MIRA INFORM REPORT

Report Date :

09.06.2014

IDENTIFICATION DETAILS

Name :	LANXESS EMULSION RUBBER

Registered Office :	Rue Du Ried, 67610 La Wantzenau

Country :	France

Financials (as on) :	31.12.2011

Date of Incorporation :	November, 2004

Legal Form :	Simplified joint stock company

Line of Business :	Manufacture of synthetic rubber

No. of Employees :	250 to 499 employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No complaints
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

Top of Form


	Name	LANXESS EMULSION RUBBER	SIRET	479 372 377 00024

Personal comment

company summary

		EUR VAT Number	FR90479372377
Activity (APE)	Manufacture of synthetic rubber (2017Z)	Legal form	Simplified joint stock company
Phone	01 39 83 96 54	RCS Registration	RCS Strasbourg 0 479 372 377
Fax		Share capital	19,103,500 Euros
Address	LANXESS EMULSION RUBBER RUE DU RIED 67610 LA WANTZENAU	Incorporated Date	11/2004
Nationality	France	Status	Economically active

This company is not under monitoring

	Ultimate Holding Company
	Company Name
	LANXESS AG

Current Directors

Trading to Date	12/31/2011	12/31/2010	12/31/2009
Turnover	275,215,036 €	202,999,311 €	119,216,393 €
Gross Operating Surplus	7,72 % Turnover	5,59 % Turnover	-2,27 % Turnover
Shareholdersâ€™ equity	50,402,399 €	36,657,484 €	32,538,247 €
Net result	7,020,741 €	512,935 €	-10,107,878 €
Employees	250 to 499 employees	-	-

Company details

Activity (APE)	Manufacture of synthetic rubber (2017Z)
RCS Registration	RCS Strasbourg 0 479 372 377	Share capital	19,103,500 Euros
Registration Court	Strasbourg (67)	Legal form	Simplified joint stock company
Court Registry Number	20 0 5B00153	EUR VAT Number	FR90479372377
Incorporation Date	11/2004	Formation Date	11/2004
Deregistration Date		Last account Date	31/12/2011
Nationality	France

Establishment details

Activity (APE)	Manufacture of synthetic rubber (2017Z)	Business Pages FT®	CAOUTCHOUC: MATIERES PREMIERES (PRODUCTION, DISTRIBUTION)
Postal Address	LANXESS EMULSION RUBBER RUE DU RIED 67610 LA WANTZENAU	Trading Address	RUE DU RIED 67610 LA WANTZENAU
Telephone	01 39 83 96 54
Fax

Type	Head office (one site company)	Status	Economically active
Formation Date	01/2005	Reason for formation	Other
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	Other
Location surface		Seasonality

Department	Bas-Rhin (67)	Region	Alsace
District	6	Area	05
City	LA WANTZENAU	Size of urban area

Other establishments

	Branches	1 branch entities in this company

	Head office	> LANXESS EMULSION RUBBER <<< - Fabrication de caoutchouc synthÃ©tique (2017Z) in LA WANTZENAU (67610)

	Secondary establishments

	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	250 to 499 employees	Company workforce	250 to 499 employees

accounts

Active Account | Passive Account | Account Results

Synthesized Accounts

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

Annual Accounts	31/12/2011	31/12/2010	31/12/2009
Account period (month)	12	12	12
Account Type	Normal	Normal	Normal
Date of capture	08/01/2013	14/10/2011	15/09/2010
Activity Code	2017Z	2017Z	2017Z
Employees	0	0	322

Active account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Capital not called	0	0%	0	0%	0	0	0%
Total fixed assets	51Â 720Â 707	-1,4%	52Â 463Â 238	10,3%	47Â 549Â 455	799Â 130	6372,1%
- Intangible assets	5Â 121Â 168	-17,3%	6Â 189Â 383	4,9%	5Â 898Â 495	229Â 899	2127,6%
- Tangible assets	46Â 593Â 839	0,7%	46Â 265Â 345	11,1%	41Â 642Â 450	744Â 173	6161,2%
- Financial assets	5Â 700	-33,0%	8Â 510	0%	8Â 510	6Â 103	-6,6%
Net current assets	77Â 635Â 445	11,8%	69Â 452Â 852	24,7%	55Â 681Â 013	4Â 461Â 287	1640,2%
- Stocks	46Â 027Â 163	47,1%	31Â 295Â 231	2,5%	30Â 536Â 020	380Â 326	12002,0%
- Advanced payments	259Â 734	11,8%	88Â 266	-69,6%	290Â 003	0	0%
- Receivables	31Â 347Â 857	-17,3%	37Â 923Â 706	55,4%	24Â 400Â 181	3Â 147Â 387	896,0%
- Securities and cash	691	-99,5%	145Â 649	-68,0%	454Â 809	14Â 174	-95,1%
- Prepaid expenses	-	-	-	-	-	-	-
Accounts of regularization	1Â 893	0%	0	0%	0	0	0%
Total Assets	129Â 358Â 045	6,1%	121Â 916Â 090	18,1%	103Â 230Â 468	5Â 260Â 420	2359,1%

Passive Account

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Shareholders' equity	50Â 402Â 399	37,5%	36Â 657Â 484	12,7%	32Â 538Â 247	2Â 075Â 596	2328,3%
Share capital	19Â 103Â 500	0%	19Â 103Â 500	0%	19Â 103Â 500	4Â 000Â 153	377,6%
Other capital resources	704Â 288	-12,5%	804Â 900	0%	0	0	0%
Risk Provisions	3Â 629Â 710	441,5%	670Â 282	7,2%	625Â 218	765Â 891	373,9%
Liabilities	74Â 096Â 288	-11,2%	83Â 482Â 309	21,2%	68Â 898Â 894	7Â 368Â 365	905,6%
- Financial liabilities	40Â 022Â 267	2,6%	39Â 025Â 568	8,4%	36Â 017Â 211	4Â 227Â 063	846,8%
- Advanced payments received	0	0%	0	0%	0	0	0%
- Trade account payables	18Â 523Â 042	-11,6%	20Â 963Â 009	54,0%	13Â 616Â 083	2Â 419Â 255	665,7%
- Tax and social liabilities	9Â 889Â 398	12,3%	8Â 806Â 115	2,8%	8Â 567Â 260	527Â 519	1774,7%
- Other debts and fixed assets liabilities	5Â 628Â 510	-56,8%	13Â 036Â 625	49,2%	8Â 736Â 878	1Â 073Â 106	424,5%
Account regularization	558Â 434	-71,4%	1Â 952Â 105	-16,0%	2Â 324Â 670	0	0%
Total liabilities	129Â 358Â 047	6,1%	121Â 916Â 088	18,1%	103Â 230Â 467	5Â 260Â 420	2359,1%

Results

Annual Accounts	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Sales of Goods	291Â 767Â 168	46,6%	198Â 995Â 861	71,1%	116Â 287Â 738	10Â 017Â 098	2812,7%
Net turnover	275Â 215Â 036	35,6%	202Â 999Â 311	70,3%	119Â 216Â 393	9Â 853Â 808	2693,0%
- of which net export turnover	261Â 982Â 928	35,3%	193Â 589Â 828	72,2%	112Â 398Â 226	0	0%
Operating charges	281Â 738Â 287	45,0%	194Â 265Â 738	55,4%	125Â 008Â 543	10Â 010Â 001	2714,6%
Operating profit/loss	10Â 028Â 881	112,0%	4Â 730Â 123	154,2%	-8Â 720Â 805	321Â 529	3019,1%
Financial income	13Â 122Â 977	79,7%	7Â 304Â 255	182,7%	2Â 583Â 962	18Â 985	69022,9%
Financial charges	8Â 670Â 846	7,4%	8Â 070Â 124	89,4%	4Â 260Â 676	24Â 030	35983,4%
Financial profit/loss	4Â 452Â 131	681,3%	-765Â 869	54,3%	-1Â 676Â 714	236	1886396,2%
Pretax net operating income	14Â 481Â 012	265,3%	3Â 964Â 254	138,1%	-10Â 397Â 519	321Â 766	4400,5%
Extraordinary income	3Â 628Â 442	0%	0	0%	0	181Â 173	1902,7%
Extraordinary charges	10Â 370Â 736	180,9%	3Â 692Â 593	3319,7%	107Â 979	283Â 579	3557,1%
Extraordinary profit/loss	-6Â 742Â 293	-82,6%	-3Â 692Â 593	-3319,7%	-107Â 979	-2Â 500	-269591,7%
Net result	7Â 020Â 741	1268,7%	512Â 935	105,1%	-10Â 107Â 878	291Â 808	2305,9%

Display parameter
Currency	Euro	Kilo Euro

	Normal Account		31/12/2011		31/12/2010		31/12/2009
	Months		12		12		12

Accounts - Active
Current Assets | Equalization accounts | Reference

Grand Total - Passive Accounts (I to IV)

		31/12/2011		31/12/2010		31/12/2009
Grand Total (I to VI)	Net	129Â 358Â 045	6,1%	121Â 916Â 090	18,1%	103Â 230Â 468
Gross	CO	165Â 966Â 257	10,4%	150Â 293Â 018	20,1%	125Â 181Â 381
Amortisation	1A	36Â 608Â 212	29,0%	28Â 376Â 928	29,3%	21Â 950Â 913

Non declared distributed capital (I)

		31/12/2011		31/12/2010		31/12/2009
Non declared distributed capital (I)	AA3	0	0%	0	0%	0
Gross	AA	0	0%	0	0%	0

Active fixed asset (II)

		31/12/2011		31/12/2010		31/12/2009
Total Active fixed asset (II)	Net	51Â 720Â 707	-1,4%	52Â 463Â 238	10,3%	47Â 549Â 455
Gross	BJ	85Â 121Â 721	7,4%	79Â 270Â 232	15,2%	68Â 824Â 806
Amortisation	BK	33Â 401Â 014	24,6%	26Â 806Â 994	26,0%	21Â 275Â 351

Intangilble fixed assets

			31/12/2011		31/12/2010		31/12/2009
	Start-up cost	Net	0	0%	0	0%	0
	Gross	AB	0	0%	0	0%	0
	Amortisation	AC	0	0%	0	0%	0
	R & D expenses	Net	0	0%	0	0%	0
	Gross	CX	0	0%	0	0%	0
	Amortisation	AE	0	0%	0	0%	0
	Distributorships, patents	Net	2Â 731Â 168	-28,1%	3Â 799Â 383	8,3%	3Â 508Â 495
	Gross	AF	2Â 784Â 400	-27,7%	3Â 852Â 615	8,5%	3Â 551Â 167
	Amortisation	AG	53Â 232	0%	53Â 232	24,7%	42Â 672
	Goodwill	Net	2Â 390Â 000	0%	2Â 390Â 000	0%	2Â 390Â 000
	Gross	AH	2Â 390Â 000	0%	2Â 390Â 000	0%	2Â 390Â 000
	Amortisation	AI	0	0%	0	0%	0
	Other intangible fixed assets	Net	0	0%	0	0%	0
	Gross	AJ	0	0%	0	0%	0
	Amortisation	AK	0	0%	0	0%	0
	Pre-payments and downpayments	Net	0	0%	0	0%	0
	Gross	AL	0	0%	0	0%	0
	Amortisation	AM	0	0%	0	0%	0
Sub Total Intangible Assets		Net	5Â 121Â 168	-17,3%	6Â 189Â 383	4,9%	5Â 898Â 495

Tangilble fixed assets

		31/12/2011		31/12/2010		31/12/2009
Lands	Net	73Â 220	-56,4%	168Â 098	14,3%	147Â 029
Gross	AN	939Â 134	0%	939Â 134	-1,9%	957Â 770
Amortisation	AO	865Â 914	12,3%	771Â 036	-4,9%	810Â 741
Buildings	Net	11Â 097Â 771	-0,3%	11Â 127Â 104	113,0%	5Â 224Â 656
Gross	AP	14Â 867Â 905	5,5%	14Â 093Â 489	88,0%	7Â 497Â 278
Amortisation	AQ	3Â 770Â 134	27,1%	2Â 966Â 385	30,5%	2Â 272Â 622
Plant	Net	30Â 712Â 342	-7,3%	33Â 139Â 301	12,7%	29Â 412Â 105
Gross	AR	58Â 877Â 323	5,7%	55Â 715Â 733	18,1%	47Â 190Â 158
Amortisation	AS	28Â 164Â 981	24,8%	22Â 576Â 432	27,0%	17Â 778Â 053
Other tangible fixed assets	Net	398Â 352	25,7%	316Â 973	49,3%	212Â 246
Gross	AT	945Â 105	24,9%	756Â 882	29,7%	583Â 509
Amortisation	AU	546Â 753	24,3%	439Â 909	18,5%	371Â 263
Fixed assets in construction	Net	4Â 312Â 154	184,8%	1Â 513Â 869	-77,2%	6Â 646Â 414
Gross	AV	4Â 312Â 154	184,8%	1Â 513Â 869	-77,2%	6Â 646Â 414
Amortisation	AW	0	0%	0	0%	0
Advances and payments on account	Net	0	0%	0	0%	0
Gross	AX	0	0%	0	0%	0
Amortisation	AY	0	0%	0	0%	0
Sub Total Tangible asset	Net	46Â 593Â 839		46Â 265Â 345		41Â 642Â 450

Financial assets

		31/12/2011		31/12/2010		31/12/2009
Associates at equity	Net	0	0%	0	0%	0
Gross	CS	0	0%	0	0%	0
Amortisation	CT	0	0%	0	0%	0
Other participations	Net	0	0%	0	0%	0
Gross	CU	0	0%	0	0%	0
Amortisation	CV	0	0%	0	0%	0
Inter-company receivables	Net	0	0%	0	0%	0
Gross	BB	0	0%	0	0%	0
Amortisation	BC	0	0%	0	0%	0
Other investment securities	Net	0	0%	0	0%	0
Gross	BD	0	0%	0	0%	0
Amortisation	BE	0	0%	0	0%	0
Loans	Net	0	0%	0	0%	0
Gross	BF	0	0%	0	0%	0
Amortisation	BG	0		0		0
Other financial assets	Net	5Â 700	-33,0%	8Â 510	0%	8Â 510
Gross	BH	5Â 700	-33,0%	8Â 510	0%	8Â 510
Amortisation	BI	0	0%	0	0%	0
Sub Total Financial Assets		5Â 700		8Â 510		8Â 510

Current Assets (III)

		31/12/2011		31/12/2010		31/12/2009
Total Assets	Net	77Â 635Â 445	11,8%	69Â 452Â 852	24,7%	55Â 681Â 013
Gross	CJ	80Â 842Â 643	13,8%	71Â 022Â 786	26,0%	56Â 356Â 575
Amortisation	CK	3Â 207Â 198	104,3%	1Â 569Â 934	132,4%	675Â 562

Stocks

		31/12/2011		31/12/2010		31/12/2009
Raw materials	Net	9Â 176Â 917	31,2%	6Â 992Â 530	-1,8%	7Â 123Â 511
Gross	BL	9Â 194Â 712	30,9%	7Â 025Â 882	-1,8%	7Â 154Â 377
Amortisation	BM	17Â 795	-46,6%	33Â 352	8,1%	30Â 866
Work in progress (goods)	Net	23Â 741	259,3%	6Â 607	-76,4%	28Â 036
Gross	BN	23Â 741	259,3%	6Â 607	-76,4%	28Â 036
Amortisation	BO	0	0%	0	0%	0
Work in progress (services)	Net	0	0%	0	0%	0
Gross	BP	0	0%	0	0%	0
Amortisation	BQ	0	0%	0	0%	0
Semi-finished and finished products	Net	36Â 826Â 505	51,6%	24Â 296Â 094	22,5%	19Â 830Â 452
Gross	BR	39Â 893Â 690	54,5%	25Â 825Â 826	26,1%	20Â 475Â 148
Amortisation	BS	3Â 067Â 185	100,5%	1Â 529Â 732	137,3%	644Â 696
Goods for resale	Net	0	0%	0	0%	3Â 554Â 021
Gross	BT	0	0%	0	0%	3Â 554Â 021
Amortisation	BU	0	0%	0	0%	0
Sub Total Stocks	Net	46Â 027Â 163	47,1%	31Â 295Â 231	2,5%	30Â 536Â 020

Advance payments to suppliers

		31/12/2011		31/12/2010		31/12/2009
Advance payments to suppliers	Net	259Â 734	194,3%	88Â 266	-69,6%	290Â 003
Gross	BV	259Â 734	194,3%	88Â 266	-69,6%	290Â 003
Amortisation	BW	0	0%	0	0%	0

Debtors

		31/12/2011		31/12/2010		31/12/2009
Trade accounts receivable	Net	27Â 199Â 402	-14,6%	31Â 862Â 624	73,1%	18Â 407Â 425
Gross	BX	27Â 321Â 620	-14,3%	31Â 869Â 474	73,1%	18Â 407Â 425
Amortisation	BY	122Â 218	1684,2%	6Â 850	0%	0
Other debtors	Net	4Â 148Â 455	-31,6%	6Â 061Â 082	1,4%	5Â 977Â 696
Gross	BZ	4Â 148Â 455	-31,6%	6Â 061Â 082	1,4%	5Â 977Â 696
Amortisation	CA	0	0%	0	0%	0
Capital subscribed and called up	Net	0	0%	0	0%	0
Gross	CB	0	0%	0	0%	0
Amortisation	CC	0	0%	0	0%	0
Sub Total Debtors	Net	31Â 347Â 857	-17,3%	37Â 923Â 706	55,5%	24Â 385Â 121

Divers

		31/12/2011		31/12/2010		31/12/2009
Investment securities	Net	0	0%	0	0%	0
Gross	CD	0	0%	0	0%	0
Amortisation	CE	0	0%	0	0%	0
Cash and cash equivalents	Net	691	-99,5%	145Â 649	-68,0%	454Â 809
Gross	CF	691	-99,5%	145Â 649	-68,0%	454Â 809
Amortisation	CG	0	0%	0	0%	0
Sub Total Divers	Net	691	-99,5%	145Â 649	-68,0%	454Â 809

Prepaid expenses

		31/12/2011		31/12/2010		31/12/2009
Prepaid expenses	Net	0	0%	0	0%	15Â 060
Gross	CH	0	0%	0	0%	15Â 060
Amortisation	CI	0	0%	0	0%	0

Equalization accounts (IV to VI)

		31/12/2011		31/12/2010		31/12/2009
Multi-period charges	CW3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Premiums on redemption of bonds	CM3	0	0%	0	0%	0
Gross		0	0%	0	0%	0
Currency differential gain	CN3	1Â 893	0%	0	0%	0
Gross		1Â 893	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Due within one year	CP	0	0%	0	0%	0
Due after one year	CR	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

Accounts – Passive

Grand Total - Passive Accounts (I to IV)

			31/12/2011		31/12/2010		31/12/2009
	Grand Total (I to V)	EE	129Â 358Â 047	6,1%	121Â 916Â 088	18,1%	103Â 230Â 467

Shareholder Equity (I)

		31/12/2011		31/12/2010		31/12/2009
Total shareholders' equity (Total I)	DL	50Â 402Â 399	37,5%	36Â 657Â 484	12,7%	32Â 538Â 247
Equity and shareholders' equity	DA	19Â 103Â 500	0%	19Â 103Â 500	0%	19Â 103Â 500
Issue and merger premiums	DB	17Â 413Â 457	0%	17Â 413Â 457	0%	17Â 413Â 457
Revaluation differentials	DC	0	0%	0	0%	0
Of which equity differential	EK	0	0%	0	0%	0
Legal reserve	DD	0	0%	0	0%	0
Statutory or contractual reserve	DE	0	0%	0	0%	0
Special regulated reserves	DF	0	0%	0	0%	0
Of which special reserve of provisions for current fluctuation	B1	0	0%	0	0%	0
Other reserves	DG	0	0%	0	0%	6Â 000Â 000
Of which reserve for buying originals works from alive artists	EJ	0		0	0%	0
Profits or losses brought forward	DH	-3Â 594Â 943	12,5%	-4Â 107Â 878	0%	0
Profit or loss for the period	DI	7Â 020Â 741	1268,7%	512Â 935	105,1%	-10Â 107Â 878
Investment grants	DJ	88Â 908	-18,5%	109Â 038	-15,6%	129Â 168
Special tax-allowable reserves	DK	10Â 370Â 735	186,0%	3Â 626Â 432	0%	0

Other capital resources (II)

		31/12/2011		31/12/2010		31/12/2009
Total other capital resources (Total II)	DO	704Â 288	-12,5%	804Â 900	0%	0
Income from participating securities	DM	0	0%	0	0%	0
Conditional loans	DN	704Â 288	-12,5%	804Â 900	0%	804Â 900

Provisions for risks and charges (III)

		31/12/2011		31/12/2010		31/12/2009
Total provisions for risks and charges (Total III)	DR	3Â 629Â 710	441,5%	670Â 282	7,2%	625Â 218
Risk provisions	DP	2Â 510Â 154	423,6%	479Â 402	8,0%	444Â 089
Reserves for charges	DQ	1Â 119Â 556	486,5%	190Â 880	5,4%	181Â 129

Liabilities (IV)

		31/12/2011		31/12/2010		31/12/2009
Total Liabilities (Total IV)	EC	74Â 096Â 288	-11,2%	83Â 482Â 309	21,2%	68Â 898Â 894
Convertible debentures	DS	0	0%	0	0%	0
Other debentures	DT	0	0%	0	0%	0
Bank loans and liabilities	DU	0	0%	2Â 038	118,9%	931
Sundry loans and financial liabilities	DV	40Â 022Â 267	2,6%	39Â 023Â 530	8,3%	36Â 016Â 280
Of which participating loans	EI	0	0%	0	0%	0
Advance payments received for current orders	DW	0	0%	0	0%	0
Trade accounts payables	DX	18Â 523Â 042	-11,6%	20Â 963Â 009	54,0%	13Â 616Â 083
Tax and social security liabilities	DY	9Â 889Â 398	12,3%	8Â 806Â 115	2,8%	8Â 567Â 260
Fixed asset liabilities	DZ	0	0%	0	0%	0
Other debts	EA	5Â 103Â 147	-59,9%	12Â 735Â 512	52,1%	8Â 373Â 670

Translation loss (V)

			31/12/2011		31/12/2010		31/12/2009
	Translation loss (Total V)	ED	525Â 363	74,5%	301Â 113	-17,1%	363Â 208

Equalization accounts

			31/12/2011		31/12/2010		31/12/2009
	Deferred income	EB	558Â 434	-71,4%	1Â 952Â 105	-16,0%	2Â 324Â 670

References

		31/12/2011		31/12/2010		31/12/2009
Of which tax-allowable reserve	EF	0	0%	0	0%	0
Deferred income and liabilities	EG	74Â 096Â 268	-11,2%	83Â 482Â 310	1111,7%	6Â 889Â 884
Of which current bank facilities	EH	0	0%	0	0%	0

Display parameter
Currency	Euro	Kilo Euro

			31/12/2011		31/12/2010		31/12/2009
	Operating result (Total I-II)	GG	10Â 028Â 881	112,0%	4Â 730Â 123	154,2%	-8Â 720Â 805

2 - Financial result (V - VI)

			31/12/2011		31/12/2010		31/12/2009
	Financial result (Total V-VI)	GV	4Â 452Â 131	681,3%	-765Â 869	54,3%	-1Â 676Â 714

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

			31/12/2011		31/12/2010		31/12/2009
	Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	14Â 481Â 012	265,3%	3Â 964Â 254	138,1%	-10Â 397Â 519

4 - Extraordinary result (VII-VIII)

			31/12/2011		31/12/2010		31/12/2009
	Extraordinary result (Total VII-VIII)	HI	-6Â 742Â 293	-82,6%	-3Â 692Â 593	-3319,7%	-107Â 979

Profit or loss

			31/12/2011		31/12/2010		31/12/2009
	Profit or loss	HN	7Â 020Â 741	1268,7%	512Â 935	105,1%	-10Â 107Â 878

Total Income (I+III+V+VII)

			31/12/2011		31/12/2010		31/12/2009
	Total Income (I+III+V+VII)	HL	308Â 518Â 587	49,5%	206Â 300Â 116	73,5%	118Â 871Â 700

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

			31/12/2011		31/12/2010		31/12/2009
	Total charges (Total II+IV+VI+VIII+IX+X)	HM	301Â 497Â 845	46,5%	205Â 787Â 182	59,6%	128Â 979Â 577

Operating income (I)

			31/12/2011		31/12/2010		31/12/2009
	Total operating income (Total I)	FR	291Â 767Â 168	46,6%	198Â 995Â 861	71,1%	116Â 287Â 738

Operating income (details)

		31/12/2011		31/12/2010		31/12/2009
Sale of goods for resale	FC	0	0%	3Â 982Â 288	-51,1%	8Â 144Â 253
France	FA	0	0%	0	0%	489Â 814
Export	FB	0	0%	3Â 982Â 288	-48,0%	7Â 654Â 439
Sale of goods produced	FF	272Â 390Â 950	38,4%	196Â 790Â 323	85,3%	106Â 208Â 363
France	FD	13Â 053Â 029	38,7%	9Â 409Â 483	52,5%	6Â 169Â 651
Export	FE	259Â 337Â 921	38,4%	187Â 380Â 840	87,3%	100Â 038Â 712
Sale of services	FI	2Â 824Â 086	26,8%	2Â 226Â 700	-54,2%	4Â 863Â 777
France	FG	179Â 079	0%	0	0%	158Â 702
Export	FH	2Â 645Â 007	18,8%	2Â 226Â 700	-52,7%	4Â 705Â 075
Net turnover	FL	275Â 215Â 036	35,6%	202Â 999Â 311	70,3%	119Â 216Â 393
France	FJ	13Â 232Â 108	40,6%	9Â 409Â 483	38,0%	6Â 818Â 167
Export	FK	261Â 982Â 928	35,3%	193Â 589Â 828	72,2%	112Â 398Â 226
Stocked production	FM	14Â 084Â 999	336,9%	-5Â 946Â 742	-59,2%	-3Â 736Â 474
Self-constructed assets	FN	0	0%	0	0%	0
Operating grants	FO	0	0%	0	0%	0
Release of reserves and provisions	FP	2Â 113Â 210	71,1%	1Â 234Â 931	287,3%	318Â 835
Other income	FQ	353Â 923	-50,0%	708Â 361	44,9%	488Â 984

Operating charges (II)

			31/12/2011		31/12/2010		31/12/2009
	Total operating charges (Total II)	GF	281Â 738Â 287	45,0%	194Â 265Â 738	55,4%	125Â 008Â 543

Exploitation charges

		31/12/2011		31/12/2010		31/12/2009
Purchase of goods for resale	FS	0	0%	6Â 079	-99,9%	12Â 051Â 428
Change in stocks of goods for resale	FT	0	0%	3Â 554Â 021	200,5%	-3Â 536Â 429
Purchase of raw materials	FU	200Â 023Â 299	74,4%	114Â 688Â 340	113,9%	53Â 625Â 498
Change in stocks of raw materials	FV	-2Â 168Â 830	-1787,9%	128Â 496	-92,9%	1Â 813Â 829
Other external purchases and charges	FW	40Â 167Â 293	1,8%	39Â 472Â 415	32,2%	29Â 864Â 594
Tax, duty and similar payments	FX	3Â 441Â 567	-3,7%	3Â 575Â 537	23,9%	2Â 885Â 885
Payroll	FY	18Â 748Â 955	10,5%	16Â 964Â 146	16,7%	14Â 541Â 761
Social security costs	FZ	7Â 834Â 899	7,0%	7Â 319Â 300	5,6%	6Â 933Â 856

Depreciation

		31/12/2011		31/12/2010		31/12/2009
Depreciation of fixed assets	GA	6Â 597Â 253	18,4%	5Â 572Â 141	14,8%	4Â 855Â 480
Amortisation of fixed assets	GB	0	0%	0	0%	0
Depreciation/amortisation of current assets	GC	3Â 200Â 348	103,9%	1Â 569Â 934	132,4%	675Â 562
Provisions for risks and charges	GD	2Â 973Â 488	507,9%	489Â 153	37,4%	356Â 027

Other charges

			31/12/2011		31/12/2010		31/12/2009
	Other charges	GE	920Â 015	-0,7%	926Â 176	-1,6%	941Â 052

Operating charges (III-IV)

		31/12/2011		31/12/2010		31/12/2009
Share of joint-venture transferred to other partner(s) (Total III)	GH	0	0%	0	0%	0
Share of joint venture transferred from other partner(s) (Total IV)	GI	0	0%	0	0%	0

Financial income (V)

		31/12/2011		31/12/2010		31/12/2009
Total financial income (Total V)	GP	13Â 122Â 977	79,7%	7Â 304Â 255	182,7%	2Â 583Â 962
Share financial income	GJ	0	0%	0	0%	0
Other investment income & capitalised receivables	GK	0	0%	0	0%	0
Other interest and similar income	GL	0	0%	-335	0%	0
Released provisions and transferred charges	GM	0	0%	3Â 692	-98,4%	235Â 980
Exchange gains	GN	13Â 122Â 977	79,7%	7Â 300Â 898	210,9%	2Â 347Â 982
Net income from disposal of investment securities	GO	0	0%	0	0%	0

Financial Charge (VI)

		31/12/2011		31/12/2010		31/12/2009
Total financial charge (Total VI)	GU	8Â 670Â 846	7,4%	8Â 070Â 124	89,4%	4Â 260Â 676
Financial reserves and provisions	GQ	465Â 342	0%	0	0%	0
Interest and similar charges	GR	1Â 215Â 908	36,1%	893Â 699	-24,2%	1Â 179Â 008
Exchange losses	GS	6Â 989Â 596	-2,6%	7Â 176Â 425	132,9%	3Â 081Â 668
Net loss from disposal of investment securities	GT	0	0%	0	0%	0

Extraordinary income (VII)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary income (Total VII)	HD	3Â 628Â 442	0%	0	0%	0
Extraordinary operating income	HA	0	0%	0	0%	0
Extraordinary income from capital transactions	HB	2Â 010	0%	0	0%	0
Released provisions and transferred charges	HC	3Â 626Â 432	0%	0	0%	0

Extraordinary charges (VIII)

		31/12/2011		31/12/2010		31/12/2009
Total extraordinary charges (Total VIII)	HH	10Â 370Â 736	180,9%	3Â 692Â 593	3319,7%	107Â 979
Extraordinary operating charges	HE	0	0%	0	0%	107Â 979
Extraordinary charges from capital transactions	HF	0	0%	66Â 161	0%	0
Extraordinary reserves and provisions	HG	10Â 370Â 735	186,0%	3Â 626Â 432	0%	0

Employee profit sharing (IX)

			31/12/2011		31/12/2010		31/12/2009
	Employee profit sharing (Total IX)	HJ	0	0%	0	0%	0

Tax on profits (X)

			31/12/2011		31/12/2010		31/12/2009
	Tax on profits (Total X)	HK	717Â 977	397,6%	-241Â 273	39,3%	-397Â 621

References

		31/12/2011		31/12/2010		31/12/2009
Of which equipment leases	HP	0	0%	0	0%	0
Of which property leases	HQ	0	0%	0	0%	0
Of which transferred charges	A1	70Â 725	-40,6%	118Â 972	278,9%	31Â 399
Of which trader's own contributions	A2	0	0%	0	0%	0
Of which royalties on licences and patents (income)	A3	0	0%	0	0%	0
Of which royalties on licences and patents (charges)	A4	900Â 000	0%	900Â 000	0%	900Â 000

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)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	OG	0	0%	0	0%	0
Increasess due to revaluation	OH	0	0%	0	0%	0
Decreasess, acquisitions, creations, contributions	OJ	0	0%	0	0%	0
Decreasess by budget item transfer	OK1	0	0%	15Â 358Â 272	82,8%	8Â 402Â 303
Decreasess by transfers	OK2	4Â 752Â 866	5714,0%	81Â 749	-98,1%	4Â 299Â 901
Gross value at the end of period	OL	85Â 121Â 720	7,4%	79Â 270Â 231	15,2%	68Â 824Â 806

Research and development Charge (Total I)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	CZ	0	0%	0	0%	0
Increasess due to revaluation	KB	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KC	0	0%	0	0%	0
Decreasess by budget item transfer	C01	0	0%	0	0%	0
Decreasess by transfers	C02	0	0%	0	0%	0
Gross value at the end of period	D0	0	0%	0	0%	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	KD	6Â 242Â 615	5,1%	5Â 941Â 167	-11,9%	6Â 743Â 133
Increasess due to revaluation	KE	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	KF	2Â 731Â 168	806,0%	301Â 448	-91,4%	3Â 497Â 936
Decreasess by budget item transfer	LV1	0	0%	0	0%	0
Decreasess by transfers	LV2	3Â 799Â 384	0%	0	0%	4Â 299Â 901
Gross value at the end of period	LW	5Â 174Â 399	-17,1%	6Â 242Â 615	5,1%	5Â 941Â 168

Tangible fixed assets (Total III)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LN	73Â 019Â 106	16,1%	62Â 875Â 128	18,0%	53Â 275Â 307
Increasess due to revaluation	LO	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LP	7Â 872Â 497	-69,2%	25Â 583Â 999	42,1%	18Â 002Â 124
Decreasess by budget item transfer	NG1	0	0%	15Â 358Â 272	82,8%	8Â 402Â 303
Decreasess by transfers	NG2	949Â 982	1062,1%	81Â 749	0%	0
Gross value at the end of period	NH	79Â 941Â 621	9,5%	73Â 019Â 106	16,1%	62Â 875Â 128

Fiancial assets (Total IV)

		31/12/2011		31/12/2010		31/12/2009
Gross value at begin of period	LQ	8Â 510	0%	8Â 510	18,2%	7Â 200
Increasess due to revaluation	LR	0	0%	0	0%	0
Increasess, acquisitions, creations, contributions	LS	690	0%	0	0%	1Â 310
Decreasess by budget item transfer	NJ1	0	0%	0	0%	0
Decreasess by transfers	NJ2	3Â 500	0%	0	0%	0
Gross value at the end of period	NK	5Â 700	-33,0%	8Â 510	0%	8Â 510

Reserve for depreciation

Situation and movement of reserve for depreciation

Grand total (I-II-III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	0N	0	0%	0	0%	0
Increases		0P	0	0%	0	0%	0
Decreasess		0Q	0	0%	0	0%	0
	Reserve for depreciation value at the end of period	0R	0	0%	0	0%	0

Research and development charge (Total I)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	CY	0	0%	0	0%	0
Increases		PB	0	0%	0	0%	0
Decreasess		PC	0	0%	0	0%	0
	Decreasess by budget item transfer	PD	0	0%	0	0%	0

Other intangible assets (Total II)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	PE	53Â 232	24,7%	42Â 672	32,9%	32Â 111
Increases		PF	0	0%	10Â 560	0,0%	10Â 561
Decreasess		PG	0	0%	0	0%	0
	Decreasess by budget item transfer	PH	53Â 232	0%	53Â 232	24,7%	42Â 672

Total fixed assets amotisation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Reserve for depreciation value at begin of period	QU	26Â 753Â 762	26,0%	21Â 232Â 679	29,6%	16Â 387Â 759
Increases		QV	6Â 597Â 252	18,6%	5Â 561Â 582	14,8%	4Â 844Â 921
Decreases		QW	3Â 234	-92,0%	40Â 497	0%	0
	Decreasess by budget item transfer	QX	33Â 347Â 780	24,6%	26Â 753Â 764	26,0%	21Â 232Â 680

Movements during period affecting charge allocated over several period

Charges Ã rÃ©partir ou frais d'Ã©mission d'emprunt

			31/12/2011		31/12/2010		31/12/2009
	Gross value at begin of period	Z91	0	0%	0	0%	0
Increases		Z92	0	0%	0	0%	0
Depreciation of fixed assets during period		Z9	0	0%	0	0%	0
	Decreasess by budget item transfer	B1	0	0%	0	0%	0

Premium refund of obligations

			31/12/2011		31/12/2010		31/12/2009
	Net value at begining of period	SP1	0	0%	0	0%	0
Increases		SP2	0	0%	0	0%	0
Depreciation of fixed assets during period		SP	0	0%	0	0%	0
	Net value at the end of period	SR	0	0%	0	0%	0

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

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7C	5Â 866Â 648	351,0%	1Â 300Â 780	64,5%	790Â 795
Increases		UB	17Â 009Â 913	199,2%	5Â 685Â 519	451,1%	1Â 031Â 589
Decreases		UC	5Â 668Â 918	406,3%	1Â 119Â 651	114,7%	521Â 604
	Value at the end of period	UD	17Â 207Â 643	193,3%	5Â 866Â 648	351,0%	1Â 300Â 780

Includes Total allocations

Operating	UE	6Â 173Â 835	199,8%	2Â 059Â 086	0%
Financial	UG	465Â 342	0%	0	0%
Exceptional	UJ	10Â 370Â 735	186,0%	3Â 626Â 432	0%

Includes Total Withdrawal

Operating	UF	2Â 042Â 485	83,0%	1Â 115Â 959	0%
Financial	UH	0	0%	3Â 692	0%
Exceptional	UK	3Â 626Â 432	0%	0	0%

Total regulated provisions (Total I)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	3Z	3Â 626Â 432	0%	0	0%	0
Increases		TS	10Â 370Â 735	186,0%	3Â 626Â 432	0%	0
Decreases		TT	3Â 626Â 432	0%	0	0%	0
	Value at the end of period	TU	10Â 370Â 735	186,0%	3Â 626Â 432	0%	0

Total risk and charge provisions (Total II)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	5Z	670Â 282	7,2%	625Â 218	14,3%	546Â 945
Increases		TV	3Â 438Â 830	603,0%	489Â 153	37,4%	356Â 027
Decreases		TW	479Â 402	8,0%	444Â 089	59,9%	277Â 754
	Value at the end of period	TX	3Â 629Â 710	441,5%	670Â 282	7,2%	625Â 218

Total Provision for depreciation (Total III)

			31/12/2011		31/12/2010		31/12/2009
	Value at begining of period	7B	1Â 569Â 934	132,4%	675Â 562	177,0%	243Â 850
Increases		TY	3Â 200Â 348	103,9%	1Â 569Â 934	132,4%	675Â 562
Decreases		TZ	1Â 563Â 084	131,4%	675Â 562	177,0%	243Â 850
	Value at the end of period	UA	3Â 207Â 198	104,3%	1Â 569Â 934	132,4%	675Â 562

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

		31/12/2011		31/12/2010		31/12/2009
Gross value	VT	31Â 475Â 766	-17,0%	37Â 939Â 066	55,4%	24Â 408Â 690
1 year at most	VU	31Â 470Â 066	-17,0%	37Â 930Â 556	55,5%	24Â 400Â 180
More than one year	VV	5Â 700	-33,0%	8Â 510	0%	8Â 510

State of loans

		31/12/2011		31/12/2010		31/12/2009
Claims related to holdings (gross)	UL	0	0%	0	0%	0
Claims related to shareholdings (1 year at most)	UM	0	0%	0	0%	0
Loans (gross)	UP	0	0%	0	0%	0
Loans (1 year at most)	UR	0	0%	0	0%	0
Other financial assets (gross)	UT	5Â 700	-33,0%	8Â 510	0%	8Â 510
Other financial assets (1 year at most)	UV	0	0%	0	0%	0

Receivables statement of assets

		31/12/2011		31/12/2010		31/12/2009
Customers doubtful or disputed	VA	122Â 218	1684,2%	6Â 850	0%	0
Other claims customer	UX	27Â 199Â 402	-14,6%	31Â 862Â 624	73,1%	18Â 407Â 425
Receivables represent Loaned Securities	UU	0	0%	0	0%	0
Provision for depreciation previously established	UQ	0	0%	0	0%	0
Personnel and associated accounts	UY	0	0%	0	0%	0
Social Security and other social organizations	UZ	2Â 113	-67,9%	6Â 589	952,6%	626
Income taxes	VM	0	0%	0	0%	0
Value added tax	VB	3Â 845Â 482	-31,0%	5Â 570Â 426	0,8%	5Â 527Â 124
Other taxes and payments assimilated	VN	0	0%	0	0%	0
State and other public - Miscellaneous	VP	0	0%	70Â 153	-69,2%	227Â 551
Group and Associates	VC	0	0%	252Â 807	125,7%	111Â 992
Accounts receivable (including claims relating to the operation of pension titles)	VR	300Â 851	86,7%	161Â 107	45,9%	110Â 402

Prepaid

			31/12/2011		31/12/2010		31/12/2009
	Prepaid	VS	0	0%	0	0%	15Â 060

State Debt

			31/12/2011		31/12/2010		31/12/2009
	Total debt (gross)	VY	74Â 096Â 288	-11,2%	83Â 422Â 310	21,1%	68Â 898Â 893
1 year at most		VZ2	74Â 096Â 288	-11,2%	83Â 422Â 310	21,1%	68Â 898Â 893
More than 1 year and 5 years at most		VZ3	0	0%	0	0%	0
More than 5 years		VZ4	0	0%	0	0%	0

Details

			31/12/2011		31/12/2010		31/12/2009
	Convertible bonds (gross)	7Y1	0	0%	0	0%	0
1 year at most		7Y2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Y3	0	0%	0	0%	0
	Other bonds (gross)	7Z1	0	0%	0	0%	0
1 year at most		7Z2	0	0%	0	0%	0
More than 1 year and 5 years at most		7Z3	0	0%	0	0%	0
	Borrowing & debts to 1 year maximum at the origin (gross)	VG1	0	0%	2Â 038	118,9%	931
1 year at most		VG2	0	0%	2Â 038	118,9%	931
More than 1 year and 5 years at most		VG3	0	0%	0	0%	0
	Borrowing & debts to more than 1 year at the origin (gross)	VH1	0	0%	0	0%	0
1 year at most		VH2	0	0%	0	0%	0
More than 1 year and 5 years at most		VH3	0	0%	0	0%	0
	Loans and various financial liabilities (gross)	8A1	40Â 022Â 267	2,6%	39Â 023Â 530	8,3%	36Â 016Â 280
1 year at most		8A2	40Â 022Â 267	2,6%	39Â 023Â 530	8,3%	36Â 016Â 280
More than 1 year and 5 years at most		8A3	0	0%	0	0%	0
	Suppliers and associated accounts (gross)	8B1	18Â 523Â 042	-11,6%	20Â 963Â 009	54,0%	13Â 616Â 083
1 year at most		8B2	18Â 523Â 042	-11,6%	20Â 963Â 009	54,0%	13Â 616Â 083
More than 1 year and 5 years at most		8B3	18Â 523Â 042	-11,6%	20Â 963Â 009	54,0%	13Â 616Â 083
	Personnel and associated accounts (gross)	8C1	3Â 258Â 452	35,8%	2Â 398Â 727	20,3%	1Â 993Â 582
1 year at most		8C2	3Â 258Â 452	35,8%	2Â 398Â 727	20,3%	1Â 993Â 582
More than 1 year and 5 years at most		8C3	0	0%	0	0%	0
	Social Security and other social organizations (gross)	8D1	3Â 664Â 889	5,9%	3Â 462Â 223	13,8%	3Â 042Â 564
1 year at most		8D2	3Â 664Â 889	5,9%	3Â 462Â 223	13,8%	3Â 042Â 564
More than 1 year and 5 years at most		8D3	0	0%	0	0%	0
	Taxes on profits (gross)	8E1	0	0%	0	0%	0
1 year at most		8E2	0	0%	0	0%	0
More than 1 year and 5 years at most		8E3	0	0%	0	0%	0
	VAT (gross)	VW1	256Â 861	-17,4%	310Â 803	-85,0%	2Â 075Â 931
1 year at most		VW2	256Â 861	-17,4%	310Â 803	-85,0%	2Â 075Â 931
More than 1 year and 5 years at most		VW3	0	0%	0	0%	0
	Backed Obligations (gross)	VX1	0	0%	0	0%	0
1 year at most		VX2	0	0%	0	0%	0
More than 1 year and 5 years at most		VX3	0	0%	0	0%	0
	Other taxes and assimilated (gross)	VQ1	2Â 709Â 196	2,8%	2Â 634Â 361	81,0%	1Â 455Â 182
1 year at most		VQ2	0	0%	0	0%	0
More than 1 year and 5 years at most		VQ3	0	0%	0	0%	0
	Assets and liabilities associated accounts (gross)	8J1	0	0%	0	0%	0
1 year at most		8J2	0	0%	0	0%	0
More than 1 year and 5 years at most		8J3	0	0%	0	0%	0
More than 5 years		8J4	0	0%	0	0%	0
	Groups and associates (gross)	VI1	3Â 095Â 751	-67,2%	9Â 430Â 368	78,3%	5Â 287Â 662
1 year at most		VI2	3Â 095Â 751	-67,2%	9Â 430Â 368	78,3%	5Â 287Â 662
More than 1 year and 5 years at most		VI3	0	0%	0	0%	0
More 5 years		VI4	0	0%	0	0%	0
	Other liabilities (gross)	8K1	2Â 007Â 396	-38,1%	3Â 245Â 145	5,2%	3Â 086Â 008
1 year at most		8K2	2Â 007Â 396	-38,1%	3Â 245Â 145	5,2%	3Â 086Â 008
More than 1 year and 5 years at most		8K3	0	0%	0	0%	0
	Debt representative of borrowed securities (gross)	SZ1	0	0%	0	0%	0
1 year at most		SZ2	0	0%	0	0%	0
More than 1 year and 5 years at most		SZ3	0	0%	0	0%	0
	Products in advance (gross)	8L1	558Â 434	-71,4%	1Â 952Â 106	-16,0%	2Â 324Â 670
1 year at most		8L2	558Â 434	-71,4%	1Â 952Â 106	-16,0%	2Â 324Â 670
More than 1 year and 5 years at most		8L3	0	0%	0	0%	0

References

		31/12/2011		31/12/2010		31/12/2009
Loans made during the period	VJ	1Â 000Â 000	-66,7%	3Â 000Â 000	0%	0
Debt repaid during the period	VK	0	0%	0	0%	16Â 000Â 000

Table allocation results and other information

Dividends distributed

			31/12/2011		31/12/2010		31/12/2009
	Dividends	ZE	0	0%	0	0%	0

Commitments

		31/12/2011		31/12/2010		31/12/2009
Commitments leasing furniture	YQ	0	0%	0	0%	0
Commitments Real Estate Leasing	YR	0	0%	0	0%	0
Effects brought to the discount and unmatured	YS	0	0%	0	0%	0

Other charges Externes

		31/12/2011		31/12/2010		31/12/2009
Subcontracting	YT	0	0%	0	0%	6Â 555Â 845
Rentals, rental charges and condominiums	XQ	0	0%	0	0%	1Â 067Â 066
Staff outside the company	YU	0	0%	0	0%	23Â 703
Remuneration intermediaries and fees (excluding fees)	SS	0	0%	0	0%	2Â 232Â 276
Fees, commissions and brokerage	YV	0	0%	0	0%	0
Other accounts	ST	0	0%	0	0%	19Â 985Â 703
Total Other purchases and external	ZJ	0	0%	0	0%	29Â 864Â 594

Taxes and Fees

		31/12/2011		31/12/2010		31/12/2009
Business tax	YW	0	0%	0	0%	877Â 315
Other taxes and payments assimilated	9Z	0	0%	0	0%	2Â 008Â 570
Total taxes and fees	YX	0	0%	0	0%	2Â 885Â 885

VAT

		31/12/2011		31/12/2010		31/12/2009
Amount VAT collected	YY	0	0%	0	0%	7Â 539Â 243
Total VAT on goods and services	YZ	0	0%	0	0%	16Â 723Â 706

Average number of employees

			31/12/2011		31/12/2010		31/12/2009
	Average number of employees	YP	0	0%	0	0%	322

Groups and Shareholders

			31/12/2011		31/12/2010		31/12/2009
	Groups and Shareholders	ZR	0	-	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		31/12/2010		31/12/2009	Sector Median 2011
Fixed Asset Financing	1,51	15,3%	1,31	0%	1,31	1,48	2,0%
Global Debt	97 days	-34,5%	148 days	-28,8%	208 days	127 days	-23,6%
Working Capital Fund overall net	56 days	27,3%	44 days	-32,3%	65 days	96 days	-41,7%
Financial independence	%	-	1798698,92%	-48,5%	3494978,20%	162,84%	-

Solvability	39,51%	28,6%	30,73%	-2,5%	31,52%	39,08%	1,1%
Capacity debt futures	%	-	1798698,92%	-48,5%	3494978,20%	1089,69%	-
Coverage of current assets by net working capital overall	53,24%	53,1%	34,77%	-9,4%	38,39%	48,57%	9,6%
General Liquidity	0,42	-6,7%	0,45	28,6%	0,35	0,94	-55,3%
Restricted Liquidity	0,42	-8,7%	0,46	27,8%	0,36	0,94	-55,3%

Management or rotation

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Need background in operating working capital	58 days	20,8%	48 days	-35,1%	74 days	67,50 days	-14,1%
Treasury	0 days	0%	0 days	0%	1 days	2 days	0%
Inventory turnover of goods	days	-	0 days	0%	150 days	0 days	-
Average length of credit granted to customers	36 days	-36,8%	57 days	9,6%	52 days	70,50 days	-48,9%
Average length of credit obtained suppliers	28 days	-41,7%	48 days	9,1%	44 days	57 days	-50,9%

Inventory turnover of raw materials in industrial enterprises	17 days	-19,0%	21 days	-50,0%	42 days	50,50 days	-66,3%
Inventory turnover of intermediate and finished products in the industrial enterprise	344 days	23,7%	278 days	46,3%	190 days	237 days	45,1%
Rotation tangible assets	344,27%	23,8%	278,01%	46,6%	189,61%	236,82%	45,4%

Profitability of the business

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Margin trading	0%	0%	0,21%	167,7%	-0,31	0,36%	0%
Profitability of the business	7,72	38,1%	5,59	346,3%	-2,27	8,66%	-10,9%
Net profit	2,55%	920,0%	0,25%	102,9%	-8,48%	2,89%	-11,8%

Growth rate of turnover (excluding VAT)	35,57%	-49,4%	70,28%	289,5%	-37,09%	0%	0%
Rates integration	18,63%	-3,5%	19,31%	6,3%	18,17%	32,03%	-41,8%
Rate leasing furniture	0%	0%	0%	0%	0%	0%	0%
Work Factor	51,84%	-16,3%	61,94%	-37,5%	99,14%	51,84%	0%
Weight interests	3,15	-20,9%	3,98%	11,5%	3,57%	1,28%	146,1%

Return on capital

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Cash flow from the overall profitability	6,82%	59,7%	4,27%	196,8%	-4,41%	4,91%	38,9%
Rates of economic profitability	23%	53,3%	15%	475,0%	-4%	22%	4,5%
Financial profitability	51106687%	36,4%	37462384%	15,1%	32538247%	2075596%	2362,3%
Return on investment	17,22%	53,5%	11,22%	231,5%	-8,53%	14,17%	21,5%

Display parameter
Currency	Euro	Kilo Euro
Comparison mode	Average	Median

	31/12/2011		31/12/2010		31/12/2009	Sector Median 2011
Turnover	275Â 215Â 036	35,6%	202Â 999Â 311	70,3%	119Â 216Â 393	9Â 853Â 808 €	2693,0%

Sales of goods	0	0%	3Â 982Â 288	-51,1%	8Â 144Â 253
- Purchase of goods	0	0%	6Â 079	-99,9%	12Â 051Â 428
+/- Stock of goods variation	0	0%	3Â 554Â 021	200,5%	-3Â 536Â 429
Trading margin	0 €	0%	422Â 188 €	213,9%	-370Â 746 €	2Â 894 €	0%
	0,00 % CA	0%	0,21 % CA	167,7%	-0,31 % CA	0,36 % CA	0%

Sale of goods produced	275Â 215Â 036	38,3%	199Â 017Â 023	79,2%	111Â 072Â 140
+/- Stocked production	14Â 084Â 999	336,9%	-5Â 946Â 742	-59,2%	-3Â 736Â 474
+ Self-constructed assets	0	0%	0	0%	0
Period production	289Â 300Â 035 €	49,8%	193Â 070Â 281 €	79,9%	107Â 335Â 666 €	4Â 178Â 276 €	6823,9%
	105,12 % CA	10,5%	95,11 % CA	5,6%	90,03 % CA	98,08 % CA	7,2%

Trading margin	0	0%	422Â 188	213,9%	-370Â 746	2Â 894	0%
+ Period Production	289Â 300Â 035	49,8%	193Â 070Â 281	79,9%	107Â 335Â 666	4Â 178Â 276	6823,9%
- Purchase of raw materials	200Â 023Â 299	74,4%	114Â 688Â 340	113,9%	53Â 625Â 498
+/- Change in stocks of raw materiels	-2Â 168Â 830	-1787,9%	128Â 496	-92,9%	1Â 813Â 829
- Other external purchases and charges	40Â 167Â 293	1,8%	39Â 472Â 415	32,2%	29Â 864Â 594
Added value	51Â 278Â 273 €	30,8%	39Â 203Â 218 €	81,0%	21Â 660Â 999 €	2Â 104Â 464 €	2336,6%
	18,63 % CA	-3,5%	19,31 % CA	6,3%	18,17 % CA	32,03 % CA	-41,8%

Added value	51Â 278Â 273 €	30,8%	39Â 203Â 218 €	81,0%	21Â 660Â 999 €	2Â 104Â 464 €	2336,6%
+ Operating grants	0	0%	0	0%	0
- Tax, duty and similar payments	3Â 441Â 567	-3,7%	3Â 575Â 537	23,9%	2Â 885Â 885
- Personal charges	26Â 583Â 854	9,5%	24Â 283Â 446	13,1%	21Â 475Â 617
Gross operating surplus	21Â 252Â 852 €	87,3%	11Â 344Â 235 €	520,1%	-2Â 700Â 503 €	948Â 152 €	2141,5%
	7,72 % CA	38,1%	5,59 % CA	346,3%	-2,27 % CA	8,66 % CA	-10,9%

Gross operating surplus	21Â 252Â 852 €	87,3%	11Â 344Â 235 €	520,1%	-2Â 700Â 503 €	948Â 152 €	2141,5%
+ Release of reserves and provisions	2Â 113Â 210	71,1%	1Â 234Â 931	287,3%	318Â 835
+ Other operating income	353Â 923	-50,0%	708Â 361	44,9%	488Â 984
- Depreciation/Amortisation	12Â 771Â 089	67,4%	7Â 631Â 228	29,6%	5Â 887Â 069
- Other charges	920Â 015	-0,7%	926Â 176	-1,6%	941Â 052
Operating result	10Â 028Â 881 €	112,0%	4Â 730Â 123 €	154,2%	-8Â 720Â 805 €	321Â 528 €	3019,1%
	3,64 % CA	56,2%	2,33 % CA	131,8%	-7,32 % CA	4,45 % CA	-18,2%

Operating result	10Â 028Â 881 €	112,0%	4Â 730Â 123 €	154,2%	-8Â 720Â 805 €	321Â 528 €	3019,1%
+/- Result of joint-venture transferred from/to other partners	0	0%	0	0%	0
+ Financial income	13Â 122Â 977	79,7%	7Â 304Â 255	182,7%	2Â 583Â 962
- Financial charges	8Â 670Â 846	7,4%	8Â 070Â 124	89,4%	4Â 260Â 676
Pre-tax result	14Â 481Â 012 €	265,3%	3Â 964Â 254 €	138,1%	-10Â 397Â 519 €	321Â 764 €	4400,5%
	5,26 % CA	169,7%	1,95 % CA	122,4%	-8,72 % CA	5,23 % CA	0,6%

Extraordinary income	3Â 628Â 442	0%	0	0%	0	181Â 173	1902,7%
- Extraordinary charges	10Â 370Â 736	180,9%	3Â 692Â 593	3319,7%	107Â 979
Extraordinary result	-6Â 742Â 294 €	-82,6%	-3Â 692Â 593 €	-3319,7%	-107Â 979 €	-2Â 500 €	-269591,8%
	-2,45 % CA	-34,6%	-1,82 % CA	-1922,2%	0 % CA	-00,11 % CA	-2127,3%

Pre-tax result	14Â 481Â 012 €	265,3%	3Â 964Â 254 €	138,1%	-10Â 397Â 519 €	321Â 764 €	4400,5%
Extraordinary result	-6Â 742Â 294 €	-82,6%	-3Â 692Â 593 €	-3319,7%	-107Â 979 €	-2Â 500 €	-269591,8%
- Employee profit sharing	0	0%	0	0%	0
- Tax on profits	717Â 977	397,6%	-241Â 273	39,3%	-397Â 621
Net result	7Â 020Â 741 €	1268,7%	512Â 934 €	105,1%	-10Â 107Â 877 €	291Â 807 €	2306,0%
	2,55 % CA	920,0%	0,25 % CA	102,9%	-8,48 % CA	2,89 % CA	-11,8%

Commentary

The comments are ordered according to the class of risk. Companies are compared with regard to other companies of the same type. Thus a positive comment for one category can be negative for another or can change depending on its value. This is a purely statistical decision.
The shareholder's equity is 50,402,399 â‚¬
The creditor days are 24.57
The decrease in the gearing percentage over the last two accounting periods is 20 %
The liabilities are 74,096,288 â‚¬
The net current assets are 77,635,445 â‚¬
The net turnover is 275,215,036 â‚¬
The pre-tax profit is 7,738,718 â‚¬
The risk provisions are 3,629,710 â‚¬
The total assets are 129,358,045 â‚¬
Low risk workforce size
The company has 1 director(s)
The sales to current assets ratio is 3,54
The ratio total assets to total liabilities is 1,66
The return on total assets employed is 5,98
The stock to turnover ratio is 16.72

judgements

Collective procedures

No judgment information 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

Group data

Ultimate parent company	LANXESS AG
Direct parent	LANXESS ELASTOMERES - 100 %
Group â€“ Number of companies	33
Linkages â€“ Number of companies	496
Number of countries	84

Group Structure

Company Name	SIREN	Parts	Last account published
LANXESS AG	-	-	-
CURRENTA GMBH & CO. OHG	HRA 20833	40%	31/12/2012
LANXESS DEUTSCHLAND GMBH	HRB 52600	100%	-
LANXESS SAS	452956337	100%	31/12/2012
LANXESS ELASTOMERES	319806048	100%	31/12/2012
LANXESS EMULSION RUBBER	479372377	100%	31/12/2011
ALISECA GMBH	HRB 54812	100%	-
LANXESS BUNA GMBH	HRB 5912	100%	-
LANXESS DISTRIBUTION GMBH	HRB 79616	100%	-
RHEIN CHEMIE RHEINAU GMBH	HRB 1125	100%	-
LANXESS FINANCE B.V.	09151956	100%	31/12/2013
LANXESS INTERNATIONAL SA	4950379	100%	-
LANXESS LIMITED	-	100%	-
LANXESS PTY LTD	-	100%	-
LANXESS NV	867573542	100%	31/12/2012
LANXESS RUBBER NV	404791094	100%	31/12/2012
LANXESS S.R.L.	MI1738138	100%	31/12/2012
LANXESS BUNA LLC	US33640687	100%	-
LANXESS CORP	US44593744	100%	-
LANXESS INC	-	100%	-
LANXESS INDUSTRIA DE PRODUTOS QUIMICOS E...	-	100%	-
LANXESS SA	-	100%	-
LANXESS SA DE CV	-	100%	-
LANXESS (WUXI) CHEMICALS CO LTD	-	100%	-
LANXESS HONG KONG LTD	-	100%	-
LANXESS KK	-	100%	-
LANXESS PTE LTD	-	100%	-
LANXESS PTY LTD	-	100%	-
LANXESS PURIFICATION PRIVATE LIMITED	-	100%	-
LANXESS SHANGHAI TRADING COMPANY LIMITED	-	100%	-
SALTIGO GMBH	HRB 79615	100%	-
GWALIOR CHEMICAL	-	Majority	-
JIANGSU POLYOLS CHEMICAL CO LTD	-	Min blocking	-

Shareholders

Linkages

Ultimate parent company	LANXESS AG
Direct parent	LANXESS ELASTOMERES - 100 %
Group â€“ Number of companies	33
Linkages â€“ Number of companies	496
Number of countries	84
Company Name		SIREN	Last account	Turnover
BAYER CROPSCIENCE		1515597	31/03/2013	420 066 001 â‚¬
STYROLUTION ABS (INDIA)		1515601	31/12/2013	171 374 644 â‚¬
BAYER CROPSCIENCE S.R.L.		MI1458675	31/12/2012	180 628 918 â‚¬
BAYER AKTIENGESELLSCHAFT		HRB 48248	31/12/2013	41 054 000 000 â‚¬
BAYER CROPSCIENCE HOLDING		403102114	31/12/2012	0 â‚¬
BAYER CROPSCIENCE AKTIENGESELLSCHAFT		HRB 46985	31/12/2012	4 955 151 000 â‚¬
BAYER AGRICULTURE LIMITED		02467733	31/12/2012	0 Â£
BAYER SAS		562038893	31/12/2012	1 618 082 325 â‚¬
BAYER S.P.A.		MI1042205	31/12/2012	877 026 459 â‚¬
BAYER MATERIALSCIENCE AKTIENGESELLSCHAFT		HRB 49892	31/12/2012	5 366 169 000 â‚¬
BAYER GESELLSCHAFT FÃœR BETEILIGUNGEN MBH		HRB 49460	31/12/2012	-
BAYER BITTERFELD GMBH		HRB 10914	31/12/2012	56 132 160 â‚¬
PALLAS VERSICHERUNG AKTIENGESELLSCHAFT		HRB 48295	31/12/2012	10 377 146 â‚¬
BAYER HEALTHCARE SAS		706580149	31/12/2012	481 434 883 â‚¬
BAYER BETEILIGUNGSVERWALTUNG GOSLAR GMBH		HRB 59487	31/12/2012	-
BAYER PUBLIC LIMITED COMPANY		00935048	31/12/2012	410 971 000 Â£
BAYER MATERIALSCIENCE GMBH		HRB 1815	31/12/2011	63 941 134 â‚¬
BAYER MATERIALSCIENCE S.R.L.		MI1686807	31/12/2012	172 587 563 â‚¬
BAULE		442547402	31/12/2012	47 086 871 â‚¬
LANXESS LIMITED		03498959	31/12/2012	15 786 000 Â£
BAYER CROPSCIENCE DEUTSCHLAND GMBH		HRB 47138	31/12/2012	395 092 609 â‚¬
SOLAVISTA GMBH & CO. KG		HRA 3071 P	31/12/2008	-
NUNHEMS B.V.		13002516	31/12/2012	-
BAYER CAPITAL CORPORATION B.V.		33160792	31/12/2012	-
BAYER AS		911268647	31/12/2013	473 959 KNOK
FARBENFABRIKEN BAYER GESELLSCHAFT MIT BE...		HRB 48678	31/12/2006	-
HILD SAMEN GMBH		HRB 310508	31/12/2009	-
AGREVO VERWALTUNGSGESELLSCHAFT MBH		HRB 49592	31/12/2012	-
BAYER SANTE FAMILIALE		796580496	31/12/2012	286 405 922 â‚¬
BAYER OY		17037774	31/12/2012	620 657 685 â‚¬
NUNHEMS ITALY SOCIETA' A RESPONSABILITA'...		BO275594	31/12/2013	23 742 991 â‚¬
BAYER B.V.		30048949	31/12/2012	164 855 280 â‚¬
BAYER-HANDELSGESELLSCHAFT MIT BESCHRÃ„NKT...		HRB 48225	31/12/2007	-
SOC IMM DE GAILLARD D'ECONOMIE MIXTE		796280485	31/12/2010	6 134 009 â‚¬
BAYER CROPSCIENCE VERMÃ–GENSVERWALTUNGSGE...		HRB 52414	31/12/2013	-
INTENDIS MANUFACTURING S.P.A.		MI1755385	31/12/2012	43 618 379 â‚¬
LANXESS AKTIENGESELLSCHAFT		HRB 53652	31/12/2012	8 960 000 â‚¬
MEDRAD SWEDEN AB		5565597027	31/12/2012	47 339 KSEK
NUNHEMS NETHERLANDS B.V.		13014340	31/12/2012	159 036 000 â‚¬
MEDIWEST NORWAY AS		877471632	31/12/2013	18 965 KNOK
BAYER POLYOLS		429659824	31/12/2012	222 293 202 â‚¬
BAYER VERWALTUNGSGESELLSCHAFT MBH		HRB 108994	31/12/2012	-
BAYER-UNTERSTÃœTZUNGSKASSE GMBH		HRB 48224	31/12/2011	-
BAYER INTERNATIONAL SERVICE G.M.B.H		HRB 48330	31/12/2009	-
BAYER BIOSCIENCE GMBH		HRB 62834	31/12/2010	1 458 417 â‚¬
MEDRAD FRANCE		399407931	31/12/2011	17 486 854 â‚¬
BAYSPORTS-TRAVEL GMBH		HRB 49735	30/06/2013	-
BAYSECUR GMBH		HRB 52028	31/12/2012	-
PYCO		428917926	31/12/2013	11 457 â‚¬
TECARENA+ GMBH		HRB 49889	31/12/2012	-
JOB@CTIVE GMBH		HRB 49785	31/12/2012	-
BAYER CROPSCIENCE BETEILIGUNGSGESELLSCHA...		HRB 71729	31/12/2012	-
AGREVA GMBH		HRB 54185	31/12/2012	-
HTV GESELLSCHAFT FÃœR HOCHTEMPERATURVERBR...		HRB 4666	31/12/2011	-
MEDRAD MEDIZINISCHE SYSTEME GMBH		HRB 78113	31/12/2012	-
KOSINUS GRUNDSTÃœCKS-VERWALTUNGSGESELLSCH...		HRB 11036 CB	31/12/2012	-
EPUREX FILMS GESCHÃ„FTSFÃœHRUNGS-GMBH		HRB 5557	31/12/2012	-
BAYER ANIMAL HEALTH GMBH		HRB 52145	31/12/2007	-
ICON GENETICS GMBH		HRB 165958	31/12/2012	-
BAYER INNOVATION VENTURES GMBH		HRB 75156	31/12/2011	-
BAYER PHARMA AKTIENGESELLSCHAFT		HRB 283 B	31/12/2010	-
LANXESS MIDDLE EAST GMBH		HRB 54907	31/12/2012	355 824 â‚¬
MAROTRAST GMBH		HRB 501363	31/12/2006	-
EHRFELD MIKROTECHNIK BTS GMBH		HRB 33094	31/12/2012	-
BAYER CROPSCIENCE RAPS GMBH		HRB 50676	31/12/2010	-
BAYER 04 LEVERKUSEN SPORTFÃ–RDERUNG GGMBH		HRB 56927	31/12/2012	-
BAYER MATERIALSCIENCE OLDENBURG VERWALTU...		HRB 5012	31/12/2012	-
BAYER US IP GMBH		HRB 58152	31/12/2012	-
SECHSTE BAYER VV GMBH		HRB 62287	31/12/2010	-
BAYER ANIMAL HEALTH STUDIES GMBH		HRB 62308	31/12/2010	-
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CROPSA LTDA		-	-	-
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ICON GENETICS INC.		-	-	-
IMAXEON PTY. LTD.		-	-	-
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ISENSE HOSPITAL CARE LLC		-	-	-
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KYRGYZ AGRA INVESTMENT COMPANY LTD.		-	-	-
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LANXESS (THAILAND) CO. LTD.		-	-	-
LANXESS AG		-	-	-
LANXESS DEUTSCHELAND GMBH		-	-	-
LANXESS HONGKONG LIMITED		-	-	-
LANXESS IND PRODS QUMIS E PLAS		-	-	-
LANXESS INDIA PRIVATE LIMITED		-	-	-
LANXESS S.A.-PNR		-	-	-
LASERLITE AUSTRALIA PTY. LTD		-	-	-
LATIN AMERICA / AFRICA / MIDDLE EAST		-	-	-
LUSAL PRODUCAO QUIMICO FARMACEUTICA LUSO...		-	-	-
LUSALFARMA-ESPECIALIDADES FARMACEUTICAS ...		-	-	-
LUSTRAN POLYMERS S.L		-	-	-
MEDIPHARM (PVT) LTD		-	-	-
MEDITERRANEAN SEEDS LTD.		-	-	-
MEDRAD AMERICA LATINA LTDA		-	-	-
MEDRAD ASIA PTE. LTD.		-	-	-
MEDRAD DENMARK APS		-	-	-
MEDRAD MEDICAL EQUIPMENT TRADING COMPANY		-	-	-
MEDRAD MEXICANA S. DE R.L. DE CV		-	-	-
MILES S. A. GUATEMALA BRANCH		-	-	-
MTFP INC		-	-	-
MYANMAR AVENTIS CROPSCIENCE LTD		-	-	-
NIHON MEDRAD K.K.		-	-	-
NIPPONEX INC		-	-	-
NOR-AM AGRO LLC		-	-	-
NOR-AM LAND COMPANY		-	-	-
NUNHEMS BEIJING SEED CO. LTD.		-	-	-
NUNHEMS CHILE S. A.		-	-	-
NUNHEMS DO BRASIL COMERCIO DE SEMENTES L...		-	-	-
NUNHEMS HUNGARY KFT.		-	-	-
NUNHEMS INDIA PVT. LTD.		-	-	-
NUNHEMS MEXICO S. A. DE C.V.		-	-	-
NUNHEMS POLAND SP. ZO. O.		-	-	-
NUNHEMS SPAIN S. A.		-	-	-
NUNHEMS TOHUMCULUK LIMITED SIRKETI		-	-	-
NUNHEMS USA INC.		-	-	-
PALLAS NORTH AMERICA INSURANCE COMPANY I...		-	-	-
PALLAS VERSICHERUNG AG		-	-	-
PHARMA VERLAGSBUCHHANDLUNG GMBH		-	-	-
PLANT GENETICS SYSTEM INTERNATIONAL N.V.		-	-	-
PO JV, LP		-	-	-
PROQUINA PRODUCTOS QUIMICOS NATURALES S....		-	-	-
PT. BAYER MATERIALSCIENCE INDONESIA		-	-	-
QUIMICAS UNIDAS S. A.		-	-	-
QUÃMICA FARMACÃ‰UTICA BAYER, S.L.		-	-	-
RED EARTH ART GALLARY PVT.LTD.		-	-	-
RHONE POULENC PLANT S. A.		-	-	-
SAUERSTOFF- UND STICKSTOFFROHRLEITUNGSGE...		-	-	-
SB CAPITAL CORPORATION		-	-	-
SC BAYER S. R. L.		-	-	-
SCHEIN PHARMACEUTICAL CANADA INC.		-	-	-
SCHERING (HONG KONG) LTD.		-	-	-
SCHERING (MALAYSIA) SDN BHD		-	-	-
SCHERING (PTY) LTD.		-	-	-
SCHERING (SINGAPORE) (PVT) LTD.		-	-	-
SCHERING ASIA / PACIFI C (PVT) LTD.		-	-	-
SCHERING BERLIN VENTURE CORPORATION		-	-	-
SCHERING CHINA LTD.		-	-	-
SCHERING DO BRASIL QUIMICA E FARMACEUTIC...		-	-	-
SCHERING ESPANA S. A.		-	-	-
SCHERING KAHLBAUM GMBH		-	-	-
SCHERING PERUANA S. A.		-	-	-
SCHERING PTY. LTD.		-	-	-
SCHERING ROMANIA S. R.L		-	-	-
SCHERING ZAO		-	-	-
SCIC HOLDINGS LLC		-	-	-
SIA BAYER		-	-	-
STONEVILLE PEDIGREED SEED COMPANY		-	-	-
SUMIKA BAYER URETHANE CO. LTD		-	-	-
TEIJIN-BAYER POLYTEC LTD.		-	-	-
TOO BAYER KAZ		-	-	-
U I M AGROCHEMICALS (AUST) PTY LTD.		-	-	-
UAB BAYER		-	-	-
URE-TECH		-	-	-
ZAO RHONE-POULENC AO		-	-	-

event history

Status history

No Status History

Recent publications in Gazettes

Publication date	Gazette Name	Description
17/08/2013	Bodacc C	Comptes annuels et rapports

67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1351 - 479372377 RCS. LANXESS EMULSION RUBBER. Forme : S.A.S. Adresse : rue du Ried, 67610 LaÂ Wantzenau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2012.
27/09/2012	Bodacc C	Comptes annuels et rapports

67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1009 - 479372377 RCS. LANXESS EMULSION RUBBER. Forme : S.A.S. Adresse : rue du Ried, 67610 LaÂ Wantzenau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2011.
30/09/2011	Bodacc C	Comptes annuels et rapports

67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1788 - 479372377 RCS. LANXESS EMULSION RUBBER. Forme : S.A.S. Adresse : rue du Ried, 67610 LaÂ Wantzenau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2010.
08/10/2010	Bodacc C	Comptes annuels et rapports

67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 2120 - 479372377 RCS. LANXESS EMULSION RUBBER. Forme : S.A.S. Adresse : rue du Ried, 67610 LaÂ Wantzenau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2009.
20/04/2010	Bodacc B	Modification et mutation diverse

67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1133 - 479 372 377 RCS Strasbourg. LANXESS EMULSION RUBBER. Forme : SociÃ©tÃ© par actions simplifiÃ©e. Capital : 19103500 EUR. Commentaires : modification survenue sur le capital.
08/01/2010	JAL	Modification of the share capital

LES AFFICHES D'ALSACE ET DE LORRAINE Date de dÃ©cision : 10/12/2009 La sociÃ©tÃ© : 479372377 -Â LANXESS EMULSION RUBBER, RUE DU RIED, 67610 LA WANTZENAU a subi une diminution de son capital social dÃ©sormais de 19 103 500 â‚¬
08/01/2010	JAL	Modification of the share capital

LES AFFICHES D'ALSACE ET DE LORRAINE Date de dÃ©cision : 10/12/2009 La sociÃ©tÃ© : 479372377 -Â LANXESS EMULSION RUBBER, RUE DU RIED, 67610 LA WANTZENAU a subi une augmentation de son capital social dÃ©sormais de 25 103 500 â‚¬
13/09/2009	Bodacc C	Comptes annuels et rapports

67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 1557 - 479372377 RCS. LANXESS EMULSION RUBBER. Forme : S.A.S. Adresse : rue du Ried, 67610 LaÂ Wantzenau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2008.
23/10/2008	Bodacc C	Comptes annuels et rapports

67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 2404 - 479372377 RCS. LANXESS EMULSION RUBBER. Forme : S.A.S. Adresse : rue du Ried, 67610 LaÂ Wantzenau. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2007.
22/01/2008	Bodacc B	Modification et mutation diverse

67 - BAS-RHIN GREFFE DU TRIBUNAL D'INSTANCE DE STRASBOURG 680 - 479 372 377 RCS Strasbourg. LANXESS EMULSION RUBBER. Forme : SociÃ©tÃ© par Actions SimplifiÃ©e. Administration : WEYMANS GUNTHER : prÃ©sident partant ; WESTEPPE UWE : nouveau prÃ©sident. Capital : 19103500 EUR. Adresse du siÃ¨ge social : rue du Ried, 67610 La Wantzenau. Commentaires : modification survenue sur l'administration, date d'effet : 01/07/2007.
16/10/2007	Bodacc C	Avis de dÃ©pÃ´t des comptes

2713 - Strasbourg B 479 372 377. RC 05-B 153. LANXESS EMULSION RUBBER. Forme: S.A.S. Adresse du siÃ¨ge social: rue du Ried,67610 La Wantzenau. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2006.
31/01/2007	Bodacc C	Avis de dÃ©pÃ´t des comptes

2639 - RCS Strasbourg B 479 372 377. RC 05-B 153. LANXESS EMULSION RUBBER. Forme: S.A.S. Adresse du siÃ¨ge social: rue du Ried,67610 La Wantzenau. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2005.
10/10/2005	Bodacc C	Avis de dÃ©pÃ´t des comptes

2413 - RCS Strasbourg B 479 372 377. RC 05-B 153. LANXESS EMULSION RUBBER. Forme: S.A.S. Adresse du siÃ¨ge social: rue du Ried,67610 La Wantzenau. Comptes annuels et rapports de l'exercice clos le: 31 dÃ©cembre 2004.
09/03/2005	Bodacc B	Modifications et mutations diverses

1100 - RCS Strasbourg 479 372 377. A dater du : 31 janvier 2005. RC 05-B 153. LANXESS EMULSION RUBBER. Forme : S.A.S. Capital : 37 000 euros. Adresse du siÃ¨ge social : rue du Ried, 67610 La Wantzenau. Administration : prÃ©sident : WEYMANS (Gunther). Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT. Commissaire aux comptes supplÃ©ant : NICOLAS (Yves). Commentaires : cette sociÃ©tÃ© transfÃ¨re son siÃ¨ge social des 49-51 quai de Dion-Bouton, 92815 Puteaux Cedex. Etablissement principal - ActivitÃ© : fabrication de caoutchouc et de latex synthÃ©tiques. Adresse : rue du Ried, 67610 La Wantzenau. Date de dÃ©but d'activitÃ© : 5 novembre 2004. Date d'effet : 1er janvier 2005.
24/11/2004	Bodacc A	CrÃ©ation d'Ã©tablissement

RCS Nanterre B 479372377 RC 04-B 6036 LANXESS EMULSION RUBBER. Forme : S.A.S. Capital : 37 000 euros. Adresse du siÃ¨ge social : 49-51 quai de Dion-Bouton, 92815 Puteaux Cedex. Administration : prÃ©sident : WEYMANS (Gunther). Commissaire aux comptes titulaire : PRICEWATERHOUSECOOPERS AUDIT. Commissaire aux comptes supplÃ©ant : NICOLAS (Yves) Cette sociÃ©tÃ© se constitue , mais n'exploite provisoirement aucun Ã©tablissement.

Company events history

Date	Description
17/08/2013	Bodacc C : Deposit accounts notice
10/01/2013	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
27/09/2012	Bodacc C : Deposit accounts notice
31/12/2011	New accounts available
19/10/2011	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
30/09/2011	Bodacc C : Deposit accounts notice
19/05/2011	Minutes of general meeting of shareholders
19/05/2011	Appointment/resignation of company officers
31/12/2010	New accounts available
08/10/2010	Bodacc C : Deposit accounts notice
20/04/2010	Bodacc B: Various editing or changing
09/02/2010	Private document
09/02/2010	Capital reduction
09/02/2010	Capital increase
09/02/2010	Updated articles of association
31/12/2009	New accounts available
31/12/2009	Other modification of Establishment
11/12/2009	Minutes of general meeting of shareholders
11/12/2009	Amendment
11/12/2009	Private document
11/12/2009	Capital reduction
10/12/2009	Legal Gazette: Modification of the share capital
13/09/2009	Bodacc C : Deposit accounts notice
31/12/2008	New accounts available
23/10/2008	Bodacc C : Deposit accounts notice
22/01/2008	Bodacc B: Various editing or changing
22/01/2008	New Bodacc B ads detected
31/12/2007	New accounts available
27/09/2007	Appointment/resignation of company officers
27/09/2007	PV d'AssemblÃ©e
27/09/2007	Acte modificatif
27/09/2007	Amendment
27/09/2007	Nomination/dÃ©mission des organes de gestion
27/09/2007	Private document
27/09/2007	Acte sous seing privÃ©
27/09/2007	Minutes of general meeting of shareholders
31/12/2006	New accounts available
31/12/2005	New accounts available
31/01/2005	Capital increase
31/01/2005	Immatriculation suite Ã transfert
31/01/2005	Registration after transfer
31/01/2005	Acte sous seing privÃ©
31/01/2005	Private document
31/01/2005	DÃ©claration de conformitÃ©
31/01/2005	Minutes of general meeting of shareholders
31/01/2005	PV d'AssemblÃ©e
31/01/2005	Statuts mis Ã jour
31/01/2005	Updated articles of association
31/01/2005	Acte modificatif
31/01/2005	Augmentation de Capital
31/01/2005	Declaration of conformity
31/12/2004	New accounts available
14/12/2004	Private document
14/12/2004	Rapport des Commissaires ou du GÃ©rant
14/12/2004	Acte sous seing privÃ©
14/12/2004	Audit or Management Report
25/11/2004	Application and court order
25/11/2004	RequÃªte et Ordonnance
25/11/2004	Acte modificatif
22/11/2004	Acte sous seing privÃ©
22/11/2004	Private document
22/11/2004	Rapport des Commissaires ou du GÃ©rant
22/11/2004	Audit or Management Report
19/11/2004	Private document
19/11/2004	Planned merger
19/11/2004	Projet de Fusion
19/11/2004	Apport Partiel
19/11/2004	Acte sous seing privÃ©
19/11/2004	Acte modificatif
05/11/2004	Acte modificatif
05/11/2004	Statuts
05/11/2004	Articles of association
05/11/2004	Fund deposit certificate
05/11/2004	Certificat de dÃ©pÃ´t des fonds
05/11/2004	Private document
05/11/2004	Acte sous seing privÃ©
05/11/2004	Company formation
05/11/2004	Formation de SociÃ©tÃ©

Establishment events history

Date	Description
12/01/2013	Update of phone numbers
28/06/2011	Update of phone numbers
21/12/2009	Update of phone numbers
13/06/2007	Update of phone numbers

directors

Name	M. WESTEPPE UWE
Manager position	President	Date of birth
Place of birth
Type	Individual	Name at birth

Previous Directors

No data about previous directors is available for this company

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.20
UK Pound	1	Rs.99.52
Euro	1	Rs.80.83

INFORMATION DETAILS

Analysis Done by :	DIV

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%)

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

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

MIRA INFORM REPORT

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