MIRA
INFORM REPORT
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Report Date : |
28.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SONDERHOFF ENGINEERING GMBH |
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Registered Office : |
Allgaustrabe 3, A-6912 Horbranz |
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Country : |
Austria |
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Financials (as on) : |
31.12.2006 |
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Year of Establishment : |
1988 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Plastics and Rubber Machinery |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic company information
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Company name: |
Sonderhoff Engineering GmbH |
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Status: |
active company |
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Locations: |
Allgäustraße 3, A-6912 Hörbranz |
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Phone: |
(5573) 82991 |
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Fax: |
(5573) 82955 |
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E-mail: |
insitu@edf.at |
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Internet: |
http://www.edf.at |
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Activities: |
Önace 28960 100% Manufacture of plastics and rubber machinery |
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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: |
Payments are sometimes made using cash discounts or according to conditions. |
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Financial situation has been in order up to now. At this time there is no insight of any importance. |
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Maximum credit
EUR 304.000,00 |
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Additional company information
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Year of
incorporation: |
1988 |
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Type of company: |
Manufacturing |
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Legal form: |
limited liability company since 1988-07-08 |
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Firmenbuchnummer: |
FN 78414 s Feldkirch 1988-07-20 |
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Activities: |
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VAT number: |
ATU 35722009 |
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number - Austrian National Bank: |
1107496 |
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Import |
Country |
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Import |
Germany |
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2008 |
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Import |
Switzerland |
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2008 |
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Export |
Country |
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Export |
world-wide |
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2008 |
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Financial data
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total turnover (total sales) |
2007 |
EUR 16.000.000,00 |
(approx.) |
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total turnover (total sales) |
2006 |
EUR 16.000.000,00 |
(approx.) |
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total turnover (total sales) |
2005 |
EUR 15.000.000,00 |
(approx.) |
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total turnover (total sales) |
2004 |
EUR 12.600.000,00 |
(approx.) |
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total turnover (total sales) |
2003 |
EUR 12.600.000,00 |
(approx.) |
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total employees |
2008 |
84 |
(approx.) |
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total company vehicles |
2008 |
9 |
(approx.) |
Extraxt from the Companies' House
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firm (style): |
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26
Sonderhoff Engineering 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 Hörbranz |
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business adress: |
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8 Allgäustraße 3 |
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capital: |
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7
EUR 750.000 |
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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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24
zum 31.12.2006 eingereicht am 04.10.2007 |
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power of
representation: |
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16
Sind mehrere Geschäftsführer bestellt, wird deren |
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managing director: |
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P
Heinz Westhoff, geb. 31.08.1950 |
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shareholder: |
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Q
Sonderhoff Holding GmbH |
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general table:
Landesgericht Feldkirch |
Comment on Legal Information:
Real estate:
Private data:
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Surname
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Date of birth
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Address
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Executive positions
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Further executive positions (as registered in the
companies' house) |
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Richard Holden
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1960-11-04
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6807 Feldkirch Tisis Zellerweg 12 b |
manager
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0
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Heinz Westhoff
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1950-08-31
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50827 Köln Grüner Brunnenweg 144 |
manager
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0
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Harald Teichtmeister
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6912 Hörbranz Allgäustraße 3(c/o) |
head of purchasing
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0
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Axel Erken
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6912 Hörbranz Allgäustraße 3(c/o) |
head of sales, head of marketing
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0
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Rene Theiner
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6912 Hörbranz Allgäustraße 3(c/o) |
head of EDP
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0
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Christian Schwabl
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6912 Hörbranz Allgäustraße 3(c/o) |
technical director
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0
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Balance Sheet
(absolute) all amounts in EUR
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2006-12-31 |
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Intangible assets |
187.249,50 |
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Sum intangible assets |
187.249,50 |
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Land and leasehold rights with buildings thereon including building on land owned by third parties |
274.877,53 |
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Technical plants and machines |
489.909,57 |
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Advanced payments and constructions in progress |
753.781,77 |
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Sum tangible assets |
1.659.914,80 |
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Other financial assets, values and securities of fixed assets |
91.905,44 |
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Sum financial assets |
91.905,44 |
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Sum fixed assets |
1.939.069,74 |
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Stocks |
4.041.314,23 |
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Sum stock |
4.041.314,23 |
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Claims and other assets |
2.909.950,41 |
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Sum claims |
2.909.950,41 |
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Cash on hand, cheques and bank deposits |
70.677,90 |
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Sum cash and bank |
70.677,90 |
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Sum current assets |
7.021.942,54 |
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Deferred charges |
23.226,66 |
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Sum deferred charges |
23.226,66 |
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Assets |
8.984.238,94 |
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Subscribed/declared capital |
750.000,00 |
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Capital reserves |
865.561,75 |
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Profit reserves |
154.514,18 |
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Balance sheet profit/balance sheet loss |
3.879.222,67 |
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Thereof profit/loss carried forward |
2.817.448,83 |
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Sum equity capital |
5.649.298,60 |
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Reserves |
1.072.221,00 |
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Sum reserves |
1.072.221,00 |
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Liabilities |
2.262.719,34 |
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Sum liabilities |
2.262.719,34 |
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Liabilities |
8.984.238,94 |
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Balance sheet sum |
8.984.238,94 |
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P / L Account
(absolute) all amounts in EUR
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2006-12-31 |
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Gross profit |
8.948.283,28 |
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Sum turnover or sum gross profit |
8.948.283,28 |
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Profits from retirement of fixed assets, except financial
assets |
81.001,43 |
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Other operating
profits |
194.930,77 |
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Other operating profits
totally |
275.932,20 |
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Wages |
-1.164.489,56 |
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Salaries |
-2.143.423,46 |
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Costs for
severance pays |
-58.943,00 |
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Legal fringe benefits and other payments depending on salaries |
-917.639,27 |
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Other social
fringe benefits |
-69.981,33 |
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Personnel expenses
totally |
-4.354.476,62 |
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Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-217.330,95 |
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Depreciation
tangible assets / intangible assets totally |
-217.330,95 |
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Different
operating costs |
-3.190.784,21 |
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Other taxes |
-13.777,37 |
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Other operating
costs totally |
-3.204.561,58 |
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Operating
result totally |
1.447.846,33 |
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Interest income, securties income and similar income |
18.806,29 |
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Financial profits |
3.199,24 |
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Interest and similar disbursements |
-39.482,78 |
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Financial
profits totally |
-17.477,25 |
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Results from
usual business activity totally |
1.430.369,08 |
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Taxes on income
and profits |
-368.595,24 |
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Taxes on income
and profits totally |
-368.595,24 |
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Annual surplus/annual deficit totally |
1.061.773,84 |
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Annual profit/annual loss totally |
1.061.773,84 |
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Profit and loss
carried forward from previous year |
2.817.448,83 |
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Transfer of profits
totally |
2.817.448,83 |
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B/S profit/ B/S
loss from profit and loss account |
3.879.222,67 |
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Key ratios
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2006 |
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Cash flow II |
1.279.104,79 |
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Debt amortisation period |
2,55 |
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Bank indebtedness |
0,00 |
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Equity capital share |
62,88 |
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Social capital share |
0,00 |
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Fixed assets coverage |
291,34 |
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Net profit ratio |
0,00 |
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Capital turnover |
0,00 |
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Return on investment |
16,36 |
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Cash flow in % of operating performance |
0,00 |
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Cash flow I |
1.647.700,03 |
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Gross productivity |
0,00 |
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Net productivity |
0,00 |
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Operating performance |
0,00 |
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Inventories in % of operating performance |
0,00 |
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Gross profit |
0,00 |
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Locations
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Type |
Locations |
Description |
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E-mail |
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operational |
Allgäustraße 3, A-6912 Hörbranz |
registered office |
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operational |
Allgäustraße 3, A-6912 Hörbranz |
registered headquarters, rented premises |
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insitu@edf.at |
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former |
Allgäuerstraße 3, A-6912 Hörbranz |
registered office |
related companies
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Company name
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Postal code
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Stake in %
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Shares in this company are held by: |
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Sonderhoff Holding GmbH
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Richard Byrdstraße 26, D-50829 Köln |
100 % 2008-11-11
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Bankers
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Banker |
Bank sort code |
Type of banking connection |
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UniCredit Bank Austria AG, 6901 Bregenz |
11000
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main bank connection |
Historical development
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Year of incorporation: |
1988 |
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Date of registration: |
1988-07-20 |
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Change of company name: |
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From |
To |
Company name |
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2008-09-18 |
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Sonderhoff Engineering GmbH |
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2008-09-18 |
"EDF Polymerapplikation" Maschinenfabrik GmbH |
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Change in share capital: |
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From |
To |
Capital |
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2000-02-08 |
ATS 10.000.000,00 |
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2000-02-08 |
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EUR 750.000,00 |
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Former executives: |
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From |
To |
Function |
Name |
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2000-07-15 |
manager |
Dipl-Ing. Edgar Berger |
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2000-07-15 |
2003-07-25 |
manager |
Dr. Klaus Langerbeine |
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2001-10-31 |
2004-05-27 |
manager |
Dietmar Fetz |
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2004-05-27 |
2005-11-11 |
manager |
Thomas Horstmann |
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2004-05-27 |
2005-11-11 |
manager |
Rudolf Westhoff |
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2001-10-31 |
individual signing clerk |
Dietmar Fetz |
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2000-07-15 |
2006-04-05 |
individual signing clerk |
Dipl-Ing. Klaus Bange |
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Former shareholders: |
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From |
To |
Function |
Name |
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2000-02-08 |
partner |
POLYMERE Unternehmenswerwaltungs- gesellschaft mbH & Co. Kommandit- gesellschaft |
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1996-01-06 |
2006-11-30 |
partner |
POLYMERE Unternehmensverwaltungs- gesellschaft mbH |
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2006-11-30 |
2008-11-11 |
partner |
POLYMERE Holding GmbH |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.49.84 |
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UK Pound |
1 |
Rs.76.81 |
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Euro |
1 |
Rs.64.38 |
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%)