MIRA
INFORM REPORT
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Report Date : |
30.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
CYPAP PAPIER Handels GmbH |
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Registered Office : |
Goldeggasse 2/5, A-1040 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1997-09-15 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of paper in bulk |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 48.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Basic company information
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Company name: |
CYPAP PAPIER Handels GmbH |
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Status: |
active company |
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Locations: |
Goldeggasse 2/5, A-1040 Wien |
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Phone: |
(1) 5266778 |
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Fax: |
(1) 5232916 |
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E-mail: |
cypap-vienna@chello.at |
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Internet: |
http://www.bomo-cypap.com |
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Activities: |
Önace 515601 100% Wholesale of paper in bulk |
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General Assessment: |
Rating Low risk |
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Recommendation Despite the weak financial situation, the establishment of
a business and credit relationship can be recommended. Risk is considered low
due to positive experiences from the environment of the company. |
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Detail Assessment: |
Payment Merchandise is mainly imported. Domestic obligations are
settled within net agreements. |
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Assessment Increased use of external capital, but the company's
solvency is average. Earnings potential is positive. |
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Maximum credit EUR 48.000,00 |
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Additional company information
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Year of incorporation: |
1997 |
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Type of company: |
wholesale |
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Legal form: |
limited liability company since 1997-09-15 |
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Firmenbuchnummer: |
FN 163306 g Wien 1998-01-17 |
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Activities: |
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VAT number: |
ATU 43989109 |
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number - Austrian National Bank: |
3838293 |
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Transit
trade |
Country |
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Year |
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Transit trade |
world-wide |
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2007 |
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Financial data
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total turnover (total sales) |
2006 |
EUR 3.000.000,00 |
(estimated) |
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total employees |
2007 |
3 |
(approx.) |
Extraxt from the Companies' House
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firm
(style): |
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1 CYPAP PAPIER
Handels GmbH |
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legal
form: |
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1 Gesellschaft
mit beschränkter Haftung |
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registered
office: |
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1 politischer
Gemeinde Wien |
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business
adress: |
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14 Goldeggasse 2/5 |
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capital: |
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1 ATS 500.000 |
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reference
date annual accounts: |
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1 31. Dezember |
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annual
accounts: |
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15 zum 31.12.2006
eingereicht am 24.09.2007 |
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power
of representation: |
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1 Die
Gesellschaft wird, wenn mehrere Geschäftsführer |
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proxy: |
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H Tatjana
Edlinger, geb. 04.07.1960 |
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managing
director: |
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F Dipl.-Ing.
Mücahit Zengin, geb. 19.04.1968 |
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shareholder: |
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C Maximilian
Atnas, geb. 12.02.1947 |
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general
table: |
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Handelsgericht Wien |
Comment on Legal Information
Real estate:
Private data:
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
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Dipl-Ing. Mücahit Zengin |
1968-04-19 |
1020 Wien Untere Donaustraße 9 |
manager |
0 |
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Maximilian Atnas |
1947-02-12 |
8101 paphos P. O. Box 500 |
partner |
0 |
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Adolph Emseis |
1947-11-27 |
8101 Paphos Tala Village/Ayios
Neophytos |
partner |
0 |
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Tatjana Edlinger |
1960-07-04 |
1170 Wien Weidmanngasse 33 |
joint signing clerk |
0 |
Balance Sheet
(absolute) all amounts in EUR
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2006-12-31 |
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Intangible assets |
0,07 |
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Sum intangible assets |
0,07 |
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Tangible assets |
2.891,97 |
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Sum tangible assets |
2.891,97 |
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Sum fixed assets |
2.892,04 |
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Stocks |
217.741,62 |
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Sum stock |
217.741,62 |
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Claims and other assets |
2.194.927,97 |
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Sum claims |
2.194.927,97 |
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Cash on hand, cheques and bank deposits |
216,09 |
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Sum cash and bank |
216,09 |
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Sum current assets |
2.412.885,68 |
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Deferred charges |
635,28 |
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Sum deferred charges |
635,28 |
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Assets |
2.416.413,00 |
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Subscribed/declared capital |
36.336,42 |
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Profit reserves |
1.302,52 |
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Balance sheet profit/balance sheet loss |
45.253,21 |
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Thereof profit/loss carried forward |
34.308,70 |
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Sum equity capital |
82.892,15 |
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Reserves |
72.027,23 |
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Sum reserves |
72.027,23 |
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Liabilities |
2.261.493,62 |
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Sum liabilities |
2.261.493,62 |
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Liabilities |
2.416.413,00 |
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Balance sheet sum |
2.416.413,00 |
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Key ratios
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2006 |
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Equity capital share |
3,43 |
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Fixed assets coverage |
2.866,21 |
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Locations
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Type |
Locations |
Description |
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E-mail |
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operational |
Goldeggasse 2/5, A-1040 Wien |
registered office |
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operational |
Goldeggasse 2/5, A-1040 Wien |
registered headquarters, rented premises |
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cypap-vienna@chello.at |
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former |
Schottenfeldgasse 86/1/7, A-1070 Wien |
registered office |
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former |
Schottenfeldgasse 86/1/7, A-1070 Wien |
registered headquarters |
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related companies
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Company name |
Postal code |
Stake in % |
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Shares in this company are
held by: |
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Maximilian Atnas |
P. O. Box 500, CY-8101
paphos |
42 % 1998-01-17 |
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BOMO-CYPAP PULP AND PAPER LIMITED |
1 Tagmatarchou Demetriou
Pouliou, CY-8101 Paphos |
40 % 1998-01-17 |
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Adolph Emseis |
Tala Village/Ayios
Neophytos , CY-8101 Paphos |
18 % 1999-03-03 |
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Bankers
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Banker |
Bank sort code |
Type of banking connection |
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Bank Austria Creditanstalt AG, 1011 Wien |
20151 |
main bank connection |
Historical development
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Year of incorporation: |
1997 |
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Date of registration: |
1998-01-17 |
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Former executives: |
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From |
To |
Function |
Name |
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2000-01-22 |
2000-08-19 |
manager |
Brigitte Herndlhofer |
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1998-01-17 |
1999-07-28 |
manager |
Dkfm. Karl Stattmann |
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1998-01-17 |
2000-01-22 |
manager |
Johann Andeßner Angleitner |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)