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Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
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Name : |
HUNTSMAN ADVANCED MATERIALS ( |
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Registered Office : |
Klybeckstrasse 141 4057 |
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Country : |
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Date of Incorporation : |
10.07.2003 |
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Com. Reg. No.: |
270.4.013.542-0 / 713445 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Chemicals, Plastics |
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No. of Employees : |
1'200 |
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 : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exists |
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) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Huntsman Advanced
Materials (Switzerland) GmbH
Operating
address:
Klybeckstrasse 141
4057 Basel
Switzerland/CH
Telephone: 061
2991111
Fax: 061
2991112
Web
site: http://www.huntsman.com/advanced_materials/
E-mail: info@huntsman.com
VAT-No.: CHE110141134
Established: 2000
Line
of Business: Chemicals, Plastics
Industry
Division: Manufacturing
Industry-code (NACE): 2052 Manufacture of glues
2229 Manufacture of other plastic products
Import/Export: Export
Quality
certification: ISO 9001:2000
ISO 14001
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 1'200
The business activities includes research,
development, production and distribution of products, which includes polymers
or similar substances. Areas: coatings, adhesives, tooling resins, insulation
materials with thermo-fixing polymers.
Real
Estate: The company owns
extensive property.
Company
No: 270.4.013.542-0 /
713445
Legal
form: Limited Liability
Company
Registration: 10.07.2003
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Stadt
History: Date of Statutes:
06.04.2010
Date of
Statutes: 16.01.2004
Date of
Statutes: 01.07.2003
Date of
Incorporation Statutes: 01.07.2003
Entry Deleted Name
26.01.2004 Huntsman
Advanced Materials (Switzerland) GmbH
10.07.2003 26.01.2004 Vantico GmbH
Entry Deleted Legal domicile
10.07.2003 Basel,
Switzerland
Entry Deleted Address
10.07.2003 Klybeckstrasse
200, 4057 Basel/BS, Switzerland/CH
Entry Deleted Capital
10.07.2003 LLC
Capital CHF 1'500'000
Entry Deleted Capital Structure
13.03.2006 1
Participation shares of CHF 1'500'000.--
Entry Deleted Activity (original Language)
13.04.2010 Die
Gesellschaft bezweckt die Forschung, die Entwicklung, die Produktion, das
Marketing und den Verkauf von Chemikalien aller Art und von verwandten
Produkten, insbesondere von Textilfarbstoffen, Textilchemikalien und verwandten
End- und Zwischenprodukten sowie von kurzkettigen Polymerwerkstoffen und
verwandten End- und Zwischenprodukten für alle Arten von Anwendungen. Die
Gesellschaft kann Zweigniederlassungen und Tochtergesellschaften im In- und
Ausland errichten und sich an anderen Unternehmen im In- und Ausland
beteiligen. Die Gesellschaft kann Grundstücke erwerben, halten und veräussern
sowie sämtliche Tätigkeiten zur Finanzierung von verbundenen Gesellschaften in
der Schweiz und im Ausland vornehmen. Die Gesellschaft kann alle kommerziellen,
finanziellen und anderen Tätigkeiten ausüben, welche mit dem Zweck der
Gesellschaft in Zusammenhang stehen. Die Gesellschaft kann
Finanzierungsgeschäfte tätigen und kann auch für Verpflichtungen ihrer
Gesellschafter und von verbundenen Gesellschaften Sicherheiten insbesondere in
Form von Garantien, Pfändern, Globalzessionen, Sicherungsübereignungen oder
Sicherungsabtretungen stellen.
10.07.2003 13.04.2010 Forschung, Entwicklung, Produktion, Marketing
und Verkauf von Produkten, welche Polymere oder ähnliche Stoffe enthalten. Die
Gesellschaft kann sich an anderen Unternehmen beteiligen, Grundstücke erwerben,
halten und veräussern sowie sämtliche Tätigkeiten zur Finanzierung von verbundenen
Gesellschaften vornehmen. Sie kann Finanzierungsgeschäfte tätigen und für
Verpflichtungen ihrer Gesellschafter und von verbundenen Gesellschaften
Sicherheiten, insbesondere in Form von Garantien, Pfändern, Globalzessionen,
Sicherungsübereignungen oder Sicherungsabtretungen stellen.
Entry Deleted Remarks (original Language)
10.07.2003 Publishing
authority: SHAB.
10.07.2003 Change
of Corporate Form: Die Generalversammlung der "Vantico AG" hat am
01.07.2003 beschlossen, die Aktiengesellschaft in eine Gesellschaft mit
beschränkter Haftung umzuwandeln. Die Gesellschaft übernimmt gemäss
Umwandlungsbilanz per 01.07.2003 Aktiven von CHF 431'661'619.83 und Passiven
(ohne Eigenkapital) von CHF 325'331'277.97 im Sinne von Art. 824 ff. OR.
Title Name
General
Manager Abraham
Arjen Vermeer, Origin: Netherlands, Address: Vurste, Belgium, single signature,
Registered since: 10.08.2009
General
Manager Patrick
Albert Peter Verraes, Origin: Belgium, Address: Overijse , Belgium, single signature,
Registered since: 18.05.2010
General
Manager Harald
Michael Wiedemann, Origin: Germany, Address: Weil am Rhein, Germany, single
signature, Registered since: 13.04.2010
General
Manager Christophe
Struyvelt, Origin: Belgium, Address: Pellenberg, Belgium, single signature,
Registered since: 07.07.2005
General
Manager Jörg von
Allmen, Origin: Lauterbrunnen, Switzerland, Address: Hölstein, Switzerland,
single signature, Registered since: 21.02.2012
General
Manager Steven
Michael Hanshaw, Origin: United States of America, Address: Therwil,
Switzerland, single signature, Registered since: 20.09.2011
Chairman
of the management Scott Jason
Wright, Origin: United Kingdom, Address: Reinach/BL, Switzerland, single
signature, Registered since: 20.09.2011
Title Name
Auditor Deloitte
AG, Address: Basel, Switzerland, Registered since: 10.07.2003
Title Name
Chief
Executive Officer Scott
Jason Wright
Name: Huntsman Corporation
City/Country: Salt Lake City, United States
of America/US
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Huntsman Advanced
Materials (Netherlands) B.V.
City/Country: Botlek Rotterdam,
Netherlands/NL
Capital
share: CHF 1'500'000.--
Interest: 100.00% voting right,
100.00% capital interest (since 13.03.2006)
It is believed that the company has no
investments.
Control date Year No. Amount CHF Status
11.11.2011 2011 1 90'108'314.-- Legal actions
11.11.2011 2011 3 14'675.-- Paid legal actions
11.11.2011 2010 1 1'153.-- Legal actions
11.11.2011 2010 4 14'756.-- Paid legal actions
11.11.2011 2009 1 6'194'001.-- Open legal actions
11.11.2011 2009 1 7'257.-- Paid legal actions
11.11.2011 2008 2 21'911.-- Opposition filed
11.11.2011 2007 1 105'102.-- Opposition filed
06.11.2009 2007 1 Paid legal
actions
06.11.2009 2006 1 Legal
actions
06.11.2009 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.
Debt collection case:
OCT 2010: CHF 1'805.00, paid.
OCT 2010: CHF 1'440.00, open.
AUG 2008: CHF 2'279.00, paid.
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 considered to be tendencially poor.
Payment
experiences: The financial obligations
are met very slowly.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
|
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.