MIRA INFORM REPORT
|
Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
FRANKSTAHL ROHR- UND STAHLHANDELSGESELLSCHAFT
M.B.H. |
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Registered Office : |
Frankstahlstraße 2, A-2353 Guntramsdorf |
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Country : |
Austria |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
08.03.1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of metal ores, ferrous metals in primary forms
and semi-finished ferrous metal products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
EUR 3.660.000,00 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Austria |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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
|
Last up-date: |
2011-08-11 |
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Company name: |
FRANKSTAHL Rohr- und
Stahlhandelsgesellschaft m.b.H. |
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Status: |
active company |
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Locations: |
Frankstahlstraße 2, A-2353 Guntramsdorf |
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Phone: |
0043 (5) 0503 |
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Fax: |
0043 (5) 0503 - 501 |
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E-mail: |
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Internet: |
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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: |
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: |
Payments are sometimes made using cash discounts or
according to conditions. |
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Company's financial situation is in order. Earnings
potential is positive. |
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|
Maximum credit EUR 3.660.000,00 |
Additional company information
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Year of incorporation: |
1880 |
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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 1996-02-07 |
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companies' house number: |
FN 142511 a Wien 1996-03-08 |
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Activities: |
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VAT number: |
ATU 40146908 |
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ARA-number: |
5342 |
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number - Austrian National Bank: |
2733552 |
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Import |
Country |
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Import |
world-wide |
|
2011 |
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Export |
Country |
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Export |
Bulgaria |
|
2011 |
|
|
Export |
Croatia |
|
2011 |
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|
Export |
Czech Republic |
|
2011 |
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|
Export |
Germany |
|
2011 |
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|
Export |
Hungary |
|
2011 |
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|
Export |
Italy |
|
2011 |
|
|
Export |
Poland |
|
2011 |
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|
Export |
Rumania |
|
2011 |
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|
Export |
Slovak Republic |
|
2011 |
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|
Export |
Slovenia |
|
2011 |
|
Financial data
|
total turnover (total sales) |
2010 |
EUR 159.110.734,21 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 125.699.367,75 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 230.739.311,85 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 199.112.703,62 |
(exact) |
|
total turnover (total sales) |
2006 |
EUR 160.753.894,06 |
(exact) |
|
total employees |
2011 |
260 |
(approx.) |
|
total investments |
2008 |
EUR 6.164.372,50 |
(exact) |
Extraxt from the Companies' House
|
firm
(style): |
|
1
FRANKSTAHL Rohr- und Stahlhandels- |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Wien |
|
business
adress: |
|
10
Esteplatz 6 |
|
capital: |
|
40
EUR 8.500.000 |
|
reference
date annual accounts: |
|
17
31. Dezember |
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annual
accounts: |
|
41
zum 31.12.2010 eingereicht am 21.07.2011 |
|
power
of representation: |
|
1
Die Generalversammlung bestimmt, wenn mehrere Geschäfts- |
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proxy: |
|
E
Julius Enz, geb. 24.08.1952 |
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managing
director: |
|
J
Mag. Marcel Javor, geb. 17.10.1974 |
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shareholder: |
|
L
Javor Unternehmensbeteiligungs- |
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general
table: |
|
Handelsgericht Wien |
Real estate
|
Real
estate text: |
|
No real estate property registered |
Private data
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Mag. Marcel Javor |
1974-10-17 |
1190 Wien Lannerstraße 25A |
manager |
5 |
|
Julius Enz |
1952-08-24 |
1010 Wien Rotenturmstraße
23(c/o) |
joint signing clerk |
0 |
|
Mag. Dagmar Hafner |
1968-01-03 |
3400 Klosterneuburg Friedrich
Sachergasse 40 |
joint signing clerk |
2 |
|
Rochus Herzberger |
1962-04-05 |
1070 Wien Schottenfeldgasse 6 |
joint signing clerk |
0 |
|
Dr. Ronald Nagy |
1973-12-07 |
1020 Wien Gredlerstraße 4 |
joint signing clerk, head of accounting, head of EDP |
4 |
|
Roman Potocsny |
1963-04-20 |
1110 Wien Pockbergergasse 1 |
joint signing clerk |
2 |
|
Peter Thomas |
1956-07-27 |
1010 Wien Rotenturmstraße
23(c/o) |
joint signing clerk |
0 |
|
Karl Zeinlinger |
1971-10-22 |
2353 Guntramsdorf
Veltlinerstraße 4 |
joint signing clerk |
0 |
Balance Sheet
(absolute) all amounts in EUR
|
|
2010-12-31 |
|
Franchises, patents, licences, trademarks and similar
rights and advantages |
65.687,72 |
|
Sum intangible assets |
65.687,72 |
|
Land with buildings (basic value) |
1.105.211,94 |
|
Other operating and business equipment |
1.137.746,75 |
|
Technical plants and machines |
4.867.366,88 |
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Sum tangible assets |
7.110.325,57 |
|
Shares on related firms |
4.235.000,00 |
|
Other financial assets, values and securities of fixed
assets |
214.202,96 |
|
Sum financial assets |
4.449.202,96 |
|
Sum fixed assets |
11.625.216,25 |
|
Raw-, auxiliary materials and supplies |
271.367,98 |
|
Finished products |
23.102.353,29 |
|
Sum stock |
23.373.721,27 |
|
Claims from delivered goods and performed services |
12.220.464,64 |
|
Claims against related firmes Claims against companies
with shareholding relationship |
4.331.188,34 |
|
Other claims and assets |
2.944.297,91 |
|
Sum claims |
19.495.950,89 |
|
Cash on hand, cheques and bank deposits |
149.553,78 |
|
Sum cash and bank |
149.553,78 |
|
Sum current assets |
43.019.225,94 |
|
Deferred charges |
22.860,40 |
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Sum deferred charges |
22.860,40 |
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Assets |
54.667.302,59 |
|
Subscribed/declared capital |
8.000.000,00 |
|
Not committed capital reserves |
4.200.000,00 |
|
Legal reserves |
800.000,00 |
|
Free reserves |
3.041.342,21 |
|
Balance sheet profit/balance sheet loss |
12.023.447,08 |
|
Thereof profit/loss carried forward |
1.485.540,32 |
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Sum equity capital |
28.064.789,29 |
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Reservesfor severance pays |
1.185.219,92 |
|
Other reserves |
1.967.268,81 |
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Sum reserves |
3.152.488,73 |
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Liabilities against credit institutes |
12.682.661,64 |
|
Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
5.104.258,30 |
|
Liabilities against related firms |
1.736.561,77 |
|
Other liabilities |
3.926.542,86 |
|
Sum liabilities |
23.450.024,57 |
|
Liabilities |
54.667.302,59 |
|
Balance sheet sum |
54.667.302,59 |
P / L Account
(absolute) all amounts in EUR
|
|
2010-12-31 |
|
Gross sales |
159.110.734,21 |
|
Sum turnover or sum gross profit |
159.110.734,21 |
|
Profits from retirement of fixed assets, except financial
assets |
76.326,87 |
|
Income from dissolution of reserves |
119.640,00 |
|
Other operating profits |
2.687.544,49 |
|
Other operating profits totally |
2.883.511,36 |
|
Special account material costs |
-129.165.850,29 |
|
Costs for obtained services totally |
-129.165.850,29 |
|
Wages |
-3.291.735,83 |
|
Salaries |
-5.933.223,41 |
|
Costs for severance pays |
-288.133,28 |
|
Legal fringe benefits and other payments depending on
salaries |
-2.451.951,70 |
|
Other social fringe benefits |
-121.687,62 |
|
Personnel expenses totally |
-12.086.731,84 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business operation |
-2.115.013,70 |
|
Depreciation tangible assets / intangible assets
totally |
-2.115.013,70 |
|
Different operating costs |
-12.844.068,81 |
|
Other taxes |
-473.465,48 |
|
Other operating costs totally |
-13.317.534,29 |
|
Operating result totally |
5.309.115,45 |
|
Income from other securities and loans of financial
assets |
7.613,01 |
|
Interest income, securties income and similar income |
61.814,56 |
|
Interest and similar disbursements |
-425.774,50 |
|
Financial profits totally |
-356.346,93 |
|
Results from usual business activity
totally |
4.952.768,52 |
|
Taxes on income and profits |
-1.287.585,20 |
|
Taxes on income and profits totally |
-1.287.585,20 |
|
Annual surplus/annual deficit
totally |
3.665.183,32 |
|
Dissolution capital reserves |
6.872.723,44 |
|
Reserves movements totally |
6.872.723,44 |
|
Annual profit/annual loss
totally |
10.537.906,76 |
|
Profit and loss carried forward from previous year |
1.485.540,32 |
|
Transfer of profits totally |
1.485.540,32 |
|
B/S profit/ B/S loss from profit and
loss account |
12.023.447,08 |
Key ratios
|
|
2010 |
|
Cash flow II |
5.780.197,02 |
|
Debt amortisation period |
4,57 |
|
Bank indebtedness |
23,19 |
|
Equity capital share |
51,33 |
|
Social capital share |
2,16 |
|
Fixed assets coverage |
251,60 |
|
Net profit ratio |
3,11 |
|
Capital turnover |
2,91 |
|
Return on investment |
9,83 |
|
Cash flow in % of operating performance |
3,63 |
|
Cash flow I |
7.067.782,22 |
|
Gross productivity |
13,16 |
|
Net productivity |
2,47 |
|
Operating performance |
159.110.734,21 |
|
Inventories in % of operating performance |
14,69 |
|
Gross profit |
29.944.883,92 |
Locations
|
Type |
Locations |
Description |
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|
E-mail |
|
operational |
Pillwein-Breitwiesergutstr. , A-4020 Linz, (seit ca.
Februar 2006) |
office |
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|
operational |
Esteplatz 6, A-1030 Wien |
registered office, rented premises |
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operational |
Frankstahlstraße 2, A-2353 Guntramsdorf |
registered headquarters, rented premises |
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|
office@frankstahl.com |
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operational |
Esteplatz 6, A-1030 Wien |
main administration, rented premises |
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operational |
Dornau 4, A-6135 Stans |
office |
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operational |
Am Katzelbach 5, A-8054 Graz Straßgang |
office |
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operational |
Alte Bundesstraße 24, A-5151 Nußdorf Haunsberg,
(umbenannt von 5110, Pabing 2) |
office, rented premises |
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former |
Rotenturmstraße 23, A-1010 Wien |
registered office |
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former |
Rotenturmstraße 23, A-1010 Wien |
registered headquarters |
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former |
Pabing 2, A-5110 Oberndorf Salzburg |
office |
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former |
Wildbergstraße 10, A-4020 Linz |
office |
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former |
Museumstraße 34, A-4020 Linz |
office |
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former |
Frank Stahlstraße 2, A-2353 Guntramsdorf |
warehouse |
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related companies
|
Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are
held by: |
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|
Javor Unternehmensbeteiligungs ges.m.b.H. |
Esteplatz 6, A-1030 Wien |
100 % 2001-08-31 |
|
FN 200305 t |
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Affiliated companies and further
participations: |
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|
Thespis GmbH |
Esteplatz 6, A-1030 Wien |
|
|
FN 125484 k |
|
Marcel Javor Holding GmbH |
Esteplatz 6, A-1030 Wien |
|
|
FN 254534 s |
Bankers
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 1011 Wien |
11000 |
main bank connection |
|
BAWAG P.S.K. Bank für Arbeit und Wirtschaft, 1011 Wien |
14000 |
secondary banking connection |
|
Oberbank AG, 1011 Wien |
15000 |
secondary banking connection |
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
secondary banking connection |
|
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG, 1011 Wien |
32000 |
secondary banking connection |
|
Raiffeisenlandesbank Oberösterreich, 4021 Linz |
34000 |
secondary banking connection |
Historical development
|
Year of incorporation: |
1880 |
|
Date of registration: |
1996-03-08 |
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Change in share capital: |
||
|
From |
To |
Capital |
|
|
1998-12-28 |
ATS 40.000.000,00 |
|
1998-12-28 |
1999-12-31 |
ATS 50.000.000,00 |
|
1999-12-31 |
2005-07-01 |
EUR 4.000.000,00 |
|
2005-07-01 |
2007-09-25 |
EUR 5.000.000,00 |
|
2007-09-25 |
2008-09-16 |
EUR 6.000.000,00 |
|
2008-09-16 |
2009-06-16 |
EUR 7.000.000,00 |
|
2009-06-16 |
2010-06-23 |
EUR 7.500.000,00 |
|
2010-06-23 |
2011-06-01 |
EUR 8.000.000,00 |
|
2011-06-01 |
|
EUR 8.500.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
2004-10-29 |
manager |
Günter Rudelitsch |
|
1996-03-08 |
2010-07-06 |
manager |
Erwin Javor |
|
1998-12-01 |
1999-03-18 |
joint signing clerk |
Michael Kainrath |
|
1999-12-30 |
2003-05-27 |
joint signing clerk |
Mag. Marcel Javor |
|
1998-12-01 |
2003-10-11 |
joint signing clerk |
Ewald Hahn |
|
2003-05-27 |
2006-11-17 |
joint signing clerk |
Ing. Günther Schneider |
|
1998-12-01 |
2008-12-05 |
joint signing clerk |
Friedrich Mühlberger |
|
2003-10-11 |
2009-07-29 |
joint signing clerk |
Christian Schuster |
|
2004-10-29 |
2009-12-19 |
joint signing clerk |
Anton Schimany |
|
2005-08-10 |
2010-04-23 |
joint signing clerk |
Mag. Ron Schwarzbaum |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1996-03-08 |
2001-08-31 |
partner |
Thespis GmbH |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
2008-11-29 |
2009-07-01 |
FRANKSTAHL Beteiligungsverwaltungs GmbH |
|
2009-09-24 |
2010-06-26 |
FRANKSTAHL FinanzierungsGmbH |
|
2010-10-28 |
2011-05-28 |
FRANKSTAHL Invest GmbH |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2005-07-11 |
merged with |
INTER-FRANKSTAHL Stahlhandel
und Holding Ges.m.b.H. |
|
2004-11-10 |
merged with |
FRANKSTAHL Handelsgesellschaft
für Tief-, Wasser- und Wegebau mbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
|
UK Pound |
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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.