MIRA
INFORM REPORT
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Report Date : |
28.04.2011 |
IDENTIFICATION DETAILS
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Name : |
GLOBE CHEMICALS GMBH |
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Registered Office : |
Spohrstr. 2 D 22083
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
04.09.1984 |
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Com. Reg. No.: |
HRB 33240 |
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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 : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
73.000 EUR |
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Status : |
Good |
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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 |
Name and address
Globe Chemicals GmbH
Main address:
Spohrstr. 2
D 22083
Telephone:040/2715250
Telefax:
040/27152525
Homepage: www.globe-chemicals.com
E-mail:
info@globe-chemicals.com
VAT no
DE118704050
Tax ID number
71/860/01782
Registration data
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
under: HRB 33240
Share capital
EUR 2.900.000,00
Shareholder
Klaus Wilhelm Kesting
D 22301
born: 28.12.1943
Share: EUR 1.940.000,00
Shareholder:
Herbert Braasch
Hagenau 62
D 22089
born: 09.03.1947
Share: EUR 960.000,00
Manager
Klaus Wilhelm Kesting
D 22301
having sole power of representation
born: 28.12.1943
Profession: Businessman
Marital status: married
Manager:
Herbert Braasch
Hagenau 62
D 22089
having sole power of representation
born: 09.03.1947
Profession: Businessman
Marital status: married
Proxy
Dirk Begier
D 22969 Witzhave
authorized to jointly represent the company
born: 16.02.1966
Proxy:
Dagmar Lepouse
D 22083
authorized to jointly represent the company
born: 31.10.1957
née: Delfs
Profession: Businessman
Further functions/participations of Klaus Wilhelm Kesting
(Manager)
Limited
partner:
Grundstücksgesellschaft Quedlinburg mbH
&
Lippmannstr. 2-6
D 22769
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 30.680,51
contribution:
Share: EUR 13.654,49
Registered
on:
02.03.1999
Reg. data:
20355
Shareholder:
Trees for People GmbH
Spohrstr. 2
D 22083
Legal form: Private limited company
Share capital: EUR 900.000,00
Share: EUR 125.000,00
Registered
on:
24.09.2001
Reg. data:
20355
Manager:
Kompanie Ultramar Sievers & Co. G.m.b.H.
Spohrstr. 2
D 22083
Post Box:
111244
Legal form: Private limited company
Share capital: EUR 383.468,91
Registered
on:
08.02.1965
Reg. data:
20355
Manager:
Trees for People GmbH
Spohrstr. 2
D 22083
Legal form: Private limited company
Share capital: EUR 900.000,00
Registered
on:
24.09.2001
Reg. data:
20355
Member
of the Board of Directors:
Kesting-Fischer gemeinnützige Stiftungs AG
Curienstr. 2
D 20095
Legal form: Public limited company
Share capital: EUR 50.000,00
Registered
on:
03.04.2008
Reg. data:
20355
Further functions/participations of Herbert Braasch (Manager)
Shareholder:
CYQUEST GmbH
Gärtnerstr. 20
D 20253
Post Box:
60 55 52, D 22250
Legal form: Private limited company
Share capital: EUR 25.000,00
Share: EUR 700,00
Registered
on:
25.09.2001
Reg. data:
20355
Manager:
Kompanie Ultramar Sievers & Co. G.m.b.H.
Spohrstr. 2
D 22083
Post Box:
111244
Legal form: Private limited company
Share capital: EUR 383.468,91
Registered
on:
08.02.1965
Reg. data:
20355
Manager:
Trees for People GmbH
Spohrstr. 2
D 22083
Legal form: Private limited company
Share capital: EUR 900.000,00
Registered
on:
24.09.2001
Reg. data:
20355
COMPANY HISTORY
09.10.1984 - 08.05.1988 Globe
Specialities
Fabrikationpharmazeutischer Präparate
GmbH
Spohrstr.
2
D 22083
Private
limited company
09.05.1988 - 07.10.1988 Globe
Industriechemikalien GmbH (HRB
31043 AG
Spohrstr.
2
D 22083
Private
limited company
07.10.1988 - 21.03.1997 GLOBE
Food International GmbH (HRB 52951
AG
Spohrstr.
2
D 22083
Private
limited company
BUSINESS ACTIVITIES
Sectors
46750 Wholesale of chemical
products
PARTICIPATIONS
Shareholder:
Trees for People GmbH
Spohrstr. 2
D 22083
Legal form: Private limited company
Company Status: active
Share capital: EUR 900.000,00
Share: EUR 775.000,00
Reg. data:
24.09.2001
Local court 20355
HRB 81436
Shareholder:
Kompanie Ultramar Sievers & Co. G.m.b.H.
Spohrstr. 2
D 22083
Post Box:
111244
Legal form: Private limited company
Company Status: active
Share capital: EUR
383.468,91
Share: EUR 383.468,91
Reg. data:
08.02.1965
Local court 20355
HRB 10805
FINANCIAL INFORMATION
Payment experience: within agreed
terms
Negative information:We have no negative information at hand.
Maximum credit: 73.000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Spohrstr. 2
D 22083
Real Estate of:: Klaus Wilhelm
Kesting
Type of ownership: proprietor
Share: 100,00 %
Address
D 22301
Real Estate of:: Herbert
Braasch
Type of ownership: Tenant
Address Hagenau 62
D 22089
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK,
Sort. code: 20070000, BIC: DEUTDEHHXXX
Further bank
HSH NORDBANK
Sort. code: 20050000, BIC: HSHNDEHH200
FINANCIAL FIGURES
Gross
profit or loss:2009
EUR 4.288.920,00
Profit: 2009 EUR 174.632,00
Employees:
24
BALANCE SHEETS
Balance
sheet ratios 2009
Equity
ratio [%]: 21,83
Liquidity
ratio: 1,18
Return
on total capital [%]: 1,01
Balance
sheet ratios 2008
Equity
ratio [%]: 18,62
Liquidity
ratio: 0,99
Return
on total capital [%]: 0,20
Balance
sheet ratios 2007
Equity
ratio [%]: 20,73
Liquidity
ratio: 1,07
Return
on total capital [%]: 1,38
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 17.437.539,33
Fixed assets EUR 2.951.095,28
Intangible assets EUR 292.995,00
Other / unspecified intangible
assetsEUR 292.995,00
Tangible assets EUR 108.341,50
Other tangible assets / fixtures and
fittings EUR 108.341,50
Financial assets EUR 2.549.758,78
Other / unspecified financial assets
EUR 2.549.758,78
Current assets EUR 14.396.495,12
Stocks EUR
1.858.124,73
Accounts receivable EUR 12.223.672,59
Other debtors and assets EUR 12.223.672,59
Liquid means EUR 314.697,80
Remaining other assets EUR 89.948,93
Accruals (assets) EUR 89.948,93
LIABILITIES EUR 17.437.539,33
Shareholders' equity EUR 3.920.336,55
Capital EUR 2.900.000,00
Subscribed capital (share capital) EUR
2.900.000,00
Balance sheet profit/loss (+/-) EUR 1.020.336,55
Balance sheet profit / loss EUR 1.020.336,55
Provisions EUR 2.850.987,73
Liabilities EUR 10.666.215,05
Other liabilities EUR 10.666.215,05
Unspecified other liabilities EUR 10.666.215,05
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 4.288.920,07
Staff expenses EUR 1.755.125,75
Wages and salaries EUR 1.539.613,62
Social security contributions and
expenses for pension plans and
benefits EUR 215.512,13
Total depreciation EUR 73.197,53
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 73.197,53
Other operating expenses EUR 1.964.644,96
Operating result from continuing
operations EUR 495.951,83
Interest result (+/-) EUR -223.901,89
Interest and similar income EUR 236.372,20
thereof from related companies EUR 55.000,00
Interest and similar expenses EUR 460.274,09
thereof paid to related companies EUR 4.000,00
Financial result (+/-) EUR -223.901,89
Result from ordinary operations (+/-) EUR
272.049,94
Income tax / refund of income tax (+/-)EUR -94.942,48
Other taxes / refund of taxes EUR -2.475,85
Tax (+/-) EUR -97.418,33
Annual surplus / annual deficit EUR 174.631,61
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 19.432.419,11
Fixed assets EUR 2.602.046,78
Intangible assets EUR 313.606,00
Other / unspecified intangible
assetsEUR 313.606,00
Tangible assets EUR 49.399,50
Other tangible assets / fixtures and
fittings EUR 49.399,50
Financial assets EUR 2.239.041,28
Other / unspecified financial assets
EUR 2.239.041,28
Current assets EUR 16.828.876,08
Stocks EUR 3.291.638,56
Accounts receivable EUR 12.946.355,07
Other debtors and assets EUR 12.946.355,07
Liquid means EUR 590.882,45
Remaining other assets EUR 1.496,25
Accruals (assets) EUR 1.496,25
LIABILITIES EUR 19.432.419,11
Shareholders' equity EUR 3.745.704,94
Capital EUR
2.900.000,00
Subscribed capital (share capital) EUR
2.900.000,00
Balance sheet profit/loss (+/-) EUR 845.704,94
Balance sheet profit / loss EUR 845.704,94
Provisions EUR 2.067.203,00
Liabilities EUR 13.616.511,17
Other liabilities EUR 13.616.511,17
Unspecified other liabilities EUR 13.616.511,17
Other liabilities EUR 3.000,00
Deferrals (liabilities) EUR 3.000,00
Profit
and loss account (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 8.049.012,15
Staff expenses EUR 1.606.145,01
Wages and salaries EUR 1.290.671,13
Social security contributions and
expenses for pension plans and
benefits EUR 315.473,88
Total depreciation EUR 58.557,28
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 58.557,28
Other operating expenses EUR
4.860.694,36
Operating result from continuing
operations EUR 1.523.615,50
Interest result (+/-) EUR -586.643,49
Interest and similar income EUR 200.924,81
thereof from related companies EUR 49.000,00
Interest and similar expenses EUR 787.568,30
Other financial result EUR -870.960,18
Depreciation on financial assets and
marketable securities EUR 870.960,18
Financial result (+/-) EUR -1.457.603,67
Result from ordinary operations (+/-) EUR 66.011,83
Income tax / refund of income tax
(+/-)EUR -25.629,01
Other taxes / refund of taxes EUR -1.356,46
Tax (+/-) EUR -26.985,47
Annual surplus / annual deficit EUR 39.026,36
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.40 |
|
|
1 |
Rs.73.26 |
|
Euro |
1 |
Rs.65.17 |
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 |
|
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 |
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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.