MIRA
INFORM REPORT
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Report Date : |
23rd June 2006 |
IDENTIFICATION
DETAILS
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Name : |
SYMRISE GMBH & CO. KG |
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Registered Office : |
Mühlenfeldstr. 1, 37603 Holzminden, Germany |
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Country : |
Germany |
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Date of Incorporation : |
02.01.1919 |
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Com. Reg. No.: |
HRA 101325 HOL |
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Legal Form : |
Limited partnership with private limited Company as General partner |
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Line of Business : |
·
Manufacturers of Other Chemicals Products N.E.C.
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
Symrise GmbH & Co. KG
Mühlenfeldstr. 1
37603 Holzminden
Telephone: 05531/900
Telefax: 05531/901649
Homepage: www.symrise.com
E-Mail: info@symrise.com
LEGAL FORM
Ltd partnership with priv. ltd. Company as General partner
Date of foundation
02.01.1919
Registered on
23.06.2003
Register of
Local court 31134 HILDESHEIM
Companies under
HRA 110566
Total cap. Contribution
EUR 25.125,00
General Partner
Symrise Verwaltungs GmbH
Dragocostr. 1
37603 Holzminden
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 18.06.2003
HRB 101151 HOL
31061 ALFELD/LEINE
Manager
Dr. Gerold Linzbach
60308 Frankfurt
born 13.02.1956
Manager
Dr. Heinz-Jürgen Bertram
37603 Holzminden
having sole power of representation
born 18.09.1958
Limited Partner
Symrise Holding GmbH
Dragocostr. 1
37603 Holzminden
Legal form: Private limited company
Share capital: EUR 1.913.650,00
Share: EUR 25.000,00
Reg. Data: 11.11.2003
HRB 101122
31061 ALFELD/LEINE
Limited Partner
Forsythie Zweite GmbH & Co. KG
Mühlenfeldstr. 1
37603 Holzminden
Legal form: Ltd partnership with priv. ltd.
Company as General partner
Total cap. contribution: EUR 1.000,00
Share: EUR 125,00
Reg. Data: 10.05.2002
HRA 101326 HOL
31061 ALFELD/LEINE
Proxy
Rainer Klaus Grimm
82194 Gröbenzell
born 14.03.1952
Occupation: Businessman
Proxy
Dr. Klaus Stanzl
37603 Holzminden
authorized to jointly represent the company
born 17.01.1951
Proxy
Norbert Kalkert
37603 Holzminden
authorized to jointly represent the company
born 07.02.1951
Proxy
Karlheinz Klammt
37603 Holzminden
authorized to jointly represent the company
born 25.06.1945
Proxy
Dr. Edgar Endlein
29559 Wrestedt
authorized to jointly represent the company
born 14.12.1960
Proxy
Frank von Keutz
83022 Rosenheim
authorized to jointly represent the company
born 09.01.1962
Occupation: Businessman
Proxy
Heinrich Schaper
37603 Holzminden
authorized to jointly represent the company
born 06.06.1956
Proxy
Christoph Schamberger
37603 Holzminden
authorized to jointly represent the company
born 03.11.1963
Proxy
Markus Sattler
68159 Mannheim
born 15.11.1967
Proxy
Alexander Kleinke
37603 Holzminden
authorized to jointly represent the company
born 21.10.1967
Proxy
Wolf-Henning Berners
82152 Krailling
born 05.04.1964
Proxy
Dr. Ingo Natzel
44803 Bochum
authorized to jointly represent the company
born 16.01.1958
FINANCIAL INFORMATION
Payment
experience: within agreed terms
NAME
Symrise GmbH & Co. KG
ADDRESS
Mühlenfeldstr.
1
37603
Holzminden
Telephone:
05531/900
Telefax : 05531/901649
Homepage:
www.symrise.com
E-Mail:
info@symrise.com
CONCLUSION
Business
relations are permissible.
The
company is considered solvent for credits within its scope of business.
LEGAL FORM
Ltd
partnership with priv. ltd. Company as General partner
Date of foundation
02.01.1919
Registered on
23.06.2003
Register of companies
Local
court 31061 ALFELD/LEINE
Under
HRA
101325 HOL
Total cap. Contribution
EUR 25.000,00
General Partner
Symrise
Verwaltungs GmbH
Dragocostr.
1
37603
Holzminden
Legal
form: Private limited company
Share
capital: EUR 25.000,00
Reg.
Data: 18.06.2003
HRB
101151 HOL
31061
ALFELD/LEINE
Shareholder
Helena
Erste Vermögensver- waltung GmbH & Co. KG
Mühlenfeldstr.
1
37603
Holzminden
Legal
form: Ltd partnership with priv. ltd. Company as General partner
Share: EUR 25.000,00
Reg.
Data: 11.09.2003
HRA
101327 HOL
31061
ALFELD/LEINE
Manager
Dr.
Gerold Linzbach
60308
Frankfurt
born
13.02.1956
Manager
Dr.
Heinz-Jürgen Bertram
37603
Holzminden
having
sole power of representation
born
18.09.1958
Limited Partner
Allades
Vermögensverwaltung GmbH
Mühlenfeldstr.
1
37603
Holzminden
Legal
form: Private limited company
dissolved
Share
capital: EUR 25.100,00
Share: EUR 23.725,00
Reg.
Data: 19.06.2003
HRB
101152
31061
ALFELD/LEINE
Limited Partner
Helena
Erste Vermögensver- waltung GmbH & Co. KG
Mühlenfeldstr.
1
37603
Holzminden
Legal
form: Ltd partnership with priv. ltd. Company as General partner
Share: EUR 1.275,00
Reg.
Data: 11.09.2003
HRA
101327 HOL
31061
ALFELD/LEINE
Proxy
Rainer
Klaus Grimm
82194
Gröbenzell
born
14.03.1952
Occupation:
Businessman
Proxy
Dr.
Klaus Stanzl
37603
Holzminden
authorized
to jointly represent the company
born
17.01.1951
Proxy
Norbert
Kalkert
37603
Holzminden
authorized
to jointly represent the company
born
07.02.1951
Proxy
Karlheinz
Klammt
37603
Holzminden
authorized
to jointly represent the company
born
25.06.1945
Proxy
Dr.
Edgar Endlein
29559
Wrestedt
authorized
to jointly represent the company
born
14.12.1960
Proxy
Frank
von Keutz
83022
Rosenheim
authorized
to jointly represent the company
born
09.01.1962
Occupation:
Businessman
Proxy
Axel
Graefe
37632
Eschershausen
authorized
to jointly represent the company
born
09.03.1955
Proxy
Heinrich
Schaper
37603
Holzminden
authorized
to jointly represent the company
born
06.06.1956
Proxy
Christoph
Schamberger
37603
Holzminden
authorized
to jointly represent the company
born
03.11.1963
Proxy
Markus
Sattler
68159
Mannheim
born
15.11.1967
Proxy
Alexander
Kleinke
37603
Holzminden
authorized
to jointly represent the company
born
21.10.1967
Proxy
Wolf-Henning
Berners
82152
Krailling
born
05.04.1964
Proxy
Dr.
Ingo Natzel
44803
Bochum
authorized
to jointly represent the company
born
16.01.1958
BUSINESS HISTORY
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02.01.1919 |
DRAGOCO Gerberding & Co. Aktiengesellschaft |
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Dragocostr. 1 |
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37603 Holzminden |
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Public limited company |
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14.07.2003 |
Symrise GmbH & Co. KG |
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Dragocostr. 1 |
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37603 Holzminden |
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Ltd partnership with priv. ltd. Company as General partner |
BUSINESS ACTIVITIES
36633
MANUFACTURE OF OTHER CHEMICALS PRODUCTS N.E.C.
5155
WHOLESALE OF CHEMICAL PRODUCTS
BRANCHES AND FACTORIES
Branch
Symrise GmbH & Co. KG
Werk Braunschweig
Hansestr. 33
38112 Braunschweig
Legal form: Ltd partnership
with priv. ltd. Company as General partner
Reg. Data: 17.12.2003
HRA 14201
38100 BRAUNSCHWEIG
Branch
Symrise GmbH & Co. KG
Werk Nördlingen
Anton-Jaumann-Industriepark
9
86720 Nördlingen
Legal form: Ltd partnership
with priv. ltd. Company as General partner
Reg. Data: 09.01.2004
HRA 14780
86150 AUGSBURG
Branch
Symrise GmbH & Co. KG
Dragocostr.
37603 Holzminden
Legal form: Legally
dependent establishment
FINANCIAL INFORMATION
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Payment experience |
within agreed terms |
REAL ESTATE
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Type of ownership |
Tenant |
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Address |
Mühlenfeldstr. 1 |
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37603 Holzminden |
Land register documents were
not available.
BANKERS
BHFBANK, FRANKFURT AM MAIN
Sort. code: 50020200
DEUTSCHE BANK, HOLZMINDEN
Sort. code: 25070086
COMMERZBANK, HOLZMINDEN
Sort. code: 27240004,
Account No: 5712856
NORDDEUTSCHE LANDESBANK
GIROZENTRALE, HOLZMINDEN
Sort. code: 25050000
DRESDNER BANK
LATEINAMERIKA, HAMBURG
Sort. code: 20080100
POSTBANK, HANNOVER
Sort. code: 25010030
DRESDNER BANK, BERLIN
Sort. code: 12080000
FIGURES
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Financial year |
01.01.2004 - 31.12.2004 |
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Turnover |
2002 EUR 1.247.000.000,00 |
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2003 EUR 1.190.000.000,00 |
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2004 EUR 1.140.000.000,00 |
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Total cap. Contribution |
EUR 25.000,00 |
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Employees |
4.800 |
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Branch number |
36633 / 5155 |
Approximate
figures are given.
WEB DETAILS ATTACHED
Vision
The recognized leader in creating
and supporting winning brands
Corporate
Line
creating brands. supporting brands.
Our corporate line "creating brands. supporting brands." denotes
the promise to add value to our customers’ brands. Because the success of our
customers equates to the success of our customers’ brands.
The first part of the line ("creating brands") represents our
competence in helping our customers to develop new product brands, to extend
existing lines and to relaunch products using:
- ideas
based on the market demands and consumer research,
- our
expertise gathered from global resources, which supports brand development
through clear concepts and creativity,
- and
cost-effective solutions that create added value - thanks to modern
flavors, fragrances, cosmetic ingredients, aroma chemicals, pioneering
technology and a tailor-made service.
The second part of the corporate line ("supporting brands")
communicates that Symrise not only develops brands with its customers, but
above all
- supports
established brands with the consistent quality of our products,
- provides
insights into market trends and the new needs of demanding customers all
over the world,
- enables
targeted product improvement through technological innovation and
continuous R&D, to add sustainable value to our customers’ brands.
The margin between "creating" and
"supporting" is a continuum. Only both parts together reveal the full
performance potential.
Core
Principles
Our Purpose
We are committed to serving our customers throughout
the world with innovative, superior quality and high value-adding products and
services - the success of our customers is our first priority. We work with
initiative, passion and creativity in order to achieve this objective. We
believe that by consistently applying this approach to business, we will
achieve sustainable profitable growth, which ultimately serves our customers,
employees and shareholders.
Our 5 Core
Principles
- We serve our customers worldwide and support their
brands.
Serving our customers, wherever they are in the world, is at the heart of our approach to doing business. We strive to work closely with our customers in order to understand their markets, their strategies, their needs and to support their brands.
- We develop and market new and innovative
solutions.
We create value by providing new and innovative product and service solutions that increase the competitiveness of each of our customers.
- We work together with respect for one another.
We work together in a spirit of mutual support, with openness to new ideas and with respect for one another. We recognize and accept diversity as one of our greatest strengths.
- We have lean processes and we work efficiently.
We continually streamline our processes in order to increase our efficiency, improve responsiveness to our customers and remain cost competitive.
- We have the highest quality and business
standards.
We are committed to the highest quality in terms of the products and services we offer and to the highest standards in the way that we conduct business - without compromise.
History
The hummingbird, the dragon and our brand
philosophy
With their entrepreneurial vision, ambition
and creative research, Haarmann & Reimer and DRAGOCO have been building the
foundation for business success since 1874 and 1919, respectively. As a result,
both companies have established a global presence and brought about
ground-breaking innovations in manufacturing fragrances and flavorings as well
as raw materials and active ingredients for cosmetics. In the future, H&R
and DRAGOCO will work together, united by their business vision.
Symrise stands for the creative
symbiosis of two long-established companies and their new union as an
ambitious, future-oriented corporation. It represents the fruitful and
successful collaboration with clients and partners.
"Creating brands. Supporting
brands": its brand-oriented philosophy is its core competence. Symrise
supports its clients in every phase of developing, expanding and maintaining
successful brands on a regional and international level.
The dragon and the hummingbird are
united harmoniously in the logo. The powerful mythical creature and the
delicate bird of great agility and grace represent the symbiosis of power and
the senses, the merging of competences, and the synergy between
business-oriented initiative and openness to creative research.
Milestones
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2002 |
2002
EQT Northern Private Equity Fonds and Bayer reach an agreement on the
acquisition of Haarmann & Reimer, the fifth-largest international
manufacturer of fragrances and flavorings, while acquiring the shares of
minority holders of DRAGOCO. |
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2003 |
Heading for the top with a new
name: DRAGOCO and Haarmann & Reimer become Symrise on February 20, 2003 With its entry in the commercial
register on May 23, 2003, Symrise GmbH & Co. KG completed the merger from
a legal standpoint. |
LOCATIONS
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Argentina |
Symrise
S.R.L. |
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Australia |
Symrise
Pty. Ltd. |
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Austria |
Symrise
GmbH |
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Brazil |
Symrise
Aromas e Fragrâncias Ltda. |
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Chile |
Symrise
S.A. |
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China |
Symrise
Ltd. |
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Colombia
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Symrise
LTDA. |
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Egypt |
Symrise
SAE. |
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France |
Symrise
S.A. Symrise
S.A. |
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Germany |
Symrise
GmbH & Co. KG
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Hong
Kong |
Symrise
Limited |
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India |
Symrise
Private Limited |
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Indonesia |
P.T.
Symrise |
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Italy |
Symrise
S.r.l. |
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Japan |
Symrise
K.K. |
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Korea |
Symrise
Limited |
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Malaysia |
Symrise
Sdn. Bhd. |
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Mexico |
Symrise
S. de R.L. de C.V. |
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Netherlands |
Symrise
B.V. |
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Philippines |
Symrise
Inc. |
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Poland |
Symrise
GmbH & Co. KG |
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Russia |
Representative
Office of Symrise GmbH (Austria) |
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Singapore |
Symrise
Pte. Ltd. |
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South
Africa |
Symrise
(Pty) Limited |
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Spain |
Symrise
Iberica S.L. |
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Switzerland |
Symrise
S.A. |
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Taiwan |
Symrise
Pte. Ltd., Singapore |
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Thailand |
Symrise
Ltd. |
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Turkey |
Symrise
Kimya San. Tic. Ltd. Sti. |
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United
Kingdom |
Symrise
Ltd. |
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USA |
Symrise
Inc. |
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Venezuela |
Symrise C.A. |
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Industry
Associations/Organizations Symrise
supports as an active member a number of important industry associations and
organizations: |
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EFFA – European Flavour & Fragrance Association |
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IFRA – International Fragrance Association |
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IOFI – The International Organization of the Flavor
Industry |
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DVAI – Deutscher Verband der Aromenindustrie e.V. |
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DVRH – |
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VCI – Verband der Chemischen Industrie e.V. |
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RIFM – Research Institute for Fragrance Materials |
NEWS
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Holzminden,
August 16, 2005 |
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Ayurveda
Extrapones® for the cosmetics industry Symrise, one of the world’s top
suppliers of innovative cosmetic raw materials and active ingredients, has
just launched a range of botanicals based on traditional Ayurvedic medicine. Ayurveda is the traditional Indian
method of healing that has been practiced for over 5000 years and is
considered the world’s oldest school of medicine. Ayurveda is a way of life
with the goal of creating and maintaining a harmonious balance between body
and soul. In keeping with the international
trend towards alternative Indian and Asian methods of treatment, Symrise has
now developed a range of Ayurvedic botanicals. In doing so, the corporation
worked closely with Dr. Chandrakant Basole, an Indian expert who studied
Ayurvedic medicine and has extensive knowledge of phytoscience and Ayurvedic
plants. In India, these plants are used in many cosmetic products, and this
trend is expected to expand in the western world as well. Ayurvedic plants
and herbs are used in Indian cosmetics such as soaps, hair care and skin care
products. The Ayurveda Extrapone®
product range includes products with Amla (Amalki) Fruit, Bel (Bilva) Fruit,
Noni (Ashyuka) Fruit, Nutgrass (Motha) Root and Indian Berberine (Guduchi)
Root. Guduchi, a vine that can reach great heights, is also known as the
nectar of immortality because its vines keep growing even after they have
been separated from the tree. According to Ayurvedic teaching, it derives its
energy from all five elements. It is considered a perfect symbol of vitality,
youthfulness and long life. The Symrise Extrapones®
portfolio features a wide variety of exotic and traditional plants which are
characterized by their multi-facetted and outstanding uses in cosmetic
products. Extrapones® are preparations of natural plant extracts
on aqueous-glycolic or glycerin base. Ayurveda, the “science of life,”
offers a path to a life in harmony with nature, and it promotes health,
natural beauty and longevity. Its teachings are as applicable today as they
were thousands of years ago because they have their roots in universal
principles. Because of its timeless nature, traditional Ayurveda can be
integrated into modern holistic complementary medicine. Its relaxation and
self-healing techniques complement the wellness boom of recent years. |
|
Holzminden, July
29, 2005 |
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Symrise to exhibit at drinktec
in Munich: “Customer focused. Consumer driven”
is the motto under which flavor and compound manufacturer Symrise will be
showcasing new, custom-tailored drink concepts for the national and
international trend markets of tomorrow at this year’s “drinktec” in Munich
from September 12 through to 17, 2005. This years Drinktec motto “Go with
the flow” is one way to describe today’s international beverage market. In no
other segment of the market is so much in motion; consumer preferences are
continually changing and new trends keep cropping up. In this kind of fast-paced
market, sustained product successes necessitate a total focus on the
customer’s needs and a rigorous alignment toward consumer wishes. Symrise’s
response to these challenges is reflected by its motto of “Customer focused.
Consumer driven”. The company is offering the drinks industry not just new
products and flavors, but holistic marketing concepts. They range from
innovative product ideas to sensory product development and trend setting
flavors right through to packaging ideas and market positioning. Symrise’s exhibits will focus on
six drink concepts. With these concepts – “Healthful and Natural,”
“Functionality,” “Thirst-Quenchers,” “Enjoyment,” “Lifestyle” and “Fun” –
Symrise demonstrates its extensive drink competence in the non-alcoholic,
alcoholic and powdered beverage segments. With its competitive edge in
innovation, technology and creativity, caters to the mega-trends of Health,
Convenience, Enjoyment and Wellness. Flavored Water, Near Water and Tea Plus are the
attractive product offerings under the “Healthy
and Natural drinking” concept. These products
invite the consumer to combine the healthy benefits of pure natural water
with pure enjoyment. Flavored Water persuades with its fresh, fruity
notes. With additives like natural extracts, vitamins or juices, consumers
can look forward to refreshing Near Water products. The Far-Eastern Tea Plus
creations offer natural tea extracts that are both healthy and lend an
interesting aromatic note to pure water. Because all of these products are
low in calories, they satisfy consumer wishes for modern contemporary soft
drinks. Symrise’s innovative strength is
reflected by the “Functionality” concept: Omega-3-drinks offer the kind of convincing functional
and emotional added value that modern consumers expect today. This concept
provides the healthy Omega-3-fatty acids in combination with fruity, exotic
flavors like Cherry/Dragonfruit. Omega-3-drinks offer the customer the
opportunity of being first to market, and thus the advantag of being able to
set their brand apart from the competition – a clear competitive edge in the
hotly contested drink market. Convenience combined with functionality is what
characterizes the innovative ACE powdered drink. In addition to the
well-known advantages of traditional instant beverages, this powdered drink
offers all of the benefits of classical ACEs from the liquid drink segment. Symrise will be introducing a new
generation of soft drinks under its “Thirst
Quenchers” concept: Less-sweet spritzers with reduced
juice content as well as juice-containing drinks, such as
Guava-Strawberry-Feijoa or Apple-Rose with a juice contents of 6 percent and
more, without compromising any of the fruity-juicy taste experience. The
ability to preserve the intensive taste of these products is based on
Symrise’s profound flavors and compound expertise. In the powdered drink
segment, Symrise treats consumers with fruity Instant Drinks, like
Pineapple and Lemon, that are characterized by their high solubility and
superb taste. With products that are highly developed from both a sensory and
technology standpoint, Symrise offers consumers outstanding taste experiences
and its customers the ability to market highly profitable products. With the “Indulgence ” concept, Symrise is responding to the feel-good and
pamper-yourself global mega-trend that manifests itself in such a variety of
forms. Symrise has picked up on the two strongest product trends: Syrups,
Amaretto or Vanilla flavors, for example, are an ideal way to lend added
enjoyment to coffee, cocoa or cocktails, thus offering a virtually limitless
array of new taste sensations. Hot Choc, a chocolate syrup whose
innovative sachet packaging concept allows consumers to enjoy the soothing
and authentic pleasure of hot chocolate anywhere and any time. Right in line
with the Convenience trend the creamy, highly soluble Malt-Chocolate powdered
drink features the special kick of added malt. Symrise offers its customers a wide
range of products under the “Lifestyle”
concept. In the sustained major trend market of Flavored
Beer Drinks this segment still has tremendous potential to offer. These
fruity, mild Flavored Beer Drinks in attractive small 0.33 l bottles stands
for lifestyle in its purest form! With this concept, Symrise offers
breweries, in particular, the opportunity of using a mix of traditional and
new flavors to gain further market share in the non-beer-drinker and female
consumer groups. Herbal liqueurs with fruit, trend
liqueurs in new flavors as well as cocktails are offered under the fruity,
colorful “Fun” concept. From classic to cult drink: Herbal liqueurs have advanced
to become a true cult drink in recent years – and not just among the younger
set. Symrise has picked up on this development with the “Asia” and
“Mediterranean” trends, creating new herbal liqueurs with interesting flavors
like Lychee. The right concept for a highly profitable market which addresses
new young consumer groups! What sets Symrise apart in the trend liqueur
segment: New and unusual flavors along with flashy colors. At Booth 135 in Hall B 1 at
drinktec in Munich, Symrise will be showcasing its vast reservoir of
knowledge and know-how relating to consumers, trends and markets, integrated
within six innovative drink concepts for successful products and brands. |
RATING EXPLANATIONS
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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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |