MIRA INFORM REPORT
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Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
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Name : |
KOLMAR GROUP AG |
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Registered Office : |
Metallstrasse 9, Laubehof, 6300 Zug |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.02.1997 |
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Com. Reg. No.: |
170.3.021.172-8 / 393173 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subjedct is a “virtual” integrated Petroleum and
Petrochemicals company |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
CHF 2'800'000 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Switzerland |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
Kolmar Group AG
Operating address
Metallstrasse 9
Laubehof
6300 Zug
Switzerland/CH
Telephone: 041
7275700
Fax: 041
7275701
Web
site: http://www.kolmargroup.com
E-mail: functiontrading@kolmargroup.com
VAT-No.: CHE108565341
Profile
Established: 1997
Line
of Business: Financial services,
Trade brokers
Industry
Division: Services, Wholesale
trade
Industry-code (NACE): 6420 Activities of holding companies
4612 Agents involved in the sale of fuels, ores,
metals and industrial chemicals
Import/Export: Agency
Banks: unknown
Operational Figures
Coverage: Group
Employees: 150-249
Sales: USD 4-6 Bil
Activity
The company is a “virtual” integrated Petroleum and Petrochemicals
company. Its product spectrum extends from heavy Petroleum to lighter Petroleum
products, a large variety of Petrochemicals and Energy products like different
biofuels and coal. The company has 20 offices in the Far and Middle East,
Europe, North and South America.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 170.3.021.172-8 /
393173
Legal
form: Company limited
by shares
Registration: 03.02.1997
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Zug
Auditor: PricewaterhouseCoopers
AG, Zürich
History: Date of Statutes:
26.09.2011
Date of
Statutes: 02.12.2009
Date of
Statutes: 05.05.2008
Date of
Statutes: 30.11.2007
Date of
Statutes: 22.02.2007
Date of Statutes:
27.10.2006
Date of
Statutes: 03.07.2006
Date of
Incorporation Statutes: 31.01.1997
Entry Deleted Name
26.02.2007 Kolmar
Group AG
26.02.2007 Kolmar
Group SA (Name translated)
26.02.2007 Kolmar
Group Ltd (Name translated)
03.02.1997 26.02.2007 Kolmar Petrochemicals AG
03.02.1997 26.02.2007 Kolmar Petrochemicals SA (Name translated)
03.02.1997 26.02.2007 Kolmar Petrochemicals Ltd (Name translated)
Entry Deleted Legal domicile
03.02.1997 Zug,
Switzerland
Entry Deleted Address
12.05.2000 Metallstrasse
9, 6304 Zug/ZG, Switzerland/CH
03.02.1997 12.05.2000 Alpenstrasse 11, 6300 Zug/ZG, Switzerland/CH
Entry Deleted Capital
03.02.1997 Share
Capital CHF 8'400'000, paidup CHF 8'400'000
Entry Deleted Capital Structure
03.02.1997 8'400
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
26.02.2007 Handel
mit Petrochemikalien, Polymeren, Rohöl, Rohölprodukten und industriellen
Rohstoffen aller Art für eigene und fremde Rechnung sowie mit Gruppengesellschaften,
Erwerb, Halten und Verwaltung von Beteiligungen an Gesellschaften der
Kolmar-Gruppe; kann damit zusammenhängende Dienstleistungen erbringen oder
vermitteln und Finanzierungen durchführen, sich an anderen Unternehmen
beteiligen oder sich mit anderen Unternehmen zusammenschliessen und
Unternehmen, an denen sie beteiligt ist, direkt oder indirekt finanzieren,
Grundstücke erwerben, halten, belasten und veräussern.
11.07.2006 26.02.2007 Handel mit Petrochemikalien, Polymeren, Rohöl,
Rohölprodukten und industriellen Rohstoffen aller Art für eigene und fremde
Rechnung; kann damit zusammenhängende Dienstleistungen erbringen oder
vermitteln, Finanzierungen durchführen, Tochtergesellschaften errichten, sich
an anderen Unternehmen beteiligen, Unternehmen, an denen sie beteiligt ist,
direkt oder indirekt finanzieren sowie Grundstücke erwerben, halten, belasten
und veräussern
03.02.1997 11.07.2006 Handel mit Petrochemikalien für eigene und
fremde Rechnung; kann damit zusammenhängende Dienstleistungen erbringen oder
vermitteln, Finanzierungen durchführen, sich an anderen Unternehmen beteiligen
oder sich mit anderen Unternehmen zusammenschliessen, Unternehmen, an denen sie
beteiligt ist, direkt oder indirekt finanzieren sowie Grundstücke erwerben, halten,
belasten und veräussern
Entry Deleted Remarks (original Language)
06.10.2011 Dividend
right certificates: 430 Genussscheine, mit Rechten auf Anteil am Bilanzgewinn
gemäss Statuten.
16.05.2008 Reports:
Die Mitteilungen an die Aktionäre erfolgen durch eingeschriebenen Brief oder
Kurier gegen Empfangsbestätigung oder sofern das Gesetz nicht zwingend etwas
anderes bestimmt, durch Veröffentlichung in SHAB
03.02.1997 Publishing
authority: SHAB.
10.12.2009 06.10.2011 Dividend right certificates: 390
Genussscheine, mit Rechten auf Anteil am Bilanzgewinn gemäss Statuten.
Official Administration
Title Name
President Ruth
Sandelowsky, Origin: Netherlands, Address: Zug/ZG, Switzerland, joint signature
of two
Vice-President Rafael Aviner,
Origin: Germany, Address: Weston, United States of America, joint signature of
two
Company
Secretary Herbert C.
Schlaubitz, Origin: Meikirch, Switzerland, Address: Walchwil, Switzerland,
joint signature of two
Executive
Director Dr. Moshe
Michael Glass, Origin: Zürich, Switzerland, Address: Zürich/ZH, Switzerland,
joint signature of two
Executive
Director Dr. Josef
Bollag, Origin: Endingen, Switzerland, Address: Baden/AG, Switzerland, joint
signature of two
Management
Title Name
Member
with signing authority Chavdar
Tzonev, Origin: Huttwil, Switzerland, Address: Schwyz, Switzerland, joint
signature of two
Executive board
Title Name
Chief
Executive Officer Chavdar
Tzonev
Financial Data Kolmar Group
Consolidation: consolidated (Segment)
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009 31.12.2008 31.12.2007 31.12.2006
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Operating revenue 4'450.0 2'850.0 3'950.0 3'200.0 2'200.0
Employees at year end 170 170 150 120
Offices 23 20 20 20 20
Owner/-s
Owner: The company is domestic
owned.
Class: 30-39%
Name: Ameropa Holding AG
City/Country: Binningen, Switzerland/CH
Interest: 33.33% voting right, 33.33%
capital interest (since 1997)
Investments
Class: 100%
Name: Kolmar Americas Inc
City/Country: Bridgeport, United States of
America/US
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Kolmar Fibres AG
City/Country: Zug, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest (since 1999)
Class: 100%
Name: Kolmar Japan KK
City/Country: Tokyo, Japan/JP
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Kolmar Singapore Pte
Ltd
City/Country: Singapore, Singapore/SG
Interest: 100.00% voting right,
100.00% capital interest
Class: 100%
Name: Kolmar UK Limited
City/Country: London, United Kingdom/GB
Interest: 100.00% voting right,
100.00% capital interest
Legal Actions
An updated legal action check is only available against proof of
interest. e.g. a copy of an enquiry letter, and order or invoice relating to
the subject company.
Credit Information
Financial
Situation: The financial situation
is good.
Payment
experiences: Payment habits are
considered good.
Business
development: The business trend is
considered positive.
Maximum
Credit: CHF 2'800'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.68.05 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.