|
Report No. : |
316974 |
|
Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
WOLF VERPACKUNGSMASCHINEN GMBH |
|
|
|
|
Registered Office : |
Bettenhäuser Str. 3, D 35423 Lich |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.03.1997 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of other general-purpose machinery ·
Agents involved in the sale of machines (except
agricultural machinery and office machinery) and industrial supplies |
|
|
|
|
No. of Employees : |
126 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
10,000 EUR |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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 2014. The new German government introduced
a minimum wage of about $11.60 (8.50 euros) 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%. The budget was essentially in
balance in 2014. 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 plans to replace nuclear
power with renewable energy, which accounts for 34% of total energy consumption,
up from 9% in 2000. 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 |
WOLF VERPACKUNGSMASCHINEN GMBH
Company Status: active
Bettenhäuser Str. 3
D 35423 Lich
Telephone:06404/9182-0
Telefax: 06404/9182-83
Homepage: www.wolf-pack.de
E-mail: contact@wolf-pack.de
VAT no.: DE812231460
LEGAL FORM Private
limited company
Date of foundation: 21.03.1997
Shareholders'
agreement: 21.03.1997
Registered on: 15.04.1997
Commercial Register: Local court 35390 Gießen
under: HRB 2962
Share capital:
EUR 500,000.00
Shareholder:
Günter Wolf
Freier Platz
27
D 35423 Lich
born:
24.04.1949
Share: EUR 387,500.00
Shareholder:
Sebastian
Wolf
Freier Platz
27
D 35423 Lich
born:
06.04.1981
Share: EUR 100,000.00
Shareholder:
Margit Wolf
Freier Platz
27
D 35423 Lich
Share: EUR 12,500.00
Manager:
Günter Wolf
Freier Platz
27
D 35423 Lich
having sole
power of representation
born:
24.04.1949
Profession:
Engine fitter
Marital
status: married
Manager:
Sebastian
Wolf
Freier Platz
27
D 35423 Lich
having sole
power of representation
born: 06.04.1981
Further functions/participations of Günter Wolf (Manager)
Proprietor:
Günter Wolf
Freier Platz
27
D 35423 Lich
Legal form:
Unregistered commercial
enterprise
Limited partner:
G. u. S. Wolf
Grundstücksverwaltungs GmbH &
Co. KG
Bettenhäuser
Str. 3
D 35423 Lich
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total
cap. EUR 10,000.00
contribution:
Share: EUR 8,500.00
Registered
on: 11.04.2014
Reg.
data: 35390 Gießen, HRA 4461
Shareholder:
3S Packaging
Technology GmbH
Glaserstr. 2
D 87463
Dietmannsried
Legal form:
Private limited company
insolvent
Share
capital: EUR 480,000.00
Share: EUR 237,200.00
Registered
on: 07.02.2008
Reg.
data: 87435 Kempten, HRB 9726
Shareholder:
G. u. S. Wolf
GmbH
Bettenhäuser
Str. 3
D 35423 Lich
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Share: EUR 21,250.00
Registered
on: 12.11.2013
Reg.
data: 35390 Gießen, HRB 8097
Manager:
G. u. S. Wolf
GmbH
Bettenhäuser
Str. 3
D 35423 Lich
Legal form:
Private limited company
Share capital: EUR 25,000.00
Registered
on: 12.11.2013
Reg.
data: 35390 Gießen, HRB 8097
Further functions/participations of Sebastian Wolf (Manager)
Limited partner:
G. u. S. Wolf
Grundstücksverwaltungs GmbH &
Co. KG
Bettenhäuser
Str. 3
D 35423 Lich
Legal form:
Ltd partnership with priv. ltd.
company as general
partner
Total
cap. EUR 10,000.00
contribution:
Share: EUR 1,500.00
Registered
on: 11.04.2014
Reg.
data: 35390 Gießen, HRA 4461
Shareholder:
G. u. S. Wolf
GmbH
Bettenhäuser
Str. 3
D 35423 Lich
Legal form: Private
limited company
Share
capital: EUR 25,000.00
Share: EUR 3,750.00
Registered
on: 12.11.2013
Reg.
data: 35390 Gießen, HRB 8097
Manager:
G. u. S. Wolf
GmbH
Bettenhäuser
Str. 3
D 35423 Lich
Legal form:
Private limited company
Share
capital: EUR 25,000.00
Registered
on: 12.11.2013
Reg.
data: 35390 Gießen, HRB 8097
Main industrial sector
28290 Manufacture of other
general-purpose machinery
46141 Agents involved in the sale
of machines (except agricultural machinery and office machinery) and industrial
supplies n.e.c.
Branch:
Wolf
Verpackungsmaschinen GmbH
Colonia-Allee
3
D 51067 Köln
TEL.:
0221/65040
Payment experience: within agreed
terms
Negative information: We have no negative information at hand.
Credit Recommendation: 10,000 EUR
The maximum credit is our recommendation for the maximum credit limit
for the inquired company.
Type of ownership: Tenant
Address Bettenhäuser
Str. 3
D 35423 Lich
Real Estate of: Günter Wolf
Type of ownership: part owner
Share: 50.00 %
Address Freier Platz
27
D 35423 Lich
Land register documents were not available.
Principal banks
SPARKASSE LAUBACH-HUNGEN, 35410 HUNGEN
Sort. code: 51352227
BIC: HELADEF1LAU
VOLKSBANK MITTELHESSEN, 35423 LICH, HESS
Sort. code: 51390000
BIC: VBMHDE5FXXX
COMMERZBANK, 35348 GIEßEN, LAHN
Sort. code: 51340013
BIC: COBADEFFXXX
Equipment:
EUR 205,119.00
Ac/ts receivable: EUR
4,833,727.00
Liabilities:
EUR 9,114,389.00
Employees:
126
- Part-time employees: 8
- Trainees:
6
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]:
16.83
Liquidity ratio:
0.39
Return on total capital [%]:
1.54
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]:
19.73
Liquidity ratio:
0.36
Return on total capital [%]:
4.59
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]:
25.15
Liquidity ratio:
0.51
Return on total capital [%]:
5.94
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
17.67
Liquidity ratio:
0.23
Return on total capital [%]:
4.33
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 14,158,770.12
Fixed assets EUR 2,358,643.17
Intangible assets EUR 176,515.50
Concessions, licences, rights EUR 176,515.50
Tangible assets EUR 1,315,713.88
Land / similar rights EUR 1,013,020.88
Plant / machinery EUR 97,574.50
Other tangible assets / fixtures and
fittings EUR 205,118.50
Financial assets EUR 866,413.79
Shares in participations /
subsidiaries and the like EUR 358,000.00
Shares in related companies EUR 358,000.00
Other / unspecified financial assets
EUR 508,413.79
Current assets EUR 11,745,642.96
Stocks EUR 6,210,573.15
Raw materials, consumables and
supplies EUR 4,299.00
Finished goods / work in progress EUR
14,972,677.61
Advance payments made EUR 226,944.26
Minus received advance payments for
orders / installments for stocks EUR
-8,993,347.72
Accounts receivable EUR 4,833,727.18
Trade debtors EUR 1,976,683.78
Amounts due from related companies EUR 984,670.38
Other debtors and assets EUR 1,872,373.02
Investments in current assets EUR 195,416.72
Other investments EUR 195,416.72
Liquid means EUR 505,925.91
Remaining other assets EUR 54,483.99
Accruals (assets) EUR 54,483.99
LIABILITIES EUR 14,158,770.12
Shareholders' equity EUR 3,567,482.26
Capital EUR 500,000.00
Subscribed capital (share capital) EUR 500,000.00
Balance sheet profit/loss (+/-) EUR 3,067,482.26
Profit / loss brought forward EUR
2,773,398.36
Balance sheet profit / loss EUR 294,083.90
Provisions EUR 1,476,898.76
Pension provisions and comparable
provisions EUR 738,893.00
Provisions for taxes EUR 55,099.00
Other / unspecified provisions EUR 682,906.76
Liabilities EUR 9,114,389.10
Financial debts EUR 5,284,393.36
Liabilities due to banks EUR 5,284,393.36
Other liabilities EUR 3,829,995.74
Trade creditors (for IAS incl. bills
of exchange) EUR 2,927,888.01
Unspecified other liabilities EUR 902,107.73
thereof liabilities from tax /
financial authorities EUR 80,507.79
thereof liabilities from social
security EUR 3,955.06
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 10,617,465.88
Staff expenses EUR 6,272,437.06
Wages and salaries EUR
5,129,340.59
Social security contributions and
expenses for pension plans and
benefits EUR 1,143,096.47
Total depreciation EUR 216,406.93
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 216,406.93
Other operating expenses EUR 3,401,075.81
Operating result from continuing
operations EUR 727,546.08
Interest result (+/-) EUR -342,822.50
Interest and similar income EUR 65,057.37
Interest and similar expenses EUR 407,879.87
Financial result (+/-) EUR -342,822.50
Result from ordinary operations (+/-) EUR
384,723.58
Extraordinary income EUR 98,000.00
Extraordinary result (+/-) EUR 98,000.00
Income tax / refund of income tax
(+/-)EUR -185,538.11
Other taxes / refund of taxes EUR -3,101.57
Tax (+/-) EUR -188,639.68
Annual surplus / annual deficit EUR 294,083.90
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 12,540,566.04
Fixed assets EUR 2,326,968.89
Intangible assets EUR 217,974.00
Other / unspecified intangible
assetsEUR 217,974.00
Tangible assets EUR 1,353,751.88
Land / similar rights EUR 1,018,764.88
Plant
/ machinery EUR 100,709.00
Other tangible assets / fixtures and
fittings EUR 234,278.00
Financial assets EUR 755,243.01
Shares in participations /
subsidiaries and the like EUR 260,000.00
Shares in related companies EUR 260,000.00
Other / unspecified financial assets
EUR 495,243.01
Current assets EUR 10,148,146.68
Stocks EUR 6,100,244.37
Other / unspecified stocks EUR 6,100,244.37
Received advance payments for orders
(depreciated on the assets side) EUR
-12,063,678.50
Accounts receivable EUR 3,600,286.68
Amounts due from related companies EUR 177,190.43
Other debtors and assets EUR 3,423,096.25
Investments in current assets EUR 149,736.47
Other investments EUR 149,736.47
Liquid means EUR 297,879.16
Remaining other assets EUR 65,450.47
Accruals (assets) EUR 65,450.47
LIABILITIES EUR 12,540,566.04
Shareholders' equity EUR 3,273,398.36
Capital EUR 500,000.00
Subscribed capital (share capital) EUR 500,000.00
Balance sheet profit/loss (+/-) EUR 2,773,398.36
Profit / loss brought forward EUR 2,458,117.36
Annual surplus / annual deficit EUR 315,281.00
Provisions EUR 1,339,611.00
Liabilities EUR 7,927,556.68
Financial debts EUR 4,000,739.64
Liabilities due to banks EUR 4,000,739.64
Other liabilities EUR 3,926,817.04
Unspecified other liabilities EUR 3,926,817.04
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-) EUR 9,747,244.58
Staff expenses EUR 5,741,908.36
Wages and salaries EUR 4,671,415.64
Social security contributions and
expenses for pension plans and
benefits EUR 1,070,492.72
Total depreciation EUR 261,849.22
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 261,849.22
Other operating expenses EUR
2,755,987.65
Operating result from continuing
operations EUR 987,499.35
Interest result (+/-) EUR -304,292.26
Interest and similar income EUR 44,929.85
Interest and similar expenses EUR 349,222.11
Financial result (+/-) EUR -304,292.26
Result from ordinary operations (+/-) EUR
683,207.09
Extraordinary expenses EUR 214,000.00
Extraordinary result (+/-) EUR -214,000.00
Income tax / refund of income tax
(+/-)EUR -151,559.36
Other taxes / refund of taxes EUR -2,366.73
Tax (+/-) EUR -153,926.09
Annual surplus / annual deficit EUR 315,281.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.92.44 |
|
Euro |
1 |
Rs.66.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.