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MIRA
INFORM REPORT
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Report No. : |
490655 |
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Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
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Name : |
WIBU TEXTILPLUS GMBH |
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Registered Office : |
An der Strusbek 26 D 22926
Ahrensburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
06.12.2011 |
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Com. Reg. No.: |
HRB 17429 HL |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other
textiles n.e.c. ·
Wholesale of textiles |
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No. of Employees : |
9 |
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
WiBU TextilPlus GmbH
An der Strusbek 26
D 22926 Ahrensburg
Telephone:030/68070414
Telefax: 030/680704166
E-mail: berlin@wibu-gruppe.de
Company
Status
Active
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 06.12.2011
Shareholders'
agreement: 06.12.2011
Registered on: 09.01.2018
Commercial Register: Local court 23568 Lübeck
under: HRB
17429 HL
Share capital: EUR 25,000.00
Shareholder:
WIBU-Wirtschaftsbund
sozialer Einrichtungen
eG
An der Strusbek 26
D 22926 Ahrensburg
Legal form: Registered
cooperative
Share: EUR 25,000.00
Registered on: 02.06.1994
Reg. data: 23568 Lübeck,
GnR 216 AH
Profit transfer agreement
Manager:
Thomas Hofmann
D 22929 Rausdorf
having sole power of
representation
born: 06.07.1957
Further functions/participations of Thomas
Hofmann (Manager)
Proprietor:
Thomas Hofmann
Schillerallee 4
D 22926 Ahrensburg
Legal form: Unregistered
commercial
enterprise
COMPANY HISTORY
company name and legal form
03.2013 - 09.01.2018 WIBU - Wirtschaftsbund sozialer
Einrichtungen Nord-
Ost GmbH
Hallerstr. 3
D 10587 Berlin
Private limited company
06.12.2011 - 03.2013 WIBU - Wirtschaftsbund sozialer
Einrichtungen Nord-
Ost GmbH
Helmholtzstr. 2-9
D 10587 Berlin
Private limited company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
05.09.2017 - 09.01.2018 Manager
Nico Oellers
D 23858 Reinfeld
17.09.2012 - 07.09.2017 Manager
André Prentkowski
Korten Oth 16a
D 22949 Ammersbek
25.01.2013 - 31.08.2017 Manager
Robert Anton Güntner
Eschenstr. 75
D 85716 Unterschleißheim
25.01.2013 - 31.08.2017 Manager
Karl-Heinz Grund
Düsterntwiete 58
D 22549 Hamburg
BUSINESS
ACTIVITIES
Sectors
1399 Manufacture of other textiles n.e.c.
4641 Wholesale of textiles
4751 Retail sale of textiles
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
REAL
ESTATE
Type of ownership: Tenant
Address An
der Strusbek 26
D 22926 Ahrensburg
Land register documents were not available.
BANKERS
COMMERZBANK, 22904 AHRENSBURG
Sort. code: 20040000
BIC: COBADEHHXXX
FINANCIAL FIGURES
Turnover: 2016 *EUR 1,545,000.00
Equipment: *EUR 60,000.00
Ac/ts receivable: EUR 1,463,827.00
Liabilities: EUR 1,602,471.00
Employees: 9
- thereof permanent
staff:
9
Profit transfer agreement to:
WIBU-Wirtschaftsbund
sozialer Einrichtungen
eG
An der Strusbek 26
D 22926 Ahrensburg
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 [%]: 62.84
Liquidity ratio: 2.58
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio [%]: 22.61
Liquidity ratio: 1.24
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio [%]: 81.25
Liquidity ratio: 5.33
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 79.02
Liquidity ratio: 4.71
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.
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 1,688,363.82
Fixed assets EUR 199,783.00
Tangible assets EUR 199,783.00
Current assets EUR 1,488,436.82
Stocks EUR 24,506.07
Accounts receivable EUR 1,463,827.29
Liquid means EUR 103.46
Remaining other
assets EUR 144.00
Accruals (assets) EUR 144.00
LIABILITIES EUR 1,688,363.82
Shareholders' equity EUR 25,000.00
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Provisions EUR 60,893.00
Liabilities EUR 1,602,470.82
Other liabilities EUR 0.00
Unspecified other
liabilities EUR 0.00
thereof liabilities
from tax /
financial
authorities EUR 11,542.79
thereof liabilities from social
security EUR 0.00
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 1,718,873.55
Fixed assets EUR 134,005.00
Intangible assets EUR 1,025.00
Tangible assets EUR 132,980.00
Current assets EUR 1,584,868.55
Stocks EUR 7,495.51
Accounts receivable EUR 1,577,057.90
Liquid means EUR 315.14
LIABILITIES EUR 1,718,873.55
Shareholders' equity EUR 25,000.00
Capital EUR 25,000.00
Subscribed capital
(share capital) EUR 25,000.00
Provisions EUR 55,436.00
Liabilities EUR 1,638,437.55
Other liabilities EUR 0.00
Unspecified other
liabilities EUR 0.00
thereof liabilities
from tax /
financial
authorities EUR 14,644.14
thereof liabilities
from social
security EUR 0.00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.03 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.73 |
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Euro |
1 |
INR 79.61 |
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 : |
TRU |
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.