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MIRA INFORM REPORT
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Report No. : |
512110 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
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Name : |
WALTER MASCHINENBAU GMBH |
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Registered Office : |
Jopestr. 5, D 72072 Tübingen |
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Country : |
Germany |
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Date of Incorporation : |
21.04.2004 |
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Com. Reg. No.: |
HRB 382554 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
· Machining n.e.c. · Manufacture of metal forming machinery · Manufacture of other machine tools · Agents involved in the sale of iron, metal and plastic goods n.e.c. |
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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 (30.09.2017) |
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
WALTER MASCHINENBAU
GMBH
Company Status: Active
Jopestr. 5
D 72072 Tübingen
Telephone:07071/9393-0
Homepage: www.walter-machines.com
E-mail: info@walter-machines.com
VAT
no.
DE234705879
Company
Summary
LEGAL FORM Private limited company
Date of foundation: 2004
Shareholders'
agreement: 29.03.2004
Registered on: 21.04.2004
Commercial Register: Local court 70190 Stuttgart
under: HRB 382554
Share
capital
EUR 1,000,000.00
Shareholder:
United Grinding GmbH
Kurt-A.-Körber-Chaussee 8-32
D 21033 Hamburg
Legal form: Private limited company
Share capital: EUR 62,000,000.00
Share: EUR 1,000,000.00
Registered on: 03.01.2006
Reg. data: 20355 Hamburg, HRB 95996
Control and profit transfer agreement
Manager:
Jürgen Schock
CH Biel
born: 11.02.1963
Nationality: Swiss
Manager:
Gerhard Riester
Am Hofstättle 11
D 72379 Hechingen
born: 16.10.1959
Manager:
Harri Gottlieb Rein
D 72124 Pliezhausen
born: 08.12.1959
Manager:
Christian Dilger
D 72124 Pliezhausen
born: 11.04.1969
Proxy:
Peter Armbruster
D 72829 Engstingen
authorized to jointly represent the company
born: 21.11.1967
COMPANY
HISTORY
Company name and legal form
30.06.2007 - 29.08.2013 WALTER Maschinenbau GmbH
Jopestr. 5
D 72072 Tübingen
Private limited company
21.04.2004 - 30.06.2007 WALTER Maschinenbau GmbH
Derendinger Str. 53
D 72072 Tübingen
Private limited company
BUSINESS
ACTIVITIES
Main industrial sector
2562 Machining n.e.c.
2841 Manufacture of metal forming machinery
2849 Manufacture of other machine tools
46154 Agents involved in the sale of iron, metal and plastic goods n.e.c.
FINANCIAL
INFORMATION
Payment experience: Regular
Negative information: We have no negative information at hand.
REAL
ESTATE
Type of ownership: Proprietor
Share: 100.00 %
Address Jopestr. 5
D 72072 Tübingen
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 72704 REUTLINGEN
Sort. code: 64070085, Account no.: 1510015
BIC: DEUTDESS640, IBAN: DE89640700850151001500
Further bank
LANDESBANK BADEN-WÜRTTEMBERG/BADEN-WÜRTTEMBERGISCHE BANK, 70144
STUTTGART
Sort. code: 60050101, Account no.: 7477500363
BIC: SOLADEST600, IBAN: DE16600501017477500363
FINANCIAL
FIGURES
Financial year: 01.01. - 31.12.
Share capital: EUR 1,000,000.00
The number of employees is not known.
Control and profit transfer agreement to:
United Grinding GmbH
Kurt-A.-Körber-Chaussee 8-32
D 21033 Hamburg
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.26 |
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1 |
INR 91.22 |
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Euro |
1 |
INR 79.88 |
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EUR |
1 |
INR 78.87 |
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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VAR |
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Report Prepared
by : |
NIT |
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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.