MIRA INFORM REPORT
|
Report Date : |
14.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GFM – GMBH |
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Registered Office : |
Ennserstraße 14, A-4400 Steyr |
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Country : |
Austria |
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Financials (as on) : |
30.09.2007 |
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Year of Establishment : |
1946 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of metal forming machinery |
RATING &
COMMENTS
|
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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Maximum Credit Limit : |
EUR 1.067.000,00 |
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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: |
GFM - GmbH |
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Status: |
active company |
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Locations: |
Ennserstraße 14, A-4400 Steyr |
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Phone: |
(7252) 898 |
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Fax: |
(7252) 74934 |
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E-mail: |
info@gfm.at |
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Internet: |
http://www.gfm.at |
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Activities: |
Önace 28410 100% Manufacture of metal forming machinery |
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General Assessment: |
No 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. The
solvency of the company is above average, risk is considered very low. |
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Detail Assessment: |
Payment Payments are made within net agreements. |
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Assessment Financial situation is satisfactory. |
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Maximum credit EUR 1.067.000,00 |
Additional company information
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Year of incorporation: |
1946 |
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Type of company: |
Manufacturing |
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Legal form: |
limited liability company since 1994-06-22 |
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Firmenbuchnummer: |
FN 106678 f Steyr 1994-07-06 |
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Activities: |
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VAT number: |
ATU 36770106 |
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number - Austrian National Bank: |
2332361 |
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Import |
Country |
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Import |
USA |
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2008 |
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Import |
European Union |
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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
|
total turnover (total sales) |
2007 |
EUR 46.381.083,12 |
(exact) |
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total turnover (total sales) |
2006 |
EUR 47.825.745,00 |
(exact) |
|
total turnover (total sales) |
2005 |
EUR 48.087.969,00 |
(exact) |
|
total turnover (total sales) |
2004 |
EUR 40.250.167,00 |
(exact) |
|
total turnover (total sales) |
2003 |
EUR 43.154.035,00 |
(exact) |
|
total employees |
2008 |
237 |
(exact) |
|
white collar workers |
2008 |
93 |
(exact) |
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blue collar workers |
2008 |
144 |
(exact) |
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total stock |
2008 |
EUR 6.250.000,00 |
(average) |
|
total company vehicles |
2008 |
9 |
(exact) |
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cars |
2008 |
4 |
(exact) |
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lorries up to 3.5t |
2008 |
4 |
(exact) |
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lorries more than 3.5t |
2008 |
1 |
(exact) |
Extraxt from the Companies' House
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firm
(style): |
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1 GFM - 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 Steyr |
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business
adress: |
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1 Ennser Str. 14 |
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capital: |
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12 EUR 1.000.000 |
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reference
date annual accounts: |
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1 30. September |
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annual
accounts: |
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20 zum 30.09.2007
eingereicht am 04.04.2008 |
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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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B Franz
Schopper, geb. 23.07.1949 |
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managing
director: |
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C Dipl.Phys.
Robert Kralowetz, geb. 08.09.1947 |
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shareholder: |
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C Dipl.Phys.
Robert Kralowetz, geb. 08.09.1947 |
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general
table: |
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Antrag auf Neueintragung einer Firma eingelangt am 05.07.1994 |
Comment on Legal Information
Real
estate:
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Registration number of real estate 1801
Cadastral register 49233 Steyr O PG: Steyr Number and date
of entry 3885/1995 Status of 2008-05-05 |
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Part
A - type of real estate : |
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GST-NR BA
(NUTZUNG) FLÄCHE
GST-ADRESSE |
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Part
B - ownership details : |
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2 ANTEIL: 1/1 |
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Part
C - registered charges : |
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lastenfrei |
Private data
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions
(as registered in the companies' house) |
|
Dipl-Phys. Robert Kralowetz |
1947-09-08 |
4400 Steyr Raimundstraße 1 |
manager, partner, head of sales, head of marketing, head of personnel |
1 |
|
Ing. Helmut Novak |
1939-08-22 |
4400 Steyr Seifentruhe 13 |
manager |
0 |
|
Franz Schopper |
1949-07-23 |
4431 Haidershofen Vestenthal 71 |
joint signing clerk, head of accounting |
3 |
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Ing. Johann Maresch |
|
4400 Steyr Ennserstraße 14(c/o) |
head of purchasing |
0 |
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Dipl-Ing. Wilhelm Trompler |
1946-02-14 |
4400 Steyr Fischergasse 9 |
head of EDP |
0 |
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Dipl-Ing. Robert Koppensteiner |
|
4400 Steyr Ennserstraße 14(c/o) |
technical director |
0 |
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Walter Gabath |
|
4400 Steyr Ennserstraße 14(c/o) |
head of personnel |
0 |
Balance Sheet (absolute) all
amounts in EUR
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|
2007-09-30 |
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Intangible assets |
7.959,00 |
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Sum intangible assets |
7.959,00 |
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Land and leasehold rights with buildings thereon including
building on land owned by third parties |
3.241.856,42 |
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Technical plants and machines |
151.667,00 |
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Sum tangible assets |
3.871.054,42 |
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Other financial assets, values and securities of fixed
assets |
4.671.498,50 |
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Sum financial assets |
4.671.498,50 |
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Sum fixed assets |
8.550.511,92 |
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Raw-, auxiliary materials and supplies |
2.759.867,47 |
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Unfinished products |
19.891.906,34 |
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Finished products |
693.883,66 |
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Advanced payments |
1.672.796,28 |
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Received advanced payments for orders |
-18.767.957,62 |
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Sum stock |
6.250.496,13 |
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Claims from delivered goods and performed services |
4.250.647,60 |
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Other claims and assets |
768.340,84 |
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Claims against companies with shareholding relationship |
832.102,34 |
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Sum claims |
5.851.090,78 |
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Securities and shares |
9.154.788,43 |
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Sum securities and shares |
9.154.788,43 |
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Cash on hand, cheques and bank deposits |
44.165.577,98 |
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Sum cash and bank |
44.165.577,98 |
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Sum current assets |
65.421.953,32 |
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Deferred charges |
15.870,00 |
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Sum deferred charges |
15.870,00 |
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Assets |
73.988.335,24 |
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Subscribed/declared capital |
1.000.000,00 |
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Profit reserves |
13.055.253,16 |
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Balance sheet profit/balance sheet loss |
13.989.510,61 |
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Thereof profit/loss carried forward |
9.207.957,29 |
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Sum equity capital |
28.044.763,77 |
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Valuation reserves due to special depreciations and |
49.570,74 |
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Sum reserves before taxes |
49.570,74 |
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Reserves for severance pays |
5.149.079,00 |
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Tax reserves |
4.387.900,00 |
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Other reserves |
7.583.053,60 |
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Sum reserves |
17.120.032,60 |
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Received advanced payments for orders |
23.849.306,62 |
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Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
2.112.477,93 |
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Liabilities against related firms |
337.808,53 |
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Other liabilities |
2.474.375,05 |
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Sum liabilities |
28.773.968,13 |
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Liabilities |
73.988.335,24 |
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Balance sheet sum |
73.988.335,24 |
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P / L
Account (absolute) all amounts in EUR
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2007-09-30 |
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Gross sales |
46.381.083,12 |
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Increase or decrease in finished and unfinished goods and
in service claims |
1.835.842,32 |
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Other manufacturing costs capitalized |
80,64 |
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Sum turnover or sum gross profit |
48.217.006,08 |
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Other operating profits |
3.734.771,52 |
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Other operating profits totally |
3.734.771,52 |
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Material costs and expenses for obtained services |
-16.683.495,75 |
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Costs for obtained services totally |
-16.683.495,75 |
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Personnel expenses |
-17.606.023,46 |
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Personnel expenses totally |
-17.606.023,46 |
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Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-352.270,93 |
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Depreciation tangible assets / intangible assets
totally |
-352.270,93 |
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Other operating expenses |
-12.245.055,28 |
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Other operating costs totally |
-12.245.055,28 |
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Operating result totally |
5.064.932,18 |
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Interest income, securties income and similar income |
1.561.673,42 |
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Financial profits |
333.041,05 |
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Interest and similar disbursements |
-99.512,59 |
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Financial expenses |
-389.674,54 |
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Financial profits totally |
1.405.527,34 |
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Results from usual business activity
totally |
6.470.459,52 |
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Taxes on income and profits |
-2.635.108,04 |
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Taxes on income and profits totally |
-2.635.108,04 |
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Annual surplus/annual deficit totally |
3.835.351,48 |
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Dissolution reserves before taxes |
1.455,00 |
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Dissolution profit reserves |
944.746,84 |
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Reserves movements totally |
946.201,84 |
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Annual profit/annual loss
totally |
4.781.553,32 |
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Profit and loss carried forward from previous year |
9.207.957,29 |
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Transfer of profits totally |
9.207.957,29 |
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B/S profit/ B/S loss from profit and
loss account |
13.989.510,61 |
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Key ratios
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2007 |
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Cash flow II |
4.187.622,41 |
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Debt amortisation period |
7,46 |
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Bank indebtedness |
0,00 |
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Equity capital share |
56,03 |
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Social capital share |
6,95 |
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Fixed assets coverage |
388,78 |
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Net profit ratio |
13,41 |
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Capital turnover |
0,65 |
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Return on investment |
8,87 |
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Cash flow in % of operating performance |
8,68 |
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Cash flow I |
6.822.730,45 |
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Gross productivity |
2,73 |
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Net productivity |
1,79 |
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Operating performance |
48.217.006,08 |
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Inventories in % of operating performance |
12,96 |
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Gross profit |
31.533.510,33 |
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Locations
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Type |
Locations |
Description |
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E-mail |
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operational |
Ennserstraße 14, A-4400 Steyr |
registered office |
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operational |
Ennserstraße 14, A-4400 Steyr |
registered headquarters, owned property |
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info@gfm.at |
related companies
|
Company name |
Postal code |
Stake in % |
number |
Companies House |
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Shares in this company are
held by: |
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Dipl-Phys. Robert Kralowetz |
Raimundstraße 1, A-4400 Steyr |
100 % 2008-04-15 |
910.554.645 |
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This company holds less than
50% of the shares in: |
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KEBA Facility Management GesmbH |
Gewerbepark Urfahr 14-16, A-4040 Linz |
40 % 2008-10-14 |
903.775 |
FN 161893 d |
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RGFM Management GmbH |
Ennserstraße 14, A-4400 Steyr |
1 % 2008-04-15 |
1.474.197 |
FN 276061 y |
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Affiliated companies and
further participations: |
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KEBA Facility Management GesmbH & Co |
Gewerbepark Urfahr , A-4041 Linz |
% 2008-10-14 |
906.812 |
FN 162441 i |
Bankers
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Banker |
Bank sort code |
Type of banking connection |
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Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
main bank connection |
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UniCredit Bank Austria AG, 4400 Steyr |
12000 |
secondary banking connection |
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Oberbank AG, 4400 Steyr |
15000 |
secondary banking connection |
Historical development
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Year of incorporation: |
1946 |
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Date of registration: |
1994-07-06 |
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Change in share capital: |
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From |
To |
Capital |
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2002-06-14 |
ATS 10.000.000,00 |
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2002-06-14 |
|
EUR 1.000.000,00 |
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Former executives: |
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From |
To |
Function |
Name |
|
1995-02-18 |
2003-03-08 |
manager |
Dipl-Ing. Gottfried Blaimschein |
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|
2001-07-31 |
joint signing clerk |
Franz Berger |
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Former shareholders: |
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From |
To |
Function |
Name |
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|
1999-06-24 |
partner |
GFM-Holding Aktiengesellschaft |
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1999-06-24 |
2008-04-10 |
partner |
GFM Beteiligungs- und Management GmbH & Co KG |
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2008-04-10 |
2008-04-15 |
partner |
GFM Beteiligungs- und Management GmbH |
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Mergers: |
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|
Date |
Function |
Name |
|
2008-04-15 |
merged with |
GFM Beteiligungs- und Management GmbH |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.68 |
|
UK Pound |
1 |
Rs.74.64 |
|
Euro |
1 |
Rs.62.58 |
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%)