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Report Date : |
26.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
WAGENER & SIMON WASI GMBH & CO. KG |
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|
|
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Registered Office : |
Emil-Wagener-Str. 5, D 42289 Wuppertal, Post Box 24 04 20 |
|
|
|
|
Country : |
Germany |
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|
|
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Date of Incorporation : |
15.01.1961 |
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|
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Com. Reg. No.: |
HRA 14011 |
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|
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Wholesaler of tools and hardware |
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No. of Employees : |
265 |
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 |
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|
|
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Payment Behaviour : |
No Complaints |
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|
|
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 6.5% in 2012. GDP contracted 5.1% in 2009 but grew
by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a
reflection of low investment spending due to crisis-induced uncertainty and the
decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. 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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
|
Source : CIA |
Wagener & Simon WASI GmbH
& Co. KG
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
DE146280140
active
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
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 251,500,000.00
contribution:
Share: EUR 13,547,957.21
Registered on: 26.08.1963
Reg. data: 70190 Stuttgart, HRA 590261
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 251,500,000.00
contribution:
Registered on: 26.08.1963
Reg. data: 70190 Stuttgart, HRA 590261
General partner:
Würth -Verwaltungsgesellschaft mbH
Reinhold-Würth-Str. 12-17
D 74653 Künzelsau
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered on: 21.11.1972
Reg. data: 70190 Stuttgart, HRB 590135
Bettina Würth Familienstiftung
D 79098 Freiburg
Legal form: Private law foundation
Share: EUR 62,875,000.00
Limited partner:
Carmen Würth-Familienstiftung
D 74676 Niedernhall
Legal form: Private law foundation
Share: EUR 62,875,000.00
Limited partner:
Markus Würth Familienstiftung
D 76228 Karlsruhe
Legal form: Private law foundation
Share: EUR 62,875,000.00
Limited partner:
Marion Würth Familienstiftung
D 72760 Reutlingen
Legal form: Private law foundation
Share: EUR 62,875,000.00
Reg. data: 70190 Stuttgart,
Ursula Küblbeck
Sternwiesen 54
D 74653 Künzelsau
authorized to jointly represent the company
born: 03.09.1948
Profession: Businessman
Marital status: married
Proxy:
Dieter Gräter
Sternwiesen 24
D 74653 Künzelsau
authorized to jointly represent the company
born: 05.10.1950
Profession: Businessman
Proxy:
Siegfried Humm
D 74214 Schöntal
authorized to jointly represent the company
born: 03.05.1954
Proxy:
Sylvia C. Weber
D 74523 Schwäbisch Hall
authorized to jointly represent the company
born: 06.02.1961
née: Schreiber
Profession: Businessman
Marital status: married
Proxy:
Jörg Becker
D 74523 Schwäbisch Hall
authorized to jointly represent the company
born: 30.12.1964
Proxy:
Dr. Beate Elsen-Schwedler
D 74542 Braunsbach
authorized to jointly represent the company
born: 15.04.1961
Proxy:
Torsten Elias
D 32457 Porta Westfalica
authorized to jointly represent the company
born: 14.09.1965
Proxy:
Jürgen Häckel
D 74635 Kupferzell
authorized to jointly represent the company
born: 10.04.1957
Proxy:
Marco Candido
D 74532 Ilshofen
authorized to jointly represent the company
born: 18.10.1972
Proxy:
Rainer Brandtner
D 74523 Schwäbisch Hall
authorized to jointly represent the company
born: 30.05.1971
Proxy:
Willy Jagd
D 74629 Pfedelbach
authorized to jointly represent the company
Proxy:
Dieter Münch
D 74238 Krautheim
authorized to jointly represent the company
born: 29.12.1955
Proxy:
Markus Schäfer
D 71155 Altdorf
authorized to jointly represent the company
born: 19.08.1969
Proxy:
Richard Wunderlich
D 73571 Göggingen
authorized to jointly represent the company
born: 07.10.1956
Proxy:
Peter Trehkopf
D 97980 Bad Mergentheim
authorized to jointly represent the company
born: 21.03.1967
Proxy:
Dr. Siegfried Beichter
D 68723 Schwetzingen
authorized to jointly represent the company
born: 16.02.1961
Proxy:
Dirk Kiele-Dunsche
D 40210 Düsseldorf
authorized to jointly represent the company
born: 14.04.1976
Proxy:
Claus Martin Jarisch
D 42103 Wuppertal
authorized to jointly represent the company
born: 29.06.1958
Proxy:
Ulrich Steiner
I Bozen
authorized to jointly represent the company
born: 06.02.1965
Nationality: Italian
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
17.06.1998 - 14.02.2013 General partner
Wagener & Simon Beteiligungs GmbH
D 42289 Wuppertal
Main industrial
sector
46741 Wholesale of tools and hardware
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Type of ownership: Tenant
Address Emil-Wagener-Str. 5
D 42289 Wuppertal
Real Estate of: Adolf Würth GmbH & Co. KG
Type of ownership: proprietor
Share: 100.00 %
Address Reinhold-Würth-Str. 12-17
D 74653 Künzelsau
Land register documents were not available.
Principal bank
STADTSPARKASSE WUPPERTAL, WUPPERTAL
Sort. code: 33050000, BIC: WUPSDE33XXX
Further banks
COMMERZBANK, WUPPERTAL
Sort. code: 33040001, BIC: COBADEFF330
COMMERZBANK VORMALS DRESDNER BANK, WUPPERTAL
Sort. code: 33080030, BIC: DRESDEFF332
Financial year: 01.01. - 31.12.
Equipment: EUR 1,320,000.00
Employees:
265
- 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.54.17 |
|
UK Pound |
1 |
Rs.82.99 |
|
Euro |
1 |
Rs.70.62 |
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.