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MIRA INFORM REPORT
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Report No. : |
507569 |
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Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
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Name : |
WEINHEIMER LEDER GMBH |
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Registered Office : |
Höhnerweg 2-4, D 69469 Weinheim |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
21.10.2002 |
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Com. Reg. No.: |
HRB 432889 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
· Wholesale of hides, skins and leather ·
Retail sale of footwear and leather
goods ·
Activities of holding companies |
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No. of Employees : |
20 |
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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 economic 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,
investment, and exports are likely to drive German GDP growth in 2018, and the
country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company name & address
WEINHEIMER LEDER GMBH
Company Status: active
Höhnerweg 2-4
D 69469 Weinheim
Telephone:06201/259970
Telefax:
06201/2599729
Homepage: www.weinheimer-leder.de
E-mail:
info@weinheimer-leder.de
VAT
no.: DE813554533
CONCLUSION
Business relations are permissible.
LEGAL FORM Private Limited Company
Date of foundation: 21.10.2002
Shareholders'
agreement: 21.10.2002
Registered on: 04.11.2002
Commercial Register: Local court 68159 Mannheim
under: HRB 432889
Share capital: EUR 52,000.00
Shareholder:
Finpel S.r.l.
V. Silvestro Sanvito, 56
I 21100 Varese
Legal form: Other legal form
Share: EUR 27,000.00
Shareholder:
Holubeck Holding GmbH
An der Tuchbleiche 12
D 69488 Birkenau
Legal form: Private limited company
Share capital: EUR 26,000.00
Share: EUR 22,400.00
Registered on: 27.04.2016
Reg. data: 64283
Darmstadt, HRB 95371
Shareholder:
Weinheimer Leder GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Share capital: EUR 52,000.00
Share: EUR 2,600.00
Registered on: 04.11.2002
Reg. data: 68159
Mannheim, HRB 432889
Manager:
Uwe Holubeck
An der Tuchbleiche 12
D 69488 Birkenau
having sole power of
representation
born: 03.02.1962
Profession: Businessman
Marital status: unknown
Manager:
Gerd Knapp
Goethestr. 21 /1
D 69469 Weinheim
having sole power of
representation
born: 17.07.1950
Profession: Businessman
Marital status: unknown
Manager:
Massimo Daverio
I Varese
having sole power of
representation
born: 06.11.1957
Nationality: Italian
Further functions/participations of Uwe
Holubeck (Manager)
Shareholder:
Holubeck Holding GmbH
An der Tuchbleiche 12
D 69488 Birkenau
Legal form: Private limited company
Share capital: EUR 26,000.00
Share: EUR 21,000.00
Registered
on: 27.04.2016
Reg. data: 64283 Darmstadt, HRB 95371
Shareholder:
HoluPelli Consult GmbH
An der Tuchbleiche 12
D 69488 Birkenau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 13,000.00
Registered
on: 23.01.2012
Reg. data: 64283 Darmstadt, HRB 90743
Manager:
Das Lederband GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.03.2016
Reg. data: 68159 Mannheim, HRB 724382
Manager:
Holubeck Holding GmbH
An der Tuchbleiche 12
D 69488 Birkenau
Legal form: Private
limited company
Share capital: EUR 26,000.00
Registered
on: 27.04.2016
Reg. data: 64283 Darmstadt, HRB 95371
Manager:
HoluPelli Consult GmbH
An der Tuchbleiche 12
D 69488 Birkenau
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 23.01.2012
Reg. data: 64283 Darmstadt, HRB 90743
Further functions/participations of Gerd Knapp
(Manager)
Manager:
Das Lederband GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 10.03.2016
Reg. data: 68159 Mannheim, HRB 724382
COMPANY
HISTORY
company name and legal form
04.11.2002 - 04.03.2003 Matterhorn 196. V V GmbH (AG München HRB
144995)
Perusastr. 2
D 80333 München
Private limited
company
RESIGNED
ACTING PERSONS AND SHAREHOLDERS
12.08.2003 - 27.04.2016 Manager
Piero Daverio
I Sesto
Calende/Varese
BUSINESS
ACTIVITIES
Main industrial sector
4624
Wholesale of hides, skins and leather
4772
Retail sale of footwear and leather goods
Secondary industrial sector
6420 Activities
of holding companies
PARTICIPATIONS
Shareholder:
Das Lederband GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Company Status: active
Share capital: EUR 25,000.00
Share: EUR 25,000.00
Reg. data: 10.03.2016
Local court
68159 Mannheim
HRB 724382
Shareholder:
Weinheimer Leder GmbH
Höhnerweg 2-4
D 69469 Weinheim
Legal form: Private
limited company
Company Status:
active
Share capital: EUR 52,000.00
Share: EUR 2,600.00
Reg. data: 04.11.2002
Local court
68159 Mannheim
HRB 432889
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information:We have no negative
information at hand.
Balance sheet year: 2016
PMI: No significant / relevant payment
experience
information pertaining to
the company
inquired upon is shown in
the Deutscher
Debitoren Monitor
(DDMonitor).
REAL
ESTATE
Type of ownership: Tenant
Address
Höhnerweg 2-4
D 69469 Weinheim
Land register documents were not available.
BANKERS
Principal bank
VOLKSBANK WEINHEIM, 69469 WEINHEIM
Sort. code: 67092300, Account no.: 5695511
BIC:
GENODE61WNM, IBAN: DE78670923000005695511
Further bank
UBI
BANCA INTERNATIONAL - NDL MÜNCHEN, 80333 MÜNCHEN
Sort. code: 70110600, Account no.: 0013930015
BIC: BEPODEMMXXX, IBAN: DE67701106000013930015
FINANCIAL
FIGURES
Gross profit or loss:2016 EUR 9,489,067.00
Profit: 2016 EUR 2,818,600.00
Equipment: EUR 251,524.00
Ac/ts receivable: EUR 4,492,601.00
Liabilities: EUR 1,912,635.00
Employees:
20
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Part-time employees: 3
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity
ratio [%]: 71.39
Liquidity ratio: 10.00
Return on total capital [%]: 18.76
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 72.18
Liquidity ratio: 10.00
Return on total capital [%]: 23.10
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 61.68
Liquidity ratio: 10.00
Return on total capital [%]: 24.65
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity
ratio [%]: 55.60
Liquidity ratio: 9.44
Return on total capital [%]: 18.19
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: 01.01.2016 - 31.12.2016
ASSETS EUR
15,121,838.80
Fixed assets
EUR 708,588.00
Intangible assets
EUR 187,859.00
Tangible assets
EUR 490,729.00
Plant / machinery EUR 239,205.00
Other tangible assets / fixtures and
fittings
EUR 251,524.00
Financial assets
EUR 30,000.00
Shares in participations /
subsidiaries and the like
EUR 30,000.00
Shares in related companies
EUR 25,000.00
Shares in investee companies
EUR 5,000.00
Current assets
EUR 14,356,514.82
Stocks
EUR 5,045,508.83
Accounts receivable
EUR 4,492,600.67
Amounts due from related companies
EUR 600,000.00
Other debtors and assets
EUR 3,892,600.67
Liquid means
EUR 4,818,405.32
Remaining other assets
EUR 56,735.98
Accruals (assets)
EUR 56,735.98
LIABILITIES EUR 15,121,838.80
Shareholders' equity
EUR 10,822,432.69
Capital
EUR 49,400.00
Subscribed capital (share capital)
EUR 52,000.00
thereof not yet paid-up capital
EUR 49,400.00
thereof called
EUR 49,400.00
Other capital
EUR -2,600.00
Reserves
EUR 10,000.00
Retained earnings / revenue reserves EUR 10,000.00
Balance sheet profit/loss (+/-)
EUR 10,763,032.69
Profit / loss brought forward
EUR 7,944,433.11
Annual surplus / annual deficit
EUR 2,818,599.58
Provisions EUR 2,386,771.00
Liabilities
EUR 1,912,635.11
Other liabilities
EUR 1,912,635.11
Liabililties due to related companiesEUR 18,488.17
Unspecified other liabilities
EUR 1,894,146.94
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 9,489,067.28
Staff expenses EUR 1,848,923.40
Wages and salaries
EUR 1,687,090.07
Social security contributions and
expenses for pension plans and
benefits
EUR 161,833.33
Total depreciation
EUR 161,885.41
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 161,885.41
Other operating expenses
EUR 3,499,323.16
Operating result from continuing
operations
EUR 3,978,935.31
Interest result (+/-)
EUR 6,659.98
Interest and similar income
EUR 11,284.98
Interest and similar expenses
EUR 4,625.00
Other financial result
EUR 90.00
Income from securities and loans from
financial assets
EUR 90.00
Financial result (+/-) EUR 6,749.98
Result from ordinary operations (+/-)
EUR 3,985,685.29
Income tax / refund of income tax (+/-)EUR -1,165,543.71
Other taxes / refund of taxes
EUR -1,542.00
Tax
(+/-) EUR -1,167,085.71
Annual surplus / annual deficit
EUR 2,818,599.58
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 12,800,685.09
Fixed assets
EUR 600,859.00
Intangible assets
EUR 57,703.00
Tangible
assets EUR 541,656.00
Plant / machinery
EUR 297,468.00
Other tangible assets / fixtures and
fittings
EUR 240,008.00
Advance payments made / construction
in progress
EUR 4,180.00
Financial assets
EUR 1,500.00
Shares in participations /
subsidiaries and the like
EUR 1,500.00
Shares in investee companies
EUR 1,500.00
Current assets
EUR 12,130,662.95
Stocks
EUR 5,549,406.02
Accounts receivable
EUR 3,547,561.38
Liquid means
EUR 3,033,695.55
Remaining other assets
EUR 69,163.14
Accruals (assets)
EUR 69,163.14
LIABILITIES EUR 12,800,685.09
Shareholders' equity
EUR 9,203,833.11
Capital
EUR 49,400.00
Subscribed capital (share capital)
EUR 52,000.00
Other capital EUR -2,600.00
Reserves
EUR 10,000.00
Retained earnings / revenue reserves EUR 10,000.00
Balance sheet profit/loss (+/-)
EUR 9,144,433.11
Profit / loss brought forward
EUR 6,194,450.62
Annual surplus / annual deficit
EUR 2,949,982.49
Provisions
EUR 974,736.00
Liabilities
EUR 2,622,115.98
PROFIT
AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 7,564,900.50
Staff expenses
EUR 1,625,096.57
Wages and salaries
EUR 1,487,882.51
Social security contributions and
expenses for pension plans and
benefits
EUR 137,214.06
Total depreciation
EUR 101,685.89
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 101,685.89
Other operating expenses
EUR 1,699,776.33
Operating result from continuing
operations EUR 4,138,341.71
Interest result (+/-)
EUR -832.67
Interest and similar income
EUR 101.33
Interest and similar expenses
EUR 934.00
Other financial result
EUR 75.00
Income from securities and loans from
financial assets
EUR 75.00
Financial result (+/-)
EUR -757.67
Result from ordinary operations (+/-)
EUR 4,137,584.04
Income tax / refund of income tax (+/-)EUR -1,186,157.10
Other taxes / refund of taxes
EUR -1,444.45
Tax
(+/-)
EUR -1,187,601.55
Annual
surplus / annual deficit EUR 2,949,982.49
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 67.08 |
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|
1 |
INR 91.14 |
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Euro |
1 |
INR 80.00 |
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EUR |
1 |
INR 79.76 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
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.