MIRA INFORM REPORT

 

 

Report Date :

11.09.2007

 

IDENTIFICATION DETAILS

 

Name :

Kemira PPC Germany GmbH

 

 

Registered Office :

Marie-Curie-Str. 10, 51377 Leverkusen

 

 

Country :

Germany

 

 

Date of Incorporation :

07.08.1998

 

 

Com. Reg. No.:

HRB 57319

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other Chemical Products nec

Wholesale Trade in Chemical Technical Products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 250.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

Kemira PPC Germany GmbH

Marie-Curie-Str. 10

51377 Leverkusen

Telephone: 0214/20690134

Telefax:      0214/20690250

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM 

 

Private limited company

 

 

Date of foundation

 

07.08.1998

 

 

Begin of Business activities

 

01.04.2006

 

 

Shareholders' agreement

 

07.08.1998

 

 

Registered on

 

13.03.2006

 

 

Commercial Register

 

Local court 50939 KÖLN 41

 

 

Under

 

HRB 57319

 

 

Share capital

 

EUR             25.564,59

 

 

Shareholder

 

Kemira OYJ

SF - Helsinki

Legal form: Other legal form

Share:             EUR             25.564,59

 

 

Manager

 

Eckhard Wenderoth

51381 Leverkusen

having sole power of representation

born 25.03.1949

Occupation: Businessman

Marital status: unknown

 

 

BUSINESS HISTORY

 

Beginning of business activities:01.04.2006

 

07.08.1998        Kemira Kemwater GmbH

                        Langstr. 60

                        63450 Hanau

                        Private limited company

22.12.1999        Tikkurila Coatings GmbH

                        Langstr. 60

                        63450 Hanau

                        Private limited company

 10.03.2006       Kemira PPC Germany GmbH

                        Langstr. 60

                        63450 Hanau

                        Private limited company

 13.03.2006       Kemira PPC Germany GmbH

                        Kaiser-Wilhelm-Allee 5

                        51373 Leverkusen

                        Private limited company

 01.04.2007       Kemira PPC Germany GmbH

                        Marie-Curie-Str. 10

                        51377 Leverkusen

                        Private limited company

 

BUSINESS ACTIVITIES

 

24660

MANUFACTURE OF OTHER CHEMICAL PRODUCTS NEC

 

51554

WHOLESALE TRADE IN CHEMICAL TECHNICAL PRODUCTS

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Marie-Curie-Str. 10

                                    51377 Leverkusen

 

Land register documents were not available.

 

 

BANKERS

 

DRESDNER BANK, HANAU

Sort. code: 50680002

 

 

FIGURES

 

Financial year:               01.01. - 31.12.

Turnover:                       2006     EUR         36.300.000,00

Share capital:                            EUR                25.564,59

Employees:                               150

Branch number:             24660 / 51554

 

Approximate figures are given.

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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