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Report Date : |
15.03.2014 |
IDENTIFICATION DETAILS
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Name : |
HEINZ WALZ GMBH |
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Registered Office : |
Maybachstr. 3, D 72793 Pfullingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1977 |
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Com. Reg. No.: |
HRB 350770 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture
of machinery for processing plastics and rubber ·
Wholesale of machinery
for the textile industry and of sewing and knitting machines |
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|
|
No. of Employees : |
26 |
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 |
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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 – 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 |
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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 |
HEINZ WALZ GMBH
Company Status: active
Maybachstr. 3
D 72793 Pfullingen
Telephone:07121/9298-0
Telefax: 07121/9298-60
Homepage: www.walz-gmbh.de
E-mail: info@walz-gmbh.de
VAT no.: DE146483801
Tax ID number: 78092/70603
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation: 1977
Shareholders'
agreement: 28.01.1977
Registered on: 26.04.1977
Commercial Register: Local court 70190 Stuttgart
under: HRB
350770
Share capital: EUR 260,000.00
Shareholder:
Heinz Walz
Oberhaldenweg 38
D 72793 Pfullingen
born: 17.03.1938
Share: EUR 208,000.00
Shareholder:
Markus Walz
Hirtenwiese 18
D 72805 Lichtenstein
born: 16.11.1966
Share: EUR 52,000.00
Manager:
Heinz Walz
Oberhaldenweg 38
D 72793 Pfullingen
born: 17.03.1938
Profession: Travelling
rep.
Marital status: married
Manager:
Sylvia Walz
D 72793 Pfullingen
having sole power of
representation
born: 28.06.1973
26.04.1977 - 11.02.2009 Heinz
Walz
Textilmaschinen-Handelsgesellschaft
mbH
Maybachstr. 3
D 72793 Pfullingen
Private limited company
Sectors
2896 Manufacture
of machinery for processing plastics and rubber
4614
Agents involved in the sale of machinery, industrial equipment, shipsand
aircraft
46640
Wholesale of machinery for the textile industry and of sewing and
knitting machines
4669
Wholesale of other machinery, equipment and supplies
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Maybachstr.
3
D 72793 Pfullingen
Real Estate of: Heinz
Walz
Type of ownership: part
owner
Share: 50.00 %
Address Oberhaldenweg
38
D 72793 Pfullingen
Type of real estate: Residential building
Value at selling price: EUR 511,000.00
Land register documents were not available.
VOLKSBANK REUTLINGEN FIL. PFULLINGEN, 72793
PFULLINGEN
Sort. code: 64090100, Account no.: 303555009
BIC: VBRTDE6RXXX
SÜDWESTBANK, 72715 REUTLINGEN
Sort. code: 60090700
BIC: SWBSDESSXXX
DEUTSCHE BANK, 72704 REUTLINGEN
Sort. code: 64070085, Account no.: 906446
BIC: DEUTDESS640
COMMERZBANK VORMALS DRESDNER BANK, 72704
REUTLINGEN
Sort. code: 64080014
BIC: DRESDEFF640
Turnover: 2012 *EUR 4,073,500.00
2013
*EUR 4,073,500.00
Profit:
2012 EUR 306,383.00
further business figures:
Equipment: *EUR 199,500.00
Ac/ts receivable: EUR
484,859.00
Liabilities: EUR 1,108,299.00
Employees:
26
The business figures marked with an asterisk
are estimates based on average values in the line of business.
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 37.51
Liquidity ratio: 1.09
Return on total capital [%]: 17.97
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 15.18
Liquidity ratio: 0.61
Return on total capital [%]: -25.14
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 28.74
Liquidity ratio: 0.93
Return on total capital [%]: -14.88
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 38.46
Liquidity ratio: 0.98
Return on total capital [%]: -13.01
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 1,705,212.67
Fixed assets
EUR 52,516.50
Intangible assets
EUR 3.00
Other / unspecified intangible assetsEUR 3.00
Tangible assets
EUR 52,013.50
Other / unspecified tangible assets
EUR 52,013.50
Financial assets
EUR 500.00
Other / unspecified financial assets EUR 500.00
Current assets
EUR 1,640,586.01
Stocks
EUR 912,733.02
Other / unspecified stocks
EUR 912,733.02
Received advance payments for orders
(depreciated on the assets side)
EUR -121,131.39
Accounts receivable
EUR 484,858.54
Other debtors and assets
EUR 484,858.54
Liquid means
EUR 242,994.45
Remaining other assets
EUR 12,110.16
Accruals (assets)
EUR 12,110.16
LIABILITIES EUR 1,705,212.67
Shareholders' equity
EUR 217,686.75
Capital EUR 260,000.00
Subscribed capital (share capital)
EUR 260,000.00
Reserves
EUR 500,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -542,313.25
Profit / loss brought forward
EUR -848,696.32
Annual surplus / annual deficit
EUR 306,383.07
Provisions
EUR 379,227.00
Liabilities
EUR 1,108,298.92
Other liabilities
EUR 1,108,298.92
Unspecified other liabilities
EUR 1,108,298.92
Type of
balance sheet: Company
balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,837,122.57
Fixed assets
EUR 46,804.00
Intangible assets
EUR 3.00
Other / unspecified intangible assetsEUR 3.00
Tangible assets
EUR 46,301.00
Other / unspecified tangible assets
EUR 46,301.00
Financial assets
EUR 500.00
Other / unspecified financial assets EUR 500.00
Current assets
EUR 1,659,567.25
Stocks
EUR 912,700.67
Accounts receivable
EUR 543,706.56
Other debtors and assets
EUR 543,706.56
Liquid means
EUR 203,160.02
Remaining other assets
EUR 130,751.32
Accruals (assets) EUR 42,055.00
Deficit not covered by shareholders'
equity
EUR 88,696.32
LIABILITIES EUR 1,837,122.57
Shareholders' equity
EUR 0.00
Capital
EUR 260,000.00
Subscribed capital (share capital)
EUR 260,000.00
Reserves
EUR 500,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -848,696.32
Profit / loss brought forward
EUR -409,056.41
Annual surplus / annual deficit
EUR -439,639.91
Other
shareholders' equity (+/-) EUR 88,696.32
Deficit not covered by shareholders'
equity
EUR 88,696.32
Provisions
EUR 383,075.00
Liabilities EUR 1,454,047.57
Other liabilities
EUR 1,454,047.57
Unspecified other liabilities
EUR 1,454,047.57
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.85.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.