MIRA INFORM REPORT
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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HARKE CHEMICALS |
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Registered Office : |
D 45479 Mülheim, Post Box 10 17 53, D 45417 Mülheim |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
03.09.2003 |
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Com. Reg. No.: |
HRB 16411 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of chemical products |
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No. of Employees
: |
26 |
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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Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Germany |
a1 |
a1 |
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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 |
HARKE Chemicals GmbH
Xantener Str. 1-3
D 45479 Mülheim
Post Box:
10 17 53, D 45417 Mülheim
Telephone: 0208/30690
Telefax: 0208/30691111
Homepage: www.harke.com
E-mail: info@harke.com
DE813786812
120/5773/0600
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 01.01.1965
Shareholders'
agreement: 21.08.2003
Registered on: 03.09.2003
Commercial Register: Local
court 47051 Duisburg
under: HRB 16411
Share capital:
EUR 250,000.00
Harke Group GmbH
Xantener Str. 1
D 45479 Mülheim
Post Box:
10 17 53
Legal form: Private limited company
Share capital: EUR 155,000.00
Share: EUR 225,000.00
Registered on: 16.04.2003
Reg. data: 47051 Duisburg, HRB 16345
Shareholder:
Ellen Harke
Robert-Koch-Str. 33
D 45470 Mülheim
born: 11.07.1936
née: Diehr
Share: EUR 12,500.00
Shareholder:
Thorsten Harke
Robert-Koch-Str. 27
D 45470 Mülheim
born: 11.05.1966
Share: EUR 12,500.00
Thorsten Harke
Robert-Koch-Str. 27
D 45470 Mülheim
having sole power of representation
born: 11.05.1966
Profession: Fully qualified merchant
Rainer Hummelt
D 45130 Essen
authorized to jointly represent the company
Proxy:
Jörg Hans
D 45711 Datteln
authorized to jointly represent the company
born: 18.07.1965
Proxy:
Friedhelm Fieseler
D 45475 Mülheim
authorized to jointly represent the company
born: 09.10.1960
Proxy:
Dirk Forler
D 47624 Kevelaer
authorized to jointly represent the company
born: 11.08.1967
Proxy:
Holger Warnsing
D 45468 Mülheim
authorized to jointly represent the company
born: 26.02.1965
Further
functions/participations of Thorsten Harke (Manager)
Limited partner:
Studentenwohnheim Vallendar I GmbH
& Co. KG
Mühlstr. 25
D
67659 Kaiserslautern
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Total
cap. EUR 640,000.00
contribution:
Share: EUR 50,000.00
Registered
on: 05.07.2011
Reg. data: 67657 Kaiserslautern, HRA 30316
Shareholder:
Harke
Group GmbH
Xantener Str. 1
D
45479 Mülheim
Post
Box:
10 17
53
Legal form: Private limited
company
Share
capital: EUR 155,000.00
Share: EUR 155,000.00
Registered
on: 16.04.2003
Reg.
data: 47051 Duisburg, HRB 16345
Shareholder:
AICELLO Chemical Europe GmbH
Xantener Str. 1-3
D
45479 Mülheim
Legal
form: Private limited company
Share
capital: EUR 125,000.00
Share: EUR 112,500.00
Registered
on: 25.03.2002
Reg. data: 47051 Duisburg, HRB 16158
Shareholder:
HARKE
Pharma GmbH
Xantener Str. 1-3
D
45479 Mülheim
Post
Box:
10 17
53
Legal
form: Private limited company
Share
capital: EUR 250,000.00
Share: EUR 25,000.00
Registered
on: 29.01.1982
Reg. data: 47051 Duisburg, HRB 14531
Shareholder:
HARKE
SERVICES GmbH
Xantener Str. 1
D
45479 Mülheim
Legal
form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 15.02.2007
Reg.
data: 47051 Duisburg, HRB 19120
Shareholder:
Carefit GmbH
Xantener Str. 1-3
D
45479 Mülheim
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 27.12.2001
Reg.
data: 47051 Duisburg, HRB 16117
Manager:
HARKE
Pharma GmbH
Xantener Str. 1-3
D
45479 Mülheim
Post
Box:
10 17
53
Legal
form: Private limited company
Share
capital: EUR 250,000.00
Registered
on: 29.01.1982
Reg.
data: 47051 Duisburg, HRB 14531
Manager:
Carefit GmbH
Xantener Str. 1-3
D
45479 Mülheim
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 27.12.2001
Reg.
data: 47051 Duisburg, HRB 16117
Manager:
Harke
Group GmbH
Xantener Str. 1
D
45479 Mülheim
Post
Box:
10 17
53
Legal
form: Private limited company
Share
capital: EUR 155,000.00
Registered
on: 16.04.2003
Reg.
data: 47051 Duisburg, HRB 16345
Manager:
HARKE
SERVICES GmbH
Xantener Str. 1
D
45479 Mülheim
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on:
15.02.2007
Reg.
data: 47051 Duisburg, HRB 19120
Manager:
Zoz-Harke Aviation Verwaltungs GmbH
Maltozstr.
D
57482 Wenden
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 14.07.2011
Reg.
data: 57072 Siegen, HRB 9528
28.07.1965 - 03.09.2003
Syntana Handelsgesellschaft E. Harke
GmbH & Co.
Delle 50-52
D
45468 Mülheim
Ltd partnership with priv. ltd. company
as general partner
03.09.2003 -
22.09.2003 SYNTANA Handelsgesellschaft
E. Harke
GmbH
Xantener Str. 1-3
D
45479 Mülheim
Private limited company
22.09.2003 -
21.01.2009 SYNTANA GmbH (bis 21.01.2009)
Xantener Str. 1-3
D
45479 Mülheim
Private limited company
Sectors
46750 Wholesale of chemical
products
Shareholder:
HARKE
Pharma GmbH
Xantener Str. 1-3
D
45479 Mülheim
Post
Box:
10 17
53
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 250,000.00
Share: EUR 180,000.00
Reg.
data: 29.01.1982
Local court 47051 Duisburg
HRB 14531
Payment
experience: cash discount/within
agreed terms
Negative
information: We have no negative
information at hand.
Balance sheet year: 2008
Type of ownership: Tenant
Address Xantener Str. 1-3
D 45479 Mülheim
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, MÜLHEIM AN DER RUHR
Sort. code: 36280071, BIC: DRESDEFF362
Gross profit or loss:2011 EUR 8,100,000.00
Equipment: EUR 45,516.00
Ac/ts receivable: EUR 4,831,336.00
Liabillities: EUR 5,693,707.00
Total numbers of vehicles: 10
-
Passenger cars:
10
Employees: 26
-
Part-time employees: 3
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 33.08
Liquidity ratio: 1.20
Return
on total capital [%]: 7.78
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 34.73
Liquidity ratio: 1.16
Return on total capital [%]: -1.61
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.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 9,355,100.75
Fixed assets EUR 96,438.60
Tangible assets
EUR 46,332.00
Plant / machinery
EUR 816.00
Other tangible assets / fixtures and
fittings EUR 45,516.00
Financial assets
EUR 50,106.60
Shares in participations /
subsidiaries and the like
EUR 50,106.60
Shares in investee companies
EUR 50,106.60
Current assets
EUR 9,237,517.40
Stocks
EUR 2,752,539.55
Accounts receivable
EUR 4,831,336.93
Amounts due from related companies
EUR 1,219.04
Other debtors and assets
EUR 4,830,117.89
Liquid means
EUR 1,653,640.92
Remaining other assets
EUR 21,144.75
Accruals (assets) EUR 21,144.75
LIABILITIES EUR 9,355,100.75
Shareholders' equity
EUR 3,094,444.56
Capital
EUR 250,000.00
Subscribed
capital (share capital) EUR 250,000.00
Reserves
EUR 360,000.00
Capital reserves
EUR 360,000.00
Balance sheet profit/loss (+/-)
EUR 2,484,444.56
Profit / loss brought forward
EUR 1,756,496.62
Annual surplus / annual deficit
EUR 727,947.94
Provisions
EUR 566,948.79
Liabilities
EUR 5,693,707.40
Other liabilities
EUR 5,693,707.40
Liabilities due to investee companiesEUR 7,708.12
Unspecified other liabilities
EUR 5,685,999.28
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 4,847,102.09
Staff expenses
EUR 1,842,933.11
Wages and salaries
EUR 1,637,226.32
Social security contributions and
expenses for pension plans and
benefits
EUR 205,706.79
Total depreciation
EUR 195,134.50
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 29,269.50
Depreciation on current assets (+/-)
EUR 165,865.00
Other operating expenses
EUR 1,853,927.62
Operating result from continuing
operations EUR 955,106.86
Interest result (+/-)
EUR 15,650.43
Interest and similar income
EUR 29,934.04
Interest and similar expenses
EUR 14,283.61
Financial result (+/-)
EUR 15,650.43
Result from ordinary operations (+/-)
EUR 970,757.29
Income tax / refund of income tax (+/-)EUR -240,312.59
Other taxes / refund of taxes
EUR -2,496.76
Tax
(+/-)
EUR -242,809.35
Annual surplus / annual deficit
EUR 727,947.94
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2007 - 31.12.2007
ASSETS EUR 6,814,400.21
Fixed assets
EUR 123,982.60
Tangible assets
EUR 73,876.00
Plant / machinery
EUR 1,103.00
Other tangible assets / fixtures and
fittings
EUR 72,773.00
Financial assets
EUR 50,106.60
Shares in participations /
subsidiaries and the like
EUR 50,106.60
Shares in investee companies
EUR 50,106.60
Current assets
EUR 6,660,295.34
Stocks
EUR 2,076,837.36
Accounts receivable
EUR 3,349,187.58
Other debtors and assets
EUR 3,349,187.58
Liquid means
EUR 1,234,270.40
Remaining other assets
EUR 30,122.27
Accruals
(assets) EUR 30,122.27
LIABILITIES EUR 6,814,400.21
Shareholders' equity
EUR 2,366,496.62
Capital
EUR 250,000.00
Subscribed capital (share capital)
EUR 250,000.00
Reserves
EUR 360,000.00
Capital reserves
EUR 360,000.00
Balance sheet profit/loss (+/-)
EUR 1,756,496.62
Profit / loss brought forward
EUR 1,866,420.89
Annual surplus / annual deficit
EUR -109,924.27
Provisions
EUR 316,449.50
Liabilities EUR 4,131,454.09
Other liabilities
EUR 4,131,454.09
Liabilities due to investee companiesEUR 39,417.62
Unspecified other liabilities
EUR 4,092,036.47
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 3,716,198.90
Staff expenses
EUR 2,048,550.62
Wages and salaries
EUR 1,781,239.51
Social security contributions and
expenses for pension plans and
benefits
EUR 267,311.11
Total depreciation
EUR 187,645.21
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 33,467.98
Depreciation on current assets (+/-)
EUR 154,177.23
Other operating expenses
EUR 1,594,505.26
Operating
result from continuing
operations
EUR -114,502.19
Interest result (+/-)
EUR 9,459.47
Interest and similar income
EUR 15,491.45
Interest and similar expenses
EUR 6,031.98
thereof paid to related companies
EUR 0.00
Financial result (+/-)
EUR 9,459.47
Result from ordinary operations (+/-)
EUR -105,042.72
Income tax / refund of income tax (+/-)EUR -2,643.14
Other taxes / refund of taxes
EUR -2,238.41
Tax
(+/-)
EUR -4,881.55
Annual surplus / annual deficit
EUR -109,924.27
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.50 |
|
UK Pound |
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
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 |
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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.