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Report No. : |
333663 |
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Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ACTEGA COLORCHEMIE GMBH |
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Registered Office : |
Industriestr. 36 D 63654 Büdingen |
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Country : |
Germany |
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Date of Incorporation : |
26.07.1978 |
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Com. Reg. No.: |
HRB 3245 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of paints, varnished and similar
coatings, printing inks and mastics · Wholesale of chemical products · Activities of holding companies |
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No. of Employee : |
Not Available |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 |
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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, 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 |
ACTEGA
COLORCHEMIE GMBH
Company Status: active
Industriestr. 36
D
63654 Büdingen
Telephone:06042/96190
Telefax: 06042/961990
E-mail: info.actega.colorchemie@altana.com
VAT no.: DE113447512
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 26.07.1978
Shareholders'
agreement: 26.07.1978
Registered on: 21.06.1979
Commercial Register: Local court 61169 Friedberg
under: HRB
3245
EUR 130,000.00
Shareholder:
ACTEGA
GmbH
Abelstr. 43
D
46483 Wesel
Legal
form: Private limited company
Share
capital: EUR 23,100,000.00
Share: EUR 130,000.00
Registered on: 08.11.2001
Reg.
data: 47051 Duisburg, HRB 11582
Profit
transfer agreement
Manager:
Dr. Roland Peter
Am
Neuen Busch 6
D
46485 Wesel
born:
13.03.1957
Profession: Fully qualified chemist
Manager:
Dr.
Wolfgang Josten
D 86150 Augsburg
born:
20.07.1965
Proxy:
Roland
Geiselhart
D
77797 Ohlsbach
authorized to jointly represent the company
born:
02.02.1961
Proxy:
Anne
Gradl
D
60306 Frankfurt
authorized to jointly represent the company
born:
26.05.1978
Further functions/participations of Dr. Roland
Peter (Manager)
Manager:
ACTEGA
Terra GmbH
Industriestr. 12
D
31275 Lehrte
Legal
form: Private limited company
Share
capital: EUR 250,000.00
Registered
on: 07.02.1992
Reg.
data: 31134 Hildesheim, HRB 35302
Manager:
ACTEGA
DS GmbH
Straubinger Str. 12
D 28219 Bremen
Post
Box:
10 77
01, D 28077 Bremen
Legal
form: Private limited company
Share
capital: EUR 520,000.00
Registered
on: 29.05.1957
Reg.
data: 28195 Bremen, HRB 3527 HB
Manager:
ACTEGA
Rhenania GmbH
Rhenaniastr. 29-37
D
41516 Grevenbroich
Legal form: Private limited company
Share
capital: EUR 1,000,000.00
Registered
on: 24.07.2001
Reg.
data: 41061 Mönchengladbach, HRB 8016
Manager:
ACTEGA
GmbH
Abelstr. 43
D
46483 Wesel
Legal
form: Private limited company
Share
capital: EUR 23,100,000.00
Registered
on: 08.11.2001
Reg.
data: 47051 Duisburg, HRB 11582
26.07.1978 -
31.12.1987 Color Chemie -Druckfarben
GmbH
Am
Seeweg 20
D 63674 Altenstadt
Private limited company
01.01.1988 -
06.07.2011 Color Chemie -Druckfarben
GmbH
Industriestr. 36
D
63654 Büdingen
Private limited company
05.02.2010 -
16.01.2013 Manager
Dr. Eugen Sorg
A
- Linz
02.08.2011 -
09.11.2012 Manager
Dr.rer.nat. Guido Forstbach
D
47623 Kevelaer
Main industrial sector
20300 Manufacture of paints, varnished and similar
coatings,
printing inks and mastics
46750 Wholesale of
chemical products
Secondary industrial sector
6420 Activities of holding companies
Branch:
ACTEGA
Colorchemie GmbH
Seeweg
3
D
63654 Büdingen
Payment experience: cash discount/within agreed terms
Negative information:We
have no negative information at hand.
Type of ownership: Tenant
Address Industriestr. 36
D
63654 Büdingen
Land register documents
were not available.
Principal bank
VR BANK
MAIN-KINZIG-BÜDINGEN, 63505 LANGENSELBOLD
Sort. code: 50661639
BIC: GENODEF1LSR
Further bank
SPARKASSE OBERHESSEN, 63654
BÜDINGEN, HESS
Sort. code: 51850079
BIC: HELADEF1FRI
Financial year: 01.01. - 31.12.
Share capital: EUR 130,000.00
The number of employees is
not known.
Profit transfer agreement
to:
ACTEGA
GmbH
Abelstr. 43
D 46483 Wesel
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.