MIRA INFORM
REPORT
|
Report Date : |
23.04.2011 |
Supplement
We refer
to your enquiry of 22.11.2010.In the meantime there have been changes in
particular in the following areas subject to monitoring:
Company
name & address
VAG-Armaturen GmbH
Main address:
Carl-Reuther-Str. 1
D 68305 Mannheim
Post Box:
31 01 04, D 68161 Mannheim
Telephone: 0621/7490
Telefax: 0621/7491710
Homepage: www.vag-armaturen.com
E-mail: info@vag-armaturen.com
VAT
no.
DE811115114
CONCLUSION
Business relations are permissible. The company is considered
solvent for credits within its scope of business.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1961
Shareholders'
agreement: 12.11.1961
Registered on: 22.10.2003
Commercial Register: Local
court 68159 Mannheim
under: HRB 9735
Share capital: EUR 1.050.000,00
Shareholder
VAG Holding GmbH
Carl-Reuther-Str. 1
D 68305 Mannheim
Legal form: Private limited company
Share capital: EUR 100.000,00
Share: EUR 1.050.000,00
Registered on: 24.04.2008
Reg. data: 68159 Mannheim, HRB 704277
Manager
Dipl.-Wirtsch. Ing. Robert Fellner-Feldegg
Ulrich-Kiffhaber-Str. 9
D 86899 Landsberg
born: 24.05.1965
Marital status: married
Proxy
Hans-Günter Hieronimus
D 67821 Alsenz
born: 10.08.1955
Proxy:
Bernd Ostendorf
D 67454 Haßloch
born: 03.08.1944
Proxy:
Manfred Schmidt
D 65558 Hirschberg
authorized to jointly represent the company
born: 22.12.1946
Further functions/participations of
Dipl.-Wirtsch. Ing. Robert Fellner-Feldegg (Manager)
Shareholder:
FF
Vermögensverwaltungs GmbH
Ulrich-Kiffhaber-Str. 9
D
86899 Landsberg
Legal form: Private limited company
Share
capital: EUR 25.000,00
Share: EUR 25.000,00
Registered
on: 04.01.2005
Reg. data: 86150 Augsburg, HRB 20952
Shareholder:
VAG
Holding GmbH
Carl-Reuther-Str. 1
D
68305 Mannheim
Legal
form: Private limited company
Share capital: EUR 100.000,00
Share: EUR 10.000,00
Registered
on: 24.04.2008
Reg.
data: 68159 Mannheim, HRB 704277
Manager:
FF
Vermögensverwaltungs GmbH
Ulrich-Kiffhaber-Str. 9
D
86899 Landsberg
Legal
form: Private limited company
Share
capital: EUR
25.000,00
Registered
on: 04.01.2005
Reg.
data: 86150 Augsburg, HRB 20952
Manager:
VAG
Holding GmbH
Carl-Reuther-Str. 1
D
68305 Mannheim
Legal
form: Private limited company
Share
capital: EUR 100.000,00
Registered
on: 24.04.2008
Reg. data: 68159 Mannheim, HRB 704277
COMPANY HISTORY
1961 - 11.09.1979 IWKA Industrie- Ausrüstungen-Vertriebs-
GmbH
Gartenstr. 71
D 76135 Karlsruhe
Private limited company
13.05.1998 -
21.10.2003 IWKA - Industrieanlagen GmbH
-HRB 564-
Gartenstr. 71
D 76135 Karlsruhe
Private limited
company
22.10.2003 - 27.11.2003 VAG-Armaturen GmbH
Carl-Reuther-Str. 1
D 68305 Mannheim
Private limited
company
RESIGNED ACTING PERSONS AND SHAREHOLDERS
27.06.2007 -
11.04.2008 Manager
Dr.Ing. Klaus Richard Stösser
D
68163 Mannheim
BUSINESS ACTIVITIES
Sectors
28140 Manufacture of taps and valves n.e.c.
BRANCHES AND FACTORIES
Branch:
VAG-Armaturen GmbH
Wilhelmstr. 17
D
09117 Chemnitz
TEL.:
0371/8448132
FINANCIAL
INFORMATION
Payment experience: within agreed terms
Negative information: We
have no negative information at hand.
Maximum credit: >
250.000 EUR
Balance sheet year: 2009
REAL
ESTATE
Type of ownership: Tenant
Address Carl-Reuther-Str.
1
D 68305 Mannheim
Land register documents were not available.
BANKERS
Principal bank
LANDESBANK BADEN-WÜRTTEMBERG, MANNHEIM
Sort. code: 67050000, BIC: SOLADEST670
Further banks
BADEN-WÜRTTEMBERGISCHE BANK, MANNHEIM
Sort. code: 67020020, BIC: SOLADEST671
DEUTSCHE BANK, MANNHEIM
Sort. code: 67070010, BIC: DEUTDESMXXX
FINANCIAL
FIGURES
Turnover: 2009 EUR 94.524.097,00
Profit: 2009 EUR 5.377.389,00
Employees:
236
-
thereof permanent staff: 236
BALANCE
SHEETS
Balance sheet ratios 2009
Equity ratio [%]: 49,85
Liquidity ratio: 1,95
Return on total capital [%]: 10,32
Balance sheet ratios 2008
Equity ratio [%]: 43,31
Liquidity
ratio: 1,04
Return on total capital [%]: 19,25
Balance sheet ratios 2007
Equity ratio [%]: 28,53
Liquidity ratio: 0,95
Return on total capital [%]: 5,37
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 52.632.590,07
Fixed assets
EUR 9.908.437,33
Intangible assets
EUR 853.576,00
Concessions, licences, rights
EUR 853.576,00
Tangible assets
EUR 4.168.522,90
Land / similar rights
EUR 625.160,83
Plant / machinery
EUR 2.432.403,80
Other tangible assets / fixtures and
fittings EUR 1.110.958,27
Financial assets
EUR 4.886.338,43
Shares in participations /
subsidiaries and the like
EUR 3.986.338,43
Shares in related companies
EUR 3.986.338,43
Loans to participations /
subsidiaries and the like
EUR 900.000,00
Loans to related companies
EUR 900.000,00
Current assets
EUR 42.724.152,74
Stocks EUR 6.538.178,44
Raw materials, consumables and
supplies
EUR 2.279.486,82
Finished goods / work in progress
EUR 4.590.783,47
Advance payments made
EUR 201.035,34
Minus received advance payments for
orders / installments for stocks
EUR -533.127,19
Accounts receivable
EUR 32.700.534,76
Trade debtors EUR
18.684.907,52
Amounts due from related companies
EUR 13.734.948,63
Other debtors and assets
EUR 280.678,61
Liquid means
EUR 3.485.439,54
LIABILITIES EUR 52.632.590,07
Shareholders' equity
EUR 16.011.141,05
Capital
EUR 1.050.000,00
Subscribed capital (share capital)
EUR 1.050.000,00
Reserves EUR 14.399.459,88
Capital reserves
EUR 14.399.459,88
Balance sheet profit/loss (+/-)
EUR 561.681,17
Profit / loss brought forward
EUR 561.681,17
Provisions EUR 5.942.935,00
Pension provisions and comparable
provisions
EUR 3.510.485,00
Other / unspecified provisions
EUR 2.432.450,00
Liabilities EUR 30.678.514,02
Financial debts
EUR 16.518.326,04
Liabilities due to banks
EUR 16.518.326,04
Other liabilities
EUR 14.160.187,98
Trade creditors (for IAS incl. bills
of exchange)
EUR 2.390.735,07
Liabililties due to related companiesEUR 10.638.600,98
Unspecified other liabilities
EUR 1.130.851,93
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 94.524.097,20
Inventory change + own costs (+/-)
EUR -2.255.057,84
Inventory change (+/-)
EUR -2.255.057,84
Other operating income
EUR 3.044.497,04
Cost of materials
EUR 51.750.565,62
Gross result (+/-)
EUR 43.562.970,78
Staff expenses
EUR 15.613.814,18
Total depreciation
EUR 1.640.604,80
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1.640.604,80
Other operating expenses EUR 20.055.721,01
Operating result from continuing
operations
EUR 6.252.830,79
Interest result (+/-)
EUR -875.442,12
Financial result (+/-)
EUR -875.442,12
Result from ordinary operations (+/-)
EUR 5.377.388,67
Expenses for transfer of profits to a
parent company
EUR 5.377.388,67
Annual surplus / annual deficit
EUR 0,00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2008 - 31.12.2008
ASSETS EUR 58.875.922,05
Fixed assets
EUR 16.077.890,65
Intangible assets
EUR 1.039.011,19
Concessions, licences, rights
EUR 1.039.011,19
Tangible assets
EUR 5.097.398,22
Land / similar rights
EUR 421.863,63
Plant / machinery
EUR 2.144.516,92
Other tangible assets / fixtures and
fittings
EUR 1.185.003,96
Advance payments made / construction
in progress EUR 1.346.013,71
Financial assets
EUR 9.941.481,24
Shares in participations /
subsidiaries and the like
EUR 9.041.481,24
Shares in related companies
EUR 9.041.481,24
Loans to participations /
subsidiaries and the like
EUR 900.000,00
Loans to related companies
EUR 900.000,00
Current assets
EUR 42.798.031,40
Stocks EUR 12.025.508,28
Raw materials, consumables and
supplies
EUR 5.621.347,08
Finished goods / work in progress
EUR 7.226.009,62
Advance payments made EUR 138.857,93
Minus received advance payments for
orders / installments for stocks
EUR -960.706,35
Accounts receivable
EUR 30.583.657,03
Trade debtors
EUR 20.174.504,62
Amounts due from related companies
EUR 10.104.420,78
Other debtors and assets
EUR 304.731,63
Liquid means
EUR 188.866,09
LIABILITIES EUR
58.875.922,05
Shareholders' equity
EUR 16.011.141,05
Capital
EUR 1.050.000,00
Subscribed capital (share capital)
EUR 1.050.000,00
Reserves EUR 14.399.459,88
Capital reserves
EUR 14.399.459,88
Balance sheet profit/loss (+/-)
EUR 561.681,17
Profit / loss brought forward
EUR 561.681,17
Provisions EUR 5.142.971,28
Pension provisions and comparable
provisions
EUR 3.549.758,00
Other / unspecified provisions
EUR 1.593.213,28
Liabilities EUR 37.721.809,72
Financial debts
EUR 15.163.039,26
Liabilities due to banks
EUR 15.163.039,26
Other liabilities
EUR 22.558.770,46
Trade creditors (for IAS incl. bills
of exchange)
EUR 8.634.816,74
Liabililties due to related companiesEUR 12.521.045,87
Unspecified other liabilities
EUR 1.402.907,85
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 100.523.746,53
Inventory change + own costs (+/-)
EUR 2.085.675,41
Inventory change (+/-)
EUR 2.085.675,41
Other operating income
EUR 1.299.920,85
Cost of materials
EUR 62.720.864,96
Gross result (+/-)
EUR 41.188.477,83
Staff expenses
EUR 15.196.254,77
Total depreciation
EUR 1.469.643,50
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1.469.643,50
Other operating expenses
EUR 20.015.144,04
Operating result from continuing
operations
EUR 4.507.435,52
Result from participating interests
(+/-)
EUR 7.120.000,00
Expenses / income from participations EUR 7.120.000,00
Income from related companies
EUR 7.120.000,00
Interest result (+/-)
EUR -1.194.417,34
Financial result (+/-)
EUR 5.925.582,66
Result from ordinary operations (+/-)
EUR 10.433.018,18
Expenses for transfer of profits to a
parent company
EUR 10.433.018,18
Annual surplus / annual deficit
EUR 0,00
MIRA INFORM
REPORT
|
Report Date : |
24.11.2010 |
IDENTIFICATION DETAILS
|
Name : |
VAG-ARMATUREN GMBH |
|
|
|
|
Registered Office : |
Carl-Reuther-Str.
1, 68305 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
22.10.2003 |
|
|
|
|
Com. Reg. No.: |
HRB 9735 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of taps and valves |
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 |
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
s
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 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
VAG-Armaturen GmbH
Carl-Reuther-Str. 1
68305 Mannheim
Post Box: 31 01 04
Telephone: 0621/7490
Telefax: 0621/7491710
Homepage: www.vag-armaturen.com
E-Mail: info@vag-armaturen.com
VAT no.
DE811115114
CONCLUSION
Business relations are permissible.
The company is considered solvent for credits within its scope of
business.
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1961
Shareholders' agree-
ment: 12.11.1961
Registered on: 22.10.2003
Commercial Register: Local
court 68159 MANNHEIM
under: HRB 9735
Share capital:
EUR 1.050.000,00
Shareholder
VAG Holding GmbH
Carl-Reuther-Str. 1
68305 Mannheim
Legal form: Private limited company
Share capital: EUR 100.000,00
Share: EUR 1.050.000,00
Reg. Data: 24.04.2008
HRB 704277
68159 MANNHEIM
Manager
Dipl.-Wirtsch. Ing. Robert Fellner-Feldegg
Ulrich-Kiffhaber-Str. 9
86899 Landsberg
born 24.05.1965
Marital status: married
Proxy
Manfred Schmidt
65558 Hirschberg
authorized to jointly represent the company
born 22.12.1946
Proxy:
Hans-Günter Hieronimus
67821 Alsenz
born 10.08.1955
Proxy:
Bernd Ostendorf
67454 Haßloch
born 03.08.1944
Further functions/participations of Robert
Fellner-Feldegg
(Manager)
Shareholder:
FF Vermögensverwaltungs GmbH
Ulrich-Kiffhaber-Str. 9
86899 Landsberg
Legal form: Private limited company
Share capital: EUR 25.000,00
Share: EUR 25.000,00
Reg. Data: 04.01.2005
HRB 20952
86150 AUGSBURG
Shareholder:
VAG Holding GmbH
Carl-Reuther-Str. 1
68305 Mannheim
Legal form: Private limited company
Share capital: EUR 100.000,00
Share: EUR 10.000,00
Reg. Data: 24.04.2008
HRB 704277
68159 MANNHEIM
Manager:
FF Vermögensverwaltungs GmbH
Ulrich-Kiffhaber-Str. 9
86899 Landsberg
Legal form: Private limited company
Share capital: EUR 25.000,00
Reg. Data: 04.01.2005
HRB 20952
86150 AUGSBURG
Manager:
VAG Holding GmbH
Carl-Reuther-Str. 1
68305 Mannheim
Legal form: Private limited company
Share capital: EUR 100.000,00
Reg. Data: 24.04.2008
HRB 704277
68159 MANNHEIM
BUSINESS HISTORY
1961 IWKA
Industrie- Ausrüstungen- Vertriebs-
GmbH
Gartenstr. 71
76135 Karlsruhe
Private limited company
13.05.1998 IWKA -
Industrieanlagen GmbH -HRB 564-
Gartenstr. 71
76135 Karlsruhe
Private limited company
22.10.2003
VAG-Armaturen GmbH
Carl-Reuther-Str. 1
68305 Mannheim
Private limited company
BUSINESS ACTIVITIES
28140
Manufacture of taps and valves n.e.c.
BRANCHES
AND FACTORIES
Branch:
VAG Armaturen GmbH - Büro -
Wilhelmstr. 17
09117 Chemnitz
FINANCIAL
INFORMATION
Payment experience: within
agreed terms
REAL
ESTATE
Type of ownership: Tenant
Address Carl-Reuther-Str. 1
68305 Mannheim
Land register documents were not available.
BANKERS
LANDESBANK BADEN-WÜRTTEMBERG, MANNHEIM
Sort. code: 67050000
BADEN-WÜRTTEMBERGISCHE BANK, MANNHEIM
Sort. code: 67020020
DEUTSCHE BANK, MANNHEIM
Sort. code: 67070010
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2008 EUR 100.523.747,00
Expected
turnover: 2009 EUR 110.500.000,00
Profit: 2008 EUR 10.433.018,00
Share capital: EUR 1.050.000,00
Employees: 236
-
Salaried employees: 160
-
Workers:
76
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
BALANCE
SHEETS
Type
of balance sheet: Company balance sheet
Financial year end: 31.12.2008
ASSETS
58.875.922,05
Fixed assets
16.077.890,65
Intangible assets 1.039.011,19
Concessions, licences, rights 1.039.011,19
Tangible assets
5.097.398,22
Land / similar rights 421.863,63
Plant / machinery 2.144.516,92
Other tangible assets / fixtures and
fittings
1.185.003,96
Advance payments made / construction in
progress 1.346.013,71
Financial assets 9.941.481,24
Shares in participations / subsidiaries
and the like
9.041.481,24
Shares in related companies 9.041.481,24
Loans to participations / subsidiaries
and the like
900.000,00
Loans to related companies 900.000,00
Current assets 42.798.031,40
Stocks
12.025.508,28
Raw materials, consumables and supplies 5.621.347,08
Finished goods / work in progress 7.226.009,62
Advance payments made 138.857,93
Minus received advance payments for
orders / installments for stocks -960.706,35
Accounts receivable 30.583.657,03
Trade debtors 20.174.504,62
Amounts due from related companies 10.104.420,78
Other debtors and assets 304.731,63
Liquid means
188.866,09
LIABILITIES 58.875.922,05
Shareholders' equity 16.011.141,05
Capital
1.050.000,00
Subscribed capital (share capital) 1.050.000,00
Reserves
14.399.459,88
Capital reserves 14.399.459,88
Balance sheet profit/loss (+/-) 561.681,17
Profit / loss brought forward 561.681,17
Provisions 5.142.971,28
Pension provisions and comparable
provisions
3.549.758,00
Other / unspecified provisions 1.593.213,28
Liabilities
37.721.809,72
Financial debts
15.163.039,26
Liabilities due to banks 15.163.039,26
Other liabilities 22.558.770,46
Trade creditors (for IAS incl. bills of
exchange)
8.634.816,74
Liabililties due to related companies 12.521.045,87
Unspecified other liabilities 1.402.907,85
Profit and loss account (cost-summary
method)
according to Comm. Code (HGB) 0,00
Sales
100.523.746,53
Inventory change + own costs (+/-) 2.085.675,41
Inventory change (+/-) 2.085.675,41
Other operating income 1.299.920,85
Cost of materials 62.720.864,96
Gross result (+/-) 41.188.477,83
Staff expenses 15.196.254,77
Total depreciation 1.469.643,50
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of bus. 1.469.643,50
Other operating expenses 20.015.144,04
Operating result from continuing
operations
4.507.435,52
Result from participating interests
(+/-)
7.120.000,00
Expenses / income from participations
7.120.000,00
Income from related companies 7.120.000,00
Interest result (+/-) -1.194.417,34
Financial result (+/-) 5.925.582,66
Result from ordinary operations (+/-) 10.433.018,18
Expenses for transfer of profits to a
parent company
10.433.018,18
Annual surplus / annual deficit 0,00
The given amounts are EUR values.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.30 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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.