MIRA INFORM REPORT

 

Report Date :

20.02.2012

 

IDENTIFICATION DETAILS

 

Name :

AROMA CHEMICAL SERVICES INTERNATIONAL (A.C.S. INTERNATIONAL) GMBH

 

 

Registered Office :

Seipstr. 4 D 31812 Bad Pyrmont

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.06.2004

 

 

Com. Reg. No.:

HRB 101937

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of Chemical Products

 

 

No. of Employees :

80

 

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 :

170,000 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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 and address

 

Aroma Chemical Services International (A.C.S. International) GmbH

 

Company Status:      active

 

Seipstr. 4

D 31812 Bad Pyrmont

Telephone:05281/163748

Telefax:  05281/163793

Homepage: www.acsint.de

 

 

VAT no.          

 

 DE814041608

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Registration data

 

 LEGAL FORM              Private limited company

 Date of foundation:        2004

 Shareholders'

 agreement:                   28.04.2004

 Registered on:              15.06.2004

 Commercial Register:    Local court 30175 Hannover

 under:                          HRB 101937

 

 

Share capital                         

 

EUR            408,000.00

 

 

Shareholder

 

Dr. Horst Finkelmeier

D 37603 Holzminden

born: 11.11.1950

Share:             EUR            204,000.00

 

Shareholder:

Michael Specklin

Seipstr. 4

D 31812 Bad Pyrmont

born: 25.02.1949

Share:             EUR            204,000.00

 

Manager:

Dr. Horst Finkelmeier

D 37603 Holzminden

having sole power of representation

born: 11.11.1950

 

Manager:

Michael Specklin

Seipstr. 4

D 31812 Bad Pyrmont

having sole power of representation

born: 25.02.1949

 

 

Further functions/participations of Dr. Horst Finkelmeier

 

(Manager)

Manager:

Arominvest GmbH

Steige 1

D 37603 Holzminden

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         21.09.2006

Reg. data:  31134 Hildesheim, HRB 200370

 

 

COMPANY HISTORY

 

15.06.2004 - 2007        Aroma Chemical Services International

(A.C.S. International) GmbH

Auf der Schanze 2

D 31812 Bad Pyrmont

Private limited company

 

 

BUSINESS ACTIVITIES

 

 Sectors

 4675    Wholesale of chemical products

 

PARTICIPATIONS

 

Shareholder:

Arominvest GmbH

Steige 1

D 37603 Holzminden

Legal form: Private limited company

Company Status: active

Share capital:     EUR             25,000.00

Share:             EUR             10,000.00

Reg. data:  21.09.2006

Local court 31134 Hildesheim

HRB 200370

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      170,000 EUR

 

Balance sheet year:  2010

 

REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Seipstr. 4

                      D 31812 Bad Pyrmont

 

 Land register documents were not available.

 

 

BANKERS

 

 COMMERZBANK, HOLZMINDEN

 Sort. code: 27240004, Account no.: 573962800, BIC: COBADEFF251

FINANCIAL FIGURES

 

 Turnover:            2010               EUR         10,000,000.00

 Profit:              2010               EUR            339,262.00

 Ac/ts receivable:                       EUR          1,396,986.00

 Liabillities:                           EUR          5,648,032.00

 Employees:                                                     80

 

 The aforementioned business figures may partly be estimated

 information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 18.82

 Liquidity ratio:                   0.27

 Return on total capital [%]:       5.06

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 20.53

 Liquidity ratio:                   0.31

 Return on total capital [%]:      -0.76

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 20.90

 Liquidity ratio:                   0.27

 Return on total capital [%]:       1.44

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                  9.00

 Liquidity ratio:                   0.28

 Return on total capital [%]:       4.10

 

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:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          6,707,187.50

  Fixed assets                           EUR          1,015,456.87

   Intangible assets                     EUR              1,682.00

    Other / unspecified intangible assetsEUR              1,682.00

   Tangible assets                       EUR             13,356.15

    Other / unspecified tangible assets  EUR             13,356.15

   Financial assets                      EUR          1,000,418.72

    Other / unspecified financial assets EUR          1,000,418.72

  Current assets                         EUR          5,656,402.56

   Stocks                                EUR          4,252,355.18

   Accounts receivable                   EUR          1,396,986.42

    Other debtors and assets             EUR          1,396,986.42

   Liquid means                          EUR              7,060.96

  Remaining other assets                 EUR             35,328.07

   Accruals (assets)                     EUR             35,328.07

 

 LIABILITIES                             EUR          6,707,187.50

  Shareholders' equity                   EUR            822,887.86

   Capital                               EUR            408,000.00

    Subscribed capital (share capital)   EUR            408,000.00

   Reserves                              EUR              8,000.00

    Retained earnings / revenue reserves EUR              8,000.00

   Balance sheet profit/loss (+/-)       EUR            406,887.86

    Profit / loss brought forward        EUR             67,626.00

    Annual surplus / annual deficit      EUR            339,261.86

  Provisions                             EUR            236,267.82

  Liabilities                            EUR          5,648,031.82

   Other liabilities                     EUR          5,648,031.82

    Unspecified other liabilities        EUR          5,648,031.82

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          4,613,403.20

  Fixed assets                           EUR          1,014,395.00

   Intangible assets                     EUR              3,794.00

    Other / unspecified intangible assetsEUR              3,794.00

   Tangible assets                       EUR             10,182.28

    Other / unspecified tangible assets  EUR             10,182.28

   Financial assets                      EUR          1,000,418.72

    Other / unspecified financial assets EUR          1,000,418.72

  Current assets                         EUR          3,582,425.83

   Stocks                                EUR          2,458,920.79

   Accounts receivable                   EUR          1,111,471.96

    Other debtors and assets             EUR          1,111,471.96

   Liquid means                          EUR             12,033.08

  Remaining other assets                 EUR             16,582.37

   Accruals (assets)                     EUR             16,582.37

 

 LIABILITIES                             EUR          4,613,403.20

  Shareholders' equity                   EUR            475,626.00

   Capital                               EUR            400,000.00

    Subscribed capital (share capital)   EUR            400,000.00

   Reserves                              EUR              8,000.00

    Retained earnings / revenue reserves EUR              8,000.00

   Balance sheet profit/loss (+/-)       EUR             67,626.00

    Profit / loss brought forward        EUR            102,465.36

    Annual surplus / annual deficit      EUR            -34,839.36

  Provisions                             EUR             65,645.44

  Liabilities                            EUR          4,072,131.76

   Other liabilities                     EUR          4,072,131.76

    Unspecified other liabilities        EUR          4,072,131.76

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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.