|
Report No. : |
355755 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
FRITZ WINTER EISENGIESSEREI GMBH &
CO. KG |
|
|
|
|
Registered Office : |
Albert-Schweitzer-Str. 15, D 35260
Stadtallendorf, Post Box: 14 60 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.12.1950 |
|
|
|
|
Com. Reg. No.: |
HRA 3001 |
|
|
|
|
Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
|
|
|
|
Line of Business : |
Manufacture of Other Parts and
Accessories For Motor Vehicles |
|
|
|
|
No. of Employees : |
3,691 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
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 5.2% 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 |
FRITZ WINTER EISENGIESSEREI GMBH & CO.
KG
Company Status: active
Albert-Schweitzer-Str. 15
D 35260 Stadtallendorf
Post Box:
14 60
Telephone:06428/780
Telefax:
06428/786211
Homepage: www.fritzwinter.de
E-mail:
sales@fritzwinter.de
VAT
no.: DE113354469
Business
relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as
general partner
Date of foundation: 01.12.1950
Begin of business
activities: 01.12.1950
Registered on: 07.04.1951
Register of
companies: Local court 35037 Marburg
under: HRA 3001
Total cap. contribution: EUR 85,750,000.00
Limited partner:
CAM Eisenholding GmbH
& Co. KG
Albert-Schweitzer-Str. 15
D 35260 Stadtallendorf
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 500.00
contribution:
Share: EUR 56,875,000.00
Registered on: 04.12.2015
Reg. data: 35037 Marburg,
HRA 4867
Limited partner:
Heinrich Winter
USA - Milwaukee
born: 11.01.1944
Share: EUR 28,875,000.00
General partner:
C. + H. Winter GmbH
Albert-Schweitzer-Str. 15
D 35260 Stadtallendorf
Legal form: Private
limited company
Share capital: EUR 511,291.88
Registered on: 20.08.1968
Reg. data: 35037 Marburg,
HRB 3401
Shareholder:
CAM Eisenholding GmbH
& Co. KG
Albert-Schweitzer-Str. 15
D 35260 Stadtallendorf
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 500.00
contribution:
Share: EUR 409,033.50
Registered on: 04.12.2015
Reg. data: 35037 Marburg,
HRA 4867
Shareholder:
Heinrich Winter
USA - Milwaukee
born: 11.01.1944
Share: EUR 102,258.38
Manager:
Gunter Barnstorff
D 35260 Stadtallendorf
authorized to jointly
represent the company
born: 12.02.1959
Manager:
Jörg Rumikewitz
D 35287 Amöneburg
authorized to jointly
represent the company
born: 20.02.1970
President of the Supervisory Board:
Dr.-Ing. Wolfram Mörsdorf
D 45127 Essen
Marital status: unknown
Member of the Supervisory Board:
Helmut Pracht
Diakonissenstr. 8
D 35232 Dautphetal
Profession: Manager
Member of the Supervisory Board:
Christian Winter
D 35274 Kirchhain
born: 11.09.1951
Member of the Supervisory Board:
Johannes-Jürgen Albus
Am Hermannshof 13
D 50996 Köln
born: 04.01.1959
Member of the Supervisory Board:
Henrik Winter
D 35260 Stadtallendorf
Profession: graduate
engineer
Member
of the Supervisory Board:
Bertin Eichler
D 97461 Hofheim
Marital status: unknown
Representative of the Employees within the
Supervisory Board:
Ernst Stehl
D 35260
Stadtallendorf
Representative of the Employees within the
Supervisory Board:
Manfred Müller
Am Homberg 11
D 35274 Kirchhain
born: 20.08.1961
Representative
of the Employees within the Supervisory Board:
Otto Kotke
Niederrheinische Str. 16
D 35260 Stadtallendorf
Representative of the Employees within the
Supervisory Board:
Jörg Köhlinger
D 60306 Frankfurt
Representative of the Employees within the
Supervisory Board:
Metin Bal
D 35260 Stadtallendorf
Representative of the Employees within the Supervisory
Board:
Stefan Sachs
D 61200 Wölfersheim
Proxy:
Ulrich Pilz
Im Froschwasser 27
D 35260 Stadtallendorf
authorized to jointly
represent the company
Profession: Hotel manager
Proxy:
Wilfried Wolf
D 35274 Kirchhain
authorized to jointly
represent the company
born: 04.05.1957
Proxy:
Reiner Becker
D 35466 Rabenau
authorized to jointly
represent the company
born: 28.01.1957
Profession: Authorized
signatary
Marital status: unknown
Proxy:
Gunter Barnstorff
D 35260 Stadtallendorf
authorized to jointly
represent the company
born: 12.02.1959
Proxy:
Jörg Rumikewitz
D 35287 Amöneburg
authorized to jointly
represent the company
born: 20.02.1970
Proxy:
Jürgen Gemmerich
D 35274 Kirchhain
authorized to jointly
represent the company
born: 19.09.1957
Proxy:
Manfred Müller
Am Homberg 11
D 35274 Kirchhain
authorized to jointly
represent the company
born: 20.08.1961
Proxy:
Udo Weißbach
D 35274 Kirchhain
authorized to jointly
represent the company
born: 05.03.1957
Proxy:
Andreas Fiedler
D 35037 Marburg
authorized to jointly
represent the company
born: 18.05.1963
Proxy:
Uwe Weiß
D 35260 Stadtallendorf
authorized to jointly
represent the company
born: 07.03.1956
Proxy:
Michael Krebs
D 47441 Moers
authorized to jointly
represent the company
born: 02.04.1964
Proxy:
Thomas Wentzel
D 53840 Troisdorf
authorized to jointly
represent the company
born: 02.01.1966
Proxy:
Dr. Rainald Dobbener
D 35315 Homberg
authorized to jointly
represent the company
born: 29.12.1964
Proxy:
Dr. Ingo Cassack
D 01099 Dresden
authorized to jointly
represent the company
born: 27.03.1976
Proxy:
Torsten Hinkelmann
D 35288 Wohratal
authorized to jointly
represent the company
born: 26.05.1972
01.12.1950 - 1993 Fritz Winter Eisengießerei OHG
Albert-Schweitzer-Str.
D 35260
Stadtallendorf
General Partnership
Main industrial sector
29320
Manufacture of other parts and accessories for motor vehicles
Branch:
Fritz Winter
Eisengießerei GmbH & Co. KG
Schillerstr. 1
D 35260 Stadtallendorf
TEL.: 06428-708-0
FAX.: 06428-708-259
Branch:
Fritz Winter
Eisengießerei GmbH & Co. KG
Bürgelweg 1
D 35321 Laubach
TEL.: 06405/828-0
FAX.: 06405/3627
PARTICIPATIONS
Shareholder:
HIM GmbH
Waldstr. 11
D 64584 Biebesheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR
29,616,582.22
Share: EUR 38,346.89
Reg. data: 01.06.2006
Local court
64283 Darmstadt
HRB 55362
Payment experience: within agreed terms
Negative
information: We have no negative information at hand.
Balance sheet year: 2014
PMI: No significant / relevant
payment experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
Type of ownership: proprietor
Share: 100.00 %
Address Albert-Schweitzer-Str. 15
D 35260 Stadtallendorf
Real Estate of: C. + H. Winter GmbH
Type of ownership: Tenant
Address Albert-Schweitzer-Str. 15
D 35260 Stadtallendorf
Real Estate of: C. + H. Winter GmbH
Type of ownership: proprietor
Share: 100.00 %
Address Schillerstr. 1
D 35260 Stadtallendorf
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 35251
STADTALLENDORF
Sort. code: 53381843
BIC: DRESDEFF568
Further banks
VOLKSBANK MITTELHESSEN, 35252 STADTALLENDORF
Sort. code: 51390000
BIC: VBMHDE5FXXX
COMMERZBANK, 35348 GIEßEN, LAHN
Sort. code: 51340013
BIC: COBADEFFXXX
COMMERZBANK VORMALS DRESDNER BANK, 35332
GIEßEN, LAHN
Sort. code: 51380040
BIC: DRESDEFF513
DZ
BANK, 60265 FRANKFURT AM MAIN
Sort. code: 50060400
BIC: GENODEFFXXX
SPARKASSE MARBURG-BIEDENKOPF, 35009 MARBURG
Sort. code: 53350000
BIC: HELADEF1MAR
LANDESBANK HESSEN-THÜR GIROZENTRALE, 60297
FRANKFURT AM MAIN
Sort.
code: 50050000
BIC: HELADEFFXXX
SOCIETE GENERALE, 60311 FRANKFURT AM MAIN
Sort. code: 51210800
BIC: SOGEDEFFXXX
Turnover: 2013 EUR 683,325,728.00
2014 EUR 683,434,498.00
Profit: 2013 EUR 29,075,510.00
2014 EUR 18,517,182.00
further business figures:
Equipment: EUR 9,559,445.00
Ac/ts receivable: EUR 58,654,565.00
Liabilities: EUR 141,809,892.00
Employees:
3,691
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 49.70
Liquidity ratio: 10.00
Return on total capital [%]: 8.10
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 52.60
Liquidity ratio: 10.00
Return
on total capital [%]: 10.64
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 50.88
Liquidity ratio: 4.71
Return on total capital [%]: 13.40
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 44.81
Liquidity ratio: 3.75
Return on total capital [%]: 13.70
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
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 300,449,576.28
Fixed assets
EUR 108,323,313.18
Intangible assets
EUR 9,572,356.48
Concessions, licences, rights
EUR 4,233,747.37
Advance payments for intang. assets
EUR 5,338,609.11
Tangible assets
EUR 98,709,149.65
Land / similar rights
EUR 56,097,157.16
Plant / machinery
EUR 29,012,051.00
Other tangible assets / fixtures and
fittings
EUR 9,559,445.40
Advance payments made / construction
in progress
EUR 4,040,496.09
Financial assets
EUR 41,807.05
Shares in participations /
subsidiaries and the like
EUR 38,346.89
Shares in investee companies
EUR 38,346.89
Other loans
EUR 3,460.16
Current assets
EUR 191,913,715.90
Stocks
EUR 51,229,855.07
Raw materials, consumables and
supplies
EUR 16,613,968.23
Finished goods / work in progress
EUR 34,615,886.84
Accounts receivable
EUR 58,654,564.96
Trade debtors
EUR 50,654,960.99
Other debtors and assets
EUR 7,999,603.97
Liquid means
EUR 82,029,295.87
Remaining other assets
EUR 212,547.20
Accruals (assets)
EUR 212,547.20
LIABILITIES EUR
300,449,576.28
Shareholders' equity
EUR 82,500,000.00
Capital
EUR 82,500,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 82,500,000.00
Provisions
EUR 76,139,684.11
Pension provisions and comparable
provisions
EUR 51,650,186.00
Provisions for taxes
EUR 129,329.90
Other / unspecified provisions EUR 24,360,168.21
Liabilities
EUR 141,809,892.17
Financial debts
EUR 32,708,089.12
Liabilities due to banks
EUR 32,708,089.12
Other liabilities
EUR 109,101,803.05
Trade creditors (for IAS incl. bills
of exchange)
EUR 27,993,298.68
Liabilities from received advance
payments EUR 4,081,457.36
Liabilities due to shareholders
EUR 66,818,183.01
Unspecified other liabilities
EUR 10,208,864.00
thereof liabilities from tax /
financial authorities
EUR 4,158,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 683,434,497.85
Inventory change + own costs (+/-)
EUR -1,712,744.78
Inventory change (+/-) EUR -2,197,109.87
Capitalised own costs
EUR 484,365.09
Other operating income
EUR 4,380,483.75
Cost of materials
EUR 356,794,702.51
Raw materials and supplies, purchased
goods
EUR 347,850,484.28
Purchased services
EUR 8,944,218.23
Gross result (+/-)
EUR 329,307,534.31
Staff expenses EUR 188,755,821.77
Wages and salaries
EUR 156,755,319.03
Social security contributions and
expenses for pension plans and
benefits
EUR 32,000,502.74
Total depreciation
EUR 16,640,573.74
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 16,640,573.74
Other operating expenses
EUR 87,376,327.69
Operating result from continuing
operations
EUR 36,534,811.11
Interest result (+/-)
EUR -8,405,083.82
Interest and similar income
EUR 209,735.67
Interest
and similar expenses EUR 8,614,819.49
Financial result (+/-)
EUR -8,405,083.82
Result from ordinary operations (+/-)
EUR 28,129,727.29
Extraordinary expenses
EUR 5,810,480.00
Extraordinary result (+/-)
EUR -5,810,480.00
Income tax / refund of income tax (+/-)EUR -3,661,449.27
Other taxes / refund of taxes
EUR -140,615.72
Tax
(+/-)
EUR -3,802,064.99
Annual surplus / annual deficit
EUR 18,517,182.30
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: self-disclosure
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 278,193,098.24
Fixed assets
EUR 99,086,846.72
Intangible assets
EUR 9,271,208.46
Concessions, licences, rights
EUR 5,637,204.06
Advance payments for intang. assets
EUR 3,634,004.40
Tangible assets
EUR 89,773,831.21
Land / similar rights
EUR 51,183,505.16
Plant / machinery
EUR 26,989,516.00
Other tangible assets / fixtures and
fittings
EUR 8,283,768.00
Advance payments made / construction
in progress
EUR 3,317,042.05
Financial
assets EUR 41,807.05
Shares in participations /
subsidiaries and the like
EUR 38,346.89
Shares in investee companies
EUR 38,346.89
Other loans EUR 3,460.16
Current assets
EUR 178,335,942.31
Stocks
EUR 47,686,284.77
Raw materials, consumables and
supplies
EUR 10,873,288.06
Finished goods / work in progress
EUR 36,812,996.71
Accounts receivable
EUR 73,034,468.82
Trade debtors
EUR 59,810,966.13
Other debtors and assets EUR 13,223,502.69
Liquid means
EUR 57,615,188.72
Remaining other assets
EUR 770,309.21
Accruals (assets)
EUR 770,309.21
LIABILITIES EUR 278,193,098.24
Shareholders' equity
EUR 82,500,000.00
Capital
EUR 82,500,000.00
Limited partner's capital / capital
of partially liable partner (LP) EUR
82,500,000.00
Limited partner's capital, fixed
capital, capital account I
EUR 82,500,000.00
Provisions
EUR 68,414,756.11
Pension provisions and comparable
provisions EUR 42,234,097.00
Provisions for taxes
EUR 349,138.00
Other / unspecified provisions
EUR 25,831,521.11
Liabilities
EUR 127,278,342.13
Financial
debts EUR 23,046,808.72
Liabilities due to banks
EUR 23,046,808.72
Other liabilities
EUR 104,231,533.41
Trade creditors (for IAS incl. bills
of exchange) EUR 27,453,374.18
Liabilities from received advance
payments
EUR 2,479,205.97
Liabilities due to shareholders
EUR 63,826,343.18
Unspecified other liabilities EUR 10,472,610.08
thereof liabilities from tax /
financial authorities
EUR 4,522,082.92
thereof liabilities from social
security
EUR 285,110.57
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 683,325,728.37
Inventory change + own costs (+/-)
EUR 1,742,990.75
Inventory change (+/-)
EUR 1,429,606.41
Capitalised own costs
EUR 313,384.34
Other operating income
EUR 6,926,001.69
Cost of materials
EUR 367,660,936.44
Raw materials and supplies, purchased
goods
EUR 361,076,304.71
Purchased services
EUR 6,584,631.73
Gross result (+/-)
EUR 324,333,784.37
Staff expenses
EUR 182,609,620.21
Wages and salaries
EUR 151,584,136.20
Social security contributions and
expenses for pension plans and
benefits
EUR 31,025,484.01
Total depreciation EUR
16,584,576.06
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 16,584,576.06
Other operating expenses
EUR 83,945,685.78
Operating result from continuing
operations
EUR 41,193,902.32
Interest result (+/-)
EUR -6,440,525.26
Interest and similar income
EUR 283,142.87
Interest and similar expenses
EUR 6,723,668.13
Financial result (+/-)
EUR -6,440,525.26
Result from ordinary operations (+/-)
EUR 34,753,377.06
Extraordinary expenses
EUR 528,225.00
Extraordinary result (+/-)
EUR -528,225.00
Income tax / refund of income tax (+/-)EUR -4,631,267.58
Other taxes / refund of taxes
EUR -518,374.78
Tax
(+/-)
EUR -5,149,642.36
Annual surplus / annual deficit
EUR 29,075,509.70
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.30 |
|
|
1 |
Rs.98.70 |
|
Euro |
1 |
Rs.72.33 |
|
EUR |
1 |
Rs.72.39 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.