MIRA INFORM
REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
ATLANTIC CHEMICALS TRADING GMBH |
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Registered Office : |
Hermannstr. 46, D 20095 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
30.09.1985 |
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Com. Reg. No.: |
HRB 34943 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacture of
other 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 : |
188.000 EUR |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name & address
ATLANTIC Chemicals
Trading GmbH
Main address:
Hermannstr. 46
D 20095
Telephone: 040/3344190
Telefax: 040/33441919
Homepage: www.act.de
E-mail: germany@act.de
VAT
no.
DE118522219
Synthesis
LEGAL FORM Private
limited company
Date of
foundation: 16.08.1985
Shareholders'
agreement: 20.08.1985
Registered on: 30.09.1985
Commercial
Register: Local court 20355
under: HRB
34943
Share capital: EUR 3.000.000,00
Shareholder
Dr.rer.nat. Ramin Ghaffari-Tabrizi
Höltystr. 15
D 22085
born: 10.01.1958
Share: EUR 3.000.000,00
Manager
Dr.rer.nat. Ramin Ghaffari-Tabrizi
Höltystr. 15
D 22085
born: 10.01.1958
Profession: Businessman
Marital status: married
Proxy
Oliver Leptien
D 22926 Ahrensburg
having sole power of representation
born: 03.08.1970
Proxy:
Matthias Lohmann
D 20095
having sole power of representation
born: 14.12.1974
Further functions/participations of
Dr.rer.nat. Ramin Ghaffari-Tabrizi (Manager)
Shareholder:
Europe-Asia Import Export
G.m.b.H.
Hermannstr. 40
D 20095
Legal form: Private limited
company
Share capital: EUR 52.000,00
Share: EUR 26.000,00
Registered
on: 28.02.1964
Reg. data: 20355
BUSINESS
ACTIVITIES
Sectors
20590 Manufacture of other chemical products
n.e.c.
32501 Manufacutre of technical instruments and
supplies for medical purposesn.e.c.
46462 Wholesale of medical and orthopedic goods,
dental and laboratory supplies
46750 Wholesale of chemical products
PARTICIPATIONS
Shareholder:
Europe-Asia Import Export
G.m.b.H.
Hermannstr. 40
D 20095
Legal form: Private
limited company
Company Status: active
Share capital: EUR 52.000,00
Share: EUR 5.200,00
Reg. data: 28.02.1964
Local court
20355
HRB 10472
FINANCIAL
INFORMATION
Payment
experience: within
agreed terms
Negative
information: We have no
negative information at hand.
Maximum
credit: 188.000
EUR
Balance sheet
year: 2009
REAL
ESTATE
Type of
ownership: Tenant
Address Hermannstr. 46
D 20095
Private real estate
Name: Ramin Ghaffari-Tabrizi
Type of
ownership: Tenant
Address Höltystr. 15
D 22085
Private real estate
Name: Ramin Ghaffari-Tabrizi
Type of
ownership: Tenant
Address Höltystr. 15
D 22085
Land register documents
were not available.
BANKERS
Principal bank
WARBURG, M.M.-
BANK,
Sort. code:
20120100, BIC: WBWCDEHHXXX
Further banks
Sort. code:
20040000, BIC: COBADEHHXXX
HSH NORDBANK
Sort. code:
21050000, BIC: HSHNDEHHXXX
FINANCIAL
FIGURES
Gross profit or
loss:2009 EUR 12.536.411,00
2010 EUR 12.540.000,00
Profit: 2009 EUR 1.188.364,00
further business
figures:
Total numbers of
vehicles:
5
- Passenger
cars:
5
Employees:
23
BALANCE
SHEETS
Balance sheet ratios
2009
Equity ratio [%]: 22,00
Liquidity
ratio: 1,02
Return on total
capital [%]: 6,22
Balance sheet ratios
2008
Equity ratio
[%]: 17,21
Liquidity
ratio: 0,89
Return on total
capital [%]: 4,21
Equity ratio
The equity ratio indicates the portion of the equity as compared to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of a company.
Liquidity ratio
The liquidity ratio shows the proportion between adjusted receivables and net liabilities. The higher
the ratio, the lower the company's financial dependancy from external
creditors.
Return on total capital
The return on total
capital shows the efficiency and return on the total capital employed in the
company. The higher the return on total capital, the more economically does the
company work with the invested capital.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 19.116.269,60
Fixed assets EUR 926.108,56
Intangible assets EUR 6.953,00
Other / unspecified intangible
assetsEUR 6.953,00
Tangible assets EUR 527.956,00
Other / unspecified tangible assets EUR
527.956,00
Financial assets EUR 391.199,56
Other / unspecified financial assets
EUR 391.199,56
Current assets EUR 18.118.075,30
Stocks EUR 6.203.220,78
Accounts receivable EUR 11.870.633,49
Other debtors and assets EUR 11.870.633,49
Liquid means EUR 44.221,03
Remaining other assets EUR 72.085,74
Accruals (assets) EUR 72.085,74
LIABILITIES EUR 19.116.269,60
Shareholders' equity EUR 4.208.220,87
Capital EUR 2.000.000,00
Subscribed capital (share capital) EUR
2.000.000,00
Reserves EUR 1.000.000,00
Retained earnings / revenue reserves
EUR 1.000.000,00
Balance sheet profit/loss (+/-) EUR 1.208.220,87
Balance sheet profit / loss EUR 1.208.220,87
Provisions
EUR 3.231.030,51
Liabilities EUR 11.677.018,22
Other liabilities EUR 11.677.018,22
Unspecified other liabilities EUR 11.677.018,22
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 12.536.410,86
Staff expenses EUR 2.267.487,95
Wages and salaries EUR 1.810.272,12
Social security contributions and
expenses for pension plans and
benefits EUR 457.215,83
Total depreciation EUR 115.945,56
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 115.945,56
Other operating expenses EUR 7.350.807,97
Operating result from continuing
operations EUR 2.802.169,38
Result from participating interests
(+/-) EUR 90.000,00
Expenses / income from participations
EUR 90.000,00
Income from related companies EUR 90.000,00
Interest result (+/-) EUR -805.701,83
Interest and similar income EUR 28.079,02
Interest and similar expenses EUR 833.780,85
Other financial result EUR -53.824,00
Depreciation on financial assets and
marketable securities EUR 53.824,00
Financial result (+/-) EUR -769.525,83
Result from ordinary operations (+/-) EUR
2.032.643,55
Income tax / refund of income tax
(+/-)EUR -842.108,09
Other taxes / refund of taxes EUR -2.171,00
Tax (+/-) EUR -844.279,09
Annual surplus / annual deficit EUR 1.188.364,46
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 17.526.165,60
Fixed assets EUR 773.932,84
Intangible assets EUR 7.129,00
Other / unspecified intangible
assetsEUR 7.129,00
Tangible assets EUR 400.788,00
Other / unspecified tangible assets EUR
400.788,00
Financial assets EUR 366.015,84
Other / unspecified financial assets
EUR 366.015,84
Current assets EUR 16.696.119,76
Stocks EUR 4.832.625,00
Accounts receivable EUR 11.651.214,41
Other debtors and assets EUR 11.651.214,41
Liquid means EUR 212.280,35
Remaining other assets EUR 56.113,00
Accruals (assets) EUR 56.113,00
LIABILITIES EUR 17.526.165,60
Shareholders' equity EUR 3.019.856,41
Capital EUR 1.000.000,00
Subscribed capital (share capital) EUR
1.000.000,00
Reserves EUR 670.000,00
Capital reserves EUR 370.000,00
Retained earnings / revenue reserves
EUR 300.000,00
Balance sheet profit/loss (+/-) EUR 1.349.856,41
Balance sheet profit / loss EUR 1.349.856,41
Provisions EUR 1.177.765,00
Liabilities EUR 13.328.544,19
Other liabilities EUR 13.328.544,19
Unspecified other liabilities EUR 13.328.544,19
Profit and loss
account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 8.475.539,90
Staff expenses EUR 1.496.475,79
Wages and salaries EUR 1.354.467,91
Social security contributions and
expenses for pension plans and
benefits EUR 142.007,88
Total depreciation EUR 87.666,96
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 87.666,96
Other operating expenses EUR 4.673.370,64
Operating result from continuing
operations EUR 2.218.026,51
Interest result (+/-) EUR -960.353,25
Interest and similar income EUR 13.910,44
Interest and similar expenses EUR 974.263,69
Financial result (+/-) EUR -960.353,25
Result from ordinary operations (+/-) EUR
1.257.673,26
Income tax / refund of income tax
(+/-)EUR -516.224,08
Other taxes / refund of taxes EUR -2.948,02
Tax (+/-) EUR -519.172,10
Annual surplus / annual
deficit EUR 738.501,16
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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|
1 |
Rs.71.97 |
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Euro |
1 |
Rs.63.23 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.