MIRA INFORM REPORT

 

 

Report Date :

15.06.2012

 

IDENTIFICATION DETAILS

 

Name :

OXEA GMBH

 

 

Registered Office :

Otto-Roelen-Strasse 3, Oberhausen, 46147

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

30.07.2003

 

 

Com. Reg. No.:

13992

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Subject is engaged in supplying various oxo-products such as chemical basic elements, olefin derivative

 

 

No. of Employees :

1,057

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

Oxea GmbH

Otto-Roelen-Strasse 3

Oberhausen, 46147

Germany

 Tel:      492086932427

Fax:      +49 (0) 208 6933101

Web:    www.oxea-chemicals.com

           

 

Synthesis

 

Employees:                  1,057

Company Type:             Private Independent

Incorporation Date:         30-Jul-2003      

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                 518.8

 

 

Business Description     

 

OXEA is a chemical supplier company. It is a engaged in supplying various oxo-products such as chemical basic elements, olefin derivatives. OXEA offers a well-matched product portfolio along the entire value chain of oxo-chemicals. Th products offered by the company includes a variety of solvents, polyols, plastics, fiber intermediates, aromatics carboxylic acids, alkylamines, oxo-alcohols and plasticisers and olefin derivatives. The company serves its products to high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavorings and fragrances, printing inks and plastics industries., OXEA operates in the regions of Marl, Germany; Amsterdam, Netherland; Texas, the United States and Bishop, United States. OXEA is headquartered in Oberhausen, Germany.

 

Industry             

Industry            Chemical Manufacturing

ANZSIC 2006:    1812 - Basic Organic Chemical Manufacturing

NACE 2002:      2414 - Manufacture of other organic basic chemicals

NAICS 2002:     32519 - Other Basic Organic Chemical Manufacturing

UK SIC 2003:    2414 - Manufacture of other organic basic chemicals

US SIC 1987:    2869 - Industrial Organic Chemicals, Not Elsewhere Classified

 

           


Key Executives   

 

 

Name

Title

Miguel Mantas

Managing director

Martina Flöel

Executive

Francois Bourgon

Director

Reinhard Gradl

Director

Klaus-Dieter Frese

Chairman

 

 

News  

 

 

Title

Date

Oxea Appoints IMCD as Exclusive European Distributor for Alkyl Amines
Business Wire (437 Words)

18-Apr-2012

Sector pioneer: Oxea awarded ISO 50001 energy management certification
China Weekly News (392 Words)

28-Mar-2012

Oxea Announces Price Increase for Intermediates in the Americas
Business Wire (288 Words)

14-Feb-2012

Oxea Announces Price Increase for Polyols in North America
Business Wire (177 Words)

14-Feb-2012

Oxea Announces Price Increase for Carboxylic Acids
Business Wire (217 Words)

13-Feb-2012

 

- Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

- Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location

Otto-Roelen-Strasse 3

Oberhausen, 46147

Germany

Tel:       492086932427

Fax:      +49 (0) 208 6933101

Web:    www.oxea-chemicals.com


           

Sales EUR(mil):             NA

Assets EUR(mil):           386.7

Employees:                   1,057

Fiscal Year End:            31-Dec-2010

Industry:                        Chemical Manufacturing

Incorporation Date:         30-Jul-2003

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     13992

Managing director:         Miguel Mantas

 

Contents

Industry Codes

Business Description

Financial Data

Subsidiaries

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

1899     -          Other Basic Chemical Product Manufacturing Not Elsewhere Classified

1812     -          Basic Organic Chemical Manufacturing

3323     -          Industrial and Agricultural Chemical Product Wholesaling

 

NACE 2002 Codes:

2414     -          Manufacture of other organic basic chemicals

5155     -          Wholesale of chemical products

2466     -          Manufacture of other chemical products not elsewhere classified

 

NAICS 2002 Codes:

325998  -          All Other Miscellaneous Chemical Product and Preparation Manufacturing

4246     -          Chemical and Allied Products Merchant Wholesalers

32519   -          Other Basic Organic Chemical Manufacturing

 

US SIC 1987:

2899     -          Chemicals and Chemical Preparations, Not Elsewhere Classified

2869     -          Industrial Organic Chemicals, Not Elsewhere Classified

516       -          Chemicals and Allied Products

 

UK SIC 2003:

5155     -          Wholesale of chemical products

2414     -          Manufacture of other organic basic chemicals

2466     -          Manufacture of other chemical products not elsewhere classified

 

Business Description

Oxea GmbH is primarily engaged in manufacture of other organic basic chemicals: acyclic hydrocarbons, saturated and unsaturated; cyclic hydrocarbons, saturated and unsaturated; acyclic and cyclic alcohols, including synthetic ethyl alcohol; mono- and polycarboxyclic acids including acetic acid; other oxygen-function compounds including aldehydes, ketones, quinones and dual or poly oxygen-function compounds; nitrogen-function organic compounds including amines; other organic compounds including wood distillation products, etc.; manufacture of charcoal; production of pitch and pitch coke; manufacture of synthetic aromatic products; and distillation of coal tar.

 

More Business Descriptions

OXEA is a chemical supplier company. It is a engaged in supplying various oxo-products such as chemical basic elements, olefin derivatives. OXEA offers a well-matched product portfolio along the entire value chain of oxo-chemicals. Th products offered by the company includes a variety of solvents, polyols, plastics, fiber intermediates, aromatics carboxylic acids, alkylamines, oxo-alcohols and plasticisers and olefin derivatives. The company serves its products to high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavorings and fragrances, printing inks and plastics industries., OXEA operates in the regions of Marl, Germany; Amsterdam, Netherland; Texas, the United States and Bishop, United States. OXEA is headquartered in Oberhausen, Germany.

 

Chemicals - Diversified (Major)

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

386.7

Current Assets:

313.4

 

Total Liabilities:

386.7

 

Issued Capital:

1.0

 

Net Worth:

71.1

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Subsidiaries

Company

Percentage Owned

Country

OXEA Japan K.K.

 

Japan

Oxea International GmbH

 

Germany

 

 

 

Key Corporate Relationships

Bank:

Deutsche Bank

 

 

 

 

 

 

 

 

 

 

Competitors Report

 

Company Name

Location

Employees

Ownership

Celanese Corporation

Dallas, Texas, United States

7,600

Public

India Glycols Ltd.

Noida, India

1,300

Public

Innospec Ltd.

Ellesmere Port, United Kingdom

387

Private

Radici Group

Gandino, Italy

3,233

Private

Tosoh Corporation

Tokyo, Japan

11,312

Public

Executive report

 

Board of Directors

 

Name

Title

Function

 

Klaus-Dieter Frese

 

Chairman

Chairman

 

Reinhard Gradl

 

Director

Chairman

 

 

Executives

 

Name

Title

Function

 

Miguel Mantas

 

Managing director

Managing Director

 


Education:

University of Cologne, diploma (Business Administration)

 

Wilhelm Plumpe

 

Managing Director Energy Nukem

Managing Director

 

 

Neil Robertson

 

Managing Director Finance

Managing Director

 

 

Bernhard Spetsmann

 

Managing director

Managing Director

 

 

Francois Bourgon

 

Director

Other

 

 

Martina Flöel

 

Executive

Other

 

 

Robert Gengelbach

 

Director

Other

 

 

Hans Seidel

 

Director

Other

 

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.796979

Consolidated

No

No

No

 

 

 

 

Total income

-

-

812.6

Net sales

-

-

812.6

Other operating income

-

-

5.4

Cost of sales

-

-

743.7

Gross profit

-

-

68.8

Advertising, distribution, and commercial expenses

-

-

28.6

General expenses

-

-

5.4

Other operating costs

-

-

5.9

Net operating income

-

-

34.3

Other income

-

-

0.0

Interest payable on loans

-

-

1.6

Total expenses

-

-

1.5

Profit before tax

-

-

32.7

Provisions

75.3

16.9

23.3

Total taxation

-

-

10.8

Net profit

-

-

21.9

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2006

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.758351

Consolidated

No

No

No

 

 

 

 

Issued capital

1.3

1.4

1.3

Capital reserves

62.7

67.1

32.0

Other reserves

31.3

32.2

-

Total reserves

31.3

32.2

-

Profits for the year

-

-

20.8

Total stockholders equity

95.4

100.7

54.1

Deferred taxation

-

-

7.6

Other provisions

60.1

12.0

13.0

Provision for pensions

16.1

5.4

4.0

Provisions and allowances

76.3

17.4

24.5

Total long-term liabilities

-

138.6

-

Trade creditors

128.8

-

35.1

Advances received

-

-

0.0

Other loans

-

-

12.8

Taxation and social security

2.7

-

39.7

Due to group companies

215.7

-

-

Total current liabilities

347.2

-

87.6

Total liabilities (including net worth)

518.8

256.7

202.2

Patents

3.1

0.1

0.0

Intangibles

3.1

0.1

0.0

Land and buildings

15.6

2.8

0.2

Machinery and tools

60.3

28.9

30.3

Fixtures and equipment

15.6

2.8

0.2

Fixed assets under construction

7.9

5.1

5.4

Total tangible fixed assets

85.3

37.0

36.4

Long-term investments

0.1

0.1

-

Shares held in associated companies

5.7

-

-

Participating interest

0.1

0.1

0.2

Deposits

4.0

1.2

0.7

Total financial assets

9.9

1.5

0.9

Total non-current assets

98.3

38.6

37.4

Raw materials

25.1

12.3

9.3

Work in progress

64.1

18.5

-

Finished goods

-

-

18.1

Net stocks and work in progress

89.2

30.8

27.4

Trade debtors

201.5

102.2

122.5

Other receivables

15.8

7.1

4.6

Total receivables

240.4

158.5

127.1

Owing from associated companies

23.0

49.2

-

Cash and liquid assets

90.9

28.7

9.6

Total current assets

420.5

218.1

164.2

Prepaid expenses and deferred costs

0.0

0.0

0.7

Total assets

518.8

256.7

202.2

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.758351

Consolidated

No

No

No

 

 

 

 

Current ratio

12.11

-

18.75

Acid test ratio

9.54

-

15.62

Total liabilities to net worth

0.36%

0.14%

0.16%

Net worth to total assets

0.02%

0.04%

0.03%

Current liabilities to net worth

0.36%

-

0.16%

Current liabilities to stock

0.39%

-

0.32%

Fixed assets to net worth

0.10%

0.04%

0.07%

Collection period

-

-

522.00

Stock turnover rate

-

-

0.32

Profit margin

-

-

0.00%

Return on assets

-

-

0.01%

Shareholders' return

-

-

0.04%

Sales per employee

-

-

299.81

Profit per employee

-

-

8.09

Net worth

95.4

100.7

54.1

Number of employees

1,057

184

216

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.79

UK Pound

1

Rs.86.37

Euro

1

Rs.70.07

 

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%)

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.