MIRA INFORM REPORT

Report No. :	348986
Report Date :	17.11.2015

IDENTIFICATION DETAILS

Name :	LANXESS ELASTOMERS B.V.

Registered Office :	Urmonderbaan 24 6167RD Geleen

Country :	Netherlands

Date of Incorporation :	07.05.1980

Com. Reg. No.:	14032465

Legal Form :	Private company

Line of Business :	Manufacture of synthetic rubber in primary forms Wholesale of basic and industrial chemicals

No. of Employees :	260

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No Complaints

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)

Netherlands

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

NETHERLANDS - ECONOMIC OVERVIEW

The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. Industry focuses on food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for food-processing and underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.

Source : CIA

Summary

Company name Lanxess Elastomers B.V.

Operative address Urmonderbaan 24

6167RD Geleen

Netherlands

Legal form Private company

Registration number KvK-nummer: 14032465

VAT-number 005198203

Contact information

Company name Lanxess Elastomers B.V.

Trade names Lanxess Elastomers B.V.

Operative address Urmonderbaan 24

6167RD Geleen

Netherlands

Correspondence address Postbus 185

6160AD Geleen

Netherlands

Telephone number 0467020690

Fax number 0467020650

Email address info@lanxess.nl

Website www.lanxess.nl

Registration

Registration number KvK-nummer: 14032465

Branch number 000019784422

VAT-number 005198203

Status Active

First registration company register 1980-08-06

Memorandum 1980-05-07

Establishment date 1980-05-07

Legal form Private company

Last proposed admendment 2013-12-30

Issued placed capital EUR 30.403.274

Paid up share capital EUR 30.403.274

Activities

SBI 2017: Manufacture of synthetic rubber in primary forms

46751: Wholesale of basic and industrial chemicals

Exporter No

Importer No

Goal Werkzaam te zijn op het terrein van de chemische industrie, in het bijzonder de ontwikkeling van, produktie van, alsmede de handel in elastomeren en aanverwante produkten, grond- en hulpstoffen.

Relations

Shareholders Lanxess Buna GmbH

Paul Baumann Strasse 1

45772 Marl

Germany

Percentage: 100%

Shareholders Naam: Lanxess Buna GmbH

Bezoekadres: Paul Baumann Strasse , 1, 45772 Marl, Bondsrepubliek Duitsland

Ingeschreven in: Handelsregister Gelsenkirchen, Bondsrepubliek Duitsland onder nummer

5912

Enig aandeelhouder sedert: 02-05-2011 (datum registratie: 09-05-2011)

Liability statements Foreign entity

date of issue: 2011-11-18

Starting date: 2011-11-18

Bank details

Accounts ABN Amro Bank NV

Account number: 57.80.15.749

BIC: ABNANL2A

Management

Active management C.A.M.J. Widdershoven Christian Antoine Marie Jean-P

Netherlands

Competence: Fully authorized

Function: Managing Director

Starting date: 2015-01-01

Date of birth: 1973-02-26, Sittard, NL

H.W.J. Habets Hubertus Wilhelmus Johanna

Netherlands