|
Report Date : |
17.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
WISTEMA GMBH |
|
|
|
|
Registered Office : |
Industriestr. 2a, D 69234 Dielheim |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
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Date of Incorporation : |
17.12.1990 |
|
|
|
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Com. Reg. No.: |
HRB 350921 |
|
|
|
|
Legal Form : |
Private Limited
Company |
|
|
|
|
Line of Business : |
Engaged in
Recycling and Disposal of Wastes |
|
|
|
|
No. of Employees : |
39 |
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 |
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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 – September 30, 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 |
WISTEMA GmbH
Industriestr. 2a
D 69234 Dielheim
Telephone: 06222/98200
Telefax: 06222/982020
Homepage: www.wistema.de
E-mail: info@wistema.de
active
DE143309558
LEGAL FORM Private
limited company
Registered
on: 17.12.1990
Commercial
Register: Local court 68159 Mannheim
under: HRB
350921
Share
capital: EUR 200,000.00
Winfried Friedel
Ulmenweg 4
D 69234 Dielheim
born: 22.05.1954
Share: EUR 110,000.00
Shareholder:
Helena Friedel
Ulmenweg 4
D 69234 Dielheim
born: 18.10.1963
Share: EUR 90,000.00
Winfried Friedel
Ulmenweg 4
D 69234 Dielheim
having sole power
of representation
born: 22.05.1954
Profession:
Businessman
Marital status:
married
Manager:
Abdelatif El-Akrouche
D 50169 Kerpen
having sole power of
representation
born: 19.11.1978
Hans-Jürgen
Gaberdiel
Zur Helde 18
D 69168 Wiesloch
Profession:
Businessman
Marital status:
single
Proxy:
Peter Becker
D 69234 Dielheim
born: 30.12.1960
Further functions/participations of Winfried
Friedel (Manager)
General partner:
Winfried Friedel, Manfred
Riegel, Sigurd
Schievelbein, Siegfried
Kath
Werner-von-Siemens-Str. 6
D 68649 Groß-Rohrheim
Legal form: Partnership
under the Civil Code
Shareholder:
Alpha Computer Service
GmbH
Industriestr. 2
D 69234 Dielheim
Legal form: Private
limited company
Share capital: EUR 25,564.59
Share: EUR 23,008.13
Registered
on: 20.08.1998
Reg. data: 68159 Mannheim, HRB 351567
17.09.1990 -
01.12.1995 WISTEMA Chemiehandel und
Recycling GmbH
Ulmenweg 4
D 69234 Dielheim
Private limited
company
07.02.2003 -
05.11.2004 WISTEMA Chemiehandel und
Recycling GmbH
Industriestr. 2a
D 69234 Dielheim
Private limited
company
Engaged in Recycling and Disposal of Wastes
Branch:
WISTEMA GmbH
An der Brennerei 37-45
D 50170 Kerpen
Payment
experience: within agreed terms
Negative
information: We have no negative
information at hand.
Balance sheet
year: 2011
Type of
ownership: proprietor
Share: 100.00 %
Address Industriestr.
2a
D 69234 Dielheim
Land register
documents were not available.
DEUTSCHE BANK,
MANNHEIM
Sort. code:
67070010, Account no.: 051333300, BIC: DEUTDESMXXX
SPARKASSE
HEIDELBERG, HEIDELBERG, NECKAR
Sort. code:
67250020, Account no.: 59906232, BIC: SOLADES1HDB
BADEN-WÜRTTEMBERGISCHE
BANK, HEIDELBERG, NECKAR
Sort. code:
67220020, Account no.: 5313784000, BIC: SOLADEST672
Gross profit or
loss:2012 EUR 11,900,000.00
Equipment: EUR 271,045.00
Ac/ts
receivable:
EUR 6,994,909.00
Liabilities: EUR 4,996,850.00
Total numbers of
vehicles: 6
- Passenger
cars:
6
Employees:
39
- thereof permanent
staff:
29
- Part-time
employees: 7
- Temporary
workers: 3
BALANCE SHEETS
Balance sheet
ratios 01.01.2011 - 31.12.2011
Equity ratio
[%]: 45.96
Liquidity
ratio: 4.43
Return on total capital
[%]: 18.07
Balance sheet
ratios 01.01.2010 - 31.12.2010
Equity ratio
[%]: 41.03
Liquidity
ratio: 1.67
Return on total
capital [%]: 10.16
Balance sheet
ratios 01.01.2009 - 31.12.2009
Equity ratio
[%]: 41.48
Liquidity
ratio: 1.50
Return on total
capital [%]: 6.05
Balance sheet
ratios 01.01.2008 - 31.12.2008
Equity ratio
[%]: 45.04
Liquidity
ratio: 1.55
Return on total
capital [%]: 16.88
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: 01.01.2011 - 31.12.2011
ASSETS EUR 14,273,289.10
Fixed assets EUR 2,266,571.05
Intangible assets EUR 12,607.00
Other / unspecified intangible
assetsEUR 12,607.00
Tangible assets EUR 2,232,760.96
Land / similar rights EUR 1,961,715.96
Other tangible assets / fixtures and
fittings EUR 271,045.00
Financial assets EUR 21,203.09
Shares in participations /
subsidiaries and the like EUR 21,203.09
Shares in related companies EUR 21,203.09
Current assets EUR 11,993,319.00
Stocks EUR 1,580,905.48
Accounts receivable EUR 6,994,908.58
Amounts due from related companies EUR 12,756.57
Other debtors and assets EUR 6,982,152.01
Liquid means EUR 3,417,504.94
Remaining other assets EUR 13,399.05
Accruals (assets) EUR 13,399.05
LIABILITIES EUR 14,273,289.10
Shareholders' equity EUR 6,562,820.71
Capital EUR 200,000.00
Subscribed capital (share capital) EUR
200,000.00
Reserves EUR 800,000.00
Retained earnings / revenue reserves
EUR 800,000.00
Balance sheet profit/loss (+/-) EUR 5,562,820.71
Profit / loss brought forward EUR
2,984,709.54
Annual surplus / annual deficit EUR 2,578,111.17
Provisions EUR 2,713,618.45
Liabilities EUR 4,996,849.94
Financial debts EUR
108,333.49
Liabilities due to banks EUR 108,333.49
Other liabilities EUR 4,888,516.45
Liabililties due to related
companiesEUR 53,125.00
Unspecified other liabilities EUR 4,835,391.45
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 11,920,087.82
Staff expenses EUR 2,795,501.27
Wages and salaries EUR 2,335,873.65
Social security contributions and
expenses for pension plans and
benefits EUR 459,627.62
Total depreciation EUR 136,511.15
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 136,511.15
Other operating expenses EUR 5,718,694.51
Operating result from continuing
operations EUR 3,269,380.89
Result from participating interests
(+/-) EUR 57,995.53
Expenses / income from participations
EUR 57,995.53
Income from related companies EUR 57,995.53
Interest result (+/-) EUR 30,740.05
Interest and similar income EUR 55,351.50
thereof from related companies EUR 425.71
Interest and similar expenses EUR 24,611.45
Financial result (+/-) EUR 88,735.58
Result from ordinary operations (+/-) EUR
3,358,116.47
Income tax / refund of income tax
(+/-)EUR -774,603.89
Other taxes / refund of taxes EUR -5,401.41
Tax (+/-) EUR -780,005.30
Annual surplus / annual deficit EUR 2,578,111.17
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 11,524,132.21
Fixed assets EUR 2,390,264.10
Intangible assets EUR 19,630.00
Other / unspecified intangible
assetsEUR 19,630.00
Tangible assets EUR 1,945,645.46
Land / similar rights EUR 1,680,358.96
Other tangible assets / fixtures and
fittings EUR 265,286.50
Financial assets EUR 424,988.64
Shares in participations /
subsidiaries and the like EUR 424,988.64
Shares in related companies EUR 21,203.09
Shares in investee companies EUR 403,785.55
Current assets EUR 9,117,134.11
Stocks EUR 2,120,118.46
Accounts receivable EUR 5,545,289.08
Amounts due from related companies EUR 12,330.86
Amounts due from investee companies EUR 59,688.80
Other debtors and assets EUR 5,473,269.42
Liquid means EUR 1,451,726.57
Remaining other assets EUR 16,734.00
Accruals (assets) EUR 16,734.00
LIABILITIES EUR 11,524,132.21
Shareholders' equity EUR 4,734,709.54
Capital EUR 200,000.00
Subscribed capital (share capital) EUR 200,000.00
Reserves EUR 800,000.00
Retained earnings / revenue reserves
EUR 800,000.00
Balance sheet profit/loss (+/-) EUR 3,734,709.54
Profit / loss brought forward EUR 2,564,723.76
Annual surplus / annual deficit EUR 1,169,985.78
Provisions EUR 2,011,316.14
Liabilities EUR 4,778,106.53
Financial debts EUR 456,297.49
Liabilities due to banks EUR 456,297.49
Other liabilities EUR 4,321,809.04
Liabililties due to related
companiesEUR 30,000.00
Unspecified other liabilities EUR 4,291,809.04
PROFIT AND LOSS
ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 9,461,202.74
Staff expenses EUR 2,290,753.13
Wages and salaries EUR 1,914,921.15
Social security contributions and
expenses for pension plans and
benefits EUR 375,831.98
Total depreciation EUR 124,218.94
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 124,218.94
Other operating expenses EUR 5,303,529.64
Operating result from continuing
operations EUR 1,742,701.03
Result from participating interests
(+/-) EUR 67,791.33
Expenses / income from participations
EUR 67,791.33
Income from related companies EUR 67,791.33
Interest result (+/-) EUR -5,841.20
Interest and similar income EUR 14,041.46
thereof from related companies EUR 85.69
Interest and similar expenses EUR 19,882.66
Financial result (+/-) EUR 61,950.13
Result from ordinary operations (+/-) EUR
1,804,651.16
Income tax / refund of income tax
(+/-)EUR -615,553.85
Other taxes / refund of taxes EUR -19,111.53
Tax (+/-) EUR -634,665.38
Annual surplus / annual deficit EUR 1,169,985.78
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
UK Pound |
1 |
Rs.100.73 |
|
Euro |
1 |
Rs.83.84 |
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.