|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
WIREMESH-PROTEC
GMBH |
|
|
|
|
Registered Office : |
Marienstr.
37-43 D 41836 Hückelhoven |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
04.08.2006 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
Manufacture
of other fabricated metal products |
|
|
|
|
No. of Employees : |
32 |
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 |
WIREMESH-PROTEC GMBH
Company Status: active
Marienstr. 37-43
D 41836 Hückelhoven
Telephone:02433/951808-0
Telefax: 02433/951808-12
Homepage: www.wiremesh-protec.de
E-mail: info@wiremesh-protec.de
VAT no.: DE250382626
Tax ID number: 208/5723/1130
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 04.08.2006
Shareholders'
agreement: 04.08.2006
Registered on: 13.11.2006
Commercial Register: Local court 41061 Mönchengladbach
under: HRB
11872
Share capital: EUR 25,000.00
Shareholder:
Hans Jürgen Hellenbrand
D 52525 Heinsberg
born: 11.07.1959
Share: EUR 12,500.00
Shareholder:
Rene Thamm
D 52511 Geilenkirchen
born: 06.03.1965
Share: EUR 12,500.00
Manager:
Hans Jürgen Hellenbrand
D 52525 Heinsberg
having sole power of
representation
born: 11.07.1959
Profession: graduate engineer
Marital status: married
Manager:
Rene Thamm
D 52511 Geilenkirchen
having sole power of
representation
born: 06.03.1965
13.11.2006 - 01.04.2007 Wiremesh-Pro Tec GmbH
Marienstr. 37-43
D 41836 Hückelhoven
Private limited
company
Main industrial sector
2599
Manufacture of other fabricated metal products n.e.c.
Payment experience: within
agreed terms
Negative information: We have no negative information at hand.
BALANCE SHEET YEAR: 2012
Type of ownership: Tenant
Address Marienstr. 37-43
D 41836 Hückelhoven
Land register documents were not available.
KREISSPARKASSE HEINSBERG IN ERKELENZ, 41806
ERKELENZ
Sort. code: 31251220
BIC: WELADED1ERK
Turnover: 2012 EUR 3,430,000.00
2013 *EUR 3,520,000.00
Profit: 2012 EUR 13,058.00
further business figures:
Equipment: *EUR 288,000.00
Ac/ts receivable: EUR 92,014.00
Liabilities: EUR 876,379.00
Employees:
32
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 [%]: 23.70
Liquidity ratio: 0.13
Return on total capital
[%]: 1.40
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 28.43
Liquidity ratio: 0.23
Return on total capital
[%]: 7.67
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 36.48
Liquidity ratio: 0.20
Return on total capital
[%]: 0.45
Balance sheet ratios
01.01.2009 - 31.12.2009
Equity ratio [%]: 27.56
Liquidity ratio: 0.27
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 1,048,394.86
Start-up / business
expansion expenses EUR
98,778.00
Fixed assets EUR 282,784.00
Intangible assets EUR 36,157.00
Tangible assets EUR 246,627.00
Current assets EUR 660,083.88
Stocks EUR 564,651.55
Accounts receivable EUR 92,014.17
Liquid means EUR 3,418.16
Remaining other
assets EUR 6,748.98
Accruals (assets) EUR 6,748.98
LIABILITIES EUR 1,048,394.86
Shareholders' equity EUR 154,978.58
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 129,978.58
Profit / loss brought
forward EUR 116,920.86
Annual surplus / annual
deficit EUR 13,057.72
Provisions EUR 17,037.00
Liabilities EUR 876,379.28
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2011
- 31.12.2011
ASSETS EUR 851,141.75
Start-up / business
expansion expenses EUR
131,703.50
Fixed assets EUR 251,154.00
Tangible assets EUR 251,154.00
Current assets EUR 451,294.80
Stocks EUR 334,209.99
Accounts receivable EUR 113,756.87
Liquid means EUR 3,327.94
Remaining other
assets EUR 16,989.45
Accruals (assets) EUR 16,989.45
LIABILITIES EUR 851,141.75
Shareholders' equity EUR 141,920.86
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 116,920.86
Profit / loss brought
forward EUR 61,732.07
Annual surplus / annual
deficit EUR 55,188.79
Provisions EUR 18,689.00
Liabilities EUR 690,531.89
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.