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Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
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Name : |
WÜRTH INDUSTRIE SERVICE GMBH & CO. KG |
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Registered Office : |
Drillberg D 97980 Bad Mergentheim |
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|
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Country : |
Germany |
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Date of Incorporation : |
02.03.1999 |
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Com. Reg. No.: |
HRA 680768 |
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Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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Line of Business : |
Retail sale of metal and plastic goods |
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No. of Employees : |
1,060 |
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 (31.03.2011) |
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
Würth Industrie Service GmbH & Co. KG
Company Status: active
Drillberg
D 97980 Bad
Mergentheim
Telephone:07931/91-0
Telefax: 07931/91-4000
Homepage:
www.wuerth-industrie.com
E-mail: info@wuerth-industrie.com
DE812676512
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date of foundation: 1999
Registered on: 02.03.1999
Register of
companies: Local court 89073 Ulm
under: HRA 680768
EUR 22,500,000.00
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 251,410,000.00
contribution:
Share: EUR 22,500,000.00
Registered
on: 26.08.1963
Reg. data:
70190 Stuttgart, HRA 590261
General partner:
Würth
Industrie Service Verwaltungs-GmbH
Reinhold-Würth-Str. 12-17
D 74653
Künzelsau
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 02.03.1999
Reg. data:
70190 Stuttgart, HRB 590633
Shareholder:
Adolf Würth
Stiftung
Reinhold-Würth-Str. 12-16
D 74653
Künzelsau
Legal form: Private
law foundation
Share: EUR 25,000.00
Manager:
Rainer
Bürkert
Diebacher Weg
12
D 74653
Ingelfingen
born:
18.04.1966
Manager:
Ralf
Gehringer
D 71717
Beilstein
born:
07.12.1967
Proxy:
Ralf
Lagerbauer
D 97980 Bad
Mergentheim
authorized to
jointly represent the company
born:
21.03.1969
Proxy:
Christian
Schorndorfer
D 74354
Besigheim
authorized to
jointly represent the company
born:
23.09.1973
Proxy:
Stefan Reuss
Landwehr 16
D 74232
Abstatt
authorized to
jointly represent the company
born:
26.04.1974
Proxy:
Martina Heger
D 74679 Weißbach
authorized to
jointly represent the company
born:
13.12.1968
Proxy:
Frank
Freudenberger
D 74842
Billigheim
authorized to
jointly represent the company
born:
16.08.1967
02.03.1999 - 31.12.1999 Würth
Industrie Service GmbH & Co. KG
Reinhold-Würth-Str. 12 - 16
D 74653
Künzelsau
Ltd partnership with priv. ltd.
company
as
general partner
31.08.2001 - 26.03.2003 Würth
Industrie Service GmbH & Co. KG
Drillberg
D 97980
Bad Mergentheim
Ltd partnership with priv. ltd.
company
as
general partner
26.03.2003 - 24.03.2004 Würth
Industrie Service GmbH & Co. KG
Drillberg, Industriepark Würth
D 97980
Bad Mergentheim
Ltd
partnership with priv. ltd. company
as
general partner
Sectors
47521 Retail sale of metal and
plastic goods n.e.c.
Works:
Würth
Industrie Service GmbH & Co. KG
Grenzgrabenstr. 4
D 13053
Berlin
Works:
Würth
Industrie Service GmbH & Co. KG
Potsdamer
Str. 215
D 33719
Bielefeld
Works:
Würth
Industrie Service GmbH & Co. KG
Lierenfelder
Str. 51c
D 40231
Düsseldorf
Works:
Würth
Industrie Service GmbH & Co. KG
Dieselstr. 8
D 74076 Heilbronn
Works:
Würth
Industrie Service GmbH & Co. KG
Fraunhoferstr. 7
D 68309
Mannheim
Works:
Würth
Industrie Service GmbH & Co. KG
Lenkersheimer Str. 14
D 90431
Nürnberg
Works:
Würth
Industrie Service GmbH & Co. KG
Ferdinand-Lassalle-Str. 55
D 72770
Reutlingen
Works:
Würth Industrie
Service GmbH & Co. KG
Hauptstr. 84
D 57074
Siegen
Works:
Würth
Industrie Service GmbH & Co. KG
Kölner Str.
10
D 70376
Stuttgart
Branch:
Würth Industrie Service GmbH
& Co. KG
Gutenbergring
53
D 22848
Norderstedt
TEL.:
040/5343520
FAX.:
040/53435229
Branch:
Würth
Industrie Service GmbH & Co. KG
Ferniestr. 2
D 35440
Linden
TEL.:
06403/609850
FAX.:
06403/6098550
Payment experience: takes
advantage of cash discount
Negative information:We have no negative information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Drillberg,
Industriepark Würth
D 97980 Bad
Mergentheim
Real Estate of: Würth Industrie Service Verwaltungs-GmbH
Type of ownership: Tenant
Address
Reinhold-Würth-Str. 12-17
D 74653
Künzelsau
Land register documents were not available.
Principal bank
DEUTSCHE BANK, HEILBRONN, NECKAR
Sort. code: 62070081, Account no.: 154468, BIC: DEUTDESS620
Financial
year: 01.01. - 31.12.
Turnover: 2011 EUR 325,600,000.00
Equipment: EUR 16,500,000.00
Ac/ts
receivable:
EUR 10,000,000.00
Liabilities: EUR 5,000,000.00
Employees:
1,060
-
Trainees: 94
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.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.