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Report Date : |
19.05.2012 |
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 : |
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Financials (as on) : |
31.12.2011 |
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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 : |
Subject is a “virtual”
integrated Petroleum and Petrochemicals company |
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No. of Employees : |
150-249 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Kolmar Group AG
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
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
Coverage: Group
Employees: 150-249
Sales: USD
6-8 Bil
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.
Information on property
ownership was not available.
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
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.
Title Name
President Ruth
Sandelowsky, Origin: Netherlands, Address: Zug/ZG, Switzerland, joint signature
of two, Registered since: 03.02.1997
Vice-President Rafael
Aviner, Origin: Armenia, Address: Weston, United States of America, joint
signature of two, Registered since: 03.02.1997
Company Secretary Herbert C. Schlaubitz, Origin: Meikirch,
Switzerland, Address: Walchwil, Switzerland, joint signature of two, Registered
since: 08.10.2004
Executive Director Dr. Moshe Michael Glass, Origin: Zürich,
Switzerland, Address: Zürich/ZH, Switzerland, joint signature of two,
Registered since: 08.10.2004
Executive Director Dr. Josef Bollag, Origin: Endingen,
Switzerland, Address: Baden/AG, Switzerland, joint signature of two, Registered
since: 05.06.2002
Title Name
Member with signing authority Chavdar Tzonev, Origin: Huttwil,
Switzerland, Address: Schwyz, Switzerland, joint signature of two, Registered
since: 13.07.2000
Title Name
Auditor PricewaterhouseCoopers
AG, Address: Zürich, Switzerland, Registered since: 09.12.1998
Title Name
Chief Executive Officer Chavdar Tzonev
Consolidation: consolidated
(Segment)
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008 31.12.2007
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Operating revenue 6'700.0 4'450.0 2'850.0 3'950.0 3'200.0
Employees at
year end 170 170 170 150 120
Offices 23 23 20 20 20
Owner: The
company is foreign owned.
Class: 50-99%
Name: ChemCore
S.A.
City/Country: Luxembourg,
Luxembourg/LU
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
Control date Year No. Amount CHF Status
19.10.2008 2008 0
19.10.2008 2007 0
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.
Financial Situation: The financial
situation is good.
Payment experiences: Payment habits are
considered good.
Business development: The business trend has seen
strong growth.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.