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Report No. : |
325930 |
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Report Date : |
11.06.2015 |
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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Com. Reg. No.: |
HRB 16999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Manufacture of other organic basic chemicals · Wholesale of chemical products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 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. 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 accounts for 34% of total energy consumption, 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.
|
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
Business relations are permissible.
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:
Markus Dieter Jirmann
D 45770 Marl
born: 24.03.1965
Manager:
Dr. Christoph Börner
D 52134 Herzogenrath
born: 23.06.1968
Proxy:
Dirk Ritterbach
Kommerweg 9
D 41352 Korschenbroich
authorized to jointly
represent the company
born: 28.09.1970
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 Markus
Dieter Jirmann
(Manager)
Manager:
RÜTGERS Basic Aromatics
GmbH
Kekulestr. 30
D 44579
Castrop-Rauxel
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 17.06.2010
Reg. data:
44135 Dortmund, HRB 23064
Manager:
RÜTGERS InfraTec GmbH
Kekulestr. 30
D 44579 Castrop-Rauxel
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 18.06.2010
Reg. data: 44135 Dortmund, HRB 23069
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
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.63.88 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
-- |
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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.