MIRA INFORM REPORT

 

 

Report Date :

23.11.2012

 

IDENTIFICATION DETAILS

 

Name :

WALLBURG G.m.b.H.

 

 

Registered Office :

Daimlerstrasse 30, Walldorf, 69190

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.01.1991

 

 

Com. Reg. No.:

350565

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

manufacturer of paints, varnishes and similar coatings; manufacture of printing ink; and manufacture of mastics and sealants

 

 

No. of Employees :

20 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – 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.

 

 

Source : CIA

 

Company name & address 

 

WALLBURG G.m.b.H.

Daimlerstrasse 30

Walldorf, 69190

Germany

 

Tel:       +49 (0) 6227 2022

Fax:      +49 (0) 6227 30332

 

 

Synthesis  

 

Employees:                  20

Company Type:             Private Independent

Incorporation Date:         01-Jan-1991     

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                 8.2

 

 

Business Description     

 

WALLBURG G.m.b.H. is primarily engaged in manufacture of paints, varnishes and similar coatings; manufacture of printing ink; and manufacture of mastics and sealants.

 

Industry             

Industry            Chemical Manufacturing

ANZSIC 2006:    1916 - Paint and Coatings Manufacturing

NACE 2002:      2430 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics

NAICS 2002:     3255 - Paint, Coating, and Adhesive Manufacturing

UK SIC 2003:    2430 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics

UK SIC 2007:    2030 - Manufacture of paints, varnishes and similar coatings, printing ink and mastics

US SIC 1987:    2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products

 

           

Key Executives   

 

Name               Title    

Ralf MUller        Managing director         

 

News   

 

Title

Date

BRIEF: Ledford, Bishop post soccer playoff wins
High Point Enterprise (NC) (249 Words)

1-Nov-2012

The people's car is all class
Australian, The (1203 Words)

13-Oct-2012

Panthers look to bounce back from MPC opening loss
High Point Enterprise (NC) (567 Words)

1-Oct-2012

Man pleads guilty in 2007 fatal wreck involving bicyclist
Winston-Salem Journal (NC) (408 Words)

17-Aug-2012

Jeffreys ready for his luck to change
Winston-Salem Journal (NC) (481 Words)

23-Jun-2012

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

Location

Daimlerstrasse 30

Walldorf, 69190

Germany

Tel:       +49 (0) 6227 2022

Fax:      +49 (0) 6227 30332

           

Sales EUR(mil):             NA

Assets EUR(mil):           6.1

Employees:                   20

Fiscal Year End:            31-Dec-2010

Industry:                        Chemical Manufacturing

Incorporation Date:         01-Jan-1991

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     350565

Managing director:         Ralf MUller

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1916     -          Paint and Coatings Manufacturing

6240     -          Financial Asset Investing

333       -          Timber and Hardware Goods Wholesaling

 

NACE 2002 Codes:

2430     -          Manufacture of paints, varnishes and similar coatings, printing ink and mastics

6523     -          Other financial intermediation not elsewhere classified

5153     -          Wholesale of wood, construction materials and sanitary equipment

 

NAICS 2002 Codes:

3255     -          Paint, Coating, and Adhesive Manufacturing

5259     -          Other Investment Pools and Funds

4233     -          Lumber and Other Construction Materials Merchant Wholesalers

 

US SIC 1987:

2851     -          Paints, Varnishes, Lacquers, Enamels, and Allied Products

503       -          Lumber and Other Construction Materials

67         -          Holding and Other Investment Offices

 

UK SIC 2003:

2430     -          Manufacture of paints, varnishes and similar coatings, printing ink and mastics

5153     -          Wholesale of wood, construction materials and sanitary equipment

6523     -          Other financial intermediation not elsewhere classified

 

UK SIC 2007:

2030     -          Manufacture of paints, varnishes and similar coatings, printing ink and mastics

6499     -          Other financial service activities, except insurance and pension funding, n.e.c.

4673     -          Wholesale of wood, construction materials and sanitary equipment

 

Business Description

WALLBURG G.m.b.H. is primarily engaged in manufacture of paints, varnishes and similar coatings; manufacture of printing ink; and manufacture of mastics and sealants.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

6.1

Current Assets:

2.3

 

Total Liabilities:

6.1

 

Issued Capital:

0.0

 

Net Worth:

5.6

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

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Key Corporate Relationships

Bank:

Sparkasse Heidelberg, Volksbank Wiesloch Zw

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Ralf MUller

 

Managing director

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Provisions

0.2

0.4

0.3

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Issued capital

0.0

0.0

0.0

Unavailable reserves

-

0.6

0.4

Profits for the year

7.5

7.3

6.6

Profit brought forward from previous year(s)

6.8

6.8

6.2

Total stockholders equity

7.5

7.3

6.6

Provisions and allowances

0.2

0.4

0.3

Total current liabilities

0.5

0.3

0.2

Total liabilities (including net worth)

8.2

8.6

7.6

Intangibles

0.1

0.2

0.2

Total tangible fixed assets

0.8

1.5

0.5

Total financial assets

4.2

4.5

4.4

Total non-current assets

5.2

6.2

5.1

Net stocks and work in progress

0.8

0.6

0.5

Total receivables

0.3

0.5

0.7

Cash and liquid assets

1.9

1.3

1.2

Total current assets

3.0

2.4

2.5

Prepaid expenses and deferred costs

-

0.0

-

Total assets

8.2

8.6

7.6

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

62.41

78.61

108.56

Acid test ratio

45.04

60.17

84.56

Total liabilities to net worth

0.01%

0.00%

0.00%

Net worth to total assets

0.09%

0.09%

0.09%

Current liabilities to net worth

0.01%

0.00%

0.00%

Current liabilities to stock

0.06%

0.05%

0.04%

Fixed assets to net worth

0.07%

0.09%

0.08%

Net worth

7.5

7.3

6.6

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.16

UK Pound

1

Rs.88.03

Euro

1

Rs.70.86

 

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.