|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROHM AND HAAS |
|
|
|
|
Registered Office : |
Sorgenfrivej
15, Kgs. Lyngby 2800 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
23.10.2006 |
|
|
|
|
Com. Reg. No.: |
29973881 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Wholesale
of chemical products |
|
|
|
|
No of Employees : |
148 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
DENMARK - ECONOMIC OVERVIEW
This thoroughly modern market
economy features a high-tech agricultural sector, state-of-the-art industry with
world-leading firms in pharmaceuticals, maritime shipping and renewable energy,
and a high dependence on foreign trade. Denmark is a member of the European
Union (EU); Danish legislation and regulations conform to EU standards on
almost all issues. Danes enjoy a high standard of living and the Danish economy
is characterized by extensive government welfare measures and an equitable
distribution of income. Denmark is a net exporter of food and energy and enjoys
a comfortable balance of payments surplus, but depends on imports of raw
materials for the manufacturing sector. Within the EU, Denmark is among the
strongest supporters of trade liberalization. After a long consumption-driven
upswing, Denmark's economy began slowing in 2007 with the end of a housing
boom. Housing prices dropped markedly in 2008-09 and, following a short respite
in 2010, have since continued to decline. Household indebtedness is still
relatively high at more than 275% of gross disposable income in the first half
of 2013. The global financial crisis has exacerbated this cyclical slowdown
through increased borrowing costs and lower export demand, consumer confidence,
and investment. Denmark made a modest recovery in 2010, in part because of
increased government spending; however, the country experienced a technical
recession in late 2010-early 2011. Historically low levels of unemployment rose
sharply with the recession and have remained at about 6% in 2010-13, based on
the national measure, about two-thirds average EU unemployment. An impending
decline in the ratio of workers to retirees will be a major long-term issue.
Denmark maintained a healthy budget surplus for many years up to 2008, but the
budget balance swung into deficit in 2009, where it remains. In spite of the
deficits, the new coalition government delivered a modest stimulus to the
economy in 2012. Nonetheless, Denmark's fiscal position remains among the
strongest in the EU with public debt at about 46% of GDP in 2013. Despite
previously meeting the criteria to join the European Economic and Monetary
Union (EMU), so far Denmark has decided not to join, although the Danish krone remains pegged to the euro.
|
Source
: CIA |
|
Business Name |
ROHM AND HAAS
EUROPE TRADING APS |
|
Country |
DENMARK |
|
Company
Registration Number/CVR |
29973881 |
|
Main Code |
467500 |
|
Main Activity |
Wholesale
of chemical products |
|
Company Status |
Active |
|
Latest Revenue |
|
|
Latest
Shareholder Equity |
325.440.000 |
|
Basic Information |
|
|
Business Name |
ROHM AND HAAS
EUROPE TRADING APS |
|
Registered
Company Name |
ROHM
AND HAAS EUROPE TRADING APS |
|
Company
Registration Number |
29973881 |
|
Country |
DENMARK |
|
Date of Company
Registration |
2006-10-23 |
|
Legal Form |
Private
limited company |
|
Company Status |
Active |
|
Currency of this
Report |
DKK |
|
Principal
Activity Code |
467500 |
|
Principal
Activity Description |
Wholesale
of chemical products |
|
Contact Address |
Sorgenfrivej
15, Kgs.Lyngby2800 |
|
Contact Telephone
Number |
35444301 |
|
Activities |
|
|
Activity Code |
Activity
Description |
|
467500 |
Wholesale
of chemical products |
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
EUR |
EUR |
EUR |
|
Revenue |
9.210.434.000 |
9.634.532.000 |
9.882.020.000 |
|
Operating
Profit |
-90.202.000 |
102.520.000 |
18.940.000 |
|
Retained Profit |
-123.908.000 |
127.692.000 |
-307.984.000 |
|
|
|||
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
EUR |
EUR |
EUR |
|
Total Assets |
3.395.242.000 |
3.515.280.000 |
6.711.766.000 |
|
Other Reserves |
325.440.000 |
446.012.000 |
271.672.000 |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Sorgenfrivej
15, Kgs.Lyngby2800 |
DENMARK |
35444301 |
Email Addresses
Web
Pages
|
Currency |
DKK |
|
Nominal Share
Capital |
619.000 |
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Johanna
West |
General
manager |
|
|
Nicola
Jayne Ephgrave |
Chairman |
|
|
Thomas
Wagner Just |
Member
of the board |
|
|
Johanna
West |
Member
of the board |
|
|
Thomas
Just |
Finance |
|
|
Ultimate Holding
Parent |
|
|
Name |
Country |
|
Rohm
And Haas Denmark Holding Company ApS |
|
|
Subsidaries |
|
|
Name |
Country |
|
RH
Nordiska AB |
SWEDEN |
|
RH
Electronic Materials Schweiz GmbH |
SWITZERLAND |
|
RH
South Africa(PTY) Limited |
SOUTH
AFRICA |
|
RH
Switzerland Production Holding GmbH |
SWITZERLAND |
|
Employee
Information |
|
||
|
Year Reported |
Number of
Employees |
|
|
|
2013 |
148 |
|
|
|
2012 |
157 |
|
|
|
2011 |
160 |
|
|
|
|
|||
|
Real Estate |
|||
|
Real
Estate |
No |
||
Other
Trading Names
Type Name
No
other trading names for this company.
|
Other
Information |
|
|
Type |
Text |
|
Historical
data |
The
company merged on 22-09-2010 with Rohm and Haas Electronic Mat. Deutschland GmbH
, the registered company being the continuing one. |
|
Capital
conditions |
fully
paid up |
|
Comments |
The
bureau has not been able to make contact with the company either by telephone
or in writing. It has therefore not been possible to verify the information
given above |
|
Additional
Accounts Information |
|
|
Date Format |
MM-DD |
|
Accounts Start
Date |
01-01 |
|
Accounts End Date |
12-31 |
|
Additional
Accounts Notes |
|
|
Notes Date |
Notes Detail |
|
2013-01-01T00:00:00 |
In the
financial statement of 2013 attention is drawn to leasing commitments. |
|
Other
Information |
|
|
Type |
Text |
|
Historical
data |
The company
merged on 22-09-2010 with Rohm and Haas Electronic Mat. Deutschland GmbH ,
the registered company being the continuing one. |
|
Capital
conditions |
fully
paid up |
|
Comments |
The
bureau has not been able to make contact with the company either by telephone
or in writing. It has therefore not been possible to verify the information
given above |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.