MIRA INFORM REPORT

 

 

Report No. :

512183

Report Date :

31.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

WALDNER LABOREINRICHTUNGEN GMBH & CO. KG

 

 

Registered Office :

Haidösch 1D 88239 Wangen

 

 

Country :

Germany

 

 

Date of Incorporation :

07.07.1982

 

 

Com. Reg. No.:

HRA 620834

 

 

Legal Form :

Ltd partnership with priv. ltd. company as partner

 

 

Line of Business :

Manufacture of metal products and other furniture n.e.c.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

Company name and address

 

WALDNER Laboreinrichtungen GmbH & Co. KG

 

Company Status:                       active

 

Main address:                            Haidösch 1

                                                 D 88239 Wangen

                                                Telephone:07522/986480

                                                Telefax:  07522/986418

                                                Homepage: www.waldner.de

                                                E-mail:   info@waldner.de

 

Legal office:                             Anton-Waldner-Str. 10-16

                                                D 88239 Wangen

 

VAT no.:                                   DE147359762

 

 

LEGAL FORM                           Ltd partnership with priv. ltd. company as general partner

Date of foundation:                   1982

Registered on:                          07.07.1982

Register of

companies:                               Local court 89073 Ulm

under:                                                   HRA 620834

 

Total cap. contribution:                EUR          2,750,000.00

 

Limited partner:

                     Waldner Holding GmbH & Co. KG

                     Anton-Waldner-Str. 10-16

                     D 88239 Wangen

                     Legal form: Ltd partnership with priv. ltd.

                     company as general partner

                     Total cap.         EUR          5,250,000.00

                     contribution:

                     Share:             EUR          2,750,000.00

                     Registered on: 16.07.2003

                     Reg. data: 89073 Ulm, HRA 621065

General partner:

                     WALDNER alpha GmbH

                     Anton-Waldner-Str. 10-16

                     D 88239 Wangen

                     Legal form: Private limited company

                     Share capital:     EUR             25,000.00

                     Registered on: 20.04.2016

                     Reg. data: 89073 Ulm, HRB 733441

 

Shareholder:

                     Waldner Holding GmbH & Co. KG

                     Anton-Waldner-Str. 10-16

                     D 88239 Wangen

                     Legal form: Ltd partnership with priv. ltd.

                     company as general partner

                     Total cap.         EUR          5,250,000.00

                     contribution:

                     Share:             EUR             25,000.00

                     Registered on: 16.07.2003

                     Reg. data: 89073 Ulm, HRA 621065

Manager:

                     Jörg Hoffmann

                     D 88368 Bergatreute

                     born: 04.05.1969

Proxy:

                     Peter Wanner

                     Hans-vom-Stall-Str. 7

                     D 88239 Wangen

                     authorized to jointly represent the company

                     born: 01.12.1963

Proxy:

                     Ralf Krebs

                     D 73117 Wangen

                     authorized to jointly represent the company

                     born: 18.12.1963

 

Further functions/participations of WALDNER alpha GmbH (General

partner)

General partner:

                     WALDNER concepts + innovations GmbH & Co. KG

                     Haidösch 1

                     D 88239 Wangen

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR             25,000.00

                     contribution:

                     Registered

                     on:         20.04.2016

                     Reg. data:  89073 Ulm, HRA 724892

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

28.03.2011 - 07.06.2016  General partner

                         WALDNER Auslandsbeteiligungen GmbH

                         Anton-Waldner-Str. 10-16

                         D 88239 Wangen

 

 

BUSINESS ACTIVITIES

Main industrial sector

25993   Manufacture of metal products n.e.c.

31099   Manufacture of other furniture n.e.c.

 

Secondary industrial sector

43320   Joinery installation

46462   Wholesale of medical and orthopedic goods, dental and

laboratory supplies

 

 

BRANCHES AND FACTORIES

 

Branch:

                     WALDNER Laboreinrichtungen GmbH & Co. KG

                     Georgenstr. 35

                     D 10117 Berlin

                     TEL.: 030/2017410

                     FAX.: 030/20174121

Branch:

                     WALDNER Laboreinrichtungen GmbH & Co. KG

                     Zeppelinstr. 16

                     D 64625 Bensheim

                     TEL.: 06251/1098-0

 

 

PARTICIPATIONS

 

Shareholder:

                     "PLA" - Planungsbüro für Labortechnik und

                     Ausrüstungen Gesellschaft mit beschränkter

                     Haftung

                     Anton-Waldner-Str. 10-16

                     D 88239 Wangen

                     Legal form: Private limited company

                     Company Status: active

                     Share capital:     EUR             64,000.00

                     Share:             EUR             64,000.00

                     Reg. data:  29.08.2000

                                 Local court 89073 Ulm

                                 HRB 620890

 

Payment experience:                 No Complaints

 

Negative information:                We have no negative information at hand.

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Haidösch 1

                     D 88239 Wangen

 

Real Estate of:      WALDNER alpha GmbH

Type of ownership:   Tenant

Address              Anton-Waldner-Str. 10-16

                     D 88239 Wangen

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

DEUTSCHE BANK, 88183 RAVENSBURG

Sort. code: 65070084

BIC: DEUTDESS650

 

Further banks

KREISSPARKASSE RAVENSBURG, 88239 WANGEN IM ALLGÄU

Sort. code: 65050110

BIC: SOLADES1RVB

COMMERZBANK VORMALS DRESDNER BANK, 88183 RAVENSBURG

Sort. code: 65080009

BIC: DRESDEFF650

VOLKSBANK ALLGÄU-WEST, 88239 WANGEN IM ALLGÄU

Sort. code: 65092010

BIC: GENODES1WAN

UNICREDIT BANK - HYPOVEREINSBANK, 80311 MÜNCHEN

Sort. code: 70020270

BIC: HYVEDEMMXXX

BADEN-WÜRTTEMB.BANK/LANDESBANK BADEN-WÜRTTEMB., 88299 LEUTKIRCH

IM ALLGÄU

Sort. code: 60050101

BIC: SOLADEST600

 

 

FINANCIAL FIGURES

 

Financial year:      01.07. - 30.06.

The number of employees is not known.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.62

UK Pound

1

INR 89.70

Euro

1

INR 78.19

Euro

1

INR 78.77

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DNS

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.