MIRA INFORM REPORT

 

 

Report Date :

31.01.2011

 

IDENTIFICATION DETAILS

 

Name :

INEOS VINYLS SALES GMBH 

 

 

Registered Office :

Inhausersieler Str. 25, 26388 Wilhelmshaven

 

 

Country :

Germany

 

 

Date of Incorporation :

11.10.2005

 

 

Com. Reg. No.:

HRB 131775     

 

 

Legal Form :

Private Limited Company           

 

 

Line of Business :

Wholesale of chemical products

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

250.000 EUR

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints  

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address

 

INEOS Vinyls Sales GmbH

Inhausersieler Str. 25

26388 Wilhelmshaven

 

 

Financial Information

 

Payment experience:           within periods customary in this trade

Negative information:           We have no negative information at hand.

Maximum credit:                 250.000 EUR

 

                                                                                                                                                              

Conclusion

 

The maximum credit is EUR 250.000,00.                                                                                                   

 

 

Communication data

 

Main address

 

Address:           Inhausersieler Str. 25

D 26388 Wilhelmshaven

Telephone:         04421/9801

Telefax:              04421/982217

Homepage:         www.ineosvinyls.com

 

 

Legal form

 

Legal form:                         Private limited company                                                                             

Registered on:                    11.10.2005                                                                                                

Commercial Register:          Local court 26135 Oldenburg, HRB 131775                                                  

Share capital:                     26.000,00 EUR                                                                                          

 

Shareholder  

 

INEOS Vinyls Deutschland GmbH

Inhausersieler Str. 25

D 26388 Wilhelmshaven

 

Legal form: Private limited company

Share capital:   36.501.150,00 EUR

Registered on: 06.03.1996

Reg. data:   26135 Oldenburg, HRB 130417

Profit transfer agreement

Share: 26.000,00 EUR

 

 

Manager    

 

Gerold Jelschen

Usedomstr. 15

D 26215 Wiefelstede

 

born:          09.01.1952

Marital status:   married

 

     

Further functions/participations of: Gerold Jelschen

 

Manager        

INEOS ChlorVinyls Sales GmbH

Moorhof 2d

D 22399 Hamburg

 

Legal form: Private limited company

Share capital:   25.000,00 EUR

Registered on: 19.09.2006

Reg. data:   20355 Hamburg, HRB 98515

 

Proxy                                                                

Klaus Gohla

Habichtstr. 7

D 26419 Schortens

authorized to jointly represent the company

 

born:    08.09.1959

  

 

Company history

 

from:                                

29.06.2005                        SCHE 05 Verwaltungsgesellschaft mbH, Keplerstr. 10
D 70174 Stuttgart              Private limited company

 

 

Business activities / Sectors

 

Sector (WZ 08)

46750               Wholesale of chemical products

 

 

Real estate

 

Real Estate

Type of ownership:              Tenant

Address:                            Inhausersieler Str. 25
26388 Wilhelmshaven

Land register documents were not available.

 

 

Bankers

 

Sort. code                 Bank name/place

28070057                  DEUTSCHE BANK, OLDENBURG (OLDB)

 

 

Financial figures

 

Financial year:  01.01.   -           31.12.

 

 

Turnover                                                     2008                                               469.312.704,00 EUR

Share capital                                                                                                    26.000,00 EUR

Value of stocks                                                                                                 116.394,00 EUR

Ac/ts receivable                                                                                                204.323,00 EUR

Liabillities                                                                                                         1.887.907,00 EUR

Employees                                                                                                       26

 

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.74

UK Pound

1

Rs.72.73

Euro

1

Rs.62.73

 

 

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

 

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.