|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
MONTANWERKE BRIXLEGG AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Werkstraße 1, A-6230 Brixlegg |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
28.04.1992 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Mining of other non-ferrous metal ores |
|
|
|
|
No. of Employees : |
320 |
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 31st, 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: |
2012-04-24 |
|
Company name: |
Montanwerke Brixlegg
Aktiengesellschaft |
|
Status: |
active company |
|
Locations: |
Werkstraße 1, A-6230 Brixlegg |
|
Phone: |
0043 (5337) 6151 |
|
Fax: |
0043 (5337) 6151 - 102 |
|
E-mail: |
|
|
Internet: |
|
|
Activities: |
Önace 07290 75% Mining of other non-ferrous metal ores |
|
|
Önace 24440 25% Copper production |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel
II): |
0,98% Low risk |
|
comparison: |
Due to the small size of the
industry, no comparison figures are available. |
|
Recommendation: |
In respect to solvency
reasons, there is nothing to say against an establishment of a business
relationship. |
|
|
|
|
Detail Assessment: |
Payments are made within net
agreements. |
|
|
Increased use of external capital, but the company's
solvency is average. Earnings potential is positive. |
|
Year of incorporation: |
1463 |
|
||||
|
Type of company: |
Mining and quarrying |
|
||||
|
Legal form: |
joint stock company since 1992-02-18 |
|
||||
|
companies' house number: |
FN 40450 k Innsbruck 1992-04-28 |
|
||||
|
Activities: |
|
|
||||
|
VAT number: |
ATU 42241409 |
|
||||
|
number - Austrian National Bank: |
1760513 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
Italy |
|
2012 |
|
||
|
Import |
Switzerland |
|
2012 |
|
||
|
Import |
Eastern Europe |
|
2012 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
Germany |
|
2012 |
|
|
Export |
Italy |
|
2012 |
|
|
Export |
Switzerland |
|
2012 |
|
|
total turnover (total sales) |
2011 |
EUR 825.626.000,00 |
(approx.) |
|
total turnover (total sales) |
2010 |
EUR 863.892.977,40 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 478.662.842,24 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 590.815.573,49 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 558.774.390,06 |
(exact) |
|
total employees |
2012 |
320 |
(approx.) |
|
white collar workers |
2012 |
63 |
(approx.) |
|
blue collar workers |
2012 |
213 |
(approx.) |
|
apprentices |
2012 |
7 |
(approx.) |
|
total investments |
2010 |
EUR 4.500.784,93 |
(exact) |
|
total company vehicles |
2012 |
7 |
(approx.) |
|
cars |
2012 |
6 |
(approx.) |
|
lorries up to 3.5t |
2012 |
1 |
(approx.) |
|
firm
(style): |
|
9
Montanwerke Brixlegg |
|
legal
form: |
|
8
Aktiengesellschaft |
|
registered
office: |
|
7
politischer Gemeinde Brixlegg |
|
business
adress: |
|
7
Werkstraße 1 |
|
capital: |
|
34
EUR 26.820.900 |
|
reference
date annual accounts: |
|
27
31. Dezember |
|
annual
accounts: |
|
37
zum 31.12.2010 eingereicht am 07.09.2011 |
|
consolidated
accounts: |
|
27
zum 31.03.2004 eingereicht am 03.12.2004 |
|
power
of representation: |
|
8 Die Gesellschaft wird durch einen, zwei,
drei oder vier |
|
board
of directors: |
|
J
Dipl.Ing. Robert Stibich, geb. 13.08.1954 |
|
proxy: |
|
K
Dipl.Ing. Andreas Anzinger, geb. 05.02.1962 |
|
supervisory
board: |
|
W
Otmar Hausberger, geb. 20.08.1956 |
|
general
table: |
|
Landesgericht Innsbruck |
|
Registration number of real estate 434
Cadastral register 83105 Brixlegg T Number and date of
entry 1824/2010 Status of 2011-10-05 |
|
Part
A - type of real estate : |
|
GST-NR
G BA (NUTZUNG)
FLäCHE GST-ADRESSE |
|
Part
B - ownership details : |
|
1 ANTEIL: 1/1 |
|
Part
C - registered charges : |
|
1
a BergB. 3/1970 BergB. 2/1978 |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Dipl-Ing. Andreas Anzinger |
1962-02-05 |
6230 Brixlegg Holsteinweg 23 a |
joint signing clerk |
0 |
|
Mag. Gabriele Punz |
1972-12-21 |
6065 Thaur Föhrenweg 5 |
member of the executive board |
1 |
|
Dipl-Ing. Robert Stibich |
1954-08-13 |
6230 Brixlegg Hohlsteinweg 22 |
member of the executive board |
0 |
|
Dr. Bernhard Vanas |
1954-07-10 |
1010 Wien Teinfaltstraße 9 |
chairman of the supervisory board |
22 |
|
|
beeid. Wirtschaftspr. und Steu |
|||
|
Mag. Christian Podoschek |
1978-07-27 |
1010 Wien Dr Karl Luegerring 12 |
deputy chairman of the supervisory board |
1 |
|
Mag. Gert Bergmann |
1964-03-23 |
1090 Wien Bleichergasse 15 |
member of the supervisory board |
6 |
|
Otmar Hausberger |
1956-08-20 |
6230 Brixlegg Werkstraße 1(c/o) |
member of the supervisory board |
0 |
|
Werner Knoll |
1960-06-10 |
6230 Brixlegg Werkstraße 1(c/o) |
member of the supervisory board |
0 |
|
Mag. Gabriele Punz |
|
4261 Rainbach Mühlkreis Siedlung 27 |
head of accounting |
0 |
|
Rudolf Ellinger |
|
6230 Brixlegg Werkstraße 1(c/o) |
head of purchasing |
0 |
|
Sandra Siebenbrunner-Steiner |
|
6230 Brixlegg Werkstraße 1(c/o) |
head of sales |
0 |
|
Helmut Lechner |
|
6230 Brixlegg Werkstraße 1(c/o) |
head of EDP |
0 |
|
Mag. Robert Stiebich |
|
6230 Brixlegg Werkstraße 1(c/o) |
technical director |
0 |
|
Dr. Barbara Kessler |
|
6230 Brixlegg Werkstraße 1(c/o) |
head of personnel |
0 |
(absolute) all
amounts in EUR
|
|
2010-12-31 |
|
Franchises, patents, licences, trademarks and similar
rights and advantages |
198.841,06 |
|
Sum intangible assets |
198.841,06 |
|
Land and leasehold rights with buildings thereon including
building on land owned by third parties |
22.240.574,76 |
|
Other operating and business equipment |
1.769.665,96 |
|
Technical plants and machines |
21.327.729,85 |
|
Advanced payments and constructions in progress |
1.713.231,75 |
|
Sum tangible assets |
47.051.202,32 |
|
Shares on related firms |
7.190.236,62 |
|
Other shareholdings |
33.043.600,00 |
|
Loans to related firms |
16.706.204,81 |
|
Other financial assets, values and securities of fixed
assets |
631.923,20 |
|
Sum financial assets |
57.571.964,63 |
|
Sum fixed assets |
104.822.008,01 |
|
Raw-, auxiliary materials and supplies |
57.189.854,78 |
|
Unfinished products |
52.789.821,68 |
|
Finished products |
48.593.812,47 |
|
Sum stock |
158.573.488,93 |
|
Claims from delivered goods and performed services |
23.779.635,42 |
|
Claims against related firmes Claims against companies
with shareholding relationship |
23.408.017,32 |
|
Other claims and assets |
6.668.728,41 |
|
Sum claims |
53.856.381,15 |
|
Other securities |
1.250.000,00 |
|
Sum securities and shares |
1.250.000,00 |
|
Cash on hand, cheques and bank deposits |
1.828.066,70 |
|
Sum cash and bank |
1.828.066,70 |
|
Sum current assets |
215.507.936,78 |
|
Deferred charges |
1.752,60 |
|
Sum deferred charges |
1.752,60 |
|
Assets |
320.331.697,39 |
|
Subscribed/declared capital |
26.820.900,00 |
|
Committed capital reserves |
25.800.510,15 |
|
Not committed capital reserves |
393.720,00 |
|
Legal reserves |
1.962.090,00 |
|
Free reserves |
1.846.655,93 |
|
Balance sheet profit/balance sheet loss |
36.983.329,09 |
|
Thereof profit/loss carried forward |
422.209,01 |
|
Sum equity capital |
93.807.205,17 |
|
Other reserves before taxes |
560.359,61 |
|
Sum reserves before taxes |
560.359,61 |
|
Investment contributions |
253.296,44 |
|
Sum floor capital |
253.296,44 |
|
Reservesfor severance pays |
4.958.791,00 |
|
Reserves for pensions |
114.625,00 |
|
Tax reserves |
230.428,21 |
|
Other reserves |
27.661.810,41 |
|
Sum reserves |
32.965.654,62 |
|
Liabilities against credit institutes |
118.807.211,37 |
|
Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
24.801.776,40 |
|
Liabilities against related firms |
42.591.349,62 |
|
Other liabilities |
6.542.606,87 |
|
Sum liabilities |
192.742.944,26 |
|
Deferred income |
2.237,29 |
|
Sum deferred income |
2.237,29 |
|
Liabilities |
320.331.697,39 |
|
Contingent liabilities |
12.693.102,92 |
|
Balance sheet sum |
320.331.697,39 |
(absolute) all amounts in EUR
|
|
2010-12-31 |
|
Gross sales |
863.892.977,40 |
|
Increase or decrease in finished and unfinished goods and
in service claims |
34.510.260,31 |
|
Other manufacturing costs capitalized |
200.267,39 |
|
Sum turnover or sum gross profit |
898.603.505,10 |
|
Profits from retirement of fixed assets, except financial
assets |
1.130.705,56 |
|
Income from dissolution of reserves |
2.934,16 |
|
Other operating profits |
1.187.610,79 |
|
Other operating profits totally |
2.321.250,51 |
|
Costs for obtained services |
-13.472.263,69 |
|
Special account material costs |
-809.511.268,34 |
|
Costs for obtained services totally |
-822.983.532,03 |
|
Wages |
-9.681.020,09 |
|
Salaries |
-5.670.114,73 |
|
Costs for severance pays |
-469.321,97 |
|
Costs for old age pension |
-59.341,40 |
|
Legal fringe benefits and other payments depending on
salaries |
-4.269.924,60 |
|
Other social fringe benefits |
-81.758,74 |
|
Personnel expenses totally |
-20.231.481,53 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-4.494.737,88 |
|
Depreciation tangible assets / intangible assets
totally |
-4.494.737,88 |
|
Different operating costs |
-13.562.353,90 |
|
Other taxes |
-50.939,64 |
|
Other operating costs totally |
-13.613.293,54 |
|
Operating result totally |
39.601.710,63 |
|
Profits from shareholdings |
1.961.636,00 |
|
Income from other securities and loans of financial
assets |
1.037.483,82 |
|
Interest income, securties income and similar income |
311.488,05 |
|
Disbursements from other financial assets and from
securities of current assets (e.g. depreciations) |
-6.669,20 |
|
Interest and similar disbursements |
-4.709.081,74 |
|
Financial profits totally |
-1.405.143,07 |
|
Results from usual business activity
totally |
38.196.567,56 |
|
Taxes on income and profits |
-1.712.696,39 |
|
Taxes on income and profits totally |
-1.712.696,39 |
|
Annual surplus/annual deficit
totally |
36.483.871,17 |
|
Dissolution reserves before taxes |
77.248,91 |
|
Reserves movements totally |
77.248,91 |
|
Annual profit/annual loss
totally |
36.561.120,08 |
|
Profit and loss carried forward from previous year |
422.209,01 |
|
Transfer of profits totally |
422.209,01 |
|
B/S profit/ B/S loss from profit and
loss account |
36.983.329,09 |
|
|
2010 |
|
Cash flow II |
40.978.609,05 |
|
Debt amortisation period |
5,43 |
|
Bank indebtedness |
37,08 |
|
Equity capital share |
29,53 |
|
Social capital share |
1,58 |
|
Fixed assets coverage |
95,10 |
|
Net profit ratio |
4,25 |
|
Capital turnover |
2,80 |
|
Return on investment |
13,39 |
|
Cash flow in % of operating performance |
4,56 |
|
Cash flow I |
42.691.305,44 |
|
Gross productivity |
44,41 |
|
Net productivity |
3,73 |
|
Operating performance |
898.603.505,10 |
|
Inventories in % of operating performance |
17,64 |
|
Gross profit |
75.619.973,07 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Werkstraße 1, A-6230
Brixlegg |
registered office |
|
|
|
|
|
operational |
Werkstraße 1, A-6230
Brixlegg |
registered headquarters, owned
property |
|
|
|
|
|
operational |
Bergwerkstraße 1, A-6130
Schwaz, (Bergbau Falkenstein) |
branch agency |
|
|
|
|
|
former |
Werkstraße 1-3, A-6230
Brixlegg |
registered headquarters |
|
|
|
|
|
former |
Postfach 19, A-6230
Brixlegg |
postbox |
|
|
|
|
|
former |
Knappanger 39a, A-6130
Schwaz |
registered headquarters |
|
Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are
held by: |
||||
|
A-TEC INDUSTRIES AG |
Kurbadstraße 8, A-1100 Wien |
91.6 % 2004-08-01 |
|
FN 216262 h |
|
Legal proceeding number 122806 |
||||
|
Opening of legal proceeding 2010-10-20 |
||||
|
Status quo of legal proceeding since 2012-03-06 |
||||
|
Legal proceeding code 07722 |
||||
|
Status quo of legal proceeding Reorganisation plan (self administration)
has not been fulfilled |
||||
|
|
||||
|
This company holds 100% of the
shares in: |
||||
|
Montanwerke Brixlegg Wasserkraftwerke GmbH |
Werkstraße 1, A-6230 Brixlegg |
100 % 2003-06-18 |
|
FN 143043 h |
|
|
||||
|
Affiliated companies and
further participations: |
||||
|
i.Dream Media Services GmbH in Abwicklung |
Kärntnerstraße 17/13, A-1010 Wien |
|
|
FN 193481 g |
|
Legal proceeding number 132923 |
||||
|
Opening of legal proceeding |
||||
|
Status quo of legal proceeding since 2012-05-02 |
||||
|
Legal proceeding code 07872 |
||||
|
Status quo of legal proceeding Rejection of creditor s
petition for opening of bankruptcy due to lack of assets |
||||
|
A-TEC Minerals & Metals Management GmbH |
Wächtergasse 1/3/1, A-1010 Wien |
|
|
FN 288424 d |
|
A-Jet Aviation & Aircraft Management GmbH |
Wächtergasse 1, A-1010 Wien |
|
|
FN 298574 f |
|
Legal proceeding number 131148 |
||||
|
Opening of legal proceeding 2012-02-03 |
||||
|
Status quo of legal proceeding since 2012-05-16 |
||||
|
Legal proceeding code 07116 |
||||
|
Status quo of legal proceeding Bankruptcy proceedings have
been instituted - business closed - realisation of debtor's assets in
progress |
||||
|
E-TEC Beteiligungsverwaltungs GmbH |
Wächtergasse 1/3/1, A-1010 Wien |
|
|
FN 317510 b |
|
A-TEC Minerals & Metals Holding GmbH |
Wächtergasse 1/3/1, A-1010 Wien |
|
|
FN 339165 y |
|
Banker |
Bank sort code |
Type of banking connection |
|
Deutsche Bank Aktienges., 1013 Wien |
19100 |
main bank connection |
|
UniCredit Bank Austria AG, 6021 Innsbruck |
11000 |
secondary banking connection |
|
Year of incorporation: |
1463 |
|
Date of registration: |
1992-04-28 |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2004-02-26 |
ATS 180.000.000,00 |
|
2004-02-26 |
2004-07-16 |
EUR 13.080.600,00 |
|
2004-07-16 |
2010-04-13 |
EUR 19.620.900,00 |
|
2010-04-13 |
|
EUR 26.820.900,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
2000-07-12 |
individual signing clerk |
Dipl.-Ökonom Klaus Vorgang |
|
|
2001-02-20 |
individual signing clerk |
Dipl-Ing. Jörg Wallner |
|
2004-12-18 |
2005-08-10 |
joint signing clerk |
Dr. Bernhard Götsch |
|
2003-02-18 |
2005-08-10 |
joint signing clerk |
Dipl-Ing. Robert Stibich |
|
2008-01-10 |
2011-08-18 |
joint signing clerk |
Mag. Gabriele Punz |
|
2001-02-20 |
2004-07-16 |
chairman of the executive board |
Dr. Peter Müller |
|
2001-02-20 |
2003-02-18 |
deputy chairman of the executive board |
Dr. Reinhard Hohlbrugger |
|
|
2001-02-20 |
member of the executive board |
Dr. Peter Müller |
|
2001-02-20 |
2004-02-26 |
member of the executive board |
Dipl-Ing. Jörg Wallner |
|
2004-07-16 |
2005-08-10 |
member of the executive board |
Christine Forstner |
|
2003-02-18 |
2009-09-23 |
member of the executive board |
Dr. Reinhard Hohlbrugger |
|
2004-07-16 |
2011-08-18 |
member of the executive board |
Dkfm.Dr. Walter Durchschlag |
|
|
2004-07-16 |
chairman of the supervisory board |
Dr. Dietmar Bachmann |
|
2004-07-16 |
2011-12-10 |
chairman of the supervisory board |
Dkfm.Dr. Mirko Kovats |
|
1996-09-06 |
2004-07-16 |
deputy chairman of the supervisory board |
Christian Schirmeister |
|
2004-07-16 |
2011-12-10 |
deputy chairman of the supervisory board |
Dipl-Ing. Christian Schmidt |
|
1999-10-23 |
2003-02-18 |
member of the supervisory board |
Herbert Atzl |
|
1999-10-23 |
2003-02-18 |
member of the supervisory board |
Dr. Othmar Rankl |
|
|
2003-02-18 |
member of the supervisory board |
Fritz Widmann |
|
|
2003-08-19 |
member of the supervisory board |
Dkfm. Manfred Bauer |
|
|
2004-02-26 |
member of the supervisory board |
Josef Mallaun |
|
|
2004-07-16 |
member of the supervisory board |
Dr. Heinrich Traulsen |
|
2004-07-16 |
2006-10-26 |
member of the supervisory board |
Dr. Peter Müller |
|
2004-07-16 |
2007-06-15 |
member of the supervisory board |
Ronny Pecik |
|
2007-06-15 |
2011-12-10 |
member of the supervisory board |
Mag. Franz Fehringer |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
2001-10-17 |
2006-11-25 |
Montan Gruber MetallhandelsgesmbH in Liqu. |
|
2001-04-03 |
2008-04-16 |
"SCRAPCO" Metallhandels GmbH in
Liquidation |
|
2006-10-05 |
2008-11-21 |
Commodities West Rohstoffhandel GmbH in Liqu. |
|
2003-06-18 |
2009-01-27 |
Montanwerke Brixlegg Wasserkraftwerk Alpbach
Ges.m.b.H. |
|
|
|
Montan Metall Recycling AG in Liqu. |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2001-05-09 |
merged with |
ERNST & Co Gesellschaft mbH |
|
2001-05-09 |
merged with |
M. Gruber Metallhandelsgesellschaft m.b.H. |
|
2001-02-22 |
merged with |
MBH Holding AG |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.05 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
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.