MIRA INFORM REPORT

 

 

 

Report Date :

18.12.2008

 

IDENTIFICATION DETAILS

 

Name :

INEOS VINYLS DEUTSCHLAND GMBH

 

 

Registered Office :

Inhausersieler Str. 25, 26388 Wilhelmshaven

 

 

Country :

Germany

 

 

Date of Incorporation :

06.03.1996

 

 

Com. Reg. No.:

HRB 130417

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of synthetic rubber in primary forms

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR 250.000,00.

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

Name & address

 

INEOS Vinyls Deutschland GmbH

Inhausersieler Str. 25

26388 Wilhelmshaven

Telephone: 04425/9801

Telefax:   04425/982217

Homepage:  www.ineosvinyls.com

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

Business relations are permissible.

 

 

LEGAL FORM          

 

Private limited company

 

 

Shareholders' agree-ment              

 

01.03.1977

 

 

Registered on     

 

06.03.1996

 

 

Commercial Register

 

Local court 26135 OLDENBURG/OLDB.

 

 

under            

 

HRB 130417

 

Share capital:                          EUR         36.501.150,00


Shareholder

 

EVC Holding B.V.

NL - Eijsden

Legal form: Private limited company

Share:             EUR         36.501.150,00

 

 

Manager

 

Dr. Peter Prinz

41539 Dormagen

having sole power of representation

born 28.12.1967

 

 

Proxy

 

Dr. Rainer Patjens

Am Brunnen 8

26419 Schortens

authorized to jointly represent the company

born 29.09.1961

 

 

Further functions/participations of Peter Prinz (Manager)

 

Manager:

Ineos Chlor Atlantik GmbH

Inhausersieler Str. 25

Post Box: 1755

26388 Wilhelmshaven

Legal form: Private limited company

Share capital:     EUR          2.500.000,00

Reg. Data:         19.11.1991

HRB 130283

26135 OLDENBURG/OLDB.

 

 

BUSINESS HISTORY

 

01.03.1977    ICI Erdöl- u. Ergdasaufsuchung und

                      Verwertungsgesellschaft Nordsee mbH

                      10115 Berlin

                      Private limited company

 

29.10.1979   ICI Erdöl- u. Erdgasaufsuchung und

                     Verwertungsgesellschaft Nordsee GmbH

                     Emil-von-Behring-Str. 2

                     60439 Frankfurt

                     Private limited company

 

02.12.1986  European Vinyls Corporation (Deutschland)

                     GmbH

                     Emil-von-Behring-Str. 2

                     60439 Frankfurt

                     Private limited company

 

22.04.1997    European Vinyls Corporation (Deutschland)

                      GmbH

                      Inhausersieler Str. 254

                      26388 Wilhelmshaven

                      Private limited company

 

21.01.2003   European Vinyls Corporation (Deutschland)

                     GmbH

                     Inhausersieler Str. 25

                     26388 Wilhelmshaven

                     Private limited company

 

06.09.2005  European Vinyls Deutschland GmbH

                    Inhausersieler Str. 25

                    26388 Wilhelmshaven

                    Private limited company

 

 

BUSINESS ACTIVITIES

 

2017

Manufacture of synthetic rubber in primary forms

 

 

BRANCHES AND FACTORIES

 

Branch:

European Vinyls Corporation (Deutschland)

GmbH

Bau O 160

06258 Schkopau

Comm. reg. listing: 23.09.1998


PARTICIPATION

 

Shareholder:

INEOS Films GmbH

Radebeulstr. 1

Post Box: 1253

79219 Staufen

Legal form: Private limited company

Share capital: EUR          9.127.140,00

Share:            EUR          9.127.140,00

Reg. Data:  04.08.1960

                   HRB 310019

                   79098 FREIBURG

Turnover:    EUR         77.000.000,0

 Employees:                600

 

 

Shareholder:

INEOS Vinyls Sales GmbH

Inhausersieler Str. 25

26388 Wilhelmshaven

Legal form: Private limited company

Share capital: EUR             26.000,00

Share:            EUR             26.000,00

Reg. Data:  11.10.2005

      HRB 131775

      26135 OLDENBURG/OLDB.

Turnover:    EUR        520.000.000,00

                   Employees:                                19

                   Profit transfer agreement

 

 

Shareholder:

tecpol Technologieentwicklungs GmbH für

ökoeffiziente Poly- merverwertung

Expo Plaza 3

30539 Hannover

Legal form: Private limited company

Share capital:     EUR            474.250,00

Share:                EUR              9.700,00

Reg. Data:  17.04.2003

                    HRB 61005

                    30175 HANNOVER

Turnover:     EUR         14.000.000,00

Employees:  33

 

 


FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         proprietor

Share:                           100,00 %

Address                        Inhausersieler Str. 25

                                    26388 Wilhelmshaven

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, OLDENBURG (OLDB)

 

Sort. code: 28070057

 

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2006               EUR        121.891.226,00

                      2007               EUR        121.000.000,00

Share capital:                          EUR         36.501.150,00

Value of stocks:                        EUR          6.465.455,00

Equipment:                              EUR            617.616,00

Ac/ts receivable:                       EUR             76.090,00

Liabilities:                            EUR         26.924.175,00

Employees:                                                    374

 

Approximate figures are given.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.47.33

UK Pound

1

Rs.73.92

Euro

1

Rs.66.69

 

 

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