MIRA INFORM REPORT

Report No. :	315399
Report Date :	03.04.2015

IDENTIFICATION DETAILS

Name :	MAJE
Registered Office :	Maje, 24 Rue Du Mail, 75002 Paris 2
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	July 1991
Com. Reg. No.:	B 382 544 310
Legal Form :	Simplified Joint Stock Company
Line of Business :	Subject is engaged in wholesale (business to business) clothing and shoes
No. of Employee :	50 to 99

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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

30/03/2015 13:54:32

MAJE

FR13381370 382 544 310 00073

Summery

MAJE - 382 544 310 00073

SIRET	382 544 310 00073	Click to view full map.
Name	MAJE
Acronym	-
Trade name	MAJE
Type of Establishment	Head Office
Postal Address	MAJE MAJE 24 RUE DU MAIL 75002 PARIS 2
Telephone	01 42 36 26 26
Share Capital	100,000 Euros
Incorporiation Date	07/1991	Nationality	France
APE/NAF Code	4642Z	Currency	Euros
Activity (APE)	Wholesale (business to business) clothing and shoes	Last account Date	31/12/2013
Formation Date	07/1991	Fax	-
Deregistration Date	-
EUR VAT Number	FR43382544310	Legal form	Simplified joint stock company
Court Registry Number	19 9 1B09688
Registration Court	Paris (75)	RCS Registration	RCS Paris B 382 544 310

Key Financials

Year to date	Turnover	Gross operating surplus	Shareholder's equity	Net result	Employees
31/12/2013	89,368,281 €	25.86% Turnover	23,139,699 €	23,029,648 €	50 to 99 employees
31/12/2012	69,698,411 €	17.40% Turnover	28,103,051 €	8,943,218 €	-
31/12/2011	55,453,224 €	16.52% Turnover	21,659,834 €	4,853,109 €	-

Details

Ultimate Holding Company

Name	Country	Company Number
KOHLBERG KRAVIS ROBERTS & CO.		-

Directors

Current Directors

2

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Payment Data Programme

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Preferential Right

No social security and tax office preferential right to date

Payment Information Summary – Trade Payment Data

Total number of Invoices available	189
Total number of Invoices  paid within or up to 30 days after the due date	165
Total number of Invoices  paid more than 30 days after the dues date	18
Total number of Invoices currently outstanding where the due date has not yet been reached	6
Total number of Invoices currently outstanding beyond the due date	0

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	4642Z	Activity	Wholesale (business to business) clothing and shoes
Formation Date	01/2011	Reason for Formation	Formation
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	-	Activity Location	-
Trading Address	24 RUE DU MAIL 75002 PARIS 2	Department	-
Location Surface	-	District	-
City	PARIS 2	Status	Economically active
Business Pages FT®	FABRICATION DE VETEMENTS POUR DAMES	Region	Ile-de-France
		Area	-
		Size of Urban Area	-

Other Establishment(s)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity
Branches	1 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
MAJE	Head Office	4642Z	Wholesale (business to business) clothing and shoes	PARIS 2	75002
MAJE	Branch	4642Z	Wholesale (business to business) clothing and shoes	PARIS 2	75002
MAJE	Branch	4642Z	Wholesale (business to business) clothing and shoes	PARIS 2	75002
MAJE	Branch	4642Z	Wholesale (business to business) clothing and shoes	PARIS 2	75002
MAJE	Branch	4642Z	Wholesale (business to business) clothing and shoes	PARIS 2	75002

View Details

Workforces

Workforce at address

Workforce unknown

Company workforce

50 to 99 employees

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.

The shareholder's equity is 23,139,699 €

The creditor days are 56

The decrease in the gearing percentage over the last two accounting periods is 76 %

The liabilities are 28,045,341 €

The net current assets are 50,857,996 €

The net turnover is 89,368,281 €

The pre-tax profit is 31,762,337 €

The risk provisions are 795,977 €

The total assets are 52,353,927 €

Industry code with low risk rating

Department code with low risk rating

The company has 2 director(s)

The ratio total assets to total liabilities is 1.82

The return on total assets employed is 60.67

High risk workforce size

The sales to current assets ratio is 1.76

The stock to turnover ratio is 16.58

The decrease of tangible fixed assets over the last two accounting periods is 30 %

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Preferential rights details and history

Summary of preferential rights

Company monitored since	12/08/2009
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

Registration number

Registration date

Date of the planned end

Creditor

Amount of the debt

Due remaining amount

Hide

31116825

20/07/2011

15/12/2011

REUNI RETRAITE CADRES

5,337 EUR

-

Reason for closure	Crossed Off
Court	Paris
Description	Sommes dues au 30/04/2011
Creditor	REUNI RETRAITE CADRES
Debtor	SARL MAJE 13 R D ABOUKIR 75002 PARIS

Group Data

Ultimate parent company	KOHLBERG KRAVIS ROBERTS & CO.
Direct parent	GROUPE SMCP - 100 %
Group – Number of companies	27
Linkages – Number of companies	492
Number of countries	26

Group Structure

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Rating Information

	Name	SIREN	Parts	Last account published
1	KKR & CO L.P	-	-	-
2	CAPSUGEL FRANCE	612050518	100 %	31/08/2012
2	TOYS R US, INC	-	Majority	-
3	TOYS R US	345404156	Majority	31/01/2013
	TOYS'R'US FRANCE REAL ESTATE SAS	483769212	Majority	31/01/2014
	F.A.O. SCHWARZ INC	-	Majority	-
	BABIES R'US	-	Majority	-
	AB ACQUISITIONS HOLDINGS LIMITED	-	31.10 %	-
	PETS AT HOME LTD	01822577	Majority	27/03/2014
	CHINA INTERNATIONAL CAPITAL CORPORATION	-	10 %	-
	IPREO HOLDINGS LLC	-	Majority	-
2	GROUPE SMCP	524544939	65 %	31/12/2012
3	CLAUDIE PIERLOT	328759857	100 %	31/12/2012
3	SANDRO ANDY	319427316	87.51 %	31/12/2013
4	SANDRO FRANCE	399022458	100 %	31/12/2013
	SMCP ITALIA S.R.L.	MI1882534	Majority	31/12/2013
	SMCP LOGISTIQUE	539599860	100 %	31/12/2013
	SMCP DEUTSCHLAND GMBH	HRB 73828	100 %	31/12/2013
3	MAJE	382544310	100 %	31/12/2013
4	MAJE USA	-	Majority	-
	MAJE STORES LIMITED	06857179	100 %	31/12/2013
	MAJE BEL	-	100 %	-
4	MAJE BOUTIQUE	441015526	100 %	31/12/2013
5	DUKE FASHION	-	100 %	-
	341SMCP	523624229	40 %	31/12/2013
	KKR ALTERNATIVE INVESTMENT MANAGEMENT	IE539765	100 %	-
2	KKR ASSET MANAGEMENT LLC	-	100 %	-
3	BELVEDERE	380695213	8.58 %	31/12/2012
	ECHO INVESTMENTS I LIMITED	-	Min blocking	-
	KKR FINANCIAL ADVISORS LLC	-	100 %	-
Ultimate parent company		KOHLBERG KRAVIS ROBERTS & CO.
Direct parent		GROUPE SMCP - 100 %
Group – Number of companies		27
Linkages – Number of companies		492
Number of countries		26

Shareholders
GROUPE SMCP	100

Linkages

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Rating Information

Company Name	Siren	Last Account Published	Turnover
TOYS "R" US HOLDINGS LIMITED	01826057	01/02/2014	428,035,000 £
NORTHGATE INFORMATION SOLUTIONS LIMITED	06442582	30/04/2014	666,100,000 £
PAH UK MIDCO LIMITED	07133299	28/03/2013	0 £
IPREO UK HOLDINGS LTD	07736019	31/12/2013	0 £
ACTEON GROUP LIMITED	04231212	31/12/2013	497,573,000 £
PETS AT HOME GROUP PLC	08885072	27/03/2014	665,395,000 £
KKR CAPITAL MARKETS LIMITED	06251062	31/12/2013	18,880,169 £
DKR DEUTSCHE GESELLSCHAFT FÜR KREISLAUFWIRTSCHAFT UND ROHSTOFFE MBH	HRB 25359	31/12/2008	2,491,466 €
IPREO LIMITED	04320902	31/12/2013	2,547,000 £
I-DEAL MP LTD	05937623	31/12/2013	0 £
PETS AT HOME HOLDINGS LIMITED	03864149	27/03/2014	0 £
PHARM RESEARCH ASSOCIATES (UK) LIMITED	03247443	31/12/2013	168,900,615 £
PETS AT HOME SUPERSTORES LIMITED	03119594	27/03/2014	0 £
HEMSCOTT HOLDINGS LIMITED	03945506	31/12/2013	1,525,000 £
STAR GUIDE LIMITED	IE325297	31/12/2013	12,378,714 €
PAH INTERMEDIATE HOLDINGS LIMITED	05162460	28/03/2013	0 £
PAH INVESTMENTS LIMITED	05173327	28/03/2013	0 £
LAKE REGION MEDICAL GMBH	HRB 6590	31/12/2012	17,125,981 €
PAH UK HOLDCO LIMITED	07133379	28/03/2013	598,337,000 £
PAH UK BIDCO LIMITED	07133502	28/03/2013	0 £
PAH RETAIL LIMITED	07142248	28/03/2013	0 £
KOHLBERG KRAVIS ROBERTS & CO. LTD	03657682	31/12/2013	3,806,612 £
PRISMA CAPITAL MANAGEMENT INTERNATIONAL LTD	06412323	31/12/2013	2,704,576 £
TOYS "R" US LIMITED	01809223	01/02/2014	428,035,000 £
COMPANION CARE (SERVICES) LIMITED	04141142	27/03/2014	15,523,000 £
PAH UK FINCO LIMITED	07133145	28/03/2013	598,337,000 £
KKR ASSET MANAGEMENT LTD	07289409	31/12/2013	0 £
PETS AT HOME INTERCO LIMITED	05869371	28/03/2013	0 £
PETS AT HOME RETAIL LIMITED	05162464	28/03/2013	0 £
PET CITY HOLDINGS LIMITED	02342109	27/03/2014	0 £
DER GRÜNE PUNKT - DUALES SYSTEM DEUTSCHLAND GMBH	HRB 57932	31/12/2009	-
SMCP UK LIMITED	06806544	31/12/2013	16,598,455 £
SMCP IRELAND LIMITED	IE491261	31/12/2012	-
MAJE SOCIETA' A RESPONSABILITA' LIMITATAIN BREVE ANCHE MAJE S.R.L.	PA302101	31/12/2013	188,189 €
MARKETPIPE LIMITED	03984460	31/12/2013	10,567,000 £
GARDNER DENVER LTD	03047245	31/12/2013	141,471,000 £
COMPANION CARE (ANDOVER) LIMITED	07869342	27/03/2014	257,468 £
COMPANION CARE (LIVINGSTON) LIMITED	04289967	27/03/2014	1,007,339 £
COMPANION CARE (DERBY KINGSWAY) LIMITED	08347816	27/03/2014	218,067 £
COMPANION CARE (CHESTERFIELD) LIMITED	04417096	27/03/2014	885,386 £
COMPANION CARE (CHARLTON) LIMITED	04289954	27/03/2014	746,687 £
COMPANION CARE (CRAYFORD) LIMITED	04349701	27/03/2014	1,056,477 £
COMPANION CARE (HUDDERSFIELD) LIMITED	04417068	27/03/2014	554,927 £
COMPANION CARE (PETERBOROUGH) LIMITED	04417075	27/03/2014	774,040 £
COMPANION CARE (TELFORD) LIMITED	04417091	27/03/2014	662,874 £
COMPANION CARE (RUSTINGTON) LIMITED	04813083	27/03/2014	969,346 £
COMPANION CARE (CANTERBURY) LIMITED	05714718	27/03/2014	859,564 £
COMPANION CARE (TAUNTON) LIMITED	07176590	27/03/2014	425,570 £
FARM-AWAY LIMITED	07373134	27/03/2014	0 £
COMPANION CARE (HARLOW) LIMITED	04289932	27/03/2014	1,242,797 £
COMPANION CARE (DERBY) LIMITED	04317377	27/03/2014	754,071 £
COMPANION CARE (FAREHAM) LIMITED	04220598	27/03/2014	886,033 £
COMPANION CARE (ROMFORD) LIMITED	04220516	27/03/2014	1,668,872 £
COMPANION CARE (BECKTON) LIMITED	04220523	27/03/2014	702,061 £
COMPANION CARE (MILTON KEYNES) LIMITED	04220524	27/03/2014	1,058,988 £
COMPANION CARE (PORTSMOUTH) LIMITED	04220621	27/03/2014	1,308,697 £
COMPANION CARE (SWANSEA) LIMITED	04220627	27/03/2014	586,998 £
COMPANION CARE (CARDIFF) LIMITED	04220633	27/03/2014	681,735 £
COMPANION CARE (STOCKPORT) LIMITED	04240547	27/03/2014	1,370,418 £
COMPANION CARE (ASHTON) LIMITED	04289964	27/03/2014	565,452 £
COMPANION CARE (CAMBRIDGE) LIMITED	04289994	27/03/2014	587,550 £
COMPANION CARE (POOLE) LIMITED	04317589	27/03/2014	1,053,405 £
COMPANION CARE (OLDHAM) LIMITED	04330066	27/03/2014	625,770 £
YORK VETS4PETS LIMITED	04339264	27/03/2014	1,344 £
COMPANION CARE (BOURNEMOUTH) LIMITED	04356964	27/03/2014	996,051 £
COMPANION CARE (NORWICH) LIMITED	04386187	27/03/2014	1,351,697 £
COMPANION CARE (ELY) LIMITED	04417089	27/03/2014	602,900 £
COMPANION CARE (DUNSTABLE) LIMITED	04417094	27/03/2014	827,026 £
COMPANION CARE (BROADSTAIRS) LIMITED	04473513	27/03/2014	958,636 £
COMPANION CARE (EXETER) LIMITED	04930076	27/03/2014	1,076,972 £
COMPANION CARE (MAIDSTONE) LIMITED	05094399	27/03/2014	726,513 £
COMPANION CARE (CHELMSFORD) LIMITED	05095080	27/03/2014	1,008,248 £
COMPANION CARE (BASINGSTOKE) LIMITED	05113538	27/03/2014	853,689 £
COMPANION CARE (TAMWORTH) LIMITED	05416662	27/03/2014	738,574 £
COMPANION CARE (NEW MALDEN) LIMITED	05416828	27/03/2014	929,463 £
COMPANION CARE (COLCHESTER) LIMITED	05712930	27/03/2014	1,030,535 £
COMPANION CARE (WINCHESTER) LIMITED	05712935	27/03/2014	631,194 £
COMPANION CARE (WESTON-SUPER-MARE) LIMITED	06395953	27/03/2014	627,112 £
COMPANION CARE (TRURO) LIMITED	06504303	27/03/2014	575,040 £
COMPANION CARE (EASTBOURNE) LIMITED	06589362	27/03/2014	690,508 £
COMPANION CARE (BASILDON) LIMITED	07176588	27/03/2014	1,226,197 £
COMPANION CARE (STIRLING) LIMITED	07245036	27/03/2014	318,595 £
COMPANION CARE (ILFORD) LIMITED	07558579	27/03/2014	328,987 £
COMPANION CARE (BRIDGWATER) LIMITED	07561253	27/03/2014	37,535 £
COMPANION CARE (CORSTORPHINE) LIMITED	07643894	27/03/2014	127,418 £
COMPANION CARE (BELFAST) LIMITED	07905869	27/03/2014	75,622 £
COMPANION CARE (BLETCHLEY) LIMITED	08080383	27/03/2014	152,678 £
COMPANION CARE (LEIGHTON BUZZARD) LIMITED	08279091	27/03/2014	210,776 £
COMPANION CARE (STEVENAGE) LIMITED	08282080	27/03/2014	162,467 £
COMPANION CARE (PERTH) LIMITED	08285928	27/03/2014	176,122 £
COMPANION CARE (MACCLESFIELD) LIMITED	08285995	27/03/2014	137,217 £
COMPANION CARE (BALLYMENA) LIMITED	08294444	27/03/2014	113,219 £
COMPANION CARE (AYLESBURY) LIMITED	08298997	27/03/2014	318,157 £
COMPANION CARE (KEIGHLEY) LIMITED	08313333	27/03/2014	145,689 £
COMPANION CARE (ROTHERHAM) LIMITED	08314771	27/03/2014	43,277 £
COMPANION CARE (BARNSLEY CORTONWOOD) LIMITED	08314805	27/03/2014	202,928 £
COMPANION CARE (COVENTRY WALSGRAVE) LIMITED	08314884	27/03/2014	151,844 £
COMPANION CARE (IPSWICH MARTLESHAM) LIMITED	08314919	27/03/2014	232,162 £
COMPANION CARE (BEDFORD) LIMITED	08339757	27/03/2014	266,361 £
COMPANION CARE (BASILDON PIPPS HILL) LIMITED	08362868	27/03/2014	336,986 £
COMPANION CARE (FRIERN BARNET) LIMITED	08374433	27/03/2014	159,944 £
COMPANION CARE (WREXHAM HOLT ROAD) LIMITED	08377700	27/03/2014	142,306 £
COMPANION CARE (ENFIELD) LIMITED	08413685	27/03/2014	155,714 £
COMPANION CARE (WINNERSH) LIMITED	08423627	27/03/2014	144,513 £
COMPANION CARE (NEWPORT) LIMITED	08425358	27/03/2014	34,179 £
COMPANION CARE (PETERBOROUGH BRETTON) LIMITED	08457576	27/03/2014	50,615 £
COMPANION CARE (CRAWLEY) LIMITED	08457586	27/03/2014	74,858 £
COMPANION CARE (BURGESS HILL) LIMITED	08457602	27/03/2014	196,493 £
COMPANION CARE (BANBURY) LIMITED	08606393	27/03/2014	82,162 £
COMPANION CARE (LEICESTER BEAUMONT LEYS) LIMITED	08623959	27/03/2014	89,341 £
COMPANION CARE (PRESTON CAPITOL) LIMITED	08659361	27/03/2014	60,536 £
RIDE-AWAY (YORK) LIMITED	03791164	27/03/2014	6,110,006 £
BRAMLEY VETS4PETS LIMITED	04238788	27/03/2014	798,809 £
WAKEFIELD VETS4PETS LIMITED	04262693	27/03/2014	713,076 £
BARNSLEY VETS4PETS LIMITED	04335349	27/03/2014	2,553,575 £
HARROGATE VETS4PETS LIMITED	04335411	27/03/2014	693,254 £
FILTON VETS4PETS LIMITED	04629293	27/03/2014	670,457 £
DARLINGTON VETS4PETS LIMITED	04630125	27/03/2014	712,108 £
MANSFIELD VETS4PETS LIMITED	04631595	27/03/2014	977,790 £
SHREWSBURY VETS4PETS LIMITED	04633010	27/03/2014	373,179 £
WSM VETS4PETS LIMITED	04633013	27/03/2014	454,026 £
BEDFORD VETS4PETS LIMITED	04661058	27/03/2014	651,551 £
MAPPERLEY VETS4PETS LIMITED	04909630	27/03/2014	725,012 £
STAFFORD VETS4PETS LIMITED	04917076	27/03/2014	426,126 £
MILLHOUSES VETS4PETS LIMITED	04934976	27/03/2014	692,549 £
POOLE VETS4PETS LIMITED	04939400	27/03/2014	714,398 £
SOUTHAMPTON VETS4PETS LIMITED	04940038	27/03/2014	535,570 £
CHESTER VETS4PETS LIMITED	05032446	27/03/2014	547,800 £
MAIDSTONE VETS4PETS LIMITED	05171954	27/03/2014	920,877 £
NORTHAMPTON VETS4PETS LIMITED	05245570	27/03/2014	1,435,021 £
DENTON VETS4PETS LIMITED	05551964	27/03/2014	196,958 £
GAMSTON VETS4PETS LIMITED	05665158	27/03/2014	755,550 £
STOCKTON VETS4PETS LIMITED	05699951	27/03/2014	512,311 £
CANNOCK VETS4PETS LIMITED	05725027	27/03/2014	450,776 £
PORTSMOUTH VETS4PETS LIMITED	05742505	27/03/2014	388,463 £
PRESTON VETS4PETS LIMITED	05812639	27/03/2014	447,404 £
DUDLEY VETS4PETS LIMITED	05881212	27/03/2014	423,801 £
BANGOR VETS4PETS LIMITED	06504379	27/03/2014	412,510 £
PRENTON VETS4PETS LIMITED	06635267	27/03/2014	594,936 £
GOSPORT VETS4PETS LIMITED	06646660	27/03/2014	681,963 £
SUTTON COLDFIELD VETS4PETS LIMITED	06918324	27/03/2014	511,235 £
VETS4PETS UK LIMITED	03940967	27/03/2014	0 £
PHARM RESEARCH ASSOCIATES RUSSIA LIMITED	04811316	31/12/2013	5,466,198 £
HEMSCOTT LIMITED	00027883	31/12/2013	503,000 £
H. WOODWARD & SON PUBLIC LIMITED COMPANY	00296940	31/12/2013	-
00938719 LIMITED	00938719	31/12/2010	-
STOCKS HOTEL AND COUNTRY CLUB LTD	01806381	31/12/2013	-
TOYS "R" US FINANCIAL SERVICES LIMITED	01861149	01/02/2014	18,000 £
TRUTOYS (UK) LIMITED	01893886	01/02/2014	-
PET CITY LIMITED	02466773	27/03/2014	-
PET CITY RESOURCES LIMITED	02634797	27/03/2014	-
HEMSCOTT INVESTMENT ANALYSIS LIMITED	03563522	31/12/2013	-
PETS AT HOME (ESOT) LIMITED	03911784	27/03/2014	-
VETS 4 PETS LIMITED	03940965	27/03/2014	-
VETS4PETS VETERINARY GROUP LIMITED	04263054	27/03/2014	1,818,000 £
COMPANION CARE (NOTTINGHAM) LIMITED	04289970	27/03/2014	-
IPREO CAPITALBRIDGE LTD.	04316687	31/12/2013	2,192,000 £
VETS4PETS (SERVICES) LIMITED	04317414	27/03/2014	-
VETS4PETS GB LIMITED	04339265	27/03/2014	-
SHEFFIELD VETS4PETS LIMITED	04339266	31/03/2013	-
PAH FINANCIAL SERVICES LIMITED	04635676	27/03/2014	0 £
LITTLEOVER VETS4PETS LIMITED	04668857	27/03/2014	-
KINGSWOOD VETS4PETS LIMITED	05034772	27/03/2014	-
VETS4PETS SERVICES LIMITED	05055601	27/03/2014	-
BURTON-ON-TRENT VETS4PETS LIMITED	05176989	27/03/2014	-
VETS FOR PETS LIMITED	05431457	27/03/2014	-
KESTREL DEBT RECOVERY LIMITED	05488311	27/03/2014	-
PETS AT HOME MIDCO LIMITED	05860417	28/03/2013	0 £
HAMILTON VETS4PETS LIMITED	06582622	27/03/2014	-
YEOVIL VETS4PETS LIMITED	08080466	27/03/2014	-
COMPANION CARE (WOOLWELL) LIMITED	08285905	28/02/2014	-
COMPANION CARE (EXETER MARSH) LIMITED	08314727	28/02/2014	-
BANGOR WALES VETS4PETS LIMITED	08314827	26/03/2014	-
COMPANION CARE (KENDAL) LIMITED	08314837	27/03/2014	-
COMPANION CARE (HASTINGS) LIMITED	08314856	27/03/2014	-
COMPANION CARE (CHESTER CALDY) LIMITED	08403892	28/02/2014	-
COMPANION CARE (HATFIELD) LIMITED	08426334	28/02/2014	-
SEVENOAKS VETS4PETS LIMITED	08457639	27/03/2014	-
COMPANION CARE (NEWBURY) LIMITED	08584215	27/03/2014	-
COMPANION CARE (BRAINTREE) LIMITED	08606512	28/02/2014	-
WATFORD VETS4PETS LIMITED	08658295	27/03/2014	-
COLCHESTER LAYER ROAD VETS4PETS LIMITED	08659348	27/03/2014	-
COMPANION CARE (STOKE FESTIVAL PARK) LIMITED	08659847	31/01/2014	-
WEYMOUTH VETS4PETS LIMITED	08665673	27/03/2014	-
DORCHESTER VETS4PETS LIMITED	08708025	28/02/2014	-
DUNFERMLINE VETS4PETS LIMITED	08709536	28/02/2014	-
ALTRINCHAM VETS4PETS LIMITED	08735449	27/03/2014	-
BRISTOL EMERSON GREEN VETS4PETS LIMITED	08771928	27/03/2014	-
LISBURN LONGSTONE VETS4PETS LIMITED	08783175	27/03/2014	-
HULL ANLABY VETS4PETS LIMITED	08794394	27/03/2014	-
LETCHWORTH VETS4PETS LIMITED	08840100	27/03/2014	-
KILMARNOCK VETS4PETS LIMITED	08850288	27/03/2014	-
NEWTOWNABBEY VETS4PETS LIMITED	08858831	27/03/2014	-
COMPANION CARE (LIVERPOOL PENNY LANE) LIMITED	08403638	-	-
PETS AT HOME VET GROUP LIMITED	08595290	-	-
PENRITH VETS4PETS LIMITED	08735448	-	-
LEEDS BIRSTALL VETS4PETS LIMITED	08789028	-	-
SHEFFIELD DRAKEHOUSE VETS4PETS LIMITED	08790953	-	-
LUTON GIPSY LANE VETS4PETS LIMITED	08794431	-	-
SYDENHAM VETS4PETS LIMITED	08802574	-	-
SHEFFIELD WADSLEY BRIDGE VETS4PETS LIMITED	08816819	-	-
COMPANION CARE (MERRY HILL) LIMITED	08840007	-	-
CAMBORNE VETS4PETS LIMITED	08840098	-	-
RUISLIP VETS4PETS LIMITED	08840102	-	-
BLACKHEATH VETS4PETS LIMITED	08840109	-	-
CRAIGAVON VETS4PETS LIMITED	08846831	-	-
HERTFORD VETS4PETS LIMITED	08858917	-	-
COMPANION CARE MANAGEMENT SERVICES LIMITED	08878037	-	-
PRESCOT VETS4PETS LIMITED	08878815	-	-
PETS AT HOME NO.1 LIMITED	08887355	-	-
TORQUAY VETS4PETS LIMITED	08898838	-	-
COMPANION CARE (FALMOUTH) LIMITED	08915033	-	-
RICHMOND VETS4PETS LIMITED	08915129	-	-
WALSALL REEDSWOOD VETS4PETS LIMITED	08915146	-	-
WALTON ON THAMES VETS4PETS LIMITED	08915148	-	-
EASTLEIGH VETS4PETS LIMITED	08915151	-	-
TRAFFORD PARK VETS4PETS LIMITED	08915152	-	-
NEWTON ABBOT VETS4PETS LIMITED	08959179	-	-
DUMBARTON VETS4PETS LIMITED	08966290	-	-
SHEFFIELD HEELEY VETS4PETS LIMITED	08966721	-	-
CREWE VETS4PETS LIMITED	08966730	-	-
CAMBRIDGE PERNE ROAD VETS4PETS LIMITED	08998612	-	-
YORK CLIFTON MOOR VETS4PETS LIMITED	08998614	-	-
CARDIFF NEWPORT ROAD VETS4PETS LIMITED	08998802	-	-
ST ALBANS VETS4PETS LIMITED	08998809	-	-
CIRENCESTER VETS4PETS LIMITED	08998812	-	-
RAWTENSTALL VETS4PETS LIMITED	09009519	-	-
SOMERCOTES VETS4PETS LIMITED	09021681	-	-
CAERPHILLY VETS4PETS LIMITED	09022073	-	-
BELFAST STORMONT VETS4PETS LIMITED	09022077	-	-
CARDIFF ELY VETS4PETS LIMITED	09022080	-	-
SOUTHEND AIRPORT VETS4PETS LIMITED	09030885	-	-
DAGENHAM VETS4PETS LIMITED	09030890	-	-
MALDON VETS4PETS LIMITED	09085613	-	-
MAIDENHEAD VETS4PETS LIMITED	09085615	-	-
HENDON VETS4PETS LIMITED	09108619	-	-
THURROCK VETS4PETS LIMITED	09116535	-	-
TROWBRIDGE VETS4PETS LIMITED	09116759	-	-
WIMBLEDON VETS4PETS LIMITED	09123479	-	-
GREENFORD VETS4PETS LIMITED	09123480	-	-
LLANELLI VETS4PETS LIMITED	09141907	-	-
HARROGATE NEW PARK VETS4PETS LIMITED	09149937	-	-
STOURBRIDGE VETS4PETS LIMITED	09190132	-	-
WALLASEY BIDSTON MOSS VETS4PETS LIMITED	09190138	-	-
BUCKINGHAM VETS4PETS LIMITED	09190571	-	-
OXFORD COWLEY VETS4PETS LIMITED	09199106	-	-
CLEVEDON VETS4PETS LIMITED	09213869	-	-
WIDNES VETS4PETS LIMITED	09225362	-	-
ILKESTON VETS4PETS LIMITED	09253289	-	-
GOLDENHILL VETS4PETS LIMITED	09257252	-	-
OLD KENT ROAD VETS4PETS LIMITED	09257255	-	-
BEDMINSTER VETS4PETS LIMITED	09267870	-	-
EVESHAM VETS4PETS LIMITED	09269582	-	-
LLANDUDNO VETS4PETS LIMITED	09287016	-	-
BYFLEET VETS4PETS LIMITED	09287809	-	-
FALKIRK VETS4PETS LIMITED	09287823	-	-
NORTHAMPTON RIVERSIDE VETS4PETS LIMITED	09312378	-	-
AMESBURY VETS4PETS LIMITED	09312381	-	-
BOREHAMWOOD VETS4PETS LIMITED	09319066	-	-
PENTLAND VETS4PETS LIMITED	09360949	-	-
BROMSGROVE VETS4PETS LIMITED	09361613	-	-
COLNE VETS4PETS LIMITED	09362204	-	-
GRAVESEND VETS4PETS LIMITED	09362206	-	-
DEWSBURY VETS4PETS LIMITED	09362604	-	-
DRUMCHAPEL VETS4PETS LIMITED	09364291	-	-
SALFORD VETS4PETS LIMITED	09384993	-	-
ABERDEEN VETS4PETS LIMITED	09393267	-	-
WALKDEN VETS4PETS LIMITED	09416830	-	-
WARRINGTON RIVERSIDE VETS4PETS LIMITED	09416871	-	-
NOTTINGHAM NETHERFIELD VETS4PETS LIMITED	09419395	-	-
BARRY VETS4PETS LIMITED	09419420	-	-
BIGGLESWADE VETS4PETS LIMITED	09435078	-	-
DOVER VETS4PETS LIMITED	09460153	-	-
MASONITE INTERNATIONAL	-	-	-
TOYS R US IBERIA	313412	31/01/2014	214,850,000 €
SMCP NETHERLANDS B.V.	58044302	-	-
TOYS R US AG	587994	-	-
IOCA LIMITED	IE298062	31/12/2001	-
EMCO WHEATON USA INC	-	-	0 $
CENTERPOINT DATA INC	-	-	3,000,000 $
LEROI INTERNATIONAL, INC	-	-	0 $
TRU NETHERLANDS HOLDINGS II	-	-	3,400,000 $
LIFETIME DOORS INC	-	-	0 $
DOLLAR GENERAL CORP	-	-	17,504,200,000 $
MASONITE DOOR CORP	-	-	0 $
SINGER SEWING CO	-	-	0 $
MAKO COMPRESSORS INC	-	-	0 $
CRAMER JOHNSON WIGGINS & ASSOCIATES	-	-	11,000,000 $
PEACE SOFTWARE, INC	-	-	0 $
DOLGENCORP INC	-	-	0 $
COMPMANAGEMENT, INC	-	-	0 $
LEDCO INC	-	-	0 $
AURORA CASKET CO, INC	-	-	0 $
AIR-RELIEF, INC	-	-	0 $
FIRST DATA GOVERNMENT SOLUTIONS, INC	-	-	0 $
MCMARTIN WASEK & ASSOCIATES, INC	-	-	0 $
BEST-AIRE, LLC	-	-	0 $
ALGOMA HARDWOODS INC	-	-	0 $
MARSHFIELD DOOR SYSTEMS	-	-	0 $
BELLISS & MORCOM USA LIMITED	-	-	0 $
FUNDSXPRESS FINANCIAL NETWORK, INC	-	-	0 $
INTEGRATED PAYMENT SYSTEMS INC	-	-	0 $
VERICLAIM, INC	-	-	0 $
ENGENIO INFORMATION TECHNOLOGIES, INC	-	-	0 $
FIRST DATA CORP	-	-	10,808,900,000 $
BUYSIDE IQ LLC	-	-	178,000 $
GARDNER DENVER THOMAS -PRODUCTS DIVISION	-	-	0 $
BIRCHWOOD LUMBER & VENEER CO INC	-	-	0 $
VALLEYCREST LANDSCAPE DEVELOPMENT	-	-	0 $
CLINSTAR, LLC	-	-	0 $
THOMAS INDUSTRIES INC	-	-	0 $
FIRST DATA RESOURCES, LLC	-	-	0 $
DOLGENCORP OF TEXAS, INC	-	-	0 $
AVAGO TECHNOLOGIES U.S. INC	-	-	0 $
MCKISSICK PRODUCTS CO	-	-	0 $
GARDNER DENVER, INC	-	-	0 $
STOREAGE NETWORKING TECHNOLOGIES, INC	-	-	0 $
LIFETREE CLINICAL RESEARCH LC	-	-	6,000,000 $
PROPERTY CLAIMS SERVICES, INC	-	-	0 $
CROSBY-NATIONAL SWAGE CO	-	-	0 $
FIRST DATA VOICE SERVICES	-	-	0 $
TARARI, INC	-	-	0 $
INTERMOOR INC	-	-	0 $
TRU CORP	-	-	0 $
PRISMA CAPITAL PARTNERS LP	-	-	444,000 $
CYOPTICS, INC	-	-	0 $
ACADEMY SPORTS & OUTDOORS	-	-	0 $
TELECHECK SERVICES, INC	-	-	0 $
GARDNER DENVER WATER JETTING SYSTEMS INC	-	-	0 $
LSI CORP	-	-	0 $
THE CROSBY GROUP INC	-	-	0 $
TASQ TECHNOLOGY, INC	-	-	0 $
BEND RESEARCH, INC	-	-	0 $
CARDSERVICE INTERNATIONAL, INC	-	-	0 $
INTELLIGENT RESULTS, INC	-	-	0 $
FOTOLIA LLC	-	-	0 $
C-CUBE MICROSYSTEMS INC	-	-	0 $
PROIV TECHNOLOGY INC	-	-	0 $
COMPAIR USA, INC	-	-	0 $
JAVELIN SEMICONDUCTOR, INC	-	-	0 $
INTERACT PMTI, INC	-	-	0 $
GARDNER DENVER WELCH VACUUM TECHNOLOGY, INC	-	-	0 $
SPECIALTY RISK SERVICES LLC	-	-	0 $
NATIONAL VISION ADMINISTRATORS	-	-	0 $
ROBUSCHI USA, INC	-	-	0 $
SANDFORCE, INC	-	-	0 $
INTERNATIONAL VISION ASSOCIATES OF CANADA LIMITED	-	-	0 $
GEOFFREY, LLC	-	-	0 $
TOYS R US - DELAWARE, INC	-	-	0 $
TOYS R US INTERNATIONAL	-	-	0 $
TOYSRUS.COM, INC	-	-	0 $
SEDGWICK CLAIMS MANAGEMENT SERVICES, INC	-	-	0 $
TRU AUSTRALIA HOLDINGS, LLC	-	-	0 $
PRA INTERNATIONAL INC	-	-	0 $
KKR PRISMA	-	-	0 $
PRA HOLDINGS, INC	-	-	195,000 $
CLEAR MOMENTUM, INC	-	-	0 $
ABSENTYS, LLC	-	-	1,100,000 $
TOYS ACQUISITION, LLC	-	-	0 $
CAPSUGEL	-	-	0 $
ONSTOR INC	-	-	0 $
PERKA, INC	-	-	0 $
EDGECOMBE CASKET CO	-	-	0 $
GARDNER DENVER NASH LLC	-	-	0 $
I-DEAL LLC	-	-	2,151,000 $
ACCO MATERIAL HANDLING SOLUTIONS	-	-	0 $
ROB-WIN PRESS, INC	-	-	0 $
BABIES R US INC	-	-	0 $
THE BRICKMAN GROUP, LIMITED	-	-	0 $
TRU PROPERTIES, INC	-	-	0 $
WAVERLY LANDSCAPE ASSOCIATES	-	-	1,688,000 $
FIRST DATA MERCHANT SERVICES CORP	-	-	0 $
AGERE SYSTEMS INC	-	-	0 $
CAMBRIDGE INTEGRATED SERVICES GROUP, INC	-	-	0 $
DISCOVERY DATA	-	-	0 $
BRICKMAN GROUP HOLDINGS INC	-	-	0 $
CRI LIFETREE	-	-	0 $
DOLGENCORP OF NEW YORK INC	-	-	0 $
HEMSCOTT AMERICAS INC	-	-	12,927,000 $
NATIONAL VISION INC	-	-	0 $
CAPITAL CITY CASKET CO, INC	-	-	0 $
BABY SUPERSTORE INC	-	-	0 $
COMPAIR SOUTHERN CALIFORNIA, INC	-	-	0 $
TOYS R US EUROPE LLC	-	-	0 $
TOYS R US PROPERTY CO II, LLC	-	-	119,856,000 $
TRU-SVC, LLC	-	-	0 $
KKR ASSOCIATES EUROPE III, LIMITED PARTNERSHIP	-	-	0 $
BABIESRUS.COM, LLC	-	-	0 $
TOYS R US EXPRESS	-	-	0 $
RESEARCH PHARMACEUTICAL SERVICES, INC	-	-	0 $
GEOFFREY, LLC	-	-	262,000 $
SHAREHOLDER INSITE, INC	-	-	0 $
TCM INVESTMENTS, INC	-	-	0 $
LSI LOGIC STORAGE SYSTEMS, INC	-	-	0 $
GEOFFREY HOLDINGS, LLC	-	-	0 $
WAYNE REAL ESTATE CO LLC	-	-	162,000 $
TOYS R US CHILDREN'S FUND INC	-	-	0 $
TOYS R. US HOLIDAY EXPRESS	-	-	0 $
KKR FINANCIAL HOLDINGS LLC	-	-	545,906,000 $
TRU 2005 RE I, LLC	-	-	0 $
FIRST DATA MOBILE HOLDINGS, INC	-	-	0 $
TELECHECK INTERNATIONAL INC	-	-	0 $
FIRST DATA PAYMENT SERVICES LLC	-	-	0 $
FIRST DATA RETAIL ATM SERVICES L.P	-	-	0 $
DOLGEN III, INC	-	-	0 $
GARDNER DENVER LIQUID RING PUMP	-	-	0 $
FIRST DATA CAPITAL, INC	-	-	0 $
FIRST DATA TECHNOLOGIES, INC	-	-	0 $
DOLGEN II, INC	-	-	0 $
MASONITE HOLDINGS INC	-	-	0 $
FIRST DATA EC, LLC	-	-	0 $
FIRST DATA CARD SOLUTIONS, INC	-	-	0 $
TRS RECOVERY SERVICES INC	-	-	0 $
FIRST DATA SOLUTIONS INC	-	-	0 $
FIRST DATA COMMUNICATIONS CORP	-	-	0 $
DOLGEN MIDWEST, LLC	-	-	0 $
DOLGEN CALIFORNIA, LLC	-	-	0 $
FIRST DATA GOVERNMENT SOLUTIONS LP	-	-	0 $
DG RETAIL, LLC	-	-	0 $
TELECHECK PITTSBURGH WEST VIRGINIA, INC	-	-	0 $
FIRST DATA MERCHANT SERVICES NORTHEAST, LLC	-	-	0 $
DOLLAR GENERAL PARTNERS	-	-	0 $
FIRST DATA SERVICES LLC	-	-	0 $
FIRST DATA MERCHANT SERVICES SOUTHEAST, L.L.C	-	-	0 $
FIRST DATA COMMERCIAL SERVICES HOLDINGS, INC	-	-	0 $
TRIQUINT SEMICONDUCTOR INC	-	-	892,879,000 $
FUNDSXPRESS INC	-	-	0 $
DOLGEN I, INC	-	-	0 $
FIRST DATA SECURE LLC	-	-	0 $
AVAGO TECH WIRELESS USA	-	-	0 $
FIRST DATA REAL ESTATE HOLDINGS L.L.C	-	-	0 $
FIRST DATA LATIN AMERICA INC	-	-	0 $
MASONITE INTERNATIONAL CORP	-	-	0 $
CONROE PLASTICS MOLDING INC	-	-	0 $
GARDNER DENVER HANOVER INC	-	-	0 $
GARDNER DENVER HOLDINGS INC	-	-	0 $
GYFT	-	-	0 $
T&H GLOBAL HOLDINGS, LLC	-	-	0 $
KOHLBERG KRAVIS ROBERTS & CO L.P	-	-	0 $
ABG CORP.	-	-	-
AVAGO TECHNOLOGIES LIMITED	-	-	-
BABIES "R" US (AUSTRALIA) PTY	-	-	-
DEFINITIVE SOLUTIONS COMPANY,	-	-	-
G.G. REALTY CORP., LTD.	-	-	-
GEOFFREY INTERNATIONAL, LLC	-	-	-
GROUPE SMCP SAS	-	-	-
KKR CAPITAL MARKETS HOLDINGS LP	-	-	-
KKR NORTH AMERICA FUND XI	-	-	-
KOHLBERG KRAVIS ROBERTS & CO FIXED INCOM	-	-	-
LSI TECHNOLOGIES ISRAEL LTD.	-	-	-
PACIFIC PLAYTHINGS LIMITED	-	-	-
PAH INTERNATIONAL LTD	-	-	-
PAH LUX SARL	-	-	-
PHARMACEUTICAL RESEARCH ASSOCIATES INC	-	-	-
SANDRO ANDY SA	-	-	-
SUMUS NOS LIMITED	-	-	-
TOYS "R" US (AUSTRALIA) PTY LT	-	-	-
TOYS "R" US (CANADA) LTD.	-	-	-
TOYS "R" US (IFSC) UNLIMITED	-	-	-
TOYS "R" US (NETHERLANDS), B.V	-	-	-
TOYS "R" US - BELGIUM, INC.	-	-	-
TOYS "R" US - BELGIUM, SCA	-	-	-
TOYS "R" US - DELAWARE, INC.	-	-	-
TOYS "R" US - NY LLC	-	-	-
TOYS "R" US - OHIO, INC.	-	-	-
TOYS "R" US - PENN., INC.	-	-	-
TOYS "R" US - SERVICE, INC.	-	-	-
TOYS "R" US - TEXAS LLC	-	-	-
TOYS "R" US - VALUE, INC.	-	-	-
TOYS "R" US AKTIEBOLAG	-	-	-
TOYS "R" US GMBH	-	-	-
TOYS "R" US HANDELSGESELLSCHAF	-	-	-
TOYS "R" US LOGISTIK GMBH	-	-	-
TOYS "R" US OPERATIONS GMBH	-	-	-
TOYS "R" US PROPERTIES LIMITED	-	-	-
TOYS "R" US S.A.R.L.	-	-	-
TOYS 'R' US HOLDINGS (UK) LIMI	-	-	-
TOYS R US PORTUGAL, LIMITADA	-	-	-
TOYSRUS.COM, INC.	-	-	-
TOYSRUS.COM, LLC	-	-	-
TRU (HK) LIMITED	-	-	-
TRU (VERMONT), INC.	-	-	-
TRU - LSM REDEVELOPMENT CORPOR	-	-	-
TRU BELGIUM HOLDINGS II, INC.	-	-	-
TRU DATA SERVICES, INC.	-	-	-
TRU GULF SERVICES, INC.	-	-	-
TRU INVESTMENTS, INC.	-	-	-
TRU NETHERLANDS HOLDINGS I, IN	-	-	-
TRU OF PUERTO RICO, INC.	-	-	-
VETS4PETS LTD	-	-	-
Y.K. BABIESRUS INTERNET JAPAN	-	-	-
Y.K. TOYSRUS INTERNET JAPAN	-	-	-

Shareholder(s)

Name	JUDITH MILGROM SAS
Name of representative
Manager position	President	Date of birth	-
Place of birth
Type	Moral person	Name at birth
				View Details

Director(s)

Name	M. PRADERE EMMANUEL
Manager position	Delegated managing director	Date of birth	02/05/1972
Place of birth	TOULOUSE (31000)
Type	Individual	Name at birth
				View Details

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	Mme. MILGROM JUDITH	24/11/1964 - RABAT(MAROC)	View Details
President	Mme. MILGROM JUDITH	24/11/1964 - RABAT(MAROC)	View Details
President	M. MOYAL ALAIN DAV	01/10/1970 - RABAT(MAROC)	View Details
President	M. MOYAL ALAIN	01/10/1970 - RABAT MAROC	View Details
Manager	M. MOYAL ALAIN	01/10/1970 - RABAT MAROC	View Details
Managing director	MME. MILGROM JUDITH	-	View Details
Managing director	MME. MILGROM JUDITH	24/11/1964 - RABAT MAROC	View Details
Managing director	Mme. MILGROM JUDITH	24/11/1964 - RABAT(MAROC)	View Details
Managing director	M. PINAULT BRIAC	09/01/1967 - PITHIVIERS (45300)	View Details
Delegated managing director	M. BIOUSSE FREDERIC	-	View Details
Delegated managing director	M. BIOUSSE FREDERIC	11/03/1969 - ST DIZIER	View Details
Delegated managing director	M. BIOUSSE FRÉDÉRIC	11/03/1969 - SAINT-DIZIER (52100)	View Details
Delegated managing director	M. BIOUSSE FRÉDÉRIC	11/03/1969 - ST DIZIER (52100)	View Details
Delegated managing director	M. BIOUSSE FRÉDÉRIC	11/03/1969 - ST DIZIER (52100)	View Details
Delegated managing director	MME. CHETRITE REBECCA	-	View Details
Delegated managing director	Mme. CHETRITE REBECCA EVELYNE	01/07/1958 - RABAT(MAROC)	View Details
Delegated managing director	Mme. CHETRITE REBECCA EVELYNE	01/07/1958 - RABAT(MAROC)	View Details
Delegated managing director	MME. CHETRITE REBECCA	01/07/1958 - RABAT MAROC	View Details
Delegated managing director	M. KOUBY ELIE	-	View Details
Delegated managing director	M. KOUBY ELIE	09/03/1952 - CASABLANCA MAROC	View Details
Delegated managing director	M. KOUBY ELIE	09/03/1952 - CASABLANCA(MAROC)	View Details
Delegated managing director	M. KOUBY ELIE	09/03/1952 - CASABLANCA(MAROC)	View Details
Administrator	M. BIOUSSE FREDERIC	-	View Details
Administrator	M. BIOUSSE FREDERIC	11/03/1969 - ST DIZIER	View Details
Administrator	M. BIOUSSE FRÉDÉRIC	11/03/1969 - ST DIZIER (52100)	View Details
Administrator	M. BIOUSSE FRÉDÉRIC	11/03/1969 - ST DIZIER (52100)	View Details
Administrator	MME. CHETRITE REBECCA	-	View Details
Administrator	Mme. CHETRITE REBECCA EVELYNE	01/07/1958 - RABAT(MAROC)	View Details
Administrator	Mme. CHETRITE REBECCA EVELYNE	01/07/1958 - RABAT(MAROC)	View Details
Administrator	MME. CHETRITE REBECCA	01/07/1958 - RABAT MAROC	View Details
1 2 next

Status history

No Status History

Recent publications in Gazettes

	Publication date	Gazette Name	Description
Hide	20/06/2014	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7797 - 382544310 RCS. MAJE. Forme : Société par actions simplifiée. Adresse : 24 rue du Mail 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
Hide	26/03/2014	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 3730 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : Directeur général partant : Pinault, Briac. Capital : 100000 EUR. Activité : . Adresse du siège social : 24 rue du Mail, 75002 Paris. Commentaires : modification survenue sur l'administration.
Hide	11/03/2014	JAL	Resignation / Revocation of the social representative
Echos (Les) / Le Publicateur Légal - La Vie Judiciaire Date de décision : 22/01/2014 La société 382544310 - MAJE, MAJE, 24 RUE DU MAIL, 75002 PARIS 2 Fait l'objet du départ de Monsieur Braic PINAULT, Chemin de la Glacière, 78470, ST REMY LES CHEVREUSE
Hide	28/08/2013	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2475 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : Président partant : Moyal, nom d'usage : Milgrom, Judith, nomination du Président : JUDITH MILGROM SAS, nomination du Directeur général : Pinault, Briac, Directeur général délégué partant : Moyal, nom d'usage : Chetrite, Rebecca Evelyne, Directeur général délégué partant : Biousse, Frédéric, Directeur général délégué partant : Kouby, Elie, nomination du Directeur général délégué : Pradere, Emmanuel. Capital : 100000 EUR. Activité : . Adresse du siège social : 24 rue du Mail, 75002 Paris. Commentaires : modification survenue sur l'administration.
Hide	08/08/2013	JAL	Appointment of the social representative
Affiches parisiennes (Les) Date de décision : 27/06/2013 Société faisant l'objet d'une nomination : 382544310 - MAJE, MAJE, 24 RUE DU MAIL, 75002 PARIS 2 Nominé : 793762360 - JUDITH MILGROM SAS, 47 RUE SPONTINI, 75116 PARIS 16 En la fonction de : Président Nominé : Monsieur Braic PINAULT, 78470 ST REMY LES CHEVREUSE En la fonction de : Directeur général Nominé : Monsieur Emmanuel PRADERE, 75116 PARIS 16
Hide	08/08/2013	JAL	Resignation / Revocation of the social representative
Affiches parisiennes (Les) Date de décision : 27/06/2013 La société 382544310 - MAJE, MAJE, 24 RUE DU MAIL, 75002 PARIS 2 Fait l'objet du départ de Madame Judith MILGROM, De Monsieur Elie KOUBY, De Monsieur Frédéric BIOUSSE, De Madame Rebecca Evelyne CHETRITE
Hide	10/06/2013	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 11189 - 382544310 RCS. MAJE. Forme : Société par actions simplifiée. Adresse : 24 rue du Mail 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
Hide	25/06/2012	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8756 - 382544310 RCS. MAJE. Forme : Société par actions simplifiée. Adresse : 24 rue du Mail 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
Hide	23/11/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1944 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : modification du Directeur général délégué Moyal, nom d'usage : Chetrite, Rebecca Evelyne, modification du Directeur général délégué Biousse, Frédéric, modification du Directeur général délégué Kouby, Elie, Administrateur partant : Moyal, Alain Dav, Administrateur partant : Moyal, nom d'usage : Milgrom, Judith. Capital : 100000 EUR. Activité : . Adresse du siège social : 24 rue du Mail, 75002 Paris. Commentaires : modification survenue sur l'administration.
Hide	10/06/2011	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7605 - 382544310 RCS. MAJE. Forme : Société par actions simplifiée. Adresse : 24 rue du Mail 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
Hide	10/06/2011	Bodacc C	Comptes annuels, consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 7606 - 382544310 RCS. MAJE. Forme : Société par actions simplifiée. Adresse : 24 rue du Mail 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
Hide	26/05/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1100 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : Président MOYAL Judith,Directeur général délégué et Administrateur KOUBY Elie,Directeur général délégué et Administrateur BIOUSSE Frédéric,Directeur général délégué et Administrateur MOYAL Rebecca Evelyne,Administrateur MOYAL Judith,Administrateur MOYAL Alain Dav,Commissaire aux comptes suppléant GOALEC Isabelle,Commissaire aux comptes suppléant MERCADAL PIERRE. Capital : 100000 EUR. Activité : Commerce de gros inter entreprise habillement et chaussures. Adresse de l’établissement principal : 24 rue du Mail, 75002 Paris. Adresse du siège social : 24 rue du Mail, 75002 Paris. Commentaires : Modifications survenues sur le siège social, l'établissement, l'activité. Date de commencement de l’activité : 01/11/2006.
Hide	05/04/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1336 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : Commissaire aux comptes titulaire partant : Moitrier, Gérard, Commissaire aux comptes suppléant partant : Bensa, François. Capital : 100000 EUR. Activité : Commerce de gros inter entreprise habillement et chaussures. Adresse du siège social : 24 rue du Mail, 75002 Paris. Commentaires : modification survenue sur l'administration.
Hide	10/03/2011	JAL	Head Office Transfer
Nouvel Economiste (Le) Date de décision : 31/01/2011 Transfert du siège social de la société 382544310 -  MAJE Adresse du nouveau siège : 24 Rue du Mail, 75002 PARIS 02 Ancienne localisation : 13 RUE D ABOUKIR, 75002 PARIS 2 Date d'effet : 31/01/2011
Hide	06/01/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1000 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : modification du Président Moyal, nom d'usage : Milgrom, Judith, modification de l'Administrateur Moyal, Alain Dav, nomination de l'Administrateur : Moyal, nom d'usage : Milgrom, Judith, nomination du Commissaire aux comptes titulaire : KPMG S.A., nomination du Commissaire aux comptes suppléant : Goalec, Isabelle. Capital : 100000 EUR. Activité : . Adresse du siège social : 13 rue d'Aboukir, 75002 Paris. Commentaires : modification survenue sur l'administration.
Hide	21/12/2010	Bodacc C	Comptes annuels, consolidés et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8866 - 382544310 RCS. MAJE. Forme : Société par actions simplifiée. Adresse : 13 R D ABOUKIR 75002 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
Hide	21/12/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 8867 - 382544310 RCS. MAJE. Forme : Société par actions simplifiée. Adresse : 13 R D ABOUKIR 75002 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
Hide	30/11/2010	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Société faisant l'objet d'une nomination : 382544310 - MAJE, 13 RUE D ABOUKIR, 75002 PARIS 2 Nominé : Madame Judith MILGROM, 51 Avenue Bugeaud, 75116 PARIS 16 En la fonction de : Président Date d'effet : 04/11/2010
Hide	30/11/2010	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Société faisant l'objet d'une nomination : 382544310 - MAJE, 13 RUE D ABOUKIR, 75002 PARIS 2 Nominé : Madame Judith MILGROM, 51 Avenue Bugeaud, 75116 PARIS 16 En la fonction de : Président Date d'effet : 04/11/2010
Hide	30/11/2010	JAL	Resignation / Revocation of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 04/11/2010 La société 382544310 - MAJE, 13 RUE D ABOUKIR, 75002 PARIS 2 Fait l'objet du départ de Date d'effet : 04/11/2010
Hide	13/07/2010	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 2219 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : nomination du Commissaire aux comptes titulaire : Moitrier, Gérard, nomination du Commissaire aux comptes suppléant : Bensa, François. Capital : 100000 EUR. Adresse du siège social : 13 rue d'Aboukir, 75002 Paris. Commentaires : modification survenue sur l'administration.
Hide	05/02/2010	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1421 - 382544310 RCS. MAJE. Forme : Société par actions simplifiée. Adresse : 13 R D ABOUKIR 75002 PARIS. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
Hide	22/05/2009	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 618 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : modification du Directeur général et Administrateur Moyal, nom d'usage : Milgrom, Judith, nomination du Directeur général délègué et Administrateur : Moyal, nom d'usage : Chetrite, Rebecca Evelyne, nomination du Directeur général délègué et Administrateur : Biousse, Frédéric, nomination du Directeur général délègué et Administrateur : Kouby, Elie, nomination de l'Administrateur : Moyal, Alain Dav. Capital : 100000 EUR. Adresse du siège social : 13 rue d'Aboukir, 75002 Paris. Commentaires : modification survenue sur l'administration.
Hide	19/12/2008	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1882 - 382 544 310 RCS Paris. MAJE. Forme : Société par actions simplifiée. Administration : modification du Président Moyal, Alain Dav, nomination du Directeur général : Moyal, nom d'usage : Milgrom, Judith. Capital : 100000 EUR. Adresse du siège social : 13 rue d'Aboukir, 75002 Paris. Commentaires : modification survenue sur la forme juridique et l'administration.
Hide	10/12/2008	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 5926 - 382544310 RCS. MAJE. Forme : Société à responsabilité limitée. Adresse : 13 rue d'Aboukir 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
Hide	27/12/2007	Bodacc C	Avis de dépôt des comptes
6383 - 382 544 310. RCS Paris MAJE. Forme: Société à responsabilité limitée. Adresse du siège social: 13 rue d'Aboukir 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2006.
Hide	17/01/2007	Bodacc C	Avis de dépôt des comptes
2327 - RCS Paris B 382 544 310. RC 91-B 9688. MAJE. Forme: S.A.R.L.. Adresse du siège social: 13, R D Aboukir,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2005.
Hide	13/04/2006	Bodacc B	Modifications et mutations diverses
2133 - RCS Paris B 382 544 310. RC 91-B 9688. MAJE. Forme : S.A.R.L. Capital : 100 000 euros. Adresse du siège social : 13 rue d'Aboukir,, 75002 Commentaires : modification survenue sur l'adresse du siège social. Etablissement principal - Activité : commerce de gros d'habillement. Adresse : 13 rue d'Aboukir, 75002
Hide	11/02/2006	Bodacc C	Avis de dépôt des comptes
2747 - RCS Paris B 382 544 310. RC 91-B 9688. MAJE. Forme: S.A.R.L.. Adresse du siège social: 13, R d'Aboukir,Paris, 75002 Paris. Comptes annuels et rapports de l'exercice clos le: 31 décembre 2004.
Hide	12/05/2005	Bodacc A	Vente et cession
1076 - RCS Paris B 382 544 310. RC 91-B 9688. MAJE. Forme : S.A.R.L. Capital : 100 000 euros. Adresse du siège social : 31-33 rue du Caire, 75002 Paris. Etablissement principal - Activité : vente de prêt-à-porter pour femmes. Adresse : 31-33 rue du Caire, 75002 Paris. Etablissement complémentaire : Activité : vente en gros d'habillement. Adresse : 13 rue d'Aboukir, 75002 Paris. Etablissement complémentaire acquis par achat, dans le cadre d'une procédure collective, au prix stipulé de 85 000 euros. Date de début d'activité : 1er juillet 1991. Date d'effet : 1er février 2005. Précédent propriétaire : 13. ABOUKIR. RCS B 305 291 908. Publication légale : La Vie judiciaire du 2 mars 2005.
Hide	09/12/2001	Bodacc B	Modifications et mutations diverses
RCS Paris B 382544310 RC 91-B 9688 MAJE. Forme : S.A.R.L. Capital : 100 000 euros. Commentaires : modification survenue sur le capital (augmentation) et l' administration. Administration : nomination du commissaire aux comptes titulaire : FIDUCIAIRE SAINT-MARTIN S.A. R.L. Nomination du commissaire aux comptes suppléant : MERCADAL (Pierre).
Hide	13/02/2000	Bodacc B	Modifications et mutations diverses
RCS Paris B 382544310 RC 91-B 9688 MAJE. Forme : S.A.R.L. Adresse du siège social : 31-33 rue du Caire, 75002 Paris. Commentaires : modification survenue sur l'adresse du siège social et l'adresse de l'établissement principal Etablissement principal: Adresse : 31-33 rue du Caire, 75002 Paris.

Company events history

Date	Description
20/06/2014	Bodacc C : Deposit accounts notice
21/05/2014	-
21/05/2014	-
21/05/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
26/03/2014	Bodacc B: Various editing or changing
13/03/2014	-
11/03/2014	Changes to the Board of Directors
11/03/2014	Legal Gazette: Resignation / Revocation of the social representative
11/03/2014	Amendment
04/01/2014	-
04/01/2014	-
31/12/2013	New accounts available
04/12/2013	Payment incident closed
16/10/2013	-
16/10/2013	-
15/10/2013	-
15/10/2013	-
01/10/2013	Payment incident detected
28/08/2013	Bodacc B: Various editing or changing
13/08/2013	New chairman (CEO, CoB)
13/08/2013	Changes to the Board of Directors
13/08/2013	Amendment
08/08/2013	Legal Gazette: Resignation / Revocation of the social representative
03/08/2013	-
03/08/2013	-
05/07/2013	Update of participations in other companies
27/06/2013	Legal Gazette: Appointment of the social representative
10/06/2013	Bodacc C : Deposit accounts notice
11/05/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/05/2013	New subsidiarie(s) detected
03/05/2013	New ultimate parent
31/12/2012	New accounts available
05/10/2012	New subsidiarie(s) detected
05/10/2012	New ultimate parent
05/10/2012	New parent detected
25/06/2012	Bodacc C : Deposit accounts notice
22/05/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2011	New accounts available
23/11/2011	Bodacc B: Various editing or changing
08/11/2011	Updated articles of association
08/11/2011	Minutes of general meeting of shareholders
20/07/2011	New Filling of Social Security preferential right
20/07/2011	Unfiling of a Social Security preferential right
10/06/2011	Bodacc C : Deposit accounts notice
26/05/2011	Bodacc B: Various editing or changing
06/05/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
05/04/2011	Bodacc B: Various editing or changing
21/03/2011	Minutes of general meeting of shareholders
21/03/2011	New auditor
21/03/2011	Registered office transferred inside jurisdiction of the Commercial Court
21/03/2011	Updated articles of association
10/03/2011	Legal Gazette: Head Office Transfer
31/01/2011	Transfer of Establishment
31/01/2011	Update of Company Head Office Identifier
06/01/2011	Bodacc B: Various editing or changing
31/12/2010	New accounts available
22/12/2010	Amendment
22/12/2010	Changes to the Board of Directors
22/12/2010	Minutes of general meeting of shareholders
22/12/2010	New chairman (CEO, CoB)
22/12/2010	New auditor
21/12/2010	Bodacc C : Deposit accounts notice
30/11/2010	Legal Gazette: Resignation / Revocation of the social representative
04/11/2010	Legal Gazette: Appointment of the social representative
13/07/2010	Bodacc B: Various editing or changing
25/06/2010	New auditor
25/06/2010	Minutes of general meeting of shareholders
05/02/2010	Bodacc C : Deposit accounts notice
31/12/2009	New consolidated accounts available
31/12/2009	New accounts available
12/08/2009	Collection of preferential rights activated for this company
22/05/2009	Bodacc B: Various editing or changing
06/05/2009	Changes to the Board of Directors
06/05/2009	Amendment
06/05/2009	Updated articles of association
05/05/2009	Updated articles of association
05/05/2009	Private document
05/05/2009	Minutes of general meeting of shareholders
05/05/2009	Appointment/resignation of company officers
31/12/2008	New accounts available
19/12/2008	New Bodacc B ads detected
19/12/2008	Bodacc B: Various editing or changing
10/12/2008	Bodacc C : Deposit accounts notice
01/12/2008	New legal form – no new category
01/12/2008	Minutes of general meeting of shareholders
01/12/2008	Minutes of general meeting of shareholders
01/12/2008	Changes to the Board of Directors
01/12/2008	Audit or Management Report
01/12/2008	Appointment/resignation of company officers
01/12/2008	Audit or Management Report
01/12/2008	Private document
01/12/2008	Updated articles of association
01/12/2008	Updated articles of association
01/12/2008	New legal form – new category
02/01/2008	Sale of shares
02/01/2008	Private document
02/01/2008	Private document
02/01/2008	Sale of shares
31/12/2007	New accounts available
31/12/2006	New accounts available
31/12/2005	New accounts available
07/12/2005	Registered office transferred inside jurisdiction of the Commercial Court
07/12/2005	Private document
07/12/2005	Minutes of general meeting of shareholders
07/12/2005	Updated articles of association
31/12/2004	New accounts available
31/12/2003	New accounts available
27/11/2001	Appointment/resignation of company officers
27/11/2001	Conversion of equity to euro
27/11/2001	Minutes of general meeting of shareholders
27/11/2001	New auditor
27/11/2001	Private document
27/11/2001	Updated articles of association
27/11/2001	Capital increase
31/01/2000	Minutes of general meeting of shareholders
31/01/2000	Updated articles of association
31/01/2000	Private document
31/01/2000	Registered office transferred inside jurisdiction of the Commercial Court
31/01/1995	Amendment
31/01/1995	Sale of shares
31/01/1995	Updated articles of association
31/01/1995	Private document
21/07/1993	Minutes of general meeting of shareholders
21/07/1993	Appointment/resignation of company officers
21/07/1993	Amendment
21/07/1993	New manager

Synthesized Accounts

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	20/05/2014	10/05/2013	19/05/2012
Activity Code	4642Z	4642Z	4642Z
Employees	69	81	85

Active account

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Capital not called	0 0 K	0%	0 0 K	0%	0 0 K	39.46 0.04 K	0%	0 0 K	0%
Total fixed assets	1,490,931 1,491 K	-27.8 %	2,063,579 2,064 K	-63.4 %	5,644,990 5,645 K	640,556.88 640.56 K	132.8 %	45,396 45 K	3184.3 %
Intangible assets	49,948 50 K	-17.0 %	60,166 60 K	-9.5 %	66,456 66 K	186,509.31 186.51 K	-73.2 %	6,063 6 K	723.9 %
Tangible assets	898,880 899 K	-29.9 %	1,282,147 1,282 K	-14.6 %	1,500,485 1,500 K	151,816.35 151.82 K	492.1 %	5,850 6 K	15265.5 %
Financial assets	542,103 542 K	-24.8 %	721,266 721 K	-82.3 %	4,078,049 4,078 K	305,131.05 305.13 K	77.7 %	6,148 6 K	8718.3 %
Net current assets	50,857,996 50,858 K	8.1 %	47,047,787 47,048 K	7.9 %	43,588,445 43,588 K	2,214,725.76 2,214.73 K	2196.4 %	222,976 223 K	22708.8 %
Stocks	14,817,395 14,817 K	26.5 %	11,715,334 11,715 K	-9.3 %	12,915,521 12,916 K	648,374.76 648.37 K	2185.3 %	57,072 57 K	25862.6 %
Advanced payments	0 0 K	0%	0 0 K	0%	34,449 34 K	25,601.09 25.60 K	0%	0 0 K	0%
Receivables	34,448,639 34,449 K	-1.1 %	34,824,201 34,824 K	13.9 %	30,586,962 30,587 K	1,244,800.23 1,244.80 K	2667.4 %	63,895 64 K	53814.5 %
Securities and cash	1,591,962 1,592 K	213.2 %	508,252 508 K	886.6 %	51,513 52 K	295,291.88 295.29 K	439.1 %	36,403 36 K	4273.2 %
Prepaid expenses	- -	-	- -	-	- -	2,072.49 2.07 K	-	49 0 K	-
Accounts of regularization	5,000 5 K	0%	0 0 K	0%	17,564 18 K	6,315.56 6.32 K	-20.8 %	0 0 K	0%
Total Assets	52,353,927 52,354 K	6.6 %	49,111,367 49,111 K	-0.3 %	49,251,000 49,251 K	2,859,620.66 2,859.62 K	1730.8 %	305,629 306 K	17029.9 %

Passive Account

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Shareholders' equity	23,139,699 23,140 K	-17.7 %	28,103,051 28,103 K	29.7 %	21,659,834 21,660 K	1,026,535.17 1,026.54 K	2154.2 %	67,166 67 K	34351.5 %
Share capital	100,000 100 K	0%	100,000 100 K	0%	100,000 100 K	326,987.18 326.99 K	-69.4 %	9,000 9 K	1011.1 %
Other capital resources	0 0 K	0%	0 0 K	0%	0 0 K	340.39 0.34 K	0%	0 0 K	0%
Risk Provisions	795,977 796 K	75.8 %	452,861 453 K	-41.5 %	774,179 774 K	59,007.28 59.01 K	1248.9 %	0 0 K	0%
Liabilities	28,045,341 28,045 K	36.7 %	20,519,798 20,520 K	-23.5 %	26,816,987 26,817 K	1,770,914.23 1,770.91 K	1483.7 %	204,721 205 K	13599.3 %
Financial liabilities	59,423 59 K	-98.5 %	3,844,015 3,844 K	-67.1 %	11,700,738 11,701 K	551,642.87 551.64 K	-89.2 %	14,384 14 K	313.1 %
Advanced payments received	0 0 K	0%	0 0 K	0%	0 0 K	12,237.81 12.24 K	0%	0 0 K	0%
Trade account payables	13,712,162 13,712 K	42.0 %	9,653,827 9,654 K	-11.2 %	10,869,016 10,869 K	775,087.30 775.09 K	1669.1 %	71,326 71 K	19124.6 %
Tax and social liabilities	3,459,370 3,459 K	24.0 %	2,789,329 2,789 K	16.4 %	2,396,799 2,397 K	240,229.71 240.23 K	1340.0 %	43,156 43 K	7916.0 %
Other debts and fixed assets liabilities	9,566,683 9,567 K	373.2 %	2,021,636 2,022 K	1794.1 %	106,732 107 K	257,837.03 257.84 K	3610.4 %	9,257 9 K	103251.0 %
Account regularization	1,620,613 1,621 K	-27.9 %	2,246,646 2,247 K	28.8 %	1,743,702 1,744 K	19,080.73 19.08 K	8393.5 %	0 0 K	0%
Total liabilities	52,353,927 52,354 K	6.6 %	49,111,367 49,111 K	-0.3 %	49,251,000 49,251 K	2,859,599.68 2,859.60 K	1730.8 %	305,628 306 K	17030.0 %

Results

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Sales of Goods	92,867,439 92,867 K	26.9 %	73,209,131 73,209 K	19.5 %	61,259,501 61,260 K	4,773,737.24 4,773.74 K	1845.4 %	445,944 446 K	20724.9 %
Net turnover	89,368,281 89,368 K	28.2 %	69,698,411 69,698 K	25.7 %	55,453,224 55,453 K	4,619,960.53 4,619.96 K	1834.4 %	440,498 440 K	20188.0 %
of which net export turnover	31,663,432 31,663 K	37.1 %	23,092,574 23,093 K	26.8 %	18,215,099 18,215 K	1,331,042.85 1,331.04 K	2278.8 %	1,369 1 K	2313632.7 %
Operating charges	69,634,565 69,635 K	18.5 %	58,759,639 58,760 K	12.1 %	52,432,740 52,433 K	4,608,681.66 4,608.68 K	1410.9 %	451,038 451 K	15338.7 %
Operating profit/loss	23,232,874 23,233 K	60.8 %	14,449,492 14,449 K	63.7 %	8,826,761 8,827 K	165,055.57 165.06 K	13975.8 %	7,267 7 K	319625.8 %
Financial income	10,246,097 10,246 K	693.0 %	1,292,017 1,292 K	132.5 %	555,617 556 K	75,670.89 75.67 K	13440.3 %	1 0 K	1024609600.0 %
Financial charges	409,692 410 K	-17.8 %	498,570 499 K	1.6 %	490,710 491 K	65,090.86 65.09 K	529.4 %	565 1 K	72476.1 %
Financial profit/loss	9,836,405 9,836 K	1139.7 %	793,447 793 K	1122.4 %	64,907 65 K	10,580.03 10.58 K	92871.4 %	-55 0 K	17884472.7 %
Pretax net operating income	33,069,279 33,069 K	116.9 %	15,242,939 15,243 K	71.4 %	8,891,668 8,892 K	175,697.98 175.70 K	18721.7 %	5,957 6 K	555079.7 %
Extraordinary income	125,591 126 K	-85.2 %	849,740 850 K	115.9 %	393,636 394 K	44,154.88 44.15 K	184.4 %	0 0 K	0%
Extraordinary charges	424,266 424 K	-80.7 %	2,200,553 2,201 K	83.9 %	1,196,345 1,196 K	57,315.45 57.32 K	640.2 %	189 0 K	224974.8 %
Extraordinary profit/loss	-298,676 -299 K	77.9 %	-1,350,813 -1,351 K	-68.3 %	-802,709 -803 K	-13,160.58 -13.16 K	-2169.5 %	0 0 K	0%
Net result	23,029,648 23,030 K	157.5 %	8,943,218 8,943 K	84.3 %	4,853,109 4,853 K	95,875.40 95.88 K	23920.4 %	7,032 7 K	327421.1 %

Accounts – Active

Normal Account

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

Grand Total - Active Accounts (I to VI)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Grand Total (I to VI)	Net	52,353,927 52,354 K	6.6 %	49,111,367 49,111 K	-0.3 %	49,251,000 49,251 K
Gross	CO	55,122,467 55,122 K	7.8 %	51,156,576 51,157 K	0.3 %	50,994,234 50,994 K
Amortisation	1A	2,768,540 2,769 K	35.4 %	2,045,209 2,045 K	17.3 %	1,743,234 1,743 K

Non declared distributed capital (I)

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

Active fixed asset (II)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total Active fixed asset (II)	Net	1,490,931 1,491 K	-27.8 %	2,063,579 2,064 K	-63.4 %	5,644,990 5,645 K
Gross	BJ	3,186,244 3,186 K	-2.7 %	3,276,129 3,276 K	-48.2 %	6,328,770 6,329 K
Amortisation	BK	1,695,314 1,695 K	39.8 %	1,212,550 1,213 K	77.3 %	683,780 684 K

Intangible fixed assets

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Start-up cost	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AB	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AC	0 0 K	0%	0 0 K	0%	0 0 K
R&D expenses	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CX	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AE	0 0 K	0%	0 0 K	0%	0 0 K
Distributorships, patents	Net	49,94p8 50 K	-17.0 %	60,166 60 K	-9.5 %	66,456 66 K
Gross	AF	317,727 318 K	12.4 %	282,728 283 K	82.1 %	155,279 155 K
Amortisation	AG	267,779 268 K	20.3 %	222,562 223 K	150.6 %	88,823 89 K
Goodwill	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AH	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AI	0 0 K	0%	0 0 K	0%	0 0 K
Other intangible fixed assets	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AJ	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AK	0 0 K	0%	0 0 K	0%	0 0 K
Pre-payments and downpayments	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AL	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AM	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Intangible asset	Net	49,948 50 K	-17.0 %	60,166 60 K	-9.5 %	66,456 66 K

Tangilble fixed assets

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Lands	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AN	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AO	0 0 K	0%	0 0 K	0%	0 0 K
Buildings	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AP	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AQ	0 0 K	0%	0 0 K	0%	0 0 K
Plant	Net	19,427 19 K	14.6 %	16,953 17 K	27.5 %	13,297 13 K
Gross	AR	33,674 34 K	33.3 %	25,271 25 K	43.4 %	17,618 18 K
Amortisation	AS	14,247 14 K	71.3 %	8,318 8 K	92.5 %	4,321 4 K
Other tangible fixed assets	Net	875,314 875 K	-30.8 %	1,265,194 1,265 K	-14.9 %	1,487,188 1,487 K
Gross	AT	2,288,601 2,289 K	1.9 %	2,246,864 2,247 K	9.4 %	2,054,188 2,054 K
Amortisation	AU	1,413,287 1,413 K	44.0 %	981,670 982 K	73.1 %	567,000 567 K
Fixed assets in construction	Net	4,139 4 K	0%	0 0 K	0%	0 0 K
Gross	AV	4,139 4 K	0%	0 0 K	0%	0 0 K
Amortisation	AW	0 0 K	0%	0 0 K	0%	0 0 K
Advances and payments on account	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AX	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AY	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Tangible asset	Net	898,880 899 K	-29.9 %	1,282,147 1,282 K	-14.6 %	1,500,485 1,500 K

Financial assets

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Associates at equity	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CS	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CT	0 0 K	0%	0 0 K	0%	0 0 K
Other participations	Net	229,828 230 K	0%	229,828 230 K	0%	229,828 230 K
Gross	CU	229,828 230 K	0%	229,828 230 K	-9.3 %	253,464 253 K
Amortisation	CV	0 0 K	0%	0 0 K	0%	23,636 24 K
Inter-company receivables	Net	0 0 K	0%	0 0 K	0%	3,356,101 3,356 K
Gross	BB	0 0 K	0%	0 0 K	0%	3,356,101 3,356 K
Amortisation	BC	0 0 K	0%	0 0 K	0%	0 0 K
Other investment securities	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BD	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BE	0 0 K	0%	0 0 K	0%	0 0 K
Loans	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BF	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BG	0 0 K	0%	0 0 K	0%	0 0 K
Other financial assets	Net	312,275 312 K	-36.5 %	491,438 491 K	-0.1 %	492,120 492 K
Gross	BH	312,275 312 K	-36.5 %	491,438 491 K	-0.1 %	492,120 492 K
Amortisation	BI	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Financial assets	Net	542,103 542 K	-24.8 %	721,266 721 K	-82.3 %	4,078,049 4,078 K

urrent Assets (III)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total Assets	Net	50,857,996 50,858 K	8.1 %	47,047,787 47,048 K	7.9 %	43,588,445 43,588 K
Gross	CJ	51,931,222 51,931 K	8.5 %	47,880,447 47,880 K	7.2 %	44,647,899 44,648 K
Amortisation	CK	1,073,226 1,073 K	28.9 %	832,660 833 K	-21.4 %	1,059,454 1,059 K

Stocks

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Raw materials	Net	4,662,147 4,662 K	51.3 %	3,081,515 3,082 K	-27.6 %	4,258,868 4,259 K
Gross	BL	4,718,634 4,719 K	50.3 %	3,139,066 3,139 K	-29.1 %	4,426,408 4,426 K
Amortisation	BM	56,487 56 K	-1.8 %	57,551 58 K	-65.6 %	167,540 168 K
Work in progress (goods)	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BN	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BO	0 0 K	0%	0 0 K	0%	0 0 K
Work in progress (services)	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BP	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BQ	0 0 K	0%	0 0 K	0%	0 0 K
Semi-finished and finished products	Net	10,155,248 10,155 K	17.6 %	8,633,819 8,634 K	-0.3 %	8,656,653 8,657 K
Gross	BR	10,985,452 10,985 K	19.1 %	9,222,393 9,222 K	-1.8 %	9,391,836 9,392 K
Amortisation	BS	830,204 830 K	41.1 %	588,574 589 K	-19.9 %	735,183 735 K
Goods for resale	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BT	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BU	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Stocks	Net	14,817,395 14,817 K	26.5 %	11,715,334 11,715 K	-9.3 %	12,915,521 12,916 K

Advance payments to suppliers

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Advance payments to suppliers	Net	0 0 K	0%	0 0 K	0%	34,449 34 K
Gross	BV	0 0 K	0%	0 0 K	0%	34,449 34 K
Amortisation	BW	0 0 K	0%	0 0 K	0%	0 0 K

Debtors

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Trade accounts receivable	Net	14,898,601 14,899 K	-13.7 %	17,272,932 17,273 K	-14.3 %	20,165,576 20,166 K
Gross	BX	15,085,136 15,085 K	-13.6 %	17,459,467 17,459 K	-14.1 %	20,322,307 20,322 K
Amortisation	BY	186,535 187 K	0%	186,535 187 K	19.0 %	156,731 157 K
Other debtors	Net	18,216,558 18,217 K	11.1 %	16,393,914 16,394 K	77.8 %	9,222,056 9,222 K
Gross	BZ	18,216,558 18,217 K	11.1 %	16,393,914 16,394 K	77.8 %	9,222,056 9,222 K
Amortisation	CA	0 0 K	0%	0 0 K	0%	0 0 K
Capital subscribed and called up	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CB	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CC	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total debtors	Net	33,115,159 33,115 K	-1.6 %	33,666,846 33,667 K	14.6 %	29,387,632 29,388 K

Divers

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Investment securities	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CD	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CE	0 0 K	0%	0 0 K	0%	0 0 K
Cash and cash equivalents	Net	1,591,962 1,592 K	213.2 %	508,252 508 K	886.6 %	51,513 52 K
Gross	CF	1,591,962 1,592 K	213.2 %	508,252 508 K	886.6 %	51,513 52 K
Amortisation	CG	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Divers	Net	1,591,962 1,592 K	213.2 %	508,252 508 K	886.6 %	51,513 52 K

Prepaid expenses

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Prepaid expenses	Net	1,333,480 1,333 K	15.2 %	1,157,355 1,157 K	-3.5 %	1,199,330 1,199 K
Gross	CH	1,333,480 1,333 K	15.2 %	1,157,355 1,157 K	-3.5 %	1,199,330 1,199 K
Amortisation	CI	0 0 K	0%	0 0 K	0%	0 0 K

Equalization accounts (IV to VI)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Multi-period charges	CW3	0 0 K	0%	0 0 K	0%	0 0 K
Gross		0 0 K	0%	0 0 K	0%	0 0 K
Premiums on redemption of bonds	CM3	0 0 K	0%	0 0 K	0%	0 0 K
Gross		0 0 K	0%	0 0 K	0%	0 0 K
Currency differential gain	CN3	5,000 5 K	0%	0 0 K	0%	17,564 18 K
Gross		5,000 5 K	0%	0 0 K	0%	17,564 18 K

References

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Due within one year	CP	0 0 K	0%	0 0 K	0%	0 0 K
Due after one year	CR	0 0 K	0%	0 0 K	0%	0 0 K

Accounts – Passive

Grand Total - Passive Accounts (I to V)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Grand Total (I to V)	EE	52,353,927 52,354 K	6.6 %	49,111,367 49,111 K	-0.3 %	49,251,000 49,251 K

Shareholder Equity (I)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total shareholders' equity (Total I)	DL	23,139,699 23,140 K	-17.7 %	28,103,051 28,103 K	29.7 %	21,659,834 21,660 K
Equity and shareholders' equity	DA	100,000 100 K	0%	100,000 100 K	0%	100,000 100 K
Issue and merger premiums	DB	0 0 K	0%	0 0 K	0%	0 0 K
Revaluation differentials	DC	0 0 K	0%	0 0 K	0%	0 0 K
Of which equity differential	EK	0 0 K	0%	0 0 K	0%	0 0 K
Legal reserve	DD	10,000 10 K	0%	10,000 10 K	0%	10,000 10 K
Statutory or contractual reserve	DE	0 0 K	0%	0 0 K	0%	0 0 K
Special regulated reserves	DF	0 0 K	0%	0 0 K	0%	0 0 K
Of which special reserve of provisions for current fluctuation	B1	0 0 K	0%	0 0 K	0%	0 0 K
Other reserves	DG	51 0 K	-100.0 %	19,049,833 19,050 K	14.1 %	16,696,725 16,697 K
Of which reserve for buying originals works from alive artists	EJ	0 0 K	0%	0 0 K	0%	0 0 K
Profits or losses brought forward	DH	0 0 K	0%	0 0 K	0%	0 0 K
Profit or loss for the period	DI	23,029,648 23,030 K	157.5 %	8,943,218 8,943 K	84.3 %	4,853,109 4,853 K
Investment grants	DJ	0 0 K	0%	0 0 K	0%	0 0 K
Special tax-allowable reserves	DK	0 0 K	0%	0 0 K	0%	0 0 K

Other capital resources (II)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total other capital resources (Total II)	DO	0 0 K	0%	0 0 K	0%	0 0 K
Income from participating securities	DM	0 0 K	0%	0 0 K	0%	0 0 K
Conditional loans	DN	0 0 K	0%	0 0 K	0%	0 0 K

Provisions for risks and charges (III)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total provisions for risks and charges (Total III)	DR	795,977 796 K	75.8 %	452,861 453 K	-41.5 %	774,179 774 K
Risk provisions	DP	366,310 366 K	3563.1 %	10,000 10 K	-92.3 %	129,564 130 K
Reserves for charges	DQ	429,667 430 K	-3.0 %	442,861 443 K	-31.3 %	644,615 645 K

Liabilities (IV)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total Liabilities (Total IV)	EC	28,045,341 28,045 K	36.7 %	20,519,798 20,520 K	-23.5 %	26,816,987 26,817 K
Convertible debentures	DS	0 0 K	0%	0 0 K	0%	0 0 K
Other debentures	DT	0 0 K	0%	0 0 K	0%	0 0 K
Bank loans and liabilities	DU	14,423 14 K	-99.6 %	3,784,910 3,785 K	-57.8 %	8,962,796 8,963 K
Sundry loans and financial liabilities	DV	45,000 45 K	-23.9 %	59,105 59 K	-97.8 %	2,737,942 2,738 K
Of which participating loans	EI	0 0 K	0%	0 0 K	0%	0 0 K
Advance payments received for current orders	DW	0 0 K	0%	0 0 K	0%	0 0 K
Trade accounts payables	DX	13,712,162 13,712 K	42.0 %	9,653,827 9,654 K	-11.2 %	10,869,016 10,869 K
Tax and social security liabilities	DY	3,459,370 3,459 K	24.0 %	2,789,329 2,789 K	16.4 %	2,396,799 2,397 K
Fixed asset liabilities	DZ	43,301 43 K	49.7 %	28,926 29 K	-63.1 %	78,449 78 K
Other debts	EA	9,150,472 9,150 K	367.6 %	1,957,055 1,957 K	6819.5 %	28,283 28 K

Translation loss (V)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Translation loss (Total V)	ED	372,910 373 K	945.9 %	35,655 36 K	0%	0 0 K

Equalization accounts

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Deferred income	EB	1,620,613 1,621 K	-27.9 %	2,246,646 2,247 K	28.8 %	1,743,702 1,744 K

References

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Of which tax-allowable reserve	EF	0 0 K	0%	0 0 K	0%	0 0 K
Deferred income and liabilities	EG	0 0 K	0%	0 0 K	0%	22,931,193 22,931 K
Of which current bank facilities	EH	0 0 K	0%	0 0 K	0%	4,627,120 4,627 K

Result account

1 - Operating result (I-II)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Operating result (Total I-II)	GG	23,232,874 23,233 K	60.8 %	14,449,492 14,449 K	63.7 %	8,826,761 8,827 K

2 - Financial result (V-VI)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Financial result (Total V-VI)	GV	9,836,405 9,836 K	1139.7 %	793,447 793 K	1122.4 %	64,907 65 K

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

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	33,069,279 33,069 K	116.9 %	15,242,939 15,243 K	71.4 %	8,891,668 8,892 K

4- Extraordinary result (VII-VIII)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Extraordinary result (Total VII-VIII)	HI	-298,676 -299 K	77.9 %	-1,350,813 -1,351 K	-68.3 %	-802,709 -803 K

Profit or loss

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Profit or loss	HN	23,029,648 23,030 K	157.5 %	8,943,218 8,943 K	84.3 %	4,853,109 4,853 K

Total Income (I+III+V+VII)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total Income (Total I+III+V+VII)	HL	103,239,126 103,239 K	37.0 %	75,350,888 75,351 K	21.1 %	62,208,754 62,209 K

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

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total Charges (Total II+IV+VI+VIII+IX+X)	HM	80,209,479 80,209 K	20.8 %	66,407,665 66,408 K	15.8 %	57,355,644 57,356 K

Operating income (I)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total operating income (Total I)	FR	92,867,439 92,867 K	26.9 %	73,209,131 73,209 K	19.5 %	61,259,501 61,260 K

Operating income (details)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Sale of goods for resale	FC	53,186,042 53,186 K	36.4 %	39,001,932 39,002 K	-7.3 %	42,061,218 42,061 K
France	FA	35,021,606 35,022 K	31.4 %	26,643,814 26,644 K	-17.1 %	32,130,670 32,131 K
Export	FB	18,164,437 18,164 K	47.0 %	12,358,118 12,358 K	24.4 %	9,930,548 9,931 K
Sale of goods produced	FF	35,419,234 35,419 K	18.5 %	29,889,680 29,890 K	29.2 %	23,133,106 23,133 K
France	FD	22,225,404 22,225 K	14.3 %	19,440,027 19,440 K	29.8 %	14,976,503 14,977 K
Export	FE	13,193,830 13,194 K	26.3 %	10,449,653 10,450 K	28.1 %	8,156,603 8,157 K
Sale of services	FI	763,004 763 K	-5.4 %	806,799 807 K	108.3 %	-9,741,100 -9,741 K
France	FG	457,839 458 K	-12.3 %	521,996 522 K	105.3 %	-9,869,048 -9,869 K
Export	FH	305,165 305 K	7.1 %	284,803 285 K	122.6 %	127,948 128 K
Net turnover	FL	89,368,281 89,368 K	28.2 %	69,698,411 69,698 K	25.7 %	55,453,224 55,453 K
France	FJ	57,704,849 57,705 K	23.8 %	46,605,837 46,606 K	25.2 %	37,238,125 37,238 K
Export	FK	31,663,432 31,663 K	37.1 %	23,092,574 23,093 K	26.8 %	18,215,099 18,215 K
Stocked production	FM	1,763,059 1,763 K	1140.5 %	-169,443 -169 K	-103.5 %	4,779,914 4,780 K
Self-constructed assets	FN	0 0 K	0%	0 0 K	0%	0 0 K
Operating grants	FO	0 0 K	0%	0 0 K	0%	0 0 K
Release of reserves and provisions	FP	1,245,778 1,246 K	2.2 %	1,219,237 1,219 K	34.2 %	908,577 909 K
Other income	FQ	490,321 490 K	-80.1 %	2,460,926 2,461 K	1989.3 %	117,786 118 K

Operating charges (II)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total operating charges (Total II)	GF	69,634,565 69,635 K	18.5 %	58,759,639 58,760 K	12.1 %	52,432,740 52,433 K

Exploitation charges

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Purchase of goods for resale	FS	27,004,513 27,005 K	60.2 %	16,852,301 16,852 K	10.2 %	15,290,521 15,291 K
Change in stocks of goods for resale	FT	0 0 K	0%	0 0 K	0%	1,241,665 1,242 K
Purchase of raw materials	FU	10,808,710 10,809 K	-3.6 %	11,210,497 11,210 K	-10.8 %	12,568,541 12,569 K
Change in stocks of raw materials	FV	-1,579,568 -1,580 K	-222.7 %	1,287,342 1,287 K	141.6 %	-3,092,608 -3,093 K
Other external purchases and charges	FW	25,190,207 25,190 K	16.7 %	21,582,530 21,583 K	13.3 %	19,054,872 19,055 K
Tax, duty and similar payments	FX	800,307 800 K	-2.3 %	819,148 819 K	34.0 %	611,439 611 K
Payroll	FY	3,836,481 3,836 K	-2.8 %	3,945,390 3,945 K	3.8 %	3,799,146 3,799 K
Social security costs	FZ	1,961,089 1,961 K	15.2 %	1,701,916 1,702 K	6.4 %	1,598,811 1,599 K

Depreciation

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Depreciation of fixed assets	GA	499,361 499 K	-11.2 %	562,056 562 K	31.6 %	426,947 427 K
Amortisation of fixed assets	GB	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation/amortisation of current assets	GC	886,691 887 K	31.2 %	675,929 676 K	-27.2 %	929,025 929 K
Provisions for risks and charges	GD	176,310 176 K	1663.1 %	10,000 10 K	0%	0 0 K

Other charges

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Other charges	GE	50,464 50 K	-55.2 %	112,530 113 K	2468.6 %	4,381 4 K

Operating charges (III-IV)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Share of joint-venture transferred to other partner(s) (Total III)	GH	0 0 K	0%	0 0 K	0%	0 0 K
Share of joint venture transferred from other partner(s) (Total IV)	GI	0 0 K	0%	0 0 K	0%	0 0 K

Financial income (V)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total financial income (Total V)	GP	10,246,097 10,246 K	693.0 %	1,292,017 1,292 K	132.5 %	555,617 556 K
Share financial income	GJ	9,720,396 9,720 K	2178.9 %	426,538 427 K	112.5 %	200,723 201 K
Other investment income & capitalised receivables	GK	313,544 314 K	-11.9 %	355,885 356 K	126.5 %	157,143 157 K
Other interest and similar income	GL	35,548 36 K	-34.8 %	54,547 55 K	-48.1 %	105,093 105 K
Released provisions and transferred charges	GM	0 0 K	0%	41,201 41 K	0%	0 0 K
Exchange gains	GN	176,609 177 K	-57.3 %	413,846 414 K	346.6 %	92,658 93 K
Net income from disposal of investment securities	GO	0 0 K	0%	0 0 K	0%	0 0 K

Financial charge (VI)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total financial charge (Total VI)	GU	409,692 410 K	-17.8 %	498,570 499 K	1.6 %	490,710 491 K
Financial reserves and provisions	GQ	5,000 5 K	0%	0 0 K	0%	41,201 41 K
Interest and similar charges	GR	271,338 271 K	-22.0 %	347,968 348 K	28.2 %	271,418 271 K
Exchange losses	GS	133,354 133 K	-11.5 %	150,602 151 K	-15.4 %	178,091 178 K
Net loss from disposal of investment securities	GT	0 0 K	0%	0 0 K	0%	0 0 K

Extraordinary income (VII)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total extraordinary income (Total VII)	HD	125,591 126 K	-85.2 %	849,740 850 K	115.9 %	393,636 394 K
Extraordinary operating income	HA	15,890 16 K	-50.5 %	32,125 32 K	-74.6 %	126,248 126 K
Extraordinary income from capital transactions	HB	77,507 78 K	0%	0 0 K	0%	16,001 16 K
Released provisions and transferred charges	HC	32,194 32 K	-96.1 %	817,615 818 K	225.2 %	251,387 251 K

Extraordinary charges (VIII)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total extraordinary charges (Total VIII)	HH	424,266 424 K	-80.7 %	2,200,553 2,201 K	83.9 %	1,196,345 1,196 K
Extraordinary operating charges	HE	142,602 143 K	-91.5 %	1,673,056 1,673 K	358.7 %	364,777 365 K
Extraordinary charges from capital transactions	HF	77,664 78 K	228.6 %	23,636 24 K	-68.5 %	74,953 75 K
Extraordinary reserves and provisions	HG	204,000 204 K	-59.5 %	503,861 504 K	-33.4 %	756,615 757 K

Employee profit sharing (IX)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Employee profit sharing (Total IX)	HJ	1,008,267 1,008 K	62.5 %	620,630 621 K	20.2 %	516,289 516 K

Tax on profits (X)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Tax on profits (Total X)	HK	8,732,689 8,733 K	101.8 %	4,328,273 4,328 K	59.2 %	2,719,560 2,720 K

References

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Of which equipment leases	HP	0 0 K	0%	0 0 K	0%	7,000 7 K
Of which property leases	HQ	0 0 K	0%	0 0 K	0%	0 0 K
Of which transferred charges	A1	0 0 K	0%	0 0 K	0%	-72,844 -73 K
Of which trader's own contributions	A2	0 0 K	0%	0 0 K	0%	0 0 K
Of which royalties on licences and patents (income)	A3	0 0 K	0%	0 0 K	0%	117,337 117 K
Of which royalties on licences and patents (charges)	A4	0 0 K	0%	0 0 K	0%	4,118 4 K

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Gross value at begin of period	OG	0 0 K	0%	0 0 K	0%	0 0 K
Increasess due to revaluation	OH	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess, acquisitions, creations, contributions	OJ	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	OK1	0 0 K	0%	0 0 K	0%	87,417 87 K
Decreasess by transfers	OK2	290,716 291 K	-91.4 %	3,390,988 3,391 K	91.2 %	1,773,278 1,773 K
Gross value at the end of period	OL	3,186,245 3,186 K	-2.7 %	3,276,129 3,276 K	-48.2 %	6,328,770 6,329 K

Research and development Charge (Total I)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Gross value at begin of period	CZ	0 0 K	0%	0 0 K	0%	0 0 K
Increasess due to revaluation	KB	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	KC	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	CO1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	CO2	0 0 K	0%	0 0 K	0%	0 0 K
Gross value at the end of period	DO	0 0 K	0%	0 0 K	0%	0 0 K

Other budget item from Intangible fixed assets (Total II)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Gross value at begin of period	KD	282,728 283 K	82.1 %	155,279 155 K	403.6 %	30,831 31 K
Increasess due to revaluation	KE	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	KF	34,999 35 K	-72.5 %	127,449 127 K	2.4 %	124,448 124 K
Decreasess by budget item transfer	LV1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	LV2	0 0 K	0%	0 0 K	0%	0 0 K
Gross value at the end of period	LW	317,727 318 K	12.4 %	282,728 283 K	82.1 %	155,279 155 K

Tangible fixed assets (Total III)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Gross value at begin of period	LN	2,272,135 2,272 K	9.7 %	2,071,805 2,072 K	61.0 %	1,286,941 1,287 K
Increasess due to revaluation	LO	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	LP	148,539 149 K	-29.3 %	209,980 210 K	-77.5 %	933,789 934 K
Decreasess by budget item transfer	NG1	0 0 K	0%	0 0 K	0%	87,417 87 K
Decreasess by transfers	NG2	94,259 94 K	876.7 %	9,651 10 K	-84.3 %	61,506 62 K
Gross value at the end of period	NH	2,326,415 2,326 K	2.4 %	2,272,134 2,272 K	9.7 %	2,071,807 2,072 K

Financial assets (Total IV)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Gross value at begin of period	LQ	721,266 721 K	-82.4 %	4,101,685 4,102 K	-18.4 %	5,024,881 5,025 K
Increasess due to revaluation	LR	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	LS	17,294 17 K	1783.9 %	918 1 K	-99.9 %	788,576 789 K
Decreasess by budget item transfer	NJ1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	NJ2	196,457 196 K	-94.2 %	3,381,337 3,381 K	97.5 %	1,711,772 1,712 K
Gross value at the end of period	NK	542,103 542 K	-24.8 %	721,266 721 K	-82.4 %	4,101,685 4,102 K

Reserve for depreciation

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

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Reserve for depreciation value at begin of period	ON	0 0 K	0%	0 0 K	0%	0 0 K
Increases	OP	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess	OQ	0 0 K	0%	0 0 K	0%	0 0 K
Reserve for depreciation value at the end of period	OR	0 0 K	0%	0 0 K	0%	0 0 K

Research and development charge (Total I)

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

Other intangible assets (Total II)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Reserve for depreciation value at begin of period	PE	222,562 223 K	150.6 %	88,823 89 K	263.3 %	24,448 24 K
Increases	PF	45,217 45 K	-66.2 %	133,740 134 K	107.8 %	64,374 64 K
Decreasess	PG	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	PH	267,779 268 K	20.3 %	222,563 223 K	150.6 %	88,822 89 K

Total fixed assets amotisation (Total III)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Reserve for depreciation value at begin of period	QU	989,986 990 K	73.3 %	571,320 571 K	170.4 %	211,301 211 K
Increases	QV	454,144 454 K	5.9 %	428,684 429 K	18.2 %	362,572 363 K
Decreases	QW	16,596 17 K	65.6 %	10,022 10 K	292.6 %	2,553 3 K
Decreasess by budget item transfer	QX	1,427,534 1,428 K	44.2 %	989,982 990 K	73.3 %	571,320 571 K

Movements during period affecting charge allocated over several period

Deferred charges and debt issuance costs

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Gross value at begin of period	Z91	0 0 K	0%	0 0 K	0%	0 0 K
Increases	Z92	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation of fixed assets during period	Z9	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	B1	0 0 K	0%	0 0 K	0%	0 0 K

Premium refund of obligations

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

Provisions included in balance sheet

Grand Total (I-II-III)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Value at begining of period	7C	1,285,521 1,286 K	-30.8 %	1,857,269 1,857 K	36.2 %	1,363,237 1,363 K
Increases	UB	1,272,001 1,272 K	6.9 %	1,189,790 1,190 K	-31.1 %	1,726,840 1,727 K
Decreases	UC	688,319 688 K	-60.9 %	1,761,538 1,762 K	42.9 %	1,232,808 1,233 K
Value at the end of period	UD	1,869,203 1,869 K	45.4 %	1,285,521 1,286 K	-30.8 %	1,857,269 1,857 K

Includes Total allocations

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Operating	UE	0 0 K	0%	0 0 K	0%	929,025 929 K
Financial	UG	385,310 385 K	0%	0 0 K	0%	41,201 41 K
Exceptional	UJ	886,691 887 K	0%	0 0 K	0%	756,615 757 K

Includes Total Withdrawal

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Operating	UF	0 0 K	0%	0 0 K	0%	981,421 981 K
Financial	UH	42,194 42 K	0%	0 0 K	0%	0 0 K
Exceptional	UK	646,125 646 K	0%	0 0 K	0%	251,387 251 K

Total regulated provisions (Total I)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Value at begining of period	3Z	0 0 K	0%	0 0 K	0%	0 0 K
Increases	TS	0 0 K	0%	0 0 K	0%	0 0 K
Decreases	TT	0 0 K	0%	0 0 K	0%	0 0 K
Value at the end of period	TU	0 0 K	0%	0 0 K	0%	0 0 K

Total risk and charge provisions (Total II)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Value at begining of period	5Z	452,861 453 K	-41.5 %	774,179 774 K	208.0 %	251,387 251 K
Increases	TV	385,310 385 K	-25.0 %	513,861 514 K	-33.6 %	774,179 774 K
Decreases	TW	42,194 42 K	-94.9 %	835,179 835 K	232.2 %	251,387 251 K
Value at the end of period	TX	795,977 796 K	75.8 %	452,861 453 K	-41.5 %	774,179 774 K

Total Provision for depreciation (Total III)

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Value at begining of period	7B	832,660 833 K	-23.1 %	1,083,090 1,083 K	-2.6 %	1,111,851 1,112 K
Increases	TY	886,691 887 K	31.2 %	675,929 676 K	-29.0 %	952,661 953 K
Decreases	TZ	646,125 646 K	-30.3 %	926,359 926 K	-5.6 %	981,422 981 K
Value at the end of period	UA	1,073,226 1,073 K	28.9 %	832,660 833 K	-23.1 %	1,083,090 1,083 K

State deadlines claims and debts at the end of period

State claims

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Gross value	VT	34,947,449 34,947 K	-1.6 %	35,502,173 35,502 K	2.6 %	34,591,914 34,592 K
1 year at most	VU	34,635,174 34,635 K	-1.1 %	35,010,736 35,011 K	2.7 %	34,099,794 34,100 K
More than one year	VV	312,275 312 K	-36.5 %	491,437 491 K	-0.1 %	492,120 492 K

State of loans

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Claims related to holdings (gross)	UL	0 0 K	0%	0 0 K	0%	3,356,101 3,356 K
Claims related to shareholdings (1 year at most)	UM	0 0 K	0%	0 0 K	0%	3,356,101 3,356 K
Loans (gross)	UP	0 0 K	0%	0 0 K	0%	0 0 K
Loans (1 year at most)	UR	0 0 K	0%	0 0 K	0%	0 0 K
Other financial assets (gross)	UT	312,275 312 K	-36.5 %	491,439 491 K	-0.1 %	492,120 492 K
Other financial assets (1 year at most)	UV	0 0 K	0%	2 0 K	0%	0 0 K

Receivables statement of assets

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Customers doubtful or disputed	VA	216,470 216 K	0%	216,470 216 K	25.9 %	171,914 172 K
Other claims customer	UX	14,868,666 14,869 K	-13.8 %	17,242,996 17,243 K	-14.4 %	20,150,393 20,150 K
Receivables represent Loaned Securities	UU	0 0 K	0%	0 0 K	0%	0 0 K
Provision for depreciation previously established	UQ	0 0 K	0%	0 0 K	0%	0 0 K
Personnel and associated accounts	UY	3,610 4 K	501.7 %	600 1 K	-92.4 %	7,902 8 K
Social Security and other social organizations	UZ	5,733 6 K	0%	0 0 K	0%	0 0 K
Income taxes	VM	0 0 K	0%	0 0 K	0%	3,532,323 3,532 K
Value added tax	VB	592,725 593 K	45.8 %	406,406 406 K	7.1 %	379,555 380 K
Other taxes and payments assimilated	VN	0 0 K	0%	0 0 K	0%	0 0 K
State and other public - Miscellaneous	VP	0 0 K	0%	23,313 23 K	0%	0 0 K
Group and Associates	VC	17,575,689 17,576 K	10.5 %	15,910,292 15,910 K	205.2 %	5,213,647 5,214 K
Accounts receivable (including claims relating to the operation of pension titles)	VR	38,801 39 K	-27.2 %	53,303 53 K	-39.9 %	88,630 89 K

Prepaid

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Prepaid	VS	1,333,480 1,333 K	15.2 %	1,157,355 1,157 K	-3.5 %	1,199,330 1,199 K

State Debt

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Total debt (gross)	VY	28,045,341 28,045 K	36.7 %	20,519,800 20,520 K	-23.5 %	26,816,988 26,817 K
1 year at most	VZ2	28,000,341 28,000 K	58.8 %	17,632,533 17,633 K	-23.1 %	22,931,193 22,931 K
More than 1 year and 5 years at most	VZ3	0 0 K	0%	2,887,267 2,887 K	-25.7 %	3,885,795 3,886 K
More than 5 years	VZ4	45,000 45 K	0%	0 0 K	0%	0 0 K

Details

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Convertible bonds (gross)	7Y1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	7Y2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	7Y3	0 0 K	0%	0 0 K	0%	0 0 K
Other bonds (gross)	7Z1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	7Z2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	7Z3	0 0 K	0%	0 0 K	0%	0 0 K
Borrowing & debts to 1 year maximum at the origin (gross)	VG1	14,423 14 K	-47.9 %	27,702 28 K	-99.4 %	4,627,120 4,627 K
1 year at most	VG2	14,423 14 K	-47.9 %	27,702 28 K	-99.4 %	4,627,120 4,627 K
More than 1 year and 5 years at most	VG3	0 0 K	0%	0 0 K	0%	0 0 K
Borrowing & debts to more than 1 year at the origin (gross)	VH1	0 0 K	0%	3,757,208 3,757 K	-13.3 %	4,335,677 4,336 K
1 year at most	VH2	0 0 K	0%	869,941 870 K	93.4 %	449,882 450 K
More than 1 year and 5 years at most	VH3	0 0 K	0%	2,887,267 2,887 K	-25.7 %	3,885,795 3,886 K
Loans and various financial liabilities (gross)	8A1	45,000 45 K	-23.9 %	59,105 59 K	278.4 %	15,620 16 K
1 year at most	8A2	0 0 K	0%	59,105 59 K	278.4 %	15,620 16 K
More than 1 year and 5 years at most	8A3	0 0 K	0%	0 0 K	0%	0 0 K
Suppliers and associated accounts (gross)	8B1	13,712,162 13,712 K	42.0 %	9,653,827 9,654 K	-11.2 %	10,869,016 10,869 K
1 year at most	8B2	13,712,162 13,712 K	42.0 %	9,653,827 9,654 K	-11.2 %	10,869,016 10,869 K
More than 1 year and 5 years at most	8B3	13,712,162 13,712 K	42.0 %	9,653,827 9,654 K	-11.2 %	10,869,016 10,869 K
Personnel and associated accounts (gross)	8C1	1,423,750 1,424 K	39.6 %	1,019,984 1,020 K	-9.4 %	1,125,955 1,126 K
1 year at most	8C2	1,423,750 1,424 K	39.6 %	1,019,984 1,020 K	-9.4 %	1,125,955 1,126 K
More than 1 year and 5 years at most	8C3	0 0 K	0%	0 0 K	0%	0 0 K
Social Security and other social organizations (gross)	8D1	957,725 958 K	38.4 %	692,145 692 K	20.3 %	575,270 575 K
1 year at most	8D2	957,725 958 K	38.4 %	692,145 692 K	20.3 %	575,270 575 K
More than 1 year and 5 years at most	8D3	0 0 K	0%	0 0 K	0%	0 0 K
Taxes on profits (gross)	8E1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	8E2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	8E3	0 0 K	0%	0 0 K	0%	0 0 K
VAT (Gross)	VW1	794,987 795 K	10.2 %	721,231 721 K	50.2 %	480,135 480 K
1 year at most	VW2	794,987 795 K	10.2 %	721,231 721 K	50.2 %	480,135 480 K
More than 1 year and 5 years at most	VW3	0 0 K	0%	0 0 K	0%	0 0 K
Backed Obligations (gross)	VX1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VX2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VX3	0 0 K	0%	0 0 K	0%	0 0 K
Other taxes and assimilated (gross)	VQ1	282,908 283 K	-20.5 %	355,968 356 K	65.2 %	215,438 215 K
1 year at most	VQ2	282,908 283 K	-20.5 %	355,968 356 K	65.2 %	215,438 215 K
More than 1 year and 5 years at most	VQ3	0 0 K	0%	0 0 K	0%	0 0 K
Assets and liabilities associated accounts (gross)	8J1	43,301 43 K	49.7 %	28,926 29 K	-63.1 %	78,449 78 K
1 year at most	8J2	43,301 43 K	49.7 %	28,926 29 K	-63.1 %	78,449 78 K
More than 1 year and 5 years at most	8J3	0 0 K	0%	0 0 K	0%	0 0 K
More than 5 years	8J4	0 0 K	0%	0 0 K	0%	0 0 K
Groups and associates (gross)	VI1	8,696,446 8,696 K	440.6 %	1,608,713 1,609 K	-40.9 %	2,722,323 2,722 K
1 year at most	VI2	8,696,446 8,696 K	440.6 %	1,608,713 1,609 K	-40.9 %	2,722,323 2,722 K
More than 1 year and 5 years at most	VI3	0 0 K	0%	0 0 K	0%	0 0 K
More than 5 years	V14	0 0 K	0%	0 0 K	0%	0 0 K
Other liabilities (gross)	8K1	454,026 454 K	30.3 %	348,342 348 K	1131.6 %	28,283 28 K
1 year at most	8K2	454,026 454 K	30.3 %	348,342 348 K	1131.6 %	28,283 28 K
More than 1 year and 5 years at most	8K3	0 0 K	0%	0 0 K	0%	0 0 K
Debt representative of borrowed securities (gross)	SZ1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	SZ2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	SZ3	0 0 K	0%	0 0 K	0%	0 0 K
Products in advance (gross)	8L1	1,620,613 1,621 K	-27.9 %	2,246,648 2,247 K	28.8 %	1,743,702 1,744 K
1 year at most	8L2	1,620,613 1,621 K	-27.9 %	2,246,648 2,247 K	28.8 %	1,743,702 1,744 K
More than 1 year and 5 years at most	8L3	0 0 K	0%	0 0 K	0%	0 0 K

References

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Loans made during the period	VJ	0 0 K	0%	0 0 K	0%	600,000 600 K
Debt repaid during the period	VK	3,771,313 3,771 K	0%	0 0 K	0%	276,519 277 K

Table allocation results and other information

Dividends distributed

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Dividends	ZE	0 0 K	0%	0 0 K	0%	2,250,000 2,250 K

Commitments

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

Other charges Externes

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Subcontracting	YT	0 0 K	0%	0 0 K	0%	9,643,904 9,644 K
Rentals, rental charges and condominiums	XQ	0 0 K	0%	0 0 K	0%	732,985 733 K
Staff outside the company	YU	0 0 K	0%	0 0 K	0%	279,751 280 K
Remuneration intermediaries and fees (excluding fees)	SS	0 0 K	0%	0 0 K	0%	1,825,429 1,825 K
Fees, commissions and brokerage	YV	0 0 K	0%	0 0 K	0%	0 0 K
Other accounts	ST	0 0 K	0%	0 0 K	0%	6,572,803 6,573 K
Total Other purchases and external	ZJ	0 0 K	0%	0 0 K	0%	19,054,872 19,055 K

Taxes and Fees

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Business tax	YW	0 0 K	0%	0 0 K	0%	294,779 295 K
Other taxes and payments assimilated	9Z	0 0 K	0%	0 0 K	0%	316,660 317 K
Total taxes and fees	YX	0 0 K	0%	0 0 K	0%	611,439 611 K

VAT

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Amount VAT collected	YY	0 0 K	0%	0 0 K	0%	7,689,577 7,690 K
Total VAT on goods and services	YZ	0 0 K	0%	0 0 K	0%	6,617,926 6,618 K

Average number of employees

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Average number of employees	YP	69 0 K	-14.8 %	81 0 K	-4.7 %	85 0 K

Groups and Shareholders

		31/12/2013	Variation	31/12/2012	Variation	31/12/2011
Groups and Shareholders	ZR	0 0 K	-	- -	-	- -

Ratios

Structure and Liquidity

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Fixed Asset Financing	8.06	-21.4 %	10.26	115.1 %	4.77	14.43	-44.1 %	1.94	315.5 %
Global Debt	113 days	6.6 %	106 days	-39.1 %	174 days	485.20 days	-76.7 %	140 days	-19.3 %
Working Capital Fund overall net	91 days	-42.0 %	157 days	1.3 %	155 days	330.57 days	-72.5 %	47 days	93.6 %
Financial independence	38,940.64 %	5226.4 %	731.09 %	294.9 %	185.12 %	64,497.24 %	-39.6 %	118.19 %	32847.5 %
Solvability	44.20 %	-22.8 %	57.22 %	30.1 %	43.98 %	-2,422.20 %	101.8 %	27.16 %	62.7 %
Capacity debt futures	160,436.10 %	5024.5 %	3,130.76 %	633.8 %	426.63 %	1,086,057.72 %	-85.2 %	1,337.90 %	11891.6 %
Coverage of current assets by net working capital overall	44.48 %	-31.5 %	64.93 %	18.2 %	54.92 %	-1,135.22 %	103.9 %	31.60 %	40.8 %
General Liquidity	1.24	-37.7 %	1.99	33.6 %	1.49	3,531.96	-100.0 %	0.40	210.0 %
Restricted Liquidity	1.29	-35.8 %	2.01	34.9 %	1.49	3,595.39	-100.0 %	0.72	79.2 %

Management or rotation

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Need background in operating working capital	87 days	-45.6 %	160 days	-14.9 %	188 days	106.49 days	-18.3 %	10 days	770.0 %
Treasury	6 days	100.0 %	3 days	110.0 %	-30 days	80.83 days	-92.6 %	8 days	-20.0 %
Inventory turnover of goods	0 days	0%	0 days	0%	0 days	372.71 days	0%	92 days	0%
Average length of credit granted to customers	61 days	-32.2 %	90 days	-22.4 %	116 days	85.11 days	-28.3 %	32 days	90.6 %
Average length of credit obtained suppliers	80 days	17.6 %	68 days	-10.5 %	76 days	178.22 days	-55.1 %	62 days	29.0 %
Inventory turnover of raw materials in industrial enterprises	59 days	22.9 %	48 days	-32.4 %	71 days	168.64 days	-65.0 %	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	3,841 days	25.2 %	3,068 days	14.6 %	2,677 days	5,331.32 days	-28.0 %	1,501 days	155.9 %
Rotation tangible assets	3,841.46 %	25.2 %	3,067.53 %	14.6 %	2,676.56 %	-63,072.50 %	106.1 %	1,948.48 %	97.2 %

Profitability of the business

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Margin trading	29.30 %	-7.8 %	31.78 %	-31.0 %	46.04 %	28.82 %	1.7 %	32.42 %	-9.6 %
Profitability of the business	25.86 %	48.6 %	17.40 %	5.3 %	16.52 %	-11.83 %	318.6 %	2.54 %	918.1 %
Net profit	25.77 %	100.9 %	12.83 %	46.6 %	8.75 %	-5.70 %	552.1 %	1.59 %	1520.8 %
Growth rate of turnover (excluding VAT)	28.22 %	9.8 %	25.69 %	82.2 %	14.10 %	168.19 %	-83.2 %	0.00 %	0%
Rates integration	33.24 %	24.6 %	26.68 %	-2.5 %	27.36 %	9.94 %	234.4 %	17.89 %	85.8 %
Rate leasing furniture	0.00 %	0%	0.00 %	0%	0.01 %	0.06 %	0%	0.00 %	0%
Work Factor	19.52 %	-35.7 %	30.37 %	-14.6 %	35.58 %	57.24 %	-65.9 %	70.09 %	-72.2 %
Weight interests	0.46 %	-36.1 %	0.72 %	-18.2 %	0.88 %	1.02 %	-54.9 %	0.16 %	187.5 %

Return on capital

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Cash flow from the overall profitability	25.79 %	79.2 %	14.39 %	62.8 %	8.84 %	-7.06 %	465.3 %	2.15 %	1099.5 %
Rates of economic profitability	100.00 %	163.2 %	38.00 %	40.7 %	27.00 %	29.03 %	244.5 %	12.00 %	733.3 %
Financial profitability	23,139,699.00 %	-17.7 %	28,103,051.00 %	29.7 %	21,659,834.00 %	1,016,824.63 %	2175.7 %	34,093.50 %	67771.3 %
Return on investment	101.04 %	241.9 %	29.55 %	84.5 %	16.02 %	41.05 %	146.1 %	9.57 %	955.8 %

Management intermediate balances

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Turnover	89,368,281 89,368 K	28.2 %	69,698,411 69,698 K	25.7 %	55,453,224 55,453 K	4,619,960.53 4,619.96 K	1834.4 %	440,498 440 K	20188.0 %
	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Sales of goods	53,186,042 53,186 K	36.4 %	39,001,932 39,002 K	-7.3 %	42,061,218 42,061 K		-		-
- Purchase of goods	27,004,513 27,005 K	60.2 %	16,852,301 16,852 K	10.2 %	15,290,521 15,291 K		-		-
+/- Stock of goods variation	0 0 K	0%	0 0 K	0%	1,241,665 1,242 K		-		-
Trading margin	26,181,529 € 26,182 K €	18.2 %	22,149,631 € 22,150 K €	-13.2 %	25,529,032 € 25,529 K €	1,123,548.95 € 1,123.55 K €	2230.3 %	125,072 € 125 K €	20833.2 %
	29.30 % CA 29.30 % CA	-7.8 %	31.78 % CA 31.78 % CA	-31.0 %	46.04 % CA 46.04 % CA	30.15 % CA 30.15 % CA	-2.8 %	33.77 % CA 33.77 % CA	-13.2 %

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Sale of goods produced	36,182,238 36,182 K	17.9 %	30,696,479 30,696 K	129.2 %	13,392,006 13,392 K		-		-
+/- Stocked production	1,763,059 1,763 K	1140.5 %	-169,443 -169 K	-103.5 %	4,779,914 4,780 K		-		-
+ Self-constructed assets	0 0 K	0%	0 0 K	0%	0 0 K		-		-
Period production	37,945,297 € 37,945 K €	24.3 %	30,527,036 € 30,527 K €	68.0 %	18,171,920 € 18,172 K €	1,225,902.83 € 1,225.90 K €	2995.3 %	2,314 € 2 K €	1640068.4 %
	42.46 % CA 42.46 % CA	-3.1 %	43.80 % CA 43.80 % CA	33.7 %	32.77 % CA 32.77 % CA	26.22 % CA 26.22 % CA	61.9 %	1.04 % CA 1.04 % CA	3982.7 %
	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Trading margin	26,181,529 26,182 K	18.2 %	22,149,631 22,150 K	-13.2 %	25,529,032 25,529 K	1,123,548.95 1,123.55 K	2230.3 %	125,072 125 K	20833.2 %
+ Period Production	37,945,297 37,945 K	24.3 %	30,527,036 30,527 K	68.0 %	18,171,920 18,172 K	1,225,902.83 1,225.90 K	2995.3 %	2,314 2 K	1640068.4 %
- Purchase of raw materials	10,808,710 10,809 K	-3.6 %	11,210,497 11,210 K	-10.8 %	12,568,541 12,569 K		-		-
+/- Change in stocks of raw materiels	-1,579,568 -1,580 K	-222.7 %	1,287,342 1,287 K	141.6 %	-3,092,608 -3,093 K		-		-
- Other external purchases and charges	25,190,207 25,190 K	16.7 %	21,582,530 21,583 K	13.3 %	19,054,872 19,055 K		-		-
Added value	29,707,477 € 29,707 K €	59.7 %	18,596,298 € 18,596 K €	22.6 %	15,170,147 € 15,170 K €	728,942.92 € 728.94 K €	3975.4 %	87,840 € 88 K €	33720.2 %
	33.24 % CA 33.24 % CA	24.6 %	26.68 % CA 26.68 % CA	-2.5 %	27.36 % CA 27.36 % CA	9.94 % CA 9.94 % CA	234.4 %	17.89 % CA 17.89 % CA	85.8 %

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Added value	29,707,477 € 29,707 K €	59.7 %	18,596,298 € 18,596 K €	22.6 %	15,170,147 € 15,170 K €	728,942.92 € 728.94 K €	3975.4 %	87,840 € 88 K €	33720.2 %
+ Operating grants	0 0 K	0%	0 0 K	0%	0 0 K		-		-
- Tax, duty and similar payments	800,307 800 K	-2.3 %	819,148 819 K	34.0 %	611,439 611 K		-		-
- Personal charges	5,797,570 5,798 K	2.7 %	5,647,306 5,647 K	4.6 %	5,397,957 5,398 K		-		-
Gross operating surplus	23,109,600 € 23,110 K €	90.5 %	12,129,844 € 12,130 K €	32.4 %	9,160,751 € 9,161 K €	246,906.24 € 246.91 K €	9259.7 %	9,538 € 10 K €	242189.8 %
	25.86 % CA 25.86 % CA	48.6 %	17.40 % CA 17.40 % CA	5.3 %	16.52 % CA 16.52 % CA	-11.83 % CA -11.83 % CA	318.6 %	2.54 % CA 2.54 % CA	918.1 %
	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Gross operating surplus	23,109,600 € 23,110 K €	90.5 %	12,129,844 € 12,130 K €	32.4 %	9,160,751 € 9,161 K €	246,906.24 € 246.91 K €	9259.7 %	9,538 € 10 K €	242189.8 %
+ Release of reserves and provisions	1,245,778 1,246 K	2.2 %	1,219,237 1,219 K	34.2 %	908,577 909 K		-		-
+ Other operating income	490,321 490 K	-80.1 %	2,460,926 2,461 K	1989.3 %	117,786 118 K		-		-
- Depreciation/ Amortisation	1,562,362 1,562 K	25.2 %	1,247,985 1,248 K	-8.0 %	1,355,972 1,356 K		-		-
- Other charges	50,464 50 K	-55.2 %	112,530 113 K	2468.6 %	4,381 4 K		-		-
Operating result	23,232,873 € 23,233 K €	60.8 %	14,449,492 € 14,449 K €	63.7 %	8,826,761 € 8,827 K €	165,055.00 € 165.06 K €	13975.8 %	7,267 € 7 K €	319603.8 %
	26.00 % CA 26.00 % CA	25.4 %	20.73 % CA 20.73 % CA	30.2 %	15.92 % CA 15.92 % CA	-11.72 % CA -11.72 % CA	321.8 %	2.00 % CA 2.00 % CA	1200.0 %

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Operating result	23,232,873 € 23,233 K €	60.8 %	14,449,492 € 14,449 K €	63.7 %	8,826,761 € 8,827 K €	165,055.00 € 165.06 K €	13975.8 %	7,267 € 7 K €	319603.8 %
+/- Result of joint-venture transferred from/to other partners	0 0 K	0%	0 0 K	0%	0 0 K		-		-
+ Financial income	10,246,097 10,246 K	693.0 %	1,292,017 1,292 K	132.5 %	555,617 556 K		-		-
- Financial charges	409,692 410 K	-17.8 %	498,570 499 K	1.6 %	490,710 491 K		-		-
Pre-tax result	33,069,278 € 33,069 K €	116.9 %	15,242,939 € 15,243 K €	71.4 %	8,891,668 € 8,892 K €	175,697.42 € 175.70 K €	18721.7 %	5,957 € 6 K €	555079.7 %
	37.00 % CA 37.00 % CA	69.2 %	21.87 % CA 21.87 % CA	36.4 %	16.03 % CA 16.03 % CA	-10.55 % CA -10.55 % CA	450.7 %	1.65 % CA 1.65 % CA	2142.4 %
	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Extraordinary income	125,591 126 K	-85.2 %	849,740 850 K	115.9 %	393,636 394 K	44,154.88 44.15 K	184.4 %	0 0 K	0%
- Extraordinary charges	424,266 424 K	-80.7 %	2,200,553 2,201 K	83.9 %	1,196,345 1,196 K		-		-
Extraordinary result	-298,675 € -299 K €	77.9 %	-1,350,813 € -1,351 K €	-68.3 %	-802,709 € -803 K €	-13,160.58 € -13.16 K €	-2169.5 %	0 € 0 K €	0%
	-0.33 % CA -0.33 % CA	83.0 %	-1.94 % CA -1.94 % CA	-33.8 %	-1.45 % CA -1.45 % CA	6.25 % CA 6.25 % CA	-105.3 %	0.00 % CA 0.00 % CA	0%

	31/12/2013	Variation	31/12/2012	Variation	31/12/2011	Sector Average 2013		Sector Median 2013
Pre-tax result	33,069,278 € 33,069 K €	116.9 %	15,242,939 € 15,243 K €	71.4 %	8,891,668 € 8,892 K €	175,697.42 € 175.70 K €	18721.7 %	5,957 € 6 K €	555079.7 %
Extraordinary result	-298,675 € -299 K €	77.9 %	-1,350,813 € -1,351 K €	-68.3 %	-802,709 € -803 K €	-13,160.58 € -13.16 K €	-2169.5 %	0 € 0 K €	0%
- Employee profit sharing	1,008,267 1,008 K	62.5 %	620,630 621 K	20.2 %	516,289 516 K		-		-
- Tax on profits	8,732,689 8,733 K	101.8 %	4,328,273 4,328 K	59.2 %	2,719,560 2,720 K		-		-
Net result	23,029,647 € 23,030 K €	157.5 %	8,943,223 € 8,943 K €	84.3 %	4,853,110 € 4,853 K €	95,837.80 € 95.84 K €	23929.8 %	7,039 € 7 K €	327072.1 %
	25.77 % CA 25.77 % CA	100.9 %	12.83 % CA 12.83 % CA	46.6 %	8.75 % CA 8.75 % CA	-5.70 % CA -5.70 % CA	552.1 %	1.59 % CA 1.59 % CA	1520.8 %

Synthesized Accounts

	31/12/2009
Account period (month)	12
Account Type	Consolidated
Activity Code	4642Z

Active account

	31/12/2009
Capital not called	0 0 K
Total fixed assets	15,186,515 15,187 K
Intangible assets	8,971,527 8,972 K
Tangible assets	5,009,403 5,009 K
Financial assets	1,205,585 1,206 K
Net current assets	20,627,196 20,627 K
Stocks	8,088,273 8,088 K
Advanced payments	0 0 K
Receivables	10,284,598 10,285 K
Securities and cash	2,254,325 2,254 K
Accounts of regularization	0 0 K
Total Assets	35,813,711 35,814 K

Passive account

	31/12/2009
Shareholders' equity	12,783,485 12,783 K
Share capital	100,000 100 K
Other capital resources	0 0 K
Risk Provisions	629,893 630 K
Liabilities	22,118,860 22,119 K
Financial liabilities	9,210,867 9,211 K
Advanced payments received	22,962 23 K
Trade account payables	7,277,394 7,277 K
Tax and social liabilities	5,256,270 5,256 K
Other debts and fixed assets liabilities	351,367 351 K
Account regularization	0 0 K
Total liabilities	35,813,711 35,814 K

Results

	31/12/2009
Sales of Goods	47,164,869 47,165 K
Net turnover	47,571,304 47,571 K
of which net export turnover	357,769 358 K
Operating charges	42,254,733 42,255 K
Operating profit/loss	4,910,136 4,910 K
Financial income	379,187 379 K
Financial charges	577,433 577 K
Financial profit/loss	-198,246 -198 K
Pretax net operating income	4,711,890 4,712 K
Extraordinary income	1,040,673 1,041 K
Extraordinary charges	2,433,958 2,434 K
Extraordinary profit/loss	-1,393,285 -1,393 K

Consolidation

	31/12/2009
Net result before amortisation of goodwill	2,312,185 2,312 K
Goodwill amortisation allocation	-101,171 -101 K
Net result of equity affiliates companies	0 0 K
Net result of integrated companies	0 0 K
Group result (consolidated net result)	2,211,014 2,211 K
Share of minority interest (Result except group)	149,219 149 K
Net result - group share (part of parent company)	2,061,795 2,062 K

Accounts - Active

Normal Account

	31/12/2009
Account period (month)	12

Grand Total - Active Accounts (I to VI)

		31/12/2009
Grand Total (I to VI)	Net	35,813,711 35,814 K
Gross	CO	39,234,326 39,234 K
Amortisation	1A	3,420,615 3,421 K

Capital subscribed not called (I)

		31/12/2009
Capital suscribed not called (I)	AA3	0 0 K

Active fixed asset (II)

		31/12/2009
Total Active fixed asset (II)	Net	15,186,515 15,187 K
Gross	BJ	17,702,294 17,702 K
Amortisation	BK	2,515,779 2,516 K

Intangible fixed assets

		31/12/2009
Start-up cost	Net	0 0 K
Gross	AB	0 0 K
Amortisation	AC	0 0 K
R&D expenses	Net	0 0 K
Gross	CX	0 0 K
Amortisation	AE	0 0 K
Distributorships, patents	Net	21,019 21 K
Gross	AF	33,586 34 K
Amortisation	AG	12,567 13 K
Goodwill	Net	8,950,508 8,951 K
Gross	AH	8,950,508 8,951 K
Amortisation	AI	0 0 K
Other intangible fixed assets	Net	0 0 K
Gross	AJ	0 0 K
Amortisation	AK	0 0 K
Pre-payments and downpayments	Net	0 0 K
Gross	AL	0 0 K
Amortisation	AM	0 0 K
Sub Total Intangible asset	Net	8,971,527 8,972 K

Tangible fixed assets

		31/12/2009
Acquisition difference	Net	0 0 K
Gross	A11	101,171 101 K
Amortisation	A12	101,171 101 K
Goodwill	Net	0 0 K
Gross	A21	0 0 K
Amortisation	A22	0 0 K
Difference from the first consolidation	Net	0 0 K
Gross	A31	0 0 K
Amortisation	A32	0 0 K
Lands	Net	0 0 K
Gross	AN	0 0 K
Amortisation	AO	0 0 K
Buildings	Net	407,282 407 K
Gross	AP	633,340 633 K
Amortisation	AQ	226,058 226 K
Plant	Net	236,956 237 K
Gross	AR	261,280 261 K
Amortisation	AS	24,324 24 K
Other tangible fixed assets	Net	4,365,165 4,365 K
Gross	AT	6,516,824 6,517 K
Amortisation	AU	2,151,659 2,152 K
Fixed assets in construction	Net	0 0 K
Gross	AV	0 0 K
Amortisation	AW	0 0 K
Advances and payments on account	Net	0 0 K
Gross	AX	0 0 K
Amortisation	AY	0 0 K
Sub Total Tangible asset	Net	5,009,403 5,009 K

Financial assets

		31/12/2009
Associates at equity	Net	0 0 K
Gross	CS	0 0 K
Amortisation	CT	0 0 K
Other participations	Net	0 0 K
Gross	CU	0 0 K
Amortisation	CV	0 0 K
Inter-company receivables	Net	0 0 K
Gross	BB	0 0 K
Amortisation	BC	0 0 K
Other investment securities	Net	2,022 2 K
Gross	BD	2,022 2 K
Amortisation	BE	0 0 K
Loans	Net	0 0 K
Gross	BF	0 0 K
Amortisation	BG	0 0 K
Other financial assets	Net	1,203,563 1,204 K
Gross	BH	1,203,563 1,204 K
Amortisation	BI	0 0 K
Other financial assets	Net	0 0 K
Gross	A41	0 0 K
Amortisation	A42	0 0 K
Sub Total Financial assets	Net	1,205,585 1,206 K

Current Assets (III)

		31/12/2009
Total Assets	Net	20,627,196 20,627 K
Gross	CJ	21,532,032 21,532 K
Amortisation	CK	904,836 905 K

Stocks

		31/12/2009
Raw materials	Net	769,228 769 K
Gross	BL	861,237 861 K
Amortisation	BM	92,009 92 K
Work in progress (goods)	Net	0 0 K
Gross	BN	0 0 K
Amortisation	BO	0 0 K
Work in progress (services)	Net	0 0 K
Gross	BP	0 0 K
Amortisation	BQ	0 0 K
Semi-finished and finished products	Net	358,464 358 K
Gross	BR	860,955 861 K
Amortisation	BS	502,491 502 K
Goods for resale	Net	6,960,581 6,961 K
Gross	BT	7,129,071 7,129 K
Amortisation	BU	168,490 168 K
Sub Total Stocks	Net	8,088,273 8,088 K

Advance payments to suppliers

		31/12/2009
Advance payments to suppliers	Net	0 0 K
Gross	BV	0 0 K
Amortisation	BW	0 0 K

Debtors

		31/12/2009
Trade accounts receivable	Net	3,731,917 3,732 K
Gross	BX	3,873,763 3,874 K
Amortisation	BY	141,846 142 K
Other debtors	Net	5,813,843 5,814 K
Gross	BZ	5,813,843 5,814 K
Amortisation	CA	0 0 K
Capital subscribed and called up	Net	0 0 K
Gross	CB	0 0 K
Amortisation	CC	0 0 K
Sub Total debtors	Net	9,545,760 9,546 K

Divers

		31/12/2009
Investment securities	Net	0 0 K
Gross	CD	0 0 K
Amortisation	CE	0 0 K
Cash and cash equivalents	Net	2,254,325 2,254 K
Gross	CF	2,254,325 2,254 K
Amortisation	CG	0 0 K
Sub Total Divers	Net	0 0 K

Prepaid expenses

		31/12/2009
Prepaid expenses	Net	738,838 739 K
Gross	CH	738,838 739 K
Amortisation	CI	0 0 K

Equalization accounts (IV to VI)

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

References

		31/12/2009
Due within one year	CP	0 0 K
Due after one year	CR	0 0 K

Accounts - Passive

Grand Total - Passive Accounts (I to IV)

		31/12/2009
Grand Total (I to IV)	EE	35,813,711 35,814 K

Shareholder Equity (I)

		31/12/2009
Total shareholders' equity (Total I)	DL	12,783,485 12,783 K
Equity and shareholders' equity	DA	100,000 100 K
Issue and merger premiums	DB	0 0 K
Revaluation differentials	DC	0 0 K
Of which equity differential	EK	0 0 K
Legal reserve	DD	0 0 K
Statutory or contractual reserve	DE	0 0 K
Special regulated reserves	DF	0 0 K
Other reserves	DG	10,671,676 10,672 K
Profits or losses brought forward	DH	0 0 K
Conversion differences	P1	-49,986 -50 K
Net result - group part	P2	2,061,795 2,062 K
Investment grants	DJ	0 0 K
Special tax-allowable reserves	DK	0 0 K

Other capital resources (II)

		31/12/2009
Total other capital resources (Total II)	DO	0 0 K
Income from participating securities	DM	0 0 K
Conditional loans	DN	0 0 K
Others	P3	0 0 K

Provisions for risks and charges (III)

		31/12/2009
Total provisions for risks and charges (Total III)	DR	629,893 630 K
Conversion differences	P4	0 0 K
In reserves	P5	281,473 281 K
In results	P6	0 0 K
Total III	P7	281,473 281 K
Delayed tax	P8	0 0 K
Acquisition differences	P9	0 0 K
Risk provisions	DP	467,461 467 K
Reserves for charges	DQ	162,432 162 K

Liabilities (IV)

		31/12/2009
Total Liabilities (Total IV)	EC	22,118,860 22,119 K
Convertible debentures	DS	0 0 K
Other debentures	DT	0 0 K
Bank loans and liabilities	DU	9,186,884 9,187 K
Sundry loans and financial liabilities	DV	23,983 24 K
Of which participating loans	EI	0 0 K
Advance payments received for current orders	DW	22,962 23 K
Trade accounts payables	DX	7,277,394 7,277 K
Tax and social security liabilities	DY	5,256,270 5,256 K
Fixed asset liabilities	DZ	0 0 K
Other debts	EA	351,367 351 K

Translation loss (V)

		31/12/2009
Translation loss (Total V)	ED	0 0 K

Equalization accounts

		31/12/2009
Deferred income	EB	0 0 K

References

		31/12/2009
Of which tax-allowable reserve	EF	0 0 K
Deferred income and liabilities	EG	0 0 K
Of which current bank facilities	EH	0 0 K

Result account

1- Operating result (I-II)

		31/12/2009
Operating result (Total I-II)	GG	4,910,136 4,910 K

2 - Financial result (V - VI)

		31/12/2009
Financial result (Total V-VI)	GV	-198,246 -198 K

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

		31/12/2009
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	4,711,890 4,712 K

4 - Extraordinary result (VII-VIII)

		31/12/2009
Extraordinary result (Total VII-VIII)	HI	-1,393,285 -1,393 K

Consolidation

		31/12/2009
Delayed tax	R1	-367,763 -368 K
Net result before amortisation of acquisition differences	R2	2,312,185 2,312 K
Endowment to amortisation of acquisition differences	R3	-101,171 -101 K
Net result of companies set in equivalence	R4	0 0 K
Net result of integrated companies	R5	0 0 K
Group result (consolidated net result)	R6	2,211,014 2,211 K
Cross-reference : equipment leasing	R7	149,219 149 K
Cross-reference : property leasing	R8	2,061,795 2,062 K

Operating income (I)

		31/12/2009
Total operating income (Total I)	FR	47,164,869 47,165 K

Operating income (details)

		31/12/2009
Sale of goods for resale	FC	47,571,304 47,571 K
France	FA	47,213,535 47,214 K
Export	FB	357,769 358 K
Sale of goods produced	FF	0 0 K
France	FD	0 0 K
Export	FE	0 0 K
Sale of services	FI	0 0 K
France	FG	0 0 K
Export	FH	0 0 K
Net turnover	FL	47,571,304 47,571 K
France	FJ	47,213,535 47,214 K
Export	FK	357,769 358 K
Stocked production	FM	0 0 K
Self-constructed assets	FN	0 0 K
Operating grants	FO	0 0 K
Release of reserves and provisions	FP	0 0 K
Other income	FQ	-406,435 -406 K

Operating charges (II)

		31/12/2009
Total operating charges (Total II)	GF	42,254,733 42,255 K

Exploitation charges

		31/12/2009
Purchase of goods for resale	FS	14,402,260 14,402 K
Change in stocks of goods for resale	FT	-2,313,350 -2,313 K
Purchase of raw materials	FU	3,457,236 3,457 K
Change in stocks of raw materials	FV	-314,849 -315 K
Other external purchases and charges	FW	10,052,212 10,052 K
Tax, duty and similar payments	FX	994,111 994 K
Payroll	FY	9,793,113 9,793 K
Social security costs	FZ	3,447,366 3,447 K

Depreciation

		31/12/2009
Depreciation of fixed assets	GA	2,205,171 2,205 K
Amortisation of fixed assets	GB	0 0 K
Depreciation/amortisation of current assets	GC	0 0 K
Provisions for risks and charges	GD	0 0 K

Other charges

		31/12/2009
Other charges	GE	531,463 531 K

Operating charges (III-IV)

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

Financial income (V)

		31/12/2009
Total financial income (Total V)	GP	379,187 379 K
Share financial income	GJ	0 0 K
Other investment income & capitalised receivables	GK	9,707 10 K
Other interest and similar income	GL	34,162 34 K
Released provisions and transferred charges	GM	55,509 56 K
Exchange gains	GN	153,907 154 K
Net income from disposal of investment securities	GO	125,902 126 K

Financial charge (VI)

		31/12/2009
Total financial charge (Total VI)	GU	577,433 577 K
Financial reserves and provisions	GQ	0 0 K
Interest and similar charges	GR	360,256 360 K
Exchange losses	GS	160,731 161 K
Net loss from disposal of investment securities	GT	56,446 56 K

Extraordinary income (VII)

		31/12/2009
Total extraordinary income (Total VII)	HD	1,040,673 1,041 K
Extraordinary operating income	HA	350,410 350 K
Extraordinary income from capital transactions	HB	690,263 690 K
Released provisions and transferred charges	HC	0 0 K

Extraordinary charges (VIII)

		31/12/2009
Total extraordinary charges (Total VIII)	HH	2,433,958 2,434 K
Extraordinary operating charges	HE	994,167 994 K
Extraordinary charges from capital transactions	HF	809,451 809 K
Extraordinary reserves and provisions	HG	630,340 630 K

Employee profit sharing (IX)

		31/12/2009
Employee profit sharing (Total IX)	HJ	0 0 K

Tax on profits (X)

		31/12/2009
Tax on profits (Total X)	HK	1,374,183 1,374 K

References

		31/12/2009
Of which equipment leases	HP	0 0 K
Of which property leases	HQ	0 0 K

Ratios

Structure and Liquidity

	31/12/2009
Fixed Asset Financing	1.42
Global Debt	167.39 days
Working Capital Fund overall net	56.29 days
Financial independence	139.15 %
Solvability	35.69 %

Management or rotation

	31/12/2009
Need background in operating working capital	35.76 days
Treasury	17.06 days
Inventory turnover of goods	212.30 days
Inventory turnover of raw materials in industrial enterprises	81.27 days
Inventory turnover of intermediate and finished products in the industrial enterprise	0.00 days

Profitability of the business

	31/12/2009
Margin trading	47,571,278.59 %
Profitability of the business	16.93 %
Rates integration	46.85 %
Rate leasing furniture	0.00 %
Weight interests	1.21 %

Return on capital

	31/12/2009
Rates of economic profitability	36.61 %

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.59
UK Pound	1	Rs.92.46
Euro	1	Rs.67.51

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	ASH

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.