|
Report No. : |
325355 |
|
Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GALATA
CHEMICALS GMBH |
|
|
|
|
Registered Office : |
Chemiestr.
22, D 68623 Lampertheim, Post Box: 17 60, D 68607 Lampertheim |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
12.12.1997 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
140 |
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 : |
Satisfactory |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 2014. The new German government introduced a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in balance in 2014. 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 plans to replace nuclear power with renewable energy, which accounts for 34% of total energy consumption, up from 9% in 2000. 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 |
GALATA CHEMICALS GMBH
Company Status: active
Chemiestr. 22
D 68623 Lampertheim
Post Box:
17 60, D 68607
Lampertheim
Telephone:06206/9570
Telefax: 06206/957109
Homepage:
www.galatachemicals.de
E-mail: info@galatachemicals.de
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1997
Shareholders'
agreement: 25.11.1997
Registered on: 12.12.1997
Commercial Register: Local court 64283
Darmstadt
under: HRB
61629
EUR 2,556,459.41
Galata Chemicals Holding
GmbH
Chemiestr. 22
D 68623 Lampertheim
Legal form:
Private limited company
Share capital: EUR 25,000.00
Share: EUR 2,556,459.41
Registered on: 16.12.2014
Reg. data: 64283 Darmstadt, HRB 93789
Martin Bähr
D 40764 Langenfeld
born: 27.05.1958
Manager:
Natascha Fontanella
D 68159 Mannheim
born: 07.11.1969
née: Rath
Manager:
Steven McKeown
USA Southbury, CT 06488
having sole power of
representation
born: 06.08.1971
Nationality: USA
Markus Bielmeier
D 68642 Bürstadt
authorized to jointly
represent the company
born: 16.11.1967
Proxy:
Sven Bachmann
Fichteck 22
D 67316 Carlsberg
authorized to jointly
represent the company
born: 19.10.1980
Proxy:
Christian Hans Dohnke
D 69115 Heidelberg
authorized to jointly
represent the company
born: 29.07.1969
25.11.1997 - 04.10.1998 Vinyl Additives GmbH
Chemiestr. 22
D 68623 Lampertheim
Private limited
company
05.10.1998 - 28.11.2000 CK Witco Vinyl Additives GmbH
Chemiestr. 22
D 68623 Lampertheim
Private limited company
29.11.2000 - 25.06.2006 Crompton Vinyl Additives GmbH
Chemiestr. 22
D 68623 Lampertheim
Private limited
company
21.12.2011 - 07.05.2013 Manager
Dr. Rolf Maier
D 68526 Ladenburg
21.12.2011 - 12.12.2012 Manager
Sascha Vragolic
D 67227 Frankenthal
Main industrial sector
2059
Manufacture of other chemical products
46750
Wholesale of chemical products
Secondary industrial sector
6420
Activities of holding companies
Payment experience: cash discount/within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Chemiestr.
22
D 68623 Lampertheim
Land
register documents were not available.
COMMERZBANK, 64218 DARMSTADT
Sort. code: 50840005
BIC: COBADEFFXXX
COMMERZBANK, 60005 FRANKFURT AM MAIN
Sort. code: 50040000
BIC: COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, 64219
DARMSTADT
Sort.
code: 50880050
BIC: DRESDEFF508
Turnover: 2013 EUR 128,379,459.00
Profit: 2013 EUR 3,457,186.00
Equipment: EUR 614,126.00
Ac/ts receivable: EUR 20,006,397.00
Liabilities: EUR 10,008,217.00
Employees:
140
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 34.05
Liquidity ratio: 2.15
Return on total capital [%]: 8.07
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 37.18
Liquidity ratio: 1.98
Return on total capital [%]: 10.04
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 35.77
Liquidity ratio: 1.81
Return on total capital [%]: 1.16
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 34.20
Liquidity ratio: 1.55
Return on total capital [%]: -3.67
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.
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.
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.
Financial
year: 01.01.2013 - 31.12.2013
ASSETS EUR 44,969,533.63
Fixed assets EUR 9,374,563.57
Intangible assets
EUR 90,788.90
Concessions, licences, rights
EUR 90,788.90
Tangible assets
EUR 3,941,173.06
Land / similar rights EUR 1,398,648.73
Plant / machinery
EUR 1,928,398.43
Other tangible assets / fixtures and
fittings
EUR 614,125.90
Financial assets
EUR 5,342,601.61
Shares in participations /
subsidiaries and the like
EUR 264,986.64
Shares in related companies
EUR 264,986.64
Other loans
EUR 5,077,614.97
Current assets
EUR 35,043,768.72
Stocks
EUR 14,317,745.60
Raw materials, consumables and
supplies
EUR 4,078,178.00
Finished goods / work in progress
EUR 9,946,906.80
Advance payments made
EUR 292,660.80
Accounts receivable
EUR 20,006,396.83
Trade debtors
EUR 16,059,662.92
Amounts due from related companies
EUR 1,291,586.05
Other debtors and assets
EUR 2,655,147.86
Liquid means
EUR 719,626.29
Remaining other assets
EUR 551,201.34
Accruals (assets)
EUR 40,379.57
Deferred taxes (assets)
EUR 456,996.09
Active difference from asset
offsetting
EUR 53,825.68
LIABILITIES EUR 44,969,533.63
Shareholders' equity
EUR 15,614,040.83
Capital
EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Reserves
EUR 12,720,529.04
Capital reserves
EUR 12,720,529.04
Balance sheet profit/loss (+/-)
EUR 337,052.38
Balance sheet profit / loss EUR 337,052.38
Provisions
EUR 19,347,275.53
Pension provisions and comparable
provisions
EUR 16,025,038.00
Provisions for taxes
EUR 1,223,236.31
Other / unspecified provisions
EUR 2,099,001.22
Liabilities
EUR 10,008,217.27
Financial debts
EUR 506,886.76
Liabilities due to banks
EUR 506,886.76
Other liabilities
EUR 9,501,330.51
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,627,046.37
Liabililties due to related companiesEUR 19,974.10
Unspecified other liabilities
EUR 1,854,310.04
thereof liabilities from tax /
financial authorities
EUR 592,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 128,379,459.41
Inventory change + own costs (+/-)
EUR -699,533.07
Inventory change (+/-)
EUR -699,533.07
Other operating income
EUR 6,138,661.33
Cost of materials
EUR 99,222,582.87
Raw materials and supplies, purchased
goods
EUR 96,309,942.02
Purchased services
EUR 2,912,640.85
Gross result (+/-)
EUR 34,596,004.80
Staff expenses
EUR 11,356,702.52
Wages and salaries
EUR 9,462,182.55
Social security contributions and
expenses for pension plans and
benefits
EUR 1,894,519.97
Total depreciation
EUR 807,285.71
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 807,285.71
Other operating expenses
EUR 16,832,968.61
Operating result from continuing
operations
EUR 5,599,047.96
Interest result (+/-)
EUR -1,016,360.36
Interest and similar income
EUR 58,803.12
thereof from related companies
EUR 52,000.00
Interest and similar expenses
EUR 1,075,163.48
thereof
paid to related companies EUR 0.00
Other financial result
EUR 428,596.94
Income from securities and loans from
financial assets
EUR 428,596.94
Financial result (+/-)
EUR -587,763.42
Result from ordinary operations (+/-)
EUR 5,011,284.54
Extraordinary expenses
EUR 135,088.00
Extraordinary result (+/-)
EUR -135,088.00
Income tax / refund of income tax (+/-)EUR -1,405,212.55
Other taxes / refund of taxes
EUR -13,797.51
Tax
(+/-)
EUR -1,419,010.06
Annual surplus / annual deficit
EUR 3,457,186.48
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 49,260,426.83
Fixed assets
EUR 10,281,297.66
Intangible assets EUR 128,782.10
Concessions, licences, rights
EUR 128,782.10
Tangible assets
EUR 4,605,705.94
Land / similar rights
EUR 1,582,456.08
Plant / machinery
EUR 2,417,656.60
Other tangible assets / fixtures and
fittings
EUR 544,003.41
Advance payments made / construction
in progress
EUR 61,589.85
Financial assets
EUR 5,546,809.62
Shares in participations /
subsidiaries and the like
EUR 264,986.64
Shares in related companies
EUR 264,986.64
Other loans
EUR 5,281,822.98
Current assets
EUR 38,254,243.71
Stocks
EUR 15,511,463.01
Raw materials, consumables and
supplies EUR 3,688,058.01
Finished goods / work in progress
EUR 10,646,439.87
Advance payments made
EUR 1,176,965.13
Accounts receivable
EUR 21,986,179.75
Trade debtors
EUR 15,677,465.11
Amounts due from related companies
EUR 3,772,707.10
Other debtors and assets
EUR 2,536,007.54
Liquid means
EUR 756,600.95
Remaining
other assets EUR 724,885.46
Accruals (assets)
EUR 50,391.25
Deferred taxes (assets)
EUR 674,494.21
LIABILITIES EUR 49,260,426.83
Shareholders' equity
EUR 18,656,854.35
Capital
EUR 2,556,459.41
Subscribed capital (share capital)
EUR 2,556,459.41
Reserves
EUR 15,900,394.94
Capital reserves
EUR 15,768,891.23
Retained earnings / revenue reserves EUR 131,503.71
Balance sheet profit/loss (+/-)
EUR 200,000.00
Balance sheet profit / loss EUR 200,000.00
Provisions
EUR 18,665,881.44
Pension provisions and comparable
provisions
EUR 15,486,976.00
Provisions for taxes
EUR 533,982.50
Other / unspecified provisions
EUR 2,644,922.94
Liabilities
EUR 11,937,691.04
Financial debts
EUR 4,951,163.56
Liabilities due to banks EUR
4,951,163.56
Other liabilities
EUR 6,986,527.48
Trade creditors (for IAS incl. bills
of exchange)
EUR 3,586,661.19
Liabilities from received advance
payments EUR 62,231.66
Liabililties due to related companiesEUR 2,003,615.00
Unspecified other liabilities
EUR 1,334,019.63
thereof liabilities from tax /
financial authorities EUR 71,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 137,777,787.19
Inventory change + own costs (+/-)
EUR -1,213,000.55
Inventory change (+/-)
EUR -1,213,000.55
Other operating income
EUR 5,223,529.55
Cost of materials
EUR 106,512,007.90
Raw materials and supplies, purchased
goods EUR 101,190,014.02
Purchased services
EUR 5,321,993.88
Gross result (+/-)
EUR 35,276,308.29
Staff expenses
EUR 11,073,347.93
Wages
and salaries EUR 9,432,511.65
Social security contributions and
expenses for pension plans and
benefits
EUR 1,640,836.28
Total depreciation
EUR 898,832.68
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 898,832.68
Other operating expenses
EUR 16,460,966.81
Operating result from continuing
operations
EUR 6,843,160.87
Interest result (+/-)
EUR -861,762.50
Interest and similar income
EUR 669,064.93
thereof from related companies
EUR 669,000.00
Interest and similar expenses
EUR 1,530,827.43
thereof paid to related companies
EUR 16,000.00
Other financial result
EUR 608,735.61
Income from securities and loans from
financial assets
EUR 608,735.61
Financial result (+/-)
EUR -253,026.89
Result from ordinary operations (+/-)
EUR 6,590,133.98
Extraordinary expenses
EUR 950,400.32
Extraordinary result (+/-)
EUR -950,400.32
Income tax / refund of income tax (+/-)EUR -1,698,185.40
Other taxes / refund of taxes
EUR -13,693.54
Tax
(+/-) EUR
-1,711,878.94
Annual surplus / annual deficit
EUR 3,927,854.72
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.97.98 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.