MIRA INFORM
REPORT
|
Report Date : |
27.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
WEYLCHEM |
|
|
|
|
Registered Office : |
Stroofstr. 27, D 65933 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
20.12.2004 |
|
|
|
|
Com. Reg. No.: |
HRB 74009 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Activities
of head offices |
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 : |
50.000
EUR |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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
WeylChem Frankfurt GmbH
Main address:
Stroofstr. 27
D 65933 Frankfurt
Telephone:069/38002100
Telefax: 069/38002170
Homepage: www.weylchem.com
E-mail: info@weylchem.com
CONCLUSION
Business relations are permissible.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 02.12.2004
Shareholders'
agreement: 02.12.2004
Registered on: 20.12.2004
Commercial Register: Local
court 60313 Frankfurt
under: HRB 74009
Share capital:
EUR 25.100,00
Shareholder
WeylChem RM Holding GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private limited company
Share capital: EUR 25.000,00
Share: EUR 25.100,00
Registered on: 18.06.2007
Reg. data: 60313 Frankfurt, HRB 80322
Manager
Georg Weichselbaumer
D 65779 Kelkheim
having sole power of representation
born: 09.08.1961
Profession: Fully qualified chemist
Marital status: married
Proxy
Bernd Ronald Krapp
D 67063 Ludwigshafen
authorized to jointly represent the company
born: 27.07.1954
Proxy:
Dr. Joachim Hackenbruch
Dresdener Str. 19b
D 55129 Mainz
authorized to jointly represent the company
born: 29.11.1957
Proxy:
Rainer Schütze
D 65510 Idstein
authorized to jointly represent the company
born: 28.05.1956
Proxy:
Volker Eberhard
D 65033 Wiesbaden
authorized to jointly represent the company
born: 19.03.1956
Proxy:
Dr. Frank Schröder
D 65719 Hofheim
authorized to jointly represent the company
born: 08.04.1960
Further functions/participations of
Georg Weichselbaumer
(Manager)
Manager:
WeylChem Höchst GmbH
Stroofstr. 27/Industriepark
Höchst
D 65933 Frankfurt
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 30.10.2008
Reg. data: 60313 Frankfurt,
HRB 84189
Manager:
WeylChem Griesheim GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 30.10.2008
Reg. data: 60313 Frankfurt,
HRB 84190
Manager:
WeylChem RM Holding GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private limited company
Share capital: EUR 25.000,00
Registered
on: 18.06.2007
Reg. data: 60313 Frankfurt,
HRB 80322
COMPANY HISTORY
02.12.2004 - 22.06.2007
Clariant Zweite Chemie GmbH
Brüningstr. 50/Industriepark
D
65929 Frankfurt
Private limited company
23.06.2007 -
19.09.2007 WeylChem Frankfurt GmbH
Stroofstr. 27
D
65933 Frankfurt
Private limited company
RESIGNED ACTING PERSONS AND
SHAREHOLDERS
19.09.2007 - 22.06.2010
Manager
Dr.
jur. Thomas Büttner
D
53343 Wachtberg
BUSINESS ACTIVITIES
Sectors
7010 Activities of head
offices
96090 Other service
activities n. e. c.
FINANCIAL INFORMATION
Payment
experience: within
agreed terms
Negative information: We have no negative information at hand.
Maximum credit: 50.000
EUR
Balance sheet year: 2008
REAL ESTATE
Type of ownership: Tenant
Address Stroofstr. 27
D 65933 Frankfurt
Land register documents were not available.
BANKERS
COMMERZBANK, FRANKFURT AM MAIN
Sort. code: 50040000, BIC: COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, FRANKFURT AM MAIN
Sort. code: 50080000, BIC: DRESDEFFXXX
FINANCIAL FIGURES
Employees: 152
- thereof permanent staff: 152
BALANCE SHEETS
Balance sheet ratios 2008
Equity ratio [%]: -2,89
Liquidity ratio: 1,43
Return on total capital [%]: -0,38
Balance sheet ratios 2007
Equity ratio [%]: 38,64
Liquidity ratio: 1,22
Return on total capital [%]: -4,88
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: 01.01.2008 - 31.12.2008
ASSETS EUR 18.649.918,05
Fixed assets
EUR 1.829.430,85
Intangible assets
EUR 1.527.691,44
Concessions, licences, rights
EUR 1.037.108,68
Advance payments for intang. assets
EUR 490.582,76
Tangible assets
EUR 301.739,41
Land / similar rights
EUR 7.955,97
Plant / machinery
EUR 20.959,25
Other tangible assets / fixtures and
fittings
EUR 93.713,27
Advance payments made / construction
in progress
EUR 179.110,92
Current assets
EUR 16.820.315,20
Accounts receivable
EUR 14.676.178,07
Trade debtors
EUR 9.651.231,18
Amounts due from related companies
EUR 4.908.002,60
Other debtors and assets
EUR 116.944,29
Liquid means
EUR 2.144.137,13
Remaining other assets
EUR 172,00
Accruals (assets)
EUR 172,00
LIABILITIES EUR 18.649.918,05
Shareholders' equity
EUR 247.673,23
Capital
EUR 25.100,00
Subscribed capital (share capital)
EUR 25.100,00
Reserves EUR 2.288.585,88
Capital reserves
EUR 2.288.585,88
Balance sheet profit/loss (+/-)
EUR -2.066.012,65
Profit / loss brought forward
EUR -1.998.120,69
Annual
surplus / annual deficit EUR -67.891,96
Provisions
EUR 5.995.473,21
Pension provisions and comparable
provisions
EUR 4.200.754,00
Other / unspecified provisions
EUR 1.794.719,21
Liabilities
EUR 12.406.771,61
Other liabilities
EUR 12.406.771,61
Trade creditors (for IAS incl. bills
of exchange) EUR 652.261,63
Liabililties due to related companiesEUR 11.655.650,45
Unspecified other liabilities
EUR 98.859,53
thereof liabilities from tax /
financial authorities
EUR 91.313,88
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 109.723.773,82
Inventory change + own costs (+/-)
EUR -1.088.145,08
Inventory change (+/-) EUR -1.088.145,08
Other operating income
EUR 6.480.955,81
Cost of materials
EUR 84.724.682,24
Raw materials and supplies, purchased
goods
EUR 72.712.663,68
Purchased services
EUR 12.012.018,56
Gross result (+/-)
EUR 30.391.902,31
Staff expenses
EUR 11.999.819,57
Wages and salaries EUR 9.275.637,38
Social security contributions and
expenses for pension plans and
benefits
EUR 2.724.182,19
Total depreciation
EUR 969.179,79
Depreciation
on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 969.179,79
Other operating expenses
EUR 16.453.189,08
Operating result from continuing
operations
EUR 969.713,87
Interest result (+/-)
EUR -1.036.466,60
Interest and similar income
EUR 9.383,57
thereof from related companies
EUR 8.421,00
Interest and similar expenses
EUR 1.045.850,17
thereof paid to related companies
EUR 404.275,09
Financial result (+/-)
EUR -1.036.466,60
Result from ordinary operations (+/-)
EUR -66.752,73
Other taxes / refund of taxes
EUR -1.139,23
Tax
(+/-)
EUR -1.139,23
Annual surplus / annual deficit
EUR -67.891,96
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2007 - 31.12.2007
ASSETS EUR 41.114.793,43
Fixed assets
EUR 6.646.268,16
Intangible assets
EUR 297.698,00
Concessions, licences, rights
EUR 297.698,00
Tangible assets
EUR 6.348.570,16
Land / similar rights
EUR 165.753,00
Plant / machinery
EUR 2.986.481,79
Other tangible assets / fixtures and
fittings
EUR 353.461,12
Advance payments made / construction
in progress
EUR 2.842.874,25
Current assets
EUR 34.468.525,27
Stocks
EUR 17.299.872,84
Raw materials, consumables and
supplies
EUR 3.019.319,32
Finished goods / work in progress
EUR 14.280.553,52
Accounts receivable
EUR 16.750.773,84
Trade debtors
EUR 11.076.262,72
Amounts due from related companies
EUR 4.304.938,92
Other debtors and assets
EUR 1.369.572,20
Liquid means
EUR 417.878,59
LIABILITIES EUR 41.114.793,43
Shareholders' equity
EUR 11.162.368,19
Capital
EUR 25.100,00
Subscribed capital (share capital)
EUR 25.100,00
Reserves
EUR 13.135.388,88
Capital reserves
EUR 13.135.388,88
Balance sheet profit/loss (+/-)
EUR -1.998.120,69
Profit / loss brought forward
EUR -923,35
Annual surplus / annual deficit
EUR -1.997.197,34
Provisions
EUR 10.988.652,45
Pension provisions and comparable
provisions
EUR 6.031.867,00
Other / unspecified provisions
EUR 4.956.785,45
Liabilities
EUR 18.963.772,79
Other
liabilities EUR 18.963.772,79
Trade creditors (for IAS incl. bills
of exchange)
EUR 12.766.289,76
Liabililties due to related companiesEUR 5.967.059,68
Unspecified other liabilities
EUR 230.423,35
thereof liabilities from tax /
financial authorities
EUR 230.423,35
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 48.768.937,66
Inventory change + own costs (+/-)
EUR -5.280.883,46
Inventory change (+/-)
EUR -5.280.883,46
Other operating income
EUR 3.400.387,67
Cost of materials
EUR 26.032.176,22
Raw materials and supplies, purchased
goods
EUR 22.241.899,07
Purchased services
EUR 3.790.277,15
Gross result (+/-) EUR 20.856.265,65
Staff expenses
EUR 10.208.819,82
Wages and salaries
EUR 7.860.432,46
Social security contributions and
expenses for pension plans and
benefits
EUR 2.348.387,36
Total depreciation
EUR 835.906,71
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 835.906,71
Other operating expenses
EUR 11.407.080,43
Operating result from continuing
operations
EUR -1.595.541,31
Interest result (+/-)
EUR -400.700,44
Interest
and similar income EUR 332,47
Interest and similar expenses
EUR 401.032,91
thereof paid to related companies
EUR 56.000,00
Financial result (+/-)
EUR -400.700,44
Result from ordinary operations (+/-)
EUR -1.996.241,75
Other taxes / refund of taxes
EUR -955,59
Tax
(+/-)
EUR -955,59
Annual surplus / annual deficit
EUR -1.997.197,34
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.53 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.62.14 |
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.