MIRA
INFORM REPORT
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Report Date : |
04.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
HSH CHEMIE SRL |
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Registered Office : |
B-Dul Dimitrie Racovita Nr.19 Ap 1 si 2 Sector 2, Bucuresti |
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Country : |
Romania |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
20.12.2000 |
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Com. Reg. No.: |
J40/11795/2000 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Chemical Products. |
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 : |
Euro 60,997 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
HSH CHEMIE SRL
Registration Briefing
Registration Number: J40/11795/2000
Registration Date: 20/12/2000
Legal Form: PRIVATE LIMITED CO
Latest Financials: N/A
Financial Briefing
Nominal Capital: 741,300 New Romanian Lei
Issued Capital: 741,300 New Romanian Lei
Turnover: 2,927,860 Euros
Net Profit: 109,045 Euros
Net Worth:
Rating Briefing
Former Rime Rating: N/A
Current Recommended Credit: 60,997 Euros
Former Recommended Credit: N/A
Rating Trend: POSITIVE
Payment Record: TERMS EXCEEDED
Company Details
Rime
Reference: 10508261
Company
Name: HSH CHEMIE SRL
Headquarter
Address: B‑DUL
DIMITRIE RACOVITA nr. 19 ap. 1 si 2 sector 2,
BUCURESTI,
Romania
Telephone: +40
213137778
Fax: +40
213157864
Company was originally started on 2000
Registration &
Legal Details
Current
Legal Form: PRIVATE
LIMITED CO
Registration
Number: J40/11795/2000
Registration
Date: 20/12/2000
Year/Date
Company Established: 2000
Registration
Town: BUCURESTI
SECTOR 2
Tax
Registration Number: 13610671
Date of Last Annual Return: 18/10/2006
Capital
Currency: New
Romanian Lei
Nominal
Capital: 741,300
Issued
Capital: 741,300
Paid
Up Capital: All
Nominal Capital
Breakdown
Number
of Shares: 74,130
Type of
Shares: ordinary
Issued
Shares: 74,130
Value
per share: RON 10.00
Value
of this type: 741,300.00
Shareholders
Shareholders:
Name/Address Shares
Held % ofVoting/Non‑Votingcapital
OANA GRIGORESCU, 7,398 9.98%
(VOTING)
Romania
HSH CHEMIE GMBH, 33,366 45.01%
(VOTING)
Str. BALLINDAMM nr. 1,
HAMBURG,
Germany
VOSTRADE LUTZOW HANDELS GMBH, 33,366 45.01%
(VOTING)
13 BIRAGHIGASSE nr. 39/3,
VIENA,
Austria
Principals
Name: Ms OANA GRIGORESCU
Position
within the company: Administrator
Date of
Birth: 16/12/1976
Town of
Birth: BUCURESTI
Country
of Birth: Romania
Nationality: Romanian
NOTE: Regarding the release of the information’s with personal character, as a consequence of the modification of the Law 26 / 1990 regarding the Trade Registry through the Government Decree no. 82 / 2007, the Trade Registry no longer provides information’s with personal character such as personal numeric code and the residence of the natural persons who have the quality of associate, shareholder, legal representative, censor and auditor of the companies.
Trade Registry provides only an minimum of information’s, necessary and sufficient for the identification of the natural person who have those qualities, respective name and surname, date and place of birth, capital percentage and the quality tenure.
Company Activities
Declared
objects of activity:
Main:
Wholesale of
chemical products
Operations
Employees Company Employs: 10 (at the end of 2006)
HQ Premises Operates from: Owned
Offices , Warehouse
Location: Central
Business Area
Branches WORKING SITE,
B‑dul IULI,
BUCURESTI,
Romania
Related Companies
Affiliates
WEBER &
PARTNERS CONSULT SRL
Str.
Reconstructiei 10,
BUCURESTI,
Romania
Start Date:
2003
Related
through: a common shareholder
Other
information: Reg. no:J40/3640/2003
Bankers
Financial Information
Figures
are: Official
Figures
Currency: Euros
Months Sales Figures
Sales Gross Profit/Loss NetProfit/Loss
12 31/12/2006 2,927,860.00 109,045
12 31/12/2005 2,110,583.00
28,007
12 31/12/2004 1,945,277.00 112,428
Payments
Subject's
payments reported to be: TERMS
EXCEEDED
Interview &
Reporter Comments
Date: 29/01/2008
Name/Title: OANA
GRIGORESCU Administrator
Comment: Subject
was too busy to provide/confirm any information.
Reporter
Comment Date: 01/02/2008
Reporter
Comment: We
contacted the company and spoke with the secretary who told us that
Ms. Oana Grigorescu (Shareholder and Administrator) wasn’t available for the
moment but she said that Ms. Grigorescu will call us when she will have time, but
that this didn’t happened.We cannot provide
therefore any additional data, since interviewing the subject was not possible.
Please note that the subject is listed with overdue debts
as follows:
‑ EUR 33 to
the state budget representing interest
and penalties;
‑ EUR 163 to
the social securities budget representing
interest and penalties;
‑ EUR 163 to
the health social securities budget representing interest and penalties.
For all the debts showed legal enforcement has already
begun.
Please find below the company's financials (the latest
available from official sources).
BRIEF FINANCIALS
HSH CHEMIE SRL
Figures are: Official figures
Date obtained: 28/01/2008
Currency: EUROS
DATE
OF FIGURES
FISCAL YEAR
BALANCE
SHEET
Indicators 2005 2006
TOTAL Fixed Assets 245.247 328.950
TOTAL Current Assets, from which: 947.262 935.534
Stock 486.917 455.899
Cash 167.515 58.474
Receivables 292.830 397.305
NET WORTH, from which: 247.307 400.979
Paid up capital 127.002 219.209
Patrimony of state owned companies 0 0
Public patrimony 0 0
Provisions 0 0
TOTAL Liabilities 952.624 866.635
PROFIT
& LOSS ACCOUNT
Indicators 2005 2006
Turnover 2.110.583 2.927.860
TOTAL Income 2.185.573 3.037.952
TOTAL Expenditures 2.150.581 2.905.802
Pre-Tax Profit 34.991 132.150
Gross loss 0 0
Net Profit 28.007 109.045
Net loss 0 0
Number of employees 9 10
NOTE
The conversion from local currency to EUROS is made at the medium rate of
exchange for 2005/2006
Conclusions
Local
Reputation: The
Company being investigated is believed by local reporters to be a slightly
above average Trade Risk.
Financial
Results Trend: There
is an uneven trend in the financial results and business activities.
Age of
Business: The
company is long established in the local market.
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. |
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%)