|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
LOG & MET METALLHANDELSGESELLSCHAFT MBH |
|
|
|
|
Registered Office : |
Fercher von Steinwandstraße 8b, A-9500 Villach |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
20.04.2006 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale and Retail Trade Repair of Motor Vehicles |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
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 31, 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 |
|
|
|
|
Last up-date: |
2012-07-31 |
|
Company name: |
LOG & MET Metallhandelsgesellschaft mbH |
|
Status: |
active company |
|
Locations: |
Fercher von Steinwandstraße 8b, A-9500 Villach |
|
Phone: |
0043 (4242) 29513 |
|
Fax: |
0043 (4242) 29513 |
|
E-mail: |
|
|
Internet: |
|
|
Activities: |
Wholesale of other intermediate products n.e.c. |
|
|
|
|
General |
Model: Company Score |
|
Probability of Default (Basel II): |
0,70% |
|
comparison: |
The Rating of this company meets industry average. |
|
Recommendation: |
In respect to solvency reasons, there is nothing to say
against an establishment of a business relationship. |
|
|
|
|
Detail Assessment: |
Merchandise is mainly imported. Domestic obligations are
settled within net agreements. |
|
|
Company's solvency is average. An increasing amount of
external capital is required for investments. |
|
Year of incorporation: |
2006 |
|
||||
|
Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
||||
|
Legal form: |
limited liability company since 2006-04-03 |
|
||||
|
companies' house number: |
FN 277573 x Klagenfurt 2006-04-20 |
|
||||
|
Activities: |
|
|
||||
|
VAT number: |
ATU 62444313 |
|
||||
|
number - Austrian National Bank: |
7425309 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import
from and export to |
Country |
|
Year |
|
||
|
Import from and export to |
European Union |
|
2012 |
|
||
|
total turnover (total sales) |
2011 |
EUR 20.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2010 |
EUR 20.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2009 |
EUR 20.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2008 |
EUR 20.000.000,00 |
(approx.) |
|
total employees |
2012 |
3 |
(approx.) |
|
total investments |
2010 |
EUR 611.076,26 |
(exact) |
|
total company vehicles |
2012 |
3 |
(approx.) |
|
cars |
2012 |
3 |
(approx.) |
|
firm
(style): |
|
1
LOG & MET Metallhandelsgesellschaft |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Villach |
|
business
adress: |
|
5
Fercher von Steinwand Straße 8b |
|
capital: |
|
1
EUR 100.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
10
zum 31.12.2010 eingereicht am 11.06.2012 |
|
power
of representation: |
|
1
Die Gesellschaft hat einen, zwei oder mehrere Geschäfts- |
|
managing
director: |
|
A
Luca Venica, geb. 08.10.1976 |
|
shareholder: |
|
A
Luca Venica, geb. 08.10.1976 |
|
general
table: |
|
Landesgericht Klagenfurt |
|
Real
estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered
in the companies' house) |
|
Luca Venica |
1976-10-08 |
9500 Villach Fercher von Steinwandstraße 8b |
manager, partner |
5 |
|
Herbert Tiefling |
1954-01-23 |
9020 Klagenfurt Dr. Franz Pallagasse 21 |
partner |
13 |
|
|
2010-12-31 |
|
|
|
|
|
Intangible assets |
9.451,45 |
|
|
|
|
|
Sum intangible assets |
9.451,45 |
|
|
|
|
|
|
|||||
|
Land and leasehold rights with buildings thereon including
building on land owned by third parties |
987.677,98 |
|
|
|
|
|
Other operating and business equipment |
166.029,30 |
|
|
|
|
|
Sum tangible assets |
1.153.707,28 |
|
|
|
|
|
|
|||||
|
Other shareholdings |
44.000,00 |
|
|
|
|
|
Sum financial assets |
44.000,00 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
1.207.158,73 |
|
|
|
|
|
|
|||||
|
Stocks |
3.521.640,01 |
|
|
|
|
|
Sum stock |
3.521.640,01 |
|
|
|
|
|
|
|||||
|
Claims against related firmes Claims against companies
with shareholding relationship |
-212.011,38 |
|
|
|
|
|
Special account claims |
6.559.241,40 |
|
|
|
|
|
Sum claims |
6.347.230,02 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
631.482,93 |
|
|
|
|
|
Sum cash and bank |
631.482,93 |
|
|
|
|
|
|
|||||
|
Sum current assets |
10.500.352,96 |
|
|
|
|
|
|
|||||
|
Deferred charges |
18.493,20 |
|
|
|
|
|
Sum deferred charges |
18.493,20 |
|
|
|
|
|
Assets |
11.726.004,89 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
100.000,00 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
5.309.161,64 |
|
|
|
|
|
Thereof profit/loss carried forward |
5.205.009,53 |
|
|
|
|
|
Sum equity capital |
5.409.161,64 |
|
|
|
|
|
|
|||||
|
Other reserves before taxes |
15.064,58 |
|
|
|
|
|
Sum reserves before taxes |
15.064,58 |
|
|
|
|
|
|
|||||
|
Reserves |
116.471,60 |
|
|
|
|
|
Sum reserves |
116.471,60 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
2.925.299,82 |
|
|
|
|
|
Other liabilities |
3.260.007,25 |
|
|
|
|
|
Sum liabilities |
6.185.307,07 |
|
|
|
|
|
|
|||||
|
Liabilities |
11.726.004,89 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
11.726.004,89 |
|
|
|
|
|
|
2010-12-31 |
|
|
|
|
|
Gross profit |
1.830.498,18 |
|
|
|
|
|
Sum turnover or sum gross profit |
1.830.498,18 |
|
|
|
|
|
|
|||||
|
Salaries |
-448.826,61 |
|
|
|
|
|
Costs for severance pays |
-5.217,18 |
|
|
|
|
|
Legal fringe benefits and other payments depending on
salaries |
-105.090,82 |
|
|
|
|
|
Personnel expenses totally |
-559.134,61 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-59.554,17 |
|
|
|
|
|
Depreciation tangible assets / intangible assets
totally |
-59.554,17 |
|
|
|
|
|
|
|||||
|
Different operating costs |
-770.244,67 |
|
|
|
|
|
Other operating costs totally |
-770.244,67 |
|
|
|
|
|
|
|||||
|
Operating result totally |
441.564,73 |
|
|
|
|
|
|
|||||
|
Interest and similar disbursements |
-87.739,89 |
|
|
|
|
|
Financial profits totally |
-87.739,89 |
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
353.824,84 |
|
|
|
|
|
|
|||||
|
Extraordinary profits |
327,27 |
|
|
|
|
|
Extraordinary result totally |
327,27 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-250.000,00 |
|
|
|
|
|
Taxes on income and profits totally |
-250.000,00 |
|
|
|
|
|
Annual surplus/annual deficit
totally |
104.152,11 |
|
|
|
|
|
|
|||||
|
Annual profit/annual loss
totally |
104.152,11 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
5.205.009,53 |
|
|
|
|
|
Transfer of profits totally |
5.205.009,53 |
|
|
|
|
|
B/S profit/ B/S loss from profit and
loss account |
5.309.161,64 |
|
|
|
|
|
|
2010 |
|
Cash flow II |
163.706,28 |
|
Debt amortisation period |
34,63 |
|
Bank indebtedness |
24,94 |
|
Equity capital share |
46,25 |
|
Social capital share |
0,00 |
|
Fixed assets coverage |
449,33 |
|
Net profit ratio |
0,00 |
|
Capital turnover |
0,00 |
|
Return on investment |
3,76 |
|
Cash flow in % of operating performance |
0,00 |
|
Cash flow I |
413.379,01 |
|
Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
0,00 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
1.830.498,18 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Fercher von Steinwandstraße 8b, A-9500 Villach |
registered office |
|
|
|
|
|
operational |
Fercher von Steinwandstraße 8b, A-9500 Villach |
registered headquarters, rented premises |
|
|
|
I.venica@log-met.com |
|
former |
Hauptplatz 19, A-9500 Villach |
registered office |
|
|
|
|
|
former |
Hauptplatz 19, A-9500 Villach |
registered headquarters |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are
held by: |
||||
|
Luca Venica |
Fercher von Steinwandstraße 8b/5, A-9500 Villach |
98 % 2006-04-20 |
|
|
|
Herbert Tiefling |
Dr. Franz Pallagasse 21, A-9020 Klagenfurt |
2 % 2010-05-07 |
|
|
|
|
||||
|
This company holds 50% to 99%
of the shares in: |
||||
|
Log Service GmbH |
Fercher von Steinwandstraße 8b/3, A-9500 Villach |
51 % 2011-06-08 |
|
FN 364066 t |
|
|
||||
|
Affiliated companies and
further participations: |
||||
|
Primo Piano Parrucchieri GmbH |
Fercher von Steinwandstraße 8B/6, A-9500 Villach |
|
|
FN 355316 z |
|
ATI Immobilien GmbH |
Fercher von Steinwandstraße 8b/5, A-9500 Villach |
|
|
FN 358577 w |
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 9500 Villach |
12000 |
main bank connection |
|
Year of incorporation: |
2006 |
|
Date of registration: |
2006-04-20 |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2006-04-20 |
2010-05-07 |
partner |
ALL-IN-ONE Steuerberatungsgesellschaft mbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
|
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
SHG |
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.