MIRA
INFORM REPORT
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Report Date : |
24.11.2008 |
IDENTIFICATION DETAILS
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Name : |
KOLMAR GROUP
AG |
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Registered Office : |
Laubehof 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 and Oil 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 : |
EUR 500.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
Kolmar Group
AG
Line
of Business
Chemikalien
Legal
domicile
Metallstrasse 9
6300 Zug/ZG
Business address
Laubehof
Metallstrasse 9
6300 Zug/ZG
Telephone: 041 7275700
Fax: 041
7275701
Homepage: www.kolmargroup.com
E-Mail: functiontrading@kolmargroup.com
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overall
assessment: |
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Business connections are
permissible. |
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detail
assessment: |
payments: |
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No complaints |
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individual
credit limit*: |
EUR 500.000,-- |
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: 22-05-2008
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
Registered translations of the Company name:
English Kolmar Group
Ltd
French Kolmar Group
SA
ACTIVITY
Line of business: Trade in
petrochemicals and oil products
Sector: Wholesale
Activity:
The scope of business encompasses the trade with petrochemicals,
aromatics, octane and gasoline components, fibre intermediates, oil products,
alcohols, plasticizers, etc.
Kolmar Group AG has over 20 offices.
Trading area: International
EMPLOYEES
Number of employees: 60
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 sureties.
FINANCIAL DATA:
Financial position: The financial
affairs are considered to be in order.
Financial Statements: The company does not disclose detailed financial statements.
The company hardly provides any inside information about its financial situation to third parties.
Consolidated key figures (in CHF 1.000.000):
31.12.2006
Sales 2'118.0
In 2007, group sales exceeded the US$ 3,200 million mark.
Banker(-s)
Various major banks local
branches
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.,
In addition, further subsidiaries are located in the
BOARD OF DIRECTORS:
Ruth Sandelowsky, from
Zug/ZG/Switzerland,
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 is married to Steven Sandelowsky and lives at the
address Eschenring 10 in 6300 Zug.
The top-level members of the management enjoy a good reputation in
business affairs.
FURTHER
MANDATES
Ruth Sandelowsky:
- Kolmar
Fibres AG, Zug
COMMENTS
Third parties are currently not permitted any further insight into the
subject's corporate affairs.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.09 |
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1 |
Rs.74.90 |
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Euro |
1 |
Rs.63.40 |
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%)