MIRA INFORM REPORT

 

 

Report Date :           

23.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

AUSTRIA PUMA DASSLER GESELLSCHAFT M.B.H.

 

 

Registered Office :

Münchner Bundesstraße  119, A-5013 Salzburg Liefering

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

29.07.1986

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale and retail trade; repair of motor vehicles

 

 

No. of Employees :

140

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EUR  3.944.000,00

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Austria

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

Basic company information

 

Company name:

Austria Puma Dassler Gesellschaft m.b.H.

Status:

active company

Locations:

Münchner Bundesstraße  119, A-5013 Salzburg Liefering

Phone:

0043 (662) 437511

Fax:

0043 (662) 437511 - 34

E-mail:

hannes.mur@puma.com

Internet:

http://www.puma.com

Activities:

Önace 46493 50% Wholesale of sports goods

 

Önace 46421 50% Wholesale of clothing

 

 

Detail Assessment:

Payment

Merchandise is mainly imported. Domestic obligations and invoices of forwarders are settled using cash discounts or according to conditions.

 

Assessment

Financial situation is very good.

 

Maximum credit EUR  3.944.000,00

 

 

Additional company information

 

Year of incorporation:

1957

 

Type of company:

Wholesale and retail trade; repair of motor vehicles

 

Legal form:

limited liability company since 1986-07-14

 

companies' house number:

FN 58389 t Salzburg 1986-07-29

 

Activities:

 

 

ARA-number:

1863

 

VAT number:

ATU 33861602

 

number - Austrian National Bank:

211222

 

 

 

 

Export 

Country 

 

 

 

Export

world-wide

 

2012

 

 

 

Financial data

 

total turnover (total sales)

2011

EUR  143.400.000,00

(estimated)

total turnover (total sales)

2010

EUR  143.331.730,90

(exact)

total turnover (total sales)

2009

EUR  142.344.317,41

(exact)

total turnover (total sales)

2008

EUR  177.010.058,72

(exact)

total turnover (total sales)

2007

EUR  166.593.553,08

(exact)

turnover (sales) - group

2010

EUR  2.706.400.000,00

(exact)

turnover (sales) - group

2009

EUR  2.447.300.000,00

(exact)

total employees

2012

140

(approx.)

white collar workers

2012

140

(approx.)

total investments

2010

EUR  5.818.009,13

(exact)

total company vehicles

2012

40

(approx.)

self-financed vehicles

2012

40

(approx.)

 

 

Extraxt from the Companies' House

 

firm (style):

    1      Austria Puma Dassler
           Gesellschaft m.b.H.

legal form:

    1      Gesellschaft mit beschränkter Haftung

registered office:

    1      politischer Gemeinde Salzburg

business adress:

    1      Münchner Bundesstr. 119
           5020 Salzburg

capital:

   12      EUR 8.000.000

reference date annual accounts:

    1      31. Dezember

annual accounts:

   24      zum 31.12.2010 eingereicht am 21.09.2011

consolidated accounts:

   25      zum 31.12.2010 eingereicht am 30.09.2011

power of representation:

    1      Die Generalversammlung bestimmt, wenn mehrere Geschäfts-
           führer bestellt sind, deren Vertretungsbefugnis.
   10     Gesellschaftsvertrag  vom 14.07.1986                              001
    1   Der Gesellschaftsvertrag wurde mehrfach geändert, zuletzt           002
          mit Beschluss der Generalversammlung  vom 16.12.1992
          Kapitalerhöhung um ATS 31,000.000,-.
          Änderung des Gesellschaftsvertrages im Punkt Fünftens.
   12   Gesellschaftsvertrag mit Generalversammlungsbeschluss               003
          vom 17.09.2003
          gemäß 1. Euro-JuBeG angepasst.
   12   Generalversammlungsbeschluss  vom 17.09.2003                        004
          Kapitalerhöhung um EUR 4.875.068,13.
          Änderung des Gesellschaftsvertrages im Punkt Fünftens.
   12   Generalversammlungsbeschluss  vom 17.09.2003                        005
          Änderung des Gesellschaftsvertrages in den Punkten
          Neuntens (e) und Elftens (4)
   15   Generalversammlungsbeschluss  vom 07.06.2006                        006
          Durchgreifende Änderung des Gesellschaftsvertrages

managing director:

         C   Hannes Mur, geb. 14.02.1961
   15        vertritt seit 07.06.2006 selbständig
         G   John Paul Martyn Bowen, geb. 20.05.1963
   15        vertritt seit 07.06.2006 selbständig

shareholder:

         I   PUMA SE
   26        ..................    EUR 8.000.000
   26        .............................................    EUR 8.000.000
                          ------------------------------------------------------
                   Summen:         EUR 8.000.000              EUR 8.000.000

general table:

 Landesgericht Salzburg
   1 Ersterfassung abgeschlossen am 29.10.1993  Geschäftsfall 912 Fr  1202/93 v
       Ersterfassung gem. Art. XXIII Abs. 4 FBG
  10 eingetragen am 04.01.2003                  Geschäftsfall  24 Fr   105/03 g
       Einschreiten von Amts wegen
  12 eingetragen am 25.11.2003                  Geschäftsfall  24 Fr  6536/03 p
       Antrag auf Änderung  eingelangt am 05.11.2003
  15 eingetragen am 20.07.2006                  Geschäftsfall  24 Fr  3157/06 x
       Antrag auf Änderung  eingelangt am 21.06.2006
  24 eingetragen am 28.09.2011                  Geschäftsfall  24 Fr 11125/11 h
       Elektronische Einreichung Jahresabschluss  eingelangt am 21.09.2011
  25 eingetragen am 13.10.2011                  Geschäftsfall  24 Fr 11125/11 h
       Elektronische Einreichung Jahresabschluss  eingelangt am 21.09.2011
  26 eingetragen am 23.11.2011                  Geschäftsfall  24 Fr 14132/11 f
       Antrag auf Änderung  eingelangt am 21.11.2011

 

 

Real estate

 

Registration number of real estate  1294  Cadastral register  56528  Liefering II S  Number and date of entry  6096/1996  Status of  2012-02-20 

Part A - type of real estate  :

 1014/3    GST-Fläche               7000
           Baufl.(Gebäude)          1417
           Sonstige
           (Werksgelände)           5583  Münchner Bundesstr.
         119
 2527/14   Sonstige (Straße)         848
  GESAMTFLÄCHE                      7848
  1  a 5104/1973 Sicherheitszone hins Gst 1014/3
 

Part B - ownership details  :

    Austria Puma Dassler Gesellschaft mbH
    ADR: Münchner Bundesstr. 119   5020
     e 6096/1996 Kaufvertrag 1995-11-20 Eigentumsrecht
 

 

 

Private data

 

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

Further executive positions (as registered in the companies' house)

John Paul Martyn Bowen

1963-05-20 

5324 Faistenau Vordersee 244

manager,

head of sales

0

KR  Hannes Mur

 

1961-02-14 

 

5101 Bergheim Salzburg Teichweg 5

manager,

head of accounting,

head of personnel

 

2

 

Walter Schober

 

  

 

5020 Salzburg Münchner Bundesstraße 119(c/o)

head of purchasing

 

0

 

Ryan Eckel

 

  

 

5013 Salzburg Liefering Münchner Bundesstraße 119(c/o)

head of marketing

 

0

 

Johann Auer

 

  

 

5020 Salzburg Münchner Bundesstraße 119(c/o)

head of EDP,

technical director

 

0

 

 

 

Balance Sheet 

(Absolute) All Amounts In EUR 

 

 

2010-12-31 

Franchises, patents, licences, trademarks and similar rights and advantages

344.256,14

Sum intangible assets

344.256,14

Land and leasehold rights with buildings thereon including building on land owned by third parties

2.483.141,48

Other operating and business equipment

2.463.116,07

Advanced payments and constructions in progress

10.932,35

Sum tangible assets

4.957.189,90

Shares on related firms

32.863.682,97

Other financial assets, values and securities of fixed assets

132.400,59

Special account financial assets

9.701,51

Sum financial assets

33.005.785,07

Sum fixed assets

38.307.231,11

Raw-, auxiliary materials and supplies

8.035,77

Finished products

15.748.702,25

Sum stock

15.756.738,02

Claims from delivered goods and performed services

4.610.811,05

Claims against related firmes Claims against companies with shareholding relationship

78.217.352,12

Other claims and assets

1.504.538,17

Sum claims

84.332.701,34

Cash on hand, cheques and bank deposits

18.870.860,28

Sum cash and bank

18.870.860,28

Sum current assets

118.960.299,64

Deferred charges

41.284,66

Sum deferred charges

41.284,66

Assets

157.308.815,41

Subscribed/declared capital

8.000.000,00

Legal reserves

800.000,00

Balance sheet profit/balance sheet loss

79.392.726,31

Thereof profit/loss carried forward

54.016.724,89

Sum equity capital

88.192.726,31

Reservesfor severance pays

656.541,00

Tax reserves

975.000,00

Other reserves

3.173.488,00

Sum reserves

4.805.029,00

Received advanced payments for orders

39.700,69

Liabilities from delivered goods and performed services from the acceptance of drafts and emission of promissory notes

16.587.941,89

Liabilities against related firms

47.161.543,37

Other liabilities

521.874,15

Sum liabilities

64.311.060,10

Liabilities

157.308.815,41

Contingent liabilities

4.052.221,70

Balance sheet sum

157.308.815,41

 

 

P / L Account 

(Absolute) all amounts in EUR 

 

 

2010-12-31 

Gross sales 

143.331.730,90

Sum turnover or sum gross profit 

143.331.730,90

Profits from retirement of fixed assets, except financial assets 

15.372,56

Other operating profits 

6.946.114,46

Other operating profits totally 

6.961.487,02

Special account material costs 

-98.131.840,73

Costs for obtained services totally 

-98.131.840,73

Wages 

-522.122,81

Salaries 

-5.457.401,78

Costs for severance pays 

-147.526,01

Legal fringe benefits and other payments depending on salaries 

-1.676.482,32

Other social fringe benefits 

-62.845,86

Personnel expenses totally 

-7.866.378,78

Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation 

-1.256.507,20

Depreciation tangible assets / intangible assets totally 

-1.256.507,20

Different operating costs 

-19.159.015,02

Other taxes 

-5.898,20

Other operating costs totally 

-19.164.913,22

Operating result totally 

23.873.577,99

Profits from shareholdings 

7.659.931,96

Income from other securities and loans of financial assets 

2.497,00

Interest income, securties income and similar income 

196.915,62

Interest and similar disbursements 

-484.128,59

Financial profits totally 

7.375.215,99

Results from usual business activity totally 

31.248.793,98

Taxes on income and profits 

-5.872.792,56

Taxes on income and profits totally 

-5.872.792,56

Annual surplus/annual deficit totally 

25.376.001,42

Annual profit/annual loss totally 

25.376.001,42

Profit and loss carried forward from previous year 

54.016.724,89

Transfer of profits totally 

54.016.724,89

B/S profit/ B/S loss from profit and loss account 

79.392.726,31

 

 

Key ratios

 

 

2010  

Cash flow II

  26.632.508,62

Debt amortisation period

  1,88

Bank indebtedness

  0,00

Equity capital share

  56,07

Social capital share

  0,41

Fixed assets coverage

  231,93

Net profit ratio

  21,80

Capital turnover

  0,91

Return on investment

  20,17

Cash flow in % of operating performance

  18,58

Cash flow I

  32.505.301,18

Gross productivity

  18,22

Net productivity

  5,74

Operating performance

  143.331.730,90

Inventories in % of operating performance

  10,99

Gross profit

  45.199.890,17

 


Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Münchner Bundesstraße  119, A-5020 Salzburg

registered office 

 

 

 

operational 

Wagramerstraße  94/21 a, A-1220 Wien, Donauzentrum

additional branch according to licence of trade 

 

 

 

operational 

Mariahilferstraße  56, A-1070 Wien

additional branch according to licence of trade 

 

 

 

operational 

Münchner Bundesstraße  121, A-5020 Salzburg

additional branch according to licence of trade 

 

 

 

operational 

Designer Outlet Center Top  108-109, A-7111 Parndorf

additional branch according to licence of trade 

 

 

 

operational 

Shopping City Seiersberg  7, A-8055 Seiersberg

additional branch according to licence of trade 

 

 

 

operational 

Münchner Bundesstraße  119, A-5013 Salzburg Liefering

registered headquarters, owned property 

 

 

hannes.mur@puma.com

former 

Münchner Bundesstraße  144, A-5020 Salzburg

registered headquarters 

 

 

 

former 

Malerstraße  12, A-1010 Wien

branch office 

 

 

 

former 

Bernhard Höfelstraße  14, A-6020 Innsbruck

branch office 

 

 

 

former 

Seering  5/N/1.OG, A-8141 Unterpremstätten

showroom 

 

 

 

former 

Modecenterstraße  22, A-1030 Wien

showroom 

 

 

 

former 

Moosfeldstraße  1, A-5101 Bergheim

showroom 

 

 

 

former 

Valiergasse  60-62, A-6020 Innsbruck

showroom 

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

 

 

Shares in this company are held by:

PUMA Aktiengesellschaft Rudolf Dassler Sport

Würzburger Straße  13, D-8522 Herzogenaurach

100 % 1993-10-29

 

 

 

PUMA SE

 

PUMA Way  1, D-91074 Herzogenaurach

100 % 2011-11-23

 

 

 

 

 

Bankers

 

Banker

Bank sort code

Type of banking connection

UniCredit Bank Austria AG, 5021 Salzburg

 

12000

 

main bank connection

 

BAWAG P.S.K. Bank für Arbeit und Wirtschaft, 1018 Wien

 

60000

 

main bank connection

 

Salzburger Sparkasse Bank Aktienges., 5021 Salzburg

 

20404

 

secondary banking connection

 

HYPO-BANK BURGENLAND Aktiengesellschaft, 7001 Eisenstadt

 

51000

 

secondary banking connection

 

 

 

Historical development

 

Year of incorporation:

1957

Date of registration:

1986-07-29

 

Change in share capital:

From

To

Capital

   

  2004-11-30

ATS  43.000.000,00

  2004-11-30

   

EUR  8.000.000,00

 

Former executives:

From

To

Function

Name

   

  2006-07-20

manager 

Erwin Kaiser 

   

  2007-12-20

manager 

Jochen Zeitz 

  2007-12-20

  2009-12-11

manager 

Dieter Bock 

   

  2006-07-20

joint signing clerk 

Hannes Mur 

  1998-10-17

  2008-11-25

joint signing clerk 

Johannes Schindlauer 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.25

UK Pound

1

Rs.76.75

Euro

1

Rs.65.16

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.