MIRA
INFORM REPORT
|
Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
KELLNER & KUNZ AKTIENGESELLSCHAFT |
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|
|
Registered Office : |
Boschstraße 35-37, A-4600 Wels, (Zentrale,
Logistikzentrum) |
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Country : |
Austria |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1922 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale and Retail Trade; Repair of Motor Vehicles Wholesale of Electronic and Telecommunications Equipment
and Parts |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic company information
|
Company name: |
Kellner & Kunz Aktiengesellschaft |
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Status: |
active company |
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Locations: |
Boschstraße 35-37, A-4600 Wels, (Zentrale,
Logistikzentrum) |
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Phone: |
(7242) 4840 |
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Fax: |
(7242) 4840 - 920 |
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E-mail: |
wels@reca.co.at |
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E-mail: |
info@reca.co.at |
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Internet: |
http://www.reca.co.at |
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Activities: |
Önace 46520 60% Wholesale of electronic and
telecommunications equipment and parts |
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|
Önace 46740 25% Wholesale of hardware, plumbing and
heating equipment and supplies |
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|
Önace 47789 15% Other retail sale of new goods n.e.c. in
specialised stores |
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General Assessment: |
Rating 184 (PD 0,03% according
to Basel II) No 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. The
solvency of the company is above average, risk is considered very low. |
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Detail Assessment: |
Payments are sometimes made using cash discounts or
according to conditions. |
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Financial situation is very good. |
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|
Maximum credit EUR
2.578.000,00 |
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|
Additional company information
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Year of incorporation: |
1922 |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
joint stock company since 1973-07-03 |
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Firmenbuchnummer: |
FN 120036 z Wien 1973-07-27 |
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ARA-number: |
2305 |
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VAT number: |
ATU 16380002 |
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number - Austrian National Bank: |
24350 |
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Import |
Country |
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Import |
European Union |
|
2008 |
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Export |
Country |
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Export |
Bosnia Herzegovina |
|
2008 |
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|
Export |
Bulgaria |
|
2008 |
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|
Export |
Croatia |
|
2008 |
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|
Export |
Czech Republic |
|
2008 |
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|
Export |
Greece |
|
2008 |
|
|
Export |
Hungary |
|
2008 |
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|
Export |
Poland |
|
2008 |
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|
Export |
Rumania |
|
2008 |
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Export |
Slovak Republic |
|
2008 |
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Export |
Slovenia |
|
2008 |
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Export |
Turkey |
|
2008 |
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Export |
Serbien und Montenegro |
|
2008 |
|
Financial data
|
total turnover (total sales) |
2008 |
EUR 102.000.000,00 |
(planned) |
|
total turnover (total sales) |
2007 |
EUR 93.719.270,06 |
(exact) |
|
total turnover (total sales) |
2006 |
EUR 78.984.570,56 |
(exact) |
|
total turnover (total sales) |
2005 |
EUR 71.035.710,60 |
(exact) |
|
total turnover (total sales) |
2004 |
EUR 64.172.323,55 |
(exact) |
|
turnover (sales) - including
subsidiaries |
2008 |
EUR 146.000.000,00 |
(planned) |
|
turnover (sales) - including
subsidiaries |
2007 |
EUR 128.500.000,00 |
(exact) |
|
turnover (sales) - including
subsidiaries |
2006 |
EUR 107.400.000,00 |
(exact) |
|
turnover (sales) - including
subsidiaries |
2005 |
EUR 93.100.000,00 |
(exact) |
|
turnover (sales) - including
subsidiaries |
2004 |
EUR 82.500.000,00 |
(exact) |
|
total employees |
2008 |
416 |
(approx.) |
|
total stock |
2007 |
EUR 8.900.000,00 |
(average) |
|
total investments |
2008 |
EUR 23.000.000,00 |
(expected) |
|
total company vehicles |
2008 |
240 |
(approx.) |
Extraxt from the Companies' House
|
firm
(style): |
|
1 Kellner & Kunz
Aktiengesellschaft |
|
legal
form: |
|
1
Aktiengesellschaft |
|
registered
office: |
|
1 politischer
Gemeinde Wien |
|
business
adress: |
|
2 Großmarktstr.
14 |
|
capital: |
|
10 EUR 5.451.000 |
|
reference
date annual accounts: |
|
1 31. Dezember |
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annual
accounts: |
|
17 zum 31.12.2007
eingereicht am 20.03.2008 |
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power
of representation: |
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1 Die
Gesellschaft wird, wenn mehrere Vorstandsmitglieder |
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other
provisions: |
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1 Der Vorstand
besteht aus 1, 2, 3, 4 oder 5 Personen. |
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board
of directors: |
|
J Mag. Ernst
Wiesinger, geb. 08.06.1962 |
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proxy: |
|
E Othmar Haidenthaller,
geb. 17.07.1947 |
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supervisory
board: |
|
F Peter
Kobetitsch, geb. 05.06.1938 |
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general
table: |
|
Handelsgericht Wien |
Comment on Legal
Information:
Real estate:
|
Registration number of real estate 3835
Cadastral register 01803 Inzersdorf W PG: Wien Number and
date of entry 945/1988 Status of 2008-01-15 |
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Part
A - type of real estate : |
|
(01803) Wagner-Schönkirch-Gasse 11, Großmarktstraße 14, |
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Part
B - ownership details : |
|
1987 Kellner & Kunz Aktiengesellschaft 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) |
|
Walter Bostelmann |
1971-06-18 |
4600 Wels Spitzwegstraße 7 |
joint signing clerk |
0 |
|
Othmar Haidenthaller |
1947-07-17 |
4690 Schwanenstadt Stadtplatz
59 |
joint signing clerk |
0 |
|
Mag. Harald Mager |
1969-06-19 |
4591 Molln Schmiedstraße 22 |
joint signing clerk |
0 |
|
Mag. Astrid Siegel |
1965-12-01 |
4060 Leonding Gaumbergstraße
16 |
member of the executive board |
0 |
|
Mag. Ernst Wiesinger |
1962-06-08 |
4074 Stroheim Stroheim 50 |
member of the executive board |
0 |
|
Peter Kobetitsch |
1938-06-05 |
1080 Wien Alserstraße 23 |
chairman of the supervisory
board |
8 |
|
|
beeid. Buchprüfer und Steuerbe |
|||
|
Karl Eder |
1942-09-23 |
4582 Spital Pyhrn Pyhrn 123 |
deputy chairman of the
supervisory board |
0 |
|
Gerhard Knoblauch |
1948-09-02 |
1230 Wien Großmarktstraße 14
(c/o) |
member of the supervisory
board |
0 |
|
Peter Schneider |
1944-02-28 |
1230 Wien Großmarktstraße
14(c/o) |
member of the supervisory
board |
0 |
|
Dr. Harald Unkelbach |
1947-04-10 |
74676 Niedernhall
Mainzerstraße 4 |
member of the supervisory
board |
0 |
|
Horst Kamleitner |
|
1230 Wien Großmarktstraße 14
(c/o) |
head of accounting |
0 |
|
Walter Bostelmann |
|
1230 Wien Großmarktstraße
14(c/o) |
head of purchasing, head of sales |
0 |
|
Otto Haller |
|
1230 Wien Großmarktstraße
14(c/o) |
head of EDP |
0 |
Balance Sheet (absolute) all
amounts in EUR
|
|
2007-12-31 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar
rights and advantages |
194.112,66 |
|
|
|
|
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Sum intangible assets |
194.112,66 |
|
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|
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|
|||||
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Land and leasehold rights with buildings thereon including
building on land owned by third parties |
11.588.052,77 |
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|
|
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Sum tangible assets |
12.514.192,12 |
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|
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|||||
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Shares on related firms |
5.854.262,53 |
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|
|
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Other shareholdings |
2.300.813,47 |
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|
|
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Loans to related firms |
635.440,00 |
|
|
|
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Other financial assets, values and securities of fixed
assets |
625.387,86 |
|
|
|
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Sum financial assets |
9.415.903,86 |
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|
|||||
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Sum fixed assets |
22.124.208,64 |
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|
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|
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Raw-, auxiliary materials and supplies |
234.971,00 |
|
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|
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Stocks |
8.663.709,79 |
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|
|
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Sum stock |
8.898.680,79 |
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|
|||||
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Claims from delivered goods and performed services |
8.359.407,67 |
|
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|
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Other claims and assets |
697.982,94 |
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|
|
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Claims against companies with shareholding relationship |
230.081,35 |
|
|
|
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Claims against related firmes Claims against companies
with shareholding relationship |
15.492.628,94 |
|
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|
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Sum claims |
24.780.100,90 |
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|
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|||||
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Cash on hand, cheques and bank deposits |
531.692,71 |
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|
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Sum cash and bank |
531.692,71 |
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|
|
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|||||
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Sum current assets |
34.210.474,40 |
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|
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|
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Deferred charges |
107.072,24 |
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|
|
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Sum deferred charges |
107.072,24 |
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|
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Assets |
56.441.755,28 |
|
|
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|
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|
|||||
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Subscribed/declared capital |
5.451.000,00 |
|
|
|
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Committed capital reserves |
2,56 |
|
|
|
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Legal reserves |
545.100,00 |
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|
|
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Free reserves |
10.238.340,99 |
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|
|
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Balance sheet profit/balance sheet loss |
26.075.818,51 |
|
|
|
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Thereof profit/loss carried forward |
19.401.492,03 |
|
|
|
|
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Sum equity capital |
42.310.262,06 |
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|
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|
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|||||
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Reserves for severance pays |
2.318.399,00 |
|
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|
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Tax reserves |
700.000,00 |
|
|
|
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|
Other reserves |
1.440.668,00 |
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|
|
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Sum reserves |
4.459.067,00 |
|
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|||||
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Liabilities from delivered goods and performed services from
the acceptance of drafts and emission of promissory notes |
5.231.294,78 |
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Liabilities against related firms |
2.261.223,79 |
|
|
|
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Other liabilities |
2.179.907,65 |
|
|
|
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Sum liabilities |
9.672.426,22 |
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|||||
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Liabilities |
56.441.755,28 |
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|
|
|
|
|
|||||
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Balance sheet sum |
56.441.755,28 |
|
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P / L Account
(absolute) all amounts in EUR
|
|
2007-12-31 |
|
|
|
|
|
Gross sales |
93.719.270,06 |
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|
|
|
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Sum turnover or sum gross profit |
93.719.270,06 |
|
|
|
|
|
|
|||||
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Other operating profits |
901.990,20 |
|
|
|
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Other operating profits totally |
901.990,20 |
|
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Costs for obtained services |
-1.106.512,07 |
|
|
|
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Special account material costs |
-52.713.499,90 |
|
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|
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Costs for obtained services totally |
-53.820.011,97 |
|
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|||||
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Wages |
-1.180.591,69 |
|
|
|
|
|
Salaries |
-14.379.108,05 |
|
|
|
|
|
Costs for severance pays |
-96.788,05 |
|
|
|
|
|
Legal fringe benefits and other payments depending on
salaries |
-5.159.211,17 |
|
|
|
|
|
Other social fringe benefits |
-145.591,54 |
|
|
|
|
|
Personnel expenses totally |
-20.961.290,50 |
|
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Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-804.065,64 |
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|
|
|
|
Depreciation tangible assets / intangible assets
totally |
-804.065,64 |
|
|
|
|
|
|
|||||
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Costs motor vehicles |
-2.508.768,57 |
|
|
|
|
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Different operating costs |
-2.953.618,74 |
|
|
|
|
|
Different operating costs |
-471.739,33 |
|
|
|
|
|
Marketing costs |
-4.631.830,60 |
|
|
|
|
|
Administration costs |
-1.663.986,04 |
|
|
|
|
|
Other taxes |
-191.222,01 |
|
|
|
|
|
Other operating costs totally |
-12.421.165,29 |
|
|
|
|
|
|
|||||
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Operating result totally |
6.614.726,86 |
|
|
|
|
|
|
|||||
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Profits from shareholdings |
1.008.422,59 |
|
|
|
|
|
Interest income, securties income and similar income |
575.316,78 |
|
|
|
|
|
Financial profits |
30.756,78 |
|
|
|
|
|
Disbursements from other financial assets and from
securities of current assets (e.g. depreciations) |
-27.339,36 |
|
|
|
|
|
Interest and similar disbursements |
-389,05 |
|
|
|
|
|
Financial profits totally |
1.586.767,74 |
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
8.201.494,60 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-1.527.168,12 |
|
|
|
|
|
Taxes on income and profits totally |
-1.527.168,12 |
|
|
|
|
|
Annual surplus/annual deficit
totally |
6.674.326,48 |
|
|
|
|
|
|
|||||
|
Annual profit/annual loss
totally |
6.674.326,48 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
19.401.492,03 |
|
|
|
|
|
Transfer of profits totally |
19.401.492,03 |
|
|
|
|
|
B/S profit/ B/S loss from profit and
loss account |
26.075.818,51 |
|
|
|
|
Key ratios
|
|
2007 |
|
|
|
|
|
|
Cash flow II |
7.478.392,12 |
|
|
|
|
|
|
Debt amortisation period |
1,81 |
|
|
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|
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Bank indebtedness |
0,00 |
|
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|
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Equity capital share |
74,96 |
|
|
|
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Social capital share |
4,10 |
|
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|
|
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Fixed assets coverage |
201,71 |
|
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|
|
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|
Net profit ratio |
8,75 |
|
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|
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|
Capital turnover |
1,66 |
|
|
|
|
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|
Return on investment |
14,53 |
|
|
|
|
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Cash flow in % of operating performance |
7,97 |
|
|
|
|
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|
Cash flow I |
9.005.560,24 |
|
|
|
|
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Gross productivity |
4,47 |
|
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|
|
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Net productivity |
1,90 |
|
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|
|
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Operating performance |
93.719.270,06 |
|
|
|
|
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Inventories in % of operating
performance |
9,49 |
|
|
|
|
|
|
Gross profit |
39.899.258,09 |
|
|
|
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|
Locations
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Großmarktstraße 14, A-1230 Wien |
registered office |
|
|
|
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|
operational |
Gradnerstraße 96, A-8055 Graz Puntigam |
registered branch office |
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|
operational |
Boschstraße 35 und 37, A-4600 Wels |
registered branch office |
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|
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|
operational |
Boschstraße 35-37, A-4600 Wels, (Zentrale,
Logistikzentrum) |
registered headquarters, owned property |
|
|
|
wels@reca.co.at info@reca.co.at |
|
operational |
Großmarktstraße 14, A-1230 Wien |
branch office, owned property |
|
|
|
wien@reca.co.at |
|
operational |
Wirtschaftspark 11, A-9130 Poggersdorf |
branch office, rented premises |
|
|
|
klagenfurt@reca.co.at |
|
operational |
Eduard Bodemgasse 2, A-6020 Innsbruck |
branch office, rented premises |
|
|
|
innsbruck@reca.co.at |
|
operational |
Vogelweiderstraße 115, A-5020 Salzburg |
branch office, rented premises |
|
|
|
salzburg@reca.co.at |
|
operational |
Grillweg 24, A-8053 Graz Neuhart |
branch office, rented premises |
|
|
|
graz@reca.co.at |
|
former |
Grillweg 24, A-8053 Graz Neuhart |
registered branch office |
|
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|
former |
Rosentalerstraße 92, A-9020 Klagenfurt |
branch office |
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related companies
|
Company name |
Postal code |
Stake in % |
Companies House |
|
|
|
Shares in this company are
held by: |
|||||
|
Grass GmbH |
Grassplatz 1, A-6973
Höchst |
99 % |
FN 69397 f |
|
|
|
Würth International AG |
Aspermontstraße 1,
CH-7000 Chur |
1 % |
|
|
|
|
|
|||||
|
This company holds 50% to 99% of
the shares in: |
|||||
|
SCHMID SCHRAUBEN HAINFELD GmbH |
Landsthal 10, A-3170
Hainfeld |
99.8 % 2005-04-22 |
530.099 |
FN 97084 x |
|
|
|
|||||
|
Affiliated companies and
further participations: |
|||||
|
Würth Handelsgesellschaft
m.b.H. |
Würthstraße 1, A-3071
Böheimkirchen |
|
60.245 |
FN 51475 z |
|
Bankers
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
Allgemeine Sparkasse Oberösterreich Bankaktienges., 4041
Linz |
20320 |
main bank connection |
|
Bank Austria Creditanstalt AG, 1011 Wien |
12000 |
secondary banking connection |
|
Oberbank AG, 4010 Linz |
15000 |
secondary banking connection |
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
secondary banking connection |
|
BAWAG P.S.K. Bank für Arbeit und Wirtschaft, 1018 Wien |
60000 |
secondary banking connection |
Historical development
|
Year of incorporation: |
1922 |
|
Date of registration: |
1973-07-27 |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2002-04-08 |
ATS 75.000.000,00 |
|
2002-04-08 |
|
EUR 5.451.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
2006-01-27 |
joint signing clerk |
Friedrich Wildberger |
|
|
2008-03-28 |
joint signing clerk |
Manfred Lettner |
|
|
2000-02-25 |
member of the executive board |
Otto Beilharz |
|
|
2006-01-27 |
member of the executive board |
Karl Eder |
|
1994-09-29 |
1998-05-05 |
deputy chairman of the
supervisory board |
Hans Pronk |
|
1999-03-04 |
2000-02-25 |
deputy chairman of the
supervisory board |
Günter Theurer |
|
2000-02-25 |
2006-03-14 |
deputy chairman of the
supervisory board |
Otto Beilharz |
|
|
1902-02-02 |
member of the supervisory
board |
Hans Pronk |
|
|
1999-03-04 |
member of the supervisory board |
Günter Theurer |
|
2000-02-25 |
2004-03-09 |
member of the supervisory board |
Günter Theurer |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
1996-03-16 |
2003-01-18 |
Hommel + Seitz Gesellschaft m.b.H. |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. |
|
UK Pound |
1 |
Rs. |
|
Euro |
1 |
Rs. |
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%)