|
Report No. : |
348838 |
|
Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
EWS WEIGELE GMBH & CO. KG |
|
|
|
|
Registered Office : |
Maybachstr. 1, D 73066 Uhingen, Post
Box: 1217, D 73063 Uhingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
1961 |
|
|
|
|
Com. Reg. No.: |
HRA 531658 |
|
|
|
|
Legal Form : |
Limited Partnership With Private Limited Company As General Partner |
|
|
|
|
Line of Business : |
· Manufacture of tools · Manufacture of metal forming machinery · Agents involved in the sale of machinery, industrial equipment, shipsand aircraft |
|
|
|
|
No. of Employees : |
279 |
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 – 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 |
EWS WEIGELE GMBH & CO. KG
Company Status: active
Maybachstr. 1
D 73066 Uhingen
Post Box:
1217, D 73063 Uhingen
Telephone:07161/9304010
Telefax: 07161/9304030
Homepage:
www.ews-tools.de
E-mail: info@ews-tools.de
VAT
no.: DE145339644
Business
relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd.
company as
general partner
Date of foundation: 1961
Registered on: 04.11.1986
Register of
companies: Local court 89073 Ulm
under: HRA 531658
Total cap. contribution: EUR 2,000,000.00
Limited partner:
Frank Weigele
Büchenbronner Str. 44/1
D 73061 Ebersbach
born: 17.05.1962
Share: EUR 1,000,000.00
Limited partner:
Matthias Weigele
D 73257 Köngen
born: 05.09.1964
Share: EUR 1,000,000.00
General partner:
Weigele GmbH
Maybachstr. 1
D 73066 Uhingen
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered on: 18.04.1996
Reg. data: 89073 Ulm, HRB
532538
Shareholder:
EWS Weigele GmbH &
Co. KG
Maybachstr. 1
D 73066 Uhingen
Post Box:
1217, D 73063 Uhingen
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 2,000,000.00
contribution:
Share: EUR 26,000.00
Registered on: 04.11.1986
Reg. data: 89073 Ulm, HRA
531658
Manager:
Gerhard Weigele
Kastellstr. 43
D 73257 Köngen
born: 08.08.1935
Profession: Businessman
Marital status: married
Manager:
Frank Weigele
Büchenbronner Str. 44/1
D 73061 Ebersbach
having sole power of
representation
born: 17.05.1962
Profession: Mechanical engineer
Manager:
Matthias Weigele
D 73257 Köngen
having sole power of
representation
born: 05.09.1964
Profession: Fully
qualified engineer
Proxy:
Hüseyin Sivaz
D 73257 Köngen
authorized to jointly
represent the company
born: 10.08.1977
Proxy:
Elke Weller
D 73066 Uhingen
authorized to jointly
represent the company
born: 15.05.1961
Further functions/participations of Weigele
GmbH (General
partner)
General partner:
EWS Verwaltungs GmbH
& Co. KG
Maybachstr. 1
D 73066 Uhingen
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 300,000.00
contribution:
Registered
on: 24.10.2006
Reg. data: 89073 Ulm, HRA 720139
1961 - 03.11.1986 Gerhard Weigele und Karl Weigele
D 73257 Köngen
Partnership under the
Civil Code
04.11.1986 - 13.02.1995 EWS Werkzeugfabrik G. und K. Weigele
GmbH & Co. KG
Küferstr. 11
D 73257 Köngen
Ltd partnership with
priv. ltd. company
as general partner
14.02.1995 - 31.12.1999 EWS Werkzeugfabrik Weigele GmbH & Co. KG
Siemensstr. 18
D 73066 Uhingen
Ltd partnership with
priv. ltd. company
as general partner
01.01.2000 - 16.02.2007 EWS Werkzeugfabrik Weigele GmbH & Co. KG
Maybachstr. 1
D 73066 Uhingen
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
2573
Manufacture of tools
28410
Manufacture of metal forming machinery
Secondary industrial sector
4614
Agents involved in the sale of machinery, industrial equipment, shipsand
aircraft
Shareholder:
Weigele GmbH
Maybachstr. 1
D 73066 Uhingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 26,000.00
Share: EUR 26,000.00
Reg. data: 18.04.1996
Local court
89073 Ulm
HRB 532538
Shareholder:
FRISCH AUF! Göppingen
Management und
Marketing GmbH
Leonhard-Weiss-Str. 40
D 73037 Göppingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR
26,000.00
Share: EUR 1,300.00
Reg. data: 11.08.1993
Local court
89073 Ulm
HRB 532141
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: Tenant
Address Maybachstr. 1
D 73066 Uhingen
Land register documents were not available.
DEUTSCHE BANK, 73003 GÖPPINGEN
Sort. code: 61070078
BIC: DEUTDESS610
KREISSPARKASSE ESSLINGEN-NÜRTINGEN, 73702
ESSLINGEN AM NECKAR
Sort. code: 61150020
BIC: ESSLDE66XXX
KREISSPARKASSE
GÖPPINGEN, 73061 EBERSBACH AN DER FILS
Sort. code: 61050000
BIC: GOPSDE6GXXX
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101
BIC: SOLADEST600
Gross profit or loss:2013 EUR 19,021,490.00
2014 EUR 22,104,905.00
Profit: 2013 EUR 2,461,813.00
2014 EUR 4,570,952.00
further business figures:
Equipment: EUR 1,821,893.00
Ac/ts receivable: EUR 4,350,457.00
Liabilities: EUR 17,512,865.00
Employees: 279
-
thereof permanent staff: 171
-
Temporary workers: 80
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 75.93
Liquidity ratio: 3.30
Return on total capital [%]: 18.27
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 69.81
Liquidity ratio: 2.39
Return on total capital [%]: 14.11
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 66.81
Liquidity ratio: 2.47
Return on total capital [%]: 22.68
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 70.73
Liquidity ratio: 10.00
Return on total capital [%]: 24.73
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: electronic German Federal Gazette
Financial year: 01.01.2014 - 31.12.2014
ASSETS EUR 21,447,143.91
Fixed assets
EUR 4,077,186.78
Intangible assets
EUR 111,949.50
Goodwill
EUR 1.00
Other / unspecified intangible assetsEUR 111,948.50
Tangible assets
EUR 3,382,053.50
Land / similar rights
EUR 11,971.00
Plant / machinery
EUR 1,548,190.00
Other
tangible assets / fixtures and
fittings
EUR 1,821,892.50
Financial assets
EUR 583,183.78
Shares in participations /
subsidiaries and the like
EUR 543,183.78
Shares in investee companies
EUR 543,183.78
Other / unspecified financial assets EUR 40,000.00
Current assets
EUR 17,203,943.75
Stocks
EUR 5,365,125.10
Accounts receivable
EUR 4,350,457.30
Amounts due from investee companies
EUR 242,486.50
Other debtors and assets
EUR 4,107,970.80
Investments in current assets
EUR 5,573,865.72
Other investments
EUR 5,573,865.72
Liquid means
EUR 1,914,495.63
Remaining other assets
EUR 166,013.38
Accruals (assets)
EUR 120,471.38
Deferred taxes (assets)
EUR 45,542.00
LIABILITIES EUR 21,447,143.91
Shareholders' equity
EUR 2,015,648.00
Capital EUR 2,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 2,000,000.00
Reserves
EUR 15,648.00
Items between shareholders' equity and
debt capital
EUR 26,000.00
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 26,000.00
Provisions EUR 1,892,630.57
Liabilities
EUR 17,512,865.34
Financial debts
EUR 2,000,000.00
Liabilities due to banks
EUR 2,000,000.00
Other liabilities
EUR 15,512,865.34
Liabilities due to shareholders
EUR 14,280,283.89
Liabilities due to investee companiesEUR 25,529.30
Unspecified other liabilities
EUR 1,207,052.15
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 22,104,905.28
Staff expenses
EUR 10,260,495.56
Wages and salaries
EUR 8,377,196.35
Social security contributions and
expenses for pension plans and
benefits
EUR 1,883,299.21
Total depreciation
EUR 820,920.75
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 820,920.75
Other operating expenses
EUR 5,974,704.05
Operating result from continuing
operations EUR 5,048,784.92
Interest result (+/-)
EUR -137,035.01
Interest and similar income
EUR 144,297.11
Interest and similar expenses
EUR 281,332.12
Other financial result
EUR -29,594.00
Depreciation on financial assets and
marketable securities
EUR 29,594.00
Financial result (+/-)
EUR -166,629.01
Result from ordinary operations (+/-)
EUR 4,882,155.91
Extraordinary income
EUR 660,430.10
Extraordinary result (+/-)
EUR 660,430.10
Income tax / refund of income tax (+/-)EUR -901,203.58
Other taxes / refund of taxes
EUR -70,429.99
Tax
(+/-)
EUR -971,633.57
Annual surplus / annual deficit
EUR 4,570,952.44
Type
of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 17,713,195.77
Fixed assets
EUR 4,336,623.28
Intangible assets
EUR 97,660.50
Goodwill
EUR 1.00
Other / unspecified intangible assetsEUR 97,659.50
Tangible assets
EUR 3,386,655.00
Land / similar rights EUR 13,931.00
Plant / machinery
EUR 1,572,494.50
Other tangible assets / fixtures and
fittings
EUR 1,800,229.50
Financial assets
EUR 852,307.78
Shares in participations /
subsidiaries and the like
EUR 812,307.78
Shares in investee companies
EUR 812,307.78
Other
/ unspecified financial assets EUR
40,000.00
Current assets
EUR 13,121,088.52
Stocks
EUR 4,738,823.46
Accounts receivable
EUR 4,037,746.01
Amounts due from investee companies
EUR 213,246.41
Other debtors and assets
EUR 3,824,499.60
Investments in current assets
EUR 3,099,251.69
Other investments
EUR 3,099,251.69
Liquid means
EUR 1,245,267.36
Remaining other assets
EUR 255,483.97
Accruals (assets)
EUR 123,961.35
Deferred taxes (assets) EUR 131,522.62
LIABILITIES EUR 17,713,195.77
Shareholders' equity
EUR 2,015,648.00
Capital
EUR 2,000,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 2,000,000.00
Reserves
EUR 15,648.00
Items between shareholders' equity and
debt capital
EUR 26,000.00
Balancing items for capitalised own
shares in cos. acting as general
partners
EUR 26,000.00
Provisions
EUR 2,342,916.88
Liabilities
EUR 13,328,630.89
Financial debts
EUR 2,000,000.00
Liabilities due to banks
EUR 2,000,000.00
Other liabilities
EUR 11,328,630.89
Liabilities
due to shareholders EUR 10,390,519.78
Liabilities due to investee companiesEUR 20,268.80
Unspecified other liabilities
EUR 917,842.31
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 19,021,489.53
Staff expenses
EUR 9,260,802.95
Wages and salaries
EUR 7,559,375.40
Social security contributions and
expenses for pension plans and
benefits
EUR 1,701,427.55
Total depreciation
EUR 890,264.48
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 890,264.48
Other operating expenses
EUR 5,689,333.80
Operating result from continuing
operations
EUR 3,181,088.30
Interest result (+/-) EUR -160,520.25
Interest and similar income
EUR 148,005.43
Interest and similar expenses
EUR 308,525.68
Other financial result
EUR -10,707.07
Depreciation on financial assets and
marketable securities
EUR 10,707.07
Financial result (+/-)
EUR -171,227.32
Result from ordinary operations (+/-)
EUR 3,009,860.98
Extraordinary expenses EUR 19,655.00
Extraordinary result (+/-)
EUR -19,655.00
Income tax / refund of income tax (+/-)EUR -511,020.43
Other taxes / refund of taxes
EUR -17,372.47
Tax
(+/-) EUR -528,392.90
Annual surplus / annual deficit
EUR 2,461,813.08
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.