MIRA
INFORM REPORT
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Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
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Name : |
BAYER MATERIALSCIENCE LTD. |
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Registered Office : |
77/F., The Center, 99 Queen’s Road Central |
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Country : |
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Date of Incorporation : |
11.02.1998 |
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Com. Reg. No.: |
21927744 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of plastic raw materials. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company Name and address
BAYER MATERIALSCIENCE LTD.
company ADDRESS
77/F., The Center, 99 Queen’s Road Central,
PHONE: 2895 5888, 2158 2467
FAX: 3526 4505, 3526 4730
E-MAIL: dirk.lang@bayermaterialscience.com
MANAGEMENT
Managing Director: Mr. Wolfgang
Werner Miebach
SUMMARY
Incorporated on: 11th
February, 1998.
Organization: Private
Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Plastic Material Trader.
Group Net Sales:- (Year
ended 31-12-2009)
€31,168 million (Whole Group)
€ 7,520 million (Bayer MaterialScience Subgroup)
Group Employees:- (As
at 31-12-2009)
108,400. (Whole Group)
14,300. (Bayer MaterialScience
Subgroup)
Employees:
200.
Main Dealing Banker: Deutsche Bank AG, Hong Kong Branch.
Banking Relation: Good.
company ADDRESS
Registered Head
Office:-
77/F., The Center, 99 Queen’s Road Central,
Holding Company:-
Bayer Far East Service Co. Ltd.,
Intermediate
Holding Company:-
Bayer MaterialScience AG,
Ultimate Holding
Company:-
Bayer AG,
Affiliated
Companies:-
Bayer Group of Companies
1.
2. BHCV
Agreva
AgrEvo Middle East (
AgrEvo Verwaltungsgesellschaft mbH,
Ausbildungsinitiative Rheinland
Aventis CropScience Malawi Ltd.,
Bayer (
Bayer (
Bayer (
Bayer (
Bayer (
Bayer 04 Leverkusen Sportförderung gGmbH,
Bayer 04 Marketing
Bayer 04 Mobilien
Bayer Algerie S.P.A.,
Bayer Australia Ltd.,
Bayer BioScience Pvt. Ltd.,
Bayer Co. (
Bayer Coatings Systems Shanghai Co. Ltd.,
Bayer CropScience (
Bayer CropScience (OHQ) (
Bayer CropScience (Pvt) Ltd.,
Bayer CropScience (
Bayer CropScience Co. Ltd.,
Bayer CropScience Holdings Pty. Ltd.,
Bayer CropScience Inc.,
Bayer CropScience K.K., Japan.
Bayer CropScience Ltd.,
Bayer CropScience Ltd.,
Bayer CropScience Ltd.,
Bayer CropScience Pty. Ltd.,
Bayer d.o.o.
Bayer Distribuidora de Produtos Quimicos e
Bayer Guangyi Panel Co. Ltd.,
Bayer Healthcare Co. Ltd.,
Bayer HealthCare Ltd.,
Bayer Healthcare S.r. l.,
Bayer Holding Ltd.,
Bayer Innovation Ventures
Bayer International Services
Bayer Jinling Polyurethane Co. Ltd.,
Bayer Korea Ltd.,
Bayer MaterialScience Ltd.,
Bayer MaterialScience Pty. Ltd.,
Bayer MaterialScience Pvt. Ltd.,
Bayer MaterialScience Trading (
Bayer Middle
Bayer New Zealand Ltd.,
Bayer OÜ,
Bayer
Bayer Pharmaceuticals Pvt. Ltd.,
Bayer Philippines Inc.,
Bayer Polymers (
Bayer Polyurethanes (
Bayer Polyurethanes Taiwan Ltd.,
Bayer Schering Pharma Moçambique Lda.,
Bayer Shanghai Pigments Co. Ltd.,
Bayer Sheet Korea Ltd.,
Bayer Sichuan Animal Health Co. Ltd.,
Bayer Taiwan Co. Ltd.,
Bayer Technology & Engineering (
Bayer Technology Services
Bayer Thai Co. Ltd.,
Bayer TPU (Shenzhen) Co. Ltd.,
Bayer UK Ltd.,
Bayer Uretech Ltd.,
Bayer Verwaltungsgesellschaft für Anlagevermögen mbH,
Bayer Vietnam Ltd.,
Bayer Wuxi Leather Chemical Co. Ltd.,
Bayer Yakuhin Ltd.,
Bayer Zhongxi Agrochemcial Co. Ltd.,
Bayer Zhongxi Consumer Care Co. Ltd.,
Bayer
Bayer-Handelsgesellschaft mbH,
Bayer-Unterstützungskasse
Bayhealth Comercializacao de Produtos Farmaceuticos
Bayhealth S.L.,
BayInvest
BayOne Canada Inc.,
BCS (Pvt) Ltd.,
BCS
Berlex Canada Inc.,
Berlex Especialidades Farmaceuticas Lda.,
Berlimed-Especialidades
Berlipharm B.V.,
Bilag Industries Pvt. Ltd.,
Centro Estrategico Canada Latinoamerica S.A. de C.V.,
Centrofarma-Industria e Comercio de Prod.
Chemdyes
CIS (
Comercial Interamericana S.A.,
Delinting & Seed Treating Company,
Ehrfeld Mikrotechnik BTS
Epurex Films
Fünfte Bayer VV
Genus Grundstücks- und Vermietungsgesellschaft mbH & Co. KG,
Guangzhou Bayer MaterialScience Co. Ltd.,
H & R Cosfra Ltd.,
HTV Gesellschaft für Hochtemperaturverbrennung mbH,
Icon Genetics Inc.,
Imaxeon Pty. Ltd.,
Intendis K.K., Japan.
Job@ctive
Junta Comercializadora de Productos de Latinoamerica S.A. de C.V.,
Kosinus Grundstücks-Verwaltungs-Gesellschaft mbH,
Laboratorio Berlimed S.A.,
Lusal Producao Quimico Farmaceutica Luso-
Lusalfarma-Especialidades
Medipharm (Pvt) Ltd.,
Medrad Asia Pte. Ltd.,
Medrad Medical Equipment Trading Company,
Myanmar Aventis CropScience Ltd.,
Nihon Medrad K.K.,
Nunhems Beijing Seed Co. Ltd.,
Nunhems India Pvt. Ltd.,
P.T. Bayer
P.T. Bayer MaterialScience
Quimicas Unidas
Rhein Chemie (
Schering (
Schering Industrial Products Holdings,
Schering Peruana S.A.,
Schering Pty. Ltd.,
Schering
Schering Verwaltungsgesellschaft mbH,
Sechste Bayer VV
Shanghai Fortune Long March - Trace Medical Science Co. Ltd.,
SIA Bayer,
Sumika Bayer Urethane Co. Ltd.,
The SDI Divestiture Corporation,
U I M Agrochemicals (Aust) Pty. Ltd.,
Viterion TeleHealthcare
ZAO Rhone-Poulenc AO,
etc.
BUSINESS REGISTRATION NUMBER
21927744
COMPANY FILE NUMBER
0636023
MANAGEMENT
Managing Director: Mr. Wolfgang
Werner Miebach
CAPITAL
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
SHAREHOLDER
(As per registry
dated 11-02-2010)
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Name |
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No. of shares |
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Bayer Far East Service Co. Ltd., |
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100,000 ====== |
DIRECTORS
(As per registry
dated 23-06-2010)
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Name (Nationality) |
Address |
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Michael KOENIG |
W30, Tomson Golf Villa, 1 Long Dong Da Dao, Pudong, |
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Wolfgang Werner MIEBACH |
Kinderhausen 8, 51381 |
SECRETARY
(As per registry
dated 11-02-2010)
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Name |
Address |
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LEE Yuk Kwan |
Flat 1115, 11/F., Sheung Yat House, Upper Ngau Tau Kok Estate, Kwun
Tong, Kowloon, Hong Kong. |
HISTORY
The subject was incorporated on 11th February, 1998 as a private limited
liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of King Lion
Corporation Ltd., name changed to Sybron Chemicals (
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer
and Exporter.
Lines: All
kinds of plastic raw materials.
Group Employees:- (As
at 31-12-2009)
108,400. (Whole Group)
14,300. (Bayer MaterialScience
Subgroup)
Employees: 200.
Commodities Imported:
Markets: Worldwide.
Group Net Sales:-
|
Period |
Whole Group |
Bayer
MaterialScience Subgroup |
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Year ended 31-12-2005 |
€24,701million |
- |
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Year ended 31-12-2006 |
€28,956 million |
- |
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Year ended 31-12-2007 |
€32,385 million |
€10,435 million |
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Year ended 31-12-2008 |
€32,918 million |
€
9,738 million |
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Year ended 31-12-2009 |
€31,168 million |
€
7,520 million |
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
D/P, etc.
MEMBERSHIP
The Hong Kong General Chamber of Commerce,
[Membership No. HKB0043]
FINANCIAL INFORMATION
Nominal Share Capital: HK$100,000.00 (Divided into
100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
Group Net Income: €1,597 million
(Year ended 31-12-2005)
€1,683 million (Year ended
31-12-2006)
€4,711 million (Year ended
31-12-2007)
€1,719 million (Year ended
31-12-2008)
€1,359 million (Year ended
31-12-2009)
Profit or Loss: Business is profitable.
Condition:
Keeping
in an active and satisfactory manner.
Facilities:
Making
active use of general banking facilities.
Payment:
Met
trade commitments on time.
Commercial Morality: Good.
Banker:
Deutsche
Bank AG, Hong Kong Branch.
Standing:
Good.
GENERAL
Bayer MaterialScience Ltd. is a wholly-owned subsidiary of Bayer Far
East Service Co. Ltd. [Bayer FE], a Hong Kong-registered firm located at the
subject’s operating address. In turn,
Bayer FE is a subsidiary of Bayer MaterialScience AG [Bayer MaterialScience],
The subject is trading in the products of the Group.
The Group is principally engaged in supplying plastics, basic and fine
chemicals flavours, fragrances and aromatic chemicals, polyurethanes, synthetic
rubbers and rubber chemicals, coating and colorants, specialty products,
fibres, pharmaceuticals, diagnostics, consumer care, crop protection and
animal-health products to the Chinese market and importing finished and
semi-finished raw materials and other intermediates and native products from
the People’s Republic of China.
Bayer is one of the largest diversified international health care and
chemicals groups. Founded in 1863 and
headquartered at
At the end of 2009, the Group employed 108,400 people worldwide while
the Bayer MaterialScience Subgroup employed 14,300 persons.
In 2009, Bayer was successful in a difficult environment. It achieved EBITDA (earnings before interest
expense, tax, depreciation and amortisation) before special items of €6.5
billion, the third-highest level in its history, and nearly reached its
ambitious target of limiting the decline in earnings against the record year
2008 to about 5%. Moreover, it improved
net cash flow by 49% to a record €5.4 billion.
This enabled it to reduce net financial debt by €4.5 billion – a greater
amount than planned – to €9.7 billion.
Group sales fell by 5.3% to €31,168 million (2008: €32,918 million).
Bayer is research-based and aims for technology leadership in its core
activities.
Bayer (
Bayer has eleven joint ventures and one wholly-owned enterprise in
China: Bayer Healthcare Co. Ltd., Rhein Chemie (Qingdao) Ltd., Bayer Wuxi
Leather Chemical Co. Ltd., Bayer Shanghai Pigments Co. Ltd., Bayer Sichuan
Animal Health Co. Ltd., H & R Cosfra Ltd., Bayer Guangyi Panel Co. Ltd.,
Bayer Jinling Polyurethane Co. Ltd., Bayer Zhongxi Agrochemcial Co. Ltd., Bayer
Zhongxi Consumer Care Co. Ltd., and Shanghai Fortune Long March - Trace Medical
Science Co. Ltd.
Currently, the subject is trading in the following products and offering
clients with the following services:-
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Product/Service |
Product/Service Remarks |
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Pharmaceutical and Medicine |
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Veterinary Medicine |
From From |
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Pharmaceutical Preparation |
Include veterinary from Include veterinary from |
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Chemicals (including Plastic Materials) |
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Plastic Materials (including Resins and Sheet) |
Include fluorescent plastic from Include fluorescent plastic from |
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Textile Chemicals |
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Dyeing, Tanning and Colouring Materials |
Dyestuff from Dyestuff from |
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Industrial Chemicals |
From From |
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Household Chemicals |
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Insecticide |
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Agro-Chemicals |
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Pesticide For Agricultural Use |
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The subject carries the following brands:-
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Brand Name |
Brand Product/Service |
Brand Remarks |
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Bayer (Brand Owner) |
Pharmaceutical Preparation |
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Veterinary Medicine |
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Agro-Chemicals |
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Pesticide For Agricultural Use |
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Insecticide |
Insecticides |
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Industrial Chemicals |
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Dyeing, Tanning and Colouring Materials |
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Plastic Materials (including Resins and Sheet) |
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Haarmann And Reimer (Official Agent) |
Industrial Chemicals |
SPICE |
Bayer MaterialScience is an independent, globally operating company
within the Bayer Group. The name Bayer
MaterialScience stands for the materials that the company develops and
produces. It also stands for the
know-how and expertise of its employees all over the world.
Bayer MaterialScience operates at 30 locations throughout the
world. Sales of some €7.5 billion were
achieved in 2009 (2008: €9.7 billion), decreased by 22.7% as compared with
previous year.
Bayer MaterialScience is currently making major investments in the boom
region of
Bayer MaterialScience’s famous products are coating raw materials
bearing the brandnames of “Bayhydrol®” and “Bayhydur®”. High-grade “Makrolon®”, “Makrofol®”
and “Apec®” polycarbonates,
together with the “Bayblend®” and “Makroblend®” polycarbonate
blends, rank among Bayer MaterialScience’s best-sellers. These products are indispensable when it
comes to the production of automotive components, data carriers such as CDs and
DVDs, and a large number of other everyday items. The key product brands of Polyurethanes are “Desmodur®”
and “Desmophen®”. Resins under
the brand names “Desmopan®” and “Texin®” are used in technical
films and textile coatings, belts, hoses, cables and profiles, in the
automotive sector (interior, exterior, and chassis), in a multitude of
applications in sports and leisure (e.g. ski and sport shoes and sport equipment),
etc.
The customer industries of importance to MaterialScience experienced a
slump in business in 2009 that varied in intensity from one region to
another. In the first quarter,
particularly, demand plummeted. The
difficult economic conditions gradually improved as the year went on, mainly as
a result of the extensive stimulus programs introduced throughout the world.
The subject is fully supported by Bayer MaterialScience and ultimately
by Bayer.
On the whole, in view of the parentage of the subject, consider it good
for normal business engagements.
COURT CASES: None
per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.99 |
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|
1 |
Rs.73.24 |
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Euro |
1 |
Rs.62.80 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.