MIRA INFORM REPORT

 

 

Report Date :

12.05.2012

 

IDENTIFICATION DETAILS

 

Name :

WAGENER & SIMON WASI GMBH & CO. KG

 

 

Registered Office :

Emil-Wagener-Str. 5, D 42289 Wuppertal, Post Box 24 04 20

 

 

Country :

Germany

 

 

Date of Incorporation :

15.01.1961

 

 

Com. Reg. No.:

HRA 14011

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesale of tools and hardware

 

 

No. of Employees :

230

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name

 

Wagener & Simon WASI GmbH & Co. KG

 

 

Company address

 

Emil-Wagener-Str. 5

D 42289 Wuppertal

Post Box: 24 04 20

Telephone:        0202/2632-0

Telefax:             0202/2632-407

Homepage:        www.wasi.de

E-mail:              info@wasi.de

 

 

VAT no     

 

DE146280140

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Date of foundation:         15.01.1961

Registered on:               20.02.1962

Register of

companies:                   Local court 42103 Wuppertal

under:                                       HRA 14011

Total cap. contribution:   EUR         13,547,957.21

 

 

Limited partner

 

Adolf Würth GmbH & Co. KG

Reinhold-Würth-Str. 12-17

D 74653 Künzelsau

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR        251,410,000.00

contribution:

Share:             EUR         13,547,957.21

Registered on: 26.08.1963

Reg. data: 70190 Stuttgart, HRA 590261

General partner

 

Wagener & Simon Beteiligungs GmbH

Emil-Wagener-Str. 1

D 42289 Wuppertal

Legal form: Private limited company

Share capital:     EUR             25,564.59

Registered on: 23.12.1975

Reg. data: 42103 Wuppertal, HRB 4417

 

 

Shareholder

 

Adolf Würth Stiftung

Reinhold-Würth-Str. 12-16

D 74653 Künzelsau

Legal form: Private law foundation

Share:             EUR             25,564.59

 

 

Manager

 

Werner Rau

Galgenberg 18

D 74676 Niedernhall

born: 16.12.1943

Profession: Management expert

Marital status: married

 

Manager:

Dirk Kiele-Dunsche

D 73728 Esslingen

born: 14.04.1976

 

 

Proxy

 

Claus Martin Jarisch

D 42103 Wuppertal

authorized to jointly represent the company

born: 29.06.1958

 

 

COMPANY HISTORY

 

15.01.1961 - 20.02.1962  Die Gründung erfolgte am 15.01.1961

                         D 42289 Wuppertal

                         Other legal form

20.02.1962 - 27.01.1976  Wagener & Simon

                         Sedanstr. 46

                         D 42281 Wuppertal

                         General Partnership

27.01.1976 - 27.01.1976  Wagener & Simon WASI GmbH & Co. KG

                         Erwinstr. 2

                         D 42289 Wuppertal

                         Ltd partnership with priv. ltd. company

                         as general partner

18.12.2002 - 10.2007     Wagener & Simon WASI GmbH & Co. KG

                         Erwinstr. 2

                         D 42289 Wuppertal

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

46741   Wholesale of tools and hardware

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information       We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Emil-Wagener-Str. 5

                                    D 42289 Wuppertal

 

Real Estate of:               Wagener & Simon Beteiligungs GmbH

Type of ownership:         Tenant

Address                        Emil-Wagener-Str. 1

                                    D 42289 Wuppertal

 

Land register documents were not available.

 

BANKERS

 

Principal bank

STADTSPARKASSE WUPPERTAL, WUPPERTAL

Sort. code: 33050000, BIC: WUPSDE33XXX

 

Further banks

COMMERZBANK VORMALS DRESDNER BANK, WUPPERTAL

Sort. code: 33080030, BIC: DRESDEFF332

 

COMMERZBANK, WUPPERTAL

Sort. code: 33040001, BIC: COBADEFF330

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2010               EUR         52,900,000.00

Employees:                                                    230

- Trainees:                                                    10

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.29

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.