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MIRA INFORM REPORT
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Report No. : |
512194 |
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Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
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Name : |
J. WAGNER GMBH |
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Registered Office : |
Otto-Lilienthal-Str. 18, D 88677 Markdorf, Post Box:11 20, D 88669
Markdorf |
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Country : |
Germany |
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Financials (as on) : |
31.01.2017 |
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Date of Incorporation : |
13.07.2000 |
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Com. Reg. No.: |
HRB 581403 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Manufacture of other general-purpose
machinery ·
Wholesale of other machinery ·
Wholesale of tools and hardware |
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No. of Employees : |
392 |
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 (30.09.2017) |
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: J.
Wagner GmbH
Otto-Lilienthal-Str. 18
D 88677 Markdorf
Post Box:
11 20, D 88669 Markdorf
Company Status: active
Telephone:07544/5050
Telefax: 07544/505200
Homepage: www.wagner-group.com
E-mail:
wagner@wagner-group.com
VAT no.:
DE813021567
COMPANY
SUMMERY
LEGAL FORM Private limited company
Date of foundation: 2000
Shareholders'
agreement: 09.06.2000
Registered on: 13.07.2000
Commercial Register: Local
court 79098 Freiburg
under: HRB 581403
Share capital: EUR 25,000.00
Shareholder:
Wagner
International AG
Industriestr. 22
CH 9450
Altstätten
Legal
form: Other legal form
Share: EUR 25,000.00
Manager:
Dr.
Bruno Niemeyer
D 88094
Oberteuringen
born:
05.11.1960
Proxy:
Markus
Moßmann
D 88709
Meersburg
authorized to jointly represent the company
born: 17.04.1964
Proxy:
Uwe
Armin Weidauer
D 88090
Immenstaad
authorized to jointly represent the company
born:
10.03.1959
Profession: Businessman
Marital
status: unknown
Proxy:
Otmar
Adolphy
D 88131
Lindau
authorized to jointly represent the company
born:
01.09.1953
Proxy:
Joachim
Schensky
D 88212
Ravensburg
authorized to jointly represent the company
born:
22.10.1957
Proxy:
Andreas
Kowol
D 73479
Ellwangen
authorized to jointly represent the
company
born:
03.06.1969
Proxy:
Christian Hermann Glaser
D 88339
Bad Waldsee
authorized to jointly represent the company
born: 01.04.1980
Proxy:
Roland
Bucher
D 88079
Kressbronn
authorized to jointly represent the company
born:
19.04.1961
Proxy:
Alper
Elbasi
Grillparzerstr. 1
D 81675
München
authorized to jointly represent the company
born:
28.04.1968
Proxy:
Roland
Frotscher
D 88677
Markdorf
authorized to jointly represent the company
born:
10.07.1967
Proxy:
Markus
Sonnenstatter
D 80331
München
authorized
to jointly represent the company
born:
04.11.1966
Proxy:
Thomas
Jeltsch
D 88045
Friedrichshafen
authorized to jointly represent the company
born:
22.01.1965
Proxy:
Dr.
Christian Ferck
D 88212
Ravensburg
authorized to jointly represent the company
born:
08.10.1978
Proxy:
Eric
Gounon
F
Chateaudouble
authorized to jointly represent the company
born:
13.12.1965
Nationality: French
RESIGNED ACTING PERSONS AND SHAREHOLDERS
24.04.2015 - 30.08.2017
Manager
Martin Christian Kürzinger
D
88662 Überlingen
05.10.2000 - 10.11.2015
Manager
Hubert Riek
Gravensteinerweg 5 OT Ailingen
D
88048 Friedrichshafen
BUSINESS
ACTIVITIES
Main industrial sector
28290 Manufacture of other
general-purpose machinery
46692 Wholesale of other
machinery
46741 Wholesale of tools
and hardware
PARTICIPATIONS
Shareholder:
WALTHER
Spritz- und Lackiersysteme GmbH
Kärntner Str. 18-30
D 42327
Wuppertal
Post
Box:
11 06
41
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 974,500.00
Share: EUR 974,500.00
Reg.
data: 22.10.1987
Local court 42103 Wuppertal
HRB 6714
Shareholder:
Reinhardt-Technik GmbH
Waldheimstr. 3
D 58566
Kierspe
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 25,564.59
Share: EUR 25,564.59
Reg.
data: 19.06.1975
Local court 58636 Iserlohn
HRB 3291
Shareholder:
Weissmaler GmbH
Prinzessinnenstr. 26
D 10969
Berlin
Legal
form: Private limited company
Company
Status: active
Share
capital: EUR 49,912.00
Share: EUR 2,359.00
Reg.
data: 10.12.2015
Local court 14057 Berlin
HRB 172685 B
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information:We have no negative information at hand.
Balance sheet year:
2016/2017
REAL
ESTATE
Type of ownership: Tenant
Address Otto-Lilienthal-Str.
18
D 88677
Markdorf
Type of ownership: Tenant
Address
Industriestr. 7
D 67269
Grünstadt
Land register documents were not available.
BANKERS
Principal bank
DEUTSCHE BANK, 88003 FRIEDRICHSHAFEN
Sort. code: 65070084
BIC: DEUTDESS650
Further bank
SPARKASSE BODENSEE, 88008 FRIEDRICHSHAFEN
Sort. code: 69050001
BIC: SOLADES1KNZ
FINANCIAL
FIGURES
Turnover:
2015/2016 EUR 124,012,048.00
2016/2017 EUR 131,957,480.00
Profit:
2015/2016 EUR 3,655,771.00
2016/2017 EUR -5,233,710.00
further business figures:
Equipment: EUR 6,718,066.00
Ac/ts receivable: EUR 32,470,299.00
Liabilities: EUR 18,451,910.00
Employees:
392
- Trainees: 29
BALANCE
SHEETS
Balance sheet ratios 01.02.2016 - 31.01.2017
Equity ratio [%]:
31.79
Liquidity ratio:
1.98
Return on total capital [%]:
-5.87
Balance sheet ratios 01.02.2015 - 31.01.2016
Equity ratio [%]:
37.47
Liquidity ratio:
4.21
Return on total capital [%]:
4.21
Balance sheet ratios 01.02.2014 - 31.01.2015
Equity ratio [%]:
37.55
Liquidity ratio:
2.98
Return on total capital [%]:
1.39
Balance sheet ratios 01.02.2013 - 31.01.2014
Equity ratio [%]:
39.06
Liquidity ratio:
3.39
Return on total capital [%]:
2.40
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.
FinancialS
Type of balance
sheet: Company
balance sheet
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.02.2016 - 31.01.2017
ASSETS EUR 93,786,987.79
Fixed assets EUR 34,714,296.17
Intangible assets EUR 1,095,420.82
Concessions, licences,
rights EUR 1,095,420.82
Tangible assets EUR 8,596,906.24
Land / similar
rights EUR 1,494,027.49
Plant / machinery EUR 4,379.69
Other tangible assets /
fixtures and
fittings EUR 6,718,066.36
Advance payments made /
construction
in progress EUR 380,432.70
Financial assets EUR 25,021,969.11
Shares in participations
/
subsidiaries and the
like EUR 17,547,533.71
Shares in related
companies EUR 17,547,533.71
Loans to participations /
subsidiaries and the
like EUR 7,474,435.40
Loans to related
companies EUR 7,474,435.40
Current assets EUR 55,078,411.08
Stocks EUR 20,609,016.54
Raw materials,
consumables and
supplies EUR 161,999.99
Finished goods / work in
progress EUR 24,179,078.01
Advance payments
made EUR 224,897.97
Minus received advance
payments for
orders / installments for
stocks EUR -3,956,959.43
Accounts receivable EUR 32,470,299.00
Trade debtors EUR 17,042,176.92
Amounts due from related
companies EUR 12,347,043.42
Amounts due from investee
companies EUR 40,330.44
Other debtors and
assets EUR 3,040,748.22
Liquid means EUR 1,999,095.54
Remaining other assets EUR 3,994,280.54
Accruals (assets) EUR 449,633.42
Deferred taxes
(assets) EUR 3,544,647.12
LIABILITIES EUR 93,786,987.79
Shareholders' equity EUR 32,381,586.70
Capital EUR 25,000.00
Subscribed capital (share
capital) EUR 25,000.00
Reserves EUR 4,975,000.00
Capital reserves EUR
4,975,000.00
Balance sheet profit/loss
(+/-) EUR 27,381,586.70
Profit / loss brought
forward EUR 32,615,296.47
Annual surplus / annual
deficit EUR -5,233,709.77
Provisions EUR 42,842,278.86
Pension provisions and
comparable
provisions EUR 31,325,177.00
Provisions for taxes EUR 1,113,139.12
Other / unspecified
provisions EUR 10,403,962.74
Liabilities EUR 18,451,910.22
Other liabilities EUR 18,451,910.22
Trade creditors (for IAS
incl. bills
of exchange) EUR 6,097,890.56
Liabilities from received advance
payments EUR 2,580,161.34
Liabililties due to
related companiesEUR
7,479,318.26
Unspecified other
liabilities EUR 2,294,540.06
Other liabilities EUR 111,212.01
Deferred taxes (not
included under
provisions/liabilities)
EUR 111,212.01
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 131,957,479.94
Inventory change + own
costs (+/-) EUR 1,696,394.70
Inventory change
(+/-) EUR 1,560,627.12
Capitalised own costs EUR 135,767.58
Other operating income EUR 2,261,656.99
Cost of materials EUR 70,936,385.50
Raw materials and
supplies, purchased
goods EUR 67,958,881.83
Purchased services EUR 2,977,503.67
Gross result (+/-) EUR 64,979,146.13
Staff expenses EUR 30,695,771.87
Wages and salaries EUR 25,529,783.12
Social security
contributions and
expenses for pension plans
and
benefits EUR 5,165,988.75
Total depreciation EUR 2,732,918.58
Depreciation on tangible /
intangible
asssets (incl. start-up
and exp. of
bus. EUR 2,732,918.58
Other operating
expenses EUR 33,748,968.40
Operating result from
continuing
operations EUR -2,198,512.72
Result from participating
interests
(+/-) EUR 1,784,188.38
Expenses / income from
participations EUR 1,784,188.38
Income from related
companies EUR 1,784,188.38
Interest result (+/-) EUR -1,339,638.31
Interest and similar
income EUR 68,835.68
Interest and similar
expenses EUR 1,408,473.99
Other financial result EUR -4,634,163.60
Depreciation on financial
assets and
marketable securities EUR 4,634,163.60
Financial result (+/-) EUR -4,189,613.53
Result from ordinary
operations (+/-) EUR -6,388,126.25
Income tax / refund of
income tax (+/-)EUR 1,169,900.74
Other taxes / refund of
taxes EUR -15,484.26
Tax (+/-) EUR 1,154,416.48
Annual surplus / annual
deficit EUR -5,233,709.77
Type of balance
sheet: Company
balance sheet
Origin of the present
balance sheet:
electronic German Federal Gazette
Financial year:
01.02.2015 - 31.01.2016
ASSETS EUR 92,040,946.25
Fixed assets EUR 36,938,311.25
Intangible assets EUR 364,818.02
Concessions, licences,
rights EUR 364,818.02
Tangible assets EUR 7,417,360.52
Land / similar
rights EUR 1,400,688.22
Plant / machinery EUR 4,687.04
Other tangible assets /
fixtures and
fittings EUR 5,603,969.19
Advance payments made /
construction
in progress EUR 408,016.07
Financial assets EUR 29,156,132.71
Shares in participations
/
subsidiaries and the
like EUR 19,181,697.31
Shares in related
companies EUR 19,181,697.31
Loans to participations /
subsidiaries and the
like EUR 9,974,435.40
Loans to related
companies EUR 9,974,435.40
Current assets EUR 51,625,496.09
Stocks EUR 17,138,689.23
Raw materials,
consumables and
supplies EUR 208,962.70
Finished goods / work in
progress EUR 19,232,902.38
Advance payments
made EUR 262,287.86
Minus received advance
payments for
orders / installments for
stocks EUR -2,565,463.71
Accounts receivable EUR 27,703,820.94
Trade debtors EUR 15,208,146.00
Amounts due from related
companies EUR 10,508,086.87
Amounts due from investee
companies EUR 28,629.93
Other debtors and
assets EUR 1,958,958.14
Liquid means EUR 6,782,985.92
Remaining other assets EUR 3,477,138.91
Accruals (assets) EUR 321,678.99
Deferred taxes
(assets) EUR 3,155,459.92
LIABILITIES EUR 92,040,946.25
Shareholders' equity EUR 37,615,296.47
Capital EUR 25,000.00
Subscribed capital (share
capital) EUR 25,000.00
Reserves EUR 4,975,000.00
Capital reserves EUR 4,975,000.00
Balance sheet profit/loss
(+/-) EUR 32,615,296.47
Profit / loss brought
forward EUR 28,959,525.24
Annual surplus / annual
deficit EUR
3,655,771.23
Provisions EUR 41,275,138.26
Pension provisions and
comparable
provisions EUR 30,558,627.00
Provisions for taxes EUR 1,020,295.12
Other / unspecified
provisions EUR 9,696,216.14
Liabilities EUR 13,032,875.16
Other liabilities EUR 13,032,875.16
Trade creditors (for IAS
incl. bills
of exchange) EUR 6,378,463.71
Liabilities from received
advance
payments EUR 1,786,712.09
Liabililties due to
related companiesEUR
3,225,252.36
Unspecified other liabilities EUR 1,642,447.00
Other liabilities EUR 117,636.36
Deferrals
(liabilities) EUR 3,599.75
Deferred taxes (not
included under
provisions/liabilities)
EUR 114,036.61
PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.
Code (HGB)
Sales EUR 124,012,047.73
Inventory change + own
costs (+/-) EUR -60,885.82
Inventory change (+/-) EUR -243,787.76
Capitalised own costs EUR 182,901.94
Other operating income EUR 6,754,197.30
Cost of materials EUR 66,316,564.32
Raw materials and
supplies, purchased
goods EUR 63,611,331.11
Purchased services EUR 2,705,233.21
Gross result (+/-) EUR 64,388,794.89
Staff expenses EUR 28,706,900.20
Wages and salaries EUR 23,852,300.74
Social security
contributions and
expenses for pension plans
and
benefits EUR 4,854,599.46
Total depreciation EUR 2,138,988.47
Depreciation on tangible /
intangible
asssets (incl. start-up
and exp. of
bus. EUR 2,138,988.47
Other operating
expenses EUR 30,107,466.70
Operating result from
continuing
operations EUR 3,435,439.52
Result from participating
interests
(+/-) EUR 1,921,591.21
Expenses / income from
participations EUR 1,921,591.21
Income from related
companies EUR 1,921,591.21
Interest result (+/-) EUR -1,246,513.31
Interest and similar
income EUR 91,710.33
Interest and similar
expenses EUR 1,338,223.64
Financial result (+/-) EUR 675,077.90
Result from ordinary
operations (+/-) EUR 4,110,517.42
Income tax / refund of
income tax (+/-)EUR -446,401.81
Other taxes / refund of
taxes EUR -8,344.38
Tax (+/-) EUR -454,746.19
Annual surplus / annual
deficit EUR 3,655,771.23
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.63 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
|
Euro |
1 |
INR 79.09 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
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 |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.