|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
PUMPENFABRIK
WANGEN GMBH |
|
|
|
|
Registered Office : |
Simoniusstr.
17 D 88239 Wangen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1968 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of pumps and compressors ·
Wholesale
of other equipment and accessories for machinery and technical supplies |
|
|
|
|
No. of Employees |
204 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
PUMPENFABRIK WANGEN GMBH
Company Status: active
Simoniusstr. 17
D 88239 Wangen
Telephone:07522/9970
Telefax: 07522/997199
Homepage: www.wangen.com
E-mail: mail@wangen.com
VAT no.:
DE128959823
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
Shareholder:
PWangen Beteiligungs GmbH
Nördliche Münchner Str.
31
D 82031 Grünwald
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 153,000.00
Registered on: 31.10.2013
Reg. data: 80333 München,
HRB 208179
Shareholder:
fidelis trust GmbH
Nördliche Münchner Str.
25
D 82031 Grünwald
Legal form: Private
limited company
Share capital: EUR 27,900.00
Share: EUR 147,000.00
Registered on: 26.05.2009
Reg. data: 80333 München,
HRB 179531
Manager:
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
Proxy:
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
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 115,193.00
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
Manufacture of pumps and compressors n.e.c.
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: 2012
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, 88045 FRIEDRICHSHAFEN
Sort. code: 65140072, Account no.: 1796069
BIC: COBADEFFXXX, IBAN: DE84651400720179606900
KREISSPARKASSE RAVENSBURG, 88209 RAVENSBURG,
WÜRTT
Sort. code: 65050110, Account no.: 222541
BIC: SOLADES1RVB, IBAN: DE14650501100000222541
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 4541998
BIC: SOLADEST600, IBAN: DE10600501010004541998
LANDESBANK BADEN-WÜRTTEMBERG, 70144 STUTTGART
Sort. code: 60050000
BIC: SOLADESTXXX
Gross profit or loss:2012 EUR 18,187,165.00
Profit: 2012 EUR 1,061,070.00
Ac/ts receivable: EUR
3,984,363.00
Liabilities: EUR 8,624,447.00
Total numbers of vehicles: 19
- Lorries: 1
- Passenger cars: 2
Employees:
204
- thereof permanent staff: 168
- Part-time employees: 6
- Trainees:
27
- Temporary workers: 3
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 35.00
Liquidity ratio: 0.46
Return on total capital [%]: 6.40
Balance sheet grade: 2.5
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 grade: 2.4
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 grade: 2.8
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 grade: 2.9
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: 01.01.2012
- 31.12.2012
ASSETS EUR 16,768,323.05
Fixed assets EUR 7,749,130.73
Intangible assets EUR 368,342.12
Tangible assets EUR 6,346,499.51
Financial assets EUR 1,034,289.10
Other / unspecified
financial assets EUR
1,034,289.10
Current assets EUR 8,999,138.87
Stocks EUR 4,985,998.36
Accounts receivable EUR 3,984,362.76
Liquid means EUR 28,777.75
Remaining other
assets EUR 20,053.45
Accruals (assets) EUR 20,053.45
LIABILITIES EUR 16,768,323.05
Shareholders' equity EUR 5,988,144.37
Capital EUR 300,000.00
Subscribed capital
(share capital) EUR 300,000.00
Reserves EUR 4,000,573.90
Capital reserves EUR 800,000.00
Retained earnings /
revenue reserves EUR
3,200,573.90
Balance sheet profit/loss
(+/-) EUR 1,687,570.47
Balance sheet profit /
loss EUR 1,687,570.47
Provisions EUR 2,155,731.90
Liabilities EUR 8,624,446.78
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 18,187,165.08
Staff expenses EUR 9,576,817.05
Wages and salaries EUR 7,932,327.89
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,644,489.16
Total depreciation EUR 827,145.65
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 827,145.65
Other operating
expenses EUR 6,074,996.91
Operating result from
continuing
operations EUR 1,708,205.47
Result from participating
interests
(+/-) EUR 2,000.00
Expenses / income from
participations EUR 2,000.00
Income from related
companies EUR 2,000.00
Interest result (+/-) EUR -312,935.72
Interest and similar income EUR 5,474.39
Interest and similar
expenses EUR 318,410.11
Other financial
result EUR 49,233.21
Income from securities
and loans from
financial assets EUR
49,233.21
Financial result
(+/-) EUR -261,702.51
Result from ordinary
operations (+/-) EUR 1,446,502.96
Expenses for transfer of
profits to a
parent company EUR 87,600.00
Income tax / refund of
income tax (+/-)EUR -365,874.83
Other taxes / refund of
taxes EUR -19,558.42
Tax (+/-) EUR -385,433.25
Annual surplus / annual
deficit EUR 973,469.71
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
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.