MIRA INFORM REPORT

Report Date :

25.11.2014

IDENTIFICATION DETAILS

Name :	COMPTOIR FRANCAIS COMMERCIAL
Registered Office :	Lieudit Fief Martin, Lieu Dit Fief Martin, 17520 St Ciers Champagne
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	February, 1996
Com. Reg. No.:	RCS Saintes 0 403 888 597
Legal Form :	Simplified joint stock company
Line of Business :	Wholesale (intercompany trade) of beverages (4634Z)
No. of Employees :	6 to 9 employees

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
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

company summary

Safe Number	FR04062300	EUR VAT Number	FR03403888597
Activity (APE)	Wholesale (intercompany trade) of beverages (4634Z)	Legal form	Simplified joint stock company
Phone		RCS Registration	RCS Saintes 0 403 888 597
Fax	05 46 48 20 50	Share capital	40,000 Euros
Address	COMPTOIR FRANCAIS COMMERCIAL LIEUDIT FIEF MARTIN LIEU DIT FIEF MARTIN 17520 ST CIERS CHAMPAGNE FRANCE	Incorporated Date	02/1996
Nationality	France	Status	Economically active

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	23,239,008 €	24,485,697 €	16,019,118 €
Gross Operating Surplus	9.55 % Turnover	6.44 % Turnover	3.17 % Turnover
Shareholders’ equity	2,219,019 €	1,305,485 €	503,321 €
Net result	783,298 €	802,165 €	185,010 €
Employees	6 to 9 employees	-	-

Company details

Activity (APE)	Wholesale (intercompany trade) of beverages (4634Z)
RCS Registration	RCS Saintes 0 403 888 597	Share capital	40,000 Euros
Registration Court	Saintes (17)	Legal form	Simplified joint stock company
Court Registry Number	20 0 1B00224	EUR VAT Number	FR03403888597
Incorporation Date	02/1996	Formation Date	02/1996
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Establishment details

Activity (APE)	Wholesale (intercompany trade) of beverages (4634Z)	Business Pages FT®	NEGOCIANTS EN GROS DE VINS, SPIRITUEUX ET ALCOOLS
Postal Address	COMPTOIR FRANCAIS COMMERCIAL LIEUDIT FIEF MARTIN LIEU DIT FIEF MARTIN 17520 ST CIERS CHAMPAGNE FRANCE	Trading Address	LIEU DIT FIEF MARTIN 17520 SAINT CIERS CHAMPAGNE
Telephone
Fax	05 46 48 20 50

Type	Head office	Status	Economically active
Formation Date	05/2001	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department	Charente-Maritime (17)	Region	Poitou-Charentes
District	1	Area	02
City	SAINT CIERS CHAMPAGNE	Size of urban area

Other establishments

Branches	2 branch entities in this company
Head office	> COMPTOIR FRANCAIS COMMERCIAL <<<  - Commerce de gros (commerce interentreprises) de boissons (4634Z)  in SAINT CIERS CHAMPAGNE  (17520)
Secondary establishments	>  COMPTOIR FRANCAIS COMMERCIAL  - Commerce de gros (commerce interentreprises) de boissons (4634Z)  in COGNAC  (16100) >  COMPTOIR FRANCAIS COMMERCIAL  - Commerce de gros (commerce interentreprises) de boissons (4634Z)  in COGNAC  (16100)

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

1 or 2 employees

Company workforce

6 to 9 employees

DIRECTORS/MANAGEMENT

Current Directors

1

directors

Name	M. PALISSIERE ALAIN
Manager position	President	Date of birth	06/03/1965
Place of birth	ANGOULEME
Type	Individual	Name at birth

Previous Directors

the directors history for this company
If you want to view the directors history

Manager position	Title and name	Date of Birth/Place of Birth
President	M ALAIN PALISSIERE	3/6/1965 - ANGOULEME

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Shareholders

No Shareholders available for this company

Share capital

40,000 Euros

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Group data

Group Structure

No group information available for the company

Linkages

No Linkages information available for the company

FINANCIAL INFORMATION

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	24/07/2014	31/08/2013	30/10/2012
Activity Code	4634Z	4634Z	4634Z
Employees	0	0	0

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	1,159,504	36.4%	850,202	64.9%	515,676	28,410	3981.3%
- Intangible assets	2,040	0%	0	0%	1,159	0	0%
- Tangible assets	1,150,514	36.4%	843,252	63.9%	514,517	9,758	11690.5%
- Financial assets	6,950	0%	6,950	0%	0	239	2807.9%
Net current assets	5,830,294	27.0%	4,591,477	16.6%	3,936,319	285,978	1938.7%
- Stocks	4,522,147	113.3%	2,120,533	-9.6%	2,344,864	62,492	7136.4%
- Advanced payments	0	27.0%	0	0%	0	0	0%
- Receivables	1,289,003	-45.6%	2,368,204	100.3%	1,182,077	112,971	1041.0%
- Securities and cash	19,144	-81.4%	102,740	-74.9%	409,378	24,539	-22.0%
- Prepaid expenses	-	-	-	-	-	120.50	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	6,989,796	28.4%	5,441,679	22.2%	4,451,995	363,078	1825.1%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Shareholders' equity	2,219,019	70.0%	1,305,485	159.4%	503,321	96,173	2207.3%
Share capital	40,000	0%	40,000	0%	40,000	15,000	166.7%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	0	0%	0	0%	0	0	0%
Liabilities	4,770,777	15.3%	4,136,194	4.7%	3,948,675	205,873	2217.3%
- Financial liabilities	2,703,265	103.4%	1,328,792	-8.7%	1,454,746	37,602	7089.2%
- Advanced payments received	116,555	0%	0	0%	0	0	0%
- Trade account payables	1,649,566	-24.5%	2,183,673	-0.7%	2,198,655	76,654	2052.0%
- Tax and social liabilities	287,293	-46.6%	537,904	154.2%	211,576	29,798	864.1%
- Other debts and fixed assets liabilities	14,099	-83.6%	85,825	2.5%	83,698	6,206	127.2%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	6,989,796	28.4%	5,441,679	22.2%	4,451,995	363,078	1825.1%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Sales of Goods	23,415,710	-6.0%	24,899,244	54.7%	16,092,916	482,454	4753.5%
Net turnover	23,239,008	-5.1%	24,485,697	52.9%	16,019,118	479,711	4744.4%
- of which net export turnover	22,104,765	-6.1%	23,541,852	54.6%	15,229,311	0	0%
Operating charges	21,666,621	-8.1%	23,564,088	50.4%	15,667,593	465,587	4553.6%
Operating profit/loss	1,749,089	31.0%	1,335,156	213.9%	425,323	12,596	13786.1%
Financial income	0	0%	1,269	-41.8%	2,179	04	0%
Financial charges	84,986	-2.6%	87,272	-5.6%	92,475	910	9239.1%
Financial profit/loss	-84,986	1.2%	-86,003	4.8%	-90,296	-369	-22931.4%
Pretax net operating income	1,664,103	33.2%	1,249,153	272.9%	335,027	10,871	15207.7%
Extraordinary income	1,400	0%	0	0%	3,000	14	9900%
Extraordinary charges	470,281	2285.5%	19,714	-58.1%	47,052	117	401849.6%
Extraordinary profit/loss	-468,881	-2278.4%	-19,714	55.2%	-44,052	0	0%
Net result	783,298	-2.4%	802,165	333.6%	185,010	9,559	8094.4%

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	6,989,796	28.4%	5,441,679	22.2%	4,451,995
	Gross	CO	8,269,882	32.2%	6,253,876	22.8%	5,094,275
	Amortisation	1A	1,280,086	57.6%	812,197	26.5%	642,280

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	1,159,504	36.4%	850,202	64.9%	515,676
	Gross	BJ	1,931,002	27.3%	1,516,927	36.7%	1,109,549
	Amortisation	BK	771,498	15.7%	666,725	12.3%	593,873

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	2,040	0%	0	0%	1,159
	Gross	AF	5,190	25.8%	4,124	0%	4,124
	Amortisation	AG	3,150	-23.6%	4,124	39.1%	2,965
	Goodwill	Net	0	0%	0	0%	0
	Gross	AH	0	0%	0	0%	0
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	2,040	0%	0	0%	1,159

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Lands	Net	96,469	-3.6%	100,029	-11.7%	113,223
	Gross	AN	178,992	5.7%	169,367	0%	169,367
	Amortisation	AO	82,523	19.0%	69,338	23.5%	56,144
	Buildings	Net	648,850	453.3%	117,273	-10.7%	131,351
	Gross	AP	862,418	189.2%	298,215	0%	298,215
	Amortisation	AQ	213,568	18.0%	180,942	8.4%	166,864
	Plant	Net	191,022	77.0%	107,901	11.8%	96,535
	Gross	AR	541,976	27.3%	425,678	9.3%	389,622
	Amortisation	AS	350,954	10.4%	317,777	8.4%	293,087
	Other tangible fixed assets	Net	214,173	132.8%	91,989	-9.8%	102,018
	Gross	AT	335,476	79.8%	186,533	5.5%	176,831
	Amortisation	AU	121,303	28.3%	94,544	26.4%	74,813
	Fixed assets in construction	Net	0	0%	426,060	496.8%	71,390
	Gross	AV	0	0%	426,060	496.8%	71,390
	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	1,150,514		843,252		514,517

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	6,950	0%	6,950	0%	0
	Gross	BH	6,950	0%	6,950	0%	0
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		6,950		6,950		0

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	5,830,294	27.0%	4,591,477	16.6%	3,936,319
	Gross	CJ	6,338,882	33.8%	4,736,949	18.9%	3,984,726
	Amortisation	CK	508,588	249.6%	145,472	200.5%	48,407

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	4,522,147	113.3%	2,120,533	-9.6%	2,344,864
	Gross	BT	4,893,891	130.8%	2,120,533	-9.6%	2,344,864
	Amortisation	BU	371,744	0%	0	0%	0
	Sub Total Stocks	Net	4,522,147	113.3%	2,120,533	-9.6%	2,344,864

Advance payments to suppliers

			31/12/2013		31/12/2012		31/12/2011
	Advance payments to suppliers	Net	0	0%	0	0%	0
	Gross	BV	0	0%	0	0%	0
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2013		31/12/2012		31/12/2011
	Trade accounts receivable	Net	795,374	-51.0%	1,623,356	62.3%	1,000,401
	Gross	BX	932,218	-47.3%	1,768,828	68.7%	1,048,808
	Amortisation	BY	136,844	-5.9%	145,472	200.5%	48,407
	Other debtors	Net	467,094	-33.3%	700,807	313.6%	169,448
	Gross	BZ	467,094	-33.3%	700,807	313.6%	169,448
	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	1,262,468	-45.7%	2,324,163	98.7%	1,169,849

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	19,144	-81.4%	102,740	-74.9%	409,378
	Gross	CF	19,144	-81.4%	102,740	-74.9%	409,378
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	19,144	-81.4%	102,740	-74.9%	409,378

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	26,535	-39.7%	44,041	260.2%	12,228
	Gross	CH	26,535	-39.7%	44,041	260.2%	12,228
	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	0	0%	0	0%	0
Gross		0	0%	0	0%	0

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%	21,760

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	6,989,796	28.4%	5,441,679	22.2%	4,451,995

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	2,219,019	70.0%	1,305,485	159.4%	503,321
	Equity and shareholders' equity	DA	40,000	0%	40,000	0%	40,000
	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	4,000	0%	4,000	0%	4,000
	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	931,485	102.8%	459,320	67.4%	274,311
	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	783,298	-2.4%	802,165	333.6%	185,010
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	460,236	0%	0	0%	0

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	0	0%	0	0%	0
Risk provisions	DP	0	0%	0	0%	0
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	4,770,777	15.3%	4,136,194	4.7%	3,948,675
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	2,543,178	97.5%	1,287,805	-6.3%	1,373,759
Sundry loans and financial liabilities	DV	160,087	290.6%	40,987	-49.4%	80,987
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	116,555	0%	0	0%	0
Trade accounts payables	DX	1,649,566	-24.5%	2,183,673	-0.7%	2,198,655
Tax and social security liabilities	DY	287,293	-46.6%	537,904	154.2%	211,576
Fixed asset liabilities	DZ	0	0%	0	0%	48,995
Other debts	EA	14,099	-83.6%	85,825	147.3%	34,703

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	0	0%	0	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	4,143,644	0%	0	0%	3,850,624
Of which current bank facilities	EH	18,439	0%	0	0%	6,201

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	1,749,089	31.0%	1,335,156	213.9%	425,323

2 -Financial result(V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	-84,986	1.2%	-86,003	4.8%	-90,296

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	1,664,103	33.2%	1,249,153	272.9%	335,027

4 -Extraordinary result(VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	-468,881	-2278.4%	-19,714	55.2%	-44,052

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	783,298	-2.4%	802,165	333.6%	185,010

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	23,417,110	-6.0%	24,900,513	54.7%	16,098,095

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	22,633,812	-6.1%	24,098,349	51.4%	15,913,085

Operating income(I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	23,415,710	-6.0%	24,899,244	54.7%	16,092,916

Operating income (details)

		31/12/2013		31/12/2012		31/12/2011
Sale of goods for resale	FC	23,238,737	-5.1%	24,480,554	52.9%	16,014,329
France	FA	1,134,172	20.2%	943,742	19.5%	789,637
Export	FB	22,104,565	-6.1%	23,536,812	54.6%	15,224,692
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	271	-94.7%	5,143	7.4%	4,789
France	FG	71	-31.1%	103	-39.4%	170
Export	FH	200	-96.0%	5,040	9.1%	4,619
Net turnover	FL	23,239,008	-5.1%	24,485,697	52.9%	16,019,118
France	FJ	1,134,243	20.2%	943,845	19.5%	789,807
Export	FK	22,104,765	-6.1%	23,541,852	54.6%	15,229,311
Stocked production	FM	0	0%	0	0%	0
Self-constructed assets	FN	138,143	-61.1%	354,670	444.3%	65,160
Operating grants	FO	0	0%	0	0%	500
Release of reserves and provisions	FP	36,734	-36.2%	57,544	608.5%	8,122
Other income	FQ	1,825	36.9%	1,333	8231.2%	16

Operating charges(II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	21,666,621	-8.1%	23,564,088	50.4%	15,667,593

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	21,604,119	3.1%	20,958,759	37.4%	15,257,897
Change in stocks of goods for resale	FT	-2,773,358	-1336.3%	224,332	122.8%	-984,497
Purchase of raw materials	FU	214,472	1441.2%	13,916	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	1,315,990	-10.4%	1,468,429	75.1%	838,711
Tax, duty and similar payments	FX	134,592	53.0%	87,972	54.5%	56,957
Payroll	FY	471,566	29.1%	365,291	24.9%	292,536
Social security costs	FZ	190,473	30.5%	145,993	26.7%	115,234

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	106,173	43.9%	73,796	5.9%	69,680
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	382,630	168.4%	142,541	687.6%	18,099
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	19,966	-76.0%	83,059	2691.0%	2,976

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	0	0%	1,269	-41.8%	2,179
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	0	0%	1,235	0%	0
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	0	0%	34	0%	0
Net income from disposal of investment securities	GO	0	0%	0	0%	2,179

Financial Charge (VI)

			31/12/2013		31/12/2012		31/12/2011
	Total financial charge (Total VI)	GU	84,986	-2.6%	87,272	-5.6%	92,475
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	84,986	-2.6%	87,272	-5.6%	92,475
	Exchange losses	GS	0	0%	0	0%	0
	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	1,400	0%	0	0%	3,000
	Extraordinary operating income	HA	0	0%	0	0%	3,000
	Extraordinary income from capital transactions	HB	1,400	0%	0	0%	0
	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	470,281	2285.5%	19,714	-58.1%	47,052
	Extraordinary operating charges	HE	10,045	-49.0%	19,714	-58.1%	47,052
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	460,236	0%	0	0%	0

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	411,924	-3.6%	427,275	303.2%	105,965

References

		31/12/2013		31/12/2012		31/12/2011
Of which equipment leases	HP	58,791	25.2%	46,968	95.1%	24,072
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	17,220	42.7%	12,068	51.5%	7,964
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	569,753	0%	0	0%	0
	Decreasess by transfers	OK2	1,400	0%	0	0%	1,492
	Gross value at the end of period	OL	1,931,002	0%	0	0%	1,109,549

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	4,124	0%	0	0%	3,619
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	2,467	0%	0	0%	1,200
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	1,400	0%	0	0%	695
	Gross value at the end of period	LW	5,191	0%	0	0%	4,124

Tangible fixed assets (Total III)

		31/12/2013		31/12/2012		31/12/2011
Gross value at begin of period	LN	1,505,853	0%	0	0%	993,945
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	982,761	0%	0	0%	112,277
Decreasess by budget item transfer	NG1	569,753	0%	0	0%	0
Decreasess by transfers	NG2	0	0%	0	0%	797
Gross value at the end of period	NH	1,918,861	0%	0	0%	1,105,425

Fiancial assets (Total IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LQ	6,950	0%	0	0%	0
	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	6,950	0%	0	0%	0

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	4,124	0%	0	0%	2,785
Increases		PF	426	0%	0	0%	875
Decreasess		PG	1,400	0%	0	0%	695
	Decreasess by budget item transfer	PH	3,150	0%	0	0%	2,965

Total fixed assets amotisation(Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	662,601	0%	0	0%	522,901
Increases		QV	105,747	0%	0	0%	68,803
Decreases		QW	0	0%	0	0%	797
	Decreasess by budget item transfer	QX	768,348	0%	0	0%	590,907

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	145,472	0%	0	0%	30,465
Increases		UB	842,866	0%	0	0%	18,099
Decreases		UC	19,514	0%	0	0%	158
	Value at the end of period	UD	968,824	0%	0	0%	48,406

Includes Total allocations

Operating	UE	0	0%	0	0%	18,099
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	158
Financial	UH	0	0%	0	0%	0
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	0	0%	0	0%	0
Increases		TS	460,236	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	460,236	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	5Z	0	0%	0	0%	0
Increases		TV	0	0%	0	0%	0
Decreases		TW	0	0%	0	0%	0
	Value at the end of period	TX	0	0%	0	0%	0

Total Provision for depreciation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7B	145,472	0%	0	0%	30,465
Increases		TY	382,630	0%	0	0%	18,099
Decreases		TZ	19,514	0%	0	0%	158
	Value at the end of period	UA	508,588	0%	0	0%	48,406

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	1,432,796	0%	0	0%	1,230,484
1 year at most	VU	1,425,846	0%	0	0%	1,208,724
More than one year	VV	6,950	0%	0	0%	21,760

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	6,950	0%	0	0%	0
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	144,014	0%	0	0%	102,530
Other claims customer	UX	788,203	0%	0	0%	946,278
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	58,700	0%	0	0%	300
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	18,102	0%	0	0%	0
Value added tax	VB	308,133	0%	0	0%	26,494
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	82,158	0%	0	0%	142,655

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	26,535	0%	0	0%	12,228

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	4,654,223	0%	0	0%	3,948,675
1 year at most		VZ2	4,143,644	0%	0	0%	3,850,623
More than 1 year and 5 years at most		VZ3	226,452	0%	0	0%	91,606
More than 5 years		VZ4	284,127	0%	0	0%	6,446

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	18,439	0%	0	0%	1,230,000
1 year at most		VG2	18,439	0%	0	0%	1,230,000
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	2,524,739	0%	0	0%	143,759
1 year at most		VH2	2,014,160	0%	0	0%	45,707
More than 1 year and 5 years at most		VH3	226,452	0%	0	0%	91,606
	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	1,649,566	0%	0	0%	2,198,655
1 year at most		8B2	1,649,566	0%	0	0%	2,198,655
More than 1 year and 5 years at most		8B3	1,649,566	0%	0	0%	2,198,655
	Personnel and associated accounts (gross)	8C1	82,394	0%	0	0%	9,898
1 year at most		8C2	82,394	0%	0	0%	9,898
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	146,889	0%	0	0%	95,286
1 year at most		8D2	146,889	0%	0	0%	95,286
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	65,417
1 year at most		8E2	0	0%	0	0%	65,417
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	974
1 year at most		VW2	0	0%	0	0%	974
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	58,011	0%	0	0%	40,001
1 year at most		VQ2	58,011	0%	0	0%	40,001
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%	48,995
1 year at most		8J2	0	0%	0	0%	48,995
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	160,087	0%	0	0%	80,987
1 year at most		VI2	160,087	0%	0	0%	80,987
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	14,099	0%	0	0%	34,703
1 year at most		8K2	14,099	0%	0	0%	34,703
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%	8,988,207
Debt repaid during the period	VK	0	0%	0	0%	8,494,130

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	227,015	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	0	0%	0	0%	0

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		2.94	34.9%	2.18	-4.8%	2.29	2.28	28.9%
Global Debt		74days	21.3%	61days	-31.5%	89days	151days	-51.0%
Working Capital Fund overall net		58days	123.1%	26days	-18.8%	32days	78days	-25.6%
Financial independence		82.09%	-16.4%	98.25%	184.0%	34.60%	124.04%	-33.8%
More ratios
Solvability		31.75%	32.3%	23.99%	112.1%	11.31%	31.23%	1.7%
Capacity debt futures		109.17%	-	%	-	39.45%	621.31%	-82.4%
Coverage of current assets by net working capital overall		59.32%	56.0%	38.02%	5.2%	36.15%	43.58%	36.1%
General Liquidity		0.34	-		-	0.31	0.62	-45.2%
Restricted Liquidity		0.35	-		-	0.42	0.92	-62.0%

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Need background in operating working capital		58days	141.7%	24days	4.3%	23days	41days	41.5%
Treasury		0days	0%	2days	-77.8%	9days	7days	0%
Inventory turnover of goods		94days	161.1%	36days	-39.0%	59days	63days	49.2%
Average length of credit granted to customers		14days	-46.2%	26days	8.3%	24days	55days	-74.5%
Average length of credit obtained suppliers		29days	-17.1%	35days	-32.7%	52days	70days	-58.6%
More ratios
Inventory turnover of raw materials in industrial enterprises		0days	0%	0days	0%	0days	1days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise		days	-	days	-	days	465days	-
Rotation tangible assets		1211.08%	-	%	-	1449.14%	814.16%	48.8%

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Margin trading		18.97%	40.8%	13.47%	23.9%	10.87	24.38%	-22.2%
Profitability of the business		9.55	48.3%	6.44	103.2%	3.17	3.95%	141.8%
Net profit		3.37%	2.7%	3.28%	185.2%	1.15%	1.87%	80.2%
More ratios
Growth rate of turnover (excluding VAT)		-5.09%	-109.6%	52.85%	-36.5%	83.28%	1.28%	-497.7%
Rates integration		12.98%	46.2%	8.88%	46.3%	6.07%	16.23%	-20.0%
Rate leasing furniture		0.25%	31.6%	0.19%	26.7%	0.15%	0%	0%
Work Factor		21.95%	-6.6%	23.51%	-43.9%	41.94%	51.52%	-57.4%
Weight interests		0.37	2.8%	0.36%	-37.9%	0.58%	0.19%	94.7%

Return on capital

	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability	5.80%	62.0%	3.58%	125.2%	1.59%	3.47%	67.1%
Rates of economic profitability	45%	-25.0%	60%	130.8%	26%	12%	275.0%
Financial profitability	2219019%	70.0%	1305485%	159.4%	503321%	60528%	3566.1%
Return on investment	17.64%	-47.7%	33.76%	138.2%	14.17%	7.43%	137.4%

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	23,239,008	-5.1%	24,485,697	52.9%	16,019,118	479,711 €	4744.4%

Sales of goods	23,238,737	-5.1%	24,480,554	52.9%	16,014,329
- Purchase of goods	21,604,119	3.1%	20,958,759	37.4%	15,257,897
+/- Stock of goods variation	-2,773,358	-1336.3%	224,332	122.8%	-984,497
Trading margin	4,407,976 €	33.7%	3,297,463 €	89.4%	1,740,929 €	80,907 €	5348.2%
	18.97 % CA	40.8%	13.47 % CA	23.9%	10.87 % CA	25.17 % CA	-24.6%

Sale of goods produced	271	-94.7%	5,143	7.4%	4,789
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	138,143	-61.1%	354,670	444.3%	65,160
Period production	138,414 €	-61.5%	359,813 €	414.4%	69,949 €	12,296 €	1025.7%
	0.60 % CA	-59.2%	1.47 % CA	234.1%	0.44 % CA	2.48 % CA	-75.8%

Trading margin	4,407,976	33.7%	3,297,463	89.4%	1,740,929	80,907	5348.2%
+ Period Production	138,414	-61.5%	359,813	414.4%	69,949	12,296	1025.7%
- Purchase of raw materials	214,472	1441.2%	13,916	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	1,315,990	-10.4%	1,468,429	75.1%	838,711
Added value	3,015,928 €	38.7%	2,174,931 €	123.7%	972,167 €	79,405 €	3698.2%
	12.98 % CA	46.2%	8.88 % CA	46.3%	6.07 % CA	16.20 % CA	-19.9%

Added value	3,015,928 €	38.7%	2,174,931 €	123.7%	972,167 €	79,405 €	3698.2%
+ Operating grants	0	0%	0	0%	500
- Tax, duty and similar payments	134,592	53.0%	87,972	54.5%	56,957
- Personal charges	662,039	29.5%	511,284	25.4%	407,770
Gross operating surplus	2,219,297 €	40.8%	1,575,675 €	210.2%	507,940 €	17,854 €	12330.3%
	9.55 % CA	48.3%	6.44 % CA	103.2%	3.17 % CA	3.95 % CA	141.8%

Gross operating surplus	2,219,297 €	40.8%	1,575,675 €	210.2%	507,940 €	17,854 €	12330.3%
+ Release of reserves and provisions	36,734	-36.2%	57,544	608.5%	8,122
+ Other operating income	1,825	36.9%	1,333	8231.2%	16
- Depreciation/Amortisation	488,803	125.9%	216,337	146.5%	87,779
- Other charges	19,966	-76.0%	83,059	2691.0%	2,976
Operating result	1,749,087 €	31.0%	1,335,156 €	213.9%	425,323 €	12,581 €	13802.6%
	7.53 % CA	38.2%	5.45 % CA	104.9%	2.66 % CA	2.62 % CA	187.4%

Operating result	1,749,087 €	31.0%	1,335,156 €	213.9%	425,323 €	12,581 €	13802.6%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	0	0%	1,269	-41.8%	2,179
- Financial charges	84,986	-2.6%	87,272	-5.6%	92,475
Pre-tax result	1,664,101 €	33.2%	1,249,153 €	272.9%	335,027 €	10,802 €	15305.5%
	7.16 % CA	40.4%	5.10 % CA	144.0%	2.09 % CA	2.30 % CA	211.3%

Extraordinary income	1,400	0%	0	0%	3,000	14	9900%
- Extraordinary charges	470,281	2285.5%	19,714	-58.1%	47,052
Extraordinary result	-468,881 €	-2278.4%	-19,714 €	55.2%	-44,052 €	0 €	0%
	-2.02 % CA	-2425.0%	-0.08 % CA	70.4%	0 % CA	0 % CA	0%

Pre-tax result	1,664,101 €	33.2%	1,249,153 €	272.9%	335,027 €	10,802 €	15305.5%
Extraordinary result	-468,881 €	-2278.4%	-19,714 €	55.2%	-44,052 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	411,924	-3.6%	427,275	303.2%	105,965
Net result	783,296 €	-2.4%	802,164 €	333.6%	185,010 €	9,552 €	8100.3%
	3.37 % CA	2.7%	3.28 % CA	185.2%	1.15 % CA	1.86 % CA	81.2%

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

This company is not under monitoring

Trends

Profitability

Liquidity

Net worth

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

Preferential rights details and history

Status of collection

This company is not under monitoring

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
23/09/2014	Bodacc B	Modification et mutation diverse
17 - CHARENTE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE SAINTES 238 - 403 888 597 RCS Saintes. COMPTOIR FRANCAIS COMMERCIAL. Forme : Société par actions simplifiée. Activité : négoce et distribution de vins et spiritueux ainsi que toutes transactions commerciales sur tous biens de consommation distillateur bouilleur de profession. Adresse de l’établissement principal : Fief Martin, 17250 Saint-Ciers Champagne. Adresse du siège social : Fief Martin, 17520 Saint-Ciers-Champagne. Commentaires : Modification de l'adresse du siège. Reprise de l'activité après suspension. Date de commencement de l’activité : 27/06/2014.
08/08/2014	Bodacc C	Comptes annuels et rapports
17 - CHARENTE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE SAINTES 3004 - 403888597 RCS. COMPTOIR FRANCAIS COMMERCIAL. Forme : Société par actions simplifiée. Adresse : Fief Martin 17520 Saint-Ciers-Champagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
05/09/2013	Bodacc C	Comptes annuels et rapports
17 - CHARENTE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE SAINTES 3022 - 403888597 RCS. COMPTOIR FRANCAIS COMMERCIAL. Forme : Société par actions simplifiée. Adresse : Fief Martin 17520 Saint-Ciers-Champagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
28/09/2012	Bodacc C	Comptes annuels et rapports
17 - CHARENTE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE SAINTES 1264 - 403888597 RCS. COMPTOIR FRANCAIS COMMERCIAL. Forme : Société par actions simplifiée. Adresse : Fief Martin 17520 Saint-Ciers-Champagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
09/01/2012	Bodacc C	Comptes annuels et rapports
17 - CHARENTE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE SAINTES 2623 - 403888597 RCS. COMPTOIR FRANCAIS COMMERCIAL. Forme : Société par actions simplifiée. Adresse : Fief Martin 17520 Saint-Ciers-Champagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
28/12/2010	Bodacc C	Comptes annuels et rapports
17 - CHARENTE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE SAINTES 2365 - 403888597 RCS. COMPTOIR FRANCAIS COMMERCIAL. Forme : Société par actions simplifiée. Adresse : Fief Martin 17520 Saint-Ciers-Champagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
07/08/2009	Bodacc C	Comptes annuels et rapports
17 - CHARENTE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE SAINTES 1622 - 403888597 RCS. COMPTOIR FRANCAIS COMMERCIAL. Forme : Société par actions simplifiée. Adresse : Fief Martin 17520 Saint-Ciers-Champagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
24/09/2008	Bodacc C	Comptes annuels et rapports
17 - CHARENTE-MARITIME GREFFE DU TRIBUNAL DE COMMERCE DE SAINTES 167 - 403888597 RCS. COMPTOIR FRANCAIS COMMERCIAL. Forme : Société par actions simplifiée. Adresse : Fief Martin 17520 Saint-Ciers-Champagne. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
17/06/2007	Bodacc C	Avis de dépôt des comptes
1119 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme: SAS . Adresse du siège social: Fief Martin,Saint Ciers Champagne, 17520 Archiac. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
08/03/2007	Bodacc B	Modifications et mutations diverses
384 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme : S.A.S. Capital : 40 000 euros. Adresse du siège social : Fief Martin,, Saint-Ciers-Champagne, 17520 Administration : commissaire aux comptes titulaire : SOCIETE DE COMMISSARIAT AUX COMPTES ET DE REVISION DU CENTRE OUEST-SCORE. Commissaire aux comptes suppléant : FERRON (Pascal). Ancienne administration : président : PORTRON (Gérard). Etablissement principal - Adresse : 17 rue Turner, 16100 Date d'effet : 21 novembre 2006.
17/12/2006	Bodacc C	Avis de dépôt des comptes
556 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme: SAS . Adresse du siège social: Fief Martin,Saint Ciers Champagne, 17520 Archiac. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
25/05/2006	Bodacc B	Modifications et mutations diverses
0287 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme : S.A.S. Capital : 40 000 euros. Adresse du siège social : Fief Martin,, Saint-Ciers-Champagne, 17520 Administration : commissaire aux comptes titulaire : STE SCORE. Commissaire aux comptes suppléant : FERRON (Pascal). Etablissement principal - Adresse : 17 rue Turner, 16100 Commentaires : modification survenue sur la forme juridique. Ancienne : S.A.R.L. Date d'effet : 27 mars 2006.
16/05/2006	Bodacc C	Avis de dépôt des comptes
200 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme: S.A.R.L. . Adresse du siège social: Fief Martin,Saint Ciers Champagne, 17520 Archiac. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
13/03/2005	Bodacc C	Avis de dépôt des comptes
686 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme: S.A.R.L. . Adresse du siège social: Fief Martin,Saint Ciers Champagne, 17520 Archiac. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2001.
13/03/2005	Bodacc C	Avis de dépôt des comptes
688 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme: S.A.R.L. . Adresse du siège social: Fief Martin,Saint Ciers Champagne, 17520 Archiac. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
13/03/2005	Bodacc C	Avis de dépôt des comptes
687 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme: S.A.R.L. . Adresse du siège social: Fief Martin,Saint Ciers Champagne, 17520 Archiac. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2002.
09/02/2005	Bodacc B	Modifications et mutations diverses
244 - RCS Saintes B 403 888 597. RC 01-B 224. COMPTOIR FRANÇAIS COMMERCIAL. Forme : S.A.R.L. Capital : 40 000 euros. Adresse du siège social : Fief Martin,, Saint-Ciers-Champagne, 17520 Administration : gérant : PORTRON (Gérard). Nomination en qualité de commissaire aux comptes titulaire : STE DE COMMISSARIAT AUX COMPTES ET DE REVISION DU CENTRE OUEST-SCORE. Nomination en qualité de commissaire aux comptes suppléant : FERRON (Pascal). Etablissement principal - Adresse : 17 rue Turner, 16100 Date d'effet : 25 juin 2004.
04/09/2001	Bodacc B	Modifications et mutations diverses
RCS Saintes B 403888597 A dater du: 16 aout 2001 RC 01-B 224 COMPTOIR FRANCAIS COMMERCIAL. Forme : S.A.R.L. Capital : 40 000 euros. Adresse du siège social : Fief Martin, Saint-Ciers-Champagne 17520 Archiac. Administration : gérant : PORTRON (Gérard) Etablissement principal: Adresse : 38 rue Turner, 16100 Cognac. Commentaires : transfert du siège social. Ancienne adresse : 29 boulevard de la Croix-Chadenne, 16120 Chateauneuf-sur-Charente. Ancien capital : 100 000 F. Date d'effet : 31 mai 2001.

Company events history

Date	Description
23/09/2014	Bodacc B: Various editing or changing
17/09/2014	Update Rating
15/09/2014	Updated articles of association
15/09/2014	Amendment
15/09/2014	Change to corporate purpose
08/08/2014	Bodacc C : Deposit accounts notice
25/07/2014	Update Rating
25/07/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
15/10/2013	Update Rating
15/10/2013	Update Limit
05/09/2013	Bodacc C : Deposit accounts notice
03/09/2013	Update Limit
03/09/2013	Update Rating
03/09/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
01/11/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
28/09/2012	Bodacc C : Deposit accounts notice
09/01/2012	Bodacc C : Deposit accounts notice
07/01/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
11/07/2011	Requête et Ordonnance
11/07/2011	Application and court order
11/07/2011	Prorogation de durée
11/07/2011	Extension of term
31/12/2010	New accounts available
28/12/2010	Bodacc C : Deposit accounts notice
31/12/2009	New accounts available
07/08/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
24/09/2008	Bodacc C : Deposit accounts notice
31/12/2007	New accounts available
14/02/2007	Changement de Président (PDG, PCA)
14/02/2007	Acte modificatif
14/02/2007	Minutes of general meeting of shareholders
14/02/2007	Appointment/resignation of company officers
14/02/2007	Private document
31/12/2006	New accounts available
02/05/2006	New legal form – no new category
02/05/2006	Changement de Forme Juridique avec changement de catégorie
02/05/2006	Appointment/resignation of company officers
02/05/2006	Updated articles of association
02/05/2006	Statuts mis à jour
02/05/2006	Minutes of general meeting of shareholders
02/05/2006	PV d'Assemblée
02/05/2006	Private document
17/03/2006	Changement de Forme Juridique avec changement de catégorie
17/03/2006	Audit or Management Report
17/03/2006	Rapport des Commissaires ou du Gérant
17/03/2006	Private document
31/12/2005	New accounts available
19/01/2005	Changement de Commissaire aux Comptes
19/01/2005	Nomination/démission des organes de gestion
19/01/2005	Private document
19/01/2005	Appointment/resignation of company officers
19/01/2005	Acte sous seing privé
19/01/2005	PV d'Assemblée
19/01/2005	Minutes of general meeting of shareholders
31/12/2004	New accounts available
31/12/2003	New accounts available
20/08/2001	Acte sous seing privé
20/08/2001	Cession de parts
16/08/2001	Augmentation de Capital
16/08/2001	Statuts mis à jour
16/08/2001	PV d'Assemblée
16/08/2001	Transfert du Siège dans le ressort du Tribunal de Commerce
16/08/2001	Immatriculation suite à transfert
16/08/2001	Conversion du Capital Social en Euros
16/08/2001	Acte sous seing privé
11/10/2000	PV d'Assemblée
11/10/2000	Acte sous seing privé
11/10/2000	Reconstitution de l'Actif Net
11/10/2000	Acte modificatif
11/10/1999	Continuation malgré perte supérieure à la moitié du capital
11/10/1999	Acte sous seing privé
11/10/1999	PV d'Assemblée
08/12/1997	Statuts mis à jour
08/12/1997	Changement de date de clôture
08/12/1997	Acte sous seing privé
08/12/1997	PV d'Assemblée
20/02/1996	Formation de Société
20/02/1996	Statuts
20/02/1996	Acte sous seing privé

Establishment events history

Date	Description
27/06/2014	Modification of Head office
27/03/2006	Modification of Establishment Activity

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.78
UK Pound	1	Rs.96.78
Euro	1	Rs.76.59

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.