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Report Date : |
19.08.2013 |
IDENTIFICATION DETAILS
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Name : |
ASHLAND INDUSTRIES EUROPE GMBH |
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|
|
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Registered Office : |
Rheinweg 11, Schaffhausen, 8200 |
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Country : |
Switzerland |
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Date of Incorporation : |
06.04.2005 |
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Com. Reg. No.: |
CH29040150699 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Non-specialised wholesale trade |
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No. of Employees : |
15000 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 3.0% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safe-haven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 1.9% in 2011 and 0.8% in 2012. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and is considering the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
Source
: CIA
Ashland Industries Europe GmbH
Company Name Ashland
Industries Europe GmbH
Company Registration Number CH29040150699
Country CH
Number Activity Code 469000
Activity Description Non-specialised
wholesale trade
Company Status Active
Latest Turnover 12,524,000,300.00
(CHF)
Activities
Activity Code 469000
Activity Description Non-specialised
wholesale trade
Company Name Ashland
Industries Europe GmbH
Registered Company Name Ashland Industries Europe GmbH
Company Registration Number CH29040150699
Country CH
Date of Company Registration 06/04/2005
Date of Starting Operations 06/04/2005
Commercial Court Legal Form Limited liability company
Company Status Active
Principal Activity Code 469000
Principal Activity Description Non-specialised wholesale trade
Contact Address Rheinweg
11, Schaffhausen, 8200
Main Address
Address Rheinweg 11, Schaffhausen, 8200
Country CH
Name Paola
Raccuia Bolderman
Address Neuhausen
am Rheinfall, 8212
Position president
of management board
Name Frank
Jacob Adriaan Jumelet
Address Zierikzee
Position managing
director
Name Johan
Muylaert
Address Neuhausen
am Rheinfall, 8212
Position managing
director
Name Michael
Salvatore Roe
Address Covington
Position managing
director
Name Mario
Swinnen
Address Schaffhausen,
8200
Position managing
director
Name Christiaan
Tecuatl Bremer
Address Neuhausen
am Rheinfall, 8212
Position managing
director
Name Ashland
Switzerland Holdings GmbH
Address Rheinweg
11, Schaffhausen, 8200
Position associate
Share Capital Structure
Nominal Share Capital 2.00
(CHF)
Name Ashland
Switzerland Holdings GmbH
Address Schaffhausen 8200
Employee Information
Number of total Employees 15000
Product Information in this branch
- Synthetic-based, cellulose-based and guar-based water-soluble
polymers for drilling fluids, drill-in-
fluids, oil-well cement slurries, completion and workover fluids, and fracturing
fluids.
- Water- and organo-soluble polymers from natural and renewable
raw materials for thickening and rheology control, conditioning, deposition,
emulsification, film formation, and water binding and syneresis control.
- Cellulosic pharmaceutical-grade excipients in wide ranges of
viscosities, types and degrees of substitution, and varied particle sizes for
tablet binding, coatings, modified release and liquid and semi-solid rheology
control.
- Products that provide unique properties from rheology
modification and water retention to plasticization and lubrication for
adhesives and glues, agricultural products, ceramics, civil engineering,
electronics, fire-fighting fluids, foundry, industrial cleaners, inks and
printing, mining, paint removers, paper and paper coatings, suspension
polymerization, tobacco and welding rods.
- Functional
chemicals and municipal wastewater treatment and mining solutions.
SOGC: 127/2013 from 04.07.2013
Ashland Industries Europe GmbH in Neuhausen
Rhine Falls, CH-290.4.015.069-9, a limited liability company (SOGC No. 79 of
25.04.2013, p 0, Publ 7.16419 million).
Merger: Acquisition of the assets of CHF
373'855'474 .00 and .00 of the debt of CHF 161'448'842 the ISP (Switzerland)
GmbH (CH-170.3.000.085-0) in Neuhausen Rhine Falls, according to the agreement
of 01.07.2013 and balance Sheet as at 01.01.2013. Since the Übernehmerin owns
all ordinary shares in the acquired company, neither a capital nor an equity
share allocation takes place.
SOGC: 079/2013 from 25.04.2013
Ashland Industries Europe GmbH in Neuhausen
Rhine Falls, CH-290.4.015.069-9, a limited liability company (SOGC No. 75 of
19.04.2013, p 0, Publ 7157236).
People deleted or signatures revoked: Ashland
Rhone Holdings BV (56675089), in Barendrecht (NL), shareholder, with 2,000
ordinary shares of CHF 1'000 .00.
Peoples registration new or modified:
Ashland, Switzerland Holding GmbH (CH-290.4.017.607-0), the Rhine Falls in
Neuhausen, a partner, with 2,000 ordinary shares of CHF 1'000 .00.
SOGC: 075/2013 from 19.04.2013
Ashland Industries Europe GmbH in Neuhausen
Rhine Falls, CH-290.4.015.069-9, a limited liability company (SOGC No. 73,
17.04.2013, p 0, Publ 7151194).
People deleted or signatures revoked:
Ashland Holdings BV (2430580), in Barendrecht (NL), shareholder, with 2,000
ordinary shares of CHF 1'000 .00.
Peoples registration new or modified:
Ashland Rhone Holdings BV (56675089), in Barendrecht (NL), shareholder, with
2,000 ordinary shares of CHF 1'000 .00.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
|
|
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
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.