MIRA INFORM REPORT

 

 

Report Date :

19.05.2007

 

IDENTIFICATION DETAILS

 

Name :

Borregaard Deutschland GmbH

 

 

Registered Office :

Hansaallee 201, 40549 Düsseldorf

 

 

Country :

Germany

 

 

Date of Incorporation :

1973

 

 

Com. Reg. No.:

HRB 35006

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Agents involved in the Sale of Technical Chemicals, Crude Drugs, Rubber and Fertilizers

Wholesale trade in Technical Chemicals and Crude Drugs

 

 

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

 

Maximum Credit Limit :

EUR 250.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


name & address

 

Borregaard Deutschland GmbH

Hansaallee 201

40549 Düsseldorf

Telephone:        0211/59519-0

Telefax:             0211/59519-22

Homepage:        www.borregaard.com

E-Mail:              martin.baecker@borregaard.com

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM 

 

Private limited company

 

 

Date of foundation

 

1973

 

 

Shareholders' agreement

 

11.10.1973

 

 

Registered on

 

04.09.1997

 

 

Commercial Register

 

Local court 40213 DÜSSELDORF

 

 

Under

 

HRB 35006

 

 

Share capital

 

EUR          2.600.000,00

 

 

Shareholder

 

Abba Seafood GmbH

DEA-Scholven-Str. 9

76187 Karlsruhe

Legal form: Private limited company

Share capital:     EUR          2.556.459,41

Share:                EUR          2.600.000,00

Reg. Data:  25.07.1995

HRB 111343

68159 MANNHEIM

 

 

Manager

 

Dr. Martin Bäcker

41363 Jüchen

authorized to jointly represent the company

born 08.04.1962

 

 

Manager

 

Peter Nygren

GB Alderleg

authorized to jointly represent the company

born 01.12.1958

Nation.: British

 

Proxy

 

Siegfried Schindler

Zeppelinstr. 12

76829 Landau

authorized to jointly represent the company

born 24.09.1944

 

 

Further functions/participations of

Martin Bäcker (Manager)

 

Manager:

Abba Seafood GmbH

DEA-Scholven-Str. 9

76187 Karlsruhe

Legal form: Private limited company

Share capital:     EUR          2.556.459,41

Reg. Data:  25.07.1995

HRB 111343

68159 MANNHEIM

 

 

Further functions/participations of Peter Nygren (Manager)

 

Manager:

Abba Seafood GmbH

DEA-Scholven-Str. 9

76187 Karlsruhe

Legal form: Private limited company

Share capital:     EUR          2.556.459,41

Reg. Data:  25.07.1995

HRB 111343

68159 MANNHEIM

 

 

BUSINESS HISTORY

 

11.10.1973 

HOLMEN GMBH

76131 Karlsruhe

Private limited company

 

24.11.1987

HOLMEN LIGNOTECH GmbH

76131 Karlsruhe

Private limited company

 

12.12.1991 

LignoTech Deutschland GmbH

Ludwig-Wilhelm-Str. 14

76530 Baden-Baden

Private limited company

 

11.06.1992

Borregaard Deutschland GmbH

DEA-Scholven-Str. 9

76187 Karlsruhe

Private limited company

 

 

BUSINESS ACTIVITIES

 

51123

AGENTS INVOLVED IN THE SALE OF TECHNICAL CHEMICALS, CRUDE DRUGS, RUBBER AND FERTILIZERS

 

51552

WHOLESALE TRADE IN TECHNICAL CHEMICALS AND CRUDE DRUGS

 

 

BRANCHES AND FACTORIES

 

Branch:

Borregaard Deutschland GmbH

DEA-Scholven-Str. 9

76187 Karlsruhe

 

 

FINANCIAL INFORMATION

 

Payment experience:  takes advantage of cash discount

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Hansaallee 201

                                    40549 Düsseldorf

 

Land register documents were not available.

 

 

BANKERS

 

CITIGROUP GLOBAL MARKETS DEUTSCHLAND, FRANKFURT AM MAIN

Sort. code: 50210900

 

DRESDNER BANK, DÜSSELDORF

Sort. code: 30080000

 

DRESDNER BANK, KARLSRUHE, BADEN

Sort. code: 66080052

 

COMMERZBANK, KARLSRUHE, BADEN

Sort. code: 66040018

 

BERENBERG, JOH. - GOSSLER & CO, HAMBURG

Sort. code: 20120000

 

 

FIGURES

 

Financial year:               01.01. - 31.12.

Turnover:                       2006     EUR         35.000.000,00

Share capital:                            EUR          2.600.000,00

Value of stocks:                        EUR          2.000.000,00

Equipment:                                EUR          1.500.000,00

Ac/ts receivable:                       EUR          3.800.000,00

Liabilities:                                  EUR          1.300.000,00

Employees:                    60

Branch number:             51123 / 51552

 

 Approximate figures are given.

 

 

Borregaard Deutschland GmbH

DEA-Scholven-Str. 9

76187 Karlsruhe

Telephone: 0721/5599133

 

 

LEGAL FORM           Legally dependent establishment

 

 

FIGURES

 

Financial year:      01.01. - 31.12.

 

The number of employees is not known.


 

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

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions