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MIRA INFORM REPORT
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Report No. : |
488686 |
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Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
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Name : |
DIESING
WALZWERKSTECHNIK GMBH |
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Registered Office : |
Dahlienstr.
35 D 42477 Radevormwald |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
23.01.1995 |
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Com. Reg. No.: |
HRB 86673 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
·
Subject is engaged in Manufacture of basic iron,
steel and ferro-alloys ·
Manufacture of machinery for metallurgy ·
Wholesale of non-ferrous ores, metals and metal
semi-finished goods |
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No. of Employees : |
25 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 a large increase in 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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 during 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 largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, 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. Domestic consumption, bolstered by low energy prices and a weak euro, and exports are likely to drive German GDP growth again in 2018.
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Source
: CIA |
Company
name and address
Diesing
Walzwerkstechnik GmbH
Company
Status: active
Dahlienstr. 35
D 42477 Radevormwald
Telephone:02195/92763-00
Telefax: 02195/92763-12
Homepage:
www.hdw-diesing.de
E-mail: info@diesing.de
VAT
no.: DE811779576
Company
summery
LEGAL
FORM Private limited company
Date
of foundation: 28.12.1994
Shareholders'
agreement: 28.12.1994
Registered
on: 05.02.2016
Commercial
Register: Local court 50939 Köln
under: HRB 86673
Share
capital:
EUR 100,100.00
Shareholder:
Frank Diesing
D 42499 Hückeswagen
born: 20.07.1961
Share: EUR 50,000.00
Shareholder:
Horst Diesing
Spieckern 44
D 42399 Wuppertal
born: 19.08.1934
Share: EUR 25,050.00
Shareholder:
Anneliese Diesing
Spieckern 44
D 42399 Wuppertal
born: 02.02.1936
née: Bode
Share: EUR 25,050.00
Manager:
Horst Diesing
Spieckern 44
D 42399 Wuppertal
having sole power of
representation
born: 19.08.1934
Profession: Master
mechanical engineer
Marital status: married
Manager:
Frank Diesing
D 42499 Hückeswagen
having sole power of
representation
born: 20.07.1961
Profession: Master
toolmaker
Marital status: married
Proxy:
Daniel Bechem
D 42103 Wuppertal
having sole power of
representation
born: 02.07.1984
Further
functions/participations of Frank Diesing (Manager)
General
partner:
Frank Diesing + Henning
Diesing
Dahlienstr. 35
D 42477 Radevormwald
Legal form: Partnership
under the Civil Code
COMPANY
HISTORY
company
name and legal form
23.01.1995
- 05.02.2016 Diesing Walzwerkstechnik
GmbH
Spieckern 44
D 42399 Wuppertal
Private limited
company
BUSINESS
ACTIVITIES
Main
industrial sector
2410 Manufacture of basic iron, steel and
ferro-alloys
28910 Manufacture of machinery for metallurgy
46722 Wholesale of non-ferrous ores, metals and
metal
semi-finished
goods
Payment
experience: No Complaints
Negative
information:We have no negative information at hand.
REAL
ESTATE
Type
of ownership: Tenant
Address Spieckern 44
D 42399 Wuppertal
Type
of ownership: Tenant
Address Dahlienstr. 35
D 42477 Radevormwald
Real
Estate of: Horst Diesing
Type
of ownership: proprietor
Share: 100.00 %
Address Spieckern 44
D 42399 Wuppertal
Real
Estate of: Anneliese Diesing
Type
of ownership: unknown
Address Spieckern 44
D 42399 Wuppertal
Real
Estate of: Horst Diesing
Type
of ownership: proprietor
Share: 100.00 %
Address Spieckern 44
D 42399 Wuppertal
Land
register documents were not available.
BANKERS
Principal
bank
DEUTSCHE
BANK, 42897 REMSCHEID
Sort.
code: 34070093
BIC:
DEUTDEDW340
FINANCIAL
FIGURES
Turnover: 2016 *EUR 6,875,000.00
Ac/ts
receivable:
EUR 1,577,986.00
Liabilities: EUR 217,223.00
Employees:
25
The
business figures marked with an asterisk are estimates based
on average values in the line of business.
BALANCE
SHEETS
Balance
sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 91.62
Liquidity
ratio: 10.00
Return
on total capital [%]: -5.82
Balance
sheet ratios 01.01.2015 - 31.12.2015
Equity
ratio [%]: 92.09
Liquidity
ratio: 10.00
Return
on total capital [%]: 11.60
Balance
sheet ratios 01.01.2014 - 31.12.2014
Equity
ratio [%]: 91.76
Liquidity
ratio: 10.00
Return
on total capital [%]: 12.49
Balance
sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 85.36
Liquidity
ratio: 10.00
Return
on total capital [%]: 1.70
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.
Financial
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.01.2016 - 31.12.2016
ASSETS EUR 4,790,174.67
Fixed assets EUR 318,068.50
Intangible assets EUR 44,368.00
Tangible assets EUR 273,700.50
Current assets EUR 4,464,717.35
Stocks EUR 1,635,461.14
Accounts receivable EUR 1,577,986.06
Liquid means EUR 1,251,270.15
Remaining other assets EUR 7,388.82
Accruals (assets) EUR 7,388.82
LIABILITIES EUR 4,790,174.67
Shareholders' equity EUR 4,390,581.66
Capital EUR 100,100.00
Subscribed capital (share capital) EUR 100,100.00
Balance sheet profit/loss (+/-) EUR 4,290,481.66
Balance sheet profit / loss EUR 4,290,481.66
Provisions EUR 182,370.40
Liabilities EUR 217,222.61
Type
of balance
sheet: Company balance sheet
Origin
of the present
balance
sheet: electronic German Federal
Gazette
Financial
year: 01.01.2015 - 31.12.2015
ASSETS EUR 5,066,006.16
Fixed assets EUR 363,242.50
Intangible assets EUR 62,854.00
Tangible assets EUR 300,388.50
Current assets EUR 4,697,106.16
Stocks EUR 1,959,514.59
Accounts receivable EUR 1,817,595.05
Liquid means EUR 919,996.52
Remaining other assets EUR 5,657.50
Accruals (assets) EUR 5,657.50
LIABILITIES EUR 5,066,006.16
Shareholders' equity EUR 4,667,999.81
Capital EUR 100,100.00
Subscribed capital (share capital) EUR 100,100.00
Balance sheet profit/loss (+/-) EUR 4,567,899.81
Balance sheet profit / loss EUR 4,567,899.81
Provisions EUR 98,894.00
Liabilities EUR 299,112.35
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.68 |
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1 |
INR 90.35 |
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Euro |
1 |
INR 79.21 |
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EURO |
1 |
INR 79.71 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRA |
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Report Prepared
by : |
DNS |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.