MIRA
INFORM REPORT
|
Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
LANXESS EMULSION RUBBER S.A.S |
|
|
|
|
Registered Office : |
Boite Postale n 7 La Wantzenau |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
15.11.2004 |
|
|
|
|
Com. Reg. No.: |
479372377 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Engaged in manufacture of other products of natural or synthetic rubber,
unvulcanised, vulcanised or hardened. |
|
|
|
|
No of Employees : |
320 |
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 : |
Slow But Correct |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
France |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
FRANCE - ECONOMIC OVERVIEW
The French economy is diversified
across all sectors. The government has partially or fully privatized many large
companies, including Air France, France Telecom, Renault, and Thales. However,
the government maintains a strong presence in some sectors, particularly power,
public transport, and defense industries. With at least 79 million foreign
tourists per year, France is the most visited country in the world and
maintains the third largest income in the world from tourism. France's leaders
remain committed to a capitalism in which they maintain social equity by means
of laws, tax policies, and social spending that reduce income disparity and the
impact of free markets on public health and welfare. France's real GDP contracted
2.6% in 2009, but recovered somewhat in 2010 and 2011, before stagnating in
2012. The unemployment rate increased from 7.4% in 2008 to 10.3% in 2012. Youth
unemployment shot up to 24.2% during the third quarter of 2012 in metropolitan
France. Lower-than-expected growth and high unemployment costs have strained
France's public finances. The budget deficit rose sharply from 3.4% of GDP in
2008 to 7.5% of GDP in 2009 before improving to 4.8% of GDP in 2012, while
France's public debt rose from 68% of GDP to 90% over the same period. Under
President SARKOZY, Paris implemented some austerity measures to bring the
budget deficit under the 3% euro-zone ceiling by 2013 and to highlight France's
commitment to fiscal discipline at a time of intense financial market scrutiny
of euro-zone debt. Socialist Party candidate Francois HOLLANDE won the May 2012
presidential election, after advocating pro-growth economic policies, the
separation of banks' traditional deposit taking and lending activities from
more speculative businesses, increasing the top corporate and personal tax
rates, and hiring an additional 60,000 teachers during his five-year term. The
government's attempt to introduce a 75% wealth tax on income over one million
euros for two years was struck down by the French Constitutional Council in
December 2012 because it applied to individuals rather than households. France
ratified the EU fiscal stability treaty in October 2012 and HOLLANDE's
government has maintained France's commitment to meeting the budget deficit
target of 3% of GDP during 2013 even amid signs that economic growth will be
lower than the government's forecast of 0.8%. Despite stagnant growth and
fiscal challenges, France's borrowing costs declined during the second half of
2012 to euro-era lows.
|
Source
: CIA |
COMPANY NAME & ADDRESS
LANXESS Emulsion
Rubber S.A.S
|
Boite Postale n 7 La Wantzenau, France Tel: +33 03 88 59 20 00 Fax: +33 03 88 59 20 59 |
Employees: 315 Company Type: Private Subsidiary Corporate Family: 71
Companies Ultimate Parent: Lanxess
AG Incorporation Date: 15-Nov-2004 |
Financials in: USD
(Mil) Fiscal Year End: 31-Dec-2012 Reporting Currency: Euro Annual Sales: 325.6 Total Assets: 184.0 |
Operating address
Rue Du Ried 67610 Wantzenau, France
Business Description
Lanxess Emulsion Rubber is primarily engaged in manufacture of other products of natural or synthetic rubber, unvulcanised, vulcanised or hardened.
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
ISIC Rev 4: |
2013 -
Manufacture of plastics and synthetic rubber in primary forms |
|
NACE Rev 2: |
|
|
NAICS 2012: |
|
|
UK SIC 2007: |
2017 - Manufacture of synthetic rubber in
primary forms |
|
US SIC 1987: |
Key Executives
|
Name |
Title |
|
Uwe Westeppe |
President |
|
Marcel Binder |
Director |
|
Sophie Kaiser |
Director |
|
Charles Leuthner |
Director |
|
Christian Strauch |
Commercial director, Marketing director |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7566
|
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ANZSIC 2006 Codes: |
||
|
1821 |
- |
Synthetic Resin and Synthetic Rubber
Manufacturing |
|
3323 |
- |
Industrial and Agricultural Chemical
Product Wholesaling |
|
ISIC Rev 4 Codes: |
||
|
2013 |
- |
Manufacture of plastics and synthetic rubber
in primary forms |
|
4669 |
- |
Wholesale of waste and scrap and other
products n.e.c. |
|
NACE Rev 2 Codes: |
||
|
2017 |
- |
Manufacture of synthetic rubber in primary
forms |
|
4675 |
- |
Wholesale of chemical products |
|
NAICS 2012 Codes: |
||
|
325212 |
- |
Synthetic Rubber Manufacturing |
|
424690 |
- |
Other Chemical and Allied Products
Merchant Wholesalers |
|
US SIC 1987: |
||
|
2822 |
- |
Synthetic Rubber (Vulcanizable Elastomers) |
|
5169 |
- |
Chemicals and Allied Products, Not
Elsewhere Classified |
|
UK SIC 2007: |
||
|
2017 |
- |
Manufacture of synthetic rubber in primary
forms |
|
4675 |
- |
Wholesale of chemical products |
Synthetic Rubber Mfr & Distr
More Business
Descriptions
Lanxess Emulsion Rubber is primarily engaged in manufacture of other products of natural or synthetic rubber, unvulcanised, vulcanised or hardened.
|
|
Corporate
Structure News
|
Corporate
Family |
|
|
|
|
|
LANXESS Emulsion Rubber S.A.S |
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Leverkusen |
Germany |
Synthetic Chemical Manufacturing |
11,685.4 |
17,502 |
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Basic Chemical Manufacturing |
|
7,655 |
|
|
Subsidiary |
Leverkusen, Nordrhein-Westfalen |
Germany |
Miscellaneous Chemical Manufacturing |
|
1,405 |
|
|
Subsidiary |
Leverkusen, Nordrhein-Westfalen |
Germany |
Road Transportation Services |
|
800 |
|
|
Subsidiary |
Lillebonne |
France |
Synthetic Chemical Manufacturing |
410.5 |
374 |
|
|
Subsidiary |
Marl, Nordrhein-Westfalen |
Germany |
Synthetic Chemical Manufacturing |
|
125 |
|
|
Subsidiary |
Dormagen, Nordrhein-Westfalen |
Germany |
Synthetic Chemical Manufacturing |
|
110 |
|
|
Subsidiary |
Greppin, Sachsen-Anhalt |
Germany |
Miscellaneous Chemical Manufacturing |
|
90 |
|
|
Subsidiary |
Newbury |
United Kingdom |
Basic Chemical Manufacturing |
25.0 |
60 |
|
|
UK Branch/Trading address |
Burton On Trent |
United Kingdom |
Basic Chemical Manufacturing |
25.0 |
|
|
|
Subsidiary |
Leverkusen, Nordrhein-Westfalen |
Germany |
Miscellaneous Personal Services |
|
52 |
|
|
Subsidiary |
Courbevoie |
France |
Chemical Wholesale |
10.0 |
34 |
|
|
Subsidiary |
La Wantzenau |
France |
Synthetic Chemical Manufacturing |
325.6 |
315 |
|
|
Subsidiary |
Newbury |
United Kingdom |
Basic Chemical Manufacturing |
|
|
|
|
Subsidiary |
Burton-On-Trent |
United Kingdom |
Basic Chemical Manufacturing |
25.0 |
25 |
|
|
Affiliates |
Leverkusen |
Germany |
Facilities Management |
|
5,500 |
|
|
Subsidiary |
Pittsburgh, PA |
United States |
Basic Chemical Manufacturing |
|
2,100 |
|
|
Branch |
Fairlawn, OH |
United States |
Synthetic Chemical Manufacturing |
18.1 |
19 |
|
|
Branch |
Orange, TX |
United States |
Rubber and Plastic Product Manufacturing |
4.1 |
9 |
|
|
Branch |
Baytown, TX |
United States |
Miscellaneous Chemical Manufacturing |
9.1 |
6 |
|
|
Branch |
Orange, TX |
United States |
Machinery Wholesale |
2.7 |
1 |
|
|
Subsidiary |
Dormagen |
Germany |
Synthetic Chemical Manufacturing |
|
2,000 |
|
|
Subsidiary |
Antwerpen |
Belgium |
Basic Chemical Manufacturing |
952.3 |
965 |
|
|
Subsidiary |
Birmingham, NJ |
United States |
Miscellaneous Chemical Manufacturing |
0.3 |
913 |
|
|
Subsidiary |
Newbury |
United Kingdom |
Consulting Services |
|
|
|
|
Subsidiary |
Ede |
Netherlands |
Miscellaneous Chemical Manufacturing |
|
120 |
|
|
Branch |
Sarnia, ON |
Canada |
Rubber and Plastic Product Manufacturing |
4.5 |
500 |
|
|
Subsidiary |
Zwijndrecht |
Belgium |
Synthetic Chemical Manufacturing |
194.5 |
459 |
|
|
Subsidiary |
Geleen |
Netherlands |
Synthetic Chemical Manufacturing |
|
420 |
|
|
Subsidiary |
Shanghai |
China |
Synthetic Chemical Manufacturing |
87.2 |
206 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Chemical Manufacturing |
|
120 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Chemical Manufacturing |
267.2 |
84 |
|
|
Subsidiary |
Brilon, Nordrhein-Westfalen |
Germany |
Miscellaneous Chemical Manufacturing |
|
80 |
|
|
Subsidiary |
Munro, Buenos Aires |
Argentina |
Chemical Wholesale |
73.0 |
60 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Chemical Wholesale |
|
60 |
|
|
Subsidiary |
Wuxi, Jiangsu |
China |
Miscellaneous Chemical Manufacturing |
151.8 |
|
|
|
Subsidiary |
Qingdao |
China |
Miscellaneous Chemical Manufacturing |
1.5 |
50 |
|
|
Subsidiary |
Greensboro, NC |
United States |
Rubber and Plastic Product Manufacturing |
14.6 |
48 |
|
|
Subsidiary |
Granges-Paccot, Fribourg |
Switzerland |
Machinery Wholesale |
|
45 |
|
|
Subsidiary |
Modderfontein, Gauteng |
South Africa |
Miscellaneous Chemical Manufacturing |
|
40 |
|
|
Subsidiary |
Rustenburg, Bleskop |
South Africa |
Non-Metallic Minerals Mining |
|
900 |
|
|
Subsidiary |
Newcastle, Kwazulu-Natal |
South Africa |
Miscellaneous Chemical Manufacturing |
|
120 |
|
|
Subsidiary |
Isithebe, Kwazulu-Natal |
South Africa |
Miscellaneous Chemical Manufacturing |
|
59 |
|
|
Subsidiary |
Merebank, Kwazulu-Natal |
South Africa |
Miscellaneous Chemical Manufacturing |
|
11 |
|
|
Subsidiary |
Barcelona |
Spain |
Synthetic Chemical Manufacturing |
|
37 |
|
|
Subsidiary |
Burzaco, Buenos Aires |
Argentina |
Basic Chemical Manufacturing |
22.8 |
164 |
|
|
Subsidiary |
Milan |
Italy |
Miscellaneous Chemical Manufacturing |
29.0 |
88 |
|
|
Subsidiary |
Silverwater, NSW |
Australia |
Miscellaneous Chemical Manufacturing |
4.1 |
30 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Chemical Manufacturing |
|
30 |
|
|
Subsidiary |
Pittsburgh, PA |
United States |
Miscellaneous Chemical Manufacturing |
19.8 |
24 |
|
|
Subsidiary |
Barcelona |
Spain |
Chemical Wholesale |
5.7 |
17 |
|
|
Subsidiary |
Birmingham, NJ |
United States |
Miscellaneous Chemical Manufacturing |
|
15 |
|
|
Subsidiary |
Sao Paulo |
Brazil |
Rubber and Plastic Product Manufacturing |
116.4 |
9 |
|
|
Subsidiary |
Vilassar De Mar, Barcelona |
Spain |
Miscellaneous Chemical Manufacturing |
10.2 |
9 |
|
|
Subsidiary |
Tokyo |
Japan |
Rubber and Plastic Product Manufacturing |
|
9 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Chemical Wholesale |
|
3 |
|
|
Subsidiary |
Duque de Caxias, RJ |
Brazil |
Synthetic Chemical Manufacturing |
1,026.0 |
|
|
|
Subsidiary |
Modderfontein, Gauteng |
South Africa |
Miscellaneous Chemical Manufacturing |
|
|
|
|
Subsidiary |
SĂ£o Paulo, SP |
Brazil |
Synthetic Chemical Manufacturing |
|
|
|
|
Subsidiary |
Thane |
India |
Synthetic Chemical Manufacturing |
|
|
|
|
Subsidiary |
Mexico |
Mexico |
Chemical Wholesale |
|
|
|
|
Subsidiary |
Bratislava |
Slovakia |
Chemical Wholesale |
|
|
|
|
Subsidiary |
Amsterdam |
Netherlands |
Securities |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Chemical Manufacturing |
|
|
|
|
Subsidiary |
Shanghai |
China |
Miscellaneous Chemical Manufacturing |
|
|
|
|
Subsidiary |
Liyang, Jiangsu |
China |
Miscellaneous Chemical Manufacturing |
|
|
|
|
Subsidiary |
Beijing |
China |
Chemical Wholesale |
|
|
|
|
Subsidiary |
Leverkusen |
Germany |
Securities |
|
|
|
|
Subsidiary |
Dzerzhinsk |
Russian Federation |
Miscellaneous Wholesale |
10.7 |
|
|
|
Subsidiary |
Leverkusen |
Germany |
Accounting and Tax Preparation |
|
|
|
|
Subsidiary |
Pittsburgh, PA |
United States |
Synthetic Chemical Manufacturing |
|
|
Executives Report
|
|
|
|
||||||||||||||||||||||||||||||||
|
Annual
Profit & Loss
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.778237 |
0.71919 |
0.755078 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
331.5 |
405.7 |
263.5 |
|
Net sales |
325.6 |
382.7 |
268.8 |
|
Change in stock |
1.1 |
-3.0 |
4.9 |
|
Unfinished work in progress |
-1.0 |
19.6 |
-7.9 |
|
Supplementary operating income |
6.3 |
2.9 |
1.6 |
|
Other operating income |
0.6 |
0.5 |
0.9 |
|
Other external charges |
54.4 |
55.9 |
52.3 |
|
Cost of goods sold |
213.0 |
278.1 |
151.9 |
|
Taxes and social security costs |
4.8 |
4.8 |
4.7 |
|
Social charges |
10.4 |
10.9 |
9.7 |
|
Total payroll costs |
20.5 |
26.1 |
22.5 |
|
Cost of stock depreciation and
amortisation |
3.2 |
8.6 |
2.7 |
|
Fixed asset depreciation and amortisation |
7.1 |
9.2 |
7.4 |
|
Other operating costs |
1.2 |
1.3 |
1.2 |
|
Total operating
costs |
315.8 |
391.7 |
257.3 |
|
Net operating
income |
15.7 |
13.9 |
6.3 |
|
Total financial
income |
8.4 |
18.2 |
9.7 |
|
Interest payable on loans |
0.9 |
1.7 |
1.2 |
|
Other expenses |
14.7 |
10.4 |
9.5 |
|
Total expenses |
15.6 |
12.1 |
10.7 |
|
Profit before tax |
8.5 |
20.1 |
5.3 |
|
Extraordinary income |
0.0 |
5.0 |
- |
|
Extraordinary expenses |
0.3 |
14.4 |
4.9 |
|
Extraordinary result |
-0.3 |
-9.4 |
-4.9 |
|
Total taxation |
0.9 |
1.0 |
-0.3 |
|
Net profit |
7.3 |
9.8 |
0.7 |
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 |
|
|
|
|
|
|
Issued capital |
25.2 |
24.8 |
25.6 |
|
Share premium account |
23.0 |
22.6 |
23.4 |
|
Legal reserves |
13.7 |
13.5 |
4.9 |
|
Other reserves |
0.8 |
0.9 |
1.1 |
|
Total reserves |
0.2 |
- |
- |
|
Profits for the year |
7.5 |
9.1 |
0.7 |
|
Profit brought forward from previous
year(s) |
4.3 |
-4.7 |
-5.5 |
|
Capital subsidies and grants |
0.1 |
0.1 |
0.1 |
|
Total
stockholders equity |
74.9 |
66.3 |
50.3 |
|
Provisions and allowances |
2.7 |
4.7 |
0.9 |
|
Trade creditors |
21.7 |
24.0 |
28.1 |
|
Bank loans and overdrafts |
0.0 |
- |
0.0 |
|
Other loans |
48.3 |
52.0 |
52.4 |
|
Other liabilities |
24.1 |
6.6 |
17.1 |
|
Income stated in advance |
0.3 |
0.7 |
2.6 |
|
Taxation and social security |
12.0 |
12.8 |
11.8 |
|
Total current
liabilities |
106.3 |
96.2 |
112.0 |
|
Total debts |
106.3 |
96.2 |
112.0 |
|
Regularisation account |
0.1 |
0.7 |
0.4 |
|
Total
liabilities (including net worth) |
184.0 |
167.9 |
163.6 |
|
Patents |
3.6 |
3.5 |
5.1 |
|
Goodwill |
3.2 |
3.1 |
3.2 |
|
Land |
0.1 |
0.1 |
0.2 |
|
Buildings |
14.7 |
14.4 |
14.9 |
|
Other fixed assets |
50.4 |
46.0 |
46.9 |
|
Other financial assets |
0.0 |
0.0 |
0.0 |
|
Total
non-current assets |
72.0 |
67.1 |
70.4 |
|
Prepayments |
0.2 |
0.3 |
0.1 |
|
Net stocks and work in progress |
61.7 |
59.8 |
42.0 |
|
Trade debtors |
44.2 |
35.3 |
42.7 |
|
Other receivables |
5.3 |
5.4 |
8.1 |
|
Cash and liquid assets |
0.0 |
0.0 |
0.2 |
|
Total current
assets |
111.5 |
100.8 |
93.2 |
|
Prepaid expenses and deferred costs |
0.5 |
0.0 |
- |
|
Total assets |
184.0 |
167.9 |
163.6 |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.00 |
1.00 |
0.80 |
|
Quick ratio |
0.50 |
0.40 |
0.50 |
|
Total liabilities to net worth |
1.58% |
1.61% |
2.67% |
|
Net worth to total assets |
0.37% |
0.36% |
0.26% |
|
Collection period |
40.10 |
30.00 |
47.60 |
|
Stock turnover rate |
5.40 |
6.00 |
6.50 |
|
Asset turnover |
1.82% |
2.13% |
1.67% |
|
Profit margin |
0.03% |
0.05% |
0.02% |
|
Return on assets |
0.05% |
0.11% |
0.03% |
|
Shareholders' return |
0.13% |
0.32% |
0.13% |
|
Sales per employee |
5,277.41 |
5,641.54 |
4,135.37 |
|
Profit per employee |
138.55 |
296.84 |
80.76 |
|
Average wage per employee |
332.90 |
384.33 |
345.58 |
|
Net worth |
74.9 |
66.3 |
50.3 |
|
Number of employees |
315 |
320 |
322 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.68 |
|
|
1 |
Rs. 102.96 |
|
Euro |
1 |
Rs. 84.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.