MIRA INFORM REPORT

Report No. :	489708
Report Date :	03.02.2018

IDENTIFICATION DETAILS

Name :	GIFI
Registered Office :	GIFI, Zone Industrielle De Laboulbene, Bp 40, 47300 Villeneuve Sur Lot
Country :	France
Financials (as on) :	30.09.2016
Date of Incorporation :	June 1988
Legal Form :	Simplified joint stock company
Line of Business :	Other business support activities n.e.c
No. of Employees :	250 to 499

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
France	A1	A1

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

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. France is the most visited country in the world with 83 million foreign tourists in 2016, including 530,000 visitors for the 2016 Euro Cup. 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 grew by 1.6% in 2017, up from 1.2% the year before. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2015, before falling to 9.5% in 2017. Youth unemployment in metropolitan France decreased from 24.6% in the fourth quarter of 2014 to 24% in the fourth quarter of 2016.

France’s public finances have historically been strained by high spending and low growth. Despite measures to restore public finances, the budget deficit rose from 3.3% of GDP in 2008 to 7.5% of GDP in 2009. In 2017, the budget deficit improved to 2.9% of GDP, bringing it in compliance with the EU-mandated 3% deficit target. Meanwhile, France's public debt rose from 89.5% of GDP in 2012 to 96.9% in 2017.

Since entering office in May 2017, President Emmanuel MACRON launched a series of economic reforms to improve competitiveness and boost economic growth. President MACRON campaigned on reforming France’s labor code and in late 2017 implemented a range of reforms to increase flexibility in the labor market by making it easier for firms to hire and fire and simplifying negotiations between employers and employees. In addition to labor reforms, President MACRON’s proposed 2018 budget cuts public spending, taxes, and social security contributions to spur private investment and increase purchasing power.

Source : CIA

Company name and summary

SIRET	347 410 011 00063
Name	GIFI
Acronym	-
Trade name	-
Status	Economically active
Postal Address	GIFI ZONE INDUSTRIELLE DE LABOULBENE BP 40 47300 VILLENEUVE SUR LOT FRANCE
Share Capital	32,332,470 Euros
Telephone	05 53 40 54 54
Activity (APE)	Other business support activities n.e.c (8299Z)
Formation Date	06/1988
Deregistration Date	-
Court Registry Number	19 8 8B60076
Registration Court	Agen (47)
Nationality	France
RCS Registration	RCS Agen B 347 410 011
EUR VAT Number	FR62347410011
Last account Date	30/09/2016
Incorporiation Date	08/1988
Fax	05 53 40 51 51
Safe Number	FR02050335
Legal form	Simplified joint stock company
Currency	Euros

Key Financials

Year to date	Turnover	Gross operating surplus	Shareholder's equity	Net result	Employees
30/09/2016	149,569,597 €	30.27% Turnover	463,477,466 €	73,466,460 €	250 to 499 employees
30/09/2015	150,760,000 €	35.37% Turnover	405,484,000 €	46,682,000 €	250 to 499 employees
30/09/2014	139,320,478 €	30.51% Turnover	364,039,525 €	33,762,292 €	325 employees

View detailsDirectors

Current Directors

8

View Details

Ultimate Holding Company

Name	Safe Number	Country	Company Number
GROUPE PHILIPPE GINESTET	FR03315623		391804945
Affiliation links. View Details
4 companies in the international Group Structure from 1 countries. View Details

Judgment and Preferential

Judgment	No judgement	View details
Preferential Right	No social security and tax office preferential right to date	View details

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	7010Z	Activity	Activities of head offices
Formation Date	02/2000	Reason for Formation	Other
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	-	Activity Location	-
Trading Address	ZI DE LA BOULBENE 47300 VILLENEUVE SUR LOT	Department	Lot-et-Garonne (47)
Location Surface	-	District	3
City	VILLENEUVE SUR LOT	Status	Economically active
Business Pages FT®	DISCOUNT, STOCKS, DEGRIFFES (DETAIL)	Region	-
		Area	99
		Size of Urban Area	-

Ultimate Parent(s)

1 ultimate parent company/companies for this company

Company Name	Activity (APE)	APE/NAF Code	City	Post Code
GROUPE PHILIPPE GINESTET	Activities of head offices	7010Z	VILLENEUVE SUR LOT	47300

Other Establishment(s)

Regionality	Legal unit with multiple establishments in many areas having at least 80% of workforce in same area
Mono-activity status	Legal unit having all establishments with the same main activity
Branches	10 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
GIFI	Head Office	8299Z	Other business support activities n.e.c	VILLENEUVE SUR LOT	47300
GIFI	Branch	8299Z	Other business support activities n.e.c	VITROLLES	13127
GIFI	Branch	8299Z	Other business support activities n.e.c	TOULOUSE	31000
GIFI	Branch	8299Z	Other business support activities n.e.c	BAZAS	33430
GIFI	Branch	8299Z	Other business support activities n.e.c	MONTPELLIER	34000

View Details

Workforces

Workforce at address	200 to 249 employees	Company workforce	250 to 499 employees
		Workforce account	Workforce unknown

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.

Ultimate holding company in failure

The increase in the gearing percentage over the last two accounting periods is 88 %

The sales to current assets ratio is 0.45

The stock to turnover ratio is 1.81

The return on total assets employed is 14.95

Industry code with medium risk rating

The risk provisions are 33,768,612 €

The shareholder's equity is 463,477,466 €

The total assets are 654,473,991 €

The creditor days are 25.42

The ratio total assets to total liabilities is 3.43

The liabilities are 157,227,911 €

The net current assets are 335,402,668 €

The pre-tax profit is 97,875,474 €

The net turnover is 149,569,597 €

Low risk workforce size

Department code with low risk rating

The company has 9 directors

Industry comparison

Activity (APE)

Other business support activities n.e.c (8299Z)

Collective procedures

No judgment information for the company

Preferential rights details and history

Summary of preferential rights

Company monitored since	14/05/2009
Status of Monitoring	No social security and tax office preferential right to date

Preferential rights details and history

Summary of preferential rights

Company monitored since	14/05/2009
Status of Monitoring	No social security and tax office preferential right to date

Group Data

Ultimate parent company	GROUPE PHILIPPE GINESTET
Direct parent	GROUPE PHILIPPE GINESTET - 74.44 %
Group – Number of companies	268
Linkages – Number of companies	4
Number of countries	1

Group Structure

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Rating Information

		Name	SIREN	Parts	Last account published
1		GROUPE PHILIPPE GINESTET	391804945	-	31/12/2016
2		SCI MAG BRIVE	400240677	96 %	-
2		GIFI	347410011	74.44 %	30/09/2016
3		GIFI DIFFUSION	478721707	100 %	30/09/2016
4		GIFI ASIA	-	100 %	-
		SARL ADIL	491356234	19 %	30/09/2016
		NINGBO GIFI TRADING	-	100 %	-
		GIFI FORMATION	484276563	100 %	30/09/2016
		GIFI MANAGEMENT	449620673	100 %	30/09/2016
3		GIFI MAG	478725625	100 %	30/09/2016
4		DISTRI PORTO VECCHIO	420995375	51 %	30/09/2016
		DISTRI LA VALENTINE	445154875	51 %	30/09/2016
		DISTRI PROPRIANO	431934157	51 %	30/09/2016
4		DISTRI AJACCIO	399119445	51 %	30/09/2016
5		DISTRI PORTO VECCHIO	420995375	49 %	30/09/2016
		INGIF S.R.L. - IN LIQUIDAZIONE	SS145996	75 %	30/09/2008
		GIFIES	420549	100 %	30/09/2016
		GIT CUNEO	-	94 %	-
3		MAISON JORDAENS NV	421169446	100 %	30/09/2013
4		IDE BELGIUM NV	425263242	100 %	30/09/2015
		FIGI S.R.L. - IN LIQUIDAZIONE	SS135510	85.55 %	30/09/2008
		DISTRI SAINT PAUL	511561219	51 %	30/09/2016
		SCI BEAL	351666193	98 %	-
		SCI MAG ST ETIENNE	424361558	96 %	-
		DEPOGI	393247689	93 %	31/12/2016
		SCI MAG ISTRES	424341626	96 %	-
		MAG VILLIERS LE BEL	438587826	96 %	-
		SCI MAG VALENTIN	424361673	96 %	-
		MAG CARHAIX	512936840	96 %	-
		MAG CONDOM	511510653	96 %	-
		MAG LA VILLE AUX DAMES	518712880	96 %	-
2		FIGOGI	443437983	75 %	31/12/2016
3		TER PORTO VECCHIO	447917493	96 %	-
		TER FOURMIES	444368393	96 %	-
		TER DOMEYRAT	454072356	96 %	-
		TER LUNEVILLE	448099705	96 %	-
		TER LAVAL	448721332	96 %	-
		TER DIGNE	449592757	51 %	-
		TER QUEVERT	453951519	96 %	-
		TER CHATEAUDUN	480798230	96 %	-
		TER SAINT AGATHON	485123111	96 %	-
		TER LE PUY	444143945	96 %	-
		TER QUIMPER	444144075	96 %	-
		LES HAUTES VUES	399071703	100 %	31/12/2016
		QUATERS	495123481	75 %	31/12/2016
		TURPAIN	300940939	98 %	31/12/2016
		ALTITUDE 1850	492297049	51 %	-
		AMEGI	494911605	90 %	-
		AU CAP	507655264	51 %	-
		MAG CHAMPNIERS	347582215	96 %	-
		SCI BESSIERES CAHORS	421152323	96 %	-
		SCI CAPPAS	378356307	99 %	-
		SCI CENTRE DE L'ECUSSON	417758406	96 %	-
		BURO PUJOLS	484991104	96 %	-
		SCI DEP 1 LA BARBIERE	382876704	96 %	-
		DEP DU ROOY	450876057	96 %	-
		MAG DOMANCY	437990872	96 %	-
		DEPOT VIL 1	383962271	96 %	-
		IMMO SARLAT 2	388887218	96 %	-
		MAG LIMOUX	392362000	96 %	-
		MAG ARGELES	454067711	96 %	-
		MAG ARGENTAN	443331830	96 %	-
		SCI EPSILON	377625801	90 %	-
		SCI FRANCK	391230950	99 %	-
		GIAL	344561576	96 %	-
		SCI GIVENT	384602488	99 %	-
		SCI LES COLLINES	318277019	96.67 %	-
		SCI LES LYS	412860421	99.99 %	-
		SCI MAG ALBERT	417639861	96 %	-
		MAG AUCH	444976955	96 %	-
		SCI MAG AUDINCOURT	424359164	96 %	-
		MAG AVON	439912411	96 %	-
		MAG BAR LE DUC	452997455	96 %	-
		SCI MAG BAYEUX	400507745	96 %	-
		MAG BEAUNE	505030239	66 %	-
		MAG REIMS	402708374	96 %	-
		SCI MAG BOUCAU	379064520	96 %	-
		TER BOULOU	503681322	78 %	-
		SCI MAG BRESSUIRE	449980648	96 %	-
		MAG CABESTANY	453389678	96 %	-
		SCI MAG CAEN	400508925	96 %	-
		MAG CALAIS	447917394	96 %	-
		MAG CHATEAUBRIANT	443333190	96 %	-
		BURO ORANGE	452493752	96 %	-
		MAG CASTRES	484988795	96 %	-
		MAG CHAMBERY	423744770	96 %	-
		MAG CHAMBLY	434866927	96 %	-
		SCI MAG CHATEAUFARINE	424358927	96 %	-
		MAG CHATILLON SUR SEINE	432123636	96 %	-
		MAG CHATILLON	440102705	96 %	-
		MAG THUIR	439543505	96 %	-
		SCI MAG CLERMONT	392243002	96 %	-
		MAG COULOMMIERS	437615693	96 %	-
		SCI MAG CUCQ	421381831	96 %	-
		MAG DIGNE	445183338	96 %	-
		MAG DOUARNENEZ	432867950	96 %	-
		MAG DREUX	439181561	96 %	-
		MAG EPAGNY	434209318	96 %	-
		SCI MAG ERIGNE	387815699	96 %	-
		MAG ESTANCARBON	449338805	96 %	-
		MAG FENOUILLET	434209052	96 %	-
		SCI MAG FIGEAC	403308372	96 %	-
		MAG FONTAINE	453546137	96 %	-
		MAG FOURMIES	440102325	96 %	-
		SCI MAG GAILLARD	424361806	96 %	-
		MAG GIEN	440584571	50 %	-
		MAG GRANVILLE	404220337	65.02 %	-
		MAG GUJAN	443928361	96 %	-
		MAG HAUTMONT	442629788	96 %	-
		MAG HENDAYE	440584829	96 %	-
		MAG ISSOUDUN	442628640	96 %	-
		MAG L'ARBRESLE	500864756	96 %	-
		MAG LA CHAUSSEE SAINT VICTOR	319660312	96 %	-
		SCI MAG LA FLECHE	411088339	96 %	-
		MAG LA ROCHELLE	389100041	96 %	-
		MAG LANDERNEAU	441369881	96 %	-
		MAG LANGON	440102432	96 %	-
		MAG LANNEMEZAN	503049298	96 %	-
		MAG LE CREUSOT	442020608	96 %	-
		MAG LE PUY	437990682	96 %	-
		SCI MAG LES ANGLES	413058306	96 %	-
		MAG LOCHES	488456153	96 %	-
		MAG LOISIN	447483934	96 %	-
		MAX LONGPONT SUR ORGE	439915687	96 %	-
		SCI MAG LORIOL	421152208	96 %	-
		SCI MAG LOUDEAC	488457086	96 %	-
		MAG LOURDES	440340222	96 %	-
		MAG LUCON	447483710	99 %	-
		MAG LUNEVILLE	439912551	96 %	-
		SCI MAG LUXEUIL	424360873	96 %	-
		MAG MACON	407990910	96 %	-
		SCI MAG MARMANDE	452377062	96 %	-
		SCI MAG MEYSIEU	429029952	96 %	-
		SCI MAG MILLAU	400509253	96 %	-
		MAG MONT SAINT MARTIN	492296934	96 %	-
		SCI MAG MONTARGIS	429029788	96 %	-
		MAG MONTAYRAL	500864806	96 %	-
		MAG MONTEREAU	432120012	96 %	-
		DEP NOBEL	399790385	96 %	-
		MAG MORESTEL	430402321	96 %	-
		MAG NARBONNE	432908481	96 %	-
		MAG NEUFCHATEAU	440102010	96 %	-
		MAG NEVERS 2	440584365	56 %	-
		SCI MAG NEVERS	402711014	96 %	-
		MAG OLIVET	438585697	96 %	-
		MAG OLORON	452544109	96 %	-
		MAG ONET LE CHATEAU	498706290	96 %	-
		MAG PARAY LE MONIAL	498285287	96 %	-
		SCI MAG PERIGUEUX	392363495	96 %	-
		SCI MAG PERONNE	417639226	96 %	-
		MAG PITHIVIERS	443024120	96 %	-
		SCI MAG PLAISANCE	399789742	96 %	-
		SCI MAG POITIERS	401029293	96 %	-
		SCI MAG PONTARLIER	424361889	96 %	-
		MAG PROVINS	430034470	96 %	-
		MAG QUEVERT	453951063	96 %	-
		MAG REDON	410164115	96 %	-
		SCI MAG ROANNE	424359370	96 %	-
		MAG ROMORANTIN	478383300	33.33 %	-
		MAG ROQUEVAIRE	441157385	51 %	-
		SCI MAG ROYE	417639531	96 %	-
		MAG SAINT AGATHON	485118210	96 %	-
		MAG SAINT DIZIER	432507788	96 %	-
		MAG SAINT FLOUR	503049314	96 %	-
		MAG SAINT JEAN D ANGELY	379919095	96 %	-
		MAG SAINT JEAN DE MAURIENNE	443928262	96 %	-
		MAG SAINT JUNIEN	449338110	96 %	-
		MAG GRASSE	448841171	96 %	-
		MAG SAINT MEDARD	437991409	96 %	-
		MAG SAINT MEMMIE	437991334	96 %	-
		MAG SAINT NAZAIRE	384329249	96 %	-
		SCI MAG SAINT PRIEST	424360634	96 %	-
		MAG SAINT QUENTIN	489867358	96 %	-
		MAG SAINTE MARGUERITE	447483827	96 %	-
		MAG SARLAT	382521946	96 %	-
		MAG SARREBOURG	444977060	96 %	-
		SCI MAG SAUMUR	411088271	96 %	-
		MAG SAVERNE	438845638	96 %	-
		MAG TARBES	377943303	96 %	-
		MAG THONON	394681332	96 %	-
		MAG TONNERRE	439418849	96 %	-
		MAG TOUL	434833950	96 %	-
		SCI MAG VENDOME	408731792	96 %	-
		MAG VERDUN	430033944	96 %	-
		MAG VERNON	432120087	96 %	-
		SCI MAG VICHY	392363370	96 %	-
		MAG VILLENEUVE	434208922	96 %	-
		MAG VITRE	452311004	96 %	-
		SCI MAG WITTENHEIM	424341279	96 %	-
		PECHBACQUIE	448153155	96 %	-
		PUJOLS BEL AIR	503778441	50 %	-
		PUJOLS RESTAURATION	507648426	99 %	31/12/2016
		MAG RIBERAC	421152133	96 %	-
		SCI ROGI	347582264	96 %	-
		BAT FLEURY	481261014	30 %	-
		DEP CLERMONT	437991243	96 %	-
		SCI DU POIVRE	438995805	96 %	-
		SCI ELYETTE	344981097	96.67 %	-
		SCI GRAZIELLA	345212617	96 %	-
		LE BOURG DE PUJOLS	507657922	99 %	-
		MAG BEYNOST	483169819	96 %	-
		MAG LAVAL	483987442	96 %	-
		MAG MOULAY	481530731	96 %	-
		MAG NOGENT LE ROTROU	483239265	96 %	-
		MAG ORANGE	444404305	96 %	-
		MAG VITRY LE FRANCOIS	480804483	96 %	-
		SCI SOFEGI	402549794	96 %	-
		SCI STOCK OUEST	341660611	96 %	-
		TER BEAUVAIS	451186498	62 %	-
		TER BEZIERS	503802514	45.10 %	-
		TER BIAS	504220062	78 %	-
		SCI TER CASTRES	488457557	78 %	-
		TER DOLE	503155509	52 %	-
		TER DREUX	433278041	78.43 %	-
		TER FONTAINE	488715830	98 %	-
		TER GOUSSAINVILLE	450083258	28 %	-
		TER ISSOUDUN	503155442	50 %	-
		TER L'ARBRESLE	500868682	78 %	-
		TER LANNEMEZAN	503681306	78 %	-
		TER LES ANGLES	503049736	62 %	-
		TER BOUFFERE	488457052	78 %	-
		TER SAINT GERMAIN DU PUY	502317068	78 %	-
		TER SAINT PIERRE	488456344	75 %	-
		TER TAILLADES	503541922	78 %	-
		SCI VILOZA	389285297	60 %	-
		RESTAURANT LA TOQUE	509066049	95 %	31/12/2016
		TER LONS LE SAUNIER	512200619	92 %	-
		L'AGENAISE D'INVESTISSEMENT	750095143	40 %	-
		TER CABESTANY	521401497	72 %	-
		TER LE PIAN MEDOC	515319499	78 %	-
		MAG MAREUIL LES MEAUX	519899918	96 %	-
		MAG JONZAC	519721468	50 %	-
		TER LA VILLE AUX DAMES	518709985	78 %	-
		MAG COSNE	514988625	96 %	-
		TER SAINT HILAIRE DE LOULAY	513798546	78 %	-
		LE FOURNIL DE PUJOLS	509086948	100 %	31/12/2016
		TER CLUSES	529335622	78 %	-
		DEP DOURGES	529032823	51 %	-
		DEP SECLIN	529032898	51 %	-
		MAG LA FERTE MACE	528069719	96 %	-
		PATRI FUBLAINES	527754923	51 %	-
		MAG BELFORT	525184818	96 %	-
		MAG FAMECK	524369311	96 %	-
		SOCIETE CIVILE IMMOBILIERE SAINT-JACQUES 72	443704366	50 %	-
		PATRI BREST	523520054	51 %	-
		LANAU	483594081	100 %	31/12/2016
		TER BEAUVAIS 2	511672420	78 %	-
		MAG BAZAS	511236978	96 %	-
		MAG MIMIZAN	511236994	96 %	-
		MAG CHATEAU GONTIER	510578628	96 %	-
		SCI DE CAPBRETON	347680365	70 %	-
		MAG MONTAUBAN	385047006	96 %	-
		MAG LOCMINE	417800505	96 %	-
		MAG PURPAN	447917253	96 %	-
		TER CHERBOURG	448061275	100 %	-
		DU GERS	479945982	96 %	-
		MAG TAVERNY	483518320	96 %	-
		TER GANNAT	483851093	96 %	-
		MAG SAINT QUAY PERROS	487910309	96 %	-
		TER LORIENT	497631218	39 %	-
		MAG BERNAY	498706324	96 %	-
		DES ORMEAUX	503034530	54 %	-
		MAG BISCAROSSE	511236929	96 %	-
		MAG LE PIAN MEDOC	515272870	96 %	-
		MAG COGOLIN	518497839	96 %	-
		PATRI BEZIERS	519413587	51 %	-
		MAG ROCHEFORT	528716327	96 %	-
		ALGI	344561659	96 %	-
		SCI DEP2 LA BARBIERE	392188314	95 %	-
		MAG SEDAN	444144216	96 %	-
		TERVILLOISE D'INVESTISSEMENT	818725392	50 %	-
BESTINVER GESTION SGIIC SA	0.54
ALEXANDRE GINESTET	11.04
SALARIÉS	0.04
MARTINE GINESTET	1.83
PHILIPPE GINESTET	1.47
GROUPE PHILIPPE GINESTET	74.44
GINESTET INVESTISSEMENTS SERVICES	2.45
Undefined	8.19

Linkages

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Rating Information

Company Name	Siren	Last Account Published	Turnover
DAMAL NV	465489538	31/12/1999	504,315 €
RASDA NV	419808377	31/12/1999	11,500,797 €
POLYTRADE NV	424155561	31/12/1999	9,389,860 €
DISTRI DENDERMONDE-TONGEREN SPRL	830788964	30/09/2013	1,383,596 €

Shareholder(s)

Name	GROUPE PHILIPPE GINESTET
Name of representative
Manager position	President, President of the management board	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Director(s)

Name	M. GINESTET PHILIPPE
Manager position	President of the supervisory council	Date of birth	15/04/1954
Place of birth	SAINTE-LIVRADE
Type	Individual	Name at birth
				View Details
Name	M. GINESTET ALEXANDRE
Manager position	Managing director	Date of birth	21/09/1977
Place of birth	VILLENEUVE-SUR-LOT
Type	Individual	Name at birth
				View Details

Name	M. DE CURIERES DE CASTELNAU FRANÇOIS, BERTRAND, CHARLES, MARIE
Manager position	Managing director	Date of birth	09/10/1969
Place of birth	COGNAC
Type	Individual	Name at birth

Statutory Auditor

Name	ORCOM AUDIT RSO
Name of representative
Manager position	Statutory auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth
Name	DELOITTE & ASSOCIES
Name of representative
Manager position	Statutory auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Name	BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES - BEAS
Name of representative
Manager position	Deputy auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth
Name	CL EXPERTISE
Name of representative
Manager position	Deputy auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Previous Directors

View the directors history for this company
If you want to view the directors history, please click on the link view details.

Manager position	Title and name	Date of Birth/Place of Birth
President	M. GINESTET PHILIPPE	15/04/1954 - SAINTE-LIVRADE	View Details
President	M. GINESTET PHILIPPE	15/04/1954 - SAINTE-LIVRADE	View Details
Chief Executive Officer	M. GINESTET PHILIPPE	15/04/1954 - SAINTE-LIVRADE	View Details
Chief Executive Officer	M. GINESTET PHILIPPE	15/04/1954 - SAINTE LIVRADE SUR LOT	View Details
Managing director	M. DE CURIERES DE CASTELNAU FRANÇOIS, BERTRAND, CHARLES, MARIE	09/10/1969 - COGNAC	View Details
Managing director	M. DE CURIERES DE CASTELNAU FRANÇOIS, BERTRAND, CHARLES, MARIE	09/10/1969 - COGNAC (16)	View Details
Managing director	M. GINESTET ALEXANDRE	21/09/1977 - VILLENEUVE-SUR-LOT	View Details
Managing director	M. GINESTET ALEXANDRE	21/09/1977 - VILLENEUVE-SUR-LOT (47)	View Details
Managing director	M. GINESTET PHILIPPE	15/04/1954 - SAINTE-LIVRADE	View Details
Managing director	M. GINESTET PHILIPPE	15/04/1954 - SAINTE-LIVRADE	View Details
Delegated managing director	M. GINESTET ALEXANDRE	21/09/1977 - VILLENEUVE-SUR-LOT (47)	View Details
Delegated managing director	M. GINESTET ALEXANDRE	21/09/1977 - VILLENEUVE-SUR-LOT (47)	View Details
Administrator	M. GINESTET ALEXANDRE	21/07/1977 - VILLENEUVE-SUR-LOT (47)	View Details
Administrator	M. GINESTET ALEXANDRE	21/07/1977 - VILLENEUVE SUR LOT	View Details
Administrator	M. GINESTET ALEXANDRE	21/07/1977 - VILLENEUVE-SUR-LOT (47)	View Details
Administrator	GROUPE PHILIPPE GINESTET	-	View Details
Administrator	GROUPE PHILIPPE GINESTET	30/11/1966 - TONNEINS (47)	View Details
Administrator	GROUPE PHILIPPE GINESTET	30/11/1966 - TONNEINS (47)	View Details
Administrator	GROUPE PHILIPPE GINESTET	30/11/1966 - TONNEINS	View Details
Administrator	M. LANGE JEAN-DIDIER, JACQUES	22/01/1947 - BORDEAUX (33)	View Details
Administrator	M. LANGE JEAN-DIDIER, JACQUES	22/01/1947 - BORDEAUX (33)	View Details
President of the supervisory council	M. GINESTET PHILIPPE	15/04/1954 - SAINTE-LIVRADE	View Details
Statutory auditor	GROUPE ARGOS AUDIT ET CONSEIL	-	View Details

Status history

No Status History

Recent publications in Gazettes

	Publication date	Gazette Name	Description
Hide	08/09/2017	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1142 - 347 410 011 RCS Agen. GIFI. Forme : Société par actions simplifiée. Capital : 32332470 EUR. Activité : . Commentaires : Modification survenue sur le capital.
Hide	06/05/2017	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 4482 - 347410011 RCS. GIFI. Forme : Société par actions simplifiée. Adresse : Zone Industrielle la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2016.
Hide	25/04/2016	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 3079 - 347410011 RCS. GIFI. Forme : Société par actions simplifiée. Adresse : Zone Industrielle la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2015.
Hide	12/11/2015	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 630 - 347 410 011 RCS Agen. GIFI. Forme : Société par actions simplifiée. Capital : 42180740 EUR. Activité : . Commentaires : Modification survenue sur le capital.
Hide	27/09/2015	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1321 - 347 410 011 RCS Agen. GIFI. Forme : Société par actions simplifiée. Administration : Président : GROUPE PHILIPPE GINESTET (SARL) Président du directoire, Membre du directoire : GROUPE PHILIPPE GINESTET (SARL) Directeur général, Membre du directoire : GINESTET Alexandre Directeur général, Membre du directoire : DE CURIERES DE CASTELNAU François, Bertrand, Charles, Marie Président du conseil de surveillance, Membre du conseil de surveillance : GINESTET Philippe Membre du conseil de surveillance : SAVARESI Brigitte Membre du conseil de surveillance : BELLINO Isabelle né(e) CARRIE Membre du conseil de surveillance : BOUKHARI Thierry Commissaire aux comptes titulaire : GROUPE ARGOS AUDIT ET CONSEIL Commissaire aux comptes titulaire : DELOITTE & ASSOCIES (SA) Commissaire aux comptes suppléant : BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES - BEAS (SARL) Commissaire aux comptes suppléant : CL EXPERTISE (SARL). Activité : . Commentaires : Modification survenue sur l'administration.
Hide	27/08/2015	JAL	Appointment of the social representative
Républicain Lot et Garonne (Le) Date de décision : 17/08/2015 Société faisant l'objet d'une nomination : 347410011 - GIFI, GIFI, ZI DE LA BOULBENE, BP 40, 47300 VILLENEUVE SUR LOT Nominé : Monsieur Thierry BOUKHARI, 47300 VILLENEUVE SUR LOT En la fonction de : Membre du Conseil de Surveillance
Hide	12/08/2015	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1802 - 347 410 011 RCS Agen. GIFI. Forme : Société par actions simplifiée. Capital : 42180760.40 EUR. Activité : . Commentaires : Modification survenue sur le capital.
Hide	28/06/2015	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 595 - 347 410 011 RCS Agen. GIFI. Forme : Société par actions simplifiée. Administration : Président du directoire : GROUPE PHILIPPE GINESTET (SARL) Directeur général : GINESTET Alexandre Directeur général : DE CURIERES DE CASTELNAU François, Bertrand, Charles, Marie Président du conseil de surveillance, Membre du conseil de surveillance : GINESTET Philippe Membre du conseil de surveillance : SAVARESI Brigitte Membre du conseil de surveillance : BELLINO Isabelle né(e) CARRIE Commissaire aux comptes titulaire : GROUPE ARGOS AUDIT ET CONSEIL Commissaire aux comptes titulaire : DELOITTE & ASSOCIES (SA) Commissaire aux comptes suppléant : BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES - BEAS (SARL) Commissaire aux comptes suppléant : CL EXPERTISE (SARL). Activité : . Commentaires : Modification survenue sur la forme juridique, l'administration.
Hide	04/06/2015	JAL	Resignation / Revocation of the social representative
Républicain Lot et Garonne (Le) Date de décision : 24/03/2015 La société 347410011 - GIFI, GIFI, ZI DE LA BOULBENE, BP 40, 47300 VILLENEUVE SUR LOT Fait l'objet du départ de Monsieur Philippe GINESTET, Pech Bacquie, 47300, PUJOLS, De Monsieur Philippe GINESTET, Pech Bacquie, 47300, PUJOLS, De Monsieur Alexandre GINESTET, Lieu-dit Malbouyssou, 47140, PENNE D AGENAIS, De SARL Groupe Philippe GINESTET, Zone Industriell La Barbière, 47300, VILLENEUVE SUR LOT, De Monsieur Jean-Didier LANGE, De Monsieur Philippe GINESTET, Pech Bacquie, 47300, PUJOLS, De Monsieur Alexandre GINESTET, Lieu-dit Malbouyssou, 47140, PENNE D AGENAIS
Hide	04/06/2015	JAL	Appointment of the social representative
Républicain Lot et Garonne (Le) Date de décision : 24/03/2015 Société faisant l'objet d'une nomination : 347410011 - GIFI, GIFI, ZI DE LA BOULBENE, BP 40, 47300 VILLENEUVE SUR LOT Nominé : Monsieur Philippe GINESTET, 47300 PUJOLS En la fonction de : Président du Conseil de Surveillance Nominé : Non renseignée GROUPE PHILIPPE GINESTET, 47300 VILLENEUVE SUR LOT En la fonction de : Président du Directoire Nominé : Non renseignée SARL Groupe Philippe GINESTET, 47300 STE COLOMBE DE VILLENEUVE En la fonction de : Président Nominé : Non renseignée GROUPE PHILIPPE GINESTET, 47300 VILLENEUVE SUR LOT En la fonction de : Membre du Directoire Nominé : Monsieur Alexandre GINESTET, 47140 PENNE D AGENAIS En la fonction de : Membre du Directoire Nominé : Monsieur François de CURIÈRES de CASTELNAU, 78150 LE CHESNAY En la fonction de : Membre du Directoire Nominé : Monsieur Philippe GINESTET, 47300 PUJOLS En la fonction de : Membre du Conseil de Surveillance Nominé : Madame Brigitte SAVARESI, 47300 PUJOLS En la fonction de : Membre du Conseil de Surveillance Nominé : Madame Isabelle BELLINO, 47300 VILLENEUVE SUR LOT En la fonction de : Membre du Conseil de Surveillance Nominé : Monsieur Alexandre GINESTET, 47140 PENNE D AGENAIS En la fonction de : Directeur général Nominé : Monsieur François de CURIÈRES de CASTELNAU, 78150 LE CHESNAY
Hide	27/04/2015	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 4969 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : Zone Industrielle la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2014.
Hide	27/04/2015	Bodacc C	Comptes consolidés et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 4968 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : Zone Industrielle la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2014.
Hide	10/12/2014	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1759 - 347 410 011 RCS Agen. GIFI. Forme : Société anonyme. Capital : 41678254 EUR. Activité : . Commentaires : Modification survenue sur le capital.
Hide	30/04/2014	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 5601 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : Zone Industrielle la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2013.
Hide	30/04/2014	Bodacc C	Comptes consolidés et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 5602 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : Zone Industrielle la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2013.
Hide	26/12/2013	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1943 - 347 410 011 RCS Agen. GIFI. Forme : Société anonyme. Capital : 42266855.20 EUR. Activité : . Commentaires : Modification survenue sur le capital.
Hide	14/11/2013	JAL	Modification of the share capital
Républicain Lot et Garonne (Le) Date de décision : 19/03/2013 La société : 347410011 - GIFI, GIFI, ZI DE LA BOULBENE, BP 40, 47300 VILLENEUVE SUR LOT a subi une diminution de son capital social désormais de 42 266 855 € Date d'effet : 19/03/2013
Hide	12/06/2013	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1600 - 347 410 011 RCS Agen. GIFI. Forme : Société anonyme. Capital : 42880058.80 EUR. Activité : . Commentaires : Modification survenue sur le capital.
Hide	24/04/2013	Bodacc C	Comptes annuels, consolidés et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 6556 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : zi la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2012.
Hide	24/04/2013	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 6557 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : zi la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2012.
Hide	27/12/2012	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 2000 - 347 410 011 RCS Agen. GIFI. Forme : Société anonyme. Capital : 42885328.80 EUR. Activité : . Commentaires : Modification survenue sur le capital.
Hide	15/11/2012	JAL	Modification of the share capital
Républicain Lot et Garonne (Le) Date de décision : 26/03/2012 La société : 347410011 - GIFI, LA BOULBENE SUD, BP 40, 47300 VILLENEUVE SUR LOT a subi une diminution de son capital social désormais de 42 885 329 € Date d'effet : 26/03/2012
Hide	15/11/2012	JAL	Modification of the share capital
Républicain sud Gironde (Le) Date de décision : 06/11/2012 La société : 347410011 - GIFI, LA BOULBENE SUD, BP 40, 47300 VILLENEUVE SUR LOT a subi une diminution de son capital social désormais de 42 885 329 € Date d'effet : 06/11/2012
Hide	14/11/2012	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1420 - 347 410 011 RCS Agen. GIFI. Forme : Société anonyme. Administration : Président directeur général : GINESTET Philippe Directeur général délégué : GINESTET Alexandre Administrateur : GINESTET Alexandre Administrateur : GROUPE PHILIPPE GINESTET (SARL) représenté par BELLINO Isabelle, Danielle né(e) CARRIE Administrateur : LANGE Jean-Didier, Jacques Commissaire aux comptes titulaire : GROUPE ARGOS AUDIT ET CONSEIL Commissaire aux comptes titulaire : DELOITTE & ASSOCIES (SA). Activité : . Commentaires : Modification survenue sur l'administration.
Hide	11/10/2012	JAL	Appointment of the social representative
Républicain Lot et Garonne (Le) Date de décision : 26/03/2012 Société faisant l'objet d'une nomination : 347410011 - GIFI, LA BOULBENE SUD, BP 40, 47300 VILLENEUVE SUR LOT Nominé : Monsieur Jean-Didier LANGE, 33200 BORDEAUX En la fonction de : Administrateur
Hide	02/07/2012	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 7208 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : zi La Boulbene BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2011.
Hide	29/05/2012	Bodacc C	Comptes annuels, consolidés et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 7122 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : zi BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2011.
Hide	13/07/2011	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1640 - 347 410 011 RCS Agen. GIFI. Forme : Société anonyme. Capital : 43520000 EUR. Activité : . Commentaires : Modification survenue sur le capital.
Hide	13/05/2011	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 5579 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : Zone industrielle la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2010.
Hide	21/06/2010	Bodacc C	Comptes annuels, consolidés et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 4925 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : zi la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2009.
Hide	21/06/2010	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 4926 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : zi la Boulbène BP 40 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2009.
Hide	17/12/2009	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 904 - 347 410 011 RCS Agen. GIFI. Forme : Société anonyme. Commentaires : Modification survenue sur le sigle.
Hide	17/09/2009	Bodacc A	Vente et cession : Vendeur
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 246 - 478 725 625 RCS Bordeaux. GIFI MAG. Forme : Société par actions simplifiée. Adresse : Zone Industrielle la Barbiere, 47300 Villeneuve-sur-Lot. Origine du fonds : Apport d'un fonds de commerce. Etablissement : Etablissemennt complémentaire. Activité : vente au détail d'articles d'équipement de la maison, de la personne, culture, loisirs. Adresse : chemin de Guillème Zone d'Activité, Artisanale et Industrielle, 33430 Bazas. Précédent propriétaire : GIFI. 347 410 011 RCS Agen. Date de commencement de l’activité : 12/06/2009. Publication légale : Le républicain du 09/07/2009. Déclarations des créances : Déclaration de créances au Greffe de Tribunal de Commerce de Bordeaux. Descriptif : Etablissement secondaire/complémentaire acquis par apport au montant évalué à 149988 Euros. Commentaires : Apport d'un établissement secondaire/complémentaire (personne morale, uniquement).
Hide	01/09/2009	Bodacc A	Vente et cession : Vendeur
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN 116 - 478 725 625 RCS Agen. GIFI MAG. Forme : Société par actions simplifiée. Adresse : Zone Industrielle la Barbière, 47300 Villeneuve-sur-Lot. Origine du fonds : acquis par apport au montant évalué à 899988 Euros. Etablissement : Etablissement complémentaire. Activité : Vente au détail D articles D équipement de la personne de la maison culture loisirs. Adresse : Zone Commerciale le Pastebuch, 40600 Biscarrosse. Précédent propriétaire : GIFI. 347 410 011 RCS Agen. Date de commencement de l’activité : 12/06/2009. Publication légale : Le Républicain du 09/07/2009. Déclarations des créances : Villeneuve-sur-Lot. Commentaires : Autre achat, apport, attribution.
Hide	01/09/2009	Bodacc A	Vente et cession : Vendeur
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN 117 - 478 725 625 RCS Agen. GIFI MAG. Forme : Société par actions simplifiée. Adresse : Zone Industrielle la Barbière, 47300 Villeneuve-sur-Lot. Origine du fonds : acquis par apport au montant évalué à 499988 Euros. Etablissement : Etablissement complémentaire. Activité : Vente au détail D articles D équipement de la maison et de la personne culture loisirs. Adresse : 4 avenue Claude Monnet, 40200 Mimizan. Précédent propriétaire : GIFI. 347 410 011 RCS Agen. Date de commencement de l’activité : 12/06/2009. Publication légale : Le républicain du 09/07/2009. Déclarations des créances : Villeneuve-sur-Lot. Commentaires : Autre achat, apport, attribution.
Hide	25/07/2009	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 4659 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : zi la Boulbène BP 40, 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
Hide	25/07/2009	Bodacc C	Comptes consolidés et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 4660 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : Zone industrielle la Boulbène BP 40, 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2008.
Hide	12/06/2009	Bodacc A	Vente et cession : Acheteur
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN 617 - 347 410 011 RCS Mont-de-Marsan. GIFI. Forme : Société anonyme à conseil d'administration. Adresse : Zone Industrielle la Boulbène BP 40, 47300 Villeneuve-sur-Lot. Origine du fonds : Etablissement secondaire acquis par achat au prix stipulé de 500000 Euros. Etablissement : Etablissement secondaire. Activité : Négoce de marchandises en tout genre. Adresse : 4 avenue Claude Monnet, 40200 Mimizan. Précédent propriétaire : MIMIZAN MICHIGAN. 491 945 614 RCS Agen. Date de commencement de l’activité : 16/04/2009. Publication légale : Le courrier français du 01/05/2009. Oppositions : GIFI 4, avenue CLAUDE MONNET 40200 Mimizan. Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
Hide	12/06/2009	Bodacc A	Vente et cession : Acheteur
40 - LANDES GREFFE DU TRIBUNAL DE COMMERCE DE MONT-DE-MARSAN 622 - 347 410 011 RCS Mont-de-Marsan. GIFI. Forme : Société anonyme à conseil d'administration. Adresse : Zone Industrielle la Boulbène BP 40, 47300 Villeneuve-sur-Lot. Origine du fonds : acquis par achat au prix stipulé de 900000 Euros. Etablissement : Etablissement complémentaire. Activité : Négoce de marchandises en tout genre. Adresse : Zone Commerciale le Pastebuch, 40600 Biscarrosse. Précédent propriétaire : BISCARROSSE MICHIGAN. 491 943 098 RCS Agen. Date de commencement de l’activité : 16/04/2009. Publication légale : Le courrier français du 01/05/2009. Oppositions : GIFI ZONE COMMERCIALE LE PASTEBUCH 40600 Biscarrosse. Commentaires : Autre achat, apport, attribution.
Hide	02/06/2009	Bodacc A	Vente et cession : Acheteur
33 - GIRONDE GREFFE DU TRIBUNAL DE COMMERCE DE BORDEAUX 352 - 347 410 011 RCS Bordeaux. GIFI. Forme : Société anonyme. Sigle : GD. Adresse : Zone Industrielle la Boulbèbe, 47300 Bias. Origine du fonds : Achat d'un fonds de commerce. Etablissement : Etablissemennt complémentaire. Activité : négoce de marchandises en tout genre et principalement dans le secteur de l'équipement de la maison. Adresse : chemin du Guillème, Zone d'Activité Artisanale, et Industrielle 33430 Bazas. Précédent propriétaire : BAZAS MICHIGAN. 491 943 130 RCS Agen. Date de commencement de l’activité : 16/04/2009. Publication légale : Le courrier francais du 08/05/2009. Oppositions : Au Mandataire SELAS LANGE ET DE GALZAIN- Le Montesquieu- 19 avenue J. F. Kennedy-33 704 MERIGNAC CEDEX pour la validité et pour la correspondance. Descriptif : Etablissement secondaire/complémentaire acquis par achat au prix stipulé de 150000 Euros. Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
Hide	12/04/2009	Bodacc B	Modification et mutation diverse
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE D'AGEN 1051 - 347 410 011 RCS Agen. GIFI. Forme : Société anonyme. Administration : Président directeur général : GINESTET Philippe. Directeur général délégué : GINESTET Alexandre. Administrateur : GINESTET Alexandre. Administrateur : GROUPE PHILIPPE GINESTET (SARL) représenté par BELLINO Isabelle Danielle né(e) CARRIE. Commissaire aux comptes titulaire : GROUPE ARGOS AUDIT ET CONSEIL. Commissaire aux comptes titulaire : DELOITTE & ASSOCIES (SA). Commentaires : Modification survenue sur l'administration.
Hide	05/06/2008	Bodacc C	Comptes consolidés et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE DE VILLENEUVE-SUR-LOT 3286 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : Zone Industrielle La Boulbene BP 40, 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2007.
Hide	05/06/2008	Bodacc C	Comptes annuels et rapports
47 - LOT-ET-GARONNE GREFFE DU TRIBUNAL DE COMMERCE DE VILLENEUVE-SUR-LOT 3287 - 347410011 RCS. GIFI. Forme : Société anonyme. Adresse : Zone Industrielle la Barbière BP 40, 47300 Villeneuve-sur-Lot. Commentaires : Comptes annuels et rapports de l'exercice clos le : 30/09/2007.
Hide	08/08/2007	Bodacc C	Avis de dépôt des comptes
4876 - 347 410 011. RCS Villeneuve-sur-lot GIFI. Sigle: GD Forme: Société anonyme. Adresse du siège social: zi la Boulbène BP 40, 47300 Villeneuve-sur-Lot. Comptes consolidés et rapport de l'exercice clos le: 30 septembre 2006.
Hide	26/05/2007	Bodacc C	Avis de dépôt des comptes
5253 - RCS Villeneuve-sur-Lot B 347 410 011. RC 88-B 76. GIFI. Forme: S.A. Adresse du siège social: Z.I. la Boulbene,Bp 40, 47300 Villeneuve-sur-Lot. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2006.
Hide	07/05/2006	Bodacc C	Avis de dépôt des comptes
2426 - RCS Villeneuve-sur-Lot B 347 410 011. RC 88-B 76. GIFI. Forme: S.A. Adresse du siège social: Z.I. la Boulbene,Bp 40, 47300 Villeneuve-sur-Lot. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2005.
Hide	07/05/2006	Bodacc C	Avis de dépôt des comptes
2427 - RCS Villeneuve-sur-Lot B 347 410 011. RC 88-B 76. GIFI. Forme: S.A. Adresse du siège social: Z.I. la Boulbene,Bp 40, 47300 Villeneuve-sur-Lot. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2005.
Hide	26/08/2005	Bodacc B	Modifications et mutations diverses
605 - RCS Villeneuve-sur-Lot B 347 410 011. RC 88-B 76. GIFI. Sigle : GD. Forme : S.A. Capital : 44 761 516,80 euros. Adresse du siège social : Z.I. La Boulbène, B.P. 40,, 47300 Commentaires : modification survenue sur le capital. Ancien : 45 470 212,80 euros. Date d'effet : 20 juin 2005.
Hide	20/05/2005	Bodacc C	Avis de dépôt des comptes
2744 - RCS Villeneuve-sur-Lot B 347 410 011. RC 88-B 76. GIFI. Forme: S.A. Adresse du siège social: Z.I. la Boulbene,Bp 40, 47300 Villeneuve-sur-Lot. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2004.
Hide	20/05/2005	Bodacc C	Avis de dépôt des comptes
2745 - RCS Villeneuve-sur-Lot B 347 410 011. RC 88-B 76. GIFI. Forme: S.A. Adresse du siège social: Z.I. la Boulbene,Bp 40, 47300 Villeneuve-sur-Lot. Comptes annuels et rapports de l'exercice clos le: 30 septembre 2004.
Hide	09/03/2005	Bodacc B	Modifications et mutations diverses
673 - RCS Villeneuve-sur-Lot B 347 410 011. RC 88-B 76. GIFI. Sigle : GD. Forme : S.A. Activité : animation d'un réseau à enseigne commune de distribution acquisition, cession, échange de titres de sociétés, management industriel et commercial. Conseil en marketing et en organisation d'entreprises. Exploitation de marques commerciales ou de brevets par voie d'achat. Vente, concession, location, franchise, gestion de trésorerie, de devises et opérations financières. Etudes, conception, aménagement et coordination des travaux . Adresse du siège social : Z.I. La Boulbène, B.P. 40,, 47300 Commentaires : modification survenue sur l'activité et l'administration suite à l'apport partiel d'actif de la S.A.S. GIFI DIFFUSION, RCS Villeneuve-sur-Lot 478 721 707 et de l'apport de titres à la S.A.S. GIFI MAG, RCS Villeneuve-sur-Lot 478 725 625. Administration : président directeur général : GINESTET (Philippe) (Nom d'usage : GINESTET). Administrateurs : GINESTET (Alexandre) (Nom d'usage : GINESTET) GROUPE PHILIPPE GINESTET, représentée par CARRIE (Isabelle, Danielle) (Nom d'usage : BELLINO). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL DELOITTE & ASSOCIES. Commissaires aux comptes suppléants : CASTEIG (Daniel) (Nom d'usage : CASTEIG) BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES-BEAS. Date d'effet : 29 décembre 2004.
Hide	06/06/2004	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Sigle : GD. Forme : S.A. Activité : centrale d'achat, commerce en gros et de tous produits toutes opérations relatives au commerce international et exploitation de marques. Acquisition, cession, échange de titres de sociétés, management industriel et commercial. Conseil en marketing et en organisation d' entreprises. Exploitation de marques commerciales ou brevets, par voie d' achat, de vente, de concession, de location, de franchise. Gestion de trésorerie, de devises, opérations financières en devises. Toutes opérations de transport public routier de marchandises, ainsi que la location de véhicules de transport routier. Etudes, conception et aménagement, ainsi que la coordination et le pilotage de travaux, et ce, tant pour les immeubles de la société que pour le compte de tiers. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47300 Villeneuve-sur-Lot. Commentaires : modification survenue sur l'activité ( extension). Date d'effet : 12 mars 2004.
Hide	18/11/2003	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Sigle : GD. Forme : S.A. Capital : 45 470 212,80 euros. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47300 Villeneuve-sur-Lot. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : GINESTET (Philippe) ( Nom d'usage : GINESTET). Administrateurs : GINESTET ( Alexandre) ( Nom d'usage : GINESTET) GROUPE PHILIPPE GINESTET, représenté par CARRIE (Isabelle, Danielle) ( Nom d' usage : BELLINO). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL B.D.A. DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG (Daniel) ( Nom d' usage : CASTEIG) BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES- BEAS. Date d'effet : 4 septembre 2003.
Hide	04/11/2003	Bodacc A	Création d'établissement
RCS Villeneuve-sur-Lot B 443494182 DISTRI CARHAIX. Forme : S.A.S. Capital : 37 000 euros. Adresse du siège social : Z.I. La Barbière, 47300 Villeneuve-sur-Lot Etablissement principal: Activité : achat, vente d'objets ou de meubles d' occasion, de tous articles de décoration intérieure ou extérieure, pour la maison et le jardin de produits régionaux ou d'artisanat, de matières premières, de caoutchouc et de matériel pour le jardin. Adresse : 457 avenue Mas-d'Argeliès, 34000 Montpellier Eléments d'actifs incorporels, dépendant de l' établissement principal, acquis par achat au prix stipulé de 91 400 euros. Date d'effet : 19 septembre 2003. Précédent propriétaire : GIFI. RCS Villeneuve-sur-Lot B 347410011 RC 03-B 1422 Publication légale: La Gazette économique du 14 octobre 2003. Oppositions : Etude de M e Ferret (Jean, Pierre), notaire, 55 avenue Jacques- Cartier, 34000 Montpellier.
Hide	16/09/2003	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Sigle : GD. Forme : S.A. Capital : 45 470 212,80 euros. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47300 Villeneuve-sur-Lot. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : GINESTET (Philippe) ( Nom d'usage : GINESTET). Administrateurs : GINESTET ( Alexandre) ( Nom d'usage : GINESTET) PASCUAL (Didier) ( Nom d'usage : PASCUAL). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL BDA DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG (Daniel) ( Nom d'usage : CASTEIG) BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES- BEAS. Date d'effet : 6 juin 2003.
Hide	28/08/2003	Bodacc A	Création d'établissement
RCS B 347410011 A dater du: 7 aout 2003 GIFI. Forme : S.A. Capital : 45 470 212 euros. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47301 Villeneuve-sur- Lot Etablissement principal: Activité : droit au bail. Adresse : 457 avenue du Mas-d'Argelliers, 34070 Montpellier Droit au bail acquis par achat au prix stipulé de 91 400 euros. Date d'effet : 19 février 2003. Précédent propriétaire : ABRYT. RCS Montpellier B 432228187 RC 00- B 913 Publication légale: La Gazette économique du 15 juillet 2003. Oppositions : Cabinet de M e Fabre ( Olivier), administrateur judiciaire, batiment Le Maestro, 110 place d'Acadie, 34045 Montpellier Cedex 1.
Hide	28/05/2002	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Sigle : GD. Forme : S.A. Capital : 45 470 212,80 euros. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47300 Villeneuve-sur-Lot. Commentaires : modification survenue sur l' administration. Administration : P.-D.G. : GINESTET (Philippe) ( Nom d'usage : GINESTET) et PASCUAL (Didier). Administrateur : GINESTET (Alexandre) ( Nom d'usage : GINESTET). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL BDA DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG (Daniel) ( Nom d' usage : CASTEIG) BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES- B.E.A.S. Directeur général délégué : PASCUAL (Didier) ( Nom d'usage : PASCUAL). Date d'effet : 14 mars 2002.
Hide	20/03/2002	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Sigle : GD. Forme : S.A. Capital : 45 470 212,80 euros. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47300 Villeneuve-sur-Lot. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : GINESTET (Philippe) ( Nom d'usage : GINESTET). Administrateurs : PASCUAL ( Didier) ( Nom d'usage : PASCUAL) GINESTET (Alexandre) ( Nom d'usage : GINESTET). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL B.D.A. DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG (Daniel) ( Nom d' usage : CASTEIG) BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES- B.E.A.S. Ancien administrateur démissionnaire : LAMBERT (Rudolphe). Date d'effet : 5 décembre 2001.
Hide	20/01/2002	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Sigle : G.D. Forme : S.A. Capital : 45 470 212,80 euros. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47300 Villeneuve-sur-Lot. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : GINESTET (Philippe) ( Nom d'usage : GINESTET). Administrateurs : PASCUAL ( Didier) ( Nom d'usage : PASCUAL) GINESTET (Alexandre) ( Nom d'usage : GINESTET) LAMBERT (Rudolphe, Robert) ( Nom d'usage : LAMBERT). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL B.D.A. DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG (Daniel) ( Nom d'usage : CASTEIG) BUREAU D' ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES-B.E.A.S. Administrateur démissionnaire : APAX PARTNERS RAMBAUD (Jean-Louis). Nouvel administrateur : LAMBERT (Rudolphe). Date d'effet : 31 octobre 2001.
Hide	23/05/2001	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Forme : S.A. Capital : 45 470 212,80 euros. Adresse du siège social : Z. I. La Boulbène, B.P. 40, 47300 Villeneuve-sur-Lot. Commentaires : modification survenue sur l' administration. Administration : président du conseil d'administration : GINESTET (Philippe) ( Nom d'usage : GINESTET). Administrateurs : APAX PARTNERS ET COMPAGNIE VENTURES, représentée par LAMBERT (Rudolphe, Robert) ( Nom d'usage : LAMBERT) RAMBAUD (Jean-Louis, Joseph, Marie) ( Nom d'usage : RAMBAUD) PASCUAL ( Didier) ( Nom d'usage : PASCUAL) GINESTET (Alexandre) ( Nom d'usage : GINESTET). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL B.D.A. DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG (Daniel) ( Nom d' usage : CASTEIG) BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES- B.E.A.S. Ancien administrateur : STE FONDS PARTENAIRES GESTION, représentée par BALLADUR (Jérome). Date d'effet : 22 février 2001.
Hide	16/11/2000	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Forme : S.A. Capital : 45 470 212,80 euros. Activité : centrale d'achat, vente en gros de tous produits, toutes opérations relatives au commerce international et à l'exploitation de marques acquisition, cession, échange de titres de sociétés, management industriel et commercial, conseil en marketing et en organisation d'entreprise. Exploitation de marques commerciales ou de brevets par voie d' achat, de vente, de concession, de location ou de franchise. Gestion de trésorerie, de devises, opérations financières en devises, toutes opérations de transport public routier de marchandises ainsi que la location de véhicules de transport routier. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47300 Villeneuve-sur- Lot. Commentaires : modification survenue sur le capital (augmentation) et l' activité. Aux termes de l'assemblée générale extraordinaire du 2 octobre 2000, il a été décidé d'augmenter le capital social d'un montant de 241 012, 40 euros pour le porter à 45 229 200,40 euros puis à 45 470 212,80 euros. Extension de l'objet social à toutes opérations de transport public routier de marchandises ainsi que location de véhicules de transport routier. Date d'effet : 2 octobre 2000.
Hide	18/06/2000	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Forme : S.A. Capital : 45 229 200,40 euros. Adresse du siège social : Z. I. La Boulbène, B.P. 40, 47300 Villeneuve-sur-Lot. Commentaires : modification survenue sur le capital ( augmentation). Ancien capital : 38 155 140 euros. Date d'effet : 16 mars 2000.
Hide	16/04/2000	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI. Forme : S.A. Capital : 38 155 140 euros. Adresse du siège social : Z.I. La Boulbène, B.P. 40, 47300 Villeneuve- sur-Lot. Commentaires : modification survenue sur la dénomination (ancienne dénomination : GIFI DISTRIBUTION), le sigle (suppression), le capital ( augmentation avec conversion de 2 824 800 F à 38 155 140 euros), l'adresse du siège social et l'administration. Ancienne adresse : Z.I., route de Tournon, 47300 Villeneuve-sur-Lot. Administration : président du conseil d' administration : GINESTET (Philippe) ( Nom d'usage : GINESTET), en remplacement de DEMACHY (Dominique). Administrateurs : APAX PARTNERS ET COMPAGNIE VENTURES, représentée par LAMBERT (Rudolphe, Robert) ( Nom d' usage : LAMBERT) RAMBAUD (Jean-Louis, Joseph, Marie) ( Nom d'usage : RAMBAUD) FONDS PARTENAIRES GESTION-F.P.G., représentée par BALLADUR (Jérome, Jean- Marie) ( Nom d'usage : BALLADUR). Nouveaux administrateurs : PASCUAL ( Didier) ( Nom d'usage : PASCUAL) GINESTET (Alexandre) ( Nom d'usage : GINESTET). Administrateurs démissionnaires : DEMACHY (Dominique) Mme GINESTET (Martine). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL B.D.A. DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG (Daniel) ( Nom d'usage : CASTEIG) BUREAU D' ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES-B.E.A.S. Date d'effet : 21 février 2000.
Hide	16/04/2000	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI DISTRIBUTION. Sigle : G.D. Forme : S.A. Adresse du siège social : Z.I, route de Tournon, 47300 Villeneuve-sur- Lot. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration : DEMACHY (Dominique, Marcel) ( Nom d' usage : DEMACHY). Administrateurs : ROULLIER (Martine) ( Nom d'usage : GINESTET) GINESTET (Philippe) ( Nom d' usage : GINESTET) APAX PARTNERS ET COMPAGNIE VENTURES, représentée par LAMBERT (Rudolphe, Robert) ( Nom d' usage : LAMBERT) RAMBAUD (Jean-Louis, Joseph, Marie) ( Nom d'usage : RAMBAUD) . Nouvel administrateur : FONDS PARTENAIRES GESTION-F.P.G., représentée par BALLADUR (Jérome, Jean-Marie) ( Nom d'usage : BALLADUR). Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL B.D.A. DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG (Daniel) ( Nom d' usage : CASTEIG) BUREAU D'ETUDES ADMINISTRATIVES SOCIALES ET COMPTABLES- B.E.A.S., en remplacement de ROSIER ( Olivier). Date d'effet : 21 février 2000.
Hide	15/03/2000	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347410011 RC 88-B 76 GIFI DISTRIBUTION. Sigle : G.D. Forme : S.A. Adresse du siège social : Z.I. route de Tournon, 47300 Villeneuve-sur- Lot. Commentaires : modification survenue sur l'administration. Administration : président du conseil d'administration : DEMACHY (Dominique, Marcel) ( Nom d' usage : DEMACHY). Administrateurs : ROULLIER (Martine) ( Nom d'usage : GINESTET) GINESTET (Philippe) ( Nom d' usage : GINESTET) APAX PARTNERS ET COMPAGNIE VENTURES, représentée par LAMBERT (Rudolphe, Robert) ( Nom d' usage : LAMBERT) RAMBAUD (Jean-Louis, Joseph, Marie) ( Nom d'usage : RAMBAUD) . Commissaires aux comptes titulaires : GROUPE ARGOS AUDIT ET CONSEIL B.D.A. DELOITTE TOUCHE TOHMATSU. Commissaires aux comptes suppléants : CASTEIG ( Daniel) ( Nom d'usage : CASTEIG) ROSIER (Olivier) ( Nom d'usage : ROSIER). Date d'effet : 6 janvier 2000.
Hide	10/09/1997	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347 410 011 RC 88-B 76 GIFI DISTRIBUTION. Sigle : G.D. Forme : S.A. Capital : 2 824 800 F (fixe). Adresse du siège social : zone industrielle, route de Tournon, 47300 Villeneuve-sur-Lot. Administration : nomination en qualité de président du conseil d'administration de DEMACHY ( Dominique) en remplacement de GINESTET ( Philippe). Date d'effet : 21 mai 1997.
Hide	17/08/1997	Bodacc A	Création d'établissement
RCS Villeneuve-sur-Lot B 347 410 011 RC 88-B 76 GIFI DISTRIBUTION. Sigle : G.D. Forme : S.A. Capital : 2 824 800 F Objet social: acquisition, cession, échange de marques ou de brevets, gestion en trésorerie de devises et opérations financières en devises. Adresse du siège social : Z.I., route de Tournon 47300 Villeneuve-sur-Lot Fonds acquis par apport-fusion de l'actif net au montant évalué à 220 321 106 F. Commentaires : les assemblées générales extraordinaires de la S.A. GIFI DISTRIBUTION et de la S.A. GROUPE PHILIPPE GINESTET réunies le 29 mars 1997 ont modifié et approuvé le projet de fusion et ses annexes qui a été conclu entre elles. Ancien capital : 2 713 920 F. Modification survenue sur l' objet social. Date d'effet : 29 mars 1997. Précédent propriétaire : SOCIETE GROUPE PHILIPPE GINESTET Publication légale: Le Citoyen libre du 2 mai 1997.
Hide	29/04/1997	Bodacc B	Modifications et mutations diverses
RCS Villeneuve-sur-Lot B 347 410 011 RC 88-B 76 GIFI DISTRIBUTION. Sigle : G.D. Forme : S.A. Capital : 2 713 920 F (fixe). Adresse du siège social : zone industrielle, route de Tournon, 47300 Villeneuve-sur-Lot. Administration : nomination en qualité d'administrateur de DEMACHY (Dominique), en remplacement de LABORDE (Bernard). Date d'effet : 10 janvier 1997.

Company events history

Date	Description
08/09/2017	Bodacc B: Various editing or changing
28/08/2017	Amendment
28/08/2017	Updated articles of association
16/06/2017	Minutes of general meeting of shareholders
06/05/2017	Bodacc C : Deposit accounts notice
28/04/2017	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/09/2016	New accounts available
25/04/2016	Bodacc C : Deposit accounts notice
19/04/2016	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
12/11/2015	Bodacc B: Various editing or changing
29/10/2015	Updated articles of association
29/10/2015	Amendment
30/09/2015	New accounts available
27/09/2015	Bodacc B: Various editing or changing
03/09/2015	Minutes of general meeting of shareholders
18/08/2015	Minutes of general meeting of shareholders
17/08/2015	Legal Gazette: Appointment of the social representative
12/08/2015	Bodacc B: Various editing or changing
22/07/2015	Amendment
22/07/2015	Updated articles of association
28/06/2015	Bodacc B: Various editing or changing
08/06/2015	Updated articles of association
08/06/2015	Minutes of general meeting of shareholders
08/06/2015	Minutes of Board meeting
04/06/2015	Legal Gazette: Resignation / Revocation of the social representative
08/05/2015	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/04/2015	Bodacc C : Deposit accounts notice
24/03/2015	Update of Company Legal Form
24/03/2015	Legal Gazette: Appointment of the social representative
10/12/2014	Bodacc B: Various editing or changing
24/11/2014	Capital reduction
24/11/2014	Amendment
06/10/2014	Payment incident closed
30/09/2014	New accounts available
30/09/2014	New consolidated accounts available
07/07/2014	Capital reduction
18/06/2014	Invalid balance sheet
02/05/2014	Disengagement in other companies
30/04/2014	Bodacc C : Deposit accounts notice
18/04/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
26/12/2013	Bodacc B: Various editing or changing
04/12/2013	Updated articles of association
04/12/2013	Amendment
04/12/2013	Capital reduction
05/11/2013	Other modification of Establishment
30/09/2013	New accounts available
31/07/2013	Invalid balance sheet
12/06/2013	Bodacc B: Various editing or changing
20/05/2013	Minutes of Board meeting
20/05/2013	Capital reduction
20/05/2013	Updated articles of association
24/04/2013	Bodacc C : Deposit accounts notice
18/04/2013	New auditor
18/04/2013	Minutes of general meeting of shareholders
16/04/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
12/04/2013	Other modification of Establishment
21/03/2013	Minutes of general meeting of shareholders
19/03/2013	Legal Gazette: Modification of the share capital
27/12/2012	Bodacc B: Various editing or changing
05/12/2012	Capital reduction
05/12/2012	Amendment
05/12/2012	Updated articles of association
14/11/2012	Bodacc B: Various editing or changing
06/11/2012	Legal Gazette: Modification of the share capital
06/11/2012	Other modification of Establishment
16/10/2012	Minutes of general meeting of shareholders
02/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/09/2012	New accounts available
30/09/2012	New consolidated accounts available
06/09/2012	Minutes of general meeting of shareholders
28/08/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
02/07/2012	Payment incident detected
02/07/2012	Bodacc C : Deposit accounts notice
29/05/2012	Bodacc C : Deposit accounts notice
26/03/2012	Legal Gazette: Modification of the share capital
26/03/2012	Legal Gazette: Appointment of the social representative
03/02/2012	Disengagement in other companies
30/09/2011	New accounts available
13/07/2011	Bodacc B: Various editing or changing
01/07/2011	Update of participations in other companies
23/06/2011	Amendment
23/06/2011	Updated articles of association
23/06/2011	Minutes of Board meeting
23/06/2011	Capital reduction
13/05/2011	Bodacc C : Deposit accounts notice
10/05/2011	Other modification of Establishment
06/05/2011	Update of participations in other companies
30/04/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
11/04/2011	Minutes of general meeting of shareholders
03/12/2010	Update of participations in other companies
03/12/2010	Disengagement in other companies
03/12/2010	New subsidiarie(s) detected
15/10/2010	Disengagement in other companies
30/09/2010	Formation of Establishment
30/09/2010	New accounts available
21/06/2010	Bodacc C : Deposit accounts notice
06/04/2010	Update of participations in other companies
06/04/2010	Disengagement in other companies
17/12/2009	Bodacc B: Various editing or changing
30/09/2009	New accounts available
17/09/2009	Bodacc A : Sale and transfer
01/09/2009	Bodacc A : Sale and transfer
25/07/2009	Bodacc C : Deposit accounts notice
12/06/2009	Closure of Establishment
12/06/2009	Bodacc A : Sale and transfer
02/06/2009	Bodacc A : Sale and transfer
14/05/2009	Collection of preferential rights activated for this company
16/04/2009	Formation of Establishment
12/04/2009	Bodacc B: Various editing or changing
12/03/2009	Minutes of Board meeting
12/03/2009	Amendment
01/01/2009	Private document
01/01/2009	Minutes of Board meeting
01/01/2009	Appointment/resignation of company officers
30/09/2008	New accounts available
05/06/2008	Bodacc C : Deposit accounts notice
30/09/2007	New accounts available
30/09/2006	New accounts available
30/09/2005	New accounts available
08/09/2005	Private document
08/09/2005	Planned merger
08/09/2005	Amendment
09/08/2005	Minutes of Board meeting
09/08/2005	Amendment
09/08/2005	Private document
09/08/2005	Minutes of general meeting of shareholders
26/07/2005	Updated articles of association
26/07/2005	Minutes of Board meeting
26/07/2005	Capital reduction
26/07/2005	Amendment
26/07/2005	Private document
14/04/2005	Private document
14/04/2005	Minutes of general meeting of shareholders
14/04/2005	Updated articles of association
13/04/2005	Updated articles of association
13/04/2005	Minutes of general meeting of shareholders
24/01/2005	Change to corporate purpose
24/01/2005	Declaration of conformity
24/01/2005	Minutes of general meeting of shareholders
24/01/2005	Private document
24/01/2005	Updated articles of association
20/12/2004	Amendment
20/12/2004	Audit or Management Report
20/12/2004	Private document
19/11/2004	Private document
19/11/2004	Amendment
19/11/2004	Planned merger
30/09/2004	New accounts available
28/04/2004	Minutes of general meeting of shareholders
28/04/2004	Private document
28/04/2004	Amendment
28/04/2004	Change to corporate purpose
28/04/2004	Commencement or resumption of business
28/04/2004	Updated articles of association
20/10/2003	Private document
20/10/2003	Minutes of Board meeting
20/10/2003	Changes to the Board of Directors
20/10/2003	Appointment/resignation of company officers
20/10/2003	Amendment
20/10/2003	Minutes of general meeting of shareholders
13/10/2003	Minutes of general meeting of shareholders
13/10/2003	Amendment
13/10/2003	Private document
30/09/2003	New accounts available
29/08/2003	Amendment
29/08/2003	Appointment/resignation of company officers
29/08/2003	Minutes of Board meeting
29/08/2003	Private document
29/08/2003	New chairman (CEO, CoB)
23/06/2003	Private document
23/06/2003	Sale of shares
23/06/2003	Amendment
24/04/2002	Minutes of Board meeting
24/04/2002	New chairman (CEO, CoB)
24/04/2002	Appointment/resignation of company officers
24/04/2002	Private document
24/04/2002	Amendment
12/04/2002	Amendment
12/04/2002	Private document
12/04/2002	Updated articles of association
12/04/2002	Minutes of general meeting of shareholders
14/02/2002	Minutes of Board meeting
14/02/2002	Changes to the Board of Directors
14/02/2002	Appointment/resignation of company officers
14/02/2002	Amendment
14/02/2002	Private document
18/12/2001	Amendment
18/12/2001	Appointment/resignation of company officers
18/12/2001	Changes to the Board of Directors
18/12/2001	Private document
18/12/2001	Minutes of Board meeting
18/04/2001	Minutes of Board meeting
18/04/2001	Amendment
18/04/2001	Appointment/resignation of company officers
18/04/2001	Changes to the Board of Directors
18/04/2001	Private document
30/10/2000	Amendment
30/10/2000	Capital increase
30/10/2000	Change to corporate purpose
30/10/2000	Minutes of general meeting of shareholders
30/10/2000	Updated articles of association
30/10/2000	Private document
22/09/2000	Amendment
22/09/2000	Audit or Management Report
22/09/2000	Private document
30/05/2000	Private document
30/05/2000	Minutes of Board meeting
30/05/2000	Capital increase
30/05/2000	Updated articles of association
30/05/2000	Amendment
30/03/2000	Amendment
30/03/2000	Capital increase
30/03/2000	Declaration of conformity
30/03/2000	Minutes of Board meeting
30/03/2000	New company name
30/03/2000	Updated articles of association
30/03/2000	Registered office transferred inside jurisdiction of the Commercial Court
27/03/2000	Amendment
27/03/2000	Appointment/resignation of company officers
27/03/2000	Minutes of general meeting of shareholders
27/03/2000	New auditor
27/03/2000	Private document
27/03/2000	Changes to the Board of Directors
25/02/2000	Changes to the Board of Directors
25/02/2000	Minutes of general meeting of shareholders
25/02/2000	Appointment/resignation of company officers
25/02/2000	Amendment
25/02/2000	Private document
21/02/2000	Modification to Establishment Address or Identifier
14/02/2000	Amendment
14/02/2000	Audit or Management Report
14/02/2000	Private document
19/01/2000	Planned merger
19/01/2000	Amendment
19/01/2000	Private document
22/10/1998	Sale of shares
22/10/1998	Private document
31/07/1997	Appointment/resignation of company officers
31/07/1997	Changes to the Board of Directors
31/07/1997	Minutes of Board meeting
31/07/1997	New chairman (CEO, CoB)
31/07/1997	Private document
31/07/1997	Amendment
23/06/1997	Amendment
23/06/1997	Capital increase
23/06/1997	Change to corporate purpose
23/06/1997	Declaration of conformity
23/06/1997	Minutes of general meeting of shareholders
23/06/1997	Updated articles of association
23/06/1997	Private document
25/03/1997	Audit or Management Report
25/03/1997	Amendment
25/03/1997	Private document
05/03/1997	Amendment
05/03/1997	Private document
05/03/1997	Minutes of general meeting of shareholders
05/03/1997	Changes to the Board of Directors
05/03/1997	Appointment/resignation of company officers
24/02/1997	Amendment
24/02/1997	Minutes of general meeting of shareholders
24/02/1997	Appointment/resignation of company officers
24/02/1997	Private document
24/02/1997	New auditor
18/02/1997	Merger
18/02/1997	Private document
18/02/1997	Amendment
28/11/1996	Amendment
28/11/1996	Capital increase
28/11/1996	Change affecting the goodwill
28/11/1996	Minutes of general meeting of shareholders
28/11/1996	Private document
28/11/1996	Updated articles of association
28/11/1996	Minutes of Board meeting
09/09/1996	Minutes of general meeting of shareholders
09/09/1996	Appointment/resignation of company officers
09/09/1996	Amendment
09/09/1996	New auditor
01/04/1996	Amendment
01/04/1996	Minutes of general meeting of shareholders

Establishment events history

Date	Description
30/09/2015	Modification of Head office
18/06/2015	Modification of Head office
24/03/2015	Modification of Head office
30/09/2014	Modification of Head office
22/02/2014	Update of phone numbers
26/12/2013	Update of phone numbers
06/11/2012	Modification of Head office
10/05/2011	Modification of Head office
30/09/2010	Modification of Head office
12/06/2009	Modification of Head office
16/04/2009	Modification of Head office
21/02/2000	Update of Establishment Address
21/02/2000	Modification of Head office Identification

Financials

Synthesized Accounts

Annual Accounts

	30/09/2016	30/09/2015	30/09/2014
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	27/04/2017	18/04/2016	07/05/2015
Activity Code	8299Z	8299Z	8299Z
Employees	0	0	325

Active account

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Capital not called	0 0 K	0%	0 0 K	0%	0 0 K	2,782.38 2.78 K	0%	0 0 K	0%
Total fixed assets	319,071,322 319,071 K	10.9%	287,598,000 287,598 K	-8.8%	315,199,703 315,200 K	2,363,328.75 2,363.33 K	13400.9%	9,300 9 K	3430774.4%
Intangible assets	56,195,019 56,195 K	8.0%	52,016,000 52,016 K	1.1%	51,428,729 51,429 K	791,875.55 791.88 K	6996.4%	0 0 K	0%
Tangible assets	7,269,473 7,269 K	4.9%	6,930,000 6,930 K	17.0%	5,922,422 5,922 K	215,789.31 215.79 K	3268.8%	1,189 1 K	611293.9%
Financial assets	255,606,825 255,607 K	11.8%	228,652,000 228,652 K	-11.3%	257,848,553 257,849 K	1,355,909.63 1,355.91 K	18751.3%	144 0 K	177504639.6%
Net current assets	335,402,668 335,403 K	48.4%	226,088,000 226,088 K	52.7%	148,056,683 148,057 K	3,206,625.46 3,206.63 K	10359.7%	94,450 94 K	355011.3%
Stocks	2,709,818 2,710 K	-3.4%	2,806,000 2,806 K	-15.7%	3,326,873 3,327 K	28,870.57 28.87 K	9286.1%	0 0 K	0%
Advanced payments	69,520 70 K	0%	0 0 K	0%	273,518 274 K	7,461.53 7.46 K	831.7%	0 0 K	0%
Receivables	273,632,295 273,632 K	47.5%	185,502,000 185,502 K	38.5%	133,902,473 133,902 K	2,738,928.84 2,738.93 K	9890.5%	33,806 34 K	809319.3%
Securities and cash	58,991,032 58,991 K	56.1%	37,780,000 37,780 K	258.0%	10,553,819 10,554 K	431,108.36 431.11 K	13583.6%	27,456 27 K	214756.6%
Prepaid expenses	- -	-	- -	-	- -	889.76 0.89 K	-	0 0 K	-
Accounts of regularization	0 0 K	0%	0 0 K	0%	0 0 K	4,674.63 4.67 K	0%	0 0 K	0%
Total Assets	654,473,991 654,474 K	27.4%	513,686,000 513,686 K	10.9%	463,256,386 463,256 K	5,575,256.44 5,575.26 K	11638.9%	139,037 139 K	470619.3%

Passive Account

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Shareholders' equity	463,477,466 463,477 K	14.3%	405,484,000 405,484 K	11.4%	364,039,525 364,040 K	1,507,564.52 1,507.56 K	30643.5%	48,044 48 K	964593.8%
Share capital	42,180,740 42,181 K	0.0%	42,181,000 42,181 K	1.2%	41,678,254 41,678 K	546,522.03 546.52 K	7618.0%	8,000 8 K	527159.3%
Other capital resources	0 0 K	0%	0 0 K	0%	0 0 K	5,666.58 5.67 K	0%	0 0 K	0%
Risk Provisions	33,768,612 33,769 K	-33.7%	50,971,000 50,971 K	3.4%	49,296,163 49,296 K	132,471.71 132.47 K	25391.2%	0 0 K	0%
Liabilities	157,227,911 157,228 K	174.7%	57,231,000 57,231 K	14.6%	49,920,698 49,921 K	3,929,565.40 3,929.57 K	3901.2%	59,472 59 K	264273.0%
Financial liabilities	129,182,773 129,183 K	419.2%	24,880,000 24,880 K	-10.6%	27,834,718 27,835 K	2,925,322.77 2,925.32 K	4316.0%	3,578 4 K	3610374.4%
Advanced payments received	0 0 K	0%	0 0 K	0%	1,188,658 1,189 K	10,616.50 10.62 K	0%	0 0 K	0%
Trade account payables	10,418,143 10,418 K	-18.0%	12,701,000 12,701 K	4.0%	12,213,051 12,213 K	324,312.52 324.31 K	3112.4%	5,246 5 K	198492.1%
Tax and social liabilities	6,221,670 6,222 K	0%	0 0 K	0%	8,024,815 8,025 K	262,498.00 262.50 K	2270.2%	22,309 22 K	27788.6%
Other debts and fixed assets liabilities	11,405,322 11,405 K	-42.0%	19,650,000 19,650 K	2879.7%	659,457 659 K	425,119.94 425.12 K	2582.8%	2,498 2 K	456478.1%
Account regularization	0 0 K	0%	0 0 K	0%	0 0 K	82,796.42 82.80 K	0%	0 0 K	0%
Total liabilities	654,473,986 654,474 K	27.4%	513,686,000 513,686 K	10.9%	463,256,386 463,256 K	5,575,343.89 5,575.34 K	11638.7%	138,952 139 K	470907.2%

Results

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Sales of Goods	186,194,754 186,195 K	7.0%	173,953,000 173,953 K	9.0%	159,586,382 159,586 K	1,721,060.76 1,721.06 K	10718.6%	121,790 122 K	152781.8%
Net turnover	149,569,597 149,570 K	-0.8%	150,760,000 150,760 K	8.2%	139,320,478 139,320 K	1,581,325.98 1,581.33 K	9358.5%	116,018 116 K	128819.3%
of which net export turnover	1,106,725 1,107 K	0%	0 0 K	0%	1,894,602 1,895 K	197,748.39 197.75 K	459.7%	0 0 K	0%
Operating charges	111,433,088 111,433 K	6.1%	105,041,000 105,041 K	0.5%	104,527,907 104,528 K	1,653,705.37 1,653.71 K	6638.4%	108,647 109 K	102464.3%
Operating profit/loss	74,761,666 74,762 K	8.5%	68,912,000 68,912 K	25.2%	55,058,475 55,058 K	67,329.63 67.33 K	110938.3%	5,638 6 K	1325931.7%
Financial income	22,586,229 22,586 K	19.9%	18,836,000 18,836 K	52.3%	12,365,927 12,366 K	307,055.96 307.06 K	7255.7%	0 0 K	0%
Financial charges	649,370 649 K	-92.4%	8,567,000 8,567 K	-4.7%	8,988,367 8,988 K	227,125.96 227.13 K	185.9%	7 0 K	9276614.3%
Financial profit/loss	21,936,859 21,937 K	113.6%	10,269,000 10,269 K	204.0%	3,377,560 3,378 K	79,929.86 79.93 K	27345.1%	0 0 K	0%
Pretax net operating income	96,698,525 96,699 K	22.1%	79,181,000 79,181 K	35.5%	58,436,035 58,436 K	152,031.91 152.03 K	63504.1%	6,974 7 K	1386457.6%
Extraordinary income	3,073,802 3,074 K	0%	0 0 K	0%	3,171,356 3,171 K	29,563.86 29.56 K	10297.2%	0 0 K	0%
Extraordinary charges	315,203 315 K	-89.4%	2,969,000 2,969 K	-59.9%	7,402,605 7,403 K	26,580.57 26.58 K	1085.8%	0 0 K	0%
Extraordinary profit/loss	2,758,599 2,759 K	192.9%	-2,969,000 -2,969 K	29.8%	-4,231,249 -4,231 K	2,983.28 2.98 K	92368.7%	0 0 K	0%
Net result	73,466,460 73,466 K	57.4%	46,682,000 46,682 K	38.3%	33,762,292 33,762 K	139,190.98 139.19 K	52681.0%	6,438 6 K	1141037.9%

Accounts - Active

Normal Account

	30/09/2016	30/09/2015	30/09/2014
Months	12	12	12

Grand Total - Active Accounts (I to VI)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Grand Total (I to VI)	Net	654,473,991 654,474 K	27.4%	513,686,000 513,686 K	10.9%	463,256,386 463,256 K
Gross	CO	734,235,988 734,236 K	24.5%	589,581,000 589,581 K	11.7%	527,792,075 527,792 K
Amortisation	1A	79,761,997 79,762 K	5.1%	75,895,000 75,895 K	17.6%	64,535,689 64,536 K

Non declared distributed capital (I)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total Active fixed asset (II)	Net	319,071,322 319,071 K	10.9%	287,598,000 287,598 K	-8.8%	315,199,703 315,200 K
Gross	BJ	394,056,963 394,057 K	9.8%	358,804,000 358,804 K	-4.5%	375,835,697 375,836 K
Amortisation	BK	74,985,641 74,986 K	5.3%	71,206,000 71,206 K	17.4%	60,635,994 60,636 K

Intangible fixed assets

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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	5,002,483 5,002 K	0%	0 0 K	0%	1,302,303 1,302 K
Gross	AF	17,315,686 17,316 K	0%	0 0 K	0%	10,761,043 10,761 K
Amortisation	AG	12,313,202 12,313 K	0%	0 0 K	0%	9,458,741 9,459 K
Goodwill	Net	48,980,887 48,981 K	0%	0 0 K	0%	48,980,888 48,981 K
Gross	AH	48,980,887 48,981 K	0%	0 0 K	0%	48,980,888 48,981 K
Amortisation	AI	0 0 K	0%	0 0 K	0%	0 0 K
Other intangible fixed assets	Net	2,211,649 2,212 K	0%	0 0 K	0%	1,145,538 1,146 K
Gross	AJ	2,211,649 2,212 K	0%	0 0 K	0%	1,145,538 1,146 K
Amortisation	AK	0 0 K	0%	0 0 K	0%	0 0 K
Pre-payments and downpayments	Net	0 0 K	0%	52,016,000 52,016 K	0%	0 0 K
Gross	AL	0 0 K	0%	62,718,000 62,718 K	0%	0 0 K
Amortisation	AM	0 0 K	0%	10,702,000 10,702 K	0%	0 0 K
Sub Total Intangible asset	Net	56,195,019 56,195 K	8.0%	52,016,000 52,016 K	1.1%	51,428,729 51,429 K

Tangible fixed assets

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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	6,482 6 K	0%	0 0 K	0%	16,510 17 K
Gross	AR	183,585 184 K	0%	0 0 K	0%	178,269 178 K
Amortisation	AS	177,103 177 K	0%	0 0 K	0%	161,759 162 K
Other tangible fixed assets	Net	6,716,777 6,717 K	-3.1%	6,930,000 6,930 K	17.3%	5,905,912 5,906 K
Gross	AT	27,939,812 27,940 K	9.3%	25,568,000 25,568 K	18.2%	21,634,406 21,634 K
Amortisation	AU	21,223,035 21,223 K	13.9%	18,638,000 18,638 K	18.5%	15,728,494 15,728 K
Fixed assets in construction	Net	546,214 546 K	0%	0 0 K	0%	0 0 K
Gross	AV	546,214 546 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	7,269,473 7,269 K	4.9%	6,930,000 6,930 K	17.0%	5,922,422 5,922 K

Financial assets

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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	253,639,417 253,639 K	10.9%	228,652,000 228,652 K	-2.5%	234,560,634 234,561 K
Gross	CU	285,442,899 285,443 K	5.5%	270,518,000 270,518 K	3.9%	260,334,858 260,335 K
Amortisation	CV	31,803,482 31,803 K	-24.0%	41,866,000 41,866 K	62.4%	25,774,224 25,774 K
Inter-company receivables	Net	1,916,003 1,916 K	0%	0 0 K	0%	9,847,604 9,848 K
Gross	BB	11,384,821 11,385 K	0%	0 0 K	0%	19,360,380 19,360 K
Amortisation	BC	9,468,818 9,469 K	0%	0 0 K	0%	9,512,776 9,513 K
Other investment securities	Net	433 0 K	0%	0 0 K	0%	13,417,769 13,418 K
Gross	BD	433 0 K	0%	0 0 K	0%	13,417,769 13,418 K
Amortisation	BE	0 0 K	0%	0 0 K	0%	0 0 K
Loans	Net	37,445 37 K	0%	0 0 K	0%	5,019 5 K
Gross	BF	37,445 37 K	0%	0 0 K	0%	5,019 5 K
Amortisation	BG	0 0 K	0%	0 0 K	0%	0 0 K
Other financial assets	Net	13,527 14 K	0%	0 0 K	0%	17,527 18 K
Gross	BH	13,527 14 K	0%	0 0 K	0%	17,527 18 K
Amortisation	BI	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Financial assets	Net	255,606,825 255,607 K	11.8%	228,652,000 228,652 K	-11.3%	257,848,553 257,849 K

Current Assets (III)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total Current Assets	Net	335,402,668 335,403 K	48.4%	226,088,000 226,088 K	52.7%	148,056,683 148,057 K
Gross	CJ	340,179,025 340,179 K	47.4%	230,777,000 230,777 K	51.9%	151,956,378 151,956 K
Amortisation	CK	4,776,356 4,776 K	1.9%	4,689,000 4,689 K	20.2%	3,899,695 3,900 K

Stocks

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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	2,709,818 2,710 K	-3.4%	2,806,000 2,806 K	-15.7%	3,326,873 3,327 K
Gross	BT	3,010,909 3,011 K	-2.8%	3,097,000 3,097 K	-17.1%	3,738,059 3,738 K
Amortisation	BU	301,090 301 K	3.5%	291,000 291 K	-29.2%	411,187 411 K
Sub Total Stocks	Net	2,709,818 2,710 K	-3.4%	2,806,000 2,806 K	-15.7%	3,326,873 3,327 K

Advance payments to suppliers

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Advance payments to suppliers	Net	69,520 70 K	0%	0 0 K	0%	273,518 274 K
Gross	BV	69,520 70 K	0%	0 0 K	0%	273,518 274 K
Amortisation	BW	0 0 K	0%	0 0 K	0%	0 0 K

Debtors

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Trade accounts receivable	Net	29,304,300 29,304 K	-24.2%	38,675,000 38,675 K	16.1%	33,310,312 33,310 K
Gross	BX	33,779,566 33,780 K	-21.5%	43,025,000 43,025 K	17.3%	36,672,891 36,673 K
Amortisation	BY	4,475,265 4,475 K	2.9%	4,350,000 4,350 K	29.4%	3,362,579 3,363 K
Other debtors	Net	242,847,966 242,848 K	67.5%	145,002,000 145,002 K	46.5%	98,987,138 98,987 K
Gross	BZ	242,847,966 242,848 K	67.5%	145,002,000 145,002 K	46.5%	98,987,138 98,987 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	272,152,266 272,152 K	48.2%	183,677,000 183,677 K	38.8%	132,297,450 132,297 K

Divers

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Investment securities	Net	0 0 K	0%	0 0 K	0%	380,129 380 K
Gross	CD	0 0 K	0%	48,000 48 K	-90.5%	506,058 506 K
Amortisation	CE	0 0 K	0%	48,000 48 K	-61.9%	125,929 126 K
Cash and cash equivalents	Net	58,991,032 58,991 K	56.1%	37,780,000 37,780 K	271.4%	10,173,690 10,174 K
Gross	CF	58,991,032 58,991 K	56.1%	37,780,000 37,780 K	271.4%	10,173,690 10,174 K
Amortisation	CG	0 0 K	0%	0 0 K	0%	0 0 K
Sub Total Divers	Net	58,991,032 58,991 K	56.1%	37,780,000 37,780 K	258.0%	10,553,819 10,554 K

Prepaid expenses

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Prepaid expenses	Net	1,480,029 1,480 K	-18.9%	1,825,000 1,825 K	13.7%	1,605,023 1,605 K
Gross	CH	1,480,029 1,480 K	-18.9%	1,825,000 1,825 K	13.7%	1,605,023 1,605 K
Amortisation	CI	0 0 K	0%	0 0 K	0%	0 0 K

Equalization accounts (IV to VI)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Grand Total (I to V)	EE	654,473,986 654,474 K	27.4%	513,686,000 513,686 K	10.9%	463,256,386 463,256 K

Shareholder Equity (I)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total shareholders' equity (Total I)	DL	463,477,466 463,477 K	14.3%	405,484,000 405,484 K	11.4%	364,039,525 364,040 K
Equity and shareholders' equity	DA	42,180,740 42,181 K	0.0%	42,181,000 42,181 K	1.2%	41,678,254 41,678 K
Issue and merger premiums	DB	13,530,554 13,531 K	-95.7%	316,621,000 316,621 K	2919.4%	10,486,161 10,486 K
Revaluation differentials	DC	4,476,151 4,476 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	0 0 K	0%	0 0 K	0%	4,476,152 4,476 K
Statutory or contractual reserve	DE	0 0 K	0%	0 0 K	0%	0 0 K
Special regulated reserves	DF	25,891 26 K	0%	0 0 K	0%	25,892 26 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	329,762,778 329,763 K	0%	0 0 K	0%	273,610,775 273,611 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	73,466,460 73,466 K	57.4%	46,682,000 46,682 K	38.3%	33,762,292 33,762 K
Investment grants	DJ	0 0 K	0%	0 0 K	0%	0 0 K
Special tax-allowable reserves	DK	34,889 35 K	0%	0 0 K	0%	0 0 K

Other capital resources (II)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total provisions for risks and charges (Total III)	DR	33,768,612 33,769 K	-33.7%	50,971,000 50,971 K	3.4%	49,296,163 49,296 K
Risk provisions	DP	33,768,612 33,769 K	-33.7%	50,971,000 50,971 K	3.4%	49,287,574 49,288 K
Reserves for charges	DQ	0 0 K	0%	0 0 K	0%	8,589 9 K

Liabilities (IV)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total Liabilities (Total IV)	EC	157,227,911 157,228 K	174.7%	57,231,000 57,231 K	14.6%	49,920,698 49,921 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	50,139,080 50,139 K	101.5%	24,880,000 24,880 K	24.3%	20,021,499 20,021 K
Sundry loans and financial liabilities	DV	79,043,693 79,044 K	0%	0 0 K	0%	7,813,219 7,813 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%	1,188,658 1,189 K
Trade accounts payables	DX	10,418,143 10,418 K	-18.0%	12,701,000 12,701 K	4.0%	12,213,051 12,213 K
Tax and social security liabilities	DY	6,221,670 6,222 K	0%	0 0 K	0%	8,024,815 8,025 K
Fixed asset liabilities	DZ	2,202,326 2,202 K	0%	0 0 K	0%	601,870 602 K
Other debts	EA	9,202,996 9,203 K	-53.2%	19,650,000 19,650 K	34022.3%	57,587 58 K

Translation loss (V)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Translation loss (Total V)	ED	0 0 K	0%	0 0 K	0%	0 0 K

Equalization accounts

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Deferred income	EB	0 0 K	0%	0 0 K	0%	0 0 K

References

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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%	0 0 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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Operating result (Total I-II)	GG	74,761,666 74,762 K	8.5%	68,912,000 68,912 K	25.2%	55,058,475 55,058 K

2 - Financial result (V-VI)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Financial result (Total V-VI)	GV	21,936,859 21,937 K	113.6%	10,269,000 10,269 K	204.0%	3,377,560 3,378 K

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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	96,698,525 96,699 K	22.1%	79,181,000 79,181 K	35.5%	58,436,035 58,436 K

4 - Extraordinary result (VII-VIII)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Extraordinary result (Total VII-VIII)	HI	2,758,599 2,759 K	192.9%	-2,969,000 -2,969 K	29.8%	-4,231,249 -4,231 K

Profit or loss

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Profit or loss	HN	73,466,460 73,466 K	57.4%	46,682,000 46,682 K	38.3%	33,762,292 33,762 K

Total Income (I+III+V+VII)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total Income (Total I+III+V+VII)	HL	211,854,785 211,855 K	9.9%	192,789,000 192,789 K	10.1%	175,123,665 175,124 K

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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total Charges (Total II+IV+VI+VIII+IX+X)	HM	138,388,325 138,388 K	-5.3%	146,108,000 146,108 K	3.4%	141,361,373 141,361 K

Operating income (I)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total operating income (Total I)	FR	186,194,754 186,195 K	7.0%	173,953,000 173,953 K	9.0%	159,586,382 159,586 K

Operating income (details)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Sale of goods for resale	FC	18,315,470 18,315 K	0%	0 0 K	0%	18,900,348 18,900 K
France	FA	18,232,070 18,232 K	0%	0 0 K	0%	18,467,182 18,467 K
Export	FB	83,400 83 K	0%	0 0 K	0%	433,166 433 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	131,254,127 131,254 K	-12.9%	150,760,000 150,760 K	25.2%	120,420,130 120,420 K
France	FG	130,230,802 130,231 K	-13.6%	150,760,000 150,760 K	26.7%	118,958,694 118,959 K
Export	FH	1,023,325 1,023 K	0%	0 0 K	0%	1,461,436 1,461 K
Net turnover	FL	149,569,597 149,570 K	-0.8%	150,760,000 150,760 K	8.2%	139,320,478 139,320 K
France	FJ	148,462,872 148,463 K	-1.5%	150,760,000 150,760 K	9.7%	137,425,876 137,426 K
Export	FK	1,106,725 1,107 K	0%	0 0 K	0%	1,894,602 1,895 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	4,543 5 K	0%	0 0 K	0%	4,000 4 K
Release of reserves and provisions	FP	15,468,289 15,468 K	0%	0 0 K	0%	1,776,040 1,776 K
Other income	FQ	21,152,325 21,152 K	-8.8%	23,193,000 23,193 K	25.5%	18,485,864 18,486 K

Operating charges (II)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total operating charges (Total II)	GF	111,433,088 111,433 K	6.1%	105,041,000 105,041 K	0.5%	104,527,907 104,528 K

Exploitation charges

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Purchase of goods for resale	FS	15,528,404 15,528 K	-1.3%	15,739,000 15,739 K	-13.5%	18,190,096 18,190 K
Change in stocks of goods for resale	FT	-97,566 -98 K	0%	0 0 K	0%	-1,146,405 -1,146 K
Purchase of raw materials	FU	0 0 K	0%	0 0 K	0%	11,242 11 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	69,952,619 69,953 K	10.8%	63,131,000 63,131 K	1.6%	62,160,918 62,161 K
Tax, duty and similar payments	FX	2,200,683 2,201 K	-0.3%	2,208,000 2,208 K	-3.6%	2,291,407 2,291 K
Payroll	FY	11,905,058 11,905 K	-27.2%	16,362,000 16,362 K	49.9%	10,911,779 10,912 K
Social security costs	FZ	4,807,254 4,807 K	0%	0 0 K	0%	4,395,772 4,396 K

Depreciation

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Depreciation of fixed assets	GA	4,788,008 4,788 K	-33.2%	7,168,000 7,168 K	90.3%	3,766,594 3,767 K
Amortisation of fixed assets	GB	0 0 K	0%	0 0 K	0%	0 0 K
Depreciation/amortisation of current assets	GC	630,538 631 K	0%	0 0 K	0%	648,397 648 K
Provisions for risks and charges	GD	714,843 715 K	0%	0 0 K	0%	2,960,488 2,960 K

Other charges

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Other charges	GE	1,003,247 1,003 K	131.7%	433,000 433 K	28.3%	337,619 338 K

Operating charges (III-IV)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total financial income (Total V)	GP	22,586,229 22,586 K	19.9%	18,836,000 18,836 K	52.3%	12,365,927 12,366 K
Share financial income	GJ	20,303,394 20,303 K	0%	0 0 K	0%	11,149,258 11,149 K
Other investment income & capitalised receivables	GK	2 0 K	0%	0 0 K	0%	67 0 K
Other interest and similar income	GL	909,099 909 K	-95.2%	18,836,000 18,836 K	2350.7%	768,604 769 K
Released provisions and transferred charges	GM	1,208,210 1,208 K	0%	0 0 K	0%	141,885 142 K
Exchange gains	GN	1,151 1 K	0%	0 0 K	0%	0 0 K
Net income from disposal of investment securities	GO	164,373 164 K	0%	0 0 K	0%	306,113 306 K

Financial charge (VI)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total financial charge (Total VI)	GU	649,370 649 K	-92.4%	8,567,000 8,567 K	-4.7%	8,988,367 8,988 K
Financial reserves and provisions	GQ	268,381 268 K	0%	0 0 K	0%	7,610,917 7,611 K
Interest and similar charges	GR	332,415 332 K	-96.1%	8,567,000 8,567 K	1503.5%	534,267 534 K
Exchange losses	GS	1,039 1 K	0%	0 0 K	0%	30,351 30 K
Net loss from disposal of investment securities	GT	47,535 48 K	0%	0 0 K	0%	812,832 813 K

Extraordinary income (VII)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total extraordinary income (Total VII)	HD	3,073,802 3,074 K	0%	0 0 K	0%	3,171,356 3,171 K
Extraordinary operating income	HA	0 0 K	0%	0 0 K	0%	1,250 1 K
Extraordinary income from capital transactions	HB	62,291 62 K	0%	0 0 K	0%	90,106 90 K
Released provisions and transferred charges	HC	3,011,511 3,012 K	0%	0 0 K	0%	3,080,000 3,080 K

Extraordinary charges (VIII)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total extraordinary charges (Total VIII)	HH	315,203 315 K	-89.4%	2,969,000 2,969 K	-59.9%	7,402,605 7,403 K
Extraordinary operating charges	HE	878 1 K	-100.0%	2,969,000 2,969 K	8950.2%	32,806 33 K
Extraordinary charges from capital transactions	HF	279,436 279 K	0%	0 0 K	0%	43,498 43 K
Extraordinary reserves and provisions	HG	34,889 35 K	0%	0 0 K	0%	7,326,301 7,326 K

Employee profit sharing (IX)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Employee profit sharing (Total IX)	HJ	1,581,650 1,582 K	-13.9%	1,836,000 1,836 K	53.4%	1,196,749 1,197 K

Tax on profits (X)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Tax on profits (Total X)	HK	24,409,014 24,409 K	-11.9%	27,695,000 27,695 K	43.9%	19,245,745 19,246 K

References

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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	0 0 K	0%	0 0 K	0%	0 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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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)

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Gross value	VT	289,543,351 289,543 K	0%	0 0 K	0%	0 0 K
1 year at most	VU	278,145,003 278,145 K	0%	0 0 K	0%	0 0 K
More than one year	VV	11,398,348 11,398 K	0%	0 0 K	0%	0 0 K

State of loans

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Claims related to holdings (gross)	UL	11,384,821 11,385 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	37,445 37 K	0%	0 0 K	0%	0 0 K
Loans (1 year at most)	UR	37,445 37 K	0%	0 0 K	0%	0 0 K
Other financial assets (gross)	UT	13,527 14 K	0%	0 0 K	0%	0 0 K
Other financial assets (1 year at most)	UV	0 0 K	0%	0 0 K	0%	0 0 K

Receivables statement of assets

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Customers doubtful or disputed	VA	1,970,403 1,970 K	0%	0 0 K	0%	0 0 K
Other claims customer	UX	31,809,162 31,809 K	0%	0 0 K	0%	0 0 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	22,223 22 K	0%	0 0 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	2,149,895 2,150 K	0%	0 0 K	0%	0 0 K
Value added tax	VB	2,241,315 2,241 K	0%	0 0 K	0%	0 0 K
Other taxes and payments assimilated	VN	0 0 K	0%	0 0 K	0%	0 0 K
State and other public - Miscellaneous	VP	451,921 452 K	0%	0 0 K	0%	0 0 K
Group and Associates	VC	237,793,085 237,793 K	0%	0 0 K	0%	0 0 K
Accounts receivable (including claims relating to the operation of pension titles)	VR	189,525 190 K	0%	0 0 K	0%	0 0 K

Prepaid

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Prepaid	VS	1,480,029 1,480 K	0%	0 0 K	0%	0 0 K

State Debt

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Total debt (gross)	VY	157,227,906 157,228 K	0%	0 0 K	0%	0 0 K
1 year at most	VZ2	120,979,948 120,980 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VZ3	30,247,958 30,248 K	0%	0 0 K	0%	0 0 K
More than 5 years	VZ4	6,000,000 6,000 K	0%	0 0 K	0%	0 0 K

Details

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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	56,027 56 K	0%	0 0 K	0%	0 0 K
1 year at most	VG2	56,027 56 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	50,083,053 50,083 K	0%	0 0 K	0%	0 0 K
1 year at most	VH2	13,835,095 13,835 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	VH3	30,247,958 30,248 K	0%	0 0 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	10,418,143 10,418 K	0%	0 0 K	0%	0 0 K
1 year at most	8B2	10,418,143 10,418 K	0%	0 0 K	0%	0 0 K
More than 1 year and 5 years at most	8B3	10,418,143 10,418 K	0%	0 0 K	0%	0 0 K
Personnel and associated accounts (gross)	8C1	3,464,057 3,464 K	0%	0 0 K	0%	0 0 K
1 year at most	8C2	3,464,057 3,464 K	0%	0 0 K	0%	0 0 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	1,853,482 1,853 K	0%	0 0 K	0%	0 0 K
1 year at most	8D2	1,853,482 1,853 K	0%	0 0 K	0%	0 0 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	786,249 786 K	0%	0 0 K	0%	0 0 K
1 year at most	VW2	786,249 786 K	0%	0 0 K	0%	0 0 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	117,880 118 K	0%	0 0 K	0%	0 0 K
1 year at most	VQ2	117,880 118 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	2,202,326 2,202 K	0%	0 0 K	0%	0 0 K
1 year at most	8J2	2,202,326 2,202 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	79,043,693 79,044 K	0%	0 0 K	0%	0 0 K
1 year at most	VI2	79,043,693 79,044 K	0%	0 0 K	0%	0 0 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	9,202,996 9,203 K	0%	0 0 K	0%	0 0 K
1 year at most	8K2	9,202,996 9,203 K	0%	0 0 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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Loans made during the period	VJ	0 0 K	0%	0 0 K	0%	0 0 K
Debt repaid during the period	VK	0 0 K	0%	0 0 K	0%	0 0 K

Table allocation results and other information

Dividends distributed

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Dividends	ZE	0 0 K	0%	0 0 K	0%	0 0 K

Commitments

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
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

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Subcontracting	YT	0 0 K	0%	0 0 K	0%	0 0 K
Rentals, rental charges and condominiums	XQ	0 0 K	0%	0 0 K	0%	0 0 K
Staff outside the company	YU	0 0 K	0%	0 0 K	0%	0 0 K
Remuneration intermediaries and fees (excluding fees)	SS	0 0 K	0%	0 0 K	0%	0 0 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%	0 0 K
Total Other purchases and external	ZJ	0 0 K	0%	0 0 K	0%	0 0 K

Taxes and Fees

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Business tax	YW	0 0 K	0%	0 0 K	0%	0 0 K
Other taxes and payments assimilated	9Z	0 0 K	0%	0 0 K	0%	0 0 K
Total taxes and fees	YX	0 0 K	0%	0 0 K	0%	0 0 K

VAT

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Amount VAT collected	YY	0 0 K	0%	0 0 K	0%	0 0 K
Total VAT on goods and services	YZ	0 0 K	0%	0 0 K	0%	0 0 K

Average number of employees

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Average number of employees	YP	0 0 K	0%	0 0 K	0%	325 0 K

Groups and Shareholders

		30/09/2016	Variation	30/09/2015	Variation	30/09/2014
Groups and Shareholders	ZR	0 0 K	-	- -	-	- -

Ratios

Synthetic financial performance indicators

30/09/2016

30/09/2015

30/09/2014

Score

Situation

Score

Situation

Score

Situation

Hide AFDCC 2

-

-

-

-

-

-

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

0.23

0%

0.38

0%

0.37

0%

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

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Fixed Asset Financing	1.78	15.6%	1.54	14.9%	1.34	184.11	-99.0%	2.18	-18.3%
Global Debt	378 days	175.9%	137 days	6.2%	129 days	4,982.82 days	-92.4%	145 days	160.7%
Working Capital Fund overall net	740 days	59.8%	463 days	42.0%	326 days	29,773.89 days	-97.5%	102 days	625.5%
Financial independence	358.78 %	-78.0%	1,629.76 %	24.6%	1,307.86 %	128,068.46 %	-99.7%	190.98 %	87.9%
Solvability	70.82 %	-10.3%	78.94 %	0.5%	78.58 %	-204.08 %	134.7%	43.10 %	64.3%
Capacity debt futures	3,336.50 %	-	-	-	-	1,015,982.69 %	-99.7%	2,009.34 %	66.0%
Coverage of current assets by net working capital overall	90.75 %	7.3%	84.60 %	1.3%	83.50 %	-186.42 %	148.7%	49.41 %	83.7%
General Liquidity	2.30	-	-	-	-	-4.10	156.1%	0.70	228.6%
Restricted Liquidity	2.79	-	-	-	-	-6.40	143.6%	1.46	91.1%

Management or rotation

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Need background in operating working capital	37 days	-46.4%	69 days	72.5%	40 days	4.48 days	725.9%	2 days	1750.0%
Treasury	142 days	57.8%	90 days	221.4%	28 days	682.10 days	-79.2%	27 days	425.9%
Inventory turnover of goods	70 days	-1.4%	71 days	-10.1%	79 days	485.57 days	-85.6%	0 days	0%
Average length of credit granted to customers	81 days	-21.4%	103 days	8.4%	95 days	213.17 days	-62.0%	62 days	30.6%
Average length of credit obtained suppliers	44 days	-24.1%	58 days	3.6%	56 days	208.06 days	-78.9%	50 days	-12.0%
Inventory turnover of raw materials in industrial enterprises	0 days	-	-	-	0 days	1,814.70 days	0%	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	-	-	-	-	-	5,321.51 days	-	811 days	-
Rotation tangible assets	-	-	-	-	-	167,420.36 %	-	1,047.58 %	-

Profitability of the business

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Margin trading	1.93 %	118.5%	-10.44 %	-885.0%	1.33 %	2.09 %	-7.7%	0.00 %	0%
Profitability of the business	30.27 %	-14.4%	35.37 %	15.9%	30.51 %	-67.16 %	145.1%	7.28 %	315.8%
Net profit	49.12 %	58.7%	30.96 %	27.8%	24.23 %	322.37 %	-84.8%	4.85 %	912.8%
Growth rate of turnover (excluding VAT)	-0.79 %	-109.6%	8.21 %	0%	0.00 %	20.47 %	-103.9%	0.00 %	0%
Rates integration	42.91 %	-10.0%	47.69 %	10.5%	43.14 %	-20.69 %	307.4%	52.97 %	-19.0%
Rate leasing furniture	0.00 %	0%	0.00 %	0%	0.00 %	0.27 %	0%	0.00 %	0%
Work Factor	26.04 %	14.4%	22.76 %	-10.6%	25.47 %	43.46 %	-40.1%	60.61 %	-57.0%
Weight interests	0.43 %	-92.4%	5.68 %	-11.9%	6.45 %	25.62 %	-98.3%	0.01 %	4200.0%

Return on capital

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Cash flow from the overall profitability	52.67 %	47.5%	35.72 %	-5.1%	37.63 %	323.67 %	-83.7%	7.59 %	593.9%
Rates of economic profitability	8.00 %	-33.3%	12.00 %	9.1%	11.00 %	-89.14 %	109.0%	14.00 %	-42.9%
Financial profitability	463,477,466.00 %	14.3%	405,484,000.00 %	11.4%	364,039,525.00 %	1,492,508.13 %	30953.6%	21,096.50 %	2196840.1%
Return on investment	12.51 %	-2.6%	12.84 %	17.7%	10.91 %	-87.48 %	114.3%	11.35 %	10.2%

Management intermediate balances

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Turnover	149,569,597 149,570 K	-0.8%	150,760,000 150,760 K	8.2%	139,320,478 139,320 K	1,581,325.98 1,581.33 K	9358.5%	116,018 116 K	128819.3%

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Sales of goods	18,315,470 18,315 K	0%	0 0 K	0%	18,900,348 18,900 K		-		-
- Purchase of goods	15,528,404 15,528 K	-1.3%	15,739,000 15,739 K	-13.5%	18,190,096 18,190 K		-		-
+/- Stock of goods variation	-97,566 -98 K	0%	0 0 K	0%	-1,146,405 -1,146 K		-		-
Trading margin	2,884,632 € 2,885 K €	118.3%	-15,739,000 € -15,739 K €	-947.7%	1,856,657 € 1,857 K €	141,561.25 € 141.56 K €	1937.7%	0 € 0 K €	0%
	1.93 % CA 1.93 % CA	118.5%	-10.44 % CA -10.44 % CA	-885.0%	1.33 % CA 1.33 % CA	126.60 % CA 126.60 % CA	-98.5%	0.00 % CA 0.00 % CA	0%

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Sale of goods produced	131,254,127 131,254 K	-12.9%	150,760,000 150,760 K	25.2%	120,420,130 120,420 K		-		-
+/- Stocked production	0 0 K	0%	0 0 K	0%	0 0 K		-		-
+ Self-constructed assets	0 0 K	0%	0 0 K	0%	0 0 K		-		-
Period production	131,254,127 € 131,254 K €	-12.9%	150,760,000 € 150,760 K €	25.2%	120,420,130 € 120,420 K €	1,172,030.25 € 1,172.03 K €	11098.9%	101,612 € 102 K €	129071.9%
	87.75 % CA 87.75 % CA	-12.3%	100.00 % CA 100.00 % CA	15.7%	86.43 % CA 86.43 % CA	95.56 % CA 95.56 % CA	-8.2%	100.00 % CA 100.00 % CA	-12.3%

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Trading margin	2,884,632 2,885 K	118.3%	-15,739,000 -15,739 K	-947.7%	1,856,657 1,857 K	141,561.25 141.56 K	1937.7%	0 0 K	0%
+ Period Production	131,254,127 131,254 K	-12.9%	150,760,000 150,760 K	25.2%	120,420,130 120,420 K	1,172,030.25 1,172.03 K	11098.9%	101,612 102 K	129071.9%
- Purchase of raw materials	0 0 K	0%	0 0 K	0%	11,242 11 K		-		-
+/- Change in stocks of raw materiels	0 0 K	0%	0 0 K	0%	0 0 K		-		-
- Other external purchases and charges	69,952,619 69,953 K	10.8%	63,131,000 63,131 K	1.6%	62,160,918 62,161 K		-		-
Added value	64,186,140 € 64,186 K €	-10.7%	71,890,000 € 71,890 K €	19.6%	60,104,627 € 60,105 K €	499,400.09 € 499.40 K €	12752.6%	54,486 € 54 K €	117703.0%
	42.91 % CA 42.91 % CA	-10.0%	47.69 % CA 47.69 % CA	10.5%	43.14 % CA 43.14 % CA	-20.82 % CA -20.82 % CA	306.1%	52.94 % CA 52.94 % CA	-18.9%

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Added value	64,186,140 € 64,186 K €	-10.7%	71,890,000 € 71,890 K €	19.6%	60,104,627 € 60,105 K €	499,400.09 € 499.40 K €	12752.6%	54,486 € 54 K €	117703.0%
+ Operating grants	4,543 5 K	0%	0 0 K	0%	4,000 4 K		-		-
- Tax, duty and similar payments	2,200,683 2,201 K	-0.3%	2,208,000 2,208 K	-3.6%	2,291,407 2,291 K		-		-
- Personal charges	16,712,312 16,712 K	2.1%	16,362,000 16,362 K	6.9%	15,307,551 15,308 K		-		-
Gross operating surplus	45,277,688 € 45,278 K €	-15.1%	53,320,000 € 53,320 K €	25.4%	42,509,669 € 42,510 K €	42,573.00 € 42.57 K €	106253.1%	7,312 € 7 K €	619124.4%
	30.27 % CA 30.27 % CA	-14.4%	35.37 % CA 35.37 % CA	15.9%	30.51 % CA 30.51 % CA	-67.30 % CA -67.30 % CA	145.0%	7.27 % CA 7.27 % CA	316.4%

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Gross operating surplus	45,277,688 € 45,278 K €	-15.1%	53,320,000 € 53,320 K €	25.4%	42,509,669 € 42,510 K €	42,573.00 € 42.57 K €	106253.1%	7,312 € 7 K €	619124.4%
+ Release of reserves and provisions	15,468,289 15,468 K	0%	0 0 K	0%	1,776,040 1,776 K		-		-
+ Other operating income	21,152,325 21,152 K	-8.8%	23,193,000 23,193 K	25.5%	18,485,864 18,486 K		-		-
- Depreciation/ Amortisation	6,133,389 6,133 K	-14.4%	7,168,000 7,168 K	-2.8%	7,375,479 7,375 K		-		-
- Other charges	1,003,247 1,003 K	131.7%	433,000 433 K	28.3%	337,619 338 K		-		-
Operating result	74,761,666 € 74,762 K €	8.5%	68,912,000 € 68,912 K €	25.2%	55,058,475 € 55,058 K €	67,070.96 € 67.07 K €	111366.5%	5,617 € 6 K €	1330889.2%
	49.98 % CA 49.98 % CA	9.3%	45.71 % CA 45.71 % CA	15.7%	39.52 % CA 39.52 % CA	-74.66 % CA -74.66 % CA	166.9%	5.13 % CA 5.13 % CA	874.3%

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Operating result	74,761,666 € 74,762 K €	8.5%	68,912,000 € 68,912 K €	25.2%	55,058,475 € 55,058 K €	67,070.96 € 67.07 K €	111366.5%	5,617 € 6 K €	1330889.2%
+/- Result of joint-venture transferred from/to other partners	0 0 K	0%	0 0 K	0%	0 0 K		-		-
+ Financial income	22,586,229 22,586 K	19.9%	18,836,000 18,836 K	52.3%	12,365,927 12,366 K		-		-
- Financial charges	649,370 649 K	-92.4%	8,567,000 8,567 K	-4.7%	8,988,367 8,988 K		-		-
Pre-tax result	96,698,525 € 96,699 K €	22.1%	79,181,000 € 79,181 K €	35.5%	58,436,035 € 58,436 K €	151,772.76 € 151.77 K €	63612.7%	6,964 € 7 K €	1388448.6%
	64.65 % CA 64.65 % CA	23.1%	52.52 % CA 52.52 % CA	25.2%	41.94 % CA 41.94 % CA	261.67 % CA 261.67 % CA	-75.3%	5.50 % CA 5.50 % CA	1075.5%

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Extraordinary income	3,073,802 3,074 K	0%	0 0 K	0%	3,171,356 3,171 K	29,563.86 29.56 K	10297.2%	0 0 K	0%
- Extraordinary charges	315,203 315 K	-89.4%	2,969,000 2,969 K	-59.9%	7,402,605 7,403 K		-		-
Extraordinary result	2,758,599 € 2,759 K €	192.9%	-2,969,000 € -2,969 K €	29.8%	-4,231,249 € -4,231 K €	2,983.30 € 2.98 K €	92368.0%	0 € 0 K €	0%
	1.84 % CA 1.84 % CA	193.4%	-1.97 % CA -1.97 % CA	35.2%	-3.04 % CA -3.04 % CA	76.26 % CA 76.26 % CA	-97.6%	0.00 % CA 0.00 % CA	0%

	30/09/2016	Variation	30/09/2015	Variation	30/09/2014	Sector Average 2016		Sector Median 2016
Pre-tax result	96,698,525 € 96,699 K €	22.1%	79,181,000 € 79,181 K €	35.5%	58,436,035 € 58,436 K €	151,772.76 € 151.77 K €	63612.7%	6,964 € 7 K €	1388448.6%
Extraordinary result	2,758,599 € 2,759 K €	192.9%	-2,969,000 € -2,969 K €	29.8%	-4,231,249 € -4,231 K €	2,983.30 € 2.98 K €	92368.0%	0 € 0 K €	0%
- Employee profit sharing	1,581,650 1,582 K	-13.9%	1,836,000 1,836 K	53.4%	1,196,749 1,197 K		-		-
- Tax on profits	24,409,014 24,409 K	-11.9%	27,695,000 27,695 K	43.9%	19,245,745 19,246 K		-		-
Net result	73,466,460 € 73,466 K €	57.4%	46,681,000 € 46,681 K €	38.3%	33,762,292 € 33,762 K €	138,984.87 € 138.98 K €	52759.3%	6,400 € 6 K €	1147813.4%
	49.12 % CA 49.12 % CA	58.7%	30.96 % CA 30.96 % CA	27.8%	24.23 % CA 24.23 % CA	322.56 % CA 322.56 % CA	-84.8%	4.85 % CA 4.85 % CA	912.8%

Key Performance Indicators

Find below a comparison of the company based on the industry code (primary) with other companies from the same industry. The following analysis has been based on the industry code 8299Z - Other business support service activities n.e.c..

Key Performance Indicators

Graphical analysis

Net Turnover

	30/09/2016	30/09/2015	30/09/2014
Company Result	149,569,597 €	150,760,000 €	139,320,478 €
Sector Average	1,581,326 €	1,561,259 €	1,665,743 €

Net Profit

	30/09/2016	30/09/2015	30/09/2014
Company Result	73,466,460 €	46,682,000 €	33,762,292 €
Sector Average	139,191 €	90,026 €	98,474 €

Net Export Turnover

	30/09/2016	30/09/2015	30/09/2014
Company Result	1,106,725 €	0 €	1,894,602 €
Sector Average	197,748 €	196,706 €	184,133 €

Account Total

	30/09/2016	30/09/2015	30/09/2014
Company Result	654,473,986 €	513,686,000 €	463,256,386 €
Sector Average	5,575,344 €	4,504,363 €	4,389,913 €

Shareholders Equity

	30/09/2016	30/09/2015	30/09/2014
Company Result	463,477,466 €	405,484,000 €	364,039,525 €
Sector Average	1,507,565 €	1,290,682 €	919,981 €

Liabilities

	30/09/2016	30/09/2015	30/09/2014
Company Result	157,227,911 €	57,231,000 €	49,920,698 €
Sector Average	3,929,565 €	3,041,906 €	3,229,413 €

Need background in operating working capital

	30/09/2016	30/09/2015	30/09/2014
Company Result	37 €	69 €	40 €
Sector Average	4 €	38 €	-519 €

Gross operating surplus (EBE)

	30/09/2016	30/09/2015	30/09/2014
Company Result	45,277,688 €	53,320,000 €	42,509,669 €
Sector Average	42,573 €	81,796 €	78,668 €

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.08
UK Pound	1	INR 91.34
Euro	1	INR 80.03
Euro	1	INR 79.94

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	SYL

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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