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Report No. : |
330340 |
|
Report Date : |
04.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
WEBER & HEUSSER GMBH & CO. KG |
|
|
|
|
Registered Office : |
Lauterbachstr. 19, D 72459 Albstadt |
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|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
1932 |
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|
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Com. Reg. No.: |
HRA 400443 |
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|
|
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Legal Form : |
Ltd
partnership with priv. ltd. company as general partner |
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|
|
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Line of Business : |
Manufacture of cordage, rope, twine and netting |
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|
|
No. of Employees : |
24 |
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 |
Weber
& Heusser GmbH & Co. KG
Lauterbachstr.
19
D 72459
Albstadt
Telephone:07431/9584-0
Telefax: 07431/9584-11
Homepage:
www.weberheusser-yarns.com
E-mail: wh@weberheusser-yarns.com
Active
DE144835686
53090/13116
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 1932
Registered on: 27.02.1970
Register of
companies: Local
court 70190 Stuttgart
under: HRA
400443
Total cap. contribution: EUR 1,000,000.00
Limited partner:
UFW Vermögensverwaltungs-
und
Beteiligungsgesellschaft mbH
Lauterbachstr. 19
D 72459 Albstadt
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 520,000.00
Registered on: 06.11.2006
Reg. data: 70190
Stuttgart, HRB 411458
Limited partner:
MM Vermögensverwaltungs-
und
Beteiligungsgesellschaft
mbH
Lauterbachstr. 19
D 72459 Albstadt
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 300,000.00
Registered on: 23.09.2002
Reg. data: 70190
Stuttgart, HRB 401313
Limited partner:
Diethard Weber
D 79098 Freiburg
born: 25.05.1971
Share: EUR 90,000.00
Limited partner:
Christine Weber
Memmingerstr. 18/1
D 72072 Tübingen
born: 17.04.1969
Share: EUR 90,000.00
General partner:
WH Weber & Heusser
Verwaltungs- und
Beteiligungs-GmbH
Lauterbachstr. 19
D 72459 Albstadt
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered on: 12.02.1981
Reg. data: 70190
Stuttgart, HRB 400421
Shareholder:
Ulrich Weber
Lüderitzstr. 13
D 72458 Albstadt
born: 11.12.1939
Share: EUR 26,000.00
Manager:
Ulrich Weber
Lüderitzstr. 13
D 72458 Albstadt
born: 11.12.1939
Profession: Fully
qualified merchant
Marital status: married
Manager:
Mark Metzger
D 72458 Albstadt
born: 13.07.1968
Proxy:
Klaus Pflumm
Vor der Halde 7
D 72415 Grosselfingen
having sole power of representation
born: 05.03.1961
Proxy:
Claudius Metzger
D 72459 Albstadt
having sole power of
representation
born: 19.05.1970
01.01.1932 - 26.02.1970 Fritz
Weber
D 72458 Albstadt
Unregistered commercial
enterprise
27.02.1970 - 1970 Weber
& Heusser GmbH & Co. KG
Lauterbachstr.
19
D 72459 Albstadt
Ltd partnership with priv.
ltd. company
as general partner
Main industrial sector
1394 Manufacture of cordage, rope, twine and
netting
1399 Manufacture of other textiles n.e.c.
46760 Wholesale of other intermediate goods
Payment
experience: within agreed terms
Negative information: We have no negative information at hand.
PMI: No significant / relevant payment experience
information pertaining to the company
inquired upon is shown in the Deutscher
Debitoren Monitor (DDMonitor).
Balance
sheet year: 2013
Type of ownership: Tenant
Address Lauterbachstr.
19
D 72459 Albstadt
Real Estate of: WH
Weber & Heusser Verwaltungs- und
Beteiligungs-GmbH
Type of ownership: Tenant
Address Lauterbachstr.
19
D 72459 Albstadt
Real Estate of: UFW
Vermögensverwaltungs- und
Beteiligungsgesellschaft mbH
Type of ownership: Tenant
Address Lauterbachstr.
19
D 72459 Albstadt
Real Estate of: MM
Vermögensverwaltungs- und
Beteiligungsgesellschaft mbH
Type of ownership: Tenant
Address Lauterbachstr.
19
D 72459 Albstadt
Land register documents were not available.
Principal bank
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 4760016
BIC: SOLADEST600, IBAN: DE66600501010004760016
Further banks
SPARKASSE ZOLLERNALB, 72439 ALBSTADT, WÜRTT
Sort. code: 65351260, Account no.: 62402756
BIC: SOLADES1BAL, IBAN: DE60653512600062402756
COMMERZBANK VORMALS DRESDNER BANK, 72421
ALBSTADT, WÜRTT
Sort. code: 65380003
BIC: DRESDEFF653
VOLKSBANK ALBSTADT, 72424 ALBSTADT, WÜRTT
Sort. code: 65390120, Account no.: 12819000
BIC: GENODES1EBI, IBAN: DE30653901200012819000
INTERNATIONALES BANKHAUS BODENSEE, 88045
FRIEDRICHSHAFEN
Sort. code: 65110200, Account no.: 1608728009
BIC: IBBFDE81XXX, IBAN: DE93651102001608728009
POSTBANK, 70148 STUTTGART
Sort. code: 60010070, Account no.: 26686701
BIC: PBNKDEFFXXX, IBAN: DE42600100700026686701
Turnover: 2014 EUR 52,000,000.00
Profit: 2013 EUR 689,253.00
further business figures:
Equipment: *EUR 176,000.00
Ac/ts receivable: EUR 4,034,338.00
Liabilities: EUR 11,947,795.00
Employees:
24
- thereof permanent
staff:
18
- Part-time employees: 4
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 [%]: 17.54
Liquidity ratio: 0.34
Return on total capital [%]: 4.48
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 34.92
Liquidity ratio: 0.56
Return on total capital [%]: 2.33
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 30.19
Liquidity ratio: 0.40
Return on total capital [%]: 2.73
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 35.51
Liquidity ratio: 0.85
Return on total capital [%]: 12.52
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.
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.
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 15,371,945.14
Fixed assets EUR 93,343.00
Tangible assets EUR 92,793.00
Financial assets EUR 550.00
Current assets EUR 15,228,178.14
Stocks EUR
11,066,957.21
Accounts receivable EUR 4,034,337.63
Liquid means EUR 126,883.30
Remaining other
assets EUR 50,424.00
Accruals (assets) EUR 50,424.00
LIABILITIES EUR 15,371,945.14
Shareholders' equity EUR 2,695,971.32
Capital EUR 1,000,000.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 1,000,000.00
Reserves EUR 1,695,971.32
Items between
shareholders' equity and
debt capital EUR 475,000.00
Mezzanine financing EUR 475,000.00
Contributions of silent
partners EUR 475,000.00
Provisions EUR 253,179.00
Liabilities EUR 11,947,794.82
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 7,662,067.89
Staff expenses EUR 1,742,263.53
Wages and salaries EUR 1,539,571.13
Social security
contributions and
expenses for pension
plans and
benefits EUR 202,692.40
Total depreciation EUR 21,534.65
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 21,534.65
Other operating
expenses EUR 4,402,134.41
Operating result from
continuing
operations EUR 1,496,135.30
Interest result (+/-) EUR -672,966.13
Interest and similar
income EUR 35,064.85
Interest and similar
expenses EUR 708,030.98
Financial result
(+/-) EUR -672,966.13
Result from ordinary
operations (+/-) EUR 823,169.17
Income tax / refund of
income tax (+/-)EUR -130,959.16
Other taxes / refund of
taxes EUR -2,957.00
Tax (+/-) EUR -133,916.16
Annual surplus / annual
deficit EUR 689,253.01
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 15,493,120.14
Fixed assets EUR 78,511.00
Tangible assets EUR 77,961.00
Other / unspecified
tangible assets EUR 77,961.00
Financial assets EUR 550.00
Other / unspecified
financial assets EUR
550.00
Current assets EUR 15,369,324.14
Stocks EUR 10,038,888.02
Accounts receivable EUR 5,186,281.56
Other debtors and
assets EUR 5,186,281.56
Liquid means EUR 144,154.56
Remaining other
assets EUR 45,285.00
Accruals (assets) EUR 45,285.00
LIABILITIES EUR 15,493,120.14
Shareholders' equity EUR 2,695,971.32
Capital EUR 1,000,000.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 1,000,000.00
Reserves EUR 1,695,971.32
Items between
shareholders' equity and
debt capital EUR 500,000.00
Mezzanine financing EUR 500,000.00
Contributions of silent
partners EUR 500,000.00
Provisions EUR 218,766.96
Liabilities EUR 12,078,381.86
Other liabilities EUR 12,078,381.86
Unspecified other
liabilities EUR 12,078,381.86
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code (HGB)
Gross result (+/-) EUR 7,255,020.07
Staff expenses EUR 1,665,738.39
Wages and salaries EUR 1,457,612.10
Social security
contributions and
expenses for pension
plans and
benefits EUR 208,126.29
Total depreciation EUR 39,998.73
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 39,998.73
Other operating
expenses EUR 4,595,766.02
Operating result from
continuing
operations EUR 953,516.93
Interest result (+/-) EUR -522,124.16
Interest and similar
income EUR 30,760.55
Interest and similar
expenses EUR 552,884.71
Financial result
(+/-) EUR
-522,124.16
Result from ordinary
operations (+/-) EUR 431,392.77
Income tax / refund of
income tax (+/-)EUR -68,225.92
Other taxes / refund of
taxes EUR -2,841.50
Tax (+/-) EUR -71,067.42
Annual surplus / annual
deficit EUR 360,325.35
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.39 |
|
|
1 |
Rs. 98.94 |
|
Euro |
1 |
Rs. 70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
DPT |
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.