3decades

MIRA INFORM REPORT

Report No. :	483950
Report Date :	09.01.2018

IDENTIFICATION DETAILS

Name :	DYSTAR COLOURS DISTRIBUTION GMBH

Registered Office :	Am Prime-Parc 10-12, D 65479 Raunheim

Country :	Germany

Financials (as on) :	31.12.2015

Date of Incorporation :	19.11.2009

Com. Reg. No.:	HRB 86808

Legal Form :	Private Limited Company

Line of Business :	· Manufacture of other chemical products · Wholesale of chemical products · Activities of holding companies · Other activities of head offices

No. of Employees :	220

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

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

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Germany

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 a large increase in 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.

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 2016 Germany reached a budget surplus of 0.6%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2017.

Source : CIA

Company name & address

DYSTAR COLOURS DISTRIBUTION GMBH

Company Status: active

Am Prime-Parc 10-12

D 65479 Raunheim

Telephone:06142/40720

Telefax: 06142/40722000

E-mail: empfang.firmenzentrale@dystar.com

VAT no.: DE815140519

CONCLUSION

Business relations are permissible.

LEGAL FORM Private Limited Company

Date of foundation: 19.11.2009

Shareholders'

agreement: 19.11.2009

Registered on: 23.11.2009

Commercial Register: Local court 60313 Frankfurt

under: HRB 86808

Share capital: EUR 25,000.00

Shareholder:

DyStar Global Holdings

SGP Singapore

Legal form: Other legal form

Share: EUR 25,000.00

Manager:

Eric Hopmann

D 61476 Kronberg