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MIRA
INFORM REPORT
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Report No. : |
503719 |
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Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
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Name : |
WEBER & SCHAER GMBH & CO. KG |
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Registered Office : |
Ferdinandstr. 29, D 20095 Hamburg, Post Box:10 65 03, D 20044 Hamburg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
01.07.1844 |
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Com. Reg. No.: |
HRA 7589 |
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Legal Form : |
Limited partnership with private limited company as general partner |
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Line of Business : |
·
Wholesale of other household goods ·
Wholesale of other intermediate goods |
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No. of Employees : |
61 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
EUR 1,700,000 |
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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 (30.09.2017) |
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 and address
Report on: Weber & Schaer GmbH & Co. KG
Company Status: active
Ferdinandstr. 29
D 20095 Hamburg
Post Box:
10 65 03, D 20044 Hamburg
Telephone: 040/309020
Telefax: 040/30902298
Homepage: www.weber-schaer.com
E-mail: info@weber-schaer.com
VAT no.: DE118900849
Company summary
Legal Form Ltd partnership with priv. ltd. company as general partner
Date of foundation: 1844
Begin of business
activities: 01.07.1844
Registered on: 31.12.1892
Register of
companies: Local court 20355 Hamburg
under: HRA 7589
Total cap. contribution: EUR 14,000,000.00
Limited partner:
René Marc Weber
D 20095 Hamburg
born: 31.10.1963
Share: EUR 5,600,000.00
Limited partner:
Bernhard Georg Eduard Weber
D 20095 Hamburg
born: 18.03.1931
Share: EUR 2,400,000.00
Limited partner:
Kathrin Valeria Weber
D 20095 Hamburg
born: 08.06.1976
Share: EUR 2,000,000.00
Limited partner:
Angelika Weber
D 20095 Hamburg
born: 16.03.1973
Share: EUR 2,000,000.00
Limited partner:
Renate Ingrid Anita Weber
D 20095 Hamburg
born: 24.02.1940
Share: EUR 2,000,000.00
General partner:
Weber Beteiligungs GmbH
Ferdinandstr. 29
D 20095 Hamburg
Legal form: Private limited company
Share capital: EUR 51,200.00
Registered on: 01.01.1984
Reg. data: 20355 Hamburg, HRB 33124
Shareholder:
René Marc Weber
D 20095 Hamburg
born: 31.10.1963
Share: EUR 20,480.00
Shareholder:
Bernhard Georg Eduard Weber
D 20095 Hamburg
born: 18.03.1931
Share: EUR 8,778.00
Shareholder:
Kathrin Valeria Weber
D 20095 Hamburg
born: 08.06.1976
Share: EUR 7,314.00
Shareholder:
Angelika Weber
D 20095 Hamburg
born: 16.03.1973
Share: EUR 7,314.00
Shareholder:
Renate Ingrid Anita Weber
D 20095 Hamburg
born: 24.02.1940
Share: EUR 7,314.00
Manager:
René Marc Weber
D 20095 Hamburg
having sole power of representation
born: 31.10.1963
Profession: Businessman
Marital status: unknown
Manager:
Thomas Braun
D 20095 Hamburg
having sole power of representation
born: 18.07.1957
Profession: Businessman
Marital status: married
Manager:
Christian Reuscher-Weber
D 20095 Hamburg
having sole power of representation
born: 17.12.1968
born: Reuscher
Marital status: married
Proxy:
René Marc Weber
D 20095 Hamburg
born: 31.10.1963
Profession: Businessman
Marital status: unknown
Proxy:
Thomas Braun
D 20095 Hamburg
born: 18.07.1957
Profession: Businessman
Marital status: married
Proxy:
Jens-Heinrich Andrews
D 20095 Hamburg
having sole power of representation
Proxy:
Bernd Regent
D 20095 Hamburg
having sole power of representation
Proxy:
Torsten Annen
D 20095 Hamburg
having sole power of representation
born: 15.05.1964
Proxy:
Christian Reuscher-Weber
D 20095 Hamburg
having sole power of representation
born: 17.12.1968
born: Reuscher
Marital status: married
Proxy:
Martin Rackwitz
D 20095 Hamburg
having sole power of representation
born: 17.12.1965
Proxy:
Phillip Bernhöft
D 25436 Tornesch
having sole power of representation
born: 11.01.1988
Proxy:
Marita Hartwich
D 20095 Hamburg
having sole power of representation
born: 20.04.1956
Proxy:
Dr. Michael Keßler
D 20095 Hamburg
born: 14.09.1956
Proxy:
Tobias Boysen
D 20095 Hamburg
having sole power of representation
born: 04.02.1975
Proxy:
Kathrin Valeria Weber
D 20095 Hamburg
having sole power of representation
born: 08.06.1976
Proxy:
Daniel Lassen
D 22889 Tangstedt
having sole power of representation
born: 09.10.1979
COMPANY HISTORY
company name and legal form
30.10.1996 - 12.01.2004 Weber & Schaer GmbH & Co.
Ferdinandstr. 29
D 20095 Hamburg
Ltd partnership with priv. ltd. company
as general partner
02.05.1975 - 29.10.1996 Weber & Schaer
Ferdinandstr. 29
D 20095 Hamburg
Limited partnership
09.08.1972 - 01.05.1975 Weber & Schaer
Ferdinandstr. 29
D 20095 Hamburg
General Partnership
18.01.1966 - 08.08.1972 Weber & Schaer
Ferdinandstr. 29
D 20095 Hamburg
Limited partnership
01.01.1923 - 17.01.1966 Weber & Schaer
Ferdinandstr. 29
D 20095 Hamburg
General Partnership
1844 - 31.12.1922 Weber & Schaer
Ferdinandstr. 29
D 20095 Hamburg
Limited partnership
BUSINESS ACTIVITIES
Main industrial sector
4649 Wholesale of other household goods
46760 Wholesale of other intermediate goods
PARTICIPATIONS
Shareholder:
Braun Battenberg Mahlwerke GmbH
Am Bahnhof 8
D 35088 Battenberg
Legal form: Private limited company
Company Status: active
Share capital: EUR 250,000.00
Share: EUR 225,000.00
Reg. data: 24.11.2014
Local court 35037 Marburg
HRB 6514
Shareholder:
Polymer-Service PSG GmbH
Beckedorfer Bogen 5
D 21218 Seevetal
Legal form: Private limited company
Company Status: active
Share capital: EUR 200,000.00
Share: EUR 120,000.00
Reg. data: 15.09.2016
Local court 21335 Lüneburg
HRB 206446
FINANCIAL INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
Maximum credit: 1,700,000 EUR
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address Ferdinandstr. 29
D 20095 Hamburg
Real Estate of: Weber Beteiligungs GmbH
Type of ownership: Tenant
Address Ferdinandstr. 29
D 20095 Hamburg
Land register documents were not available.
BANKERS
UNICREDIT BANK - HYPOVEREINSBANK, 20454 HAMBURG
Sort. code: 20030000, Account no.: 409656
BIC: HYVEDEMM300, IBAN: DE97200300000000409656
FINANCIAL FIGURES
Turnover: 2016 EUR 148,876,103.00
2017 *EUR 149,000,000.00
Profit: 2016 EUR 3,375,769.00
further business
figures:
Equipment: EUR 549,831.00
Ac/ts
receivable:
EUR 22,736,392.00
Liabilities: EUR 32,356,681.00
Real estate of the
firm: EUR 3,056,600.00
Employees:
61
- Part-time
employees: 15
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
[%]: 52.40
Liquidity
ratio: 0.70
Return on total
capital [%]: 4.81
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio
[%]: 55.89
Liquidity
ratio: 0.69
Return on total
capital [%]: 4.05
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio
[%]: 55.72
Liquidity
ratio: 0.77
Return on total
capital [%]: 5.59
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio
[%]: 54.85
Liquidity
ratio: 0.79
Return on total
capital [%]: 7.13
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: self-disclosure
Financial year: 01.01.2016 -
31.12.2016
ASSETS EUR 70,202,099.37
Fixed assets EUR 5,287,744.80
Intangible assets EUR 16,080.31
Concessions, licences,
rights EUR 16,080.31
Tangible assets EUR 3,606,431.24
Land / similar
rights EUR 3,056,600.42
Other tangible assets /
fixtures and
fittings EUR 549,830.82
Financial assets EUR 1,665,233.25
Shares in
participations /
subsidiaries and the
like EUR 1,665,233.25
Shares in related
companies EUR 1,665,233.25
Current assets EUR 64,833,137.16
Stocks EUR 41,994,946.26
Finished goods / work
in progress EUR 41,814,167.19
Advance payments
made EUR 180,779.07
Accounts receivable EUR 22,736,391.57
Amounts due from
shareholders EUR 0.00
Trade debtors EUR 20,306,023.50
Amounts due from
related companies EUR 32,440.08
Other debtors and
assets EUR 2,397,927.99
Liquid means EUR 101,799.33
Remaining other
assets EUR 81,217.41
Accruals (assets) EUR 81,217.41
LIABILITIES EUR 70,202,099.37
Shareholders' equity EUR 17,961,268.93
Capital EUR 14,000,000.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 14,000,000.00
Limited partner's capital, fixed
capital, capital
account I EUR 14,000,000.00
Reserves EUR 585,500.00
Reserves for business partnerships EUR 585,500.00
Balance sheet
profit/loss (+/-) EUR 3,375,768.93
Annual surplus / annual
deficit EUR 3,375,768.93
Items between
shareholders' equity and
debt capital EUR 18,824,221.58
Mezzanine financing EUR 18,824,221.58
Shareholder loans
similar to capital EUR
18,824,221.58
Provisions EUR 1,059,927.64
Pension provisions and
comparable
provisions EUR 82,121.00
Provisions for
taxes EUR 38,410.80
Other / unspecified
provisions EUR 939,395.84
Liabilities EUR 32,356,681.22
Financial debts EUR 22,550,376.31
Liabilities due to
banks EUR 22,550,376.31
Other liabilities EUR 9,806,304.91
Trade creditors (for IAS
incl. bills
of exchange) EUR 7,470,151.60
Liabilities from
received advance
payments EUR 9,738.75
Unspecified other
liabilities EUR 2,326,414.56
thereof liabilities
from tax /
financial
authorities EUR 1,645,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 148,876,102.72
Other operating income EUR 136,168.11
Cost of materials EUR 134,318,202.90
Raw materials and
supplies, purchased
goods EUR 134,318,202.90
Gross result (+/-) EUR
14,694,067.93
Staff expenses EUR 4,978,566.79
Wages and salaries EUR 4,307,677.06
Social security
contributions and
expenses for pension
plans and
benefits EUR 670,889.73
Total depreciation EUR 208,596.49
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 208,596.49
Other operating
expenses EUR 4,876,129.44
Operating result from
continuing
operations EUR 4,630,775.21
Interest result
(+/-) EUR -448,472.03
Interest and similar
income EUR 274.50
Interest and similar
expenses EUR 448,746.53
Financial result
(+/-) EUR -448,472.03
Result from ordinary
operations (+/-) EUR 4,182,303.18
Income tax / refund of
income tax (+/-)EUR -799,582.80
Other taxes / refund of
taxes EUR -6,951.45
Tax (+/-) EUR -806,534.25
Annual surplus / annual
deficit EUR 3,375,768.93
Type of balance sheet: Company
balance sheet
Origin of the present balance sheet: self-disclosure
Financial year: 01.01.2015 -
31.12.2015
ASSETS EUR 65,973,883.16
Fixed assets EUR 3,766,423.19
Intangible assets EUR 9,532.50
Concessions, licences,
rights EUR 9,532.50
Tangible assets EUR 3,531,890.69
Land / similar rights EUR 2,915,051.15
Other tangible assets /
fixtures and
fittings EUR 616,839.54
Financial assets EUR 225,000.00
Shares in
participations /
subsidiaries and the
like EUR 225,000.00
Shares in related
companies EUR 225,000.00
Current assets EUR 62,144,922.00
Stocks EUR 42,226,286.43
Finished goods / work in progress EUR
42,226,286.43
Accounts receivable EUR 19,732,128.39
Amounts due from
shareholders EUR 19,351.48
Trade debtors EUR 16,657,604.05
Other debtors and
assets EUR 3,055,172.86
Liquid means EUR 186,507.18
Remaining other
assets EUR 62,537.97
Accruals (assets) EUR 62,537.97
LIABILITIES EUR 65,973,883.16
Shareholders' equity EUR 16,674,272.82
Capital EUR 14,000,000.00
Limited partner's
capital / capital
of partially liable
partner (LP) EUR 14,000,000.00
Limited partner's capital, fixed
capital, capital
account I EUR 14,000,000.00
Balance sheet
profit/loss (+/-) EUR 2,674,272.82
Annual surplus / annual
deficit EUR 2,674,272.82
Items between
shareholders' equity and
debt capital EUR 20,205,282.32
Mezzanine financing EUR 20,205,282.32
Shareholder loans
similar to capital EUR
20,205,282.32
Provisions EUR 484,724.00
Pension provisions and
comparable
provisions EUR 86,444.00
Other / unspecified
provisions EUR 398,280.00
Liabilities EUR 28,609,604.02
Financial debts EUR 20,491,959.56
Liabilities due to
banks EUR 20,491,959.56
Other liabilities EUR 8,117,644.46
Trade creditors (for
IAS incl. bills
of exchange) EUR 5,313,728.03
Unspecified other
liabilities EUR 2,803,916.43
thereof liabilities
from tax /
financial
authorities EUR
1,688,000.00
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 144,493,608.92
Other operating
income EUR 127,825.64
Cost of materials EUR 131,309,719.14
Gross result (+/-) EUR 13,311,715.42
Staff expenses EUR 4,832,621.87
Wages and salaries EUR 4,169,882.96
Social security
contributions and
expenses for pension
plans and
benefits EUR 662,738.91
Total depreciation EUR 210,907.02
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 210,907.02
Other operating
expenses EUR 4,481,774.64
Operating result from
continuing
operations EUR 3,786,411.89
Interest result
(+/-) EUR -486,011.97
Interest and similar
income EUR 864.47
Interest and similar
expenses EUR 486,876.44
Financial result
(+/-) EUR -486,011.97
Result from ordinary
operations (+/-) EUR 3,300,399.92
Income tax / refund of
income tax (+/-)EUR -623,685.10
Other taxes / refund of
taxes EUR -2,442.00
Tax (+/-) EUR -626,127.10
Annual surplus / annual
deficit EUR 2,674,272.82
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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|
1 |
INR 92.77 |
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Euro |
1 |
INR 80.34 |
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Euro |
1 |
INR 80.51 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SYL |
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 |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
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.