MIRA INFORM REPORT

 

 

Report Date :           

14.05.2012

 

IDENTIFICATION DETAILS

 

Name :

LANXESS ELASTOMERS B.V.

 

 

Registered Office :

Mijnweg 1, 6167AC Geleen

 

 

Country :

Netherlands

 

 

Date of Incorporation :

06.08.1990

 

 

Com. Reg. No.:

14032465

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of synthetic rubber in primary forms

 

 

No. of Employees :

14.648 (group 2010)

 

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 :

Good

 

 

Payment Behaviour :

Regular

 

 

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)

Netherlands

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

CONTACTINFORMATION    

 

Company name

Lanxess Elastomers B.V.

Tradename

Lanxess Elastomers B.V.

Address

Mijnweg 1

 

6167AC Geleen

 

Netherlands

Mail address

Postbus 601

 

6160AP Geleen

 

Netherlands

Telephone number

0467020690

Telefax number

0467020650

E-mail address

info@lanxess.nl

Website

www.lanxess.nl

VAT number / RSIN

005198203

 

 

CREDIT LIMIT    

 

Special remarks          The annual account is published by LANXESS AG.

Turnover group 2010:      EUR     7.308.000.000

Employees group 2010: 14.648

 

 

COMPANY INFORMATION

 

Handelsregisternummer              14032465

Registered in                                         Chamber of commerce Limburg

First registration                                     06-08-1990

Act of foundation                                    07-05-1980

Date of constitution                                07-05-1980

Last change in statutes                          30-08-2011

Legal form                                             Besloten Vennootschap (Limited Company)        

Place of constitution                               Heerlen

Capital                                                  EUR 152.016.372,39     

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)

SBI-code

Manufacture of synthetic rubber in primary forms (2017)

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.

 

 

 

 

COMPANY STRUCTURE

 

Shareholder

DSM Netherlands B.V.

 

Het Overloon 1

 

6411IN HEERLEN

 

Netherlands

 

KvK: 14080844

 

Percentage: 100.00%

Shareholder

Name: Lanxess Buna GmbH

 

Address: Paul Baumann Strasse 1, 45772 Marl, Bondsrepubliek Germany

 

Registered in: Chamber of commerce in Gelsenkirchen, Bondsrepubliek

 

Germany with registration number 5912.

 

Only shareholder since: 02-05-2011

Liability declaration

Koninklijke DSM N.V. (14022069)

 

Het Overloon 1

 

6411IN Heerlen

 

Bank                                         ABN Amro Bank NV

 

 

MANAGEMENT

 

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 Gunter

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

 

C.P.J.H. Borgmans

Christianus Petrus Josephus He

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2008

Date of birth: 09-12-1966

 

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

 

L.L.H. van der Loo

Leonardus Lambertus Henricus

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-02-2007

Date of birth: 26-05-1964

 

H.G. Dikland

Herman Gerard

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2009

Date of birth: 03-04-1965

I.P.M.M. Fredrix

Ingrid Peter Maria Margaretha

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-11-2008

Date of birth: 17-01-1986

 

H.W.J. Habets

Hubertus Wilhelmus Johanna

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-10-1994

Date of birth: 01-04-1959

 

M.G.J.A. Helgers-Hurenkamp Margaretha Gerarda Johanna Alb

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-09-2001

Date of birth: 19-05-1957

 

M. Lim Maudrene

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-05-2011

Date of birth: 18-09-1977

 

J. Lu Jie

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-05-2011

Date of birth: 10-01-1979

 

G.L.J. Luyten-Beckers

Godelieve Lambertine Josephine

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2006

Date of birth: 08-04-1959

 

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

 

W. Pan Wen

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-05-2011

Date of birth: 04-08-1984

 

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

 

R.F.G. Rijlaarsdam

Robert Franciscus Gabriel

Authorization: Limited authorization

Position: Proxy

Date appointed: 31-10-2001

Date of birth: 30-12-1957

 

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

J.H.P.J. Slangen

Joseph Hubert Peter Jan

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-04-2003

Date of birth: 24-01-1963

 

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.E. Vijgeboom-Vroomen Monique Josephine Elisabeth

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-07-2004

Date of birth: 21-03-1965

 

J. Wei Jue

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-05-2011

Date of birth: 09-09-1982

 

M.J.M. Wilms

Mathias Johannes Maria

Authorization: Limited authorization

Position: Proxy

Date appointed: 15-03-2004

Date of birth: 02-10-1954

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

Payments                                 Based on multiple payment experiences up to € 25.000

 

Quarter: 2 2011: 70 Average days

Quarter: 3 2011: 86 Average days

Quarter: 4 2011: 98 Average days

Quarter: 1 2012: 67 Average days

 

invoices

current quarter

2011 Q4

2011 Q3

2011 Q2

Total

77

100%

66.102

78.658

77.242

79.756

Within terms

28

60,7%

40.144

14.720

26.094

26.094

Delayed 0 - 30

19

2,9%

1.915

32.552

25.850

40.211

Delayed 31 - 60

20

36,4%

24.043

19.614

12.655

8.226

Delayed 61 - 90

6

0,0%

 

10.450

11.321

5.225

Delayed 91 - 120

2

0,0%

 

529

529

 

Delayed 120+ days

2

0,0%

 

793

793

 

 

FINANCIAL INFORMATION

 

Annual accounts

The company is obligated to publish its annual accounts

Tendency

Not to be judged because of the absence of sufficient financial information

Profitability

Positive

Solvency

Positive

Liquidity

Sufficient

Currency

Euro

 

 

History

 

Liability statements                    Since 05-05-2011 filed a withdrawal of declaration of liability.

Since 18-11-2011 filed a declaration of liability.

Since 18-11-2011 filed a declaration of liability.

Since 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                             Since 01-05-2011 is Proxy Wen Pan appointed.

Since 01-05-2011 is Proxy Jie Lu appointed.

Since 01-05-2011 is Proxy Jue Wei appointed.

Since 01-05-2011 is Proxy Maudrene Lim appointed.

Since 01-05-2011 is Proxy Wlfried Egon Braubach appointed.

Since 01-05-2011 is Proxy Ulrich Gunter Bechtel appointed.

Since 01-05-2011 is Proxy Thomas Mulder appointed.

Since 01-05-2011 is Proxy Etha van de Wel-Bruggeman out of office.

Since 01-05-2011 is Proxy Jan Reinier Bernhard Peter Zonnenberg out of office.

Since 01-05-2011 is Proxy Christian Antoine Marie Jean-Pierre Widdershoven out of office.

Since 01-05-2011 is Proxy Martin Kleimeier out of office.

Since 01-05-2011 is Proxy Sebastiaan Willem Peter van Gemert out of office.

Since 01-05-2011 is Proxy Berend Kist out of office.

Since 02-05-2011 is Proxy Mattijs Schuurman appointed.

Since 02-05-2011 is Proxy Mattijs Schuurman appointed.

Since 01-05-2011 manager Jan Paul de Vries out of office.

Since 02-05-2011 manager Gunther Matthias Weymans appointed.

Since 02-05-2011 is Proxy Ming Cheng Chien appointed.

Since 15-03-2011 is Proxy Willem Bart van den Bos out of office.

Since 01-12-2010 is Proxy Wendy Maria Johanna Helena Ritterbex out of office.

Since 01-12-2010 is Proxy Erik Christianus Antonius Aerts out of office.

Since 02-11-2010 is Proxy Gertruda Pascal Petronella Fleischeuer-Nelissen out

of office.

Since 12-06-2010 is Proxy Etha van de Wel-Bruggeman appointed.

Since 11-06-2010 is Proxy Andreas Jacobus Weel out of office.

Since 01-04-2010 is Proxy Jan Reinier Bernhard Peter Zonnenberg appointed.

Since 01-04-2010 is Proxy Chretien Mathijs Hendricus Marcel Marie De Rooij out

of office.

Since 01-04-2010 is Proxy Adriana Marie Louise L' abee out of office.

Since 01-09-2009 is Proxy Maria Petronella Beelen appointed.

Since 01-07-2009 is Proxy Herman Gerard Dikland appointed.

Since 01-07-2009 is Proxy Maurits Frederik Hendrik van Tol out of office.

Since 01-04-2009 is Proxy Stefanus Antonius Maria van Gils out of office.

 

Modifications                             Since 30-8-2011 statutes modified.

Since 2-5-2011 is the responsibility of manager Gunther Matthias Weymans changed..

Since 1-5-2011 is the responsibility of manager Jan Paul de Vries changed..

 

 

Company structure

 

Lanxess Elastomers B.V. (14032465)

Geleen

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.29

 

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.