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Report No. : |
319252 |
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Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
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Name : |
WALTER GMBH |
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Registered Office : |
Fischpicke 1, D 57482 Wenden, Post Box:
11 21, D 57473 Wenden |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.01.1985 |
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Com. Reg. No.: |
HRB 6870 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Machining ·
Manufacture of metal products |
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No. of Employees : |
32 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
WALTER GMBH
Company Status: active
Fischpicke 1
D 57482 Wenden
Post Box:
11 21, D 57473 Wenden
Telephone:02762/93170
Telefax:
02762/931750
Homepage: www.walter-germany.com
E-mail:
info@walter-germany.com
Trade name: CNC
Walter
VAT
no.: DE126178494
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 01.01.1985
Shareholders'
agreement: 16.07.1987
Registered on: 09.10.1987
Commercial Register: Local court 57072 Siegen
under: HRB 6870
Share capital: EUR 26,000.00
Shareholder:
Marianne Walter
Pirolweg 2
D 57482 Wenden
born: 28.06.1952
née: Wigger
Share: EUR 13,000.00
Shareholder:
Torsten Walter
Pirolweg 2
D 57482 Wenden
born: 05.10.1982
Share: EUR 6,500.00
Shareholder:
Kerstin Walter
Pirolweg 2
D 57482 Wenden
Share: EUR 6,500.00
Manager:
Torsten Walter
Pirolweg 2
D 57482 Wenden
having sole power of
representation
born: 05.10.1982
Proxy:
Marianne Walter
Pirolweg 2
D 57482 Wenden
authorized to jointly
represent the company
born: 28.06.1952
née: Wigger
Marital status: widowed
Proxy:
Christoph Schulte
Manfred-Schöne-Str. 33
D 57462 Olpe
authorized to jointly
represent the company
born: 10.06.1970
Further functions/participations of Torsten
Walter (Manager)
Limited partner:
timespare it-solutions
GmbH & Co KG
Freiherr-vom-Stein-Str.
48
D 65520 Bad Camberg
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 500.00
contribution:
Share: EUR 175.00
Registered
on: 08.03.2007
Reg. data: 65549 Limburg, HRA 2724
Shareholder:
mameo GmbH
Zum Eichstruck 9
D 57482 Wenden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 16,750.00
Registered
on: 06.12.2012
Reg. data: 57072 Siegen, HRB 9951
Shareholder:
Timespare Business
Solutions GmbH
Freiherr-vom-Stein-Str.
48
D 65520 Bad Camberg
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 8,750.00
Registered
on: 14.05.2014
Reg. data: 65549 Limburg, HRB 5213
Manager:
mameo GmbH
Zum Eichstruck 9
D 57482 Wenden
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 06.12.2012
Reg. data: 57072 Siegen, HRB 9951
1985 - 09.10.1987 Marianne Walter
Fischpicke 1
D 57482 Wenden
Unregistered
commercial enterprise
Main industrial sector
2562
Machining n.e.c.
25993
Manufacture of metal products n.e.c.
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Fischpicke 1
D 57482 Wenden
Land register documents were not available.
SPARKASSE OLPE-DROLSHAGEN-WENDEN, 57482
WENDEN, SÜDSAUERLAND
Sort. code: 46250049
BIC: WELADED1OPE
VOLKSBANK OLPE-WENDEN-DROLSHAGEN, 57450 OLPE,
BIGGESEE
Sort. code: 46261822
BIC: GENODEM1WDD
Turnover: 2013 EUR 11,000,000.00
2014
EUR 11,000,000.00
Profit: 2013 EUR 237,305.00
further business figures:
Equipment: *EUR 352,000.00
Ac/ts receivable: EUR
1,284,018.00
Liabilities: EUR 2,267,050.00
Total
numbers of vehicles: 5
-
Passenger cars:
5
Employees:
32
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 48.65
Liquidity ratio: 0.57
Return on total capital [%]: 5.17
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 42.03
Liquidity ratio: 0.38
Return on total capital [%]: 2.16
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 34.61
Liquidity ratio: 0.35
Return on total capital [%]: 0.51
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 37.21
Liquidity ratio: 0.38
Return on total capital [%]: 3.77
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 4,611,192.08
Fixed assets
EUR 1,462,968.58
Intangible assets
EUR 42,116.00
Tangible assets
EUR 1,420,692.58
Financial assets
EUR 160.00
Other / unspecified financial assets EUR 160.00
Current assets
EUR 3,147,373.50
Stocks
EUR 1,861,827.52
Accounts receivable
EUR 1,284,018.23
Liquid means
EUR 1,527.75
Remaining other assets EUR 850.00
Accruals (assets)
EUR 850.00
LIABILITIES EUR 4,611,192.08
Shareholders' equity
EUR 2,254,068.91
Capital EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves
EUR 274,000.00
Capital reserves
EUR 274,000.00
Balance
sheet profit/loss (+/-) EUR 1,954,068.91
Profit / loss brought forward
EUR 1,716,764.18
Annual surplus / annual deficit
EUR 237,304.73
Provisions
EUR 90,073.00
Liabilities
EUR 2,267,050.17
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 5,024,884.60
Fixed
assets EUR 1,587,601.18
Intangible assets
EUR 11,196.00
Tangible assets
EUR 1,436,308.58
Financial assets
EUR 140,096.60
Other / unspecified financial assets EUR 140,096.60
Current assets
EUR 3,431,333.42
Stocks
EUR 2,340,886.49
Accounts receivable
EUR 1,084,155.57
Liquid means
EUR 6,291.36
Remaining other assets
EUR 5,950.00
Accruals (assets)
EUR 5,950.00
LIABILITIES EUR 5,024,884.60
Shareholders' equity
EUR 2,115,116.61
Capital
EUR 26,000.00
Subscribed capital (share capital)
EUR 26,000.00
Reserves EUR 274,000.00
Capital reserves
EUR 274,000.00
Balance sheet profit/loss (+/-)
EUR 1,815,116.61
Profit / loss brought forward
EUR 1,706,716.32
Annual surplus / annual deficit
EUR 108,400.29
Provisions
EUR 12,589.00
Liabilities
EUR 2,897,178.99
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.19 |
|
|
1 |
Rs.94.94 |
|
Euro |
1 |
Rs.67.66 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
|
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|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
|
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-- |
NB |
New Business |
-- |
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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.