MIRA INFORM REPORT
|
Report Date : |
14.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
SIGAM GMBH |
|
|
|
|
Registered Office : |
Rheingaustr.
190-196, D 65203 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.05.2009 |
|
|
|
|
Date of Incorporation : |
26.09.2002 |
|
|
|
|
Com. Reg. No.: |
HRB
13252 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer
of other chemical products |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
100.000
EUR |
|
Status : |
Good |
|
Payment
Behaviour : |
Regular |
|
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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
name & address
SIGAM GmbH
Main
address:
Rheingaustr. 190-196
D 65203 Wiesbaden
Telephone: 0611/9625293
Telefax:
0611/9629297
E-mail:
contact@sigam.eu
VAT
no.
DE813525985
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private
limited company
Date of foundation: 29.07.2002
Shareholders'
agreement: 29.07.2002
Registered on: 26.09.2002
Commercial Register: Local court 65185 Wiesbaden
under: HRB
13252
Share capital: EUR 25.000,00
Shareholder
Chemagis Ltd.
29 Lehi Street
IL - Bnei Brak
Legal form: Private limited company
Share: EUR 25.000,00
Manager
Dr. Holger Faasch
Götzenloch 8
D 55232 Alzey
having sole power of representation
born: 20.10.1956
Manager:
Philip Borbély
A - Wien
having sole power of representation
born: 01.03.1975
born: Schmuhl
Nationality: Austrian
Marital status: married
Further functions/participations of Philip
Borbély (Manager)
Manager:
Sigam Holding GmbH
Rheingaustr. 190-196
D 65203 Wiesbaden
Legal form: Private
limited company
Share capital: EUR 25.000,00
Registered
on: 26.07.2010
Reg. data: 65185 Wiesbaden, HRB 25020
COMPANY
HISTORY
29.07.2002 - 20.05.2010 Chemagis (Germany) Gesellschaft mit
beschränkter Haftung
Rheingaustr. 190-196
D 65203 Wiesbaden
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
2059
Manufacture of other chemical products n.e.c.
21200
Manufacture of pharmaceutical preparations
46461
Wholesale of pharmaceutical goods
46750
Wholesale of chemical products
PARTICIPATIONS
Limited
partner:
InfraServ GmbH & Co.
Wiesbaden KG
Rheingaustr. 190-196
D 65203 Wiesbaden
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Company Status: active
Total cap. EUR 2.300.813,46
contribution:
Share: EUR 178.952,16
Reg. data: 28.01.1997
Local court
65185 Wiesbaden
HRA 4264
FINANCIAL
INFORMATION
Payment experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 100.000
EUR
Balance sheet year: 2008/2009
REAL
ESTATE
Type of ownership: Tenant
Address Rheingaustr.
190-196
D 65203 Wiesbaden
Land register documents were not
available.
BANKERS
Principal
bank
COMMERZBANK, WIESBADEN
Sort. code: 51040038, BIC: COBADEFF510
FINANCIAL
FIGURES
Turnover: 2008/2009 EUR 25.993.896,00
Profit: 2008/2009 EUR 2.622.446,00
Employees:
78
-
thereof permanent staff: 75
-
Trainees:
3
BALANCE
SHEETS
Balance sheet ratios 2008/2009
Equity ratio [%]: 61,26
Liquidity ratio: 1,66
Return on total capital [%]: 14,12
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: 01.06.2008 - 31.05.2009
ASSETS EUR 18.639.527,15
Fixed assets
EUR 7.322.294,40
Intangible assets
EUR 123.642,60
Concessions, licences, rights
EUR 123.642,60
Tangible assets
EUR 5.348.161,98
Land / similar rights
EUR 218.278,00
Plant / machinery
EUR 4.735.621,00
Other tangible assets / fixtures and
fittings
EUR 282.797,00
Advance payments made / construction
in progress
EUR 111.465,98
Financial assets
EUR 1.850.489,82
Shares in participations /
subsidiaries and the like
EUR 1.850.489,82
Shares in investee companies
EUR 1.850.489,82
Current assets
EUR 11.233.031,05
Stocks
EUR 3.145.368,71
Raw materials, consumables and
supplies
EUR 1.259.642,96
Finished goods / work in progress
EUR 1.885.725,75
Accounts receivable
EUR 7.987.617,16
Trade debtors
EUR 6.961.409,75
Amounts due from related companies
EUR 182.689,62
Other debtors and assets
EUR 843.517,79
Liquid means
EUR 100.045,18
Remaining other assets
EUR 84.201,70
Accruals (assets)
EUR 84.201,70
LIABILITIES EUR 18.639.527,15
Shareholders' equity
EUR 11.442.378,38
Capital
EUR 25.000,00
Subscribed capital (share capital)
EUR 25.000,00
Balance sheet profit/loss (+/-)
EUR 11.417.378,38
Profit / loss brought forward
EUR 8.794.931,96
Annual surplus / annual deficit
EUR 2.622.446,42
Provisions
EUR 2.298.520,62
Pension
provisions and comparable
provisions
EUR 673.819,00
Provisions for taxes
EUR 872.684,84
Other / unspecified provisions
EUR 752.016,78
Liabilities EUR 4.898.628,15
Financial debts
EUR 438,43
Liabilities due to banks
EUR 438,43
Other liabilities
EUR 4.898.189,72
Trade creditors (for IAS incl. bills
of exchange)
EUR 645.013,24
Liabililties due to related companiesEUR 3.036.511,08
Liabilities due to investee companiesEUR 305.293,76
Unspecified
other liabilities EUR 911.371,64
thereof liabilities from tax /
financial authorities
EUR 719.025,47
thereof liabilities from social
security
EUR 712,24
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 25.993.895,87
Inventory change + own costs (+/-)
EUR -1.015.245,96
Inventory change (+/-) EUR -1.015.245,96
Other operating income
EUR 603.216,35
Cost of materials
EUR 10.860.355,49
Raw materials and supplies, purchased
goods
EUR 8.755.797,24
Purchased services
EUR 2.104.558,25
Gross result (+/-)
EUR 14.721.510,77
Staff expenses
EUR 5.062.719,65
Wages and salaries EUR 4.120.626,94
Social security contributions and
expenses for pension plans and
benefits
EUR 942.092,71
Total depreciation
EUR 1.037.733,53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1.037.733,53
Other operating expenses
EUR 5.656.335,92
Operating result from continuing
operations EUR 2.964.721,67
Result from participating interests
(+/-)
EUR 756.839,89
Expenses / income from participations EUR 756.839,89
Income from related companies
EUR 756.839,89
Interest result (+/-)
EUR -141.603,94
Interest and similar income
EUR 25.888,13
Interest and similar expenses
EUR 167.492,07
thereof paid to related companies
EUR 167.230,48
Financial result (+/-)
EUR 615.235,95
Result from ordinary operations (+/-)
EUR 3.579.957,62
Income tax / refund of income tax (+/-)EUR -957.511,20
Tax
(+/-) EUR -957.511,20
Annual surplus / annual deficit
EUR 2.622.446,42
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
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 |
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 |
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.