|
Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
PPC INSULATORS |
|
|
|
|
Registered Office : |
Wienerbergerstraße 11, Turm A 05, A-1100 Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
2001 |
|
|
|
|
Legal Form : |
Limited Liability Company Since |
|
|
|
|
Line of Business : |
Manufacture of ceramic insulators and insulating fittings |
|
|
|
|
No. of Employees : |
205 |
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 144.000,00 |
|
Status : |
Good |
|
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 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Austria |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company name: |
PPC Insulators Austria GmbH |
|
Status: |
active company |
|
Locations: |
Wienerbergerstraße 11,
Turm A 05, A-1100 Wien |
|
Phone: |
0043 (1) 9825850 |
|
Fax: |
0043 (1) 9825850 - 1540 |
|
E-mail: |
|
|
Internet: |
http://www.ppcinsulators.com |
|
Activities: |
Önace 23430 100% Manufacture
of ceramic insulators and insulating fittings |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel
II): |
Medium high risk |
|
comparison: |
The Rating of this company is
worse than industry average. |
|
Recommendation: |
In respect to solvency reasons,
there is basically nothing to say against an establishment of a business
relationship. However, we recommend to take additional safeguarding measures. |
|
|
|
|
Detail Assessment: |
Payments are made irregularly,
sometimes according to agreements. In several cases reminders have been
necessary. |
|
|
Company's solvency is weak.
Earnings potential is unsatisfactory. is regarded as not satisfactory. |
|
|
Maximum credit EUR
144.000,00 |
|
Year of incorporation: |
2001 |
|
||||
|
Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company
since 2001-08-14 |
|
||||
|
companies' house number: |
FN 212704 a Wien 2001-08-30 |
|
||||
|
Activities: |
|
|
||||
|
VAT number: |
ATU 52783901 |
|
||||
|
number - Austrian National
Bank: |
5208467 |
|
||||
|
Import |
Country |
|
|
|
||
|
Import |
Asia |
|
2012 |
|
||
|
Import |
European Union |
|
2012 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
world-wide |
|
2012 |
|
|
total turnover (total sales) |
2011 |
EUR 36.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2010 |
EUR 36.638.662,69 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 39.547.816,49 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 58.119.819,11 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 26.337.749,61 |
(exact) |
|
total employees |
2012 |
205 |
(approx.) |
|
firm
(style): |
|
19 PPC Insulators Austria GmbH |
|
legal
form: |
|
1 Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde Wien |
|
business
adress: |
|
19 Vienna Twin Tower |
|
capital: |
|
17 EUR 1.000.000 |
|
reference
date annual accounts: |
|
1 31. Dezember |
|
annual
accounts: |
|
25 zum 31.12.2010 eingereicht am
28.11.2011 |
|
power
of representation: |
|
1 Die Gesellschaft wird, wenn mehrere
Geschäftsführer |
|
proxy: |
|
F Rudolf Jöbstl, geb. 22.02.1950 |
|
managing
director: |
|
E Werner Wippel, geb. 15.09.1955 |
|
shareholder: |
|
J Seves Austria Holding GmbH |
|
general
table: |
|
Handelsgericht Wien |
|
Real
estate KSV text: |
|
No real estate property
registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions
(as registered in the companies' house) |
|
Ivan Kosalko |
1956-06-30 |
94901 Nitra Hornozoborska 118 |
manager |
0 |
|
Werner Wippel |
1955-09-15 |
8523 Frauental Gamserstraße 30 |
manager |
1 |
|
Mag. Michael Flandorfer |
1976-08-27 |
2123 Unterolberndorf
Birkengasse 11 |
joint signing clerk, head of accounting |
0 |
|
Ing. Johannes Gebhart |
1960-12-16 |
2482 Seedörfl Kirchenfeldgasse
11 |
joint signing clerk |
0 |
|
Rudolf Jöbstl |
1950-02-22 |
8530 Deutschlandsberg
Feilhofengasse 17 |
joint signing clerk, head of purchasing |
2 |
|
Ing. Hannes Kainz |
1974-07-15 |
8530 Deutschlandsberg
Kienburgweg 6 |
joint signing clerk |
1 |
|
Ing. Franz Steinbauer |
1961-08-29 |
8522 Unterbergla
Florianerstraße 131 |
joint signing clerk |
0 |
|
Peter Tichy |
1966-04-03 |
2544 Leobersdorf Franz
Wengergasse 20 |
joint signing clerk |
0 |
|
Mag. Heinz Loder |
|
8523 Frauental Gamserstraße
38(c/o) |
head of sales, head of marketing |
0 |
|
Dipl-Ing. Gustav Gödel |
|
1150 Wien Stättermayergasse
28(c/o) |
technical director |
0 |
(absolute) all amounts in EUR
|
|
2010-12-31 |
|
|
|
|
|
Patents and licenses |
33.921,60 |
|
|
|
|
|
Sum intangible assets |
33.921,60 |
|
|
|
|
|
|
|||||
|
Other operating and business equipment |
426.143,29 |
|
|
|
|
|
Technical plants and machines |
3.749.277,98 |
|
|
|
|
|
Advanced payments and
constructions in progress |
50.679,06 |
|
|
|
|
|
Sum tangible assets |
4.226.100,33 |
|
|
|
|
|
|
|||||
|
Other financial assets, values
and securities of fixed assets |
377.771,93 |
|
|
|
|
|
Sum financial assets |
377.771,93 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
4.637.793,86 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and
supplies |
745.461,49 |
|
|
|
|
|
Unfinished products |
1.865.634,00 |
|
|
|
|
|
Finished products |
901.495,12 |
|
|
|
|
|
Sum stock |
3.512.590,61 |
|
|
|
|
|
|
|||||
|
Claims against related firmes
Claims against companies with shareholding relationship |
21.230.658,43 |
|
|
|
|
|
Other claims and assets |
4.126.235,26 |
|
|
|
|
|
Sum claims |
25.356.893,69 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank
deposits |
1.430,54 |
|
|
|
|
|
Sum cash and bank |
1.430,54 |
|
|
|
|
|
|
|||||
|
Sum current assets |
28.870.914,84 |
|
|
|
|
|
|
|||||
|
Deferred charges |
6.238,26 |
|
|
|
|
|
Sum deferred charges |
6.238,26 |
|
|
|
|
|
Assets |
33.514.946,96 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
1.000.000,00 |
|
|
|
|
|
Capital reserves |
4.095.000,00 |
|
|
|
|
|
Legal reserves |
100.000,00 |
|
|
|
|
|
Free reserves |
489.000,00 |
|
|
|
|
|
Balance sheet profit/balance
sheet loss |
-3.798.718,96 |
|
|
|
|
|
Thereof profit/loss carried
forward |
322.198,13 |
|
|
|
|
|
Sum equity capital |
1.885.281,04 |
|
|
|
|
|
|
|||||
|
Reservesfor severance pays |
2.820.583,00 |
|
|
|
|
|
Other reserves |
3.111.087,69 |
|
|
|
|
|
Sum reserves |
5.931.670,69 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
1.575.004,80 |
|
|
|
|
|
Received advanced payments for
orders |
49.853,70 |
|
|
|
|
|
Liabilities from delivered
goods and performed services from the acceptance of drafts and emission of
promissory notes |
2.857.619,97 |
|
|
|
|
|
Liabilities against related
firms |
20.271.056,58 |
|
|
|
|
|
Other liabilities |
944.460,18 |
|
|
|
|
|
Sum liabilities |
25.697.995,23 |
|
|
|
|
|
|
|||||
|
Liabilities |
33.514.946,96 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
33.514.946,96 |
|
|
|
|
P / L
Account (absolute) all amounts in EUR
|
|
2010-12-31 |
|
|
|
|
|
Gross sales |
36.638.662,69 |
|
|
|
|
|
Increase or decrease in finished
and unfinished goods and in service claims |
-657.342,50 |
|
|
|
|
|
Sum turnover or sum gross
profit |
35.981.320,19 |
|
|
|
|
|
|
|||||
|
Other operating profits |
2.858.633,31 |
|
|
|
|
|
Other operating profits
totally |
2.858.633,31 |
|
|
|
|
|
|
|||||
|
Special account material costs |
-18.585.698,08 |
|
|
|
|
|
Costs for obtained services
totally |
-18.585.698,08 |
|
|
|
|
|
|
|||||
|
Wages |
-5.455.699,35 |
|
|
|
|
|
Salaries |
-2.614.892,01 |
|
|
|
|
|
Costs for severance pays |
-551.693,81 |
|
|
|
|
|
Legal fringe benefits and
other payments depending on salaries |
-2.291.169,58 |
|
|
|
|
|
Other social fringe benefits |
-115.179,06 |
|
|
|
|
|
Personnel expenses totally |
-11.028.633,81 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible
assets, tangible assets,activated expenses for the set up and expansion of
business operation |
-1.021.218,31 |
|
|
|
|
|
Depreciation tangible assets /
intangible assets totally |
-1.021.218,31 |
|
|
|
|
|
|
|||||
|
Different operating costs |
-8.108.773,34 |
|
|
|
|
|
Other taxes |
-73.973,71 |
|
|
|
|
|
Other operating costs totally |
-8.182.747,05 |
|
|
|
|
|
|
|||||
|
Operating result totally |
21.656,25 |
|
|
|
|
|
|
|||||
|
Interest income, securties
income and similar income |
734.595,27 |
|
|
|
|
|
Disbursements from other
financial assets and from securities of current assets (e.g. depreciations) |
-4.204.830,37 |
|
|
|
|
|
Interest and similar
disbursements |
-667.785,54 |
|
|
|
|
|
Financial profits totally |
-4.138.020,64 |
|
|
|
|
|
|
|||||
|
Results from usual business
activity totally |
-4.116.364,39 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-4.552,70 |
|
|
|
|
|
Taxes on income and profits
totally |
-4.552,70 |
|
|
|
|
|
Annual surplus/annual deficit
totally |
-4.120.917,09 |
|
|
|
|
|
|
|||||
|
Annual profit/annual loss
totally |
-4.120.917,09 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward
from previous year |
322.198,13 |
|
|
|
|
|
Transfer of profits totally |
322.198,13 |
|
|
|
|
|
B/S profit/ B/S loss from
profit and loss account |
-3.798.718,96 |
|
|
|
|
|
|
2010 |
|
|
|
|
|
|
Cash flow II |
-3.099.698,78 |
|
|
|
|
|
|
Debt amortisation period |
-10,18 |
|
|
|
|
|
|
Bank indebtedness |
4,69 |
|
|
|
|
|
|
Equity capital share |
5,63 |
|
|
|
|
|
|
Social capital share |
8,41 |
|
|
|
|
|
|
Fixed assets coverage |
101,46 |
|
|
|
|
|
|
Net profit ratio |
-11,44 |
|
|
|
|
|
|
Capital turnover |
1,07 |
|
|
|
|
|
|
Return on investment |
-10,28 |
|
|
|
|
|
|
Cash flow in % of operating
performance |
-8,61 |
|
|
|
|
|
|
Cash flow I |
-3.095.146,08 |
|
|
|
|
|
|
Gross productivity |
3,26 |
|
|
|
|
|
|
Net productivity |
1,57 |
|
|
|
|
|
|
Operating performance |
35.981.320,19 |
|
|
|
|
|
|
Inventories in % of operating
performance |
9,76 |
|
|
|
|
|
|
Gross profit |
17.395.622,11 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Wienerbergstraße 11,
Turm A 05, A-1100 Wien, Vienna Twin Tower |
registered office |
|
|
|
|
|
operational |
Wienerbergerstraße 11,
Turm A 05, A-1100 Wien, Vienna Twin Tower |
registered headquarters |
|
|
|
substationbusiness@serves.com |
|
operational |
Gamserstraße 38, A-8523
Frauental |
factory |
|
|
|
|
|
former |
Stättermayergasse 28,
A-1150 Wien |
registered office |
|
|
|
|
|
former |
Stättermayergasse 28,
A-1150 Wien |
registered headquarters |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
KSV-number |
Companies House |
|
Shares in this company are
held by: |
||||
|
Seves Austria Holding GmbH |
Wienerbergstraße 11/Turm
A 05, A-1100 Wien |
100 % 2009-01-16 |
1.433.642 |
FN 265930 z |
|
|
||||
|
Affiliated companies and
further participations: |
||||
|
CERAM Liegenschaftsverwaltung
GmbH |
Gamserstrasse 38, A-8523
Frauental |
|
439.358 |
FN 115818 x |
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
|
Raiffeisen Bank International
AG, 1011 Wien |
31000 |
main bank connection |
|
|
Fortis Bank SA/NV Niederlassung
Österreich, 1120 Wien |
18100 |
secondary banking connection |
|
|
Raiffeisenlandesbank
Steiermark, 8011 Graz |
38000 |
secondary banking connection |
|
|
|
|
||
|
Year of incorporation: |
2001 |
|
Date of registration: |
2001-08-30 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2008-12-31 |
Porzellanfabrik Frauenthal
Insulators GmbH |
|
2008-12-31 |
|
PPC Insulators Austria GmbH |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2008-10-14 |
EUR 35.000,00 |
|
2008-10-14 |
|
EUR 1.000.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
2002-03-06 |
2003-09-17 |
joint signing clerk |
Werner Wippel |
|
2003-02-04 |
2008-12-31 |
joint signing clerk |
Mag. Franz Müller |
|
2008-11-05 |
2010-11-25 |
joint signing clerk |
Thomas Sekulin |
|
2001-08-30 |
2002-03-06 |
manager |
Mag. Karl Führer |
|
2001-08-30 |
2003-02-04 |
manager |
Franz Schaffer |
|
2003-02-04 |
2004-02-04 |
manager |
Leif Granroth |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2002-03-06 |
2008-10-14 |
partner |
PPC Insulators Holding GmbH |
|
2008-10-14 |
2009-01-16 |
partner |
Seves Austria Holding GmbH |
|
2001-08-30 |
2002-03-06 |
partner |
Porzellanfabrik Frauenthal
GmbH |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2008-12-30 |
merged with |
PPC Insulators GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.79 |
|
|
1 |
Rs.85.17 |
|
Euro |
1 |
Rs.69.53 |
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.