MIRA
INFORM REPORT
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Report Date : |
10.05.2007 |
IDENTIFICATION DETAILS
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Name : |
Kolmar Group AG |
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Registered Office : |
Metallstrasse 9, 6300 Zug/ZG |
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Country : |
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Date of Incorporation : |
03-02-1997 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade in petrochemicals |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 500.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
detail
assessment: |
payments: |
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There are no complaints about the mode of payment and business
conduct. |
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Individual
credit limit*: |
EUR 500.000,-- |
Name
Kolmar Group AG
Line of Business
Chemikalien
Legal domicile
Metallstrasse 9
6300 Zug/ZG
Switzerland
Telephone: 041 7275700
Fax: 041 7275701
Homepage: www.kolmar.com
CREDIT ADVICE
Credit opinion: A maximum credit
of EUR 500.000 is considered in order.
This credit advice is based on information available at the time of
conducting the research, being the above indicated date.
All amounts in this report are given in Swiss Francs (CHF) unless
otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint stock company
Registration: 03-02-1997
First Publication: 17-02-1997
Last Publication: 02-03-2007
Share capital: 8.400.000
Paid up: 8.400.000
Divided into: 8.400 Registered shares of 1.000
Shareholders: The shares are in private ownership.
Company Management: Ruth
Sandelowsky
Registered name 02-03-2007 Kolmar Group AG
Previous Kolmar Petrochemicals
AG
ACTIVITY:
Line of business: Trade in
petrochemicals
Sector:
Wholesale
Activity:
The scope of business encompasses the trade in petrochemicals.
An office is operated in
Trading area:
International
EMPLOYEES:
Number of employees: 40
The executive board is based in
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Information only
available against proof of interest.
There are no complaints about the mode of payment and business conduct.
Since the company conducts practically all of its business activities
outside
For large-scale financial transactions the company should therefore be
capable of providing appropriate proof of financial substance or securities.
FINANCIAL DATA:
Financial position: The
financial affairs are considered to be in order.
Financial Statements: The company does not disclose any financial
statements.
The company hardly provides any inside information on its financial
situation.
Consolidated key figures (in CHF):
Banker(-s): Credit Suisse (CS),
UBS Ltd,
Auditors: PricewaterhouseCoopers
AG, Zuerich
Premises: The premises at the
above mentioned address are rented.
Fiscal taxation: No information is available due to the local tax
authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Investments:
Kolmar Fibres AG, Zug (100.0%).
Kolmar Ltd.,
Further subsidiaries are based in the
BOARD OF DIRECTORS:
Ruth Sandelowsky, from
President, collective signature.
Rafael Aviner, from
Vice President, collective signature.
Herbert C. Schlaubitz, from Meikirch, in Walchwil/ZG/Switzerland,
Secretary, collective signature.
Dr. Josef
Bollag, from Endingen, in Baden/AG/Switzerland,
Member, collective signature.
Dr. Moshe Michael Glass, from Zuerich, in Zuerich/ZH/Switzerland,
Member, collective signature.
MANAGEMENT:
Chavdar Tzonev, from Huttwil, in Schwyz/SZ/Switzerland,
Authorised signatory, collective signature.
PERSONNEL INFORMATION:
Ruth Sandelowsky lives at the address Eschenring 10 in 6300 Zug.
Josef Bollag, born on 15.07.1942, is married to Miriam and lives at the
Schartenfelsstrasse 47 in
The top-level members of the management enjoy a good reputation in
business affairs.
FURTHER MANDATES:
Ruth Sandelowsky:
- Kolmar
Fibres AG, Zug
Josef Bollag:
- Eltan
Holding AG, Zug
- Elinex
Holding AG, Zug
- Eltaver AG,
Zug
- Frenziek AG,
Zug
- Gerom AG, Zug
etc.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)