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Report Date : |
09.07.2013 |
IDENTIFICATION DETAILS
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Name : |
LANXESS INTERNATIONAL SA |
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Registered Office : |
Chamblioux-Parc 12, P O Box 173, 1763
Granges-Paccot/FR |
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Country : |
Switzerland |
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Date of Incorporation : |
02.04.2004 |
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Com. Reg. No.: |
217.3.531.114-5 / 742657 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject manages its global polybutadiene rubber and styrene-butadiene rubber business through its location at Granges-Paccot. These high-performance rubbers are used in particular for tire production. |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Switzerland |
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 |
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 |
LANXESS International SA
Chamblioux-Parc 12
PO Box 173
1763 Granges-Paccot/FR
Switzerland/CH
Telephone: 026
4228300
Fax: 026
4228301
Web
site: http://www.lanxess.ch
E-mail: lanxess-info@lanxess.com
VAT-No.: CHE110605694
Established: 2004
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4675 Wholesale of chemical products
Import/Export: Export
Banks: unknown
Coverage: Company
Employees: 50
Sales: CHF 20-40 Mio
The company manages its global polybutadiene rubber and styrene-butadiene rubber business through its location at Granges-Paccot. These high-performance rubbers are used in particular for tire production.
Information on property ownership was not available.
Company
No: 217.3.531.114-5 /
742657
Legal
form: Company limited
by shares
Registration: 02.04.2004
Legal
status: active
Responsible
Register: Handelsregister des
Saane-Bezirkes (FR)
History: Date of Statutes:
03.10.2008
Date of
Statutes: 28.06.2007
Date of Statutes:
28.01.2005
Date of
Statutes: 27.07.2004
Date of
Incorporation Statutes: 30.03.2004
Entry Deleted Name
02.04.2004 LANXESS
International SA
02.04.2004 LANXESS
International AG (Name translated)
02.04.2004 LANXESS
International Ltd (Name translated)
Entry Deleted Legal domicile
09.07.2007 Granges-Paccot,
Switzerland
02.04.2004 09.07.2007 Fribourg, Switzerland
Entry Deleted Address
28.06.2012 Chamblioux-Parc
12, 1763 Granges-Paccot/FR, Switzerland/CH
09.07.2007 28.06.2012 Route Louis-Braille 12, 1763 Granges-Paccot,
Switzerland/CH
Entry Deleted Capital
27.07.2004 Share
Capital CHF 1,000,000, paidup CHF 1,000,000
Entry Deleted Capital Structure
27.07.2004 1,000
Registered shares of CHF 1,000,--
Entry Deleted Activity (original Language)
03.02.2005 Acheter,
fabriquer, assembler, distribuer et vendre, sur le plan international, pour son
propre compte ou pour le compte de tiers, toutes sortes de caoutchoucs
synthétiques et d'autres produits chimiques, essentiellement ceux fabriqués par
la société LANXESS AG, à Leverkusen, Allemagne, et ses filiales; acquérir,
détenir, utiliser, assigner et donner sous licences des brevets, des marques de
fabrique, des procédés industriels et tous autres biens de propriété
industrielle et intellectuelle, fournir de l'assistance technique industrielle
et rendre tous autres services. Participer à d'autres entreprises ou créer des
filiales et des succursales en Suisse ou à l'étranger et réaliser toutes
affaires se rapportant directement ou indirectement au but social. Accorder des
prêts ou autres financements à ses sociétés mères directes ou indirectes ainsi
qu'aux filiales directes et indirectes de ces dernières et peut fournir des
sûretés pour les engagements de ces sociétés, y compris au moyen, soit de
droits de gage sur ses actifs, soit de transfert à titre fiduciaire de ceux-ci,
ou au moyen de toutes autres garanties.
Entry Deleted Remarks (original Language)
27.07.2004 Demerger:
La société reprend une partie du patrimoine de Bayer International SA, à
Fribourg (CH-217-0130086-0), selon contrat de scission du 18.05.2004. La
société reprend ainsi des actifs de CHF 208'282'000.-- et des passifs envers
les tiers de CHF 191'661'000.--, contre attribution aux actionnaires de la
société transférante de 900 actions de CHF 1'000.--, nominatives, entièrement
libérées.
02.04.2004 Publishing
authority: FOSC.
02.04.2004 Contribution
in kind/Asset takeover: Restriction de transmissibilité des actions.
02.04.2004 Reports:
Communication aux actionnaires: lettre recommandée.
Title Name
President Werner
Breuers , Origin: Germany, Residential address: Bonn , Germany, joint signature
of two, Registered since: 09.07.2007
Director François
Le Roy, Origin: France, Residential address: Villars-sur-Glâne, Switzerland,
joint signature of two, Registered since: 15.04.2009
Director Peter
Oberle, Origin: Germany, Residential address: Cabrils , Spain, joint signature
of two, Registered since: 09.12.2008
Director Luc
Varigas , Origin: France, Residential address: Brasschaat , Belgium, joint
signature of two, Registered since: 17.05.2011
Title Name
Director Joachim
Grub , Origin: Germany, Residential address: Fribourg, Switzerland, joint
signature of two, Registered since: 15.04.2009
Member
with procuration José Amparo
, Origin: Portugal, Residential address: Rossens , France, joint power of
attorney of two, Registered since: 26.02.2008
Member
with procuration Richard John
Dobson , Origin: United Kingdom, Residential address: Stettlen, Switzerland,
joint power of attorney of two, Registered since: 14.06.2004
Member
with procuration Christoph
Hermann Josef Kalla , Origin: Germany, Residential address: Münchenbuchsee,
Switzerland, joint power of attorney of two, Registered since: 15.04.2009
Member
with procuration Hans-Juergen
Mick , Origin: Germany, Residential address: Muri bei Bern, Switzerland, joint
power of attorney of two, Registered since: 17.05.2011
Member
with procuration François
Louis Mooser , Origin: Jaun, Switzerland, Residential address: Bourguillon,
Switzerland, joint power of attorney of two, Registered since: 26.02.2008
Member
with procuration Philippe
François Joseph Prisse, Origin: Neuchâtel, Switzerland, Residential address:
Misery-Courtion, Switzerland, joint power of attorney of two, Registered since:
17.05.2011
Member
with procuration Yassir Bin
Sabir , Origin: India, Residential address: Neyruz , France, joint power of
attorney of two, Registered since: 11.07.2012
Member
with procuration Pierre Wicht
, Origin: Fribourg, Switzerland, Residential address: Fribourg, Switzerland,
joint power of attorney of two, Registered since: 19.12.2005
Title Name
Auditor PricewaterhouseCoopers
AG, Residential address: Bern, Switzerland, Id: CH-035-9019917-2, Registered
since: 22.09.2005
Name: LANXESS
Aktiengesellschaft
City/Country: Leverkusen/Nordrhein-Westfalen,
Germany/DE
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: LANXESS Deutschland
GmbH
City/Country: Leverkusen/Nordrhein-Westfalen,
Germany/DE
Interest: 100,00% voting right,
100,00% capital interest
It is believed that the company has no investments.
Control date Year No. Amount CHF Status
20.12.2011 2011 0
31.12.2010 2010 0
31.12.2009 2009 0
31.12.2008 2008 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.
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 good.
Payment
experiences: Payments are made with
arranged conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
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UK Pound |
1 |
Rs.90.89 |
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Euro |
1 |
Rs.78.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.