MIRA INFORM REPORT
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Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
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Name : |
INEOS EUROPE AG |
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Registered Office : |
Avenue des Uttins 3,
1180 Rolle |
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Country : |
Switzerland |
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Date of Incorporation : |
21.01.2011 |
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Com. Reg. No.: |
550.1.083.017-1 / 1007414 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
sales of Acrylonitrile and Acetonitrile |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
New company |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
--- |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Switzerland |
a1 |
a1 |
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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
INEOS Europe AG
Operating
address
Avenue des Uttins 3
1180 Rolle
Switzerland/CH
Telephone: 021
6277040
Fax: 021
6277045
Web site: http://www.ineosnitriles.com
VAT-No.: CHE490118020
Profile
Established: 2011
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of
chemical products
Import/Export: Import,
Export
Banks: unknown
Operational
Figures
Coverage: Company
Figures: approximately
Employees: 10-19
Activity
The business activities
includes the sales of Acrylonitrile and Acetonitrile.
Real
Estate
Information on property
ownership was not available.
Company
Register
Company No: 550.1.083.017-1
/ 1007414
Legal form: Company
limited by shares
Registration: 21.01.2011
Legal status: active
Responsible Register: Registre du commerce du canton de Vaud
Auditor: PricewaterhouseCoopers
SA (CH-550-0056305-7), Pully
History: Date
of Incorporation Statutes: 17.01.2011
Entry Deleted Name
21.01.2011 INEOS
Europe AG
Entry Deleted Legal domicile
21.01.2011 Rolle,
Switzerland
Entry Deleted Address
21.01.2011 Avenue
des Uttins 3, 1180 Rolle/VD, Switzerland/CH
Entry Deleted Capital
21.01.2011 Share
Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
21.01.2011 100'000
Registered shares of CHF 1.--
Entry Deleted Activity (original Language)
21.01.2011 L'achat
et la vente de produits chimiques, notamment le Nitrile, en Suisse ou à
l'étranger (pour but complet cf. statuts).
Entry Deleted Remarks (original Language)
21.01.2011 Publishing
authority: Feuille officielle suisse du commerce.
Official
Administration
Title Name
President John
Reece, Origin: United Kingdom, Address: Bougy-Villars, Switzerland, born:
07.03.1957, single signature, Appointment: 21.01.2011
Executive Director Andrew Christopher Currie, Origin: United
Kingdom, Address: Rolle, Switzerland, born: 04.12.1955, single signature,
Appointment: 21.01.2011
Executive Director Marc Ian Parry Mitchell, Origin: United
Kingdom, Address: Rolle, Switzerland, born: 11.02.1958, single signature,
Appointment: 21.01.2011
Executive Director Calum Grigor Maclean, Origin: United Kingdom, Address:
Rolle, Switzerland, born: 08.12.1963, single signature, Appointment: 21.01.2011
Management
Title Name
Member with procuration David Alan Schmidt, Origin: United States of America,
Address: Prangins, Switzerland, single power of attorney, Appointment:
20.06.2011
Member with procuration Gerhard Franken, Origin: Germany, Address: Köln,
Germany, single power of attorney, Appointment: 20.06.2011
Member with procuration Hans Casier, Origin: Belgium, Address: Ghent, Belgium,
single power of attorney, Appointment: 20.06.2011
Member with procuration William Bain Reid, Origin: United Kingdom, Address:
Hampshire, United Kingdom, single power of attorney, Appointment: 20.06.2011
Member with procuration David Freeman Kirkwood, Origin: United Kingdom,
Address: Romsey, United Kingdom, single power of attorney, Appointment:
20.06.2011
Member with procuration Leonardus Hendrik Heemskerk, Origin: Netherlands,
Address: East Wellow, United Kingdom, single power of attorney, Appointment:
20.06.2011
Member with procuration Franck François Alfred Demay, Origin: France, Address:
Aix en Provence, France, single power of attorney, Appointment: 20.06.2011
Member with procuration Henry Deans, Origin: United Kingdom, Address:
Salisbury, United Kingdom, single power of attorney, Appointment: 20.06.2011
Member with procuration David Nicholas Brooks, Origin: United Kingdom, Address:
Hampshire, United Kingdom, single power of attorney, Appointment: 20.06.2011
Member with procuration Gordon William Adams, Origin: United Kingdom, Address:
Sunninghill, United Kingdom, single power of attorney, Appointment: 20.06.2011
Member with procuration Paul Felicien Verspecht, Origin: Belgium, Address:
Asse, Belgium, single power of attorney, Appointment: 20.06.2011
Member with procuration Jan Frans Vermeersch, Origin: Belgium, Address: Herent,
Belgium, single power of attorney, Appointment: 20.06.2011
Member with procuration Paul Christopher Overment, Origin: United Kingdom,
Address: New Milton, United Kingdom, single power of attorney, Appointment:
20.06.2011
Member with procuration Robert Michael Ingram, Origin: United Kingdom, Address:
Lausanne/VD, Switzerland, single power of attorney, Appointment: 20.06.2011
Member with procuration Robert John Nevin, Origin: United Kingdom, Address:
Arzier, Switzerland, single power of attorney, Appointment: 20.06.2011
Ultimate
Parent Company
Name: INEOS
AG
City/Country: Rolle,
Switzerland/CH
Owner/-s
No. of Owner/-s: 1
Owner: The
company is domestic owned.
Class: 100%
Name: INEOS
Holdings AG
City/Country: Rolle,
Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Investments
It is
believed that the company has no investments.
Legal
Actions
An updated legal action
check is only available against proof of interest. e.g. a copy of an enquiry
letter, and order or invoice relating to the subject company.
Credit
Information
Financial Statements: The company does not disclose any financial statements. Third parties
are not permitted any insight into the financial affairs. It is therefore
difficult to make a proper assessment of the actual situation.
Financial Situation: The company was recently formed. There is presently no
information available concerning the financial situation and the course of
business.
Payment experiences: There are no objections regarding the payment of financial
obligations.
Credit Opinion: The
company was recently incorporated. In extending credit facilities it is advised
that normal business security be obtained e.g. bank guarantee.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
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UK Pound |
1 |
Rs.74.18 |
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Euro |
1 |
Rs.64.88 |
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 |
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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 |
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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 |
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NB |
New Business |
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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.