MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
Waters Gesellschaft m.b.H. |
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Registered Office : |
Hietzinger Hauptstraße 145, A-1130 Wien |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1994-07-18 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of other electronic parts and equipment |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 1.210.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic company
information
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Company name: |
Waters Gesellschaft m.b.H. |
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Status: |
active company |
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Locations: |
Hietzinger Hauptstraße 145, A-1130 Wien |
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Phone: |
(1) 8771807 |
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Fax: |
(1) 8771808 |
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E-mail: |
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Internet: |
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Activities: |
Önace 518600 100% Wholesale of other electronic parts and equipment |
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General Assessment: |
Very low risk The Rating of this company is better than industry average. |
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Recommendation We recommends to establish a business and credit relationship, and to
benefit from arising business opportunities. |
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Detail Assessment: |
Payment Merchandise is mainly imported. Domestic obligations and invoices of
forwarders are settled within net agreements. |
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Assessment Financial situation is average. |
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Maximum credit EUR 1.210.000,00 |
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Additional company
information
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Year of incorporation: |
1994 |
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Type of company: |
wholesale |
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Legal form: |
limited liability company since 1994-07-18 |
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Firmenbuchnummer: |
FN 110394 w Wien 1994-08-05 |
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Activities: |
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VAT number: |
ATU 15050405 |
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number - Austrian National Bank: |
2305186 |
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Import |
Country |
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Import |
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2007 |
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Import |
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2007 |
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Import |
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2007 |
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Import |
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2007 |
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Export |
Country |
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Export |
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2007 |
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Export |
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2007 |
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Export |
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2007 |
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Financial data
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total turnover (total sales) |
2006 |
EUR 57.600.000,00 |
(approx.) |
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total turnover (total sales) |
2005 |
EUR 36.437.973,70 |
(exact) |
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total turnover (total sales) |
2004 |
EUR 35.406.539,56 |
(exact) |
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total turnover (total sales) |
2003 |
EUR 36.161.984,57 |
(exact) |
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total turnover (total sales) |
2002 |
EUR 23.375.206,66 |
(exact) |
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total employees |
2007 |
27 |
(exact) |
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white collar workers |
2007 |
27 |
(exact) |
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total stock |
2007 |
EUR 200.000,00 |
(average) |
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total company vehicles |
2007 |
10 |
(exact) |
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leasing vehicles |
2007 |
10 |
(exact) |
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cars |
2007 |
10 |
(exact) |
Extraxt from the
Companies' House
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firm (style): |
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1 Waters Gesellschaft
m.b.H. |
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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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1 Hietzinger Hauptstraße
145 |
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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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25 zum 31.12.2006
eingereicht am 15.05.2007 |
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power of
representation: |
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1 Die Generalversammlung
bestimmt, wenn mehrere Geschäfts- |
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proxy: |
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I Eugene Burns, geb. 21.05.1963 |
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managing
director: |
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J Ing. Herbert Ottner, geb.
17.10.1964 |
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shareholder: |
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B Waters Technologies
Corporation |
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general table: |
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Handelsgericht Wien 1 eingetragen am 05.08.1994 Geschäftsfall 703 Fr 7999/94 h Antrag auf Neueintragung
einer Firma eingelangt am 25.07.1994 2
eingetragen am 17.08.1994
Geschäftsfall 703 Fr 8451/94 y |
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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Michael Cornelius Harrington |
1960-10-09 |
78380 Bougival Pavillon Chemin de Halage B15 |
manager |
0 |
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John Alden Ornell |
1957-06-27 |
MA 01845 |
manager |
0 |
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Ing. Herbert Ottner |
1964-10-17 |
2380 Perchtoldsdorf Franz Lehargasse 6 |
manager |
0 |
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Eugene Burns |
1963-05-21 |
3021 Preßbaum Piettegasse 26 |
individual signing clerk, head of accounting, head of personnel |
1 |
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1130 Wien Hietzinger Hauptstraße 145
c/o(c/o) |
head of marketing |
0 |
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Dr. Ulrich Hans Kuffner |
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1130 Wien Hietzinger Hauptstraße 145(c/o) |
technical director |
0 |
Balance
Sheet (absolute) all amounts in
EUR
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2005-12-31 |
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Goodwill |
327.261,01 |
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Sum intangible assets |
327.261,01 |
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Sum tangible assets |
45.000,12 |
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Shares on related firms |
28.254,82 |
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Sum financial assets |
28.254,82 |
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Sum fixed assets |
400.515,95 |
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Stocks |
756.936,49 |
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Sum stock |
756.936,49 |
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Claims from delivered goods and performed services |
9.220.249,27 |
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Other claims and assets |
28.647,15 |
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Claims against related firmes Claims against companies with
shareholding relationship |
80.986,37 |
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Sum claims |
9.329.882,79 |
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Cash on hand, cheques and bank deposits |
1.344.040,73 |
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Sum cash and bank |
1.344.040,73 |
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Sum current assets |
11.430.860,01 |
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Assets |
11.831.375,96 |
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Subscribed/declared capital |
36.336,42 |
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Not committed capital reserves |
499.553,06 |
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Balance sheet profit/balance sheet loss |
1.391.574,53 |
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Sum equity capital |
1.927.464,01 |
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Reserves for severance pays |
240.546,00 |
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Tax reserves |
380.026,68 |
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Other reserves |
1.027.906,27 |
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Sum reserves |
1.648.478,95 |
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Received advanced payments for orders |
950.845,40 |
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Liabilities from delivered goods and performed
services from the acceptance of drafts and emission of promissory notes |
699.679,55 |
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Liabilities against related firms |
5.579.238,19 |
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Other liabilities |
365.353,65 |
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Sum liabilities |
7.595.116,79 |
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Deferred income |
660.316,21 |
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Sum deferred income |
660.316,21 |
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Liabilities |
11.831.375,96 |
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Contingent liabilities |
118.104,13 |
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Balance sheet sum |
11.831.375,96 |
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P / L Account
(absolute) all amounts in EUR
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2005-12-31 |
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Gross sales |
36.437.973,70 |
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Sum turnover or sum gross profit |
36.437.973,70 |
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Other operating profits |
466.379,56 |
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Other operating profits totally |
466.379,56 |
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Special account material costs |
-25.968.722,33 |
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Costs for obtained services totally |
-25.968.722,33 |
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Salaries |
-1.700.047,52 |
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Costs for severance pays |
-43.492,67 |
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Costs for old age pension |
-60.000,00 |
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Legal fringe benefits and other payments
depending on salaries |
-311.130,69 |
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Other social fringe benefits |
-108.915,31 |
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Personnel expenses totally |
-2.223.586,19 |
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Depreciation of intangible assets,
tangible assets, activated expenses for the set up and expansion of business
operation |
-132.856,09 |
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Depreciation tangible assets / intangible assets totally |
-132.856,09 |
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Different operating costs |
-7.012.194,36 |
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Other taxes |
-62.582,53 |
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Other operating costs totally |
-7.074.776,89 |
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Operating result totally |
1.504.411,76 |
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Interest income, securities income and similar income |
8.079,97 |
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Interest and similar disbursements |
-87.045,69 |
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Financial profits totally |
-78.965,72 |
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Results from usual business activity totally |
1.425.446,04 |
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Taxes on income and profits |
-322.320,31 |
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Taxes on income and profits totally |
-322.320,31 |
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Annual surplus/annual deficit
totally |
1.103.125,73 |
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Annual profit/annual loss totally |
1.103.125,73 |
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Profit and loss carried forward from previous year |
288.448,80 |
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Transfer of profits totally |
288.448,80 |
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B/S profit/ B/S loss from profit and loss
account |
1.391.574,53 |
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Key ratios
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2005 |
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Cash flow II |
1.235.981,82 |
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Debt amortisation period |
6,39 |
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Bank indebtedness |
0,00 |
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Equity capital share |
16,29 |
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Social capital share |
2,03 |
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Fixed assets coverage |
541,30 |
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Net profit ratio |
3,91 |
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Capital turnover |
3,07 |
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Return on investment |
12,78 |
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Cash flow in % of operating performance |
3,39 |
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Cash flow I |
1.558.302,13 |
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Gross productivity |
16,38 |
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Net productivity |
4,70 |
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Operating performance |
36.437.973,70 |
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Inventories in % of operating performance |
2,07 |
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Gross profit |
10.469.251,37 |
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Locations
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Type |
Locations |
Description |
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E-mail |
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operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered office, rented premises |
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operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered headquarters, rented
premises |
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vienna@waters.com |
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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Waters Technologies Corporation |
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100 % 1994-08-17 |
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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 |
12000 |
main bank connection |
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ABN AMRO Bank (Österreich) Aktienges., 1011 Wien |
19985 |
secondary banking connection |
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Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
secondary banking connection |
Historical
development
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Year of incorporation: |
1994 |
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Date of registration: |
1994-08-05 |
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Former executives: |
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From |
To |
Function |
Name |
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1998-05-07 |
manager |
Richard Henry Payne |
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1998-10-22 |
manager |
Ing.Mag. Stefan Neubauer |
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2002-01-10 |
manager |
Philip Taymor |
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2003-08-15 |
2004-05-07 |
manager |
Eugene Burns |
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1998-05-07 |
2004-05-07 |
manager |
Dr. Hartmut Rabich |
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2004-05-07 |
2006-12-06 |
manager |
Richard Henry Payne |
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1998-10-22 |
2003-08-15 |
individual signing clerk |
Eugene Burns |
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1998-10-22 |
2004-05-07 |
individual signing clerk |
Ing. Herbert Ottner |
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%)