|
Report Date : |
07.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
PUMPENFABRIK WANGEN GMBH |
|
|
|
|
Registered Office : |
Simoniusstr. 17, D 88239 Wangen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishments: |
1968 |
|
|
|
|
Com. Reg. No.: |
HRB 620706 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacturer
of progressing cavity pumps, twin screw
pumps and
compressors |
|
|
|
|
No. of Employees : |
160 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
TATUS |
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
Pumpenfabrik Wangen GmbH
Simoniusstr. 17
D 88239 Wangen
Telephone: 07522/9970
Telefax: 07522/997199
Homepage: www.wangen.com
E-mail: mail@wangen.com
DE128959823
active
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1968
Shareholders'
agreement: 01.12.1977
Registered on: 22.09.1995
Commercial Register: Local
court 89073 Ulm
under: HRB 620706
Share capital:
EUR 300,000.00
fidelis trust GmbH
Nördliche Münchner Str. 25
D 82031 Grünwald
Legal form: Private limited company
Share capital: EUR 27,900.00
Share: EUR 255,000.00
Registered on: 26.05.2009
Reg. data: 80333 München, HRB 179531
Shareholder:
P.i.D Priester im Dienst an Katholischen
Integrierten Gemeinden e.V.
Zeller Weg 27
D 82057 Icking
Legal form: Registered association
Share: EUR 45,000.00
Registered on: 27.04.2011
Reg. data: 80333 München, VR 203574
Hans-Milovan Halhuber
Gabriel-von-Seidl-Str. 60
D 82031 Grünwald
having sole power of representation
born: 16.04.1960
Profession: Solicitor
Marital status: married
Manager:
Dr. Nico Brunner
D 82031 Grünwald
born: 02.05.1960
Jürgen Demke
D 88239 Wangen
authorized to jointly represent the company
born: 18.04.1960
Proxy:
Helge Kopczak
D 88239 Wangen
authorized to jointly represent the company
born: 12.09.1971
Further
functions/participations of Hans-Milovan Halhuber
(Manager)
Shareholder:
MAXX ware computer concepts GmbH
Gabriel-von-Seidl-Str. 60
D 82031 Grünwald
Legal form: Private limited company in
liquidation
Share capital: EUR 25,564.60
Share: EUR 19,173.45
Registered
on: 04.08.1997
Reg. data: 80333 München,
HRB 117320
Shareholder:
Conmit Invest GmbH
Nördliche Münchner Str. 31
D 82031 Grünwald
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 11,250.00
Registered
on: 24.08.2004
Reg. data: 80333 München,
HRB 153666
Manager:
FAZIT Gesellschaft für Projektentwicklung
sozialer Dienste mbH
Nordwestring 131
D 90419 Nürnberg
Legal form: Private limited company
Share capital: EUR 25,564.59
Registered
on: 25.01.2002
Reg. data: 90402 Nürnberg,
HRB 18934
Manager:
Conmit Invest GmbH
Nördliche Münchner Str. 31
D 82031 Grünwald
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 24.08.2004
Reg. data: 80333 München,
HRB 153666
Manager:
PWangen Beteiligungs GmbH
Nördliche Münchner Str. 31
D 82031 Grünwald
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 31.10.2013
Reg. data: 80333 München,
HRB 208179
Member of the
Board of Directors:
CONMIT Rechtsanwalts-Aktiengesellschaft
Steuerberatungsgesellschaft
Nördliche Münchner Str. 31
D 82031 Grünwald
Legal form: Public limited company
Share capital: EUR 50,000.00
Registered
on: 04.05.2009
Reg. data: 80333 München,
HRB 179120
Member of the
Supervisory Board:
Blackfield AG
Gottfried-Hagen-Str. 60-62
D 51105 Köln
Legal form: Public limited company
Share capital: EUR 80,000.00
Registered
on: 01.08.2012
Reg. data: 50939 Köln, HRB
76108
Member of the
Supervisory Board:
ProPharm AG
Werderstr. 3
D 88348 Bad Saulgau
Legal form: Public limited company
Share capital: EUR 609,375.00
Registered
on: 06.08.2012
Reg. data: 89073 Ulm, HRB
728182
Liquidator:
MAXX ware computer concepts GmbH
Gabriel-von-Seidl-Str. 60
D 82031 Grünwald
Legal form: Private limited company in
liquidation
Share capital: EUR 25,564.60
Registered
on: 04.08.1997
Reg. data: 80333 München,
HRB 117320
Further
functions/participations of Dr. Nico Brunner (Manager)
Shareholder:
kitz consult GmbH
Perlacher Str. 28
D
82031 Grünwald
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 05.08.2010
Reg.
data: 80333 München, HRB 187143
Manager:
kitz
consult GmbH
Perlacher
Str. 28
D
82031 Grünwald
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 05.08.2010
Reg.
data: 80333 München, HRB 187143
Manager:
PWangen Beteiligungs GmbH
Nördliche Münchner Str. 31
D
82031 Grünwald
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 31.10.2013
Reg.
data: 80333 München, HRB 208179
01.12.1977 -
22.09.1995 Pumpenfabrik Wangen GmbH
Ampertal 8
D
85777 Fahrenzhausen
Private limited company
07.02.2012 - 01.08.2013 Manager
Jochen Kuhn
D
83329 Waging
14.03.2008 -
12.07.2011 Manager
Peter-David Casademont
D
82515 Wolfratshausen
Main industrial
sector
28130 Manufacturer of progressing
cavity pumps, twin screw pumps and compressors
28990 Manufacture of other
special-purpose machinery n.e.c.
46693 Wholesale of other equipment
and accessories for machinery and technical supplies
Limited partner:
Geoid
Grundstücksverwaltungsgesellschaft mbH
&
Co. Vermietungs KG
Wilhelm-Theodor-Römheld-Str.
30
D
55130 Mainz
Legal
form: Ltd partnership with priv. ltd.
company as general partner
Company Status: active
Total cap. EUR 9,400.00
contribution:
Share: EUR 9,400.00
Reg.
data: 06.10.2004
Local court 55116 Mainz
HRA 4359
Payment experience: takes
advantage of cash discount
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: proprietor
Share: 100.00 %
Address Simoniusstr. 28
D 88239 Wangen
Type of ownership: Tenant
Address Simoniusstr. 17
D 88239 Wangen
Type of ownership: proprietor
Share: 100.00 %
Address Pettermandstr. 33
D
88239 Wangen
Real Estate of: Hans-Milovan Halhuber
Type of ownership: Tenant
Address Wallbergstr.3
D
82031 Grünwald
Land register documents
were not available.
COMMERZBANK, FRIEDRICHSHAFEN
Sort. code: 65140072, Account no.: 1796069, BIC: COBADEFF651
KREISSPARKASSE RAVENSBURG, RAVENSBURG, WÜRTT
Sort. code: 65050110, Account no.: 222541, BIC: SOLADES1RVB
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK,
STUTTGART
Sort. code: 60050101, Account no.: 4541998, BIC: SOLADEST600
LANDESBANK BADEN-WÜRTTEMBERG, STUTTGART
Sort. code: 60050000, BIC: SOLADESTXXX
Gross profit or loss:2011 EUR 17,929,223.00
Profit: 2011 EUR 1,879,180.00
Equipment: *EUR 1,050,000.00
Ac/ts receivable: EUR 3,003,674.00
Liabilities: EUR 8,090,340.00
Total numbers of vehicles: 19
-
Lorries:
1
- Passenger
cars:
2
Employees:
160
-
thereof permanent staff: 139
-
Trainees: 20
-
Temporary workers: 1
The business figures marked
with an asterisk are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 32.77
Liquidity ratio: 0.38
Return on total capital [%]: 11.85
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 25.95
Liquidity ratio: 0.33
Return on total capital [%]: 9.06
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 25.80
Liquidity ratio: 0.40
Return on total capital [%]: 6.42
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 23.26
Liquidity ratio: 0.50
Return on total capital [%]: 10.11
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: 01.01.2011 - 31.12.2011
ASSETS EUR 16,032,751.38
Fixed assets
EUR 7,171,378.18
Intangible assets
EUR 359,486.50
Other / unspecified intangible assetsEUR 359,486.50
Tangible assets
EUR 5,850,402.34
Other / unspecified tangible assets
EUR 5,850,402.34
Financial assets
EUR 961,489.34
Other / unspecified financial assets EUR 961,489.34
Current assets
EUR 8,802,598.63
Stocks
EUR 5,691,324.55
Other / unspecified stocks
EUR 5,691,324.55
Accounts receivable
EUR 3,003,673.80
Other debtors and assets
EUR 3,003,673.80
Liquid means
EUR 107,600.28
Remaining other assets
EUR 58,774.57
Accruals (assets)
EUR 58,774.57
LIABILITIES EUR 16,032,751.38
Shareholders' equity
EUR 5,374,674.66
Capital
EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Reserves EUR 3,000,573.90
Capital reserves
EUR 800,000.00
Retained earnings / revenue reserves EUR 2,200,573.90
Balance sheet profit/loss (+/-)
EUR 2,074,100.76
Balance sheet profit / loss EUR 2,074,100.76
Provisions
EUR 2,567,736.80
Other / unspecified provisions
EUR 2,567,736.80
Liabilities
EUR 8,090,339.92
Other liabilities
EUR 8,090,339.92
Unspecified other liabilities
EUR 8,090,339.92
thereof liabilities from tax /
financial authorities
EUR 343,916.48
thereof liabilities from social
security
EUR 7,054.11
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 17,929,222.53
Staff
expenses EUR 8,432,372.34
Wages and salaries
EUR 6,982,707.70
Social security contributions and
expenses for pension plans and
benefits
EUR 1,449,664.64
Total depreciation
EUR 708,057.97
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 708,057.97
Other operating expenses EUR 5,964,038.35
Operating result from continuing
operations
EUR 2,824,753.87
Result from participating interests
(+/-)
EUR 1,000.00
Expenses / income from participations EUR 1,000.00
Income from related companies
EUR 1,000.00
Interest result (+/-)
EUR -250,142.65
Interest and similar income
EUR 14,095.15
Interest and similar expenses
EUR 264,237.80
Other financial result
EUR 27,068.12
Income from securities and loans from
financial assets
EUR 27,068.12
Financial result (+/-)
EUR -222,074.53
Result from ordinary operations (+/-)
EUR 2,602,679.34
Expenses for transfer of profits to a
parent company
EUR 88,130.00
Income
tax / refund of income tax (+/-)EUR
-704,503.90
Other taxes / refund of taxes
EUR -18,995.80
Tax
(+/-)
EUR -723,499.70
Annual surplus / annual deficit
EUR 1,791,049.64
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 14,338,126.50
Fixed assets
EUR 6,846,361.50
Intangible assets EUR 486,850.98
Other / unspecified intangible assetsEUR 486,850.98
Tangible assets
EUR 5,291,111.74
Other / unspecified tangible assets
EUR 5,291,111.74
Financial assets
EUR 1,068,398.78
Other / unspecified financial assets EUR 1,068,398.78
Current assets
EUR 7,389,008.57
Stocks
EUR 4,331,259.31
Accounts receivable
EUR 2,494,823.93
Other debtors and assets
EUR 2,494,823.93
Liquid means
EUR 562,925.33
Remaining other assets EUR 102,756.43
Accruals (assets)
EUR 102,756.43
LIABILITIES EUR 14,338,126.50
Shareholders' equity
EUR 3,900,825.02
Capital EUR 300,000.00
Subscribed capital (share capital)
EUR 300,000.00
Reserves
EUR 2,600,573.90
Capital reserves
EUR 800,000.00
Retained earnings / revenue reserves EUR 1,800,573.90
Balance sheet profit/loss (+/-)
EUR 1,000,251.12
Balance sheet profit / loss
EUR 1,000,251.12
Provisions
EUR 2,328,237.67
Other / unspecified provisions
EUR 2,328,237.67
Liabilities
EUR 8,109,063.81
Other liabilities
EUR 8,109,063.81
Unspecified other liabilities
EUR 8,109,063.81
Guarantees and other commitments
EUR 1,060,000.00
Other guarantees and other commitmentsEUR 1,060,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 14,654,099.05
Staff expenses
EUR 7,177,015.75
Wages and salaries
EUR 5,881,710.42
Social security contributions and
expenses for pension plans and
benefits
EUR 1,295,305.33
Total depreciation
EUR 776,106.05
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 776,106.05
Other operating expenses
EUR 4,498,270.54
Operating result from continuing
operations
EUR 2,202,706.71
Interest result (+/-)
EUR -357,716.41
Interest
and similar income EUR 19,533.69
Interest and similar expenses
EUR 377,250.10
Other financial result
EUR 23,959.33
Income from securities and loans from
financial assets
EUR 23,959.33
Financial result (+/-)
EUR -333,757.08
Result from ordinary operations (+/-)
EUR 1,868,949.63
Extraordinary expenses
EUR 214,717.00
Extraordinary
result (+/-) EUR -214,717.00
Expenses for transfer of profits to a
parent company
EUR 91,600.00
Income tax / refund of income tax (+/-)EUR -564,914.26
Other taxes / refund of taxes
EUR -26,850.65
Tax
(+/-)
EUR -591,764.91
Annual surplus / annual deficit
EUR 970,867.72
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.67 |
|
UK Pound |
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.84.25 |
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.