|
Report No. : |
297179.2 |
|
Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROTH + WEBER GMBH |
|
|
|
|
Registered Office : |
Betzdorfer Str. 1, D 57520
Niederdreisbach |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
23.12.1996 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Manufacture of computers and peripheral
equipment ·
Wholesale of electronic and telecommunications
equipment and parts ·
Other business support service
activities |
|
|
|
|
No. of Employees : |
134 |
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 |
|
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 – 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, 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 |
ROTH + WEBER GMBH
Company Status: active
Betzdorfer Str. 1
D 57520 Niederdreisbach
Telephone:02743/92170
Telefax: 02743/2018
Homepage: www.rowe.de
E-mail:
info@rowe.de
VAT
no.: DE812284008
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 23.12.1996
Shareholders'
agreement: 23.12.1996
Registered on: 28.04.1997
Commercial Register: Local court 56410
Montabaur
under: HRB 5580
Share capital: EUR 620,000.00
Shareholder:
Johannes Roth
Weberstr. 20
D 57518 Betzdorf
born: 02.04.1970
Share: EUR 620,000.00
Manager:
Johannes Roth
Weberstr. 20
D 57518 Betzdorf
having sole power of
representation
born: 02.04.1970
Profession: Lawyer
Manager:
Gerhard Bäcker
Struthweg 3
D 57578 Elkenroth
having sole power of
representation
born: 05.03.1952
Profession: Businessman
Proxy:
Manfred Licht
D 57612 Racksen
authorized to jointly
represent the company
born: 22.06.1963
Proxy:
Gerd Ermert
D 57586 Weitefeld
authorized to jointly
represent the company
born: 26.01.1967
Proxy:
Stephan Frisch
D 57586 Weitefeld
authorized to jointly
represent the company
born: 24.11.1980
Further functions/participations of Johannes
Roth (Manager)
Limited partner:
Roth + Weber
Vermögensverwaltungs GmbH &
Co.KG
Betzdorfer Str.
D 57520 Niederdreisbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 620,000.00
contribution:
Share: EUR 582,800.00
Registered
on: 17.10.1968
Reg. data: 56410 Montabaur, HRA 1730
Limited partner:
ROWE Technology GmbH
& Co.KG
Betzdorfer Str. 1
D 57520 Niederdreisbach
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 255,645.94
contribution:
Share: EUR 255,645.94
Registered
on: 31.01.1996
Reg. data: 56410 Montabaur, HRA 3653
Shareholder:
Meteor-Repro-Service GmbH
Betzdorfer
Str./Industriegelände
D 57520 Niederdreisbach
Legal form: Private
limited company
Share capital: EUR 153,387.56
Share: EUR 78,227.66
Registered
on: 10.04.1995
Reg. data: 56410 Montabaur, HRB 5082
Shareholder:
ROTH Verwaltungs GmbH
Betzdorfer Str.
D 57520 Niederdreisbach
Legal form: Private
limited company
Share capital: EUR 26,000.00
Share: EUR 25,740.00
Registered
on: 26.09.2006
Reg. data: 56410 Montabaur, HRB 5280
Shareholder:
ROWE Technology
Verwaltungs GmbH
Betzdorfer Str. 1
D 57520 Niederdreisbach
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 25,000.00
Registered
on: 25.05.2011
Reg. data: 56410 Montabaur, HRB 22625
Manager:
Meteor-Repro-Service GmbH
Betzdorfer
Str./Industriegelände
D 57520 Niederdreisbach
Legal form: Private
limited company
Share capital: EUR
153,387.56
Registered
on: 10.04.1995
Reg. data: 56410 Montabaur, HRB 5082
Manager:
ROTH Verwaltungs GmbH
Betzdorfer Str.
D 57520
Niederdreisbach
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 26.09.2006
Reg. data: 56410 Montabaur, HRB 5280
Manager:
ROWE Technology
Verwaltungs GmbH
Betzdorfer Str. 1
D 57520 Niederdreisbach
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 25.05.2011
Reg. data: 56410 Montabaur, HRB 22625
28.04.1997 - 08.12.2014 ROTH + WEBER GmbH
Betzdorfer Str.
D 57520
Niederdreisbach
Private limited
company
Main industrial sector
26200
Manufacture of computers and peripheral equipment
46520
Wholesale of electronic and telecommunications equipment and parts
8299
Other business support service activities n. e. c.
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Betzdorfer Str. 1
D 57520 Niederdreisbach
Land register documents were not available.
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, 57003
SIEGEN
Sort. code: 46080010
BIC: DRESDEFF460
Further banks
COMMERZBANK, 57002 SIEGEN
Sort. code: 46040033
BIC: COBADEFFXXX
DEUTSCHE BANK, 57069 SIEGEN
Sort. code: 46070090
BIC: DEUTDEDK460
VOLKSBANK DAADEN, 57567 DAADEN
Sort. code: 57391200
BIC: GENODE51DAA
Gross profit or loss:2012 EUR 11,787,119.00
2013 EUR 11,000,000.00
Profit: 2012 EUR
1,884,394.00
further business figures:
Ac/ts receivable: EUR 2,066,443.00
Liabilities: EUR 981,866.00
Employees:
134
-
thereof permanent staff: 118
-
Part-time employees: 7
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 83.46
Liquidity ratio: 10.00
Return on total capital [%]: 14.18
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 82.57
Liquidity ratio: 10.00
Return on total capital [%]: 14.87
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 79.13
Liquidity ratio: 10.00
Return on total capital [%]: 17.42
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 71.17
Liquidity ratio: 10.00
Return on total capital [%]: 17.28
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 13,289,224.02
Fixed assets
EUR 1,768,853.61
Intangible assets
EUR 4,276.84
Tangible assets EUR 1,764,446.77
Financial assets
EUR 130.00
Current assets
EUR 11,507,643.66
Stocks
EUR 3,011,737.47
Accounts receivable
EUR 2,066,442.55
Investments in current assets
EUR 4,374,636.50
Liquid means
EUR 2,054,827.14
Remaining other assets
EUR 12,726.75
Accruals (assets)
EUR 11,359.75
Deferred taxes (assets)
EUR 1,367.00
LIABILITIES EUR 13,289,224.02
Shareholders' equity
EUR 11,092,347.46
Capital
EUR 620,000.00
Subscribed capital (share capital)
EUR 620,000.00
Balance sheet profit/loss (+/-)
EUR 10,472,347.46
Balance sheet profit / loss
EUR 10,472,347.46
Provisions
EUR 1,175,574.26
Liabilities
EUR 981,866.30
Other liabilities
EUR 981,866.30
Trade creditors (for IAS incl. bills
of exchange)
EUR 338,068.95
Liabilities from received advance
payments
EUR 162,029.40
Unspecified other liabilities
EUR 481,767.95
thereof
liabilities from tax /
financial authorities
EUR 119,764.47
thereof liabilities from social
security
EUR 6,436.71
Other liabilities
EUR 39,436.00
Deferrals (liabilities)
EUR 39,436.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 11,787,119.36
Staff expenses EUR 6,270,962.61
Wages and salaries
EUR 5,329,271.12
Social security contributions and
expenses for pension plans and
benefits
EUR 941,691.49
Total depreciation
EUR 757,571.68
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 757,571.68
Other operating expenses
EUR 2,117,246.10
Operating result from continuing
operations
EUR 2,641,338.97
Interest result (+/-)
EUR 27,867.54
Interest and similar income
EUR 38,564.84
Interest and similar expenses
EUR 10,697.30
Other financial result
EUR 5,364.56
Income from securities and loans from
financial assets
EUR 222,552.86
Depreciation on financial assets and
marketable securities
EUR 217,188.30
Financial result (+/-)
EUR 33,232.10
Result from ordinary operations (+/-)
EUR 2,674,571.07
Income tax / refund of income tax (+/-)EUR -782,418.66
Other taxes / refund of taxes
EUR -7,758.27
Tax
(+/-)
EUR -790,176.93
Annual surplus / annual deficit
EUR 1,884,394.14
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 11,150,076.91
Fixed assets
EUR 1,937,287.94
Intangible assets EUR 10,437.96
Tangible assets
EUR 1,926,719.98
Financial assets
EUR 130.00
Other / unspecified financial assets EUR 130.00
Current assets EUR 9,196,236.20
Stocks
EUR 2,529,013.59
Accounts receivable
EUR 1,756,706.67
Investments in current assets
EUR 2,446,192.87
Liquid means
EUR 2,464,323.07
Remaining other assets
EUR 16,552.77
Accruals (assets)
EUR 15,422.77
Deferred taxes (assets)
EUR 1,130.00
LIABILITIES EUR 11,150,076.91
Shareholders' equity
EUR 9,207,953.32
Capital
EUR 620,000.00
Subscribed capital (share capital)
EUR 620,000.00
Balance sheet profit/loss (+/-)
EUR 8,587,953.32
Balance sheet profit / loss
EUR 8,587,953.32
Provisions
EUR 1,000,259.50
Liabilities
EUR 913,872.09
Other liabilities
EUR 27,992.00
Deferrals (liabilities)
EUR 27,992.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 11,348,161.67
Staff expenses
EUR 6,108,042.84
Wages and salaries
EUR 5,188,770.40
Social security contributions and
expenses for pension plans and
benefits EUR 919,272.44
Total depreciation
EUR 753,368.89
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 753,368.89
Other operating expenses
EUR 2,239,470.44
Operating result from continuing
operations
EUR 2,247,279.50
Interest result (+/-)
EUR 35,089.10
Interest and similar income
EUR 36,467.60
Interest and similar expenses
EUR 1,378.50
Other financial result
EUR 48,780.47
Income from securities and loans from
financial assets
EUR 54,652.04
Depreciation on financial assets and
marketable securities
EUR 5,871.57
Financial result (+/-)
EUR 83,869.57
Result from ordinary operations (+/-)
EUR 2,331,149.07
Income tax / refund of income tax (+/-)EUR -665,714.10
Other taxes / refund of taxes
EUR -8,597.27
Tax
(+/-)
EUR -674,311.37
Annual surplus / annual deficit
EUR 1,656,837.70
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.95.77 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.