|
Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
GEISLINGER GMBH |
|
|
|
|
Registered Office : |
Hallwanger Landesstraße 3, A-5300 Hallwang |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
1958 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of bearings, gears, gearing and driving elements |
|
|
|
|
No. of Employees : |
600 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Austria |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
austria - ECONOMIC OVERVIEW
Austria, with its well-developed market economy, skilled labor force,
and high standard of living, is closely tied to other EU economies, especially Germany's.
Its economy features a large service sector, a sound industrial sector, and a
small, but highly developed agricultural sector. Following several years of
solid foreign demand for Austrian exports and record employment growth, the
international financial crisis of 2008 and subsequent global economic downturn
led to a sharp but brief recession. Austrian GDP contracted 3.9% in 2009 but
saw positive growth of about 2% in 2010 and 3% in 2011. Unemployment did not
rise as steeply in Austria as elsewhere in Europe, partly because the
government subsidized reduced working hour schemes to allow companies to retain
employees. Stabilization measures, stimulus spending, and an income tax reform
pushed the budget deficit to 4.7% in 2010 and 3.6% in 2011, from only about
1.3% in 2008. The international financial crisis of 2008 caused difficulties
for Austria''s largest banks whose extensive operations in central, eastern,
and southeastern Europe faced large losses. The government provided bank
support - including in some instances, nationalization - to support aggregate
demand and stabilize the banking system. Austria''s fiscal position compares
favorably with other euro-zone countries, but it faces considerable external
risks, such as Austrian banks'' continued high exposure to central and eastern
Europe as well as political and economic uncertainties caused by the European
sovereign debt crisis. In 2011 the government attempted to pass a
constitutional amendment limiting public debt to 60% of GDP by 2020, but it was
unable to obtain sufficient support in parliament and instead passed the
measure as a simple law. In March 2012, the Austrian parliament approved an
austerity budget that will bring public finances into balance by 2016.
|
Source : CIA |
|
Last up-date: |
2012-12-10 |
|
Company name: |
GEISLINGER GMBH |
|
Status: |
active company |
|
Locations: |
Hallwanger Landesstraße 3, A-5300 Hallwang |
|
Phone: |
0043 (662) 66999 |
|
Fax: |
0043 (662) 66999 - 40 |
|
E-mail: |
info@geislinger.com |
|
Internet: |
http://www.geislinger.com |
|
Activities: |
Önace 28150 80% Manufacture of bearings, gears, gearing and driving
elements |
|
|
Önace 96090 20% Other personal service activities n.e.c. |
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel II): |
0,08% Very low risk |
|
comparison: |
The Rating of this company is better than 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 and invoices of
forwarders are settled within net agreements. |
|
|
Company's financial situation is in order. Earnings potential is positive. |
|
Year of incorporation: |
1958 |
|
||||
|
Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company since 1988-01-07 |
|
||||
|
companies' house number: |
FN 54548 v Salzburg 1988-01-20 |
|
||||
|
Activities: |
|
|
||||
|
VAT number: |
ATU 36843305 |
|
||||
|
number - Austrian National Bank: |
469882 |
|
||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
Germany |
|
2012 |
|
||
|
Import |
Italy |
|
2012 |
|
||
|
Export |
Country |
|
|
|
|
Export |
Croatia |
|
2012 |
|
|
Export |
Germany |
|
2012 |
|
|
Export |
USA |
|
2012 |
|
Financial data:
|
total turnover (total sales) |
2011 |
EUR 95.000.000,00 |
(approx.) |
|
total turnover (total sales) |
2010 |
EUR 66.960.317,56 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 57.994.200,06 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 76.840.900,00 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 70.425.052,88 |
(exact) |
|
total employees |
2012 |
600 |
(average) |
|
total stock |
2012 |
EUR 13.500.000,00 |
(approx.) |
|
total investments |
2010 |
EUR 1.962.410,04 |
(exact) |
|
total company vehicles |
2012 |
15 |
(exact) |
|
cars |
2012 |
14 |
(exact) |
|
lorries up to 3.5t |
2012 |
1 |
(exact) |
|
firm (style): |
|
9 GEISLINGER GmbH |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered office: |
|
1 politischer Gemeinde
Hallwang |
|
business adress: |
|
3 Hallwanger Landesstraße 3 |
|
capital: |
|
14 EUR 727.000 |
|
reference date annual accounts: |
|
1 31. März |
|
annual accounts: |
|
32 zum 31.03.2011
eingereicht am 21.12.2011 |
|
power of representation: |
|
1 Die Generalversammlung
bestimmt, wenn mehrere Geschäfts- |
|
proxy: |
|
E Dipl-Ing Franz Rößler, geb.
25.06.1961 |
|
supervisory board: |
|
L Dr. Clemens Endl, geb.
12.07.1964 |
|
managing director: |
|
D Dipl-Ing Cornelius
Geislinger, geb. 05.04.1958 |
|
shareholder: |
|
F Ellergon Antriebstechnik |
|
general table: |
|
Landesgericht Salzburg |
|
Real estate KSV text: |
|
No real estate property registered |
Private data:
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Dipl-Ing. Cornelius Geislinger |
1958-04-05 |
5300 Hallwang Hallwanger Landesstraße 3 |
manager |
2 |
|
Dipl-Ing. Matthias Geislinger |
1961-05-24 |
5300 Hallwang Hallwanger Landesstraße 3 |
manager, technical director |
2 |
|
Hubert Greßl |
1959-09-08 |
9462 Bad Sankt Leonhard Weidenweg 333 |
individual signing clerk |
0 |
|
Dipl-Ing. Uwe Merl |
1965-04-16 |
5300 Hallwang Hallwanger Landesstraße 3 |
individual signing clerk, head of sales, head of marketing |
0 |
|
Dipl-Ing. Franz Rößler |
1961-06-25 |
5201 Seekirchen Möwenstraße 18 |
individual signing clerk |
0 |
|
Ing.Dr. Christof Sigle |
1967-10-26 |
5300 Hallwang Hallwanger Landesstraße 3 |
individual signing clerk |
0 |
|
Dipl-Ing. Josef Tinzl |
1962-05-27 |
9431 St. Stefan Lavanttal Völking 9 |
individual signing clerk |
1 |
|
Mag.Dr. Susanne Vogl |
1964-05-28 |
5020 Salzburg Kirchenstraße 55 |
individual signing clerk |
0 |
|
Dr. Clemens Endl |
1964-07-12 |
5020 Salzburg Angerweg 7 |
chairman of the supervisory board |
2 |
|
Mag. Marion Fiedler |
1971-01-12 |
1020 Wien Hollandstraße 7 |
deputy chairman of the supervisory board |
1 |
|
Bernhard Joham |
1967-09-04 |
9462 Bad Sankt Leonhard Kliening 219 |
member of the supervisory board |
0 |
|
Mag.Dr. Günther Reibersdorfer |
1954-07-25 |
5020 Salzburg Kühbergstraße 42 |
member of the supervisory board |
12 |
|
Christian Staubmann |
1973-07-24 |
9463 Reichenfels Sommerau 6 |
member of the supervisory board |
0 |
|
Dr. Susanne Vogl |
|
5300 Hallwang Hallwanger Landesstraße 3(c/o) |
head of accounting |
0 |
|
Dipl-Ing. Wolfgang Amminger |
|
5300 Hallwang Hallwanger Landesstraße 3(c/o) |
head of purchasing |
0 |
(absolute) all amounts in EUR
|
|
2011-03-31 |
|
|
|
|
|
Intangible assets |
43.300,00 |
|
|
|
|
|
Sum intangible assets |
43.300,00 |
|
|
|
|
|
|
|||||
|
Other operating and business equipment |
1.114.300,00 |
|
|
|
|
|
Technical plants and machines |
5.433.100,00 |
|
|
|
|
|
Advanced payments and constructions in progress |
3.800,00 |
|
|
|
|
|
Sum tangible assets |
6.551.200,00 |
|
|
|
|
|
|
|||||
|
Shares on related firms |
540.700,00 |
|
|
|
|
|
Other shareholdings |
100,00 |
|
|
|
|
|
Other financial assets, values and securities of fixed assets |
3.703.200,00 |
|
|
|
|
|
Sum financial assets |
4.244.000,00 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
10.838.500,00 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and supplies |
4.617.300,00 |
|
|
|
|
|
Unfinished products |
4.113.900,00 |
|
|
|
|
|
Finished products |
891.000,00 |
|
|
|
|
|
Sum stock |
9.622.200,00 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
11.721.500,00 |
|
|
|
|
|
Claims against related firmes Claims against companies with
shareholding relationship |
3.049.500,00 |
|
|
|
|
|
Other claims and assets |
149.900,00 |
|
|
|
|
|
Sum claims |
14.920.900,00 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
14.797.500,00 |
|
|
|
|
|
Sum cash and bank |
14.797.500,00 |
|
|
|
|
|
|
|||||
|
Sum current assets |
39.340.600,00 |
|
|
|
|
|
|
|||||
|
Deferred charges |
341.200,00 |
|
|
|
|
|
Sum deferred charges |
341.200,00 |
|
|
|
|
|
Assets |
50.520.300,00 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
727.000,00 |
|
|
|
|
|
Capital reserves |
726.700,00 |
|
|
|
|
|
Profit reserves |
6.072.700,00 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
12.326.300,00 |
|
|
|
|
|
Thereof profit/loss carried forward |
7.818.400,00 |
|
|
|
|
|
Sum equity capital |
19.852.700,00 |
|
|
|
|
|
|
|||||
|
Subsidies and contributions |
780.000,00 |
|
|
|
|
|
Sum floor capital |
780.000,00 |
|
|
|
|
|
|
|||||
|
Reservesfor severance pays |
2.362.500,00 |
|
|
|
|
|
Reserves for pensions |
716.800,00 |
|
|
|
|
|
Other reserves |
10.162.000,00 |
|
|
|
|
|
Sum reserves |
13.241.300,00 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
7.847.500,00 |
|
|
|
|
|
Liabilities from delivered goods and performed services from the acceptance
of drafts and emission of promissory notes |
4.230.700,00 |
|
|
|
|
|
Liabilities against related firms |
828.200,00 |
|
|
|
|
|
Other liabilities |
3.739.900,00 |
|
|
|
|
|
Sum liabilities |
16.646.300,00 |
|
|
|
|
|
|
|||||
|
Liabilities |
50.520.300,00 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
50.520.300,00 |
|
|
|
|
(absolute) all amounts in
EUR
|
|
2011-03-31 |
|
|
|
|
|
Gross sales |
66.960.300,00 |
|
|
|
|
|
Increase or decrease in finished and unfinished goods and in service
claims |
1.314.200,00 |
|
|
|
|
|
Sum turnover or sum gross profit |
68.274.500,00 |
|
|
|
|
|
|
|||||
|
Income from dissolution of reserves |
353.000,00 |
|
|
|
|
|
Other operating profits |
1.752.400,00 |
|
|
|
|
|
Other operating profits totally |
2.105.400,00 |
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-1.786.300,00 |
|
|
|
|
|
Special account material costs |
-19.668.800,00 |
|
|
|
|
|
Costs for obtained services totally |
-21.455.100,00 |
|
|
|
|
|
|
|||||
|
Wages |
-9.739.100,00 |
|
|
|
|
|
Salaries |
-7.868.600,00 |
|
|
|
|
|
Costs for severance pays |
-399.500,00 |
|
|
|
|
|
Costs for old age pension |
-111.100,00 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-4.743.800,00 |
|
|
|
|
|
Other social fringe benefits |
-139.600,00 |
|
|
|
|
|
Personnel expenses totally |
-23.001.700,00 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-4.838.800,00 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-4.838.800,00 |
|
|
|
|
|
|
|||||
|
Different operating costs |
-15.271.000,00 |
|
|
|
|
|
Other taxes |
-18.500,00 |
|
|
|
|
|
Other operating costs totally |
-15.289.500,00 |
|
|
|
|
|
|
|||||
|
Operating result totally |
5.794.800,00 |
|
|
|
|
|
|
|||||
|
Income from other securities and loans of financial assets |
56.000,00 |
|
|
|
|
|
Interest income, securties income and similar income |
115.300,00 |
|
|
|
|
|
Profits from the retirement of and investment in financial
assets |
35.300,00 |
|
|
|
|
|
Interest and similar disbursements |
-170.000,00 |
|
|
|
|
|
Financial expenses |
-14.000,00 |
|
|
|
|
|
Financial profits totally |
22.600,00 |
|
|
|
|
|
|
|||||
|
Results from usual business activity totally |
5.817.400,00 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-1.309.500,00 |
|
|
|
|
|
Taxes on income and profits totally |
-1.309.500,00 |
|
|
|
|
|
Annual surplus/annual deficit totally |
4.507.900,00 |
|
|
|
|
|
|
|||||
|
Annual profit/annual loss totally |
4.507.900,00 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
7.818.400,00 |
|
|
|
|
|
Transfer of profits totally |
7.818.400,00 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
12.326.300,00 |
|
|
|
|
|
|
2011 |
|
|
|
|
|
|
Cash flow II |
9.346.700,00 |
|
|
|
|
|
|
Debt amortisation period |
1,61 |
|
|
|
|
|
|
Bank indebtedness |
15,53 |
|
|
|
|
|
|
Equity capital share |
40,84 |
|
|
|
|
|
|
Social capital share |
6,09 |
|
|
|
|
|
|
Fixed assets coverage |
218,77 |
|
|
|
|
|
|
Net profit ratio |
8,52 |
|
|
|
|
|
|
Capital turnover |
1,35 |
|
|
|
|
|
|
Return on investment |
11,85 |
|
|
|
|
|
|
Cash flow in % of operating performance |
13,68 |
|
|
|
|
|
|
Cash flow I |
10.656.200,00 |
|
|
|
|
|
|
Gross productivity |
2,96 |
|
|
|
|
|
|
Net productivity |
2,03 |
|
|
|
|
|
|
Operating performance |
68.274.500,00 |
|
|
|
|
|
|
Inventories in % of operating performance |
14,09 |
|
|
|
|
|
|
Gross profit |
46.819.400,00 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Hallwanger Landesstraße 3, A-5300 Hallwang |
registered office |
|
|
|
|
|
operational |
Hallwanger Landesstraße 3, A-5300 Hallwang |
registered headquarters, rented premises |
|
|
|
info@geislinger.com |
|
operational |
Industriestraße 188, A-9462 Bad Sankt Leonhard |
branch office, rented premises |
|
|
|
|
|
former |
Eichetstraße 7, A-5300 Hallwang |
registered headquarters |
|
|
|
|
related companies:
|
Company name |
Postal code |
Stake in % |
KSV-number |
Companies House |
|
Shares in this company are held by: |
||||
|
Ellergon Antriebstechnik Gesellschaft m.b.H. |
Hallwanger Landesstraße 3, A-5300 Hallwang |
100 % 1993-10-09 |
1.899 |
FN 68787 h |
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
|
Oberbank AG, 5021 Salzburg |
15000 |
main bank connection |
|
|
Raiffeisenverband Salzburg, 5024 Salzburg |
35000 |
main bank connection |
|
|
UniCredit Bank Austria AG, 5027 Salzburg |
11000 |
secondary banking connection |
|
|
|
|
||
Historical development:
|
Year of incorporation: |
1958 |
|
Date of registration: |
1988-01-20 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2000-07-05 |
DR.ING. GEISLINGER & CO SCHWINGUNGS- TECHNIK GESELLSCHAFT
M.B.H. |
|
2000-07-05 |
|
GEISLINGER GmbH |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2001-11-08 |
ATS 10.000.000,00 |
|
2001-11-08 |
|
EUR 727.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
2000-05-11 |
manager |
Dipl-Ing. Peter Pfeifer |
|
|
1997-04-24 |
individual signing clerk |
Ing. Michael Messerklinger |
|
1997-04-24 |
1999-10-09 |
individual signing clerk |
Dipl-Ing. Matthias Geislinger |
|
|
2002-12-04 |
individual signing clerk |
Michael Joham |
|
2008-05-08 |
2011-11-29 |
chairman of the supervisory board |
Dipl-Ing. Leonhard Geislinger |
|
2008-05-08 |
2011-11-29 |
deputy chairman of the supervisory board |
Dr. Clemens Endl |
|
2008-05-08 |
2010-06-08 |
member of the supervisory board |
Erhard Brunner |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.