MIRA INFORM REPORT

Report Date :

29.04.2014

IDENTIFICATION DETAILS

Name :	KEM ONE

Registered Office :	210 Av Jean Jaures, 69007 Lyon 7eme

Country :	France

Financials (as on) :	31.12.2012

Date of Incorporation :	December, 2011

Legal Form :	Simplified Joint Stock Company with Single Associate

Line of Business :	Manufacture of plastics in primary forms

No. of Employees :	1 000 to 1 999 employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

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 – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France’s bonds.

Source : CIA

Company name

Name

KEM ONE

SIRET

538 695 040 00021

Personal comment

company summary

		EUR VAT Number	FR45538695040
Activity (APE)	Manufacture of plastics in primary forms (2016Z)	Legal form	Simplified Joint Stock Company with Single Associate
Phone	04 69 67 72 00	RCS Registration	RCS Lyon 1 538 695 040
Fax		Share capital	98,025,001 Euros
Address	KEM ONE 210 AV JEAN JAURES 69007 LYON 7EME	Incorporated Date	12/2011
Nationality	France	Status	Economically active

	Last published Judgment	23/01/2014
	Last published preferential right	This company is not under monitoring
	Collection of preferential rights for this company has been stopped by the Court

Ultimate Holding Company
Company Name		Company number
KLESCH CHEMICALS LTD	-	-

Current Directors

	Trading to Date	12/31/2012
	Turnover	451,076,417 €
	Gross Operating Surplus	-12,69 % Turnover
	Shareholders’ equity	6,145,062 €
	Net result	-346,321,700 €
	Employees	1 000 to 1 999 employees

No trends info for the company

company details

Company details

Activity (APE)	Manufacture of plastics in primary forms (2016Z)
RCS Registration	RCS Lyon 1 538 695 040	Share capital	98,025,001 Euros
Registration Court	Lyon (69)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	20 1 2B04248	EUR VAT Number	FR45538695040
Incorporation Date	12/2011	Formation Date	12/2011
Deregistration Date		Last account Date	31/12/2012
Nationality	France

Establishment details

Activity (APE)	Manufacture of plastics in primary forms (2016Z)	Business Pages FT®	PRODUITS CHIMIQUES (FABRICATION, GROS)
Postal Address	KEM ONE 210 AV JEAN JAURES 69007 LYON 7EME	Trading Address	210 AVENUE JEAN JAURES 69007 LYON 7EME
Telephone	04 69 67 72 00
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	Other	Activity Location	Other
Location surface		Seasonality

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

Other establishments

	Branches	10 branch entities in this company


	Head office	> KEM ONE <<< - Fabrication de matières plastiques de base (2016Z) in LYON 7EME (69007)

	Secondary establishments	> KEM ONE - Fabrication de matières plastiques de base (2016Z) in FOS SUR MER (13270) > KEM ONE - Fabrication de matières plastiques de base (2016Z) in AIX EN PROVENCE (13290) > KEM ONE - Fabrication de matières plastiques de base (2016Z) in CHATEAU ARNOUX SAINT AUBAN (04600) > KEM ONE - Fabrication de matières plastiques de base (2016Z) in PIERRE BENITE (69310) > ...

	Regionality	Legal unit with multiple establishments in many areas having at least 50% of workforce in same area

	Mono-activity status	Legal unit with multiple establishments having main activities in many divisions, which one activity grouping from 80 to 99% of workforce

Workforces

	Workforce at address	Workforce unknown	Company workforce	1 000 to 1 999 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2012
Account period (month)	12
Account Type	Normal
Date of capture	17/01/2014
Activity Code	2016Z
Employees	1352	-	-

Active account

Annual Accounts	31/12/2012	Sector Median 2012
Capital not called	0	0	0%
Total fixed assets	37 306 407	859 003	4243,0%
- Intangible assets	942 618	10 867	8574,1%
- Tangible assets	0	534 535	0%
- Financial assets	36 363 786	9 139	397796,8%
Net current assets	315 164 574	2 627 566	11894,5%
- Stocks	78 801 323	390 805	20063,8%
- Advanced payments	4 957 087	0	0%
- Receivables	231 406 093	1 759 818	13049,4%
- Securities and cash	68	100 619	-99,9%
- Prepaid expenses	-	263,50	-
Accounts of regularization	349 914	0	0%
Total Assets	352 820 896	3 911 565	8919,9%

Passive Account

Annual Accounts	31/12/2012	Sector Median 2012
Shareholders' equity	6 145 062	1 236 880	396,8%
Share capital	88 025 001	480 000	18238,5%
Other capital resources	0	0	0%
Risk Provisions	48 954 595	23 201	210902,1%
Liabilities	297 693 040	2 022 060	14622,3%
- Financial liabilities	4 655 620	179 820	2489,0%
- Advanced payments received	12 860 280	0	0%
- Trade account payables	229 514 816	792 172	28872,9%
- Tax and social liabilities	24 722 390	288 678	8464,0%
- Other debts and fixed assets liabilities	25 968 131	27 305	95003,9%
Account regularization	0	0	0%
Total liabilities	352 820 896	3 911 565	8919,9%

Results

Annual Accounts	31/12/2012	Sector Median 2012
Sales of Goods	474 262 223	7 191 431	6494,8%
Net turnover	451 076 417	7 192 552	6171,4%
- of which net export turnover	283 753 342	103 962	272839,5%
Operating charges	818 785 481	7 749 866	10465,2%
Operating profit/loss	-344 523 258	43 842	-785929,2%
Financial income	2 652 874	11 053	23901,4%
Financial charges	4 924 254	20 728	23656,5%
Financial profit/loss	-2 271 380	-2 163	-104910,6%
Pretax net operating income	-346 794 638	31 020	-1118071,1%
Extraordinary income	1 960	23 692	-91,7%
Extraordinary charges	280 074	21 935	1176,8%
Extraordinary profit/loss	-278 113	-56	-496530,4%
Net result	-346 321 700	32 955	-1050992,7%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		31/12/2012
	Months		12

Accounts – Active

Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2012
Grand Total (I to VI)	Net	352 820 896
Gross	CO	645 716 532
Amortisation	1A	292 895 636

Non declared distributed capital (I)

		31/12/2012
Non declared distributed capital (I)	AA3	0
Gross	AA	0

Active fixed asset (II)

		31/12/2012
Total Active fixed asset (II)	Net	37 306 407
Gross	BJ	293 183 832
Amortisation	BK	255 877 425

Intangilble fixed assets

			31/12/2012
	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	942 618
	Gross	AF	1 716 653
	Amortisation	AG	774 035
	Goodwill	Net	0
	Gross	AH	2 475 000
	Amortisation	AI	2 475 000
	Other intangible fixed assets	Net	0
	Gross	AJ	34 265 025
	Amortisation	AK	34 265 025
	Pre-payments and downpayments	Net	0
	Gross	AL	0
	Amortisation	AM	0
Sub Total Intangible Assets		Net	942 618

Tangilble fixed assets

		31/12/2012
Lands	Net	0
Gross	AN	8 439 081
Amortisation	AO	8 439 081
Buildings	Net	0
Gross	AP	35 029 716
Amortisation	AQ	35 029 716
Plant	Net	0
Gross	AR	145 479 237
Amortisation	AS	145 479 237
Other tangible fixed assets	Net	0
Gross	AT	538 514
Amortisation	AU	538 514
Fixed assets in construction	Net	0
Gross	AV	22 131 817
Amortisation	AW	22 131 817
Advances and payments on account	Net	0
Gross	AX	6 745 000
Amortisation	AY	6 745 000
Sub Total Tangible asset	Net	0

Financial assets

		31/12/2012
Associates at equity	Net	0
Gross	CS	0
Amortisation	CT	0
Other participations	Net	13 000
Gross	CU	13 000
Amortisation	CV	0
Inter-company receivables	Net	11 416 000
Gross	BB	11 416 000
Amortisation	BC	0
Other investment securities	Net	0
Gross	BD	0
Amortisation	BE	0
Loans	Net	16 516 359
Gross	BF	16 516 359
Amortisation	BG	0
Other financial assets	Net	8 418 427
Gross	BH	8 418 427
Amortisation	BI	0
Sub Total Financial Assets		36 363 786

Current Assets (III)

		31/12/2012
Total Assets	Net	315 164 574
Gross	CJ	352 182 785
Amortisation	CK	37 018 211

Stocks

		31/12/2012
Raw materials	Net	14 085 092
Gross	BL	25 468 321
Amortisation	BM	11 383 228
Work in progress (goods)	Net	2 355 468
Gross	BN	2 355 468
Amortisation	BO	0
Work in progress (services)	Net	0
Gross	BP	0
Amortisation	BQ	0
Semi-finished and finished products	Net	62 360 763
Gross	BR	76 432 170
Amortisation	BS	14 071 407
Goods for resale	Net	0
Gross	BT	0
Amortisation	BU	0
Sub Total Stocks	Net	78 801 323

Advance payments to suppliers

		31/12/2012
Advance payments to suppliers	Net	4 957 087
Gross	BV	4 957 087
Amortisation	BW	0

Debtors

		31/12/2012
Trade accounts receivable	Net	118 142 146
Gross	BX	129 705 722
Amortisation	BY	11 563 575
Other debtors	Net	110 465 519
Gross	BZ	110 465 519
Amortisation	CA	0
Capital subscribed and called up	Net	0
Gross	CB	0
Amortisation	CC	0
Sub Total Debtors	Net	228 607 665

Divers

		31/12/2012
Investment securities	Net	0
Gross	CD	0
Amortisation	CE	0
Cash and cash equivalents	Net	68
Gross	CF	68
Amortisation	CG	0
Sub Total Divers	Net	68

Prepaid expenses

		31/12/2012
Prepaid expenses	Net	2 798 428
Gross	CH	2 798 428
Amortisation	CI	0

Equalization accounts (IV to VI)

		31/12/2012
Multi-period charges	CW3	0
Gross		0
Premiums on redemption of bonds	CM3	0
Gross		0
Currency differential gain	CN3	349 914
Gross		349 914

References

		31/12/2012
Due within one year	CP	0
Due after one year	CR	0

Display parameter
Currency	Euro	Kilo Euro

Accounts – Passive

Grand Total - Passive Accounts (I to IV)

			31/12/2012
	Grand Total (I to V)	EE	352 820 896

Shareholder Equity (I)

		31/12/2012
Total shareholders' equity (Total I)	DL	6 145 062
Equity and shareholders' equity	DA	88 025 001
Issue and merger premiums	DB	264 444 378
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	-2 617
Profit or loss for the period	DI	-346 321 700
Investment grants	DJ	0
Special tax-allowable reserves	DK	0

Other capital resources (II)

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

Provisions for risks and charges (III)

		31/12/2012
Total provisions for risks and charges (Total III)	DR	48 954 595
Risk provisions	DP	11 567 595
Reserves for charges	DQ	37 387 000

Liabilities (IV)

		31/12/2012
Total Liabilities (Total IV)	EC	297 693 040
Convertible debentures	DS	0
Other debentures	DT	0
Bank loans and liabilities	DU	4 230 120
Sundry loans and financial liabilities	DV	425 500
Of which participating loans	EI	0
Advance payments received for current orders	DW	12 860 280
Trade accounts payables	DX	229 514 816
Tax and social security liabilities	DY	24 722 390
Fixed asset liabilities	DZ	12 898 770
Other debts	EA	13 041 162

Translation loss (V)

			31/12/2012
	Translation loss (Total V)	ED	28 199

Equalization accounts

			31/12/2012
	Deferred income	EB	0

References

		31/12/2012
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	293 462 920
Of which current bank facilities	EH	4 230 120

Display parameter
Currency	Euro	Kilo Euro

Result account

1- Operating result (I-II)

			31/12/2012
	Operating result (Total I-II)	GG	-344 523 258

2 - Financial result (V - VI)

			31/12/2012
	Financial result (Total V-VI)	GV	-2 271 380

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

			31/12/2012
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-346 794 638

4 - Extraordinary result (VII-VIII)

			31/12/2012
	Extraordinary result (Total VII-VIII)	HI	-278 113

Profit or loss

			31/12/2012
	Profit or loss	HN	-346 321 700

Total Income (I+III+V+VII)

			31/12/2012
	Total Income (I+III+V+VII)	HL	476 917 058

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

			31/12/2012
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	823 238 759

Operating income (I)

			31/12/2012
	Total operating income (Total I)	FR	474 262 223

Operating income (details)

		31/12/2012
Sale of goods for resale	FC	0
France	FA	0
Export	FB	0
Sale of goods produced	FF	408 292 505
France	FD	124 539 163
Export	FE	283 753 342
Sale of services	FI	42 783 912
France	FG	42 783 912
Export	FH	0
Net turnover	FL	451 076 417
France	FJ	167 323 075
Export	FK	283 753 342
Stocked production	FM	6 542 275
Self-constructed assets	FN	721 884
Operating grants	FO	10 000
Release of reserves and provisions	FP	15 440 337
Other income	FQ	471 309

Operating charges (II)

			31/12/2012
	Total operating charges (Total II)	GF	818 785 481

Exploitation charges

		31/12/2012
Purchase of goods for resale	FS	44 985 828
Change in stocks of goods for resale	FT	0
Purchase of raw materials	FU	279 253 014
Change in stocks of raw materials	FV	-1 320 949
Other external purchases and charges	FW	144 725 038
Tax, duty and similar payments	FX	2 359 135
Payroll	FY	29 884 929
Social security costs	FZ	15 708 854

Depreciation

		31/12/2012
Depreciation of fixed assets	GA	9 222 024
Amortisation of fixed assets	GB	246 655 403
Depreciation/amortisation of current assets	GC	37 365 063
Provisions for risks and charges	GD	9 475 829

Other charges

			31/12/2012
	Other charges	GE	471 309

Operating charges (III-IV)

		31/12/2012
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)

		31/12/2012
Total financial income (Total V)	GP	2 652 874
Share financial income	GJ	0
Other investment income & capitalised receivables	GK	0
Other interest and similar income	GL	-1 570
Released provisions and transferred charges	GM	0
Exchange gains	GN	2 654 444
Net income from disposal of investment securities	GO	0

Financial Charge (VI)

		31/12/2012
Total financial charge (Total VI)	GU	4 924 254
Financial reserves and provisions	GQ	321 714
Interest and similar charges	GR	2 318 484
Exchange losses	GS	2 284 054
Net loss from disposal of investment securities	GT	0

Extraordinary income (VII)

		31/12/2012
Total extraordinary income (Total VII)	HD	1 960
Extraordinary operating income	HA	1 959
Extraordinary income from capital transactions	HB	01
Released provisions and transferred charges	HC	0

Extraordinary charges (VIII)

		31/12/2012
Total extraordinary charges (Total VIII)	HH	280 074
Extraordinary operating charges	HE	277 074
Extraordinary charges from capital transactions	HF	3 000
Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

			31/12/2012
	Employee profit sharing (Total IX)	HJ	0

Tax on profits (X)

			31/12/2012
	Tax on profits (Total X)	HK	-751 051

References

		31/12/2012
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 incomes 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)

		31/12/2012
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)

		31/12/2012
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)

		31/12/2012
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)

		31/12/2012
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)

		31/12/2012
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)

			31/12/2012
	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)

			31/12/2012
	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)

			31/12/2012
	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)

			31/12/2012
	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

			31/12/2012
	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

			31/12/2012
	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)

			31/12/2012
	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)

			31/12/2012
	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)

			31/12/2012
	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)

			31/12/2012
	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

		31/12/2012
Gross value	VT	0
1 year at most	VU	0
More than one year	VV	0

State of loans

		31/12/2012
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

		31/12/2012
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

			31/12/2012
	Prepaid	VS	0

State Debt

			31/12/2012
	Total debt (gross)	VY	0
1 year at most		VZ2	0
More than 1 year and 5 years at most		VZ3	0
More than 5 years		VZ4	0

Details

			31/12/2012
	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	0
1 year at most		8B2	0
More than 1 year and 5 years at most		8B3	0
	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	0
1 year at most		VI2	0
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

		31/12/2012
Loans made during the period	VJ	0
Debt repaid during the period	VK	0

Table allocation results and other information

Dividends distributed

			31/12/2012
	Dividends	ZE	0

Commitments

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

Other charges Externes

		31/12/2012
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

		31/12/2012
Business tax	YW	0
Other taxes and payments assimilated	9Z	0
Total taxes and fees	YX	0

VAT

		31/12/2012
Amount VAT collected	YY	0
Total VAT on goods and services	YZ	0

Average number of employees

			31/12/2012
	Average number of employees	YP	1 352

Groups and Shareholders

			31/12/2012
	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

	31/12/2012	Sector Median 2012
Fixed Asset Financing	1,06	1,28	-17,2%
Global Debt	238 days	104,50 days	127,8%
Working Capital Fund overall net	15 days	56 days	-73,2%
Financial independence	145,27%	662,54%	-78,1%

Solvability	1,74%	41,81%	-95,8%
Capacity debt futures	%	2486,48%	-
Coverage of current assets by net working capital overall	5,21%	45,43%	-88,5%
General Liquidity		0,97	-
Restricted Liquidity		1,18	-

Management or rotation

	31/12/2012	Sector Median 2012
Need background in operating working capital	15 days	45 days	-66,7%
Treasury	-3 days	6 days	-150,0%
Inventory turnover of goods	0 days	5 days	0%
Average length of credit granted to customers	104 days	58,50 days	77,8%
Average length of credit obtained suppliers	177 days	58 days	205,2%

Inventory turnover of raw materials in industrial enterprises	33 days	37,50 days	-12,0%
Inventory turnover of intermediate and finished products in the industrial enterprise	days	236,50 days	-
Rotation tangible assets	%	206,63%	-

Profitability of the business

	31/12/2012	Sector Median 2012
Margin trading	-9,97%	0%	0%
Profitability of the business	-12,69	5,38%	-335,9%
Net profit	-76,78%	1,56%	-5021,8%

Growth rate of turnover (excluding VAT)	%	0%	-
Rates integration	-2,06%	23,19%	-108,9%
Rate leasing furniture	0%	0%	0%
Work Factor	-490,13%	66,77%	-834,1%
Weight interests	1,09	0,49%	122,4%

Return on capital

	31/12/2012	Sector Median 2012
Cash flow from the overall profitability	-19,98%	5,18%	-485,7%
Rates of economic profitability	-530%	12%	-4516,7%
Financial profitability	6145062%	1236880%	396,8%
Return on investment	-3160,89%	5,59%	-56645,4%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Soldes Intermédiaires de Gestion

	31/12/2012					Sector Median 2012
Turnover	451 076 417					7 192 552 €	6171,4%

Sales of goods	0
- Purchase of goods	44 985 828
+/- Stock of goods variation	0
Trading margin	-44 985 828 €	0 €	0%
	-9,97 % CA	0 % CA	0%

Sale of goods produced	451 076 417
+/- Stocked production	6 542 275
+ Self-constructed assets	721 884
Period production	458 340 576 €	5 542 500 €	8169,6%
	101,61 % CA	100 % CA	1,6%

Trading margin	-44 985 828	0	0%
+ Period Production	458 340 576	5 542 500	8169,6%
- Purchase of raw materials	279 253 014
+/- Change in stocks of raw materiels	-1 320 949
- Other external purchases and charges	144 725 038
Added value	-9 302 355 €	1 180 435 €	-888,0%
	-2,06 % CA	23,19 % CA	-108,9%

Added value	-9 302 355 €	1 180 435 €	-888,0%
+ Operating grants	10 000
- Tax, duty and similar payments	2 359 135
- Personal charges	45 593 783
Gross operating surplus	-57 245 273 €	179 455 €	-31999,5%
	-12,69 % CA	5,38 % CA	-335,9%

Gross operating surplus	-57 245 273 €	179 455 €	-31999,5%
+ Release of reserves and provisions	15 440 337
+ Other operating income	471 309
- Depreciation/Amortisation	302 718 319
- Other charges	471 309
Operating result	-344 523 255 €	43 842 €	-785929,2%
	-76,38 % CA	2,30 % CA	-3420,9%

Operating result	-344 523 255 €	43 842 €	-785929,2%
+/- Result of joint-venture transferred from/to other partners	0
+ Financial income	2 652 874
- Financial charges	4 924 254
Pre-tax result	-346 794 635 €	31 020 €	-1118071,1%
	-76,88 % CA	2,03 % CA	-3887,2%

Extraordinary income	1 960	23 692	-91,7%
- Extraordinary charges	280 074
Extraordinary result	-278 114 €	-56 €	-496532,1%
	-0,06 % CA	-00,03 % CA	-100%

Pre-tax result	-346 794 635 €	31 020 €	-1118071,1%
Extraordinary result	-278 114 €	-56 €	-496532,1%
- Employee profit sharing	0
- Tax on profits	-751 051
Net result	-346 321 698 €	32 956 €	-1050960,8%
	-76,78 % CA	1,56 % CA	-5021,8%

judgements

Collective procedures

Courts

Judgment	Redressement judiciaire	Effective date	24/04/2013
Court	BOURG-EN-BRESSE

Details JUGEMENT DE REDRESSEMENT JUDICIAIRE : Par jugement du 27/03/2013 le Tribunal de Commerce de LYON a prononcé l'ouverture de redressement judiciaire sur déclaration de cessation des paiements Mandataire judiciaire : Me DUBOIS Patrick-Paul, 32 rue Molière 69006 LYON Administrateur : SELARL AJ PARTENAIRES, représentée par Me Bruno SAPIN, 174 rue de Créqui 69003 LYON, avec mission d'assurer seul et entièrement l'administration de la société Juge commissaire : DERDERIAN Daniel - DATE D'EFFET : 27/03/2013

Judgment	Redressement judiciaire	Effective date	09/04/2013
Court	MANOSQUE

Details JUGEMENT DE REDRESSEMENT JUDICIAIRE : En date du 27/03/2013 le Tribunal de Commerce de Lyon a prononcé le redressement judiciaire sur déclaration de cessation des paiements de la Société KEM ONE. Mandataire Judiciaire : Me DUBOIS Patrick-Paul - 32 rue Molière 69006 Lyon Administrateur : SELARL AJ PARTENAIRES représentée par Me Bruno SAPIN - 174 rue de Créqui 69003 Lyon Juge Commissaire : M. DERDERIAN Daniel - DATE D'EFFET : 27/03/2013

Judgment	Redressement judiciaire	Effective date	05/04/2013
Court	NIMES

Details Jugement du Tribunal de Commerce de Lyon en date du 27/03/2013 ouvrant la procédure de redressement judiciaire. Juge commissaire : Monsieur DERDERIAN Daniel, Mandataire judiciaire : Maître DUBOIS 32 RUE MOLIERE 69006 LYON, Administrateur judiciaire : Selarl AJ PARTENAIRES représentée par Maître Bruno SAPIN 174 RUE DE CRÉQUI 69003 LYON mission : assurer seul et entièrement l'administration de la société.

Judgment	Redressement judiciaire	Effective date	04/04/2013
Court	SALON DE PROVENCE

Details JUGEMENT DE REDRESSEMENT JUDICIAIRE : Par jugement en date du 27/03/2013, le Tribunal de commerce de Lyon a ouvert une procédure de redressement judiciaire à l'encontre de la société KEM ONE et a désigné: Juge commissaire: DERDERIAN Daniel Mandataire judiciaire: Me DUBOIS Patrick-Paul, 32 rue Molière 69006 Lyon Administrateur: SELARL AJ PARTENAIRES représenté par Me Bruno SAPIN, 174 rue de Créqui 69003 Lyon, ayant pour mission d'assurer seul et entièrement l'administration de la société Date d'effet: 27/03/2013 - DATE D'EFFET : 27/03/2013

Judgment	Redressement judiciaire	Effective date	27/03/2013
Court	LYON

Details Jugement du Tribunal de Commerce de Lyon en date du 27/03/2013 ouvrant la procédure de redressement judiciaire. Juge commissaire : Monsieur DERDERIAN Daniel, Juge commissaire suppléant : Monsieur JURY Alain, Mandataire Judiciaire : Maître DUBOIS Patrick-Paul 32 RUE MOLIÈRE 69006 LYON, Administrateur judiciaire : la Selarl AJ PARTENAIRES représentée par Me Bruno SAPIN 174 RUE DE CRÉQUI 69003 LYON mission : assurer seul et entièrement l'administration de la société. Date de cessation des paiements : 25/03/2013

Rncs

Judgment	Plan de continuation/Redressement	Effective date	20/12/2013

Director	LA SELARL AJ PARTENAIRES REPRÉSE	Position	Court-appointed reviewer of a proposal
Address	69003

Judgment	Redressement judiciaire	Effective date	27/03/2013

Director	LA SELARL AJ PARTENAIRES REPRÉSE	Position	Official receiver
Address	69003

Director	ME DUBOIS PATRICK-PAUL	Position	Representative judicial
Address	69006

Bodacc

Judgment	Autres jugements et ordonnances	Effective date	23/01/2014
Court	Lyon	Parution date from Gazette	13/02/2014

Jugement prononçant Autre jugement prononçant Le 23/01/2014, rectification d'erreur matérielle du jugement prononçant l'arrêté du plan de redressement en date du 20/12/2013

Judgment	Plan de continuation/Redressement	Effective date	20/12/2013
Court	Lyon	Parution date from Gazette	03/01/2014

Extrait de jugement Jugement de plan de redressement Jugement arrêtant le plan de redressement, durée du plan 10 ans nomme Commissaire à l'exécution du plan la Selarl Aj Partenaires Représentée par Me Bruno Sapin et Me Didier Lapierre 174 rue de Créqui 69003 Lyon

Judgment	Redressement judiciaire	Effective date	27/03/2013
Court	Lyon	Parution date from Gazette	11/04/2013

Jugement d'ouverture Jugement d'ouverture d'une procédure de redressement judiciaire Jugement prononçant l'ouverture d'une procédure de redressement judiciaire, date de cessation des paiements le 25 mars 2013 désignant administrateur la Selarl Aj Partenaires Représentée par Me Bruno Sapin 174 rue de Créqui 69003 Lyon, avec les pouvoirs : assurer seul et entièrement l'administration de la société, mandataire judiciaire Me Dubois Patrick-Paul 32 rue Molière 69006 Lyon. Les déclarations des créances sont à déposer au mandataire judiciaire dans les deux mois à compter de la présente publication.

Other sources

No recent judgment publication in other sources for the company.

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

Preferential rights details and history

Summary of preferential rights

Company monitored since	22/03/2013	Monitored stopped since	22/03/2014
Status of Monitoring	Collection of preferential rights for this company has been stopped by the Court

Group data

Ultimate parent company	KLESCH CHEMICALS LTD
Direct parent	KEM ONE HOLDING - 100 %
Group – Number of companies	8
Linkages – Number of companies	1
Number of countries	1

Group Structure

Company Name	SIREN	Parts	Last account published
KLESCH CHEMICALS LTD	-	-	-
KEM ONE HOLDING	538613159	100%	31/12/2011
KEM ONE	538695040	100%	31/12/2012
ALPHACAN	309745891	100%	31/12/2012
ALPHACAN S.P.A.	TN130103	100%	31/12/2012
ALPHACAN B.V.	16028740	100%	31/12/2012
ALPHACAN ESPANA TRANSFORMADOS SAU	-	99.92%	-
KEM ONE INNOVATIVE VINYLS	538695016	100%	31/12/2012

Shareholders

Linkages

Ultimate parent company	KLESCH CHEMICALS LTD
Direct parent	KEM ONE HOLDING - 100 %
Group – Number of companies	8
Linkages – Number of companies	1
Number of countries	1
Company Name		SIREN	Last account	Turnover
KEM ONE INNOVATIVE VINYLS		538695016	31/12/2012	0 €

event history

Status history

Date	Description
02/07/2012	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
26/03/2014	Bodacc B	Modification et mutation diverse

69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 2914 - 538 695 040 RCS Lyon. KEM ONE. Forme : Société par Actions Simplifiée. Administration : KLESCH Allan nom d'usage : KLESCH n'est plus président. Sté par actions simplifiée K1 Group SAS devient président représenté(e) par DE KRASSNY Alain François nom d'usage : DE KRASSNY. HORNE Edwin Charles nom d'usage : HORNE n'est plus directeur général. NEWMAN Joshua Mortyn nom d'usage : NEWMAN n'est plus directeur général. DEKKER Nicholas nom d'usage : DEKKER n'est plus directeur général. Activité : . Commentaires : Modification de l'administration.
15/03/2014	JAL	Modification of the share capital

Tout Lyon Affiches Date de décision : 18/02/2014 La société : 538695040 - KEM ONE, 210 AV JEAN JAURES, 69007 LYON 7EME a subi une augmentation de son capital social désormais de 98 025 001 € Date d'effet : 18/02/2014
15/02/2014	JAL	Resignation / Revocation of the social representative

Tout Lyon Affiches Date de décision : 04/02/2014 La société 538695040 - KEM ONE, 210 AV JEAN JAURES, 69007 LYON 7EME Fait l'objet du départ de Monsieur Allan KLESCH, Chemin de la Perrière 10 rez 1223 Cologny, 01211, GENEVE, De Monsieur Edwin HORNE, De Monsieur Joshua NEWMAN, De Monsieur Nicholas DEKKER
15/02/2014	JAL	Appointment of the social representative

Tout Lyon Affiches Date de décision : 04/02/2014 Société faisant l'objet d'une nomination : 538695040 - KEM ONE, 210 AV JEAN JAURES, 69007 LYON 7EME Nominé : Non renseignée K1 GROUP SAS, 75008 PARIS 08 En la fonction de : Président
13/02/2014	Bodacc A	Jugement prononçant

69 - RHONE TRIBUNAL DE COMMERCE DE LYON 1967 - Date : 23 janvier 2014. Autre jugement prononçant. 538 695 040 RCS Lyon. KEM ONE. Forme : Société par Actions Simplifiée. Activité : fabrication de produits chimiques. Adresse : 210 avenue Jean Jaurès, 69007 Lyon. Complément de jugement : Le 23/01/2014, rectification d'erreur matérielle du jugement prononçant l'arrêté du plan de redressement en date du 20/12/2013.
10/02/2014	Bodacc C	Comptes annuels et rapports

69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 7345 - 538695040 RCS. KEM ONE. Forme : Société par Actions Simplifiée. Adresse : 210 avenue Jean Jaurès 69007 Lyon. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
03/01/2014	Bodacc A	Extrait de jugement

69 - RHONE TRIBUNAL DE COMMERCE DE LYON 2755 - Date : 20 décembre 2013. Jugement de plan de redressement. 538 695 040 RCS Lyon. KEM ONE. Forme : Société par Actions Simplifiée. Activité : fabrication de produits chimiques. Adresse : 210 avenue Jean Jaurès, 69007 Lyon. Complément de jugement : Jugement arrêtant le plan de redressement, durée du plan 10 ans nomme Commissaire à l'exécution du plan la Selarl Aj Partenaires Représentée par Me Bruno Sapin et Me Didier Lapierre 174 rue de Créqui 69003 Lyon.
14/05/2013	Bodacc B	Modification et mutation diverse

69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 1044 - 538 695 040 RCS Lyon. KEM ONE. Forme : Société par Actions Simplifiée. Administration : JAUSSEME Bertrand Dominique nom d'usage : JAUSSEME n'est plus directeur général. Activité : . Commentaires : Modification de l'administration.
11/04/2013	Bodacc A	Jugement d'ouverture

69 - RHONE TRIBUNAL DE COMMERCE DE LYON 2513 - Date : 27 mars 2013. Jugement d'ouverture d'une procédure de redressement judiciaire. 538 695 040 RCS Lyon. KEM ONE. Forme : Société par Actions Simplifiée. Activité : fabrication de produits chimiques. Adresse : 210 avenue Jean Jaurès, 69007 Lyon. Complément de jugement : Jugement prononçant l'ouverture d'une procédure de redressement judiciaire, date de cessation des paiements le 25 mars 2013 désignant administrateur la Selarl Aj Partenaires Représentée par Me Bruno Sapin 174 rue de Créqui 69003 Lyon, avec les pouvoirs : assurer seul et entièrement l'administration de la société, mandataire judiciaire Me Dubois Patrick-Paul 32 rue Molière 69006 Lyon. Les déclarations des créances sont à déposer au mandataire judiciaire dans les deux mois à compter de la présente publication.
28/03/2013	JAL	Resignation / Revocation of the social representative

Tribune de Lyon Date de décision : 05/03/2013 La société 538695040 - KEM ONE, 210 AV JEAN JAURES, 69007 LYON 7EME Fait l'objet du départ de Monsieur Bertrand JAUSSEME
27/02/2013	Bodacc B	Modification et mutation diverse

69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 1390 - 538 695 040 RCS Lyon. KEM ONE. 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 Charles nom d'usage : HORNE devient directeur général. NEWMAN Joshua Mortyn nom d'usage : NEWMAN devient directeur général. JAUSSEME Bertrand Dominique nom d'usage : JAUSSEME devient directeur général. DEKKER Nicholas nom d'usage : DEKKER devient directeur général. Activité : . Commentaires : Modification de l'administration.
30/01/2013	JAL	Resignation / Revocation of the social representative

Progrès (Le)/Edition du Rhône Date de décision : 21/12/2012 La société 538695040 - KEM ONE, 210 AV JEAN JAURES, 69007 LYON 7EME Fait l'objet du départ de KLESCH CHEMICALS LIMITED
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 : 538695040 - KEM ONE, 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 Bertrand JAUSSEME, 69002 LYON 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
29/08/2012	Bodacc A	Vente et cession : Acheteur

30 - GARD GREFFE DU TRIBUNAL DE COMMERCE DE NÎMES 132 - 538 695 040 RCS Lyon. KEM ONE. Forme : Société par Actions Simplifiée. Adresse : 210 avenue Jean Jaurès, 69007 Lyon. Origine du fonds : Apport partiel d'actif 1 EUR. Etablissement : Etablissement secondaire. Activité : Exploitation d'un giseent de sel et transports de la saumure, production de sel. Adresse : Parrapon, 30600 Vauvert. Précédent propriétaire : ARKEMA FRANCE. 319 632 790 RCS Nîmes. Date de commencement de l’activité : 02/07/2012. Publication légale : Medialex 35 Avenue des Peupliers 35515 CESSON-SEVIGNE du 25/07/2012. Déclarations des créances : Greffe du Tribunal de Commerce de Nîmes. Descriptif : . Commentaires : Achat d'un établissement secondaire ou complémentaire par une personne morale.
24/08/2012	Bodacc A	Immatriculation

69 - RHONE GREFFE DU TRIBUNAL DE COMMERCE DE LYON 642 - 538 695 040 RCS Lyon. KEM ONE. 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 538695040 - DIFI 7 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
02/08/2012	Bodacc B	Modification et mutation diverse

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1195 - 538 695 040 RCS Nanterre. DIFI 7. Forme : Société par actions simplifiée à associé unique. Capital : 88025001 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 538695040 - DIFI 7 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
22/07/2012	Bodacc B	Modification et mutation diverse

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1191 - 538 695 040 RCS Nanterre. DIFI 7. Forme : Société par actions simplifiée à associé unique. Administration : Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT en fonction le 21 Décembre 2011 Commissaire aux comptes suppléant : AUDITEX en fonction le 21 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 14350 - 538695040 RCS. DIFI 7. 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 : 538695040 - DIFI 7, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Nominé : Non renseignée KLESCH CHEMICALS LTD, VLT 1451 VALETTA 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 538695040 - DIFI 7, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Fait l'objet du départ de Monsieur Thomas LESTAVEL
29/04/2012	Bodacc B	Modification et mutation diverse

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1664 - 538 695 040 RCS Nanterre. DIFI 7. Forme : Société par actions simplifiée à associé unique. Administration : Commissaire aux comptes titulaire : ERNST & YOUNG AUDIT en fonction le 21 Décembre 2011 Commissaire aux comptes suppléant : AUDITEX en fonction le 21 Décembre 2011 Président : LESTAVEL Thomas en fonction le 20 Avril 2012. Activité : . Commentaires : Modification de représentant.
16/04/2012	JAL	Appointment of the social representative

Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 12/04/2012 Société faisant l'objet d'une nomination : 538695040 - DIFI 7, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Nominé : Monsieur Thomas LESTAVEL, 75004 PARIS 04 En la fonction de : Président
16/04/2012	JAL	Resignation / Revocation of the social representative

Petites affiches (Les) - La Loi - Le Quotidien juridique - archives commerciales de la France Date de décision : 12/04/2012 La société 538695040 - DIFI 7, 420 RUE ESTIENNE D ORVES, 92700 COLOMBES Fait l'objet du départ de Madame Christiane CHAPUIS
03/01/2012	Bodacc A	Création d'établissement

92 - HAUTS-DE-SEINE GREFFE DU TRIBUNAL DE COMMERCE DE NANTERRE 1313 - 538 695 040 RCS Nanterre. DIFI 7. 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 : 25000 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 dérives, sous-produits divers et de tous produits Parachimiques. Adresse : . Date de commencement de l’activité : 21/12/2011. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
26/03/2014	Amendment
26/03/2014	Bodacc B: Various editing or changing
26/03/2014	Minutes of general meeting of shareholders
26/03/2014	Updated articles of association
26/03/2014	Fund deposit certificate
22/03/2014	Collection of preferential rights for this company has been stopped by the Court
05/03/2014	Other modification of Establishment
05/03/2014	Update of Company Workforce
25/02/2014	Appointment/resignation of company officers
25/02/2014	Amendment
18/02/2014	Legal Gazette: Modification of the share capital
15/02/2014	Legal Gazette: Resignation / Revocation of the social representative
13/02/2014	New collective procedure
10/02/2014	Bodacc C : Deposit accounts notice
04/02/2014	Legal Gazette: Appointment of the social representative
20/01/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
18/01/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
03/01/2014	New collective procedure
20/12/2013	New collective procedure
09/09/2013	Application and court order
24/06/2013	Application and court order
14/05/2013	Bodacc B: Various editing or changing
24/04/2013	New collective procedure
11/04/2013	New collective procedure
10/04/2013	Appointment/resignation of company officers
09/04/2013	New collective procedure
05/04/2013	New subsidiarie(s) detected
05/04/2013	New ultimate parent
05/04/2013	New parent detected
05/04/2013	New collective procedure
04/04/2013	New collective procedure
28/03/2013	Legal Gazette: Resignation / Revocation of the social representative
27/03/2013	New collective procedure
27/03/2013	New collective procedure
22/03/2013	Collection of preferential rights activated for this company
27/02/2013	Bodacc B: Various editing or changing
30/01/2013	Updated articles of association
30/01/2013	Legal Gazette: Resignation / Revocation of the social representative
30/01/2013	Amendment
31/12/2012	New accounts available
21/12/2012	Legal Gazette: Appointment of the social representative
29/08/2012	Bodacc A : Sale and transfer
24/08/2012	Bodacc A : Registration
04/08/2012	Legal Gazette: Head Office Transfer
02/08/2012	Bodacc B: Various editing or changing
01/08/2012	Updated articles of association
01/08/2012	Amendment
26/07/2012	Legal Gazette: Head Office Transfer
25/07/2012	Amendment
25/07/2012	Updated articles of association
25/07/2012	Partial contribution
25/07/2012	Capital increase
25/07/2012	Declaration of conformity
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	Update of Company Name
02/07/2012	Update of Company Head Office Identifier
02/07/2012	Update of Company Activity
02/07/2012	Transfer of Establishment
02/07/2012	Other modification of Establishment
02/07/2012	Modification of Company Activity
02/07/2012	Formation of Establishment
02/07/2012	Legal Gazette: Appointment of the social representative
21/06/2012	Audit or Management Report
01/06/2012	Updated articles of association
01/06/2012	Amendment
01/06/2012	Partial contribution
29/04/2012	Bodacc B: Various editing or changing
20/04/2012	New chairman (CEO, CoB)
20/04/2012	Amendment
16/04/2012	Legal Gazette: Resignation / Revocation of the social representative
12/04/2012	Legal Gazette: Appointment of the social representative
19/01/2012	Application and court order
19/01/2012	Amendment
03/01/2012	Bodacc A : Establishment creation
21/12/2011	Articles of association
21/12/2011	Company formation

Establishment events history

Date	Description
05/03/2014	Update of Establishment Workforce
05/02/2014	Update of phone numbers
02/07/2012	Modification of Head office
02/07/2012	Modification of Head office Activity
02/07/2012	Formation of Head office (after transfer)
02/07/2012	Update of Establishment Workforce
02/07/2012	Update of Establishment Activity

directors

Shareholder(s)

Name	K1 GROUP SAS
Name of representative	M DE KRASSNY ALAIN FRANÇOIS
Manager position	President	Date of birth	02/10/1942
Place of birth	NICE
Type	Moral person	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	KLESCH CHEMICALS LTD	- - -
President	M ALLAN KLESCH	16/01/1947 - CLEVELAND(ETATS-UNIS D'AMERIQUE)
Managing director	M NICHOLAS DEKKER	30/07/1964 - DURBAN(AFRIQUE DU SUD)
Managing director	M EDWIN CHARLES HORNE	22/06/1955 - LONDRES(ROYAUME-UNI)
Managing director	M JOSHUA MORTYN NEWMAN	01/06/1979 - COLCHESTER(ROYAUME-UNI)
Managing director	M JOSHUA MORTYN NEWMAN	01/06/1979 - COLCHESTER(ROYAUME-UNI)

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.50
UK Pound	1	Rs.101.69
Euro	1	Rs.83.62

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	NNA

RATING EXPLANATIONS

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

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

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

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

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