|
Report Date : |
19.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
KED PHARMACEUTICALS AG |
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|
|
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Registered Office : |
Kärntnerring 5-7/501, A-1010 Wien |
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Country : |
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|
|
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2005 |
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|
|
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Com. Reg. No.: |
FN 265612 g Wien 2005-09-03 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale of pharmaceutical products |
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No. of Employees : |
13 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
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 |
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Restricted |
C2 |
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Off-credit |
D |
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Company name: |
KED Pharmaceuticals AG |
|
Status: |
active company |
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Locations: |
Kärntnerring 5-7/501, A-1010 Wien |
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Phone: |
0043 (1) 5132944 - 10 |
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Fax: |
0043 (1) 5132944 - 22 |
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E-mail: |
office@kedag.at |
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Internet: |
http://www.kedag.at |
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Activities: |
Önace 46461 100% Wholesale of pharmaceutical products |
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|
|
|
Probability of Default (Basel II): |
1,59% Medium high risk |
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Recommendation: |
In respect to solvency reasons, there is basically nothing to say
against an establishment of a business relationship. However, we recommend to
take additional safeguarding measures. |
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|
|
|
Detail Assessment: |
Payment As far as insight is possible, payments are mostly made according to
conditions, nothing detrimental known. No experience of importance at
present. |
|
|
Assessment Company's solvency is weak and is entirely dependent on external
capital. |
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|
|
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Year of incorporation: |
2005 |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
Legal form: |
joint stock company since 2005-07-13 |
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companies' house number: |
FN 265612 g Wien 2005-09-03 |
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Activities: |
|
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VAT number: |
ATU 61918358 |
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number - Austrian National Bank: |
7061846 |
|
total turnover (total sales) |
2012 |
EUR 10.000.000,00 |
(expected) |
|
total turnover (total sales) |
2011 |
EUR 10.000.000,00 |
(approx.) |
|
total turnover (total sales) |
2010 |
EUR 7.690.000,00 |
(estimated) |
|
total turnover (total sales) |
2008 |
EUR 7.685.610,11 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 2.807.204,43 |
(exact) |
|
total employees |
2012 |
13 |
(approx.) |
|
white collar workers |
2012 |
13 |
(approx.) |
|
total company vehicles |
2012 |
3 |
(approx.) |
|
cars |
2012 |
3 |
(approx.) |
|
firm (style): |
|
1 KED Pharmaceuticals AG |
|
legal form: |
|
1 Aktiengesellschaft |
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registered
office: |
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1 politischer Gemeinde Wien |
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business adress: |
|
9 Kärntner Ring 5-7, Top
501 |
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capital: |
|
1 EUR 70.000 |
|
reference date
annual accounts: |
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1 31. Dezember |
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annual accounts: |
|
12 zum 31.12.2010
eingereicht am 30.09.2011 |
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power of
representation: |
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1 Die Gesellschaft wird,
wenn mehrere Vorstandsmitglieder |
|
other
provisions: |
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1 Der Vorstand besteht aus
ein, zwei oder drei Mitgliedern. |
|
board of
directors: |
|
I Paolo Melloni, geb.
16.04.1961 |
|
proxy: |
|
J Giovanni Severino, geb.
10.04.1957 |
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supervisory
board: |
|
D Paolo Marcucci, geb.
02.04.1963 |
|
general table: |
|
Handelsgericht Wien |
|
Real estate
text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
|
Dr. Simone Biering |
1978-02-01 |
1080 Wien Auerspergstraße 5 |
individual signing clerk |
1 |
|
Giovanni Severino |
1957-04-10 |
Vecchiano Via Ugo Foscolo n 22 |
individual signing clerk |
0 |
|
Paolo Melloni |
1961-04-16 |
20123 Mailand Via Carducci 4 |
member of the executive board |
0 |
|
Paolo Marcucci |
1963-04-02 |
1090 Wien Alserbachstraße 18(c/o) |
chairman of the supervisory board |
0 |
|
Dr.jur. Christoph Petsch |
1957-11-18 |
1170 Wien Neuwaldeggerstraße 16 |
deputy chairman of the supervisory board |
10 |
|
Simone Boaglio |
1964-02-22 |
(FI) Florenz Via Magenta 12 |
member of the supervisory board |
0 |
|
Remo Grassi |
1948-06-22 |
(LU) Castelnuovo Garfagnana Via Azzi n. 39 |
member of the supervisory board |
0 |
|
Andrea Marcucci |
1965-05-28 |
(LU) Fraz. Castelvecchio Pascoli Loc. Villa Bottiglia |
member of the supervisory board |
0 |
(absolute) all
amounts in EUR
|
|
2010-12-31 |
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|
|
|
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
86.325,51 |
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|
|
|
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Sum intangible assets |
86.325,51 |
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|||||
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Land with buildings (building value) |
18.317,71 |
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Other operating and business equipment |
179.624,64 |
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Sum tangible assets |
197.942,35 |
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|||||
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Shares on related firms |
162.655,02 |
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|
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Sum financial assets |
162.655,02 |
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|||||
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Sum fixed assets |
446.922,88 |
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|||||
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Raw-, auxiliary materials and supplies |
9.000,00 |
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Finished products |
3.623.175,50 |
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|
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Sum stock |
3.632.175,50 |
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|||||
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Claims from delivered goods and performed services |
5.890.484,94 |
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|
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Claims against related firmes Claims against companies with
shareholding relationship |
9.838,86 |
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|
|
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Other claims and assets |
26.577,54 |
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|
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Sum claims |
5.926.901,34 |
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|||||
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Cash on hand, cheques and bank deposits |
113.255,61 |
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Sum cash and bank |
113.255,61 |
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|||||
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Sum current assets |
9.672.332,45 |
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Deferred charges |
22.776,26 |
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Sum deferred charges |
22.776,26 |
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Assets |
10.142.031,59 |
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Subscribed/declared capital |
70.000,00 |
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Balance sheet profit/balance sheet loss |
-3.222.109,28 |
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|
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Thereof profit/loss carried forward |
-1.690.541,04 |
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Sum equity capital |
-3.152.109,28 |
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Other reserves |
1.768.519,93 |
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Sum reserves |
1.768.519,93 |
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Liabilities against credit institutes |
26,00 |
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Received advanced payments for orders |
130.000,00 |
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Liabilities from delivered goods and performed services from the acceptance
of drafts and emission of promissory notes |
217.557,49 |
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Liabilities against related firms |
11.109.006,10 |
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|
|
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Other liabilities |
69.031,35 |
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Sum liabilities |
11.525.620,94 |
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|||||
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Liabilities |
10.142.031,59 |
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|||||
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Balance sheet sum |
10.142.031,59 |
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(absolute) all
amounts in EUR
|
|
2010-12-31 |
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|
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Gross sales |
14.394.593,55 |
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Sum turnover or sum gross profit |
14.394.593,55 |
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Income from dissolution of reserves |
9.261,19 |
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Other operating profits |
82.966,35 |
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Other operating profits totally |
92.227,54 |
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Costs for obtained services |
-720,00 |
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Special account material costs |
-11.952.473,50 |
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Costs for obtained services totally |
-11.953.193,50 |
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|||||
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Salaries |
-1.902.671,42 |
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Costs for severance pays |
-12.459,23 |
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Legal fringe benefits and other payments depending on salaries |
-219.588,50 |
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Other social fringe benefits |
-7.874,78 |
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Personnel expenses totally |
-2.142.593,93 |
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Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-107.807,87 |
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Depreciation tangible assets / intangible assets totally |
-107.807,87 |
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|||||
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Different operating costs |
-1.565.300,45 |
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Other taxes |
-4.740,51 |
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Other operating costs totally |
-1.570.040,96 |
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Operating result totally |
-1.286.815,17 |
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Interest income, securties income and similar income |
835,41 |
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Interest and similar disbursements |
-242.088,48 |
|
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|
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Financial profits totally |
-241.253,07 |
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|
|||||
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Results from usual business activity
totally |
-1.528.068,24 |
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|||||
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Taxes on income and profits |
-3.500,00 |
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|
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Taxes on income and profits totally |
-3.500,00 |
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|
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Annual surplus/annual deficit totally |
-1.531.568,24 |
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|
|||||
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Annual profit/annual loss totally |
-1.531.568,24 |
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|
|
|
|
|
|||||
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Profit and loss carried forward from previous year |
-1.690.541,04 |
|
|
|
|
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Transfer of profits totally |
-1.690.541,04 |
|
|
|
|
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B/S profit/ B/S loss from profit and loss
account |
-3.222.109,28 |
|
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|
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|
2010 |
|
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|
|
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Cash flow II |
-1.423.760,37 |
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|
|
|
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Debt amortisation period |
-9,16 |
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Bank indebtedness |
0,00 |
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Equity capital share |
-31,48 |
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Social capital share |
0,00 |
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Fixed assets coverage |
-705,29 |
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Net profit ratio |
-10,61 |
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|
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Capital turnover |
1,41 |
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|
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Return on investment |
-12,67 |
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|
|
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Cash flow in % of operating performance |
-9,89 |
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Cash flow I |
-1.420.260,37 |
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Gross productivity |
6,71 |
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Net productivity |
1,13 |
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|
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Operating performance |
14.394.593,55 |
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|
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|
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Inventories in % of operating performance |
25,23 |
|
|
|
|
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Gross profit |
2.441.400,05 |
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Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Kärntnerring 5-7, Top 501, A-1010 Wien |
registered office |
|
|
|
|
|
operational |
Kärntnerring 5-7/501, A-1010 Wien |
registered headquarters, rented premises |
|
|
|
office@kedag.at |
|
former |
Mahlerstraße 12/2.6.2, A-1010 Wien |
registered office |
|
|
|
|
|
former |
Alserbachstraße 18, A-1090 Wien |
registered office |
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|
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|
former |
Mahlerstraße 12/2/6/2, A-1010 Wien |
registered headquarters |
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former |
Alserbachstraße 18, A-1090 Wien |
registered headquarters |
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Company name |
Postal code |
Stake in % |
Companies House |
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|
Shares in this company are held by: |
||||
|
Kedrion SpA |
Castelvecchio Pascoli , I-55020 Barga |
100 % 2006-09-29 |
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|
||||
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Affiliated companies and further
participations: |
||||
|
"Puls" Unternehmensberatung GmbH |
Kenyongasse 9/3, A-1070 Wien |
|
FN 221051 a |
|
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Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
main bank connection |
|
Year of incorporation: |
2005 |
|
Date of registration: |
2005-09-03 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
2005-09-03 |
2012-01-27 |
member of the executive board |
Dr. Wolfgang Biering |
|
2005-09-03 |
2007-01-26 |
deputy chairman of the supervisory board |
Mag. Rudolf Meixner |
|
2005-09-03 |
2007-01-26 |
member of the supervisory board |
Dr. Georg Kukla |
|
2005-09-03 |
2007-01-26 |
member of the supervisory board |
Francesca Ottier |
|
2007-01-26 |
2008-04-12 |
member of the supervisory board |
Dr. Andrea Benassi |
|
2008-04-12 |
2012-01-27 |
member of the supervisory board |
Paolo Melloni |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.59 |
|
|
1 |
Rs.87.34 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.