MIRA INFORM REPORT

 

 

Report Date :           

05.10.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

FSD-FOLIEN-SERVICE-DEUTSCHLAND GMBH

 

 

Registered Office :

Im Bulloh 25, Lachendorf, 29331

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

13.09.1990

 

 

Com. Reg. No.:

100496

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Manufacturer of Chemical

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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

 

Company name & address 

 

FSD-Folien-Service-Deutschland GmbH

Im Bulloh 25

Lachendorf, 29331

Germany

Tel:       +49 (0) 5145 285950

Fax:      +49 (0) 5145 285959

 

 

Synthesis  

 

Employees:                   17

Company Type:            Private Independent

Incorporation Date:         13-Sep-1990    

Financials in:                 USd (Millions)

Fiscal Year End:            31-Dec-2009

Reporting Currency:       Euro

Annual Sales:                NA

Total Assets:                 5.4

 

 

Business Description     

 

FSD-Folien-Service-Deutschland GmbH is primarily engaged in wholesale of industrial chemicals (aniline, printing ink, essential oils, industrial gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic materials in primary forms; and wholesale of rubber.

 

Industry

Industry            Chemical Manufacturing

ANZSIC 2006:    3323 - Industrial and Agricultural Chemical Product Wholesaling

NACE 2002:      5155 - Wholesale of chemical products

NAICS 2002:     4246 - Chemical and Allied Products Merchant Wholesalers

UK SIC 2003:    5155 - Wholesale of chemical products

US SIC 1987:    5162 - Plastics Materials and Basic Forms and Shapes

 

           

Key Executives   

 

Name                           Title    

Patrick Schur                Managing director         

 

Registered No.(DEU): 100496

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855

 

 

Corporate Overview

 

Location

Im Bulloh 25

Lachendorf, 29331

Germany

Tel:       +49 (0) 5145 285950

Fax:      +49 (0) 5145 285959

           

Sales EUR(mil):             NA

Assets EUR(mil):           3.8

Employees:                   17

Fiscal Year End:            31-Dec-2009

Industry:                        Chemical Manufacturing

Incorporation Date:         13-Sep-1990

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     100496

Managing director:         Patrick Schür

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

ANZSIC 2006 Codes:

3323     -          Industrial and Agricultural Chemical Product Wholesaling

 

NACE 2002 Codes:

5155     -          Wholesale of chemical products

 

NAICS 2002 Codes:

4246     -          Chemical and Allied Products Merchant Wholesalers

 

US SIC 1987:

5162     -          Plastics Materials and Basic Forms and Shapes

 

UK SIC 2003:

5155     -          Wholesale of chemical products

 

Business Description

FSD-Folien-Service-Deutschland GmbH is primarily engaged in wholesale of industrial chemicals (aniline, printing ink, essential oils, industrial gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic materials in primary forms; and wholesale of rubber.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

3.8

Current Assets:

2.9

 

Total Liabilities:

3.8

 

Issued Capital:

0.3

 

Net Worth:

0.4

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

Key Corporate Relationships

Bank:

Sparkasse Celle

 

 

 

 

 

 

 

 

 

 

Executive report

 

 Executives

 

Name

Title

Function

 

Patrick Schür

 

Managing director

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

Consolidated

No

No

No

 

 

 

 

Provisions

0.0

0.1

0.1

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Issued capital

0.4

0.4

0.4

Profits for the year

0.1

0.1

0.1

Total stockholders equity

0.5

0.5

0.6

Deferred taxation

-

-

0.0

Other provisions

-

0.1

0.1

Provisions and allowances

0.0

0.1

0.1

Taxes and social security

-

0.6

0.6

Total long-term liabilities

-

0.6

0.6

Trade creditors

-

0.2

0.3

Advances received

-

0.2

-

Other loans

-

2.4

1.7

Loans repayable within 1 year

-

2.1

2.6

Taxation and social security

-

0.0

0.3

Total current liabilities

4.9

4.9

4.9

Total liabilities (including net worth)

5.4

6.1

6.2

Patents

-

0.0

-

Intangibles

0.0

0.0

-

Land and buildings

-

0.4

0.4

Machinery and tools

-

0.1

0.2

Fixtures and equipment

-

0.4

0.4

Total tangible fixed assets

0.7

0.7

0.7

Other financial assets

-

0.4

0.4

Total financial assets

0.4

0.4

0.4

Total non-current assets

1.2

1.1

1.1

Finished goods

-

2.0

2.1

Net stocks and work in progress

1.8

2.0

2.1

Trade debtors

-

2.8

2.5

Other receivables

-

0.1

0.4

Total receivables

2.3

2.8

2.8

Cash and liquid assets

0.1

0.2

0.1

Total current assets

4.2

5.0

5.1

Prepaid expenses and deferred costs

0.0

0.0

0.0

Total assets

5.4

6.1

6.2

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Current ratio

8.71

10.10

10.25

Acid test ratio

4.98

6.09

5.95

Total liabilities to net worth

0.92%

1.09%

1.01%

Net worth to total assets

0.01%

0.01%

0.01%

Current liabilities to net worth

0.92%

0.97%

0.90%

Current liabilities to stock

0.27%

0.25%

0.23%

Fixed assets to net worth

0.23%

0.23%

0.20%

Net worth

0.5

0.5

0.6

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.23

UK Pound

1

Rs.76.07

Euro

1

Rs.65.06

 

 

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.