MIRA INFORM REPORT

Report No. :	503711
Report Date :	16.04.2018

IDENTIFICATION DETAILS

Name :	POUR LE MEILLEUR

Registered Office :	Pour Le Meilleur, 22 Rue Pertinax, 06000 Nice

Country :	France

Financials (as on) :	31.12.2016

Date of Incorporation :	June 2010

Legal Form :	Limited Liability Company

Line of Business :	Other commercial intermediaries in miscellaneous products

No. of Employees :	2

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Maximum Credit Limit :	Euro 10,000

Status :	Moderate

Payment Behaviour :	Slow but Correct

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

France

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

FRANCE - ECONOMIC OVERVIEW

Source : CIA

Company Name And Address

SIRET	522 975 457 00022	Click to view full map.
Name	POUR LE MEILLEUR
Acronym	-
Trade name	-
Status	Economically active
Postal Address	POUR LE MEILLEUR 22 RUE PERTINAX 06000 NICE FRANCE
Share Capital	1,000 Euros
Telephone	04 83 50 96 55
Activity (APE)	Other commercial intermediaries in miscellaneous products(4619B)	RCS Registration	RCS Nice B 522 975 457
Formation Date	06/2010	EUR VAT Number	FR77522975457
Deregistration Date	-	Last account Date	31/12/2016
Court Registry Number	20 1 0B01289	Incorporiation Date	06/2010
Registration Court	Nice (06)	Fax	-
Nationality	France	Legal form	Limited Liability Company
		Currency	Euros

Key Financials

Year to date	Turnover	Gross operating surplus	Shareholder's equity	Net result	Employees
31/12/2016	484,374 €	5.76% Turnover	103,115 €	4,723 €	2 employees
31/12/2015	422,721 €	4.21% Turnover	98,392 €	7,622 €	2 employees
31/12/2014	449,361 €	9.82% Turnover	90,770 €	21,462 €	2 employees

View details

Directors

Current Directors

View Details

Judgment and Preferential

Judgment	No judgement		View details
Preferential Right	This company is not under monitoring		View details

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	4619B	Activity	Other commercial intermediaries in miscellaneous products
Formation Date	06/2010	Reason for Formation	Formation
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	-	Activity Location	N/R
Trading Address	22 RUE PERTINAX 06000 NICE	Department	Alpes-Maritimes (06)
Location Surface	-	District	2
City	NICE	Status	Economically active
Business Pages FT®	COURTIERS DE MARCHANDISES	Region	Côte d'Azur
		Area	99
		Size of Urban Area	Urban unit with 200 000 to 1 999 999 inhabitants

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	3 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
POUR LE MEILLEUR	Head Office	4619B	Other commercial intermediaries in miscellaneous products	NICE	06000
POUR LE MEILLEUR	Branch	4619B	Other commercial intermediaries in miscellaneous products	NICE	06000
POUR LE MEILLEUR	Branch	4619B	Other commercial intermediaries in miscellaneous products	NICE	06300

Workforces

Workforce at address	1 or 2 employees	Company workforce	6 to 9 employees
		Workforce account	1 or 2 employees
		31/12/2016

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 decrease in pre-tax profit over the last two accounting periods is 39 %
	The decrease in the pre-tax profit margin over the last two accounting periods is 47 %
	The stocks value is 140,246 €
	The decrease in the return on capital employed over the last two accounting periods is 42 %
	The trade payables value is 53,810 €
	The tangible fixed assets are 20,311 €
	The receivables value is 28,315 €
	The ratio total assets to total liabilities is 2.11
	The sales to current assets ratio is 2.76
	The financial liabilities are 10,604 €
	The net current assets are 175,688 €
	The pre-tax profit is 5,389 €
	The company is 7 years old
	The decrease in the gearing percentage over the last two accounting periods is 52 %
	The net turnover is 484,374 €

Industry comparison

Activity (APE)

Other commercial intermediaries in miscellaneous products(4619B)

Collective procedures

No judgment information for the company

Status of collection

This company is not under monitoring

Preferential rights details and history

Status of collection

This company is not under monitoring

Group Data

No group information available for the company

Shareholders

No Shareholders available for this company

Linkages


No Linkages information available for the company.

Director(s)

Name	M. HADIRI FARID
Manager position	Manager	Date of birth	07/09/1980
Place of birth	NICE
Type	Individual	Name at birth
				View Details
Name	Mme. HADIRI SONIA
Manager position	Manager	Date of birth	13/10/1981
Place of birth	NICE
Type	Individual	Name at birth	EL ATI
				View Details

Previous Directors

No data about previous directors is available for this company

Status history

No Status History

Recent publications in Gazettes

	Publication date	Gazette Name	Description
Hide	20/09/2017	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 737 - 522975457 RCS. POUR LE MEILLEUR. Forme : Société à responsabilité limitée. Adresse : 22 rue Pertinax 6000 Nice. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2016.
Hide	29/07/2016	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 656 - 522975457 RCS. POUR LE MEILLEUR. Forme : Société à responsabilité limitée. Adresse : 22 rue Pertinax 6000 Nice. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2015.
Hide	02/07/2015	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 662 - 522975457 RCS. POUR LE MEILLEUR. Forme : Société à responsabilité limitée. Adresse : 22 rue Pertinax 6000 Nice. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2014.
Hide	31/07/2014	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 747 - 522975457 RCS. POUR LE MEILLEUR. Forme : Société à responsabilité limitée. Adresse : 22 rue Pertinax 6000 Nice. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
Hide	09/11/2013	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 600 - 522975457 RCS. POUR LE MEILLEUR. Forme : Société à responsabilité limitée. Adresse : 22 rue Pertinax 6000 Nice. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
Hide	07/09/2012	Bodacc C	Comptes annuels et rapports
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 999 - 522975457 RCS. POUR LE MEILLEUR. Forme : Société à responsabilité limitée. Adresse : 22 rue Pertinax 6000 Nice. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
Hide	17/10/2010	Bodacc B	Modification et mutation diverse
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 79 - 522 975 457 RCS Nice. POUR LE MEILLEUR. Forme : Société à responsabilité limitée. Adresse du siège social : 22 rue Pertinax, 06000 Nice. Commentaires : Modification de l'adresse du siège.
Hide	08/10/2010	JAL	Head Office Transfer
L'AVENIR COTE D'AZUR Date de décision : 24/09/2010 Transfert du siège social de la société 522975457 - POUR LE MEILLEUR Adresse du nouveau siège : 22 RUE PERTINAX, 06000 NICE Ancienne localisation : 175 BD DE L ARIANE, ANGLE CHEMIN DE LA TOUR, 06300 NICE
Hide	17/06/2010	Bodacc A	Création d'établissement
06 - ALPES-MARITIMES GREFFE DU TRIBUNAL DE COMMERCE DE NICE 64 - 522 975 457 RCS Nice. POUR LE MEILLEUR. Forme : Société à responsabilité limitée. Administration : Gérant : HADIRI Farid Gérant : EL ATI Sonia. Capital : 1000 EUR. Adresse : 175 boulevard de l'Ariane, Angle Chemin de la Tour, 6300 Nice. Origine du fonds : Création d'un fonds de commerce. Etablissement : Etablissement principal. Activité : import export, négoce divers articles et prestations liés au mariage, bazar, alimentation générale, dépôt de pain, vente et location supports vidéo et audio, articles divers, vente de boissons à emporter, vente d'articles non Règlementés, sur place et ambulante, en tous lieux, salon, foires, marchés, activités connexes. Adresse : . Date de commencement de l’activité : 01/06/2010. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
20/09/2017	Bodacc C : Deposit accounts notice
16/09/2017	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2016	New accounts available
29/07/2016	Bodacc C : Deposit accounts notice
26/07/2016	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2015	New accounts available
02/07/2015	Bodacc C : Deposit accounts notice
30/06/2015	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2014	New accounts available
31/07/2014	Bodacc C : Deposit accounts notice
16/07/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
09/11/2013	Bodacc C : Deposit accounts notice
22/10/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2012	New accounts available
14/09/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
07/09/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
17/10/2010	Bodacc B: Various editing or changing
08/10/2010	Legal Gazette: Head Office Transfer
07/10/2010	Registered office transferred inside jurisdiction of the Commercial Court
07/10/2010	Updated articles of association
07/10/2010	Minutes of general meeting of shareholders
17/06/2010	Bodacc A : Establishment creation
08/06/2010	Minutes of general meeting of shareholders
08/06/2010	Articles of association
08/06/2010	Appointment/resignation of company officers
01/06/2010	Update of Company Head Office Identifier
01/06/2010	Transfer of Establishment
01/06/2010	Other modification of Establishment
01/06/2010	Formation of Company

Establishment events history

Date	Description
05/08/2016	Update of phone numbers
31/03/2016	Update of phone numbers
07/02/2015	Update of phone numbers
13/01/2013	Update of phone numbers
24/10/2012	Update of phone numbers
01/06/2010	Modification of Establishment
01/06/2010	Formation of Establishment
01/06/2010	Modification of Head office (after transfer)

Financials

Synthesized Accounts

Annual Accounts

	31/12/2016	31/12/2015	31/12/2014
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	15/09/2017	25/07/2016	29/06/2015
Activity Code	4619B	4619B	4619B
Employees	2	2	2

Active account

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Capital not called	0 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Total fixed assets	20,341 20 K	-25.3%	27,220 27 K	102.4%	13,449 13 K	3,829 4 K	431.2%
Intangible assets	0 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Tangible assets	20,311 20 K	-25.4%	27,220 27 K	102.4%	13,449 13 K	984 1 K	1964.1%
Financial assets	30 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Net current assets	175,688 176 K	17.3%	149,722 150 K	13.3%	132,111 132 K	64,673 65 K	171.7%
Stocks	140,246 140 K	32.9%	105,492 105 K	22.1%	86,407 86 K	0 0 K	0%
Advanced payments	0 0 K	0%	0 0 K	0%	11,711 12 K	0 0 K	0%
Receivables	28,315 28 K	-17.9%	34,506 35 K	81.1%	19,057 19 K	20,910 21 K	35.4%
Securities and cash	7,127 7 K	-26.7%	9,724 10 K	-34.9%	14,936 15 K	20,541 21 K	-65.3%
Prepaid expenses	- -	-	- -	-	- -	0 0 K	-
Accounts of regularization	0 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Total Assets	196,029 196 K	10.8%	176,941 177 K	21.6%	145,560 146 K	88,586 89 K	121.3%

Passive Account

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Shareholders' equity	103,115 103 K	4.8%	98,392 98 K	8.4%	90,770 91 K	34,155 34 K	201.9%
Share capital	1,000 1 K	0%	1,000 1 K	0%	1,000 1 K	5,000 5 K	-80.0%
Other capital resources	0 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Risk Provisions	0 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Liabilities	92,914 93 K	18.3%	78,549 79 K	43.4%	54,790 55 K	40,626 41 K	128.7%
Financial liabilities	10,604 11 K	-50.1%	21,264 21 K	302.7%	5,281 5 K	2,553 3 K	315.4%
Advanced payments received	0 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Trade account payables	53,810 54 K	39.5%	38,583 39 K	42.9%	27,005 27 K	4,277 4 K	1158.1%
Tax and social liabilities	25,966 26 K	60.6%	16,167 16 K	-28.2%	22,504 23 K	11,810 12 K	119.9%
Other debts and fixed assets liabilities	2,535 3 K	0%	2,535 3 K	0%	0 0 K	2,408 2 K	5.3%
Account regularization	0 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Total liabilities	196,029 196 K	10.8%	176,941 177 K	21.6%	145,560 146 K	88,587 89 K	121.3%

Results

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Sales of Goods	484,636 485 K	14.2%	424,283 424 K	-5.6%	449,497 449 K	107,500 108 K	350.8%
Net turnover	484,374 484 K	14.6%	422,721 423 K	-5.9%	449,361 449 K	105,242 105 K	360.2%
of which net export turnover	0 0 K	0%	0 0 K	0%	0 0 K	0 0 K	0%
Operating charges	478,270 478 K	15.9%	412,629 413 K	-2.3%	422,316 422 K	94,065 94 K	408.4%
Operating profit/loss	6,366 6 K	-45.4%	11,654 12 K	-57.1%	27,181 27 K	6,146 6 K	3.6%
Financial income	106 0 K	-75.3%	430 0 K	14233.3%	3 0 K	0 0 K	0%
Financial charges	286 0 K	-81.9%	1,583 2 K	173.9%	578 1 K	8 0 K	3475.0%
Financial profit/loss	-180 0 K	84.4%	-1,153 -1 K	-100.5%	-575 -1 K	0 0 K	0%
Pretax net operating income	6,186 6 K	-41.1%	10,500 11 K	-60.5%	26,606 27 K	6,204 6 K	-0.3%
Extraordinary income	0 0 K	0%	1,667 2 K	0%	0 0 K	0 0 K	0%
Extraordinary charges	797 1 K	-76.4%	3,375 3 K	120.7%	1,529 2 K	0 0 K	0%
Extraordinary profit/loss	-797 -1 K	53.3%	-1,708 -2 K	-11.7%	-1,529 -2 K	0 0 K	0%
Net result	4,723 5 K	-38.0%	7,622 8 K	-64.5%	21,462 21 K	6,038 6 K	-21.8%

Accounts - Active

Normal Account

	31/12/2016	31/12/2015	31/12/2014
Months	12	12	12

Grand Total - Active Accounts (I to VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Grand Total (I to VI)	Net	196,029 196 K	10.8%	176,941 177 K	21.6%	145,560 146 K
Gross	CO	217,786 218 K	14.4%	190,341 190 K	23.5%	154,150 154 K
Amortisation	1A	21,757 22 K	62.4%	13,400 13 K	56.0%	8,590 9 K

Non declared distributed capital (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Active fixed asset (II)	Net	20,341 20 K	-25.3%	27,220 27 K	102.4%	13,449 13 K
Gross	BJ	42,098 42 K	3.6%	40,620 41 K	84.3%	22,039 22 K
Amortisation	BK	21,757 22 K	62.4%	13,400 13 K	56.0%	8,590 9 K

Intangible fixed assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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	CQ	0 0 K	0%	0 0 K	0%	0 0 K
Distributorships, patents	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AF	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AG	0 0 K	0%	0 0 K	0%	0 0 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	0 0 K	0%	0 0 K	0%	0 0 K

Tangible fixed assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AR	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	AS	0 0 K	0%	0 0 K	0%	0 0 K
Other tangible fixed assets	Net	20,311 20 K	-25.4%	27,220 27 K	102.4%	13,449 13 K
Gross	AT	42,068 42 K	3.6%	40,620 41 K	84.3%	22,039 22 K
Amortisation	AU	21,757 22 K	62.4%	13,400 13 K	56.0%	8,590 9 K
Fixed assets in construction	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	AV	0 0 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	20,311 20 K	-25.4%	27,220 27 K	102.4%	13,449 13 K

Financial assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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	0 0 K	0%	0 0 K	0%	0 0 K
Gross	CU	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	CV	0 0 K	0%	0 0 K	0%	0 0 K
Inter-company receivables	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BB	0 0 K	0%	0 0 K	0%	0 0 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	30 0 K	0%	0 0 K	0%	0 0 K
Gross	BH	30 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BI	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Financial assets	Net	30 0 K	0%	0 0 K	0%	0 0 K

Current Assets (III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Current Assets	Net	175,688 176 K	17.3%	149,722 150 K	13.3%	132,111 132 K
Gross	CJ	175,688 176 K	17.3%	149,722 150 K	13.3%	132,111 132 K
Amortisation	CK	0 0 K	0%	0 0 K	0%	0 0 K

Stocks

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Raw materials	Net	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BL	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BM	0 0 K	0%	0 0 K	0%	0 0 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	0 0 K	0%	0 0 K	0%	0 0 K
Gross	BR	0 0 K	0%	0 0 K	0%	0 0 K
Amortisation	BS	0 0 K	0%	0 0 K	0%	0 0 K
Goods for resale	Net	140,246 140 K	32.9%	105,492 105 K	22.1%	86,407 86 K
Gross	BT	140,246 140 K	32.9%	105,492 105 K	22.1%	86,407 86 K
Amortisation	BU	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Stocks	Net	140,246 140 K	32.9%	105,492 105 K	22.1%	86,407 86 K

Advance payments to suppliers

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Advance payments to suppliers	Net	0 0 K	0%	0 0 K	0%	11,711 12 K
Gross	BV	0 0 K	0%	0 0 K	0%	11,711 12 K
Amortisation	BW	0 0 K	0%	0 0 K	0%	0 0 K

Debtors

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Trade accounts receivable	Net	19,015 19 K	2.2%	18,609 19 K	51.9%	12,249 12 K
Gross	BX	19,015 19 K	2.2%	18,609 19 K	51.9%	12,249 12 K
Amortisation	BY	0 0 K	0%	0 0 K	0%	0 0 K
Other debtors	Net	7,433 7 K	-51.6%	15,368 15 K	152.0%	6,099 6 K
Gross	BZ	7,433 7 K	-51.6%	15,368 15 K	152.0%	6,099 6 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	26,448 26 K	-22.2%	33,977 34 K	85.2%	18,348 18 K

Divers

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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	7,127 7 K	-26.7%	9,724 10 K	-34.9%	14,936 15 K
Gross	CF	7,127 7 K	-26.7%	9,724 10 K	-34.9%	14,936 15 K
Amortisation	CG	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Divers	Net	7,127 7 K	-26.7%	9,724 10 K	-34.9%	14,936 15 K

Prepaid expenses

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Prepaid expenses	Net	1,867 2 K	252.9%	529 1 K	-25.4%	709 1 K
Gross	CH	1,867 2 K	252.9%	529 1 K	-25.4%	709 1 K
Amortisation	CI	0 0 K	0%	0 0 K	0%	0 0 K

Equalization accounts (IV to VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Expenses of loan issue to be spread	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	0 0 K	0%	0 0 K	0%	0 0 K
Gross		0 0 K	0%	0 0 K	0%	0 0 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Due within one year	CP	30 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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Grand Total (I to V)	EE	196,029 196 K	10.8%	176,941 177 K	21.6%	145,560 146 K

Shareholder Equity (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total shareholders' equity (Total I)	DL	103,115 103 K	4.8%	98,392 98 K	8.4%	90,770 91 K
Equity and shareholders' equity	DA	1,000 1 K	0%	1,000 1 K	0%	1,000 1 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	100 0 K	0%	100 0 K	0%	100 0 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	97,292 97 K	8.5%	89,670 90 K	31.5%	68,208 68 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	4,723 5 K	-38.0%	7,622 8 K	-64.5%	21,462 21 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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total provisions for risks and charges (Total III)	DR	0 0 K	0%	0 0 K	0%	0 0 K
Risk provisions	DP	0 0 K	0%	0 0 K	0%	0 0 K
Reserves for charges	DQ	0 0 K	0%	0 0 K	0%	0 0 K

Liabilities (IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Liabilities (Total IV)	EC	92,914 93 K	18.3%	78,549 79 K	43.4%	54,790 55 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	10,284 10 K	-50.9%	20,925 21 K	384.6%	4,318 4 K
Sundry loans and financial liabilities	DV	320 0 K	-5.6%	339 0 K	-64.8%	963 1 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	53,810 54 K	39.5%	38,583 39 K	42.9%	27,005 27 K
Tax and social security liabilities	DY	25,966 26 K	60.6%	16,167 16 K	-28.2%	22,504 23 K
Fixed asset liabilities	DZ	0 0 K	0%	0 0 K	0%	0 0 K
Other debts	EA	2,535 3 K	0%	2,535 3 K	0%	0 0 K

Translation loss (V)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Translation loss (Total V)	ED	0 0 K	0%	0 0 K	0%	0 0 K

Equalization accounts

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Deferred income	EB	0 0 K	0%	0 0 K	0%	0 0 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Of which tax-allowable reserve	EF	0 0 K	0%	0 0 K	0%	0 0 K
Deferred income and liabilities	EG	87,053 87 K	32.4%	65,736 66 K	20.0%	54,790 55 K
Of which current bank facilities	EH	0 0 K	0%	0 0 K	0%	0 0 K

Result account

1 - Operating result (I-II)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating result (Total I-II)	GG		6,366 6 K	-45.4%	11,654 12 K	-57.1%	27,181 27 K

2 - Financial result (V-VI)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Financial result (Total V-VI)	GV		-180 0 K	84.4%	-1,153 -1 K	-100.5%	-575 -1 K

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

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW		6,186 6 K	-41.1%	10,500 11 K	-60.5%	26,606 27 K

4 - Extraordinary result (VII-VIII)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Extraordinary result (Total VII-VIII)	HI		-797 -1 K	53.3%	-1,708 -2 K	-11.7%	-1,529 -2 K

Profit or loss

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Profit or loss	HN		4,723 5 K	-38.0%	7,622 8 K	-64.5%	21,462 21 K

Total Income (I+III+V+VII)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Income (Total I+III+V+VII)	HL		484,742 485 K	13.7%	426,380 426 K	-5.1%	449,500 450 K

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

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total Charges (Total II+IV+VI+VIII+IX+X)	HM		480,019 480 K	14.6%	418,757 419 K	-2.2%	428,038 428 K

Operating income (I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total operating income (Total I)	FR	484,636 485 K	14.2%	424,283 424 K	-5.6%	449,497 449 K

Operating income (details)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Sale of goods for resale	FC	484,374 484 K	14.6%	422,721 423 K	-5.9%	449,361 449 K
France	FA	484,374 484 K	14.6%	422,721 423 K	-5.9%	449,361 449 K
Export	FB	0 0 K	0%	0 0 K	0%	0 0 K
Sale of goods produced	FF	0 0 K	0%	0 0 K	0%	0 0 K
France	FD	0 0 K	0%	0 0 K	0%	0 0 K
Export	FE	0 0 K	0%	0 0 K	0%	0 0 K
Sale of services	FI	0 0 K	0%	0 0 K	0%	0 0 K
France	FG	0 0 K	0%	0 0 K	0%	0 0 K
Export	FH	0 0 K	0%	0 0 K	0%	0 0 K
Net turnover	FL	484,374 484 K	14.6%	422,721 423 K	-5.9%	449,361 449 K
France	FJ	484,374 484 K	14.6%	422,721 423 K	-5.9%	449,361 449 K
Export	FK	0 0 K	0%	0 0 K	0%	0 0 K
Stocked production	FM	0 0 K	0%	0 0 K	0%	0 0 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	254 0 K	-83.7%	1,555 2 K	1096.2%	130 0 K
Other income	FQ	8 0 K	14.3%	7 0 K	16.7%	6 0 K

Operating charges (II)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total operating charges (Total II)	GF		478,270 478 K	15.9%	412,629 413 K	-2.3%	422,316 422 K

Exploitation charges

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Purchase of goods for resale	FS	278,526 279 K	-3.8%	289,583 290 K	-4.6%	303,677 304 K
Change in stocks of goods for resale	FT	27,051 27 K	241.7%	-19,085 -19 K	36.4%	-29,990 -30 K
Purchase of raw materials	FU	1,233 1 K	-88.0%	10,265 10 K	7392.7%	137 0 K
Change in stocks of raw materials	FV	0 0 K	0%	0 0 K	0%	0 0 K
Other external purchases and charges	FW	68,107 68 K	-4.2%	71,126 71 K	4.9%	67,811 68 K
Tax, duty and similar payments	FX	3,644 4 K	-5.6%	3,859 4 K	-63.5%	10,562 11 K
Payroll	FY	60,739 61 K	49.2%	40,723 41 K	-4.0%	42,437 42 K
Social security costs	FZ	17,185 17 K	103.4%	8,449 8 K	-20.2%	10,583 11 K

Depreciation

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Depreciation of fixed assets	GA	8,357 8 K	11.2%	7,515 8 K	71.2%	4,389 4 K
Amortisation of fixed assets	GB	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation/amortisation of current assets	GC	0 0 K	0%	0 0 K	0%	0 0 K
Provisions for risks and charges	GD	0 0 K	0%	0 0 K	0%	0 0 K

Other charges

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Other charges	GE		13,429 13 K	6858.0%	193 0 K	-98.5%	12,710 13 K

Operating charges (III-IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total financial income (Total V)	GP	106 0 K	-75.3%	430 0 K	14233.3%	3 0 K
Share financial income	GJ	0 0 K	0%	0 0 K	0%	0 0 K
Other investment income & capitalised receivables	GK	0 0 K	0%	0 0 K	0%	0 0 K
Other interest and similar income	GL	0 0 K	0%	0 0 K	0%	0 0 K
Released provisions and transferred charges	GM	0 0 K	0%	0 0 K	0%	0 0 K
Exchange gains	GN	106 0 K	-75.3%	430 0 K	14233.3%	3 0 K
Net income from disposal of investment securities	GO	0 0 K	0%	0 0 K	0%	0 0 K

Financial charge (VI)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total financial charge (Total VI)	GU	286 0 K	-81.9%	1,583 2 K	173.9%	578 1 K
Financial reserves and provisions	GQ	0 0 K	0%	0 0 K	0%	0 0 K
Interest and similar charges	GR	286 0 K	-15.6%	339 0 K	142.1%	140 0 K
Exchange losses	GS	0 0 K	0%	1,244 1 K	184.0%	438 0 K
Net loss from disposal of investment securities	GT	0 0 K	0%	0 0 K	0%	0 0 K

Extraordinary income (VII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total extraordinary income (Total VII)	HD	0 0 K	0%	1,667 2 K	0%	0 0 K
Extraordinary operating income	HA	0 0 K	0%	0 0 K	0%	0 0 K
Extraordinary income from capital transactions	HB	0 0 K	0%	1,667 2 K	0%	0 0 K
Released provisions and transferred charges	HC	0 0 K	0%	0 0 K	0%	0 0 K

Extraordinary charges (VIII)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total extraordinary charges (Total VIII)	HH	797 1 K	-76.4%	3,375 3 K	120.7%	1,529 2 K
Extraordinary operating charges	HE	797 1 K	23.6%	645 1 K	-57.8%	1,529 2 K
Extraordinary charges from capital transactions	HF	0 0 K	0%	2,730 3 K	0%	0 0 K
Extraordinary reserves and provisions	HG	0 0 K	0%	0 0 K	0%	0 0 K

Employee profit sharing (IX)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Employee profit sharing (Total IX)	HJ		0 0 K	0%	0 0 K	0%	0 0 K

Tax on profits (X)

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Tax on profits (Total X)	HK		666 1 K	-43.1%	1,170 1 K	-67.6%	3,616 4 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Of which equipment leases	HP	0 0 K	0%	0 0 K	0%	0 0 K
Of which property leases	HQ	0 0 K	0%	0 0 K	0%	0 0 K
Of which transferred charges	A1	254 0 K	-83.7%	1,555 2 K	1096.2%	130 0 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%	0 0 K
Of which royalties on licences and patents (charges)	A4	0 0 K	0%	0 0 K	0%	0 0 K

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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%	0 0 K
Decreasess by transfers	OK2	0 0 K	0%	0 0 K	0%	0 0 K
Gross value at the end of period	OL	0 0 K	0%	0 0 K	0%	0 0 K

Research and development Charge (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	KD	0 0 K	0%	0 0 K	0%	0 0 K
Increasess due to revaluation	KE	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	KF	0 0 K	0%	0 0 K	0%	0 0 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	0 0 K	0%	0 0 K	0%	0 0 K

Tangible fixed assets (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	LN	0 0 K	0%	0 0 K	0%	0 0 K
Increasess due to revaluation	LO	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	LP	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	NG1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	NG2	0 0 K	0%	0 0 K	0%	0 0 K
Gross value at the end of period	NH	0 0 K	0%	0 0 K	0%	0 0 K

Financial assets (Total IV)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value at begin of period	LQ	0 0 K	0%	0 0 K	0%	0 0 K
Increasess due to revaluation	LR	0 0 K	0%	0 0 K	0%	0 0 K
Increasess, acquisitions, creations, contributions	LS	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	NJ1	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by transfers	NJ2	0 0 K	0%	0 0 K	0%	0 0 K
Gross value at the end of period	NK	0 0 K	0%	0 0 K	0%	0 0 K

Reserve for depreciation

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

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	PE	0 0 K	0%	0 0 K	0%	0 0 K
Increases	PF	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess	PG	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	PH	0 0 K	0%	0 0 K	0%	0 0 K

Total fixed assets amotisation (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Reserve for depreciation value at begin of period	QU	0 0 K	0%	0 0 K	0%	0 0 K
Increases	QV	0 0 K	0%	0 0 K	0%	0 0 K
Decreases	QW	0 0 K	0%	0 0 K	0%	0 0 K
Decreasess by budget item transfer	QX	0 0 K	0%	0 0 K	0%	0 0 K

Movements during period affecting charge allocated over several period

Deferred charges and debt issuance costs

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	7C	0 0 K	0%	0 0 K	0%	0 0 K
Increases	UB	0 0 K	0%	0 0 K	0%	0 0 K
Decreases	UC	0 0 K	0%	0 0 K	0%	0 0 K
Value at the end of period	UD	0 0 K	0%	0 0 K	0%	0 0 K

Includes Total allocations

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating	UE	0 0 K	0%	0 0 K	0%	0 0 K
Financial	UG	0 0 K	0%	0 0 K	0%	0 0 K
Exceptional	UJ	0 0 K	0%	0 0 K	0%	0 0 K

Includes Total Withdrawal

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Operating	UF	0 0 K	0%	0 0 K	0%	0 0 K
Financial	UH	0 0 K	0%	0 0 K	0%	0 0 K
Exceptional	UK	0 0 K	0%	0 0 K	0%	0 0 K

Total regulated provisions (Total I)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	5Z	0 0 K	0%	0 0 K	0%	0 0 K
Increases	TV	0 0 K	0%	0 0 K	0%	0 0 K
Decreases	TW	0 0 K	0%	0 0 K	0%	0 0 K
Value at the end of period	TX	0 0 K	0%	0 0 K	0%	0 0 K

Total Provision for depreciation (Total III)

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Value at begining of period	7B	0 0 K	0%	0 0 K	0%	0 0 K
Increases	TY	0 0 K	0%	0 0 K	0%	0 0 K
Decreases	TZ	0 0 K	0%	0 0 K	0%	0 0 K
Value at the end of period	UA	0 0 K	0%	0 0 K	0%	0 0 K

State deadlines claims and debts at the end of period

State claims

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Gross value	VT	28,345 28 K	-17.9%	34,506 35 K	81.1%	19,057 19 K
1 year at most	VU	28,345 28 K	-17.9%	34,506 35 K	81.1%	19,057 19 K
More than one year	VV	0 0 K	0%	0 0 K	0%	0 0 K

State of loans

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Claims related to holdings (gross)	UL	0 0 K	0%	0 0 K	0%	0 0 K
Claims related to shareholdings (1 year at most)	UM	0 0 K	0%	0 0 K	0%	0 0 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	30 0 K	0%	0 0 K	0%	0 0 K
Other financial assets (1 year at most)	UV	30 0 K	0%	0 0 K	0%	0 0 K

Receivables statement of assets

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Customers doubtful or disputed	VA	0 0 K	0%	0 0 K	0%	0 0 K
Other claims customer	UX	19,015 19 K	2.2%	18,609 19 K	51.9%	12,249 12 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	14 0 K	-99.9%	10,000 10 K	0%	0 0 K
Social Security and other social organizations	UZ	0 0 K	0%	0 0 K	0%	0 0 K
Income taxes	VM	2,007 2 K	-50.1%	4,020 4 K	-18.1%	4,907 5 K
Value added tax	VB	1,681 2 K	24.7%	1,348 1 K	13.1%	1,192 1 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%	0 0 K	0%	0 0 K
Group and Associates	VC	0 0 K	0%	0 0 K	0%	0 0 K
Accounts receivable (including claims relating to the operation of pension titles)	VR	3,731 4 K	0%	0 0 K	0%	0 0 K

Prepaid

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Prepaid	VS		1,867 2 K	252.9%	529 1 K	-25.4%	709 1 K

State Debt

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Total debt (gross)	VY	92,914 93 K	18.3%	78,549 79 K	43.4%	54,790 55 K
1 year at most	VZ2	87,053 87 K	32.4%	65,736 66 K	20.0%	54,790 55 K
More than 1 year and 5 years at most	VZ3	5,861 6 K	-54.3%	12,813 13 K	0%	0 0 K
More than 5 years	VZ4	0 0 K	0%	0 0 K	0%	0 0 K

Details

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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	7 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VG2	7 0 K	0%	0 0 K	0%	0 0 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	10,277 10 K	-50.9%	20,925 21 K	384.6%	4,318 4 K
1 year at most	VH2	4,416 4 K	-45.6%	8,112 8 K	87.9%	4,318 4 K
More than 1 year and 5 years at most	VH3	5,861 6 K	-54.3%	12,813 13 K	0%	0 0 K
Loans and various financial liabilities (gross)	8A1	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	8A2	0 0 K	0%	0 0 K	0%	0 0 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	53,810 54 K	39.5%	38,583 39 K	42.9%	27,005 27 K
1 year at most	8B2	53,810 54 K	39.5%	38,583 39 K	42.9%	27,005 27 K
More than 1 year and 5 years at most	8B3	53,810 54 K	39.5%	38,583 39 K	42.9%	27,005 27 K
Personnel and associated accounts (gross)	8C1	8,152 8 K	68.7%	4,832 5 K	6.5%	4,538 5 K
1 year at most	8C2	8,152 8 K	68.7%	4,832 5 K	6.5%	4,538 5 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	8,094 8 K	15.9%	6,986 7 K	12.6%	6,202 6 K
1 year at most	8D2	8,094 8 K	15.9%	6,986 7 K	12.6%	6,202 6 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	9,721 10 K	123.5%	4,349 4 K	-63.0%	11,764 12 K
1 year at most	VW2	9,721 10 K	123.5%	4,349 4 K	-63.0%	11,764 12 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	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	VQ2	0 0 K	0%	0 0 K	0%	0 0 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	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	8J2	0 0 K	0%	0 0 K	0%	0 0 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	320 0 K	-5.6%	339 0 K	-64.8%	963 1 K
1 year at most	VI2	320 0 K	-5.6%	339 0 K	-64.8%	963 1 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	2,535 3 K	0%	2,535 3 K	0%	0 0 K
1 year at most	8K2	2,535 3 K	0%	2,535 3 K	0%	0 0 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	0 0 K	0%	0 0 K	0%	0 0 K
1 year at most	8L2	0 0 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	8L3	0 0 K	0%	0 0 K	0%	0 0 K

References

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Loans made during the period	VJ	0 0 K	0%	27,085 27 K	0%	0 0 K
Debt repaid during the period	VK	10,648 11 K	1.6%	10,478 10 K	161.4%	4,008 4 K

Table allocation results and other information

Dividends distributed

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Dividends	ZE		0 0 K	0%	0 0 K	0%	0 0 K

Commitments

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
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

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Subcontracting	YT	0 0 K	0%	0 0 K	0%	0 0 K
Rentals, rental charges and condominiums	XQ	22,961 23 K	-14.4%	26,816 27 K	2.0%	26,278 26 K
Staff outside the company	YU	0 0 K	0%	0 0 K	0%	0 0 K
Remuneration intermediaries and fees (excluding fees)	SS	15,659 16 K	14.8%	13,639 14 K	-35.4%	21,120 21 K
Fees, commissions and brokerage	YV	0 0 K	0%	0 0 K	0%	0 0 K
Other accounts	ST	29,488 29 K	-3.9%	30,671 31 K	50.3%	20,413 20 K
Total Other purchases and external	ZJ	68,107 68 K	-4.2%	71,126 71 K	4.9%	67,811 68 K

Taxes and Fees

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Business tax	YW	2,544 3 K	0.8%	2,525 3 K	43.4%	1,761 2 K
Other taxes and payments assimilated	9Z	1,100 1 K	-17.5%	1,334 1 K	-84.8%	8,801 9 K
Total taxes and fees	YX	3,644 4 K	-5.6%	3,859 4 K	-63.5%	10,562 11 K

VAT

		31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Amount VAT collected	YY	61,726 62 K	35.7%	45,499 45 K	-12.6%	52,035 52 K
Total VAT on goods and services	YZ	51,921 52 K	47.3%	35,244 35 K	1.0%	34,896 35 K

Average number of employees

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Average number of employees	YP		2 0 K	0%	2 0 K	0%	2 0 K

Groups and Shareholders

			31/12/2016	Variation	31/12/2015	Variation	31/12/2014
Groups and Shareholders	ZR		0 0 K	-	- -	-	- -

Ratios

Synthetic financial performance indicators

31/12/2016

31/12/2015

31/12/2014

Score

Situation

Score

Situation

Score

Situation

Hide AFDCC 2

5.10

Healthy

2.78

Healthy

4.10

Healthy

Description

The AFDCC 2 score uses sectors of activity and company sizes for companies with a turnover of 150 000 to 75 million euros. This calculation allows a classification of the companies in three levels:
-	Healthy: the higher the score value is, the more the company is healthy.
-	Undetermined: it’s impossible to determine the situation.
-	Fragility/Failure: the lower the score value is, the more the company is in danger.
The status are completed which “+/-“ signs.

Hide Conan & Holder

0.13

20%

0.13

10%

0.29

Description

The Conan and Holder (1979) is a recommended method for industrial companies with a turnover of 150 000 to 75 million euros. It is based only on a balance sheet. This calculation allows a classification of the most perilous situation (Score lower than 0.002) to the healthiest situation (score greater than 0.16):
-	Healthy situation: companies which maintain or develop their activity level.
-	Situation to monitor: companies which has to follow remedial measures or find a new strategy.
-	Perilous situation: companies which could have important cash difficulties and have a failure risk.

Hide Altman

Description

The Altman score is a method based only on a complete balance sheet, this calculation allows a classification of the companies in three levels:
-	Good shape: companies which have a low risk (with a score value higher than 2.99).
-	Warning signs: companies which should be approached with caution and with a high risk in the next two years for bankruptcy (with a score value between 2.99 and 1.81).
-	Bankruptcy: companies which are in immediate risk (with a score value lower than 1.81).

Structure and Liquidity

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Fixed Asset Financing	3.22	-1.8%	3.28	-30.9%	4.75	2.94	9.5%
Global Debt	69 days	3.0%	67 days	52.3%	44 days	116 days	-40.5%
Working Capital Fund overall net	69 days	-12.7%	79 days	19.7%	66 days	90 days	-23.3%
Financial independence	972.42 %	110.2%	462.72 %	-73.1%	1,718.80 %	171.79 %	466.1%
Solvability	52.60 %	-5.4%	55.61 %	-10.8%	62.36 %	44.28 %	18.8%
Capacity debt futures	2,331.34 %	92.2%	1,212.92 %	-42.3%	2,102.13 %	2,256.62 %	3.3%
Coverage of current assets by net working capital overall	53.72 %	-13.3%	61.96 %	-1.4%	62.86 %	51.84 %	3.6%
General Liquidity	0.33	-36.5%	0.52	48.6%	0.35	0.61	-45.9%
Restricted Liquidity	0.41	-38.8%	0.67	8.1%	0.62	1.42	-71.1%

Management or rotation

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Median 2016
Need background in operating working capital	59 days	0%	59 days	20.4%	49 days	15 days	293.3%
Treasury	5 days	-37.5%	8 days	-33.3%	12 days	10 days	-50.0%
Inventory turnover of goods	165 days	17.9%	140 days	22.8%	114 days	14 days	1078.6%
Average length of credit granted to customers	13 days	-7.1%	14 days	55.6%	9 days	50 days	-74.0%
Average length of credit obtained suppliers	45 days	25.0%	36 days	38.5%	26 days	37 days	21.6%
Inventory turnover of raw materials in industrial enterprises	0 days	0%	0 days	0%	0 days	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	-	-	-	-	-	1,634 days	-
Rotation tangible assets	-	-	-	-	-	1,743.49 %	-

Profitability of the business

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Margin trading	36.91 %	2.5%	36.01 %	-7.9%	39.09 %	9.86 %	274.3%	0.00 %	0%
Profitability of the business	5.76 %	36.8%	4.21 %	-57.1%	9.82 %	-14.88 %	138.7%	6.35 %	-9.3%
Net profit	0.98 %	-45.6%	1.80 %	-62.3%	4.78 %	2.88 %	-66.0%	4.33 %	-77.4%
Growth rate of turnover (excluding VAT)	14.58 %	345.9%	-5.93 %	-117.9%	33.07 %	60.28 %	-75.8%	0.00 %	0%
Rates integration	22.60 %	34.8%	16.76 %	-30.1%	23.97 %	19.27 %	17.3%	37.56 %	-39.8%
Rate leasing furniture	0.00 %	0%	0.00 %	0%	0.00 %	0.19 %	0%	0.00 %	0%
Work Factor	71.19 %	2.5%	69.42 %	41.0%	49.22 %	55.61 %	28.0%	56.96 %	25.0%
Weight interests	0.06 %	-83.8%	0.37 %	184.6%	0.13 %	1.40 %	-95.7%	0.01 %	500.0%

Return on capital

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Cash flow from the overall profitability	2.70 %	-29.5%	3.83 %	-33.4%	5.75 %	48,688.47 %	-100.0%	6.18 %	-56.3%
Rates of economic profitability	25.00 %	66.7%	15.00 %	-67.4%	46.00 %	18.66 %	34.0%	17.00 %	47.1%
Financial profitability	103,115.00 %	4.8%	98,392.00 %	8.4%	90,770.00 %	341,604.07 %	-69.8%	2,535.00 %	3967.7%
Return on investment	4.40 %	-42.8%	7.69 %	-66.5%	22.95 %	-546.63 %	100.8%	13.61 %	-67.7%

Management intermediate balances

31/12/2016

Variation

31/12/2015

Variation

31/12/2014

Sector Average 2016

Sector Median 2016

Turnover

484,374 484 K

14.6%

422,721 423 K

-5.9%

449,361 449 K

784,145.48 784.15 K

-38.2%

105,242 105 K

360.2%

31/12/2016

Variation

31/12/2015

Variation

31/12/2014

Sector Average 2016

Sector Median 2016

Sales of goods

484,374 484 K

14.6%

422,721 423 K

-5.9%

449,361 449 K

- Purchase of goods

278,526 279 K

-3.8%

289,583 290 K

-4.6%

303,677 304 K

+/- Stock of goods variation

27,051 27 K

241.7%

-19,085 -19 K

36.4%

-29,990 -30 K

Trading margin

178,797 € 179 K €

17.5%

152,223 € 152 K €

-13.3%

175,674 € 176 K €

74,454.39 € 74.45 K €

140.1%

0 € 0 K €

36.91 % CA 36.91 % CA

2.5%

36.01 % CA 36.01 % CA

-7.9%

39.09 % CA 39.09 % CA

40.37 % CA 40.37 % CA

-8.6%

0.39 % CA 0.39 % CA

9364.1%

31/12/2016

Variation

31/12/2015

Variation

31/12/2014

Sector Average 2016

Sector Median 2016

Sale of goods produced

0 0 K

+/- Stocked production

0 0 K

+ Self-constructed assets

0 0 K

Period production

0 € 0 K €

275,392.74 € 275.39 K €

54,712 € 55 K €

0.00 % CA 0.00 % CA

74.95 % CA 74.95 % CA

100.00 % CA 100.00 % CA

31/12/2016

Variation

31/12/2015

Variation

31/12/2014

Sector Average 2016

Sector Median 2016

Trading margin

178,797 179 K

17.5%

152,223 152 K

-13.3%

175,674 176 K

74,454.39 74.45 K

140.1%

0 0 K

+ Period Production

0 0 K

275,392.74 275.39 K

54,712 55 K

- Purchase of raw materials

1,233 1 K

-88.0%

10,265 10 K

7392.7%

137 0 K

+/- Change in stocks of raw materiels

0 0 K

- Other external purchases and charges

68,107 68 K

-4.2%

71,126 71 K

4.9%

67,811 68 K

Added value

109,457 € 109 K €

54.5%

70,832 € 71 K €

-34.2%

107,726 € 108 K €

152,504.83 € 152.50 K €

-28.2%

42,061 € 42 K €

160.2%

22.60 % CA 22.60 % CA

34.8%

16.76 % CA 16.76 % CA

-30.1%

23.97 % CA 23.97 % CA

19.17 % CA 19.17 % CA

17.9%

37.42 % CA 37.42 % CA

-39.6%

31/12/2016

Variation

31/12/2015

Variation

31/12/2014

Sector Average 2016

Sector Median 2016

Added value

109,457 € 109 K €

54.5%

70,832 € 71 K €

-34.2%

107,726 € 108 K €

152,504.83 € 152.50 K €

-28.2%

42,061 € 42 K €

160.2%

+ Operating grants

0 0 K

- Tax, duty and similar payments

3,644 4 K

-5.6%

3,859 4 K

-63.5%

10,562 11 K

- Personal charges

77,924 78 K

58.5%

49,172 49 K

-7.3%

53,020 53 K

Gross operating surplus

27,889 € 28 K €

56.7%

17,801 € 18 K €

-59.7%

44,144 € 44 K €

30,279.38 € 30.28 K €

-7.9%

7,905 € 8 K €

252.8%

5.76 % CA 5.76 % CA

36.8%

4.21 % CA 4.21 % CA

-57.1%

9.82 % CA 9.82 % CA

-14.98 % CA -14.98 % CA

138.5%

6.35 % CA 6.35 % CA

-9.3%

31/12/2016

Variation

31/12/2015

Variation

31/12/2014

Sector Average 2016

Sector Median 2016

Gross operating surplus

27,889 € 28 K €

56.7%

17,801 € 18 K €

-59.7%

44,144 € 44 K €

30,279.38 € 30.28 K €

-7.9%

7,905 € 8 K €

252.8%

+ Release of reserves and provisions

254 0 K

-83.7%

1,555 2 K

1096.2%

130 0 K

+ Other operating income

8 0 K

14.3%

7 0 K

16.7%

6 0 K

- Depreciation/ Amortisation

8,357 8 K

11.2%

7,515 8 K

71.2%

4,389 4 K

- Other charges

13,429 13 K

6858.0%

193 0 K

-98.5%

12,710 13 K

Operating result

6,365 € 6 K €

-45.4%

11,655 € 12 K €

-57.1%

27,181 € 27 K €

26,395.68 € 26.40 K €

-75.9%

6,142 € 6 K €

3.6%

1.31 % CA 1.31 % CA

-52.5%

2.76 % CA 2.76 % CA

-54.4%

6.05 % CA 6.05 % CA

-18.71 % CA -18.71 % CA

107.0%

4.76 % CA 4.76 % CA

-72.5%

31/12/2016

Variation

31/12/2015

Variation

31/12/2014

Sector Average 2016

Sector Median 2016

Operating result

6,365 € 6 K €

-45.4%

11,655 € 12 K €

-57.1%

27,181 € 27 K €

26,395.68 € 26.40 K €

-75.9%

6,142 € 6 K €

3.6%

+/- Result of joint-venture transferred from/to other partners

0 0 K

+ Financial income

106 0 K

-75.3%

430 0 K

14233.3%

3 0 K

- Financial charges

286 0 K

-81.9%

1,583 2 K

173.9%

578 1 K

Pre-tax result

6,185 € 6 K €

-41.1%

10,502 € 11 K €

-60.5%

26,606 € 27 K €

45,541.92 € 45.54 K €

-86.4%

6,202 € 6 K €

-0.3%

1.28 % CA 1.28 % CA

-48.4%

2.48 % CA 2.48 % CA

-58.1%

5.92 % CA 5.92 % CA

2.57 % CA 2.57 % CA

-50.2%

4.86 % CA 4.86 % CA

-73.7%

31/12/2016

Variation

31/12/2015

Variation

31/12/2014

Sector Average 2016

Sector Median 2016

Extraordinary income

0 0 K

1,667 2 K

0 0 K

11,267.76 11.27 K

0 0 K

- Extraordinary charges

797 1 K

-76.4%

3,375 3 K

120.7%

1,529 2 K

Extraordinary result

-797 € -1 K €

53.3%

-1,708 € -2 K €

-11.7%

-1,529 € -2 K €

5,074.59 € 5.07 K €

-115.7%

0 € 0 K €

-0.16 % CA -0.16 % CA

60.0%

-0.40 % CA -0.40 % CA

-17.6%

-0.34 % CA -0.34 % CA

5.07 % CA 5.07 % CA

-103.2%

0.00 % CA 0.00 % CA

	31/12/2016	Variation	31/12/2015	Variation	31/12/2014	Sector Average 2016		Sector Median 2016
Pre-tax result	6,185 € 6 K €	-41.1%	10,502 € 11 K €	-60.5%	26,606 € 27 K €	45,541.92 € 45.54 K €	-86.4%	6,202 € 6 K €	-0.3%
Extraordinary result	-797 € -1 K €	53.3%	-1,708 € -2 K €	-11.7%	-1,529 € -2 K €	5,074.59 € 5.07 K €	-115.7%	0 € 0 K €	0%
- Employee profit sharing	0 0 K	0%	0 0 K	0%	0 0 K		-		-
- Tax on profits	666 1 K	-43.1%	1,170 1 K	-67.6%	3,616 4 K		-		-
Net result	4,722 € 5 K €	-38.1%	7,624 € 8 K €	-64.5%	21,461 € 21 K €	42,244.51 € 42.24 K €	-88.8%	5,969 € 6 K €	-20.9%
	0.97 % CA 0.97 % CA	-46.1%	1.80 % CA 1.80 % CA	-62.3%	4.78 % CA 4.78 % CA	2.84 % CA 2.84 % CA	-65.8%	4.33 % CA 4.33 % CA	-77.6%

Key Performance Indicators

	31/12/2016	31/12/2015	31/12/2014
Company Result	484,374 €	422,721 €	449,361 €
Sector Average	784,145 €	733,941 €	604,384 €

Net Profit

	31/12/2016	31/12/2015	31/12/2014
Company Result	4,723 €	7,622 €	21,462 €
Sector Average	43,450 €	36,461 €	36,531 €

Net Export Turnover

	31/12/2016	31/12/2015	31/12/2014
Company Result	0 €	0 €	0 €
Sector Average	249,626 €	244,603 €	137,753 €

Account Total

	31/12/2016	31/12/2015	31/12/2014
Company Result	196,029 €	176,941 €	145,560 €
Sector Average	714,776 €	646,108 €	577,815 €

Shareholders Equity

	31/12/2016	31/12/2015	31/12/2014
Company Result	103,115 €	98,392 €	90,770 €
Sector Average	361,361 €	331,491 €	315,503 €

Liabilities

	31/12/2016	31/12/2015	31/12/2014
Company Result	92,914 €	78,549 €	54,790 €
Sector Average	341,125 €	302,338 €	253,762 €

	31/12/2016	31/12/2015	31/12/2014
Company Result	59 €	59 €	49 €
Sector Average	20 €	-167 €	110 €

Gross operating surplus (EBE)

	31/12/2016	31/12/2015	31/12/2014
Company Result	27,889 €	17,801 €	44,144 €
Sector Average	30,279 €	56,241 €	56,302 €

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.22
UK Pound	1	INR 92.77
Euro	1	INR 80.34
Euro	1	INR 80.65

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIS

Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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MIRA INFORM REPORT

Company Name And Address

Key Financials

Directors

Establishment Details

Other Establishment(s)

Workforces

Commentary

Collective procedures

Director(s)

Company events history

Establishment events history

Financials

Key Performance Indicators

Unit