MIRA INFORM REPORT

 

 

Report Date :           

05.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SAFIN HANDELSGES.M.B.H.

 

 

Registered Office :

Dorotheergasse  6-8/10, A-1010 Wien

 

 

Country :

Austria

 

 

Financials (as on) :

30.09.2010

 

 

Year of Establishment :

1993

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of metal ores, ferrous metals in primary forms and semi-finished ferrous metal products

 

 

No. of Employees :

14

 

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  1.719.000,00

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Austria

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Basic company information

 

Company name:

Safin Handelsges.m.b.H.

Status:

active company

Locations:

Dorotheergasse  6-8/10, A-1010 Wien

Phone:

0043 (1) 5033600

Fax:

0043 (1) 5046577

E-mail:

office@safin.at

Internet:

http://www.safin.com

Activities:

Önace 46721 50% Wholesale of metal ores, ferrous metals in primary forms and semi-finished ferrous metal products

 

Önace 46711 50% Wholesale of solid fuels

 

Detail Assessment:

Payment

Merchandise is mainly imported. Domestic obligations and invoices of forwarders are settled according to conditions, in some cases there have been delays and reminders.

 

Assessment

Financial situation is average, increased use of external capital.

 

Maximum credit EUR  1.719.000,00

 

 

Additional company information

 

Year of incorporation:

1993

 

Type of company:

Wholesale and retail trade; repair of motor vehicles

 

Legal form:

limited liability company since 1993-11-24

 

companies' house number:

FN 67883 d Wien 1994-02-10

 

Activities:

 

 

VAT number:

ATU 40970605

 

number - Austrian National Bank:

2216230

 

 

 

 

Transit trade 

Country 

 

Year 

 

Transit trade

world-wide

 

2011

 

 

 

Financial data

 

total turnover (total sales)

2011

EUR  107.400.000,00

(estimated)

total turnover (total sales)

2010

EUR  107.376.196,75

(exact)

total turnover (total sales)

2009

EUR  70.828.278,01

(exact)

total turnover (total sales)

2008

EUR  182.933.313,19

(exact)

total turnover (total sales)

2007

EUR  248.873.832,90

(exact)

turnover (sales) - group

2010

EUR  148.613.526,70

(exact)

turnover (sales) - group

2009

EUR  126.208.047,52

(exact)

turnover (sales) - group

2008

EUR  243.000.000,00

(approx.)

total employees

2011

14

(approx.)

white collar workers

2011

14

(approx.)

 

 

Extraxt from the Companies' House

 

firm (style):

    7      Safin Handelsges.m.b.H.

legal form:

    6      Gesellschaft mit beschränkter Haftung

registered office:

    6      politischer Gemeinde Wien

business adress:

   15      Dorotheergasse 6-8/10
           1010 Wien

capital:

   13      EUR 990.000

reference date annual accounts:

   12      30. September

annual accounts:

   34      zum 30.09.2010 eingereicht am 23.03.2011

consolidated accounts:

   34      zum 30.09.2010 eingereicht am 23.03.2011

power of representation:

    6      Die Gesellschaft wird, wenn mehrere Geschäftsführer
           bestellt sind, durch zwei Geschäftsführer gemeinsam oder
           durch einen von ihnen gemeinsam mit einem Prokuristen
           vertreten.
           Die Generalversammlung kann eine davon abweichende Ver-
           tretungsbefugnis beschließen.
    6     Gesellschaftsvertrag  vom 24.11.1993                              001
    7   Generalversammlungsbeschluss  vom 23.12.1996                        003
          Kapitalerhöhung um ATS 2,500.000,-.
          Änderung des Gesellschaftsvertrages in den §§ 1 und 3.
   10   Gesellschaftsvertrag mit Generalversammlungsbeschluss               004
          vom 29.12.1999
          gemäß 1. Euro-JuBeG angepasst.
   10   Generalversammlungsbeschluss  vom 29.12.1999                        005
          Kapitalerhöhung um EUR 436.981,49.
          Änderung des Gesellschaftsvertrages in § 3.
   12   Generalversammlungsbeschluss  vom 05.07.2000                        006
          Änderung des Gesellschaftsvertrages im § 6.
   13   Generalversammlungsbeschluss  vom 11.04.2001                        007
          Kapitalerhöhung um EUR 335.000,- .
          Änderung des Gesellschaftsvertrages in § 3.

proxy:

         H   Sabine Rothmüller, geb. 11.08.1964
   21        vertritt seit 21.01.2003 selbständig

managing director:

         B   Oleg Demidkine, geb. 09.12.1967
    6        vertritt seit 05.12.1994 selbständig

shareholder:

         B   Oleg Demidkine, geb. 09.12.1967
   30        ......................  EUR 495.000
   30        .................................................  EUR 495.000
         D   Raimonds Namikis, geb. 14.10.1965
   30        ......................  EUR 396.000
   30        .................................................  EUR 396.000
         H   Sabine Rothmüller, geb. 11.08.1964
   30        .......................  EUR 24.750
   30        ..................................................  EUR 24.750
         I   Ludmila Pereveznyuk, geb. 06.09.1973
   30        .......................  EUR 39.600
   30        ..................................................  EUR 39.600
         J   Pavel Doshlov, geb. 04.03.1973
   30        .......................  EUR 24.750
   30        ..................................................  EUR 24.750
         K   Oleg Belyy, geb. 14.04.1960
   30        ........................  EUR 9.900
   30        ...................................................  EUR 9.900
                        -------------------------------------------------------
                 Summen:             EUR 990.000                EUR 990.000

general table:

 Handelsgericht Wien
   6 eingetragen am 16.11.1995                  Geschäftsfall 703 Fr 10075/95 w
       Berichtigung/Herstellung d. Eintragungen
   7 eingetragen am 09.01.1998                  Geschäftsfall  71 Fr    37/98 m
       Antrag auf Änderung  eingelangt am 23.12.1997
  10 eingetragen am 09.03.2000                  Geschäftsfall  73 Fr  2652/00 h
       Antrag auf Änderung  eingelangt am 01.03.2000
  12 eingetragen am 23.08.2000                  Geschäftsfall  73 Fr  9876/00 g
       Antrag auf Änderung  eingelangt am 17.08.2000
  13 eingetragen am 15.05.2001                  Geschäftsfall  73 Fr  6748/01 s
       Antrag auf Änderung  eingelangt am 10.05.2001
  15 eingetragen am 09.08.2001                  Geschäftsfall  73 Fr  8908/01 t
       Antrag auf Änderung  eingelangt am 05.07.2001
  21 eingetragen am 31.01.2003                  Geschäftsfall  73 Fr  1021/03 k
       Antrag auf Änderung  eingelangt am 27.01.2003
  23 eingetragen am 07.10.2003                  Geschäftsfall  73 Fr 11184/03 g
       Antrag auf Änderung  eingelangt am 01.10.2003
  30 eingetragen am 14.05.2008                  Geschäftsfall  75 Fr  3214/08 w
       Antrag auf Änderung  eingelangt am 27.03.2008
  32 eingetragen am 30.04.2010                  Geschäftsfall  75 Fr  5248/10 d
       Antrag auf Änderung  eingelangt am 29.04.2010
  34 eingetragen am 25.03.2011                  Geschäftsfall  71 Fr  4996/11 m
       Einreichung Jahresabschluss  eingelangt am 23.03.2011

 

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)

Oleg Demidkine

1967-12-09 

1040 Wien Wohllebengasse 4

manager,

partner

0

Oleg Belyy

 

1960-04-14 

 

Moskau Balkaklavskiy prospekt 1 - 383

partner

 

0

 

Pavel Doshlov

1973-03-04 

Moskau Bypolzov Per. 10-48

partner

0

Raimonds Namikis

1965-10-14 

1058 Riga Terinustraße 57A

partner

0

Ludmila Pereveznyuk

 

1973-09-06 

 

117296 Moskau Leninsky prospekt 64

partner

 

0

 

Sabine Rothmüller

1964-08-11 

1100 Wien Jagdgasse 29-31

partner,

individual signing clerk,

head of accounting

0

 

 

Balance Sheet 

(absolute) all amounts in EUR 

 

 

2010-09-30 

EDP programs

8.042,00

Advanced payments

68.958,70

Sum intangible assets

77.000,70

Land with buildings (building value)

134.171,09

Other operating and business equipment

44.907,00

Sum tangible assets

179.078,09

Shares on related firms

728.460,68

Other financial assets, values and securities of fixed assets

4.030,11

Sum financial assets

732.490,79

Sum fixed assets

988.569,58

Finished products

33.387.507,74

Advanced payments

1.642.160,84

Sum stock

35.029.668,58

Claims from delivered goods and performed services

565.302,64

Claims against related firmes Claims against companies with shareholding relationship

10.400.145,01

Other claims and assets

121.359,47

Sum claims

11.086.807,12

Cash on hand, cheques and bank deposits

1.771.921,17

Sum cash and bank

1.771.921,17

Sum current assets

47.888.396,87

Deferred charges

19.255,09

Sum deferred charges

19.255,09

Assets

48.896.221,54

Subscribed/declared capital

990.000,00

Legal reserves

99.000,00

Free reserves

3.432,91

Balance sheet profit/balance sheet loss

3.354.703,57

Thereof profit/loss carried forward

4.045.751,51

Sum equity capital

4.447.136,48

Reservesfor severance pays

36.907,66

Other reserves

272.135,10

Sum reserves

309.042,76

Liabilities against credit institutes

28.101.524,14

Received advanced payments for orders

157.051,28

Liabilities from delivered goods and performed services from the acceptance of drafts and emission of promissory notes

6.895.522,09

Liabilities against related firms

8.806.550,89

Other liabilities

179.393,90

Sum liabilities

44.140.042,30

Liabilities

48.896.221,54

Balance sheet sum

48.896.221,54

P / L Account 

(Absolute) all amounts in EUR 

 

 

2010-09-30 

Gross sales 

107.376.196,75

Sum turnover or sum gross profit 

107.376.196,75

Income from dissolution of reserves 

72.162,55

Other operating profits 

861.031,14

Other operating profits totally 

933.193,69

Costs for obtained services 

-6.496.898,56

Special account material costs 

-96.937.553,18

Costs for obtained services totally 

-103.434.451,74

Salaries 

-567.742,47

Costs for severance pays 

-18.299,68

Legal fringe benefits and other payments depending on salaries 

-165.093,99

Other social fringe benefits 

-22.395,04

Personnel expenses totally 

-773.531,18

Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation 

-32.110,50

Depreciation tangible assets / intangible assets totally 

-32.110,50

Different operating costs 

-3.863.881,64

Other taxes 

-29.099,36

Other operating costs totally 

-3.892.981,00

Operating result totally 

176.316,02

Interest income, securties income and similar income 

236.100,38

Interest and similar disbursements 

-1.101.714,34

Financial profits totally 

-865.613,96

Results from usual business activity totally 

-689.297,94

Taxes on income and profits 

-1.750,00

Taxes on income and profits totally 

-1.750,00

Annual surplus/annual deficit totally 

-691.047,94

Annual profit/annual loss totally 

-691.047,94

Profit and loss carried forward from previous year 

4.045.751,51

Transfer of profits totally 

4.045.751,51

B/S profit/ B/S loss from profit and loss account 

3.354.703,57

 

 

Key ratios

 

 

2010  

Cash flow II

  -658.937,44

Debt amortisation period

  -64,52

Bank indebtedness

  57,47

Equity capital share

  9,12

Social capital share

  0,07

Fixed assets coverage

  453,58

Net profit ratio

  -0,64

Capital turnover

  2,19

Return on investment

  0,84

Cash flow in % of operating performance

  -0,61

Cash flow I

  -657.187,44

Gross productivity

  138,81

Net productivity

  5,09

Operating performance

  107.376.196,75

Inventories in % of operating performance

  32,62

Gross profit

  3.941.745,01

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Dorotheergasse  6-8/10, A-1010 Wien

registered office 

 

 

 

operational 

Dorotheergasse  6-8/10, A-1010 Wien, (seit Mai 2001)

registered headquarters, rented premises 

 

 

office@safin.at

former 

Wohllebengasse  4, A-1040 Wien

registered office 

 

 

 

former 

Wohllebengasse  4, A-1040 Wien

registered headquarters 

 

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

 

Companies House

 

Shares in this company are held by:

Oleg Demidkine

 

Wohllebengasse  4/5a, A-1040 Wien

50 % 1993-11-24

 

 

 

Raimonds Namikis

 

Terinustraße  57A, LV-1058 Riga

40 % 1998-01-09

 

 

 

Ludmila Pereveznyuk

 

Leninsky prospekt  64/2/93, 117296 Moskau, RUS

4 % 2008-05-14

 

 

 

Sabine Rothmüller

 

Jagdgasse  29-31/1, A-1100 Wien

2.5 % 2008-05-14

 

 

 

Pavel Doshlov

 

Bypolzov Per.  10-48 Moskau, RUS

2.5 % 2008-05-14

 

 

 

Oleg Belyy

 

Balkaklavskiy prospekt  1 - 383 Moskau, RUS

1 % 2008-05-14

 

 

 

 

This company holds 100% of the shares in:

Safin Element G.m.b.H.

 

Dorotheergasse  6-8/10, A-1010 Wien

100 % 2008-10-16

 

 

FN 317849 a

 

 

Bankers

 

Banker

Bank sort code

Type of banking connection

UniCredit Bank Austria AG, 1011 Wien

 

11000

 

main bank connection

 

 

 

Historical development

 

Year of incorporation:

1993

Date of registration:

1994-02-10

 

Change in share capital:

From

To

Capital

   

  2000-03-09

ATS  3.000.000,00

  2000-03-09

  2001-05-15

EUR  655.000,00

  2001-05-15

   

EUR  990.000,00

 

Former executives:

From

To

Function

Name

   

  2002-10-12

manager 

Igor Mitrouchkine 

  2001-05-15

  2004-05-11

individual signing clerk 

Dkfm. Christian Börner 

 

Former shareholders:

From

To

Function

Name

  1998-03-21

  2000-03-09

partner 

Andrei Dobrov 

  1993-11-24

  2000-07-14

partner 

Igor Mitrouchkine 

  1998-01-09

  2001-05-15

partner 

Michael Schmölz 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.04

UK Pound

1

Rs.81.08

Euro

1

Rs.67.39

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.