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Report No. : |
339946 |
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Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
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Name : |
WALTER MASCHINENBAU GMBH |
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|
|
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Registered Office : |
Jopestr. 5 D 72072 Tübingen |
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Country : |
Germany |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
HRB 382554 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Agents involved in the sale of iron,
metal and plastic goods |
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No. of Employee : |
196 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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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|
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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 |
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High |
B2 |
|
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 |
WALTER
MASCHINENBAU GMBH
Company Status: active
Jopestr. 5
D 72072 Tübingen
Telephone:07071/9393-0
Telefax: 07071/9393-695
Homepage: www.walter-machines.com
E-mail: info@walter-machines.com
VAT
no.: DE234705879
Business
relations are permissible.
LEGAL FORM Private
limited company
Date of foundation: 2004
Shareholders'
agreement: 29.03.2004
Registered on: 21.04.2004
Commercial Register: Local court 70190 Stuttgart
under: HRB
382554
EUR 1,000,000.00
Shareholder:
United Grinding GmbH
Kurt-A.-Körber-Chaussee
8-32
D 21033 Hamburg
Legal form: Private
limited company
Share capital: EUR
62,000,000.00
Share: EUR 1,000,000.00
Registered on: 03.01.2006
Reg. data: 20355 Hamburg,
HRB 95996
Control and profit
transfer agreement
Manager:
Jürgen Schock
CH Biel
born: 11.02.1963
Nationality: Swiss
Manager:
Harri Gottlieb Rein
D 72124 Pliezhausen
born: 08.12.1959
Manager:
Christian Dilger
D 72124 Pliezhausen
born: 11.04.1969
Proxy:
Peter Armbruster
D 72829 Engstingen
authorized to jointly
represent the company
born: 21.11.1967
21.04.2004 - 30.06.2007 WALTER Maschinenbau GmbH
Derendinger Str. 53
D 72072 Tübingen
Private limited
company
30.06.2007 - 29.08.2013 WALTER Maschinenbau GmbH
Jopestr. 5
D 72072 Tübingen
Private limited
company
08.11.2004 - 07.07.2014 Manager
Heinz Detlev
Poklekowski
D 20097 Hamburg
17.02.2010 - 16.01.2013 Manager
Siegfried Rudi
Knüpfer
D 70599 Stuttgart
Main industrial sector
2562
Machining n.e.c.
2841
Manufacture of metal forming machinery
2849
Manufacture of other machine tools
46154
Agents involved in the sale of iron, metal and plastic
goods n.e.c.
Branch:
Walter Maschinenbau GmbH
Osteriede 8-10
D 30827 Garbsen
TEL.: 05131/49480
Payment experience: within periods customary in this trade
Negative information:We have no negative
information at hand.
Type of ownership: proprietor
Share: 100.00 %
Address Jopestr. 5
D 72072 Tübingen
Land register documents were not available.
Principal bank
DEUTSCHE BANK, 72704 REUTLINGEN
Sort. code: 64070085, Account no.: 1510015
BIC: DEUTDESS640, IBAN: DE89640700850151001500
Further bank
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 7477500363
BIC: SOLADEST600, IBAN: DE16600501017477500363
Financial year: 01.01. - 31.12.
Turnover: 2014 *EUR 26,132,000.00
Share capital: EUR 1,000,000.00
Equipment: *EUR 1,692,000.00
Ac/ts receivable: *EUR 1,541,500.00
Liabilities: *EUR 2,820,000.00
Employees:
196
-
thereof permanent staff: 153
-
Trainees: 8
Control and profit transfer agreement to:
United Grinding GmbH
Kurt-A.-Körber-Chaussee
8-32
D 21033 Hamburg
The
business figures marked with an asterisk are estimates based
on average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.61 |
|
|
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.