MIRA INFORM REPORT

Report Date :

18.04.2013

IDENTIFICATION DETAILS

Name :	KEM ONE HOLDING
Registered Office :	210 Av Jean Jaures, 69007 Lyon 7 eme
Country :	France
Financials (as on) :	31.12.2011
Date of Incorporation :	December 2011
Com. Reg. No.:	RCS Lyon 1 538 613 159
Legal Form :	Simplified Joint Stock Company with Single Associate
Line of Business :	Subject is engaged in other intermediaries in the sale of fuels, ores, metals and chemicals
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
France	A2	A2

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

FRANCE ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 79 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France's real GDP contracted 2.6% in 2009, but recovered somewhat in 2010 and 2011, before stagnating in 2012. The unemployment rate increased from 7.4% in 2008 to 9.9% in 2012. Youth unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan France. Lower-than-expected growth and high unemployment costs have strained France's public finances. The budget deficit rose sharply from 3.4% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.5% of GDP in 2012, while France's public debt rose from 68% of GDP to 89% over the same period. Under President SARKOZY, Paris implemented some austerity measures to bring the budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's commitment to fiscal discipline at a time of intense financial market scrutiny of euro-zone debt. Socialist Party candidate Francois HOLLANDE won the May 2012 presidential election, after advocating pro-growth economic policies, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, and hiring an additional 60,000 teachers during his five-year term. The government's attempt to introduce a 75% wealth tax on income over one million euros for two years was struck down by the French Constitutional Council in December 2012 because it applied to individuals rather than households. France ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's government has maintained France's commitment to meeting the budget deficit target of 3% of GDP during 2013 even amid signs that economic growth will be lower than the government's forecast of 0.8%. Despite stagnant growth and fiscal challenges, France's borrowing costs declined during the second half of 2012 to euro-era lows.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

company summary

		EUR VAT Number	FR06538613159
Activity (APE)	Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B) (Other intermediaries in the sale of fuels, ores, metals and chemicals (4612B))	Legal form	Simplified Joint Stock Company with Single Associate
Phone		RCS Registration	RCS Lyon 1 538 613 159
Fax		Share capital	272,017,000 Euros
Address	KEM ONE HOLDING 210 AV JEAN JAURES 69007 LYON 7EME	Incorporated Date	12/2011
Nationality	France	Status	Economically active

Trading to Date	12/31/2011
Turnover	0 €
Gross Operating Surplus	-
Shareholders’ equity	56,891 €
Net result	-3,109 €
Employees	0 employee

Company details

Activity (APE)	Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B)
RCS Registration	RCS Lyon 1 538 613 159	Share capital	272,017,000 Euros
Registration Court	Lyon (69)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	20 1 2B042	EUR VAT Number	FR06538613159
Incorporation Date	12/2011	Formation Date	12/2011
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Activity (APE)	Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B)	Business Pages FT®
Postal Address	KEM ONE HOLDING 210 AV JEAN JAURES 69007 LYON 7EME	Trading Address	210 AVENUE JEAN JAURES 69007 LYON 7EME
Telephone
Fax

Type	Head office	Status	Economically active
Formation Date	07/2012	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature		Activity Location
Location surface		Seasonality

Department		Region	Rhône-Alpes
District		Area
City	LYON 7EME	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> KEM ONE HOLDING <<<  - Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B)  in LYON 7EME  (69007)
Secondary establishments	>  KEM ONE HOLDING  - Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (4612B)  in COLOMBES  (92700)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity

Workforces

Workforce at address

0 employee

Company workforce

0 employee

DIRECTORS/MANAGEMENT

Current Directors

4

directors

Name	M. DEKKER NICHOLAS GERALD
Manager position	Directeur général	Date of birth	30/07/1964
Place of birth	DURBAN(AFRIQUE DU SUD)
Type	Individual	Name at birth

Name	M. KLESCH ALLAN GARY EDWARD
Manager position	Président	Date of birth	16/01/1947
Place of birth	CLEVELAND(ETATS-UNIS D'AMERIQUE)
Type	Individual	Name at birth

Name	M. HORNE EDWIN CHARLES
Manager position	Directeur général	Date of birth	22/06/1955
Place of birth	LONDRE(ROYAUME-UNI)
Type	Individual	Name at birth

Name	M. NEWMAN JOSHUA MORTYN
Manager position	Directeur général	Date of birth	01/06/1979
Place of birth	COLCHESTER(ROYAUME-UNI)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Président	M BENJAMIN JACQUOT	17/09/1984 - BESANCON
Président	KLESCH CHEMICALS LTD	- - -
Président	KLESCH CHEMICALS LTD	- -

NEGATIVE INFORMATION

judgements

Collective procedures

No judgment information for the company

SHARE & SHARE CAPITAL INFORMATION

Share capital

272,017,000 Euros

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company
	Company Name	Company number
	KLESCH CHEMICALS LTD

Group data

Ultimate parent company	KLESCH CHEMICALS LTD
Direct parent	KLESCH CHEMICALS LTD - 100 %
Group – Number of companies	8
Linkages – Number of companies	-
Number of countries	-

Go directly to the current company

Display only where participation % > 33 %

Company Name	SIREN	Parts	Last account published
KLESCH CHEMICALS LTD	-	-	-
KEM ONE HOLDING	538613159	100%	31/12/2011
KEM ONE	538695040	100%	-
ALPHACAN	309745891	100%	31/12/2011
ALPHACAN S.P.A.	-	100%	-
ALPHACAN BV	-	100%	-
ALPHACAN ESPANA TRANSFORMADOS SAU	-	99.92%	-
KEM ONE INNOVATIVE VINYLS	538695016	100%	-

Type of shareholder

Shareholders

Linkages

Ultimate parent company	KLESCH CHEMICALS LTD
Direct parent	KLESCH CHEMICALS LTD - 100 %
Group – Number of companies	8
Linkages – Number of companies	-
Number of countries	-
No linked companies

FINANCIAL INFORMATION

accounts

Active Account |  Passive Account |  Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011
Account period (month)	12
Account Type	Normal
Deposit date	31/07/2012
Activity Code	4612B
Employees	0	-	-

Active account

Annual Accounts	31/12/2011	Sector Median 2011
Capital not called	0	0	0%
Total fixed assets	85 000	10 765	689,6%
- Intangible assets	0	0	0%
- Tangible assets	0	1 654	0%
- Financial assets	85 000	400	21150,0%
Net current assets	0	261 084	0%
- Stocks	0	0	0%
- Advanced payments	0	0	0%
- Receivables	0	106 496	0%
- Securities and cash	0	65 832	0%
- Prepaid expenses	-	0	-
Accounts of regularization	0	0	0%
Total Assets	85 000	326 518	-74,0%

Passive Account

Annual Accounts	31/12/2011	Sector Median 2011
Shareholders' equity	56 891	119 304	-52,3%
Share capital	60 000	20 000	200%
Other capital resources	0	0	0%
Risk Provisions	0	0	0%
Liabilities	28 109	146 622	-80,8%
- Financial liabilities	25 008	2 163	1056,2%
- Advanced payments received	0	0	0%
- Trade account payables	3 101	18 750	-83,5%
- Tax and social liabilities	0	51 405	0%
- Other debts and fixed assets liabilities	0	2 212	0%
Account regularization	0	0	0%
Total liabilities	85 000	326 517	-74,0%

Results

Annual Accounts	31/12/2011	Sector Median 2011
Sales of Goods	0	464 869	0%
Net turnover	0	457 508	0%
- of which net export turnover	0	0	0%
Operating charges	3 101	379 846	-99,2%
Operating profit/loss	-3 101	27 281	-111,4%
Financial income	0	268	0%
Financial charges	08	253	-96,8%
Financial profit/loss	-08	0	0%
Pretax net operating income	-3 109	24 850	-112,5%
Extraordinary income	0	0	0%
Extraordinary charges	0	74	0%
Extraordinary profit/loss	0	0	0%
Net result	-3 109	23 844	-113,0%

Display parameter
Currency	Euro	Kilo Euro

Normal Account	31/12/2011
Months	12

Accounts - Active
Current Assets |  Equalization accounts |  Reference

Grand Total - Passive Accounts (I to IV)

			31/12/2011
	Grand Total (I to VI)	Net	85 000
	Gross	CO	85 000
	Amortisation	1A	0

Non declared distributed capital (I)

		31/12/2011
Non declared distributed capital (I)	AA3	0
Gross	AA	0

Active fixed asset (II)

			31/12/2011
	Total Active fixed asset (II)	Net	85 000
	Gross	BJ	85 000
	Amortisation	BK	0

Intangilble fixed assets

			31/12/2011
	Start-up cost	Net	0
	Gross	AB	0
	Amortisation	AC	0
	R & D expenses	Net	0
	Gross	CX	0
	Amortisation	AE	0
	Distributorships, patents	Net	0
	Gross	AF	0
	Amortisation	AG	0
	Goodwill	Net	0
	Gross	AH	0
	Amortisation	AI	0
	Other intangible fixed assets	Net	0
	Gross	AJ	0
	Amortisation	AK	0
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	0

Tangilble fixed assets

			31/12/2011
	Lands	Net	0
	Gross	AN	0
	Amortisation	AO	0
	Buildings	Net	0
	Gross	AP	0
	Amortisation	AQ	0
	Plant	Net	0
	Gross	AR	0
	Amortisation	AS	0
	Other tangible fixed assets	Net	0
	Gross	AT	0
	Amortisation	AU	0
	Fixed assets in construction	Net	0
	Gross	AV	0
	Amortisation	AW	0
	Advances and payments on account	Net	0
	Gross	AX	0
	Amortisation	AY	0
	Sub Total Tangible asset	Net	0

Financial assets

			31/12/2011
	Associates at equity	Net	0
	Gross	CS	0
	Amortisation	CT	0
	Other participations	Net	85 000
	Gross	CU	85 000
	Amortisation	CV	0
	Inter-company receivables	Net	0
	Gross	BB	0
	Amortisation	BC	0
	Other investment securities	Net	0
	Gross	BD	0
	Amortisation	BE	0
	Loans	Net	0
	Gross	BF	0
	Amortisation	BG	0
	Other financial assets	Net	0
	Gross	BH	0
	Amortisation	BI	0
	Sub Total Financial Assets		85 000

Current Assets (III)

			31/12/2011
	Total Assets	Net	0
	Gross	CJ	0
	Amortisation	CK	0

Stocks

			31/12/2011
	Raw materials	Net	0
	Gross	BL	0
	Amortisation	BM	0
	Work in progress (goods)	Net	0
	Gross	BN	0
	Amortisation	BO	0
	Work in progress (services)	Net	0
	Gross	BP	0
	Amortisation	BQ	0
	Semi-finished and finished products	Net	0
	Gross	BR	0
	Amortisation	BS	0
	Goods for resale	Net	0
	Gross	BT	0
	Amortisation	BU	0
	Sub Total Stocks	Net	0

Advance payments to suppliers

			31/12/2011
	Advance payments to suppliers	Net	0
	Gross	BV	0
	Amortisation	BW	0

Debtors

			31/12/2011
	Trade accounts receivable	Net	0
	Gross	BX	0
	Amortisation	BY	0
	Other debtors	Net	0
	Gross	BZ	0
	Amortisation	CA	0
	Capital subscribed and called up	Net	0
	Gross	CB	0
	Amortisation	CC	0
	Sub Total Debtors	Net	0

Divers

			31/12/2011
	Investment securities	Net	0
	Gross	CD	0
	Amortisation	CE	0
	Cash and cash equivalents	Net	0
	Gross	CF	0
	Amortisation	CG	0
	Sub Total Divers	Net	0

Prepaid expenses

			31/12/2011
	Prepaid expenses	Net	0
	Gross	CH	0
	Amortisation	CI	0

Equalization accounts (IV to VI)

		31/12/2011
Multi-period charges	CW3	0
Gross		0
Premiums on redemption of bonds	CM3	0
Gross		0
Currency differential gain	CN3	0
Gross		0

References

		31/12/2011
Due within one year	CP	0
Due after one year	CR	0

Display parameter
Currency	Euro	Kilo Euro

Accounts - Passive
Other capital resources | Provisions for risks and charges | Liabilities | Translation loss | Equalization accounts | References

Grand Total - Passive Accounts (I to IV)

		31/12/2011
Grand Total (I to V)	EE	85 000

Shareholder Equity (I)

			31/12/2011
	Total shareholders' equity (Total I)	DL	56 891
	Equity and shareholders' equity	DA	60 000
	Issue and merger premiums	DB	0
	Revaluation differentials	DC	0
	Of which equity differential	EK	0
	Legal reserve	DD	0
	Statutory or contractual reserve	DE	0
	Special regulated reserves	DF	0
	Of which special reserve of provisions for current fluctuation	B1	0
	Other reserves	DG	0
	Of which reserve for buying originals works from alive artists	EJ	0
	Profits or losses brought forward	DH	0
	Profit or loss for the period	DI	-3 109
	Investment grants	DJ	0
	Special tax-allowable reserves	DK	0

Other capital resources (II)

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

Provisions for risks and charges (III)

			31/12/2011
	Total provisions for risks and charges (Total III)	DR	0
	Risk provisions	DP	0
	Reserves for charges	DQ	0

Liabilities (IV)

			31/12/2011
	Total Liabilities (Total IV)	EC	28 109
	Convertible debentures	DS	0
	Other debentures	DT	0
	Bank loans and liabilities	DU	0
	Sundry loans and financial liabilities	DV	25 008
	Of which participating loans	EI	0
	Advance payments received for current orders	DW	0
	Trade accounts payables	DX	3 101
	Tax and social security liabilities	DY	0
	Fixed asset liabilities	DZ	0
	Other debts	EA	0

Translation loss (V)

		31/12/2011
Translation loss (Total V)	ED	0

Equalization accounts

		31/12/2011
Deferred income	EB	0

References

		31/12/2011
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	0
Of which current bank facilities	EH	0

Display parameter
Currency	Euro	Kilo Euro

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

1- Operating result (I-II)

		31/12/2011
Operating result (Total I-II)	GG	-3 101

2 - Financial result (V - VI)

		31/12/2011
Financial result (Total V-VI)	GV	-08

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

		31/12/2011
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-3 109

4 - Extraordinary result (VII-VIII)

		31/12/2011
Extraordinary result (Total VII-VIII)	HI	0

Profit or loss

		31/12/2011
Profit or loss	HN	-3 109

Total Income (I+III+V+VII)

		31/12/2011
Total Income (I+III+V+VII)	HL	0

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

		31/12/2011
Total charges (Total II+IV+VI+VIII+IX+X)	HM	3 109

Operating income (I)

		31/12/2011
Total operating income (Total I)	FR	0

Operating income (details)

			31/12/2011
	Sale of goods for resale	FC	0
	France	FA	0
	Export	FB	0
	Sale of goods produced	FF	0
	France	FD	0
	Export	FE	0
	Sale of services	FI	0
	France	FG	0
	Export	FH	0
	Net turnover	FL	0
	France	FJ	0
	Export	FK	0
	Stocked production	FM	0
	Self-constructed assets	FN	0
	Operating grants	FO	0
	Release of reserves and provisions	FP	0
	Other income	FQ	0

Operating charges (II)

		31/12/2011
Total operating charges (Total II)	GF	3 101

Exploitation charges

		31/12/2011
Purchase of goods for resale	FS	0
Change in stocks of goods for resale	FT	0
Purchase of raw materials	FU	0
Change in stocks of raw materials	FV	0
Other external purchases and charges	FW	3 101
Tax, duty and similar payments	FX	0
Payroll	FY	0
Social security costs	FZ	0

Depreciation

		31/12/2011
Depreciation of fixed assets	GA	0
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	0
Provisions for risks and charges	GD	0

Other charges

		31/12/2011
Other charges	GE	0

Operating charges (III-IV)

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

Financial income (V)

			31/12/2011
	Total financial income (Total V)	GP	0
	Share financial income	GJ	0
	Other investment income & capitalised receivables	GK	0
	Other interest and similar income	GL	0
	Released provisions and transferred charges	GM	0
	Exchange gains	GN	0
	Net income from disposal of investment securities	GO	0

Financial Charge (VI)

			31/12/2011
	Total financial charge (Total VI)	GU	08
	Financial reserves and provisions	GQ	0
	Interest and similar charges	GR	08
	Exchange losses	GS	0
	Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

			31/12/2011
	Total extraordinary income (Total VII)	HD	0
	Extraordinary operating income	HA	0
	Extraordinary income from capital transactions	HB	0
	Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

			31/12/2011
	Total extraordinary charges (Total VIII)	HH	0
	Extraordinary operating charges	HE	0
	Extraordinary charges from capital transactions	HF	0
	Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

		31/12/2011
Employee profit sharing (Total IX)	HJ	0

Tax on profits (X)

		31/12/2011
Tax on profits (Total X)	HK	0

References

		31/12/2011
Of which equipment leases	HP	0
Of which property leases	HQ	0
Of which transferred charges	A1	0
Of which trader's own contributions	A2	0
Of which royalties on licences and patents (income)	A3	0
Of which royalties on licences and patents (charges)	A4	0

Display parameter
Currency	Euro	Kilo Euro

Other incomer tax return forms
Reserve for depreciation | Provisions included in balance sheet | State deadlines claims and debts at the end of period Table allocation results and other information

Fixed Assets
Grand Total Fixed Assets (I to IV)

			31/12/2011
	Gross value at begin of period	OG	0
	Increasess due to revaluation	OH	0
	Decreasess, acquisitions, creations, contributions	OJ	0
	Decreasess by budget item transfer	OK1	0
	Decreasess by transfers	OK2	0
	Gross value at the end of period	OL	0

Research and development Charge (Total I)

			31/12/2011
	Gross value at begin of period	CZ	0
	Increasess due to revaluation	KB	0
	Increasess, acquisitions, creations, contributions	KC	0
	Decreasess by budget item transfer	C01	0
	Decreasess by transfers	C02	0
	Gross value at the end of period	D0	0

Other budget item from Intangible fixed assets (Total II)

			31/12/2011
	Gross value at begin of period	KD	0
	Increasess due to revaluation	KE	0
	Increasess, acquisitions, creations, contributions	KF	0
	Decreasess by budget item transfer	LV1	0
	Decreasess by transfers	LV2	0
	Gross value at the end of period	LW	0

Tangible fixed assets (Total III)

			31/12/2011
	Gross value at begin of period	LN	0
	Increasess due to revaluation	LO	0
	Increasess, acquisitions, creations, contributions	LP	0
	Decreasess by budget item transfer	NG1	0
	Decreasess by transfers	NG2	0
	Gross value at the end of period	NH	0

Fiancial assets (Total IV)

			31/12/2011
	Gross value at begin of period	LQ	0
	Increasess due to revaluation	LR	0
	Increasess, acquisitions, creations, contributions	LS	0
	Decreasess by budget item transfer	NJ1	0
	Decreasess by transfers	NJ2	0
	Gross value at the end of period	NK	0

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

			31/12/2011
	Reserve for depreciation value at begin of period	0N	0
Increases		0P	0
Decreasess		0Q	0
	Reserve for depreciation value at the end of period	0R	0

Research and development charge (Total I)

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

Other intangible assets (Total II)

			31/12/2011
	Reserve for depreciation value at begin of period	PE	0
Increases		PF	0
Decreasess		PG	0
	Decreasess by budget item transfer	PH	0

Total fixed assets amotisation (Total III)

			31/12/2011
	Reserve for depreciation value at begin of period	QU	0
Increases		QV	0
Decreases		QW	0
	Decreasess by budget item transfer	QX	0

Movements during period affecting charge allocated over several period
Charges à répartir ou frais d'émission d'emprunt

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

Premium refund of obligations

			31/12/2011
	Net value at begining of period	SP1	0
Increases		SP2	0
Depreciation of fixed assets during period		SP	0
	Net value at the end of period	SR	0

Provisions included in balance sheet
Grand Total (I-II-III)

			31/12/2011
	Value at begining of period	7C	0
Increases		UB	0
Decreases		UC	0
	Value at the end of period	UD	0

Includes Total allocations

Operating	UE	0
Financial	UG	0
Exceptional	UJ	0

Includes Total Withdrawal

Operating	UF	0
Financial	UH	0
Exceptional	UK	0

Total regulated provisions (Total I)

			31/12/2011
	Value at begining of period	3Z	0
Increases		TS	0
Decreases		TT	0
	Value at the end of period	TU	0

Total risk and charge provisions (Total II)

			31/12/2011
	Value at begining of period	5Z	0
Increases		TV	0
Decreases		TW	0
	Value at the end of period	TX	0

Total Provision for depreciation (Total III)

			31/12/2011
	Value at begining of period	7B	0
Increases		TY	0
Decreases		TZ	0
	Value at the end of period	UA	0

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

		31/12/2011
Gross value	VT	0
1 year at most	VU	0
More than one year	VV	0

State of loans

		31/12/2011
Claims related to holdings (gross)	UL	0
Claims related to shareholdings (1 year at most)	UM	0
Loans (gross)	UP	0
Loans (1 year at most)	UR	0
Other financial assets (gross)	UT	0
Other financial assets (1 year at most)	UV	0

Receivables statement of assets

		31/12/2011
Customers doubtful or disputed	VA	0
Other claims customer	UX	0
Receivables represent Loaned Securities	UU	0
Provision for depreciation previously established	UQ	0
Personnel and associated accounts	UY	0
Social Security and other social organizations	UZ	0
Income taxes	VM	0
Value added tax	VB	0
Other taxes and payments assimilated	VN	0
State and other public - Miscellaneous	VP	0
Group and Associates	VC	0
Accounts receivable (including claims relating to the operation of pension titles)	VR	0

Prepaid

		31/12/2011
Prepaid	VS	0

State Debt

			31/12/2011
	Total debt (gross)	VY	28 109
1 year at most		VZ2	28 109
More than 1 year and 5 years at most		VZ3	0
More than 5 years		VZ4	0

Details

			31/12/2011
	Convertible bonds (gross)	7Y1	0
1 year at most		7Y2	0
More than 1 year and 5 years at most		7Y3	0
	Other bonds (gross)	7Z1	0
1 year at most		7Z2	0
More than 1 year and 5 years at most		7Z3	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0
1 year at most		VG2	0
More than 1 year and 5 years at most		VG3	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0
1 year at most		VH2	0
More than 1 year and 5 years at most		VH3	0
	Loans and various financial liabilities (gross)	8A1	0
1 year at most		8A2	0
More than 1 year and 5 years at most		8A3	0
	Suppliers and associated accounts (gross)	8B1	3 101
1 year at most		8B2	3 101
More than 1 year and 5 years at most		8B3	3 101
	Personnel and associated accounts (gross)	8C1	0
1 year at most		8C2	0
More than 1 year and 5 years at most		8C3	0
	Social Security and other social organizations (gross)	8D1	0
1 year at most		8D2	0
More than 1 year and 5 years at most		8D3	0
	Taxes on profits (gross)	8E1	0
1 year at most		8E2	0
More than 1 year and 5 years at most		8E3	0
	VAT (gross)	VW1	0
1 year at most		VW2	0
More than 1 year and 5 years at most		VW3	0
	Backed Obligations (gross)	VX1	0
1 year at most		VX2	0
More than 1 year and 5 years at most		VX3	0
	Other taxes and assimilated (gross)	VQ1	0
1 year at most		VQ2	0
More than 1 year and 5 years at most		VQ3	0
	Assets and liabilities associated accounts (gross)	8J1	0
1 year at most		8J2	0
More than 1 year and 5 years at most		8J3	0
More than 5 years		8J4	0
	Groups and associates (gross)	VI1	25 008
1 year at most		VI2	25 008
More than 1 year and 5 years at most		VI3	0
More 5 years		VI4	0
	Other liabilities (gross)	8K1	0
1 year at most		8K2	0
More than 1 year and 5 years at most		8K3	0
	Debt representative of borrowed securities (gross)	SZ1	0
1 year at most		SZ2	0
More than 1 year and 5 years at most		SZ3	0
	Products in advance (gross)	8L1	0
1 year at most		8L2	0
More than 1 year and 5 years at most		8L3	0

References

		31/12/2011
Loans made during the period	VJ	0
Debt repaid during the period	VK	0

Table allocation results and other information
Dividends distributed

		31/12/2011
Dividends	ZE	0

Commitments

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

Other charges Externes

		31/12/2011
Subcontracting	YT	0
Rentals, rental charges and condominiums	XQ	0
Staff outside the company	YU	0
Remuneration intermediaries and fees (excluding fees)	SS	0
Fees, commissions and brokerage	YV	0
Other accounts	ST	0
Total Other purchases and external	ZJ	0

Taxes and Fees

		31/12/2011
Business tax	YW	0
Other taxes and payments assimilated	9Z	0
Total taxes and fees	YX	0

VAT

		31/12/2011
Amount VAT collected	YY	0
Total VAT on goods and services	YZ	0

Average number of employees

		31/12/2011
Average number of employees	YP	0

Groups and Shareholders

		31/12/2011
Groups and Shareholders	ZR	0

Display parameter
Comparison mode	Average	Median

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

Structure and Liquidity

		31/12/2011	Sector Median 2011
Fixed Asset Financing		0,96	3,82	-74,9%
Global Debt		days	97 days	-
Working Capital Fund overall net		days	89 days	-
Financial independence		%	1414,59%	-
More ratios
Solvability		66,93%	49,78%	34,5%
Capacity debt futures		%	3698,41%	-
Coverage of current assets by net working capital overall		%	50,54%	-
General Liquidity		0	0,86	0%
Restricted Liquidity		0	1,78	0%

Management or rotation

		31/12/2011	Sector Median 2011
Need background in operating working capital		days	14 days	-
Treasury		days	27 days	-
Inventory turnover of goods		days	13 days	-
Average length of credit granted to customers		days	54 days	-
Average length of credit obtained suppliers		360 days	47 days	666,0%
More ratios
Inventory turnover of raw materials in industrial enterprises		days	0 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise		days	1382 days	-
Rotation tangible assets		%	1937,09%	-

Profitability of the business

		31/12/2011	Sector Median 2011
Margin trading		%	0%	-
Profitability of the business			6,70%	-
Net profit		%	4,62%	-
More ratios
Growth rate of turnover (excluding VAT)		%	2,95%	-
Rates integration		%	53,08%	-
Rate leasing furniture		%	0%	-
Work Factor		0%	62,48%	0%
Weight interests			0,07%	-

Return on capital

		31/12/2011	Sector Median 2011
Cash flow from the overall profitability		%	6,21%	-
Rates of economic profitability		-4%	22%	-118,2%
Financial profitability		56891%	104252%	-45,4%
Return on investment		-3,79%	16,75%	-122,6%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2011	Sector Median 2011
Turnover	0	457 508 €	0%

Sales of goods	0
- Purchase of goods	0
+/- Stock of goods variation	0
Trading margin	0 €	0 €	0%
	% CA	0 % CA	-

Sale of goods produced	0
+/- Stocked production	0
+ Self-constructed assets	0
Period production	0 €	226 700 €	0%
	% CA	100 % CA	-

Trading margin	0	0	0%
+ Period Production	0	226 700	0%
- Purchase of raw materials	0
+/- Change in stocks of raw materiels	0
- Other external purchases and charges	3 101
Added value	-3 101 €	175 817 €	-101,8%
	% CA	53,08 % CA	-

Added value	-3 101 €	175 817 €	-101,8%
+ Operating grants	0
- Tax, duty and similar payments	0
- Personal charges	0
Gross operating surplus	-3 101 €	29 476 €	-110,5%
	% CA	6,70 % CA	-

Gross operating surplus	-3 101 €	29 476 €	-110,5%
+ Release of reserves and provisions	0
+ Other operating income	0
- Depreciation/Amortisation	0
- Other charges	0
Operating result	-3 101 €	27 281 €	-111,4%
	% CA	6,29 % CA	-

Operating result	-3 101 €	27 281 €	-111,4%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	0
- Financial charges	08
Pre-tax result	-3 109 €	24 856 €	-112,5%
	% CA	6,32 % CA	-

Extraordinary income	0	0	0%
- Extraordinary charges	0
Extraordinary result	0 €	0 €	0%
	% CA	0 % CA	-

Pre-tax result	-3 109 €	24 856 €	-112,5%
Extraordinary result	0 €	0 €	0%
- Employee profit sharing	0
- Tax on profits	0
Net result	-3 109 €	24 480 €	-112,7%
	% CA	4,62 % CA	-

ADDITIONAL INFORMATION

This company is not under monitoring

No trends info for the company

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

Preferential rights details and history

Status of collection

This company is not under monitoring

event history

Status history

Date	Description
02/07/2012	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
27/02/2013	Bodacc B	Modification et mutation diverse
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 1091 - 538 613 159 RCS Lyon. KEM ONE HOLDING. Forme : Société par Actions Simplifiée. Administration : Société à responsabilité limitée KLESCH CHEMICALS LTD n'est plus président. KLESCH Allan nom d'usage : KLESCH devient président. HORNE Edwin nom d'usage : HORNE devient directeur général. NEWMAN Joshua nom d'usage : NEWMAN devient directeur général. DEKKER Nicholas nom d'usage : DEKKER devient directeur général. Activité : . Commentaires : Modification de l'administration.
30/01/2013	JAL	Appointment of the social representative
Progrès (Le)/Edition du Rhône Date de décision : 21/12/2012 Société faisant l'objet d'une nomination : 538613159 - KEM ONE HOLDING, 210 AV JEAN JAURES, 69007 LYON 7EME Nominé : Monsieur Allan KLESCH, W1U 1QY LONDON En la fonction de : Président Nominé : Monsieur Nicholas DEKKER, 13410 LAMBESC En la fonction de : Directeur général Nominé : Monsieur Joshua NEWMAN, JE49TN CHANNEL ISLANDS En la fonction de : Directeur général Nominé : Monsieur Edwin HORNE, W1U 1QY LONDON En la fonction de : Directeur général
30/01/2013	JAL	Resignation / Revocation of the social representative
Progrès (Le)/Edition du Rhône Date de décision : 21/12/2012 La société 538613159 - KEM ONE HOLDING, 210 AV JEAN JAURES, 69007 LYON 7EME Fait l'objet du départ de KLESCH CHEMICALS LIMITED
24/08/2012	Bodacc A	Immatriculation
69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 641 - 538 613 159 RCS Lyon. KEM ONE HOLDING. Forme : Société par Actions Simplifiée. Adresse : 210 avenue Jean Jaurès, 69007 Lyon. Date de commencement de l’activité : 01/01/0001. Descriptif : Immatriculation d'une personne morale suite au transfert du si¿ge hors ressort. Modification de la d¿nomination. Commentaires : Immatriculation d'une personne morale suite à transfert de son siège social.
04/08/2012	JAL	Head Office Transfer
Tout Lyon (Le) - le Moniteur Date de décision : 02/07/2012 Transfert du siège social de la société 538613159 -  DIFI 6 Adresse du nouveau siège : 210 AVENUE JEAN JAURES, 69007 LYON Ancienne localisation : 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Date d'effet : 02/07/2012
01/08/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 3034 - 538 613 159 RCS Nanterre. DIFI 6. Forme : Société par actions simplifiée à associé unique. Capital : 272017000 EUR. Activité : . Commentaires : Modification du capital.
26/07/2012	JAL	Head Office Transfer
Affiches parisiennes (Les) Date de décision : 02/07/2012 Transfert du siège social de la société 538613159 -  DIFI 6 Adresse du nouveau siège : 210 AVENUE JEAN JAURES, 69007 LYON Ancienne localisation : 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Date d'effet : 02/07/2012
25/07/2012	JAL	Modification of the share capital
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 02/07/2012 La société : 538613159 - DIFI 6, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES a subi une augmentation de son capital social désormais de 272 017 000 € Date d'effet : 02/07/2012
22/07/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1212 - 538 613 159 RCS Nanterre. DIFI 6. Forme : Société par actions simplifiée à associé unique. Administration : Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT en fonction le 16 Décembre 2011 Commissaire aux comptes suppléant : AUDITEX en fonction le 16 Décembre 2011 Président : KLESCH CHEMICALS LTD en fonction le 12 Juillet 2012. Activité : . Commentaires : Modification de représentant.
09/07/2012	Bodacc C	Comptes annuels et rapports
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 14349 - 538613159 RCS. DIFI 6. Forme : Société par actions simplifiée à associé unique. Adresse : 420 rue d'Estienne d'Orves 92700 Colombes. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
07/07/2012	JAL	Appointment of the social representative
Affiches parisiennes (Les) Date de décision : 02/07/2012 Société faisant l'objet d'une nomination : 538613159 - DIFI 6, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Nominé : Non renseignée KLESCH CHEMICALS LTD, 1451 VLT En la fonction de : Président
07/07/2012	JAL	Resignation / Revocation of the social representative
Affiches parisiennes (Les) Date de décision : 02/07/2012 La société 538613159 - DIFI 6, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Fait l'objet du départ de Monsieur Benjamin JACQUOT
05/04/2012	Bodacc B	Modification et mutation diverse
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1252 - 538 613 159 RCS Nanterre. DIFI 6. Forme : Société par actions simplifiée à associé unique. Administration : Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT en fonction le 16 Décembre 2011 Commissaire aux comptes suppléant : AUDITEX en fonction le 16 Décembre 2011 Président : JACQUOT Benjamin en fonction le 28 Mars 2012. Activité : . Commentaires : Modification de représentant.
23/03/2012	JAL	Appointment of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 14/03/2012 Société faisant l'objet d'une nomination : 538613159 - DIFI 6, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Nominé : Monsieur Benjamin JACQUOT, 92110 CLICHY En la fonction de : Président
23/03/2012	JAL	Resignation / Revocation of the social representative
Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 14/03/2012 La société 538613159 - DIFI 6, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Fait l'objet du départ de Madame Christiane CHAPUIS
30/12/2011	Bodacc A	Création d'établissement
92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1062 - 538 613 159 RCS Nanterre. DIFI 6. Forme : Société par actions simplifiée à associé unique. Administration : Président : ARDILE Christiane Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT Commissaire aux comptes suppléant : AUDITEX. Capital : 60000 EUR. Adresse : 420 rue d'Estienne d'Orves, 92700 Colombes. Origine du fonds : Création d'un fonds de commerce. Etablissement : Etablissement principal. Activité : recherche, production, transformation, distribution, commercialisation de tous produits chimiques et plastiques ainsi que de leurs dérivés, sous-produits divers et de tous produits Parachimiques. Adresse : . Date de commencement de l’activité : 15/12/2011. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
05/04/2013	New subsidiarie(s) detected
05/04/2013	New ultimate parent
05/04/2013	New parent detected
27/02/2013	Bodacc B: Various editing or changing
07/02/2013	Updated articles of association
07/02/2013	Amendment
30/01/2013	Legal Gazette: Resignation / Revocation of the social representative
21/12/2012	Legal Gazette: Appointment of the social representative
11/10/2012	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
24/08/2012	Bodacc A : Registration
04/08/2012	Legal Gazette: Head Office Transfer
01/08/2012	Updated articles of association
01/08/2012	Bodacc B: Various editing or changing
01/08/2012	Amendment
26/07/2012	Legal Gazette: Head Office Transfer
24/07/2012	Amendment
24/07/2012	Updated articles of association
24/07/2012	Capital increase
22/07/2012	Bodacc B: Various editing or changing
12/07/2012	New chairman (CEO, CoB)
12/07/2012	Amendment
09/07/2012	Bodacc C : Deposit accounts notice
07/07/2012	Legal Gazette: Resignation / Revocation of the social representative
02/07/2012	Legal Gazette: Appointment of the social representative
02/07/2012	Transfer of Establishment
02/07/2012	Other modification of Establishment
02/07/2012	Update of Company Head Office Identifier
02/07/2012	Update of Company Name
02/07/2012	Legal Gazette: Modification of the share capital
05/04/2012	Bodacc B: Various editing or changing
28/03/2012	Amendment
28/03/2012	New chairman (CEO, CoB)
23/03/2012	Legal Gazette: Resignation / Revocation of the social representative
14/03/2012	Legal Gazette: Appointment of the social representative
31/12/2011	New accounts available
30/12/2011	Bodacc A : Establishment creation
16/12/2011	Company formation
16/12/2011	Articles of association

Establishment events history

Date	Description
06/04/2013	Update Rating
10/02/2013	Update Rating
25/12/2012	Update Rating
25/12/2012	Update Limit
02/07/2012	Modification of Head office
02/07/2012	Update of Establishment Workforce
02/07/2012	Formation of Head office (after transfer)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.94
UK Pound	1	Rs.82.77
Euro	1	Rs.71.05

INFORMATION DETAILS

Report Prepared by :

MNL

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

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

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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

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