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Report No. : |
351385 |
|
Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MOMENTIVE PERFORMANCE MATERIALS GMBH |
|
|
|
|
Registered Office : |
Kaiser-Wilhelm-Allee 12, Chempark
Gebäude V7, D 51373 Leverkusen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
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|
|
|
Date of Incorporation : |
08.03.2006 |
|
|
|
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Com. Reg. No.: |
HRB 59616 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
· Manufacture of other chemical products · Wholesale of chemical products ·
Other
research and experimental development on natural sciences and engineering |
|
|
|
|
No. of Employees : |
664 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 |
MOMENTIVE PERFORMANCE MATERIALS GMBH
Company Status: active
Kaiser-Wilhelm-Allee 12
Chempark Gebäude V7
D 51373 Leverkusen
Telephone:0214/3020046
Telefax:
0214/3035567
Homepage: www.momentive.com
VAT
no.: DE814824920
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 08.03.2006
Begin of business
activities: 08.02.2007
Shareholders'
agreement: 15.05.2006
Registered on: 30.01.2007
Commercial Register: Local court 50939 Köln
under: HRB 59616
Share capital: EUR 16,001,000.00
Shareholder:
Momentive Performance
Materials Worldwide
LLC
260 Hudson River Road
USA 12188 Waterford
Legal form: Other legal
form
Share: EUR 16,001,000.00
Manager:
Matthias-Sven Steiner
D 51427 Bergisch Gladbach
having sole power of
representation
born: 28.06.1966
Profession: Businessman
Marital status: unknown
Manager:
Dr. Robert Gnann
D 51427 Bergisch Gladbach
having sole power of
representation
born: 16.06.1964
Profession: Chemist
Manager:
Peter Carsten Bering
D 50667 Köln
having sole power of
representation
born: 18.06.1963
Manager:
George Knight
USA Westerville
having sole power of
representation
born: 18.02.1957
Nationality: USA
President of the Supervisory Board:
Ian Moore
USA - Waterford
Nationality: USA
Marital status: unknown
Proxy:
Rafael Winkelbach
D 51399 Burscheid
authorized to jointly
represent the company
born: 02.08.1967
Proxy:
Holger Albrecht
D 51427 Bergisch Gladbach
authorized to jointly
represent the company
born: 27.06.1965
Proxy:
Barbara Demmer
D 40210 Düsseldorf
authorized to jointly
represent the company
born: 08.01.1962
Proxy:
Karel DHulst
B Overijse
authorized to jointly
represent the company
born: 23.01.1968
Nationality: Belgian
Proxy:
Vincenzo Gatta
I Termoli
authorized to jointly
represent the company
born: 05.09.1968
Nationality: Italian
Proxy:
David Haley
D 53111 Bonn
authorized to jointly
represent the company
born: 27.06.1969
Further functions/participations of
Matthias-Sven Steiner
(Manager)
Manager:
Momentive Performance
Materials Quartz GmbH
Borsigstr. 1
D 21502 Geesthacht
Legal form: Private
limited company
Share capital: EUR 258,202.40
Registered
on: 18.12.1987
Reg. data: 23568 Lübeck, HRB 237 GE
Manager:
Momentive Performance
Materials Commercial
Services GmbH
Kaiser-Wilhelm-Allee
D 51373 Leverkusen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.08.2007
Reg. data: 50939 Köln, HRB 60985
Further functions/participations of Dr. Robert
Gnann (Manager)
Manager:
Momentive Performance
Materials Quartz GmbH
Borsigstr. 1
D 21502 Geesthacht
Legal form: Private
limited company
Share capital: EUR 258,202.40
Registered
on: 18.12.1987
Reg. data: 23568 Lübeck, HRB 237 GE
Manager:
Momentive Performance
Materials Commercial
Services GmbH
Kaiser-Wilhelm-Allee
D 51373 Leverkusen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.08.2007
Reg. data: 50939 Köln, HRB 60985
Further functions/participations of Peter
Carsten Bering
(Manager)
Manager:
Momentive Performance
Materials Quartz GmbH
Borsigstr. 1
D 21502 Geesthacht
Legal form: Private
limited company
Share capital: EUR 258,202.40
Registered
on: 18.12.1987
Reg. data: 23568 Lübeck, HRB 237 GE
Manager:
Momentive Performance
Materials Commercial
Services GmbH
Kaiser-Wilhelm-Allee
D 51373 Leverkusen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.08.2007
Reg. data: 50939 Köln, HRB 60985
Further functions/participations of George
Knight (Manager)
Manager:
Momentive Performance
Materials Quartz GmbH
Borsigstr. 1
D 21502 Geesthacht
Legal form: Private
limited company
Share capital: EUR 258,202.40
Registered
on: 18.12.1987
Reg. data: 23568 Lübeck, HRB 237 GE
Manager:
Momentive Performance
Materials Commercial
Services GmbH
Kaiser-Wilhelm-Allee
D 51373 Leverkusen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.08.2007
Reg. data: 50939 Köln, HRB 60985
08.03.2006 - 30.01.2007 Blitz 06-103 GmbH (AG München HRB
162439)
Bavariaring 29
D 80336 München
Private limited
company
15.08.2012 -
23.09.2014 Manager
Arnoldus Wilhelmus
Maria Mertens
NL Uden
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
4675
Wholesale of chemical products
7219
Other research and experimental development on natural sciences and
engineering
Shareholder:
Momentive Performance
Materials Quartz GmbH
Borsigstr. 1
D 21502 Geesthacht
Legal form: Private
limited company
Company Status: active
Share capital: EUR 258,202.40
Share: EUR 258,202.40
Reg. data: 18.12.1987
Local court
23568 Lübeck
HRB 237 GE
Shareholder:
Momentive Performance
Materials Commercial
Services GmbH
Kaiser-Wilhelm-Allee
D 51373 Leverkusen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 03.08.2007
Local court
50939 Köln
HRB 60985
Payment experience: within periods customary in this trade
Negative information: We have no negative
information at hand.
Balance sheet year: 2014
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Type of ownership: Tenant
Address Kaiser-Wilhelm-Allee 12 Chempark
Gebäude V7
D 51373
Leverkusen
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 51373 LEVERKUSEN
Sort. code: 37570064
BIC: DEUTDEDK375
Further bank
DEUTSCHE BANK FILIALE, 60254 FRANKFURT AM MAIN
Sort. code: 50070010
BIC: DEUTDEFFXXX
Turnover: 2013 EUR 579,286,533.00
2014 EUR 653,822,943.00
Profit: 2013 EUR -183,499,348.00
2014 EUR -101,232,487.00
further business figures:
Ac/ts receivable: EUR 170,667,442.00
Liabilities: EUR 493,464,291.00
Employees: 664
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 7.47
Liquidity ratio: 0.36
Return on total capital [%]: -15.12
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: -3.79
Liquidity ratio: 0.34
Return on total capital [%]: -24.84
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 4.05
Liquidity ratio: 0.25
Return on total capital [%]: -10.57
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 2.14
Liquidity ratio: 0.29
Return on total capital [%]: -1.54
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.
RETURN ON TOTAL CAPITAL
The
return on total capital shows the efficiency and return on
the
total capital employed in the company. The higher the return
on
total capital, the more economically does the company work
with the invested capital.
Type of balance sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 731,049,400.00
Fixed assets
EUR 450,270,508.00
Intangible assets
EUR 218,358,126.00
Concessions, licences, rights
EUR 123,118,770.00
Goodwill
EUR 95,239,356.00
Tangible assets
EUR 94,534,102.00
Land / similar rights EUR 2,176,196.00
Plant / machinery
EUR 68,752,856.00
Advance payments made / construction
in progress
EUR 23,605,050.00
Financial assets
EUR 137,378,280.00
Shares in participations /
subsidiaries and the like
EUR 137,378,280.00
Shares in related companies
EUR 137,378,280.00
Current assets
EUR 279,610,142.00
Stocks EUR 83,545,528.00
Raw materials, consumables and
supplies
EUR 12,450,538.00
Finished goods / work in progress
EUR 71,094,990.00
Accounts receivable EUR 170,667,442.00
Trade debtors
EUR 59,275,729.00
Amounts due from related companies
EUR 103,736,337.00
Other debtors and assets
EUR 7,655,376.00
Liquid means
EUR 25,397,172.00
Remaining other assets
EUR 1,168,750.00
Accruals (assets)
EUR 769,411.00
Active difference from asset
offsetting EUR 399,339.00
LIABILITIES EUR 731,049,400.00
Shareholders' equity
EUR 142,757,752.00
Capital
EUR 16,001,000.00
Subscribed capital (share capital)
EUR 16,001,000.00
Reserves
EUR 620,092,082.00
Capital reserves
EUR 620,092,082.00
Balance sheet profit/loss (+/-)
EUR -493,335,330.00
Profit
/ loss brought forward EUR -392,102,843.00
Annual surplus / annual deficit
EUR -101,232,487.00
Provisions
EUR 94,827,357.00
Pension provisions and comparable
provisions EUR 62,179,764.00
Provisions for taxes
EUR 834,690.00
Other / unspecified provisions
EUR 31,812,903.00
Liabilities
EUR 493,464,291.00
Other liabilities
EUR 493,464,291.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 25,478,350.00
Liabililties due to related companiesEUR 466,472,878.00
Unspecified other liabilities
EUR 1,513,063.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales
EUR 653,822,943.00
Manufacturing costs
EUR 618,775,573.00
Gross result on sales
EUR 35,047,370.00
Distribution costs
EUR 53,518,237.00
General administration expenses
EUR 32,902,955.00
Other operating income
EUR 10,674,281.00
Other operating expenses
EUR 7,372,548.00
Operating result from continuing
operations
EUR -48,072,089.00
Result from participating interests
(+/-) EUR 9,165,155.00
Expenses / income from participations EUR 9,165,155.00
Income from related companies
EUR 9,165,155.00
Interest result (+/-)
EUR -15,586,703.00
Interest
and similar income EUR 5,678,209.00
thereof from related companies
EUR 5,311,000.00
Interest and similar expenses
EUR 21,264,912.00
thereof paid to related companies
EUR 18,809,000.00
Other financial result
EUR -41,262,461.00
Depreciation on financial assets and
marketable securities
EUR 41,262,461.00
Financial result (+/-)
EUR -47,684,009.00
Result from ordinary operations (+/-)
EUR -95,756,098.00
Expenses for transfer of profits to a
parent company
EUR 5,115,866.00
Income tax / refund of income tax (+/-)EUR -206,787.00
Other taxes / refund of taxes
EUR -153,736.00
Tax
(+/-)
EUR -360,523.00
Annual surplus / annual deficit
EUR -101,232,487.00
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 847,710,740.00
Fixed assets
EUR 535,914,177.00
Intangible assets
EUR 237,310,517.00
Concessions, licences, rights
EUR 128,319,023.00
Goodwill
EUR 108,991,494.00
Tangible assets
EUR 101,214,426.00
Land / similar rights
EUR 2,270,949.00
Plant / machinery
EUR 78,784,460.00
Advance payments made / construction
in progress
EUR 20,159,017.00
Financial assets
EUR 197,389,234.00
Shares in participations /
subsidiaries and the like
EUR 197,389,234.00
Shares in related companies
EUR 197,389,234.00
Current assets EUR 310,661,459.00
Stocks
EUR 69,978,345.00
Raw materials, consumables and
supplies
EUR 8,276,187.00
Finished goods / work in progress
EUR 61,702,158.00
Accounts receivable
EUR 228,702,658.00
Trade debtors
EUR 53,470,076.00
Amounts due from related companies
EUR 168,404,920.00
Other debtors and assets EUR 6,827,662.00
Liquid means
EUR 11,980,456.00
Remaining other assets
EUR 1,135,104.00
Accruals (assets)
EUR 876,198.00
Active difference from asset
offsetting
EUR 258,906.00
LIABILITIES EUR 847,710,740.00
Shareholders' equity
EUR 80,990,238.00
Capital
EUR 16,001,000.00
Subscribed capital (share capital)
EUR 16,001,000.00
Reserves
EUR 457,092,082.00
Capital reserves
EUR 457,092,082.00
Balance
sheet profit/loss (+/-) EUR -392,102,844.00
Profit / loss brought forward
EUR -208,603,496.00
Annual surplus / annual deficit
EUR -183,499,348.00
Provisions
EUR 82,246,767.00
Pension provisions and comparable
provisions
EUR 52,737,467.00
Provisions for taxes
EUR 635,278.00
Other / unspecified provisions
EUR 28,874,022.00
Liabilities
EUR 684,473,735.00
Financial debts
EUR 34,112,600.00
Liabilities due to banks
EUR 34,112,600.00
Other liabilities
EUR 650,361,135.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 32,140,807.00
Liabililties due to related companiesEUR 616,671,289.00
Unspecified other liabilities
EUR 1,549,039.00
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code
(HGB)
Sales
EUR 579,286,533.00
Manufacturing costs
EUR 558,047,595.00
Gross result on sales
EUR 21,238,938.00
Other operating income
EUR 7,216,113.00
Other operating expenses
EUR 101,895,652.00
Operating result from continuing
operations
EUR -73,440,601.00
Result
from participating interests
(+/-)
EUR 12,920,756.00
Expenses / income from participations EUR 12,920,756.00
Income from transfer of profits
EUR 5,746,349.00
Income from related companies
EUR 7,174,407.00
Interest result (+/-)
EUR -48,646,915.00
Interest and similar income
EUR 638,017.00
thereof from related companies
EUR 629,577.00
Interest and similar expenses
EUR 49,284,932.00
thereof paid to related companies
EUR 46,131,229.00
Other financial result
EUR -73,358,000.00
Depreciation on financial assets and
marketable securities
EUR 73,358,000.00
Financial result (+/-)
EUR -109,084,159.00
Result from ordinary operations (+/-)
EUR -182,524,760.00
Income tax / refund of income tax (+/-)EUR -825,628.00
Other taxes / refund of taxes
EUR -148,960.00
Tax
(+/-)
EUR -974,588.00
Annual surplus / annual deficit
EUR -183,499,348.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.