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Report No. : |
336161 |
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Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
W + R GMBH |
|
|
|
|
Registered Office : |
Carl-Zeiss-Str. 5 D 72555 Metzingen Post
Box: 15 52, D 72545 Metzingen |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
1988 |
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|
|
|
Legal Form : |
Private limited company |
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|
|
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Line of Business : |
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|
|
|
|
No. of Employees : |
32 |
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 |
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|
|
|
Payment Behaviour : |
No complaints |
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|
|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 5.2% 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. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 accounted for 27.8% of gross electricity consumption in 2014, 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. Extremely low inflation, caused largely by low global energy prices and a weak euro, are expected to boost German GDP growth in 2015.
|
Source
: CIA |
W
+ R GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Post Box:
15 52, D 72545 Metzingen
Telephone:07123/9674-0
Telefax:
07123/9674-44
Homepage: www.wr24.de
E-mail:
info@wr24.de
Active
DE197560388
89078/14157
Business relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 1988
Shareholders'
agreement: 19.08.1988
Registered on: 13.12.1988
Commercial Register: Local court 70190 Stuttgart
under: HRB 361185
Share capital: EUR 25,600.00
Shareholder:
WR Beteiligungen GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Share: EUR
25,600.00
Registered on: 25.02.2011
Reg. data: 70190 Stuttgart,
HRB 736763
Manager:
Hannes Jakob Junger
Stuttgarter Str. 72
D 72555 Metzingen
having sole power of
representation
born: 02.03.1970
Profession: Management
expert
Marital status: married
Proxy:
Wolfgang Burkhardt
Mörikestr. 2
D 72537 Mehrstetten
authorized to jointly
represent the company
born: 03.10.1966
Proxy:
Frank Ziegler
D 72760 Reutlingen
authorized to jointly represent
the company
born: 11.12.1959
Proxy:
Marita Edelmann-Junger
D 72555 Metzingen
having sole power of
representation
born: 24.03.1967
née: Edelmann
Further functions/participations of Hannes
Jakob Junger (Manager)
Limited partner:
Weiblen & Rümmelin
GmbH & Co.KG
Carl-Zeiss-Str. 5
D 72555 Metzingen
Post Box:
11 38
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 398,366.64
contribution:
Share: EUR 386,204.49
Registered
on: 17.03.1939
Reg. data: 70190 Stuttgart, HRA 360429
Limited partner:
Weiblen & Rümmelin
Vermietungen GmbH & Co.
KG
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Ltd
partnership with priv. ltd.
company as general partner
Total cap. EUR 10,000.00
contribution:
Share: EUR 10,000.00
Registered
on: 03.12.2008
Reg. data: 70190 Stuttgart, HRA 723470
Shareholder:
Junger Verwaltungs GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private
limited company
Share capital: EUR 30,700.00
Share: EUR 30,700.00
Registered
on: 15.07.1985
Reg. data: 70190 Stuttgart, HRB 360631
Shareholder:
W + R The Glove Factory
GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 27.05.2009
Reg. data: 70190 Stuttgart, HRB 730035
Manager:
Junger Verwaltungs GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private
limited company
Share capital: EUR
30,700.00
Registered
on: 15.07.1985
Reg. data: 70190 Stuttgart, HRB 360631
Manager:
W+R Seiz Gloves GmbH
Neuhauser Str. 63
D 72555 Metzingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 27.07.2005
Reg. data: 70190 Stuttgart, HRB 361456
Manager:
W + R The Glove Factory
GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 27.05.2009
Reg. data: 70190 Stuttgart, HRB 730035
Manager:
WR Beteiligungen GmbH
Carl-Zeiss-Str. 5
D 72555 Metzingen
Legal form: Private
limited company
Share capital: EUR 100,000.00
Registered
on: 25.02.2011
Reg. data: 70190 Stuttgart, HRB 736763
13.12.1988 - 19.12.2000 W + R Recycling GmbH
Stuttgarter Str. 54
D 72555 Metzingen
Private limited company
20.12.2000 - 31.01.2008 W + R GmbH
Stuttgarter Str. 54
D 72555 Metzingen
Private limited
company
Sectors
1412 Manufacture
of workwear
46421
Wholesale of clothing
Shareholder:
W+R Seiz Gloves GmbH
Neuhauser Str. 63
D 72555 Metzingen
Legal form: Private limited
company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Reg. data: 27.07.2005
Local court 70190 Stuttgart
HRB 361456
within periods customary in this trade
We have no negative information at hand.
Balance sheet year: 2013/2014
Type of ownership: Tenant
Address Carl-Zeiss-Str.
5
D 72555 Metzingen
Land register documents were not available.
Principal bank
KREISSPARKASSE REUTLINGEN, 72710 REUTLINGEN
Sort. code: 64050000, Account no.: 907237
BIC: SOLADES1REU, IBAN: DE22640500000000907237
Further bank
VOLKSBANK METZINGEN-BAD URACH, 72555
METZINGEN, WÜRTT
Sort. code: 64091200, Account no.: 208561005
BIC: GENODES1MTZ, IBAN: DE82640912000208561005
Turnover: 2013/2014 EUR 15,409,341.00
2014/2015 EUR 15,906,415.00
Profit: 2012/2013 EUR 283,371.00
2013/2014 EUR 664,946.00
further business figures:
Equipment: *EUR 187,000.00
Ac/ts receivable: EUR 4,113,709.00
Liabilities: EUR 3,511,096.00
Total numbers of vehicles: 6
- Lorries:
1
- Passenger cars:
5
Employees:
32
- thereof permanent staff: 6
- Part-time employees: 16
- Trainees:
2
The
business figures marked with an asterisk are estimates based
on
average values in the line of business.
BALANCE SHEETS
Balance sheet ratios 01.04.2013 - 31.03.2014
Equity ratio [%]: 40.66
Liquidity ratio: 1.21
Return on total capital [%]: 9.63
Balance
sheet ratios 01.04.2012 - 31.03.2013
Equity ratio [%]: 33.22
Liquidity ratio: 0.81
Return on total capital [%]: 4.29
Balance sheet ratios 01.04.2011 - 31.03.2012
Equity ratio [%]: 32.87
Liquidity ratio: 0.89
Return on total capital [%]: 5.01
Balance sheet ratios 01.04.2010 - 31.03.2011
Equity ratio [%]: 35.17
Liquidity ratio: 0.82
Return on total capital [%]: 4.95
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: 01.04.2013 - 31.03.2014
ASSETS EUR 6,920,291.82
Fixed assets EUR 217,272.00
Intangible assets EUR 30,102.00
Tangible assets EUR 140,400.00
Financial assets EUR 46,770.00
Other / unspecified financial assets
EUR 46,770.00
Current assets EUR 6,685,420.76
Stocks EUR 2,470,076.20
Accounts receivable EUR 4,113,709.21
Liquid means EUR 101,635.35
Remaining other assets EUR 17,599.06
Accruals (assets) EUR 17,599.06
LIABILITIES EUR 6,920,291.82
Shareholders' equity EUR 2,822,790.37
Capital EUR 25,600.00
Subscribed capital (share capital) EUR 25,600.00
Balance sheet profit/loss (+/-) EUR 2,797,190.37
Profit / loss brought forward EUR 2,132,244.27
Annual surplus / annual deficit EUR 664,946.10
Provisions EUR 586,405.00
Liabilities EUR 3,511,096.45
Type of balance
sheet: Company balance sheet
Financial year: 01.04.2012 - 31.03.2013
ASSETS EUR 6,622,772.64
Fixed assets EUR 220,020.00
Intangible assets EUR 23,269.00
Tangible assets EUR 149,981.00
Financial assets EUR 46,770.00
Other / unspecified financial assets
EUR 46,770.00
Current assets EUR 6,384,238.98
Stocks
EUR 3,034,921.00
Accounts receivable EUR 3,348,174.34
Liquid means EUR 1,143.64
Remaining other assets EUR 18,513.66
Accruals (assets) EUR 18,513.66
LIABILITIES EUR 6,622,772.64
Shareholders' equity EUR 2,207,844.27
Capital EUR 25,600.00
Subscribed capital (share capital) EUR 25,600.00
Balance sheet profit/loss (+/-) EUR 2,182,244.27
Profit / loss brought forward EUR 1,898,872.81
Annual surplus / annual deficit EUR 283,371.46
Provisions EUR 262,918.39
Liabilities
EUR 4,152,009.98
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 64.92 |
|
|
1 |
Rs. 101.44 |
|
Euro |
1 |
Rs. 72.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TRU |
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.