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Report No. : |
308932 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
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Name : |
GÜNTER WÜSTEMEYER GMBH |
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Registered Office : |
Siercker Str. 6 D 74638 Waldenburg |
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Country : |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
01.07.1984 |
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Com. Reg. No.: |
HRB 580484 |
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Legal Form : |
Private limited company |
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Line of Business : |
Agents involved in the sale of fuels, ores, metals and
industrial chemicals |
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No. of Employee : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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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 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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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, 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.
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Source
: CIA |
GÜNTER WÜSTEMEYER
GMBH
Company Status: active
Siercker Str. 6
D 74638 Waldenburg
Telephone:07942/2562
Telefax: 07942/8605
Homepage: www.wuestemeyer-rohstoffe.com
E-mail: info@wuestemeyer-rohstoffe.com
VAT no.: DE146283512
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 01.07.1984
Shareholders'
agreement: 21.09.1988
Registered on: 31.10.1988
Commercial Register: Local court 70190 Stuttgart
under: HRB 580484
EUR 25,564.59
Shareholder:
Günter
Wüstemeyer
Kiefernweg 8
D
74638 Waldenburg
born:
21.09.1946
Share: EUR 25,564.59
Manager:
Günter
Wüstemeyer
Kiefernweg 8
D
74638 Waldenburg
born:
21.09.1946
Profession: Chemist
Marital status: married
1988 - 1991 Günter Wüstemeyer GmbH
Kiefernweg 8
D
74638 Waldenburg
Private limited company
Main industrial sector
46120 Agents involved in the sale of fuels, ores,
metals and
industrial chemicals
Payment experience: within
periods customary in this trade
Negative information:We
have no negative information at hand.
Balance sheet year: 2011/2012
Type of ownership: Tenant
Address Siercker Str. 6
D
74638 Waldenburg
Real Estate of: Günter Wüstemeyer
Type of ownership: proprietor
Share: 100.00 %
Address Kiefernweg 8
D
74638 Waldenburg
Land register documents
were not available.
SPARKASSE HOHENLOHEKREIS,
74641 KÜNZELSAU
Sort. code: 62251550
BIC: SOLADES1KUN
Turnover: 2012/2013 *EUR 1,290,000.00
2013/2014 *EUR 1,290,000.00
further business figures:
Equipment: *EUR 27,000.00
Ac/ts receivable: EUR 178,779.00
Liabilities: EUR 370,406.00
Total numbers of vehicles: 3
-
Passenger cars: 2
Employees:
4
-
thereof permanent staff: 2
-
Part-time employees: 2
The business figures marked
with an asterisk are estimates based
on average values in the
line of business.
Balance sheet ratios
01.07.2011 - 30.06.2012
Equity ratio [%]: -26.23
Liquidity ratio: 0.45
Return on total capital
[%]: 20.86
Balance sheet ratios
01.07.2010 - 30.06.2011
Equity ratio [%]: -39.87
Liquidity ratio: 0.42
Return on total capital
[%]: 16.16
Balance sheet ratios
01.07.2009 - 30.06.2010
Equity ratio [%]: -80.54
Liquidity ratio: 0.27
Return on total capital
[%]: 12.25
Balance sheet ratios
01.07.2008 - 30.06.2009
Equity ratio [%]: -57.02
Return on total capital
[%]: 1.33
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: 01.07.2011 - 30.06.2012
ASSETS EUR 375,398.30
Fixed assets
EUR 13,936.00
Tangible assets
EUR 13,936.00
Other / unspecified tangible assets
EUR 13,936.00
Current assets
EUR 289,059.53
Stocks
EUR 110,281.00
Accounts receivable
EUR 178,778.53
Other debtors and assets
EUR 178,778.53
Remaining other assets
EUR 72,402.77
Accruals (assets)
EUR 1,050.00
Deficit not covered by shareholders'
equity
EUR 71,352.77
LIABILITIES EUR 375,398.30
Shareholders' equity
EUR 0.00
Capital
EUR 25,564.59
Subscribed capital (share capital)
EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR -96,917.36
Profit / loss brought forward
EUR -157,030.03
Annual
surplus / annual deficit EUR 60,112.67
Other shareholders' equity (+/-)
EUR 71,352.77
Deficit
not covered by shareholders'
equity
EUR 71,352.77
Provisions EUR 4,992.00
Liabilities
EUR 370,406.30
Other liabilities
EUR 370,406.30
Unspecified other liabilities
EUR 370,406.30
Type
of balance
sheet: Company balance sheet
Financial year: 01.07.2010 - 30.06.2011
ASSETS EUR 452,478.24
Fixed assets
EUR 678.00
Tangible assets
EUR 678.00
Other / unspecified tangible assets
EUR 678.00
Current assets
EUR 319,744.80
Stocks
EUR 126,716.00
Accounts receivable
EUR 193,028.80
Other debtors and assets
EUR 193,028.80
Remaining other assets
EUR 132,055.44
Accruals (assets)
EUR 590.00
Deficit not covered by shareholders'
equity
EUR 131,465.44
LIABILITIES EUR 452,478.24
Shareholders' equity
EUR 0.00
Capital EUR 25,564.59
Balance sheet profit/loss (+/-)
EUR -157,030.03
Profit / loss brought forward
EUR -206,467.12
Annual surplus / annual deficit
EUR 49,437.09
Other shareholders' equity (+/-)
EUR 131,465.44
Deficit not covered by shareholders'
equity
EUR 131,465.44
Provisions
EUR 3,000.00
Liabilities EUR 449,478.24
Other liabilities
EUR 449,478.24
Unspecified other liabilities
EUR 449,478.24
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
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Report Prepared
by : |
ANK |
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 |
|
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 |
|
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 |
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-- |
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.