MIRA INFORM REPORT

Report Date :

20.11.2014

IDENTIFICATION DETAILS

Name :	JLALANNE
Registered Office :	7 Rue Alfred De Vigny 25000 Besancon
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	December 2005
Com. Reg. No.:	0 487 563 751
Legal Form :	Simplified joint stock company
Line of Business :	Wholesale of timber and building materials
No of Employees :	3 to 5

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

REGISTERED NAME & COMPANY SUMMARY

Name

JLALANNE

SIRET

487 563 751 00014

Personal comment

company summary

Activity (APE)	Wholesale (business to business) timber and building materials (4673A)	EUR VAT Number	FR38487563751
Phone	03 81 52 98 01	Legal form	Simplified joint stock company
Fax	03 81 52 98 01	RCS Registration	RCS Besancon 0 487 563 751
Address	JLALANNE 7 RUE ALFRED DE VIGNY 25000 BESANCON	Share capital	100,000 Euros
Nationality	France	Incorporated Date	12/2005
		Status	Economically active

DIRECTORS/MANAGEMENT

directors

Name	MOUGIN JEAN FRANCOIS
Manager position	President	Date of birth	30/08/1968
Place of birth	MONTBELIARD
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M JEAN MOUGIN	8/30/1968- -

NEGATIVE INFORMATION

Judgements

Collective procedures

No judgment information for the company

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

SHARE & SHARE CAPITAL INFORMATION

Shareholders

No Shareholders available for this company

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

No group information available for the company

FINANCIAL INFORMATION

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	7,813,171 €	8,318,861 €	12,395,856 €
Gross Operating Surplus	0.74 % Turnover	-0.33 % Turnover	2.08 % Turnover
Shareholders’ equity	800,172 €	1,036,619 €	1,141,149 €
Net result	33,553 €	15,470 €	120,262 €
Employees	3 to 5 employees	-	-

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2013	31/12/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	12/08/2014	14/04/2014	20/07/2012
Activity Code	4673A	4673A	4673A
Employees	6	0	7

Active account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	17,022	23.2%	13,811	-28.5%	19,318	55,654	-69.4%
- Intangible assets	10,000	0%	10,000	-15.4%	11,822	149	6611.4%
- Tangible assets	6,780	90.0%	3,569	-50.8%	7,254	27,895.50	-75.7%
- Financial assets	242	0%	242	0%	242	2,200	-89.0%
Net current assets	2,674,961	-7.4%	2,887,201	0.7%	2,866,700	424,034	530.8%
- Stocks	37,051	-80.1%	186,640	-15.5%	220,759	81,004	-54.3%
- Advanced payments	96,876	-7.4%	108,435	-24.9%	144,375	0	0%
- Receivables	1,527,705	1.8%	1,500,339	20.7%	1,242,700	182,113	738.9%
- Securities and cash	1,013,329	-7.2%	1,091,787	-13.3%	1,258,866	52,138	1843.6%
- Prepaid expenses	-	-	-	-	-	246	-
Accounts of regularization	1,378	-73.2%	5,148	18.4%	4,349	0	0%
Total Assets	2,693,361	-7.3%	2,906,159	0.5%	2,890,367	522,908.50	415.1%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Shareholders' equity	800,172	-22.8%	1,036,619	-9.2%	1,141,149	167,713.50	377.1%
Share capital	100,000	0%	100,000	0%	100,000	30,000	233.3%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	293,403	2.2%	287,068	-16.6%	344,159	0	0%
Liabilities	1,599,739	1.1%	1,581,908	12.6%	1,405,059	302,674	428.5%
- Financial liabilities	471,938	-5.5%	499,525	231.9%	150,500	41,974	1024.4%
- Advanced payments received	0	0%	31,783	80.1%	17,645	0	0%
- Trade account payables	1,055,282	10.6%	954,318	-11.6%	1,079,226	128,553.50	720.9%
- Tax and social liabilities	64,628	-13.8%	74,954	-36.6%	118,310	62,905	2.7%
- Other debts and fixed assets liabilities	7,939	-63.7%	21,894	-44.4%	39,378	5,461	45.4%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	2,693,362	-7.3%	2,906,159	0.5%	2,890,366	522,909	415.1%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Sales of Goods	7,842,830	-7.5%	8,480,431	-31.8%	12,440,655	1,003,006.50	681.9%
Net turnover	7,813,171	-6.1%	8,318,861	-32.9%	12,395,856	989,294	689.8%
- of which net export turnover	7,765,179	-6.2%	8,276,761	-32.4%	12,243,592	0	0%
Operating charges	7,794,921	-7.7%	8,448,585	-31.3%	12,295,410	980,715.50	694.8%
Operating profit/loss	47,909	50.4%	31,846	-78.1%	145,245	20,452.50	134.2%
Financial income	21,966	-6.4%	23,468	-65.3%	67,604	136	16051.5%
Financial charges	20,249	-36.1%	31,692	-44.0%	56,623	1,703	1089.0%
Financial profit/loss	1,717	120.9%	-8,224	-174.9%	10,981	-309	655.7%
Pretax net operating income	49,626	110.1%	23,622	-84.9%	156,226	18,345.50	170.5%
Extraordinary income	0	0%	0	0%	750	576.50	0%
Extraordinary charges	0	0%	526	-87.9%	4,347	434	0%
Extraordinary profit/loss	0	0%	-526	85.4%	-3,597	0	0%
Net result	33,553	116.9%	15,470	-87.1%	120,262	17,130.50	95.9%

Display parameter
Currency	Euro	Kilo Euro

Normal Account		31/12/2013		31/12/2012		31/12/2011
	Months		12		12		12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	Grand Total (I to VI)	Net	2,693,361	-7.3%	2,906,159	0.5%	2,890,367
	Gross	CO	2,707,523	-7.2%	2,916,983	0.2%	2,911,091
	Amortisation	1A	14,162	30.8%	10,824	-47.8%	20,724

Non declared distributed capital (I)

		31/12/2013		31/12/2012		31/12/2011
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2013		31/12/2012		31/12/2011
	Total Active fixed asset (II)	Net	17,022	23.2%	13,811	-28.5%	19,318
	Gross	BJ	31,184	26.6%	24,635	-38.5%	40,042
	Amortisation	BK	14,162	30.8%	10,824	-47.8%	20,724

Intangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	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	0	0%	0	0%	1,822
	Gross	AF	5,115	0%	5,115	-47.3%	9,703
	Amortisation	AG	5,115	0%	5,115	-35.1%	7,881
	Goodwill	Net	10,000	0%	10,000	0%	10,000
	Gross	AH	10,000	0%	10,000	0%	10,000
	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	10,000	0%	10,000	-15.4%	11,822

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	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	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	6,780	90.0%	3,569	-50.8%	7,254
	Gross	AT	15,827	70.6%	9,278	-53.8%	20,097
	Amortisation	AU	9,047	58.5%	5,709	-55.5%	12,843
	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	6,780		3,569		7,254

Financial assets

			31/12/2013		31/12/2012		31/12/2011
	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%	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	242	0%	242	0%	242
	Gross	BH	242	0%	242	0%	242
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		242		242		242

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	2,674,961	-7.4%	2,887,201	0.7%	2,866,700
	Gross	CJ	2,674,961	-7.4%	2,887,201	0.7%	2,866,700
	Amortisation	CK	0	0%	0	0%	0

Stocks

			31/12/2013		31/12/2012		31/12/2011
	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	37,051	-80.1%	186,640	-15.5%	220,759
	Gross	BT	37,051	-80.1%	186,640	-15.5%	220,759
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	37,051	-80.1%	186,640	-15.5%	220,759

Advance payments to suppliers

			31/12/2013		31/12/2012		31/12/2011
	Advance payments to suppliers	Net	96,876	-10.7%	108,435	-24.9%	144,375
	Gross	BV	96,876	-10.7%	108,435	-24.9%	144,375
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	1,431,212	-2.1%	1,461,668	24.4%	1,174,862
	Gross	BX	1,431,212	-2.1%	1,461,668	24.4%	1,174,862
	Amortisation	BY	0	0%	0	0%	0
	Other debtors	Net	85,854	184.3%	30,200	-52.0%	62,885
	Gross	BZ	85,854	184.3%	30,200	-52.0%	62,885
	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	1,517,066	1.7%	1,491,868	20.5%	1,237,747

Divers

			31/12/2013		31/12/2012		31/12/2011
	Investment securities	Net	0	0%	0	0%	0
	Gross	CD	0	0%	0	0%	0
	Amortisation	CE	0	0%	0	0%	0
	Cash and cash equivalents	Net	1,013,329	-7.2%	1,091,787	-13.3%	1,258,866
	Gross	CF	1,013,329	-7.2%	1,091,787	-13.3%	1,258,866
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	1,013,329	-7.2%	1,091,787	-13.3%	1,258,866

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	10,639	25.6%	8,471	71.0%	4,953
	Gross	CH	10,639	25.6%	8,471	71.0%	4,953
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2013		31/12/2012		31/12/2011
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	1,378	-73.2%	5,148	18.4%	4,349
Gross		1,378	-73.2%	5,148	18.4%	4,349

References

		31/12/2013		31/12/2012		31/12/2011
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)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to V)	EE	2,693,362	-7.3%	2,906,159	0.5%	2,890,366

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	800,172	-22.8%	1,036,619	-9.2%	1,141,149
	Equity and shareholders' equity	DA	100,000	0%	100,000	0%	100,000
	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	10,000	0%	10,000	0%	10,000
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	644,024	-28.3%	898,554	0.0%	898,292
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	0	0%	0	0%	0
	Profit or loss for the period	DI	33,553	116.9%	15,470	-87.1%	120,262
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	12,595	0%	12,595	0%	12,595

Other capital resources (II)

			31/12/2013		31/12/2012		31/12/2011
	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)

			31/12/2013		31/12/2012		31/12/2011
	Total provisions for risks and charges (Total III)	DR	293,403	2.2%	287,068	-16.6%	344,159
	Risk provisions	DP	293,403	2.2%	287,068	-16.6%	344,159
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	1,599,739	1.1%	1,581,908	12.6%	1,405,059
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	459,941	1.3%	453,848	202.6%	150,000
	Sundry loans and financial liabilities	DV	11,997	-73.7%	45,677	9035.4%	500
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	31,783	80.1%	17,645
	Trade accounts payables	DX	1,055,282	10.6%	954,318	-11.6%	1,079,226
	Tax and social security liabilities	DY	64,628	-13.8%	74,954	-36.6%	118,310
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	7,891	-63.0%	21,328	-45.8%	39,378

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	48	-91.5%	566	0%	0

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	1,405,058
Of which current bank facilities	EH	0	0%	0	0%	150,000

Display parameter
Currency	Euro	Kilo Euro

Result account

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

1- Operating result(I-II)

		31/12/2013		31/12/2012		31/12/2011
Operating result (Total I-II)	GG	47,909	50.4%	31,846	-78.1%	145,245

2 -Financial result(V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	1,717	120.9%	-8,224	-174.9%	10,981

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

		31/12/2013		31/12/2012		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	49,626	110.1%	23,622	-84.9%	156,226

4 -Extraordinary result(VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	0	0%	-526	85.4%	-3,597

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	33,553	116.9%	15,470	-87.1%	120,262

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	7,864,796	-7.5%	8,503,899	-32.0%	12,509,010

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

		31/12/2013		31/12/2012		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	7,831,241	-7.7%	8,488,430	-31.5%	12,388,748

Operating income(I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	7,842,830	-7.5%	8,480,431	-31.8%	12,440,655

Operating income (details)

			31/12/2013		31/12/2012		31/12/2011
	Sale of goods for resale	FC	7,811,403	-6.1%	8,318,861	-32.9%	12,395,856
	France	FA	46,224	9.8%	42,100	-72.4%	152,264
	Export	FB	7,765,179	-6.2%	8,276,761	-32.4%	12,243,592
	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	1,768	0%	0	0%	0
	France	FG	1,768	0%	0	0%	0
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	7,813,171	-6.1%	8,318,861	-32.9%	12,395,856
	France	FJ	47,992	14.0%	42,100	-72.4%	152,264
	Export	FK	7,765,179	-6.2%	8,276,761	-32.4%	12,243,592
	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	29,568	-81.7%	161,344	261.7%	44,608
	Other income	FQ	91	-59.7%	226	17.7%	192

Operating charges(II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	7,794,921	-7.7%	8,448,585	-31.3%	12,295,410

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	5,643,052	-10.2%	6,285,694	-27.3%	8,648,228
Change in stocks of goods for resale	FT	149,590	338.4%	34,119	128.0%	-121,853
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	1,664,379	1.5%	1,639,587	-48.0%	3,155,745
Tax, duty and similar payments	FX	21,749	15.2%	18,880	18.0%	15,997
Payroll	FY	204,373	-20.8%	258,131	-13.3%	297,616
Social security costs	FZ	72,300	-34.3%	110,047	-22.5%	142,069

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	3,338	-33.0%	4,980	-27.0%	6,822
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	0	0%	0
Provisions for risks and charges	GD	35,910	-62.9%	96,876	-29.5%	137,509

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	230	-15.1%	271	-98.0%	13,275

Operating charges (III-IV)

		31/12/2013		31/12/2012		31/12/2011
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)

			31/12/2013		31/12/2012		31/12/2011
	Total financial income (Total V)	GP	21,966	-6.4%	23,468	-65.3%	67,604
	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	9,578	-17.3%	11,583	-58.0%	27,580
	Released provisions and transferred charges	GM	5,148	18.4%	4,349	-50.5%	8,786
	Exchange gains	GN	7,240	-3.9%	7,536	-75.9%	31,239
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2013		31/12/2012		31/12/2011
Total financial charge (Total VI)	GU	20,249	-36.1%	31,692	-44.0%	56,623
Financial reserves and provisions	GQ	1,378	-73.2%	5,148	18.4%	4,349
Interest and similar charges	GR	6,941	-29.5%	9,847	-53.3%	21,081
Exchange losses	GS	11,930	-28.6%	16,697	-46.5%	31,194
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	0	0%	0	0%	750
	Extraordinary operating income	HA	0	0%	0	0%	0
	Extraordinary income from capital transactions	HB	0	0%	0	0%	750
	Released provisions and transferred charges	HC	0	0%	0	0%	0

Extraordinary charges(VIII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary charges (Total VIII)	HH	0	0%	526	-87.9%	4,347
	Extraordinary operating charges	HE	0	0%	0	0%	0
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	386
	Extraordinary reserves and provisions	HG	0	0%	526	-86.7%	3,961

Employee profit sharing(IX)

		31/12/2013		31/12/2012		31/12/2011
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits(X)

		31/12/2013		31/12/2012		31/12/2011
Tax on profits (Total X)	HK	16,071	110.7%	7,627	-76.4%	32,367

References

		31/12/2013		31/12/2012		31/12/2011
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%	10,795
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	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	0	0%	15,407	2234.4%	660
	Gross value at the end of period	OL	31,184	26.6%	24,635	-38.5%	40,042

Research and development Charge (Total I)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets(Total II)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	KD	15,115	-23.3%	19,703	36.7%	14,413
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	5,290
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	4,588	0%	0
	Gross value at the end of period	LW	15,115	0%	15,115	-23.3%	19,703

Tangible fixed assets (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LN	9,278	-53.8%	20,097	22.9%	16,348
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	6,549	0%	0	0%	4,409
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	10,819	1539.2%	660
	Gross value at the end of period	NH	15,827	70.6%	9,278	-53.8%	20,097

Fiancial assets (Total IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LQ	242	0%	242	0%	242
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	0	0%	0
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	0
	Gross value at the end of period	NK	242	0%	242	0%	242

Reserve for depreciation

Situation and movement of reserve for depreciation

Grand total (I-II-III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	PE	5,115	-35.1%	7,881	89.4%	4,161
Increases		PF	0	0%	1,822	-51.0%	3,721
Decreasess		PG	0	0%	4,588	0%	0
	Decreasess by budget item transfer	PH	5,115	0%	5,115	-35.1%	7,881

Total fixed assets amotisation(Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	4,125	-67.9%	12,843	28.2%	10,015
Increases		QV	3,233	-12.3%	3,685	18.8%	3,102
Decreases		QW	0	0%	10,819	3848.5%	274
	Decreasess by budget item transfer	QX	7,358	28.9%	5,709	-55.5%	12,843

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2013		31/12/2012		31/12/2011
	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
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2013		31/12/2012		31/12/2011
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7C	299,663	-16.0%	356,754	40.7%	253,535
Increases		UB	37,289	-63.5%	102,024	-30.0%	145,819
Decreases		UC	30,954	-80.5%	159,115	273.5%	42,599
	Value at the end of period	UD	305,998	2.1%	299,663	-16.0%	356,754

Includes Total allocations

Operating	UE	0	0%	0	0%	137,509
Financial	UG	0	0%	0	0%	4,349
Exceptional	UJ	0	0%	0	0%	3,961

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	33,813
Financial	UH	0	0%	0	0%	8,786
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	3Z	12,595	0%	12,595	45.9%	8,634
Increases		TS	0	0%	0	0%	3,961
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	12,595	0%	12,595	0%	12,595

Total risk and charge provisions (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	5Z	287,068	-16.6%	344,160	40.5%	244,901
Increases		TV	37,288	-63.5%	102,024	-28.1%	141,858
Decreases		TW	30,954	-80.5%	159,116	273.5%	42,599
	Value at the end of period	TX	293,402	2.2%	287,068	-16.6%	344,159

Total Provision for depreciation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7B	0	0%	0	0%	0
Increases		TY	0	0%	0	0%	0
Decreases		TZ	0	0%	0	0%	0
	Value at the end of period	UA	0	0%	0	0%	0

State deadlines claims and debts at the end of period

State claims

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	1,624,823	1.0%	1,609,016	16.0%	1,387,317
1 year at most	VU	1,624,581	1.0%	1,608,774	16.0%	1,387,075
More than one year	VV	242	0%	242	0%	242

State of loans

		31/12/2013		31/12/2012		31/12/2011
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	242	0%	242	0%	242
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2013		31/12/2012		31/12/2011
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	1,431,212	-2.1%	1,461,668	24.4%	1,174,862
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	2,000
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	12,753	-74.1%	49,153
Value added tax	VB	5,971	-12.2%	6,798	-7.7%	7,365
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	176,759	48.4%	119,084	-19.9%	148,742

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	10,639	25.6%	8,471	71.0%	4,953

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	1,599,740	1.1%	1,581,907	12.6%	1,405,058
1 year at most		VZ2	1,599,740	1.1%	1,581,907	12.6%	1,405,058
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2013		31/12/2012		31/12/2011
	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	446,000	0%	446,000	197.3%	150,000
1 year at most		VG2	446,000	0%	446,000	197.3%	150,000
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	13,941	77.6%	7,848	0%	0
1 year at most		VH2	13,941	77.6%	7,848	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	1,055,282	10.6%	954,318	-11.6%	1,079,226
1 year at most		8B2	1,055,282	10.6%	954,318	-11.6%	1,079,226
More than 1 year and 5 years at most		8B3	1,055,282	10.6%	954,318	-11.6%	1,079,226
	Personnel and associated accounts (gross)	8C1	13,199	-13.4%	15,240	-54.3%	33,315
1 year at most		8C2	13,199	-13.4%	15,240	-54.3%	33,315
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	44,893	-1.4%	45,517	-26.5%	61,964
1 year at most		8D2	44,893	-1.4%	45,517	-26.5%	61,964
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	2,886	0%	0	0%	0
1 year at most		8E2	2,886	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	88	-96.9%	2,866
1 year at most		VW2	0	0%	88	-96.9%	2,866
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	3,649	-74.1%	14,109	-30.0%	20,165
1 year at most		VQ2	3,649	-74.1%	14,109	-30.0%	20,165
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	11,997	-73.7%	45,677	9035.4%	500
1 year at most		VI2	11,997	-73.7%	45,677	9035.4%	500
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	7,891	-85.1%	53,110	-6.9%	57,023
1 year at most		8K2	7,891	-85.1%	53,110	-6.9%	57,023
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	45,677	0%	0

Table allocation results and other information

Dividends distributed

		31/12/2013		31/12/2012		31/12/2011
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011
Average number of employees	YP	06	0%	0	0%	07

Groups and Shareholders

		31/12/2013		31/12/2012		31/12/2011
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

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Fixed Asset Financing		50.66	-32.0%	74.45	97.9%	37.62	2.17	2234.6%
Global Debt		74days	8.8%	68days	65.9%	41days	101days	-26.7%
Working Capital Fund overall net		71days	-9.0%	78days	81.4%	43days	65days	9.2%
Financial independence		169.55%	-18.3%	207.52%	-72.6%	758.24%	220.62%	-23.1%
More ratios
Solvability		29.71%	-16.7%	35.67%	-9.7%	39.48%	37.45%	-20.7%
Capacity debt futures		173.97%	-23.8%	228.41%	-70.0%	760.77%	1256.45%	-86.2%
Coverage of current assets by net working capital overall		58.12%	-7.5%	62.85%	22.7%	51.24%	44.70%	30.0%
General Liquidity		1.02	0%	1.02	3.0%	0.99	0.74	37.8%
Restricted Liquidity		1.65	-3.5%	1.71	-9.0%	1.88	1.10	50.0%

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Need background in operating working capital		24days	-20.0%	30days	200%	10days	32days	-25.0%
Treasury		47days	0%	47days	46.9%	32days	14days	235.7%
Inventory turnover of goods		2days	-81.8%	11days	22.2%	9days	63days	-96.8%
Average length of credit granted to customers		66days	4.8%	63days	85.3%	34days	52days	26.9%
Average length of credit obtained suppliers		51days	18.6%	43days	30.3%	33days	56days	-8.9%
More ratios
Inventory turnover of raw materials in industrial enterprises		0days	0%	0days	0%	0days	0days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	562days	-
Rotation tangible assets		49366.09%	-44.9%	89662.22%	45.4%	61680.13%	880.06%	5509.4%

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Margin trading		25.84%	7.5%	24.03%	-23.0%	31.22	24.67%	4.7%
Profitability of the business		0.74	324.2%	-0.33	-115.9%	2.08	3.58%	-79.3%
Net profit		0.43%	126.3%	0.19%	-80.4%	0.97%	1.90%	-77.4%
More ratios
Growth rate of turnover (excluding VAT)		-6.08%	81.5%	-32.89%	-335.8%	13.95%	-1.38%	-340.6%
Rates integration		4.56%	5.6%	4.32%	-25.0%	5.76%	19.07%	-76.1%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		77.68%	-24.2%	102.43%	66.3%	61.60%	71.20%	9.1%
Weight interests		0.26	-31.6%	0.38%	-17.4%	0.46%	0.18%	44.4%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability		0.49%	58.1%	0.31%	-58.7%	0.75%	2.95%	-83.4%
Rates of economic profitability		5%	350.0%	-2%	-110.0%	20%	13%	-61.5%
Financial profitability		800172%	-22.8%	1036619%	-9.2%	1141149%	152542.50%	424.6%
Return on investment		4.23%	37.8%	3.07%	-77.6%	13.69%	7.78%	-45.6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Turnover	7,813,171	-6.1%	8,318,861	-32.9%	12,395,856	989,294 €	689.8%

Sales of goods	7,811,403	-6.1%	8,318,861	-32.9%	12,395,856
- Purchase of goods	5,643,052	-10.2%	6,285,694	-27.3%	8,648,228
+/- Stock of goods variation	149,590	338.4%	34,119	128.0%	-121,853
Trading margin	2,018,761 €	1.0%	1,999,048 €	-48.3%	3,869,481 €	205,096 €	884.3%
	25.84 % CA	7.5%	24.03 % CA	-23.0%	31.22 % CA	25.41 % CA	1.7%

Sale of goods produced	1,768	0%	0	0%	0
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	1,768 €	0%	0 €	0%	0 €	44,637.50 €	-96.0%
	0.02 % CA	0%	0.00 % CA	0%	0.00 % CA	3.42 % CA	-99.4%

Trading margin	2,018,761	1.0%	1,999,048	-48.3%	3,869,481	205,096	884.3%
+ Period Production	1,768	0%	0	0%	0	44,637.50	-96.0%
- 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	1,664,379	1.5%	1,639,587	-48.0%	3,155,745
Added value	356,150 €	-0.9%	359,461 €	-49.6%	713,736 €	204,997 €	73.7%
	4.56 % CA	5.6%	4.32 % CA	-25.0%	5.76 % CA	19.07 % CA	-76.1%

Added value	356,150 €	-0.9%	359,461 €	-49.6%	713,736 €	204,997 €	73.7%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	21,749	15.2%	18,880	18.0%	15,997
- Personal charges	276,673	-24.9%	368,178	-16.3%	439,685
Gross operating surplus	57,728 €	309.2%	-27,597 €	-110.7%	258,054 €	33,553 €	72.1%
	0.74 % CA	324.2%	-0.33 % CA	-115.9%	2.08 % CA	3.58 % CA	-79.3%

Gross operating surplus	57,728 €	309.2%	-27,597 €	-110.7%	258,054 €	33,553 €	72.1%
+ Release of reserves and provisions	29,568	-81.7%	161,344	261.7%	44,608
+ Other operating income	91	-59.7%	226	17.7%	192
- Depreciation/Amortisation	39,248	-61.5%	101,856	-29.4%	144,331
- Other charges	230	-15.1%	271	-98.0%	13,275
Operating result	47,909 €	50.4%	31,846 €	-78.1%	145,248 €	20,509.50 €	133.6%
	0.61 % CA	60.5%	0.38 % CA	-67.5%	1.17 % CA	2.30 % CA	-73.5%

Operating result	47,909 €	50.4%	31,846 €	-78.1%	145,248 €	20,509.50 €	133.6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	21,966	-6.4%	23,468	-65.3%	67,604
- Financial charges	20,249	-36.1%	31,692	-44.0%	56,623
Pre-tax result	49,626 €	110.1%	23,622 €	-84.9%	156,229 €	18,345.50 €	170.5%
	0.64 % CA	128.6%	0.28 % CA	-77.8%	1.26 % CA	2.17 % CA	-70.5%

Extraordinary income	0	0%	0	0%	750	576.50	0%
- Extraordinary charges	0	0%	526	-87.9%	4,347
Extraordinary result	0 €	0%	-526 €	85.4%	-3,597 €	0 €	0%
	0.00 % CA	0%	-0.01 % CA	66.7%	0 % CA	0 % CA	0%

Pre-tax result	49,626 €	110.1%	23,622 €	-84.9%	156,229 €	18,345.50 €	170.5%
Extraordinary result	0 €	0%	-526 €	85.4%	-3,597 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	16,071	110.7%	7,627	-76.4%	32,367
Net result	33,555 €	116.9%	15,469 €	-87.1%	120,265 €	17,223.50 €	94.8%
	0.43 % CA	126.3%	0.19 % CA	-80.4%	0.97 % CA	1.90 % CA	-77.4%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

company details

Company details

Activity (APE)	Commerce de gros (commerce interentreprises) de bois et de matériaux de construction  (4673A)
RCS Registration	RCS Besancon 0 487 563 751	Share capital	100,000 Euros
Registration Court	Besancon (25)	Legal form	Simplified joint stock company
Court Registry Number	20 0 5B00776	EUR VAT Number	FR38487563751
Incorporation Date	12/2005	Formation Date	12/2005
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Establishment details

Activity (APE)	Commerce de gros (commerce interentreprises) de bois et de matériaux de construction  (4673A)	Business Pages FT®	BOIS DE CONSTRUCTION ET D'INDUSTRIE
Postal Address	JLALANNE 7 RUE ALFRED DE VIGNY 25000 BESANCON	Trading Address	7 RUE ALFRED DE VIGNY 25000 BESANCON
Telephone	03 81 52 98 01
Fax	03 81 52 98 01

Type	Head office (one site company)	Status	Economically active
Formation Date	12/2005	Reason for formation	Purchase
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Doubs (25)	Region	Franche-Comté
District	1	Area	99
City	BESANCON	Size of urban area	Urban unit with 100 000 to 199 999 inhabitants

Other establishments

Branches	1 branch entities in this company
Head office	Wholesale ( business to business ) timber and building materials ( 4673A )
Secondary establishments

Regionality

Mono-activity status

Workforces

Workforce at address

3 to 5 employees

Company workforce

3 to 5 employees

Preferential rights details and history

Status of collection

This company is not under monitoring

Group data

Linkages

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
23/08/2014	Bodacc C	Comptes annuels et rapports
25 - DOUBS GREFFE DU TRIBUNAL DE COMMERCE DE BESANÇON 2100 - 487563751 RCS. JLALANNE. Forme : Société par actions simplifiée. Adresse : 7 rue Alfred de Vigny 25000 Besançon. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
30/04/2014	Bodacc C	Comptes annuels et rapports
25 - DOUBS GREFFE DU TRIBUNAL DE COMMERCE DE BESANÇON 2120 - 487563751 RCS. JLALANNE. Forme : Société par actions simplifiée. Adresse : 7 rue Alfred de Vigny 25000 Besançon. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
21/07/2012	Bodacc C	Comptes annuels et rapports
25 - DOUBS GREFFE DU TRIBUNAL DE COMMERCE DE BESANÇON 3915 - 487563751 RCS. JLALANNE. Forme : Société par actions simplifiée. Adresse : 7 rue Alfred de Vigny 25000 Besançon. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
14/03/2011	Bodacc C	Comptes annuels et rapports
25 - DOUBS GREFFE DU TRIBUNAL DE COMMERCE DE BESANÇON 3609 - 487563751 RCS. JLALANNE. Forme : Société par actions simplifiée. Adresse : 7 rue Alfred de Vigny 25000 Besançon. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
18/02/2010	Bodacc C	Comptes annuels et rapports
25 - DOUBS GREFFE DU TRIBUNAL DE COMMERCE DE BESANÇON 2264 - 487563751 RCS. JLALANNE. Forme : Société par actions simplifiée. Adresse : 7 rue Alfred de Vigny 25000 Besançon. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
12/01/2009	Bodacc C	Comptes annuels et rapports
25 - DOUBS GREFFE DU TRIBUNAL DE COMMERCE DE BESANÇON 2050 - 487563751 RCS. JLALANNE. Forme : Société par actions simplifiée. Adresse : 7 rue Alfred de Vigny 25000 Besançon. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
13/02/2008	Bodacc A	Vente et cession : Acheteur
25 - DOUBS GREFFE DU TRIBUNAL DE COMMERCE DE BESANÇON 281 - 487 563 751 RCS Besançon. JLALANNE. Forme : Société par actions simplifiée. Administration : Président : MOUGIN Jean-François. Commissaire aux comptes suppléant : PORRO Vincent. Commissaire aux comptes titulaire : COREC (). Capital : 100000 EUR. Adresse : 7 rue Alfred de Vigny, 25000 Besançon. Origine du fonds : Etablissement principal acquis par achat au prix stipulé de 54096 Euros. Etablissement : Etablissement principal. Activité : Négoce de bois et produits dérivés en France et à l'étranger. Adresse : 7 rue Alfred de Vigny, 25000 Besançon. Précédent exploitant : J. LALANNE SA. 712 061 191 RCS Besançon. Date de commencement de l’activité : 01/12/2005. Publication légale : Gazette du palais du 13/07/2007. Oppositions : Siège De La Société. Commentaires : Mise en activité d'une société suite à achat.
13/12/2007	Bodacc A	Vente et cession
120 - RCS Besançon B 487 563 751. RC 05-B 776. JLALANNE. Forme : S.A.S. Capital : 100 000 euros. Adresse du siège social : 7 rue Alfred-de-Vigny, 25000 Besançon. Etablissement principal - Activité : négoce de bois et de produits dérivés, tant en France qu'à l'étranger. Adresse : 7 rue Alfred-de-Vigny, 25000 Besançon. Mise en activité suite à l'achat de l'établissement principal au prix stipulé de 54 096 euros. Date de début d'activité : 1er décembre 2005. Précédent propriétaire : J. LALANNE S.A. RCS 712 061 191. Publication légale : La Gazette du Palais du 13 juillet 2007. Oppositions : au fonds.
08/11/2007	Bodacc C	Avis de dépôt des comptes
4428 - 487 563 751. RCS Besançon JLALANNE. Forme: Société par actions simplifiée. Adresse du siège social: 7 rue Alfred de Vigny 25000 Besançon. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
23/02/2006	Bodacc A	Création d'établissement
0430 - RCS Besançon B 487 563 751. RC 05-B 776. JLALANNE. Forme : S.A.S. Capital : 100 000 euros. Adresse du siège social : 7 rue Alfred-de-Vigny, 25000 Besançon. Administration : président : MOUGIN (Jean, François) (Nom d'usage : MOUGIN). Commissaire aux comptes suppléant : PORRO (Vincent) (Nom d'usage : PORRO). Commissaire aux comptes titulaire : COREC. Cette société se constitue , mais n'exploite provisoirement aucun établissement.

Company events history

Date	Description
28/08/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
23/08/2014	Bodacc C : Deposit accounts notice
30/04/2014	Bodacc C : Deposit accounts notice
30/04/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
31/12/2012	New accounts available
21/07/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
21/07/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
09/09/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
07/09/2011	Bodacc C : Deposit accounts notice
14/03/2011	Bodacc C : Deposit accounts notice
31/12/2010	New accounts available
18/02/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
12/01/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
15/02/2008	Update of Company Activity
15/02/2008	Modification of Company Activity
13/02/2008	New Bodacc A ads detected
13/02/2008	Bodacc A : Sale and transfer
31/12/2007	New accounts available
31/12/2006	New accounts available
15/12/2005	Formation de Société
15/12/2005	Acte sous seing privé
15/12/2005	Private document
15/12/2005	Certificat de dépôt des fonds
15/12/2005	Fund deposit certificate
15/12/2005	Articles of association
15/12/2005	Statuts
15/12/2005	Company formation
08/12/2005	Update of Company Concern status
08/12/2005	Update of Company Activity
08/12/2005	Reactivation of Company
08/12/2005	Modification of Company Activity

Establishment events history

Date	Description
12/01/2013	Update of phone numbers
21/07/2010	Update of phone numbers
22/02/2008	Update of phone numbers
15/02/2008	Update of Establishment Activity
15/02/2008	Modification of Head office Activity
11/12/2007	Update of phone numbers
13/11/2007	Update of phone numbers
08/12/2005	Update of Establishment Concern status
08/12/2005	Modification of Head office
08/12/2005	Update of Establishment Activity

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.83
UK Pound	1	Rs.96.56
Euro	1	Rs.77.42

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	SMN

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.