MIRA INFORM REPORT

Report No. :	498286
Report Date :	21.03.2018

IDENTIFICATION DETAILS

Name :	LEON & HARPER

Registered Office :	133 Rue De Turenne Et, 66 70 129 A, 66 Rue Charlot, 75003 Paris

Country :	France

Financials (as on) :	31.12.2013

Date of Incorporation :	January 2010

Legal Form :	Simplified Joint Stock Company

Line of Business :	Wholesale trade (business-to-business) of clothing and footwear

No. of Employees :	20 to 49

RATING & COMMENTS

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

MIRA’s Rating :

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

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

France

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

FRANCE - ECONOMIC OVERVIEW

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 Summery

SIRET	519 041 719 00039	Click to view full map.
Name	LEON & HARPER
Acronym	-
Trade name	I LOVE LEON / I LOVE MY T'S / LEON AND HARPER
Status	Economically active
Postal Address	LEON & HARPER 133 RUE DE TURENNE ET 66 70 129 A 66 RUE CHARLOT 75003 PARIS FRANCE
Share Capital	80,000 Euros
Telephone	01 42 71 25 01
Activity (APE)	Wholesale trade (business-to-business) of clothing and footwear	RCS Registration	RCS Paris B 519 041 719
Formation Date	01/2010	EUR VAT Number	FR77519041719
Deregistration Date	-	Last account Date	31/12/2013
Court Registry Number	20 1 0B00311	Incorporiation Date	01/2010
Registration Court	Paris (75)	Fax	-
Nationality	France	Legal form	Simplified joint stock company
		Currency	Euros

Key Financials

Year to date	Turnover	Gross operating surplus	Shareholder's equity	Net result	Employees
31/12/2013	4,675,581 €	24.63% Turnover	1,458,161 €	536,869 €	20 to 49 employees

View details

Directors

Current Directors

View Details

Ultimate Holding Company

Name	Safe Number	Country	Company Number
LEON & HARPER	FR20161658		519041719
Affiliation links. View Details

Judgment and Preferential

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

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	4642Z	Activity	Wholesale trade (business-to-business) of clothing and footwear
Formation Date	07/2016	Reason for Formation	Formation
Closure Date	-	Reason for Closure	-
Reactivation Date	-	Seasonality	-
Activity Nature	-	Activity Location	-
Trading Address	66 RUE CHARLOT 75003 PARIS 3	Department	Paris (75)
Location Surface	-	District	1
City	PARIS 3	Status	Economically active
Business Pages FT®	VETEMENTS POUR HOMMES ET DAMES (DETAIL)	Region	Ile-de-France
		Area	-
		Size of Urban Area	Paris conglomeration

Ultimate Parent(s)

2 ultimate parent company/companies for this company

Company Name	Activity (APE)	APE/NAF Code	City	Post Code
LEON & HARPER	Wholesale trade (business-to-business) of clothing and footwear	4642Z	PARIS 3	75003
BCS	Activités des sociétés holding	6420Z	PARIS 10	75010

Other Establishment(s)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity
Branches	2 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
LEON & HARPER	Head Office	4642Z	Wholesale trade (business-to-business) of clothing and footwear	PARIS 3	75003
LEON & HARPER	Branch	4642Z	Wholesale trade (business-to-business) of clothing and footwear	PARIS 10	75010
LEON & HARPER	Branch	4642Z	Wholesale trade (business-to-business) of clothing and footwear	PARIS 2	75002

Workforces

Workforce at address	10 to 19 employees	Company workforce	20 to 49 employees
		Workforce account	Workforce unknown
		31/12/2013

Commentary

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


	The sales to current assets ratio is 1.78
	The debtor days are 125.67
	The company is 8 years old
	The latest account data is more than 4 years old, this has an impact on the rating. Please contact Creditsafe with your latest financial statements if you want the risk score to be recalculated
	The tangible fixed assets are 73,311 €
	The ratio total assets to total liabilities is 1.71
	The shareholder's equity is more than 250,000€
	The return on total assets employed is positive
	The pre-tax profit is more than 25,000€

Industry comparison

Activity (APE)

Wholesale trade (business-to-business) of clothing and footwear

Collective procedures

No judgment information for the company

Status of collection

This company is not under monitoring

Preferential rights details and history

Status of collection

This company is not under monitoring

Group Data

Ultimate parent company	LEON & HARPER
Direct parent	-
Group – Number of companies	4
Linkages – Number of companies	-
Number of countries	-
Parent	BCS	View Details
Direct parent	BCS - 34.21 %
Group – Number of companies	2
Linkages – Number of companies	-
Number of countries	-

Group Structure

Go directly to the current company

Rating Information

	Name	SIREN	Parts	Last account published
1	LEON & HARPER	519041719	-	31/12/2013
2	LEON & HARPER BEAUMARCHAIS	434371464	100 %	31/12/2013
2	LEON & HARPER RETAIL	799952700	100 %	-
3	OPOX SA	388319428	100 %	31/12/2012

Parent		BCS	View Details
Direct parent		BCS - 34.21 %
Group – Number of companies		2
Linkages – Number of companies		-
Number of countries		-
Shareholders
BCS	34.21
PHILIPPE CORBIN	65.79

Linkages

No Linkages information available for the company.

Director(s)

Name	M. CORBIN BENOÎT
Manager position	Delegated managing director	Date of birth	08/04/1967
Place of birth	LIMOGES (87000)
Type	Individual	Name at birth
				View Details
Name	M. CORBIN PHILIPPE
Manager position	President	Date of birth	05/02/1964
Place of birth	LIMOGES (87000)
Type	Individual	Name at birth

Statutory Auditor

Name	AUPETIT & ASSOCIES
Name of representative
Manager position	Statutory auditor	Date of birth	-
Place of birth
Type	Moral person	Name at birth

Name	M. FEVRE CHRISTIAN
Manager position	Deputy auditor	Date of birth	12/08/1961
Place of birth	PARIS (75014)
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

Status history

Date	Description
01/07/2016	Economically active

Recent publications in Gazettes

	Publication date	Gazette Name	Description
Hide	07/08/2016	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 898 - 519 041 719 RCS Paris. LEON & HARPER. Forme : Société par actions simplifiée. Capital : 80000 EUR. Activité : . Adresse de l’établissement principal : 129-133 rue de Turenneet 66 à 70 rue Charlot, 75003 Paris. Adresse du siège social : 129-133 rue de Turenneet 66 à 70 rue Charlot, 75003 Paris. Commentaires : modification survenue sur l'adresse du siège.
Hide	12/07/2016	JAL	Head Office Transfer
Les Echos Date de décision : 01/07/2016 Transfert du siège social de la société 519041719 - I LOVE, I LOVE LEON Adresse du nouveau siège : 129 RUE DE TURENNE, 75003 PARIS Ancienne localisation : 40 T QUAI DE JEMMAPES, 75010 PARIS 10
Hide	24/05/2016	Bodacc A	Vente et cession : Acheteur
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 920 - 519 041 719 RCS Paris. LEON & HARPER. Forme : Société par actions simplifiée. Capital : 80000 EUR. Adresse : 12 rue Saint-Fiacre, 75002 Paris. Origine du fonds : Fonds acquis dans le cadre d'une procédure collective au prix stipulé de 292431,00 euros. Etablissement : Etablissement principal. Activité : Un fonds de commerce de conception, production, distribution de vêtements. Adresse : 129 rue de Turenne, 75003 Paris. Précédent propriétaire : S2A FASHION. 479 597 841 RCS Paris. Date de commencement de l’activité : 01/01/0001. Oppositions : voir descriptif. Descriptif : Adresse de l'ancien propri¿taire : 129 r de Turenne 75003 Paris Date de l'acte : 26/04/2016 Enregistr¿ le 12/05/2016 ¿ SIE PARIS 3¿ ARRONDISSEMENT Bordereau :2016/271 Case : 5 Ext : 1499 La cession de fonds de commerce s'effectuant dans le cadre d'une liquidation, il n'y aura pas lieu ¿ r¿ception des oppositions, les cr¿anciers devant d¿clarer leur cr¿ances aupr¿s de la SELARL MONTRAVERS-YANG-TING, prise en la personne de ma¿tre Marie-H¿l¿ne Montravers, mandataire judiciaire, conform¿ment aux articles L622-24 et L641-3 du code de commerce. Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
Hide	30/08/2014	Bodacc C	Comptes annuels et rapports
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 10446 - 519041719 RCS. LEON & HARPER. Forme : Société par actions simplifiée. Adresse : 12 rue Saint-Fiacre 75002 Paris. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
Hide	20/09/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1368 - 519 041 719 RCS Paris. LEON & HARPER. Forme : Société par actions simplifiée. Administration : nomination du Commissaire aux comptes titulaire : AUPETIT & ASSOCIES, nomination du Commissaire aux comptes suppléant : Fevre, Christian. Capital : 80000 EUR. Activité : . Adresse du siège social : 12 rue Saint-Fiacre, 75002 Paris. Commentaires : modification survenue sur l'administration.
Hide	16/02/2012	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 1314 - 519 041 719 RCS Paris. LEON & HARPER. Forme : Société par actions simplifiée. Capital : 80000 EUR. Activité : . Adresse du siège social : 12 rue Saint-Fiacre, 75002 Paris. Commentaires : modification survenue sur la dénomination.
Hide	30/06/2011	Bodacc B	Modification et mutation diverse
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 444 - 519 041 719 RCS Paris. I LOVE. Forme : Société par actions simplifiée. Capital : 80000 EUR. Activité : . Adresse de l’établissement principal : 12 rue Saint-Fiacre, 75002 Paris. Adresse du siège social : 12 rue Saint-Fiacre, 75002 Paris. Commentaires : modification survenue sur l'adresse du siège.
Hide	08/12/2010	JAL	Modification of the share capital
Affiches parisiennes (Les) Date de décision : 17/11/2010 La société : 519041719 - SAS WOUAP, 40 T QUAI DE JEMMAPES, 75010 PARIS 10 a subi une augmentation de son capital social désormais de 80 000 € Date d'effet : 17/11/2010
Hide	08/12/2010	JAL	Appointment of the social representative
Affiches parisiennes (Les) Société faisant l'objet d'une nomination : 519041719 - SAS WOUAP, 40 T QUAI DE JEMMAPES, 75010 PARIS 10 Nominé : Monsieur Benoît CORBIN, 67 Rue La-Fayette, 75009 PARIS 09 En la fonction de : Directeur général Date d'effet : 17/11/2010

Company events history

Date	Description
07/08/2016	Bodacc B: Various editing or changing
27/07/2016	Registered office transferred inside jurisdiction of the Commercial Court
27/07/2016	Updated articles of association
27/07/2016	Amendment
12/07/2016	Legal Gazette: Head Office Transfer
01/07/2016	Update of Company Head Office Identifier
01/07/2016	Update of Company Activity
24/05/2016	Bodacc A : Sale and transfer
07/05/2016	New subsidiarie(s) detected
07/05/2016	New ultimate parent
07/05/2016	New parent detected
06/02/2015	New subsidiarie(s) detected
30/08/2014	Bodacc C : Deposit accounts notice
06/08/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
31/12/2013	New accounts available
20/09/2012	Bodacc B: Various editing or changing
05/09/2012	Minutes of general meeting of shareholders
05/09/2012	New auditor
16/02/2012	Bodacc B: Various editing or changing
01/02/2012	New company name
01/02/2012	Updated articles of association
01/02/2012	Minutes of general meeting of shareholders
30/06/2011	Bodacc B: Various editing or changing
15/06/2011	Amendment
15/06/2011	Minutes of general meeting of shareholders
15/06/2011	New closing date
15/06/2011	Registered office transferred inside jurisdiction of the Commercial Court
15/06/2011	Updated articles of association
04/01/2011	Amendment
04/01/2011	Capital increase
04/01/2011	Minutes of general meeting of shareholders
04/01/2011	New company name
04/01/2011	Updated articles of association
04/01/2011	Changes to the Board of Directors
17/11/2010	Legal Gazette: Appointment of the social representative
17/11/2010	Legal Gazette: Modification of the share capital
07/01/2010	Fund deposit certificate
07/01/2010	Articles of association
07/01/2010	Amendment
07/01/2010	Appointment/resignation of company officers

Establishment events history

Date	Description
31/12/2017	Update of phone numbers
26/11/2017	Update of phone numbers
20/11/2016	Update of phone numbers
01/07/2016	Formation of Head office (after transfer)
01/07/2016	Modification of Head office

Financials

Synthesized Accounts

Annual Accounts

	31/12/2013
Account period (month)	12
Account Type	Normal
Date of capture	05/08/2014
Activity Code	4642Z
Employees	0

Active account

	31/12/2013	Sector Median 2013
Capital not called	0 0 K	0 0 K	0%
Total fixed assets	879,642 880 K	43,291 43 K	1931.9%
Intangible assets	0 0 K	4,864 5 K	0%
Tangible assets	73,311 73 K	5,553 6 K	1220.2%
Financial assets	806,331 806 K	5,820 6 K	13755.7%
Net current assets	2,631,285 2,631 K	221,836 222 K	1086.1%
Stocks	124,326 124 K	54,691 55 K	127.3%
Advanced payments	0 0 K	0 0 K	0%
Receivables	1,609,782 1,610 K	63,651 64 K	2429.1%
Securities and cash	897,178 897 K	34,747 35 K	2482.1%
Prepaid expenses	- -	39 0 K	-
Accounts of regularization	0 0 K	0 0 K	0%
Total Assets	3,510,928 3,511 K	305,499 305 K	1049.2%

Passive Account

	31/12/2013	Sector Median 2013
Shareholders' equity	1,458,161 1,458 K	64,994 65 K	2143.5%
Share capital	80,000 80 K	9,000 9 K	788.9%
Other capital resources	0 0 K	0 0 K	0%
Risk Provisions	0 0 K	0 0 K	0%
Liabilities	2,052,768 2,053 K	206,324 206 K	894.9%
Financial liabilities	378,724 379 K	14,398 14 K	2530.5%
Advanced payments received	0 0 K	0 0 K	0%
Trade account payables	1,310,460 1,310 K	71,551 72 K	1731.5%
Tax and social liabilities	122,374 122 K	41,668 42 K	193.7%
Other debts and fixed assets liabilities	241,210 241 K	8,486 8 K	2742.6%
Account regularization	0 0 K	0 0 K	0%
Total liabilities	3,510,928 3,511 K	305,498 305 K	1049.2%

Results

	31/12/2013	Sector Median 2013
Sales of Goods	4,753,147 4,753 K	441,223 441 K	977.3%
Net turnover	4,675,581 4,676 K	431,969 432 K	982.4%
of which net export turnover	1,978,444 1,978 K	736 1 K	268710.3%
Operating charges	3,957,203 3,957 K	443,756 444 K	791.8%
Operating profit/loss	795,944 796 K	6,810 7 K	11587.9%
Financial income	6,633 7 K	1 0 K	663200.0%
Financial charges	13,299 13 K	500 1 K	2559.8%
Financial profit/loss	-6,666 -7 K	-37 0 K	-17916.2%
Pretax net operating income	789,278 789 K	5,626 6 K	13930.4%
Extraordinary income	13,142 13 K	0 0 K	0%
Extraordinary charges	9,320 9 K	190 0 K	4805.3%
Extraordinary profit/loss	3,822 4 K	0 0 K	0%
Net result	536,869 537 K	6,579 7 K	8061.0%

Accounts - Active

Normal Account

	31/12/2013
Months	12

Grand Total - Active Accounts (I to VI)

		31/12/2013
Grand Total (I to VI)	Net	3,510,928 3,511 K
Gross	CO	3,719,613 3,720 K
Amortisation	1A	208,686 209 K

Non declared distributed capital (I)

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

Active fixed asset (II)

		31/12/2013
Total Active fixed asset (II)	Net	879,642 880 K
Gross	BJ	962,138 962 K
Amortisation	BK	82,495 82 K

Intangible fixed assets

		31/12/2013
Start-up cost	Net	0 0 K
Gross	AB	0 0 K
Amortisation	AC	0 0 K
R&D expenses	Net	0 0 K
Gross	CX	0 0 K
Amortisation	CQ	0 0 K
Distributorships, patents	Net	0 0 K
Gross	AF	0 0 K
Amortisation	AG	0 0 K
Goodwill	Net	0 0 K
Gross	AH	0 0 K
Amortisation	AI	0 0 K
Other intangible fixed assets	Net	0 0 K
Gross	AJ	0 0 K
Amortisation	AK	0 0 K
Pre-payments and downpayments	Net	0 0 K
Gross	AL	0 0 K
Amortisation	AM	0 0 K
Sub Total Intangible asset	Net	0 0 K

Tangible fixed assets

		31/12/2013
Lands	Net	0 0 K
Gross	AN	0 0 K
Amortisation	AO	0 0 K
Buildings	Net	0 0 K
Gross	AP	0 0 K
Amortisation	AQ	0 0 K
Plant	Net	0 0 K
Gross	AR	0 0 K
Amortisation	AS	0 0 K
Other tangible fixed assets	Net	73,311 73 K
Gross	AT	155,807 156 K
Amortisation	AU	82,495 82 K
Fixed assets in construction	Net	0 0 K
Gross	AV	0 0 K
Amortisation	AW	0 0 K
Advances and payments on account	Net	0 0 K
Gross	AX	0 0 K
Amortisation	AY	0 0 K
Sub Total Tangible asset	Net	73,311 73 K

Financial assets

		31/12/2013
Associates at equity	Net	0 0 K
Gross	CS	0 0 K
Amortisation	CT	0 0 K
Other participations	Net	250,002 250 K
Gross	CU	250,002 250 K
Amortisation	CV	0 0 K
Inter-company receivables	Net	537,977 538 K
Gross	BB	537,977 538 K
Amortisation	BC	0 0 K
Other investment securities	Net	0 0 K
Gross	BD	0 0 K
Amortisation	BE	0 0 K
Loans	Net	0 0 K
Gross	BF	0 0 K
Amortisation	BG	0 0 K
Other financial assets	Net	18,352 18 K
Gross	BH	18,352 18 K
Amortisation	BI	0 0 K
Sub Total Financial assets	Net	806,331 806 K

Current Assets (III)

		31/12/2013
Total Current Assets	Net	2,631,285 2,631 K
Gross	CJ	2,757,476 2,757 K
Amortisation	CK	126,190 126 K

Stocks

		31/12/2013
Raw materials	Net	2,886 3 K
Gross	BL	26,398 26 K
Amortisation	BM	23,513 24 K
Work in progress (goods)	Net	0 0 K
Gross	BN	0 0 K
Amortisation	BO	0 0 K
Work in progress (services)	Net	0 0 K
Gross	BP	0 0 K
Amortisation	BQ	0 0 K
Semi-finished and finished products	Net	121,440 121 K
Gross	BR	175,019 175 K
Amortisation	BS	53,579 54 K
Goods for resale	Net	0 0 K
Gross	BT	0 0 K
Amortisation	BU	0 0 K
Sub Total Stocks	Net	124,326 124 K

Advance payments to suppliers

		31/12/2013
Advance payments to suppliers	Net	0 0 K
Gross	BV	0 0 K
Amortisation	BW	0 0 K

Debtors

		31/12/2013
Trade accounts receivable	Net	512,389 512 K
Gross	BX	561,488 561 K
Amortisation	BY	49,099 49 K
Other debtors	Net	205,531 206 K
Gross	BZ	205,531 206 K
Amortisation	CA	0 0 K
Capital subscribed and called up	Net	0 0 K
Gross	CB	0 0 K
Amortisation	CC	0 0 K
Sub Total debtors	Net	717,920 718 K

Divers

		31/12/2013
Investment securities	Net	0 0 K
Gross	CD	0 0 K
Amortisation	CE	0 0 K
Cash and cash equivalents	Net	897,178 897 K
Gross	CF	897,178 897 K
Amortisation	CG	0 0 K
Sub Total Divers	Net	897,178 897 K

Prepaid expenses

		31/12/2013
Prepaid expenses	Net	891,862 892 K
Gross	CH	891,862 892 K
Amortisation	CI	0 0 K

Equalization accounts (IV to VI)

		31/12/2013
Expenses of loan issue to be spread	CW3	0 0 K
Gross		0 0 K
Premiums on redemption of bonds	CM3	0 0 K
Gross		0 0 K
Currency differential gain	CN3	0 0 K
Gross		0 0 K

References

		31/12/2013
Due within one year	CP	556,329 556 K
Due after one year	CR	0 0 K

Accounts - Passive

Grand Total - Passive Accounts (I to V)

		31/12/2013
Grand Total (I to V)	EE	3,510,928 3,511 K

Shareholder Equity (I)

		31/12/2013
Total shareholders' equity (Total I)	DL	1,458,161 1,458 K
Equity and shareholders' equity	DA	80,000 80 K
Issue and merger premiums	DB	0 0 K
Revaluation differentials	DC	0 0 K
Of which equity differential	EK	0 0 K
Legal reserve	DD	8,000 8 K
Statutory or contractual reserve	DE	833,291 833 K
Special regulated reserves	DF	0 0 K
Of which special reserve of provisions for current fluctuation	B1	0 0 K
Other reserves	DG	0 0 K
Of which reserve for buying originals works from alive artists	EJ	0 0 K
Profits or losses brought forward	DH	0 0 K
Profit or loss for the period	DI	536,869 537 K
Investment grants	DJ	0 0 K
Special tax-allowable reserves	DK	0 0 K

Other capital resources (II)

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

Provisions for risks and charges (III)

		31/12/2013
Total provisions for risks and charges (Total III)	DR	0 0 K
Risk provisions	DP	0 0 K
Reserves for charges	DQ	0 0 K

Liabilities (IV)

		31/12/2013
Total Liabilities (Total IV)	EC	2,052,768 2,053 K
Convertible debentures	DS	0 0 K
Other debentures	DT	0 0 K
Bank loans and liabilities	DU	7,128 7 K
Sundry loans and financial liabilities	DV	371,596 372 K
Of which participating loans	EI	0 0 K
Advance payments received for current orders	DW	0 0 K
Trade accounts payables	DX	1,310,460 1,310 K
Tax and social security liabilities	DY	122,374 122 K
Fixed asset liabilities	DZ	0 0 K
Other debts	EA	241,210 241 K

Translation loss (V)

		31/12/2013
Translation loss (Total V)	ED	0 0 K

Equalization accounts

		31/12/2013
Deferred income	EB	0 0 K

References

		31/12/2013
Of which tax-allowable reserve	EF	0 0 K
Deferred income and liabilities	EG	2,052,767 2,053 K
Of which current bank facilities	EH	7,128 7 K

Result account

1 - Operating result (I-II)

		31/12/2013
Operating result (Total I-II)	GG	795,944 796 K

2 - Financial result (V-VI)

		31/12/2013
Financial result (Total V-VI)	GV	-6,666 -7 K

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

		31/12/2013
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	789,278 789 K

4 - Extraordinary result (VII-VIII)

		31/12/2013
Extraordinary result (Total VII-VIII)	HI	3,822 4 K

Profit or loss

		31/12/2013
Profit or loss	HN	536,869 537 K

Total Income (I+III+V+VII)

		31/12/2013
Total Income (Total I+III+V+VII)	HL	4,772,922 4,773 K

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

		31/12/2013
Total Charges (Total II+IV+VI+VIII+IX+X)	HM	4,236,053 4,236 K

Operating income (I)

		31/12/2013
Total operating income (Total I)	FR	4,753,147 4,753 K

Operating income (details)

		31/12/2013
Sale of goods for resale	FC	0 0 K
France	FA	0 0 K
Export	FB	0 0 K
Sale of goods produced	FF	4,671,331 4,671 K
France	FD	2,692,887 2,693 K
Export	FE	1,978,444 1,978 K
Sale of services	FI	4,250 4 K
France	FG	4,250 4 K
Export	FH	0 0 K
Net turnover	FL	4,675,581 4,676 K
France	FJ	2,697,137 2,697 K
Export	FK	1,978,444 1,978 K
Stocked production	FM	0 0 K
Self-constructed assets	FN	0 0 K
Operating grants	FO	7,613 8 K
Release of reserves and provisions	FP	69,952 70 K
Other income	FQ	2 0 K

Operating charges (II)

			31/12/2013
Total operating charges (Total II)	GF		3,957,203 3,957 K

Exploitation charges

		31/12/2013
Purchase of goods for resale	FS	1,386,198 1,386 K
Change in stocks of goods for resale	FT	3,286 3 K
Purchase of raw materials	FU	131,749 132 K
Change in stocks of raw materials	FV	-2,292 -2 K
Other external purchases and charges	FW	1,673,417 1,673 K
Tax, duty and similar payments	FX	25,355 25 K
Payroll	FY	232,916 233 K
Social security costs	FZ	80,817 81 K

Depreciation

		31/12/2013
Depreciation of fixed assets	GA	39,367 39 K
Amortisation of fixed assets	GB	0 0 K
Depreciation/amortisation of current assets	GC	19,626 20 K
Provisions for risks and charges	GD	0 0 K

Other charges

		31/12/2013
Other charges	GE	366,764 367 K

Operating charges (III-IV)

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

Financial income (V)

		31/12/2013
Total financial income (Total V)	GP	6,633 7 K
Share financial income	GJ	0 0 K
Other investment income & capitalised receivables	GK	0 0 K
Other interest and similar income	GL	1,404 1 K
Released provisions and transferred charges	GM	0 0 K
Exchange gains	GN	2,386 2 K
Net income from disposal of investment securities	GO	2,844 3 K

Financial charge (VI)

		31/12/2013
Total financial charge (Total VI)	GU	13,299 13 K
Financial reserves and provisions	GQ	0 0 K
Interest and similar charges	GR	5,250 5 K
Exchange losses	GS	8,049 8 K
Net loss from disposal of investment securities	GT	0 0 K

Extraordinary income (VII)

		31/12/2013
Total extraordinary income (Total VII)	HD	13,142 13 K
Extraordinary operating income	HA	0 0 K
Extraordinary income from capital transactions	HB	13,142 13 K
Released provisions and transferred charges	HC	0 0 K

Extraordinary charges (VIII)

		31/12/2013
Total extraordinary charges (Total VIII)	HH	9,320 9 K
Extraordinary operating charges	HE	2,333 2 K
Extraordinary charges from capital transactions	HF	6,987 7 K
Extraordinary reserves and provisions	HG	0 0 K

Employee profit sharing (IX)

		31/12/2013
Employee profit sharing (Total IX)	HJ	0 0 K

Tax on profits (X)

		31/12/2013
Tax on profits (Total X)	HK	256,231 256 K

References

		31/12/2013
Of which equipment leases	HP	0 0 K
Of which property leases	HQ		0 0 K
Of which transferred charges	A1		0 0 K
Of which trader's own contributions	A2		0 0 K
Of which royalties on licences and patents (income)	A3		0 0 K
Of which royalties on licences and patents (charges)	A4		365,755 366 K

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2013
Gross value at begin of period	OG	0 0 K
Increasess due to revaluation	OH	0 0 K
Decreasess, acquisitions, creations, contributions	OJ	0 0 K
Decreasess by budget item transfer	OK1	0 0 K
Decreasess by transfers	OK2	280,455 280 K
Gross value at the end of period	OL	962,139 962 K

Research and development Charge (Total I)

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

Other budget item from Intangible fixed assets (Total II)

		31/12/2013
Gross value at begin of period	KD	0 0 K
Increasess due to revaluation	KE	0 0 K
Increasess, acquisitions, creations, contributions	KF	0 0 K
Decreasess by budget item transfer	LV1	0 0 K
Decreasess by transfers	LV2	0 0 K
Gross value at the end of period	LW	0 0 K

Tangible fixed assets (Total III)

		31/12/2013
Gross value at begin of period	LN	141,106 141 K
Increasess due to revaluation	LO	0 0 K
Increasess, acquisitions, creations, contributions	LP	14,701 15 K
Decreasess by budget item transfer	NG1	0 0 K
Decreasess by transfers	NG2	0 0 K
Gross value at the end of period	NH	155,807 156 K

Financial assets (Total IV)

		31/12/2013
Gross value at begin of period	LQ	295,250 295 K
Increasess due to revaluation	LR	0 0 K
Increasess, acquisitions, creations, contributions	LS	791,537 792 K
Decreasess by budget item transfer	NJ1	0 0 K
Decreasess by transfers	NJ2	280,455 280 K
Gross value at the end of period	NK	806,332 806 K

Reserve for depreciation

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

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

Research and development charge (Total I)

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

Other intangible assets (Total II)

		31/12/2013
Reserve for depreciation value at begin of period	PE	0 0 K
Increases	PF	0 0 K
Decreasess	PG	0 0 K
Decreasess by budget item transfer	PH	0 0 K

Total fixed assets amotisation (Total III)

		31/12/2013
Reserve for depreciation value at begin of period	QU	43,128 43 K
Increases	QV	39,367 39 K
Decreases	QW	0 0 K
Decreasess by budget item transfer	QX	82,495 82 K

Movements during period affecting charge allocated over several period

Deferred charges and debt issuance costs

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

Premium refund of obligations

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

Provisions included in balance sheet

Grand Total (I-II-III)

		31/12/2013
Value at begining of period	7C	0 0 K
Increases	UB	0 0 K
Decreases	UC	0 0 K
Value at the end of period	UD	0 0 K

Includes Total allocations

		31/12/2013
Operating	UE	0 0 K
Financial	UG	0 0 K
Exceptional	UJ	0 0 K

Includes Total Withdrawal

		31/12/2013
Operating	UF	0 0 K
Financial	UH	0 0 K
Exceptional	UK	0 0 K

Total regulated provisions (Total I)

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

Total risk and charge provisions (Total II)

		31/12/2013
Value at begining of period	5Z	0 0 K
Increases	TV	0 0 K
Decreases	TW	0 0 K
Value at the end of period	TX	0 0 K

Total Provision for depreciation (Total III)

		31/12/2013
Value at begining of period	7B	0 0 K
Increases	TY	0 0 K
Decreases	TZ	0 0 K
Value at the end of period	UA	0 0 K

State deadlines claims and debts at the end of period

State claims

		31/12/2013
Gross value	VT	0 0 K
1 year at most	VU	0 0 K
More than one year	VV	0 0 K

State of loans

		31/12/2013
Claims related to holdings (gross)	UL	0 0 K
Claims related to shareholdings (1 year at most)	UM	0 0 K
Loans (gross)	UP	0 0 K
Loans (1 year at most)	UR	0 0 K
Other financial assets (gross)	UT	0 0 K
Other financial assets (1 year at most)	UV	0 0 K

Receivables statement of assets

		31/12/2013
Customers doubtful or disputed	VA	0 0 K
Other claims customer	UX	0 0 K
Receivables represent Loaned Securities	UU	0 0 K
Provision for depreciation previously established	UQ	0 0 K
Personnel and associated accounts	UY	0 0 K
Social Security and other social organizations	UZ	0 0 K
Income taxes	VM	0 0 K
Value added tax	VB	0 0 K
Other taxes and payments assimilated	VN	0 0 K
State and other public - Miscellaneous	VP	0 0 K
Group and Associates	VC	0 0 K
Accounts receivable (including claims relating to the operation of pension titles)	VR	0 0 K

Prepaid

		31/12/2013
Prepaid	VS	0 0 K

State Debt

		31/12/2013
Total debt (gross)	VY	0 0 K
1 year at most	VZ2	0 0 K
More than 1 year and 5 years at most	VZ3	0 0 K
More than 5 years	VZ4	0 0 K

Details

		31/12/2013
Convertible bonds (gross)	7Y1	0 0 K
1 year at most	7Y2	0 0 K
More than 1 year and 5 years at most	7Y3	0 0 K
Other bonds (gross)	7Z1	0 0 K
1 year at most	7Z2	0 0 K
More than 1 year and 5 years at most	7Z3	0 0 K
Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0 0 K
1 year at most	VG2	0 0 K
More than 1 year and 5 years at most	VG3	0 0 K
Borrowing & debts to more than 1 year at the origin (gross)	VH1	0 0 K
1 year at most	VH2	0 0 K
More than 1 year and 5 years at most	VH3	0 0 K
Loans and various financial liabilities (gross)	8A1	0 0 K
1 year at most	8A2	0 0 K
More than 1 year and 5 years at most	8A3	0 0 K
Suppliers and associated accounts (gross)	8B1	0 0 K
1 year at most	8B2	0 0 K
More than 1 year and 5 years at most	8B3	0 0 K
Personnel and associated accounts (gross)	8C1	0 0 K
1 year at most	8C2	0 0 K
More than 1 year and 5 years at most	8C3	0 0 K
Social Security and other social organizations (gross)	8D1	0 0 K
1 year at most	8D2	0 0 K
More than 1 year and 5 years at most	8D3	0 0 K
Taxes on profits (gross)	8E1	0 0 K
1 year at most	8E2	0 0 K
More than 1 year and 5 years at most	8E3	0 0 K
VAT (Gross)	VW1	0 0 K
1 year at most	VW2	0 0 K
More than 1 year and 5 years at most	VW3	0 0 K
Backed Obligations (gross)	VX1	0 0 K
1 year at most	VX2	0 0 K
More than 1 year and 5 years at most	VX3	0 0 K
Other taxes and assimilated (gross)	VQ1	0 0 K
1 year at most	VQ2	0 0 K
More than 1 year and 5 years at most	VQ3	0 0 K
Assets and liabilities associated accounts (gross)	8J1	0 0 K
1 year at most	8J2	0 0 K
More than 1 year and 5 years at most	8J3	0 0 K
More than 5 years	8J4	0 0 K
Groups and associates (gross)	VI1	0 0 K
1 year at most	VI2	0 0 K
More than 1 year and 5 years at most	VI3	0 0 K
More than 5 years	V14	0 0 K
Other liabilities (gross)	8K1	0 0 K
1 year at most	8K2	0 0 K
More than 1 year and 5 years at most	8K3	0 0 K
Debt representative of borrowed securities (gross)	SZ1	0 0 K
1 year at most	SZ2	0 0 K
More than 1 year and 5 years at most	SZ3	0 0 K
Products in advance (gross)	8L1	0 0 K
1 year at most	8L2	0 0 K
More than 1 year and 5 years at most	8L3	0 0 K

References

		31/12/2013
Loans made during the period	VJ	0 0 K
Debt repaid during the period	VK	0 0 K

Table allocation results and other information

Dividends distributed

		31/12/2013
Dividends	ZE	0 0 K

Commitments

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

Other charges Externes

		31/12/2013
Subcontracting	YT	0 0 K
Rentals, rental charges and condominiums	XQ	0 0 K
Staff outside the company	YU	0 0 K
Remuneration intermediaries and fees (excluding fees)	SS	0 0 K
Fees, commissions and brokerage	YV	0 0 K
Other accounts	ST	0 0 K
Total Other purchases and external	ZJ	0 0 K

Taxes and Fees

		31/12/2013
Business tax	YW	0 0 K
Other taxes and payments assimilated	9Z	0 0 K
Total taxes and fees	YX	0 0 K

VAT

		31/12/2013
Amount VAT collected	YY	0 0 K
Total VAT on goods and services	YZ	0 0 K

Average number of employees

		31/12/2013
Average number of employees	YP	0 0 K

Groups and Shareholders

		31/12/2013
Groups and Shareholders	ZR	0 0 K

Ratios

Synthetic financial performance indicators

31/12/2013

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

0.22

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

3.53

Good shape

Description

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

Structure and Liquidity

	31/12/2013	Sector Average 2013		Sector Median 2013
Fixed Asset Financing	1.99	15.25	-87.0%	1.97	1.0%
Global Debt	158 days	495.26 days	-68.1%	140 days	12.9%
Working Capital Fund overall net	73 days	279.97 days	-73.9%	46 days	58.7%
Financial independence	385.02 %	59,847.71 %	-99.4%	114.76 %	235.5%
Solvability	41.53 %	-2,020.75 %	102.1%	26.82 %	54.8%
Capacity debt futures	-	927,885.96 %	-	1,074.09 %	-
Coverage of current assets by net working capital overall	50.93 %	-53.77 %	194.7%	31.40 %	62.2%
General Liquidity	-	2,961.10	-	0.41	-
Restricted Liquidity	-	3,014.63	-	0.72	-

Management or rotation

	31/12/2013	Sector Average 2013		Sector Median 2013
Need background in operating working capital	-64 days	23.69 days	-370.2%	16 days	-500.0%
Treasury	69 days	84.22 days	-18.1%	8 days	762.5%
Inventory turnover of goods	0 days	348.22 days	0%	90 days	0%
Average length of credit granted to customers	43 days	90.07 days	-52.3%	32 days	34.4%
Average length of credit obtained suppliers	148 days	256.90 days	-42.4%	62 days	138.7%
Inventory turnover of raw materials in industrial enterprises	72 days	1,105.85 days	-93.5%	0 days	0%
Inventory turnover of intermediate and finished products in the industrial enterprise	3,001 days	5,006.45 days	-40.1%	1,501 days	99.9%
Rotation tangible assets	3,000.88 %	-51,680.89 %	105.8%	2,032.76 %	47.6%

Profitability of the business

	31/12/2013	Sector Average 2013		Sector Median 2013
Margin trading	-29.72 %	28.90 %	-202.8%	31.96 %	-193.0%
Profitability of the business	24.63 %	-12.81 %	292.3%	2.58 %	854.7%
Net profit	11.48 %	-9.16 %	225.3%	1.59 %	622.0%
Growth rate of turnover (excluding VAT)	-	117.86 %	-	0.00 %	-
Rates integration	31.72 %	8.46 %	274.9%	17.45 %	81.8%
Rate leasing furniture	0.00 %	0.07 %	0%	0.00 %	0%
Work Factor	21.15 %	48.24 %	-56.2%	69.32 %	-69.5%
Weight interests	0.28 %	1.23 %	-77.2%	0.16 %	75.0%

Return on capital

	31/12/2013	Sector Average 2013		Sector Median 2013
Cash flow from the overall profitability	12.19 %	-8.18 %	249.0%	2.16 %	464.4%
Rates of economic profitability	63.00 %	22.97 %	174.3%	12.00 %	425.0%
Financial profitability	1,458,161.00 %	753,444.02 %	93.5%	32,451.50 %	4393.4%
Return on investment	29.95 %	33.20 %	-9.8%	9.53 %	214.3%

Management intermediate balances

31/12/2013

Sector Average 2013

Sector Median 2013

Turnover

4,675,581 4,676 K

5,063,726.33 5,063.73 K

-7.7%

431,969 432 K

982.4%

31/12/2013

Sector Average 2013

Sector Median 2013

Sales of goods

0 0 K

- Purchase of goods

1,386,198 1,386 K

+/- Stock of goods variation

3,286 3 K

Trading margin

-1,389,484 € -1,389 K €

1,528,363.89 € 1,528.36 K €

-190.9%

122,708 € 123 K €

-1232.3%

-29.72 % CA -29.72 % CA

30.29 % CA 30.29 % CA

-198.1%

33.23 % CA 33.23 % CA

-189.4%

31/12/2013

Sector Average 2013

Sector Median 2013

Sale of goods produced

4,675,581 4,676 K

+/- Stocked production

0 0 K

+ Self-constructed assets

0 0 K

Period production

4,675,581 € 4,676 K €

1,172,446.37 € 1,172.45 K €

298.8%

2,319 € 2 K €

201520.6%

100.00 % CA 100.00 % CA

26.04 % CA 26.04 % CA

284.0%

1.00 % CA 1.00 % CA

9900.0%

31/12/2013

Sector Average 2013

Sector Median 2013

Trading margin

-1,389,484 -1,389 K

1,528,363.89 1,528.36 K

-190.9%

122,708 123 K

-1232.3%

+ Period Production

4,675,581 4,676 K

1,172,446.37 1,172.45 K

298.8%

2,319 2 K

201520.6%

- Purchase of raw materials

131,749 132 K

+/- Change in stocks of raw materiels

-2,292 -2 K

- Other external purchases and charges

1,673,417 1,673 K

Added value

1,483,223 € 1,483 K €

628,325.16 € 628.33 K €

136.1%

85,017 € 85 K €

1644.6%

31.72 % CA 31.72 % CA

8.46 % CA 8.46 % CA

274.9%

17.45 % CA 17.45 % CA

81.8%

31/12/2013

Sector Average 2013

Sector Median 2013

Added value

1,483,223 € 1,483 K €

628,325.16 € 628.33 K €

136.1%

85,017 € 85 K €

1644.6%

+ Operating grants

7,613 8 K

- Tax, duty and similar payments

25,355 25 K

- Personal charges

313,733 314 K

Gross operating surplus

1,151,748 € 1,152 K €

110,190.90 € 110.19 K €

945.2%

8,914 € 9 K €

12820.7%

24.63 % CA 24.63 % CA

-12.81 % CA -12.81 % CA

292.3%

2.58 % CA 2.58 % CA

854.7%

31/12/2013

Sector Average 2013

Sector Median 2013

Gross operating surplus

1,151,748 € 1,152 K €

110,190.90 € 110.19 K €

945.2%

8,914 € 9 K €

12820.7%

+ Release of reserves and provisions

69,952 70 K

+ Other operating income

2 0 K

- Depreciation/ Amortisation

58,993 59 K

- Other charges

366,764 367 K

Operating result

795,945 € 796 K €

19,685.15 € 19.69 K €

3943.4%

6,811 € 7 K €

11587.0%

17.02 % CA 17.02 % CA

-13.69 % CA -13.69 % CA

224.3%

2.01 % CA 2.01 % CA

746.8%

31/12/2013

Sector Average 2013

Sector Median 2013

Operating result

795,945 € 796 K €

19,685.15 € 19.69 K €

3943.4%

6,811 € 7 K €

11587.0%

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

0 0 K

+ Financial income

6,633 7 K

- Financial charges

13,299 13 K

Pre-tax result

789,279 € 789 K €

47,390.71 € 47.39 K €

1565.5%

5,686 € 6 K €

13781.1%

16.88 % CA 16.88 % CA

-12.93 % CA -12.93 % CA

230.5%

1.64 % CA 1.64 % CA

929.3%

31/12/2013

Sector Average 2013

Sector Median 2013

Extraordinary income

13,142 13 K

53,805.67 53.81 K

-75.6%

0 0 K

- Extraordinary charges

9,320 9 K

Extraordinary result

3,822 € 4 K €

-7,664.52 € -7.66 K €

149.9%

0 € 0 K €

0.08 % CA 0.08 % CA

4.98 % CA 4.98 % CA

-98.4%

0.00 % CA 0.00 % CA

	31/12/2013	Sector Average 2013		Sector Median 2013
Pre-tax result	789,279 € 789 K €	47,390.71 € 47.39 K €	1565.5%	5,686 € 6 K €	13781.1%
Extraordinary result	3,822 € 4 K €	-7,664.52 € -7.66 K €	149.9%	0 € 0 K €	0%
- Employee profit sharing	0 0 K		-		-
- Tax on profits	256,231 256 K		-		-
Net result	536,870 € 537 K €	-90,381.42 € -90.38 K €	694.0%	6,580 € 7 K €	8059.7%
	11.48 % CA 11.48 % CA	-9.18 % CA -9.18 % CA	225.1%	1.59 % CA 1.59 % CA	622.0%

Key Performance Indicators

	31/12/2013
Company Result	4,675,581 €
Sector Average	5,063,726 €

Net Profit

	31/12/2013
Company Result	536,869 €
Sector Average	-90,342 €

Net Export Turnover

	31/12/2013
Company Result	1,978,444 €
Sector Average	1,901,334 €

Account Total

	31/12/2013
Company Result	3,510,928 €
Sector Average	3,173,153 €

Shareholders Equity

	31/12/2013
Company Result	1,458,161 €
Sector Average	762,105 €

Liabilities

	31/12/2013
Company Result	2,052,768 €
Sector Average	2,318,586 €

	31/12/2013
Company Result	-64 €
Sector Average	24 €

Gross operating surplus (EBE)

	31/12/2013
Company Result	1,151,748 €
Sector Average	110,191 €

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.20
UK Pound	1	INR 91.49
Euro	1	INR 80.46
Euro	1	INR 79.98

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

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	KET

RATING EXPLANATIONS

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

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

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

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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

MIRA INFORM REPORT

Company Summery

Key Financials

Directors

Establishment Details

Workforces

Commentary

Industry comparison

Director(s)

Recent publications in Gazettes

Company events history

Establishment events history

Financials

Ratios

Key Performance Indicators

Unit