|
Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
W + R GMBH |
|
|
|
|
Registered Office : |
Carl-Zeiss-Str. 5, D 72555 Metzingen, Post Box 15 52, D 72545 Metzingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Year of Establishments: |
1988 |
|
|
|
|
Com. Reg. No.: |
HRB 361185 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacturer of workwear |
|
|
|
|
No. of Employees : |
38 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
W + R GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Post Box:
15 52, D 72545 Metzingen
Telephone: 07123/9674-0
Telefax: 07123/9674-44
Homepage: www.handschutz.biz
E-mail: info@wr24.de
active
DE197560388
89078/14157
LEGAL FORM Private limited company
Date of foundation: 1988
Shareholders'
agreement: 19.08.1988
Registered on: 15.09.1999
Commercial Register: Local court 70190 Stuttgart
under: HRB 361185
Share capital: EUR 500,000.00
Weiblen & Rümmelin GmbH & Co.KG
Carl-Zeiss-Str. 5
D 72555 Metzingen
Post Box:
1138
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 255,645.94
contribution:
Share: EUR 500,000.00
Registered on: 17.03.1939
Reg. data: 70190 Stuttgart, HRA 360429
Hannes Jakob Junger
Gaußweg 5
D 72555 Metzingen
having sole power of representation
born: 02.03.1970
Profession: Management expert
Marital status: single
Frank Ziegler
D 72760 Reutlingen
authorized to jointly represent the company
born: 11.12.1959
Proxy:
Marita Edelmann-Junger
D 72555 Metzingen
authorized to jointly represent the company
born: 24.03.1967
née: Edelmann
Further functions/participations of Hannes
Jakob Junger (Manager)
Limited partner:
Weiblen & Rümmelin GmbH & Co.KG
Carl-Zeiss-Str. 5
D 72555 Metzingen
Post Box:
1138
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 255,645.94
contribution:
Share: EUR 189,178.00
Registered
on: 17.03.1939
Reg. data: 70190 Stuttgart, HRA 360429
Limited partner:
Weiblen & Rümmelin Vermietungen GmbH & Co.
KG
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 03.12.2008
Reg. data: 70190 Stuttgart, HRA 723470
Shareholder:
Junger Verwaltungs GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private limited company
Share capital: EUR 30,700.00
Share: EUR 30,700.00
Registered
on: 15.07.1985
Reg. data: 70190 Stuttgart, HRB 360631
Shareholder:
W + R The Glove Factory GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 27.05.2009
Reg. data: 70190 Stuttgart, HRB 730035
Manager:
Junger Verwaltungs GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private limited company
Share capital: EUR 30,700.00
Registered
on: 15.07.1985
Reg. data: 70190 Stuttgart, HRB 360631
Manager:
W+R Seiz Gloves GmbH
Neuhauser Str. 63
D 72555 Metzingen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 27.07.2005
Reg. data: 70190 Stuttgart, HRB 361456
Manager:
W + R The Glove Factory GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 27.05.2009
Reg. data: 70190 Stuttgart, HRB 730035
Manager:
WR Beteiligungen GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private limited company
Share capital: EUR 100,000.00
Registered
on: 25.02.2011
Reg. data: 70190 Stuttgart, HRB 736763
Proxy:
Weiblen & Rümmelin GmbH & Co.KG
Carl-Zeiss-Str. 5
D 72555 Metzingen
Post Box:
1138
Legal form: Ltd partnership with priv. ltd.
company as general partner
Total cap. EUR 255,645.94
contribution:
Registered
on: 17.03.1939
Reg. data: 70190 Stuttgart, HRA 360429
Liquidator:
SWR Schwenkel GmbH
Neuhauser Str. 63
D 72555 Metzingen
Legal form: Private limited company
dissolved
Share capital: EUR 125,000.00
Registered
on: 01.07.1998
Reg. data: 70190 Stuttgart, HRB 361119
1988 - 19.12.2000 W + R Recycling GmbH
Stuttgarter Str. 54
D 72555 Metzingen
Private limited company
09.11.2006 - 31.01.2008 W + R GmbH
Stuttgarter Str. 54
D 72555 Metzingen
Private limited company
Sectors
1412 Manufacture of workwear
Shareholder:
W+R Seiz Gloves GmbH
Neuhauser Str. 63
D 72555 Metzingen
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 27.07.2005
Local court 70190 Stuttgart
HRB 361456
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010/2011
Type of ownership: Tenant
Address Carl-Zeiss-Str. 5
D 72555 Metzingen
Land register documents were not available.
Principal bank
KREISSPARKASSE REUTLINGEN, REUTLINGEN
Sort. code: 64050000, Account no.: 907237, BIC: SOLADES1REU
Further bank
VOLKSBANK METZINGEN-BAD URACH, METZINGEN, WÜRTT
Sort. code: 64091200, Account no.: 208581005, BIC: GENODES1MTZ
Turnover: 2010/2011 EUR 6,300,000.00
2011/2012 EUR 6,300,000.00
Profit: 2010/2011 EUR 266,986.00
further business
figures:
Equipment: EUR 380,000.00
Ac/ts receivable: EUR 2,662,664.00
Liabilities: EUR 3,267,525.00
Total numbers of
vehicles:
6
- Lorries:
1
- Passenger
cars:
5
Employees:
38
- thereof permanent
staff:
38
The aforementioned business figures may partly be estimated information based on average values in the line of business.
Balance sheet ratios
01.04.2010 - 31.03.2011
Equity ratio
[%]: 35.17
Liquidity
ratio: 0.82
Return on total
capital [%]: 4.95
Balance sheet ratios
01.04.2009 - 31.03.2010
Equity ratio
[%]: 31.06
Liquidity
ratio: 0.41
Return on total
capital [%]: 3.44
Balance sheet ratios
01.04.2008 - 31.03.2009
Equity ratio
[%]: 42.81
Liquidity ratio: 0.58
Return on total
capital [%]: 3.18
Balance sheet ratios
01.04.2007 - 31.03.2008
Equity ratio
[%]: 49.36
Liquidity
ratio: 0.97
Return on total
capital [%]: 8.34
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:
01.04.2010 - 31.03.2011
ASSETS EUR 5,399,071.63
Fixed assets EUR 253,369.24
Intangible assets EUR 6,648.00
Other / unspecified
intangible assetsEUR
6,648.00
Tangible assets EUR 195,817.00
Other / unspecified
tangible assets EUR 195,817.00
Financial assets EUR 50,904.24
Other / unspecified
financial assets EUR 50,904.24
Current assets EUR 5,117,430.42
Stocks EUR 2,453,304.43
Accounts receivable EUR 2,662,663.52
Other debtors and
assets EUR 2,662,663.52
Liquid means EUR 1,462.47
Remaining other
assets EUR 28,271.97
Accruals (assets) EUR 28,271.97
LIABILITIES EUR 5,399,071.63
Shareholders' equity EUR 1,900,943.26
Capital EUR 25,600.00
Subscribed capital
(share capital) EUR 25,600.00
Balance sheet
profit/loss (+/-) EUR
1,875,343.26
Profit / loss brought
forward EUR 1,608,357.41
Annual surplus / annual
deficit EUR 266,985.85
Provisions EUR 230,603.00
Liabilities EUR 3,267,525.37
Other liabilities EUR 3,267,525.37
Unspecified other
liabilities EUR 3,267,525.37
Type of balance
sheet:
Company balance sheet
Financial year: 01.04.2009
- 31.03.2010
ASSETS EUR 4,441,942.81
Fixed assets EUR 266,800.24
Intangible assets EUR 2,725.00
Other / unspecified
intangible assetsEUR
2,725.00
Tangible assets EUR 213,171.00
Other / unspecified
tangible assets EUR 213,171.00
Financial assets EUR 50,904.24
Other / unspecified financial
assets EUR 50,904.24
Current assets EUR 4,149,550.18
Stocks EUR 2,509,086.94
Accounts receivable EUR 1,639,064.11
Other debtors and
assets EUR 1,639,064.11
Liquid means EUR 1,399.13
Remaining other
assets EUR 25,592.39
Accruals (assets) EUR 25,592.39
LIABILITIES EUR 4,441,942.81
Shareholders' equity EUR 1,783,957.41
Capital EUR 25,600.00
Subscribed capital
(share capital) EUR 25,600.00
Balance sheet
profit/loss (+/-) EUR 1,758,357.41
Profit / loss brought
forward EUR 1,625,603.68
Annual surplus / annual
deficit EUR 132,753.73
Provisions EUR 95,402.00
Liabilities EUR 2,562,583.40
Other liabilities EUR 2,562,583.40
Unspecified other
liabilities EUR 2,562,583.40
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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.