|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SIBUR INTERNATIONAL GMBH |
|
|
|
|
Formerly Known
As : |
Citco Waren- Handelsgesellschaft m.b.H. |
|
|
|
|
Registered Office : |
Nußdorferplatz 8, A-1190 Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
03.12.2002 |
|
|
|
|
Reg. No.: |
FN 229446 x Wien 2002-12-03 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale and retail trade |
|
|
|
|
No. of Employees : |
30 |
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 |
|
Company
name: |
SIBUR
INTERNATIONAL GMBH |
|
Status: |
active
company |
|
Locations: |
Nußdorferplatz
8, A-1190 Wien |
|
Phone: |
0043
(1) 3708000 |
|
Fax: |
0043
(1) 3708000 – 20 |
|
E-mail: |
|
|
Internet: |
|
|
Activities: |
Önace
46712 90% Wholesale of liquid and gaseous fuels |
|
|
Önace
46120 10% Agents involved in the sale of fuels, ores, metals and industrial
chemicals |
|
|
|
|
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: |
Payment
300 Payments
are made according to conditions. There are no negative experiences at this time. |
|
|
Assessment
300 Company's
solvency is average. Earnings potential is positive. Position is regarded to
be positive. |
|
Year
of incorporation: |
2002 |
|
||||
|
Type
of company: |
Wholesale
and retail trade; repair of motor vehicles |
|
||||
|
Legal
form: |
limited
liability company since 2002-11-25 |
|
||||
|
companies'
house number: |
FN
229446 x Wien 2002-12-03 |
|
||||
|
Activities: |
|
|
||||
|
VAT
number: |
ATU
56388233 |
|
||||
|
number
- Austrian National Bank: |
5712378 |
|
||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
Russian
Federation |
|
2012 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
world-wide |
|
2012 |
|
Financial
data:
|
total
turnover (total sales) |
2011 |
EUR
3.293.651.189,91 |
(exact) |
|
total
turnover (total sales) |
2010 |
EUR
2.492.463.474,48 |
(exact) |
|
total
turnover (total sales) |
2009 |
EUR
1.582.081.585,91 |
(exact) |
|
total turnover
(total sales) |
2008 |
EUR
1.867.531.171,27 |
(exact) |
|
total
turnover (total sales) |
2007 |
EUR
1.373.998.071,65 |
(exact) |
|
total
employees |
2012 |
30 |
(approx.) |
|
white
collar workers |
2012 |
30 |
(approx.) |
|
total
company vehicles |
2012 |
1 |
(exact) |
|
cars |
2012 |
1 |
(exact) |
Extraxt
from the Companies' House:
|
firm
(style): |
|
18
SIBUR International GmbH |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Wien |
|
business
adress: |
|
9
Nussdorfer Platz 8 |
|
capital: |
|
10
EUR 1.000.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
21
zum 31.12.2011 eingereicht am 28.09.2012 |
|
power
of representation: |
|
1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
|
proxy: |
|
I
Ilya Gushchin, geb. 28.05.1976 |
|
managing
director: |
|
G
Mikhail Mikhaylov, geb. 04.07.1962 |
|
shareholder: |
|
F
Open Joint Stock Company |
|
general
table: |
|
Handelsgericht Wien |
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) |
|
Mikhail
Mikhaylov |
1962-07-04 |
1190
Wien Nußdorferplatz 8 |
manager |
0 |
|
Ilya
Gushchin |
1976-05-28 |
125252
Moskau Alabyana Str 13 |
individual
signing clerk |
0 |
|
Yulia
Popova |
1974-09-15 |
119421
Moskau South West 38 |
individual
signing clerk |
0 |
|
Beate
Klautzer |
|
1190
Wien Nußdorferplatz 8(c/o) |
head
of accounting |
0 |
|
|
2011-12-31 |
|
|
|
|
|
Franchises,
patents, licences, trademarks and similar rights and advantages |
160.758,35 |
|
|
|
|
|
Advanced
payments |
4.050,00 |
|
|
|
|
|
Sum
intangible assets |
164.808,35 |
|
|
|
|
|
|
|||||
|
Land
and leasehold rights with buildings thereon including building on land owned
by third parties |
333.499,20 |
|
|
|
|
|
Other
operating and business equipment |
289.089,30 |
|
|
|
|
|
Advanced
payments and constructions in progress |
411,80 |
|
|
|
|
|
Sum
tangible assets |
623.000,30 |
|
|
|
|
|
|
|||||
|
Shares
on related firms |
114.153,98 |
|
|
|
|
|
Loans
to related firms |
164.141.483,85 |
|
|
|
|
|
Sum financial
assets |
164.255.637,83 |
|
|
|
|
|
|
|||||
|
Sum
fixed assets |
165.043.446,48 |
|
|
|
|
|
|
|||||
|
Finished
products |
160.874.443,73 |
|
|
|
|
|
Sum
stock |
160.874.443,73 |
|
|
|
|
|
|
|||||
|
Claims
from delivered goods and performed services |
136.942.502,94 |
|
|
|
|
|
Claims
against related firmes Claims against companies with shareholding
relationship |
8.981.157,04 |
|
|
|
|
|
Other
claims and assets |
2.467.755,47 |
|
|
|
|
|
Sum
claims |
148.391.415,45 |
|
|
|
|
|
|
|||||
|
Cash
on hand, cheques and bank deposits |
11.007.091,58 |
|
|
|
|
|
Sum
cash and bank |
11.007.091,58 |
|
|
|
|
|
|
|||||
|
Sum
current assets |
320.272.950,76 |
|
|
|
|
|
|
|||||
|
Deferred
charges |
138.112,58 |
|
|
|
|
|
Sum
deferred charges |
138.112,58 |
|
|
|
|
|
Assets |
485.454.509,82 |
|
|
|
|
|
|
|||||
|
Subscribed/declared
capital |
1.000.000,00 |
|
|
|
|
|
Legal
reserves |
100.000,00 |
|
|
|
|
|
Balance
sheet profit/balance sheet loss |
81.555.079,62 |
|
|
|
|
|
Thereof
profit/loss carried forward |
41.690.286,27 |
|
|
|
|
|
Sum
equity capital |
82.655.079,62 |
|
|
|
|
|
|
|||||
|
Tax
reserves |
9.092.617,70 |
|
|
|
|
|
Other
reserves |
1.535.427,54 |
|
|
|
|
|
Sum
reserves |
10.628.045,24 |
|
|
|
|
|
|
|||||
|
Liabilities
against credit institutes |
17.001.015,03 |
|
|
|
|
|
Liabilities
from delivered goods and performed services from the acceptance of drafts and
emission of promissory notes |
10.338.393,33 |
|
|
|
|
|
Liabilities
against related firms |
364.727.021,79 |
|
|
|
|
|
Other
liabilities |
104.954,81 |
|
|
|
|
|
Sum
liabilities |
392.171.384,96 |
|
|
|
|
|
|
|||||
|
Liabilities |
485.454.509,82 |
|
|
|
|
|
|
|||||
|
Balance
sheet sum |
485.454.509,82 |
|
|
|
|
|
|
2011-12-31 |
|
|
|
|
|
Gross
sales |
3.293.661.189,91 |
|
|
|
|
|
Sum
turnover or sum gross profit |
3.293.661.189,91 |
|
|
|
|
|
|
|||||
|
Profits
from retirement of fixed assets, except financial assets |
375,00 |
|
|
|
|
|
Income
from dissolution of reserves |
196.184,89 |
|
|
|
|
|
Other
operating profits |
209.044.727,69 |
|
|
|
|
|
Other
operating profits totally |
209.241.287,58 |
|
|
|
|
|
|
|||||
|
Costs
for obtained services |
-91.153.735,14 |
|
|
|
|
|
Special
account material costs |
-3.141.044.116,45 |
|
|
|
|
|
Costs
for obtained services totally |
-3.232.197.851,59 |
|
|
|
|
|
|
|||||
|
Salaries |
-1.107.839,60 |
|
|
|
|
|
Costs
for severance pays |
-15.842,85 |
|
|
|
|
|
Legal
fringe benefits and other payments depending on salaries |
-256.290,70 |
|
|
|
|
|
Other
social fringe benefits |
-56.775,03 |
|
|
|
|
|
Personnel
expenses totally |
-1.436.748,18 |
|
|
|
|
|
|
|||||
|
Depreciation
of intangible assets, tangible assets,activated expenses for the set up and
expansion of business operation |
-233.681,89 |
|
|
|
|
|
Depreciation
tangible assets / intangible assets totally |
-233.681,89 |
|
|
|
|
|
|
|||||
|
Different
operating costs |
-216.340.374,53 |
|
|
|
|
|
Other
taxes |
-25.549,92 |
|
|
|
|
|
Other
operating costs totally |
-216.365.924,45 |
|
|
|
|
|
|
|||||
|
Operating
result totally |
52.668.271,38 |
|
|
|
|
|
|
|||||
|
Income
from other securities and loans of financial assets |
1.598.845,62 |
|
|
|
|
|
Interest
income, securties income and similar income |
436.475,93 |
|
|
|
|
|
Interest
and similar disbursements |
-1.550.689,86 |
|
|
|
|
|
Financial
profits totally |
484.631,69 |
|
|
|
|
|
|
|||||
|
Results
from usual business activity totally |
53.152.903,07 |
|
|
|
|
|
|
|||||
|
Taxes on
income and profits |
-13.288.109,72 |
|
|
|
|
|
Taxes
on income and profits totally |
-13.288.109,72 |
|
|
|
|
|
Annual
surplus/annual deficit totally |
39.864.793,35 |
|
|
|
|
|
|
|||||
|
Annual
profit/annual loss totally |
39.864.793,35 |
|
|
|
|
|
|
|||||
|
Profit
and loss carried forward from previous year |
41.690.286,27 |
|
|
|
|
|
Transfer
of profits totally |
41.690.286,27 |
|
|
|
|
|
B/S
profit/ B/S loss from profit and loss account |
81.555.079,62 |
|
|
|
|
|
|
2011 |
|
|
|
|
|
|
Cash
flow II |
40.098.475,24 |
|
|
|
|
|
|
Debt
amortisation period |
9,77 |
|
|
|
|
|
|
Bank
indebtedness |
3,50 |
|
|
|
|
|
|
Equity
capital share |
17,02 |
|
|
|
|
|
|
Social
capital share |
0,00 |
|
|
|
|
|
|
Fixed
assets coverage |
50,08 |
|
|
|
|
|
|
Net
profit ratio |
1,61 |
|
|
|
|
|
|
Capital
turnover |
6,78 |
|
|
|
|
|
|
Return
on investment |
11,26 |
|
|
|
|
|
|
Cash
flow in % of operating performance |
1,21 |
|
|
|
|
|
|
Cash
flow I |
53.386.584,96 |
|
|
|
|
|
|
Gross
productivity |
2.292,44 |
|
|
|
|
|
|
Net
productivity |
42,77 |
|
|
|
|
|
|
Operating
performance |
3.293.661.189,91 |
|
|
|
|
|
|
Inventories
in % of operating performance |
4,88 |
|
|
|
|
|
|
Gross
profit |
61.463.338,32 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Nußdorferplatz
8, A-1190 Wien |
registered
office |
|
|
|
|
|
operational |
Nußdorferplatz
8, A-1190 Wien |
registered
headquarters, rented premises |
|
|
|
|
|
operational |
Krzhizhanovskogo
18/4, 117997 Moskau, RUS |
representation |
|
|
|
|
|
former |
Lehmanngasse
7, A-1230 Wien |
registered
headquarters |
|
|
|
|
|
former |
Lehmanngasse
7, A-1230 Wien |
registered
office |
|
|
|
|
Related
companies:
|
Company
name |
Postal
code |
Stake
in % |
|
|
|
Shares
in this company are held by: |
||||
|
Open
Joint Stock Company "SIBUR Holding" |
Galernayastreet
5 A, 190000 St. Petersburg, RUS |
100 %
2009-07-15 |
|
|
Bankers:
|
|
|
|
|
Banker |
Bank
sort code |
Type
of banking connection |
|
ING
Bank N.V. Zweignl.Wien, 1011 Wien |
19360 |
main
bank connection |
|
Citibank
International plc - Austria Branch, 1015 Wien |
18140 |
secondary
banking connection |
|
The
Royal Bank of Scotland N.V., 1011 Wien |
19985 |
secondary
banking connection |
|
Year
of incorporation: |
2002 |
|
Date
of registration: |
2002-12-03 |
|
Change
of company name: |
||
|
From |
To |
Company
name |
|
|
2011-09-24 |
Citco
Waren- Handelsgesellschaft m.b.H. |
|
2011-09-24 |
|
SIBUR
International GmbH |
|
Change
in share capital: |
||
|
From |
To |
Capital |
|
|
2008-09-24 |
EUR
35.000,00 |
|
2008-09-24 |
|
EUR
1.000.000,00 |
|
Former
executives: |
|||
|
From |
To |
Function |
Name |
|
2003-08-27 |
2009-07-15 |
manager |
Erich
Hoop |
|
2002-12-03 |
2009-07-15 |
manager |
Mag. Christian
Wilhelm |
|
2009-07-15 |
2011-09-24 |
manager |
Viktor
Viehweg |
|
2010-12-22 |
2011-08-24 |
individual
signing clerk |
Marina
Leonidovna Stetsenko |
|
2009-10-03 |
2011-09-24 |
individual
signing clerk |
Mikhail
Mikhaylov |
|
Former
shareholders: |
|||
|
From |
To |
Function |
Name |
|
2002-12-03 |
2002-12-11 |
partner |
AUDITOR
TREUHAND GMBH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
UK Pound |
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.