MIRA INFORM
REPORT
|
Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
SCHRACK SECONET AG |
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Registered Office : |
Eibesbrunnergasse 18, A-1120 Wien |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation: |
21.10.1994 |
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Com. Reg. No.: |
FN 123356 g Wien 1994-10-21 |
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Legal Form : |
Joint Stock Company Since 1997-06-27 |
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Line of Business : |
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 |
|
Maximum Credit Limit : |
EUR 1.625.000,00 |
|
Status : |
Good |
|
Payment
Behaviour : |
Usually correct |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
|
Company name: |
SCHRACK SECONET AG |
|
Locations: |
Eibesbrunnergasse 18, A-1120 Wien, (seit 01.07.1997) |
|
Phone: |
0043 (1) 81157 |
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Fax: |
0043 (1) 81157 - 222 |
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E-mail: |
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Internet: |
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Activities: |
Wholesale of electronic and telecommunications equipment
and parts |
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Electrical installation |
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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: |
Payments are sometimes made using cash discounts or
according to conditions. |
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Company's solvency is sound. Earnings potential is
positive. |
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|
Maximum credit EUR 1.625.000,00 |
Additional company information
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Year of incorporation: |
1994 |
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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 1997-06-27 |
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companies' house number: |
FN 123356 g Wien 1994-10-21 |
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Activities: |
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ARA-number: |
9588 |
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VAT number: |
ATU 37395207 |
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number - Austrian National Bank: |
2396459 |
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Import |
Country |
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Import |
|
|
2010 |
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Import |
|
|
2010 |
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Export |
Country |
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|
Export |
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|
2010 |
|
|
Export |
|
|
2010 |
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|
Export |
European Union |
|
2010 |
|
Financial data
|
total turnover (total sales) |
2010 |
EUR 65.000.000,00 |
(expected) |
|
total turnover (total sales) |
2009 |
EUR 56.970.445,40 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 55.965.370,33 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 51.983.099,08 |
(exact) |
|
total turnover (total sales) |
2006 |
EUR 45.705.732,72 |
(exact) |
|
total employees |
2010 |
334 |
(exact) |
|
total company vehicles |
2010 |
129 |
(exact) |
|
cars |
2010 |
19 |
(exact) |
|
lorries up to 3.5t |
2010 |
110 |
(exact) |
Extraxt from the Companies' House
|
firm
(style): |
|
34
SCHRACK SECONET AG |
|
legal
form: |
|
12
Aktiengesellschaft |
|
registered
office: |
|
1
politischer Gemeinde Wien |
|
business
adress: |
|
11
Eibesbrunnergasse 18 |
|
capital: |
|
35 EUR 1.425.000 |
|
reference
date annual accounts: |
|
1 31. Dezember |
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annual
accounts: |
|
39 zum 31.12.2009 eingereicht am
20.07.2010 |
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power
of representation: |
|
12
Die Gesellschaft wird, wenn mehrere Vorstandsmitglieder |
|
other
provisions: |
|
31
Der Vorstand besteht aus einer, zwei, drei oder vier |
|
board
of directors: |
|
V
Ing. Wolfgang Kern, geb. 01.01.1964 |
|
proxy: |
|
L
Ing Maximilian Strohmeier, geb. 03.02.1952 |
|
supervisory
board: |
|
A
Ing.Dkfm. Hans Zavesky, geb. 30.10.1947 |
|
general
table: |
|
Handelsgericht Wien |
Real estate
|
Registration number of real estate 1171
Cadastral register 01301 Altmannsdorf W Number and date of
entry 745/2006 Status of 2010-05-03 |
|
Part
A - type of real estate : |
|
252/2
G GST-Fläche * 4454 |
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Part
B - ownership details : |
|
1 ANTEIL: 1/1 |
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Part
C - registered charges : |
|
1 a 1007/1906 |
Private data
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Mag. Martina Eder |
1967-08-05 |
1190 Wien Sonnbergplatz 6 |
joint signing clerk, head of accounting, head of EDP, technical director |
0 |
|
Amgad Farouk Abdel Ghaffar |
1962-05-20 |
2500 |
joint signing clerk |
0 |
|
Mag. Herbert Hübl |
1966-12-13 |
1180 Wien Währingerstraße 133 |
joint signing clerk |
1 |
|
Ing. Heinrich Kohlenberger |
1953-12-17 |
7151 Wallern Waldgasse 18 |
joint signing clerk |
0 |
|
Ing. Maximilian Strohmeier |
1952-02-03 |
1122 Wien Eibesbrunnergasse 18 |
joint signing clerk, head of marketing |
0 |
|
Ing. Wolfgang Kern |
1964-01-01 |
2542 Kottingbrunn Eschengasse 5 |
member of the executive board |
0 |
|
Ing.Dkfm. Hans Zavesky |
1947-10-30 |
3413 Kirchbach Talgasse 4 |
chairman of the supervisory board |
5 |
|
Samuel Spreng |
1941-06-20 |
1120 Wien Eibesbrunnergasse 18(c/o) |
deputy chairman of the supervisory board |
0 |
|
Armin Berchtold |
1965-10-10 |
1120 Wien Eibesbrunnergasse 18(c/o) |
member of the supervisory board |
0 |
|
Ing. Werner Kasztler |
1941-03-14 |
2531 Gaaden Mödling Gartengasse 3 |
member of the supervisory board |
4 |
|
Dipl-Ing. Hans Winzenried |
1950-08-30 |
3413 Kirchbach Talgasse 4 |
member of the supervisory board |
1 |
|
Amgad Farouk |
|
1120 Wien Eibesbrunnergasse
18 c/o(c/o) |
head of purchasing |
0 |
|
Ing. Wolfgang Kern |
|
1122 Wien Eibesbrunnergasse 18(c/o) |
head of sales, head of personnel |
0 |
|
Rosa Maria Seilerbeck |
|
1120 Wien Eibesbrunnergasse 18(c/o) |
head of marketing |
0 |
Balance Sheet (absolute) all amounts in EUR
|
|
2009-12-31 |
|
EDP programs |
137.412,23 |
|
Goodwill |
0,00 |
|
Cumulative depreciations |
0,07 |
|
Sum intangible assets |
137.412,30 |
|
Land and leasehold rights with buildings thereon including
building on land owned by third parties |
7.639.408,10 |
|
Advanced payments and constructions in progress |
12.388,72 |
|
Sum tangible assets |
8.890.495,82 |
|
Shares on related firms |
1.419.565,31 |
|
Other financial assets, values and securities of fixed
assets |
714.546,99 |
|
Sum financial assets |
2.134.112,30 |
|
Sum fixed assets |
11.162.020,42 |
|
Outstanding service claims |
5.192.629,55 |
|
Stocks |
4.713.999,28 |
|
Sum stock |
9.906.628,83 |
|
Claims from delivered goods and performed services |
6.566.461,58 |
|
Other claims and assets |
125.706,38 |
|
Claims against related firmes Claims against companies
with shareholding relationship |
5.887.305,32 |
|
Sum claims |
12.579.473,28 |
|
Securities and shares |
500.000,00 |
|
Sum securities and shares |
500.000,00 |
|
Cash on hand, cheques and bank deposits |
3.392.951,37 |
|
Sum cash and bank |
3.392.951,37 |
|
Sum current assets |
26.379.053,48 |
|
Deferred charges |
106.107,89 |
|
Sum deferred charges |
106.107,89 |
|
Assets |
37.647.181,79 |
|
Subscribed/declared capital |
1.425.000,00 |
|
Committed capital reserves |
3.182.625,78 |
|
Not committed capital reserves |
726.728,34 |
|
Balance sheet profit/balance sheet loss |
17.326.797,85 |
|
Thereof profit/loss carried forward |
12.998.811,49 |
|
Sum equity capital |
22.661.151,97 |
|
Investment contributions |
122.280,94 |
|
Sum floor capital |
122.280,94 |
|
Reservesfor severance pays |
3.242.460,00 |
|
Tax reserves |
583.000,00 |
|
Other reserves |
7.308.138,41 |
|
Sum reserves |
11.133.598,41 |
|
Received advanced payments for orders |
2.068,50 |
|
Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
958.662,20 |
|
Liabilities against related firms |
376.105,92 |
|
Other liabilities |
2.393.313,85 |
|
Sum liabilities |
3.730.150,47 |
|
Liabilities |
37.647.181,79 |
|
Balance sheet sum |
37.647.181,79 |
P / L Account (absolute) all amounts in EUR
|
|
2009-12-31 |
|
Gross sales |
56.970.445,40 |
|
Increase or decrease in finished and unfinished goods and
in service claims |
-403.404,80 |
|
Other manufacturing costs capitalized |
1.317,00 |
|
Sum turnover or sum gross profit |
56.568.357,60 |
|
Profits from retirement of fixed assets, except financial
assets |
11.793,96 |
|
Income from dissolution of reserves |
341.206,27 |
|
Other operating profits |
182.016,68 |
|
Other operating profits totally |
535.016,91 |
|
Costs for obtained services |
-3.689.677,03 |
|
Special account material costs |
-20.162.612,96 |
|
Costs for obtained services totally |
-23.852.289,99 |
|
Wages |
-76.936,04 |
|
Salaries |
-14.257.912,40 |
|
Costs for severance pays |
-413.168,87 |
|
Legal fringe benefits and other payments depending on
salaries |
-4.078.550,30 |
|
Other social fringe benefits |
-260.864,17 |
|
Personnel expenses totally |
-19.087.431,78 |
|
Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-1.047.289,14 |
|
Depreciation tangible assets / intangible assets
totally |
-1.047.289,14 |
|
Different operating costs |
-7.474.955,97 |
|
Other taxes |
-97.150,68 |
|
Other operating costs totally |
-7.572.106,65 |
|
Operating result totally |
5.544.256,95 |
|
Income from other securities and loans of financial
assets |
64.230,18 |
|
Interest income, securties income and similar income |
98.146,03 |
|
Interest and similar disbursements |
-46.176,20 |
|
Financial profits totally |
116.200,01 |
|
Results from usual business activity
totally |
5.660.456,96 |
|
Taxes on income and profits |
-1.332.470,60 |
|
Taxes on income and profits totally |
-1.332.470,60 |
|
Annual surplus/annual deficit
totally |
4.327.986,36 |
|
Annual profit/annual loss
totally |
4.327.986,36 |
|
Profit and loss carried forward from previous year |
12.998.811,49 |
|
Transfer of profits totally |
12.998.811,49 |
|
B/S profit/ B/S loss from profit and
loss account |
17.326.797,85 |
Key ratios
|
|
2009 |
|
Cash flow II |
5.375.275,50 |
|
Debt amortisation period |
2,04 |
|
Bank indebtedness |
0,00 |
|
Equity capital share |
60,52 |
|
Social capital share |
8,61 |
|
Fixed assets coverage |
233,16 |
|
Net profit ratio |
10,00 |
|
Capital turnover |
1,50 |
|
Return on investment |
15,15 |
|
Cash flow in % of operating performance |
9,50 |
|
Cash flow I |
6.707.746,10 |
|
Gross productivity |
2,96 |
|
Net productivity |
1,71 |
|
Operating performance |
56.568.357,60 |
|
Inventories in % of operating performance |
17,51 |
|
Gross profit |
32.716.067,61 |
Locations
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Neuseiersbergerstraße
157, A-8055 Graz Puntigam, (ab 2006) |
branch office, rented premises |
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|
|
operational |
Sebastienstraße 13a, A-6850 Dornbirn |
branch agency, rented premises |
|
|
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|
operational |
Feldkirchnerstraße 138, A-9020 |
branch agency, rented premises |
|
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|
|
operational |
Vogelweiderstraße 44a, A-5020 |
branch agency, rented premises |
|
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|
operational |
Kornstraße 16, A-4060 Leonding |
branch agency, rented premises |
|
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|
operational |
Valiergasse 56, A-6020 |
branch agency, rented premises |
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|
operational |
Eibesbrunnergasse 18, A-1120 Wien |
registered office, owned premises |
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operational |
Eibesbrunnergasse 18, A-1120 Wien, (seit 01.07.1997) |
registered headquarters, owned property |
|
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|
office@schrack-seconet.com |
|
former |
Wienerbergstraße 3, A-1100 Wien |
registered headquarters |
|
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|
|
former |
Hietzingerkai 5/3, A-1130 Wien |
branch office |
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|
former |
Rosasgasse 29, A-1120 Wien |
branch office |
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|
former |
Samstraße 52, A-5020 |
branch agency |
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|
former |
Wallenmahd 45, A-6850 Dornbirn |
branch agency |
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former |
Messendorfgrund 30, |
branch agency |
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|
former |
Rosentalerstraße 7, A-9020 |
branch agency |
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|
|
former |
Pottendorferstraße 25-27, A-1121 Wien |
registered headquarters |
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related companies
|
Company name |
Postal code |
|
|
Companies House |
|
|
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Affiliated companies and
further participations: |
||||
|
Schrack Mediacom GmbH |
Bösendorferstraße 6/23, A-1010 Wien |
|
|
FN 272706 p |
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 |
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
secondary banking connection |
|
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG, 1011 Wien |
32000 |
secondary banking connection |
|
HYPO-BANK BURGENLAND Aktiengesellschaft, 7001 Eisenstadt |
51000 |
secondary banking connection |
Historical development
|
Year of incorporation: |
1994 |
|
Date of registration: |
1994-10-21 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
2006-03-07 |
|
SCHRACK SECONET AG |
|
|
2006-03-07 |
SCHRACK SECONET Sicherheits- und Kommunikationssysteme
Aktiengesellschaft |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2006-07-15 |
ATS 19.608.000,00 |
|
2006-07-15 |
|
EUR 1.425.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
1997-07-16 |
manager |
Ing.Dkfm. Hans Zavesky |
|
|
1998-04-11 |
joint signing clerk |
Mag.Dr. Franz Semmernegg |
|
|
1998-11-14 |
joint signing clerk |
DDr. Karl Kirchheimer |
|
|
1998-11-14 |
joint signing clerk |
Dr. Irene Mörtl |
|
|
1999-01-05 |
joint signing clerk |
Fritz Edelmüller |
|
|
2000-06-01 |
joint signing clerk |
Ing. Alois Hauer |
|
1998-11-14 |
2001-05-10 |
joint signing clerk |
Mag.Dr. Franz Semmernegg |
|
1998-04-11 |
2003-12-10 |
joint signing clerk |
Franz Thoma |
|
2000-06-01 |
2005-12-29 |
joint signing clerk |
Ing. Wolfgang Kern |
|
1997-07-16 |
2005-12-29 |
member of the executive board |
Ing.Dkfm. Hans Zavesky |
|
|
2006-07-15 |
chairman of the supervisory board |
Ing. Werner Kasztler |
|
|
1997-10-15 |
deputy chairman of the supervisory board |
Mag.Dr. Günther Ofner |
|
|
1997-10-15 |
member of the supervisory board |
Dr.jur. Stephan Frotz |
|
|
1997-10-15 |
member of the supervisory board |
Mag. Kurt Stiassny |
|
1997-10-15 |
1998-10-13 |
member of the supervisory board |
Samuel Spreng |
|
1997-10-15 |
1999-03-16 |
member of the supervisory board |
Dipl-Ing.Dr. Jürg Pauli |
|
2005-12-29 |
2006-07-15 |
member of the supervisory board |
Ing.Dkfm. Hans Zavesky |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1994-10-21 |
1997-07-16 |
partner |
Teleconsult Beteiligungs GmbH |
|
1994-11-18 |
1997-07-16 |
partner |
Burgenländische Elektrizitätswirtschafts -
Aktiengesellschaft (BEWAG) |
|
1994-10-21 |
1997-07-16 |
partner |
Ericsson |
|
1994-11-18 |
1997-07-16 |
partner |
Unternehmens Invest Aktiengesellschaft |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
|
1994-11-09 |
SEMCOM nachrichtentechnische Anlagen Vertriebs-GmbH in
Liqu. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.61.43 |
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 Company |
---- |
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.