|
Report No. : |
342922 |
|
Report Date : |
02.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
COVESTRO
DEUTSCHLAND AG |
|
|
|
|
Registered Office : |
Kaiser-Wilhelm-Allee
60, D 51373 Leverkusen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Date of Incorporation : |
24.01.2002 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
·
Wholesale of
chemical products
|
|
|
|
|
No. of Employee : |
118.888 |
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 |
|
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) |
|
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 |
COVESTRO
DEUTSCHLAND AG
Company
Status: active
Kaiser-Wilhelm-Allee 60
D 51373 Leverkusen
Telephone:0214/60092000
Homepage: www.materialscience.bayer.com
E-mail:
info@bayerbms.com
VAT
no.: DE813385809
Business relations are permissible.
LEGAL FORM Public
limited company
Date of foundation: 24.01.2002
Begin of business
activities: 24.01.2002
Registered on: 08.04.2002
Commercial Register: Local court 50939 Köln
under: HRB
49892
EUR
100,000,000.00
Dr. Klaus Schäfer
D 41539 Dormagen
having sole power of
representation
born: 02.09.1962
Member of the Board of Directors:
Frank
Helmut Lutz
Walhallastr. 43
D 80639 München
having sole power of representation
born: 14.12.1968
Marital status: unknown
Member of the Board of Directors:
Patrick W. Thomas
D 40210 Düsseldorf
having sole power of
representation
born: 30.09.1957
Member of the Board of Directors:
Dr. Markus Steilemann
D 41061 Mönchengladbach
having sole power of
representation
born: 30.04.1970
Dr.rer.nat. Richard Pott
D 51371 Leverkusen
born: 11.05.1953 in
Leverkusen-Opladen
Profession: Physicist
Marital status: married
Petra
Kronen
D 47798 Krefeld
born: 22.08.1946 in
Krefeld
Profession: specialised chemist
Dr. Stephan Semrau
D 40210 Düsseldorf
born: 30.05.1971
Marital status:
single
Member of the Supervisory Board:
Johannes
Dietsch
D 42929 Wermelskirchen
born: 02.01.1962 in
Wermelskirchen/Rheinland
Profession: Economic assistant
Marital status: married
Member of the Supervisory Board:
Prof.
Dr. Rolf Nonnenmacher
D 83546 Berg
Member of the Supervisory Board:
Dr.
Hartmut Klusik
D 51377 Leverkusen
born: 30.07.1956
Marital status: unknown
Member of the Supervisory Board:
Dr.
Rainer Schwarz
D 40210 Düsseldorf
born: 12.10.1961
Member of the Supervisory Board:
Dr.-Ing.
Thomas Fischer
D 47829 Krefeld
born: 27.08.1955 in Olpe
Profession: Economic
engineer
Member of the Supervisory Board:
Michael Mostert
D 31249 Hohenhameln
Marital status: unknown
Member of the Supervisory Board:
Sabine Wirtz
D 51491 Overath
Marital status: unknown
Member of the Supervisory Board:
Irena Küstner
D 51371 Leverkusen
Marital status: unknown
Further
functions/participations of Dr. Klaus Schäfer (Member of
the
Board of Directors)
Member of the Board of Directors:
Covestro
AG
Kaiser-Wilhelm-Allee 60
D 51373 Leverkusen
Legal form: Public limited company
Share capital: EUR 140,000,000.00
Registered
on: 24.08.2015
Reg. data: 50939
Köln, HRB 85281
Further
functions/participations of Frank Helmut Lutz (Member of
the
Board of Directors)
Shareholder:
NeuroCare
Group GmbH
Mittenwalder Str. 59
D 81377 München
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 2,100.00
Registered
on: 28.05.2014
Reg. data: 80333
München, HRB 212173
Member of the Board of Directors:
Covestro
AG
Kaiser-Wilhelm-Allee 60
D 51373 Leverkusen
Legal form: Public limited company
Share capital: EUR 140,000,000.00
Registered
on: 24.08.2015
Reg. data: 50939
Köln, HRB 85281
Member of the Supervisory Board:
Nordex
SE
Erich-Schlesinger-Str. 50
D 18059 Rostock
Legal form: European
Company (SE)
Share capital: EUR 80,882,447.00
Registered
on: 04.03.2010
Reg. data: 18057
Rostock, HRB 11500
Further functions/participations of Patrick W.
Thomas (Member of
the
Board of Directors)
Member of the Board of Directors:
Covestro AG
Kaiser-Wilhelm-Allee 60
D 51373 Leverkusen
Legal form: Public limited company
Share capital: EUR 140,000,000.00
Registered
on: 24.08.2015
Reg. data: 50939
Köln, HRB 85281
Further functions/participations of Dr. Markus
Steilemann (Member
of
the Board of Directors)
Member of the Board of Directors:
Covestro
AG
Kaiser-Wilhelm-Allee 60
D 51373 Leverkusen
Legal form: Public limited company
Share capital: EUR 140,000,000.00
Registered
on: 24.08.2015
Reg. data: 50939
Köln, HRB 85281
24.01.2002 - 05.12.2003 Bayer Polymers Aktiengesellschaft
Kaiser-Wilhelm-Allee
D 51373 Leverkusen
Public limited
company
05.12.2003 - 28.01.2009 Bayer MaterialScience Aktiengesellschaft
Chemiepark Leverkusen
1
D 51368 Leverkusen
Public limited company
28.01.2009
- 01.09.2015 Bayer MaterialScience
Aktiengesellschaft
Kaiser-Wilhelm-Allee
60
D 51373 Leverkusen
Public limited
company
25.08.2015 - 01.09.2015 Member
of the Board of Directors
Michael Bernhardt
D 53111 Bonn
08.04.2002 - 01.09.2015 Member
of the Supervisory Board
Dr.
Dirk Backhaus
D 50667 Köln
08.04.2002 - 01.09.2015 Member
of the Supervisory Board
Rolf Erler
D 51371 Leverkusen
16.12.2014 - 01.07.2015 President
of the Supervisory Board
Werner Baumann
D 47798 Krefeld
16.12.2014 - 01.07.2015 Member
of the Supervisory Board
Ian Paterson
D 40210 Düsseldorf
16.12.2014 - 01.07.2015 Member
of the Supervisory Board
Thomas de Win
D 51373 Leverkusen
28.02.2004 - 09.01.2015 Member
of the Board of Directors
Dr.
Tony van Osselaer
D 47798 Krefeld
29.03.2007 - 18.11.2014 Member
of the Board of Directors
Dr.
Axel Steiger-Bagel
D 50667 Köln
21.06.2002 - 30.04.2014 Member
of the Supervisory Board
Joachim Reinders
D 51469 Bergisch Gladbach
21.06.2002 - 30.04.2014 Member
of the Supervisory Board
Klaus Kuhn
D 50668 Köln
21.06.2002
- 30.04.2014 Member of the Supervisory Board
Dr.
Roland Hartwig
D 51427 Bergisch Gladbach
Main industrial sector
20160 Manufacture of plastics in primary
forms
46750 Wholesale of chemical products
6420 Activities of holding companies
96090 Other service activities
Branch:
Covestro Deutschland AG
Kölner Str.
D 41539 Dormagen
Branch:
Covestro Deutschland AG
Rheinuferstr. 7-9
D 47829 Krefeld
Limited partner:
Covestro Oldenburg GmbH
& Co. KG
Mittelkamp 112
D 26125 Oldenburg
Post Box:
25 63
Legal form: Ltd partnership with priv. ltd. company
as general partner
Company Status: active
Total cap. EUR 2,444,252.00
contribution:
Share: EUR 2,444,252.00
Reg. data: 22.01.2002
Local
court 26135 Oldenburg
HRA 3812
Limited
partner:
Salzgewinnungsgesellschaft Westfalen mbH & Co. KG
Hans-Böckler-Allee 20
D 30173 Hannover
Legal form: Ltd partnership
with priv. ltd. company as general partner
Company Status: active
Total cap. EUR
5,124,000.00
contribution:
Share: EUR
512,400.00
Reg. data: 08.06.2011
Local court 30175 Hannover
HRA 202079
Limited partner:
Epurex Films GmbH &
Co. KG
Bayershofer Weg 21-23
D 29699 Bomlitz
Legal form: Ltd
partnership with priv. ltd.company as general partner
Company Status: active
Total cap. EUR 500,000.00
contribution:
Share: EUR 500,000.00
Reg. data: 28.12.2000
Local court 29664 Walsrode
HRA 1136
Shareholder:
Covestro Darmstadt GmbH
Kaiser-Wilhelm-Allee 60
D 51373 Leverkusen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 20,452,000.00
Share: EUR 20,452,000.00
Reg. data: 23.11.1973
Local
court 64283 Darmstadt
HRB 1815
Shareholder:
Thermoplast Composite
GmbH
Am Mühlberg 20
D 91477 Markt Bibart
Legal form: Private
limited company
Company Status: active
Share capital: EUR 800,000.00
Share: EUR 800,000.00
Reg. data: 19.03.2007
Local court 90762 Fürth
HRB 10974
Shareholder:
Covestro GmbH
Kaiser-Wilhelm-Allee 60
D 51373 Leverkusen
Legal form: Private limited company
Company Status: active
Share capital: EUR 250,000.00
Share: EUR 250,000.00
Reg. data: 26.09.2005
Local court 50939 Köln
HRB 56125
Shareholder:
Hi-Bis GmbH
Salegaster Chaussee 1
D 06803 Bitterfeld-Wolfen
Legal form: Private
limited company
Company Status: active
Share capital: EUR
1,000,000.00
Share: EUR
100,000.00
Reg. data: 12.12.2001
Local court 39576 Stendal
HRB 16337
Shareholder:
CleanTech NRW GmbH
Kaiser-Wilhelm-Allee 60
D 51373 Leverkusen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 28.04.2011
Local court 50939 Köln
HRB
72250
Shareholder:
Epurex Films
Geschäftsführungs-GmbH
Bayershofer Weg 21
D 29699 Bomlitz
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 10.10.2000
Local court 29664 Walsrode
HRB 5557
Shareholder:
LYTTRON Technology GmbH
Kaiser-Wilhelm-Allee 32
D 51373 Leverkusen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 11.03.2003
Local court 50939 Köln
HRB
50317
Shareholder:
Salzgewinnung Westfalen
Verwaltungs GmbH
Hans-Böckler-Allee 20
D 30173 Hannover
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 2,500.00
Reg. data: 28.06.2011
Local court 30175 Hannover
HRB 207244
Payment experience: in top condition
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Kaiser-Wilhelm-Allee
60
D 51373 Leverkusen
Real Estate of: Frank
Helmut Lutz
Type of ownership: unknown
Address Walhallastr.
43
D 80639 München
Land register documents were not available.
Principal bank
DEUTSCHE
BANK, 51373 LEVERKUSEN
Sort. code: 37570064
BIC: DEUTDEDK375
Financial year: 01.01.
- 31.12.
The number of employees is not known.
The company in question does not publish own
accounts. The figures
are included in the consolidated balance sheet
of Bayer
Aktiengesellschaft.
Selected figures for the group per 31.12.2014
in MIO EUR
Sales: 42.239
Profit: 3.443
Receivables: 11.032
Liabilities: 30.163
Number of employees: 118.888
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.