|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
DOMO
CAPROLEUNA GMBH |
|
|
|
|
Registered Office : |
Am
Haupttor 3101 D 06237 Leuna |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
29.03.1994 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of chemical products |
|
|
|
|
No. of Employees : |
469 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
DOMO CAPROLEUNA GMBH
Company Status: active
Am Haupttor 3101
D 06237 Leuna
Telephone:03461/432200
Telefax: 03461/432220
Homepage: www.domochemicals.com
E-mail: Caproleuna@domo.org
VAT no.: DE159385577
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 19.10.1993
Shareholders'
agreement: 19.10.1993
Registered on: 29.03.1994
Commercial Register: Local court 39576 Stendal
under: HRB
207846
Share capital: EUR 9,714,545.74
Shareholder:
DOMO Chemicals N V
Nederzwijnaarde 2
B 9052 Zwijnaarde
Legal form: Other legal
form
Share: EUR 8,839,214.04
Shareholder:
Jan de Clerck
Baverickstraat 27
B 9250 Waasmunster
born: 31.08.1952
Share: EUR 778,186.24
Shareholder:
Martine Van der Weghe
Baverikstraat 27
B 9250 Waasmunster
born: 14.02.1952
Share: EUR 97,145.46
Manager:
Jan de Clerck
Baverickstraat 27
B 9250 Waasmunster
born: 31.08.1952
Nationality: Belgian
Manager:
Alex André Segers
Gaversestenweeg 378
B 9820 Merelbeke
authorized to jointly represent
the company
born: 21.04.1964
Profession: graduate
engineer
Nationality: Belgian
Manager:
Luc Albert Maria De Raedt
D 06237 Leuna
born: 15.08.1969
Proxy:
Ute Marx
D 06198 Salzatal
authorized to jointly
represent the company
born: 21.01.1960
Proxy:
Christian Hinz
Wielandstr. 7
D 06114 Halle
authorized to jointly
represent the company
born: 21.02.1971
Proxy:
Heike Schubert
D 06108 Halle
authorized to jointly
represent the company
born: 04.11.1971
Further functions/participations of Jan de
Clerck (Manager)
Shareholder:
DELTA-Teppichboden
Service GmbH
Am Haupttor 3101
D 06237 Leuna
Legal form: Private
limited company in
liquidation
Share capital: EUR
281,210.53
Share: EUR 265,769.52
Registered
on: 20.03.2008
Reg. data: 39576 Stendal, HRB 7414
Further functions/participations of Alex André
Segers (Manager)
Manager:
Xentrys Leuna GmbH
Am Haupttor 3116
D 06237 Leuna
Legal form: Private
limited company
Share capital: EUR 5,112,918.81
Registered
on: 19.04.1994
Reg. data: 39576 Stendal, HRB 207824
Manager:
Domo Chemicals
Deutschland GmbH
Am Haupttor 3101
D 06237 Leuna
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.12.2013
Reg. data: 39576 Stendal, HRB 20086
Further functions/participations of Luc Albert
Maria De Raedt
(Manager)
Manager:
Xentrys Leuna GmbH
Am Haupttor 3116
D 06237 Leuna
Legal form: Private limited
company
Share capital: EUR 5,112,918.81
Registered
on: 19.04.1994
Reg. data: 39576 Stendal, HRB 207824
19.10.1993 - 26.06.1997 Caprolactam Leuna GmbH
Am Haupttor, Bau 3101
D 06237 Leuna
Private limited
company
19.05.2003 - 09.01.2012 Manager
Norbert Leetsch
D 06237 Leuna
Main industrial sector
20590
Manufacture of other chemical products n.e.c.
Shareholder:
Xentrys Leuna GmbH
Am Haupttor 3116
D 06237 Leuna
Legal form: Private
limited company
Company Status: active
Share capital: EUR 5,112,918.81
Share: EUR 5,102,692.97
Reg. data: 19.04.1994
Local court
39576 Stendal
HRB 207824
Shareholder:
DOMO Engineering Plastics
GmbH
Paul-Schlack-Str.
D 14727 Premnitz
Legal form: Private
limited company
Company Status: active
Share capital: EUR 100,000.00
Share: EUR 100,000.00
Reg. data: 04.02.2005
Local court
14467 Potsdam
HRB 18324 P
Payment
experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: proprietor
Share: 100.00 %
Address Am
Haupttor 3101
D 06237 Leuna
Land register documents were not available.
Principal bank
UNICREDIT BANK - HYPOVEREINSBANK, 06018 HALLE
(SAALE)
Sort. code: 80020086
BIC: HYVEDEMM440
Turnover:
2012 EUR
710,084,229.00
Profit: 2012 EUR 36,850,321.00
Equipment: EUR 909,928.00
Ac/ts receivable: EUR
177,076,628.00
Liabilities: EUR 102,106,394.00
Employees:
469
- thereof permanent staff: 450
- Trainees: 19
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 63.37
Liquidity ratio: 0.26
Return on total capital [%]: 12.17
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 66.00
Liquidity ratio: 0.23
Return on total capital [%]: 30.90
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 59.91
Liquidity ratio: 0.17
Return on total capital [%]: 15.58
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 60.26
Liquidity ratio: 0.19
Return on total capital [%]: 3.66
Equity ratio
The equity ratio indicates the portion of the
equity as compared
to the total capital. The higher the equity
ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows the proportion
between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the company's financial dependancy from
external creditors.
Return on total capital
The return on total capital shows the
efficiency and return on
the total capital employed in the company. The
higher the return
on total capital, the more economically does
the company work
with the invested capital.
TYPE OF BALANCE
SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2012
- 31.12.2012
ASSETS EUR 454,233,548.50
Fixed assets EUR 224,721,163.80
Intangible assets EUR
3,813,077.00
Concessions, licences, rights EUR 3,813,077.00
Tangible assets EUR
106,248,452.31
Land / similar rights EUR
27,849,520.68
Plant / machinery EUR
51,702,371.00
Other tangible assets / fixtures and
fittings EUR 909,928.00
Advance payments made / construction
in progress EUR 25,786,632.63
Financial assets EUR 114,659,634.49
Shares in participations /
subsidiaries and the like
EUR 114,659,634.49
Shares in related companies
EUR 114,647,134.49
Shares in investee companies
EUR 12,500.00
Current assets EUR 227,984,889.04
Stocks EUR 50,907,584.51
Raw materials, consumables and
supplies EUR 11,805,571.92
Finished goods / work in progress EUR 39,102,012.59
Accounts receivable EUR 177,076,628.45
thereof total due from shareholders EUR 151,417,000.00
Trade debtors EUR
99,956.40
Amounts due from related companies EUR 152,645,136.53
Other debtors and assets EUR 24,331,535.52
Liquid means EUR 676.08
Remaining other assets EUR
1,527,495.66
Accruals (assets) EUR
1,527,495.66
LIABILITIES EUR 454,233,548.50
Shareholders' equity EUR
336,843,680.86
Capital EUR 9,714,545.74
Subscribed capital (share capital) EUR 9,714,545.74
Reserves EUR 422,342.80
Capital reserves EUR
422,342.80
Balance sheet profit/loss (+/-) EUR 326,706,792.32
Profit / loss brought forward EUR 289,856,471.10
Annual surplus / annual deficit EUR 36,850,321.22
Items between shareholders' equity and
debt capital EUR 8,252,520.76
Allowances / bonuses EUR
8,252,520.76
Provisions EUR
7,030,953.02
Pension provisions and comparable
provisions EUR 600,943.00
Provisions for taxes EUR
260,720.00
Other / unspecified provisions EUR 6,169,290.02
Liabilities EUR 102,106,393.86
thereof total due to shareholders EUR 2,327,000.00
Financial debts EUR
17,200,000.00
Liabilities due to banks
EUR
17,200,000.00
Other liabilities EUR
84,906,393.86
Trade creditors (for IAS incl. bills
of exchange) EUR 74,238,385.54
Liabilities from received advance
payments EUR 477,038.18
Liabililties due to related companies EUR
10,054,019.37
Unspecified other liabilities EUR 136,950.77
thereof liabilities from social
security
EUR 36,000.00
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 710,084,229.03
Inventory change + own costs (+/-) EUR 3,663,548.37
Inventory change (+/-)
EUR
3,568,541.17
Capitalised own costs EUR 95,007.20
Other operating income EUR
7,291,790.56
Cost of materials EUR
558,016,898.43
Raw materials and supplies, purchased
goods EUR 558,016,898.43
Gross result (+/-) EUR
163,022,669.53
Staff expenses EUR 28,159,112.73
Wages and salaries EUR
23,573,827.94
Social security contributions and
expenses for pension plans and
benefits EUR 4,585,284.79
Total depreciation EUR
11,379,908.28
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 11,379,908.28
Other operating expenses EUR 68,872,280.96
Operating result from continuing
operations EUR 54,611,367.56
Result from participating interests
(+/-) EUR -3,539,756.89
Expenses / income from participations EUR 607,412.71
Income from transfer of profits EUR 607,412.71
Expenses for participations EUR 4,147,169.60
Expenses for other participations EUR 4,147,169.60
Interest result (+/-) EUR
-1,987,907.40
Interest and similar income EUR 115,186.59
thereof from related companies EUR 113,000.00
Interest and similar expenses EUR 2,103,093.99
thereof paid to related companies EUR 1,356,000.00
Financial result (+/-) EUR
-5,527,664.29
Result from ordinary operations (+/-) EUR 49,083,703.27
Income tax / refund of income tax (+/-) EUR -12,124,231.71
Other taxes / refund of taxes EUR
-109,150.34
Tax (+/-) EUR
-12,233,382.05
Annual surplus / annual deficit EUR 36,850,321.22
TYPE OF BALANCE
SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 405,879,292.95
Fixed assets EUR 210,363,423.38
Intangible assets EUR
293,700.00
Concessions, licences, rights EUR 293,700.00
Tangible assets EUR 95,410,088.89
Land / similar rights EUR
28,750,172.68
Plant / machinery EUR
57,565,830.00
Other tangible assets / fixtures and
fittings EUR 853,624.00
Advance payments made / construction
in progress EUR 8,240,462.21
Financial assets EUR
114,659,634.49
Shares in participations /
subsidiaries and the like
EUR
114,659,634.49
Shares in related companies
EUR 114,647,134.49
Shares in investee companies
EUR 12,500.00
Current assets EUR 193,508,432.67
Stocks EUR 40,928,791.51
Raw materials, consumables and
supplies EUR 10,595,153.71
Finished goods / work in progress
EUR
30,036,304.80
Advance payments made EUR 297,333.00
Accounts receivable
EUR
138,978,801.33
Trade debtors EUR
271,271.55
Amounts due from related companies EUR 128,847,078.64
Other debtors and assets EUR 9,860,451.14
Liquid means EUR 13,600,839.83
Remaining other assets EUR 2,007,436.90
Accruals (assets) EUR
2,007,436.90
LIABILITIES EUR 405,879,292.95
Shareholders' equity EUR
299,993,359.64
Capital EUR 9,714,545.74
Subscribed capital (share capital) EUR 9,714,545.74
Reserves EUR 422,342.80
Capital reserves EUR
422,342.80
Balance sheet profit/loss (+/-) EUR 289,856,471.10
Profit / loss brought forward
EUR
202,441,453.27
Annual surplus / annual deficit EUR 87,415,017.83
Items between shareholders' equity and
debt capital EUR 9,625,486.77
Allowances / bonuses EUR
9,625,486.77
Provisions EUR 9,469,348.49
Pension provisions and comparable
provisions EUR 723,567.00
Provisions for taxes EUR 2,105,407.40
Other / unspecified provisions EUR 6,640,374.09
Liabilities EUR 86,791,098.05
Financial debts EUR
13,600,000.00
Liabilities due to banks EUR 13,600,000.00
Other liabilities EUR
73,191,098.05
Trade creditors (for IAS incl. bills
of exchange) EUR 62,618,251.29
Liabilities from received advance
payments EUR 1,587,862.50
Liabililties due to related companies EUR
8,563,256.80
Unspecified other liabilities EUR 421,727.46
thereof liabilities from social
security
EUR 24,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 667,814,797.12
Inventory change + own costs (+/-) EUR 3,393,214.11
Inventory change (+/-) EUR
3,319,947.19
Capitalised own costs EUR
73,266.92
Other operating income EUR 9,034,024.39
Cost of materials EUR
463,470,826.09
Raw materials and supplies, purchased
goods EUR 463,470,826.09
Gross result (+/-)
EUR
216,771,209.53
Staff expenses EUR 27,713,684.64
Wages and salaries EUR
22,981,880.92
Social security contributions and
expenses for pension plans and
benefits EUR 4,731,803.72
Total depreciation EUR
13,257,017.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 13,257,017.74
Other operating expenses EUR
64,034,887.54
Operating result from continuing
operations EUR 111,765,619.61
Result from participating interests
(+/-) EUR 5,496,292.66
Expenses / income from participations EUR 5,496,292.66
Income from transfer of profits EUR 5,496,292.66
Interest result (+/-) EUR
-1,935,075.08
Interest and similar income EUR 794,084.51
Interest and similar expenses EUR 2,729,159.59
Financial result (+/-) EUR
3,561,217.58
Result from ordinary operations (+/-) EUR 115,326,837.19
Income tax / refund of income tax (+/-) EUR -27,854,971.46
Other taxes / refund of taxes EUR -56,847.90
Tax (+/-) EUR
-27,911,819.36
Annual surplus / annual deficit EUR 87,415,017.83
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.