|
Report No. : |
343488 |
|
Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
WAFIOS AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Silberburgstr. 5, D 72764 Reutlingen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.04.1893 |
|
|
|
|
Legal Form : |
Public limited company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
780 |
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 |
WAFIOS
AKTIENGESELLSCHAFT
Company
Status: active
Silberburgstr. 5
D
72764 Reutlingen
Post Box : 2941,
D 72719 Reutlingen
Telephone: 07121/1460
Telefax: 07121/491209
Homepage: www.wafios.de
E-mail: sales@wafios.de
VAT
no.: DE146466742
LEGAL
FORM Public limited company
Date
of foundation: 01.04.1893
Registered
on: 12.10.1998
Commercial
Register: Local court 70190 Stuttgart
under: HRB
353427
EUR 15,600,000.00
Martin Holder
D 72119 Ammerbuch
born: 08.08.1958
Member
of the Board of Directors:
Dr. Uwe-Peter Weigmann
Jenaer Platz 2
D 72622 Nürtingen
born: 24.09.1965
Member
of the Board of Directors:
Dr. Christoph
Müller-Mederer
D 70173 Stuttgart
born: 01.05.1971
Hanns Gerhard Rösch
Gratianusstr.
D 72766 Reutlingen
born: 20.12.1946
Dr. jur. Arnd-Diether
Rösch
Kleiststr. 14
D 72074 Tübingen
born: 15.06.1944
Profession: Graduate civil
servant
Marital status: married
Member
of the Supervisory Board:
Philipp Poss
Galgenbergweg 28
D 89077 Ulm
born: 15.11.1964
Profession: Fully
qualified management
expert
Marital status: married
Member
of the Supervisory Board:
Prof.Dr. Rainer Stöttner
Diebsteigle 37
D 72764 Reutlingen
Marital status: married
Member
of the Supervisory Board:
Bernd Laab
D 72770 Reutlingen
born: 07.12.1952
Member
of the Supervisory Board:
Michael Wittwer
D 72820 Sonnenbühl
born: 14.05.1957
Peter Florian Slotnarin
D 72800 Eningen
authorized to jointly
represent the company
born: 01.10.1966
Proxy:
Thomas Kaup
Parsevalstr. 19a
D 45470 Mülheim
authorized to jointly
represent the company
born: 02.10.1960
Profession: Fully
qualified merchant
Marital status: unknown
Proxy:
Wolfgang Matteis
D 72764 Reutlingen
authorized to jointly
represent the company
born: 06.05.1960
Proxy:
Klaus Reicherter
D 72764 Reutlingen
authorized to jointly
represent the company
born: 11.11.1958
Proxy:
Björn Zwiesele
Kelterstr. 16
D 72658 Bempflingen
authorized to jointly
represent the company
born: 03.10.1962
Proxy:
Winfried Peter
D 72531 Hohenstein
authorized to jointly represent the
company
born: 11.10.1956
Proxy:
Jörg Eisele
D 72818 Trochtelfingen
authorized to jointly
represent the company
born: 20.02.1980
Proxy:
Matthias Grauer
D 72805 Lichtenstein
authorized to jointly
represent the company
born: 30.08.1968
Proxy:
Olaf Wiech
D 72764 Reutlingen
authorized to jointly
represent the company
born: 20.02.1971
Proxy:
Gerhard Eisele
D 72829 Engstingen
authorized to jointly
represent the company
born: 17.07.1953
Further
functions/participations of Dr. Christoph Müller-Mederer (Member of the Board
of Directors) Manager:
Wafios Handelsgesellschaft
mit beschränkter
Haftung
Silberburgstr. 5
D 72764 Reutlingen
Legal form: Private limited company
Share capital: EUR 26,000.00
Registered on: 01.01.1968
Reg. data: 70190
Stuttgart, HRB 350286
1938
- 11.10.1998 WAFIOS Maschinenfabrik GmbH & Co. KG
Silberburgstr. 5
D 72764 Reutlingen
Ltd partnership with priv. ltd. Company as
general partner
19.11.2014
- 09.03.2015 Member of the Board of Directors
Thomas Hösle
D 72760 Reutlingen
Main
industrial sector
28410 Manufacture of metal forming machinery
46692 Wholesale of other machinery
Works:
WAFIOS Aktiengesellschaft
Flottmannstr. 24
D 95615 Marktredwitz
TEL.: 09231/9694-0
FAX.: 09231/61380
Branch:
WAFIOS Aktiengesellschaft
Im Rehsiepen 35
D 42369 Wuppertal
TEL.: 0202/2416-0
FAX.: 0202/2416-416
Branch:
WAFIOS Aktiengesellschaft
Malteserstr. 151
D 12277 Berlin
TEL.: 030/723988-0
FAX.: 030/723988-88
Limited
partner:
WHG Wafios
HandelsgesellschaftmbH & Co. KG
Silberburgstr. 5
D 72764 Reutlingen
Legal form: Ltd
partnership with priv. ltd. company as general partner
Company Status: active
Total cap. EUR 2,500,000.00
contribution:
Share: EUR 2,497,375.00
Reg. data: 01.01.1968
Local court 70190 Stuttgart
HRA 351218
Limited
partner:
ERNST KOCH GmbH & Co.
Kommanditgesellschaft
Sternstr. 9
D 58675 Hemer
Post Box:
50 48
Legal form: Ltd
partnership with priv. ltd. company as
general partner
Company Status: active
Total cap. EUR 5,200,000.00
contribution:
Share: EUR 2,080,000.00
Reg. data: 16.09.1952
Local
court 58636 Iserlohn
HRA 615
Limited
partner:
WPT WAFIOS Production
Technology GmbH & Co.
KG
August-Lämmle-Str. 40
D 72766 Reutlingen
Legal form: Ltd
partnership with priv. ltd. company as general partner
Company Status: active
Total cap. EUR 150,000.00
contribution:
Share: EUR 150,000.00
Reg. data: 27.01.2015
Local court 70190 Stuttgart
HRA 730671
Shareholder:
WAFIOS Maschinenfabrik
GmbH
Silberburgstr. 5
D 72764 Reutlingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 153,387.56
Share: EUR 153,387.56
Reg. data: 11.03.1962
Local court 70190 Stuttgart
HRB 350161
Shareholder:
Witels-Albert GmbH
Malteserstr. 151-159
D 12277 Berlin
Legal form: Private
limited company
Company Status: active
Share capital: EUR 143,150.00
Share: EUR 143,150.00
Reg. data: 02.01.2001
Local court 14057 Berlin
HRB 78405 B
Shareholder:
Klaus Böhm Elektronik GmbH
Germanenstr. 24
D 72768 Reutlingen
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,564.59
Share: EUR 5,112.92
Reg. data: 09.05.1979
Local court 70190 Stuttgart
HRB 351005
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: proprietor
Share: 100.00 %
Address Silberburgstr.
5
D 72764 Reutlingen
Real
Estate of: Dr. Uwe-Peter Weigmann
Type
of ownership: unknown
Address Jenaer
Platz 2
D 72622 Nürtingen
Land
register documents were not available.
COMMERZBANK,
72701 REUTLINGEN
Sort.
code: 64040033, Account no.: 4213971
BIC:
COBADEFFXXX, IBAN: DE75640400330421397100
KREISSPARKASSE
REUTLINGEN, 72710 REUTLINGEN
Sort.
code: 64050000, Account no.: 85001
BIC:
SOLADES1REU, IBAN: DE04640500000000085001
LANDESBANK
BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144 STUTTGART
Sort.
code: 60050101
BIC:
SOLADEST600
Turnover: 2013 EUR 116,123,630.00
2014 EUR 118,000,000.00
Expected
turnover: EUR 118,400,000.00
Profit: 2013 EUR 4,451,233.00
further
business figures:
Ac/ts
receivable:
EUR 18,698,871.00
Liabilities: EUR 35,198,720.00
Employees:
780
-
Part-time employees: 17
-
Trainees:
74
Balance
sheet ratios 01.01.2013 -
31.12.2013
Equity
ratio [%]: 36.69
Liquidity
ratio: 0.54
Return
on total capital [%]: 5.62
Balance
sheet ratios 01.01.2012 -
31.12.2012
Equity
ratio [%]: 30.51
Liquidity
ratio: 0.46
Return
on total capital [%]: 4.74
Balance
sheet ratios 01.01.2011 -
31.12.2011
Equity
ratio [%]: 28.03
Liquidity
ratio: 0.42
Return
on total capital [%]: 1.62
Balance
sheet ratios 01.01.2010 -
31.12.2010
Equity
ratio [%]: 27.62
Liquidity
ratio: 0.45
Return
on total capital [%]: -0.74
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 91,449,197.60
Fixed assets EUR 29,000,630.73
Intangible assets EUR 701,808.00
Tangible assets EUR 12,473,792.17
Financial assets EUR 15,825,030.56
Other / unspecified financial assets
EUR 15,825,030.56
Current assets EUR 62,193,902.77
Stocks EUR 43,168,217.92
Raw materials, consumables and
supplies EUR 11,376,673.00
Finished goods / work in progress EUR
40,554,572.00
Minus received advance payments for
orders / installments for stocks EUR
-8,763,027.08
Accounts receivable EUR 18,698,870.86
Trade debtors EUR 13,057,553.51
Amounts due from related companies EUR
4,627,069.75
Amounts due from investee companies EUR
525,406.98
Other debtors and assets EUR 488,840.62
Liquid means EUR 326,813.99
Remaining other assets EUR 254,664.10
Accruals (assets) EUR 254,664.10
LIABILITIES EUR 91,449,197.60
Shareholders' equity EUR 33,772,180.69
Capital EUR 15,600,000.00
Subscribed capital (share capital) EUR
15,600,000.00
Reserves EUR 13,545,150.65
Capital reserves EUR 1,545,150.65
Retained earnings / revenue reserves
EUR 12,000,000.00
Balance sheet profit/loss (+/-) EUR 4,627,030.04
Profit / loss brought forward EUR 175,796.96
Annual surplus / annual deficit EUR 4,451,233.08
Provisions EUR 22,442,018.00
Pension provisions and comparable
provisions EUR 12,948,018.00
Provisions for taxes EUR 1,230,000.00
Other / unspecified provisions EUR 8,264,000.00
Liabilities
EUR 35,198,720.32
Financial debts EUR 12,386,235.46
Liabilities due to banks EUR 12,386,235.46
Other liabilities EUR 22,812,484.86
Trade creditors (for IAS incl. bills
of exchange) EUR 4,634,978.95
Liabililties due to related
companiesEUR 2,287,222.06
Unspecified other liabilities EUR 15,890,283.85
thereof liabilities from tax /
financial authorities EUR 677,884.38
thereof liabilities from social
security EUR 106,246.40
Other liabilities EUR 36,278.59
Deferrals (liabilities) EUR 36,278.59
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 116,123,630.31
Inventory change + own costs (+/-) EUR -754,702.00
Inventory change (+/-) EUR -754,702.00
Other operating income EUR 1,493,589.32
Cost of materials EUR 38,244,390.90
Raw materials and supplies, purchased
goods EUR 34,086,710.54
Purchased services EUR 4,157,680.36
Gross result (+/-) EUR 78,618,126.73
Staff expenses EUR 52,361,481.85
Wages and salaries EUR 43,128,157.08
Social security contributions and
expenses for pension plans and
benefits EUR 9,233,324.77
Total depreciation EUR 3,217,708.59
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,467,708.59
Depreciation on current assets (+/-) EUR
750,000.00
Other operating expenses EUR 16,600,827.76
Operating result from continuing
operations EUR 6,438,108.53
Result from participating interests
(+/-) EUR 2,434,166.29
Expenses / income from participations
EUR 2,434,166.29
Income from transfer of profits EUR 1,475,627.28
Income from related companies EUR 958,539.01
Interest result (+/-) EUR -2,233,191.39
Interest and similar income EUR 147,932.87
Interest and similar expenses EUR 2,381,124.26
Other financial result EUR -750,000.00
Depreciation on financial assets and
marketable securities EUR 750,000.00
Financial result (+/-) EUR -549,025.10
Result from ordinary operations (+/-) EUR
5,889,083.43
Extraordinary expenses EUR 669,450.00
Extraordinary result (+/-) EUR -669,450.00
Income tax / refund of income tax
(+/-)EUR -675,342.25
Other taxes / refund of taxes EUR -93,058.10
Tax (+/-) EUR -768,400.35
Annual surplus / annual deficit EUR 4,451,233.08
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 97,690,220.19
Fixed assets EUR 30,923,382.77
Intangible assets EUR 837,426.00
Tangible assets EUR 14,360,725.17
Financial assets EUR 15,725,231.60
Other / unspecified financial assets
EUR 15,725,231.60
Current assets EUR 66,766,837.42
Stocks EUR 44,915,128.16
Raw materials, consumables and
supplies EUR 14,937,215.00
Finished goods / work in progress EUR
41,899,274.00
Minus received advance payments for
orders / installments for stocks EUR
-11,921,360.84
Accounts receivable EUR 21,466,931.18
Trade debtors EUR 16,105,501.00
Amounts due from related companies EUR
3,946,838.23
Amounts due from investee companies EUR
553,000.43
Other debtors and assets EUR 861,591.52
Liquid means EUR 384,778.08
LIABILITIES EUR 97,690,220.19
Shareholders' equity EUR 30,100,947.61
Capital EUR 15,600,000.00
Subscribed capital (share capital) EUR
15,600,000.00
Reserves EUR 10,545,150.65
Capital reserves EUR 1,545,150.65
Retained earnings / revenue reserves
EUR 9,000,000.00
Balance sheet profit/loss (+/-) EUR 3,955,796.96
Profit / loss brought forward EUR 126,310.13
Annual surplus / annual deficit EUR 3,829,486.83
Provisions EUR 20,866,291.00
Pension provisions and comparable
provisions EUR 12,236,291.00
Provisions for taxes EUR 400,000.00
Other / unspecified provisions EUR 8,230,000.00
Liabilities EUR 46,716,452.18
Financial debts EUR 25,161,221.02
Liabilities due to banks EUR 25,161,221.02
Other liabilities EUR 21,555,231.16
Trade creditors (for IAS incl. bills
of exchange) EUR 5,346,020.97
Liabililties due to related
companiesEUR 332,319.71
Unspecified other liabilities EUR 15,876,890.48
thereof liabilities from tax /
financial authorities EUR 642,292.62
thereof liabilities from social
security EUR 154,249.15
Other liabilities EUR 6,529.40
Deferrals (liabilities) EUR 6,529.40
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Sales EUR 114,975,131.49
Inventory change + own costs (+/-) EUR 3,897,935.00
Inventory change (+/-) EUR 3,897,935.00
Other operating income EUR 2,701,908.06
Cost of materials EUR 44,850,365.27
Raw materials and supplies, purchased
goods EUR 39,810,159.57
Purchased services EUR 5,040,205.70
Gross result (+/-) EUR 76,724,609.28
Staff expenses EUR 50,491,885.47
Wages and salaries EUR 42,104,395.90
Social security contributions and
expenses for pension plans and
benefits
EUR 8,387,489.57
Total depreciation EUR 4,206,613.55
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus. EUR 2,706,613.55
Depreciation on current assets (+/-) EUR
1,500,000.00
Other operating expenses EUR 16,998,515.90
Operating result from continuing
operations EUR 5,027,594.36
Result from participating interests
(+/-) EUR 4,164,581.29
Expenses / income from participations
EUR 4,164,581.29
Income from transfer of profits EUR 1,452,732.57
Income from related companies EUR 2,711,848.72
Interest result (+/-) EUR -2,433,769.61
Interest and similar income EUR 300,110.05
Interest and similar expenses EUR 2,733,879.66
Other financial result EUR -1,500,000.00
Depreciation on financial assets and
marketable securities EUR 1,500,000.00
Financial result (+/-) EUR 230,811.68
Result from ordinary operations (+/-) EUR
5,258,406.04
Extraordinary expenses EUR 780,997.00
Extraordinary result (+/-) EUR -780,997.00
Income tax / refund of income tax
(+/-)EUR -489,669.54
Other taxes / refund of taxes EUR -158,252.67
Tax (+/-) EUR -647,922.21
Annual surplus / annual deficit EUR 3,829,486.83
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.18 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.