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Report No. : |
329584 |
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Report Date : |
04.07.2015 |
IDENTIFICATION DETAILS
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Name : |
HEINZ WALZ GMBH |
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Registered Office : |
Maybachstr. 3, D 72793 Pfullingen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
26.04.1977 |
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Com. Reg. No.: |
HRB 350770 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Manufacture of machinery for textile,
apparel and leather production ·
Agents involved in the sale of
machinery, industrial equipment, shipsand aircraft ·
Wholesale of machinery for the textile
industry and of sewing and knitting machines ·
Wholesale of other machinery, equipment
and supplies |
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No. of Employees : |
26 |
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 : |
Slow but correct |
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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 |
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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, 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 |
HEINZ WALZ GMBH
Company Status: active
Maybachstr. 3
D 72793 Pfullingen
Telephone:07121/9298-0
Telefax:
07121/9298-60
Homepage: www.walz-gmbh.de
E-mail:
info@walz-gmbh.de
VAT
no.: DE146483801
Tax
ID number: 78092/70603
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 1977
Shareholders'
agreement: 28.01.1977
Registered on: 26.04.1977
Commercial Register: Local court 70190
Stuttgart
under: HRB 350770
Share capital: EUR
260,000.00
Shareholder:
Sylvia Walz
Roßbergweg 2
D 72793 Pfullingen
born: 28.06.1973
Share: EUR 208,000.00
Shareholder:
Markus Walz
Hirtenwiese 18
D 72805 Lichtenstein
born: 16.11.1966
Share: EUR 52,000.00
Manager:
Heinz Walz
Oberhaldenweg 38
D 72793 Pfullingen
born: 17.03.1938
Profession: Travelling
rep.
Marital status: married
Manager:
Sylvia Walz
Roßbergweg 2
D 72793 Pfullingen
having sole power of
representation
born: 28.06.1973
26.04.1977 - 11.02.2009 Heinz Walz
Textilmaschinen-Handelsgesellschaft mbH
Maybachstr. 3
D 72793 Pfullingen
Private limited
company
Sectors
28940
Manufacture of machinery for textile, apparel and leather production
4614
Agents involved in the sale of machinery, industrial equipment, shipsand
aircraft
46640
Wholesale of machinery for the textile industry and of sewing and
knitting machines
4669
Wholesale of other machinery, equipment and supplies
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: Tenant
Address Maybachstr. 3
D 72793
Pfullingen
Real Estate of: Heinz Walz
Type of ownership: part owner
Share: 50.00 %
Address Oberhaldenweg 38
D 72793 Pfullingen
Type of real estate: Residential building
Value at selling price: EUR 511,000.00
Land register documents were not available.
Principal bank
VOLKSBANK REUTLINGEN FIL. PFULLINGEN, 72793
PFULLINGEN
Sort. code: 64090100, Account no.: 303555009
BIC: VBRTDE6RXXX, IBAN: DE93640901000303555009
Further banks
SÜDWESTBANK, 72715 REUTLINGEN
Sort. code: 60090700
BIC: SWBSDESSXXX
DEUTSCHE BANK, 72704 REUTLINGEN
Sort. code: 64070085, Account no.: 906446
BIC: DEUTDESS640, IBAN: DE14640700850090644600
COMMERZBANK
VORMALS DRESDNER BANK, 72704 REUTLINGEN
Sort. code: 64080014
BIC: DRESDEFF640
Turnover: 2014 *EUR 4,073,500.00
Profit: 2013 EUR -366,965.00
further
business figures:
Equipment: *EUR 199,500.00
Ac/ts receivable: EUR
439,599.00
Liabilities: EUR 1,188,657.00
Employees: 26
-
Temporary workers:
1
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 [%]: -10.63
Liquidity ratio: 0.39
Return on total capital [%]: -26.12
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 37.51
Liquidity ratio: 1.09
Return on total capital [%]: 17.97
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 15.18
Liquidity ratio: 0.61
Return on total capital [%]: -25.14
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 28.74
Liquidity ratio: 0.93
Return on total capital [%]: -14.88
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 1,554,233.25
Fixed assets
EUR 46,798.00
Tangible assets
EUR 46,298.00
Financial assets
EUR 500.00
Other / unspecified financial assets EUR 500.00
Current assets
EUR 1,312,972.05
Stocks
EUR 819,780.65
Received advance payments for orders
(depreciated on the assets side)
EUR -19,320.00
Accounts receivable
EUR 439,599.39
Liquid means
EUR 53,592.01
Remaining other assets
EUR 194,463.20
Accruals (assets)
EUR 45,185.03
Deficit not covered by shareholders'
equity
EUR 149,278.17
LIABILITIES EUR 1,554,233.25
Shareholders' equity
EUR 0.00
Capital
EUR 260,000.00
Subscribed capital (share capital)
EUR 260,000.00
Reserves
EUR 500,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -909,278.17
Profit / loss brought forward
EUR -542,313.25
Annual surplus / annual deficit
EUR -366,964.92
Other shareholders' equity (+/-)
EUR 149,278.17
Deficit not covered by shareholders'
equity
EUR 149,278.17
Provisions
EUR 365,576.00
Liabilities
EUR 1,188,657.25
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 1,705,212.67
Fixed assets
EUR 52,516.50
Intangible assets
EUR 3.00
Other / unspecified intangible assetsEUR 3.00
Tangible assets
EUR 52,013.50
Other / unspecified tangible assets
EUR 52,013.50
Financial assets
EUR 500.00
Other / unspecified financial assets EUR 500.00
Current assets
EUR 1,640,586.01
Stocks
EUR 912,733.02
Other / unspecified stocks
EUR 912,733.02
Received advance payments for orders
(depreciated on the assets side)
EUR -121,131.39
Accounts receivable
EUR 484,858.54
Other debtors and assets
EUR 484,858.54
Liquid means
EUR 242,994.45
Remaining other assets
EUR 12,110.16
Accruals (assets)
EUR 12,110.16
LIABILITIES EUR 1,705,212.67
Shareholders' equity
EUR 217,686.75
Capital EUR 260,000.00
Subscribed capital (share capital)
EUR 260,000.00
Reserves
EUR 500,000.00
Retained earnings / revenue reserves EUR 500,000.00
Balance sheet profit/loss (+/-)
EUR -542,313.25
Profit / loss brought forward
EUR -848,696.32
Annual surplus / annual deficit
EUR 306,383.07
Provisions
EUR 379,227.00
Liabilities
EUR 1,108,298.92
Other liabilities
EUR 1,108,298.92
Unspecified other liabilities
EUR 1,108,298.92
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
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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 |
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<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.