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MIRA
INFORM REPORT
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Report No. : |
490539 |
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Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
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Name : |
WIRTGEN GMBH |
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Registered Office : |
Reinhard-Wirtgen-Str. 2, D 53578 Windhagen |
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Country : |
Germany |
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Date of Incorporation : |
23.05.2000 |
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Com. Reg. No.: |
HRB 14080 |
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Legal Form : |
Private limited company |
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Line of Business : |
· Manufacture of other general-purpose machinery ·
Wholesale of mining, construction and civil
engineering machinery ·
Wholesale of other machinery ·
Non-specialized wholesale of raw materials
and half-finished and finished goods |
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No. of Employees : |
Not available |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 2016 Germany reached a budget surplus of 0.6%. 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 2017.
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Source : CIA |
Company name and address
Report on: Wirtgen
GmbH
Company Status:
active
Reinhard-Wirtgen-Str.
2
D 53578 Windhagen
Telephone: 02645/1310
Telefax: 02645/131279
Homepage: www.wirtgen.de
E-mail: info@wirtgen.de
VAT no.:
DE812999435
Company summary
Legal Form
Private limited company
Date of foundation:
2000
Shareholders'
agreement:
23.05.2000
Registered on:
29.06.2000
Commercial Register: Local
court 56410 Montabaur
under:
HRB 14080
Share capital: EUR 50,000,000.00
Shareholder:
Wirtgen Road Technologies GmbH
Reinhard-Wirtgen-Str. 2
D 53578 Windhagen
Legal form: Private limited company
Share capital: EUR 2,000,000.00
Share: EUR 50,000,000.00
Registered on: 09.11.2012
Reg. data: 56410 Montabaur, HRB 23312
Profit transfer agreement
Manager:
Reimund Felderhoff
D 53604 Bad Honnef
authorized to jointly represent the company
born: 20.01.1959
Profession: Fully qualified merchant
Manager:
Dr. Günther Robert Hähn
D 53639 Königswinter
authorized to jointly represent the company
born: 02.09.1957
Marital status: unknown
Manager:
Frank Georg Betzelt
D 53604 Bad Honnef
authorized to jointly represent the
company
born: 18.03.1968
Profession: Fully qualified merchant
Proxy:
Michael Bous
D 53721 Siegburg
authorized to jointly represent the company
born: 07.01.1960
Proxy:
Dr. Cyrus Barimani
D 53639 Königswinter
authorized to jointly represent the company
born: 14.07.1966
Further functions/participations of Reimund Felderhoff
(Manager)
Manager:
Wirtgen Grund und Boden GmbH
Reinhard-Wirtgen-Str. 2
D 53578 Windhagen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 24.07.2006
Reg. data: 56410 Montabaur, HRB
20388
Vice-president of the Supervisory Board:
Katholische Altenpflegeheim St. Georg gGmbH
Fährenkotten 15
D 45259 Essen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 02.02.2007
Reg. data: 45130 Essen, HRB 19699
Further functions/participations of Dr. Günther Robert
Hähn
(Manager)
Vice-president of the Supervisory Board:
Hamm AG
Hammstr. 1
D 95643 Tirschenreuth
Legal form: Public limited company
Share capital: EUR 20,800,887.00
Registered
on: 21.10.1997
Reg. data: 92637 Weiden, HRB 1851
Vice-president of the Supervisory Board:
Joseph Vögele Aktiengesellschaft
Joseph-Vögele-Str. 1
D 67067 Ludwigshafen
Legal form: Public limited company
Share capital: EUR 10,200,000.00
Registered
on: 30.06.2010
Reg. data: 67061 Ludwigshafen,
HRB 62108
Further functions/participations of Frank Georg Betzelt
(Manager)
Manager:
Wirtgen Grund und Boden GmbH
Reinhard-Wirtgen-Str. 2
D 53578 Windhagen
Legal form: Private limited company
Share capital: EUR 25,000.00
Registered
on: 24.07.2006
Reg. data: 56410 Montabaur, HRB
20388
Manager:
Wirtgen Used Equipment GmbH
Reinhard-Wirtgen-Str. 2
D 53578 Windhagen
Legal form: Private limited company
Share capital: EUR 100,000.00
Registered
on: 21.12.1999
Reg. data: 56410 Montabaur, HRB
13962
RESIGNED ACTING PERSONS AND SHAREHOLDERS
21.05.2013 - 14.04.2015
Manager
Jürgen Wirtgen
D 53578 Windhagen
21.05.2013 - 14.04.2015
Manager
Stefan Wirtgen
D 53560 Vettelschoß
BUSINESS ACTIVITIES
Main industrial
sector
28290 Manufacture
of other general-purpose machinery
46630 Wholesale
of mining, construction and civil engineering
machinery
46692 Wholesale
of other machinery
46902
Non-specialized wholesale of raw materials and
half-finished and
finished goods
PARTICIPATIONS
Shareholder:
Wirtgen Grund und Boden GmbH
Reinhard-Wirtgen-Str. 2
D 53578 Windhagen
Legal form: Private limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 24.07.2006
Local court
56410 Montabaur
HRB 20388
FINANCIAL INFORMATION
Payment experience: Regular
Negative information: We
have no negative information at hand.
REAL ESTATE
Type of ownership:
Tenant
Address
Reinhard-Wirtgen-Str. 2
D 53578 Windhagen
Land register documents were not available.
BANKERS
Principal banks
COMMERZBANK VORMALS DRESDNER BANK, 56504 NEUWIED
Sort. code: 57080070
BIC: DRESDEFF570
SPARKASSE NEUWIED, 56510 NEUWIED
Sort. code: 57450120
BIC: MALADE51NWD
FINANCIAL FIGURES
Financial year:
01.01. - 31.12.
Share capital: EUR
50,000,000.00
The number of employees is not known.
Profit transfer agreement to:
Wirtgen Road Technologies GmbH
Reinhard-Wirtgen-Str. 2
D 53578 Windhagen
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 79.59 |
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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VIV |
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Report Prepared
by : |
SYL |
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
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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.