MIRA INFORM REPORT

 

 

Report Date :

28.11.2014

 

IDENTIFICATION DETAILS

 

Name :

WIENSTROTH WÄRMEBEHANDLUNGSTECHNIK GMBH

 

 

Registered Office :

Daimlerstr. 56, D 47574 Goch

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

October, 1995

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Subject is engaged in construction of chimneys, furnaces and industrial furnaces

·         Engineering activities in the field of technical sectoral planning and engineering design

 

 

No of Employees :

25

 

 

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

 

 

 

 

COMPANY NAME & ADDRESS

 

WIENSTROTH WÄRMEBEHANDLUNGSTECHNIK GMBH

 

Company Status:           active

                                    Daimlerstr. 56

                                    D 47574 Goch

Telephone:                    02823/9769-0

Telefax:                         02823/9769-29

Homepage:                    www.wienstroth-gmbh.de

E-mail:                          info@wienstroth-gmbh.de

 

VAT no.:                       DE191294959

 

 

COMPANY SUMMARY

 

Legal Form                    Private limited company

Date of foundation:         10.1995

Shareholders'

agreement:                    01.12.1997

Registered on:               13.01.1998

Commercial Register:     Local court 47533 Kleve

under:                                       HRB 1856

 

Share capital:                 EUR            102,000.00

 

Shareholder:

                     Thomas Winkelhofer

                     Waldstr. 23

                     D 47551 Bedburg-Hau

                     born: 03.11.1971

                     Share:             EUR             63,750.00

Shareholder:

                     Ingrid Bünker-Volmer

                     Waldstr. 23

                     D 47551 Bedburg-Hau

                     born: 03.08.1979

                     Share:             EUR             38,250.00

Manager:

                     Thomas Wienstroth

                     Bahnweg 1

                     D 47574 Goch

                     having sole power of representation

                     born: 07.07.1953

                     Profession: graduate engineer

                     Marital status: married

Manager:

                     Thomas Winkelhofer

                     Waldstr. 23

                     D 47551 Bedburg-Hau

                     born: 03.11.1971

Manager:

                     Ingrid Bünker-Volmer

                     Rosenstr. 21

                     D 48653 Coesfeld

                     having sole power of representation

                     born: 03.08.1979

 

 

COMPANY HISTORY

 

10.1995 - 01.12.1997     Thomas Wienstroth

                                                            Daimlerstr. 50

                                                            D 47574 Goch

                                                            Unregistered commercial enterprise

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

43992   Construction of chimneys, furnaces and industrial furnaces

71122   Engineering activities in the field of technical sectoral planning and engineering design

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Daimlerstr. 56

                                    D 47574 Goch

 

Real Estate of:               Thomas Wienstroth

Type of ownership:         unknown

Address                        Bahnweg 1

                                    D 47574 Goch

 

Real Estate of:               Thomas Winkelhofer

Type of ownership:         unknown

Address                        Waldstr. 23

                                    D 47551 Bedburg-Hau

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

SPARKASSE KLEVE, 47515 KLEVE, NIEDERRHEIN

Sort. code: 32450000

BIC: WELADED1KLE

 

Further bank

DEUTSCHE BANK, 47512 KLEVE, NIEDERRHEIN

Sort. code: 32470077

BIC: DEUTDEDD324

 

 

FINANCIAL FIGURES

 

Turnover:            2013              *EUR          2,812,500.00

Profit:              2012               EUR          2,287,565.00

further business figures:

Equipment:                             *EUR            212,500.00

Ac/ts receivable:                       EUR          4,765,316.00

Liabilities:                            EUR          3,481,406.00

Employees:                                                     25

 

The business figures marked with an asterisk are estimates based

 on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2012 - 31.12.2012

Equity ratio [%]:                 59.42

Liquidity ratio:                  10.00

Return on total capital [%]:      18.01

 

Balance sheet ratios 01.01.2011 - 31.12.2011

Equity ratio [%]:                 55.73

Liquidity ratio:                  10.00

Return on total capital [%]:      10.54

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 91.69

Liquidity ratio:                  10.00

Return on total capital [%]:       4.27

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 73.71

Liquidity ratio:                  10.00

Return on total capital [%]:      15.76

 

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         12,716,736.46

 Fixed assets                           EUR          2,770,546.64

  Intangible assets                     EUR             25,069.00

  Tangible assets                       EUR          2,745,477.64

 Current assets                         EUR          9,936,174.82

  Stocks                                EUR          1,285,792.90

  Accounts receivable                   EUR          4,765,316.16

  Liquid means                          EUR          3,885,065.76

 Remaining other assets                 EUR             10,015.00

  Accruals (assets)                     EUR             10,015.00

 

LIABILITIES                             EUR         12,716,736.46

 Shareholders' equity                   EUR          7,561,912.88

  Capital                               EUR            102,000.00

   Subscribed capital (share capital)   EUR            102,000.00

  Balance sheet profit/loss (+/-)       EUR          7,459,912.88

   Profit / loss brought forward        EUR          5,172,347.85

   Annual surplus / annual deficit      EUR          2,287,565.03

 Provisions                             EUR          1,673,417.22

 Liabilities                            EUR          3,481,406.36

 Guarantees and other commitments       EUR          3,436,172.34

  Sureties / lendings of

  creditworthiness                      EUR          3,436,172.34

 

Type of balance

sheet:                                    Company balance sheet

 

Financial year:                           01.01.2011 - 31.12.2011

 

ASSETS                                  EUR         10,532,906.53

 Fixed assets                           EUR          2,771,601.39

  Intangible assets                     EUR             18,602.00

   Other / unspecified intangible assetsEUR             18,602.00

  Tangible assets                       EUR          2,752,999.39

   Other / unspecified tangible assets  EUR          2,752,999.39

 Current assets                         EUR          7,712,890.14

  Stocks                                EUR            724,165.31

  Accounts receivable                   EUR          1,186,890.17

   Other debtors and assets             EUR          1,186,890.17

  Liquid means                          EUR          5,801,834.66

 Remaining other assets                 EUR             48,415.00

  Accruals (assets)                     EUR             48,415.00

 

LIABILITIES                             EUR         10,532,906.53

 Shareholders' equity                   EUR          5,874,347.47

  Capital                               EUR            102,000.00

   Subscribed capital (share capital)   EUR            102,000.00

  Balance sheet profit/loss (+/-)       EUR          5,772,347.47

   Profit / loss brought forward        EUR          4,663,432.33

   Annual surplus / annual deficit      EUR          1,108,915.14

 Provisions                             EUR            737,182.22

 Liabilities                            EUR          3,921,376.84

  Other liabilities                     EUR          3,921,376.84

   Unspecified other liabilities        EUR          3,921,376.84

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.86

UK Pound

1

Rs.97.69

Euro

1

Rs.77.37                             

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SMN

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.