MIRA INFORM REPORT

 

 

Report Date :

09.03.2013

 

IDENTIFICATION DETAILS

 

Name :

LANXESS DEUTSCHLAND GMBH

 

 

Registered Office :

Kaiser-Wilhelm-Allee 40, Chempark, D 51373 Leverkusen

 

 

Country :

Germany

 

 

Date of Incorporation :

30.06.1998

 

 

Com. Reg. No.:

HRB 52600

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer of other inorganic basic chemicals

 

 

No. of Employees :

16500

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


 

germany - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.

 

Source : CIA

 

 


Company name

 

LANXESS Deutschland GmbH

 

 

Company Address 

 

Kaiser-Wilhelm-Allee 40

Chempark

D 51373 Leverkusen

Telephone:        0214/3065052

Telefax:             0214/3040944

Homepage:        www.lanxess.de

E-mail:              lanxess-info@lanxess.com

 

Company Status:      active

 

 

VAT no            

 

DE814000384

 

 

CONCLUSION

 

The company is considered solvent for credits within its scope of business.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         30.06.1998

Shareholders'

agreement:                    30.06.1998

Registered on:               19.03.2004

Commercial Register:     Local court 50939 Köln

under:                                       HRB 52600

Share capital:                EUR         20,000,000.00

 


Shareholder

 

LANXESS Aktiengesellschaft

Kaiser-Wilhelm-Allee 40

Chemiepark Gebäude K 10

D 51373 Leverkusen

Legal form: Public limited company

Share capital:     EUR         83,202,670.00

Share:             EUR         20,000,000.00

Registered on: 03.09.2004

Reg. data: 50939 Köln, HRB 53652

Control and profit transfer agreement

 

 

Manager

 

Dr. Bernhard Alexander Düttmann

D 20253 Hamburg

having sole power of representation

born: 28.09.1959 in Düsseldorf

Marital status: unknown

 

Manager:

                     Dr. Axel Claus Heitmann

                     D 45468 Mülheim

                     having sole power of representation

                     born: 02.10.1959

Manager:

                     Dr. Werner Breuers

                     D 53111 Bonn

                     having sole power of representation

                     born: 09.12.1958

 

 

Proxy

 

Werner Möllney

D 78532 Tuttlingen

having sole power of representation

born: 23.12.1954

 

Proxy:

                     Jörg Hellwig

                     Philadelphiastr. 70

                     D 47799 Krefeld

                     having sole power of representation

                     born: 03.05.1965

                     Marital status: single

Proxy:

                     Birgit Winkler

                     D 40472 Ratingen

                     having sole power of representation

                     born: 06.06.1962

Proxy:

                     Dietmar Winkel

                     D 51379 Leverkusen

                     having sole power of representation

                     born: 31.10.1959

Proxy:

                     Axel Roland

                     D 42103 Wuppertal

                     having sole power of representation

                     born: 18.10.1956

                     Profession: Businessman

Proxy:

                     Dr. Stephanie Coßmann

                     D 40822 Mettmann

                     having sole power of representation

                     born: 02.10.1973

Proxy:

                     Christoph Lammertz

                     Hordorfer Weg 79

                     D 53332 Bornheim

                     having sole power of representation

                     born: 18.07.1962

Proxy:

                     Wilfried Braubach

                     Steinberg 7

                     D 42659 Solingen

                     having sole power of representation

                     born: 25.07.1961

Proxy:

                     Dr. Birgit Blankemeyer-Menge

                     D 41460 Neuss

                     having sole power of representation

                     born: 07.09.1961

Proxy:

                     Markus Eckert

                     D 50733 Köln

                     having sole power of representation

                     born: 28.04.1971

Proxy:

                     Dirk Peters

                     D 51067 Köln

                     having sole power of representation

                     born: 26.07.1964

Proxy:

                     Dr. Stefan Michel

                     D 51371 Leverkusen

                     having sole power of representation

                     born: 30.06.1961

Proxy:

                     Dr. Heiko Thielking

                     D 51427 Bergisch Gladbach

                     having sole power of representation

                     born: 26.06.1970

Proxy:

                     Dr. Torsten Hauschild

                     D 51427 Bergisch Gladbach

                     having sole power of representation

                     born: 11.07.1963

Proxy:

                     Ingo Broda

                     D 51570 Windeck

                     having sole power of representation

                     born: 23.02.1961

Proxy:

                     Dr. Matthias Rücker

                     D 40472 Ratingen

                     having sole power of representation

                     born: 07.05.1970

Proxy:

                     Wolfgang Fichtner

                     Bahnstr. 105a

                     D 40764 Langenfeld

                     having sole power of representation

                     born: 21.01.1968

                     Marital status: married

Proxy:

                     Dr. Günther Weymans

                     Warthstr. 35

                     D 51674 Wiehl

                     having sole power of representation

                     born: 25.09.1957

Proxy:

                     Dr. Torsten Derr

                     D 41539 Dormagen

                     having sole power of representation

                     born: 17.01.1970

Proxy:

                     Dr. Manfred Adolf Daun

                     Bertha-von-Suttner-Weg 21

                     D 47877 Willich

                     having sole power of representation

                     born: 19.09.1963

Proxy:

                     Dr. Paul Wagner

                     D 40210 Düsseldorf

                     having sole power of representation

                     born: 14.02.1951

Proxy:

                     Gerd Deimel

                     D 51373 Leverkusen

                     having sole power of representation

                     born: 07.06.1956

Proxy:

                     Dr. Alexander Klein

                     In der Taufe 6

                     D 51427 Bergisch Gladbach

                     having sole power of representation

                     born: 30.09.1967

Proxy:

                     Dr. Bernd Kaletta

                     Virneburgstr. 71

                     D 40764 Langenfeld

                     having sole power of representation

                     born: 01.03.1956

Proxy:

                     Marcel Beermann

                     D 40822 Mettmann

                     having sole power of representation

                     born: 18.09.1972

Proxy:

                     Dr. Gerald John

                     D 51373 Leverkusen

                     having sole power of representation

                     born: 09.05.1966

                     Marital status: unknown

Proxy:

                     Dr. Karl-Heinz Duchene

                     D 40764 Langenfeld

                     having sole power of representation

                     born: 25.05.1953

Proxy:

                     Jorge Nogueira

                     D 40210 Düsseldorf

                     having sole power of representation

                     born: 08.09.1950

Proxy:

                     Michael Pontzen

                     D 50667 Köln

                     having sole power of representation

                     born: 23.12.1969

Proxy:

                     Dieter Helmut Seufert

                     D 41460 Neuss

                     having sole power of representation

                     born: 24.05.1957

Proxy:

                     Michael Schäfer

                     Neusser Str. 41

                     D 50670 Köln

                     having sole power of representation

                     born: 25.12.1974

Proxy:

                     Dr. Judith Etzbach

                     D 50667 Köln

                     having sole power of representation

                     born: 29.11.1972

Proxy:

                     Oliver Weber

                     D 51519 Odenthal

                     having sole power of representation

                     born: 29.10.1966

Proxy:

                     Thomas Pfeiffer

                     D 47447 Moers

                     having sole power of representation

                     born: 05.04.1965

Proxy:

                     Dr. Uwe Boltersdorf

                     D 58285 Gevelsberg

                     having sole power of representation

                     born: 26.05.1973

Proxy:

                     Jean-Marc Vesselle

                     D 40210 Düsseldorf

                     having sole power of representation

                     born: 15.08.1964

Proxy:

                     Peter-Hanjo Homberg

                     D 41460 Neuss

                     having sole power of representation

                     born: 28.11.1972

Proxy:

                     Dr. Stephan Deblon

                     D 53797 Lohmar

                     having sole power of representation

                     born: 21.10.1970

Proxy:

                     Dr. Rolf Haselhorst

                     D 40210 Düsseldorf

                     having sole power of representation

                     born: 07.05.1967

Proxy:

                     Paul Krema

                     Freiligrathstr. 18

                     D 50935 Köln

                     having sole power of representation

                     born: 25.02.1966

Proxy:

                     Stefan Rittmann

                     D 45127 Essen

                     having sole power of representation

                     born: 23.02.1971


Proxy:

                     Dr. Alexander Wagner

                     D 50667 Köln

                     having sole power of representation

                     born: 30.06.1970

Proxy:

                     Petra Hilbert

                     Hildegardisstr. 8

                     D 50735 Köln

                     having sole power of representation

                     born: 03.05.1970

Proxy:

                     Susanna Steinle

                     D 41061 Mönchengladbach

                     having sole power of representation

                     born: 11.04.1963

Proxy:

                     Dr. Ralf-Ingo Schenkel

                     D 40764 Langenfeld

                     having sole power of representation

                     born: 28.09.1965

Proxy:

                     Dr. Holger Graf

                     D 42781 Haan

                     having sole power of representation

                     born: 11.09.1969

Proxy:

                     Jan Paul de Vries

                     NL  Valkenburg

                     having sole power of representation

                     born: 18.07.1958

                     Nationality: Dutch

Proxy:

                     Angelika Fleuter

                     D 51373 Leverkusen

                     having sole power of representation

                     born: 29.12.1954

Proxy:

                     Frederique van der Burg

                     D 40210 Düsseldorf

                     having sole power of representation

                     born: 30.03.1971

Proxy:

                     Dr. Oliver Kretschik

                     D 50667 Köln

                     having sole power of representation

                     born: 08.08.1967

Proxy:

                     Dr. Herman Dikland

                     D 50667 Köln

                     having sole power of representation

                     born: 03.04.1965

Proxy:

                     Claudia Kornak

                     D 51373 Leverkusen

                     having sole power of representation

                     born: 22.05.1963

 

Further functions/participations of Dr. Bernhard Alexander Düttmann (Manager)

 

Member of the Board of Directors:

                     LANXESS Aktiengesellschaft

                     Kaiser-Wilhelm-Allee 40

                     Chemiepark Gebäude K 10

                     D 51373 Leverkusen

                     Legal form: Public limited company

                     Share capital:     EUR         83,202,670.00

                     Registered

                     on:         03.09.2004

                     Reg. data:  50939 Köln, HRB 53652

 

Member of the Supervisory Board:

                     GfK SE

                     Nordwestring 101

                     D 90419 Nürnberg

                     Legal form: European Company (SE)

                     Share capital:     EUR        153,316,363.20

                     Registered

                     on:         02.02.2009

                     Reg. data:  90402 Nürnberg, HRB 25014

 

Further functions/participations of Dr. Axel Claus Heitmann (Manager)

 

Member of the Board of Directors:

                     LANXESS Aktiengesellschaft

                     Kaiser-Wilhelm-Allee 40

                     Chemiepark Gebäude K 10

                     D 51373 Leverkusen

                     Legal form: Public limited company

                     Share capital:     EUR         83,202,670.00

                     Registered

                     on:         03.09.2004

                     Reg. data:  50939 Köln, HRB 53652

 

Further functions/participations of Dr. Werner Breuers (Manager)

 

Member of the Board of Directors:

                     LANXESS Aktiengesellschaft

                     Kaiser-Wilhelm-Allee 40

                     Chemiepark Gebäude K 10

                     D 51373 Leverkusen

                     Legal form: Public limited company

                     Share capital:     EUR         83,202,670.00

                     Registered

                     on:         03.09.2004

                     Reg. data:  50939 Köln, HRB 53652

 

President of the Supervisory Board:

                     ALISECA GmbH

                     Kaiser-Wilhelm-Allee

                     D 51373 Leverkusen

                     Legal form: Private limited company

                     Share capital:     EUR             26,000.00

                     Registered

                     on:         25.02.2005

                     Reg. data:  50939 Köln, HRB 54812

 

Member of the Supervisory Board:

                     MESSER Group GmbH

                     Messer-Platz 1

                     D 65812 Bad Soden

                     Legal form: Private limited company

                     Share capital:     EUR        100,000,000.00

                     Registered

                     on:         17.08.2004

                     Reg. data:  60313 Frankfurt, HRB 73307

 

 

COMPANY HISTORY

 

30.06.1998 - 19.03.2004  DIONYSOS ZWEITE Vermögenverwaltungs GmbH

                         Marie-Curie-Str. 30

                         D 60439 Frankfurt

                         Private limited company

19.03.2004 - 21.04.2004  DIONYSOS ZWEITE Vermögenverwaltungs GmbH

                         D 51381 Leverkusen

                         Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

28.12.2004 - 04.04.2011  Manager

                         Matthias Zachert

                         D 40210 Düsseldorf

 

 


BUSINESS ACTIVITIES

 

Main industrial sector

20130   Manufacture of other inorganic basic chemicals

 

Secondary industrial sector

82999   Other business support service activities n. e. c.

 

 

BRANCHES AND FACTORIES

 

Branch:

                     LANXESS Deutschland GmbH

                     Alte Heerstr.

                     D 41540 Dormagen

                     TEL.: 02133/515500

Branch:

                     LANXESS Deutschland GmbH

                     Rheinuferstr. 5-9 Chemiepark

                     D 47829 Krefeld

                     TEL.: 02151/882110

                     FAX.: 02151/887111

 

 

PARTICIPATIONS

 

General partner:

                     Currenta GmbH & Co. OHG

                     Kaiser-Wilhelm-Allee 20

                     D 51373 Leverkusen

                     Legal form: General partnership with private

                                 limited company as partner

                     Company Status: active

                     Reg. data:  25.09.2002

                                 Local court 50939 Köln

                                 HRA 20833

Shareholder:

                     IAB Ionenaustauscher GmbH Bitterfeld

                     Salegaster Chaussee 1

                     D 06803 Greppin

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR         30,700,000.00

                     Share:             EUR         30,700,000.00

                     Reg. data:  19.12.1995

                                 Local court 39576 Stendal

                                 HRB 13617


Shareholder:

                     Rhein-Chemie Rheinau GmbH

                     Düsseldorfer Str. 23-27

                     D 68219 Mannheim

                     Post Box:

                     81 04 09

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR         20,452,000.00

                     Share:             EUR         20,452,000.00

                     Reg. data:  11.03.1969

                                 Local court 68159 Mannheim

                                 HRB 1125

Shareholder:

                     SALTIGO GmbH

                     Katzbergstr. 1

                     D 40764 Langenfeld

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR          1,600,000.00

                     Share:             EUR          1,600,000.00

                     Reg. data:  02.04.2007

                                 Local court 40227 Düsseldorf

                                 HRB 56025

Shareholder:

                     LANXESS Buna GmbH

                     Paul-Baumann-Str. 1

                     D 45772 Marl

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR          1,540,000.00

                     Share:             EUR          1,540,000.00

                     Reg. data:  30.01.1995

                                 Local court 45879 Gelsenkirchen

                                 HRB 5912

Shareholder:

                     LANXESS Distribution GmbH

                     Katzbergstr. 1 c/o Business

                     Park Katzberg

                     D 40764 Langenfeld

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR            282,000.00

                     Share:             EUR            282,000.00

                     Reg. data:  01.04.2008

                                 Local court 40227 Düsseldorf

                                 HRB 58480

Shareholder:

                     ALISECA GmbH

                     Kaiser-Wilhelm-Allee

                     D 51373 Leverkusen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             26,000.00

                     Share:             EUR             26,000.00

                     Reg. data:  25.02.2005

                                 Local court 50939 Köln

                                 HRB 54812

Shareholder:

                     LANXESS Accounting GmbH

                     Kaiser-Wilhelm-Allee 12

                     Bayerwerk

                     D 51373 Leverkusen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  24.08.2004

                                 Local court 50939 Köln

                                 HRB 53580

Shareholder:

                     LANXESS Middle East GmbH

                     Kaiser-Wilhelm-Allee

                     D 51373 Leverkusen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  10.03.2005

                                 Local court 50939 Köln

                                 HRB 54907

Shareholder:

                     Perlon-Monofil GmbH

                     An der Römerziegelei

                     D 41539 Dormagen

                     Post Box:

                     10 01 42

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  17.03.2005

                                 Local court 41460 Neuss

                                 HRB 13325

Shareholder:

                     Vierte LXS GmbH

                     D 51379 Leverkusen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             25,000.00

                     Share:             EUR             25,000.00

                     Reg. data:  04.05.2007

                                 Local court 50939 Köln

                                 HRB 60299

Member:

                     SDIOC EWIV

                     Raffaelstr. 4

                     D 30177 Hannover

                     Legal form: European community of Economic

                                 interests

                     Company Status: active

                     Reg. data:  26.05.2010

                                 Local court 30175 Hannover

                                 HRA 201721

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Kaiser-Wilhelm-Allee 40 Chempark

                                    D 51373 Leverkusen

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, FRANKFURT (ODER)

Sort. code: 12070000, BIC: DEUTDEBB160

 

Further banks

DEUTSCHE BANK, LEVERKUSEN

Sort. code: 37570064, BIC: DEUTDEDK375

 

POSTBANK, KÖLN

Sort. code: 37010050, BIC: PBNKDEFF370

 

 


FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2011               EUR      8,775,000,000.00

Share capital:                          EUR         20,000,000.00

Equipment:                              EUR        304,274,000.00

Ac/ts receivable:                       EUR        469,863,000.00

Liabilities:                            EUR        383,709,000.00

Employees:                                                 16,500

 

Control and profit transfer agreement to:

LANXESS Aktiengesellschaft

Kaiser-Wilhelm-Allee 40

Chemiepark Gebäude K 10

D 51373 Leverkusen

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.40

UK Pound

1

Rs.81.57

Euro

1

Rs.71.24

 

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.