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Report Date : |
19.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
WALTER
MASCHINENBAU GMBH |
|
|
|
|
Registered Office : |
Jopestr.
5 D 72072 Tübingen |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
21.04.2004 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
Manufacture
of metal forming machinery |
|
|
|
|
No. of Employees |
196 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
WALTER MASCHINENBAU GMBH
Company Status: active
Jopestr. 5
D 72072 Tübingen
Telephone:07071/9393-0
Telefax: 07071/9393-695
Homepage:
www.walter-machines.com
E-mail: info@walter-machines.com
VAT no.: DE234705879
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2004
Shareholders'
agreement: 29.03.2004
Registered on: 21.04.2004
Commercial Register: Local court 70190 Stuttgart
under: HRB
382554
Share capital: EUR 1,000,000.00
Shareholder:
United Grinding GmbH
Nagelsweg 33-35
D 20097 Hamburg
Legal form: Private limited company
Share capital: EUR
62,000,000.00
Share: EUR 1,000,000.00
Registered on: 03.01.2006
Reg. data: 20355 Hamburg,
HRB 95996
Manager:
Harri Gottlieb Rein
D 72124 Pliezhausen
born: 08.12.1959
Manager:
Christian Dilger
D 72124 Pliezhausen
born: 11.04.1969
Proxy:
Peter Armbruster
D 72829 Engstingen
authorized to jointly
represent the company
born: 21.11.1967
21.04.2004 - 30.06.2007 WALTER Maschinenbau GmbH
Derendinger Str. 53
D 72072 Tübingen
Private limited
company
30.06.2007 - 29.08.2013 WALTER Maschinenbau GmbH
Jopestr. 5
D 72072 Tübingen
Private limited
company
08.11.2004 - 07.07.2014 Manager
Heinz Detlev
Poklekowski
D 20097 Hamburg
17.02.2010 - 16.01.2013 Manager
Siegfried Rudi
Knüpfer
D 70599 Stuttgart
14.01.2011 - 02.07.2012 Manager
Dr. Harald Gosebruch
D 27283 Verden
Main industrial sector
2841
Manufacture of metal forming machinery
46620 Wholesale of machine tools
Secondary industrial sector
2562
Machining n.e.c.
Average risk of default: 2.6 %
Branch:
Walter Maschinenbau GmbH
Osteriede 8-10
D 30827 Garbsen
TEL.: 05131/49480
Payment
experience: without complaints
Negative information: We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Jopestr.
5
D 72072
Tübingen
Land register documents were not available.
DEUTSCHE BANK, 72704 REUTLINGEN
Sort. code: 64070085, Account no.: 1510015
BIC: DEUTDESS640
BADEN-WÜRTTEMBERGISCHE BANK, 72017 TÜBINGEN
Sort. code: 64120030, Account no.: 7477500363
BIC: SOLADEST641
Financial year: 01.01. - 31.12.
Turnover: 2012 EUR 110,000,000.00
2013 EUR 101,000,000.00
further business figures:
Share capital: EUR
1,000,000.00
Equipment: *EUR 1,692,000.00
Ac/ts receivable: *EUR 1,240,500.00
Liabilities: *EUR 2,406,000.00
Employees: 196
- thereof permanent
staff:
153
- Trainees:
8
The business figures marked with an asterisk
are estimates based
on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.78.57 |
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.