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Report Date : |
26.04.2013 |
IDENTIFICATION DETAILS
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Name : |
Syntharo Fine Chemicals Gmbh |
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Registered Office : |
Mülheimer Str. 27 D 53840 Troisdorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
27.02.1998 |
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Com. Reg. No.: |
HRB 11187 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other chemical
products n.e.c. |
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No. of Employees : |
6 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world
in PPP terms and Europe's largest - is a leading exporter of machinery,
vehicles, chemicals, and household equipment and benefits from a highly skilled
labor force. Like its Western European neighbors, Germany faces significant
demographic challenges to sustained long-term growth. Low fertility rates and
declining net immigration are increasing pressure on the country's social
welfare system and necessitate structural reforms. Reforms launched by the
government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to
address chronically high unemployment and low average growth, contributed to
strong growth in 2006 and 2007 and falling unemployment. These advances, as
well as a government subsidized, reduced working hour scheme, help explain the
relatively modest increase in unemployment during the 2008-09 recession - the
deepest since World War II - and its decrease to 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues
reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus
of 0.1%. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016 though the target was already reached in 2012. By 2014, the federal
government wants to balance its butget. Following the March 2011 Fukushima
nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of
the country's 17 nuclear reactors would be shut down immediately and the
remaining plants would close by 2022. Germany hopes to replace nuclear power
with renewable energy. Before the shutdown of the eight reactors, Germany
relied on nuclear power for 23% of its electricity generating capacity and 46%
of its base-load electricity production.
Source
: CIA
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
DE256704131
Business relations are
permissible.
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
EUR 100,000.00
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
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
Main industrial sector
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
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Mülheimer
Str. 27
D 53840 Troisdorf
Real Estate of: Lars
Müller
Type of ownership: unknown
Address Mülheimer
Str. 27
D 53840 Troisdorf
Land register documents were not available.
COMMERZBANK VORMALS
DRESDNER BANK, TROISDORF
Sort. code: 37080040, BIC:
DRESDEFF370
SPARKASSE KÖLNBONN, KÖLN
Sort. code: 37050198, BIC:
COLSDE33XXX
Turnover: 2011 EUR 1,700,000.00
2012 EUR 2,100,000.00
Expected turnover: EUR 2,800,000.00
further business figures:
Equipment: EUR 24,988.00
Ac/ts receivable: EUR 213,171.00
Liabilities: EUR 354,261.00
Employees:
6
-
Part-time employees: 3
-
Freelancer: 2
The
aforementioned business figures may partly be estimated
information based on average values in the
line of business.
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 44.01
Liquidity ratio: 0.90
Return on total capital
[%]: 1.75
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: 01.01.2010
- 31.12.2010
ASSETS EUR 571,351.60
Fixed assets
EUR 24,990.00
Intangible
assets EUR 1.00
Other / unspecified intangible assetsEUR 1.00
Tangible assets
EUR 24,988.00
Other / unspecified tangible assets
EUR 24,988.00
Financial assets
EUR 1.00
Other / unspecified financial assets EUR 1.00
Current assets
EUR 542,283.15
Stocks
EUR 252,446.64
Other / unspecified stocks
EUR 252,446.64
Accounts receivable
EUR 213,171.00
Other debtors and assets
EUR 213,171.00
Liquid means EUR 76,665.51
Remaining other assets
EUR 4,078.45
Accruals (assets)
EUR 4,078.45
LIABILITIES EUR 571,351.60
Shareholders' equity
EUR 210,399.28
Capital
EUR 100,000.00
Subscribed capital (share capital)
EUR 100,000.00
Reserves
EUR 35,231.49
Retained earnings / revenue reserves EUR 35,231.49
Balance sheet profit/loss (+/-)
EUR 75,167.79
Balance sheet profit / loss
EUR 75,167.79
Provisions
EUR 6,619.04
Other / unspecified provisions
EUR 6,619.04
Liabilities
EUR 354,261.47
Financial debts
EUR 14,175.00
Liabilities due to banks
EUR 14,175.00
Other liabilities
EUR 340,086.47
Trade creditors (for IAS incl. bills
of exchange)
EUR 269,773.22
Liabilities due to shareholders
EUR 41,048.76
Unspecified other liabilities
EUR 29,264.49
Other liabilities
EUR 71.81
Deferred taxes (not included under
provisions/liabilities)
EUR 71.81
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.17 |
|
|
1 |
Rs.82.99 |
|
Euro |
1 |
Rs.70.62 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
RATING EXPLANATIONS
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.