MIRA INFORM REPORT

 

 

Report Date :

07.06.2011

 

IDENTIFICATION DETAILS

 

Name :

MARENIS PHARMA GMBH

 

 

Registered Office :

Schillerstr. 1 D 55411 Bingen

 

 

Country :

Germany

 

 

Financials (as on) :

30.09.2009

 

 

Date of Incorporation :

01.10.2007

 

 

Com. Reg. No.:

HRB 41180

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other chemical products

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

2,500 EUR

 

 

Status :

Moderate

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

MARENIS PHARMA GmbH

 

 

Main address:      

Schillerstr. 1

D 55411 Bingen

Telephone:06721/491134

Telefax:  06721/491201

Homepage: www.marenis-pharma.com

E-mail:   info@marenis-pharma.com

 

 

VAT no.           

 

DE256084351

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:          01.10.2007

Shareholders'

agreement:                     01.10.2007

Registered on:                14.11.2007

Commercial Register:     Local court 55116 Mainz

under:                                       HRB 41180

 

 

Share capital                       

 

EUR             25,000.00

 

 

Shareholder

 

Harry Marx

D 55411 Bingen

born: 30.12.1960

Share:             EUR             25,000.00

 

Manager:

Harry Marx

D 55411 Bingen

having sole power of representation

born: 30.12.1960

 

 

COMPANY HISTORY

 

14.11.2007 - 01.01.2008  MARENIS PHARMA GmbH

                         Am Schwimmbad 20

                         D 55411 Bingen

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

2059   Manufacture of other chemical products n.e.c.

2120   Manufacture of pharmaceutical preparations

46461   Wholesale of pharmaceutical goods

72190   Other research and experimental development on natural

sciences and engineering

 

 

PARTICIPATIONS

 

Shareholder:

Marenis Analytical & Process Technologies

GmbH

Alt Fechenheim 34

D 60386 Frankfurt

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:                EUR             18,750.00

Reg. data:  21.02.2011

Local court 60313 Frankfurt

HRB 90290

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information:We have no negative information at hand.

 

Maximum credit:      2,500 EUR

 

Balance sheet year:  2008/2009

REAL ESTATE

 

Type of ownership:   Tenant

Address              Schillerstr. 1

                     D 55411 Bingen

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

The number of employees is not known.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.10.2008 - 30.09.2009

Equity ratio [%]:                -10.20

Liquidity ratio:                   0.57

Return on total capital [%]:      -1.14

Balance sheet grade:                4.4

 

Balance sheet ratios 01.10.2007 - 30.09.2008

Equity ratio [%]:                -68.56

Liquidity ratio:                   0.03

Return on total capital [%]:     -83.42

Balance sheet grade:                5.0

 

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. It is calculated

in accordance with the methodology of Euler Hermes. It ranges

from 1.0 (positive) to 5.0 (negative).

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.10.2008 - 30.09.2009

 

ASSETS                                  EUR          2,935,005.79

 Fixed assets                           EUR            864,105.21

  Intangible assets                     EUR            253,670.50

   Other / unspecified intangible assetsEUR            253,670.50

  Tangible assets                       EUR             45,613.00

   Other / unspecified tangible assets  EUR             45,613.00

  Financial assets                      EUR            564,821.71

   Other / unspecified financial assets EUR            564,821.71

 Current assets                         EUR          1,918,696.83

  Stocks                                EUR            241,301.60

  Accounts receivable                   EUR          1,664,371.19

   Other debtors and assets             EUR          1,664,371.19

  Liquid means                          EUR             13,024.04

 Remaining other assets                 EUR            152,203.75

  Accruals (assets)                     EUR              7,399.20

  Deficit not covered by shareholders'

  equity                                EUR            144,804.55

 

LIABILITIES                             EUR          2,935,005.79

 Shareholders' equity                   EUR                  0.00

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR           -169,804.55

   Profit / loss brought forward        EUR           -139,496.28

   Annual surplus / annual deficit      EUR            -30,308.27

  Other shareholders' equity (+/-)      EUR            144,804.55

   Deficit not covered by shareholders'

   equity                               EUR            144,804.55

 Provisions                             EUR             10,669.60

 Liabilities                            EUR          2,924,336.19

  Other liabilities                     EUR          2,924,336.19

   Unspecified other liabilities        EUR          2,924,336.19

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.10.2007 - 30.09.2008

 

ASSETS                                  EUR            281,863.79

 Fixed assets                           EUR             64,201.00

  Intangible assets                     EUR                300.00

  Tangible assets                       EUR             38,901.00

  Financial assets                      EUR             25,000.00

 Current assets                         EUR             91,425.95

  Accounts receivable                   EUR              6,666.00

   Other debtors and assets             EUR              6,666.00

  Liquid means                          EUR             84,759.95

 Remaining other assets                 EUR            126,236.84

  Accruals (assets)                     EUR             11,740.56

  Deficit not covered by shareholders'

  equity                                EUR            114,496.28

 

LIABILITIES                             EUR            281,863.79

 Shareholders' equity                   EUR                  0.00

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR           -139,496.28

   Annual surplus / annual deficit      EUR           -139,496.28

  Other shareholders' equity (+/-)      EUR            114,496.28

   Deficit not covered by shareholders'

   equity                               EUR            114,496.28

 Liabilities                            EUR            281,863.79

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.46

Euro

1

Rs.65.47

 

 

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.