MIRA INFORM REPORT
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Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
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Name : |
WEYLCHEM GRIESHEIM GMBH |
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Registered Office : |
Stroofstr. 27, D 65933 Frankfurt |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
14.05.2008 |
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Com. Reg. No.: |
HRB 84190 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacture of
other chemical products |
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No. of Employees
: |
146 |
RATING & COMMENTS
|
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 : |
50,000 EUR |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
WeylChem Griesheim GmbH
Stroofstr. 27
D 65933 Frankfurt
Telephone: 069/3800-2110
Telefax: 069/3800-2103
Homepage: www.weylchem.com
LEGAL FORM Private limited company
Date of
foundation: 14.05.2008
Shareholders'
agreement: 14.05.2008
Registered on: 30.10.2008
Commercial Register:
Local court 60313 Frankfurt
under: HRB 84190
Share capital: EUR 25,000.00
WeylChem RM Holding GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered on: 18.06.2007
Reg. data: 60313 Frankfurt, HRB 80322
Rafael Reiser
D 42853 Remscheid
born: 10.02.1966
Profession: Fully qualified political
economist
Martin Schmitz
D 65510 Idstein
authorized to jointly represent the company
born: 24.07.1963
Proxy:
Volker Eberhard
D 65033 Wiesbaden
authorized to jointly represent the company
born: 19.03.1956
Proxy:
Dr. Jens Albert
Brückengartenweg 8
D 65527 Niedernhausen
authorized to jointly represent the company
born: 26.11.1969
Further functions/participations of Rafael
Reiser (Manager)
Manager:
WeylChem Frankfurt GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,100.00
Registered
on: 20.12.2004
Reg. data: 60313 Frankfurt, HRB 74009
Manager:
WeylChem RM Holding GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR
25,000.00
Registered
on: 18.06.2007
Reg. data: 60313 Frankfurt, HRB 80322
Manager:
WeylChem Höchst GmbH
Stroofstr. 27
D 65933 Frankfurt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 30.10.2008
Reg. data: 60313 Frankfurt, HRB 84189
Manager:
German-Sino Carbon &
Chemical GmbH
Münsterstr. 248
D 40470 Düsseldorf
Legal form: Private
limited company
Share capital: EUR 50,000.00
Registered
on: 12.10.2011
Reg. data: 40213 Düsseldorf, HRB 66555
05.11.2008 -
12.09.2011 Manager
Bernd Ronald Krapp
D 67063 Ludwigshafen
05.11.2008 -
09.05.2011 Manager
Georg Weichselbaumer
D 65779 Kelkheim
05.11.2008 -
19.01.2011 Manager
Dr. Joachim Hackenbruch
D 55129 Mainz
Sectors
20590 Manufacture of other chemical products
n.e.c.
Payment
experience: cash discount/within
agreed terms
Negative information:
We have no negative information at
hand.
Maximum credit: 50,000
EUR
Balance sheet
year: 2009
Type of
ownership: Tenant
Address Stroofstr.
27
D 65933 Frankfurt
Land register documents
were not available.
Principal bank
COMMERZBANK,
FRANKFURT AM MAIN
Sort. code:
50040000, BIC: COBADEFFXXX
Equipment:
EUR 210,587.00
Ac/ts receivable:
EUR 8,820,353.00
Liabillities:
EUR 10,043,313.00
Employees:
146
- thereof permanent staff: 146
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
41.87
Liquidity ratio:
0.59
Return on total capital [%]:
2.65
Balance sheet ratios 15.05.2008 - 31.12.2008
Equity ratio [%]:
44.18
Liquidity ratio: 0.73
Return on total capital [%]:
-3.79
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 27,933,769.10
Fixed assets EUR 6,505,135.57
Intangible assets EUR 455.73
Concessions, licences,
rights EUR 455.73
Tangible assets EUR 6,504,679.84
Land / similar rights EUR 249,537.71
Plant / machinery EUR 5,711,673.59
Other tangible assets / fixtures
and
fittings EUR 210,587.79
Advance payments made /
construction
in progress EUR 332,880.75
Current assets EUR 21,428,633.53
Stocks EUR 12,583,279.84
Raw materials, consumables and
supplies EUR 2,190,926.03
Finished goods / work in
progress EUR 10,392,353.81
Accounts receivable EUR 8,820,353.69
Amounts due from related
companies EUR 7,542,140.15
Other debtors and assets EUR 1,278,213.54
Liquid means EUR 25,000.00
LIABILITIES
EUR 27,933,769.10
Shareholders' equity EUR 13,394,690.03
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Reserves EUR 13,799,821.93
Capital reserves EUR 13,799,821.93
Balance sheet profit/loss
(+/-) EUR -430,131.90
Profit / loss brought
forward EUR -1,092,436.25
Annual surplus / annual
deficit EUR 662,304.35
Provisions EUR 4,495,765.80
Pension provisions and comparable
provisions EUR 1,845,117.00
Other / unspecified
provisions EUR 2,650,648.80
Liabilities EUR 10,043,313.27
Other liabilities EUR 10,043,313.27
Trade creditors (for IAS incl. bills
of exchange) EUR 3,185,558.48
Liabililties due to related
companiesEUR 6,732,927.04
Unspecified other
liabilities EUR 124,827.75
thereof liabilities from tax /
financial authorities EUR 123,367.94
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 78,055,799.23
Inventory change + own costs
(+/-) EUR -619,827.95
Inventory change (+/-) EUR -619,827.95
Other operating income EUR 2,201,084.97
Cost of materials EUR 54,467,061.62
Raw materials and supplies,
purchased
goods EUR 27,639,059.96
Purchased services EUR 26,828,001.66
Gross result (+/-) EUR 25,169,994.63
Staff expenses EUR 9,791,914.36
Wages and salaries EUR 7,794,017.88
Social security contributions and
expenses for pension plans and
benefits EUR 1,997,896.48
Total depreciation EUR 1,762,696.51
Depreciation on tangible /
intangible
asssets (incl. start-up and exp.
of
bus. EUR 1,762,696.51
Other operating expenses EUR 12,854,601.88
Operating result from continuing
operations EUR 760,781.88
Interest result (+/-) EUR -98,477.53
Interest and similar income EUR 108,530.09
thereof from related
companies EUR 108,505.89
Interest and similar
expenses EUR 207,007.62
thereof paid to related
companies EUR 79,513.32
Financial result (+/-) EUR -98,477.53
Result from ordinary operations
(+/-) EUR 662,304.35
Annual surplus / annual
deficit EUR 662,304.35
Type of balance
sheet: Company
balance sheet
Financial year: 15.05.2008 -
31.12.2008
ASSETS
EUR 28,820,350.94
Fixed assets EUR 6,335,006.47
Intangible assets EUR 1,063.35
Concessions, licences,
rights EUR 1,063.35
Tangible assets EUR 6,333,943.12
Land / similar rights EUR 122,796.48
Plant / machinery EUR 4,542,095.94
Other tangible assets / fixtures
and
fittings EUR 144,258.77
Advance payments made /
construction
in progress EUR 1,524,791.93
Current assets EUR 22,485,344.47
Stocks EUR 14,367,419.11
Raw materials, consumables and
supplies EUR 3,309,271.63
Finished goods / work in
progress EUR 11,058,147.48
Accounts receivable EUR 8,092,925.36
Amounts due from related
companies EUR 7,960,375.65
Other debtors and assets EUR 132,549.71
Liquid means EUR 25,000.00
LIABILITIES
EUR 28,820,350.94
Shareholders' equity EUR 7,445,316.15
Capital EUR 25,000.00
Subscribed capital (share
capital) EUR 25,000.00
Reserves EUR 8,512,752.40
Capital reserves EUR
8,512,752.40
Balance sheet profit/loss
(+/-) EUR -1,092,436.25
Annual surplus / annual
deficit EUR -1,092,436.25
Provisions EUR 4,929,282.05
Pension provisions and comparable
provisions EUR 1,727,009.00
Other / unspecified
provisions EUR 3,202,273.05
Liabilities EUR 16,445,752.74
Other liabilities EUR 16,445,752.74
Trade creditors (for IAS incl.
bills
of exchange) EUR 7,559,926.36
Liabililties due to related
companiesEUR 8,758,875.35
Unspecified other
liabilities EUR 126,951.03
thereof liabilities from tax /
financial authorities EUR 126,951.03
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 41,921,893.52
Inventory change + own costs
(+/-) EUR 10,962,144.92
Inventory change (+/-) EUR 10,962,144.92
Other operating income EUR 2,046,816.97
Cost of materials EUR 39,136,375.67
Raw materials and supplies,
purchased
goods EUR 26,905,006.99
Purchased services EUR 12,231,368.68
Gross result (+/-) EUR 15,794,479.74
Staff expenses EUR 5,836,340.04
Wages and salaries EUR 4,423,687.60
Social security contributions and
expenses for pension plans and
benefits EUR 1,412,652.44
Total depreciation EUR 822,784.91
Depreciation on tangible /
intangible
asssets (incl. start-up and exp.
of
bus. EUR 822,784.91
Other operating expenses EUR 10,126,735.17
Operating result from continuing
operations EUR -991,380.38
Interest result (+/-) EUR -101,055.87
Interest and similar income EUR 99,698.33
thereof from related
companies EUR 99,697.00
Interest and similar
expenses EUR 200,754.20
thereof paid to related
companies EUR 188,572.15
Financial result (+/-) EUR -101,055.87
Result from ordinary operations
(+/-) EUR -1,092,436.25
Annual surplus / annual deficit EUR -1,092,436.25
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.57 |
|
UK Pound |
1 |
Rs.79.57 |
|
Euro |
1 |
Rs.66.50 |
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.