MIRA
INFORM REPORT
|
Report Date : |
30.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SOLVAY CHEMICALS INTERNATIONAL |
|
|
|
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Registered Office : |
Rue de Ransbeek 310, Bruxelles, 1120 |
|
|
|
|
Country : |
Belgium |
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|
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Financials (as on) : |
31.12.2012 |
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|
Year of Establishments: |
1969 |
|
|
|
|
Com. Reg. No.: |
406804736 |
|
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|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Wholesale trade in chemicals, including essential chemicals (soda ash, caustic soda, hydrogen peroxide, persalts, barium and strontium carbonate) and specialities (luorinated products, ultra-fine fillers, caprolactones, ultra-pure hydrogen peroxide, refined bicarbonate, ultra-pure barium and strontium carbonates) |
|
|
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|
No. of Employees : |
48 |
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 : |
Satisfactory |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BELGIUM - ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized
on its central geographic location, highly developed transport network, and
diversified industrial and commercial base. Industry is concentrated mainly in
the more heavily-populated region of Flanders in the north. With few natural
resources, Belgium imports substantial quantities of raw materials and exports
a large volume of manufactures, making its economy vulnerable to volatility in
world markets. Roughly three-quarters of Belgium's trade is with other EU
countries, and Belgium has benefited most from its proximity to Germany. In
2011 Belgian GDP grew by 1.8%, the unemployment rate decreased slightly to 7.2%
from 8.3% the previous year, and the government reduced the budget deficit from
a peak of 6% of GDP in 2009 to 4.2% in 2011 and 3.3% in 2012. Fourth quarter
GDP growth in 2012 was at -0.1%, the third consecutive quarter of negative
growth. This brought economic growth for the whole of 2012 to negative 0.2%. It
also left Belgium on the brink of a possible recession at the end of 2012.
However, at year's end, the government appeared close to meeting its 2012
budget deficit goal of 3% of GDP. Despite the relative improvement in Belgium's
budget deficit, public debt hovers around 100% of GDP, a factor that has
contributed to investor perceptions that the country is increasingly vulnerable
to spillover from the euro-zone crisis. Belgian banks were severely affected by
the international financial crisis in 2008 with three major banks receiving
capital injections from the government, and the nationalization of the Belgian
retail arm of a Franco-Belgian bank.
Source : CIA
Company name & address
Solvay Chemicals International
Rue de Ransbeek 310
Bruxelles, 1120
Belgium
Tel: 02 509 61 11
Fax: 02 509 66 17
Synthesis
Employees: 48
Company Type: Private Subsidiary
Corporate Family: 295
Companies
Ultimate Parent: Solvay
S.A.
Incorporation Date: 1969
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2012
Reporting Currency: Euro
Annual Sales: 2,733.0 1
Total Assets: 812.6
Business Description
Wholesale trade in chemicals, including essential chemicals (soda ash, caustic soda, hydrogen peroxide, persalts, barium and strontium carbonate) and specialities (luorinated products, ultra-fine fillers, caprolactones, ultra-pure hydrogen peroxide, refined bicarbonate, ultra-pure barium and strontium carbonates)
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 3323 - Industrial
and Agricultural Chemical Product Wholesaling
NACE 2002: 5155 - Wholesale
of chemical products
NAICS 2002: 424690 - Other
Chemical and Allied Products Merchant Wholesalers
UK SIC 2003: 5155 - Wholesale
of chemical products
UK SIC 2007: 4675 - Wholesale
of chemical products
US SIC 1987: 5169 - Chemicals
and Allied Products, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Haimo Zekoll |
Managing Director |
|
Bernard Delaguiche |
Finance Manager |
|
Pierre Bourgeois |
Manager Marketing |
|
Harold De Laveleye |
Administrator |
|
Michel Denayer |
Representative/Auditor |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566
Corporate Overview
Location
Rue de Ransbeek 310
Bruxelles, 1120
Belgium
Tel: 02 509 61 11
Fax: 02 509 66 17
Web www.solvay.com
Sales EUR(mil): 2,126.9
Assets EUR(mil): 614.8
Employees: 48
Fiscal Year End: 31-Dec-2012
Industry: Chemical
Manufacturing
Incorporation Date: 1969
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(VAT): 406804736
Chairman of the
Board of Directors:
Guillaume Bucco
Industry Codes
ANZSIC 2006 Codes:
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
5155 - Wholesale of chemical products
NAICS 2002 Codes:
424690 - Other Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
5155 - Wholesale of chemical products
UK SIC 2007:
4675 - Wholesale of chemical products
Business
Description
Financial intermediation not elsewhere classified
More Business
Descriptions
Wholesale trade in
chemicals, including essential chemicals (soda ash, caustic soda, hydrogen
peroxide, persalts, barium and strontium carbonate) and specialities
(luorinated products, ultra-fine fillers, caprolactones, ultra-pure hydrogen
peroxide, refined bicarbonate, ultra-pure barium and strontium carbonates)
Industrial
Chemical Mfr
Security brokers and dealers
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Corporate Family |
Corporate
Structure News: |
|
|
Solvay
S.A. |
|
Solvay Chemicals International |
|
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|
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Bruxelles |
Belgium |
Chemicals - Plastics and Rubber |
16,487.3 |
29,103 |
|
|
Subsidiary |
Taboao Da Serra, Sao Paulo |
Brazil |
Healthcare Facilities |
|
33,000 |
|
|
Subsidiary |
Dombasle-sur-Meurthe |
France |
Chemical Manufacturing |
|
5,000 |
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Chemical Manufacturing |
4.5 |
2,000 |
|
|
Subsidiary |
Bollate, MI |
Italy |
Chemical Manufacturing |
|
2,000 |
|
|
Subsidiary |
Mumbai |
India |
Chemical Manufacturing |
|
1,500 |
|
|
Subsidiary |
Croydon |
United Kingdom |
Chemical Manufacturing |
|
1 |
|
|
Subsidiary |
Bharuch, Gujarat |
India |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Weesp |
Netherlands |
Chemical Manufacturing |
|
1,500 |
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
450.8 |
1,499 |
|
|
Subsidiary |
Weesp |
Netherlands |
Biotechnology and Drugs |
|
1,000 |
|
|
Subsidiary |
Bollate, MI |
Italy |
Chemical Manufacturing |
510.4 |
978 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Chemical Manufacturing |
168.4 |
|
|
|
Subsidiary |
Liyang |
China |
Chemical Manufacturing |
94.5 |
700 |
|
|
Subsidiary |
Rosignano Marittimo |
Italy |
Chemical Manufacturing |
|
700 |
|
|
Subsidiary |
Brussels |
Belgium |
Chemical Manufacturing |
|
700 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Chemicals - Plastics and Rubber |
714.8 |
615 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Biotechnology and Drugs |
0.0 |
600 |
|
|
Subsidiary |
Brussels |
Belgium |
Biotechnology and Drugs |
|
600 |
|
|
Subsidiary |
Devnya |
Bulgaria |
Chemical Manufacturing |
|
532 |
|
|
Subsidiary |
Shanghai |
China |
Biotechnology and Drugs |
|
500 |
|
|
Branch |
Beijing, Beijing |
China |
Business Services |
|
|
|
|
Subsidiary |
Martorell, Barcelona |
Spain |
Chemical Manufacturing |
264.9 |
499 |
|
|
Subsidiary |
Osasco, SP |
Brazil |
Chemicals - Plastics and Rubber |
183.0 |
425 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Chemicals - Plastics and Rubber |
707.4 |
383 |
|
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Electric Utilities |
60.8 |
1 |
|
|
Subsidiary |
Dijon |
France |
Biotechnology and Drugs |
239.2 |
374 |
|
|
Subsidiary |
Sulzbach, Saarland |
Germany |
Biotechnology and Drugs |
|
2 |
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
188.8 |
374 |
|
|
Subsidiary |
Bahia Blanca |
Argentina |
Chemical Manufacturing |
|
370 |
|
|
Subsidiary |
Martorell, Barcelona |
Spain |
Chemicals - Plastics and Rubber |
333.1 |
326 |
|
|
Subsidiary |
Houston, TX |
United States |
Chemicals - Plastics and Rubber |
|
300 |
|
|
Subsidiary |
Baltimore, MD |
United States |
Containers and Packaging |
70.0 |
350 |
|
|
Branch |
Reno, NV |
United States |
Fabricated Plastic and Rubber |
2.3 |
10 |
|
|
Branch |
Doylestown, PA |
United States |
Miscellaneous Capital Goods |
12.4 |
5 |
|
|
Subsidiary |
Marietta, OH |
United States |
Schools |
320.1 |
236 |
|
|
Subsidiary |
Alpharetta, GA |
United States |
Chemicals - Plastics and Rubber |
|
200 |
|
|
Branch |
Augusta, GA |
United States |
Chemicals - Plastics and Rubber |
248.8 |
200 |
|
|
Branch |
Bay St Louis, MS |
United States |
Chemical Manufacturing |
9.2 |
5 |
|
|
Branch |
Greenville, SC |
United States |
Business Services |
|
4 |
|
|
Branch |
Alpharetta, GA |
United States |
Business Services |
|
4 |
|
|
Subsidiary |
Houston, TX |
United States |
Chemicals - Plastics and Rubber |
|
120 |
|
|
Subsidiary |
Wilmington, DE |
United States |
Chemical Manufacturing |
52.2 |
20 |
|
|
Subsidiary |
Torrance, CA |
United States |
Biotechnology and Drugs |
|
19 |
|
|
Subsidiary |
West Deptford, NJ |
United States |
Chemical Manufacturing |
171.0 |
12 |
|
|
Branch |
Newark, DE |
United States |
Chemicals - Plastics and Rubber |
522.3 |
200 |
|
|
Branch |
Commerce Twp, MI |
United States |
Chemicals - Plastics and Rubber |
285.8 |
200 |
|
|
Branch |
Orange, TX |
United States |
Chemicals - Plastics and Rubber |
470.9 |
66 |
|
|
Subsidiary |
Houston, TX |
United States |
Chemicals - Plastics and Rubber |
|
12 |
|
|
Branch |
Green River, WY |
United States |
Chemical Manufacturing |
1,051.7 |
426 |
|
|
Branch |
Longview, WA |
United States |
Chemical Manufacturing |
118.5 |
55 |
|
|
Branch |
La Porte, TX |
United States |
Chemical Manufacturing |
75.9 |
50 |
|
|
Branch |
Parachute, CO |
United States |
Retail (Specialty) |
5.2 |
23 |
|
|
Branch |
Rock Springs, WY |
United States |
Chemical Manufacturing |
9.9 |
4 |
|
|
Branch |
Wadsworth, OH |
United States |
Chemical Manufacturing |
2.4 |
1 |
|
|
Subsidiary |
Houston, TX |
United States |
Miscellaneous Capital Goods |
|
6 |
|
|
Branch |
East St Louis, IL |
United States |
Chemical Manufacturing |
26.6 |
30 |
|
|
3S Solvay Shared
Services-Sociedade de Servicos Partilhados Unipessoal Lda |
Subsidiary |
Carnaxide |
Portugal |
Business Services |
22.5 |
243 |
|
Subsidiary |
Bollate |
Italy |
Chemical Manufacturing |
409.1 |
223 |
|
|
Subsidiary |
Bollate, Milano |
Italy |
Biotechnology and Drugs |
4.4 |
17 |
|
|
Subsidiary |
Rosignano Marittimo, Livorno |
Italy |
Water Transportation |
1.4 |
6 |
|
|
Subsidiary |
Monfalcone |
Italy |
Fabricated Plastic and Rubber |
|
200 |
|
|
Subsidiary |
Oudenaarde |
Belgium |
Chemicals - Plastics and Rubber |
|
200 |
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Ivanovskoye |
Russian Federation |
Chemical Manufacturing |
|
195 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Chemicals - Plastics and Rubber |
859.1 |
192 |
|
|
Subsidiary |
Barcelona, Martorell |
Spain |
Chemicals - Plastics and Rubber |
|
400 |
|
|
Subsidiary |
Rheinberg, Nordrhein-Westfalen |
Germany |
Chemicals - Plastics and Rubber |
484.4 |
200 |
|
|
Subsidiary |
Hannover, Niedersachsen |
Germany |
Commercial Banks |
|
3 |
|
|
Subsidiary |
Tavaux |
France |
Chemicals - Plastics and Rubber |
|
100 |
|
|
Joint Venture |
Kstovo |
Russian Federation |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Beijing |
China |
Personal and Household Products |
35.6 |
150 |
|
|
Subsidiary |
Ciudad Juárez, Chihuahua |
Mexico |
Chemical Manufacturing |
|
150 |
|
|
Affiliates |
Istanbul |
Turkey |
Fabricated Plastic and Rubber |
|
150 |
|
|
Subsidiary |
Massa |
Italy |
Chemical Manufacturing |
|
145 |
|
|
Subsidiary |
Paris |
France |
Chemicals - Plastics and Rubber |
86.3 |
121 |
|
|
Subsidiary |
Quetigny |
France |
Chemical Manufacturing |
|
120 |
|
|
Subsidiary |
Massa, MS |
Italy |
Chemical Manufacturing |
64.1 |
118 |
|
|
Subsidiary |
Warrington |
United Kingdom |
Chemical Manufacturing |
49.6 |
116 |
|
|
UK Branch/Trading address |
Warrington |
United Kingdom |
Chemical Manufacturing |
49.6 |
375 |
|
|
Subsidiary |
Paris |
France |
Construction - Supplies and Fixtures |
44.2 |
112 |
|
|
Subsidiary |
Paris |
France |
Electric Utilities |
724.4 |
57 |
|
|
Subsidiary |
Paris |
France |
Public Sector and Government |
307.0 |
|
|
|
Subsidiary |
Seoul, Ulsan City |
Korea, Republic of |
Chemical Manufacturing |
|
110 |
|
|
Subsidiary |
Zurzach |
Switzerland |
Chemical Manufacturing |
|
106 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Auto and Truck Parts |
|
103 |
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Chemical Manufacturing |
32.9 |
100 |
|
|
Subsidiary |
Curitiba, PR |
Brazil |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Bussi sul Tirino, Pescara |
Italy |
Chemical Manufacturing |
39.1 |
93 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Chemical Manufacturing |
66.9 |
91 |
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
35.2 |
85 |
|
|
Subsidiary |
Lisbon |
Portugal |
Biotechnology and Drugs |
|
80 |
|
|
Subsidiary |
Parma |
Italy |
Chemical Manufacturing |
|
80 |
|
|
Subsidiary |
Paris |
France |
Non-Metallic Mining |
|
74 |
|
|
Subsidiary |
Voikkaa |
Finland |
Chemical Manufacturing |
|
70 |
|
|
Subsidiary |
Cd. Reynosa, Tamaulipas |
Mexico |
Chemical Manufacturing |
|
70 |
|
|
Subsidiary |
Barcelona |
Spain |
Chemicals - Plastics and Rubber |
55.2 |
64 |
|
|
Subsidiary |
Bergisch Gladbach |
Germany |
Biotechnology and Drugs |
12.1 |
64 |
|
|
Subsidiary |
Devnya |
Bulgaria |
Electric Utilities |
|
60 |
|
|
Subsidiary |
Voikkaa |
Finland |
Chemical Manufacturing |
46.6 |
54 |
|
|
Subsidiary |
Wien |
Austria |
Chemical Manufacturing |
15.1 |
54 |
|
|
Subsidiary |
Herten |
Netherlands |
Chemical Manufacturing |
91.3 |
53 |
|
|
Subsidiary |
Martorell, Barcelona |
Spain |
Chemical Manufacturing |
58.7 |
52 |
|
|
Subsidiary |
Póvoa de Santa Ira |
Portugal |
Chemical Manufacturing |
76.1 |
282 |
|
|
Subsidiary |
Póvoa De Santa Iria, Vila Franca De Xira |
Portugal |
Chemical Manufacturing |
10.7 |
19 |
|
|
Subsidiary |
Warrington |
United Kingdom |
Commercial Banks |
|
7 |
|
|
Subsidiary |
Warrington |
United Kingdom |
Business Services |
2.5 |
8 |
|
|
Subsidiary |
Barcelona |
Spain |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
Banksmeadow, NSW |
Australia |
Chemical Manufacturing |
25.9 |
50 |
|
|
Subsidiary |
Barcelona |
Spain |
Chemical Manufacturing |
|
50 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Chemical Manufacturing |
2,733.0 |
48 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Chemical Manufacturing |
2.4 |
14 |
|
|
Subsidiary |
Ferrara, FE |
Italy |
Construction - Supplies and Fixtures |
58.9 |
48 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Biotechnology and Drugs |
15.3 |
47 |
|
|
Subsidiary |
Chaillac |
France |
Non-Metallic Mining |
|
47 |
|
|
Subsidiary |
Northwich |
United Kingdom |
Chemical Manufacturing |
16.6 |
42 |
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
5.9 |
36 |
|
|
Subsidiary |
Paris La Défense |
France |
Chemicals - Plastics and Rubber |
8,580.5 |
34 |
|
|
Subsidiary |
Cranbury, NJ |
United States |
Chemical Manufacturing |
6,616.0 |
1,700 |
|
|
Branch |
North Charleston, SC |
United States |
Chemical Manufacturing |
162.3 |
245 |
|
|
Branch |
Houston, TX |
United States |
Chemical Manufacturing |
250.5 |
165 |
|
|
Branch |
Vernon, TX |
United States |
Chemical Manufacturing |
295.7 |
90 |
|
|
Branch |
Hammond, IN |
United States |
Chemical Manufacturing |
80.3 |
85 |
|
|
Branch |
Winder, GA |
United States |
Chemical Manufacturing |
5.8 |
60 |
|
|
Branch |
Baltimore, MD |
United States |
Chemical Manufacturing |
113.0 |
55 |
|
|
Branch |
Cincinnati, OH |
United States |
Chemical Manufacturing |
44.5 |
50 |
|
|
Branch |
Nashville, TN |
United States |
Chemical Manufacturing |
42.6 |
49 |
|
|
Branch |
Martinez, CA |
United States |
Chemical Manufacturing |
120.1 |
47 |
|
|
Branch |
Blue Island, IL |
United States |
Chemical Manufacturing |
22.6 |
47 |
|
|
Branch |
Marcus Hook, PA |
United States |
Chemical Manufacturing |
20.6 |
25 |
|
|
Branch |
Madison, WI |
United States |
Chemical Manufacturing |
43.1 |
22 |
|
|
Branch |
Portland, OR |
United States |
Chemical Manufacturing |
10.8 |
13 |
|
|
Branch |
Chicago Heights, IL |
United States |
Chemical Manufacturing |
15.5 |
5 |
|
|
Branch |
Bristol, PA |
United States |
Chemical Manufacturing |
11.4 |
5 |
|
|
Branch |
Raleigh, NC |
United States |
Chemical Manufacturing |
10.1 |
5 |
|
|
Branch |
Morrisville, PA |
United States |
Chemical Manufacturing |
4.6 |
2 |
|
|
Branch |
Bristol, PA |
United States |
Chemical Manufacturing |
4.6 |
2 |
|
|
Branch |
Sedalia, MO |
United States |
Chemical Manufacturing |
4.5 |
2 |
|
|
Branch |
Cheshire, CT |
United States |
Chemical Manufacturing |
9.3 |
1 |
|
|
Branch |
Mt Pleasant, TN |
United States |
Chemical Manufacturing |
0.9 |
1 |
|
|
Subsidiary |
Freiburg Im Breisgau, Baden-Württemberg |
Germany |
Miscellaneous Fabricated Products |
539.1 |
800 |
|
|
Subsidiary |
Serpukhov G. |
Russian Federation |
Chemicals - Plastics and Rubber |
128.4 |
200 |
|
|
Subsidiary |
Zhangjiagang, Jiangsu |
China |
Chemical Manufacturing |
324.1 |
800 |
|
|
Subsidiary |
Watford |
United Kingdom |
Chemical Manufacturing |
180.5 |
378 |
|
|
UK Branch/Trading address |
Warley |
United Kingdom |
Chemical Manufacturing |
180.5 |
175 |
|
|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Biotechnology and Drugs |
94.8 |
350 |
|
|
Branch |
Santo Andre, Sao Paulo |
Brazil |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Cranbury, NJ |
United States |
Investment Services |
|
300 |
|
|
Subsidiary |
La Rochelle, Cedex |
France |
Chemical Manufacturing |
|
270 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
540.2 |
257 |
|
|
Subsidiary |
Gorzow |
Poland |
Chemical Manufacturing |
|
250 |
|
|
Subsidiary |
Baotou, Inner Mongolia |
China |
Chemical Manufacturing |
|
240 |
|
|
Subsidiary |
University Park, IL |
United States |
Personal and Household Products |
20.0 |
200 |
|
|
Facility |
Watford |
United Kingdom |
Chemical Manufacturing |
|
32 |
|
|
Subsidiary |
Qingdao |
China |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Bollate, Milan |
Italy |
Chemical Manufacturing |
175.3 |
191 |
|
|
Subsidiary |
Mumbai |
India |
Chemical Manufacturing |
54.6 |
182 |
|
|
Subsidiary |
Singapore |
Singapore |
Personal and Household Products |
154.6 |
130 |
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
|
3 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Business Services |
3.1 |
119 |
|
|
Subsidiary |
Madrid |
Spain |
Chemicals - Plastics and Rubber |
116.0 |
103 |
|
|
Subsidiary |
Qingdao, Shandong |
China |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Incheon |
Korea, Republic of |
Chemical Manufacturing |
82.1 |
71 |
|
|
Subsidiary |
Freiburg Im Breisgau, Baden-Württemberg |
Germany |
Chemical Manufacturing |
91.3 |
50 |
|
|
Subsidiary |
Mexico |
Mexico |
Chemical Manufacturing |
|
25 |
|
|
Subsidiary |
Coatzacoalcos, Veracruz |
Mexico |
Business Services |
|
435 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Chemical Manufacturing |
|
15 |
|
|
Subsidiary |
Praha 10 |
Czech Republic |
Chemical Manufacturing |
4.1 |
14 |
|
|
Subsidiary |
St Fons |
France |
Commercial Banks |
|
14 |
|
|
Subsidiary |
Aubervilliers |
France |
Chemical Manufacturing |
3,454.9 |
3,625 |
|
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Chemicals - Plastics and Rubber |
1,362.7 |
2,800 |
|
|
Branch |
Santo Andre, Sao Paulo |
Brazil |
Chemical Manufacturing |
1,362.7 |
3,000 |
|
|
Subsidiary |
Pessac |
France |
Business Services |
3.8 |
11 |
|
|
Subsidiary |
Watford |
United Kingdom |
Commercial Banks |
|
8 |
|
|
Subsidiary |
Le Pont De Claix |
France |
Miscellaneous Financial Services |
8.1 |
7 |
|
|
Subsidiary |
Levin |
New Zealand |
Chemical Manufacturing |
1.6 |
7 |
|
|
Subsidiary |
Istanbul (Europe) |
Turkey |
Chemical Manufacturing |
7.8 |
6 |
|
|
Subsidiary |
Budapest |
Hungary |
Personal and Household Products |
0.9 |
6 |
|
|
Subsidiary |
Lima, Lima |
Peru |
Chemical Manufacturing |
|
6 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Chemical Manufacturing |
1.8 |
5 |
|
|
Subsidiary |
Santiago |
Chile |
Chemical Manufacturing |
|
5 |
|
|
Subsidiary |
Watford |
United Kingdom |
Chemical Manufacturing |
|
2 |
|
|
Subsidiary |
Watford |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Chemicals - Plastics and Rubber |
540.2 |
|
|
|
Subsidiary |
Shanghai |
China |
Chemicals - Plastics and Rubber |
23.6 |
|
|
|
Subsidiary |
Aubervilliers |
France |
Chemical Manufacturing |
11.7 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Commercial Banks |
|
450 |
|
|
Subsidiary |
Watford |
United Kingdom |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
's-Gravenhage, Zuid-Holland |
Netherlands |
Chemicals - Plastics and Rubber |
|
3 |
|
|
Subsidiary |
Watford |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Courbevoie |
France |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Zhangjiagang, Jiangsu |
China |
Chemical Manufacturing |
|
550 |
|
|
Subsidiary |
Aubervilliers |
France |
Miscellaneous Transportation |
2.2 |
13 |
|
|
Subsidiary |
Sao Paulo |
Brazil |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Brisbane, QLD |
Australia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Shanghai |
China |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Appliance and Tool |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Paulinia, Sao Paulo |
Brazil |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Mumbai |
India |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Mexico |
Mexico |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Puteaux |
France |
Public Sector and Government |
|
|
|
|
Rhodia Italia SpA |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
Paliano, Frosinone |
Italy |
Chemicals - Plastics and Rubber |
2.4 |
1 |
|
|
Societa Elettrochimica Solfuri e
Cloroderivati (ELESO) S.p.A. |
Subsidiary |
Milan |
Italy |
Chemical Manufacturing |
11.0 |
34 |
|
Subsidiary |
Yves-Gomezee |
Belgium |
Construction - Raw Materials |
9.1 |
30 |
|
|
Subsidiary |
Singapore |
Singapore |
Fabricated Plastic and Rubber |
|
30 |
|
|
Subsidiary |
Bollate, Milan |
Italy |
Business Services |
16.1 |
25 |
|
|
Subsidiary |
Hannover, Niedersachsen |
Germany |
Chemicals - Plastics and Rubber |
132.4 |
23 |
|
|
Subsidiary |
Escuzar, Granada |
Spain |
Chemical Manufacturing |
6.3 |
22 |
|
|
Subsidiary |
San Giuliano Milanese, MI |
Italy |
Scientific and Technical Instruments |
|
20 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Biotechnology and Drugs |
17.1 |
19 |
|
|
Subsidiary |
Roccabianca, Parma |
Italy |
Chemical Manufacturing |
|
19 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemicals - Plastics and Rubber |
|
13 |
|
|
Subsidiary |
Vienna |
Austria |
Chemical Manufacturing |
|
13 |
|
|
Subsidiary |
Singapore |
Singapore |
Biotechnology and Drugs |
|
11 |
|
|
Subsidiary |
Paris |
France |
Chemicals - Plastics and Rubber |
571.8 |
10 |
|
|
Subsidiary |
Ferrara, FE |
Italy |
Chemicals - Plastics and Rubber |
226.5 |
9 |
|
|
Subsidiary |
Ferrara, Ferrara |
Italy |
Fabricated Plastic and Rubber |
3.8 |
20 |
|
|
Subsidiary |
Singapore |
Singapore |
Personal and Household Products |
2.1 |
10 |
|
|
Subsidiary |
Concord, ON |
Canada |
Chemical Manufacturing |
|
8 |
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
106.9 |
7 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Insurance (Accident and Health) |
0.0 |
5 |
|
|
Subsidiary |
Warrington |
United Kingdom |
Miscellaneous Capital Goods |
|
5 |
|
|
Subsidiary |
Warszawa |
Poland |
Chemical Manufacturing |
1.4 |
4 |
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
129.3 |
3 |
|
|
Subsidiary |
Zagreb |
Croatia |
Business Services |
0.4 |
2 |
|
|
Subsidiary |
Hannover, Niedersachsen |
Germany |
Investment Services |
|
2 |
|
|
Subsidiary |
Hannover, Niedersachsen |
Germany |
Commercial Banks |
|
3 |
|
|
Subsidiary |
Dublin |
Ireland |
Investment Services |
17.2 |
1 |
|
|
Subsidiary |
Weesp |
Netherlands |
Biotechnology and Drugs |
38,851.3 |
|
|
|
Subsidiary |
Weesp |
Netherlands |
Biotechnology and Drugs |
291.4 |
|
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
567.5 |
|
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Chemical Manufacturing |
467.0 |
|
|
|
Branch |
Santo Andre, Sao Paulo |
Brazil |
Chemical Manufacturing |
651.5 |
380 |
|
|
Subsidiary |
Mumbai , |
India |
Chemical Manufacturing |
19.9 |
|
|
|
Subsidiary |
Barcelona |
Spain |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Villa de Garcia, Nuevo Leon |
Mexico |
Business Services |
|
|
|
|
Subsidiary |
Herten, Limburg |
Netherlands |
Investment Services |
|
|
|
|
Subsidiary |
Herten, Limburg |
Netherlands |
Business Services |
0.4 |
|
|
|
Affiliates |
Budapest |
Hungary |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Venice |
Italy |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Buenos Aires |
Argentina |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Paris |
France |
Investment Services |
|
|
|
|
Subsidiary |
Paris |
France |
Investment Services |
|
|
|
|
Subsidiary |
Vienna |
Austria |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Lisbon |
Portugal |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lisbon |
Portugal |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Luxembourg |
Luxembourg |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Louviers |
France |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Trento |
Italy |
Fabricated Plastic and Rubber |
|
|
|
|
Societa Gernerale per
l'Industria della Magnesia (SGIM) S.p.A. |
Subsidiary |
Varese |
Italy |
Chemical Manufacturing |
|
|
|
Subsidiary |
Litomerice, Most-Cepirohy |
Czech Republic |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
Buenos Aires, Puerto Madero |
Argentina |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
Weesp |
Netherlands |
Biotechnology and Drugs |
|
|
|
|
Affiliates |
Chengdu, Xipu |
China |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Varna |
Bulgaria |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Paris |
France |
Biotechnology and Drugs |
|
|
|
|
Affiliates |
Chengdu |
China |
Fabricated Plastic and Rubber |
|
|
|
|
Affiliates |
Chengdu |
China |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Rayong |
Thailand |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Mumbai |
India |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Villa de Garcia, Nuevo Leon |
Mexico |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Changshu, Jiangsu |
China |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Otjiwarongo |
Namibia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Rosignano Marittimo, Livorno |
Italy |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Milan |
Italy |
Investment Services |
|
|
|
|
Subsidiary |
Herten |
Netherlands |
Investment Services |
|
|
|
|
Subsidiary |
Thorofare, NJ |
United States |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Bruxelles, Bruxelles-Capitale |
Belgium |
Rental and Leasing |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Chemical Manufacturing |
51.0 |
|
|
|
Subsidiary |
Hannover |
Germany |
Investment Services |
|
|
|
|
Subsidiary |
Hannover |
Germany |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Paris |
France |
Electric Utilities |
|
|
|
|
Subsidiary |
Paris |
France |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Houston, TX |
United States |
Investment Services |
|
|
|
|
Subsidiary |
Villa de Garcia, Nuevo Leon |
Mexico |
Business Services |
|
|
|
|
Subsidiary |
Villa de Garcia, Nuevo Leon |
Mexico |
Investment Services |
|
|
|
|
Subsidiary |
Valmy |
France |
Chemical Manufacturing |
|
|
Executive report
|
Board of
Directors |
|
|
|
|
|||
|
Chairman of the Board of Directors |
Chairman |
|
|||
|
Chairman Of The Board, Director |
Chairman |
|
|||
|
Director |
Director/Board Member |
|
|
Executives |
|
|
|
|
|||
|
General Manager |
Division Head Executive |
|
|||
|
Managing Director |
Managing Director |
|
|||
|
Managing Director |
Managing Director |
|
|||
|
Managing Director |
Managing Director |
|
|||
|
Administrator |
Administration Executive |
|
|||
|
Administrator |
Administration Executive |
|
|||
|
||||||
|
Finance Manager |
Finance Executive |
|
|
||
|
Representative/Auditor |
Accounting Executive |
|
|
||
|
Manager Marketing |
Marketing Executive |
|
|
||
|
Decision-maker |
Other |
|
|
||
|
Decision-maker |
Other |
|
|
||
Annual
Profit & Loss
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period Average) |
0.778237 |
0.71919 |
0.755078 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Turnover |
2,733.0 |
2,919.3 |
2,426.7 |
|
Increase or
Decrease in Stocks of Finished Goods, and Orders in Progress |
-5.2 |
-0.3 |
-0.2 |
|
Other Operating
Income |
2.9 |
2.6 |
5.4 |
|
Operating Income |
2,730.8 |
2,921.7 |
2,431.9 |
|
Purchases |
2,485.8 |
2,668.0 |
2,229.8 |
|
Increase
or Decrease in Stocks |
-5.4 |
-4.7 |
-1.8 |
|
Raw Materials, Consumables,
and Goods for Release |
2,480.4 |
2,663.2 |
2,228.0 |
|
Services and
Sundry Goods |
194.4 |
213.8 |
187.6 |
|
Remuneration,
Social Security Charges, and Pensions |
8.6 |
7.6 |
7.7 |
|
Depreciation of and
Other Amounts Written Off of Formation Expense, Intangible and Tangible Fixed
Assets |
2.3 |
2.5 |
2.3 |
|
Increase or
Decrease in Amounts Written Off Stocks, Orders, and Trade Debtors |
0.4 |
0.1 |
0.4 |
|
Provisions for
Liabilities and Charges |
0.2 |
1.1 |
-0.2 |
|
Other Operating
Charges |
0.9 |
0.6 |
0.6 |
|
Operating
Charges |
2,687.1 |
2,889.0 |
2,426.5 |
|
Income From
Financial Fixed Assets |
1.1 |
8.3 |
3.5 |
|
Income From
Current Assets |
0.3 |
1.1 |
0.6 |
|
Other Financial Income |
10.5 |
25.5 |
12.1 |
|
Financial Income |
11.9 |
34.9 |
16.2 |
|
Interest and Other
Debt Charges |
0.5 |
0.2 |
0.2 |
|
Other Financial
Charges |
14.5 |
29.0 |
15.2 |
|
Financial
Charges |
15.0 |
29.2 |
15.3 |
|
Adjustments to Provisions
for Extraordinary Liabilities and Charges |
- |
0.5 |
- |
|
Extraordinary
Income |
- |
0.5 |
- |
|
Amounts Written
Off on Financial Fixed Assets |
12.9 |
- |
- |
|
Provisions for
Extraordinary Liabilities and Charges |
- |
- |
0.4 |
|
Other
Extraordinary Charges |
0.4 |
- |
- |
|
Extraordinary
Charges |
13.3 |
- |
0.4 |
|
Income Taxes |
0.0 |
0.0 |
0.0 |
|
Income Taxes |
0.0 |
0.0 |
0.0 |
|
To
the Legal Reserve |
1.4 |
1.9 |
0.3 |
|
Transfers to
Capital and Reserves |
1.4 |
1.9 |
0.3 |
|
Return
on Capital |
- |
37.0 |
5.8 |
|
Profit to be
Distributed |
- |
37.0 |
5.8 |
|
Employees |
48 |
46 |
52 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Intangible
Assets |
1.6 |
3.8 |
6.3 |
|
Assets
Under Construction and Advance Payments |
0.0 |
0.1 |
0.1 |
|
Tangible
Assets |
0.0 |
0.1 |
0.1 |
|
Participating
Interests |
137.8 |
148.3 |
153.2 |
|
Affiliated
Enterprises |
137.8 |
148.3 |
153.2 |
|
Capital
Assets |
137.8 |
148.3 |
153.2 |
|
Fixed Assets |
139.5 |
152.3 |
159.6 |
|
Other
Amounts Receivable |
0.0 |
- |
- |
|
Amounts
Receivable After More Than One Year |
0.0 |
- |
- |
|
Raw
Materials and Consumables |
0.0 |
0.0 |
0.0 |
|
Finished
Goods |
0.1 |
0.1 |
0.1 |
|
Goods
Purchased for Resale |
35.3 |
35.2 |
32.1 |
|
Stocks |
35.4 |
35.2 |
32.2 |
|
Inventory
and Orders in Progress |
35.4 |
35.2 |
32.2 |
|
Trade
Debtors |
415.7 |
444.6 |
430.4 |
|
Other
Amounts Receivable |
90.3 |
61.5 |
13.5 |
|
Amounts
Receivable Within One Year |
506.0 |
506.1 |
443.9 |
|
Other
Investments and Deposits |
131.3 |
114.4 |
163.7 |
|
Investments |
131.3 |
114.4 |
163.7 |
|
Adjustment
Accounts |
0.3 |
0.4 |
0.5 |
|
Current Assets |
673.1 |
656.2 |
640.3 |
|
Total Assets |
812.6 |
808.4 |
800.0 |
|
Issued
Capital |
277.6 |
272.7 |
281.8 |
|
Capital |
277.6 |
272.7 |
281.8 |
|
Paid-In
Capital |
48.7 |
47.9 |
49.5 |
|
Legal
Reserve |
17.6 |
15.9 |
14.6 |
|
Other |
0.0 |
0.0 |
0.0 |
|
Reserves
Not Available for Distribution |
0.0 |
0.0 |
0.0 |
|
Reserves |
17.6 |
15.9 |
14.6 |
|
Pensions
and Similar Obligations |
4.4 |
4.2 |
3.8 |
|
Other
Liabilities and Charges |
0.1 |
0.1 |
0.0 |
|
Provisions
for Liabilities and Charges |
4.5 |
4.3 |
3.8 |
|
Provisions
and Deferred Taxes |
4.5 |
4.3 |
3.8 |
|
Capital and
Reserves |
370.7 |
336.5 |
345.9 |
|
Other
Loans |
1.2 |
1.0 |
4.1 |
|
Financial
Debts |
1.2 |
1.0 |
4.1 |
|
Suppliers |
431.0 |
425.4 |
434.1 |
|
Trade
Debts |
431.0 |
425.4 |
434.1 |
|
Taxes |
3.3 |
4.9 |
4.3 |
|
Remuneration
and Social Security |
1.8 |
1.7 |
1.8 |
|
Taxes,
Wages, and Social Security |
5.2 |
6.7 |
6.1 |
|
Other
Amounts Payable |
0.1 |
34.6 |
6.0 |
|
Amounts
Payable Within One Year |
437.4 |
467.7 |
450.3 |
|
Adjustment
Accounts |
0.0 |
- |
- |
|
Creditors |
437.5 |
467.7 |
450.3 |
|
Total
Liabilities + Shareholders' Equity |
812.6 |
808.4 |
800.0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.