MIRA INFORM REPORT

 

 

Report Date :

22.01.2008

 

IDENTIFICATION DETAILS

 

Name :

Globe Chemicals GmbH

 

 

Registered Office :

Spohrstr. 2, 22083 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

04.09.1984

 

 

Com. Reg. No.:

HRB 33240

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Other Inorganic Basic Chemicals

Wholesale Trade in Chemical Technical Products

 

 

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

 

Globe Chemicals GmbH

Spohrstr. 2

22083 Hamburg

Telephone:        040/2715250

Telefax:             040/27152552

Homepage:        www.globe-chemicals.com

E-Mail:              info@globe-chemicals.com

 

 

VAT no.

 

DE118704050

 

 

Tax ID number

 

71/860/01782

 

 

CONCLUSION

 

The maximum credit is EUR 250.000,00.

 

Business relations are permissible.

 

 

LEGAL FORM 

 

Private limited company

 

 

Date of foundation

 

04.09.1984

 

 

Shareholders' agreement

 

04.09.1984

 

 

Registered on

 

09.10.1984

 

 

Commercial Register

 

Local court 20355 HAMBURG 36

 

 

Under

 

HRB 33240

 

 

Share capital

 

EUR          2.900.000,00

 

 

Shareholder

 

Klaus Wilhelm Kesting

Schanze 15

21465 Reinbek

born 28.12.1943

Share:             EUR          1.940.000,00

 

 

Shareholder

 

Herbert Braasch

Hagenau 62

22089 Hamburg

born 09.03.1947

Share:             EUR            960.000,00

 

 

Manager

 

Klaus Wilhelm Kesting

Schanze 15

21465 Reinbek

having sole power of representation

born 28.12.1943

Occupation: Businessman

Marital status: married

 

 

Manager

 

Herbert Braasch

Hagenau 62

22089 Hamburg

having sole power of representation

born 09.03.1947

Occupation: Businessman

Marital status: married

 

 

Proxy

 

Dirk Begier

22969 Witzhave

authorized to jointly represent the company

born 16.02.1966

 

 

Proxy

 

Dagmar Kanning

22083 Hamburg

authorized to jointly represent the company

born: Delfs

born 31.10.1957

Occupation: Businessman

 

 

Further functions/participations of

Klaus Wilhelm Kesting (Manager)

 

Shareholder:

TAXON Unternehmensberatungs- gesellschaft mbH

Hamburger Str. 11

22083 Hamburg

Legal form: Private limited company

Share capital:     EUR             71.580,86

Share:   EUR             14.316,17

Reg. Data:  30.08.1990

HRB 45246

20355 HAMBURG 36

 

 

Further functions/participations of

Herbert Braasch (Manager)

 

Limited Partner:

Hermes - Reisebüro Dr. Ernst Kreger -

Michael Boberg KG

Moorstr. 23

21073 Hamburg

Legal form: Limited partnership

Total cap. contribution: EUR       30.677,51

Share:   EUR             12.782,30

Reg. Data:  17.06.1955

HRA 58877

20355 HAMBURG 36

 

Shareholder:

CYQUEST GmbH

Gärtnerstr. 20

Post Box: 60 55 52

20253 Hamburg

Legal form: Private limited company

Share capital:     EUR             25.000,00

Share:    EUR                700,00

Reg. Data:  25.09.2001

HRB 81461

20355 HAMBURG 36

 

Manager:

Kompanie Ultramar Sievers & Co. G.m.b.H.

Spohrstr. 2

Post Box: 111244

22083 Hamburg

Legal form: Private limited company

Share capital:     EUR            383.468,91

Reg. Data:  08.02.1965

HRB 10805

20355 HAMBURG 36

 

Manager:

Trees for People GmbH

Spohrstr. 2

22083 Hamburg

Legal form: Private limited company

Share capital:     EUR            900.000,00

Reg. Data:  24.09.2001

HRB 81436

20355 HAMBURG 36

 

 

BUSINESS HISTORY

 

09.10.1984 

Globe Specialities Fabrikation

pharmazeutischer Präparate GmbH

Spohrstr. 2

22083 Hamburg

Private limited company

07.10.1988 

Globe Industriechemikalien GmbH

Spohrstr. 2

22083 Hamburg

Private limited company

 

 

BUSINESS ACTIVITIES

 

2413

MANUFACTURE OF OTHER INORGANIC BASIC CHEMICALS

51554

WHOLESALE TRADE IN CHEMICAL TECHNICAL PRODUCTS

 

 

PARTICIPATION

 

Limited Partner:

Agrar Wildberg Vertriebs-GmbH & Co. KG

Pfalzgrafenstr. 27/1

72218 Wildberg

Legal form: Ltd partnership with priv. ltd.

Company as General partner

Total cap. contribution: EUR       53.839,04

Share:    EUR              2.709,85

Reg. Data:  11.12.1997

HRA 341050

70190 STUTTGART 1

Employees:     4

 

Shareholder:

Trees for People GmbH

Spohrstr. 2

22083 Hamburg

Legal form: Private limited company

Share capital:     EUR            900.000,00

Share:  EUR            775.000,00

Reg. Data:  24.09.2001

HRB 81436

20355 HAMBURG 36

 

Shareholder:

Kompanie Ultramar Sievers & Co. G.m.b.H.

Spohrstr. 2

Post Box: 111244

22083 Hamburg

Legal form: Private limited company

Share capital:     EUR            383.468,91

Share:  EUR            383.468,91

Reg. Data:  08.02.1965

HRB 10805

20355 HAMBURG 36

Turnover:          EUR            202.000,00

Employees:  1

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Spohrstr. 2

                                    22083 Hamburg

 

Private real estate

 

Name                            Klaus Wilhelm Kesting

Type of ownership:         proprietor

Address                        Schanze 15

                                    21465 Reinbek

 

Name                            Herbert Braasch

Type of ownership:         proprietor

Address                        Hagenau 62

                                    22089 Hamburg

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, HAMBURG

Sort. code: 20070000

 

HSH NORDBANK HAMBURG, HAMBURG

Sort. code: 20050000

 

 

FIGURES

 

Financial year:               01.01. - 31.12.

Turnover:                       2005    EUR         40.000.000,00

                                    2006    EUR         40.000.000,00

Share capital:                            EUR           2.900.000,00

Value of stocks:                        EUR           1.300.000,00

Equipment:                                EUR              300.000,00

Employees:                   28

- Trainees:                     4

 

Approximate figures are given.


 

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.

 

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