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Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
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Name : |
WITTE PUMPS & TECHNOLOGY GMBH |
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Registered Office : |
Esinger Steinweg 44a, D 25436 Uetersen |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.07.2004 |
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Com. Reg. No.: |
HRB 2426 EL |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of other special-purpose machinery |
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No. of Employees : |
03 employees |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 in 2006 and 2007 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 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. 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. 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 energy and 46% of its base-load electrical production.
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Source : CIA |
Witte Pumps & Technology GmbH
Esinger Steinweg 44a
D 25436 Uetersen
Telephone: 04122/9287-0
Telefax:
04122/9287-49
Homepage: www.witte-pumps.de
E-mail:
info@witte-pumps.de
DE814045417
LEGAL FORM Private limited company
Date of foundation: 14.07.2004
Begin of business
activities: 14.07.2004
Shareholders'
agreement: 14.07.2004
Registered on: 29.07.2004
Commercial Register: Local
court 25421 Pinneberg
under: HRB 2426 EL
Share capital:
EUR 200,000.00
Dr. Sven Wieczorek
Herwigredder 80
D 22559 Hamburg
born: 28.01.1966
Share: EUR 200,000.00
Dr. Sven Wieczorek
Herwigredder 80
D 22559 Hamburg
born: 28.01.1966
Profession: Businessman
Marital status: unknown
Further functions/participations of Dr. Sven
Wieczorek (Manager)
Shareholder:
Fienemann
TORPEDO GmbH
Friedrich-List-Str. 9
D 25451
Quickborn
Legal form:
Private limited company
Share
capital: EUR 100,000.00
Share: EUR 100,000.00
Registered
on: 06.12.2011
Reg.
data: 25421 Pinneberg, HRB 9651 PI
Manager:
Fienemann
TORPEDO GmbH
Friedrich-List-Str. 9
D 25451
Quickborn
Legal form:
Private limited company
Share
capital: EUR 100,000.00
Registered
on: 06.12.2011
Reg.
data: 25421 Pinneberg, HRB 9651 PI
05.01.2005 - 21.11.2005 WITTE
PUMPS AND TECHNOLOGY GMBH
Esinger
Steinweg 44a
D 25436
Uetersen
Private
limited company
Main industrial
sector
28990 Manufacture of other
special-purpose machinery n.e.c.
Secondary
industrial sector
46692 Wholesale of other
machinery
Payment experience: within
agreed terms
Negative information: We have
no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Esinger Steinweg 44 a
D
25436 Uetersen
Land register documents were not available.
SPARKASSE
SÜDHOLSTEIN, UETERSEN
Sort. code: 23051030, BIC: NOLADE21SHO
VR BANK PINNEBERG,
UETERSEN
Sort. code: 22191405, BIC: GENODEF1PIN
COMMERZBANK,
UETERSEN
Sort. code: 22141628, BIC: COBADEFF223
Turnover: 2010 EUR 4,800,000.00
2011 EUR 4,860,000.00
further
business figures:
Ac/ts
receivable:
EUR 1,214,460.00
Liabilities: EUR 2,161,631.00
Employees:
39
-
thereof permanent staff: 36
-
Trainees: 3
The aforementioned business figures may partly be estimated information
based on average values in the line of business.
Balance
sheet ratios 01.01.2010 - 31.12.2010
Equity
ratio [%]: 36.71
Liquidity
ratio: 1.27
Return
on total capital [%]: 10.54
Balance
sheet ratios 01.01.2009 - 31.12.2009
Equity
ratio [%]: 26.58
Liquidity
ratio: 0.96
Return
on total capital [%]: 1.10
Balance
sheet ratios 01.01.2008 - 31.12.2008
Equity
ratio [%]: 5.46
Liquidity
ratio: 0.60
Return
on total capital [%]: 2.00
Balance
sheet ratios 01.01.2007 - 31.12.2007
Equity
ratio [%]: 16.00
Liquidity
ratio: 0.63
Return
on total capital [%]: 1.11
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: 01.01.2010 - 31.12.2010
ASSETS EUR 3,009,295.95
Fixed
assets EUR 292,904.46
Intangible assets
EUR 160,505.00
Other / unspecified intangible assetsEUR 160,505.00
Tangible assets
EUR 132,149.46
Other / unspecified tangible assets
EUR 132,149.46
Financial assets
EUR 250.00
Other / unspecified financial assets EUR 250.00
Current assets EUR 2,664,258.19
Stocks
EUR 737,109.94
Accounts receivable
EUR 1,214,460.70
Other debtors and assets
EUR 1,214,460.70
Liquid means
EUR 712,687.55
Remaining other assets EUR 52,133.30
Accruals (assets) EUR 52,133.30
LIABILITIES EUR 3,009,295.95
Shareholders' equity EUR 659,538.43
Capital
EUR 200,000.00
Subscribed capital (share capital)
EUR 200,000.00
Balance sheet profit/loss (+/-)
EUR 459,538.43
Balance sheet profit / loss
EUR 459,538.43
Provisions EUR 188,126.00
Liabilities EUR 2,161,631.52
Other
liabilities EUR 2,161,631.52
Unspecified other liabilities
EUR 2,161,631.52
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 2,934,149.14
Fixed
assets EUR 322,101.00
Intangible assets
EUR 181,835.00
Other / unspecified intangible assetsEUR 181,835.00
Tangible assets
EUR 140,016.00
Other / unspecified tangible assets
EUR 140,016.00
Financial assets
EUR 250.00
Other
/ unspecified financial assets EUR 250.00
Current assets EUR 2,547,835.94
Stocks
EUR 643,306.98
Accounts receivable
EUR 1,825,789.33
Other debtors and assets
EUR 1,825,789.33
Liquid means
EUR 78,739.63
Remaining other assets EUR 64,212.20
Accruals (assets)
EUR 64,212.20
LIABILITIES EUR 2,934,149.14
Shareholders' equity EUR 350,768.78
Capital
EUR 200,000.00
Subscribed capital (share capital)
EUR 200,000.00
Balance sheet profit/loss (+/-)
EUR 150,768.78
Balance sheet profit / loss
EUR 150,768.78
Provisions EUR 100,364.63
Liabilities EUR
2,483,015.73
thereof total due to shareholders
EUR 496,000.00
Other
liabilities EUR 2,483,015.73
Unspecified other liabilities
EUR 2,483,015.73
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.86.97 |
|
Euro |
1 |
Rs.69.43 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.