MIRA INFORM REPORT

 

 

Report Date :

13.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ATLANTIC CHEMICALS TRADING GMBH

 

 

Registered Office :

Hermannstr. 46  D 20095 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

16.08.1985       

 

 

Com. Reg. No.:

HRB 34943

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other chemical products

 

 

No. of Employees :

30

 

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

 

Maximum Credit Limit :

225,500 EUR

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

ATLANTIC Chemicals Trading GmbH

 

 Company Status:      active

 

Main address:

Hermannstr. 46

D 20095 Hamburg

Telephone:040/3344190

Telefax:  040/33441919

Homepage: www.act.de

E-mail:   germany@act.de

 

 

VAT no.         

 

 DE118522219

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registartion data

 

 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 Hamburg

 under:                          HRB 34943

 

 

Share capital                         

 

EUR          3,000,000.00

 

 

Shareholder

 

Dr.rer.nat. Ramin Ghaffari-Tabrizi

Hφltystr. 15

D 22085 Hamburg

born: 10.01.1958

Share:             EUR          3,000,000.00

 

Manager:

Dr.rer.nat. Ramin Ghaffari-Tabrizi

Hφltystr. 15

D 22085 Hamburg

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 Hamburg

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 Hamburg

Legal form: Private limited company

Share capital:     EUR             52,000.00

Share:             EUR             26,000.00

Registered

on:         28.02.1964

Reg. data:  20355 Hamburg, HRB 10472

 

 

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 Hamburg

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 Hamburg

HRB 10472

 

 

FINANCIAL INFORMATION

 

 Payment experience:  within periods customary in this trade

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      225,500 EUR

 

 Balance sheet year:  2009

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Hermannstr. 46

                      D 20095 Hamburg

 

 Real Estate of:      Dr.rer.nat. Ramin Ghaffari-Tabrizi

 Type of ownership:   Tenant

 Address              Hφltystr. 15

                      D 22085 Hamburg

 

 Real Estate of:      Dr.rer.nat. Ramin Ghaffari-Tabrizi

 Type of ownership:   Tenant

 Address              Hφltystr. 15

                      D 22085 Hamburg

 

 Land register documents were not available.

 

 

BANKERS

 

 Principal bank

 WARBURG, M.M.- BANK, HAMBURG

 Sort. code: 20120100, BIC: WBWCDEHHXXX

 

 Further banks

 COMMERZBANK, HAMBURG

 Sort. code: 20040000, BIC: COBADEHHXXX

 HSH NORDBANK HAMBURG, KIEL, KIEL

 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:

 Ac/ts receivable:                       EUR         11,870,633.00

 Liabillities:                           EUR         11,677,018.00

 Total numbers of vehicles:                                      5

 - Passenger cars:                                               5

 Employees:                                                     30

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 22.00

 Liquidity ratio:                   1.02

 Return on total capital [%]:       6.22

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 17.21

 Liquidity ratio:                   0.89

 Return on total capital [%]:       4.21

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 13.01

 Liquidity ratio:                   0.67

 Return on total capital [%]:       2.78

 

 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.

 

 Balance sheet grade

 The balance sheet grade is based on the following ratios: equity

 ratio, liquidity ratio and return on total capital from the

 balance sheets published in the Federal Gazette.

 

 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

Indian Rupees

US Dollar

1

Rs.52.42

UK Pound

1

Rs.81.92

Euro

1

Rs.69.94

 

 

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 Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.