MIRA INFORM
REPORT
|
Report Date : |
13.12.2011 |
Company name and address
DyStar Colours Distribution GmbH
Company Status: active
Main address:
Industriepark Höchst
D 65926 Frankfurt
Telephone:069/2109-0
Telefax: 069/2109-2000
Homepage: www.dystar.com
CONCLUSION
Business relations are permissible.
Registartion data
LEGAL FORM Private limited company
Date of foundation: 19.11.2009
Shareholders'
agreement: 19.11.2009
Registered on: 23.11.2009
Commercial Register: Local court 60313 Frankfurt
under: HRB
86808
Share capital
EUR 25,000.00
Shareholder
KIRI HOLDING
8 Cross Street/PWC Building
SGP 048424 Singapore
Legal form: Other legal form
Share: EUR 25,000.00
Manager:
Eric Hopmann
D 61476 Kronberg
having sole power of representation
born: 08.12.1962
Proxy:
Petra Gerweck
D 35576 Wetzlar
authorized to jointly represent the company
born: 09.08.1962
Proxy:
Nicole Preget
D 60308 Frankfurt
authorized to jointly represent the company
born: 05.08.1971
Proxy:
Thomas Seeler
D 65520 Bad Camberg
authorized to jointly represent the company
born: 20.04.1970
Further functions/participations of Eric Hopmann
(Manager)
Manager:
DyStar Denim GmbH
Industriepark Höchst 598
D 65926 Frankfurt
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 28.08.2009
Reg. data: 60313 Frankfurt,
HRB 86161
COMPANY HISTORY
23.11.2009 -
01.02.2010 Platin 513. GmbH
An
der Welle 4 c/o VRB
D 60322
Frankfurt
Private limited company
01.02.2010 -
15.02.2010 DyStar Colours Distribution
GmbH
An
der Welle 4
D
60322 Frankfurt
Private limited company
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
16.07.2010 -
05.01.2011 Manager
Harry Dobrowolski
D
60308 Frankfurt
BUSINESS ACTIVITIES
Main industrial sector
2059 Manufacture of other chemical products
n.e.c.
4675 Wholesale of chemical
products
Secondary industrial sector
70109 Other activities of head offices
PARTICIPATIONS
Shareholder:
DyStar Denim GmbH
Industriepark Höchst 598
D 65926 Frankfurt
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 28.08.2009
Local court 60313 Frankfurt
HRB 86161
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 Industriepark Höchst
D
65926 Frankfurt
Land register documents
were not available.
BANKERS
A bank connection is
unknown.
FINANCIAL FIGURES
Turnover: 2010 EUR 137,540,000.00
Profit: 2010 EUR -3,266,000.00
Equipment:
EUR 23,000.00
Ac/ts receivable: EUR 31,066,000.00
Liabillities: EUR 81,028,000.00
Employees:
50
BALANCE SHEETS
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 49.16
Liquidity ratio: 0.72
Return on total capital [%]: -2.93
Balance sheet grade: 2.9
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: 01.01.2010 - 31.12.2010
ASSETS EUR 111,322,000.00
Fixed assets
EUR 13,959,000.00
Tangible assets
EUR 23,000.00
Other tangible assets / fixtures and
fittings
EUR 23,000.00
Financial assets
EUR 13,936,000.00
Shares in participations /
subsidiaries and the like
EUR 13,936,000.00
Shares in related companies
EUR 13,936,000.00
Current assets EUR 97,363,000.00
Stocks
EUR 63,089,000.00
Raw materials, consumables and
supplies
EUR 14,479,000.00
Finished goods / work in progress
EUR 44,536,000.00
Advance payments made
EUR 4,074,000.00
Accounts receivable
EUR 31,066,000.00
Trade debtors
EUR 20,040,000.00
Amounts due from related companies
EUR 3,992,000.00
Other debtors and assets
EUR 7,034,000.00
Liquid means
EUR 3,208,000.00
LIABILITIES EUR 111,322,000.00
Shareholders' equity
EUR 20,259,000.00
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 23,500,000.00
Capital reserves
EUR 23,500,000.00
Balance sheet profit/loss (+/-)
EUR -3,266,000.00
Annual surplus / annual deficit
EUR -3,266,000.00
Provisions
EUR 10,035,000.00
Pension provisions and comparable
provisions
EUR 77,000.00
Other / unspecified provisions
EUR 9,958,000.00
Liabilities
EUR 81,028,000.00
Other liabilities
EUR 81,028,000.00
Trade creditors (for IAS incl. bills
of exchange)
EUR 28,565,000.00
Liabilities from received advance
payments
EUR 15,198,000.00
Liabililties due to related companiesEUR 36,909,000.00
Unspecified other liabilities
EUR 356,000.00
thereof liabilities from tax /
financial authorities
EUR 173,000.00
thereof
liabilities from social
security
EUR 9,000.00
Profit and loss account (cost of sales method)
according to Comm.
Code
(HGB)
Sales
EUR 137,540,000.00
Manufacturing costs
EUR 102,084,000.00
Gross result on sales
EUR 35,456,000.00
Research and development costs
EUR 129,000.00
Other operating income
EUR 8,669,000.00
Other operating expenses
EUR 45,244,000.00
Operating result from continuing
operations
EUR -1,248,000.00
Result from participating interests
(+/-)
EUR 57,000.00
Interest result (+/-)
EUR -2,075,000.00
Interest and similar income
EUR 66,000.00
thereof from related companies
EUR 60,000.00
Interest and similar expenses EUR 2,141,000.00
thereof paid to related companies
EUR 2,061,000.00
Financial result (+/-)
EUR -2,018,000.00
Result from ordinary operations (+/-)
EUR -3,266,000.00
Annual surplus / annual deficit
EUR -3,266,000.00
MIRA INFORM
REPORT
|
Report No. : |
125454 |
IDENTIFICATION DETAILS
|
Name : |
DYSTAR COLOURS DISTRIBUTION GMBH |
|
|
|
|
Registered Office : |
Industriepark
Höchst, D 65926 |
|
|
|
|
Country : |
|
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|
|
|
Date of Incorporation : |
23.11.2009 |
|
|
|
|
Com. Reg. No.: |
HRB 86808 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of other 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 |
|
Maximum Credit Limit : |
9.500
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 – 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
DyStar Colours
Distribution GmbH
Company address
Main
address:
Industriepark Höchst
D 65926 Frankfurt
Telephone: 069/2109-0
Telefax: 069/2109-2000
Homepage: www.dystar.com
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 19.11.2009
Shareholders'
agreement: 19.11.2009
Registered on: 23.11.2009
Commercial Register: Local
court 60313 Frankfurt
under: HRB 86808
Share capital:
EUR 25.000,00
Shareholder
KIRI HOLDING
8 Cross Street/PWC Building
SGP 048424 Singapore
Legal form: Other legal form
Share: EUR 25.000,00
Manager
Harry Dobrowolski
D 60308 Frankfurt
having sole power of representation
born: 05.10.1953
Nationality: American
Manager:
Eric Hopmann
RC Shanghai
having sole power of representation
born: 08.12.1962
Nationality: Chinese
Proxy
Petra Gerweck
D 35576 Wetzlar
authorized to jointly represent the company
born: 09.08.1962
Proxy:
Nicole Preget
D 60308 Frankfurt
authorized to jointly represent the company
born: 05.08.1971
Proxy:
Thomas Seeler
D 65520 Bad Camberg
authorized to jointly represent the company
born: 20.04.1970
Further functions/participations of
Harry Dobrowolski (Manager)
Manager:
DyStar Colours Deutschland GmbH
Industriepark Höchst
D 65926 Frankfurt
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 23.11.2009
Reg. data: 60313 Frankfurt,
HRB 86807
Proxy:
DyStar Textilfarben GmbH
Industriepark Höchst
D 65926 Frankfurt
Legal form: Private limited company
insolvent
Share capital: EUR 1.684.000,00
Registered
on: 09.06.1995
Reg. data: 60313 Frankfurt,
HRB 40034
Further functions/participations of
Eric Hopmann (Manager)
Manager:
DyStar Colours Deutschland GmbH
Industriepark Höchst
D 65926 Frankfurt
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 23.11.2009
Reg. data: 60313 Frankfurt,
HRB 86807
COMPANY HISTORY
23.11.2009 - 01.02.2010
Platin 513. GmbH
An der Welle 4 c/o VRB
D
60322 Frankfurt
Private limited company
01.02.2010 - 15.02.2010
DyStar Colours Distribution GmbH
An
der Welle 4
D
60322 Frankfurt
Private limited company
BUSINESS ACTIVITIES
Sectors
2059 Manufacture of other
chemical products n.e.c.
Average risk of default:
3,0 %
4675 Wholesale of chemical
products
Average risk of default:
4,0 %
6420 Activities of holding companies
Average risk of
default: 1,3 %
70109 Other activities of head offices
Average risk of
default: 2,2 %
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
Negative information:We have no negative information at hand.
Maximum credit: 9.500
EUR
REAL ESTATE
Type of ownership: Tenant
Address Industriepark Höchst
D 65926 Frankfurt
Land register documents were
not available.
BANKERS
A bank connection is unknown.
FINANCIAL FIGURES
Financial year: 23.11. - 31.12.
Turnover: 2009 EUR 730.000,00
Share capital: EUR 25.000,00
Employees:
4
The
aforementioned business figures may partly be estimated information based on
average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.42 |
|
|
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 |
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.