|
Report Date : |
05.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
WEBER & SCHAER GMBH & CO. KG |
|
|
|
|
Registered Office : |
Ferdinandstr.
29, D 20095 Hamburg
|
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.07.1844 |
|
|
|
|
Com. Reg. No.: |
HRA 7589 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd.
company as general partner |
|
|
|
|
Line of Business : |
·
Wholesale of
other intermediate goods ·
Wholesale of
other household goods |
|
|
|
|
No. of Employees : |
58 |
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.
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 |
WEBER & SCHAER GMBH & CO. KG
Company Status: active
Ferdinandstr. 29
D 20095 Hamburg
Post Box:
10 65 03, D 20044 Hamburg
Telephone:040/30902-0
Telefax:
040/30902-298
Homepage: www.weber-schaer.com
E-mail:
info@weber-schaer.com
VAT no.: DE118900849
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1844
Begin of business
activities:
01.07.1844
Registered on: 31.12.1892
Register of
companies: Local
court 20355 Hamburg
under: HRA
7589
Total cap. contribution: EUR 14,000,000.00
Limited
partner:
Bernhard Georg Eduard Weber
D 20095 Hamburg
born: 18.03.1931
Share: EUR 8,128,400.00
Limited
partner:
René Marc Weber
Ohnhorststr. 11
D 22609 Hamburg
born: 31.10.1963
Share: EUR 5,119,800.00
Limited partner:
Gertrud Werdermann
Poßmoorweg 25
D 22301 Hamburg
born: 13.03.1924
née: Weber
Share: EUR 751,800.00
General partner:
Weber Beteiligungs GmbH
Ferdinandstr. 29
D 20095 Hamburg
Legal form: Private
limited company
Share capital: EUR 51,129.19
Registered on: 01.01.1984
Reg. data: 20355 Hamburg,
HRB 33124
Shareholder:
Eduard Weber
Reichskanzlerstr. 21
D 22609 Hamburg
born: 18.03.1921
Share: EUR 30,677.51
Shareholder:
René Marc Weber
Ohnhorststr. 11
D 22609 Hamburg
born: 31.10.1963
Share: EUR 20,451.68
Manager:
Eduard Weber
Reichskanzlerstr. 21
D 22609 Hamburg
born: 18.03.1921
Profession: Businessman
Marital status: married
Manager:
René Marc Weber
Ohnhorststr. 11
D 22609 Hamburg
having sole power of
representation
born: 31.10.1963
Profession: Businessman
Manager:
Thomas Braun
Schwarzer Weg 6a
D 22955 Hoisdorf
having sole power of
representation
born: 18.07.1957
Profession: Businessman
Marital status: married
Proxy:
René Marc Weber
Ohnhorststr. 11
D 22609 Hamburg
born: 31.10.1963
Profession: Businessman
Proxy:
Thomas Braun
Schwarzer Weg 6a
D 22955 Hoisdorf
born: 18.07.1957
Profession: Businessman
Marital status: married
Proxy:
Dirk Hartmann
D 22869 Schenefeld
having sole power of
representation
born: 18.05.1962
Proxy:
Jens-Heinrich Andrews
D 25335 Elmshorn
having sole power of
representation
Proxy:
Bernd Regent
D 25462 Rellingen
having sole power of
representation
Proxy:
Torsten Annen
D 22927 Großhansdorf
having sole power of
representation
born: 15.05.1964
Proxy:
Christian Reuscher
D 29574 Ebstorf
having sole power of
representation
born: 17.12.1968
Proxy:
Martin Rackwitz
D 23552 Lübeck
having sole power of
representation
born: 17.12.1965
Proxy:
Marita Hartwich
D 20095 Hamburg
having sole power of
representation
born: 20.04.1956
Proxy:
Dr. Michael Keßler
D 21614 Buxtehude
born: 14.09.1956
Proxy:
Tobias Boysen
D 20095 Hamburg
having sole power of
representation
born: 04.02.1975
Proxy:
Kathrin Weber
D 20095 Hamburg
having sole power of
representation
born: 08.06.1976
1844 - 31.12.1922 Weber
& Schaer
Ferdinandstr.
29
D 20095 Hamburg
Limited partnership
01.01.1923 - 17.01.1966 Weber
& Schaer
Ferdinandstr. 29
D 20095 Hamburg
General Partnership
18.01.1966 - 08.08.1972 Weber
& Schaer
Ferdinandstr. 29
D 20095 Hamburg
Limited partnership
09.08.1972 - 01.05.1975 Weber
& Schaer
Ferdinandstr. 29
D 20095 Hamburg
General Partnership
02.05.1975 - 29.10.1996 Weber & Schaer
Ferdinandstr. 29
D
20095 Hamburg
Limited partnership
30.10.1996 - 12.01.2004 Weber
& Schaer GmbH & Co.
Ferdinandstr. 29
D 20095 Hamburg
Ltd partnership with priv.
ltd. company
as general partner
Sectors
4649
Wholesale of other household goods
46760
Wholesale of other intermediate goods
Payment experience: within agreed terms
Negative
information: We have no negative information at hand.
Type of ownership: Tenant
Address Ferdinandstr.
29
D 20095 Hamburg
Real Estate of: Weber
Beteiligungs GmbH
Type of ownership: Tenant
Address Ferdinandstr.
29
D 20095 Hamburg
Land register documents were not available.
JOH. BERENBERG, GOSSLER & CO, HAMBURG
Sort. code: 20120000, BIC: BEGODEHHXXX
UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG
Sort. code: 20030000, Account no.: 409656,
BIC: HYVEDEMM300
Turnover: 2011 EUR 293,749,554.00
2012 EUR 239,011,814.00
Profit: 2011 EUR 8,217,606.00
2012 EUR 5,698,568.00
further business figures:
Equipment: EUR 315,184.00
Ac/ts receivable: EUR 26,764,303.00
Liabilities: EUR 43,028,390.00
Employees:
58
- thereof permanent staff: 45
- Part-time employees: 13
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 46.47
Liquidity ratio: 0.66
Return
on total capital [%]: 7.05
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 28.46
Liquidity ratio: 0.51
Return on total capital [%]: 7.53
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 29.75
Liquidity ratio: 0.53
Return on total capital [%]: 4.28
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 53.74
Liquidity ratio: 0.77
Return on total capital [%]: 7.37
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.
Financial year:
01.01.2012 - 31.12.2012
ASSETS EUR 80,832,766.04
Fixed assets
EUR 316,871.37
Intangible assets
EUR 1,687.11
Concessions, licences, rights
EUR 1,687.11
Tangible assets
EUR 315,184.26
Other tangible assets / fixtures and
fittings
EUR 315,184.26
Current assets EUR 80,514,857.22
Stocks
EUR 50,973,812.89
Finished goods / work in progress
EUR 50,958,240.23
Advance payments made
EUR 15,572.66
Accounts receivable
EUR 26,764,303.14
Trade debtors
EUR 23,604,879.66
Other debtors and assets
EUR 3,159,423.48
Liquid means
EUR 2,776,741.19
Remaining other assets
EUR 1,037.45
Accruals (assets)
EUR 1,037.45
LIABILITIES EUR 80,832,766.04
Shareholders' equity
EUR 19,698,568.12
Capital
EUR 14,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 14,000,000.00
Limited partner's capital, fixed
capital, capital account I EUR
14,000,000.00
Balance sheet profit/loss (+/-)
EUR 5,698,568.12
Annual surplus / annual deficit
EUR 5,698,568.12
Items between shareholders' equity and
debt capital
EUR 17,868,337.62
Mezzanine financing
EUR 17,868,337.62
Shareholder loans similar to capital EUR 17,868,337.62
Provisions
EUR 237,470.10
Pension provisions and comparable
provisions EUR 95,971.00
Provisions for taxes
EUR 77,940.10
Other / unspecified provisions
EUR 63,559.00
Liabilities
EUR 43,028,390.20
Financial debts
EUR 26,323,986.42
Liabilities due to banks
EUR 26,323,986.42
Other liabilities
EUR 16,704,403.78
Trade creditors (for IAS incl. bills
of exchange)
EUR 10,267,073.77
Liabilities from received advance
payments
EUR 64,286.89
Unspecified other liabilities
EUR 6,373,043.12
thereof liabilities from tax /
financial authorities
EUR 2,558,000.00
Code (HGB)
Sales
EUR 239,011,814.07
Other operating income
EUR 433,538.06
Cost of materials
EUR 222,681,240.31
Raw materials and supplies, purchased
goods
EUR 222,681,240.31
Gross result (+/-)
EUR 16,764,111.82
Staff expenses
EUR 4,227,108.30
Wages and salaries
EUR 3,635,804.14
Social security contributions and
expenses for pension plans and
benefits EUR 591,304.16
Total depreciation
EUR 460,267.49
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 460,267.49
Other operating expenses
EUR 4,183,778.03
Operating result from continuing
operations
EUR 7,892,958.00
Interest result (+/-)
EUR -962,557.78
Interest and similar income
EUR 1,237.53
Interest and similar expenses
EUR 963,795.31
Financial result (+/-)
EUR -962,557.78
Result from ordinary operations (+/-)
EUR 6,930,400.22
Income tax / refund of income tax (+/-)EUR -1,229,440.10
Other taxes / refund of taxes
EUR -2,392.00
Tax (+/-)
EUR -1,231,832.10
Annual surplus / annual deficit
EUR 5,698,568.12
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 110,805,821.70
Fixed assets
EUR 563,988.93
Intangible assets
EUR 298,929.68
Concessions, licences, rights
EUR 298,929.68
Tangible assets
EUR 265,059.25
Other tangible assets / fixtures and
fittings EUR 265,059.25
Current assets
EUR 110,241,750.96
Stocks
EUR 67,924,268.97
Finished goods / work in progress
EUR 67,924,268.97
Accounts
receivable EUR 40,412,905.08
Amounts due from shareholders
EUR 1,740,936.90
Trade debtors
EUR 36,265,567.46
Other debtors and assets
EUR 2,406,400.72
Liquid means
EUR 1,904,576.91
Remaining other assets
EUR 81.81
Accruals (assets)
EUR 81.81
LIABILITIES EUR 110,805,821.70
Shareholders' equity
EUR 22,217,605.87
Capital
EUR 14,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 14,000,000.00
Balance sheet profit/loss (+/-)
EUR 8,217,605.87
Annual surplus / annual deficit
EUR 8,217,605.87
Items between shareholders' equity and
debt capital
EUR 10,558,564.86
Mezzanine financing
EUR 10,558,564.86
Shareholder loans similar to capital EUR 10,558,564.86
Provisions
EUR 756,162.84
Pension provisions and comparable
provisions EUR 105,203.00
Provisions for taxes
EUR 593,746.30
Other / unspecified provisions
EUR 57,213.54
Liabilities
EUR 77,273,488.13
Financial debts
EUR 56,175,870.87
Liabilities due to banks
EUR 56,175,870.87
Other liabilities
EUR 21,097,617.26
Trade creditors (for IAS incl. bills
of exchange) EUR 14,235,874.79
Liabilities from received advance
payments
EUR 33,617.50
Unspecified other liabilities
EUR 6,828,124.97
thereof liabilities from tax /
financial authorities
EUR 2,906,000.00
thereof liabilities from social
security
EUR 0.00
Code (HGB)
Sales EUR 293,749,553.80
Other operating income
EUR 156,287.49
Cost of materials
EUR 272,819,879.48
Raw materials and supplies, purchased
goods EUR 272,819,879.48
Gross result (+/-)
EUR 21,085,961.81
Staff expenses
EUR 4,092,091.43
Wages and salaries
EUR 3,523,371.42
Social security contributions and
expenses for pension plans and
benefits
EUR 568,720.01
Total depreciation
EUR 462,149.83
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 462,149.83
Other operating expenses
EUR 5,057,085.37
Operating result from continuing
operations
EUR 11,474,635.18
Interest
result (+/-) EUR -1,514,524.51
Interest and similar income
EUR 4,431.69
Interest and similar expenses
EUR 1,518,956.20
Financial result (+/-)
EUR -1,514,524.51
Result from ordinary operations (+/-)
EUR 9,960,110.67
Income tax / refund of income tax (+/-)EUR -1,740,428.80
Other taxes / refund of taxes
EUR -2,076.00
Tax (+/-)
EUR -1,742,504.80
Annual surplus / annual deficit
EUR 8,217,605.87
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.102.18 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.