MIRA INFORM
REPORT
|
Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
J. WAGNER GMBH |
|
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Registered Office : |
Otto-Lilienthal-Str. 18, D 88677 Markdorf, Post Box: 11 20, D
88669 Markdorf |
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Country : |
Germany |
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|
|
|
Financials (as on) : |
30.01.2010 |
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|
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Date of Incorporation : |
13.07.2000 |
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|
|
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Com. Reg. No.: |
HRB 581403 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of other general-purpose machinery |
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 |
|
Maximum Credit Limit : |
250,000 EUR |
|
Status : |
Satisfactory |
|
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, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Germany |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name & address
J. Wagner GmbH
Main address:
Otto-Lilienthal-Str. 18
D 88677 Markdorf
Post Box:
11 20, D 88669 Markdorf
Telephone: 07544/5050
Telefax: 07544/505200
Homepage: www.wagner-group.com
E-mail: wagner@wagner-group.com
VAT no.
DE813021567
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 foundat
agreement: 09.06.2000
Registered on: 13.07.2000
Commercial Register: Local court 79098 Freiburg
under: HRB
581403
Share capital: EUR 25,000.00
Shareholder
Wagner International AG
Industriestr. 22
CH 9450 Altstätten
Legal form: Public limited company
Share: EUR 25,000.00
Manager
Thorsten Koch
Gehauweg 15
D 88709 Meersburg
born: 14.03.1964
Marital status: single
Manager:
Hubert Riek
Gravensteinerweg 5 OT Ailingen
D 88048 Friedrichshafen
born: 16.08.1952
Profession: Management expert
Marital status: married
Manager:
Dr. Bruno Niemeyer
D 88094 Oberteuringen
born: 05.11.1960
Proxy
Markus Moßmann
D 88709 Meersburg
authorized to jointly represent the company
born: 17.04.1964
Proxy:
Uwe
Armin Weidauer
D
88090 Immenstaad
authorized to jointly represent the company
born:
10.03.1959
Profession:
Businessman
Marital status: unknown
Proxy:
Otmar
Adolphy
D
88131 Lindau
authorized to jointly represent the company
born:
01.09.1953
Proxy:
Alexander Bartel
D
71636 Ludwigsburg
authorized to jointly represent the company
born:
02.06.1962
Proxy:
Jürgen
Jahn
D 88682 Salem
authorized to jointly represent the company
born:
05.07.1968
Proxy:
August
Aepli
CH Gossau
authorized to jointly represent the company
born:
07.04.1955
Nationality: Swiss
Proxy:
Joachim Schensky
D
88212 Ravensburg
authorized to jointly represent the company
born: 22.10.1957
Proxy:
Marzio
Giardini
I Vimercate
authorized to jointly represent the company
born:
26.06.1963
Nationality: Italian
Proxy:
Christian Glaser
D
88339 Bad Waldsee
authorized to jointly represent the company
born:
01.04.1980
Further functions/participations of
Thorsten Koch (Manager)
Manager:
J.
Wagner Verwaltungs-GmbH
Otto-Lilienthal-Str. 18
D
88677 Markdorf
Legal
form: Private limited company
Share
capital: EUR 6,140,000.00
Registered
on: 08.01.2007
Reg.
data: 79098 Freiburg, HRB 700681
Further functions/participations of Hubert Riek (Manager)
Manager:
WALTHER Spritz- und Lackiersysteme GmbH
Kärntner Str. 18-30
D 42327 Wuppertal
Post Box:
11 06 41
Legal form: Private limited company
Share capital: EUR 974,500.00
Registered
on: 22.10.1987
Reg. data: 42103 Wuppertal,
HRB 6714
Manager:
J. Wagner Verwaltungs-GmbH
Otto-Lilienthal-Str. 18
D 88677 Markdorf
Legal form: Private limited company
Share capital: EUR 6,140,000.00
Registered
on: 08.01.2007
Reg. data: 79098 Freiburg,
HRB 700681
Member of the
Supervisory Board:
Volksbank Friedrichshafen eG
Ailinger Str. 30
D 88046 Friedrichshafen
Legal form: Registered cooperative
Registered
on: 23.05.1921
Reg. data: 89073 Ulm, GnR
630012
BUSINESS ACTIVITIES
Secondary industrial sector
28290 Manufacture of other general-purpose
machinery
46692 Wholesale of other
machinery
PARTICIPATIONS
Shareholder:
WALTHER Spritz- und Lackiersysteme GmbH
Kärntner Str. 18-30
D
42327 Wuppertal
Post
Box:
11 06 41
Legal
form: Private limited company
Company Status: active
Share
capital: EUR 974,500.00
Share: EUR 828,300.00
Reg. data: 22.10.1987
Local court 42103 Wuppertal
HRB 6714
FINANCIAL INFORMATION
Payment experience: cash
discount/within agreed terms
Negative information: We
have no negative information at hand.
Maximum credit: > 250,000 EUR
Balance sheet year: 2009/2010
REAL ESTATE
Type of ownership: Tenant
Address Otto-Lilienthal-Str. 18
D
88677 Markdorf
Type of ownership: Tenant
Address Industriestr. 7
D
67269 Grünstadt
Real Estate of: Thorsten Koch
Type of ownership: unknown
Address Gehauweg 15
D
88709 Meersburg
Land register documents were
not available.
BANKERS
Principal bank
DEUTSCHE BANK, FRIEDRICHSHAFEN
Sort. code: 65070084, BIC: DEUTDESS650
Further banks
BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., RAVENSBURG, WÜRTT
Sort. code: 65050281, BIC: SOLADEST450
SPARKASSE BODENSEE, FRIEDRICHSHAFEN
Sort. code: 69050001, BIC: SOLADES1KNZ
FINANCIAL FIGURES
Turnover: 2008/2009 EUR 107,950,352.00
2009/2010 EUR 80,542,492.00
Profit: 2008/2009 EUR 5,052,776.00
2009/2010 EUR -2,139,273.00
further business figures:
Employees:
332
-
Trainees:
20
BALANCE SHEETS
Balance sheet ratios 01.02.2009 - 31.01.2010
Equity ratio [%]: 24.33
Liquidity ratio: 8.71
Return on total capital [%]: -4.03
Balance sheet ratios 01.02.2008 - 31.01.2009
Equity ratio [%]: 24.34
Liquidity ratio: 2.80
Return on total capital [%]: 8.00
Equity ratio
The equity ratio
indicates the portion of the equity as compared to the total capital. The
higher the equity ratio, the better theeconomic 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 returnon total capital, the more economically does
the company work with the invested capital.
Type of balance
sheet: Company balance sheet
Financial year: 01.02.2009 - 31.01.2010
ASSETS EUR 54,648,896.76
Fixed assets
EUR 20,631,260.22
Intangible assets EUR 2,068,918.87
Tangible assets
EUR 3,562,341.35
Financial assets
EUR 15,000,000.00
Current assets
EUR 33,877,153.54
Stocks
EUR 11,600,749.87
Raw materials, consumables and
supplies
EUR 179,958.58
Finished goods / work in progress
EUR 12,921,426.45
Advance payments made EUR 10,767.45
Minus received advance payments for
orders / installments for stocks
EUR -1,511,402.61
Accounts receivable
EUR 14,542,724.17
Trade debtors
EUR 8,021,637.83
Amounts due from related companies
EUR 4,504,344.93
Amounts due from investee companies
EUR 733,989.88
Other debtors and assets
EUR 1,282,751.53
Liquid means EUR 7,733,679.50
Remaining other assets
EUR 140,483.00
Accruals (assets)
EUR 140,483.00
LIABILITIES EUR 54,648,896.76
Shareholders' equity
EUR 14,502,913.58
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 4,975,000.00
Capital
reserves EUR 4,975,000.00
Balance sheet profit/loss (+/-)
EUR 9,502,913.58
Profit / loss brought forward
EUR 11,642,186.94
Annual surplus / annual deficit
EUR -2,139,273.36
Provisions
EUR 30,806,551.99
Pension provisions and comparable
provisions
EUR 20,435,798.00
Provisions for taxes
EUR 4,804,577.53
Other / unspecified provisions
EUR 5,566,176.46
Liabilities
EUR 9,339,431.19
Other liabilities
EUR 9,339,431.19
Trade creditors (for IAS incl. bills
of exchange) EUR 5,227,732.73
Liabilities from received advance
payments
EUR 1,111,986.57
Liabililties due to related companiesEUR 2,255,316.81
Unspecified other liabilities
EUR 744,395.08
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 80,542,491.56
Inventory change + own costs (+/-)
EUR -4,315,491.01
Inventory change (+/-)
EUR -4,315,491.01
Other operating income
EUR 2,398,610.98
Cost of materials
EUR 38,122,308.21
Raw materials and supplies, purchased
goods EUR 35,331,773.03
Purchased services
EUR 2,790,535.18
Gross result (+/-)
EUR 40,503,303.32
Staff expenses
EUR 22,202,758.07
Wages
and salaries EUR 17,375,937.88
Social security contributions and
expenses for pension plans and
benefits
EUR 4,826,820.19
Total depreciation
EUR 1,731,835.14
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,731,835.14
Other operating expenses
EUR 16,332,808.43
Operating result from continuing
operations
EUR 235,901.68
Result from participating interests
(+/-)
EUR 326,384.70
Expenses / income from participations EUR 326,384.70
Income from transfer of profits
EUR 326,384.70
Interest result (+/-)
EUR 34,156.65
Interest and similar income
EUR 44,105.96
Interest and similar expenses
EUR 9,949.31
Other financial result
EUR -2,547,532.71
Depreciation on financial assets and
marketable securities
EUR 2,547,532.71
Financial result (+/-)
EUR -2,186,991.36
Result from ordinary operations (+/-)
EUR -1,951,089.68
Income tax / refund of income tax (+/-)EUR -135,288.03
Other taxes / refund of taxes
EUR -52,895.65
Tax
(+/-)
EUR -188,183.68
Annual
surplus / annual deficit EUR -2,139,273.36
Type
of balance
sheet: Company balance sheet
Financial year: 01.02.2008 - 31.01.2009
ASSETS EUR 64,434,030.54
Fixed assets
EUR 22,147,550.64
Intangible assets
EUR 2,527,472.19
Other / unspecified intangible assetsEUR 2,527,472.19
Tangible assets
EUR 2,654,045.74
Other / unspecified tangible assets EUR
2,654,045.74
Financial assets
EUR 16,966,032.71
Other / unspecified financial assets EUR 16,966,032.71
Current assets
EUR 41,953,357.40
Stocks
EUR 15,203,757.72
Raw materials, consumables and
supplies
EUR 254,634.37
Finished goods / work in progress
EUR 17,236,917.46
Advance payments made
EUR 37,099.99
Minus received advance payments for
orders / installments for stocks
EUR -2,324,894.10
Accounts receivable
EUR 19,846,362.51
Trade debtors EUR 11,682,082.44
Amounts due from related companies
EUR 6,998,871.98
Other debtors and assets
EUR 1,165,408.09
Liquid means
EUR 6,903,237.17
Remaining other assets
EUR 333,122.50
Accruals (assets)
EUR 333,122.50
LIABILITIES EUR 64,434,030.54
Shareholders' equity
EUR 16,642,186.98
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 4,975,000.00
Capital reserves
EUR 4,975,000.00
Balance sheet profit/loss (+/-)
EUR 11,642,186.98
Profit / loss brought forward
EUR 6,589,410.86
Annual surplus / annual deficit
EUR 5,052,776.12
Provisions
EUR 33,799,465.08
Pension provisions and comparable
provisions
EUR 20,205,076.00
Provisions for taxes
EUR 4,940,295.50
Other / unspecified provisions
EUR 8,654,093.58
Liabilities
EUR 13,992,378.48
Other liabilities
EUR 13,992,378.48
Trade creditors (for IAS incl. bills
of exchange)
EUR 5,839,613.00
Liabilities from received advance
payments
EUR 1,598,294.14
Liabililties due to related companiesEUR 5,644,642.18
Unspecified other liabilities
EUR 909,829.16
Profit and loss account (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 107,950,352.24
Inventory change + own costs (+/-)
EUR 1,734,054.43
Inventory change (+/-)
EUR 1,734,054.43
Other operating income EUR 6,550,254.92
Cost of materials
EUR 59,076,638.56
Raw materials and supplies, purchased
goods
EUR 55,891,006.72
Purchased services
EUR 3,185,631.84
Gross result (+/-)
EUR 57,158,023.03
Staff expenses
EUR 23,864,146.07
Wages and salaries
EUR 19,010,174.41
Social
security contributions and
expenses for pension plans and
benefits
EUR 4,853,971.66
Total depreciation
EUR 1,730,973.06
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,730,973.06
Other operating expenses
EUR 26,110,005.85
Operating result from continuing
operations
EUR 5,452,898.05
Result from participating interests
(+/-)
EUR 1,453,379.36
Expenses / income from participations EUR 1,453,379.36
Income from transfer of profits
EUR 1,453,379.36
Interest result (+/-)
EUR 12,313.85
Interest and similar income
EUR 90,410.22
Interest and similar expenses
EUR 78,096.37
Financial result (+/-)
EUR 1,465,693.21
Result from ordinary operations (+/-)
EUR 6,918,591.26
Income tax / refund of income tax (+/-)EUR -1,750,346.62
Other taxes / refund of taxes
EUR -115,468.52
Tax
(+/-)
EUR -1,865,815.14
Annual surplus / annual deficit EUR 5,052,776.12
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.61 |
|
UK Pound |
1 |
Rs.73.28 |
|
Euro |
1 |
Rs.65.47 |
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 |
|
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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.