|
Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
VOSSEN GMBH & CO.KG |
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|
|
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Formerly Known As : |
Vossen AG & Co.KG |
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|
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Registered Office : |
Vossenlände 1, A-8380 Jennersdorf |
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Country : |
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|
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Financials (as on) : |
31.12.2010 |
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|
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Year of Establishment : |
1997 |
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|
|
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Legal Form : |
Limited Liability Partnership |
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|
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Line of Business : |
Manufacture of made-up textile articles, except apparel |
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|
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No. of Employees : |
138 |
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 |
|
Maximum Credit Limit : |
EUR 432.000,00 |
|
Status : |
Satisfactory |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Last up-date: |
2012-06-26 |
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Company name: |
Vossen GmbH & Co.KG |
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Status: |
active company |
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Locations: |
Vossenlände 1, A-8380 Jennersdorf |
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Phone: |
0043 (3329) 400 |
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Fax: |
0043 (3329) 400 - 175 |
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E-mail: |
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Internet: |
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Activities: |
Önace 13920 100% Manufacture of made-up textile articles,
except apparel; |
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General Assessment: |
|
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Probability of Default (Basel
II): |
0,18% Very low risk |
|
comparison: |
The Rating of this company is
better than industry average. |
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Recommendation: |
In respect to solvency
reasons, there is nothing to say against an establishment of a business relationship. |
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|
|
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Detail Assessment: |
Payments are made within net
agreements. |
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Company is part of a group and
therefore cannot be evaluated separately. Group's solvency is average. |
|
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Maximum credit
EUR 432.000,00 |
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Year of incorporation: |
1997 |
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Type of company: |
Manufacturing |
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Legal form: |
limited liability partnership since 2004-08-13 |
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companies' house number: |
FN 251594 t Eisenstadt 2004-08-13 |
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Activities: |
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Trade names: |
Calypso |
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Trade names: |
Flamingo |
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Trade names: |
Vossen |
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VAT number: |
ATU 58154455 |
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number - Austrian National Bank: |
6562736 |
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Import |
Country |
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Import |
Turkey |
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2012 |
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Export |
Country |
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Export |
Eastern Europe |
|
2012 |
|
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Export |
European Union |
|
2012 |
|
|
total turnover (total sales) |
2011 |
EUR 27.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2010 |
EUR 27.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2009 |
EUR 26.900.000,00 |
(approx.) |
|
total turnover (total sales) |
2008 |
EUR 23.168.000,00 |
(approx.) |
|
total turnover (total sales) |
2007 |
EUR 22.002.000,00 |
(approx.) |
|
total employees |
2012 |
138 |
(approx.) |
|
total company vehicles |
2012 |
15 |
(approx.) |
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firm
(style): |
|
3
Vossen GmbH & Co.KG |
|
legal
form: |
|
1
Kommanditgesellschaft |
|
registered
office: |
|
1
politischer Gemeinde Jennersdorf |
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business
adress: |
|
1
Vossenlände 1 |
|
general
partner: |
|
A
Vossen GmbH |
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limited
partner: |
|
B
Linz Textil Gesellschaft m.b.H. |
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reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
9
zum 31.12.2010 eingereicht am 23.09.2011 |
|
general
table: |
|
Landesgericht Eisenstadt |
|
Registration number of real
estate 747 Cadastral register 31111 Jennersdorf
B Number and date of entry 1564/2011 Status of
2011-11-21 |
|
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 2410/1983 |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Christine Krenn |
|
8380 Jennersdorf Vossenlände 1(c/o) |
head of accounting |
0 |
|
Mag. Wilhelm Haböck |
1949-06-08 |
4600 Wels Amundsenstraße 8 |
head of sales, head of marketing |
0 |
|
Philipp Krenn |
|
8380 Jennersdorf Vossenlände 1(c/o) |
head of EDP |
0 |
|
Ing. Regina Schramek |
|
8380 Jennersdorf Vossenlände 1(c/o) |
technical director |
0 |
|
Silke Koller |
|
8380 Jennersdorf Vossenlände 1(c/o) |
head of personnel |
0 |
(absolute) all amounts in
EUR
|
|
2010-12-31 |
|
Other intangible assets |
113.442,19 |
|
Sum intangible assets |
113.442,19 |
|
Land with buildings (building value) |
1.358.612,91 |
|
Other operating and business equipment |
1.911.771,72 |
|
Technical plants and machines |
2.554.484,47 |
|
Advanced payments and constructions in progress |
158.763,87 |
|
Sum tangible assets |
5.983.632,97 |
|
Shares on related firms |
125.676,31 |
|
Sum financial assets |
125.676,31 |
|
Sum fixed assets |
6.222.751,47 |
|
Special account stock |
8.046.185,00 |
|
Sum stock |
8.046.185,00 |
|
Claims against related firmes Claims against companies
with shareholding relationship |
373.451,24 |
|
Other claims and assets |
3.928.218,62 |
|
Sum claims |
4.301.669,86 |
|
Cash on hand, cheques and bank deposits |
283.972,06 |
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Sum cash and bank |
283.972,06 |
|
Sum current assets |
12.631.826,92 |
|
Deferred charges |
73.690,23 |
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Sum deferred charges |
73.690,23 |
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Assets |
18.928.268,62 |
|
Not committed capital reserves |
642.786,21 |
|
Capital silent partner |
2.940.105,76 |
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Sum equity capital |
3.582.891,97 |
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Subsidies and contributions |
621.306,40 |
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Sum floor capital |
621.306,40 |
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Reservesfor severance pays |
646.000,00 |
|
Other reserves |
1.132.900,00 |
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Sum reserves |
1.778.900,00 |
|
Liabilities against credit institutes |
37,28 |
|
Liabilities against related firms |
10.484.327,58 |
|
Other liabilities |
2.374.602,79 |
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Sum liabilities |
12.858.967,65 |
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Deferred income |
86.202,60 |
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Sum deferred income |
86.202,60 |
|
Liabilities |
18.928.268,62 |
|
Balance sheet sum |
18.928.268,62 |
(absolute) all amounts in
EUR
|
|
2010-12-31 |
|
Gross profit |
15.899.279,85 |
|
Sum turnover or sum gross profit |
15.899.279,85 |
|
Profits from retirement of fixed assets, except financial
assets |
8.733,43 |
|
Other operating profits |
970.095,67 |
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Other operating profits totally |
978.829,10 |
|
Wages |
-1.499.269,40 |
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Salaries |
-2.426.382,44 |
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Costs for severance pays |
-114.781,53 |
|
Legal fringe benefits and other payments depending on
salaries |
-1.149.758,20 |
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Other social fringe benefits |
-36.952,35 |
|
Personnel expenses totally |
-5.227.143,92 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-1.723.384,88 |
|
Depreciation tangible assets / intangible assets
totally |
-1.723.384,88 |
|
Different operating costs |
-9.332.562,88 |
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Other taxes |
-36.902,08 |
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Other operating costs totally |
-9.369.464,96 |
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Operating result totally |
558.115,19 |
|
Interest income, securties income and similar income |
1.270,52 |
|
Profits from the retirement of and investment in financial
assets |
25.674,31 |
|
Interest and similar disbursements |
-200.430,26 |
|
Financial profits totally |
-173.485,43 |
|
Results from usual business activity
totally |
384.629,76 |
|
Annual surplus/annual deficit
totally |
384.629,76 |
|
Annual profit/annual loss
totally |
384.629,76 |
|
B/S profit/ B/S loss from profit and
loss account |
384.629,76 |
|
|
2010 |
|
Cash flow II |
2.108.014,64 |
|
Debt amortisation period |
6,80 |
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Bank indebtedness |
0,00 |
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Equity capital share |
22,21 |
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Social capital share |
3,41 |
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Fixed assets coverage |
77,94 |
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Net profit ratio |
0,00 |
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Capital turnover |
0,00 |
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Return on investment |
3,09 |
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Cash flow in % of operating performance |
0,00 |
|
Cash flow I |
2.108.014,64 |
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Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
0,00 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
15.899.279,85 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Vossenlände 1, A-8380 Jennersdorf |
registered office |
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|
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operational |
Vossenlände 1, A-8380 Jennersdorf |
registered headquarters, owned
premises |
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|
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|
operational |
Kärntnerstraße 24, A-8820 Neumarkt |
branch office |
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|
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operational |
Hoffingergasse 30/1/8, A-1120 Wien, (Vertriebsbüro) |
office, rented premises |
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former |
Krottenthalergasse 4/10, A-1080 Wien |
office |
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former |
Wienerbergstraße , A-1100 Wien |
office |
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Company name |
Postal code |
|
|
Companies House |
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Shares in this company are
held by: |
||||
|
Linz Textil Gesellschaft m.b.H. |
Wienerstraße 435, A-4030 Linz |
2004-08-13 |
|
FN 85402 t |
|
Vossen GmbH |
Vossenlände 1, A-8380 Jennersdorf |
2004-08-13 |
|
FN 250615 b |
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|
7
Vossen GmbH |
||||
|
7
Gesellschaft mit beschränkter Haftung |
||||
|
1
EUR 100.000 |
||||
|
7
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
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|
E
Christine Krenn, geb. 23.10.1952 |
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|
O
Mag. Wilhelm Haböck, geb. 08.06.1949 |
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L
Linz Textil Gesellschaft m.b.H. |
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Affiliated companies and
further participations: |
||||
|
Liegenschaftsverwaltung Reutte
GmbH |
Lindenstraße 31, A-6600
Reutte |
|
|
FN 46685 f |
|
LINZ TEXTIL HOLDING
AKTIENGESELLSCHAFT |
Wienerstraße 435, A-4030
Linz |
|
|
FN 75631 y |
|
Banker |
Bank sort code |
Type of banking connection |
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
main bank connection |
|
HYPO-BANK BURGENLAND Aktiengesellschaft, 7001 Eisenstadt |
51000 |
main bank connection |
|
Year of incorporation: |
1997 |
|
Date of registration: |
2004-08-13 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2006-04-20 |
Vossen AG & Co.KG |
|
2006-04-20 |
|
Vossen GmbH & Co.KG |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2004-11-03 |
merged with |
Vossen AG |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
|
UK Pound |
1 |
Rs.88.91 |
|
Euro |
1 |
Rs.71.25 |
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.