MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
FAROMED HANDELSGESELLSCHAFT M.B.H. |
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Registered Office : |
Johann Straußgasse 7/5, A-1040 Wien |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
02.10.1993 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail trade; repair of motor vehicles |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 3.000,00 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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|
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
company information
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Last up-date: |
2011-04-12 |
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Company name: |
Faromed Handelsgesellschaft
m.b.H. |
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Status: |
active company |
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Locations: |
Johann Straußgasse 7/5, A-1040 Wien |
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Phone: |
0043 (1) 5057474 |
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Fax: |
0043 (1) 5057474 - 74 |
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E-mail: |
faromed@aon.at |
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Internet: |
http://www.faromed.at |
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Activities: |
Önace 46461 50% Wholesale of pharmaceutical products |
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Önace 21200 50% Manufacture of pharmaceutical preparations |
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General Assessment: |
The Rating of this company is worse than industry average. |
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Detail Assessment: |
Payment 300 Payments are made according to conditions. There are no negative
experiences at this time. |
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Assessment 400 Overall financial situation is still average. |
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Maximum credit EUR 3.000,00 |
Additional
company information
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Year of incorporation: |
1993 |
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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 1993-09-21 |
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companies’ house number: |
FN 52109 g Wien 1993-10-02 |
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Activities: |
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VAT number: |
ATU 14273007 |
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number – Austrian National Bank: |
2039001 |
Financial
data
|
total turnover (total sales) |
2010 |
|
(no figures known) |
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total employees |
2011 |
3 |
(approx.) |
Extraxt
from the Companies' House
|
firm
(style): |
|
1
Faromed Handelsgesellschaft m.b.H. |
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legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
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registered
office: |
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1
politischer Gemeinde Wien |
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business
address: |
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1
Johann Strauß-Gasse 7/5 |
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capital: |
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1
ATS 500.000 |
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reference
date annual accounts: |
|
18
31. März |
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annual
accounts: |
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22
zum 31.03.2010 eingereicht am 25.02.2011 |
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power
of representation: |
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1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
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managing
director: |
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F
Vinay Ramakant Sapte, geb. 01.06.1955 |
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shareholder: |
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G
MANEESH Pharmaceuticals PVT.Ltd |
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general
table: |
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Handelsgericht Wien |
Real
estate
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Real
estate text: |
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No real estate property registered |
Private
data
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Surname
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Date of birth
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Address
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Executive positions
|
Further executive positions (as registered in the companies' house) |
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Vinay Ramakant Sapte |
1955-06-01 |
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manager |
0 |
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Mag.Dr. Charlie Farr |
1947-09-19 |
1180 Wien Herbeckstraße 23 |
head of accounting, head of purchasing, head of sales |
0 |
Balance
Sheet
(absolute) all amounts in
EUR
|
|
2010-03-31 |
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Intangible assets |
1.809,98 |
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Sum intangible assets |
1.809,98 |
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Tangible assets |
540,08 |
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Sum tangible assets |
540,08 |
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Sum fixed assets |
2.350,06 |
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Stocks |
32.000,00 |
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Sum stock |
32.000,00 |
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Claims and other assets |
175.717,22 |
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Sum claims |
175.717,22 |
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Cash on hand, cheques and bank deposits |
6.147,93 |
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Sum cash and bank |
6.147,93 |
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Sum current assets |
213.865,15 |
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Assets |
216.215,21 |
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Subscribed/declared capital |
18.168,21 |
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Profit reserves |
2.688,43 |
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Balance sheet profit/balance sheet loss |
-176.056,30 |
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Thereof profit/loss carried forward |
-100.929,88 |
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Sum equity capital |
-155.199,66 |
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Reserves |
8.250,00 |
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Sum reserves |
8.250,00 |
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Liabilities |
363.164,87 |
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Sum liabilities |
363.164,87 |
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Liabilities |
216.215,21 |
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Balance sheet sum |
216.215,21 |
Key
ratios
|
|
2010 |
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Equity capital share |
-71,78 |
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Fixed assets coverage |
-6.604,07 |
Locations
|
Type |
Locations |
Description |
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E-mail |
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operational |
Johann Straußgasse 7/5, A-1040 Wien |
registered office, rented premises |
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operational |
Johann Straußgasse 7/5, A-1040 Wien |
registered headquarters, rented premises |
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|
faromed@aon.at |
related
companies
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Company name |
Postal code |
Stake in % |
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Shares in this company are
held by: |
||||
|
MANEESH Pharmaceuticals PVT. Ltd |
Kalpa.Ct.Dr C Groad 23, 400074 |
100 % 2007-02-14 |
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Bankers
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Banker |
Bank sort code |
Type of banking connection |
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UniCredit Bank Austria AG, 1011 Wien |
20151 |
main bank connection |
Historical
development
|
Year of incorporation: |
1993 |
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Date of registration: |
1993-10-02 |
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Former executives: |
|||
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From |
To |
Function |
Name |
|
|
2011-04-05 |
manager |
Mag.Dr. Charlie Farr |
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Former shareholders: |
|||
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From |
To |
Function |
Name |
|
1993-09-21 |
2002-05-14 |
partner |
Dr. Louis Foramitti |
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1993-09-21 |
2005-09-07 |
partner |
Mag. Sabine Farr |
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2002-06-19 |
2005-09-07 |
partner |
Sebastian Farr |
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2002-05-14 |
2005-09-07 |
partner |
Mag. Katrin Hanschitz |
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1993-09-21 |
2007-02-14 |
partner |
Mag.Dr. Charlie Farr |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
RATING EXPLANATIONS
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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 |
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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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.