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Report No. : |
340431 |
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Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
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Name : |
WOLF MASCHINENBAU AG |
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Registered Office : |
Wilhelm-Maybach-Str. 2, D 74336
Brackenheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2013 |
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Year of Establishment : |
1991 |
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Com. Reg. No.: |
HRB 320540 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Manufacture of Other General-Purpose
Machinery n.e.c. |
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No. of Employees : |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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 |
WOLF
MASCHINENBAU AG
Company Status: active
Wilhelm-Maybach-Str. 2
D 74336 Brackenheim
Telephone:07135/93698-0
Telefax: 07135/93698-66
Homepage:
www.wolf-maschinenbau.de
E-mail: info@wolf-maschinenbau.de
DE813395286
Business relations are permissible.
LEGAL FORM Public limited company
Date of foundation: 1991
Registered on: 04.03.2002
Commercial Register: Local court 70190 Stuttgart
under: HRB
320540
EUR 50,000.00
President of the Board of Directors:
Martin Wolf
Hirschberger Str. 3
D 74336 Brackenheim
born: 01.08.1959
Profession: graduate
engineer
President
of the Supervisory Board:
Gerd Häussermann
D 71554 Weissach
Vice-president of the Supervisory Board:
Doris Bechter
Schefenacker Str. 3
D 75433 Maulbronn
born: 05.03.1952
Profession: Tax adviser
Marital status: married
Member of the Supervisory Board:
Adolf Wolf
Kirchplatz 2
D 74336
Brackenheim
born: 03.03.1936
Profession: Wine-grower
Marital status: married
Further functions/participations of Martin
Wolf (President of the
Board of Directors)
Proprietor:
Martin Wolf
Hirschberger Str. 3
D 74336 Brackenheim
Legal form: Unregistered
commercial
enterprise
Limited partner:
Wolf Vermögensverwaltungs
GmbH & Co. KG
Hirschberger Str. 3
D 74336 Brackenheim
Legal form: Ltd
partnership with priv. ltd.
company as general
partner
Total cap. EUR 300,504.00
contribution:
Share: EUR 60,000.00
Registered
on: 11.09.2006
Reg. data: 70190 Stuttgart, HRA 320361
Shareholder:
M.Wolf GmbH
Hirschberger Str. 3
D 74336 Brackenheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 11.09.2006
Reg. data: 70190 Stuttgart, HRB 320634
Shareholder:
Wolf Holding GmbH
Hirschberger Str. 3
D 74336 Brackenheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Registered
on: 06.11.2001
Reg. data: 70190 Stuttgart, HRB 320530
Shareholder:
SFP Chance
Mittelstand GmbH
Salzstr. 140
D 74076 Heilbronn
Legal form: Private
limited company
Share capital: EUR 30,000.00
Share: EUR 5,000.00
Registered
on: 17.04.2014
Reg. data: 70190 Stuttgart, HRB 748646
Manager:
M.Wolf GmbH
Hirschberger Str. 3
D 74336 Brackenheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 11.09.2006
Reg. data: 70190 Stuttgart, HRB 320634
Manager:
Wolf Holding GmbH
Hirschberger Str. 3
D 74336 Brackenheim
Legal form: Private limited
company
Share capital: EUR 25,000.00
Registered
on: 06.11.2001
Reg. data: 70190 Stuttgart, HRB 320530
Manager:
HoWoTec GmbH
Schaflacher Weg 10
D 77743 Neuried
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 15.06.2005
Reg. data: 79098 Freiburg, HRB 472393
01.03.2008 - 01.03.2008 Wolf Maschinenbau AG
Hirschberger Str. 3
D 74336 Brackenheim
Public limited
company
Main industrial sector
2829
Manufacture of other general-purpose machinery n.e.c.
Payment experience: within agreed terms
Negative information:We have no negative
information at hand.
Balance sheet year: 2013
Type of ownership: Tenant
Address Wilhelm-Maybach-Str.
2
D 74336 Brackenheim
Land register documents were not available.
Principal
bank
COMMERZBANK, 74004 HEILBRONN, NECKAR
Sort. code: 62040060
BIC: COBADEFFXXX
Further
banks
SÜDWESTBANK, 74021 HEILBRONN, NECKAR
Sort. code: 60090700
BIC: SWBSDESSXXX
KREISSPARKASSE HEILBRONN, 74014 HEILBRONN,
NECKAR
Sort. code: 62050000
BIC: HEISDE66XXX
Turnover: 2013 EUR 5,000,000.00
Ac/ts receivable: EUR 590,520.00
Liabilities: EUR 2,302,267.00
Employees:
17
-
thereof permanent staff: 10
-
Part-time employees: 2
-
Trainees: 3
-
Temporary workers: 2
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 25.52
Liquidity ratio: 0.26
Return on total capital [%]: 0.43
Balance sheet ratios 01.01.2012 - 31.12.2012
Equity ratio [%]: 25.41
Liquidity ratio: 0.10
Return on total capital [%]: 2.04
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 17.76
Liquidity ratio: 0.18
Return on total capital [%]: 4.38
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 17.43
Liquidity ratio: 0.25
Return
on total capital [%]: 1.89
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: 01.01.2013
- 31.12.2013
ASSETS EUR 3,356,978.12
Fixed assets
EUR 380,287.17
Intangible assets
EUR 87,339.00
Tangible assets
EUR 185,289.00
Financial assets
EUR 107,659.17
Other / unspecified financial assets EUR 107,659.17
Current assets
EUR 2,971,299.57
Stocks
EUR 2,352,767.73
Accounts receivable
EUR 590,520.04
Liquid means EUR 28,011.80
Remaining other assets
EUR 5,391.38
Accruals (assets)
EUR 5,391.38
LIABILITIES EUR 3,356,978.12
Shareholders' equity
EUR 888,978.09
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Reserves
EUR 130,000.00
Retained earnings / revenue reserves EUR 130,000.00
Balance sheet profit/loss (+/-)
EUR 708,978.09
Balance sheet profit / loss
EUR 708,978.09
Provisions
EUR 165,733.17
Liabilities
EUR 2,302,266.86
Type
of balance
sheet: Company
balance sheet
Origin of the present
balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2012
- 31.12.2012
ASSETS EUR 3,254,509.87
Fixed assets
EUR 559,401.00
Intangible assets
EUR 128,656.00
Tangible assets EUR 211,585.00
Financial assets
EUR 219,160.00
Other / unspecified financial assets EUR 219,160.00
Current assets
EUR 2,674,114.27
Stocks EUR 2,457,816.23
Accounts receivable
EUR 206,689.88
Liquid means
EUR 9,608.16
Remaining other assets
EUR 20,994.60
Accruals (assets) EUR 20,994.60
LIABILITIES EUR 3,254,509.87
Shareholders' equity
EUR 874,830.13
Capital
EUR 50,000.00
Subscribed capital (share capital)
EUR 50,000.00
Reserves
EUR 130,000.00
Retained earnings / revenue reserves EUR 130,000.00
Balance sheet profit/loss (+/-)
EUR 694,830.13
Balance sheet profit / loss
EUR 694,830.13
Provisions
EUR 212,615.40
Liabilities
EUR 2,167,064.34
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
NIT |
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 |
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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 |
|
|
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 |
|
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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.