|
Report Date : |
21.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
VOLLMER
WERKE MASCHINENFABRIK GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
|
|
|
Registered Office : |
Ehinger Str.
34 D 88400 Biberach |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.01.1909 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of other general-purpose machinery |
|
|
|
|
No. of Employees |
479 |
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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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 |
VOLLMER WERKE MASCHINENFABRIK
GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Company Status: active
Ehinger Str. 34
D 88400 Biberach
Telephone:07351/5710
Telefax: 07351/571108
Homepage: www.vollmer-group.com
E-mail: info-vobi@vollmer.de
VAT no.:
DE144889422
Tax ID number: 54001/00142
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1909
Registered on: 01.01.1909
Commercial Register: Local court 89073 Ulm
under: HRB
640007
Share capital: EUR 10,000,000.00
Shareholder:
Sieglinde Vollmer
Beteiligungs-GmbH
Ehinger Str. 34
D 88400 Biberach
Legal form: Private
limited company
Share capital: EUR 200,000.00
Share: EUR 8,000,000.00
Registered on: 03.05.2012
Reg. data: 89073 Ulm, HRB
727863
Shareholder:
Dr. Christiane Gross
Karlsbader Weg 4
D 65388 Schlangenbad
born: 06.06.1959
Share: EUR 500,000.00
Shareholder:
Prof. Sabine
Gross-Schneider
Stephanstr. 61
D 10559 Berlin
born: 22.01.1961
Share: EUR 500,000.00
Shareholder:
Clea Gross-Matter
Weinbergstr. 82
CH 8006 Zürich
born: 27.02.1962
née: Gross
Share: EUR 500,000.00
Shareholder:
Anne Katrin Gross
Heideweg 9
D 22085 Hamburg
born: 04.06.1965
Share: EUR 500,000.00
Manager:
Dr. Stefan Brand
D 88471 Laupheim
authorized to jointly
represent the company
born: 22.04.1962
Profession: graduate engineer
Marital status: married
President of the Supervisory Board:
Martin Kapp
D 96450 Coburg
born: 29.05.1951
Property regime:
Statutory matrimonial
property regime
Marital status: married
Proxy:
Lothar Reinhardt
Mörikestr. 20
D 72175 Dornhan
authorized to jointly represent the company
born: 29.09.1949
Profession: Businessman
Marital status: married
Proxy:
Wolf Kehrle
Von-Wartenberg-Str. 5
D 88427 Bad Schussenried
authorized to jointly
represent the company
born: 25.06.1950
Proxy:
Axel Karlheinz Gottfried
Wille
D 88400 Biberach
authorized to jointly
represent the company
born: 13.07.1966
Further functions/participations of Dr. Stefan
Brand (Manager)
Manager:
VOLLMER Sport
Verwaltungs-GmbH
Ehinger Str. 34
D 88400 Biberach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 19.08.2004
Reg. data: 89073 Ulm, HRB 641820
Manager:
Sieglinde Vollmer
Beteiligungs-GmbH
Ehinger Str. 34
D 88400 Biberach
Legal form: Private
limited company
Share capital: EUR 200,000.00
Registered
on: 03.05.2012
Reg. data: 89073 Ulm, HRB 727863
Main industrial sector
2829
Manufacture of other general-purpose machinery n.e.c.
Shareholder:
Loroch GmbH
Josef-Loroch-Str. 1
D 69509 Mörlenbach
Legal form: Private limited company
Company Status: active
Share capital: EUR 255,645.94
Share: EUR 255,645.94
Reg. data: 20.01.1983
Local court
64283 Darmstadt
HRB 40394
Shareholder:
SuS Schleiftechnik und
Maschinenhandel GmbH
Ehinger Str. 34
D 88400 Biberach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 30,000.00
Share: EUR 30,000.00
Reg. data: 27.01.2012
Local court
26135 Oldenburg
HRB 206464
Shareholder:
Vollmer Beteiligungs-GmbH
Wilhelmstr. 20-22
D 88400 Biberach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 25,564.59
Reg. data: 03.06.1987
Local court
89073 Ulm
HRB 640714
Shareholder:
VOLLMER Sport
Verwaltungs-GmbH
Ehinger Str. 34
D 88400 Biberach
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR
25,000.00
Reg. data: 19.08.2004
Local court
89073 Ulm
HRB 641820
Payment
experience: cash discount/within agreed terms
Negative information: We have no negative information at hand.
of
the Solvency Rating[NG].
BALANCE SHEET YEAR: 2013
Type of ownership: proprietor
Share: 100.00 %
Address Ehinger Str. 36
D 88400 Biberach
Type of ownership: proprietor
Share: 100.00 %
Address Ehinger Str. 32-34 a
D 88400 Biberach
Type of ownership: proprietor
Share:
100.00 %
Address Wilhelmstr. 20-25
D 88400 Biberach
Type of ownership: proprietor
Share: 100.00 %
Address Bleicherstr. 34
D 88400 Biberach
Type of ownership: proprietor
Share: 100.00 %
Address Ehinger Str. 34
D 88400 Biberach
Land register documents were not available.
COMMERZBANK, 88400 BIBERACH AN DER RIß
Sort. code: 65440087, Account no.: 1306000
BIC: COBADEFFXXX, IBAN: DE56654400870130600000
DEUTSCHE BANK, 89006 ULM, DONAU
Sort. code: 63070088, Account no.: 50048800
BIC: DEUTDESS630, IBAN: DE33630700880050048800
KREISSPARKASSE BIBERACH, 88400 BIBERACH AN DER
RIß
Sort. code: 65450070, Account no.: 12074
BIC: SBCRDE66XXX, IBAN: DE20654500700000012074
BADEN-WÜRTTEMB.BANK/LANDESBANK
BADEN-WÜRTTEMB., 88400 BIBERACH AN
DER RIß
Sort. code: 60050101, Account no.: 4476070
BIC: SOLADEST600, IBAN: DE19600501010004476070
Turnover: 2012 EUR 72,513,060.00
2013 EUR 68,863,333.00
Profit: 2012 EUR 1,229,675.00
2013 EUR 2,896,037.00
further business figures:
Equipment: EUR 1,353,751.00
Ac/ts receivable: EUR 10,601,143.00
Liabilities: EUR 25,743,908.00
Total numbers of
vehicles:
44
- Lorries:
3
- Passenger cars:
41
Employees: 479
- thereof permanent
staff:
436
- Trainees:
43
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 38.12
Liquidity ratio: 0.40
Return on total capital
[%]: 5.23
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 42.00
Liquidity ratio: 0.49
Return on total capital [%]: 2.08
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 41.01
Liquidity ratio: 0.54
Return on total capital
[%]: 4.78
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 38.14
Liquidity ratio: 0.48
Return on total capital
[%]: 0.88
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: 01.01.2013 - 31.12.2013
ASSETS EUR 55,948,778.23
Fixed assets EUR 30,921,047.79
Intangible assets EUR 423,171.83
Concessions, licences,
rights EUR 388,171.83
Advance payments for
intang. assets EUR 35,000.00
Tangible assets EUR 13,259,805.72
Land / similar
rights EUR 11,497,786.20
Plant / machinery EUR 408,268.79
Other tangible assets /
fixtures and
fittings EUR 1,353,750.73
Financial assets EUR 17,238,070.24
Shares in participations
/
subsidiaries and the
like EUR 13,911,242.57
Shares in related
companies EUR 13,847,403.08
Shares in investee
companies EUR 63,839.49
Loans to participations
/
subsidiaries and the
like EUR 3,219,800.00
Loans to related
companies EUR 3,219,800.00
Other loans EUR 107,027.67
Current assets EUR 24,488,092.04
Stocks EUR 13,067,576.05
Raw materials,
consumables and
supplies EUR 5,636,990.09
Finished goods / work in
progress EUR 7,430,585.96
Accounts receivable EUR 10,601,143.22
Trade debtors EUR 4,504,716.26
Amounts due from related
companies EUR 4,478,492.18
Other debtors and
assets EUR 1,617,934.78
Liquid means EUR 819,372.77
Remaining other
assets EUR 539,638.40
Accruals (assets) EUR 377,274.38
Active difference from
asset
offsetting EUR 162,364.02
LIABILITIES EUR 55,948,778.23
Shareholders' equity EUR 21,700,873.12
Capital EUR 10,000,000.00
Subscribed capital
(share capital) EUR 10,000,000.00
Reserves EUR 3,426,428.41
Retained earnings /
revenue reserves EUR
3,426,428.41
Balance sheet profit/loss
(+/-) EUR 8,274,444.71
Profit / loss brought
forward EUR 5,378,407.77
Annual surplus / annual
deficit EUR 2,896,036.94
Provisions EUR 8,407,059.94
Pension provisions and
comparable
provisions EUR 1,474,340.00
Provisions for taxes EUR 74,185.00
Other / unspecified
provisions EUR 6,858,534.94
Liabilities EUR 25,743,908.33
Financial debts EUR 15,802,083.00
Liabilities due to
banks EUR 15,802,083.00
Other liabilities EUR
9,941,825.33
Trade creditors (for IAS
incl. bills
of exchange) EUR 773,634.03
Liabilities from
received advance
payments EUR 610,192.31
Liabililties due to
related companiesEUR
5,159,981.11
Unspecified other
liabilities EUR 3,398,017.88
Other liabilities EUR 96,936.84
Deferrals
(liabilities) EUR 96,936.84
Guarantees and other commitments EUR 3,008,000.00
Other guarantees and
other commitmentsEUR
3,008,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 68,863,333.43
Inventory change + own
costs (+/-) EUR -220,847.07
Inventory change
(+/-) EUR -282,166.09
Capitalised own
costs EUR 61,319.02
Other operating
income EUR 3,626,647.28
Cost of materials EUR 25,524,384.05
Raw materials and
supplies, purchased
goods EUR 24,699,338.80
Purchased services EUR 825,045.25
Gross result (+/-) EUR 46,744,749.59
Staff expenses EUR 29,811,586.40
Wages and salaries EUR 25,042,177.24
Social security
contributions and
expenses for pension
plans and
benefits EUR 4,769,409.16
Total depreciation EUR 1,416,909.09
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 1,416,909.09
Other operating
expenses EUR 12,021,388.22
Operating result from
continuing
operations EUR 3,494,865.88
Result from participating
interests
(+/-) EUR 1,149,965.14
Expenses / income from
participations EUR 1,149,965.14
Income from related
companies EUR 1,149,965.14
Interest result (+/-) EUR -1,137,350.39
Interest and similar
income EUR 209,892.74
thereof from related
companies EUR 1,804.81
Interest and similar
expenses EUR 1,347,243.13
thereof paid to related
companies EUR 56,344.59
Other financial
result EUR -355,586.63
Income from securities
and loans from
financial assets EUR 81,913.37
thereof related companies EUR 81,913.37
Depreciation on financial
assets and
marketable
securities EUR 437,500.00
Financial result
(+/-) EUR -342,971.88
Result from ordinary
operations (+/-) EUR 3,151,894.00
Income tax / refund of
income tax (+/-)EUR -209,871.01
Other taxes / refund of
taxes EUR -45,986.05
Tax (+/-) EUR -255,857.06
Annual surplus / annual
deficit EUR 2,896,036.94
TYPE OF BALANCE SHEET: COMPANY
BALANCE SHEET
FINANCIAL YEAR: 01.01.2012
- 31.12.2012
ASSETS EUR 59,136,432.16
Fixed assets EUR 30,819,426.54
Intangible assets EUR 453,896.23
Concessions, licences,
rights EUR 289,489.23
Advance payments for
intang. assets EUR 164,407.00
Tangible assets EUR 14,533,317.72
Land / similar
rights EUR 12,008,775.52
Plant / machinery EUR 430,237.21
Other tangible assets /
fixtures and
fittings EUR 1,398,643.16
Advance payments made /
construction
in progress EUR 695,661.83
Financial assets EUR 15,832,212.59
Shares in participations
/
subsidiaries and the
like EUR 13,861,242.57
Shares in related
companies EUR 13,797,403.08
Shares in investee
companies EUR 63,839.49
Loans to participations
/
subsidiaries and the
like EUR
1,851,964.42
Loans to related
companies EUR 1,851,964.42
Other loans EUR 119,005.60
Current assets EUR 27,250,823.86
Stocks EUR 12,939,693.72
Raw materials,
consumables and
supplies EUR 5,226,941.67
Finished goods / work in
progress EUR 7,712,752.05
Accounts receivable EUR 11,545,141.42
Trade debtors EUR 3,438,580.72
Amounts due from related
companies EUR 5,876,148.84
Other debtors and
assets EUR 2,230,411.86
Liquid means EUR 2,765,988.72
Remaining other
assets EUR 1,066,181.76
Accruals (assets) EUR 369,777.29
Active difference from
asset
offsetting EUR 696,404.47
LIABILITIES EUR 59,136,432.16
Shareholders' equity EUR 21,104,836.18
Capital EUR 10,000,000.00
Subscribed capital
(share capital) EUR 10,000,000.00
Reserves EUR 3,426,428.41
Retained earnings /
revenue reserves EUR
3,426,428.41
Balance sheet profit/loss
(+/-) EUR 7,678,407.77
Profit / loss brought
forward EUR 6,448,732.75
Annual surplus / annual
deficit EUR 1,229,675.02
Provisions EUR 7,983,009.51
Pension provisions and
comparable
provisions EUR 1,557,650.00
Provisions for taxes EUR 193,865.00
Other / unspecified
provisions EUR 6,231,494.51
Liabilities EUR 29,921,116.09
Financial debts EUR
18,772,521.83
Liabilities due to
banks EUR 18,772,521.83
Other liabilities EUR 11,148,594.26
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,615,596.22
Liabilities from
received advance
payments EUR 1,232,400.08
Liabilities due to
shareholders EUR 3,730,739.67
Liabililties due to
related companiesEUR
3,635,401.66
Unspecified other
liabilities EUR 934,456.63
thereof liabilities
from tax /
financial
authorities EUR 403,659.49
thereof liabilities
from social
security EUR 21,710.77
Other liabilities EUR 127,470.38
Deferrals
(liabilities) EUR 127,470.38
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 72,513,059.54
Inventory change + own
costs (+/-) EUR -1,067,791.06
Inventory change
(+/-) EUR -1,113,220.13
Capitalised own
costs EUR 45,429.07
Other operating
income EUR 3,543,930.24
Cost of materials EUR 28,371,872.19
Raw materials and
supplies, purchased
goods EUR 27,500,219.26
Purchased services EUR 871,652.93
Gross result (+/-) EUR 46,617,326.53
Staff expenses EUR 29,384,813.53
Wages and salaries EUR 24,648,023.99
Social security
contributions and
expenses for pension
plans and
benefits EUR 4,736,789.54
Total depreciation EUR 1,404,430.62
Depreciation on tangible
/ intangible
asssets (incl. start-up and
exp. of
bus. EUR 1,404,430.62
Other operating
expenses EUR 12,374,132.43
Operating result from
continuing
operations EUR 3,453,949.95
Interest result (+/-) EUR -1,237,181.70
Interest and similar
income EUR 243,888.55
Interest and similar
expenses EUR 1,481,070.25
thereof paid to related
companies EUR 119,983.40
Other financial
result EUR -668,471.19
Income from securities
and loans from
financial assets EUR 96,563.16
thereof related
companies EUR 96,563.16
Depreciation on financial
assets and
marketable
securities EUR 765,034.35
Financial result
(+/-) EUR -1,905,652.89
Result from ordinary
operations (+/-) EUR 1,548,297.06
Income tax / refund of
income tax (+/-)EUR -197,257.51
Other taxes / refund of
taxes EUR -121,364.53
Tax (+/-) EUR -318,622.04
Annual surplus / annual
deficit EUR 1,229,675.02
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.66 |
|
|
1 |
Rs.100.80 |
|
Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.