|
Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WEINMANN
AACH AG |
|
|
|
|
Registered Office : |
Am
Eichwald 6 D 72280 Dornstetten |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.01.1949 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
223 |
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 |
Your
inquiry: Weinmann Aach AG,
Robert-Bosch-Str. 10, D 72280 Dornstetten
The subject of your inquiry is a Branch. We are reporting on the headquarters.
WEINMANN AACH AG
Company Status: active
Am Eichwald 6
D 72280 Dornstetten
Telephone:07443/2402-0
Telefax: 07443/20031
Homepage: www.weinmann-aach.de
E-mail: info@weinmann-aach.de
VAT no.: DE261627677
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 01.01.1949
Registered on: 11.09.2008
Commercial Register: Local court 70190 Stuttgart
under: HRB
727315
Share capital: EUR 2,827,536.00
President of the Board of Directors:
Friedrich Weinmann
D 72280 Dornstetten
having sole power of
representation
born: 13.02.1948
Marital status: married
Member of the Board of Directors:
Gebhard Strähler
D 72280 Dornstetten
born: 24.06.1965
Member of the Board of Directors:
Simon Schultz
D 72172 Sulz
born: 24.04.1977
Member of the Board of Directors:
Sascha Rauter
D 72290 Loßburg
born: 21.01.1980
President of the Supervisory Board:
Dr. Immanuel Stauch
Schwärzlocher Str. 75
D 72070 Tübingen
01.01.1949 - 11.09.2008 Weinmann KG
Glattalstr. 33
D 72280 Dornstetten
Limited partnership
Main industrial sector
46721
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods
46722 Wholesale of non-ferrous ores, metals and metal
semi-finished goods
47523 Retail sale of paints and building materials
Works:
Weinmann Aach AG
Robert-Bosch-Str. 10
D 72280 Dornstetten
TEL.: 07443/24020
FAX.: 07443/20031
Payment experience: cash
discount/within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2013
Type of ownership: proprietor
Share: 100.00
%
Address Glattalstr.
33
D 72280 Dornstetten
Type of real estate: factory building
Value at selling price: EUR 1,278,000.00
Type of ownership: Tenant
Address Am
Eichwald 6
D 72280 Dornstetten
Land register documents were not available.
COMMERZBANK, 72232 FREUDENSTADT
Sort. code: 69440007
BIC: COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, 72232
FREUDENSTADT
Sort. code: 60080000
BIC: DRESDEFF600
VOLKSBANK DORNSTETTEN, 72277 DORNSTETTEN,
WÜRTT
Sort. code: 64262408
BIC: GENODES1VDS
BADEN-WÜRTTEMBERGISCHE BANK, 70049 STUTTGART
Sort. code: 60020030
BIC: SOLADEST601
LANDESBANK BADEN-WÜRTTEMBERG, 70144 STUTTGART
Sort. code: 60050000
BIC: SOLADESTXXX
Turnover: 2012 EUR 101,917,886.00
2013 EUR 101,452,364.00
Expected turnover: EUR 102,000,000.00
Profit: 2012 EUR 1,541,170.00
2013 EUR 1,405,948.00
further business figures:
Equipment: EUR 1,208,513.00
Ac/ts receivable: EUR 10,209,713.00
Liabilities: EUR 24,797,264.00
Total numbers of
vehicles:
25
Employees: 223
- thereof permanent
staff:
204
- Trainees:
15
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 48.71
Liquidity ratio: 0.47
Return on total capital [%]: 2.96
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 58.85
Liquidity ratio: 0.83
Return on total capital [%]: 4.22
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 54.21
Liquidity ratio: 0.79
Return on total capital [%]: 5.20
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 59.19
Liquidity ratio: 1.15
Return on total capital [%]: 7.99
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: 01.01.2013
- 31.12.2013
ASSETS EUR 47,488,778.68
Fixed assets EUR 5,169,811.88
Intangible assets EUR 429,657.00
Concessions, licences,
rights EUR 429,657.00
Tangible assets EUR 2,604,054.94
Land / similar
rights EUR 1,080,646.22
Plant / machinery EUR 152,375.50
Other tangible assets /
fixtures and
fittings EUR 1,208,512.50
Advance payments made /
construction
in progress EUR 162,520.72
Financial assets EUR 2,136,099.94
Shares in participations
/
subsidiaries and the
like EUR 300.00
Shares in cooperatives EUR 300.00
Loans to participations
/
subsidiaries and the
like EUR 2,135,799.94
Loans to related
companies EUR 2,135,799.94
Current assets EUR 42,092,147.80
Stocks EUR 30,363,303.03
Raw materials,
consumables and
supplies EUR 44,335.00
Finished goods / work in
progress EUR 30,092,907.90
Advance payments
made EUR 226,060.13
Accounts receivable EUR 10,209,712.50
Trade debtors EUR 9,171,981.21
Other debtors and
assets EUR 1,037,731.29
Liquid means EUR 1,519,132.27
Remaining other
assets EUR 226,819.00
Accruals (assets) EUR 226,819.00
LIABILITIES EUR 47,488,778.68
Shareholders' equity EUR 21,669,622.74
Capital EUR 2,827,536.00
Subscribed capital
(share capital) EUR 2,827,536.00
Reserves EUR 18,490,599.72
Capital reserves EUR 3,033,063.00
Retained earnings /
revenue reserves EUR
15,457,536.72
Balance sheet profit/loss
(+/-) EUR 351,487.02
Balance sheet profit /
loss EUR 351,487.02
Provisions EUR 1,021,891.83
Other / unspecified
provisions EUR 1,021,891.83
Liabilities EUR 24,797,264.11
Financial debts EUR 12,584,397.99
Liabilities due to
banks EUR 12,584,397.99
Other liabilities EUR 12,212,866.12
Trade creditors (for IAS
incl. bills
of exchange) EUR 2,319,819.94
Liabilities from
received advance
payments EUR 6,633,542.60
Unspecified other
liabilities EUR 3,259,503.58
thereof liabilities
from tax /
financial
authorities EUR 378,479.09
thereof liabilities
from social
security EUR 18,782.38
Guarantees and other
commitments EUR 9,307,716.05
Discounted bills of exchange EUR 100,716.05
Other guarantees and
other commitmentsEUR
9,207,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 101,452,364.24
Inventory change + own
costs (+/-) EUR 6,036,458.21
Inventory change
(+/-) EUR 6,008,458.21
Capitalised own
costs EUR 28,000.00
Other operating
income EUR 423,521.85
Cost of materials EUR 87,558,981.66
Raw materials and
supplies, purchased
goods EUR 81,324,918.13
Purchased services EUR 6,234,063.53
Gross result (+/-) EUR 20,353,362.64
Staff expenses EUR 10,535,530.70
Wages and salaries EUR 8,853,102.24
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,682,428.46
Total depreciation EUR 415,622.52
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 415,622.52
Other operating
expenses EUR 7,145,764.55
Operating result from
continuing
operations EUR 2,256,444.87
Interest result (+/-) EUR -248,230.49
Interest and similar
income EUR 126,676.28
Interest and similar
expenses EUR 374,906.77
Financial result
(+/-) EUR -248,230.49
Result from ordinary
operations (+/-) EUR 2,008,214.38
Income tax / refund of
income tax (+/-)EUR -564,242.19
Other taxes / refund of
taxes EUR -38,024.11
Tax (+/-) EUR -602,266.30
Annual surplus / annual
deficit EUR 1,405,948.08
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
FINANCIAL YEAR: 01.01.2012
- 31.12.2012
ASSETS EUR 36,584,813.40
Fixed assets EUR 3,363,074.21
Intangible assets EUR 313,195.00
Concessions, licences,
rights EUR 313,195.00
Tangible assets EUR 2,070,997.33
Land / similar
rights EUR 1,119,110.54
Plant / machinery EUR 186,823.50
Other tangible assets /
fixtures and
fittings EUR 732,374.50
Advance payments made / construction
in progress EUR 32,688.79
Financial assets EUR 978,881.88
Shares in participations
/
subsidiaries and the
like EUR 300.00
Shares in
cooperatives EUR 300.00
Loans to participations
/
subsidiaries and the
like EUR 978,581.88
Loans to related
companies EUR 978,581.88
Current assets EUR
33,107,291.19
Stocks EUR 21,652,246.74
Raw materials,
consumables and
supplies EUR 39,999.10
Finished goods / work in
progress EUR 21,488,711.58
Advance payments
made EUR 123,536.06
Accounts receivable EUR 9,970,530.30
Trade debtors EUR 8,736,298.54
Other debtors and
assets EUR 1,234,231.76
Liquid means EUR 1,484,514.15
Remaining other
assets EUR 114,448.00
Accruals (assets) EUR 114,448.00
LIABILITIES EUR 36,584,813.40
Shareholders' equity EUR 20,648,966.67
Capital EUR 2,827,536.00
Subscribed capital
(share capital) EUR 2,827,536.00
Reserves EUR 17,436,138.06
Capital reserves EUR 3,033,063.00
Retained earnings /
revenue reserves EUR
14,403,075.06
Balance sheet profit/loss
(+/-) EUR 385,292.61
Balance sheet profit /
loss EUR 385,292.61
Provisions EUR 1,589,993.09
Pension provisions and
comparable
provisions EUR 478,304.26
Provisions for taxes EUR 207,409.00
Other / unspecified
provisions EUR 904,279.83
Liabilities EUR 14,345,853.64
Financial debts EUR 9,881,671.16
Liabilities due to
banks EUR 9,881,671.16
Other liabilities EUR 4,464,182.48
Trade creditors (for IAS
incl. bills
of exchange) EUR 1,817,608.85
Unspecified other liabilities EUR 2,646,573.63
thereof liabilities
from tax /
financial
authorities EUR 353,695.10
thereof liabilities
from social
security EUR 11,237.77
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Sales EUR 101,917,886.35
Inventory change + own
costs (+/-) EUR 1,111,606.70
Inventory change
(+/-) EUR 1,097,794.70
Capitalised own
costs EUR 13,812.00
Other operating
income EUR 582,702.81
Cost of materials EUR 83,637,055.20
Raw materials and
supplies, purchased
goods EUR 82,473,292.28
Purchased services EUR 1,163,762.92
Gross result (+/-) EUR 19,975,140.66
Staff expenses EUR 9,895,246.06
Wages and salaries EUR 8,283,815.14
Social security
contributions and
expenses for pension
plans and
benefits EUR 1,611,430.92
Total depreciation EUR 291,471.09
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 291,471.09
Other operating
expenses EUR 7,212,254.97
Operating result from
continuing
operations EUR 2,576,168.54
Interest result (+/-) EUR -320,485.82
Interest and similar
income EUR 72,079.96
Interest and similar
expenses EUR 392,565.78
Financial result
(+/-) EUR -320,485.82
Result from ordinary
operations (+/-) EUR 2,255,682.72
Income tax / refund of
income tax (+/-)EUR -676,833.99
Other taxes / refund of
taxes EUR -37,678.28
Tax (+/-) EUR -714,512.27
Annual surplus / annual
deficit EUR 1,541,170.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.98.24 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.