MIRA
INFORM REPORT
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Report Date : |
03.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
F.J. ELSNER TRADING GMBH |
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Registered Office : |
Am Heumarkt 10, A-1030 Wien |
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Country : |
Austria |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Chemical Products |
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 10.500.000,00 |
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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: |
F.J. Elsner Trading Gesellschaft mbH |
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Status: |
active company |
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Locations: |
Am Heumarkt 10, A-1030 Wien |
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Phone: |
(1) 79736 |
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Fax: |
(1) 79736 - 230 |
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E-mail: |
office@elsner.at |
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Internet: |
http://www.elsner.at |
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Activities: |
Önace 46750 50% Wholesale of chemical products |
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Önace 46721 50% 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: |
Merchandise is mainly imported. Domestic obligations are settled
within net agreements. |
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Financial situation is average. |
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Maximum credit EUR 10.500.000,00 |
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Additional company information
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Year of incorporation: |
2001 |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability company since 2001-07-16 |
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Firmenbuchnummer: |
FN 212334 g Wien 2001-10-10 |
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Activities: |
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VAT number: |
ATU 52886505 |
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number - Austrian National Bank: |
5252849 |
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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) |
2008 |
EUR 500.000.000,00 |
(approx.) |
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total turnover (total sales) |
2007 |
EUR 461.432.382,61 |
(exact) |
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total turnover (total sales) |
2006 |
EUR 179.364.504,40 |
(exact) |
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total turnover (total sales) |
2005 |
EUR 245.107.034,09 |
(exact) |
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total turnover (total sales) |
2004 |
EUR 152.160.114,00 |
(exact) |
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total employees |
2008 |
58 |
(exact) |
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white collar workers |
2008 |
58 |
(exact) |
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total company vehicles |
2008 |
7 |
(exact) |
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cars |
2008 |
7 |
(exact) |
Extraxt from the Companies' House
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firm (style): |
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1
F.J. Elsner Trading Gesellschaft mbH |
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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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5 politischer Gemeinde
Wien |
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business adress: |
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6 Am Heumarkt 10 |
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capital: |
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1 EUR 35.000 |
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reference date
annual accounts: |
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1 30. Juni |
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annual accounts: |
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12 zum 30.06.2007
eingereicht am 29.04.2008 |
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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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C Roman Eichhorn, geb.
26.11.1954 |
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managing
director: |
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A Dr. Siegfried Purrer, geb.
17.10.1949 |
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shareholder: |
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E F.J. Elsner & Co.
Gesellschaft mbH |
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general table: |
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Handelsgericht Wien |
Comment on Legal
Information:
Real estate:
Private data:
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered
in the companies' house) |
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Ignaz Mascha |
1959-09-25 |
3040 Neulengbach Wimmergasse 47 |
manager |
2 |
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Dr. Siegfried Purrer |
1949-10-17 |
4614 Marchtrenk Mozartstraße 2a |
manager |
1 |
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Roman Eichhorn |
1954-11-26 |
2102 Kleinengersdorf Veiglbergweg 16 |
joint signing clerk |
0 |
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Robert Ortner |
1953-03-07 |
4060 Leonding Rottmayrstraße 32 |
joint signing clerk |
1 |
Balance Sheet
(absolute) all
amounts in EUR
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2007-06-30 |
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EDP programs |
5.826,42 |
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Sum intangible assets |
5.826,42 |
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Sum tangible assets |
147.616,31 |
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Other financial assets, values and securities of fixed assets |
46.363,10 |
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Sum financial assets |
46.363,10 |
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Sum fixed assets |
199.805,83 |
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Advanced payments |
6.760.702,73 |
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Stocks |
17.238.262,61 |
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Sum stock |
23.998.965,34 |
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Claims from delivered goods and performed services |
68.417.584,35 |
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Other claims and assets |
1.664.661,71 |
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Sum claims |
70.082.246,06 |
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Cash on hand, cheques and bank deposits |
354.460,83 |
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Sum cash and bank |
354.460,83 |
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Sum current assets |
94.435.672,23 |
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Deferred charges |
26.977,10 |
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Sum deferred charges |
26.977,10 |
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Assets |
94.662.455,16 |
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Subscribed/declared capital |
35.000,00 |
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Not committed capital reserves |
992.000,00 |
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Legal reserves |
3.500,00 |
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Free reserves |
4.226.723,19 |
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Balance sheet profit/balance sheet loss |
5.943.501,76 |
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Thereof profit/loss carried forward |
2.060.016,89 |
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Sum equity capital |
11.200.724,95 |
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Reserves for severance pays |
344.835,00 |
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Reserves for pensions |
32.631,74 |
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Tax reserves |
2.690.727,49 |
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Other reserves |
5.791.237,99 |
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Sum reserves |
8.859.432,22 |
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Liabilities against credit institutes |
41.240.987,02 |
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Received advanced payments for orders |
1.549.051,19 |
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Liabilities from delivered goods and
performed services from the acceptance of drafts and emission of promissory
notes |
30.534.053,34 |
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Liabilities against related firms |
124.265,39 |
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Other liabilities |
1.153.941,05 |
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Sum liabilities |
74.602.297,99 |
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Liabilities |
94.662.455,16 |
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Balance sheet sum |
94.662.455,16 |
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P / L Account
(absolute) all
amounts in EUR
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2007-06-30 |
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Gross sales |
461.432.382,61 |
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Sum turnover or sum gross profit |
461.432.382,61 |
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Other operating profits |
2.114.310,06 |
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Other operating profits totally |
2.114.310,06 |
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Special account material costs |
-445.311.107,87 |
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Costs for obtained services totally |
-445.311.107,87 |
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Salaries |
-3.155.052,81 |
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Costs for severance pays |
-99.769,96 |
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Costs for old age pension |
-8.396,43 |
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Legal fringe benefits and other payments
depending on salaries |
-425.401,65 |
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Other social fringe benefits |
-42.938,31 |
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Personnel expenses totally |
-3.731.559,16 |
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Depreciation of intangible assets,
tangible assets,activated expenses for the set up and expansion of business
operation |
-96.418,51 |
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Depreciation tangible assets / intangible assets totally |
-96.418,51 |
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Different operating costs |
-4.054.680,14 |
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Other taxes |
-54.208,51 |
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Other operating costs totally |
-4.108.888,65 |
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Operating result totally |
10.298.718,48 |
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Interest income, securties income and similar income |
556.838,92 |
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Financial profits |
1.692,74 |
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Disbursements from other financial assets and from securities of
current assets (e.g. depreciations) |
-1.498,00 |
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Interest and similar disbursements |
-3.747.590,29 |
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Financial profits totally |
-3.190.556,63 |
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Results from usual business activity
totally |
7.108.161,85 |
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Taxes on income and profits |
-1.224.676,98 |
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Taxes on income and profits totally |
-1.224.676,98 |
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Annual surplus/annual deficit
totally |
5.883.484,87 |
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Annual profit/annual loss totally |
5.883.484,87 |
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Profit and loss carried forward from
previous year |
60.016,89 |
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Transfer of profits totally |
60.016,89 |
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B/S profit/ B/S loss from profit and loss
account |
5.943.501,76 |
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Key ratios
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2007 |
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Cash flow II |
5.979.903,38 |
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Debt amortisation period |
13,63 |
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Bank indebtedness |
43,56 |
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Equity capital share |
12,02 |
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Social capital share |
0,39 |
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Fixed assets coverage |
5.794,72 |
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Net profit ratio |
1,54 |
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Capital turnover |
4,87 |
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Return on investment |
11,46 |
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Cash flow in % of operating performance |
1,29 |
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Cash flow I |
7.204.580,36 |
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Gross productivity |
123,65 |
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Net productivity |
4,32 |
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Operating performance |
461.432.382,61 |
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Inventories in % of operating performance |
5,20 |
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Gross profit |
16.121.274,74 |
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Locations
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Type |
Locations |
Description |
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E-mail |
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operational |
Am Heumarkt 10, A-1030 Wien |
registered office |
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operational |
Am Heumarkt 10, A-1030 Wien |
registered headquarters, rented premises |
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office@elsner.at |
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former |
Baumgasse 60b, A-1030 Wien |
registered office |
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former |
Baumgasse 60b, A-1030 Wien |
registered headquarters |
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related companies
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Company name |
Postal code |
Stake in % |
Companies House |
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Shares in this company are held by: |
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F.J. Elsner & Co. Gesellschaft mbH |
Speckbacherstraße 35a, A-6020 Innsbruck |
100 % 2001-10-10 |
FN 52843 k |
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Bankers
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Banker |
Bank sort code |
Type of banking connection |
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Raiffeisen Zentralbank Österreich Aktienges., 1011 Wien |
31000 |
main bank connection |
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Bank Austria Creditanstalt AG, 1011 Wien |
12000 |
secondary banking connection |
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Oberbank AG, 4010 Linz |
15000 |
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: |
2001 |
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Date of registration: |
2001-10-10 |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.96 |
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UK Pound |
1 |
Rs.83.91 |
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Euro |
1 |
Rs.66.36 |
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%)