MIRA INFORM REPORT

Report Date :

10.10.2014

IDENTIFICATION DETAILS

Name :	INSIGHT TECHNOLOGY SOLUTIONS SAS
Registered Office :	Corporate Software, 3 Rue Paul Dautier, Le Crystalys, 6 Av Morane Saulnier, 78140 Velizy Villacoublay
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	August 1994
Com. Reg. No.:	9 397 888 330
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale (business to business) of computers, computer peripheral equipment and software
No of Employees :	100 to 199

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 :	Slow but correct
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

INSIGHT TECHNOLOGY SOLUTIONS SAS

SIRET

397 888 330 00040

Personal comment

company summary

Activity (APE)	Wholesale (business to business) of computers, computer peripheral equipment and software (4651Z)	EUR VAT Number	FR74397888330
Phone		Legal form	Simplified joint stock company
Fax		RCS Registration	RCS Versailles 9 397 888 330
Address	INSIGHT TECHNOLOGY SOLUTIONS SAS CORPORATE SOFTWARE 3 RUE PAUL DAUTIER, LE CRYSTALYS 6 AV MORANE SAULNIER 78140 VELIZY VILLACOUBLAY	Share capital	333,335 Euros
Nationality	France	Incorporated Date	08/1994
		Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	2
Total number of Invoices paid within or up to 30 days after the due date	2
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

This company is not under monitoring

Company Name	Company number
INSIGHT TECHNOLOGY SOLUTIONS INC	US17460586

Current Directors

2

Trading to Date	12/31/2013	12/31/2012	12/31/2011
Turnover	264,062,767 €	284,540,958 €	288,453,904 €
Gross Operating Surplus	-0.01 % Turnover	0.50 % Turnover	-0.04 % Turnover
Shareholders’ equity	9,133,280 €	10,081,141 €	9,299,561 €
Net result	-947,862 €	781,581 €	-314,049 €
Employees	100 to 199 employees	-	-

Company details

Activity (APE)	Wholesale (business to business) of computers, computer peripheral equipment and software (4651Z)
RCS Registration	RCS Versailles 9 397 888 330	Share capital	333,335 Euros
Registration Court	Versailles (78)	Legal form	Simplified joint stock company
Court Registry Number	19 9 4B02035	EUR VAT Number	FR74397888330
Incorporation Date	08/1994	Formation Date	06/1994
Deregistration Date		Last account Date	31/12/2013
Nationality	France

Establishment details

Activity (APE)	Wholesale (business to business) of computers, computer peripheral equipment and software (4651Z)	Business Pages FT®
Postal Address	INSIGHT TECHNOLOGY SOLUTIONS SAS CORPORATE SOFTWARE 3 RUE PAUL DAUTIER, LE CRYSTALYS 6 AV MORANE SAULNIER 78140 VELIZY VILLACOUBLAY	Trading Address	6 AVENUE MORANE SAULNIER 78140 VELIZY VILLACOUBLAY
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	04/2010	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Ile-de-France
District		Area
City	VELIZY VILLACOUBLAY	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> INSIGHT TECHNOLOGY SOLUTIONS SAS <<< - Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels (4651Z) in VELIZY VILLACOUBLAY (78140)
Secondary establishments	> INSIGHT TECHNOLOGY SOLUTIONS SAS - Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels (4651Z) in VELIZY VILLACOUBLAY (78140) > INSIGHT TECHNOLOGY SOLUTIONS SAS - Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels (4651Z) in VELIZY VILLACOUBLAY (78140)

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

Workforce unknown

Company workforce

100 to 199 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2013	31/12/2012	31/12/2011
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	10/07/2014	26/03/2014	12/11/2012
Activity Code	4651Z	4651Z	4651Z
Employees	117	132	133

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	2,561,893	-7.4%	2,766,320	1.5%	2,725,833	21,518	11805.8%
- Intangible assets	942,959	-6.3%	1,006,682	19.9%	839,792	0	0%
- Tangible assets	467,202	-23.1%	607,906	-18.5%	745,558	6,647	6928.8%
- Financial assets	1,151,732	0%	1,151,732	1.0%	1,140,483	2,425	47394.1%
Net current assets	83,583,471	-8.7%	91,514,413	-6.7%	98,049,076	261,602	31850.6%
- Stocks	0	0%	0	0%	0	14,657	0%
- Advanced payments	0	-8.7%	0	0%	0	0	0%
- Receivables	83,503,452	-8.6%	91,409,253	-6.6%	97,895,983	120,733	69063.7%
- Securities and cash	80,019	-23.9%	105,160	-31.3%	153,093	51,246	56.1%
- Prepaid expenses	-	-	-	-	-	123	-
Accounts of regularization	39,846	59.3%	25,014	0%	0	0	0%
Total Assets	86,185,212	-8.6%	94,305,749	-6.4%	100,774,912	323,521	26539.8%

Passive Account

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Shareholders' equity	9,133,280	-9.4%	10,081,141	8.4%	9,299,561	107,023	8433.9%
Share capital	333,335	0%	333,335	0%	333,335	25,000	1233.3%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	287,458	-18.6%	353,265	5.5%	334,875	0	0%
Liabilities	76,693,859	-8.6%	83,864,254	-8.0%	91,126,893	171,764	44550.7%
- Financial liabilities	0	0%	0	0%	0	7,573	0%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	61,202,668	-9.0%	67,292,136	-9.4%	74,256,720	49,933	122469.6%
- Tax and social liabilities	12,960,073	-9.0%	14,243,850	-5.5%	15,069,136	62,731.50	20559.6%
- Other debts and fixed assets liabilities	1,165,581	55.8%	747,926	-28.4%	1,045,108	3,652	31816.2%
Account regularization	1,436,148	-9.5%	1,587,427	106.3%	769,508	0	0%
Total liabilities	86,185,212	-8.6%	94,305,749	-6.4%	100,774,911	323,520	26539.8%

Results

Annual Accounts	31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Sales of Goods	264,249,666	-7.2%	284,879,557	-1.3%	288,770,693	607,085	43427.6%
Net turnover	264,062,767	-7.2%	284,540,958	-1.4%	288,453,904	597,639	44084.3%
- of which net export turnover	46,506,555	-12.1%	52,900,144	9.0%	48,530,240	0	0%
Operating charges	265,059,005	-6.6%	283,927,963	-1.8%	289,138,731	594,684	44471.4%
Operating profit/loss	-809,339	-185.1%	951,594	358.6%	-368,038	12,151	-6760.7%
Financial income	32,100	-70.9%	110,307	-45.4%	201,982	63	50852.4%
Financial charges	166,626	48.9%	111,923	-22.3%	143,990	506	32830.0%
Financial profit/loss	-134,526	-8224.6%	-1,616	-102.8%	57,992	0	0%
Pretax net operating income	-943,865	-199.4%	949,978	406.4%	-310,046	12,442	-7686.1%
Extraordinary income	0	0%	0	0%	0	0	0%
Extraordinary charges	4,000	0%	4,000	0%	4,000	143	2697.2%
Extraordinary profit/loss	-4,000	0%	-4,000	0%	-4,000	0	0%
Net result	-947,862	-221.3%	781,581	348.9%	-314,049	11,454	-8375.4%

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	86,185,212	-8.6%	94,305,749	-6.4%	100,774,912
	Gross	CO	87,876,175	-8.2%	95,675,704	-6.5%	102,338,213
	Amortisation	1A	1,690,963	23.4%	1,369,955	-12.4%	1,563,301

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	2,561,893	-7.4%	2,766,320	1.5%	2,725,833
	Gross	BJ	3,758,556	2.4%	3,670,510	-3.6%	3,809,382
	Amortisation	BK	1,196,663	32.3%	904,190	-16.6%	1,083,549

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	638,061	-9.1%	701,784	31.2%	534,894
	Gross	AF	877,629	8.1%	812,079	-18.9%	1,000,816
	Amortisation	AG	239,568	117.2%	110,295	-76.3%	465,922
	Goodwill	Net	304,898	0%	304,898	0%	304,898
	Gross	AH	304,898	0%	304,898	0%	304,898
	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	942,959	-6.3%	1,006,682	19.9%	839,792

Tangilble fixed assets

			31/12/2013		31/12/2012		31/12/2011
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	0	0%	0	0%	0
	Gross	AP	0	0%	0	0%	0
	Amortisation	AQ	0	0%	0	0%	0
	Plant	Net	0	0%	0	0%	0
	Gross	AR	0	0%	0	0%	0
	Amortisation	AS	0	0%	0	0%	0
	Other tangible fixed assets	Net	467,202	-23.1%	607,906	-18.5%	745,558
	Gross	AT	1,424,297	1.6%	1,401,801	2.8%	1,363,185
	Amortisation	AU	957,095	20.6%	793,895	28.5%	617,627
	Fixed assets in construction	Net	0	0%	0	0%	0
	Gross	AV	0	0%	0	0%	0
	Amortisation	AW	0	0%	0	0%	0
	Advances and payments on account	Net	0	0%	0	0%	0
	Gross	AX	0	0%	0	0%	0
	Amortisation	AY	0	0%	0	0%	0
	Sub Total Tangible asset	Net	467,202		607,906		745,558

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	1,151,732	0%	1,151,732	1.0%	1,140,483
	Gross	BH	1,151,732	0%	1,151,732	1.0%	1,140,483
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		1,151,732		1,151,732		1,140,483

Current Assets (III)

			31/12/2013		31/12/2012		31/12/2011
	Total Assets	Net	83,583,471	-8.7%	91,514,413	-6.7%	98,049,076
	Gross	CJ	84,077,770	-8.6%	91,980,177	-6.6%	98,528,828
	Amortisation	CK	494,299	6.1%	465,764	-2.9%	479,752

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	0	0%	0	0%	0
	Gross	BT	0	0%	0	0%	0
	Amortisation	BU	0	0%	0	0%	0
	Sub Total Stocks	Net	0	0%	0	0%	0

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	80,378,754	-2.9%	82,776,842	-8.9%	90,873,616
	Gross	BX	80,873,053	-2.8%	83,242,606	-8.9%	91,353,368
	Amortisation	BY	494,299	6.1%	465,764	-2.9%	479,752
	Other debtors	Net	2,313,241	-69.2%	7,512,331	11.5%	6,740,213
	Gross	BZ	2,313,241	-69.2%	7,512,331	11.5%	6,740,213
	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	82,691,995	-8.4%	90,289,173	-7.5%	97,613,829

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	80,019	-23.9%	105,160	-31.3%	153,093
	Gross	CF	80,019	-23.9%	105,160	-31.3%	153,093
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	80,019	-23.9%	105,160	-31.3%	153,093

Prepaid expenses

			31/12/2013		31/12/2012		31/12/2011
	Prepaid expenses	Net	811,457	-27.6%	1,120,080	297.0%	282,154
	Gross	CH	811,457	-27.6%	1,120,080	297.0%	282,154
	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	39,846	59.3%	25,014	0%	0
Gross		39,846	59.3%	25,014	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%	0

Display parameter
Currency	Euro	Kilo Euro

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

Grand Total - Passive Accounts (I to IV)

		31/12/2013		31/12/2012		31/12/2011
Grand Total (I to V)	EE	86,185,212	-8.6%	94,305,749	-6.4%	100,774,911

Shareholder Equity (I)

			31/12/2013		31/12/2012		31/12/2011
	Total shareholders' equity (Total I)	DL	9,133,280	-9.4%	10,081,141	8.4%	9,299,561
	Equity and shareholders' equity	DA	333,335	0%	333,335	0%	333,335
	Issue and merger premiums	DB	2,700,054	0%	2,700,054	0%	2,700,054
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	114,407	0%	114,407	0%	114,407
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	505,903	0%	505,903	0%	505,903
	Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
	Other reserves	DG	0	0%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	6,427,442	13.8%	5,645,861	-5.3%	5,959,910
	Profit or loss for the period	DI	-947,862	-221.3%	781,581	348.9%	-314,049
	Investment grants	DJ	0	0%	0	0%	0
	Special tax-allowable reserves	DK	0	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	287,458	-18.6%	353,265	5.5%	334,875
	Risk provisions	DP	162,384	-28.8%	228,192	6.1%	215,084
	Reserves for charges	DQ	125,073	0%	125,073	4.4%	119,790

Liabilities (IV)

			31/12/2013		31/12/2012		31/12/2011
	Total Liabilities (Total IV)	EC	76,693,859	-8.6%	83,864,254	-8.0%	91,126,893
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	0	0%	0	0%	0
	Sundry loans and financial liabilities	DV	0	0%	0	0%	0
	Of which participating loans	EI	0	0%	0	0%	0
	Advance payments received for current orders	DW	0	0%	0	0%	0
	Trade accounts payables	DX	61,202,668	-9.0%	67,292,136	-9.4%	74,256,720
	Tax and social security liabilities	DY	12,960,073	-9.0%	14,243,850	-5.5%	15,069,136
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	1,094,968	47.8%	740,841	-28.2%	1,031,528

Translation loss (V)

		31/12/2013		31/12/2012		31/12/2011
Translation loss (Total V)	ED	70,613	896.7%	7,085	-47.8%	13,580

Equalization accounts

		31/12/2013		31/12/2012		31/12/2011
Deferred income	EB	1,436,148	-9.5%	1,587,427	106.3%	769,508

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	76,693,859	0%	0	0%	91,126,893
Of which current bank facilities	EH	0	0%	0	0%	0

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	-809,339	-185.1%	951,594	358.6%	-368,038

2 -Financial result(V - VI)

		31/12/2013		31/12/2012		31/12/2011
Financial result (Total V-VI)	GV	-134,526	-8224.6%	-1,616	-102.8%	57,992

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	-943,865	-199.4%	949,978	406.4%	-310,046

4 -Extraordinary result(VII-VIII)

		31/12/2013		31/12/2012		31/12/2011
Extraordinary result (Total VII-VIII)	HI	-4,000	0%	-4,000	0%	-4,000

Profit or loss

		31/12/2013		31/12/2012		31/12/2011
Profit or loss	HN	-947,862	-221.3%	781,581	348.9%	-314,049

Total Income (I+III+V+VII)

		31/12/2013		31/12/2012		31/12/2011
Total Income (I+III+V+VII)	HL	264,281,769	-7.3%	284,989,864	-1.4%	288,972,675

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	265,229,632	-6.7%	284,208,279	-1.8%	289,286,721

Operating income(I)

		31/12/2013		31/12/2012		31/12/2011
Total operating income (Total I)	FR	264,249,666	-7.2%	284,879,557	-1.3%	288,770,693

Operating income (details)

			31/12/2013		31/12/2012		31/12/2011
	Sale of goods for resale	FC	257,640,011	-7.6%	278,771,528	-1.8%	283,807,217
	France	FA	213,250,617	-6.2%	227,281,038	-4.3%	237,383,206
	Export	FB	44,389,394	-13.8%	51,490,490	10.9%	46,424,011
	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	6,422,756	11.3%	5,769,430	24.2%	4,646,687
	France	FG	4,305,595	-1.2%	4,359,776	71.6%	2,540,458
	Export	FH	2,117,161	50.2%	1,409,654	-33.1%	2,106,229
	Net turnover	FL	264,062,767	-7.2%	284,540,958	-1.4%	288,453,904
	France	FJ	217,556,212	-6.1%	231,640,814	-3.5%	239,923,664
	Export	FK	46,506,555	-12.1%	52,900,144	9.0%	48,530,240
	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	186,899	-44.1%	334,511	5.7%	316,560
	Other income	FQ	0	0%	4,088	1685.2%	229

Operating charges(II)

		31/12/2013		31/12/2012		31/12/2011
Total operating charges (Total II)	GF	265,059,005	-6.6%	283,927,963	-1.8%	289,138,731

Exploitation charges

		31/12/2013		31/12/2012		31/12/2011
Purchase of goods for resale	FS	245,289,441	-7.3%	264,541,406	-1.6%	268,974,700
Change in stocks of goods for resale	FT	0	0%	0	0%	0
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	0	0%	0	0%	0
Other external purchases and charges	FW	5,854,452	-5.3%	6,182,679	-18.6%	7,595,286
Tax, duty and similar payments	FX	1,346,872	-10.0%	1,496,384	7.2%	1,395,530
Payroll	FY	8,192,447	5.3%	7,778,441	3.3%	7,528,483
Social security costs	FZ	3,414,085	9.5%	3,118,860	1.1%	3,083,463

Depreciation

		31/12/2013		31/12/2012		31/12/2011
Depreciation of fixed assets	GA	292,473	13.0%	258,919	20.1%	215,578
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	94,602	-56.4%	216,836	29.6%	167,375
Provisions for risks and charges	GD	40,192	-58.6%	97,063	18.3%	82,030

Other charges

		31/12/2013		31/12/2012		31/12/2011
Other charges	GE	534,438	125.1%	237,375	146.5%	96,286

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	32,100	-70.9%	110,307	-45.4%	201,982
	Share financial income	GJ	0	0%	0	0%	0
	Other investment income & capitalised receivables	GK	0	0%	75,361	429.5%	14,233
	Other interest and similar income	GL	0	0%	0	0%	0
	Released provisions and transferred charges	GM	25,014	0%	0	0%	2,853
	Exchange gains	GN	7,085	-79.7%	34,946	-81.1%	184,896
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			31/12/2013		31/12/2012		31/12/2011
	Total financial charge (Total VI)	GU	166,626	48.9%	111,923	-22.3%	143,990
	Financial reserves and provisions	GQ	39,846	59.3%	25,014	0%	0
	Interest and similar charges	GR	40,699	-9.6%	45,024	-52.7%	95,239
	Exchange losses	GS	86,080	105.5%	41,885	-14.1%	48,751
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			31/12/2013		31/12/2012		31/12/2011
	Total extraordinary income (Total VII)	HD	0	0%	0	0%	0
	Extraordinary operating income	HA	0	0%	0	0%	0
	Extraordinary income from capital transactions	HB	0	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	4,000	0%	4,000	0%	4,000
	Extraordinary operating charges	HE	4,000	0%	4,000	0%	4,000
	Extraordinary charges from capital transactions	HF	0	0%	0	0%	0
	Extraordinary reserves and provisions	HG	0	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	0	0%	164,393	0%	0

References

		31/12/2013		31/12/2012		31/12/2011
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	0	0%	0	0%	0
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Other incomes tax return forms

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

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	OG	0	0%	0	0%	0
	Increasess due to revaluation	OH	0	0%	0	0%	0
	Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
	Decreasess by budget item transfer	OK1	0	0%	68,011	0%	0
	Decreasess by transfers	OK2	0	0%	438,278	590.3%	63,489
	Gross value at the end of period	OL	3,758,557	2.4%	3,670,511	-3.6%	3,809,383

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	1,116,977	-14.5%	1,305,714	71.3%	762,131
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	65,550	-75.8%	271,332	-50.1%	543,583
	Decreasess by budget item transfer	LV1	0	0%	21,792	0%	0
	Decreasess by transfers	LV2	0	0%	438,278	0%	0
	Gross value at the end of period	LW	1,182,527	5.9%	1,116,976	-14.5%	1,305,714

Tangible fixed assets (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LN	1,401,801	2.8%	1,363,184	2.0%	1,336,993
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	22,496	-73.5%	84,834	223.9%	26,192
	Decreasess by budget item transfer	NG1	0	0%	46,218	0%	0
	Decreasess by transfers	NG2	0	0%	0	0%	0
	Gross value at the end of period	NH	1,424,297	1.6%	1,401,800	2.8%	1,363,185

Fiancial assets (Total IV)

			31/12/2013		31/12/2012		31/12/2011
	Gross value at begin of period	LQ	1,151,732	1.0%	1,140,483	-4.1%	1,189,333
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	11,249	-23.2%	14,639
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
	Decreasess by transfers	NJ2	0	0%	0	0%	63,489
	Gross value at the end of period	NK	1,151,732	0%	1,151,732	1.0%	1,140,483

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	110,295	-76.3%	465,922	1.9%	457,233
Increases		PF	129,272	56.4%	82,651	851.3%	8,688
Decreasess		PG	0	0%	438,278	0%	0
	Decreasess by budget item transfer	PH	239,567	117.2%	110,295	-76.3%	465,922

Total fixed assets amotisation(Total III)

			31/12/2013		31/12/2012		31/12/2011
	Reserve for depreciation value at begin of period	QU	793,894	28.5%	617,627	50.4%	410,737
Increases		QV	163,199	-7.4%	176,268	-14.8%	206,890
Decreases		QW	0	0%	0	0%	0
	Decreasess by budget item transfer	QX	957,093	20.6%	793,895	28.5%	617,627

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	819,031	0.5%	814,628	-7.9%	884,636
Increases		UB	174,641	-48.5%	338,913	35.9%	249,405
Decreases		UC	211,914	-36.6%	334,511	4.7%	319,413
	Value at the end of period	UD	781,758	-4.6%	819,030	0.5%	814,628

Includes Total allocations

Operating	UE	134,794	-57.1%	313,899	25.9%	249,405
Financial	UG	39,846	59.3%	25,014	0%	0
Exceptional	UJ	0	0%	0	0%	0

Includes Total Withdrawal

Operating	UF	186,899	-44.1%	334,511	5.7%	316,560
Financial	UH	25,014	0%	0	0%	2,853
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	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)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	5Z	353,266	5.5%	334,874	-34.4%	510,544
Increases		TV	80,038	-34.4%	122,077	48.8%	82,030
Decreases		TW	145,846	40.7%	103,687	-59.8%	257,699
	Value at the end of period	TX	287,458	-18.6%	353,264	5.5%	334,875

Total Provision for depreciation (Total III)

			31/12/2013		31/12/2012		31/12/2011
	Value at begining of period	7B	465,764	-2.9%	479,752	28.2%	374,091
Increases		TY	94,602	-56.4%	216,836	29.6%	167,375
Decreases		TZ	66,067	-71.4%	230,824	274.0%	61,714
	Value at the end of period	UA	494,299	6.1%	465,764	-2.9%	479,752

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

		31/12/2013		31/12/2012		31/12/2011
Gross value	VT	85,149,484	-8.5%	93,026,750	-6.5%	99,516,220
1 year at most	VU	83,997,752	-8.6%	91,875,018	-6.6%	98,375,737
More than one year	VV	1,151,732	0%	1,151,732	1.0%	1,140,483

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	1,151,732	0%	1,151,732	1.0%	1,140,483
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	591,182	6.1%	557,054	-2.9%	573,784
Other claims customer	UX	80,281,871	-2.9%	82,685,552	-8.9%	90,779,584
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	552	-86.3%	4,022	-77.3%	17,717
Income taxes	VM	156,564	0%	0	0%	0
Value added tax	VB	0	0%	0	0%	0
Other taxes and payments assimilated	VN	9,813	0%	0	0%	9,901
State and other public - Miscellaneous	VP	72,984	0%	0	0%	0
Group and Associates	VC	596,031	-88.6%	5,237,967	21.0%	4,330,216
Accounts receivable (including claims relating to the operation of pension titles)	VR	1,477,296	-34.9%	2,270,341	-4.7%	2,382,379

Prepaid

		31/12/2013		31/12/2012		31/12/2011
Prepaid	VS	811,457	-27.6%	1,120,080	297.0%	282,154

State Debt

			31/12/2013		31/12/2012		31/12/2011
	Total debt (gross)	VY	76,693,859	-8.6%	83,864,254	-8.0%	91,126,893
1 year at most		VZ2	76,693,859	-8.6%	83,864,254	-8.0%	91,126,893
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2013		31/12/2012		31/12/2011
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	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	61,202,668	-9.0%	67,292,134	-9.4%	74,256,720
1 year at most		8B2	61,202,668	-9.0%	67,292,134	-9.4%	74,256,720
More than 1 year and 5 years at most		8B3	61,202,668	-9.0%	67,292,134	-9.4%	74,256,720
	Personnel and associated accounts (gross)	8C1	1,005,270	-14.6%	1,176,532	14.0%	1,032,142
1 year at most		8C2	1,005,270	-14.6%	1,176,532	14.0%	1,032,142
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	1,013,069	-6.3%	1,081,023	4.0%	1,039,848
1 year at most		8D2	1,013,069	-6.3%	1,081,023	4.0%	1,039,848
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	164,393	0%	0
1 year at most		8E2	0	0%	164,393	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	10,350,673	-7.0%	11,123,867	-10.1%	12,375,606
1 year at most		VW2	10,350,673	-7.0%	11,123,867	-10.1%	12,375,606
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	591,060	-15.3%	698,034	12.3%	621,538
1 year at most		VQ2	591,060	-15.3%	698,034	12.3%	621,538
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	1,094,968	47.8%	740,841	-28.2%	1,031,528
1 year at most		8K2	1,094,968	47.8%	740,841	-28.2%	1,031,528
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	1,436,148	-9.5%	1,587,427	106.3%	769,508
1 year at most		8L2	1,436,148	-9.5%	1,587,427	106.3%	769,508
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

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

Table allocation results and other information

Dividends distributed

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

Commitments

		31/12/2013		31/12/2012		31/12/2011
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2013		31/12/2012		31/12/2011
Subcontracting	YT	49,984	-9.1%	54,967	13.4%	48,485
Rentals, rental charges and condominiums	XQ	1,300,849	-2.9%	1,340,112	13.7%	1,178,809
Staff outside the company	YU	0	0%	0	0%	0
Remuneration intermediaries and fees (excluding fees)	SS	394,247	40.4%	280,819	-32.4%	415,622
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	4,109,370	-8.8%	4,506,779	-24.3%	5,952,369
Total Other purchases and external	ZJ	5,854,450	291.2%	6,182,677	-18.6%	7,595,285

Taxes and Fees

		31/12/2013		31/12/2012		31/12/2011
Business tax	YW	241,142	-7.3%	260,149	18.8%	218,982
Other taxes and payments assimilated	9Z	1,105,730	-10.6%	1,236,235	5.1%	1,176,548
Total taxes and fees	YX	1,346,872	-10.0%	1,496,384	7.2%	1,395,530

VAT

		31/12/2013		31/12/2012		31/12/2011
Amount VAT collected	YY	43,446,970	-6.7%	46,544,291	-5.3%	49,164,035
Total VAT on goods and services	YZ	13,881,266	-67.2%	42,263,283	-14.7%	49,548,781

Average number of employees

		31/12/2013		31/12/2012		31/12/2011
Average number of employees	YP	117	-11.4%	132	-0.8%	133

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		2.82	-8.7%	3.09	10.0%	2.81	2.87	-1.7%
Global Debt		105days	-0.9%	106days	-7.0%	114days	98days	7.1%
Working Capital Fund overall net		9days	-10.0%	10days	11.1%	9days	56days	-83.9%
Financial independence		%	-	%	-	%	658.70%	-
More ratios
Solvability		10.60%	-0.8%	10.69%	15.8%	9.23%	38.57%	-72.5%
Capacity debt futures		%	-	%	-	%	1817.64%	-
Coverage of current assets by net working capital overall		8.24%	-2.4%	8.44%	20.1%	7.03%	41.16%	-80.0%
General Liquidity		1.10	0%	1.10	1.9%	1.08	0.81	35.8%
Restricted Liquidity		1.10	0%	1.10	1.9%	1.08	1.29	-14.7%

Management or rotation

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Need background in operating working capital		10days	0%	10days	11.1%	9days	18days	-44.4%
Treasury		0days	0%	0days	0%	0days	19.50days	0%
Inventory turnover of goods		0days	0%	0days	0%	0days	26days	0%
Average length of credit granted to customers		95days	4.4%	91days	-6.2%	97days	55days	72.7%
Average length of credit obtained suppliers		83days	7.8%	77days	-6.1%	82days	47days	76.6%
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	1308days	-
Rotation tangible assets		18539.87%	-8.7%	20298.26%	-4.1%	21160.29%	1934.78%	858.2%

Profitability of the business

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Margin trading		4.68%	-6.4%	5%	-2.7%	5.14	15.25%	-69.3%
Profitability of the business		-0.01	-102.0%	0.50	1350.0%	-0.04	3.16%	-100.3%
Net profit		-0.36%	-233.3%	0.27%	345.5%	-0.11%	2.02%	-117.8%
More ratios
Growth rate of turnover (excluding VAT)		-7.20%	-429.4%	-1.36%	41.1%	-2.31%	0%	0%
Rates integration		4.89%	0.6%	4.86%	18.0%	4.12%	27.47%	-82.2%
Rate leasing furniture		0%	0%	0%	0%	0%	0%	0%
Work Factor		89.84%	13.9%	78.87%	-11.7%	89.30%	79%	13.7%
Weight interests		0.06	50.0%	0.04%	-20.0%	0.05%	0.08%	-25.0%

Return on capital

		31/12/2013		31/12/2012		31/12/2011	Sector Median2013
Cash flow from the overall profitability		-0.31%	-219.2%	0.26%	285.7%	-0.14%	2.80%	-111.1%
Rates of economic profitability		0%	0%	14%	1500%	-1%	15%	0%
Financial profitability		9133280%	-9.4%	10081141%	8.4%	9299561%	89142%	10145.8%
Return on investment		-8.55%	-196.5%	8.86%	584.2%	-1.83%	10.92%	-178.3%

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	264,062,767	-7.2%	284,540,958	-1.4%	288,453,904	597,639 €	44084.3%

Sales of goods	257,640,011	-7.6%	278,771,528	-1.8%	283,807,217
- Purchase of goods	245,289,441	-7.3%	264,541,406	-1.6%	268,974,700
+/- Stock of goods variation	0	0%	0	0%	0
Trading margin	12,350,570 €	-13.2%	14,230,122 €	-4.1%	14,832,517 €	78,650 €	15603.2%
	4.68 % CA	-6.4%	5.00 % CA	-2.7%	5.14 % CA	15.83 % CA	-70.4%

Sale of goods produced	6,422,756	11.3%	5,769,430	24.2%	4,646,687
+/- Stocked production	0	0%	0	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	6,422,756 €	11.3%	5,769,430 €	24.2%	4,646,687 €	106,780 €	5914.9%
	2.43 % CA	19.7%	2.03 % CA	26.1%	1.61 % CA	29.91 % CA	-91.9%

Trading margin	12,350,570	-13.2%	14,230,122	-4.1%	14,832,517	78,650	15603.2%
+ Period Production	6,422,756	11.3%	5,769,430	24.2%	4,646,687	106,780	5914.9%
- Purchase of raw materials	0	0%	0	0%	0
+/- Change in stocks of raw materiels	0	0%	0	0%	0
- Other external purchases and charges	5,854,452	-5.3%	6,182,679	-18.6%	7,595,286
Added value	12,918,874 €	-6.5%	13,816,873 €	16.3%	11,883,918 €	162,756 €	7837.6%
	4.89 % CA	0.6%	4.86 % CA	18.0%	4.12 % CA	27.47 % CA	-82.2%

Added value	12,918,874 €	-6.5%	13,816,873 €	16.3%	11,883,918 €	162,756 €	7837.6%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	1,346,872	-10.0%	1,496,384	7.2%	1,395,530
- Personal charges	11,606,532	6.5%	10,897,301	2.7%	10,611,946
Gross operating surplus	-34,530 €	-102.4%	1,423,188 €	1251.8%	-123,558 €	15,687 €	-320.1%
	-0.01 % CA	-102.0%	0.50 % CA	1350.0%	-0.04 % CA	3.16 % CA	-100.3%

Gross operating surplus	-34,530 €	-102.4%	1,423,188 €	1251.8%	-123,558 €	15,687 €	-320.1%
+ Release of reserves and provisions	186,899	-44.1%	334,511	5.7%	316,560
+ Other operating income	0	0%	4,088	1685.2%	229
- Depreciation/Amortisation	427,267	-25.4%	572,818	23.2%	464,983
- Other charges	534,438	125.1%	237,375	146.5%	96,286
Operating result	-809,336 €	-185.1%	951,594 €	358.6%	-368,038 €	12,150 €	-6761.2%
	-0.31 % CA	-193.9%	0.33 % CA	353.8%	-0.13 % CA	2.33 % CA	-113.3%

Operating result	-809,336 €	-185.1%	951,594 €	358.6%	-368,038 €	12,150 €	-6761.2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	32,100	-70.9%	110,307	-45.4%	201,982
- Financial charges	166,626	48.9%	111,923	-22.3%	143,990
Pre-tax result	-943,862 €	-199.4%	949,978 €	406.4%	-310,046 €	12,442 €	-7686.1%
	-0.36 % CA	-209.1%	0.33 % CA	400%	-0.11 % CA	2.28 % CA	-115.8%

Extraordinary income	0	0%	0	0%	0	0	0%
- Extraordinary charges	4,000	0%	4,000	0%	4,000
Extraordinary result	-4,000 €	0%	-4,000 €	0%	-4,000 €	0 €	0%
	0.00 % CA	0%	0.00 % CA	0%	0 % CA	0 % CA	0%

Pre-tax result	-943,862 €	-199.4%	949,978 €	406.4%	-310,046 €	12,442 €	-7686.1%
Extraordinary result	-4,000 €	0%	-4,000 €	0%	-4,000 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	0	0%	164,393	0%	0
Net result	-947,862 €	-221.3%	781,585 €	348.9%	-314,046 €	11,454 €	-8375.4%
	-0.36 % CA	-233.3%	0.27 % CA	345.5%	-0.11 % CA	2.02 % CA	-117.8%

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

Group data

Ultimate parent company	INSIGHT TECHNOLOGY SOLUTIONS INC
Direct parent	INSIGHT TECHNOLOGY SOLUTIONS INC - 100 %
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

Group Structure

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INSIGHT TECHNOLOGY SOLUTIONS INC

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Company Name	SIREN	Parts	Last account published
INSIGHT TECHNOLOGY SOLUTIONS	US17460586	-	-
INSIGHT TECHNOLOGY SOLUTIONS SAS	397888330	100%	31/12/2013

Shareholders

Type of shareholder

Shareholders

Linkages

Ultimate parent company	INSIGHT TECHNOLOGY SOLUTIONS INC
Direct parent	INSIGHT TECHNOLOGY SOLUTIONS INC - 100 %
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
25/07/2014	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 9286 - 397888330 RCS. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Adresse : 6 avenue Morane Saulnier, 3 Rue Paul Dautier, le Crystalys 78140 Vélizy-Villacoublay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
27/11/2013	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 3335 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : LIVET Guillaume en fonction le 17 Mars 2003 Commissaire aux comptes titulaire : KPMG S. A en fonction le 17 Mars 2003 Directeur général : DUTHEIL DE LA ROCHERE Foucault en fonction le 14 Mai 2013 Président : INSIGHT ENTERPRISES HOLDINGS BV en fonction le 19 Novembre 2013. Activité : . Commentaires : Modification de représentant.
03/10/2013	JAL	Resignation / Revocation of the social representative
Parisien (Le)/Edition des Yvelines Date de décision : 13/09/2013 La société 397888330 - INSIGHT TECHNOLOGY SOLUTIONS SAS, 6 AV MORANE SAULNIER, 3 RUE PAUL DAUTIER, LE CRYSTALYS, 78140 VELIZY VILLACOUBLAY Fait l'objet du départ de Monsieur Stuart FENTON
03/10/2013	JAL	Appointment of the social representative
Parisien (Le)/Edition des Yvelines Date de décision : 13/09/2013 Société faisant l'objet d'une nomination : 397888330 - INSIGHT TECHNOLOGY SOLUTIONS SAS, 6 AV MORANE SAULNIER, 3 RUE PAUL DAUTIER, LE CRYSTALYS, 78140 VELIZY VILLACOUBLAY Nominé : Non renseignée INSIGHT ENTERPRISES HOLDINGS BV, 7336 AV APELDOORN En la fonction de : Président
03/10/2013	JAL	Appointment of the social representative
Parisien (Le)/Edition des Yvelines Date de décision : 13/09/2013 Société faisant l'objet d'une nomination : 397888330 - INSIGHT TECHNOLOGY SOLUTIONS SAS, 6 AV MORANE SAULNIER, 3 RUE PAUL DAUTIER, LE CRYSTALYS, 78140 VELIZY VILLACOUBLAY Nominé : Non renseignée INSIGHT ENTERPRISES HOLDINGS BV, 7336 AV APELDOORN En la fonction de : Président
03/10/2013	JAL	Resignation / Revocation of the social representative
Parisien (Le)/Edition des Yvelines Date de décision : 13/09/2013 La société 397888330 - INSIGHT TECHNOLOGY SOLUTIONS SAS, 6 AV MORANE SAULNIER, 3 RUE PAUL DAUTIER, LE CRYSTALYS, 78140 VELIZY VILLACOUBLAY Fait l'objet du départ de Monsieur Stuart FENTON
30/06/2013	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 7884 - 397888330 RCS. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Adresse : 6 avenue Morane Saulnier, 3 Rue Paul Dautier, le Crystalys 78140 Vélizy-Villacoublay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
23/05/2013	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1582 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : LIVET Guillaume en fonction le 17 Mars 2003 Commissaire aux comptes titulaire : KPMG S. A en fonction le 17 Mars 2003 Président : FENTON Stuart Andrew modification le 27 Août 2008 Directeur général : DUTHEIL DE LA ROCHERE Foucault en fonction le 14 Mai 2013. Activité : . Commentaires : Modification de représentant.
07/05/2013	JAL	Appointment of the social representative
Semaine de l Ile-de-France (La) Date de décision : 30/04/2013 Société faisant l'objet d'une nomination : 397888330 - INSIGHT TECHNOLOGY SOLUTIONS SAS, 6 AV MORANE SAULNIER, 3 RUE PAUL DAUTIER, LE CRYSTALYS, 78140 VELIZY VILLACOUBLAY Nominé : Monsieur Foucault DUTHEIL de LA ROCHERE, 92380 GARCHES En la fonction de : Directeur général
28/03/2013	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1844 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : LIVET Guillaume en fonction le 17 Mars 2003 Commissaire aux comptes titulaire : KPMG S. A en fonction le 17 Mars 2003 Président : FENTON Stuart Andrew modification le 27 Août 2008. Activité : . Commentaires : Modification de représentant.
29/09/2012	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 11756 - 397888330 RCS. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Adresse : 6 avenue Morane Saulnier, 3 Rue Paul Dautier, le Crystalys 78140 Vélizy-Villacoublay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
16/09/2010	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 10625 - 397888330 RCS. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Adresse : 6 avenue Morane Saulnier, 3 Rue Paul Dautier, le Crystalys 78140 Vélizy-Villacoublay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
16/05/2010	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2278 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Adresse du siège social : 6 avenue Morane Saulnier,, 3 Rue Paul Dautier, le Crystalys, 78140 Vélizy-Villacoublay. Commentaires : Modification de l'adresse du siège.
04/05/2010	JAL	Head Office Transfer
LA SEMAINE DE L’ILE DE FRANCE Date de décision : 15/04/2010 Transfert du siège social de la société 397888330 - INSIGHT TECHNOLOGY SOLUTIONS SAS, CORPORATE SOFTWARE Adresse du nouveau siège : 6 AVENUE MORANE SAULNIER, LE CRYSTALYS 3 RUE PAUL DAUTIER, 78140 VELIZY VILLACOUBLAY Ancienne localisation : 23 AV LOUIS BREGUET, IMMEUBLE SANTOS DUMONT, 78140 VELIZY VILLACOUBLAY
10/01/2010	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2005 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : LIVET Guillaume en fonction le 17 Mars 2003 Commissaire aux comptes titulaire : KPMG S. A en fonction le 17 Mars 2003 Président : FENTON Stuart Andrew modification le 27 Août 2008 Directeur général : LE FELL Hervé en fonction le 29 Décembre 2009. Commentaires : Modification de représentant.
10/01/2010	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2012 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Capital : 333335 EUR. Commentaires : Modification du capital.
14/08/2009	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 3007 - 397888330 RCS. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Adresse : 23 rue Louis Breguet 78140 Vélizy-Villacoublay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
09/08/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 901 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : LIVET Guillaume en fonction le 17 Mars 2003 Commissaire aux comptes titulaire : KPMG S. A en fonction le 17 Mars 2003 Président : FENTON Stuart Andrew modification le 27 Août 2008. Commentaires : Modification de représentant.
19/03/2009	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2714 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : LIVET Guillaume en fonction le 17 Mars 2003. Commissaire aux comptes titulaire : KPMG S. A en fonction le 17 Mars 2003. Président : FENTON Stuart Andrew modification le 27 Août 2008. Directeur général : LECOQ Eric en fonction le 11 Mars 2009. Commentaires : Modification de représentant.
07/09/2008	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 981 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS SAS. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes suppléant : LIVET Guillaume en fonction le 17 Mars 2003. Commissaire aux comptes titulaire : KPMG S. A en fonction le 17 Mars 2003. Président : FENTON Stuart Andrew modification le 27 Août 2008. Directeur général : BITOUN Franck modification le 27 Août 2008. Capital : 250000 EUR. Commentaires : Modification du nom, nom d'usage, prénom ou de la dénomination. Modification de la forme juridique. Modification du capital. Modification de représentant.
29/07/2008	Bodacc C	Comptes annuels et rapports
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 5094 - 397888330 RCS. INSIGHT TECHNOLOGY SOLUTIONS S. A.. Forme : Société anonyme. Adresse : 23 rue Louis Breguet 78140 Vélizy-Villacoublay. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
14/03/2008	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 4374 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS S. A. Forme : Société anonyme. Administration : Commissaire aux comptes suppléant : LIVET Guillaume en fonction le 17 Mars 2003. Commissaire aux comptes titulaire : KPMG S. A en fonction le 17 Mars 2003. Administrateur : FENNESSY Richard en fonction le 08 Novembre 2006. Président du conseil d'administration et administrateur : FENTON Stuart Andrew modification le 11 Mars 2008. Administrateur : GOLIA Jetinderpal en fonction le 29 Novembre 2007. Directeur général (non administrateur) : BITOUN Franck en fonction le 11 Mars 2008. Commentaires : Modification de représentant.
20/02/2008	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 2617 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS S. A. Forme : Société anonyme. Administration : directeur général et administrateur : SAKELARIO Guy radié le 20 Novembre 2007. président du conseil d'administration et directeur général : FENTON Stuart Andrew modifié le 20 Novembre 2007. administrateur : SAKELARIO Guy entré en fonction le 20 Novembre 2007. Commentaires : Modification de représentant.
28/12/2007	Bodacc B	Modification et mutation diverse
78 - YVELINES GREFFE DU TRIBUNAL DE COMMERCE DE VERSAILLES 1648 - 397 888 330 RCS Versailles. INSIGHT TECHNOLOGY SOLUTIONS S. A. Forme : Société anonyme. Administration : Administrateur : SAKELARIO Guy radiation le 29 Novembre 2007. Administrateur : GOLIA Jetinderpal en fonction le 29 Novembre 2007. Commentaires : Modification de représentant.
26/10/2007	Bodacc C	Avis de dépôt des comptes
3172 - 397 888 330. RCS Versailles INSIGHT TECHNOLOGY SOLUTIONS S. A.. Forme: Société anonyme. Adresse du siège social: 23 rue Louis Breguet 78140 Vélizy-Villacoublay. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
20/09/2007	Bodacc B	Modifications et mutations diverses
1676 - RCS Versailles B 397 888 330. RC 94-B 2035. INSIGHT TECHNOLOGY SOLUTIONS S.A. Forme : S.A. Capital : 1 500 000 euros. Commentaires : modification survenue sur le capital (augmentation).
17/05/2007	Bodacc B	Modifications et mutations diverses
2904 - RCS Versailles B 397 888 330. RC 94-B 2035. INSIGHT TECHNOLOGY SOLUTIONS S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration et administrateur partant : PROPST (Craig, Joseph). Administrateur partant : THIEDE (Thorsten). Modification d'un directeur général et administrateur : SAKELARIO (Guy). Nomination d'un administrateur : FENTON (Stuart, Andrew).
17/05/2007	Bodacc B	Modifications et mutations diverses
2941 - RCS Versailles B 397 888 330. RC 94-B 2035. INSIGHT TECHNOLOGY SOLUTIONS S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification du président du conseil d'administration et administrateur : FENTON (Stuart, Andrew).
15/04/2007	Bodacc B	Modifications et mutations diverses
1618 - RCS Versailles B 397 888 330. RC 94-B 2035. INSIGHT TECHNOLOGY SOLUTIONS S.A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification du président du conseil d'administration et administrateur : PROPST (Craig, Joseph). Nomination d'un directeur général non administrateur : SAKELARIO (Guy).
24/12/2006	Bodacc C	Avis de dépôt des comptes
6666 - RCS Versailles B 397 888 330. RC 94-B 2035. INSIGHT TECHNOLOGY SOLUTIONS S.A.. Forme: S.A. Adresse du siège social: 23, rue Louis Bréguet,78140 Vélizy-Villacoublay. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
10/12/2006	Bodacc B	Modifications et mutations diverses
1982 - RCS Versailles B 397 888 330. RC 94-B 2035. INSIGHT TECHNOLOGY SOLUTIONS S.A. Forme : S.A. Commentaires : modification survenue sur la dénomination.
23/11/2006	Bodacc B	Modifications et mutations diverses
2806 - RCS Versailles B 397 888 330. RC 94-B 2035. SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : COOGAN (Keith). Nomination d'un administrateur : FENNESSY (Richard).
23/09/2005	Bodacc C	Avis de dépôt des comptes
1699 - RCS Versailles B 397 888 330. RC 94-B 2035. SOFTWARE SPECTRUM. Forme: S.A. Adresse du siège social: 23, rue Louis Bréguet,78140 Vélizy-Villacoublay. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
24/05/2005	Bodacc B	Modifications et mutations diverses
1594 - Rectificatif. Annonce numéro : 2078. Date de parution : 8 avril 2005. Page : 89. ê Numéro de parution : 69 B. Au lieu de : Administration : nomination d'un administrateur : THEIDE (Thorsten) lire. RCS Versailles B 397 888 330. RC 94-B 2035. SOFTWARE SPECTRUM. Forme : S.A. Administration : nomination d'un administrateur : THIEDE (Thorsten).
08/04/2005	Bodacc B	Modifications et mutations diverses
2078 - RCS Versailles B 397 888 330. RC 94-B 2035. SOFTWARE SPECTRUM. Forme : S.A. Capital : 1 000 005 euros. Commentaires : modification survenue sur le capital (diminution) et l'administration. Administration : administrateur partant : DALENCONTE (Pascal). Nomination d'un administrateur : THEIDE (Thorsten).
06/01/2005	Bodacc B	Modifications et mutations diverses
1455 - RCS Versailles B 397 888 330. RC 94-B 2035. SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : nomination d'un administrateur : YOUNG (Michael).
29/12/2004	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration et directeur général partant : WYATT ( Colin). Administrateur partant : YOUNG ( Michael). Nomination d'un administrateur : DALANCOURT (Pascal). Nomination du président du conseil d' administration et directeur général : PROPST (Craig, Joseph).
29/12/2004	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : modification d'un administrateur : DALANCOURT (Pascal). Modification du président du conseil d'administration et directeur général : PROPST (Craig, Joseph).
23/12/2004	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateurs partants : LOGIE (Gary) YOUNG (Michael) NACE (Andrew) DALENCONTE (Pascal).
24/10/2004	Bodacc A	Création d'établissement
RCS B 398300061 RC AP-B 40363 HELP LINE. Forme : S.A.S. Capital : 2 058 061 euros. Adresse du siège social : 171 avenue Georges-Clemenceau, 92024 Nanterre Cedex Etablissement principal: Activité : prestations d'assistance technique informatique sur le site des clients. Adresse : 23 rue Louis-Bréguet, 78140 Vélizy-Villacoublay Etablissement principal acquis par achat au prix stipulé de 77 000 euros. Date d'effet : 1 e r octobre 2004. Précédent propriétaire : SOFTWARE SPECTRUM. RCS 397888330 Publication légale: La Semaine de l'Ile- de-France du 12 octobre 2004. Oppositions : au fonds pour la validité et pour la correspondance, M e Grisoni, avocat, 38 rue Beaujon, 75008 Paris.
26/10/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration et administrateur partant : LECONTE ( Pierre, Jean).
26/10/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateurs partants : DIAMOND ( Howard, Sim) CHATEL (Marc). Nomination d'administrateurs : LOGIE ( Gary) COOGAN (Keith).
26/10/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : nomination du président du conseil d' administration et directeur général : WYATT (Colin). Nomination d' administrateurs : YOUNG (Michael) NACE (Andrew) DALENCONTE (Pascal).
29/03/2003	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : P.G.A. Commissaire aux comptes suppléant partant : MONGIN ( Philippe). Nomination d'un commissaire aux comptes suppléant : LIVET ( Guillaume). Nomination d'un commissaire aux comptes titulaire : K.P.M.G. S.A.
22/10/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 SOFTWARE SPECTRUM. Forme : S.A. Commentaires : modification survenue sur la dénomination et le nom commercial ( suppression).
11/01/2002	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 CORPSOFT. Forme : S.A Nom commercial: Corporate Software. Commentaires : modification survenue sur le nom commercial.
18/11/2001	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 CORPSOFT. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification du président du conseil d' administration et administrateur : LECONTE (Pierre, Jean). Modification d' un administrateur : DIAMOND (Howard, Sim).
19/10/2001	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 CORPSOFT. Forme : S.A. Commentaires : modification survenue sur la dénomination.
01/02/2001	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397888330 RC 94-B 2035 CORPORATE SOFTWARE & TECHNOLOGY S.A. Forme : S.A. Capital : 2 058 061 euros. Commentaires : modification survenue sur le capital (diminution).
05/04/1998	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397 888 330 RC 94-B 2035 CORPORATE SOFTWARE ET TECHNOLOGY S. A. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateur partant : GREEN (Andrew, Peter). Nomination d'un administrateur : CHATEL (Marc).
31/10/1997	Bodacc A	Création d'établissement
RCS *. RCS Versailles B 397 888 330 RC RC 94-B 2035 CORPORATE SOFTWARE ET TECHNOLOGY S.A. Forme : S.A. Capital : 13 500 000 F. Activité : vente d'ordinateurs et de logiciels. Adresse du siège social : 23, rue Louis-Bréguet 78140 Vélizy- Villacoublay. Fonds acquis par achat partiel au prix stipulé de 147 060 473 F. Date d'effet : 1er juin 1997. Précédent propriétaire : : SOCIETE STREAM INTERNATIONAL INC. RCS RCS B 350 834 297 Publication légale: Journal Spécial des Sociétés du 5 aout 1997. Oppositions : au siège de l'acquéreur.
10/10/1997	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 397 888 330 RC RC 94-B 2035 CORPORATE SOFTWARE ET TECHNOLOGY S.A. Sigle : S.T.R.E.A.M. Forme : S.A. Capital : 13 500 000 F. Administration : suppression : administrateur : MOORE (Stephen, Dennis). Nomination en qualité d' administrateur : DIAMOND (Howard, Sim). Commentaires : modification survenue sur la dénomination, l'administration et le capital (augmentation).
26/08/1997	Bodacc A	Création d'établissement
RCS *. RCS Versailles B 397 888 330 STREAM INTERNATIONAL S.A. Forme : S.A. Capital : 250 000 F. Adresse du siège social : 23, rue Louis-Bréguet 78140 Vélizy-Villacoublay Etablissement principal: Activité : sa division C.T. ayant pour activité revente et distribution de logiciels informatiques et de produits et services connexes ainsi que reproduction de logiciels informatiques. Adresse : 23, rue Louis- Bréguet 78140 Vélizy-Villacoublay Etablissement principal acquis par achat au prix stipulé de 147 060 473 F. Date d'effet : 1er juin 1997. Précédent propriétaire : : STREAM INTERNATIONAL INC. CORPORATE SOFTWARE INC. RCS RCS B 350 834 297 Publication légale: Journal Spécial des Sociétés du 5 aout 1997. Oppositions : au fonds.
16/08/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 397 888 330 RC RC 94-B 2035 STREAM INTERNATIONAL S.A. Sigle : S.T.R.E.A.M. Forme : S.A. Administration : président du conseil d' administration et administrateur : LECONTE (Pierre, Jean) Administrateurs : GREEN (Andrew, Peter) MOORE (Stephen, Dennis). Commissaire aux comptes titulaire : P.G.A. Commissaire aux comptes suppléant : MONGIN (Philippe). Commentaires : modification survenue sur l'administration.
18/02/1996	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397 888 330 RC 94-B 2035 STREAM INTERNATIONAL S.A. Sigle : STREAM. Forme : S.A. Administration : président du conseil d'administration et administrateur : NORTH (Richard, William). Administrateurs : GREEN ( Andrew, Peter) MOORE (Stephen, Dennis) . Commissaire aux comptes titulaire : P. G.A. Commissaire aux comptes suppléant : MONGIN (Philippe). Commentaires : modification survenue sur l' administration.
02/02/1996	Bodacc B	Modifications et mutations diverses
RCS *. RCS Versailles B 397 888 330 RC RC 94-B 2035 STREAM INTERNATIONAL S.A. Sigle : STREAM. Forme : S.A. Adresse du siège social : 23, rue Louis-Bréguet 78140 Vélizy-Villacoublay Etablissement principal: Adresse : 23, rue Louis- Bréguet 78140 Vélizy-Villacoublay. Commentaires : modification survenue sur le sigle, l'adresse du siège social et de l'établissement principal.
17/09/1995	Bodacc B	Modifications et mutations diverses
RCS Versailles B 397 888 330 RC 94-B 2035 STREAM INTERNATIONAL S.A. Forme : S. A. Commentaires : modification survenue sur la dénomination.

Company events history

Date	Description
25/07/2014	Bodacc C : Deposit accounts notice
11/07/2014	Update Limit
11/07/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
01/04/2014	Update Limit
01/04/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
27/11/2013	Bodacc B: Various editing or changing
21/11/2013	Update Limit
19/11/2013	New chairman (CEO, CoB)
19/11/2013	Minutes of general meeting of shareholders
19/11/2013	Amendment
15/10/2013	Update Limit
03/10/2013	Legal Gazette: Resignation / Revocation of the social representative
13/09/2013	Legal Gazette: Appointment of the social representative
30/06/2013	Bodacc C : Deposit accounts notice
23/05/2013	Bodacc B: Various editing or changing
14/05/2013	Changes to the Board of Directors
14/05/2013	Minutes of general meeting of shareholders
30/04/2013	Legal Gazette: Appointment of the social representative
28/03/2013	Bodacc B: Various editing or changing
20/03/2013	Minutes of general meeting of shareholders
20/03/2013	Changes to the Board of Directors
31/12/2012	New accounts available
14/11/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
29/09/2012	Bodacc C : Deposit accounts notice
01/02/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
06/05/2011	New ultimate parent
06/05/2011	New parent detected
31/12/2010	New accounts available
16/09/2010	Bodacc C : Deposit accounts notice
16/05/2010	Bodacc B: Various editing or changing
04/05/2010	Acte modificatif
04/05/2010	Legal Gazette: Head Office Transfer
04/05/2010	Updated articles of association
04/05/2010	Statuts mis à jour
04/05/2010	Transfert du Siège dans le ressort du Tribunal de Commerce
04/05/2010	Registered office transferred inside jurisdiction of the Commercial Court
04/05/2010	Amendment
15/04/2010	Update of Company Head Office Identifier
15/04/2010	Transfer of Establishment
10/01/2010	Bodacc B: Various editing or changing
31/12/2009	New accounts available
29/12/2009	Capital increase
29/12/2009	Modification du Conseil d'Administration
29/12/2009	Statuts mis à jour
29/12/2009	Fund deposit certificate
29/12/2009	Acte modificatif
29/12/2009	Updated articles of association
29/12/2009	Augmentation de Capital
14/08/2009	Bodacc C : Deposit accounts notice
09/08/2009	Bodacc B: Various editing or changing
31/07/2009	Minutes of general meeting of shareholders
31/07/2009	Appointment/resignation of company officers
31/07/2009	Acte modificatif
31/07/2009	Private document
19/03/2009	Bodacc B: Various editing or changing
11/03/2009	Minutes of general meeting of shareholders
11/03/2009	Nomination/démission des organes de gestion
11/03/2009	Private document
11/03/2009	Acte modificatif
11/03/2009	Appointment/resignation of company officers
31/12/2008	New accounts available
07/09/2008	New Bodacc B ads detected
07/09/2008	Bodacc B: Various editing or changing
27/08/2008	Minutes of Board meeting
27/08/2008	Acte modificatif
27/08/2008	Changement de Forme Juridique avec changement de catégorie
27/08/2008	New company name
27/08/2008	Changement de Président (PDG, PCA)
27/08/2008	New chairman (CEO, CoB)
27/08/2008	Réduction de Capital
27/08/2008	Capital reduction
27/08/2008	Modification du Conseil d'Administration
27/08/2008	Statuts mis à jour
27/08/2008	Updated articles of association
27/08/2008	Audit or Management Report
27/08/2008	Rapport des Commissaires ou du Gérant
27/08/2008	Changement de dénomination sociale
27/08/2008	Private document
29/07/2008	Bodacc C : Deposit accounts notice
27/06/2008	Minutes of general meeting of shareholders
27/06/2008	PV d'Assemblée
27/06/2008	Appointment/resignation of company officers
27/06/2008	Private document
27/06/2008	Changes to the Board of Directors
27/06/2008	Modification du Conseil d'Administration
27/06/2008	New chairman (CEO, CoB)
27/06/2008	Changement de Président (PDG, PCA)
27/06/2008	Capital reduction
27/06/2008	Réduction de Capital
27/06/2008	Acte modificatif
14/03/2008	New Bodacc B ads detected
14/03/2008	Bodacc B: Various editing or changing
11/03/2008	Acte modificatif
11/03/2008	Appointment/resignation of company officers
11/03/2008	Minutes of Board meeting
11/03/2008	Private document
11/03/2008	Modification du Conseil d'Administration
20/02/2008	Bodacc B: Various editing or changing
20/02/2008	New Bodacc B ads detected
31/12/2007	New accounts available
28/12/2007	Bodacc B: Various editing or changing
28/12/2007	New Bodacc B ads detected
29/11/2007	PV d'Assemblée
29/11/2007	Minutes of general meeting of shareholders
29/11/2007	Appointment/resignation of company officers
29/11/2007	Modification du Conseil d'Administration
29/11/2007	Private document
20/11/2007	Modification du Conseil d'Administration
20/11/2007	Minutes of Board meeting
20/11/2007	Appointment/resignation of company officers
20/11/2007	Private document
20/11/2007	Acte modificatif
13/08/2007	Private document
13/08/2007	Changes to the Board of Directors
13/08/2007	Capital reduction
13/08/2007	Réduction de Capital
13/08/2007	Augmentation de Capital
13/08/2007	Capital increase
13/08/2007	Acte modificatif
13/08/2007	Updated articles of association
13/08/2007	Statuts mis à jour
13/08/2007	Minutes of Board meeting
13/08/2007	Minutes of general meeting of shareholders
13/08/2007	PV d'Assemblée
13/08/2007	Appointment/resignation of company officers
13/08/2007	Fund deposit certificate
19/04/2007	Minutes of Board meeting
19/04/2007	PV du Conseil d'Administration
19/04/2007	Changement de Président (PDG, PCA)
19/04/2007	Acte modificatif
19/04/2007	Private document
19/04/2007	Appointment/resignation of company officers
19/04/2007	New chairman (CEO, CoB)
18/04/2007	Modification du Conseil d'Administration
18/04/2007	Changes to the Board of Directors
18/04/2007	PV d'Assemblée
18/04/2007	Minutes of general meeting of shareholders
18/04/2007	Nomination/démission des organes de gestion
18/04/2007	Appointment/resignation of company officers
18/04/2007	Private document
22/03/2007	PV du Conseil d'Administration
22/03/2007	Acte modificatif
22/03/2007	Appointment/resignation of company officers
22/03/2007	Modification du Conseil d'Administration
22/03/2007	Private document
22/03/2007	Changes to the Board of Directors
22/03/2007	Minutes of Board meeting
31/12/2006	New accounts available
29/11/2006	Statuts mis à jour
29/11/2006	Updated articles of association
29/11/2006	Private document
29/11/2006	Minutes of general meeting of shareholders
29/11/2006	PV d'Assemblée
29/11/2006	New company name
29/11/2006	Changement de dénomination sociale
08/11/2006	Minutes of Board meeting
08/11/2006	PV du Conseil d'Administration
08/11/2006	Minutes of general meeting of shareholders
08/11/2006	Appointment/resignation of company officers
08/11/2006	Nomination/démission des organes de gestion
08/11/2006	Private document
08/11/2006	Changes to the Board of Directors
08/11/2006	Modification du Conseil d'Administration
08/11/2006	PV d'Assemblée
08/11/2006	Acte modificatif
19/06/2006	Requête et Ordonnance
19/06/2006	Prorogation de durée
31/12/2005	New accounts available
05/09/2005	Continuation of business despite loss of equity
05/09/2005	Acte sous seing privé
05/09/2005	Minutes of general meeting of shareholders
05/09/2005	PV d'Assemblée
05/09/2005	Acte modificatif
05/09/2005	Continuation malgré perte supérieure à la moitié du capital
05/09/2005	Private document
01/03/2005	Augmentation de Capital
01/03/2005	Capital increase
01/03/2005	Capital reduction
01/03/2005	Réduction de Capital
01/03/2005	Changes to the Board of Directors
01/03/2005	Modification du Conseil d'Administration
01/03/2005	Reconstitution de l'Actif Net
01/03/2005	Acte sous seing privé
01/03/2005	Private document
01/03/2005	Certificat de dépôt des fonds
01/03/2005	Fund deposit certificate
01/03/2005	Appointment/resignation of company officers
01/03/2005	Nomination/démission des organes de gestion
01/03/2005	Minutes of general meeting of shareholders
01/03/2005	PV d'Assemblée
01/03/2005	Statuts mis à jour
01/03/2005	Updated articles of association
31/12/2004	New accounts available
13/12/2004	Private document
13/12/2004	Modification du Conseil d'Administration
13/12/2004	Changes to the Board of Directors
13/12/2004	Minutes of Board meeting
13/12/2004	PV du Conseil d'Administration
13/12/2004	New chairman (CEO, CoB)
13/12/2004	Changement de Président (PDG, PCA)
13/12/2004	Appointment/resignation of company officers
13/12/2004	Nomination/démission des organes de gestion
13/12/2004	Acte modificatif
13/12/2004	Acte sous seing privé
09/12/2004	Nomination/démission des organes de gestion
09/12/2004	Private document
09/12/2004	Acte sous seing privé
09/12/2004	PV d'Assemblée
09/12/2004	Minutes of general meeting of shareholders
09/12/2004	Acte modificatif
09/12/2004	Appointment/resignation of company officers
09/12/2004	Minutes of Board meeting
09/12/2004	PV du Conseil d'Administration
09/12/2004	Changement de Président (PDG, PCA)
09/12/2004	New chairman (CEO, CoB)
09/12/2004	Modification du Conseil d'Administration
09/12/2004	Changes to the Board of Directors
08/12/2004	Modification du Conseil d'Administration
08/12/2004	PV d'Assemblée
08/12/2004	Appointment/resignation of company officers
08/12/2004	Private document
08/12/2004	Changes to the Board of Directors
08/12/2004	Nomination/démission des organes de gestion
08/12/2004	Acte sous seing privé
08/12/2004	Minutes of general meeting of shareholders
13/08/2004	Private document
13/08/2004	Acte sous seing privé
13/08/2004	Modification du Conseil d'Administration
13/08/2004	Changes to the Board of Directors
13/08/2004	Updated articles of association
13/08/2004	Statuts mis à jour
13/08/2004	PV d'Assemblée
13/08/2004	Minutes of general meeting of shareholders
13/08/2004	Nomination/démission des organes de gestion
13/08/2004	Appointment/resignation of company officers
08/06/2004	Requête et Ordonnance
08/06/2004	Prorogation de durée
31/12/2003	New accounts available
14/10/2003	PV d'Assemblée
14/10/2003	Changement de Président (PDG, PCA)
14/10/2003	Nomination/démission des organes de gestion
14/10/2003	Modification du Conseil d'Administration
14/10/2003	PV du Conseil d'Administration
14/10/2003	Acte sous seing privé
14/10/2003	Acte modificatif
08/07/2003	Requête et Ordonnance
08/07/2003	Prorogation de durée
17/03/2003	Nomination/démission des organes de gestion
17/03/2003	Acte sous seing privé
17/03/2003	PV d'Assemblée
17/03/2003	Statuts mis à jour
17/03/2003	Changement de Commissaire aux Comptes
09/10/2002	Statuts mis à jour
09/10/2002	Changement de dénomination sociale
09/10/2002	Continuation malgré perte supérieure à la moitié du capital
09/10/2002	Acte sous seing privé
09/10/2002	PV d'Assemblée
13/06/2002	Prorogation de durée
13/06/2002	Requête et Ordonnance
01/01/2002	Requête et Ordonnance
08/10/2001	PV d'Assemblée
08/10/2001	Acte sous seing privé
08/10/2001	Changement de dénomination sociale
08/10/2001	Statuts mis à jour
17/01/2001	Statuts mis à jour
17/01/2001	PV d'Assemblée
17/01/2001	Nomination/démission des organes de gestion
17/01/2001	Réduction de Capital
17/01/2001	Conversion du Capital Social en Euros
17/01/2001	Acte sous seing privé
24/03/1998	Nomination/démission des organes de gestion
24/03/1998	Modification du Conseil d'Administration
24/03/1998	PV d'Assemblée
24/03/1998	Acte sous seing privé
24/09/1997	Changement de dénomination sociale
24/09/1997	Réduction de Capital
24/09/1997	Augmentation de Capital
24/09/1997	Rapport des Commissaires ou du Gérant
24/09/1997	Statuts mis à jour
24/09/1997	PV d'Assemblée
24/09/1997	Nomination/démission des organes de gestion
24/09/1997	Certificat de dépôt des fonds
24/09/1997	Acte sous seing privé
24/09/1997	Modification du Conseil d'Administration
31/07/1996	PV du Conseil d'Administration
31/07/1996	Acte modificatif
31/07/1996	Changement de Président (PDG, PCA)
31/07/1996	PV d'Assemblée
31/07/1996	Nomination/démission des organes de gestion
31/07/1996	Modification du Conseil d'Administration
02/02/1996	Continuation malgré perte supérieure à la moitié du capital
02/02/1996	Acte modificatif
02/02/1996	Statuts mis à jour
02/02/1996	PV d'Assemblée
17/01/1996	Changement de date de clôture
17/01/1996	Statuts mis à jour
17/01/1996	Acte modificatif
17/01/1996	PV d'Assemblée
17/01/1996	Transfert du Siège dans le ressort du Tribunal de Commerce
31/08/1995	Statuts mis à jour
31/08/1995	PV d'Assemblée
31/08/1995	Acte modificatif
31/08/1995	Changement de dénomination sociale
01/08/1994	Formation de Société
01/08/1994	PV d'Assemblée
01/08/1994	Certificat de dépôt des fonds
01/08/1994	Nomination/démission des organes de gestion
01/08/1994	Acte sous seing privé
01/08/1994	Statuts

Directors

Shareholder(s)

Name	INSIGHT ENTERPRISES HOLDINGS BV
Name of representative
Manager position	President	Date of birth
Place of birth
Type	Moral person	Name at birth

Name	M. DUTHEIL DE LA ROCHERE FOUCAULT
Manager position	Managing director	Date of birth	11/05/1960
Place of birth	PARIS
Type	Individual	Name at birth

Previous Directors

View the directors history for this company

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Manager position	Title and name	Date of Birth/Place of Birth
President	M STUART ANDREW FENTON	7/31/1968 - CARSHALTON(ROYAUME-UNI)
Managing director	M ERIC LECOQ	- - -
Managing director not administrator	M GUY SAKELARIO	- - -
Administrator	M RICHARD FENNESSY	- - -
Administrator	M STUART FENTON	- - -
Administrator	M THORSTEN THIEDE	- - -

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.04
UK Pound	1	Rs.98.64
Euro	1	Rs.77.74

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	SMN

RATING EXPLANATIONS

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

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

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

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

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