|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
OXEA GMBH |
|
|
|
|
Registered Office : |
Otto-Roelen-Str. 3, D 46147
Oberhausen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
30.07.2003 |
|
|
|
|
Com. Reg. No.: |
HRB 13992 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of chemical products |
|
|
|
|
No. of Employees : |
1,090 |
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 |
OXEA GMBH
Company Status: active
Otto-Roelen-Str.
3
D 46147
Oberhausen
Telephone:0208/693-3100
Telefax:
0208/693-3101
Homepage:
www.oxea-chemicals.com/de
E-mail: info@oxea-chemicals.com
VAT no.: DE813758906
Tax ID number: 123/5746/1975
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 30.07.2003
Shareholders'
agreement: 30.07.2003
Registered on: 19.08.2003
Commercial Register: Local court 47051 Duisburg
under: HRB
13992
Share capital: EUR 1,000,000.00
Shareholder:
Oxea Holding
GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 1,000,000.00
Registered on: 28.03.2007
Reg. data: 47051
Duisburg, HRB 19218
Manager:
Bernhard Spetsmann
Friedenstr. 2
D 40219 Düsseldorf
authorized to jointly
represent the company
born: 26.10.1962
Profession: Businessman
Manager:
Dr. Martina Flöel
Olle Beek 9
D 46569 Hünxe
authorized to jointly
represent the company
born: 18.01.1960
Profession: Fully
qualified chemist
Marital status: unknown
Manager:
Miguel Franca e Silva de
Quintanilha Mantas
D 56412 Heilberscheid
born: 18.06.1961
Marital status: unknown
Proxy:
Dr. Rainer Lukas
Holunderweg 13
D 45133 Essen
authorized to jointly
represent the company
born: 03.09.1954
Profession: Fully
qualified chemist
Marital status: married
Proxy:
Thomas Richard Merz
Rapsstr. 36
D 47269 Duisburg
authorized to jointly
represent the company
born: 07.10.1964
Proxy:
Dr. Horst Hanke
Hubertusstr. 12
D 46485 Wesel
authorized to jointly
represent the company
born: 18.12.1956
Proxy:
Dr. Georg Dämbkes
Nibelungenstr. 65
D 46537 Dinslaken
authorized to jointly
represent the company
born: 12.01.1952
Proxy:
Jan Hille
D 61250 Usingen
authorized to jointly
represent the company
born: 12.08.1963
Proxy:
Dr. Heinz Strutz
D 47447 Moers
authorized to jointly
represent the company
born: 31.05.1954
Proxy:
Juan Soto Garcia
USA Copell, Texas
authorized to jointly
represent the company
born: 16.09.1968
Nationality: USA
Proxy:
Dr. Bernhard Herzog
D 61440 Oberursel
authorized to jointly
represent the company
born: 18.05.1965
Proxy:
Matthias Kramer
D 60308 Frankfurt
authorized to jointly
represent the company
born: 07.11.1969
Proxy:
Stefan Hubert Bruno
Schmidt
Varusstr. 4
D 41469 Neuss
authorized to jointly
represent the company
born: 22.07.1971
Proxy:
Hans-Peter Imkamp
Am Breiten Deich 15
D 41564 Kaarst
authorized to jointly
represent the company
born: 08.12.1967
Proxy:
Reinhold Bührer
D 46535 Dinslaken
authorized to jointly represent
the company
born: 22.12.1955
Proxy:
Günther Becker
D 47051 Duisburg
authorized to jointly
represent the company
born: 28.11.1958
Further
functions/participations of Bernhard Spetsmann (Manager)
Shareholder:
Luxury Fashion Trade GmbH
Kaistr. 11
D 40221 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 103,868.00
Share: EUR 2,151.00
Registered
on: 28.08.2009
Reg. data: 40227 Düsseldorf, HRB 61685
Shareholder:
Autodisplay Biotech GmbH
Merowingerplatz 1a
D 40225 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 40,431.00
Share: EUR 1,765.00
Registered
on: 06.05.2008
Reg. data: 40227 Düsseldorf, HRB 58724
Manager:
Oxea Holding GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.03.2007
Reg. data: 47051 Duisburg, HRB 19218
Manager:
Oxea Holding Zwei GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.03.2007
Reg. data: 47051 Duisburg, HRB 19217
Manager:
OIG Oxea Infrastruktur
GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 26.10.2007
Reg. data: 47051 Duisburg, HRB 19711
Manager:
Oxea Holding Drei GmbH
Otto-Roelen-Str. 3
D 46147
Oberhausen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 02.03.2011
Reg. data: 47051 Duisburg, HRB 23207
Manager:
Oxea Holding Vier GmbH
Otto-Roelen-Str. 3 c/o
Oxea
Holding GmbH
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 18.01.2013
Reg. data: 40227 Düsseldorf, HRB 69442
Further
functions/participations of Dr. Martina Flöel (Manager)
Limited
partner:
Oxea Associates GmbH
& Co. KG
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,300.00
contribution:
Share: EUR 100.00
Registered
on: 05.12.2007
Reg. data: 47051 Duisburg, HRA 10154
Manager:
Oxea Holding Vier GmbH
Otto-Roelen-Str. 3 c/o
Oxea
Holding GmbH
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 18.01.2013
Reg. data: 40227 Düsseldorf, HRB 69442
Manager:
Oxea Holding GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.03.2007
Reg. data: 47051 Duisburg, HRB 19218
Manager:
Oxea Holding Zwei GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.03.2007
Reg. data: 47051 Duisburg, HRB 19217
Manager:
OIG Oxea Infrastruktur
GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.10.2007
Reg. data: 47051 Duisburg, HRB 19711
Manager:
Oxea Holding Drei GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 02.03.2011
Reg. data: 47051 Duisburg, HRB 23207
Further functions/participations of Miguel
Franca e Silva de
Quintanilha Mantas (Manager)
Limited
partner:
Oxea Associates GmbH
& Co. KG
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 1,300.00
contribution:
Share: EUR 100.00
Registered
on: 05.12.2007
Reg. data: 47051 Duisburg, HRA 10154
Manager:
Oxea Holding Vier GmbH
Otto-Roelen-Str. 3 c/o
Oxea
Holding GmbH
D 46147 Oberhausen
Legal form: Private limited
company
Share capital: EUR 26,000.00
Registered
on: 18.01.2013
Reg. data: 40227 Düsseldorf, HRB 69442
Manager:
Oxea Holding GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 28.03.2007
Reg. data: 47051 Duisburg, HRB 19218
Manager:
OIG Oxea Infrastruktur
GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 26.10.2007
Reg. data: 47051 Duisburg, HRB 19711
Manager:
Oxea Holding Drei GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 02.03.2011
Reg. data: 47051 Duisburg, HRB 23207
Proxy:
Ticona GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR 5,964,000.00
Registered
on: 01.07.1997
Reg. data: 64283 Darmstadt, HRB 83534
Proxy:
Celanese Chemicals Europe
GmbH
Am Unisys Park 1
D 65843 Sulzbach
Legal form: Private
limited company
Share capital: EUR
5,111,129.29
Registered
on: 28.08.2002
Reg. data: 61462 Königstein, HRB 5827
19.08.2003 - 07.03.2007 European
Oxo GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Private limited company
15.07.2010 - 27.01.2012 Manager
Cornelius Robertson
D
64521 Groß-Gerau
Main
industrial sector
2059
Manufacture of other chemical products n.e.c.
46750
Wholesale of chemical products
Branch:
Oxea GmbH
Paul-Baumann-Str. 1
D 45772 Marl
TEL.: 02365/495272
Shareholder:
Oxea International GmbH
Otto-Roelen-Str. 3
D 46147 Oberhausen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 12.06.2012
Local court
47051 Duisburg
HRB 24565
Shareholder:
German Pipeline
Development Company GmbH
Pawiker Str. 30
D 45896 Gelsenkirchen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 7,500.00
Reg. data: 09.08.2007
Local court
45879 Gelsenkirchen
HRB 9081
Shareholder:
Studiengesellschaft Kohle
mit beschränkter
Haftung
Kaiser-Wilhelm-Platz 1
D 45470 Mülheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 60,000.00
Share: EUR 3,200.00
Reg. data: 18.06.2004
Local court
47051 Duisburg
HRB 14228
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Otto-Roelen-Str.
3
D 46147 Oberhausen
Land register documents were not available.
DEUTSCHE BANK, 45116 ESSEN, RUHR
Sort. code: 36070050
BIC: DEUTDEDEXXX
Turnover: 2012 EUR 1,100,000,000.00
Equipment: EUR 1,103,806.00
Ac/ts receivable: EUR
133,593,545.00
Liabilities: EUR 888,400,394.00
Employees: 1,090
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 24.36
Liquidity ratio: 0.22
Return on total capital [%]: 10.88
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 54.48
Liquidity ratio: 3.60
Return on total capital [%]: 24.99
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: 01.01.2011 - 31.12.2011
ASSETS EUR 1,005,177,560.57
Fixed assets EUR 695,786,600.77
Intangible assets
EUR 1,963,621.89
Concessions, licences, rights
EUR 1,963,621.89
Tangible assets
EUR 82,656,560.81
Land / similar rights
EUR 11,495,611.20
Plant / machinery
EUR 38,933,490.70
Other tangible assets / fixtures and
fittings
EUR 1,103,805.62
Advance payments made / construction
in progress
EUR 23,959,652.82
Other / unspecified tangible assets
EUR 7,164,000.47
Financial assets
EUR 611,166,418.07
Shares in participations /
subsidiaries and the like
EUR 607,443,526.59
Shares in related companies
EUR 607,352,143.81
Shares in investee companies
EUR 91,382.78
Securities included in fixed assets
EUR 3,722,891.48
Current assets
EUR 309,082,041.08
Stocks
EUR 70,822,521.39
Raw materials, consumables and
supplies
EUR 14,494,022.86
Finished goods / work in progress
EUR 56,328,498.53
Accounts receivable
EUR 133,593,544.63
Trade debtors
EUR 70,750,591.59
Amounts due from related companies
EUR 50,600,280.15
Other debtors and assets
EUR 12,242,672.89
Liquid means
EUR 104,665,975.06
Remaining other assets
EUR 308,918.72
Accruals (assets) EUR 308,918.72
LIABILITIES EUR 1,005,177,560.57
Shareholders' equity
EUR 71,091,722.04
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 70,091,722.04
Capital reserves
EUR 46,753,022.02
Retained earnings / revenue reserves EUR 23,338,700.02
Provisions
EUR 45,685,444.99
Pension provisions and comparable
provisions
EUR 14,236,409.94
Other / unspecified provisions
EUR 31,449,035.05
Liabilities EUR 888,400,393.54
Other liabilities
EUR 888,400,393.54
Trade creditors (for IAS incl. bills
of exchange)
EUR 84,039,660.03
Liabililties due to related companiesEUR 796,327,116.60
Unspecified other liabilities
EUR 8,033,616.91
PROFIT AND
LOSS ACCOUNT (cost of sales method) according to Comm. Code (HGB)
Sales EUR 1,022,198,185.98
Manufacturing costs
EUR 892,224,812.42
Gross result on sales
EUR 129,973,373.56
Distribution costs
EUR 6,789,706.08
General administration expenses
EUR 9,160,958.47
Other operating income
EUR 89,866,660.11
Other operating expenses
EUR 90,524,463.82
Operating result from continuing
operations
EUR 113,364,905.30
Interest result (+/-) EUR -3,784,031.60
Interest and similar income
EUR 1,531,687.79
Interest and similar expenses
EUR 5,315,719.39
Financial result (+/-)
EUR -3,784,031.60
Result from ordinary operations (+/-)
EUR 109,580,873.70
Extraordinary expenses
EUR 347,547.47
Extraordinary result (+/-)
EUR -347,547.47
Expenses for transfer of profits to a
parent company EUR 109,014,216.38
Income tax / refund of income tax (+/-)EUR -219,109.85
Tax (+/-)
EUR -219,109.85
Annual surplus / annual deficit
EUR 0.00
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2010 - 31.12.2010
ASSETS EUR 386,724,959.76
Fixed assets
EUR 73,302,148.40
Intangible assets EUR 2,300,287.24
Concessions, licences, rights
EUR 2,300,287.24
Tangible assets
EUR 63,600,852.67
Land / similar rights
EUR 11,638,400.46
Plant / machinery
EUR 38,220,924.12
Other tangible assets / fixtures and
fittings
EUR 1,077,222.88
Advance payments made / construction
in progress
EUR 5,914,304.74
Other / unspecified tangible assets
EUR 6,750,000.47
Financial assets
EUR 7,401,008.49
Shares in participations /
subsidiaries and the like
EUR 4,354,926.59
Shares in related companies
EUR 4,263,543.81
Shares in investee companies
EUR 91,382.78
Securities included in fixed assets
EUR 2,953,315.63
Other loans
EUR 92,766.27
Current assets
EUR 313,408,947.71
Stocks
EUR 66,505,093.62
Raw materials, consumables and
supplies
EUR 18,739,191.66
Finished goods / work in progress
EUR 47,765,901.96
Accounts receivable
EUR 179,174,947.97
Trade debtors
EUR 150,228,487.73
Amounts due from related companies
EUR 17,154,391.44
Other debtors and assets
EUR 11,792,068.80
Liquid means
EUR 67,728,906.12
Remaining other assets
EUR 13,863.65
Accruals (assets)
EUR 13,863.65
LIABILITIES EUR 386,724,959.76
Shareholders' equity
EUR 71,091,722.04
Capital
EUR 1,000,000.00
Subscribed capital (share capital)
EUR 1,000,000.00
Reserves
EUR 70,091,722.04
Capital reserves
EUR 46,753,022.02
Retained earnings / revenue reserves EUR 23,338,700.02
Provisions
EUR 56,839,859.91
Pension provisions and comparable
provisions
EUR 12,029,001.47
Other / unspecified provisions
EUR 44,810,858.44
Liabilities
EUR 258,793,377.81
Other liabilities
EUR 258,793,377.81
Trade creditors (for IAS incl. bills
of exchange)
EUR 96,023,646.67
Liabililties due to related companiesEUR 160,769,558.94
Unspecified other liabilities EUR 2,000,172.20
PROFIT AND
LOSS ACCOUNT (cost of sales method) according to Comm. Code (HGB)
Sales
EUR 964,340,191.93
Manufacturing costs
EUR 844,320,617.90
Gross result on sales
EUR 120,019,574.03
Other operating income
EUR 74,312,816.99
Other operating expenses
EUR 93,630,022.29
Operating result from continuing
operations
EUR 100,702,368.73
Interest result (+/-)
EUR -5,859,247.01
Interest and similar income
EUR 897,028.86
Interest and similar expenses
EUR 6,756,275.87
Financial result (+/-)
EUR -5,859,247.01
Result from ordinary operations (+/-)
EUR 94,843,121.72
Extraordinary expenses
EUR 1,172,324.47
Extraordinary result (+/-)
EUR -1,172,324.47
Expenses for transfer of profits to a
parent company
EUR 93,494,205.87
Income tax / refund of income tax (+/-)EUR -176,591.38
Tax (+/-)
EUR -176,591.38
Annual surplus / annual deficit
EUR 0.00
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 : |
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.