MIRA INFORM REPORT

Report Date :

24.11.2014

IDENTIFICATION DETAILS

Name :	H.ROESINGER & PARTNER
Registered Office :	6 Rue De L Hotel De Ville 68330 Huningue
Country :	France
Financials (as on) :	31.12.2012
Date of Incorporation :	December 1992
Com. Reg. No.:	9 389 452 798
Legal Form :	Sole proprietorship Ltd
Line of Business :	Other intermediaries in the sale of various products [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employees :	06

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – 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

Company name

H.ROESINGER & PARTNER

company summary

		EUR VAT Number	FR02389452798
Activity (APE)	Other intermediaries in the sale of various products (	Legal form	Sole proprietorship Ltd
Phone	03 89 70 93 00	RCS Registration	RCS Mulhouse 9 389 452 798
Fax	03 89 70 93 00	Share capital	18,649 Euros
Address	H.ROESINGER & PARTNER 6 RUE DE L HOTEL DE VILLE 68330 HUNINGUE	Incorporated Date	12/1992
Nationality	France	Status	Economically active

Company details

Activity (APE)	Other intermediaries in the sale of various products (
RCS Registration	RCS Mulhouse 9 389 452 798	Share capital	18,649 Euros
Registration Court	Mulhouse (68)	Legal form	Sole proprietorship Ltd
Court Registry Number	19 9 2B00624	EUR VAT Number	FR02389452798
Incorporation Date	12/1992	Formation Date	12/1992
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Other intermediaries in the sale of various products (	Business Pages FT®	IMPORT-EXPORT, SOCIETES DE COMMERCE INTERNATIONAL
Postal Address	H.ROESINGER & PARTNER 6 RUE DE L HOTEL DE VILLE 68330 HUNINGUE	Trading Address	6 RUE DE L HOTEL DE VILLE 68330 HUNINGUE
Telephone	03 89 70 93 00
Fax	03 89 70 93 00

Type	Head office (one site company)	Status	Economically active
Formation Date	12/1992	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Haut-Rhin (68)	Region	Alsace
District	4	Area	11
City	HUNINGUE	Size of urban area

DIRECTORS/MANAGEMENT

Current Directors

1

Directors

Name	ROESINGER DIRK
Manager position	Manager	Date of birth	14/08/1979
Place of birth	LORRACH
Type	Individual	Name at birth

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

SHARE & SHARE CAPITAL INFORMATION

Shareholders

No Shareholders available for this company

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Branches

1 branch entities in this company

Group data

Group Structure

No group information available for the company

Linkages

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
27/01/2014	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3882 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
18/07/2013	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3304 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
23/12/2012	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 1326 - 389 452 798 RCS Mulhouse. H ROESINGER ET PARTNER. Forme : SARL. Capital : 250000 EUR. Activité : . Commentaires : modification survenue sur le capital.
18/10/2012	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 618 - 389 452 798 RCS Mulhouse. H ROESINGER ET PARTNER. Forme : S.A.R.L. Administration : gérant : ROSINGER (Dirk, Marco) ; commissaire aux comptes titulaire : ALSACE CONSEILS (SARL) ; commissaire aux comptes suppléant : MESCHBERGER (Yannick). Activité : . Commentaires : modification survenue sur l'administration.
12/10/2012	JAL	Modification of the share capital
Paysan du Haut Rhin (Le) Date de décision : 04/07/2012 La société : 389452798 - H.ROESINGER & PARTNER, 6 RUE DE L HOTEL DE VILLE, 68330 HUNINGUE a subi une augmentation de son capital social désormais de 250 000 € Date d'effet : 04/07/2012
05/08/2012	JAL	Appointment of the social representative
Journal des ménagères (Le) Date de décision : 17/07/2012 Société faisant l'objet d'une nomination : 389452798 - H.ROESINGER & PARTNER, 6 RUE DE L HOTEL DE VILLE, 68330 HUNINGUE Nominé : Monsieur Dirk ROESINGER, 68330 HUNINGUE En la fonction de : Gérant
05/08/2012	JAL	Resignation / Revocation of the social representative
Journal des ménagères (Le) Date de décision : 17/07/2012 La société 389452798 - H.ROESINGER & PARTNER, 6 RUE DE L HOTEL DE VILLE, 68330 HUNINGUE Fait l'objet du départ de Monsieur Horst ROESINGER
14/03/2012	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3261 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
14/03/2012	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3258 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2003.
14/03/2012	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3264 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
14/03/2012	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3260 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
14/03/2012	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3259 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2006.
14/03/2012	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3263 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
14/03/2012	Bodacc C	Comptes annuels et rapports
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 3262 - 389452798 RCS. H. ROESINGER ET PARTNER. Forme : S.A.R.L.. Adresse : résidence Vauban, 6, rue de l'Hôtel-de-Ville 68330 Huningue. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
19/02/2012	Bodacc B	Modification et mutation diverse
68 - HAUT-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE MULHOUSE 583 - 389 452 798 RCS Mulhouse. H ROESINGER ET PARTNER. Forme : S.A.R.L. Administration : gérant : ROESINGER (Horst, Jurgen) ; commissaire aux comptes titulaire : ALSACE CONSEILS (SARL) ; commissaire aux comptes suppléant : MESCHBERGER (Yannick). Activité : . Commentaires : modification survenue sur l'administration.
05/10/2007	Bodacc C	Avis de dépôt des comptes
1929 - Mulhouse B 389 452 798. H. ROESINGER ET PARTNER. Forme: S.A.R.L.. Adresse du siège social: résidence Vauban, 6, rue de l'Hôtel-de-Ville68330 Huningue. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
05/10/2007	Bodacc C	Avis de dépôt des comptes
1930 - Mulhouse B 389 452 798. H. ROESINGER ET PARTNER. Forme: S.A.R.L.. Adresse du siège social: résidence Vauban, 6, rue de l'Hôtel-de-Ville68330 Huningue. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
03/01/2005	Bodacc C	Avis de dépôt des comptes
2503 - RCS Mulhouse B 389 452 798. H. ROESINGER ET PARTNER. Forme: S.A.R.L.. Adresse du siège social: résidence Vauban, 6, rue de l'Hôtel-de-Ville68330 Huningue. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2003.
04/04/2003	Bodacc B	Modifications et mutations diverses
Ancienne situation du siège social. RCS Mulhouse 389452798 RC 92-B 624 H. ROESINGER ET PARTNER. Forme : S.A.R.L. Capital : 7 622,45 euros. Adresse : résidence Vauban, 6 rue de l'Hotel-de- Ville, 68330 Huningue Nouvelle situation du siège social. Capital : 18 648,97 euros. Date d'effet : 23 décembre 2002.

FINANCIAL INFORMATION

Trading to Date	12/31/2012	12/31/2010	12/31/2009
	Turnover	15,572,298 €	8,234,448 €	3,288,428 €
	Gross Operating Surplus	3.32 % Turnover	6.26 % Turnover	6.35 % Turnover
	Shareholders’ equity	1,290,265 €	613,309 €	286,333 €
	Net result	299,211 €	326,972 €	2,923 €

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012	31/12/2010	31/12/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	16/04/2014	22/02/2012	22/02/2012
Activity Code	4619B	4619B	4619B
Employees	6	0	0

Active account

Annual Accounts	31/12/2012		31/12/2010		31/12/2009	Sector Median2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	227,222	27.6%	178,017	55.2%	114,706	3,725	5999.9%
- Intangible assets	0	0%	03	0%	0	0	0%
- Tangible assets	225,460	27.9%	176,254	56.1%	112,946	1,021	21982.3%
- Financial assets	1,761	0.1%	1,760	0%	1,760	0	0%
Net current assets	5,766,423	152.0%	2,288,462	127.7%	1,004,927	59,794	9543.8%
- Stocks	3,791,332	478.3%	655,580	70.8%	383,907	0	0%
- Advanced payments	583,315	152.0%	973,385	1148.3%	77,974	0	0%
- Receivables	537,445	-2.9%	553,248	18.0%	468,692	20,800	2483.9%
- Securities and cash	854,331	704.1%	106,246	42.9%	74,354	16,504	5076.5%
- Prepaid expenses	-	-	-	-	-	0	-
Accounts of regularization	0	0%	0	0%	0	0	0%
Total Assets	5,993,645	143.0%	2,466,479	120.3%	1,119,633	81,004	7299.2%

Passive Account

Annual Accounts	31/12/2012		31/12/2010		31/12/2009	Sector Median2012
Shareholders' equity	1,290,265	110.4%	613,309	114.2%	286,333	27,152	4652.0%
Share capital	250,000	1240.6%	18,648	0%	18,648	7,622	3180.0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	17,584	-91.6%	209,647	121.5%	94,654	0	0%
Liabilities	4,685,795	185.1%	1,643,522	122.5%	738,644	42,365	10960.5%
- Financial liabilities	384,879	149.7%	154,108	-47.7%	294,743	2,342	16333.8%
- Advanced payments received	1,200,489	63.2%	735,762	326.3%	172,608	0	0%
- Trade account payables	2,907,284	537.4%	456,110	167.7%	170,356	4,940	58751.9%
- Tax and social liabilities	162,856	-41.5%	278,362	243.9%	80,951	14,583	1016.8%
- Other debts and fixed assets liabilities	30,287	57.9%	19,178	-4.0%	19,986	3,097	877.9%
Account regularization	0	0%	0	0%	0	0	0%
Total liabilities	5,993,644	143.0%	2,466,479	120.3%	1,119,631	81,005	7299.1%

Results

Annual Accounts	31/12/2012		31/12/2010		31/12/2009	Sector Median2012
Sales of Goods	15,622,932	88.8%	8,276,137	151.0%	3,296,956	111,677	13889.4%
Net turnover	15,572,298	89.1%	8,234,448	150.4%	3,288,428	110,107	14042.9%
- of which net export turnover	14,740,580	79.0%	8,234,448	150.4%	3,288,428	0	0%
Operating charges	15,146,258	95.6%	7,745,309	142.7%	3,191,926	97,701	15402.7%
Operating profit/loss	476,674	-10.2%	530,828	405.4%	105,030	5,520	8535.4%
Financial income	4,024	-40.7%	6,781	1.0%	6,715	0	0%
Financial charges	10,070	13.6%	8,861	-14.7%	10,392	19	52900%
Financial profit/loss	-6,046	-190.7%	-2,080	43.4%	-3,676	0	0%
Pretax net operating income	470,628	-11.0%	528,747	421.7%	101,353	5,568	8352.4%
Extraordinary income	89,840	148.5%	36,158	0%	0	0	0%
Extraordinary charges	94,249	-35.8%	146,838	53.2%	95,836	0	0%
Extraordinary profit/loss	-4,409	96.0%	-110,679	-15.5%	-95,836	0	0%
Net result	299,211	-8.5%	326,972	11086.2%	2,923	5,044	5832.0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2012	31/12/2010	31/12/2009
Months	12	12	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2012		31/12/2010		31/12/2009
	Grand Total (I to VI)	Net	5,993,645	143.0%	2,466,479	120.3%	1,119,633
	Gross	CO	6,299,581	139.0%	2,636,226	107.2%	1,272,356
	Amortisation	1A	305,936	80.2%	169,747	11.1%	152,723

Non declared distributed capital (I)

		31/12/2012		31/12/2010		31/12/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

			31/12/2012		31/12/2010		31/12/2009
	Total Active fixed asset (II)	Net	227,222	27.6%	178,017	55.2%	114,706
	Gross	BJ	361,944	46.1%	247,677	42.8%	173,429
	Amortisation	BK	134,722	93.4%	69,660	18.6%	58,723

Intangilble fixed assets

			31/12/2012		31/12/2010		31/12/2009
	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%	03	0%	0
	Gross	AF	13,405	0.0%	13,408	0.0%	13,405
	Amortisation	AG	13,405	0.0%	13,406	0.0%	13,405
	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	0	0%	03	0%	0

Tangilble fixed assets

			31/12/2012		31/12/2010		31/12/2009
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	54,920	-12.7%	62,907	-6.0%	66,901
	Gross	AP	82,339	0%	82,339	0%	82,339
	Amortisation	AQ	27,419	41.1%	19,431	25.9%	15,438
	Plant	Net	1,733	-73.2%	6,458	-34.7%	9,883
	Gross	AR	23,703	0.0%	23,702	0%	23,702
	Amortisation	AS	21,969	27.4%	17,244	24.8%	13,819
	Other tangible fixed assets	Net	159,189	63.7%	97,272	266.4%	26,545
	Gross	AT	231,118	97.8%	116,851	174.3%	42,606
	Amortisation	AU	71,929	267.4%	19,579	21.9%	16,061
	Fixed assets in construction	Net	9,618	0.0%	9,617	0%	9,617
	Gross	AV	9,618	0.0%	9,617	0%	9,617
	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	225,460		176,254		112,946

Financial assets

			31/12/2012		31/12/2010		31/12/2009
	Associates at equity	Net	0	0%	0	0%	0
	Gross	CS	0	0%	0	0%	0
	Amortisation	CT	0	0%	0	0%	0
	Other participations	Net	0	0%	0	0%	0
	Gross	CU	0	0%	0	0%	0
	Amortisation	CV	0	0%	0	0%	0
	Inter-company receivables	Net	0	0%	0	0%	0
	Gross	BB	0	0%	0	0%	0
	Amortisation	BC	0	0%	0	0%	0
	Other investment securities	Net	0	0%	0	0%	0
	Gross	BD	0	0%	0	0%	0
	Amortisation	BE	0	0%	0	0%	0
	Loans	Net	0	0%	0	0%	0
	Gross	BF	0	0%	0	0%	0
	Amortisation	BG	0		0		0
	Other financial assets	Net	1,761	0.1%	1,760	0%	1,760
	Gross	BH	1,761	0.1%	1,760	0%	1,760
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		1,761		1,760		1,760

Current Assets (III)

			31/12/2012		31/12/2010		31/12/2009
	Total Assets	Net	5,766,423	152.0%	2,288,462	127.7%	1,004,927
	Gross	CJ	5,937,637	148.6%	2,388,549	117.4%	1,098,927
	Amortisation	CK	171,214	71.1%	100,087	6.5%	94,000

Stocks

			31/12/2012		31/12/2010		31/12/2009
	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	3,791,332	478.3%	655,580	70.8%	383,907
	Gross	BT	3,891,332	493.6%	655,580	70.8%	383,907
	Amortisation	BU	100,000	0%	0	0%	0
	Sub Total Stocks	Net	3,791,332	478.3%	655,580	70.8%	383,907

Advance payments to suppliers

			31/12/2012		31/12/2010		31/12/2009
	Advance payments to suppliers	Net	583,315	-40.1%	973,385	1148.3%	77,974
	Gross	BV	583,315	-40.1%	973,385	1148.3%	77,974
	Amortisation	BW	0	0%	0	0%	0

Debtors

			31/12/2012		31/12/2010		31/12/2009
	Trade accounts receivable	Net	129,110	-17.8%	157,146	-53.6%	338,734
	Gross	BX	196,197	-23.7%	257,233	-40.6%	432,734
	Amortisation	BY	67,087	-33.0%	100,087	6.5%	94,000
	Other debtors	Net	403,080	1.8%	396,102	204.8%	129,958
	Gross	BZ	407,207	2.8%	396,102	204.8%	129,958
	Amortisation	CA	4,127	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	532,190	-3.8%	553,248	18.0%	468,692

Divers

			31/12/2012		31/12/2010		31/12/2009
	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	854,331	704.1%	106,246	42.9%	74,354
	Gross	CF	854,331	704.1%	106,246	42.9%	74,354
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	854,331	704.1%	106,246	42.9%	74,354

Prepaid expenses

			31/12/2012		31/12/2010		31/12/2009
	Prepaid expenses	Net	5,255	0%	0	0%	0
	Gross	CH	5,255	0%	0	0%	0
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2012		31/12/2010		31/12/2009
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0
Gross		0	0%	0	0%	0

References

		31/12/2012		31/12/2010		31/12/2009
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	39,915	18.0%	33,828

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2012		31/12/2010		31/12/2009
Grand Total (I to V)	EE	5,993,644	143.0%	2,466,479	120.3%	1,119,631

Shareholder Equity (I)

			31/12/2012		31/12/2010		31/12/2009
	Total shareholders' equity (Total I)	DL	1,290,265	110.4%	613,309	114.2%	286,333
	Equity and shareholders' equity	DA	250,000	1240.6%	18,648	0%	18,648
	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	25,000	1241.2%	1,864	0%	1,864
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	0	0%	0	0%	0
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	112,961	0%	112,961
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	716,054	368.4%	152,860	1.9%	149,937
	Profit or loss for the period	DI	299,211	-8.5%	326,972	11086.2%	2,923
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			31/12/2012		31/12/2010		31/12/2009
	Total other capital resources (Total II)	DO	0	0%	0	0%	0
	Income from participating securities	DM	0	0%	0	0%	0
	Conditional loans	DN	0	0%	0	0%	0

Provisions for risks and charges (III)

			31/12/2012		31/12/2010		31/12/2009
	Total provisions for risks and charges (Total III)	DR	17,584	-91.6%	209,647	121.5%	94,654
	Risk provisions	DP	16,000	-92.4%	209,647	121.5%	94,654
	Reserves for charges	DQ	1,584	0%	0	0%	0

Liabilities (IV)

			31/12/2012		31/12/2010		31/12/2009
	Total Liabilities (Total IV)	EC	4,685,795	185.1%	1,643,522	122.5%	738,644
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	381,394	153.2%	150,609	-48.7%	293,822
	Sundry loans and financial liabilities	DV	3,485	-0.4%	3,499	279.9%	921
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	1,200,489	63.2%	735,762	326.3%	172,608
	Trade accounts payables	DX	2,907,284	537.4%	456,110	167.7%	170,356
	Tax and social security liabilities	DY	162,856	-41.5%	278,362	243.9%	80,951
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	30,287	57.9%	19,178	-4.0%	19,986

Translation loss (V)

		31/12/2012		31/12/2010		31/12/2009
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		31/12/2012		31/12/2010		31/12/2009
Deferred income	EB	0	0%	0	0%	0

References

		31/12/2012		31/12/2010		31/12/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	4,685,795	416.2%	907,759	60.4%	566,040
Of which current bank facilities	EH	381,394	153.2%	150,609	-48.7%	293,822

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result(I-II)

		31/12/2012		31/12/2010		31/12/2009
Operating result (Total I-II)	GG	476,674	-10.2%	530,828	405.4%	105,030

2 -Financial result(V - VI)

		31/12/2012		31/12/2010		31/12/2009
Financial result (Total V-VI)	GV	-6,046	-190.7%	-2,080	43.4%	-3,676

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

		31/12/2012		31/12/2010		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	470,628	-11.0%	528,747	421.7%	101,353

4 -Extraordinary result(VII-VIII)

		31/12/2012		31/12/2010		31/12/2009
Extraordinary result (Total VII-VIII)	HI	-4,409	96.0%	-110,679	-15.5%	-95,836

Profit or loss

		31/12/2012		31/12/2010		31/12/2009
Profit or loss	HN	299,211	-8.5%	326,972	11086.2%	2,923

Total Income (I+III+V+VII)

		31/12/2012		31/12/2010		31/12/2009
Total Income (I+III+V+VII)	HL	15,716,796	88.9%	8,319,077	151.8%	3,303,671

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

		31/12/2012		31/12/2010		31/12/2009
Total charges (Total II+IV+VI+VIII+IX+X)	HM	15,417,584	92.9%	7,992,104	142.1%	3,300,748

Operating income(I)

		31/12/2012		31/12/2010		31/12/2009
Total operating income (Total I)	FR	15,622,932	88.8%	8,276,137	151.0%	3,296,956

Operating income (details)

			31/12/2012		31/12/2010		31/12/2009
	Sale of goods for resale	FC	15,466,780	90.0%	8,140,476	149.3%	3,265,927
	France	FA	726,200	0%	0	0%	0
	Export	FB	14,740,580	81.1%	8,140,476	149.3%	3,265,927
	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	105,518	12.3%	93,972	317.6%	22,501
	France	FG	105,518	0%	0	0%	0
	Export	FH	0	0%	93,972	317.6%	22,501
	Net turnover	FL	15,572,298	89.1%	8,234,448	150.4%	3,288,428
	France	FJ	831,718	0%	0	0%	0
	Export	FK	14,740,580	79.0%	8,234,448	150.4%	3,288,428
	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	50,249	21.2%	41,463	455.4%	7,466
	Other income	FQ	385	71.1%	225	-78.8%	1,061

Operating charges(II)

		31/12/2012		31/12/2010		31/12/2009
Total operating charges (Total II)	GF	15,146,258	95.6%	7,745,309	142.7%	3,191,926

Exploitation charges

		31/12/2012		31/12/2010		31/12/2009
Purchase of goods for resale	FS	11,179,875	91.3%	5,843,447	165.2%	2,203,117
Change in stocks of goods for resale	FT	1,064,100	224.3%	328,107	54.7%	212,150
Purchase of raw materials	FU	16,656	286.1%	4,314	76.6%	2,443
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	2,475,538	79.3%	1,380,891	148.6%	555,358
Tax, duty and similar payments	FX	54,405	56.3%	34,806	67.8%	20,747
Payroll	FY	199,952	122.3%	89,933	31.2%	68,560
Social security costs	FZ	64,610	72.5%	37,453	115.7%	17,360

Depreciation

		31/12/2012		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	49,455	144.6%	20,219	12.1%	18,030
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	5,711	-6.2%	6,087	-93.5%	94,000
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		31/12/2012		31/12/2010		31/12/2009
Other charges	GE	35,956	74808.3%	48	-69.8%	159

Operating charges (III-IV)

		31/12/2012		31/12/2010		31/12/2009
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income(V)

		31/12/2012		31/12/2010		31/12/2009
Total financial income (Total V)	GP	4,024	-40.7%	6,781	1.0%	6,715
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	37	3600%	01	-88.9%	09
Released provisions and transferred charges	GM	0	0%	0	0%	0
Exchange gains	GN	3,987	-41.2%	6,779	1.1%	6,706
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2012		31/12/2010		31/12/2009
	Total financial charge (Total VI)	GU	10,070	13.6%	8,861	-14.7%	10,392
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	3,480	14.8%	3,031	-60.9%	7,759
	Exchange losses	GS	6,590	13.0%	5,830	121.5%	2,632
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			31/12/2012		31/12/2010		31/12/2009
	Total extraordinary income (Total VII)	HD	89,840	148.5%	36,158	0%	0
	Extraordinary operating income	HA	0	0%	0	0%	0
	Extraordinary income from capital transactions	HB	35,627	-1.5%	36,158	0%	0
	Released provisions and transferred charges	HC	54,213	0%	0	0%	0

Extraordinary charges(VIII)

			31/12/2012		31/12/2010		31/12/2009
	Total extraordinary charges (Total VIII)	HH	94,249	-35.8%	146,838	53.2%	95,836
	Extraordinary operating charges	HE	10,000	521.5%	1,609	183.3%	568
	Extraordinary charges from capital transactions	HF	68,249	125.7%	30,235	4832.3%	613
	Extraordinary reserves and provisions	HG	16,000	-86.1%	114,993	21.5%	94,654

Employee profit sharing(IX)

		31/12/2012		31/12/2010		31/12/2009
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits(X)

		31/12/2012		31/12/2010		31/12/2009
Tax on profits (Total X)	HK	167,008	83.3%	91,096	3411.8%	2,594

References

		31/12/2012		31/12/2010		31/12/2009
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	17,249	-58.4%	41,463	3789.6%	1,066
Of which trader's own contributions	A2	9,266	9.6%	8,455	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	1,449	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2012		31/12/2010		31/12/2009
	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%	29,008	0%	0
	Gross value at the end of period	OL	0	0%	247,678	42.8%	173,430

Research and development Charge (Total I)

			31/12/2012		31/12/2010		31/12/2009
	Gross value at begin of period	CZ	0	0%	0	0%	0
	Increasess due to revaluation	KB	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
	Decreasess by budget item transfer	C01	0	0%	0	0%	0
	Decreasess by transfers	C02	0	0%	0	0%	0
	Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets(Total II)

			31/12/2012		31/12/2010		31/12/2009
	Gross value at begin of period	KD	0	0%	13,405	0%	13,405
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	0	0%	0	0%	0
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	0	0%	0
	Gross value at the end of period	LW	0	0%	13,405	0%	13,405

Tangible fixed assets (Total III)

			31/12/2012		31/12/2010		31/12/2009
	Gross value at begin of period	LN	0	0%	158,267	1.8%	155,405
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	0	0%	103,253	3511.5%	2,859
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	29,008	0%	0
	Gross value at the end of period	NH	0	0%	232,512	46.9%	158,264

Fiancial assets (Total IV)

			31/12/2012		31/12/2010		31/12/2009
	Gross value at begin of period	LQ	0	0%	1,761	0%	1,761
	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	0	0%	1,761	0%	1,761

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

			31/12/2012		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2012		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2012		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	PE	0	0%	13,405	0%	13,405
Increases		PF	0	0%	0	0%	0
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	0	0%	13,405	0%	13,405

Total fixed assets amotisation(Total III)

			31/12/2012		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	0	0%	45,318	66.1%	27,289
Increases		QV	0	0%	20,220	12.1%	18,031
Decreases		QW	0	0%	9,283	0%	0
	Decreasess by budget item transfer	QX	0	0%	56,255	24.1%	45,320

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			31/12/2012		31/12/2010		31/12/2009
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2012		31/12/2010		31/12/2009
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2012		31/12/2010		31/12/2009
	Value at begining of period	7C	0	0%	0	0%	0
Increases		UB	0	0%	0	0%	0
Decreases		UC	0	0%	0	0%	0
	Value at the end of period	UD	0	0%	0	0%	0

Includes Total allocations

Operating	UE	0	0%	0	0%	0
Financial	UG	0	0%	0	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	0	0%	0	0%	0
Financial	UH	0	0%	0	0%	0
Exceptional	UK	0	0%	0	0%	0

Total regulated provisions (Total I)

			31/12/2012		31/12/2010		31/12/2009
	Value at begining of period	3Z	0	0%	0	0%	0
Increases		TS	0	0%	0	0%	0
Decreases		TT	0	0%	0	0%	0
	Value at the end of period	TU	0	0%	0	0%	0

Total risk and charge provisions (Total II)

			31/12/2012		31/12/2010		31/12/2009
	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)

			31/12/2012		31/12/2010		31/12/2009
	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

		31/12/2012		31/12/2010		31/12/2009
Gross value	VT	0	0%	0	0%	0
1 year at most	VU	0	0%	0	0%	0
More than one year	VV	0	0%	0	0%	0

State of loans

		31/12/2012		31/12/2010		31/12/2009
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	0	0%	0	0%	0
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2012		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	0	0%	0	0%	0
Other claims customer	UX	0	0%	0	0%	0
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	0	0%	0	0%	0
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	0	0%	0	0%	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0	0%	0	0%	0

Prepaid

		31/12/2012		31/12/2010		31/12/2009
Prepaid	VS	0	0%	0	0%	0

State Debt

			31/12/2012		31/12/2010		31/12/2009
	Total debt (gross)	VY	0	0%	0	0%	0
1 year at most		VZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2012		31/12/2010		31/12/2009
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	0	0%	0
1 year at most		VG2	0	0%	0	0%	0
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	0	0%	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	0	0%	0	0%	0
1 year at most		8B2	0	0%	0	0%	0
More than 1 year and 5 years at most		8B3	0	0%	0	0%	0
	Personnel and associated accounts (gross)	8C1	0	0%	0	0%	0
1 year at most		8C2	0	0%	0	0%	0
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	0	0%	0	0%	0
1 year at most		8D2	0	0%	0	0%	0
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	0	0%	0	0%	0
1 year at most		VW2	0	0%	0	0%	0
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	0	0%	0	0%	0
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	0	0%	0	0%	0
1 year at most		VI2	0	0%	0	0%	0
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	0	0%	0	0%	0
1 year at most		8K2	0	0%	0	0%	0
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	0	0%	0	0%	0
1 year at most		8L2	0	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2012		31/12/2010		31/12/2009
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	0

Table allocation results and other information
Dividends distributed

		31/12/2012		31/12/2010		31/12/2009
Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2012		31/12/2010		31/12/2009
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2012		31/12/2010		31/12/2009
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

		31/12/2012		31/12/2010		31/12/2009
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

		31/12/2012		31/12/2010		31/12/2009
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

		31/12/2012		31/12/2010		31/12/2009
Average number of employees	YP	06	0%	0	0%	0

Groups and Shareholders

		31/12/2012		31/12/2010		31/12/2009
Groups and Shareholders	ZR	0	-	0	-	-

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2012		31/12/2010		31/12/2009	Sector Median2012
Fixed Asset Financing		4	10.5%	3.62	42.5%	2.54	2.71	47.6%
Global Debt		108days	50.0%	72days	-11.1%	81days	119days	-9.2%
Working Capital Fund overall net		25days	-10.7%	28days	-3.4%	29days	74days	-66.2%
Financial independence		335.24%	-15.8%	397.97%	309.6%	97.15%	135.26%	147.8%
More ratios
Solvability		21.53%	-13.4%	24.87%	-2.7%	25.57%	37.90%	-43.2%
Capacity debt futures		%	-	%	-	%	1145.70%	-
Coverage of current assets by net working capital overall		18.27%	-32.7%	27.15%	11.7%	24.31%	44.63%	-59.1%
General Liquidity			-		-		0.64	-
Restricted Liquidity			-		-		1.32	-

Management or rotation

		31/12/2012		31/12/2010		31/12/2009	Sector Median2012
Need background in operating working capital		14days	-53.3%	30days	-43.4%	53days	2days	600%
Treasury		11days	650.0%	-2days	91.7%	-24days	5days	120.0%
Inventory turnover of goods		114days	200%	38days	-33.3%	57days	14days	714.3%
Average length of credit granted to customers		5days	-54.5%	11days	-76.6%	47days	47days	-89.4%
Average length of credit obtained suppliers		71days	222.7%	22days	4.8%	21days	37days	91.9%
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	1342.50days	-
Rotation tangible assets		%	-	3541.52%	70.4%	2077.81%	1890.44%	-

Profitability of the business

		31/12/2012		31/12/2010		31/12/2009	Sector Median2012
Margin trading		20.70%	-13.4%	23.91%	-7.6%	25.87	0%	0%
Profitability of the business		3.32	-47.0%	6.26	-1.4%	6.35	5.94%	-44.1%
Net profit		1.92%	-51.6%	3.97%	4311.1%	0.09%	3.91%	-50.9%
More ratios
Growth rate of turnover (excluding VAT)		89.11%	-40.8%	150.41%	1187.8%	11.68%	0%	0%
Rates integration		5.37%	-34.8%	8.23%	-14.2%	9.59%	36.71%	-85.4%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		30.53%	74.0%	17.55%	-35.6%	27.25%	59.55%	-48.7%
Weight interests		0.06	-45.5%	0.11%	-65.6%	0.32%	0.02%	200%

Return on capital

		31/12/2012		31/12/2010		31/12/2009	Sector Median2012
Cash flow from the overall profitability		2.55%	-54.0%	5.54%	56.9%	3.53%	5.46%	-53.3%
Rates of economic profitability		31%	-53.7%	67%	86.1%	36%	21%	47.6%
Financial profitability		1290265%	110.4%	613309%	114.2%	286333%	1472%	87553.9%
Return on investment		18.46%	-57.8%	43.76%	1810.9%	2.29%	16.62%	11.1%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012		31/12/2010		31/12/2009	Sector Median2012
Turnover	15,572,298	89.1%	8,234,448	150.4%	3,288,428	110,107 €	14042.9%

Sales of goods	15,466,780	90.0%	8,140,476	149.3%	3,265,927
- Purchase of goods	11,179,875	91.3%	5,843,447	165.2%	2,203,117
+/- Stock of goods variation	1,064,100	224.3%	328,107	54.7%	212,150
Trading margin	3,222,805 €	63.7%	1,968,922 €	131.5%	850,660 €	0 €	0%
	20.70 % CA	-13.4%	23.91 % CA	-7.6%	25.87 % CA	1.10 % CA	1781.8%

Sale of goods produced	105,518	12.3%	93,972	317.6%	22,501
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	105,518 €	12.3%	93,972 €	317.6%	22,501 €	53,219 €	98.3%
	0.68 % CA	-40.4%	1.14 % CA	67.6%	0.68 % CA	100 % CA	-99.3%

Trading margin	3,222,805	63.7%	1,968,922	131.5%	850,660	0	0%
+ Period Production	105,518	12.3%	93,972	317.6%	22,501	53,219	98.3%
- Purchase of raw materials	16,656	286.1%	4,314	76.6%	2,443
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	2,475,538	79.3%	1,380,891	148.6%	555,358
Added value	836,129 €	23.4%	677,689 €	114.9%	315,360 €	41,232 €	1927.9%
	5.37 % CA	-34.8%	8.23 % CA	-14.2%	9.59 % CA	36.71 % CA	-85.4%

Added value	836,129 €	23.4%	677,689 €	114.9%	315,360 €	41,232 €	1927.9%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	54,405	56.3%	34,806	67.8%	20,747
- Personal charges	264,562	107.7%	127,386	48.3%	85,920
Gross operating surplus	517,162 €	0.3%	515,497 €	147.0%	208,693 €	7,058 €	7227.3%
	3.32 % CA	-47.0%	6.26 % CA	-1.4%	6.35 % CA	5.94 % CA	-44.1%

Gross operating surplus	517,162 €	0.3%	515,497 €	147.0%	208,693 €	7,058 €	7227.3%
+ Release of reserves and provisions	50,249	21.2%	41,463	455.4%	7,466
+ Other operating income	385	71.1%	225	-78.8%	1,061
- Depreciation/Amortisation	55,166	109.7%	26,306	-76.5%	112,030
- Other charges	35,956	74808.3%	48	-69.8%	159
Operating result	476,674 €	-10.2%	530,831 €	405.4%	105,031 €	5,556 €	8479.4%
	3.06 % CA	-52.6%	6.45 % CA	102.2%	3.19 % CA	4.64 % CA	-34.1%

Operating result	476,674 €	-10.2%	530,831 €	405.4%	105,031 €	5,556 €	8479.4%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	4,024	-40.7%	6,781	1.0%	6,715
- Financial charges	10,070	13.6%	8,861	-14.7%	10,392
Pre-tax result	470,628 €	-11.0%	528,751 €	421.7%	101,354 €	5,588 €	8322.1%
	3.02 % CA	-53.0%	6.42 % CA	108.4%	3.08 % CA	4.47 % CA	-32.4%

Extraordinary income	89,840	148.5%	36,158	0%	0	0	0%
- Extraordinary charges	94,249	-35.8%	146,838	53.2%	95,836
Extraordinary result	-4,409 €	96.0%	-110,680 €	-15.5%	-95,836 €	0 €	0%
	-0.03 % CA	97.8%	-1.34 % CA	54.0%	-3 % CA	0 % CA	0%

Pre-tax result	470,628 €	-11.0%	528,751 €	421.7%	101,354 €	5,588 €	8322.1%
Extraordinary result	-4,409 €	96.0%	-110,680 €	-15.5%	-95,836 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	167,008	83.3%	91,096	3411.8%	2,594
Net result	299,211 €	-8.5%	326,975 €	11082.5%	2,924 €	5,045 €	5830.8%
	1.92 % CA	-51.6%	3.97 % CA	4311.1%	0.09 % CA	3.93 % CA	-51.1%

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

This company is not under monitoring

Employees

1 or 2 employees

-

-

Other establishments

Head office	> H.ROESINGER & PARTNER <<<  - Autres intermédiaires du commerce en produits divers (4619B)  in HUNINGUE   (68330)
	Secondary establishments

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

Workforces

Workforce at address

1 or 2 employees

Company workforce

1 or 2 employees

Linkages

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Company events history

Date	Description
17/04/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/01/2014	Bodacc C : Deposit accounts notice
18/07/2013	Bodacc C : Deposit accounts notice
31/12/2012	New accounts available
23/12/2012	Bodacc B: Various editing or changing
24/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/10/2012	Bodacc B: Various editing or changing
21/08/2012	Appointment/resignation of company officers
21/08/2012	Private document
21/08/2012	New manager
05/08/2012	Legal Gazette: Resignation / Revocation of the social representative
17/07/2012	Legal Gazette: Appointment of the social representative
04/07/2012	Other modification of Establishment
04/07/2012	Legal Gazette: Modification of the share capital
14/03/2012	Bodacc C : Deposit accounts notice
25/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
22/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
19/02/2012	Bodacc B: Various editing or changing
16/12/2011	Appointment/resignation of company officers
16/12/2011	Minutes of general meeting of shareholders
17/05/2011	Updated articles of association
17/05/2011	Private document
31/03/2011	Sale of shares
31/03/2011	Amendment
31/03/2011	Private document
31/12/2010	New accounts available
31/12/2009	New accounts available
31/12/2008	New accounts available
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
31/12/2004	New accounts available
31/12/2003	New accounts available
17/02/2003	Acte sous seing privé
17/02/2003	PV d'Assemblée
17/02/2003	Conversion du Capital Social en Euros
17/02/2003	Acte modificatif
17/02/2003	Augmentation de Capital
17/02/2003	Statuts mis à jour
02/02/1996	Acte sous seing privé
02/02/1996	Cession de parts
02/02/1996	Nomination/démission des organes de gestion
02/02/1996	Acte modificatif
18/08/1995	Acte modificatif
18/08/1995	PV d'Assemblée
18/08/1995	Continuation malgré perte supérieure à la moitié du capital
21/12/1992	Acte modificatif
21/12/1992	Statuts
21/12/1992	Déclaration de conformité
21/12/1992	Acte sous seing privé
21/12/1992	Formation de Société
21/12/1992	Certificat de dépôt des fonds

Establishment events history

Date	Description
22/02/2014	Update of phone numbers
14/08/2013	Update of phone numbers
12/01/2013	Update of phone numbers

NOTES & COMMENTS

N/a

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 :	DIV
Report Prepared by :	NIS

RATING EXPLANATIONS

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

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

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

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

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.