|
Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SACHTLEBEN CHEMIE GESELLSCHAFT MIT
BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Dr.-Rudolf-Sachtleben-Str. 4, D 47198
Duisburg |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
12.11.2003 |
|
|
|
|
Com. Reg. No.: |
HRB 19669 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of other fabricated metal products ·
Wholesale of
chemical products ·
Wholesale of
iron ores, iron, steel and iron and steel semi-finished goods |
|
|
|
|
No. of Employees : |
1,150 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
SACHTLEBEN CHEMIE GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG
Company Status: active
Dr.-Rudolf-Sachtleben-Str. 4
D 47198 Duisburg
Telephone:02066/22-0
Telefax:
02066/222000
Homepage:
www.sachtleben.de
E-mail: info@sachtleben.de
VAT no.: DE814031123
Tax ID number: 134/5780/0439
Business relations are permissible. The
company is considered solvent for
credits within its scope of business.
LEGAL FORM Private
limited company
Date of foundation: 12.11.2003
Shareholders'
agreement: 12.11.2003
Registered on: 11.10.2007
Commercial Register: Local court 47051 Duisburg
under: HRB
19669
Share
capital: EUR 25,600,000.00
Shareholder:
Sachtleben GmbH
Dr.-Rudolf-Sachtleben-Str. 4
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,600,000.00
Registered on: 04.09.2008
Reg. data: 47051
Duisburg, HRB 20551
Manager:
Dr. Andreas Grünewald
Kaldauer Str. 98e
D 53721 Siegburg
born: 17.10.1963
Profession: Employee
Marital status: married
Manager:
Dr. Jörg Eraßme
D 52066 Aachen
born: 26.10.1954
Manager:
Juha Mika Antero Mäkinen
SF - Vantaa
born: 06.02.1961
Nationality:
Finnish
Manager:
Andrew Martin Ross
USA Washington DC
born: 10.04.1961
Nationality: USA
Proxy:
Bernhard Becker
Uerdinger Str. 333
D 47800 Krefeld
authorized to jointly
represent the company
born: 18.09.1957
Marital status: single
Proxy:
Dr. Jörn-Cristoph Schmidt-Reinhold
D 53117 Bonn
authorized to jointly
represent the company
born: 15.07.1964
Proxy:
Wilhelm Thygs
D 47799 Krefeld
authorized to jointly
represent the company
born: 09.10.1953
Proxy:
Wolfgang Itner
Blumenstr. 4
D 47929 Grefrath
authorized to jointly
represent the company
born: 06.12.1957
Marital status: married
Proxy:
Elke Delfs
D 41747 Viersen
authorized to jointly
represent the company
born: 29.06.1959
Marital status: married
Proxy:
Ulrich Gerhard Hallmann
Sandrastr. 22
D 46537 Dinslaken
authorized to jointly
represent the company
born: 04.01.1960
Proxy:
Manfred Berger
D 50670 Köln
authorized to jointly
represent the company
born: 08.05.1957
Proxy:
Klaus Pomaska
D 63165 Mühlheim
authorized to jointly
represent the company
born: 01.09.1966
Proxy:
Ulrich Pannek
D 44787 Bochum
authorized to jointly
represent the company
born: 04.02.1967
Further
functions/participations of Dr. Andreas Grünewald (Manager)
Shareholder:
PIGMENT-CHEMIE Gesellschaft
mit beschränkter
Haftung
Dr.-Rudolf-Sachtleben-Str. 4
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR 51,129.19
Share: EUR 51,129.19
Registered
on: 20.03.1996
Reg. data: 47051 Duisburg, HRB 7018
Manager:
PIGMENT-CHEMIE
Gesellschaft mit beschränkter
Haftung
Dr.-Rudolf-Sachtleben-Str. 4
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR 51,129.19
Registered
on: 20.03.1996
Reg. data: 47051 Duisburg, HRB 7018
Manager:
Dynamit Nobel Kunststoff
Anlagen- und
Betrieb GmbH
Königsberger Str. 1
D 60487 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 09.12.2005
Reg. data: 60313 Frankfurt, HRB 76099
Manager:
Sachtleben GmbH
Dr.-Rudolf-Sachtleben-Str. 4
D 47198 Duisburg
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 04.09.2008
Reg. data: 47051 Duisburg, HRB 20551
Manager:
Sachtleben
Pigment GmbH
Rheinuferstr. 7-9
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR
10,000,000.00
Registered
on: 20.08.2012
Reg. data: 47051 Duisburg, HRB 24751
Further
functions/participations of Juha Mika Antero Mäkinen (Manager)
Manager:
Sachtleben GmbH
Dr.-Rudolf-Sachtleben-Str. 4
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.09.2008
Reg. data: 47051 Duisburg, HRB 20551
Manager:
Sachtleben Pigment GmbH
Rheinuferstr. 7-9
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR
10,000,000.00
Registered
on: 20.08.2012
Reg. data: 47051 Duisburg, HRB 24751
Further
functions/participations of Andrew Martin Ross (Manager)
Manager:
Sachtleben GmbH
Dr.-Rudolf-Sachtleben-Str. 4
D 47198 Duisburg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 04.09.2008
Reg. data: 47051 Duisburg, HRB 20551
Manager:
Sachtleben Pigment GmbH
Rheinuferstr. 7-9
D 47829 Krefeld
Legal form: Private
limited company
Share capital: EUR
10,000,000.00
Registered
on: 20.08.2012
Reg. data: 47051 Duisburg, HRB 24751
05.01.2004 - 29.11.2004 Deukalion Zweiundzwanzigste
Vermögensverwaltungs-GmbH
Mainzer Landstr. 46
D 60325 Frankfurt
Private limited
company
29.11.2004 - 15.06.2005 Knight Dritte Beteiligungs GmbH
Mainzer Landstr. 46
D 60325 Frankfurt
Private limited company
15.06.2005 - 19.09.2007 Rockwood Specialties Group Sachtleben
GmbH
Mainzer Landstr. 46
D 60325 Frankfurt
Private limited company
19.09.2007 - 11.10.2007 Sachtleben Chemie Gesellschaft mit
beschränkter Haftung
Mainzer Landstr. 46
D 60325 Frankfurt
Private limited
company
19.10.2010 - 06.09.2013 Manager
Vernon Stuart Sumner
D 40210 Düsseldorf
16.10.2007 - 28.02.2012 Manager
Prof. Dr. Wolf-Dieter
Griebler
D 47051 Duisburg
Main
industrial sector
2599
Manufacture of other fabricated metal products n.e.c.
32990
Other manufacturing n.e.c.
4675
Wholesale of chemical products
Secondary
industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
Branch:
Sachtleben Chemie
Gesellschaft mit
beschränkter Haftung
Osterfelder Str. 5
D 46047 Oberhausen
Limited
partner:
Deutsche Baryt-Industrie
Dr. Rudolf Alberti
GmbH & Co. KG
Bahnhofstr. 21-39
D 37431 Bad Lauterberg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 2,304,000.00
contribution:
Share: EUR 576,000.00
Reg. data: 29.11.1954
Local court
37073 Göttingen
HRA 121227
Shareholder:
Sachtleben Pigment GmbH
Rheinuferstr. 7-9
D 47829 Krefeld
Legal form: Private
limited company
Company Status: active
Share capital: EUR
10,000,000.00
Share: EUR 10,000,000.00
Reg. data: 20.08.2012
Local court
47051 Duisburg
HRB 24751
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Dr.-Rudolf-Sachtleben-Str.
4
D 47198 Duisburg
Real Estate of: Dr.
Andreas Grünewald
Type of ownership: unknown
Address Kaldauer
Str. 98c
D 53721 Siegburg
Land register documents were not available.
COMMERZBANK, DUISBURG
Sort. code: 35040038, BIC: COBADEFF350
DEUTSCHE BANK, DUISBURG
Sort. code: 35070030, BIC: DEUTDEDE350
SPARKASSE DUISBURG, DUISBURG
Sort. code: 35050000, BIC: DUISDE33XXX
Financial year: 01.01. - 31.12.
Turnover: 2012 EUR 820,000,000.00
Share capital: EUR 25,600,000.00
Equipment: *EUR 12,240,000.00
Ac/ts receivable: *EUR 25,840,000.00
Liabilities: *EUR
51,340,000.00
Employees:
1,150
The business figures marked with an asterisk
are estimates based on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
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.