MIRA INFORM REPORT
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Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ASHLAND INDUSTRIES EUROPE GMBH |
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Registered Office : |
Rheinweg 11, 8200 Schaffhausen |
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Country : |
Switzerland |
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Date of Incorporation : |
01.04.2005 |
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Com. Reg. No.: |
290.4.015.069-9 / 787892 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Sales of chemical specialties globally used in making a variety of
products for home, office, and industrial markets. |
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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Maximum Credit Limit : |
CHF 300'000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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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
Ashland Industries Europe GmbH
Operating address
Rheinweg 11
8200 Schaffhausen
Switzerland/CH
Telephone: 052
5605600
Fax: 052
5605599
Web
site: http://www.herc.com
VAT-No.: CHE112297540
Profile
Established: 2005
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Import
Banks: unknown
Operational Figures
Coverage: Company
Figures: approximately
Employees: 20-34
Activity
The business activities includes sales of chemical specialties globally
used in making a variety of products for home, office, and industrial markets.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 290.4.015.069-9 /
787892
Legal
form: Limited liability
company
Registration: 01.04.2005
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Schaffhausen
Auditor: PricewaterhouseCoopers
AG, Zug
History: Date of Statutes:
18.03.2010
Date of
Statutes: 20.10.2008
Date of
Statutes: 27.06.2005
Date of
Incorporation Statutes: 30.03.2005
Entry Deleted Name
01.04.2010 Ashland
Industries Europe GmbH
01.04.2010 Ashland
Industries Europe S.à r.l. (Name translated)
01.04.2010 Ashland
Industries Europe Ltd liab. Co (Name translated)
01.04.2005 01.04.2010 Hercules International GmbH
01.04.2005 01.04.2010 Hercules International S.à.r.l. (Name
translated)
01.04.2005 01.04.2010 Hercules International Ltd liab. Co (Name
translated)
Entry Deleted Legal domicile
30.06.2005 Neuhausen
am Rheinfall, Switzerland
01.04.2005 30.06.2005 Schaffhausen, Switzerland
Entry Deleted Address
30.06.2005 Rheinweg
11, 8200 Schaffhausen/SH, Switzerland/CH
01.04.2005 30.06.2005 Vordergasse 3, bei BDS Consulting AG, 8200
Schaffhausen/SH, Switzerland/CH
Entry Deleted Capital
01.04.2005 LLC
Capital CHF 2'000'000
Entry Deleted Capital Structure
03.11.2008 2'000
Participation shares of CHF 1'000.--
Entry Deleted Activity (original Language)
01.04.2010 Die
Gesellschaft bezweckt den Einkauf, die Produktion sowie den Verkauf und
Vertrieb der Produkte des Ashland-Konzerns im In- und Ausland, wobei Einkauf,
Produktion, Verkauf und Vertrieb über Tochtergesellschaften,
Zweigniederlassungen oder anderen mit der Gesellschaft verbundenen Unternehmen
erfolgen kann. Im weiteren beinhaltet der Zweck der Gesellschaft das Erbringen
von Dienstleistungen an die europäischen Gesellschaften der Ashland-Gruppe,
insbesondere Dienstleistungen in Bezug auf die Entwicklung von Geschäfts- und
Marketingstrategien und in Bezug auf Informationstechnologie, Management der
Zulieferkette und administrative Belange.
01.04.2005 01.04.2010 Einkauf, Produktion sowie Verkauf und Vertrieb
der Produkte des Hercules-Konzerns und das Management der europäischen
Gesellschaften der Hercules-Gruppe.
Entry Deleted Remarks (original Language)
28.10.2008 Note:
Vom Gesetz abweichende Abtretungsmodalitäten von Stammanteilen laut Statuten.
28.10.2008 Reports:
Mitteilungen der Geschäftsführung an die Gesellschafter erfolgen schriftlich an
die im Anteilbuch eingetragene Adresse.
01.04.2005 Publishing
authority: SHAB.
01.04.2005 Intended
asset takeover: Die Gesellschaft beabsichtigt nach der Gründung a)
Lagerbestände, bestehend aus Fertigprodukten, Rohmaterial und
Zwischenprodukten, zum dannzumaligen Verkehrswert, jedoch höchstens zum Preis
von insgesamt CHF 367'970'000.-- zu erwerben; b) in den von ihr gemieteten
Räumlichkeiten einen Mieterausbau vorzunehmen, der insbesondere Informations-
und Telekommunikationsinstallationen sowie die Inneneinrichtung umfasst, zum
Preis von höchstens CHF 6'000'000.--;
c) Rechte für die Nutzung des Know-Hows für die Produktion der Produkte
der Hercules-Gruppe zu einem Höchstpreis von CHF 54'000'000.-- zu erwerben.
Management
Title Name
General
Manager Clive
William Simpson, Origin: United States of America, Address: Ludlow /KY, United
States of America, joint signature of two, Appointment: 21.01.2009
General
Manager Leigh
Ellen Townley, Origin: United States of America, Address: Den Haag,
Netherlands, joint signature of two, Appointment: 21.01.2009
General
Manager Johan
Muylaert, Origin: Belgium, Address: Neuhausen am Rheinfall, Switzerland, joint
signature of two, Appointment: 20.08.2009
General
Manager Mario Swinnen,
Origin: Belgium, Address: Schaffhausen, Switzerland, joint signature of two,
Appointment: 20.08.2009
Chairman
of the management Paola Raccuia
Bolderman, Origin: Netherlands, Address: 8200 Schaffhausen/SH, Switzerland,
single signature, Appointment: 08.07.2008
Executive board
Title Name
Chief
Executive Officer Paola
Raccuia Bolderman
Ultimate Parent Company
Name: Ashland Inc
City/Country: Covington, United States of
America/US
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Ashland Industries
Nederland B.V.
City/Country: Barendrecht, Netherlands/NL
Capital
share: CHF 2'000'000.--
Interest: 100.00% voting right,
100.00% capital interest (since 03.11.2008)
Investments
It is believed that the company has no investments.
Legal Actions
Control date Year No. Amount CHF Status
26.05.2009 2009 0
26.05.2009 2008 0
26.05.2009 2007 0
26.05.2009 2006 0
19.11.2008 2005 0
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 financial situation
is in order.
Payment
experiences: Financial obligations are
met as appropriate.
Maximum
Credit: CHF 300'000
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.47 |
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UK Pound |
1 |
Rs.74.96 |
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Euro |
1 |
Rs.65.79 |
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.