MIRA INFORM REPORT

Report No. :	307680
Report Date :	11.02.2015

IDENTIFICATION DETAILS

Name :	ARCHROMA FRANCE SAS
Registered Office :	Bp 1, Rue Du Flottage, 60350 Trosly Breuil
Country :	France
Date of Incorporation :	April 2013
Com. Reg. No.:	1 792 716 300
Legal Form :	Simplified Joint Stock Company With Single Associate
Line of Business :	Manufacture of Other Chemical Products
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES:

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

ECGC Country Risk Classification List – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
France	A1	A1

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

FRANCE - ECONOMIC OVERVIEW

The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 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 summary

Name

ARCHROMA FRANCE SAS

SIRET

792 716 300 00019

Personal comment

company summary

EUR VAT Number	FR09792716300
Activity (APE)	Manufacture of other chemical products n.e.c. (2059Z)	Legal form	Simplified Joint Stock Company with Single Associate
Phone	04 72 31 91 11	RCS Registration	RCS Compiegne 1 792 716 300
Fax		Share capital	1,500,000 Euros
Address	Archroma France Sas Bp 1 Rue Du Flottage 60350 Trosly Breuil	Incorporated Date	04/2013
Nationality	France	Status	Economically active

Payment Information Summary - Trade Payment Data
Total number of Invoices available	1
Total number of Invoices paid within or up to 30 days after the due date	0
Total number of Invoices paid more than 30 days after the due date	1
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

This company is not under monitoring

Current Directors

3

company details

Company details

Activity (APE)	Manufacture of other chemical products n.e.c. (2059Z)
RCS Registration	RCS Compiegne 1 792 716 300	Share capital	1,500,000 Euros
Registration Court	Compiegne (60)	Legal form	Simplified Joint Stock Company with Single Associate
Court Registry Number	20 1 3B00408	EUR VAT Number	FR09792716300
Incorporation Date	04/2013	Formation Date	04/2013
Deregistration Date		Last account Date	N/A
Nationality	France

Establishment details

Activity (APE)	Fabrication d'autres produits chimiques n.c.a. (2059Z)	Business Pages FT®	PRODUITS CHIMIQUES (FABRICATION, GROS)
Postal Address	ARCHROMA FRANCE SAS  BP 1  RUE DU FLOTTAGE  60350 TROSLY BREUIL	Trading Address	RUE DU FLOTTAGE  60350 TROSLY BREUIL
Telephone	04 72 31 91 11
Fax

Type	Head office	Status	Economically active
Formation Date	04/2013	Reason for formation	Formation
Closure Date		Reason for closure
Reactivation Date		Production Role
Activity Nature	-	Activity Location	N/R
Location surface		Seasonality

Department	Oise (60)	Region	Picardie
District	3	Area	01
City	TROSLY BREUIL	Size of urban area

Other establishments

Branches	1 branch entities in this company
Head office	> ARCHROMA FRANCE SAS <<<  - Fabrication d'autres produits chimiques n.c.a. (2059Z)  in TROSLY BREUIL  (60350)
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

Workforce unknown

Company workforce

Workforce unknown

accounts

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

Group Structure

No group information available for the company

Shareholders

No Shareholders available for this company

Linkages

No Linkages information available for the company

event history

Status history

Date	Description
07/08/2013	Economically active

Recent publications in Gazettes

Publication date	Gazette Name	Description
29/10/2014	Bodacc B	Modification et mutation diverse
60 - OISE GREFFE DU TRIBUNAL DE COMMERCE DE COMPIÈGNE 1386 - 792 716 300 RCS Compiegne. ARCHROMA FRANCE SAS. Forme : Société par actions simplifiée à associé unique. Capital : 1500000 EUR.Activité : .  Commentaires : Modification du capital.
17/10/2014	JAL	Modification of the share capital
Oise agricole (L') Date de décision : 22/09/2014 La société : 792716300 - ARCHROMA FRANCE SAS, RUE DU FLOTTAGE, BP 1, BP 1, 60350 TROSLY BREUIL a subi une augmentation de son capital social désormais de 1 500 000 €  Date d'effet : 22/09/2014
10/12/2013	Bodacc B	Modification et mutation diverse
60 - OISE GREFFE DU TRIBUNAL DE COMMERCE DE COMPIÈGNE 1146 - 792 716 300 RCS Compiegne. ARCHROMA FRANCE SAS. Forme : Société par actions simplifiée à associé unique. Administration :Commissaire aux comptes titulaire : KPMG S. A en fonction le 22 Avril 2013 Commissaire aux comptes suppléant : KPMG AUDIT IS en fonction le 22 Avril 2013 Directeur général : TOEPELMANN Matthias en fonction le 02 Décembre 2013 Président : PENNETIER Philippe Jean-Michel en fonction le 02 Décembre 2013 Directeur général : KYRIAZIS Jean Loannis en fonction le 02 Décembre 2013. Activité : .  Commentaires : Modification de représentant.
06/12/2013	JAL	Resignation / Revocation of the social representative
Oise agricole (L ) Date de décision : 15/11/2013 La société 792716300 - ARCHROMA FRANCE SAS, RUE DU FLOTTAGE, BP 1, BP 1, 60350 TROSLY BREUIL  Fait l'objet du départ de Monsieur Barry Siadat,  De Monsieur Aaron Davenport
06/12/2013	JAL	Appointment of the social representative
Oise agricole (L ) Date de décision : 15/11/2013 Société faisant l'objet d'une nomination : 792716300 - ARCHROMA FRANCE SAS, RUE DU FLOTTAGE, BP 1, BP 1, 60350 TROSLY BREUIL  Nominé : Monsieur Philippe Pennetier, 69440 CHAUSSAN En la fonction de : Président Nominé : Monsieur Jean Kyriazis, 60750 CHOISY AU BAC En la fonction de : Directeur général Nominé : Monsieur Matthias Toepelmann, CH-4310 RHEINFELDEN En la fonction de : Directeur général
03/11/2013	Bodacc A	Vente et cession : Acheteur
60 - OISE GREFFE DU TRIBUNAL DE COMMERCE DE COMPIÈGNE 445 - 792 716 300 RCS Compiegne. ARCHROMA FRANCE SAS. Forme : Société par actions simplifiée à associé unique. Capital : 1000 EUR.Adresse : rue du Flottage, Bp 1, 60350 Trosly-Breuil.  Origine du fonds : Achat d'un fonds de commerce au prix stipulé de 2064107 Euros. Etablissement : Etablissement principal. Activité : actifs attachés à l'activité de fabrication de produits chimiques des business Units textiles et papiers du groupe Clariant en France. Adresse : rue du Flottage, 60350 Trosly Breuil.  Précédent propriétaire : CLARIANT PRODUCTION (FRANCE). 302 305 529 RCS Compiegne.  Date de commencement de l’activité : 30/09/2013. Publication légale : Le Parisien du 22/10/2013. Oppositions : rue du Flottage BP 1 60350 TROSLY BREUIL à l'attention de Madame Françoise GAUDREL pour la validité et pour la correspondance. Descriptif : . Commentaires : Achat d'un fonds par une personne morale (insertion provisoire).
22/10/2013	JAL	Activity or goodwill cession: Buyer
Parisien (Le)/Edition de l'Oise Date de décision : 30/09/2013  Cédant : 302305529 - CLARIANT PRODUCTION (FRANCE), RUE DU FLOTTAGE, BP 1, BP 1, 60350 TROSLY BREUIL Cessionnaire : 792716300 - ARCHROMA FRANCE SAS, RUE DU FLOTTAGE, BP 1, BP 1, 60350 TROSLY BREUIL Prix de vente : 2064107 € Date d’effet : 30/09/2013
20/08/2013	Bodacc B	Modification et mutation diverse
60 - OISE GREFFE DU TRIBUNAL DE COMMERCE DE COMPIÈGNE 295 - 792 716 300 RCS Compiegne. ARCHROMA FRANCE SAS. Forme : Société par actions simplifiée à associé unique. Activité : production, traitement, distribution de tous produits chimiques spécialisés.  Commentaires : Modification de l'activité. Modification de la date de début d'activité. Date de commencement de l’activité : 07/08/2013.
10/07/2013	Bodacc B	Modification et mutation diverse
60 - OISE GREFFE DU TRIBUNAL DE COMMERCE DE COMPIÈGNE 2085 - 792 716 300 RCS Compiegne. ARCHROMA FRANCE SAS. Forme : Société par actions simplifiée à associé unique. Administration :Commissaire aux comptes titulaire : KPMG S. A en fonction le 22 Avril 2013 Commissaire aux comptes suppléant : KPMG AUDIT IS en fonction le 22 Avril 2013 Président : SIADAT Barry Bahram en fonction le 02 Juillet 2013 Directeur général : DAVENPORT Aaron Charles en fonction le 02 Juillet 2013. Activité : .  Commentaires : Modification de représentant.
05/07/2013	JAL	Resignation / Revocation of the social representative
Oise agricole (L ) Date de décision : 23/06/2013 La société 792716300 - ARCHROMA FRANCE SAS, RUE DU FLOTTAGE, BP 1, 60350 TROSLY BREUIL  Fait l'objet du départ de Keynejad Jamshid
05/07/2013	JAL	Appointment of the social representative
Oise agricole (L ) Date de décision : 23/06/2013 Société faisant l'objet d'une nomination : 792716300 - ARCHROMA FRANCE SAS, RUE DU FLOTTAGE, BP 1, 60350 TROSLY BREUIL  Nominé : Monsieur Barry Siadat, FLORIDE En la fonction de : Président Nominé : Monsieur Aaron Davenport, NY 10024 NEW YORK En la fonction de : Directeur général
12/05/2013	Bodacc A	Création d'établissement
60 - OISE GREFFE DU TRIBUNAL DE COMMERCE DE COMPIÈGNE 962 - 792 716 300 RCS Compiegne. ARCHROMA FRANCE SAS. Forme : Société par actions simplifiée à associé unique. Administration : Président : KEYNEJAD Jamshid Mark Commissaire aux comptes titulaire : KPMG S. A Commissaire aux comptes suppléant : KPMG AUDIT IS. Capital : 1000 EUR. Adresse : rue du Flottage, Bp 1, 60350 Trosly-Breuil.  Date de commencement de l’activité : 01/01/0001. Descriptif : Cette soci¿t¿ n'exerce aucune activit¿. Commentaires : Immatriculation d'une personne morale (B, D) sans activité.

Company events history

Date	Description
23/12/2014	Application and court order
23/12/2014	Extension of term
29/10/2014	Bodacc B: Various editing or changing
21/10/2014	Minutes of general meeting of shareholders
21/10/2014	Capital increase
21/10/2014	Updated articles of association
22/09/2014	Legal Gazette: Modification of the share capital
03/07/2014	Update Rating
01/07/2014	Application and court order
01/07/2014	Extension of term
27/02/2014	Update Rating
25/02/2014	Application and court order
25/02/2014	Extension of term
10/12/2013	Bodacc B: Various editing or changing
06/12/2013	Legal Gazette: Resignation / Revocation of the social representative
05/12/2013	Updated articles of association
05/12/2013	Minutes of general meeting of shareholders
05/12/2013	New closing date
02/12/2013	Amendment
02/12/2013	Appointment/resignation of company officers
02/12/2013	New chairman (CEO, CoB)
15/11/2013	Legal Gazette: Appointment of the social representative
03/11/2013	Update Rating
03/11/2013	Update Limit
03/11/2013	Bodacc A : Sale and transfer
30/09/2013	Legal Gazette: Activity or goodwill cession: Buyer
20/08/2013	Bodacc B: Various editing or changing
13/08/2013	Update Rating
07/08/2013	Update of Company Activity
07/08/2013	Update of Company Concern status
07/08/2013	Reactivation of Company
07/08/2013	Modification of Company Activity
10/07/2013	Bodacc B: Various editing or changing
05/07/2013	Legal Gazette: Resignation / Revocation of the social representative
02/07/2013	New chairman (CEO, CoB)
02/07/2013	Changes to the Board of Directors
02/07/2013	Amendment
23/06/2013	Legal Gazette: Appointment of the social representative
12/05/2013	Bodacc A : Establishment creation
22/04/2013	Other modification of Establishment
22/04/2013	New chairman (CEO, CoB)
22/04/2013	Formation of Company
22/04/2013	Private document
22/04/2013	Company formation

directors

Name	M. TOEPELMANN MATTHIAS
Manager position	Managing director	Date of birth	27/09/1963
Place of birth	NUREMBERG(ALLEMAGNE)
Type	Individual	Name at birth

Name	M. PENNETIER PHILIPPE JEAN-MICHEL
Manager position	President	Date of birth	13/12/1959
Place of birth	LA SOUTERRAINE
Type	Individual	Name at birth

Name	M. KYRIAZIS JEAN IOANNIS
Manager position	Managing director	Date of birth	21/02/1965
Place of birth	PARIS
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
President	M JAMSHID MARK KEYNEJAD	1/3/1963 - CARSHALTON(ROYAUME-UNI)
President	M BARRY BAHRAM SIADAT	1/10/1954 - IRAN(IRAN)
Managing director	M AARON CHARLES DAVENPORT	10/20/1971 - IOWA(ETATS-UNIS D'AMERIQUE)
Managing director	M JEAN LOANNIS KYRIAZIS	2/21/1965 - PARIS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.96
UK Pound	1	Rs.94.41
Euro	1	Rs.70.20

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	TPT

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