MIRA INFORM
REPORT
|
Report Date : |
20.08.2011 |
Supplement
We refer to your enquiry of 03.02.2011. In the meantime there have been
changes in particular in the following areas subject to monitoring:
- Balance sheets
- Company name & address
Company name & address
Emery Oleochemicals GmbH
Main address:
Henkelstr.
67
D 40589
Düsseldorf
Telephone: 0211/79400
Homepage:
www.cognis.com
E-mail: info@cognis.com
VAT no
DE811244157
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL
FORM Private limited company
Date of
foundation: 1898
Shareholders'
agreement: 18.11.1968
Registered
on: 03.11.2005
Commercial
Register: Local court 40213 Düsseldorf
under: HRB
52759
Share
capital: EUR 1,280,000.00
Shareholder
Cognis
Oleochemicals UK Limited
GB England
Legal
form: Other legal form
Share: EUR 1,280,000.00
Manager
Hans
Peter Eckardt
D 83376
Truchtlaching
authorized
to jointly represent the company
born:
01.04.1967
Proxy
Martin
Bähr
D 40764
Langenfeld
authorized
to jointly represent the company
born:
27.05.1958
Proxy:
Astrid
Wedler
Jordingstr.
1
D 47119
Duisburg
authorized
to jointly represent the company
born:
07.02.1966
née:
Schaut
Proxy:
Angela
Sahm
D 40822
Mettmann
authorized
to jointly represent the company
born:
07.11.1967
Proxy:
Vivika
Gramke
D 47798
Krefeld
authorized
to jointly represent the company
born:
27.02.1971
COMPANY HISTORY
23.03.1938 - 03.11.2005 Neynaber Chemie GmbH
Am Wedenberg 1
D 27612 Loxstedt
Private limited
company
03.11.2005 - 03.11.2005 Cognis Oleochemicals GmbH
Henkelstr. 67
D 40589 Düsseldorf
Private limited
company
04.11.2005 - 18.05.2009 Cognis Oleochemicals GmbH (bis
18.05.2009)
Henkelstr. 67
D 40589 Düsseldorf
Private limited
company
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
16.11.2005 - 17.12.2009 Manager
Andreas Meinz
D 47798 Krefeld
BUSINESS ACTIVITIES
Sectors
20590 Manufacture of other chemical products
n.e.c.
46750 Wholesale of chemical products
FINANCIAL INFORMATION
Payment experience: within agreed terms
Negative
information: We have no negative
information at hand.
Maximum credit: 250,000
EUR
Balance sheet year: 2010
REAL ESTATE
Type of
ownership: Tenant
Address Henkelstr.
67
D 40589 Düsseldorf
Land register
documents were not available.
BANKERS
COMMERZBANK, DÜSSELDORF
Sort.
code: 30040000, Account no.: 1140540, BIC: COBADEDDXXX
HSBC TRINKAUS & BURKHARDT, DÜSSELDORF
Sort.
code: 30030880, BIC: TUBDDEDDXXX
FINANCIAL FIGURES
Turnover: 2009 EUR 219,175,250.00
2010 EUR 294,669,157.00
Profit: 2009 EUR 37,962.00
2010 EUR 6,188,436.00
further business figures:
Ac/ts receivable: EUR 48,152,792.00
Liabillities: EUR 56,746,209.00
Employees:
350
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 34.29
Liquidity ratio: 1.11
Return on total capital [%]: 9.04
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 34.11
Liquidity ratio: 0.92
Return on total capital [%]: 0.03
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 31.99
Liquidity ratio: 1.03
Return on total capital [%]: -2.96
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 35.74
Liquidity ratio: 0.84
Return on total capital [%]: 2.66
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: 01.01.2010 - 31.12.2010
ASSETS EUR 141,772,270.96
Fixed assets EUR 42,352,047.98
Intangible assets
EUR 7,609,874.00
Other / unspecified intangible assetsEUR 7,609,874.00
Tangible assets
EUR 34,742,173.98
Other / unspecified tangible assets
EUR 34,742,173.98
Current assets
EUR 99,263,851.31
Stocks
EUR 39,959,914.81
Accounts receivable
EUR 48,152,792.79
Other debtors and assets
EUR 48,152,792.79
Liquid means
EUR 11,151,143.71
Remaining other assets
EUR 156,371.67
Accruals (assets)
EUR 156,371.67
LIABILITIES EUR 141,772,270.96
Shareholders' equity
EUR 48,560,669.62
Capital
EUR 1,280,000.00
Subscribed capital (share capital)
EUR 1,280,000.00
Reserves
EUR 38,193,064.47
Capital reserves
EUR 38,166,789.59
Retained earnings / revenue reserves EUR 26,274.88
Balance sheet profit/loss (+/-)
EUR 9,087,605.15
Balance sheet profit / loss
EUR 9,087,605.15
Items between shareholders' equity and
debt capital
EUR 103,584.26
Special items with reserve funds
EUR 103,584.26
Provisions
EUR 36,361,808.07
Liabilities
EUR 56,746,209.01
Other liabilities
EUR 56,746,209.01
Unspecified other liabilities
EUR 56,746,209.01
Profit and loss account (cost of sales method)
according to Comm.
Code (HGB)
Sales
EUR 294,669,156.79
Manufacturing costs
EUR 246,355,857.39
Gross result on sales
EUR 48,313,299.40
Distribution costs
EUR 21,837,257.20
General administration expenses
EUR 6,547,625.60
Research and development costs
EUR 2,789,618.37
Other
operating income EUR 6,835,572.94
Other operating expenses
EUR 7,386,480.00
Operating result from continuing
operations
EUR 16,587,891.17
Financial result (+/-)
EUR -2,604,133.66
Result from ordinary operations (+/-)
EUR 13,983,757.51
Extraordinary expenses
EUR 6,207,908.00
Extraordinary result (+/-)
EUR -6,207,908.00
Other extraordinary income
EUR 10,311.96
Income tax / refund of income tax (+/-)EUR -1,597,725.90
Tax (+/-)
EUR -1,597,725.90
Annual surplus / annual deficit
EUR 6,188,435.57
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 127,837,428.13
Fixed assets
EUR 43,341,835.74
Intangible
assets EUR 8,317,353.00
Other / unspecified intangible assetsEUR 8,317,353.00
Tangible assets
EUR 35,024,482.74
Other / unspecified tangible assets
EUR 35,024,482.74
Current assets
EUR 84,403,477.06
Stocks
EUR 32,322,399.81
Accounts receivable
EUR 35,871,316.72
Other debtors and assets
EUR 35,871,316.72
Liquid means
EUR 16,209,760.53
Remaining other assets
EUR 92,115.33
Accruals (assets)
EUR 92,115.33
LIABILITIES EUR 127,837,428.13
Shareholders' equity
EUR 42,345,959.17
Capital
EUR 1,280,000.00
Subscribed capital (share capital)
EUR 1,280,000.00
Reserves EUR 38,166,789.59
Capital reserves
EUR 38,166,789.59
Balance sheet profit/loss (+/-)
EUR 2,899,169.58
Balance sheet profit / loss
EUR 2,899,169.58
Items between shareholders' equity and
debt capital
EUR 113,896.22
Special items with reserve funds
EUR 113,896.22
Provisions
EUR 26,189,570.65
Liabilities EUR 59,188,002.09
Other liabilities
EUR 59,188,002.09
Unspecified other liabilities
EUR 59,188,002.09
Sales
EUR 219,175,249.94
Manufacturing
costs EUR 194,170,412.28
Gross result on sales
EUR 25,004,837.66
Research and development costs
EUR 1,873,139.49
Other operating income
EUR 7,146,841.76
Other operating expenses
EUR 28,227,946.68
Operating result from continuing
operations
EUR 2,050,593.25
Financial result (+/-)
EUR -2,035,396.41
Result from ordinary operations (+/-)
EUR 15,196.84
Other extraordinary income
EUR 10,311.96
Income tax / refund of income tax (+/-)EUR 12,453.26
Tax (+/-)
EUR 12,453.26
Annual surplus / annual deficit
EUR 37,962.06
MIRA INFORM
REPORT
|
Inquiry Date : |
02.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
EMERY OLEOCHEMICALS GMBH |
|
|
|
|
Registered Office : |
Henkelstr. 67, D 40589 Düsseldorf |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Year of Establishment : |
1898 |
|
|
|
|
Com. Reg. No.: |
HRB 52759 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture and Wholesale of Chemical
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 |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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
Emery Oleochemicals
GmbH
Main address:
Henkelstr. 67
D 40589 Düsseldorf
Telephone:0211/79400
Homepage: www.cognis.com
E-mail: info@cognis.com
VAT no
DE811244157
CONCLUSION
Business relations are
permissible.
SYNTHERIS
LEGAL FORM Private limited company
Date of foundation: 1898
Shareholders'
agreement: 18.11.1968
Registered on: 03.11.2005
Commercial Register: Local
court 40213 Düsseldorf
under: HRB 52759
Share capital: EUR 1.280.000,00
Shareholder
Cognis Oleochemicals UK Limited
GB England
Legal form: Other legal form
Share: EUR 1.280.000,00
Manager
Hans Peter Eckardt
D 83376 Truchtlaching
authorized to jointly represent the company
born: 01.04.1967
Proxy
Martin Bähr
D 40764 Langenfeld
authorized to jointly represent the company
born: 27.05.1958
Proxy:
Astrid Wedler
Jordingstr. 1
D 47119 Duisburg
authorized to jointly represent the company
born: 07.02.1966
née: Schaut
Proxy:
Angela Sahm
D 40822 Mettmann
authorized to jointly represent the company
born: 07.11.1967
Proxy:
Vivika Gramke
D 47798 Krefeld
authorized to jointly represent the company
born: 27.02.1971
COMPANY HISTORY
23.03.1938 -
03.11.2005 Neynaber Chemie GmbH
Am Wedenberg 1
D 27612 Loxstedt
Private limited company
03.11.2005 -
03.11.2005 Cognis Oleochemicals GmbH
Henkelstr. 67
D
40589 Düsseldorf
Private limited company
04.11.2005 -
18.05.2009 Cognis Oleochemicals GmbH (bis
18.05.2009)
Henkelstr. 67
D 40589 Düsseldorf
Private limited company
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
16.11.2005 - 17.12.2009 Manager
Andreas Meinz
D 47798 Krefeld
BUSINESS ACTIVITIES
Sectors
20590 Manufacture of other
chemical products n.e.c.
46750 Wholesale of
chemical products
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 250.000
EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Henkelstr.
67
D 40589 Düsseldorf
Land register documents
were not available.
BANKERS
COMMERZBANK, DÜSSELDORF
Sort. code: 30040000, Account no.: 1140540, BIC: COBADEDDXXX
HSBC TRINKAUS & BURKHARDT, DÜSSELDORF
Sort. code: 30030880, BIC: TUBDDEDDXXX
FINANCIAL FIGURES
Turnover: 2009 EUR 219.175.250,00
Profit: 2009 EUR 37.962,00
Employees:
350
BALANCE SHEETS
Balance sheet ratios 2009
Equity ratio [%]: 34,11
Liquidity ratio: 0,92
Return on total capital [%]: 0,03
Balance sheet ratios 2008
Equity ratio [%]: 31,99
Liquidity ratio: 1,03
Return on total capital [%]: -2,96
Balance sheet ratios 2007
Equity ratio [%]: 35,74
Liquidity ratio: 0,84
Return on total capital [%]: 2,66
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 127.837.428,13
Fixed assets
EUR 43.341.835,74
Intangible assets
EUR 8.317.353,00
Other / unspecified intangible assetsEUR 8.317.353,00
Tangible assets
EUR 35.024.482,74
Other / unspecified tangible assets
EUR 35.024.482,74
Current assets
EUR 84.403.477,06
Stocks
EUR 32.322.399,81
Accounts receivable
EUR 35.871.316,72
Other debtors and assets
EUR 35.871.316,72
Liquid means
EUR 16.209.760,53
Remaining other assets
EUR 92.115,33
Accruals (assets)
EUR 92.115,33
LIABILITIES EUR 127.837.428,13
Shareholders' equity
EUR 42.345.959,17
Capital EUR 1.280.000,00
Subscribed capital (share capital)
EUR 1.280.000,00
Reserves
EUR 38.166.789,59
Capital reserves
EUR 38.166.789,59
Balance sheet profit/loss (+/-)
EUR 2.899.169,58
Balance sheet profit / loss
EUR 2.899.169,58
Items between shareholders' equity and
debt capital
EUR 113.896,22
Special items with reserve funds
EUR 113.896,22
Provisions
EUR 26.189.570,65
Liabilities
EUR 59.188.002,09
Other liabilities
EUR 59.188.002,09
Unspecified other liabilities
EUR 59.188.002,09
Sales
EUR 219.175.249,94
Manufacturing costs
EUR 194.170.412,28
Gross result on sales
EUR 25.004.837,66
Research and development costs
EUR 1.873.139,49
Other operating income
EUR 7.146.841,76
Other operating expenses
EUR 28.227.946,68
Operating result from continuing
operations EUR 2.050.593,25
Financial result (+/-)
EUR -2.035.396,41
Result from ordinary operations (+/-)
EUR 15.196,84
Other extraordinary income
EUR 10.311,96
Income tax / refund of income tax (+/-)EUR 12.453,26
Tax (+/-)
EUR 12.453,26
Annual surplus / annual deficit
EUR 37.962,06
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 136.877.669,56
Fixed assets
EUR 46.827.053,29
Intangible assets
EUR 10.015.081,00
Other / unspecified intangible
assetsEUR 10.015.081,00
Tangible assets
EUR 36.811.972,29
Other / unspecified tangible assets
EUR 36.811.972,29
Current assets
EUR 90.006.128,52
Stocks
EUR 29.325.814,37
Accounts receivable
EUR 39.621.315,20
Other debtors and assets
EUR 39.621.315,20
Liquid means
EUR 21.058.998,95
Remaining other assets
EUR 44.487,75
Accruals (assets)
EUR 44.487,75
LIABILITIES EUR 136.877.669,56
Shareholders' equity EUR 42.307.997,11
Capital
EUR 1.280.000,00
Subscribed capital (share capital)
EUR 1.280.000,00
Reserves
EUR 38.166.789,59
Capital reserves
EUR 38.166.789,59
Balance sheet profit/loss (+/-)
EUR 2.861.207,52
Balance sheet profit / loss
EUR 2.861.207,52
Items between shareholders' equity and
debt capital EUR 124.208,18
Special items with reserve funds
EUR 124.208,18
Provisions
EUR 30.670.086,32
Liabilities
EUR 63.775.377,95
Other liabilities EUR 63.775.377,95
Unspecified other liabilities
EUR 63.775.377,95
Profit and loss account (cost of sales method)
according to Comm.
Code (HGB)
Sales
EUR 327.263.804,05
Manufacturing costs
EUR 299.498.279,56
Gross result on sales
EUR 27.765.524,49
Research and development costs
EUR 2.332.141,48
Other operating income
EUR 4.679.277,44
Other operating expenses
EUR 29.509.173,01
Operating result from continuing
operations
EUR 603.487,44
Financial result (+/-)
EUR -4.366.043,88
Result from ordinary operations (+/-)
EUR -3.762.556,44
Other extraordinary income
EUR 10.311,96
Income tax / refund of income tax (+/-)EUR -95.924,00
Tax (+/-)
EUR -95.924,00
Annual surplus / annual
deficit EUR -3.848.168,48
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
|
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
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 |
|
---- |
NB |
New Company |
---- |
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.