MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ZULTNER GMBH & CO KG |
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Formerly Known as : |
WILHELM ZULTNER & CO |
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Registered Office : |
Schmiedlstraße 7, A-8042 Graz St. Peter |
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Country : |
Austria |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1948 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Wholesale of Metal Ores, Ferrous Metals in Primary Forms and
Semi-Finished Ferrous Metal Products |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Very Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic company information
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Company name: |
Zultner GmbH & Co KG |
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Status: |
active company |
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Locations: |
Schmiedlstraße 7, A-8042 Graz St. Peter |
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Phone: |
(316) 6095 |
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Fax: |
(316) 6095 - 388 |
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E-mail: |
office@zultner.at |
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Internet: |
http://www.zultner.at |
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Activities: |
Önace 46721 100% Wholesale of metal ores, ferrous metals in primary
forms and semi-finished ferrous metal products |
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General Assessment: |
Very low risk 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 is good. |
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Maximum credit EUR 1.550.000,00 |
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Additional company information
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Year of incorporation: |
1948 |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability partnership since 1967-01-01 |
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Firmenbuchnummer: |
FN 9181 b Graz 1949-03-19 |
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Activities: |
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VAT number: |
ATU 27987603 |
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number - Austrian National Bank: |
51560 |
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Import |
Country |
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Import |
European Union |
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2008 |
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Export |
Country |
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Export |
Hungary |
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2008 |
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Export |
Slovenia |
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2008 |
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Export |
Croatia |
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2008 |
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Financial data
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total turnover (total sales) |
2007 |
EUR 62.000.000,00 |
(estimated) |
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total turnover (total sales) |
2006 |
EUR 60.759.908,06 |
(exact) |
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total turnover (total sales) |
2005 |
EUR 51.000.000,00 |
(approx.) |
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total turnover (total sales) |
2004 |
EUR 51.416.125,18 |
(exact) |
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total turnover (total sales) |
2003 |
EUR 44.735.370,15 |
(exact) |
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total employees |
2008 |
160 |
(approx.) |
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total investments |
2004 |
EUR 571.639,60 |
(exact) |
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total company vehicles |
2008 |
17 |
(approx.) |
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cars |
2008 |
5 |
(approx.) |
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lorries up to 3.5t |
2008 |
6 |
(approx.) |
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lorries more than 3.5t |
2008 |
6 |
(approx.) |
Extraxt from the Companies' House
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firm (style): |
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24 Zultner GmbH & Co
KG |
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legal form: |
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1 Kommanditgesellschaft |
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registered
office: |
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1 politischer Gemeinde
Graz |
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business adress: |
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12 Schmiedlstraße 7 |
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general partner: |
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A Zultner GmbH |
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limited partner: |
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B Ingeborg Kalenda, geb.
15.08.1920 |
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reference date
annual accounts: |
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19 31. Dezember |
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annual accounts: |
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23 zum 31.12.2006
eingereicht am 29.10.2007 |
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proxy: |
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D Arne Flachs, geb.
05.01.1944 |
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general table: |
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Landesgericht für ZRS Graz |
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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Ing. Arne Flachs |
1944-01-05 |
8042 Graz St. Peter St. Peter Hauptstraße
35 f |
individual signing clerk, limited partner |
4 |
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Mag. Bernd Flachs |
1974-04-04 |
8010 Graz Plüddemanngasse 97 |
joint signing clerk, limited partner, head of purchasing |
2 |
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Ing. Andreas Tiefengraber |
1973-04-10 |
8184 Anger Baierdorf Umbegung 183 |
joint signing clerk |
1 |
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Ingeborg Kalenda |
1920-08-15 |
8010 Graz Hilmteichgasse 24 |
limited partner |
1 |
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Ingrid Herz |
|
8042 Graz St. Peter Schmidlstraße 7 |
head of accounting |
0 |
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Ing. Andreas Tiefengraber |
|
8042 Graz St. Peter Schmiedlstraße 7(c/o) |
head of sales, head of marketing |
0 |
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Franz Parzer |
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8042 Graz St. Peter Schmiedlstraße 7(c/o) |
head of EDP |
0 |
Balance Sheet
(absolute) all amounts in EUR
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2006-12-31 |
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Patents and licenses |
232.747,90 |
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Goodwill |
65.852,13 |
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Sum intangible assets |
298.600,03 |
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Land with buildings (basic value) |
4.270.684,02 |
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Land with buildings (building value) |
10.490.482,67 |
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Special account plants and machines |
1.104.302,15 |
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Motor vehicles |
316.603,16 |
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Other plants, operating and business equipment |
405.692,31 |
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Sum tangible assets |
17.436.114,02 |
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Other financial assets, values and securities of fixed assets |
3.505.249,01 |
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Sum financial assets |
3.505.249,01 |
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Sum fixed assets |
21.239.963,06 |
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Merchandise |
12.139.988,98 |
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Sum stock |
12.139.988,98 |
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Claims from delivered goods and performed services |
7.136.311,61 |
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Other claims and assets |
28.382,06 |
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Sum claims |
7.164.693,67 |
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Securities and shares |
2.414.583,49 |
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Sum securities and shares |
2.414.583,49 |
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Cash on hand, cheques and bank deposits |
2.431.284,84 |
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Sum cash and bank |
2.431.284,84 |
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Sum current assets |
24.150.550,98 |
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Deferred charges |
4.598,04 |
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Sum deferred charges |
4.598,04 |
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Assets |
45.395.112,08 |
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Not committed capital reserves |
37.877,95 |
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Free reserves |
3.633.641,71 |
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Share general partner |
2.602.158,62 |
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Fixed capital |
7.267.283,42 |
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Private accounts silent partner |
21.411.782,43 |
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Sum equity capital |
34.952.744,13 |
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Valuation reserves due to special depreciations and |
1.648.275,94 |
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Sum reserves before taxes |
1.648.275,94 |
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Investment contributions |
89.219,91 |
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Sum floor capital |
89.219,91 |
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Reserves for severance pays |
746.384,73 |
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Other reserves |
1.035.709,10 |
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Sum reserves |
1.782.093,83 |
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Liabilities against credit institutes |
3.327.158,90 |
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Liabilities from delivered goods and
performed services from the acceptance of drafts and emission of promissory
notes |
2.375.492,68 |
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Other liabilities |
1.220.126,69 |
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Sum liabilities |
6.922.778,27 |
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Liabilities |
45.395.112,08 |
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Balance sheet sum |
45.395.112,08 |
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P / L Account
(absolute) all amounts in EUR
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2006-12-31 |
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Gross sales |
60.759.908,06 |
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Sum turnover or sum gross profit |
60.759.908,06 |
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Other operating profits |
173.056,88 |
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Other operating profits totally |
173.056,88 |
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Material costs and expenses for obtained services |
-44.728.365,62 |
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Costs for obtained services totally |
-44.728.365,62 |
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Wages |
-945.656,71 |
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Salaries |
-2.816.549,17 |
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Costs for severance pays |
-59.765,48 |
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Legal fringe benefits and other payments depending on salaries |
-1.115.078,44 |
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Special account personnel expenses |
-446.214,08 |
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Other social fringe benefits |
-42.376,67 |
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Personnel expenses totally |
-5.425.640,55 |
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Depreciation of intangible assets,
tangible assets,activated expenses for the set up and expansion of business
operation |
-1.063.811,82 |
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Depreciation tangible assets / intangible assets totally |
-1.063.811,82 |
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Different operating costs |
-1.848.260,27 |
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Other taxes |
-29.139,21 |
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Other operating costs totally |
-1.877.399,48 |
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Operating result totally |
7.837.747,47 |
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Interest income, securties income and
similar income |
272.656,93 |
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Disbursements from other financial assets
and from securities of current assets (e.g. depreciations) |
-177.018,83 |
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Interest and similar disbursements |
-74.383,64 |
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Financial profits totally |
21.254,46 |
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Results from usual business activity
totally |
7.859.001,93 |
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Extraordinary profits |
17.000,00 |
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Extraordinary result totally |
17.000,00 |
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Annual surplus/annual deficit totally |
7.876.001,93 |
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Dissolution reserves before taxes |
41.890,92 |
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Reserves movements totally |
41.890,92 |
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Annual profit/annual loss totally |
7.917.892,85 |
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Transfer of profit/overcounting of losses from ontract of profit
transfer |
-791.789,28 |
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Transfer of profits totally |
-791.789,28 |
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B/S profit/ B/S loss from profit and loss
account |
7.126.103,57 |
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Key ratios
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2006 |
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Cash flow II |
8.939.813,75 |
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Debt amortisation period |
0,43 |
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Bank indebtedness |
7,32 |
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Equity capital share |
80,82 |
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Social capital share |
1,64 |
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Fixed assets coverage |
176,25 |
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Net profit ratio |
12,93 |
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Capital turnover |
1,33 |
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Return on investment |
17,47 |
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Cash flow in % of operating performance |
14,71 |
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Cash flow I |
8.922.813,75 |
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Gross productivity |
11,19 |
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Net productivity |
2,95 |
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Operating performance |
60.759.908,06 |
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Inventories in % of operating performance |
19,98 |
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Gross profit |
16.031.542,44 |
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Locations
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Type |
Locations |
Description |
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E-mail |
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operational |
Schmiedlstraße 7, A-8042 Graz St. Peter |
registered office |
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operational |
Schmiedlstraße 7, A-8042 Graz St. Peter |
registered headquarters, owned property |
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office@zultner.at |
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operational |
Fallegasse 3, A-9021 Klagenfurt, (Südring) |
branch office, rented premises |
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former |
Kalvarienbergstraße 73, A-8020 Graz |
registered office |
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former |
Kalvarienbergstraße 73, A-8020 Graz |
registered headquarters |
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former |
Strutzmannstraße 28, A-9020 Klagenfurt |
branch office |
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former |
Griesgasse 40, A-8020 Graz |
registered headquarters |
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related companies
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Company name |
Postal code |
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number |
Companies House |
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Shares in this company are held by: |
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AF BeteiligungsgmbH |
Schmiedlstraße 7, A-8042 Graz St.
Peter |
% 2005-12-21 |
1.458.521 |
FN 270920 m |
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Zultner GmbH |
Schmiedlstraße 7, A-8042 Graz St.
Peter |
% 1985-01-01 |
116.775 |
FN 50612 f |
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22 Zultner GmbH |
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1 Gesellschaft mit
beschränkter Haftung |
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9 EUR 800.000 |
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1 Die Gesellschaft wird,
wenn mehrere Geschäftsführer |
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G Ing Andreas Tiefengraber,
geb. 10.04.1973 |
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B Arne Flachs, geb.
05.01.1944 |
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B Arne Flachs, geb.
05.01.1944 |
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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, 8011 Graz |
12000 |
main bank connection |
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BKS Bank AG, 9010 Klagenfurt |
17000 |
secondary banking connection |
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Schoellerbank Aktiengesellschaft, 1011 Wien |
19200 |
secondary banking connection |
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Steiermärkische Bank und Sparkassen Aktienges., 8011 Graz |
20815 |
secondary banking connection |
Historical development
|
Year of incorporation: |
1948 |
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Date of registration: |
1949-03-19 |
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Change of company name: |
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From |
To |
Company name |
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2008-04-02 |
Wilhelm Zultner & Co |
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Former executives: |
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From |
To |
Function |
Name |
|
1996-12-10 |
2000-03-09 |
individual signing clerk |
Eduard Jöller |
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1996-12-10 |
joint signing clerk |
Eduard Jöller |
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|
1996-12-10 |
joint signing clerk |
Karoline Lafer |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)