MIRA INFORM REPORT

 

 

 

Report Date :

21.07.2008

 

IDENTIFICATION DETAILS

 

Name :

RÜTGERS CHEMICALS GMBH

 

 

Registered Office :

Kekulestr. 30 44579 Castrop-Rauxel

 

 

Country :

Germany

 

 

Date of Incorporation :

26.03.1992

 

 

Com. Reg. No.:

HRB 20092

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other Organic Basic Chemicals

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

name & address

 

RÜTGERS Chemicals GmbH

Kekulestr. 30

44579 Castrop-Rauxel

Telephone: 02305/7050

Telefax:   02305/705316

Homepage:  www.ruetgers-chemicals.de

E-Mail:    info@ruetgers-chemicals.de

 

 

SOLVENCY RATING

 

 1,7

 

 

 CONCLUSION

 

Business relations are permissible.

 

The company is considered solvent for credits within its scope of business.

 

 

LEGAL FORM          

 

Private limited company

 

 

Date of foundation

 

26.03.1992

 

 

Registered on      

 

18.12.2006

 

 

Commercial Register

 

Local court 44135 DORTMUND

under:               HRB 20092

 

 

Share capital                       

 

EUR         30.720.000,00

 

 

Shareholder

 

RÜTGERS GmbH

Rellinghauser Str. 1

Post Box: 103154

45128 Essen

Legal form: Private limited company

Share capital:     EUR        117.760.000,00

Share:             EUR         30.720.000,00

Reg. Data:  24.02.2005

HRB 18367

45130 ESSEN 1

Employees:                            99.000

 

 

Manager

 

Frank Böttcher

45128 Essen

authorized to jointly represent the company

born 13.09.1961

Occupation: Businessman

 

 Manager:

Philipp Rüdiger Richartz

Schadeburgstr. 31

44627 Herne

authorized to jointly represent the company

born 12.12.1953

Occupation: degree-level social scientist

 

 

President of the Supervisory Board

 

Dr. rer. nat. Alfred Oberholz

45770 Marl

born 27.04.1952

 

 

Proxy

 

Wolfgang Lücke

Käthe-Kollwitz-Str. 15

46539 Dinslaken

authorized to jointly represent the company

born 30.08.1955

Occupation: graduate engineer

 

Proxy:

Heinz Wilfried Letat

Dorfstr. 7

44628 Herne

born 30.09.1948

Occupation: Businessman

 

Proxy:

Siegfried Striewski

An der Molkerei 24

46284 Dorsten

authorized to jointly represent the company

 

Proxy:

Gerhard Weyers

Am Quellenbusch 49 b

46242 Bottrop

authorized to jointly represent the company

born 25.09.1951

Occupation: Businessman

Marital status: married

 

Proxy:

Günter Knoche

47051 Duisburg

authorized to jointly represent the company

Occupation: Bank Clerk

Marital status: unknown

 

Proxy:

Uwe Holland

48653 Coesfeld

authorized to jointly represent the company

born 16.06.1968

 

Proxy:

Friedhelm Alsmeier

45130 Essen

born 01.11.1954

 

Proxy:

Dr. Winfried Boenigk

59348 Lüdinghausen

born 13.03.1955

 

Proxy:

Bettina Bloemers

50670 Köln

authorized to jointly represent the company

born 04.02.1966

 

Proxy:

Jens Stiegert

44135 Dortmund

born 02.11.1963

 

Proxy:

Ulrich Pannek

44787 Bochum

authorized to jointly represent the company

born 04.02.1967

 

Proxy:

Dr. Thomas Müchler

Prinzenstr. 31b

58332 Schwelm

authorized to jointly represent the company

born 17.04.1962

 

Proxy:

Thomas Dötsch

Brüsseler Allee 84

45481 Mülheim

authorized to jointly represent the company

born 21.07.1964

 

 

Further functions/participations of Philipp Rüdiger Richartz (Manager)

 

 Manager:

RÜTGERS Dienstleistungs-GmbH

Kekulestr. 30

44579 Castrop-Rauxel

Legal form: Private limited company

Share capital:     EUR             26.000,00

Reg. Data:  17.07.2007

HRB 20527

44135 DORTMUND

 

Manager:

RÜTGERS Altersversorgungs-GmbH

Kekulestr. 30

44579 Castrop-Rauxel

Legal form: Private limited company

Share capital:     EUR             25.000,00

Reg. Data:  31.07.2007

HRB 20550

44135 DORTMUND

 

 

BUSINESS HISTORY

 

1993                 Rütgers VFT AG

                      Mainzer Landstr. 217

                      60326 Frankfurt

                      Public limited company

 23.09.1997           VFT AG

                      Varziner Str. 49

                      47138 Duisburg

                      Public limited company

 12.02.2002           Rütgers VFT AG

                      Kekulestr. 30

                      44579 Castrop-Rauxel

                      Public limited company

 02.09.2005           RÜTGERS Chemicals Aktiengesellschaft

                      Kekulestr. 30

                      44579 Castrop-Rauxel

                      Public limited company

 

 

 BUSINESS ACTIVITIES

 

2414

MANUFACTURE OF OTHER ORGANIC BASIC CHEMICALS

 

 

BRANCHES AND FACTORIES

 

Works:

                      RÜTGERS Chemicals GmbH

                      Wartburgstr. 71

                      44579 Castrop-Rauxel

 Branch:

                      RÜTGERS Chemicals GmbH

                      Varziner Str. 49

                      47138 Duisburg

 Branch:

                      RÜTGERS Chemicals GmbH -Niederlassung-

                      Heideäcker 3

                      63457 Hanau

 

 

 PARTICIPATION

 

Shareholder:

RÜTGERS ChemTrade GmbH

Kekulestr. 30

44579 Castrop-Rauxel

Legal form: Private limited company

Share capital:     EUR            512.000,00

Share:                EUR            512.000,00

Reg. Data:  22.12.1999

HRB 16913

44135 DORTMUND

Employees:                                11

Control and profit transfer agreement

 

Shareholder:

NJR Aromatics GmbH

Kekulestr. 30

44579 Castrop-Rauxel

Legal form: Private limited company

Share capital:     EUR            100.000,00

Share:              EUR            100.000,00

Reg. Data:  03.06.2002

HRB 16999

44135 DORTMUND

 

 

Shareholder:

RÜTGERS UCP GmbH

Kekulestr. 30

44579 Castrop-Rauxel

Legal form: Private limited company

dissolved

Share capital:     EUR            150.000,00

Share:                EUR             76.500,00

Reg. Data:  02.07.2002

HRB 17007

44135 DORTMUND

 

Shareholder:

RÜTGERS Dienstleistungs-GmbH

Kekulestr. 30

44579 Castrop-Rauxel

Legal form: Private limited company

Share capital:     EUR             26.000,00

Share:                EUR             26.000,00

Reg. Data:  17.07.2007

HRB 20527

44135 DORTMUND

 

Shareholder:

RÜTGERS Altersversorgungs-GmbH

Kekulestr. 30

44579 Castrop-Rauxel

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:                EUR             25.000,00

Reg. Data:  31.07.2007

HRB 20550

44135 DORTMUND

 

 

FINANCIAL INFORMATION

 

Solvency rating:      1,7

Payment experience:  within agreed terms

Trend of business:   constant

 

 

 REAL ESTATE

 

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Varziner Str. 49

                           47138 Duisburg

 

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Wartburgstr. 71

                      44579 Castrop-Rauxel

 Type of real estate: plot of land

 Size:                   50.000,00 sq.m

 

 Type of ownership:   proprietor

 Share:                100,00 %

 Address              Kekulestr. 30

                          44579 Castrop-Rauxel

 

 Land register documents were not available.

 

 

BANKERS

 

 DEUTSCHE BANK, DORTMUND

 Sort. code: 44070050, Account No: 6270706

 COMMERZBANK, DUISBURG

 Sort. code: 35040038, Account No: 5845847

 DRESDNER BANK, CASTROP-RAUXEL

 Sort. code: 44080050, Account No: 3040082

 

 

 FIGURES

 

 Financial year:      01.01. - 31.12.

 Turnover:            2006               EUR        319.890.000,00

 Share capital:                          EUR         30.720.000,00

 Value of stocks:                                    EUR         36.560.000,00

 Equipment:                               EUR         34.000.000,00

 Ac/ts receivable:                                   EUR         32.499.000,00

 Liabilities:                                 EUR         18.434.000,00

 Employees:                                                    773

 - Salaried employees:                                                     400

 - Workers:                                                         328

 - Trainees:                                                          45

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.42.78

UK Pound

1

Rs.85.51

Euro

1

Rs.67.90

 

 

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