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Report No. : |
354316 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
UMICORE AG & CO. KG |
|
|
|
|
Registered Office : |
Rodenbacher Chaussee 4, D 63457 Hanau,
Post Box:1345, D 63403 Hanau |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
31.10.1955 |
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|
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|
Com. Reg. No.: |
HRA 92422 |
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|
|
|
Legal Form : |
Limited partnership with public limited company as gen. part |
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|
|
|
Line of Business : |
·
Wholesale
of Metals and Metal Ores ·
Management
of Holding Companies |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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 5.2% in 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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. The German economy suffers
from low levels of investment, and a government plan to invest 15 billion euros
2016-18, largely in infrastructure, is intended to spur needed private
investment. 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 plans to replace nuclear power with renewable energy, which
accounted for 27.8% of gross electricity consumption in 2014, up from 9% in
2000. 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. Extremely low inflation, caused largely by low global
energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
UMICORE
AG & CO. KG
Company Status: active
Rodenbacher Chaussee 4
D 63457 Hanau
Post Box:
1345, D 63403 Hanau
Telephone:06181/592123
Telefax: 06181/596670
Homepage: www.umicore.de
E-mail: info@eu.umicore.com
VAT no.: DE119066058
Business relations are permissible.
LEGAL FORM Limited partnership with public limited company as gen. part
Date of foundation: 31.10.1955
Registered on: 07.12.2006
Register of
companies: Local
court 63450 Hanau
under: HRA
92422
EUR
21,950,000.00
Limited partner:
Umicore Holding 1 Germany
GmbH
Rodenbacher Chaussee 4
D 63457 Hanau
Legal form: Private
limited company
Share capital: EUR
90,025,000.00
Share: EUR 19,755,000.00
Registered on: 12.05.2005
Reg. data: 63450 Hanau, HRB
91434
Limited partner:
Umicore Holding 2 Germany
GmbH
Rodenbacher Chaussee 4
D 63457 Hanau
Legal form: Private
limited company
Share capital: EUR
10,025,000.00
Share: EUR 2,195,000.00
Registered on: 25.07.2005
Reg. data: 63450 Hanau,
HRB 91488
General partner:
Umicore Management AG
Rodenbacher Chaussee 4
D 63457 Hanau
Legal form: Public
limited company
Share capital: EUR 425,000.00
Registered on: 04.01.2002
Reg. data: 63450 Hanau,
HRB 7200
Shareholder:
Umicore AG & Co. KG
Rodenbacher Chaussee 4
D 63457 Hanau
Post Box:
1345, D 63403 Hanau
Legal form: Limited
partnership with public
limited company as gen.
part
Total cap. EUR 21,950,000.00
contribution:
Share: 100.000 %
Registered on: 07.12.2006
Reg. data: 63450 Hanau,
HRA 92422
Member of the Board of Directors:
Dr. Bernhard Fuchs
D 60311 Frankfurt
born: 02.09.1968
President of the Supervisory Board:
Marc Grynberg
D 63450 Hanau
Marital status: unknown
Member of the Supervisory Board:
Marc van Sande
D 63450 Hanau
Marital status: unknown
Member of the Supervisory Board:
Filip Platteeuw
B - Laarne
Nationality:
Belgian
Proxy:
Torsten Warwas
Vogelsbergstr. 17
D 63579 Freigericht
authorized to jointly
represent the company
born: 03.01.1962
Proxy:
Rene Schönberger
Obere Fallermühle 2
D 63796 Kahl
authorized to jointly
represent the company
born: 30.05.1967
Marital status: unknown
Proxy:
Ingo Kleinwächter
D 63450 Hanau
authorized to jointly
represent the company
born: 26.05.1955
Proxy:
Dr. Egbert Lox
D 63450 Hanau
authorized to jointly
represent the company
born: 16.10.1959
Proxy:
Michael Neisel
D 61169 Friedberg
authorized to jointly represent the company
born: 12.01.1961
Proxy:
Herbert Disselkamp
D 64732 Bad König
authorized to jointly
represent the company
born: 15.05.1955
Proxy:
Dr. Ralf Kulemeier
D 63571 Gelnhausen
authorized to jointly
represent the company
born: 25.05.1961
Proxy:
Dr. Jürgen Leyrer
D 79618 Rheinfelden
authorized to jointly
represent the company
born: 01.08.1959
Proxy:
Ralf Sesselmann
D 63691 Ranstadt
authorized to
jointly represent the company
born: 13.05.1960
Marital status: unknown
Proxy:
Dr. Lothar Mußmann
Ludwigstr. 11
D 63067 Offenbach
authorized to jointly
represent the company
born: 23.09.1965
Profession: Businessman
Marital status: unknown
Proxy:
Pascal Reymondet
D 60316 Frankfurt
authorized to jointly
represent the company
born: 10.01.1959
Proxy:
Dr. Jens Blechschmidt
D 61348 Bad Homburg
authorized to jointly represent the
company
born: 17.02.1967
Proxy:
Dr. Hartmut Schmoor
D 63739 Aschaffenburg
authorized to jointly
represent the company
born: 26.05.1963
Proxy:
Uta Cornelius
D 63457 Hanau
authorized to jointly
represent the company
born: 09.06.1965
Proxy:
Thorsten Rieke
D 63517 Rodenbach
born: 07.05.1961
Proxy:
Gerald Jeske
D 63543 Neuberg
born: 17.01.1959
Proxy:
Hartmut Pitschmann
D 69469 Weinheim
authorized to jointly
represent the company
born: 14.01.1953
Proxy:
Jörg von Roden
D 63755 Alzenau
born: 28.01.1964
Proxy:
Franz-Josef Kron
D 63543 Neuberg
authorized to jointly
represent the company
born: 20.02.1966
Proxy:
Dr. Friedhelm Koch
D 63457 Hanau
authorized to jointly
represent the company
born: 11.06.1955
Proxy:
Dr. Ulrich Graf
D 64853 Otzberg
authorized to jointly
represent the company
born: 25.12.1964
Proxy:
Bernd Raab
D 63303 Dreieich
authorized to jointly
represent the company
born: 23.10.1960
Proxy:
Dr. Matthias Grehl
D 63773 Goldbach
authorized to jointly
represent the company
born: 08.06.1965
Proxy:
Dr. Christian Hagelüken
Greifenhagenstr. 10
D 63457 Hanau
authorized to jointly
represent the company
born: 10.08.1957
Proxy:
Michael Lachmann
D 60308 Frankfurt
authorized to jointly
represent the company
born: 31.03.1969
Proxy:
Stefan Käßler
Adolf-Amberg-Str. 9
D 63579 Freigericht
authorized to jointly
represent the company
born: 18.09.1985
Proxy:
Dr. Klaus Zimmermann
D 63755 Alzenau
authorized to jointly
represent the company
born: 26.09.1954
Proxy:
Dr. Frank Heringhaus
D 63825 Blankenbach
authorized to jointly
represent the company
born: 17.09.1966
Proxy:
Geert Defieuw
B Bonheiden
authorized to jointly
represent the company
born: 02.05.1963
Nationality: Belgian
Proxy:
Thomas Gress
Annemarie-Jacob-Str. 18
D 65795 Hattersheim
authorized to jointly
represent the company
born: 01.07.1969
Proxy:
Hélène Lecoeur
F Taverny
born: 11.10.1957
Nationality: French
Proxy:
Dr. Ralf Karch
D 63801 Kleinostheim
authorized to jointly
represent the company
born: 09.03.1967
Proxy:
Harald Jesswein
D 63477 Maintal
authorized to jointly
represent the company
born: 29.09.1961
Proxy:
Dr. Michael Hoffmann
D 63739
Aschaffenburg
authorized to jointly
represent the company
born: 08.04.1961
Proxy:
Carsten Neumann
D 60306 Frankfurt
authorized to jointly
represent the company
born: 18.12.1971
Proxy:
Wolfgang Hasselmann
D 79618 Rheinfelden
authorized to jointly
represent the company
born: 14.06.1961
Proxy:
Andreas Koffler
D 61130 Nidderau
authorized to jointly
represent the company
born: 18.03.1970
Proxy:
Dr. Marcus Pfeifer
D 42651 Solingen
authorized to jointly
represent the company
born: 21.02.1969
Proxy:
Dr. Lutz Marc Ruwisch
D 64283 Darmstadt
authorized to jointly represent the
company
born: 18.08.1966
Marital status: unknown
Proxy:
Geon-Seog Son
D 61462 Königstein
authorized to jointly
represent the company
born: 08.01.1969
Proxy:
Udo Schühlein
D 79650 Schopfheim
authorized to jointly
represent the company
born: 08.08.1965
Proxy:
Dr. Sven Jantzen
D 60265 Frankfurt
authorized to jointly
represent the company
born: 09.01.1967
Proxy:
Dr. Wieland Schmidt
D 63517 Rodenbach
authorized to jointly
represent the company
born: 19.06.1958
Proxy:
Dr. Jürgen Gieshoff
D 63571 Gelnhausen
born: 28.09.1958
Marital status: unknown
Proxy:
Karl-Heinz Glück
D 60310 Frankfurt
born: 29.02.1960
Marital status: unknown
Proxy:
Michael Harris
D 79618 Rheinfelden
born: 31.01.1962
Marital status: unknown
Proxy:
Jens-Uwe Heitsch
D 63303 Dreieich
born: 08.03.1969
Marital status: unknown
Proxy:
Walter Herting
D 67346 Speyer
born: 27.02.1961
Marital status: unknown
Proxy:
Dr. Dieter Lindner
D 63454 Hanau
born: 04.03.1961
Marital status: unknown
Proxy:
Wilfried Müller
D 61184 Karben
born: 01.10.1964
Marital status: unknown
Proxy:
Dr. Ralph Kießling
D 63796 Kahl
authorized to jointly
represent the company
born: 10.04.1965
Proxy:
Michael Weis
D 63688 Gedern
authorized to jointly
represent the company
born: 17.09.1961
Proxy:
Andreas Tiefenbacher
D 74321
Bietigheim-Bissingen
authorized to jointly
represent the company
born: 18.11.1966
31.10.1955 - 05.01.1956 Metall-Dinslaken Dr.-Ing. Georg Weddige
D 46535 Dinslaken
Sole proprietorship
06.01.1956 - 27.02.1998 Metall-Dinslaken Dr.-Ing. Georg Weddige
GmbH & Co.
Kommanditgesellschaft
Thyssenstr. 78
D 46535 Dinslaken
Ltd partnership with
priv. ltd. company
as general partner
28.02.1998 - 06.12.2006 Metall Dinslaken Dr.-Ing. Georg Weddige
GmbH & Co. KG (AG
Essen, HRA 6746)
Hafenstr. 280
D 45356 Essen
Ltd partnership with
priv. ltd. company
as general partner
07.12.2006 - 24.01.2007 Metall Dinslaken GmbH & Co. KG
Rodenbacher
Chaussee 4
D 63457 Hanau
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
4672 Wholesale
of metals and metal ores
70101
Management of holding companies
Secondary industrial sector
64200
Activities of holding companies
Branch:
Umicore AG & Co. KG
Untere Kanalstr. 3
D 79618 Rheinfelden
TEL.: 07623/9101
Branch:
Umicore AG & Co. KG
Trottäcker 48
D 79713 Bad Säckingen
Shareholder:
Umicore Metalle &
Oberflächen GmbH
Gladbecker Str. 413
D 45326 Essen
Post Box:
45 01 45
Legal form: Private
limited company
Company Status: active
Share capital: EUR 1,183,000.00
Share: EUR 1,183,000.00
Reg. data: 16.01.2001
Local court
45130 Essen
HRB 10317
Shareholder:
Umicore Bausysteme GmbH
Gladbecker Str. 413
D 45326 Essen
Post Box:
45 01 45
Legal form: Private
limited company
Company Status: active
Share capital: EUR 500,000.00
Share: EUR 500,000.00
Reg. data: 13.08.2007
Local court
45130 Essen
HRB 20050
Shareholder:
Umicore Management AG
Rodenbacher Chaussee 4
D 63457 Hanau
Legal form: Public
limited company
Company Status: active
Share capital: EUR 425,000.00
Share: 100.000 %
Reg. data: 04.01.2002
Local court
63450 Hanau
HRB 7200
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Rodenbacher
Chaussee 4
D 63457 Hanau
Real Estate of: Umicore
Management AG
Type of ownership: Tenant
Address Rodenbacher
Chaussee 4
D 63457 Hanau
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 60613
FRANKFURT AM MAIN
Sort. code: 50080000, Account no.: 90612800
BIC:
DRESDEFFXXX, IBAN: DE85500800000090612800
Further bank
CHASE MANHATTAN BANK, N.A., NEW YORK,NY
Account no.: 400216965
BIC: CHASUS33XXX
Financial year: 01.01. - 31.12.
The number of employees is not known.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.85 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.73.16 |
|
EUR |
1 |
Rs.72.33 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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.