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Report No. : |
292775.2 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MÖLLER-WEDEL GMBH & CO. KG |
|
|
|
|
Registered Office : |
Rosengarten 10 D 22880 Wedel |
|
|
|
|
Country : |
Germany |
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|
|
|
Financials (as on) : |
31.12.2014 |
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|
|
|
Date of Incorporation : |
04.09.2012 |
|
|
|
|
Com. Reg. No.: |
HRA 6776 PI |
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|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company as general partner |
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|
Line of Business : |
·
Manufacture of optical instruments and
photographic equipment
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|
|
|
No. of Employee : |
111 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
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 |
MÖLLER-WEDEL
GMBH & CO. KG
In the meantime there have been changes in
particular in the
following areas subject to monitoring:
-
Financial information
- Solvency Rating
-
Balance sheets
Company Status: active
Rosengarten 10
D 22880 Wedel
Telephone:04103/70901
Telefax: 04103/709355
Homepage: www.moeller-wedel.com
E-mail: sales@moeller-wedel.com
Trade name: HS-MÖLLER-WEDEL INTERNATIONAL
Business relations are permissible.
LEGAL FORM Ltd partnership with priv. ltd. company as
general partner
Date
of foundation: 04.09.2012
Begin of business
activities: 04.09.2012
Registered on: 04.09.2012
Register of
companies: Local
court 25421 Pinneberg
under: HRA
6776 PI
EUR
6,638,000.00
Limited partner:
Möller-Wedel
Beteiligungen GmbH
Rosengarten 10
D 22880 Wedel
Post Box:
12 55
Legal form: Private
limited company
Share capital: EUR 1,503,658.30
Share: EUR 6,638,000.00
Registered on: 15.12.1925
Reg. data: 25421
Pinneberg, HRB 1569 PI
General partner:
Möller-Wedel Verwaltung
GmbH
Rosengarten 10
D 22880 Wedel
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered on: 22.08.2012
Reg. data: 25421
Pinneberg, HRB 10138 PI
Shareholder:
HAAG-STREIT-Holding AG
Gartenstadtstr. 10
CH 3098 Köniz
Legal form: Other legal
form
Share: EUR 25,000.00
Manager:
Walter Inäbnit
Lindenstr. 13
CH 3043 Uettligen
having sole power of
representation
born: 11.07.1945
Manager:
Jens Jürgens
Schulkoppel 7
D 25436 Moorrege
having sole power of
representation
born: 09.06.1966
04.09.2012 - 26.08.2013 Möller-Wedel Operations GmbH & Co. KG
Rosengarten 10
D 22880 Wedel
Ltd partnership with
priv. ltd. company
as general partner
Main industrial sector
2670
Manufacture of optical instruments and photographic
equipment
46431
Wholesale of photo and optical goods
Shareholder:
Medizinisches
Laserzentrum Lübeck GmbH
Peter-Monnik-Weg 4
D 23562 Lübeck
Legal form: Private
limited company
Company Status: active
Share capital: EUR 95,000.00
Share: EUR 10,000.00
Reg. data: 01.07.1986
Local court
23568 Lübeck
HRB
2117 HL
Shareholder:
UniTransferKlinik Lübeck
GmbH
Maria-Goeppert-Str. 1
D 23562 Lübeck
Legal form: Private
limited company
Company Status: active
Share capital: EUR 170,000.00
Share: EUR 5,000.00
Reg. data: 08.04.2002
Local court
23568 Lübeck
HRB 5331 HL
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2014
Type of ownership: Tenant
Address Rosengarten 10
D 22880 Wedel
Real Estate of: Möller-Wedel Verwaltung GmbH
Type of ownership: Tenant
Address Rosengarten 10
D 22880 Wedel
Land
register documents were not available.
A
bank connection is unknown.
Turnover: 2013 EUR 17,151,933.00
2014 EUR 17,958,059.00
Profit:
2013 EUR -4,341,983.00
2014 EUR 257,943.00
further business figures:
Equipment: EUR 729,161.00
Ac/ts receivable: EUR 2,754,127.00
Liabilities: EUR 3,285,844.00
Employees:
111
-
thereof permanent staff: 111
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 82.27
Liquidity ratio: 2.27
Return on total capital [%]: 3.03
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 73.73
Liquidity
ratio: 2.50
Return on total capital [%]: -12.38
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 13,665,648.85
Fixed
assets EUR 912,310.89
Intangible assets
EUR 103,762.00
Tangible assets
EUR 793,548.89
Plant / machinery
EUR 64,387.79
Other tangible assets / fixtures and
fittings
EUR 729,161.10
Financial assets
EUR 15,000.00
Current assets
EUR 12,745,295.89
Stocks EUR 9,980,619.59
Accounts receivable
EUR 2,754,126.98
Trade debtors
EUR 75,529.98
Amounts due from related companies
EUR 2,668,239.54
Other debtors and assets
EUR 10,357.46
Liquid means
EUR 10,549.32
Remaining other assets
EUR 8,042.07
Accruals (assets)
EUR 8,042.07
LIABILITIES EUR 13,665,648.85
Shareholders' equity
EUR 9,190,671.50
Capital
EUR 2,553,959.92
Limited partner's capital / capital
of partially liable partner (LP)
EUR 2,553,959.92
Limited partner's capital, fixed
capital, capital account I
EUR 6,638,000.00
- Loss brought forward account
EUR 4,084,040.08
Reserves EUR 6,636,711.58
Capital reserves
EUR 6,636,711.58
Provisions
EUR 1,189,133.68
Pension provisions and comparable
provisions EUR 441,024.13
Provisions for taxes
EUR 748,109.55
Liabilities
EUR 3,285,843.67
thereof total due to shareholders
EUR 2,061,544.00
Financial debts
EUR 379,317.96
Liabilities due to banks
EUR 379,317.96
Other liabilities
EUR 2,906,525.71
Trade creditors (for IAS incl. bills
of exchange) EUR 247,558.08
Liabililties due to related companiesEUR 2,072,436.53
Unspecified other liabilities
EUR 586,531.10
thereof liabilities from tax /
financial authorities
EUR 552,551.23
thereof liabilities from social
security
EUR 12,881.45
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales
EUR 17,958,058.59
Manufacturing costs
EUR 15,372,920.52
Gross result on sales
EUR 2,585,138.07
Other operating income
EUR 106,356.23
Other operating expenses EUR 2,154,841.16
Operating result from continuing
operations
EUR 536,653.14
Interest result (+/-)
EUR -120,928.63
Interest and similar income
EUR 8,661.49
thereof from related companies
EUR 8,395.27
Interest and similar expenses
EUR 129,590.12
Financial result (+/-)
EUR -120,928.63
Result from ordinary operations (+/-)
EUR 415,724.51
Extraordinary expenses
EUR 155,211.44
Extraordinary result (+/-)
EUR -155,211.44
Other taxes / refund of taxes
EUR -2,570.49
Tax
(+/-) EUR -2,570.49
Annual surplus / annual deficit
EUR 257,942.58
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 14,480,932.99
Fixed assets
EUR 786,652.00
Intangible assets
EUR 135,344.00
Tangible assets
EUR 636,308.00
Financial assets
EUR 15,000.00
Current assets
EUR 13,692,859.95
Stocks
EUR 10,641,199.21
Accounts
receivable EUR 2,438,823.66
Liquid means
EUR 612,837.08
Remaining other assets
EUR 1,421.04
Accruals (assets)
EUR 1,421.04
LIABILITIES EUR 14,480,932.99
Shareholders' equity
EUR 8,932,728.92
Capital
EUR 2,296,017.34
Limited partner's capital / capital
of
partially liable partner (LP)
EUR 2,296,017.34
Limited partner's capital, fixed
capital, capital account I
EUR 6,638,000.00
- Loss brought forward account
EUR 4,341,982.66
Reserves EUR 6,636,711.58
Capital reserves
EUR 6,636,711.58
Provisions
EUR 2,198,434.47
Liabilities
EUR 3,349,769.60
PROFIT AND LOSS ACCOUNT (cost of sales method)
according to Comm.
Code (HGB)
Sales
EUR 17,151,933.46
Manufacturing costs
EUR 15,781,842.68
Gross result on sales
EUR 1,370,090.78
Distribution costs
EUR 667,461.55
General administration expenses
EUR 1,266,604.09
Other operating income
EUR 118,807.54
Other operating expenses
EUR 1,263,375.28
Operating result from continuing
operations
EUR -1,708,542.60
Interest result (+/-)
EUR -75,113.10
Interest and similar income
EUR 8,481.70
thereof from related companies
EUR 6,186.85
Interest and similar expenses
EUR 83,594.80
Financial result (+/-)
EUR -75,113.10
Result from ordinary operations (+/-)
EUR -1,783,655.70
Extraordinary expenses
EUR 2,557,000.00
Extraordinary result (+/-)
EUR -2,557,000.00
Other taxes / refund of taxes
EUR -1,326.96
Tax
(+/-) EUR -1,326.96
Annual surplus / annual deficit
EUR -4,341,982.66
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ANK |
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.