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Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
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Name : |
RÜTGERS AROMATIC CHEMICALS GMBH |
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Registered Office : |
Kekulestr. 30 D 44579 Castrop-Rauxel |
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Country : |
Germany |
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Date of Incorporation : |
15.05.2002 |
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Legal Form : |
Private limited company |
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Line of Business : |
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
RÜTGERS AROMATIC
CHEMICALS GMBH
Company Status: active
Kekulestr. 30
D 44579 Castrop-Rauxel
Telephone:02305/705-0
Telefax: 02305/705-521
Homepage: www.ruetgers-group.com
E-mail: aromatic-chemicals@ruetgers-group.com
VAT no.: DE223494709
Tax ID number: 340/5723/0731
LEGAL FORM Private limited company
Date of foundation: 15.05.2002
Begin of business
activities: 01.04.2003
Shareholders'
agreement: 15.05.2002
Registered on: 03.06.2002
Commercial Register: Local court 44135 Dortmund
under: HRB 16999
Share capital: EUR 101,000.00
Shareholder:
RÜTGERS Germany GmbH
Kekulestr. 30
D 44579 Castrop-Rauxel
Legal form: Private limited company
Share capital: EUR 30,720,000.00
Share: EUR 101,000.00
Registered on: 18.12.2006
Reg. data: 44135 Dortmund, HRB 20092
Control and profit transfer agreement
Manager:
Dr. Olaf Valentin Uhde
D 45657 Recklinghausen
born: 09.09.1966
Profession: Fully qualified merchant
Manager:
Dr. Christoph Börner
D 52134 Herzogenrath
born: 23.06.1968
Proxy:
Volker Eifert
D 45699 Herten
having sole power of representation
born: 08.05.1962
Further functions/participations of Dr. Olaf Valentin Uhde
(Manager)
Proxy:
RÜTGERS ChemTrade GmbH
Kekulestr. 30
D 44579 Castrop-Rauxel
Legal form: Private limited company
Share capital: EUR 512,000.00
Registered
on: 22.12.1999
Reg. data: 44135 Dortmund, HRB 16913
Proxy:
RÜTGERS Germany GmbH
Kekulestr. 30
D 44579 Castrop-Rauxel
Legal form: Private limited company
Share capital: EUR 30,720,000.00
Registered
on: 18.12.2006
Reg. data: 44135 Dortmund, HRB 20092
Further functions/participations of Dr. Christoph Börner
(Manager)
Manager:
RÜTGERS Germany GmbH
Kekulestr. 30
D 44579 Castrop-Rauxel
Legal form: Private limited company
Share capital: EUR 30,720,000.00
Registered
on: 18.12.2006
Reg. data: 44135 Dortmund, HRB 20092
Manager:
RÜTGERS ChemTrade GmbH
Kekulestr. 30
D 44579 Castrop-Rauxel
Legal form: Private limited company
Share capital: EUR 512,000.00
Registered
on: 22.12.1999
Reg. data: 44135 Dortmund, HRB 16913
Proxy:
RÜTGERS Holding Germany GmbH
Varziner Str. 49
D 47138 Duisburg
Legal form: Private limited company
Share capital: EUR 30,000.00
Registered
on: 20.02.2009
Reg. data: 47051 Duisburg, HRB 21012
03.06.2002 - 25.06.2010 NJR Aromatics GmbH
Kekulestr. 30
D 44579 Castrop-Rauxel
Private limited company
26.08.2010 - 23.04.2012 Manager
Hans-Peter Schwederski
D 45657 Recklinghausen
Main industrial sector
2014 Manufacture of other organic basic chemicals
4675 Wholesale of chemical products
Payment experience: within agreed terms
Negative information:We have no negative information at hand.
Type of ownership: Tenant
Address Kekulestr. 30
D 44579 Castrop-Rauxel
Land register documents were not available.
COMMERZBANK, 47002 DUISBURG
Sort. code: 35040038
BIC: COBADEFFXXX
Financial year: 01.01. - 31.12.
Share capital: EUR 101,000.00
The number of employees is not known.
Control and profit transfer agreement to:
RÜTGERS Germany GmbH
Kekulestr. 30
D 44579 Castrop-Rauxel
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.22 |
|
|
1 |
Rs.98.52 |
|
Euro |
1 |
Rs.77.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
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.