|
Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
BASF COATINGS
GMBH |
|
|
|
|
Registered Office : |
Glasuritstr. 1, D 48165 Münster, Post
Box: 61 23, D 58136 Münster |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
1967 |
|
|
|
|
Com. Reg. No.: |
HRB 5144 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of Other Chemical Products n.e.c. |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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) |
|
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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
Source
: CIA
BASF Coatings GmbH
Company Status: active
Glasuritstr.
1
D 48165 Münster
Post Box:
61 23, D 58136 Münster
Telephone:02501/140
Telefax: 02501/143373
Homepage: www.basf-coatings.com
E-mail: global.info@basf.com
LEGAL FORM Private
limited company
Date
of foundation: 1967
Begin of business
activities: 1998
Registered on: 18.03.1998
Commercial Register: Local court 48149 Münster
under: HRB
5144
EUR
121,690,000.00
BASF Handels- und
Exportgesellschaft mit
beschränkter Haftung
Carl-Bosch-Str. 38
D 67063 Ludwigshafen
Legal form: Private
limited company
Share capital: EUR 1,560,000.00
Share: EUR 109,521,000.00
Registered on: 11.05.1954
Reg. data: 67061
Ludwigshafen, HRB 3535
Shareholder:
BASF SE
Carl-Bosch-Str. 38
D 67063 Ludwigshafen
Legal form: European
Company (SE)
Share capital: EUR
1,175,652,728.32
Share: EUR 12,169,000.00
Registered on: 14.01.2008
Reg. data: 67061
Ludwigshafen, HRB 6000
Manager:
Eva-Maria Wilhelma Müller
D 48165 Münster
born: 02.12.1959
Manager:
Dr. Markus Kamieth
D 48165 Münster
born: 25.11.1970
Proxy:
Dr. Peter Bachhausen
D 48301 Nottuln
authorized to jointly
represent the company
born: 19.11.1953
Profession: Businessman
Proxy:
Wilhelm Sändker
Wiesenweg 13
D 48317 Drensteinfurt
authorized to jointly
represent the company
born: 19.04.1955
Property regime:
Statutory matrimonial
property regime
Marital status: married
Proxy:
Thomas Zöller
D 48155 Münster
authorized to jointly
represent the company
born:
25.03.1954
Proxy:
Ludger Israel
D 48155 Münster
authorized to jointly represent the company
born:
02.04.1958
Proxy:
Hans-Peter Klein
D 48155 Münster
authorized to jointly represent the company
born: 15.06.1956
Proxy:
Udo Vorbeck
D 48155 Münster
authorized to jointly
represent the company
born:
21.10.1954
Proxy:
Dr. Klaus-Dieter Plitzko
D 48308 Senden
authorized to jointly
represent the company
born:
16.12.1958
Profession: Businessman
Proxy:
Doktor Wolfgang Kranig
D 48308 Senden
authorized to jointly
represent the company
born: 19.01.1961
Profession: Businessman
Proxy:
Dr. Bernhard Hüser
Erlengrund 394
D 48308 Senden
authorized to jointly
represent the company
born: 10.08.1957
Profession: Businessman
Proxy:
Dietmar Gratza
D 48308 Senden
authorized to jointly
represent the company
born: 28.10.1957
Proxy:
Gerhard Lindebaum
D 48599 Gronau
authorized to jointly
represent the company
born: 09.02.1953
Proxy:
Gudrun Wiemann
D 48291 Telgte
authorized to jointly
represent the company
born: 31.03.1953
née: Mackenbrock
Marital status: married
Proxy:
Dr. Siegfried Riediger
D 48317 Drensteinfurt
authorized to jointly represent the company
born: 29.10.1957
Proxy:
Dr. Walter Jouck
D 48143 Münster
authorized to jointly
represent the company
born: 03.04.1955
Profession: Businessman
Proxy:
Dr. Wolfgang Reckordt
D 48143 Münster
authorized to jointly
represent the company
born: 27.12.1959
Profession: Businessman
Proxy:
Uwe Bauschulte
D 49838 Lengerich
authorized to jointly
represent the company
born: 28.08.1956
Proxy:
Ralf Pander
Hegerskamp 165
D 48155 Münster
authorized to jointly
represent the company
born: 20.01.1958
Profession: Businessman
Marital status:
married
Proxy:
Jürgen Hinteresch
D 48291 Telgte
authorized to jointly
represent the company
born: 30.05.1962
Profession: Businessman
Proxy:
Harald Pflanzl
A - Winzendorf
authorized to jointly
represent the company
born: 18.04.1966
Nationality: Austrian
Proxy:
Dr. Harald Borgholte
D 48153 Münster
authorized to jointly
represent the company
born: 09.03.1964
Proxy:
Frank Bloser
D 48308 Senden
authorized to jointly
represent the company
born: 11.03.1966
Proxy:
Martin Jung
Dorffeld 125
D 48308 Senden
authorized to jointly represent the company
born: 03.02.1960
Proxy:
Klaus Cibura
D 48143 Münster
authorized to jointly
represent the company
born: 07.12.1956
Proxy:
Thomas Krüger
D 75239 Eisingen
authorized to jointly
represent the company
born:
13.03.1964
Proxy:
Dr. Martin Rißmann
D 48153 Münster
authorized to jointly represent the company
born: 12.04.1963
Proxy:
Thomas Fritzsche
Gittruper Str. 35
D 48157 Münster
authorized to jointly
represent the company
born: 14.06.1962
Proxy:
Johannes Henricus Jozef
Ravenstijn
D 68535
Edingen-Neckarhausen
authorized to jointly
represent the company
born:
19.02.1972
Proxy:
Dr. Renate Bork-Brücken
D 48143 Münster
authorized to jointly represent the company
born: 31.10.1957
Marital status: unknown
Proxy:
Rene
Lang
An der Bleiche 15
D 67169 Kallstadt
authorized to jointly
represent the company
born: 09.10.1967
Proxy:
Harald Müller
Hechtstr. 14
D 26125 Oldenburg
authorized to jointly
represent the company
born: 27.02.1951
Proxy:
Dr. Edwin Cramer
D 48165 Münster
authorized to jointly
represent the company
born:
13.01.1960
Proxy:
Antonius Lechler
D 48165 Münster
authorized to jointly represent the company
born: 30.11.1965
Proxy:
Dirk Steen
D 32130 Enger
authorized to jointly
represent the company
born: 16.09.1969
Proxy:
Thomas Hartmann
D 67133 Maxdorf
authorized to jointly
represent the company
born: 09.02.1959
Proxy:
Harald Wortberg
Bachstr. 16
D 48308 Senden
authorized to jointly
represent the company
born:
18.06.1969
Proxy:
Dr. Alexander Haunschild
Röschweg 18
D 48149 Münster
authorized to jointly
represent the company
born: 20.02.1966
Proxy:
Francisco Carlos Verza
BR Sao
Paulo
authorized to jointly
represent the company
born: 12.01.1962
Nationality: Brazilian
Proxy:
Dr. Ingo Raupach
D 48165 Münster
authorized to
jointly represent the company
born:
07.11.1961
Proxy:
Peter Proske
D 59320 Ennigerloh
authorized to jointly represent the company
born: 19.09.1959
Proxy:
Dr. Guiscard Glück
D 55116 Mainz
authorized to jointly
represent the company
born: 10.08.1967
Proxy:
Torsten Thuss
D 01945 Ruhland
authorized to jointly
represent the company
born:
06.11.1960
Proxy:
Dr. Jens-Dieter Fischer
D 48165 Münster
authorized to
jointly represent the company
born: 30.09.1956
Proxy:
Marc Christian Köppe
D 44147 Dortmund
authorized to jointly
represent the company
born: 10.06.1976
Proxy:
Dr. Martin Beck
D 48165 Münster
authorized to jointly
represent the company
born: 26.12.1968
Proxy:
Dr. Nils Lessmann
D 48165 Münster
authorized to jointly
represent the company
born: 21.09.1974
1967 - 1967 Dr.
Beck & Co. Aktiengesellschaft
Großmannstr.
105
D 20539 Hamburg
Public limited company
1998 - 1998 BASF
Projektentwicklungs-Aktiengesellschaft
Glasuritstr. 1
D 48165 Münster
Public limited company
1999 - 01.03.2010 BASF Coatings Aktiengesellschaft
Glasuritstr. 1
D 48165 Münster
Public
limited company
22.03.2010
- 21.03.2012 Manager
Raimar Jahn
D 48165 Münster
22.03.2010 - 15.06.2011 Manager
Heinz
Helmut Rödder
D 67169 Kallstadt
Sectors
20590
Manufacture of other chemical products n.e.c.
46750
Wholesale of chemical products
Branch:
BASF Coatings GmbH
Paradiesstr. 18
D 97080 Würzburg
TEL.: 0931/9084-0
FAX.: 0931/9084-264
Branch:
BASF Coatings GmbH
Spohnstr. 7
D 88212 Ravensburg
Branch:
BASF Coatings GmbH
D 10999 Berlin
Shareholder:
BASF Coatings Services
GmbH
Dechenstr. 13
D 44147 Dortmund
Legal form: Private
limited company
Company Status: active
Share capital: EUR 52,000.00
Share: EUR 52,000.00
Reg. data: 05.05.1986
Local court 44135 Dortmund
HRB 7585
Shareholder:
BASF Akquisitions GmbH
Carl-Bosch-Str. 38
D 67063 Ludwigshafen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 52,000.00
Share: EUR 52,000.00
Reg. data: 23.09.2010
Local court 67061 Ludwigshafen
HRB
62233
Shareholder:
Gesellschaft zur Förderung
der Lackkunst mbH
Windthorststr. 26
D 48143 Münster
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 31.05.1994
Local court 48149 Münster
HRB 4227
Shareholder:
KARANTO Corrosion Protection
Technologies
GmbH
Henkelstr. 67
D 40589 Düsseldorf
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 22.10.2010
Local court 40227 Düsseldorf
HRB
64367
Shareholder:
Projektförderung
Initiative für
Beschäftigung in
Westfalen GmbH
Glasuritstr. 1
D 48165 Münster
Legal form: Private
limited company
Company Status: in
liquidation
since: 19.08.2011
Share capital: EUR 25,000.00
Share: EUR 6,250.00
Reg. data: 24.02.2002
Local court 48149 Münster
HRB 6239
Payment experience: within agreed terms
Negative
information:We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Glasuritstr.
1
D 48165 Münster
Size: 390,000.00 sq.m
Land register documents were not available.
DEUTSCHE BANK, MÜNSTER, WESTF
Sort. code: 40070080, BIC: DEUTDE3B400
COMMERZBANK VORMALS DRESDNER BANK, MÜNSTER,
WESTF
Sort. code: 40080040, BIC: DRESDEFF400
POSTBANK, DORTMUND
Sort. code: 44010046, BIC: PBNKDEFF440
Financial year: 01.01.
- 31.12.
Share capital: EUR 121,690,000.00
The number of employees is not known.
This company does not have to publish its
balance according to § 264 Abs. 3, HGB and is included in the annual financial
statement of BASF SE, Ludwigshafen (parent company).
Basic data of the group:
Sales 78.729.000.000 Euro
Staff 113.262
Receivables 10.138.000.000 Euro
Liabilities 38.594.000.000 Euro
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.78 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.