|
Report Date : |
29.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHEMSYNERGY
AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Am Meerkamp
17D 40667 Meerbusch |
|
|
|
|
Country : |
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|
|
|
|
Financials (as on) : |
31.12.2012 |
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|
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Date of Incorporation : |
31.03.2000 |
|
|
|
|
Legal Form : |
Public
limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of other inorganic basic chemicals ·
Business
and other management consultancy activities |
|
|
|
|
No. of Employees |
30 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
CHEMSYNERGY AKTIENGESELLSCHAFT
Company Status: active
Am Meerkamp 17
D 40667 Meerbusch
Telephone:02132/13980
Telefax: 02132/139898
Homepage: www.chemsynergy.com
E-mail: info@chemsynergy.com
VAT no.: DE812945734
Business relations are permissible.
LEGAL FORM Public
limited company
Date of foundation: 31.03.2000
Registered on: 21.06.2000
Commercial Register: Local court 41460 Neuss
under: HRB
10121
Share capital: EUR 1,259,200.00
President of the Supervisory Board:
Dr. Karen Oder-Wieczorek
Birkenweg 9
D 40670 Meerbusch
born: 28.07.1958
née: Oder
Marital status: married
Member of the Supervisory Board:
Dr. Ottmar
Boltsch-Möhring-Frings
Am Rosengarten 58
D 50827 Köln
Member of the Supervisory Board:
Dr. Burkhard Marl
Wehler Dorfstr. 74a
D 41472 Neuss
Marital status: unknown
30.08.2000 - 26.09.2012 Member of the Board of Directors
Dr. Frank Wieczorek
D 40670 Meerbusch
Main industrial sector
2013
Manufacture of other inorganic basic chemicals
46760 Wholesale of other intermediate goods
Secondary industrial sector
2014
Manufacture of other organic basic chemicals
70220 Business and other management consultancy
activities
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Am
Meerkamp 17
D
40667 Meerbusch
Real Estate of: Dr.
Karen Oder-Wieczorek
Type of ownership: unknown
Address Birkenweg
9
D 40670 Meerbusch
Real Estate of: Dr.
Burkhard Marl
Type of ownership: Tenant
Address Wehler Dorfstr. 74a
D 41472 Neuss
Land register documents were not available.
DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN,
40667 MEERBUSCH
Sort. code: 30070024
BIC: DEUTDEDBDUE
DEUTSCHE BANK, 40667 MEERBUSCH
Sort. code: 30070010
BIC: DEUTDEDDXXX
HSBC TRINKAUS & BURKHARDT, 40002
DÜSSELDORF
Sort. code: 30030880
BIC: TUBDDEDDXXX
Profit: 2012 EUR 284,992.00
Ac/ts receivable: EUR 4,462,391.00
Liabilities: EUR 6,840,999.00
Employees:
30
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 5.67
Liquidity ratio: 0.72
Return on total capital
[%]: 3.92
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 2.94
Liquidity ratio: 0.82
Return on total capital
[%]: 2.60
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 0.03
Liquidity ratio: 0.46
Return on total capital
[%]: 4.49
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: 01.01.2012 - 31.12.2012
ASSETS EUR 7,273,685.29
Fixed assets EUR 71,967.12
Intangible assets EUR 7,243.00
Tangible assets EUR 53,420.71
Financial assets EUR 11,303.41
Other / unspecified
financial assets EUR
11,303.41
Current assets EUR 7,198,930.15
Stocks EUR 2,136,585.01
Accounts receivable EUR 4,462,391.16
Liquid means EUR 599,953.98
Remaining other
assets EUR 2,788.00
Accruals (assets) EUR 2,788.00
Difference assets /
liabilities EUR 0.02
LIABILITIES EUR 7,273,685.29
Shareholders' equity EUR 415,582.18
Capital EUR
1,259,200.00
Subscribed capital
(share capital) EUR 1,259,200.00
Reserves EUR 884,602.41
Capital reserves EUR 884,602.41
Balance sheet profit/loss
(+/-) EUR -1,728,220.23
Annual surplus / annual
deficit EUR 284,991.73
Balance sheet profit /
loss EUR -2,013,211.96
Provisions EUR 17,104.00
Liabilities EUR 6,840,999.11
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011 - 31.12.2011
ASSETS EUR 4,131,866.67
Fixed assets EUR 82,769.74
Intangible assets EUR 18,641.63
Other / unspecified
intangible assetsEUR
18,641.63
Tangible assets EUR 52,824.70
Other / unspecified
tangible assets EUR 52,824.70
Financial assets EUR 11,303.41
Other / unspecified
financial assets EUR
11,303.41
Current assets EUR 4,046,697.93
Stocks EUR 674,048.83
Accounts receivable EUR 2,646,468.45
Other debtors and
assets EUR 2,646,468.45
Liquid means EUR 726,180.65
Remaining other
assets EUR 2,399.00
Accruals (assets) EUR 2,399.00
LIABILITIES EUR 4,131,866.67
Shareholders' equity EUR 130,590.45
Capital EUR 1,259,200.00
Subscribed capital
(share capital) EUR 1,259,200.00
Reserves EUR 884,602.41
Capital reserves EUR 884,602.41
Balance sheet profit/loss
(+/-) EUR -2,013,211.96
Annual surplus / annual
deficit EUR 107,098.31
Balance sheet profit /
loss EUR -2,120,310.27
Provisions EUR 28,500.00
Liabilities EUR 3,972,776.22
Other liabilities EUR 3,972,776.22
Unspecified other
liabilities EUR 3,972,776.22
Inconsistent balance sheets:
Financial year published on
01.01.2009 - 31.12.2009 18.03.2011
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
NIS |
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.