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Report No. : |
313638 |
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Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
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Name : |
INEOS SOLVENTS GERMANY GMBH |
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Registered Office : |
Römerstr. 733 D 47443 Moers |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
28.11.2013 |
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Com. Reg. No.: |
HRB 12696 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
35 |
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 : |
Relatively new business |
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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) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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.
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Source
: CIA |
INEOS
SOLVENTS GERMANY GMBH
Company Status: active
Römerstr. 733
D 47443 Moers
Telephone:02841/49-0
Telefax: 02841/492423
Homepage: www.ineos.com
E-mail: info@ineos.com
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 28.11.2013
Begin of business
activities: 01.06.2014
Shareholders'
agreement: 28.11.2013
Registered on: 17.03.2014
Commercial Register: Local court
47533 Kleve
under: HRB 12696
EUR
25,000.00
Shareholder:
INEOS Invetments SA
Avenue des Uttins 3
CH 1180 Rolle
Legal form: Other legal
form
Share: EUR 25,000.00
Manager:
Wolf Hänel
Gustav-Stresemann-Str. 54
D 45966 Gladbeck
having sole power of
representation
born: 24.04.1966
Profession: Businessman
Manager:
Ashley Julian Reed
CH Ecublens
having sole power of
representation
born: 20.10.1956
Nationality: Swiss
Further functions/participations of Ashley Julian
Reed (Manager)
Manager:
INEOS Styrenics
Manufacturing GmbH
Paul-Baumann-Str. 1
D 45772 Marl
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 21.11.2005
Reg. data: 45879 Gelsenkirchen, HRB 8394
Manager:
INEOS Styrenics Germany
GmbH
Paul-Baumann-Str. 1
D 45772 Marl
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 02.01.2006
Reg. data: 45879 Gelsenkirchen, HRB 8439
05.12.2013 - 05.12.2013 Blitz F13-acht-vier GmbH
D 60306 Frankfurt
Private limited
company
06.12.2013 - 06.03.2014 Blitz F13-acht-vier GmbH
Theresienhöhe 30
D 80339 München
Private limited
company
06.03.2014 - 17.03.2014 INEOS Solvents Germany GmbH
Börsenstr. 1 c/o
Noerr LLP
D 60313 Frankfurt
Private limited
company
17.03.2014 - 07.05.2014 INEOS Solvents Germany GmbH
Börsenstr. 1
D 60313 Frankfurt
Private limited
company
18.12.2013 - 06.03.2014 Manager
Katja Gogalla
D 80687 München
18.12.2013 - 06.03.2014 Manager
Randi Mette
Selnes
D 80339 München
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
4675
Wholesale of chemical products
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Balance
sheet year: 2013
The depth of balance sheet suggests that the
company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it is possible that the resultant reduction of
the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
Type of ownership: Tenant
Address Römerstr. 733
D 47443
Moers
Real Estate of: Wolf Hänel
Type of ownership: Tenant
Address Gustav-Stresemann-Str. 54
D 45966
Gladbeck
Land register documents were not available.
DEUTSCHE
BANK PRIVAT UND GESCHÄFTSKUNDEN, 60254 FRANKFURT AM MAIN
Sort. code: 50070024
BIC: DEUTDEDBFRA
DEUTSCHE BANK, 47404 MOERS
Sort. code: 35070030
BIC: DEUTDEDE350
Expected turnover: EUR 10,000,000.00
Employees:
35
Balance sheet ratios 28.11.2013 -
31.12.2013(1)
Equity ratio [%]: 100.00
Liquidity ratio: 10.00
(1) The depth of balance sheet suggests that
the company, as a
so-called micro-entity in accordance with art.
267a German
Commercial Code, has availed itself of the
facilitations of the
German Micro-Entities Amending Account Law
(MicBilG) This is why
it
is possible that the resultant reduction of the depth of
presentation in the annual accounts may entail
deviating
calculation methods of the respective balance
sheet ratios and
thus to an altered Solvency Rating [NG] and/or
balance sheet
grade.
Equity ratio
The equity ratio indicates the portion of the
equity as compared
to the total capital. The higher the equity
ratio, the better the
economic stability (solvency) and thus the
financial autonomy of
a company.
Liquidity
ratio
The liquidity ratio shows the proportion
between adjusted
receivables and net liabilities. The higher
the ratio, the lower
the company's financial dependancy from
external creditors.
Type of
balance
sheet: micro balance sheet
Financial
year: 28.11.2013 - 31.12.2013 (2)
ASSETS EUR 11,380.27
Current assets
EUR 11,380.27
LIABILITIES EUR 11,380.27
Shareholders' equity EUR 11,380.27
(2) The abbreviated depth of presentation of
the annual accounts
may be atributed to application of regulations
within the German
Micro-Entities Amending Accounting Law.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.91.46 |
|
Euro |
1 |
Rs.66.34 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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 |
-- |
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.