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Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
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Name : |
LANXESS ELASTOMERS B.V. |
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Registered Office : |
Mijnweg 1, 6167AC Geleen |
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Country : |
Netherlands |
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Date of Incorporation : |
06.08.1980 |
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Com. Reg. No.: |
14032465 |
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Legal Form : |
Limited
Company |
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Line of Business : |
Manufacture
of synthetic rubber in primary forms |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Netherlands |
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 |
Netherlands - ECONOMIC OVERVIEW
The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.
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Source : CIA |
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Company name |
Lanxess Elastomers B.V. |
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|
|
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Tradename |
Lanxess
Elastomers B.V. |
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|
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Address |
Mijnweg
1 |
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|
6167AC
Geleen |
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Netherlands |
|
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|
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Mail address |
Postbus
601 |
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6160AP
Geleen |
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Netherlands |
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Telephone number |
0467020690 |
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Telefax number |
0467020650 |
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E-mail address |
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Website |
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VAT number / RSIN |
005198203 |
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POSTSTRAAT1 |
|
6135 KR SITTARD |
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Tot: 13-8-2009 |
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Handelsregisternummer |
14032465 |
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Registered in |
Chamber of commerce
Limburg |
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First registration |
06-08-1980 |
|
Act of foundation |
07-05-1980 |
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Date of
constitution |
07-05-1980 |
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Last change in
statutes |
30-08-2011 |
|
Legal form |
Besloten
Vennootschap (Limited
Company) |
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Place of
constitution |
Heerlen |
|
Capital |
EUR |
|
Issued capital |
EUR
30.403.274,48 |
|
Paid up capital |
EUR
30.403.274,48 |
|
NACE-code |
Manufacture
of synthetic rubber in primary forms (2417) |
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SBI-code |
Manufacture
of synthetic rubber in primary forms (2017) |
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Formal objective |
Werkzaam in zijn op
het terrein van de chemische industrie, in het bijzonder de ontwikkeling van,
produktie van, alsmede de handel in elastomeren en aanverwante produkten, raw
materials. |
|
Import |
The
whole world |
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Export |
The
whole world |
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Shareholder |
Name:
Lanxess Buna GmbH |
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|
Address:
Paul Baumann Strasse 1, 45772 Marl, Bondsrepubliek Germany |
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Registered
in: Chamber of commerce in Gelsenkirchen, Bondsrepubliek Germany with |
|
|
registration
number 5912. |
|
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Only
shareholder since: 02-05-2011 |
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Ultimate
shareholder: |
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LANXESS
AG |
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GEBAEUDE
K10 |
|
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51369
LEVERKUSEN |
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Germany |
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Category
of the company Very large company |
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Operating
revenue (2011) 8,922,000 th EUR |
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P/L
for period (2011) 506,000 th EUR |
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Total
assets (2011) 6,878,000 th EUR |
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Number
of employees (2011) 16,390 |
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Main
exchange Boerse Frankfurt |
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Market
cap. (10/10/2012) 5,093 mil EUR |
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Company structure |
Name:
Lanxess Buna GmbH |
|
|
Address:
Paul Baumann Strasse 1, 45772 Marl, Bondsrepubliek Germany |
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Registered
in: Chamber of commerce in Gelsenkirchen, Bondsrepubliek Germany with |
|
|
registration
number 5912. |
|
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Holding
company |
Bank ABN
Amro Bank NV
Account number:
57.80.15.749
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Real estate |
Lease |
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The
real estate is checked at the land registration office |
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Object
code: GELEEN G 4324 |
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Owner:
OCI NITROGEN B.V. |
Management G.M.
Weymans
Gunther Matthias
Authorization: Fully authorized
Position: Manager
Date appointed: 02-05-2011
Date of birth: 25-09-1957
U.G. Bechtel
Ulrich Günter
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-05-2011
Date of birth: 05-10-1969
K.J.M. Beugels
Karel Jozef Marie
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-09-2001
Date of birth: 25-07-1953
W.E. Braubach
Wilfried Egon
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-05-2011
Date of birth: 25-07-1961
A. Caballero Tellez
Ana-Belen
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-10-2006
Date of birth: 04-07-1981
M.C. Chien
Ming Cheng
Authorization: Limited authorization
Position: Proxy
Date appointed: 02-05-2011
Date of birth: 23-10-1955
F.F. van der Burg-van Baarle
Frederiek Floor
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-09-2008
Date of birth: 30-03-1971
H.G. Dikland
Herman Gerard
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-07-2009
Date of birth: 03-04-1965
N.C.J. Direcks
Nicole Catharina Jozefina
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2012
Date of birth: 23-03-1985
H.W.J. Habets
Hubertus Wilhelmus Johanna
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-10-1994
Date of birth: 01-04-1959
T. Mulder
Thomas
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-05-2011
Date of birth: 09-04-1958
P.F.P.M. Nederstigt
Pieter Frans Pius Marie
Authorization: Limited authorization
Position: Proxy
Date appointed: 15-03-2004
Date of birth: 11-12-1955
M.P.J. Pepels
Monique Philomina Josephina
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2001
Date of birth: 29-08-1966
E.P. Posthuma
Erik Peter
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-04-2005
Date of birth: 19-07-1968
A. Rollas
Ali
Authorization: Limited authorization
Position: Proxy
Date appointed: 02-02-2009
Date of birth: 29-04-1971
G.C.J. Schreurs
Gerardus Cornelis Johannes
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-04-2005
Date of birth: 05-05-1958
M. Schuurman
Mattijs
Authorization: Limited authorization
Position: Proxy
Date appointed: 02-05-2011
Date of birth: 19-05-1982
M.P. van Veen-Beelen
Maria Petronella
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-09-2009
Date of birth: 20-04-1964
M.J.M. Wilms
Mathias Johannes Maria
Authorization: Limited authorization
Position: Proxy
Date appointed: 15-03-2004
Date of birth: 02-10-1954
Payment experiences Payments
are regular, no complaints are known
Payments Based
on multiple payment experiences up to € 50.000
Quarter: 1 2012: 72 Average days
Quarter: 2 2012: 33 Average days
Quarter: 3 2012: 37 Average days
Quarter: 4 2012: 34 Average days
|
|
invoices |
current quarter |
2012
Q3 |
2012
Q2 |
2012 Q1 |
|
|
Total |
94 |
100% |
175.088 |
172.176 |
180.157 |
208.562 |
|
Within terms |
64 |
92,5% |
161.947 |
151.150 |
172.743 |
97.725 |
|
Delayed 0 - 30 |
|
7,5% |
13.141 |
21.026 |
2.629 |
49.222 |
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Delayed 31 - 60 |
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0,0% |
|
|
1.001 |
54.048 |
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Delayed 61 - 90 |
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0,0% |
|
|
3.784 |
7.567 |
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Delayed 91 - 120 |
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Delayed 120+ days |
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Auditor |
Ernst & Young |
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Annual accounts |
The
company is not obligated to publish its financial account. |
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Tendency |
Not
to be judged because of the absence of sufficient financial information |
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Profitability |
Not
to be judged |
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Solvency |
Not
to be judged |
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Liquidity |
Based
on payment experiences the liquidity can be described as positive |
|
Currency |
Euro |
Liability
statements
Per 05-05-2011 filed a withdrawal of declaration of liability.
Per 18-11-2011 filed a declaration of liability.
Per 18-11-2011 filed a declaration of liability.
Per 05-05-2011 filed a withdrawal of declaration of liability.
Consent statements
Over bookyear 2011 a consent agreement is filed
Over bookyear 2010 a consent agreement is filed
Over bookyear 2010 a consent agreement is filed
Over bookyear 2009 a consent agreement is filed
Over bookyear 2009 a consent agreement is filed
Over bookyear 2008 a consent agreement is filed
Management
Per 01-01-2012 is Proxy Nicole Catharina Jozefina Direcks appointed.
Per 15-02-2012 is Proxy Wen Pan out of office.
Per 15-02-2012 is Proxy Jie Lu out of office.
Per 15-02-2012 is Proxy Jue Wei out of office.
Per 15-02-2012 is Proxy Maudrene Lim out of office.
Per 15-02-2012 is Proxy Ingrid Peter Maria Margaretha Fredrix out of
office.
Per 15-02-2012 is Proxy Christianus Petrus Josephus Hendrikus Borgmans
out of office.
Per 01-03-2012 is Proxy Leonardus Lambertus Henricus van der Loo out of
office.
Per 15-02-2012 is Proxy Godelieve Lambertine Josephine Luyten-Beckers
out of office.
Per 15-02-2012 is Proxy Monique Josephine Elisabeth Vijgeboom-Vroomen
out of office.
Per 31-12-2011 is Proxy Robert Franciscus Gabriël Rijlaarsdam out of
office.
Per 15-02-2012 is Proxy Joseph Hubert Peter Jan Slangen out of office.
Per 31-12-2011 is Proxy Margaretha Gerarda Johanna Albert
Helgers-Hurenkamp out of office.
Per 01-05-2011 is Proxy Wen Pan appointed.
Per 01-05-2011 is Proxy Jie Lu appointed.
Per 01-05-2011 is Proxy Jue Wei appointed.
Per 01-05-2011 is Proxy Maudrene Lim appointed.
Per 01-05-2011 is Proxy Wilfried Egon Braubach appointed.
Per 01-05-2011 is Proxy Ulrich Günter Bechtel appointed.
Per 01-05-2011 is Proxy Thomas Mulder appointed.
Per 01-05-2011 is Proxy Etha van de Wiel-Bruggeman out of office.
Per 01-05-2011 is Proxy Jan Reinier Bernhard Peter Zonnenberg out of
office.
Per 01-05-2011 is Proxy Christian Antoine Marie Jean-Pierre Widdershoven
out of office.
Per 01-05-2011 is Proxy Martin Kleimeier out of office.
Per 01-05-2011 is Proxy Sebastiaan Willem Peter van Gemert out of
office.
Per 01-05-2011 is Proxy Berend Kist out of office.
Per 02-05-2011 is Proxy Mattijs Schuurman appointed.
Per 02-05-2011 is Proxy Mattijs Schuurman appointed.
Per 01-05-2011 manager Jan Paul de Vries out of office.
Per 02-05-2011 manager Gunther Matthias Weymans appointed.
Per 02-05-2011 is Proxy Ming Cheng Chien appointed.
Per 15-03-2011 is Proxy Willem Bart van den Bos out of office.
Per 01-12-2010 is Proxy Wendy Maria Johanna Helena Ritterbex out of
office.
Per 01-12-2010 is Proxy Erik Christianus Antonius Aerts out of office.
Per 02-11-2010 is Proxy Gertruda Pascal Petronella Fleischeuer-Nelissen
out of office.
Per 12-06-2010 is Proxy Etha van de Wiel-Bruggeman appointed.
Per 11-06-2010 is Proxy Andreas Jacobus Weel out of office.
Per 01-04-2010 is Proxy Jan Reinier Bernhard Peter Zonnenberg appointed.
Per 01-04-2010 is Proxy Chretien Mathijs Hendricus Marcel Marie De Rooij
out of office.
Per 01-04-2010 is Proxy Adriana Marie Louise L' abée out of office.
Per 01-09-2009 is Proxy Maria Petronella Beelen appointed.
Per 01-07-2009 is Proxy Herman Gerard Dikland appointed.
Per 01-07-2009 is Proxy Maurits Frederik Hendrik van Tol out of office.
Per 01-04-2009 is Proxy Stefanus Antonius Maria van Gils out of office.
Modifications
Per 30-8-2011 statutes modified.
Per 2-5-2011 is the responsibility of manager Gunther Matthias Weymans
changed..
Per 1-5-2011 is the responsibility of manager Jan Paul de Vries
changed..
Lanxess Elastomers B.V. (14032465)
Geleen
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
---- |
NB |
New Business |
---- |
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.