MIRA INFORM REPORT

Report Date :

06.09.2014

IDENTIFICATION DETAILS

Name :	ADVENTURE LAND
Registered Office :	29 A 41 29 RUE Bernard 93008 Bobigny Cedex
Country :	France
Financials (as on) :	30.09.2012
Date of Incorporation :	September 1988
Com. Reg. No.:	8 348 013 905
Legal Form :	Public limited company
Line of Business :	Manufacture of underwear
No of Employees :	20 to 49

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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 01, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
France	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	D

FRANCE ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

Company name and address

ADVENTURE LAND

		EUR VAT Number	FR75348013905
Activity (APE)	Manufacture of underwear	Legal form	Public limited company with board of directors
Phone	01 41 83 47 20	RCS Registration	RCS Bobigny 8 348 013 905
Fax		Share capital	1,000,000 Euros
Address	ADVENTURE LAND 29 A 41 29 RUE BERNARD 93008 BOBIGNY CEDEX	Incorporated Date	09/1988
Nationality	France	Status	Economically active

Last published Judgment	18/02/2014
No social security and tax office preferential right to date

Ultimate Holding Company
Company Name	Company number	Click here to view the affiliation links
ADVENTURE LAND	348013905

Current Directors

3

Trading to Date	09/30/2012	09/30/2011	09/30/2010
Turnover	13,794,929 €	27,194,140 €	14,250,178 €
Gross Operating Surplus	-18.01 % Turnover	-3.43 % Turnover	-8.39 % Turnover
Shareholders’ equity	1,356,349 €	4,429,833 €	4,148,667 €
Net result	-3,028,918 €	573,867 €	282,304 €
Employees	20 to 49 employees	-	-

Trends
Profitability
Liquidity
Net worth

company details

Company details

Activity (APE)	Manufacture of underwear (1414Z)
RCS Registration	RCS Bobigny 8 348 013 905	Share capital	1,000,000 Euros
Registration Court	Bobigny (93)	Legal form	Public limited company with board of directors
Court Registry Number	19 8 8B11686	EUR VAT Number	FR75348013905
Incorporation Date	09/1988	Formation Date	08/1988
Deregistration Date		Last account Date	30/09/2012
Nationality	France

Establishment details

Activity (APE)	Manufacture of underwear	Business Pages FT®	VETEMENTS POUR HOMMES (GRANDE TAILLE)
Postal Address	ADVENTURE LAND 29 A 41 29 RUE BERNARD 93008 BOBIGNY CEDEX	Trading Address	29 RUE BERNARD 93000 BOBIGNY
Telephone	01 41 83 47 20
Fax

Type	Head office	Status	Economically active
Formation Date	01/2003	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Seine-Saint-Denis (93)	Region	Ile-de-France
District	1	Area	07
City	BOBIGNY	Size of urban area	Paris conglomeration

Other establishments

Branches	2 branch entities in this company
Head office	Manufacture of underwear
Secondary establishments	Manufacture of underwear

Regionality	Legal unit with multiple establishments in many areas having at least 50% of workforce in same area
Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 50 to 80% of workforce

Workforces

Workforce at address

20 to 49 employees

Company workforce

20 to 49 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Financial data

Annual Accounts	30/09/2012	30/09/2011	30/09/2010
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	27/08/2013	06/09/2013	11/06/2013
Activity Code	1414Z	1414Z	1414Z
Employees	0	36	31

Active account

Annual Accounts	30/09/2012		30/09/2011		30/09/2010	Sector Median2012
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	939,482	-5.9%	997,954	-24.9%	1,329,369	71,669	1210.9%
- Intangible assets	206,698	51.3%	136,645	-10.4%	152,499	13,953	1381.4%
- Tangible assets	616,170	-16.8%	740,240	-28.8%	1,039,931	23,182	2558.0%
- Financial assets	116,614	-3.7%	121,069	-11.6%	136,939	6,302	1750.4%
Net current assets	13,711,205	-5.5%	14,514,302	7.4%	13,512,104	671,532	1941.8%
- Stocks	4,347,098	17.2%	3,708,753	-11.2%	4,177,428	87,193	4885.6%
- Advanced payments	10,541	-5.5%	97,615	128.3%	42,759	0	0%
- Receivables	9,323,461	-11.6%	10,548,311	14.3%	9,230,584	212,682	4283.8%
- Securities and cash	30,105	-81.1%	159,623	160.3%	61,333	80,068	-62.4%
- Prepaid expenses	-	-	-	-	-	168.50	-
Accounts of regularization	441	-99.8%	292,258	61.9%	180,481	0	0%
Total Assets	14,651,130	-7.3%	15,804,515	5.2%	15,021,956	824,181	1677.7%

Passive Account

Annual Accounts	30/09/2012		30/09/2011		30/09/2010	Sector Median2012
Shareholders' equity	1,356,349	-69.4%	4,429,833	6.8%	4,148,667	275,389	392.5%
Share capital	1,000,000	0%	1,000,000	0%	1,000,000	80,000	1150.0%
Other capital resources	0	0%	0	0%	0	0	0%
Risk Provisions	62,698	-78.5%	292,258	61.9%	180,481	0	0%
Liabilities	13,131,025	18.6%	11,074,018	3.6%	10,692,613	341,660	3743.3%
- Financial liabilities	5,025,702	1268.2%	367,320	-87.5%	2,939,653	36,611	13627.3%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	6,122,312	-15.2%	7,223,651	30.0%	5,558,600	73,561	8222.8%
- Tax and social liabilities	1,880,564	-15.2%	2,218,173	92.5%	1,152,059	113,854	1551.7%
- Other debts and fixed assets liabilities	166,004	-87.0%	1,273,281	22.1%	1,042,495	9,000	1744.5%
Account regularization	37,500	0%	0	0%	0	0	0%
Total liabilities	14,651,129	-7.3%	15,804,515	5.2%	15,021,956	789,116	1756.7%

Results

Annual Accounts	30/09/2012		30/09/2011		30/09/2010	Sector Median2012
Sales of Goods	15,486,074	-48.2%	29,868,595	82.4%	16,376,246	1,208,026	1181.9%
Net turnover	13,794,929	-49.3%	27,194,140	90.8%	14,250,178	1,114,201	1138.1%
- of which net export turnover	342,538	147.9%	138,167	-77.9%	626,041	1,449	23539.6%
Operating charges	17,083,629	-40.8%	28,847,770	78.2%	16,188,874	1,142,071	1395.8%
Operating profit/loss	-1,597,555	-256.5%	1,020,825	444.8%	187,372	1,665	-96049.2%
Financial income	588,263	-45.8%	1,084,466	141.5%	449,016	2,814	20804.9%
Financial charges	693,674	-40.4%	1,164,774	104.6%	569,350	1,883	36738.8%
Financial profit/loss	-105,411	-31.3%	-80,308	33.3%	-120,334	-75	-140448.0%
Pretax net operating income	-1,702,966	-281.1%	940,517	1303.0%	67,038	1,499	-113706.8%
Extraordinary income	78,816	-86.7%	594,713	246.0%	171,906	1,417	5462.2%
Extraordinary charges	576,894	-54.0%	1,252,943	1012.2%	112,654	681	84612.8%
Extraordinary profit/loss	-498,078	24.3%	-658,230	-1210.9%	59,252	0	0%
Net result	-3,028,918	-627.8%	573,867	103.3%	282,304	8,229	-36907.9%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/09/2012	30/09/2011	30/09/2010
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			30/09/2012		30/09/2011		30/09/2010
	Grand Total (I to VI)	Net	14,651,130	-7.3%	15,804,515	5.2%	15,021,956
	Gross	CO	17,470,020	-5.3%	18,451,440	6.5%	17,321,719
	Amortisation	1A	2,818,890	6.5%	2,646,925	15.1%	2,299,763

Non declared distributed capital (I)

		30/09/2012		30/09/2011		30/09/2010
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	-	-	-	-

Active fixed asset (II)

			30/09/2012		30/09/2011		30/09/2010
	Total Active fixed asset (II)	Net	939,482	-5.9%	997,954	-24.9%	1,329,369
	Gross	BJ	2,905,927	2.8%	2,827,575	-1.9%	2,883,775
	Amortisation	BK	1,966,445	7.5%	1,829,621	17.7%	1,554,406

Intangilble fixed assets

			30/09/2012		30/09/2011		30/09/2010
	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	191,453	82.3%	105,021	72.1%	61,030
	Gross	AF	731,336	15.3%	634,450	14.7%	553,161
	Amortisation	AG	539,883	2.0%	529,429	7.6%	492,131
	Goodwill	Net	15,245	0%	15,245	-83.3%	91,469
	Gross	AH	15,245	0%	15,245	-83.3%	91,469
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	16,379	0%	0
	Gross	AJ	0	0%	16,379	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	206,698	51.3%	136,645	-10.4%	152,499

Tangilble fixed assets

			30/09/2012		30/09/2011		30/09/2010
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	529,917	0%	0	0%	666,230
	Gross	AP	1,026,658	0%	0	0%	1,021,784
	Amortisation	AQ	496,741	0%	0	0%	355,554
	Plant	Net	5,243	-99.1%	581,763	7223.3%	7,944
	Gross	AR	147,426	-85.6%	1,026,658	2665.9%	37,119
	Amortisation	AS	142,183	-68.0%	444,895	1424.9%	29,175
	Other tangible fixed assets	Net	81,010	1012.0%	7,285	-98.0%	365,757
	Gross	AT	868,648	489.2%	147,426	-85.9%	1,043,303
	Amortisation	AU	787,638	462.0%	140,141	-79.3%	677,546
	Fixed assets in construction	Net	0	0%	151,192	0%	0
	Gross	AV	0	0%	866,348	0%	0
	Amortisation	AW	0	0%	715,156	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	616,170		740,240		1,039,931

Financial assets

			30/09/2012		30/09/2011		30/09/2010
	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	24,024	0%	24,024	0.5%	23,898
	Gross	CU	24,024	0%	24,024	0.5%	23,898
	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	92,590	-4.6%	97,045	-14.2%	113,041
	Gross	BH	92,590	-4.6%	97,045	-14.2%	113,041
	Amortisation	BI	0	0%	0	0%	0
	Sub Total Financial Assets		116,614		121,069		136,939

Current Assets (III)

			30/09/2012		30/09/2011		30/09/2010
	Total Assets	Net	13,711,205	-5.5%	14,514,302	7.4%	13,512,104
	Gross	CJ	14,563,651	-5.0%	15,331,607	7.5%	14,257,461
	Amortisation	CK	852,446	4.3%	817,305	9.7%	745,357

Stocks

			30/09/2012		30/09/2011		30/09/2010
	Raw materials	Net	979,517	-56.1%	2,233,738	0%	2,233,738
	Gross	BL	1,297,639	-47.7%	2,479,478	0%	2,479,478
	Amortisation	BM	318,122	29.5%	245,740	0%	245,740
	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	406,236	0%	406,236	-36.0%	634,627
	Gross	BR	657,224	0%	657,224	-23.8%	862,706
	Amortisation	BS	250,988	0%	250,988	10.0%	228,079
	Goods for resale	Net	2,961,345	177.1%	1,068,779	-18.4%	1,309,063
	Gross	BT	3,036,004	184.1%	1,068,779	-18.4%	1,309,063
	Amortisation	BU	74,659	0%	0	0%	0
	Sub Total Stocks	Net	4,347,098	17.2%	3,708,753	-11.2%	4,177,428

Advance payments to suppliers

			30/09/2012		30/09/2011		30/09/2010
	Advance payments to suppliers	Net	10,541	-89.2%	97,615	128.3%	42,759
	Gross	BV	10,541	-89.2%	97,615	128.3%	42,759
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/09/2012		30/09/2011		30/09/2010
	Trade accounts receivable	Net	7,116,465	-8.2%	7,749,158	72.6%	4,489,222
	Gross	BX	7,325,142	-9.2%	8,069,735	69.5%	4,760,760
	Amortisation	BY	208,677	-34.9%	320,577	18.1%	271,538
	Other debtors	Net	1,821,773	-27.2%	2,502,784	-22.6%	3,233,266
	Gross	BZ	1,821,773	-27.2%	2,502,784	-22.6%	3,233,266
	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	8,938,238	-12.8%	10,251,942	32.8%	7,722,488

Divers

			30/09/2012		30/09/2011		30/09/2010
	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	30,105	-81.1%	159,623	160.3%	61,333
	Gross	CF	30,105	-81.1%	159,623	160.3%	61,333
	Amortisation	CG	0	0%	0	0%	0
	Sub Total Divers	Net	30,105	-81.1%	159,623	160.3%	61,333

Prepaid expenses

			30/09/2012		30/09/2011		30/09/2010
	Prepaid expenses	Net	385,223	30.0%	296,369	-80.3%	1,508,096
	Gross	CH	385,223	30.0%	296,369	-80.3%	1,508,096
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/09/2012		30/09/2011		30/09/2010
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	441	-99.8%	292,258	61.9%	180,481
Gross		441	-99.8%	292,258	61.9%	180,481

References

		30/09/2012		30/09/2011		30/09/2010
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	716,086	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)

		30/09/2012		30/09/2011		30/09/2010
Grand Total (I to V)	EE	14,651,129	-7.3%	15,804,515	5.2%	15,021,956

Shareholder Equity (I)

			30/09/2012		30/09/2011		30/09/2010
	Total shareholders' equity (Total I)	DL	1,356,349	-69.4%	4,429,833	6.8%	4,148,667
	Equity and shareholders' equity	DA	1,000,000	0%	1,000,000	0%	1,000,000
	Issue and merger premiums	DB	455,434	-8.9%	499,999	0%	499,999
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	100,000	0%	100,000	0%	100,000
	Statutory or contractual reserve	DE	4,364	0%	4,364	0%	4,364
	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%	0	0%	0
	Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
	Profits or losses brought forward	DH	2,825,469	25.5%	2,251,603	4.6%	2,153,298
	Profit or loss for the period	DI	-3,028,918	-627.8%	573,867	103.3%	282,304
	Investment grants	DJ	0	0%	0	0%	108,702
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			30/09/2012		30/09/2011		30/09/2010
	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)

			30/09/2012		30/09/2011		30/09/2010
	Total provisions for risks and charges (Total III)	DR	62,698	-78.5%	292,258	61.9%	180,481
	Risk provisions	DP	62,698	-78.5%	292,258	61.9%	180,481
	Reserves for charges	DQ	0	0%	0	0%	0

Liabilities (IV)

			30/09/2012		30/09/2011		30/09/2010
	Total Liabilities (Total IV)	EC	13,131,025	18.6%	11,074,018	3.6%	10,692,613
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	904,577	270.3%	244,286	-89.0%	2,222,907
	Sundry loans and financial liabilities	DV	4,121,125	3249.6%	123,034	-82.8%	716,746
	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	6,122,312	-15.2%	7,223,651	30.0%	5,558,600
	Tax and social security liabilities	DY	1,880,564	-15.2%	2,218,173	92.5%	1,152,059
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	64,947	-94.9%	1,264,874	21.4%	1,042,301

Translation loss (V)

		30/09/2012		30/09/2011		30/09/2010
Translation loss (Total V)	ED	101,057	1102.1%	8,407	4233.5%	194

Equalization accounts

		30/09/2012		30/09/2011		30/09/2010
Deferred income	EB	37,500	0%	0	0%	0

References

		30/09/2012		30/09/2011		30/09/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	11,074,018	0%	0
Of which current bank facilities	EH	0	0%	221,682	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)

		30/09/2012		30/09/2011		30/09/2010
Operating result (Total I-II)	GG	-1,597,555	-256.5%	1,020,825	444.8%	187,372

2 -Financial result(V - VI)

		30/09/2012		30/09/2011		30/09/2010
Financial result (Total V-VI)	GV	-105,411	-31.3%	-80,308	33.3%	-120,334

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

		30/09/2012		30/09/2011		30/09/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-1,702,966	-281.1%	940,517	1303.0%	67,038

4 -Extraordinary result(VII-VIII)

		30/09/2012		30/09/2011		30/09/2010
Extraordinary result (Total VII-VIII)	HI	-498,078	24.3%	-658,230	-1210.9%	59,252

Profit or loss

		30/09/2012		30/09/2011		30/09/2010
Profit or loss	HN	-3,028,918	-627.8%	573,867	103.3%	282,304

Total Income (I+III+V+VII)

		30/09/2012		30/09/2011		30/09/2010
Total Income (I+III+V+VII)	HL	16,153,153	-48.8%	31,547,774	85.6%	16,997,168

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

		30/09/2012		30/09/2011		30/09/2010
Total charges (Total II+IV+VI+VIII+IX+X)	HM	19,182,071	-38.1%	30,973,908	85.3%	16,714,864

Operating income(I)

		30/09/2012		30/09/2011		30/09/2010
Total operating income (Total I)	FR	15,486,074	-48.2%	29,868,595	82.4%	16,376,246

Operating income (details)

			30/09/2012		30/09/2011		30/09/2010
	Sale of goods for resale	FC	13,477,854	-50.3%	27,092,900	90.1%	14,250,178
	France	FA	13,435,316	-50.2%	27,000,481	98.2%	13,624,137
	Export	FB	42,538	-54.0%	92,419	-85.2%	626,041
	Sale of goods produced	FF	299,175	439.1%	55,492	0%	0
	France	FD	-825	-101.5%	55,492	0%	0
	Export	FE	300,000	0%	0	0%	0
	Sale of services	FI	17,900	-60.9%	45,748	0%	0
	France	FG	17,900	0%	0	0%	0
	Export	FH	0	0%	45,748	0%	0
	Net turnover	FL	13,794,929	-49.3%	27,194,140	90.8%	14,250,178
	France	FJ	13,452,391	-50.3%	27,055,973	98.6%	13,624,137
	Export	FK	342,538	147.9%	138,167	-77.9%	626,041
	Stocked production	FM	0	0%	-205,482	0%	0
	Self-constructed assets	FN	0	0%	0	0%	0
	Operating grants	FO	3,916	-83.3%	23,400	-27.1%	32,118
	Release of reserves and provisions	FP	486,135	-67.0%	1,473,195	43.8%	1,024,452
	Other income	FQ	1,201,094	-13.2%	1,383,342	29.3%	1,069,498

Operating charges(II)

		30/09/2012		30/09/2011		30/09/2010
Total operating charges (Total II)	GF	17,083,629	-40.8%	28,847,770	78.2%	16,188,874

Exploitation charges

		30/09/2012		30/09/2011		30/09/2010
Purchase of goods for resale	FS	11,441,709	-35.7%	17,796,540	101.3%	8,839,766
Change in stocks of goods for resale	FT	-1,967,224	-918.7%	240,284	-9.2%	264,737
Purchase of raw materials	FU	3,806	0%	0	0%	0
Change in stocks of raw materials	FV	1,181,839	0%	0	0%	84,992
Other external purchases and charges	FW	3,221,587	-46.1%	5,977,226	35.8%	4,402,534
Tax, duty and similar payments	FX	177,853	-37.2%	283,267	66.5%	170,116
Payroll	FY	1,587,386	-39.3%	2,613,791	112.8%	1,228,190
Social security costs	FZ	636,175	-38.4%	1,032,470	112.0%	486,976

Depreciation

		30/09/2012		30/09/2011		30/09/2010
Depreciation of fixed assets	GA	136,824	-55.1%	304,619	8.2%	281,609
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	351,053	170.6%	129,711	-3.4%	134,295
Provisions for risks and charges	GD	0	0%	0	0%	0

Other charges

		30/09/2012		30/09/2011		30/09/2010
Other charges	GE	312,621	-33.5%	469,862	58.9%	295,659

Operating charges (III-IV)

		30/09/2012		30/09/2011		30/09/2010
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)

			30/09/2012		30/09/2011		30/09/2010
	Total financial income (Total V)	GP	588,263	-45.8%	1,084,466	141.5%	449,016
	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	14,062	65.5%	8,496	-87.9%	70,031
	Released provisions and transferred charges	GM	292,258	61.9%	180,481	0%	0
	Exchange gains	GN	281,943	-68.5%	895,489	136.3%	378,985
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			30/09/2012		30/09/2011		30/09/2010
	Total financial charge (Total VI)	GU	693,674	-40.4%	1,164,774	104.6%	569,350
	Financial reserves and provisions	GQ	441	-99.8%	292,258	61.9%	180,481
	Interest and similar charges	GR	100,557	-17.7%	122,218	-22.5%	157,599
	Exchange losses	GS	592,676	-21.0%	750,298	224.4%	231,270
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income(VII)

			30/09/2012		30/09/2011		30/09/2010
	Total extraordinary income (Total VII)	HD	78,816	-86.7%	594,713	246.0%	171,906
	Extraordinary operating income	HA	78,816	387.2%	16,177	-77.5%	71,895
	Extraordinary income from capital transactions	HB	0	0%	578,536	1753.6%	31,211
	Released provisions and transferred charges	HC	0	0%	0	0%	68,800

Extraordinary charges(VIII)

			30/09/2012		30/09/2011		30/09/2010
	Total extraordinary charges (Total VIII)	HH	576,894	-54.0%	1,252,943	1012.2%	112,654
	Extraordinary operating charges	HE	483,219	-52.0%	1,006,888	1675.8%	56,702
	Extraordinary charges from capital transactions	HF	31,418	-87.2%	246,055	339.8%	55,952
	Extraordinary reserves and provisions	HG	62,257	0%	0	0%	0

Employee profit sharing(IX)

		30/09/2012		30/09/2011		30/09/2010
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits(X)

		30/09/2012		30/09/2011		30/09/2010
Tax on profits (Total X)	HK	827,874	383.9%	-291,579	-86.9%	-156,014

References

		30/09/2012		30/09/2011		30/09/2010
Of which equipment leases	HP	0	0%	0	0%	43,539
Of which property leases	HQ	50,034	0%	0	0%	0
Of which transferred charges	A1	16,780	0%	0	0%	0
Of which trader's own contributions	A2	170,224	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	12,500	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	188,422	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)

			30/09/2012		30/09/2011		30/09/2010
	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%	30,000
	Decreasess by transfers	OK2	4,455	-99.0%	428,483	1297.6%	30,658
	Gross value at the end of period	OL	2,905,927	2.8%	2,827,575	-1.9%	2,883,777

Research and development Charge (Total I)

			30/09/2012		30/09/2011		30/09/2010
	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)

			30/09/2012		30/09/2011		30/09/2010
	Gross value at begin of period	KD	666,074	3.3%	644,631	2.0%	632,131
	Increasess due to revaluation	KE	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	KF	80,507	-33.9%	121,829	874.6%	12,500
	Decreasess by budget item transfer	LV1	0	0%	0	0%	0
	Decreasess by transfers	LV2	0	0%	100,386	0%	0
	Gross value at the end of period	LW	746,581	12.1%	666,074	3.3%	644,631

Tangible fixed assets (Total III)

			30/09/2012		30/09/2011		30/09/2010
	Gross value at begin of period	LN	2,040,432	-2.9%	2,102,206	3.2%	2,036,186
	Increasess due to revaluation	LO	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LP	2,300	-99.1%	248,542	276.5%	66,019
	Decreasess by budget item transfer	NG1	0	0%	0	0%	0
	Decreasess by transfers	NG2	0	0%	310,316	0%	0
	Gross value at the end of period	NH	2,042,732	0.1%	2,040,432	-2.9%	2,102,205

Fiancial assets (Total IV)

			30/09/2012		30/09/2011		30/09/2010
	Gross value at begin of period	LQ	121,069	-11.6%	136,939	-30.3%	196,564
	Increasess due to revaluation	LR	0	0%	0	0%	0
	Increasess, acquisitions, creations, contributions	LS	0	0%	1,911	85.0%	1,033
	Decreasess by budget item transfer	NJ1	0	0%	0	0%	30,000
	Decreasess by transfers	NJ2	4,455	-74.9%	17,781	-42.0%	30,658
	Gross value at the end of period	NK	116,614	-3.7%	121,069	-11.6%	136,939

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

			30/09/2012		30/09/2011		30/09/2010
	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)

			30/09/2012		30/09/2011		30/09/2010
	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)

			30/09/2012		30/09/2011		30/09/2010
	Reserve for depreciation value at begin of period	PE	529,429	7.6%	492,131	28.4%	383,345
Increases		PF	10,454	-82.3%	59,020	-44.6%	106,514
Decreasess		PG	0	0%	21,722	1056.1%	-2,272
	Decreasess by budget item transfer	PH	539,883	2.0%	529,429	7.6%	492,131

Total fixed assets amotisation(Total III)

			30/09/2012		30/09/2011		30/09/2010
	Reserve for depreciation value at begin of period	QU	1,300,192	22.4%	1,062,275	23.3%	861,357
Increases		QV	126,370	-48.5%	245,598	40.3%	175,095
Decreases		QW	0	0%	7,683	129.8%	-25,821
	Decreasess by budget item transfer	QX	1,426,562	9.7%	1,300,190	22.4%	1,062,273

Movements during period affecting charge allocated over several period

Charges à répartir ou frais d'émission d'emprunt

			30/09/2012		30/09/2011		30/09/2010
	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

			30/09/2012		30/09/2011		30/09/2010
	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)

			30/09/2012		30/09/2011		30/09/2010
	Value at begining of period	7C	1,109,562	19.8%	925,838	35.9%	681,299
Increases		UB	896,978	112.6%	421,969	3.0%	409,557
Decreases		UC	608,169	155.3%	238,244	44.4%	165,019
	Value at the end of period	UD	1,398,371	26.0%	1,109,563	19.8%	925,837

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)

			30/09/2012		30/09/2011		30/09/2010
	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)

			30/09/2012		30/09/2011		30/09/2010
	Value at begining of period	5Z	292,258	61.9%	180,481	162.3%	68,800
Increases		TV	62,698	-78.5%	292,258	61.9%	180,481
Decreases		TW	292,258	61.9%	180,481	162.3%	68,800
	Value at the end of period	TX	62,698	-78.5%	292,258	61.9%	180,481

Total Provision for depreciation (Total III)

			30/09/2012		30/09/2011		30/09/2010
	Value at begining of period	7B	817,305	9.7%	745,357	21.7%	612,500
Increases		TY	834,280	543.2%	129,711	-43.4%	229,076
Decreases		TZ	315,912	446.9%	57,764	-40.0%	96,219
	Value at the end of period	UA	1,335,673	63.4%	817,304	9.7%	745,357

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

		30/09/2012		30/09/2011		30/09/2010
Gross value	VT	9,550,250	-12.9%	10,965,932	14.0%	9,615,163
1 year at most	VU	8,741,574	-9.9%	9,707,170	29.9%	7,472,296
More than one year	VV	808,676	-35.8%	1,258,762	-41.3%	2,142,867

State of loans

		30/09/2012		30/09/2011		30/09/2010
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	92,590	-4.6%	97,045	-14.2%	113,041
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		30/09/2012		30/09/2011		30/09/2010
Customers doubtful or disputed	VA	255,144	-30.1%	365,179	16.7%	312,924
Other claims customer	UX	7,069,998	-8.2%	7,704,555	73.2%	4,447,835
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	9,818	-27.7%	13,577	641.9%	1,830
Social Security and other social organizations	UZ	2,625	207.4%	854	-89.0%	7,750
Income taxes	VM	62,257	-73.6%	235,943	412.7%	46,021
Value added tax	VB	85,161	-65.6%	247,435	-0.3%	248,275
Other taxes and payments assimilated	VN	0	0%	59,440	0%	0
State and other public - Miscellaneous	VP	0	0%	0	0%	0
Group and Associates	VC	394,741	48.6%	265,580	-47.7%	507,697
Accounts receivable (including claims relating to the operation of pension titles)	VR	1,192,694	-29.0%	1,679,955	-30.6%	2,421,694

Prepaid

		30/09/2012		30/09/2011		30/09/2010
Prepaid	VS	385,223	30.0%	296,369	-80.3%	1,508,096

State Debt

			30/09/2012		30/09/2011		30/09/2010
	Total debt (gross)	VY	13,056,547	17.9%	11,074,018	3.6%	10,692,613
1 year at most		VZ2	13,056,547	17.9%	11,074,018	3.6%	10,692,613
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

			30/09/2012		30/09/2011		30/09/2010
	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%	244,286	-89.0%	2,222,907
1 year at most		VG2	0	0%	244,286	-89.0%	2,222,907
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	904,577	0%	0	0%	0
1 year at most		VH2	904,577	575.4%	133,938	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	6,045,002	-16.3%	7,223,651	30.0%	5,558,600
1 year at most		8B2	6,045,002	-16.3%	7,223,651	30.0%	5,558,600
More than 1 year and 5 years at most		8B3	6,045,002	-16.3%	7,223,651	30.0%	5,558,600
	Personnel and associated accounts (gross)	8C1	125,014	0%	0	0%	100,761
1 year at most		8C2	125,014	-6.7%	133,938	32.9%	100,761
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	216,782	-6.9%	232,819	67.5%	138,996
1 year at most		8D2	216,782	-6.9%	232,819	67.5%	138,996
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	85,908
1 year at most		8E2	0	0%	0	0%	85,908
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	1,432,254	-13.5%	1,655,766	181.6%	587,949
1 year at most		VW2	1,432,254	-13.5%	1,655,766	181.6%	587,949
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	109,347	-44.1%	195,649	-17.9%	238,446
1 year at most		VQ2	109,347	-44.1%	195,649	-17.9%	238,446
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	4,121,125	3249.6%	123,034	-82.8%	716,746
1 year at most		VI2	4,121,125	3249.6%	123,034	-82.8%	716,746
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	64,947	-94.9%	1,264,874	21.4%	1,042,301
1 year at most		8K2	64,947	-94.9%	1,264,874	21.4%	1,042,301
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	37,500	0%	0	0%	0
1 year at most		8L2	37,500	0%	0	0%	0
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		30/09/2012		30/09/2011		30/09/2010
Loans made during the period	VJ	0	0%	0	0%	0
Debt repaid during the period	VK	0	0%	0	0%	30,641

Table allocation results and other information
Dividends distributed

		30/09/2012		30/09/2011		30/09/2010
Dividends	ZE	0	0%	0	0%	0

Commitments

		30/09/2012		30/09/2011		30/09/2010
Commitments leasing furniture	YQ	186,665	0%	0	0%	65,768
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

		30/09/2012		30/09/2011		30/09/2010
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

		30/09/2012		30/09/2011		30/09/2010
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

		30/09/2012		30/09/2011		30/09/2010
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

		30/09/2012		30/09/2011		30/09/2010
Average number of employees	YP	0	0%	36	16.1%	31

Groups and Shareholders

		30/09/2012		30/09/2011		30/09/2010
Groups and Shareholders	ZR	0	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

		30/09/2012		30/09/2011		30/09/2010	Sector Median2012
Fixed Asset Financing		2.89	21.9%	2.37	-22.5%	3.06	2.30	25.7%
Global Debt		343days	133.3%	147days	-45.6%	270days	127days	170.1%
Working Capital Fund overall net		144days	182.4%	51days	-66.0%	150days	93days	54.8%
Financial independence		149.94%	-91.7%	1813.38%	871.6%	186.63%	635.44%	-76.4%
More ratios
Solvability		9.26%	-67.0%	28.03%	1.5%	27.62%	45.49%	-79.6%
Capacity debt futures		149.94%	-87.2%	1171.22%	527.6%	186.63%	1270.70%	-88.2%
Coverage of current assets by net working capital overall		38.83%	50.9%	25.74%	-44.8%	46.59%	47.78%	-18.7%
General Liquidity		0.67	-23.9%	0.88	25.7%	0.70	0.74	-9.5%
Restricted Liquidity		0.67	-24.7%	0.89	27.1%	0.70	1.24	-46.0%

Management or rotation

		30/09/2012		30/09/2011		30/09/2010	Sector Median2012
Need background in operating working capital		136days	209.1%	44days	-58.5%	106days	39.50days	244.3%
Treasury		1days	200%	-1days	-150.0%	2days	22.50days	-95.6%
Inventory turnover of goods		115days	447.6%	21days	-59.6%	52days	24days	379.2%
Average length of credit granted to customers		191days	78.5%	107days	-10.8%	120days	49days	289.8%
Average length of credit obtained suppliers		159days	47.2%	108days	-26.5%	147days	47days	238.3%
More ratios
Inventory turnover of raw materials in industrial enterprises		10080days	4.4%	9658days	577.3%	1426days	123.50days	8061.9%
Inventory turnover of intermediate and finished products in the industrial enterprise		675days	-49.4%	1333days	-	days	685days	-1.5%
Rotation tangible assets		675.32%	-49.3%	1332.76%	96.6%	677.87%	551.05%	22.6%

Profitability of the business

		30/09/2012		30/09/2011		30/09/2010	Sector Median2012
Margin trading		29.02%	-12.9%	33.30%	-7.8%	36.11	0%	0%
Profitability of the business		-18.01	-425.1%	-3.43	59.1%	-8.39	1.84%	-1078.8%
Net profit		-21.96%	-1140.8%	2.11%	6.6%	1.98%	1.21%	-1914.9%
More ratios
Growth rate of turnover (excluding VAT)		-49.27%	-154.2%	90.83%	717.1%	-14.72%	-0.34%	-14391.2%
Rates integration		-0.63%	-105.8%	10.94%	136.8%	4.62%	31.81%	-102.0%
Rate leasing furniture		0%	0%	0%	0%	0.31%	0%	0%
Work Factor		-2365.92%	-2030.1%	122.58%	-53.0%	260.60%	85.52%	-2866.5%
Weight interests		5.03	17.5%	4.28%	7.0%	4%	0.39%	1189.7%

Return on capital

		30/09/2012		30/09/2011		30/09/2010	Sector Median2012
Cash flow from the overall profitability		-20.28%	-758.4%	3.08%	-43.0%	5.40%	2.02%	-1104.0%
Rates of economic profitability		-39%	-105.3%	-19%	-11.8%	-17%	4%	-1075.0%
Financial profitability		1356349%	-69.4%	4429833%	6.8%	4148667%	275389%	392.5%
Return on investment		-36.59%	-201.0%	36.24%	201.7%	12.01%	4.66%	-885.2%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	30/09/2012		30/09/2011		30/09/2010	Sector Median2012
Turnover	13,794,929	-49.3%	27,194,140	90.8%	14,250,178	1,114,201 €	1138.1%

Sales of goods	13,477,854	-50.3%	27,092,900	90.1%	14,250,178
- Purchase of goods	11,441,709	-35.7%	17,796,540	101.3%	8,839,766
+/- Stock of goods variation	-1,967,224	-918.7%	240,284	-9.2%	264,737
Trading margin	4,003,369 €	-55.8%	9,056,076 €	76.0%	5,145,675 €	0 €	0%
	29.02 % CA	-12.9%	33.30 % CA	-7.8%	36.11 % CA	0 % CA	0%

Sale of goods produced	317,075	213.2%	101,240	0%	0
+/- Stocked production	0	0%	-205,482	0%	0
+ Self-constructed assets	0	0%	0	0%	0
Period production	317,075 €	404.2%	-104,242 €	0%	0 €	631,413 €	-49.8%
	2.30 % CA	705.3%	-0.38 % CA	0%	0.00 % CA	99.86 % CA	-97.7%

Trading margin	4,003,369	-55.8%	9,056,076	76.0%	5,145,675	0	0%
+ Period Production	317,075	404.2%	-104,242	0%	0	631,413	-49.8%
- Purchase of raw materials	3,806	0%	0	0%	0
+/- Change in stocks of raw materiels	1,181,839	0%	0	0%	84,992
- Other external purchases and charges	3,221,587	-46.1%	5,977,226	35.8%	4,402,534
Added value	-86,788 €	-102.9%	2,974,608 €	352.0%	658,149 €	282,989 €	-130.7%
	-0.63 % CA	-105.8%	10.94 % CA	136.8%	4.62 % CA	31.81 % CA	-102.0%

Added value	-86,788 €	-102.9%	2,974,608 €	352.0%	658,149 €	282,989 €	-130.7%
+ Operating grants	3,916	-83.3%	23,400	-27.1%	32,118
- Tax, duty and similar payments	177,853	-37.2%	283,267	66.5%	170,116
- Personal charges	2,223,561	-39.0%	3,646,261	112.6%	1,715,166
Gross operating surplus	-2,484,286 €	-166.7%	-931,520 €	22.0%	-1,195,015 €	2,865 €	-86811.6%
	-18.01 % CA	-425.1%	-3.43 % CA	59.1%	-8.39 % CA	1.84 % CA	-1078.8%

Gross operating surplus	-2,484,286 €	-166.7%	-931,520 €	22.0%	-1,195,015 €	2,865 €	-86811.6%
+ Release of reserves and provisions	486,135	-67.0%	1,473,195	43.8%	1,024,452
+ Other operating income	1,201,094	-13.2%	1,383,342	29.3%	1,069,498
- Depreciation/Amortisation	487,877	12.3%	434,330	4.4%	415,904
- Other charges	312,621	-33.5%	469,862	58.9%	295,659
Operating result	-1,597,555 €	-256.5%	1,020,825 €	444.8%	187,372 €	1,665 €	-96049.2%
	-11.58 % CA	-408.8%	3.75 % CA	186.3%	1.31 % CA	0.75 % CA	-1644.0%

Operating result	-1,597,555 €	-256.5%	1,020,825 €	444.8%	187,372 €	1,665 €	-96049.2%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	588,263	-45.8%	1,084,466	141.5%	449,016
- Financial charges	693,674	-40.4%	1,164,774	104.6%	569,350
Pre-tax result	-1,702,966 €	-281.1%	940,517 €	1303.0%	67,038 €	1,499 €	-113706.8%
	-12.34 % CA	-456.6%	3.46 % CA	636.2%	0.47 % CA	0.52 % CA	-2473.1%

Extraordinary income	78,816	-86.7%	594,713	246.0%	171,906	1,417	5462.2%
- Extraordinary charges	576,894	-54.0%	1,252,943	1012.2%	112,654
Extraordinary result	-498,078 €	24.3%	-658,230 €	-1210.9%	59,252 €	0 €	0%
	-3.61 % CA	-49.2%	-2.42 % CA	-676.2%	0 % CA	0 % CA	0%

Pre-tax result	-1,702,966 €	-281.1%	940,517 €	1303.0%	67,038 €	1,499 €	-113706.8%
Extraordinary result	-498,078 €	24.3%	-658,230 €	-1210.9%	59,252 €	0 €	0%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	827,874	383.9%	-291,579	-86.9%	-156,014
Net result	-3,028,918 €	-627.8%	573,866 €	103.3%	282,304 €	8,231 €	-36898.9%
	-21.96 % CA	-1140.8%	2.11 % CA	6.6%	1.98 % CA	1.21 % CA	-1914.9%

judgements

Collective procedures

Courts

No judgment information for the company coming from Court

Rncs

No judgment information for the company coming from Rncs

Bodacc

Judgment	Homologation de concordat	Effective date	18/02/2014
Court	Bobigny	Parution date from Gazette	05/03/2014
Extrait de jugement Jugement d'homologation de l'accord Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance.

Other sources

No recent judgment publication in other sources for the company.

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	11/03/2008
Status of Monitoring	No social security and tax office preferential right to date

Social security, pension funds preferential rights

Number of preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

30804789

01/07/2008

18/10/2010

URSSAF - DDR de PARIS IV - Recours judiciaires

15,343 EUR

-

Reason for closure	Crossed Off
Court	Bobigny
Creditor	URSSAF - DDR de PARIS IV - Recours judiciaires TSA 80 028 93517, MONTREUIL CEDEX
Debtor	ADVENTURE LAND 29/41 RUE Bernard 93000 BOBIGNY, FR

30805586

23/07/2008

06/08/2008

REUNI RETRAITE CADRES

6,854 EUR

-

Reason for closure	Crossed Off
Court	Bobigny
Description	Sommes dues au 30/04/2008
Creditor	REUNI RETRAITE CADRES 154 RUE Anatole France 92300, LEVALLOIS PERRET
Debtor	ADVENTURE LAND 29/41 RUE BERNARD 93000 BOBIGNY, FR

Tax office preferential rights

Number of active preferential rights	0
Total amount	-
Due remaining amount	-
Date of last preferential right	-

Historical Data

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

40601721

12/06/2006

28/12/2009

RECETTE PRINCIPALE DES DOUANES A BLANC MESNIL

137,577 EUR

-

Reason for closure	Crossed Off
Court	Bobigny
Creditor	RECETTE PRINCIPALE DES DOUANES A BLANC MESNIL BP 784 GARONOR BATIMENT Z 93614, AULNAY S/BOIS CEDEX
Debtor	ADVENTURE LAND 29/41 RUE BERNARD 93000 BOBIGNY, FR

40800249

04/02/2008

25/07/2008

LE COMPTABLE DU SERVICE DES IMPOTS DES ENTREPRISES DE BOBIGNY

476,603 EUR

-

Reason for closure	Crossed Off
Court	Bobigny
Creditor	LE COMPTABLE DU SERVICE DES IMPOTS DES ENTREPRISES DE BOBIGNY 7 RUE ERIK SATIE 93016, BOBIGNY CEDEX
Debtor	ADVENTURE LAND 29/41 RUE BERNARD 93000 BOBIGNY, FR

40802529

25/02/2008

31/03/2008

LE COMPTABLE DU TRESOR DE DRANCY

72,784 EUR

-

Reason for closure	Crossed Off
Court	Bobigny
Creditor	LE COMPTABLE DU TRESOR DE DRANCY 11 RUE ROGER SALENGRO 93700, DRANCY
Debtor	ADVENTURE LAND 29/41 RUE BERNARD 93000 BOBIGNY, FR

40803511

15/07/2008

25/08/2010

LE COMPTABLE DU POLE DE RECOUVREMENT DE BOBIGNY

776,603 EUR

-

Reason for closure	Crossed Off
Paid off amount	1,604,070 EUR	Date of the last refund	15/02/2010
Court	Bobigny
Mention of the partial radiation	radiation partielle numéro 72 à concurrence de la somme de 352 035,00 EUROS
Creditor	LE COMPTABLE DU POLE DE RECOUVREMENT DE BOBIGNY 7 RUE ERIK SATIE 93016, BOBIGNY CEDEX
Debtor	ADVENTURE LAND 29/41 RUE Bernard 93000 BOBIGNY, FR

41101039

25/08/2011

22/09/2011

LE CHEF DE SERVICE COMPTABLE CENTRALISATEUR DE BOBIGNY

98,935 EUR

-

Reason for closure	Crossed Off
Court	Bobigny
Creditor	LE CHEF DE SERVICE COMPTABLE CENTRALISATEUR DE BOBIGNY 7-11 RUE ERIK SATIE 93016, BOBIGNY CEDEX
Debtor	ADVENTURE LAND 29/41 RUE Bernard 93000 BOBIGNY, FR

Group data

Parent	ADVENTURE LAND
Direct parent	ADVENTURE LAND - 49.6 %
Group – Number of companies	8
Linkages – Number of companies	-
Number of countries	-
Parent	ADVENTURE LAND
Direct parent	ADVENTURE LAND - 49.6 %
Group – Number of companies	8
Linkages – Number of companies	-
Number of countries	-

Group Structure

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ADVENTURE LAND

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Shareholders

Type of shareholder

Shareholders

Linkages

Parent	ADVENTURE LAND
Direct parent	ADVENTURE LAND - 49.6 %
Group – Number of companies	8
Linkages – Number of companies	-
Number of countries	-
Parent	ADVENTURE LAND
Direct parent	ADVENTURE LAND - 49.6 %
Group – Number of companies	8
Linkages – Number of companies	-
Number of countries	-

No Linkages information available for the company

Consolidated Accounts

Active Account | Passive Account | Account Results | Consolidation

Synthesized Accounts

Annual Accounts	30/09/2012	30/09/2011	30/09/2010
Account period (month)	12	12	12
Account Type	Consolidated	Consolidated	Consolidated
Activity Code	1414Z	1414Z	1414Z

Active account

Annual Accounts	30/09/2012		30/09/2011		30/09/2010
Capital not called	0	0%	0	0%	0
Total fixed assets	2,593,720	4.8%	2,473,800	80.1%	1,373,738
- Intangible assets	1,614,720	13.8%	1,419,019	830.5%	152,499
- Tangible assets	742,118	-6.6%	794,300	-28.3%	1,107,938
- Financial assets	92,742	-5.7%	98,323	-13.2%	113,301
Net current assets	8,673,095	-39.9%	14,433,421	13.6%	12,710,799
- Stocks	4,133,282	-45.0%	7,519,750	30.3%	5,770,872
- Advanced payments	10,541	-89.2%	97,615	-75.1%	392,759
- Receivables	4,432,444	-33.1%	6,623,699	6.3%	6,231,952
- Securities and cash	96,828	-49.7%	192,357	-39.0%	315,216
Accounts of regularization	0	0%	0	0%	0
Total Assets	11,266,815	-33.4%	16,907,221	20.0%	14,084,537

Passive Account

Annual Accounts	30/09/2012		30/09/2011		30/09/2010
Shareholders' equity	-1,219,243	-137.2%	3,277,960	4.9%	3,125,010
Share capital	1,000,000	0%	1,000,000	0%	1,000,000
Other capital resources	0	0%	0	0%	0
Risk Provisions	287,524	75.4%	163,925	121.7%	73,924
Liabilities	12,198,534	-9.4%	13,465,337	23.7%	10,885,603
- Financial liabilities	1,224,550	119.6%	557,746	-80.2%	2,822,580
- Advanced payments received	0	0%	0	0%	0
- Trade account payables	8,251,763	-12.2%	9,396,158	72.2%	5,457,531
- Tax and social liabilities	2,081,411	-21.8%	2,661,296	49.9%	1,775,843
- Other debts and fixed assets liabilities	228,310	-43.4%	403,708	-51.3%	829,649
Account regularization	412,500	-7.6%	446,429	0%	0
Total liabilities	11,266,815	-33.4%	16,907,221	20.0%	14,084,537

Results

Annual Accounts	30/09/2012		30/09/2011		30/09/2010
Sales of Goods	24,152,096	-33.3%	36,204,485	60.8%	22,510,403
Net turnover	23,320,084	-33.4%	34,991,159	65.8%	21,110,013
- of which net export turnover	0	0%	0	0%	0
Operating charges	27,427,125	-22.1%	35,223,309	64.9%	21,359,916
Operating profit/loss	-3,275,029	-433.8%	981,176	-14.7%	1,150,487
Financial income	680,439	-37.3%	1,085,780	142.1%	448,426
Financial charges	962,501	-37.1%	1,530,710	78.9%	855,767
Financial profit/loss	-282,062	36.6%	-444,930	-9.2%	-407,341
Pretax net operating income	-3,557,091	-763.3%	536,246	-27.8%	743,146
Extraordinary income	81,659	-87.3%	642,000	223.6%	198,390
Extraordinary charges	519,319	-55.0%	1,155,169	28.1%	901,850
Extraordinary profit/loss	-437,660	14.7%	-513,169	27.1%	-703,460

Consolidation

Annual Accounts	30/09/2012		30/09/2011		30/09/2010
Net result before amortisation of goodwill	-4,432,544	-1056.0%	463,669	1634.9%	-30,209
Goodwill amortisation allocation	20,094	211.5%	-18,018	0%	0
Net result of equity affiliates companies	0	0%	0	0%	0
Net result of integrated companies	0	0%	0	0%	0
Group result (consolidated net result)	-4,452,638	-1099.1%	445,651	1575.2%	-30,209
Share of minority interest (Result except group)	0	0%	0	0%	0
Net result - group share (part of parent company)	-4,452,638	-1099.1%	445,652	1575.2%	-30,209

Display parameter
Currency	Euro	Kilo Euro

Normal Account	30/09/2012	30/09/2011	30/09/2010
Months	12	12	12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

			30/09/2012		30/09/2011		30/09/2010
	Grand Total (I to VI)	Net	11,266,815	-33.4%	16,907,221	20.0%	14,084,537
	Gross	CO	15,159,728	-26.8%	20,697,147	18.3%	17,493,451
	Amortisation	1A	3,892,913	2.7%	3,789,926	11.2%	3,408,914

Capital subscribed not called (I)

		30/09/2012		30/09/2011		30/09/2010
Capital suscribed not called (I)	AA3	0	0%	0	0%	0

Active fixed asset (II)

			30/09/2012		30/09/2011		30/09/2010
	Total Active fixed asset (II)	Net	2,593,720	4.8%	2,473,800	80.1%	1,373,738
	Gross	BJ	4,794,551	-2.0%	4,891,915	43.0%	3,420,773
	Amortisation	BK	2,200,831	-9.0%	2,418,115	18.1%	2,047,035

Intangilble fixed assets

			30/09/2012		30/09/2011		30/09/2010
	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	1,239,689	-7.5%	1,340,924	2097.2%	61,030
	Gross	AF	1,877,982	-12.2%	2,140,000	286.9%	553,161
	Amortisation	AG	638,293	-20.1%	799,076	62.4%	492,131
	Goodwill	Net	15,245	0%	15,245	-83.3%	91,469
	Gross	AH	15,245	0%	15,245	-83.3%	91,469
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	359,786	1581.2%	21,400	0%	0
	Gross	AJ	399,669	686.3%	50,829	0%	0
	Amortisation	AK	39,883	35.5%	29,429	0%	0
	Pre-payments and downpayments	Net	0	0%	41,450	0%	0
	Gross	AL	0	0%	41,450	0%	0
	Amortisation	AM	0	0%	0	0%	0

Tangilble fixed assets

			30/09/2012		30/09/2011		30/09/2010
	Acquisition difference	Net	144,140	-11.1%	162,158	0%	0
	Gross	A11	164,234	-8.8%	180,176	0%	0
	Amortisation	A12	20,094	11.5%	18,018	0%	0
	Goodwill	Net	0	0%	0	0%	0
	Gross	A21	0	0%	0	0%	0
	Amortisation	A22	0	0%	0	0%	0
	Difference from the first consolidation	Net	0	0%	0	0%	0
	Gross	A31	0	0%	0	0%	0
	Amortisation	A32	0	0%	0	0%	0
	Lands	Net	0	0%	0	0%	0
	Gross	AN	0	0%	0	0%	0
	Amortisation	AO	0	0%	0	0%	0
	Buildings	Net	529,917	-8.9%	581,763	-12.9%	668,257
	Gross	AP	1,026,658	0%	1,026,658	0.0%	1,026,657
	Amortisation	AQ	496,741	11.7%	444,895	24.1%	358,400
	Plant	Net	5,243	-28.0%	7,285	-46.1%	13,511
	Gross	AR	158,854	-47.7%	303,854	-1.0%	306,970
	Amortisation	AS	153,611	-48.2%	296,569	1.1%	293,459
	Other tangible fixed assets	Net	206,958	0.8%	205,252	-51.8%	426,170
	Gross	AT	1,059,167	2.3%	1,035,380	-22.1%	1,329,215
	Amortisation	AU	852,209	2.7%	830,128	-8.1%	903,045
	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

Financial assets

			30/09/2012		30/09/2011		30/09/2010
	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%	1,277	0%	0
	Gross	BD	0	0%	1,277	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	0%	0
	Other financial assets	Net	92,742	-4.4%	97,046	-14.3%	113,301
	Gross	BH	92,742	-4.4%	97,046	-14.3%	113,301
	Amortisation	BI	0	0%	0	0%	0
	Other financial assets	Net	0	0%	0	0%	0
	Gross	A41	0	0%	0	0%	0
	Amortisation	A42	0	0%	0	0%	0

Current Assets (III)

			30/09/2012		30/09/2011		30/09/2010
	Total Assets	Net	8,673,095	-39.9%	14,433,421	13.6%	12,710,799
	Gross	CJ	10,365,177	-34.4%	15,805,232	12.3%	14,072,678
	Amortisation	CK	1,692,082	23.3%	1,371,811	0.7%	1,361,879

Stocks

			30/09/2012		30/09/2011		30/09/2010
	Raw materials	Net	943,534	-57.8%	2,233,738	0%	2,233,738
	Gross	BL	1,297,639	-47.7%	2,479,478	0%	2,479,478
	Amortisation	BM	354,105	44.1%	245,740	0%	245,740
	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	164,304	-59.6%	406,236	-36.0%	634,627
	Gross	BR	657,224	0%	657,224	-23.8%	862,706
	Amortisation	BS	492,920	96.4%	250,988	10.0%	228,079
	Goods for resale	Net	3,025,444	-38.0%	4,879,776	68.1%	2,902,507
	Gross	BT	3,369,535	-31.8%	4,943,896	66.7%	2,966,627
	Amortisation	BU	344,091	436.6%	64,120	0%	64,120

Advance payments to suppliers

			30/09/2012		30/09/2011		30/09/2010
	Advance payments to suppliers	Net	10,541	-89.2%	97,615	-75.1%	392,759
	Gross	BV	10,541	-89.2%	97,615	-75.1%	392,759
	Amortisation	BW	0	0%	0	0%	0

Debtors

			30/09/2012		30/09/2011		30/09/2010
	Trade accounts receivable	Net	1,280,978	35.1%	947,854	27.4%	744,063
	Gross	BX	1,781,944	1.3%	1,758,817	12.2%	1,568,003
	Amortisation	BY	500,966	-38.2%	810,963	-1.6%	823,940
	Other debtors	Net	2,735,001	-48.7%	5,330,778	34.3%	3,968,055
	Gross	BZ	2,735,001	-48.7%	5,330,778	34.3%	3,968,055
	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

Divers

			30/09/2012		30/09/2011		30/09/2010
	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	96,828	-49.7%	192,357	-39.0%	315,216
	Gross	CF	96,828	-49.7%	192,357	-39.0%	315,216
	Amortisation	CG	0	0%	0	0%	0

Prepaid expenses

			30/09/2012		30/09/2011		30/09/2010
	Prepaid expenses	Net	416,465	20.7%	345,067	-77.3%	1,519,834
	Gross	CH	416,465	20.7%	345,067	-77.3%	1,519,834
	Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		30/09/2012		30/09/2011		30/09/2010
Multi-period charges	CW3	0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Currency differential gain	CN3	0	0%	0	0%	0

References

		30/09/2012		30/09/2011		30/09/2010
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)

		30/09/2012		30/09/2011		30/09/2010
Grand Total (I to IV)	EE	11,266,815	-33.4%	16,907,221	20.0%	14,084,537

Shareholder Equity (I)

			30/09/2012		30/09/2011		30/09/2010
	Total shareholders' equity (Total I)	DL	-1,219,243	-137.2%	3,277,960	4.9%	3,125,010
	Equity and shareholders' equity	DA	1,000,000	0%	1,000,000	0%	1,000,000
	Issue and merger premiums	DB	455,434	-8.9%	499,999	0%	499,999
	Revaluation differentials	DC	0	0%	0	0%	0
	Of which equity differential	EK	0	0%	0	0%	0
	Legal reserve	DD	100,000	0%	100,000	0%	100,000
	Statutory or contractual reserve	DE	0	0%	0	0%	0
	Special regulated reserves	DF	4,364	0%	0	0%	0
	Other reserves	DG	-1,151,872	-13.0%	-1,019,294	-44.2%	-706,780
	Profits or losses brought forward	DH	2,825,469	25.5%	2,251,603	4.6%	2,153,298
	Conversion differences	P1	0	0%	0	0%	0
	Net result - group part	P2	-4,452,638	-1099.1%	445,652	1575.2%	-30,209
	Investment grants	DJ	0	0%	0	0%	108,702
	Special tax-allowable reserves	DK	0	0%	0	0%	0

Other capital resources (II)

			30/09/2012		30/09/2011		30/09/2010
	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
	Others	P3	0	0%	0	0%	0

Provisions for risks and charges (III)

			30/09/2012		30/09/2011		30/09/2010
	Total provisions for risks and charges (Total III)	DR	287,524	75.4%	163,925	121.7%	73,924
	Conversion differences	P4	0	0%	0	0%	0
	In reserves	P5	0	0%	0	0%	0
	In results	P6	0	0%	0	0%	0
	Total III	P7	0	0%	0	0%	0
	Delayed tax	P8	0	0%	0	0%	0
	Acquisition differences	P9	0	0%	0	0%	0
	Risk provisions	DP	93,580	0%	0	0%	0
	Reserves for charges	DQ	193,944	18.3%	163,925	121.7%	73,924

Liabilities (IV)

			30/09/2012		30/09/2011		30/09/2010
	Total Liabilities (Total IV)	EC	12,198,534	-9.4%	13,465,337	23.7%	10,885,603
	Convertible debentures	DS	0	0%	0	0%	0
	Other debentures	DT	0	0%	0	0%	0
	Bank loans and liabilities	DU	1,141,039	181.9%	404,795	-82.9%	2,365,150
	Sundry loans and financial liabilities	DV	83,511	-45.4%	152,951	-66.6%	457,430
	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	8,251,763	-12.2%	9,396,158	72.2%	5,457,531
	Tax and social security liabilities	DY	2,081,411	-21.8%	2,661,296	49.9%	1,775,843
	Fixed asset liabilities	DZ	0	0%	0	0%	0
	Other debts	EA	228,310	-43.4%	403,708	-51.3%	829,649

Translation loss (V)

		30/09/2012		30/09/2011		30/09/2010
Translation loss (Total V)	ED	0	0%	0	0%	0

Equalization accounts

		30/09/2012		30/09/2011		30/09/2010
Deferred income	EB	412,500	-7.6%	446,429	0%	0

References

		30/09/2012		30/09/2011		30/09/2010
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	0	0%	0	0%	0
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		30/09/2012		30/09/2011		30/09/2010
Operating result (Total I-II)	GG	-3,275,029	-433.8%	981,176	-14.7%	1,150,487

2 - Financial result (V - VI)

		30/09/2012		30/09/2011		30/09/2010
Financial result (Total V-VI)	GV	-282,062	36.6%	-444,930	-9.2%	-407,341

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

		30/09/2012		30/09/2011		30/09/2010
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-3,557,091	-763.3%	536,246	-27.8%	743,146

4 - Extraordinary result (VII-VIII)

		30/09/2012		30/09/2011		30/09/2010
Extraordinary result (Total VII-VIII)	HI	-437,660	14.7%	-513,169	27.1%	-703,460

Consolidation

		30/09/2012		30/09/2011		30/09/2010
Delayed tax	R1	381,801	236.4%	-279,823	-416.3%	88,472
Net result before amortisation of acquisition differences	R2	-4,432,544	-1056.0%	463,669	1634.9%	-30,209
Endowment to amortisation of acquisition differences	R3	20,094	211.5%	-18,018	0%	0
Net result of companies set in equivalence	R4	0	0%	0	0%	0
Net result of integrated companies	R5	0	0%	0	0%	0
Group result (consolidated net result)	R6	-4,452,638	-1099.1%	445,651	1575.2%	-30,209
Cross-reference : equipment leasing	R7	0	0%	0	0%	0
Cross-reference : property leasing	R8	-4,452,638	-1099.1%	445,652	1575.2%	-30,209

Operating income (I)

		30/09/2012		30/09/2011		30/09/2010
Total operating income (Total I)	FR	24,152,096	-33.3%	36,204,485	60.8%	22,510,403

Operating income (details)

			30/09/2012		30/09/2011		30/09/2010
	Sale of goods for resale	FC	22,994,539	-34.1%	34,889,919	65.6%	21,064,756
	France	FA	22,994,539	-34.1%	34,889,919	65.6%	21,064,756
	Export	FB	0	0%	0	0%	0
	Sale of goods produced	FF	299,175	439.1%	55,492	0%	0
	France	FD	299,175	439.1%	55,492	0%	0
	Export	FE	0	0%	0	0%	0
	Sale of services	FI	26,370	-42.4%	45,748	1.1%	45,257
	France	FG	26,370	-42.4%	45,748	1.1%	45,257
	Export	FH	0	0%	0	0%	0
	Net turnover	FL	23,320,084	-33.4%	34,991,159	65.8%	21,110,013
	France	FJ	23,320,084	-33.4%	34,991,159	65.8%	21,110,013
	Export	FK	0	0%	0	0%	0
	Stocked production	FM	0	0%	-205,482	0%	0
	Self-constructed assets	FN	38,741	0%	0	0%	0
	Operating grants	FO	13,887	-40.7%	23,400	-40.6%	39,390
	Release of reserves and provisions	FP	602,413	-49.8%	1,199,612	-5.0%	1,262,908
	Other income	FQ	176,971	-9.6%	195,796	99.6%	98,092

Operating charges (II)

		30/09/2012		30/09/2011		30/09/2010
Total operating charges (Total II)	GF	27,427,125	-22.1%	35,223,309	64.9%	21,359,916

Exploitation charges

		30/09/2012		30/09/2011		30/09/2010
Purchase of goods for resale	FS	12,277,893	-34.2%	18,665,305	102.5%	9,219,704
Change in stocks of goods for resale	FT	1,574,362	179.6%	-1,977,269	-530.3%	459,476
Purchase of raw materials	FU	0	0%	0	0%	0
Change in stocks of raw materials	FV	1,181,839	0%	0	0%	84,992
Other external purchases and charges	FW	5,981,881	-40.7%	10,086,216	69.4%	5,955,499
Tax, duty and similar payments	FX	262,437	-34.5%	400,883	60.5%	249,793
Payroll	FY	2,287,112	-32.8%	3,404,750	58.8%	2,144,367
Social security costs	FZ	844,405	-35.5%	1,309,997	60.4%	816,504

Depreciation

		30/09/2012		30/09/2011		30/09/2010
Depreciation of fixed assets	GA	236,121	-41.8%	405,821	18.7%	341,844
Amortisation of fixed assets	GB	860,552	0%	0	0%	0
Depreciation/amortisation of current assets	GC	0	0%	193,127	-46.8%	362,816
Provisions for risks and charges	GD	61,342	-31.8%	90,001	357.4%	19,676

Other charges

		30/09/2012		30/09/2011		30/09/2010
Other charges	GE	1,859,181	-29.7%	2,644,478	55.1%	1,705,245

Operating charges (III-IV)

		30/09/2012		30/09/2011		30/09/2010
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)

			30/09/2012		30/09/2011		30/09/2010
	Total financial income (Total V)	GP	680,439	-37.3%	1,085,780	142.1%	448,426
	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	5,181	-47.2%	9,810	-85.9%	69,441
	Released provisions and transferred charges	GM	0	0%	0	0%	0
	Exchange gains	GN	675,258	-37.2%	1,075,970	183.9%	378,985
	Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

			30/09/2012		30/09/2011		30/09/2010
	Total financial charge (Total VI)	GU	962,501	-37.1%	1,530,710	78.9%	855,767
	Financial reserves and provisions	GQ	0	0%	0	0%	0
	Interest and similar charges	GR	361,977	-26.9%	495,367	12.9%	438,763
	Exchange losses	GS	600,524	-42.0%	1,035,343	148.3%	417,004
	Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

			30/09/2012		30/09/2011		30/09/2010
	Total extraordinary income (Total VII)	HD	81,659	-87.3%	642,000	223.6%	198,390
	Extraordinary operating income	HA	81,659	304.9%	20,167	-79.3%	97,271
	Extraordinary income from capital transactions	HB	02	-100.0%	621,833	1824.0%	32,319
	Released provisions and transferred charges	HC	0	0%	0	0%	68,800

Extraordinary charges (VIII)

			30/09/2012		30/09/2011		30/09/2010
	Total extraordinary charges (Total VIII)	HH	519,319	-55.0%	1,155,169	28.1%	901,850
	Extraordinary operating charges	HE	487,862	-43.7%	865,956	277.1%	229,637
	Extraordinary charges from capital transactions	HF	31,457	-89.1%	289,213	-57.0%	672,213
	Extraordinary reserves and provisions	HG	0	0%	0	0%	0

Employee profit sharing (IX)

		30/09/2012		30/09/2011		30/09/2010
Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

		30/09/2012		30/09/2011		30/09/2010
Tax on profits (Total X)	HK	-10,069	93.7%	-160,769	-765.4%	-18,577

References

		30/09/2012		30/09/2011		30/09/2010
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0

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

Structure and Liquidity

		30/09/2012		30/09/2011		30/09/2010
Fixed Asset Financing		0.52	-60.3%	1.31	-44.5%	2.36
Global Debt		188.31 days	35.9%	138.54 days	-25.4%	185.64 days
Working Capital Fund overall net		-35.52 days	-326.2%	15.70 days	-80.2%	79.26 days
Financial independence		-106.85%	-113.2%	809.78%	512.9%	132.13%
More ratios
Solvability		-10.82%	-155.8%	19.39%	-12.6%	22.19%

Management or rotation

		30/09/2012		30/09/2011		30/09/2010
Need background in operating working capital		-37.08days	-351.2%	14.76days	-69.2%	47.97days
Treasury		1.49 days	-24.7%	1.98 days	-63.2%	5.38 days
Inventory turnover of goods		87.57 days	-17.9%	106.65 days	-3.3%	110.34 days
More ratios
Inventory turnover of raw materials in industrial enterprises		0 days	0%	0 days	0%	0 days
Inventory turnover of intermediate and finished products in the industrial enterprise		0 days	0%	0 days	0%	0 days

Profitability of the business

		30/09/2012		30/09/2011		30/09/2010
Margin trading		22994479.60%	-34.1%	34889871.31%	65.6%	21064710.15
Profitability of the business		-4.45	-153.4%	8.34	-20.6%	10.51
More ratios
Rates integration		10.05%	-56.1%	22.90%	-10.3%	25.53%
Rate leasing furniture		0%	0%	0%	0%	0%
Weight interests		4.13	-5.5%	4.37%	7.9%	4.05%

Return on capital

		30/09/2012		30/09/2011		30/09/2010
Rates of economic profitability		-19544.32%	-25779.0%	76.11%	104.0%	37.31%

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
05/03/2014	Bodacc A	Extrait de jugement
93 - SEINE-SAINT-DENIS TRIBUNAL DE COMMERCE DE BOBIGNY 1575 - Date : 18 février 2014. Jugement d'homologation de l'accord. 348 013 905 RCS Bobigny. ADVENTURE LAND. Forme : Société anonyme. Activité : à titre principal la fabrication, l'achat, la vente de tous textiles en gros demi gros et détail. a titre accessoire toutes missions d'assistance et de conseils dans les domaines de l'emballage, conditionnement, stockage, magasinage, rayonnage, gestion et préparation de commandes, réception et départ de marchandises et plus généralement tout ce qui touche à l'accompagnement logistique et toutes activités concourant à la réalisation desdites prestations et leur optimisation. conseils, management et stratégie. Adresse : 29/41 rue Bernard, 93000 Bobigny. Complément de jugement : Jugement d'homologation de l'accord intervenu dans la procédure de conciliation. Le jugement est déposé au greffe où tout intéressé peut en prendre connaissance.
05/09/2013	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 12439 - 348013905 RCS. ADVENTURE LAND. Forme : Société anonyme. Adresse : 29/41 rue Bernard 93000 Bobigny. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2011.
05/09/2013	Bodacc C	Comptes consolidés et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 12438 - 348013905 RCS. ADVENTURE LAND. Forme : Société anonyme. Adresse : 29/41 rue Bernard 93000 Bobigny. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2011.
02/09/2013	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 9868 - 348013905 RCS. ADVENTURE LAND. Forme : Société anonyme. Adresse : 29/41 rue Bernard 93000 Bobigny. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2012.
02/09/2013	Bodacc C	Comptes consolidés et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 9867 - 348013905 RCS. ADVENTURE LAND. Forme : Société anonyme. Adresse : 29/41 rue Bernard 93000 Bobigny. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2012.
30/06/2013	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 9791 - 348013905 RCS. ADVENTURE LAND. Forme : Société anonyme. Adresse : 29/41 rue Bernard 93000 Bobigny. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2010.
30/06/2013	Bodacc C	Comptes annuels, consolidés et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 9792 - 348013905 RCS. ADVENTURE LAND. Forme : Société anonyme. Adresse : 29/41 rue Bernard 93000 Bobigny. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2010.
10/06/2013	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 15447 - 348013905 RCS. ADVENTURE LAND. Forme : Société anonyme. Adresse : 29/41 rue Bernard 93000 Bobigny. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2009.
10/02/2010	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 1390 - 348 013 905 RCS Bobigny. ADVENTURE LAND. Forme : Société anonyme. Administration : Commissaire aux comptes titulaire : ELKOUBY Gilles modification le 18 Octobre 2000 Président du conseil d'administration et directeur général : KALFON Franck Henri modification le 17 Juillet 2003 Commissaire aux comptes suppléant : SCEMAMA Jean Luc modification le 06 Avril 2006 Administrateur : LE BIANNIC Maria en fonction le 09 Février 2001 Administrateur : KALFON Alfred en fonction le 07 Décembre 2005 Commissaire aux comptes suppléant : AUDIT& REPORTING en fonction le 27 Janvier 2010 Commissaire aux comptes titulaire : AGH ETIOLLES en fonction le 27 Janvier 2010. Commentaires : Modification de représentant.
04/11/2009	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2239 - 348 013 905 RCS Bobigny. ADVENTURE LAND. Forme : Société anonyme. Capital : 1000000 EUR. Commentaires : Modification du capital.
19/08/2009	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2466 - 348 013 905 RCS Bobigny. ADVENTURE LAND. Forme : Société anonyme. Capital : 500000 EUR. Commentaires : Modification du capital.
19/12/2008	Bodacc B	Modification et mutation diverse
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 2628 - 348 013 905 RCS Bobigny. ADVENTURE LAND. Forme : Société anonyme. Activité : à titre principal la fabrication, l'achat, la vente de tous textiles en gros demi gros et détail. a titre accessoire toutes missions d'assistance et de conseils dans les domaines de l'emballage, conditionnement, stockage, magasinage, rayonnage, gestion et préparation de commandes, réception et départ de marchandises et plus généralement tout ce qui touche à l'accompagnement logistique et toutes activités concourant à la réalisation desdites prestations et leur optimisation. conseils, management et stratégie. Commentaires : Modification de l'activité. Date de commencement de l’activité : 01/08/1988.
12/12/2008	Bodacc C	Comptes annuels et rapports
93 - SEINE-SAINT-DENIS GREFFE DU TRIBUNAL DE COMMERCE DE BOBIGNY 7806 - 348013905 RCS. ADVENTURE LAND. Forme : Société anonyme. Adresse : 29/41 rue Bernard 93000 Bobigny. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/03/2008.
16/12/2007	Bodacc C	Avis de dépôt des comptes
12906 - 348 013 905. RCS Bobigny ADVENTURE LAND. Forme: Société anonyme. Adresse du siège social: 29/41 rue Bernard 93000 Bobigny. Comptes annuels et rapports de l'exercice clos le: 31 mars 2007.
20/05/2007	Bodacc A	Vente et cession
1939 - RCS B 338 606 288. RC 07-B 1767. SPORTS INTERNATIONAL DISTRIBUTION. Forme : S.A.R.L. Adresse du siège social : 12-34 rue des Chardonnerets, 93290 Tremblay-en-France. Etablissement secondaire - Activité : achat, vente en gros, en demi-gros ou au détail de tout textile, d'articles d'habillement, de chaussures et d'accessoires. Adresse : 105 B rue de Paris, 95350 Saint-Brice-sous-Forêt. Etablissement secondaire acquis par achat au prix stipulé de 350 000 euros. Date de début d'activité : 16 avril 2007. Précédent propriétaire : ADVENTURE LAND. RCS 348 013 905. Publication légale : L'Echo-Le Régional du 2 mai 2007. Oppositions : au fonds, pour la validité et Me Krief (Gérard), 7 B rue du Louvre, 75001 Paris, pour la correspondance.
20/11/2006	Bodacc C	Avis de dépôt des comptes
6226 - RCS Bobigny B 348 013 905. RC 88-B 11686. ADVENTURE LAND. Forme: S.A. Adresse du siège social: 29/41, rue Bernard,93000 Bobigny. Comptes annuels et rapports de l'exercice clos le: 31 mars 2006.
20/06/2006	Bodacc C	Avis de dépôt des comptes
3603 - RCS Bobigny B 348 013 905. RC 88-B 11686. ADVENTURE LAND. Forme: S.A. Adresse du siège social: 29/41, rue Bernard,93000 Bobigny. Comptes annuels et rapports de l'exercice clos le: 31 mars 2005.
27/04/2006	Bodacc B	Modifications et mutations diverses
2599 - RCS Bobigny B 348 013 905. RC 88-B 11686. ADVENTURE LAND. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : administrateurs partants : JABLONSKI (Joseph) JABLONSKI (Nelly) (Nom d'usage : DAUMAN).
11/01/2006	Bodacc B	Modifications et mutations diverses
1705 - RCS Bobigny B 348 013 905. RC 88-B 11686. ADVENTURE LAND. Forme : S.A. Commentaires : modification survenue sur l'administration. Administration : nomination d'un administrateur : KALFON (Alfred).
25/05/2005	Bodacc C	Avis de dépôt des comptes
3544 - RCS Bobigny B 348 013 905. RC 88-B 11686. ADVENTURE LAND. Forme: S.A. Adresse du siège social: 29/41, rue Bernard,93000 Bobigny. Comptes annuels et rapports de l'exercice clos le: 31 mars 2003.
26/12/2003	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 348013905 RC 88-B 11686 ADVENTURE LAND. Forme : S.A. Capital : 1 000 000 d'euros. Commentaires : modification survenue sur le capital ( augmentation).
11/11/2003	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 348013905 RC 88-B 11686 ADVENTURE LAND. Forme : S.A. Adresse du siège social : 29-41 rue Bernard, 93000 Bobigny. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 29-41 rue Bernard, 93000 Bobigny.
29/07/2003	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 348013905 RC 88-B 11686 ADVENTURE LAND. Forme : S.A. Commentaires : modification survenue sur l' administration. Administration : modification du président du conseil d' administration et directeur général : KALFON (Franck, Henri).
27/10/2002	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 348013905 RC 88-B 11686 ADVENTURE LAND. Forme : S.A. Capital : 457 500 euros. Commentaires : modification survenue sur le capital (augmentation).
25/02/2001	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 348013905 RC 88-B 11686 ADVENTURE LAND. Forme : S.A. Commentaires : modification survenue sur la forme juridique et l'administration. Administration : modification du président du conseil d'administration : KALFON (Franck, Henri). Nomination d' administrateurs : LE BIANNIC (Maria) ( Nom d'usage : KALFON) JABLONSKI ( Joseph) JABLONSKI (Nelly) ( Nom d' usage : DAUMAN).
02/11/2000	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 348013905 RC 88-B 11686 ADVENTURE LAND. Forme : S.A.R.L. Commentaires : modification survenue sur l'administration. Administration : commissaire aux comptes titulaire partant : BENSAMOUN (Paul). Modification du commissaire aux comptes titulaire : ELKOUBY (Gilles). Nomination du commissaire aux comptes suppléant : SCEMAMA (Jean, Luc).
13/11/1998	Bodacc B	Modifications et mutations diverses
RCS *. RCS Bobigny B 348 013 905 RC RC 88-B 11686 ADVENTURE LAND. Forme : S.A.R. L. Administration : suppression : gérant : KALFON (Alfred, Fradji, Guy). Nomination en qualité de gérant : KALFON (Franck, Henri). Commentaires : modification survenue sur l' administration.
25/10/1998	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 348 013 905 RC 88-B 11686 ADVENTURE LAND. Forme : S.A.R.L. Commentaires : modification survenue sur l'administration. Administration : modification du gérant : KALFON (Alfred, Fradji, Guy). Nomination du commissaire aux comptes titulaire : BENSAMOUN (Paul) . Nomination du commissaire aux comptes suppléant : ELKOUBY (Gilles).
23/08/1997	Bodacc B	Modifications et mutations diverses
RCS Bobigny B 348 013 905 RC 88-B 11686 ADVENTURE LAND. Forme : S.A.R.L. Capital : 3 000 000 de F. Commentaires : modification survenue sur le capital ( augmentation).

Company events history

Date	Description
02/08/2014	Update Rating
05/03/2014	Update Rating
05/03/2014	New collective procedure
15/10/2013	Update Limit
15/10/2013	Update Rating
04/10/2013	Disengagement in other companies
07/09/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
05/09/2013	Bodacc C : Deposit accounts notice
02/09/2013	Bodacc C : Deposit accounts notice
28/08/2013	Update Limit
28/08/2013	Update Rating
28/08/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
11/07/2013	Extension of term
11/07/2013	Application and court order
30/06/2013	Bodacc C : Deposit accounts notice
12/06/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
10/06/2013	Bodacc C : Deposit accounts notice
15/05/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
28/03/2013	Extension of term
28/03/2013	Application and court order
30/09/2012	New consolidated accounts available
30/09/2012	New accounts available
30/09/2011	New accounts available
30/09/2011	New consolidated accounts available
25/08/2011	Unfiling of a Tax Office preferential right
25/08/2011	New Filling of Tax Office preferential right
06/04/2011	Updated articles of association
06/04/2011	New closing date
06/04/2011	Minutes of general meeting of shareholders
04/02/2011	Disengagement in other companies
12/11/2010	Update of participations in other companies
12/11/2010	Disengagement of the group
12/11/2010	New shareholders detected
12/11/2010	New subsidiarie(s) detected
12/11/2010	New parent detected
18/10/2010	Preferential right lapsed
30/09/2010	New accounts available
30/09/2010	New consolidated accounts available
25/08/2010	Preferential right lapsed
15/02/2010	Part unfiling of a Tax Office preferential right
15/02/2010	Preferential right lapsed
10/02/2010	Bodacc B: Various editing or changing
27/01/2010	PV d'Assemblée
27/01/2010	Minutes of general meeting of shareholders
27/01/2010	Changement de Commissaire aux Comptes
28/12/2009	Preferential right lapsed
14/12/2009	Disengagement in other companies
04/11/2009	Bodacc B: Various editing or changing
26/10/2009	Updated articles of association
26/10/2009	Statuts mis à jour
26/10/2009	PV d'Assemblée
26/10/2009	Minutes of general meeting of shareholders
26/10/2009	Capital increase
26/10/2009	Augmentation de Capital
01/10/2009	Requête et Ordonnance
01/10/2009	Application and court order
01/10/2009	Prorogation de durée
01/10/2009	Extension of term
18/09/2009	Other modification of Establishment
19/08/2009	Bodacc B: Various editing or changing
11/08/2009	Statuts mis à jour
11/08/2009	Rapport des Commissaires ou du Gérant
11/08/2009	Acte modificatif
11/08/2009	Audit or Management Report
11/08/2009	Private document
11/08/2009	Updated articles of association
11/08/2009	Réduction de Capital
11/08/2009	Minutes of Board meeting
11/08/2009	Capital reduction
13/07/2009	Private document
13/07/2009	PV d'Assemblée
13/07/2009	Capital reduction
13/07/2009	Réduction de Capital
13/07/2009	Minutes of general meeting of shareholders
07/05/2009	Other modification of Establishment
31/03/2009	New accounts available
19/12/2008	New Bodacc B ads detected
19/12/2008	Bodacc B: Various editing or changing
12/12/2008	Bodacc C : Deposit accounts notice
08/12/2008	Updated articles of association
08/12/2008	PV d'Assemblée
08/12/2008	Private document
08/12/2008	Change to corporate purpose
08/12/2008	Modification de l'objet social
08/12/2008	Minutes of general meeting of shareholders
08/12/2008	Statuts mis à jour
06/08/2008	Preferential right lapsed
25/07/2008	Preferential right lapsed
23/07/2008	Unfiling of a Social Security preferential right
23/07/2008	New Filling of Social Security preferential right
22/07/2008	Preferential right lapsed
22/07/2008	Part unfiling of a Tax Office preferential right
15/07/2008	New Filling of Tax Office preferential right
15/07/2008	Unfiling of a Tax Office preferential right
01/07/2008	Unfiling of a Social Security preferential right
01/07/2008	New Filling of Social Security preferential right
30/06/2008	Closure of Establishment
31/03/2008	Preferential right lapsed
31/03/2008	New accounts available
11/03/2008	Collection of preferential rights activated for this company
25/02/2008	Unfiling of a Tax Office preferential right
04/02/2008	Unfiling of a Tax Office preferential right
12/06/2006	Unfiling of a Tax Office preferential right
06/04/2006	PV du Conseil d'Administration
06/04/2006	Acte modificatif
06/04/2006	Amendment
06/04/2006	Minutes of Board meeting
06/04/2006	Changes to the Board of Directors
06/04/2006	PV d'Assemblée
06/04/2006	Modification du Conseil d'Administration
06/04/2006	Acte sous seing privé
06/04/2006	Private document
06/04/2006	Appointment/resignation of company officers
06/04/2006	Nomination/démission des organes de gestion
06/04/2006	Minutes of general meeting of shareholders
31/03/2006	New accounts available
07/12/2005	PV du Conseil d'Administration
07/12/2005	Modification du Conseil d'Administration
07/12/2005	Minutes of general meeting of shareholders
07/12/2005	Nomination/démission des organes de gestion
07/12/2005	Acte modificatif
07/12/2005	Changes to the Board of Directors
07/12/2005	PV d'Assemblée
07/12/2005	Acte sous seing privé
07/12/2005	Private document
07/12/2005	Appointment/resignation of company officers
19/09/2005	Prorogation de durée
19/09/2005	Requête et Ordonnance
31/03/2005	New accounts available
31/03/2004	New accounts available
15/12/2003	Statuts mis à jour
15/12/2003	PV d'Assemblée
15/12/2003	Augmentation de Capital
15/12/2003	Acte sous seing privé
30/10/2003	Statuts mis à jour
30/10/2003	PV du Conseil d'Administration
30/10/2003	Acte sous seing privé
30/10/2003	Transfert du Siège dans le ressort du Tribunal de Commerce
30/10/2003	Acte modificatif
17/07/2003	Nomination/démission des organes de gestion
17/07/2003	Acte sous seing privé
17/07/2003	PV d'Assemblée
17/07/2003	PV du Conseil d'Administration
17/07/2003	Statuts mis à jour
17/07/2003	Modification du système d'administration des S.A.
17/07/2003	Acte modificatif
31/03/2003	New accounts available
15/10/2002	Statuts mis à jour
15/10/2002	PV d'Assemblée
15/10/2002	Acte sous seing privé
15/10/2002	Conversion du Capital Social en Euros
09/02/2001	Nomination/démission des organes de gestion
09/02/2001	Statuts mis à jour
09/02/2001	PV d'Assemblée
09/02/2001	Changement de Forme Juridique sans changement de catégorie
09/02/2001	Acte modificatif
09/02/2001	Acte sous seing privé
09/02/2001	PV du Conseil d'Administration
07/02/2001	Acte sous seing privé
07/02/2001	Changement de date de clôture
07/02/2001	Cession de parts
07/02/2001	Changement de Forme Juridique sans changement de catégorie
07/02/2001	Statuts mis à jour
07/02/2001	PV d'Assemblée
07/02/2001	Nomination/démission des organes de gestion
16/01/2001	Rapport des Commissaires ou du Gérant
16/01/2001	Changement de Forme Juridique avec changement de catégorie
16/12/2000	Rapport des Commissaires ou du Gérant
16/12/2000	Acte sous seing privé
18/10/2000	Nomination/démission des organes de gestion
18/10/2000	PV d'Assemblée
18/10/2000	Changement de Commissaire aux Comptes
18/10/2000	Acte sous seing privé
27/10/1998	PV d'Assemblée
27/10/1998	Acte sous seing privé
27/10/1998	Nomination/démission des organes de gestion
27/10/1998	Statuts mis à jour
27/10/1998	Changement de Gérant
06/10/1998	Acte sous seing privé
06/10/1998	Nomination/démission des organes de gestion
06/10/1998	Changement de Commissaire aux Comptes
06/10/1998	PV d'Assemblée
12/08/1997	PV d'Assemblée
12/08/1997	Statuts mis à jour
12/08/1997	Acte sous seing privé
12/08/1997	Augmentation de Capital
21/07/1994	PV d'Assemblée
21/07/1994	Acte modificatif
21/07/1994	Augmentation de Capital
21/07/1994	Statuts mis à jour
23/07/1993	PV d'Assemblée
23/07/1993	Déclaration de conformité
23/07/1993	Augmentation de Capital
23/07/1993	Rapport des Commissaires ou du Gérant
23/07/1993	Acte modificatif
23/07/1993	Statuts mis à jour

directors

Name	M. KALFON FRANCK HENRI
Manager position	Managing director, Chairman of the Board	Date of birth	02/11/1966
Place of birth	ST DENIS
Type	Individual	Name at birth

Name	Mme. KALFON MARIA
Manager position	Administrator	Date of birth	01/02/1951
Place of birth	PARIS
Type	Individual	Name at birth	LE BIANNIC

Name	M. KALFON ALFRED
Manager position	Administrator	Date of birth	19/09/1952
Place of birth	BEJA(TUNISIE)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Administrator	M ALFRED KALFON	9/19/1952 - BEJA(TUNISIE)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.44
UK Pound	1	Rs.98.64
Euro	1	Rs.78.20

INFORMATION DETAILS

Analysis Done by :	SUM
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.