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MIRA INFORM REPORT
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Report No. : |
495366 |
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Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ALBEMARLE GERMANY GMBH |
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Registered Office : |
Industriepark Höchst D 65926
Frankfurt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
09.08.2012 |
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Com. Reg. No.: |
HRB 94607 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other
chemical products n.e.c. ·
Manufacture of other
fabricated metal products n.e.c. ·
Wholesale of non-ferrous
ores, metals and metal semi-finished goods
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No. of Employees : |
724 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 economic 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 2017 Germany reached a budget surplus of 0.7%. 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, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company
name and address
Albemarle Germany GmbH
Industriepark Höchst
D 65926 Frankfurt
Telephone:069/401260
Telefax: 069/4012672000
Homepage:
www.albemarle-lithium.de
Company
Status
Active
VAT no.
DE815379128
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 09.08.2012
Shareholders'
agreement: 09.08.2012
Registered on: 31.08.2012
Commercial Register: Local court 60313 Frankfurt
under: HRB
94607
Share capital: EUR 10,000,000.00
Shareholder:
Albemarle Lithium Holding
GmbH
Industriepark Höchst
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 10,000,000.00
Registered on: 03.07.2016
Reg. data: 60313
Frankfurt, HRB 105749
Manager:
Christian Brieke
Am Wagenberg 4
D 38685 Langelsheim
born: 11.02.1963
Manager:
Dr. Nicolas Rößler
Hinterbergstr. 11r
D 65207 Wiesbaden
born: 02.02.1973
President of the Supervisory Board:
Luther C. Kissam IV
USA Charlotte
Nationality: USA
Marital status: unknown
Vice-president of the Supervisory Board:
Karen C. Narwold
USA Charlotte
Nationality: USA
Marital status: unknown
Member of the Supervisory Board:
Michael Bachmann
Engelsruhe 4
D 65929 Frankfurt
Member of the Supervisory Board:
Brian Webb
USA Charlotte
Nationality: USA
Marital status: unknown
Member of the Supervisory Board:
Scott Tozier
USA Louisiana
Nationality: USA
Marital status: unknown
Member of the Supervisory Board:
Anja Görlach
D 65926 Frankfurt
Marital status: unknown
Proxy:
Michael Clever
Seilerstr. 10
D 63674 Altenstadt
authorized to jointly represent the
company
born: 02.06.1965
Profession: Fully
qualified economic
engineer
Proxy:
Heidrun Niedenführ
D 37574 Einbeck
authorized to jointly
represent the company
born: 13.09.1954
Proxy:
Dr. Stefan Scherer
D 64347 Griesheim
authorized to jointly represent
the company
born: 04.05.1967
Proxy:
Dr. Christoph König
Leienhöher Weg 26
D 51789 Lindlar
authorized to jointly
represent the company
born: 11.10.1966
Proxy:
Dr. Franz Totter
D 63110 Rodgau
authorized to jointly
represent the company
born: 23.05.1957
Proxy:
Dr. Peter Rittmeyer
D 65843 Sulzbach
authorized to jointly
represent the company
born: 06.06.1956
Proxy:
Jörg Kielhorn
D 38685 Langelsheim
authorized to jointly represent
the company
born: 31.03.1964
Further functions/participations of Christian
Brieke (Manager)
Manager:
ChemStore GmbH
Innerstetal 2
D 38685 Langelsheim
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 24.09.2003
Reg. data:
38100 Braunschweig, HRB 111327
Vice-president of the Board of Directors:
ChemieNetzwerk Harz e.V.
Klubgartenstr. 5
D 38640 Goslar
Legal form: Registered association
Registered
on: 10.08.2016
Reg. data: 38100 Braunschweig, VR 201500
Further functions/participations of Dr.
Nicolas Rößler (Manager)
Manager:
Metalon Environmental
Management & Solutions
GmbH
Industriepark Höchst ,
Gebäude
G879
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 3,070,000.00
Registered
on: 15.09.1998
Reg. data: 60313 Frankfurt, HRB 45767
Manager:
Albemarle Hilfe GmbH
Unterstützungskasse
Industriepark
Höchst/Gebäude
G879
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.07.2016
Reg. data: 60313 Frankfurt, HRB 105747
Manager:
DNVJ Vermögensverwaltung
GmbH
Kaiserstr. 2
D 53840 Troisdorf
Legal form: Private
limited company
Share capital: EUR 2,080,000.00
Registered
on: 08.11.1985
Reg. data: 53721 Siegburg, HRB 2246
Manager:
RSG Immobilien GmbH
Industriepark Höchst ,
Gebäude
G879
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 26.11.2013
Reg. data: 60313 Frankfurt, HRB 98011
Manager:
Albemarle New Holding
GmbH
Industriepark Höchst ,
Gebäude
G879
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.07.2016
Reg. data: 60313 Frankfurt, HRB 105748
Manager:
Albemarle Lithium Holding
GmbH
Industriepark Höchst
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 03.07.2016
Reg. data: 60313 Frankfurt, HRB 105749
Manager:
Dynamit Nobel GmbH
Kaiserstr. 3
D 53840 Troisdorf
Legal form: Private
limited company
Share capital: EUR 52,500.00
Registered
on: 23.03.1993
Reg. data: 53721 Siegburg, HRB 3837
Manager:
Rockwood Specialties GmbH
Industriepark Höchst , Gebäude
G879
D 65926 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 18.11.2014
Reg. data: 60313 Frankfurt, HRB 100755
COMPANY
HISTORY
company name and legal form
02.10.2013 - 21.06.2017 Rockwood Lithium GmbH
Industriepark Höchst
D 65926 Frankfurt
Private limited
company
09.08.2012 - 02.10.2013 Rockwood Lithium GmbH
Trakehner Str. 3
D 60487 Frankfurt
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
01.06.2016 - 05.09.2017 Manager
Dr. David Fischer
Am Petzenberg 2
D 67725 Breunigweiler
01.07.2015 - 24.04.2017 Manager
Raphael Crawford
D 61440 Oberursel
16.09.2014 - 20.06.2016 President of the Supervisory Board
Seifi Ghasemi
USA Princeton
05.09.2012 - 30.05.2016 Manager
Dr. Marcus Brune
D 61169 Friedberg
BUSINESS
ACTIVITIES
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
2599 Manufacture of other fabricated metal products
n.e.c.
46722 Wholesale of non-ferrous ores, metals and
metal semi-finished goods
4675 Wholesale of chemical products
BRANCHES
AND FACTORIES
Works:
Albemarle Germany GmbH
Innerstetal 2
D 38685 Langelsheim
TEL.: 05326/510
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Balance sheet year: 2015
REAL
ESTATE
Type of ownership: Tenant
Address Industriepark
Höchst
D 65926 Frankfurt
Land register documents were not available.
BANKERS
DEUTSCHE BANK FILIALE, 60254 FRANKFURT AM MAIN
Sort. code: 50070010, Account no.: 91650200
BIC: DEUTDEFFXXX, IBAN: DE40500700100091650200
FINANCIAL
FIGURES
Turnover: 2016 *EUR 257,000,000.00
2017 *EUR 193,308,000.00
further business figures:
Equipment: EUR 11,164,475.00
Ac/ts receivable: EUR 46,669,234.00
Liabilities: EUR 213,250,544.00
Employees:
724
- thereof permanent
staff:
390
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 75.16
Liquidity ratio: 10.00
Return on total capital [%]: 3.25
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: 01.01.2015 - 31.12.2015
ASSETS EUR 329,415,520.23
Fixed assets EUR 173,479,574.08
Intangible assets EUR 51,870,052.00
Concessions, licences, rights EUR 15,849,084.00
Goodwill EUR 36,020,968.00
Tangible assets EUR 110,081,607.91
Land / similar rights EUR 30,472,320.25
Plant / machinery EUR 60,810,438.07
Other tangible assets / fixtures and
fittings EUR 11,164,475.08
Advance payments made / construction
in progress EUR 7,634,374.51
Financial assets EUR 11,527,914.17
Shares in participations /
subsidiaries and the like EUR 11,527,914.17
Shares in related companies EUR 11,527,913.17
Shares in investee companies EUR
1.00
Current assets EUR 155,525,189.35
Stocks EUR 68,325,184.18
Raw materials, consumables and
supplies EUR 26,315,229.04
Finished goods / work in progress EUR
42,009,955.14
Accounts receivable EUR 46,669,233.66
Trade debtors EUR 20,410,756.82
Amounts due from related companies EUR
25,411,769.65
Other debtors and assets EUR 846,707.19
Liquid means EUR 40,530,771.51
Remaining other assets EUR 410,756.80
Accruals (assets) EUR 410,756.80
LIABILITIES EUR 329,415,520.23
Shareholders' equity EUR 64,475,000.00
Capital EUR 10,000,000.00
Subscribed capital (share capital) EUR
10,000,000.00
Reserves EUR 54,475,000.00
Capital reserves EUR 54,475,000.00
Provisions EUR 51,689,976.54
Pension provisions and comparable
provisions EUR 31,990,277.00
Other / unspecified provisions EUR 19,699,699.54
Liabilities EUR 213,250,543.69
Other liabilities EUR 213,250,543.69
Trade creditors (for IAS incl. bills
of exchange) EUR 15,514,705.37
Liabililties due to related
companiesEUR 194,884,342.74
Unspecified other liabilities EUR 2,851,495.58
thereof liabilities from tax /
financial authorities EUR 1,200,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 257,150,297.99
Inventory change + own costs (+/-) EUR 7,014,809.14
Inventory change (+/-) EUR 3,420,785.32
Capitalised own costs EUR 3,594,023.82
Other operating income EUR 15,525,544.93
Cost of materials EUR 120,793,019.11
Raw materials and supplies, purchased
goods EUR 111,178,309.01
Purchased services EUR 9,614,710.10
Gross result (+/-) EUR 158,897,632.95
Staff expenses EUR 61,332,762.34
Wages and salaries EUR 52,357,617.47
Social security contributions and
expenses for pension plans and
benefits EUR 8,975,144.87
Total depreciation EUR 28,589,971.42
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 28,589,971.42
Other operating expenses EUR 46,175,861.40
Operating result from continuing
operations EUR 22,799,037.79
Interest result (+/-) EUR -12,956,205.51
Interest and similar income EUR 93,946.19
Interest and similar expenses EUR 13,050,151.70
Other financial result EUR -199,999.00
Depreciation on financial assets and
marketable securities EUR 199,999.00
Financial result (+/-) EUR -13,156,204.51
Result from ordinary operations (+/-) EUR
9,642,833.28
Extraordinary expenses EUR 425,480.00
Extraordinary result (+/-) EUR -425,480.00
Expenses for transfer of profits to a
parent company EUR 9,102,994.28
Income tax / refund of income tax (+/-)EUR -47,862.60
Other taxes / refund of taxes EUR -66,496.40
Tax (+/-) EUR -114,359.00
Annual surplus / annual
deficit EUR 0.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.05 |
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|
1 |
INR 89.70 |
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Euro |
1 |
INR 80.03 |
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Euro |
1 |
INR 80.42 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.