MIRA INFORM REPORT
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Report Date : |
06.06.2011 |
IDENTIFICATION DETAILS
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Name : |
WATERS GESELLSCHAFT M.B.H. |
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Registered Office : |
Hietzinger Hauptstraße 145, A-1130 Wien |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
05.08.1994 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of electronic and telecommunications equipment
and parts |
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 2.103.000,00 |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Austria |
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: |
2011-03-21 |
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Company name: |
Waters Gesellschaft m.b.H. |
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Status: |
active company |
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Locations: |
Hietzinger Hauptstraße 145, A-1130 Wien |
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Phone: |
0043 (1) 8771807 |
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Fax: |
0043 (1) 8771808 |
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E-mail: |
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Internet: |
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Activities: |
Önace 46520 100% Wholesale of electronic and
telecommunications equipment and parts |
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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. |
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Detail Assessment: |
Merchandise is mainly imported. Domestic obligations and
invoices of forwarders are settled within net agreements. |
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Financial situation is satisfactory. |
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Maximum credit EUR 2.103.000,00 |
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: |
limited liability company since 1994-07-18 |
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companies' house number: |
FN 110394 w Wien 1994-08-05 |
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Activities: |
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ARA-number: |
7657 |
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VAT number: |
ATU 15050405 |
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number - Austrian National Bank: |
2305186 |
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Import |
Country |
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Import |
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2011 |
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Import |
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2011 |
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Import |
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2011 |
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Import |
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2011 |
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Export |
Country |
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Export |
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2011 |
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Export |
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2011 |
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Export |
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2011 |
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Financial data
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total turnover (total sales) |
2010 |
EUR 91.400.000,00 |
(approx.) |
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total turnover (total sales) |
2009 |
EUR 69.672.717,63 |
(exact) |
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total turnover (total sales) |
2008 |
EUR 78.901.499,41 |
(exact) |
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total turnover (total sales) |
2007 |
EUR 77.328.035,83 |
(exact) |
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total turnover (total sales) |
2006 |
EUR 70.049.000,00 |
(exact) |
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total employees |
2011 |
28 |
(approx.) |
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white collar workers |
2011 |
28 |
(approx.) |
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total stock |
2011 |
EUR 200.000,00 |
(average) |
Extraxt from the Companies' House
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firm
(style): |
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1
Waters Gesellschaft m.b.H. |
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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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1
politischer Gemeinde Wien |
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business
adress: |
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1
Hietzinger Hauptstraße 145 |
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capital: |
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1
ATS 500.000 |
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reference
date annual accounts: |
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1
31. Dezember |
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annual
accounts: |
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29
zum 31.12.2009 eingereicht am 23.06.2010 |
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power
of representation: |
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1
Die Generalversammlung bestimmt, wenn mehrere Geschäfts- |
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proxy: |
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I
Eugene Burns, geb. 21.05.1963 |
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managing
director: |
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J
Ing. Herbert Ottner, geb. 17.10.1964 |
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shareholder: |
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B
Waters Technologies Corporation |
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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 |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
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Michael Cornelius Harrington |
1960-10-09 |
78380 Bougival Pavillon Chemin
de Halage B15 |
manager |
0 |
|
Ing. Herbert Ottner |
1964-10-17 |
2380 Perchtoldsdorf Franz
Lehargasse 6 |
manager |
0 |
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Eugene Burns |
1963-05-21 |
3021 Preßbaum Piettegasse 26 |
individual signing clerk, head of accounting, head of EDP, head of personnel |
1 |
|
Andrea Hofmann |
|
1130 Wien Hietzinger
Hauptstraße 145(c/o) |
head of marketing |
0 |
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Dr. Ulrich Hans Kuffner |
|
1130 Wien Hietzinger Hauptstraße
145(c/o) |
technical director |
0 |
Balance Sheet
(absolute) all amounts in
EUR
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|
2009-12-31 |
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Land and leasehold rights with buildings thereon including
building on land owned by third parties |
139.257,00 |
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Sum tangible assets |
274.053,53 |
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Shares on related firms |
28.254,82 |
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Sum financial assets |
28.254,82 |
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Sum fixed assets |
302.308,35 |
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Stocks |
1.582.552,57 |
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Sum stock |
1.582.552,57 |
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Claims from delivered goods and performed services |
11.578.872,14 |
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Other claims and assets |
356.693,04 |
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Claims against related firmes Claims against companies
with shareholding relationship |
105.234,30 |
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Sum claims |
12.040.799,48 |
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Cash on hand, cheques and bank deposits |
1.757.151,55 |
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Sum cash and bank |
1.757.151,55 |
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Sum current assets |
15.380.503,60 |
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Deferred charges |
13.143,69 |
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Sum deferred charges |
13.143,69 |
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Assets |
15.695.955,64 |
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Subscribed/declared capital |
36.336,42 |
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Not committed capital reserves |
499.553,06 |
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Balance sheet profit/balance sheet loss |
1.789.724,76 |
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Thereof profit/loss carried forward |
1.105.118,80 |
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Sum equity capital |
2.325.614,24 |
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Reservesfor severance pays |
351.739,00 |
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Other reserves |
975.640,83 |
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Sum reserves |
1.327.379,83 |
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Received advanced payments for orders |
671.024,21 |
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Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
906.631,43 |
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Liabilities against related firms |
9.256.650,14 |
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Other liabilities |
338.638,07 |
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Sum liabilities |
11.172.943,85 |
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Deferred income |
870.017,72 |
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Sum deferred income |
870.017,72 |
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Liabilities |
15.695.955,64 |
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Contingent liabilities |
618.324,00 |
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Balance sheet sum |
15.695.955,64 |
P / L Account
(absolute) all amounts in
EUR
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|
2009-12-31 |
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Gross sales |
69.672.717,63 |
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Sum turnover or sum gross profit |
69.672.717,63 |
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Other operating profits |
3.504.598,02 |
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Other operating profits totally |
3.504.598,02 |
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Special account material costs |
-58.204.368,74 |
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Costs for obtained services totally |
-58.204.368,74 |
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Salaries |
-1.953.294,79 |
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Costs for severance pays |
-37.248,00 |
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Costs for old age pension |
-60.000,00 |
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Legal fringe benefits and other payments depending on
salaries |
-442.442,23 |
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Other social fringe benefits |
-157.573,35 |
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Personnel expenses totally |
-2.650.558,37 |
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Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-100.199,49 |
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Depreciation tangible assets / intangible assets
totally |
-100.199,49 |
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Different operating costs |
-11.704.282,59 |
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Other taxes |
-158.182,84 |
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Other operating costs totally |
-11.862.465,43 |
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Operating result totally |
359.723,62 |
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Interest income, securties income and similar income |
424,44 |
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Interest and similar disbursements |
-4.651,50 |
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Financial profits totally |
-4.227,06 |
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Results from usual business activity
totally |
355.496,56 |
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Taxes on income and profits |
329.109,40 |
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Taxes on income and profits totally |
329.109,40 |
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Annual surplus/annual deficit
totally |
684.605,96 |
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Annual profit/annual loss
totally |
684.605,96 |
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Profit and loss carried forward from previous year |
1.105.118,80 |
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Transfer of profits totally |
1.105.118,80 |
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B/S profit/ B/S loss from profit and
loss account |
1.789.724,76 |
Key ratios
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|
2009 |
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Cash flow II |
784.805,45 |
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Debt amortisation period |
12,83 |
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Bank indebtedness |
0,00 |
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Equity capital share |
15,47 |
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Social capital share |
2,24 |
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Fixed assets coverage |
885,63 |
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Net profit ratio |
0,51 |
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Capital turnover |
4,43 |
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Return on investment |
2,29 |
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Cash flow in % of operating performance |
1,12 |
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Cash flow I |
455.696,05 |
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Gross productivity |
26,28 |
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Net productivity |
4,32 |
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Operating performance |
69.672.717,63 |
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Inventories in % of operating performance |
2,27 |
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Gross profit |
11.468.348,89 |
Locations
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Type |
Locations |
Description |
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E-mail |
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operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered headquarters, rented premises |
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vienna@waters.com |
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operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered office, rented premises |
related companies
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Company name |
Postal code |
Stake in % |
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Shares in this company are
held by: |
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Waters Technologies Corporation |
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100 % 1994-08-17 |
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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 |
12000 |
main bank connection |
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The Royal Bank of |
19985 |
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: |
1994 |
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Date of registration: |
1994-08-05 |
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Former executives: |
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From |
To |
Function |
Name |
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1998-05-07 |
manager |
Richard Henry Payne |
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1998-10-22 |
manager |
Ing.Mag. Stefan Neubauer |
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2002-01-10 |
manager |
Philip Taymor |
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2003-08-15 |
2004-05-07 |
manager |
Eugene Burns |
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1998-05-07 |
2004-05-07 |
manager |
Dr. Hartmut Rabich |
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2004-05-07 |
2006-12-06 |
manager |
Richard Henry Payne |
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2002-01-10 |
2008-01-22 |
manager |
John Alden Ornell |
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1998-10-22 |
2003-08-15 |
individual signing clerk |
Eugene Burns |
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1998-10-22 |
2004-05-07 |
individual signing clerk |
Ing. Herbert Ottner |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.85 |
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|
1 |
Rs.73.29 |
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Euro |
1 |
Rs.64.89 |
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 |
|
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 |
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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.