MIRA INFORM REPORT

 

 

Report Date :

17.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SYNTHARO FINE CHEMICALS GMBH

 

 

Registered Office :

Mülheimer Str. 27 D 53840 Troisdorf

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

27.02.1998

 

 

Com. Reg. No.:

HRB 11187

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of Other Chemical Products

 

 

No. of Employees :

1

 

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 :

5,500 EUR

Status :

Small Company

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

Syntharo Fine Chemicals GmbH

 

Company Status:      active

                     Mülheimer Str. 27

                     D 53840 Troisdorf

                     Telephone:02241/25569-0

                     Telefax:  02241/25569-29

                     Homepage: www.syntharo.com

                     E-mail:   info@syntharo.com

 

 

VAT no.         

 

DE256704131

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         27.02.1998

Begin of business

activities:                        07.11.2007

Shareholders'

agreement:                    20.08.2007

Registered on:               06.09.2010

Commercial Register:     Local court 53721 Siegburg

under:                                       HRB 11187

 

 

Share capital                        

 

EUR            100,000.00

 

 

Shareholder

 

Lars Müller

Mülheimer Str. 27

D 53840 Troisdorf

born: 19.01.1971

Share:             EUR            100,000.00


Manager:

Lars Müller

Mülheimer Str. 27

D 53840 Troisdorf

having sole power of representation

born: 19.01.1971

Profession: Businessman

Marital status: unknown

 

 

Further functions/participations of Lars Müller

(Manager)

 

Limited partner:

Raimund Müller GmbH & Co. KG

Hauptstr. 4

D 25497 Prisdorf

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR             82,650.00

contribution:

Share:             EUR             43,650.00

Registered on:         09.10.2003

Reg. data:  25421 Pinneberg, HRA 4523 PI

 

 

COMPANY HISTORY

 

05.03.2001 - 09.01.2004  LM Chemical Trade & Consulting GmbH

                         Hauptstr. 4

                         D 25497 Prisdorf

                         Private limited company

09.01.2004 - 13.11.2007  Chem-Trade & Consulting GmbH & Co. KG

                         Hauptstr. 4

                         D 25497 Prisdorf

                         Ltd partnership with priv. ltd. company

                         as general partner

13.11.2007 - 08.04.2008  Syntharo Fine Chemicals GmbH

                         Hauptstr. 4

                         D 25497 Prisdorf

                         Private limited company

15.04.2008 - 06.09.2010  Syntharo Fine Chemicals GmbH

                         D 51371 Leverkusen

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

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

46189   Agents involved in the sale of other goods n.e.c.

46750   Wholesale of chemical products

46760   Wholesale of other intermediate goods

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Maximum credit:      5,500 EUR

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Mülheimer Str. 27

                     D 53840 Troisdorf

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, TROISDORF

Sort. code: 37080040, BIC: DRESDEFF370

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR            243,000.00

                     2011               EUR            218,000.00

further business figures:

Ac/ts receivable:                       EUR            188,324.00

Liabillities:                           EUR            277,467.00

Employees:                                                      1

- thereof permanent staff:                                      1

 

The aforementioned business figures may partly be estimated

information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 55.11

Liquidity ratio:                   1.60

Return on total capital [%]:      13.71

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 62.88

Liquidity ratio:                  10.00

Return on total capital [%]:     -11.29

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 29.34

Liquidity ratio:                   0.63

Return on total capital [%]:      -3.24

 

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:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR            443,408.17

 Fixed assets                           EUR             17,983.00

  Intangible assets                     EUR              3,652.00

   Other / unspecified intangible assetsEUR              3,652.00

  Tangible assets                       EUR             14,330.00

   Other / unspecified tangible assets  EUR             14,330.00

  Financial assets                      EUR                  1.00

   Other / unspecified financial assets EUR                  1.00

 Current assets                         EUR            421,096.36

  Stocks                                EUR            168,064.95

  Accounts receivable                   EUR            188,324.63

   Other debtors and assets             EUR            188,324.63

  Liquid means                          EUR             64,706.78

 Remaining other assets                 EUR              4,328.81

  Accruals (assets)                     EUR              4,328.81

 

LIABILITIES                             EUR            443,408.17

 Shareholders' equity                   EUR            150,376.63

  Capital                               EUR             50,000.00

   Subscribed capital (share capital)   EUR             50,000.00

  Reserves                              EUR             35,000.00

   Retained earnings / revenue reserves EUR             35,000.00

  Balance sheet profit/loss (+/-)       EUR             65,376.63

   Balance sheet profit / loss          EUR             65,376.63

 Provisions                             EUR             15,564.38

 Liabilities                            EUR            277,467.16

  Other liabilities                     EUR            277,467.16

   Unspecified other liabilities        EUR            277,467.16

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR            330,018.63

 Fixed assets                           EUR             23,653.50

  Intangible assets                     EUR              7,635.00

  Tangible assets                       EUR             16,017.50

  Financial assets                      EUR                  1.00

 Current assets                         EUR            304,998.99

  Stocks                                EUR            159,199.37

  Accounts receivable                   EUR             19,986.36

  Liquid means                          EUR            125,813.26

 Remaining other assets                 EUR              1,366.14

  Accruals (assets)                     EUR              1,366.14

 

LIABILITIES                             EUR            330,018.63

 Shareholders' equity                   EUR             89,842.02

  Capital                               EUR             50,000.00

   Subscribed capital (share capital)   EUR             50,000.00

  Reserves                              EUR             35,000.00

   Retained earnings / revenue reserves EUR             35,000.00

  Balance sheet profit/loss (+/-)       EUR              4,842.02

   Balance sheet profit / loss          EUR              4,842.02

 Provisions                             EUR              6,040.00

 Liabilities                            EUR            234,136.61

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.66

UK Pound

1

Rs.81.79

Euro

1

Rs.67.18

 

 

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.