|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
ERNE FITTINGS GMBH |
|
|
|
|
Registered Office : |
Hauptstraße 48, A-6824 Schlins |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
1996 |
|
|
|
|
Legal Form : |
Limited Liability Company since 1996-12-27 |
|
|
|
|
Line of Business : |
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel |
|
|
|
|
No. of Employees : |
324 Approximately |
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 1.382.000,00 |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Austria |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
|
|
|
Company name: |
Erne Fittings GmbH |
|
Status: |
active company |
|
Locations: |
Hauptstraße 48, A-6824 Schlins |
|
Phone: |
0043 (5524) 501 |
|
Fax: |
0043 (5524) 501 - 930 |
|
E-mail: |
office@ernefittings.com |
|
Internet: |
http://www.erne.at/index.htm |
|
Internet: |
http://www.ernefittings.com |
|
Activities: |
Önace 24200 100% Manufacture of tubes, pipes, hollow profiles and
related fittings, of steel |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Recommendation: |
In respect to solvency reasons, there is nothing to say against an
establishment of a business relationship. |
|
|
|
|
Detail Assessment: |
Payment Payments are sometimes made using cash discounts or according to
conditions. |
|
|
Assessment Financial situation is satisfactory. |
|
|
Maximum credit EUR 1.382.000,00 |
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|||||
|
Year of incorporation: |
1996 |
|
||||
|
Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company since 1996-12-27 |
|
||||
|
companies' house number: |
FN 153885 b Feldkirch 1997-01-10 |
|
||||
|
Activities: |
|
|
||||
|
VAT number: |
ATU 41695206 |
|
||||
|
ARA-number: |
6830 |
|
||||
|
number - Austrian National Bank: |
3487474 |
|
||||
|
|
|
|||||
|
|
||||||
|
Export |
Country |
|
|
|
||
|
Export |
world-wide |
|
2011 |
|
||
|
total turnover (total sales) |
2010 |
EUR 72.699.920,61 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 115.477.327,51 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 123.899.237,94 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 106.362.093,47 |
(exact) |
|
total turnover (total sales) |
2006 |
EUR 93.353.931,48 |
(exact) |
|
total employees |
2010 |
324 |
(approx.) |
|
total company vehicles |
2011 |
8 |
(exact) |
|
firm (style): |
|
1 Erne Fittings GmbH |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde
Schlins |
|
business adress: |
|
1 Hauptstraße 48 |
|
capital: |
|
7 EUR 1.200.000 |
|
reference date
annual accounts: |
|
7 31. Dezember |
|
annual accounts: |
|
32 zum 31.12.2010
eingereicht am 29.09.2011 |
|
power of
representation: |
|
1 Sind zwei oder mehrere
Geschäftsführer bestellt, wird deren |
|
proxy: |
|
L Ing Gerfried Auer, geb.
04.09.1955 |
|
managing
director: |
|
R DI Norbert Heinzle, geb.
05.10.1964 |
|
shareholder: |
|
U Erne Group GmbH |
|
general table: |
|
Landesgericht Feldkirch |
|
Registration number of real estate 49 Cadastral
register 92121 Schlins V Number and date of entry
5426/2009 Status of 2011-05-25 |
|
Part A - type of
real estate : |
|
GST-NR G BA (NUTZUNG) FLäCHE GST-ADRESSE |
|
Part B -
ownership details : |
|
2 ANTEIL: 1/1 |
|
1 a 3533/1960 Urkunde und
Pfandurkunde 1960-08-19 |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
|
Dipl-Ing. Norbert Heinzle |
1964-10-05 |
6850 Dornbirn Mozartstraße 15 |
manager, technical director |
0 |
|
Dr. Bernd Helmar Schedler |
1970-06-05 |
6850 Dornbirn Kehlerstraße 26a |
manager, head of accounting |
1 |
|
Wolfgang Ignaz Ammann |
1966-05-13 |
6824 Schlins St. Loi-Gasse 10d |
joint signing clerk |
0 |
|
Ing. Gerfried Auer |
1955-09-04 |
6824 Schlins Hauptstraße 48 c/o |
joint signing clerk |
0 |
|
Otto Bont |
1954-06-23 |
6824 Schlins Haupstraße 48 (c/o) |
joint signing clerk, head of purchasing |
0 |
|
Ing.Dr. Michael Mergenbaum |
1966-11-29 |
6824 Schlins Hauptstraße 48(c/o) |
head of sales, head of marketing |
0 |
|
Mag. Raimund Fitz |
|
6824 Schlins Hauptstraße 48(c/o) |
head of EDP |
0 |
|
|
2010-12-31 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
285.029,80 |
|
|
|
|
|
Sum intangible assets |
285.029,80 |
|
|
|
|
|
|
|||||
|
Land and leasehold rights with buildings thereon including building on
land owned by third parties |
9.287.843,16 |
|
|
|
|
|
Other operating and business equipment |
921.570,74 |
|
|
|
|
|
Technical plants and machines |
8.851.331,37 |
|
|
|
|
|
Advanced payments and constructions in progress |
154.075,58 |
|
|
|
|
|
Sum tangible assets |
19.214.820,85 |
|
|
|
|
|
|
|||||
|
Shares on related firms |
8.504.559,93 |
|
|
|
|
|
Loans to related firms |
2.300.000,00 |
|
|
|
|
|
Other loans |
672.000,00 |
|
|
|
|
|
Sum financial assets |
11.476.559,93 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
30.976.410,58 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and supplies |
8.923.460,73 |
|
|
|
|
|
Unfinished products |
2.753.141,00 |
|
|
|
|
|
Finished products |
17.113.092,06 |
|
|
|
|
|
Outstanding service claims |
106.619,70 |
|
|
|
|
|
Sum stock |
28.896.313,49 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
9.815.343,41 |
|
|
|
|
|
Claims against related firmes Claims against companies with
shareholding relationship |
3.546.980,11 |
|
|
|
|
|
Other claims and assets |
1.361.388,56 |
|
|
|
|
|
Sum claims |
14.723.712,08 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
5.717.132,00 |
|
|
|
|
|
Sum cash and bank |
5.717.132,00 |
|
|
|
|
|
|
|||||
|
Sum current assets |
49.337.157,57 |
|
|
|
|
|
|
|||||
|
Deferred charges |
108.690,85 |
|
|
|
|
|
Sum deferred charges |
108.690,85 |
|
|
|
|
|
Assets |
80.422.259,00 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
1.200.000,00 |
|
|
|
|
|
Committed capital reserves |
901.143,14 |
|
|
|
|
|
Legal reserves |
120.000,00 |
|
|
|
|
|
Free reserves |
3.000.000,00 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
42.603.266,82 |
|
|
|
|
|
Thereof profit/loss carried forward |
39.509.872,53 |
|
|
|
|
|
Sum equity capital |
47.824.409,96 |
|
|
|
|
|
|
|||||
|
Other reserves before taxes |
1.635.494,00 |
|
|
|
|
|
Sum reserves before taxes |
1.635.494,00 |
|
|
|
|
|
|
|||||
|
Reservesfor severance pays |
2.699.926,00 |
|
|
|
|
|
Tax reserves |
1.441.835,00 |
|
|
|
|
|
Other reserves |
4.361.718,00 |
|
|
|
|
|
Sum reserves |
8.503.479,00 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
15.042.307,17 |
|
|
|
|
|
Received advanced payments for orders |
1.025.380,90 |
|
|
|
|
|
Liabilities from delivered goods and performed services from the
acceptance of drafts and emission of promissory notes |
3.417.070,85 |
|
|
|
|
|
Liabilities against related firms |
1.393.383,79 |
|
|
|
|
|
Other liabilities |
1.580.733,33 |
|
|
|
|
|
Sum liabilities |
22.458.876,04 |
|
|
|
|
|
|
|||||
|
Liabilities |
80.422.259,00 |
|
|
|
|
|
|
|||||
|
Contingent liabilities |
8.685.680,24 |
|
|
|
|
|
Balance sheet sum |
80.422.259,00 |
|
|
|
|
|
|
2010-12-31 |
|
|
|
|
|
Gross sales |
72.740.119,23 |
|
|
|
|
|
Increase or decrease in finished and unfinished goods and in service
claims |
-1.660.955,35 |
|
|
|
|
|
Other manufacturing costs capitalized |
175.603,09 |
|
|
|
|
|
Sum turnover or sum gross profit |
71.254.766,97 |
|
|
|
|
|
|
|||||
|
Income from dissolution of reserves |
1.373.692,00 |
|
|
|
|
|
Other operating profits |
1.942.028,74 |
|
|
|
|
|
Other operating profits totally |
3.315.720,74 |
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-737.605,80 |
|
|
|
|
|
Special account material costs |
-39.177.651,58 |
|
|
|
|
|
Costs for obtained services totally |
-39.915.257,38 |
|
|
|
|
|
|
|||||
|
Wages |
-4.347.084,78 |
|
|
|
|
|
Salaries |
-9.391.741,15 |
|
|
|
|
|
Costs for severance pays |
-529.622,26 |
|
|
|
|
|
Costs for old age pension |
-11.459,84 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-3.562.797,06 |
|
|
|
|
|
Other social fringe benefits |
-297.860,88 |
|
|
|
|
|
Personnel expenses totally |
-18.140.565,97 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-3.608.567,43 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-3.608.567,43 |
|
|
|
|
|
|
|||||
|
Different operating costs |
-9.141.665,29 |
|
|
|
|
|
Other taxes |
-121.062,45 |
|
|
|
|
|
Other operating costs totally |
-9.262.727,74 |
|
|
|
|
|
|
|||||
|
Operating result totally |
3.643.369,19 |
|
|
|
|
|
|
|||||
|
Profits from the retirement of and investment in financial assets and
securities of current assets |
1.164.000,00 |
|
|
|
|
|
Interest income, securties income and similar income |
130.932,65 |
|
|
|
|
|
Interest and similar disbursements |
-428.392,36 |
|
|
|
|
|
Financial expenses |
-477.527,02 |
|
|
|
|
|
Financial profits totally |
389.013,27 |
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
4.032.382,46 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-877.008,17 |
|
|
|
|
|
Taxes on income and profits totally |
-877.008,17 |
|
|
|
|
|
Annual surplus/annual deficit totally |
3.155.374,29 |
|
|
|
|
|
|
|||||
|
Dissolution reserves before taxes |
125.109,00 |
|
|
|
|
|
Transfer to reserves before taxes |
-187.089,00 |
|
|
|
|
|
Reserves movements totally |
-61.980,00 |
|
|
|
|
|
Annual profit/annual loss totally |
3.093.394,29 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
39.509.872,53 |
|
|
|
|
|
Transfer of profits totally |
39.509.872,53 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss
account |
42.603.266,82 |
|
|
|
|
|
|
2010 |
|
Cash flow II |
6.763.941,72 |
|
Debt amortisation period |
3,58 |
|
Bank indebtedness |
18,70 |
|
Equity capital share |
62,29 |
|
Social capital share |
3,35 |
|
Fixed assets coverage |
168,38 |
|
Net profit ratio |
5,65 |
|
Capital turnover |
0,88 |
|
Return on investment |
5,54 |
|
Cash flow in % of operating performance |
9,49 |
|
Cash flow I |
7.640.949,89 |
|
Gross productivity |
3,92 |
|
Net productivity |
1,72 |
|
Operating performance |
71.254.766,97 |
|
Inventories in % of operating performance |
40,55 |
|
Gross profit |
31.339.509,59 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Hauptstraße 48, A-6824 Schlins |
registered headquarters, rented premises |
|
|
|
office@ernefittings.com |
|
operational |
Industriepark , A-8680 Mürzzuschlag, (Zweitwerk) |
branch office |
|
|
|
|
|
operational |
Josef Ernestraße , A-6824 Schlins, (Logistikzentrum) |
office |
|
|
|
|
|
operational |
Hauptstraße 48, A-6824 Schlins |
registered office |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
Companies House |
|
|
Shares in this company are held by: |
||||
|
Erne Group GmbH |
Rönsberg 21, A-6824 Schlins |
99 % 2011-04-08 |
FN 360057 x |
|
|
ZG Erne GmbH |
Rönsberg 21, A-6824 Schlins |
1 % 2011-04-13 |
FN 74919 a |
|
|
|
||||
|
This company holds 100% of the shares in: |
||||
|
Erne Beteiligungs GmbH |
Hauptstraße 48, A-6824 Schlins |
100 % 2007-12-28 |
FN 153887 f |
|
|
|
||||
|
This company holds less than 50% of the
shares in: |
||||
|
ELB-Form GmbH |
Riederstraße 12, A-6773 Vandans |
49 % 2008-01-25 |
FN 78178 v |
|
|
Mürzzuschlager Innovations- und Ausbildungsgesellschaft m.b.H. |
Grüne Insel 2, A-8680 Mürzzuschlag |
5 % 1997-08-22 |
FN 76420 h |
|
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
|
Bank für Tirol und Vorarlberg Aktienges., 6800 Feldkirch |
16000 |
main bank connection |
|
|
UniCredit Bank Austria AG, 6800 Feldkirch |
12000 |
secondary banking connection |
|
|
Investkredit Bank AG, 1013 Wien |
18160 |
secondary banking connection |
|
|
Sparkasse Mürzzuschlag, 8680 Mürzzuschlag |
20828 |
secondary banking connection |
|
|
Raiffeisen Bank International AG, 1011 Wien |
31000 |
secondary banking connection |
|
|
|
|
||
|
Year of incorporation: |
1996 |
|
Date of registration: |
1997-01-10 |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
1999-10-07 |
ATS 500.000,00 |
|
1999-10-07 |
|
EUR 1.200.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
2010-01-23 |
manager |
Dipl-Ing.Dr. Ernst Bitsche |
|
2010-01-23 |
2010-06-11 |
manager |
Ing.Dr. Michael Mergenbaum |
|
1998-06-20 |
2000-07-21 |
joint signing clerk |
Ing. Helmut Haspl |
|
1997-03-01 |
2000-07-21 |
joint signing clerk |
Albert Jenny |
|
1997-03-01 |
2008-01-17 |
joint signing clerk |
Mag. Alois Neier |
|
2004-12-14 |
2010-01-23 |
joint signing clerk |
Dipl-Ing. Norbert Heinzle |
|
2005-12-06 |
2010-01-23 |
joint signing clerk |
Ing.Dr. Michael Mergenbaum |
|
2007-11-21 |
2010-01-23 |
joint signing clerk |
Dr. Bernd Helmar Schedler |
|
2000-07-21 |
2011-03-05 |
joint signing clerk |
Ing. Walter Zech |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1997-01-10 |
1997-01-24 |
partner |
Josef Erne |
|
1997-01-10 |
2007-11-21 |
partner |
Martin Erne |
|
1997-01-10 |
2011-04-08 |
partner |
Sigrid Brändle |
|
1997-01-10 |
2011-04-08 |
partner |
Mag. Helmut Erne |
|
1997-01-24 |
2011-04-08 |
partner |
Markus Erne |
|
1997-01-24 |
2011-04-08 |
partner |
Anna Maria Matt |
|
1997-01-10 |
2011-04-08 |
partner |
Ulrike Mähr |
|
1997-01-10 |
2011-04-13 |
partner |
Maria Magdalena Andretta Gamon |
|
1997-01-10 |
2011-04-13 |
partner |
Gerhard Gamon |
|
1997-01-10 |
2011-04-13 |
partner |
Johann Josef Gamon |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
1992-03-04 |
1997-12-13 |
Erne Fittings Gesellschaft m.b.H. & Co |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2005-02-02 |
merged with |
Erne Fittings Gesellschaft m.b.H. & Co |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
|
|
1 |
Rs.83.18 |
|
Euro |
1 |
Rs.68.06 |
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.