MIRA INFORM REPORT

Report No. :	323251
Report Date :	19.05.2015

IDENTIFICATION DETAILS

Name :	ONESIKKS
Registered Office :	94 Rue Choletaise 49450 Saint Macaire En Mauges
Country :	France
Financials (as on) :	31.12.2013
Date of Incorporation :	November 2013
Com. Reg. No.:	B 798 998 670
Legal Form :	Partnership
Line of Business :	Manufacture of outerwear
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

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

NOTES:

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

ECGC Country Risk Classification List – 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 more than 84 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 increased by 0.4% in 2014. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.5% in 2014. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 24.3% in the fourth quarter of 2014. 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 4.3% of GDP in 2014, while France's public debt rose from 68% of GDP to more than 92% over the same period. Elected on a conventionally leftist platform, President Francois HOLLANDE surprised and angered many supporters with a January 2014 speech announcing a sharp change in his economic policy, recasting himself as a liberalizing reformer. The government's budget for 2014 shifted the balance of fiscal consolidation from taxes to a total of $24 billion in spending cuts. In December 2014, HOLLANDE announced additional reforms, including a plan to extend commercial business hours, liberalize professional services and sell off $6.2-12.4 billion in state owned assets. France’s tax burden remains well above the EU average and income tax cuts over the past decade are being partly reversed, particularly for higher earners. The top rate of income tax is 41%. The government is allowing a 75% payroll tax on salaries over $1.24 million to lapse.

Source : CIA

Company summary

SIRET	798 998 670 00011
Name	ONESIKKS
Acronym	-
Trade name	-
Status	Economically active
Postal Address	ONESIKKS 94 RUE CHOLETAISE 49450 SAINT MACAIRE EN MAUGES
Share Capital	15,000,000 Euros
Activity (APE)	Manufacture of outerwear (1413Z)	RCS Registration	RCS Angers B 798 998 670
Formation Date	11/2013	EUR VAT Number	FR19798998670
Deregistration Date	-	Last account Date	31/12/2013
Court Registry Number	20 1 3B01522	Telephone	-
Registration Court	Angers (49)	Fax	-
Nationality	France
		Legal form	Partnership
		Currency	Euros

Key Financials

Year to date	Turnover	Gross operating surplus	Shareholder's equity	Net result	Employees
31/12/2013	0 €		14,994,906 €	-5,094 €	0 employee

Directors

Current Directors

1

Preferential Right

This company is not under monitoring

Establishment Details

Type of Establishment	Head Office	Production Role	-
APE/NAF Code	7010Z	Activity	Activités des sièges sociaux
Formation Date	11/2013	Reason for Formation	Formation
Closure Date	-	Reason for Closure	Other
Reactivation Date	-	Seasonality	-
Activity Nature	-	Activity Location	-
Trading Address	94 RUE CHOLETAISE 49450 SAINT MACAIRE EN MAUGES	Department	-
Location Surface	-	District	-
City	SAINT MACAIRE EN MAUGES	Status	Economically active
Business Pages FT®	-	Region	Pays de La Loire
		Area	-
		Size of Urban Area	-

Other Establishment(s)

Regionality	Legal unit with all establishments in same area
Mono-activity status	Legal unit having all establishments with the same main activity
Branches	1 branch entities in this company

Company Name	Company Type	APE/NAF Code	Activity	City	Post Code
ONESIKKS	Head Office	1413Z	Fabrication de vêtements de dessus	SAINT MACAIRE EN MAUGES	49450
ONESIKKS	Branch	1413Z	Fabrication de vêtements de dessus	SAINT CHAMOND	42400

Workforces

Workforce at address

0 employee

Company workforce

0 employee

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 ratio total assets to total liabilities is 2,472.96

The sales to current assets ratio is 0

The financial liabilities are 0 €

The receivables value is 972 €

The stocks value is 0 €

The trade payables value is 5,337 €

Low risk workforce size

Industry code with low risk rating

Region code with low risk rating

The company is less than 4 years old

The tangible fixed assets are 0 €

The net current assets are 972 €

The net turnover is 0 €

The pre-tax profit is -61,128 €

Collective procedures

No judgment information for the company

Preferential rights details and history

Status of collection

This company is not under monitoring

Group Data

No group information available for the company

Actionnaires

Pas d’actionnaires détectés pour cette société

Linkages

No Linkages information available for the company.

Director(s)

Name	M. CAUCHE PIERRE- ANDRÉ
Manager position	Manager	Date of birth	25/04/1965
Place of birth	LENS (62)
Type	Individual	Name at birth

Previous Directors

Manager position	Title and name	Date of Birth/Place of Birth
Manager	M. CAUCHE PIERRE- ANDRÉ	25/04/1965 - LENS (62)

Status history

Date	Description
03/01/2014	Economically active
02/01/2014	Transfered
27/11/2013	Economically active

Recent publications in Gazettes

	Publication date	Gazette Name	Description
	02/12/2014	Bodacc B	Modification et mutation diverse
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 474 - 798 998 670 RCS Angers. ONESIKKS. Forme : Société en nom collectif. Administration : Gérant : CAUCHE Pierre-, André Associé indéfiniment et solidairement responsable : IKKS JUNIOR (SAS) Associé indéfiniment et solidairement responsable : IKKS WOMEN (SAS) Associé indéfiniment et solidairement responsable : IKKS MEN (SAS) Associé indéfiniment et solidairement responsable : I. CODE (SAS) Associé indéfiniment et solidairement responsable : ONE STEP (SAS) Commissaire aux comptes titulaire : DELOITTE ET ASSOCIES (SACA) Commissaire aux comptes suppléant : BEAS (SAS). Activité : . Commentaires : Modification survenue sur l'administration.
	12/09/2014	Bodacc C	Comptes annuels et rapports
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 5629 - 798998670 RCS. ONESIKKS. Forme : Société en nom collectif. Adresse : 94 rue Choletaise 49450 Saint-Macaire-en-Mauges. Commentaires : Comptes annuels et rapports de l'exercice clos le : 31/12/2013.
	24/12/2013	Bodacc A	Création d'établissement
49 - MAINE-ET-LOIRE GREFFE DU TRIBUNAL DE COMMERCE D'ANGERS 837 - 798 998 670 RCS Angers. ONESIKKS. Forme : Société en nom collectif. Administration : Gérant : CAUCHE Pierre-, André Commissaire aux comptes titulaire : ROSIER Olivier Commissaire aux comptes suppléant : VALETTE Dominique. Capital : 15000000 EUR. Adresse : 94 rue Choletaise, 49450 Saint-Macaire-en-Mauges. Origine du fonds : Création. Etablissement : Etablissement principal. Activité : Création fabrication et commercialisation de vêtements et tous articles accessoires à l'habillement et plus généralement les produits d'équipement de la personne. Adresse : 94 rue Choletaise, 49450 Saint-Macaire-en-Mauges. A dater du : 09/12/2013. Date de commencement de l’activité : 27/11/2013. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

Date	Description
02/12/2014	Bodacc B: Various editing or changing
17/11/2014	New auditor
17/11/2014	Minutes of general meeting of shareholders
12/09/2014	Bodacc C : Deposit accounts notice
02/09/2014	Consideration of a balance sheet that has led to a reassessment of this company's creditworthiness
02/01/2014	Transfer of Establishment
31/12/2013	New accounts available
24/12/2013	Bodacc A : Establishment creation
09/12/2013	Company formation
09/12/2013	Private document
27/11/2013	Formation of Company
27/11/2013	Other modification of Establishment

Synthesized Accounts

Annual Accounts

	31/12/2013
Account period (month)	01
Account Type	Normal
Date of capture	01/09/2014
Activity Code	1413Z
Employees	0

Active account

	31/12/2013	Médiane Secteur 2013
Capital not called	15,000,000	0	0%
Total fixed assets	0	27,900	0%
Intangible assets	0	1,280	0%
Tangible assets	0	5,513	0%
Financial assets	0	2,919	0%
Net current assets	972	134,765	-99.3 %
Stocks	0	22,442	0%
Advanced payments	0	0	0%
Receivables	972	41,912	-97.7 %
Securities and cash	0	17,913	0%
Prepaid expenses	-	0	-
Accounts of regularization	0	0	0%
Total Assets	15,000,972	182,849	8104.0 %

Passive Account

	31/12/2013	Médiane Secteur 2013
Shareholders' equity	14,994,906	46,888	31880.3 %
Share capital	15,000,000	9,146	163906.1 %
Other capital resources	0	0	0%
Risk Provisions	0	0	0%
Liabilities	6,066	111,823	-94.6 %
Financial liabilities	0	11,492	0%
Advanced payments received	0	0	0%
Trade account payables	5,337	19,889	-73.2 %
Tax and social liabilities	0	39,357	0%
Other debts and fixed assets liabilities	729	5,126	-85.8 %
Account regularization	0	0	0%
Total liabilities	15,000,972	182,849	8104.0 %

Results

	31/12/2013	Médiane Secteur 2013
Sales of Goods	0	242,371	0%
Net turnover	0	231,812	0%
of which net export turnover	0	0	0%
Operating charges	5,094	248,069	-97.9 %
Operating profit/loss	-5,094	1,467	-447.2 %
Financial income	0	1	0%
Financial charges	0	466	0%
Financial profit/loss	0	-104	0%
Pretax net operating income	-5,094	1,303	-490.9 %
Extraordinary income	0	0	0%
Extraordinary charges	0	140	0%
Extraordinary profit/loss	0	0	0%
Net result	-5,094	2,474	-305.9 %

Accounts – Active

Normal Account

	31/12/2013
Months	1

Grand Total - Active Accounts (I to VI)

		31/12/2013
Grand Total (I to VI)	Net	15,000,972
Gross	CO	15,000,972
Amortisation	1A	0

Non declared distributed capital (I)

		31/12/2013
Non declared distributed capital (I)	AA3	15,000,000
Gross	AA	15,000,000

Active fixed asset (II)

		31/12/2013
Total Active fixed asset (II)	Net	0
Gross	BJ	0
Amortisation	BK	0

Intangible fixed assets

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

Tangilble fixed assets

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

Financial assets

		31/12/2013
Associates at equity	Net	0
Gross	CS	0
Amortisation	CT	0
Other participations	Net	0
Gross	CU	0
Amortisation	CV	0
Inter-company receivables	Net	0
Gross	BB	0
Amortisation	BC	0
Other investment securities	Net	0
Gross	BD	0
Amortisation	BE	0
Loans	Net	0
Gross	BF	0
Amortisation	BG	0
Other financial assets	Net	0
Gross	BH	0
Amortisation	BI	0
Sub Total Financial assets	Net	0

Current Assets (III)

		31/12/2013
Total Assets	Net	972
Gross	CJ	972
Amortisation	CK	0

Stocks

		31/12/2013
Raw materials	Net	0
Gross	BL	0
Amortisation	BM	0
Work in progress (goods)	Net	0
Gross	BN	0
Amortisation	BO	0
Work in progress (services)	Net	0
Gross	BP	0
Amortisation	BQ	0
Semi-finished and finished products	Net	0
Gross	BR	0
Amortisation	BS	0
Goods for resale	Net	0
Gross	BT	0
Amortisation	BU	0
Sub Total Stocks	Net	0

Advance payments to suppliers

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

Debtors

		31/12/2013
Trade accounts receivable	Net	0
Gross	BX	0
Amortisation	BY	0
Other debtors	Net	972
Gross	BZ	972
Amortisation	CA	0
Capital subscribed and called up	Net	0
Gross	CB	0
Amortisation	CC	0
Sub Total debtors	Net	972

Divers

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

Prepaid expenses

		31/12/2013
Prepaid expenses	Net	0
Gross	CH	0
Amortisation	CI	0

Equalization accounts (IV to VI)

		31/12/2013
Multi-period charges	CW3	0
Gross		0
Premiums on redemption of bonds	CM3	0
Gross		0
Currency differential gain	CN3	0
Gross		0

References

		31/12/2013
Due within one year	CP	0
Due after one year	CR	0

Accounts – Passive

Grand Total - Passive Accounts (I to V)

		31/12/2013
Grand Total (I to V)	EE	15,000,972

Shareholder Equity (I)

		31/12/2013
Total shareholders' equity (Total I)	DL	14,994,906
Equity and shareholders' equity	DA	15,000,000
Issue and merger premiums	DB	0
Revaluation differentials	DC	0
Of which equity differential	EK	0
Legal reserve	DD	0
Statutory or contractual reserve	DE	0
Special regulated reserves	DF	0
Of which special reserve of provisions for current fluctuation	B1	0
Other reserves	DG	0
Of which reserve for buying originals works from alive artists	EJ	0
Profits or losses brought forward	DH	0
Profit or loss for the period	DI	-5,094
Investment grants	DJ	0
Special tax-allowable reserves	DK	0

Other capital resources (II)

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

Provisions for risks and charges (III)

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

Liabilities (IV)

		31/12/2013
Total Liabilities (Total IV)	EC	6,066
Convertible debentures	DS	0
Other debentures	DT	0
Bank loans and liabilities	DU	0
Sundry loans and financial liabilities	DV	0
Of which participating loans	EI	0
Advance payments received for current orders	DW	0
Trade accounts payables	DX	5,337
Tax and social security liabilities	DY	0
Fixed asset liabilities	DZ	0
Other debts	EA	729

Translation loss (V)

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

Equalization accounts

		31/12/2013
Deferred income	EB	0

References

		31/12/2013
Of which tax-allowable reserve	EF	0
Deferred income and liabilities	EG	6,066
Of which current bank facilities	EH	0

Result account

1 - Operating result (I-II)

		31/12/2013
Operating result (Total I-II)	GG	-5,094

2 - Financial result (V-VI)

		31/12/2013
Financial result (Total V-VI)	GV	0

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

		31/12/2013
Pre-tax net operating income (Total I-II+II-IV+V-VI)	GW	-5,094

4 - Extraordinary result (VII-VIII)

		31/12/2013
Extraordinary result (Total VII-VIII)	HI	0

Profit or loss

		31/12/2013
Profit or loss	HN	-5,094

Total Income (I+III+V+VII)

		31/12/2013
Total Income (Total I+III+V+VII)	HL	0

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

		31/12/2013
Total Charges (Total II+IV+VI+VIII+IX+X)	HM	5,094

Operating income (I)

		31/12/2013
Total operating income (Total I)	FR	0

Operating income (details)

		31/12/2013
Sale of goods for resale	FC	0
France	FA	0
Export	FB	0
Sale of goods produced	FF	0
France	FD	0
Export	FE	0
Sale of services	FI	0
France	FG	0
Export	FH	0
Net turnover	FL	0
France	FJ	0
Export	FK	0
Stocked production	FM	0
Self-constructed assets	FN	0
Operating grants	FO	0
Release of reserves and provisions	FP	0
Other income	FQ	0

Operating charges (II)

		31/12/2013
Total operating charges (Total II)	GF	5,094

Exploitation charges

		31/12/2013
Purchase of goods for resale	FS	0
Change in stocks of goods for resale	FT	0
Purchase of raw materials	FU	0
Change in stocks of raw materials	FV	0
Other external purchases and charges	FW	5,094
Tax, duty and similar payments	FX	0
Payroll	FY	0
Social security costs	FZ	0

Depreciation

		31/12/2013
Depreciation of fixed assets	GA	0
Amortisation of fixed assets	GB	0
Depreciation/amortisation of current assets	GC	0
Provisions for risks and charges	GD	0

Other charges

		31/12/2013
Other charges	GE	0

Operating charges (III-IV)

		31/12/2013
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)

		31/12/2013
Total financial income (Total V)	GP	0
Share financial income	GJ	0
Other investment income & capitalised receivables	GK	0
Other interest and similar income	GL	0
Released provisions and transferred charges	GM	0
Exchange gains	GN	0
Net income from disposal of investment securities	GO	0

Financial charge (VI)

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

Extraordinary income (VII)

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

Extraordinary charges (VIII)

		31/12/2013
Total extraordinary charges (Total VIII)	HH	0
Extraordinary operating charges	HE	0
Extraordinary charges from capital transactions	HF	0
Extraordinary reserves and provisions	HG	0

Employee profit sharing (IX)

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

Tax on profits (X)

		31/12/2013
Tax on profits (Total X)	HK	0

References

		31/12/2013
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

Other incomes tax return forms

Fixed Assets

Grand Total Fixed Assets (I to IV)

		31/12/2013
Gross value at begin of period	OG	0
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)

		31/12/2013
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	CO1	0
Decreasess by transfers	CO2	0
Gross value at the end of period	DO	0

Other budget item from Intangible fixed assets (Total II)

		31/12/2013
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)

		31/12/2013
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

Financial assets (Total IV)

		31/12/2013
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)

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

Research and development charge (Total I)

		31/12/2013
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)

		31/12/2013
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)

		31/12/2013
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

Deferred charges and debt issuance costs

		31/12/2013
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

		31/12/2013
Net value at begin 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)

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

Includes Total allocations

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

Includes Total Withdrawal

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

Total regulated provisions (Total I)

		31/12/2013
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)

		31/12/2013
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)

		31/12/2013
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

		31/12/2013
Gross value	VT	972
1 year at most	VU	972
More than one year	VV	0

State of loans

		31/12/2013
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

		31/12/2013
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	972
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

		31/12/2013
Prepaid	VS	0

State Debt

		31/12/2013
Total debt (gross)	VY	6,066
1 year at most	VZ2	6,066
More than 1 year and 5 years at most	VZ3	0
More than 5 years	VZ4	0

Details

		31/12/2013
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	5,337
1 year at most	8B2	5,337
More than 1 year and 5 years at most	8B3	5,337
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 than 5 years	V14	0
Other liabilities (gross)	8K1	729
1 year at most	8K2	729
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

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

Table allocation results and other information

Dividends distributed

		31/12/2013
Dividends	ZE	0

Commitments

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

Other charges Externes

		31/12/2013
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

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

VAT

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

Average number of employees

		31/12/2013
Average number of employees	YP	0

Groups and Shareholders

		31/12/2013
Groups and Shareholders	ZR	0

Ratios

Structure and Liquidity

	31/12/2013	Médiane Secteur 2013
Fixed Asset Financing	-	1.90	-
Global Debt	-	142 days	-
Working Capital Fund overall net	-	80 days	-
Financial independence	-	127.79 %	-
Solvability	99.96 %	35.82 %	179.1 %
Capacity debt futures	-	1,326.13 %	-
Coverage of current assets by net working capital overall	-524.07 %	43.15 %	-1314.5 %
General Liquidity	0.16	0.45	-64.4 %
Restricted Liquidity	0.16	0.90	-82.2 %

Management or rotation

	31/12/2013	Médiane Secteur 2013
Need background in operating working capital	-	20 days	-
Treasury	-	10 days	-
Inventory turnover of goods	-	70 days	-
Average length of credit granted to customers	-	31 days	-
Average length of credit obtained suppliers	377 days	49 days	669.4 %
Inventory turnover of raw materials in industrial enterprises	-	56 days	-
Inventory turnover of intermediate and finished products in the industrial enterprise	-	969 days	-
Rotation tangible assets	-	774.27 %	-

Profitability of the business

	31/12/2013	Médiane Secteur 2013
Margin trading	-	0.00 %	-
Profitability of the business	-	2.16 %	-
Net profit	-	1.82 %	-
Growth rate of turnover (excluding VAT)	-	-1.93 %	-
Rates integration	-	25.04 %	-
Rate leasing furniture	-	0.00 %	-
Work Factor	0.00 %	74.07 %	0%
Weight interests	-	0.27 %	-

Return on capital

	31/12/2013	Médiane Secteur 2013
Cash flow from the overall profitability	-	2.83 %	-
Rates of economic profitability	0.00 %	6.12 %	0%
Financial profitability	-5,094.00 %	24,593.00 %	-120.7 %
Return on investment	-0.03 %	7.73 %	-100.4 %

Management intermediate balances

	31/12/2013	Médiane Secteur 2013
Turnover	0	231,812		0%
			31/12/2013		Médiane Secteur 2013
Sales of goods			0			-
- Purchase of goods			0			-
+/- Stock of goods variation			0			-
Trading margin			0 €		0 €	0%
			-		0.00 % CA	-

	31/12/2013	Médiane Secteur 2013
Sale of goods produced	0		-
+/- Stocked production	0		-
+ Self-constructed assets	0		-
Period production	0 €	70,566 €	0%
	-	99.94 % CA	-
		31/12/2013	Médiane Secteur 2013
Trading margin		0	0	0%
+ Period Production		0	70,566	0%
- Purchase of raw materials		0		-
+/- Change in stocks of raw materiels		0		-
- Other external purchases and charges		5,094		-
Added value		-5,094 €	58,643 €	-108.7 %
		-	25.04 % CA	-

	31/12/2013		Médiane Secteur 2013
Added value	-5,094 €		58,643 €		-108.7 %
+ Operating grants	0				-
- Tax, duty and similar payments	0				-
- Personal charges	0				-
Gross operating surplus	-5,094 €		2,566 €		-298.5 %
	-		2.16 % CA		-
		31/12/2013		Médiane Secteur 2013
Gross operating surplus		-5,094 €		2,566 €		-298.5 %
+ Release of reserves and provisions		0				-
+ Other operating income		0				-
- Depreciation/ Amortisation		0				-
- Other charges		0				-
Operating result		-5,094 €		1,467 €		-447.2 %
		-		1.38 % CA		-

			31/12/2013	Médiane Secteur 2013
Operating result			-5,094 €	1,467 €	-447.2 %
+/- Result of joint-venture transferred from/to other partners			0		-
+ Financial income			0		-
- Financial charges			0		-
Pre-tax result			-5,094 €	1,303 €	-490.9 %
			-	1.15 % CA	-
	31/12/2013	Médiane Secteur 2013
Extraordinary income	0	0	0%
- Extraordinary charges	0		-
Extraordinary result	0 €	0 €	0%
	-	0.00 % CA	-

	31/12/2013	Médiane Secteur 2013
Pre-tax result	-5,094 €	1,303 €	-490.9 %
Extraordinary result	0 €	0 €	0%
- Employee profit sharing	0		-
- Tax on profits	0		-
Net result	-5,094 €	2,489 €	-304.7 %
	-	1.81 % CA	-

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.55
UK Pound	1	Rs.99.86
Euro	1	Rs.72.67

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	VNT

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.