MIRA INFORM REPORT

FINAL REPORT

 

 

Report Date :

30.05.2012

 

IDENTIFICATION DETAILS

 

Name :

INTECO SPECIAL MELTING TECHNOLOGIES GMBH

 

 

Formerly Known As :

INTECO, Internationale Technische Beratung, Gesellschaft mbH 

 

 

Registered Office :

Wienerstraße  25, A-8600 Bruck Mur

 

 

Country :

Austria

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

28.06.1973

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale and retail trade; repair of motor vehicles

 

 

No. of Employees :

167

 

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

 

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 – 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

 

 


Basic company information

 

Last up-date:

2012-05-29

Company name:

INTECO special melting technologies GmbH

Status:

active company

Locations:

Wienerstraße  25, A-8600 Bruck Mur

Phone:

0043 (3862) 53110

Fax:

0043 (3862) 53844

E-mail:

inteco.austria@inteco.at

Internet:

http://www.inteco.at

Activities:

Önace 71120 40% Engineering activities and related technical consultancy

 

Önace 46520 30% Wholesale of electronic and telecommunications equipment and parts

 

Önace 46690 20% Wholesale of other machinery and equipment

 

Önace 85590 10% Other education n.e.c.

 

General Assessment:

Model: CompanyScore

Probability of Default (Basel II):

Very low risk

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:

Payments are made according to conditions within agreed terms, using cash discounts.

 

Company's financial situation is in order. Earnings potential is positive.

 

 

Additional company information

 

Year of incorporation:

1973

 

Type of company:

Wholesale and retail trade; repair of motor vehicles

 

Legal form:

limited liability company since 1973-05-30

 

companies' house number:

FN 72888 p Leoben 1973-06-28

 

Activities:

 

 

VAT number:

ATU 27089405

 

number - Austrian National Bank:

100145

 

 

 

 

Import 

Country 

 

 

 

Import

world-wide

 

2012

 

 

 

Export 

Country 

 

 

 

Export

world-wide

 

2012

 

 


Financial data

 

total turnover (total sales)

2011

EUR  43.000.000,00

(approx.)

total turnover (total sales)

2010

EUR  62.951.768,00

(exact)

total turnover (total sales)

2009

EUR  54.763.179,08

(exact)

total turnover (total sales)

2008

EUR  33.986.191,35

(exact)

total turnover (total sales)

2007

EUR  18.896.358,57

(exact)

turnover (sales) - group

2010

EUR  75.994.285,00

(approx.)

turnover (sales) - group

2009

EUR  58.703.000,00

(approx.)

turnover (sales) - group

2008

EUR  67.449.511,00

(exact)

turnover (sales) - group

2007

EUR  33.811.000,00

(exact)

turnover (sales) - group

2006

EUR  29.408.000,00

(exact)

total employees

2012

167

(average)

total investments

2010

EUR  730.027,15

(exact)

total company vehicles

2012

22

(exact)

cars

2012

22

(exact)

 

 

Extraxt from the Companies' House

 

firm (style):

   16      INTECO special melting technologies
           GmbH

legal form:

    1      Gesellschaft mit beschränkter Haftung

registered office:

    1      politischer Gemeinde Bruck an der Mur

business adress:

    1      Wiener Str. 25a
           8600 Bruck an der Mur

capital:

   16      EUR 218.018,50

reference date annual accounts:

   17      30. September

annual accounts:

   35      zum 30.09.2010 eingereicht am 19.07.2011

power of representation:

   36      Sind zwei oder mehr Geschäftsführer bestellt, so wird die
           Gesellschaft durch zwei von ihnen gemeinsam oder durch einen
           Geschäftsführer gemeinsam mit einem Prokuristen vertreten.
           Die Generalversammlung kann, auch wenn mehrere Geschäfts-
           führer bestellt sind, einzelnen von ihnen selbständige
           Vertretungsbefugnis erteilen.
    1   Gesellschaftsvertrag  vom 30.05.1973                                001
    1   Generalversammlungsbeschluss  vom 14.11.1986                        002
          Kapitalerhöhung um ATS 300.000,-.
          Änderung des Gesellschaftsvertrages im Punkt Fünftens.
    3   Generalversammlungsbeschluss  vom 29.09.1997                        003
          Kapitalerhöhung aus Gesellschaftsmitteln um ATS 1,500.000,-.
          Änderung des Gesellschaftsvertrages im Punkt Fünftens.
    4   Generalversammlungsbeschluss  vom 29.09.1997                        004
          Kapitalerhöhung um ATS 1,000.000,--.
          Änderung des Gesellschaftsvertrages im Punkt Fünftens.
   16   Gesellschaftsvertrag mit Generalversammlungsbeschluss               005
          vom 25.09.2002
          gemäß 1. Euro-JuBeG angepasst.
   16   Generalversammlungsbeschluss  vom 25.09.2002                        006
          Änderung des Gesellschaftsvertrages in den Punkten
          Zweitens, Fünftens und Neuntens.
   17   Generalversammlungsbeschluss  vom 01.10.2004                        007
          In Wiederholung des Umlaufbeschlusses vom 20.6.2001 wurde de
          r Gesellschaftsvertrag im Punkt 7 geändert
   28   Verschmelzungsvertrag  vom 26.09.2007                               008
   28   Generalversammlungsbeschluss  vom 26.09.2007                        009
          Diese Gesellschaft wurde als
          übernehmende Gesellschaft mit der
          SYSTEMTECHNIK Meß- und Regelgeräte
          Gesellschaft m.b.H.
          (FN 73979 v)
          als übertragender Gesellschaft verschmolzen.
          Sitz der übertragenden Gesellschaft in Bruck an der Mur.
   36   Generalversammlungsbeschluss  vom 12.07.2011                        010
          Neufassung des Gesellschaftsvertrages.

proxy:

         I   Andreas Dulzky, geb. 10.10.1964
   29        vertritt seit 01.02.2008 gemeinsam mit
             einem weiteren Prokuristen
         J   Dipl.-Ing. Alexander Scheriau, geb. 31.05.1973
   37        vertritt seit 10.01.2012 selbständig
         K   Mag. Thomas Steger, geb. 13.11.1968
   31        vertritt seit 01.05.2009 selbständig
         L   Dipl.Ing.Dr. Heinz Müller, geb. 02.02.1955
   37        vertritt seit 10.01.2012 selbständig

managing director:

         F   DI.Dr. Harald Holzgruber, geb. 25.08.1963
    5        vertritt seit 05.02.1998 selbständig

shareholder:

         G   HOLZGRUBER Beteiligungsgesellschaft
             m.b.H.
   16        .................    EUR 218.018,50
   16        ............................................    EUR 218.018,50
                          ------------------------------------------------------
                   Summen:        EUR 218.018,50             EUR 218.018,50

general table:

 Landesgericht Leoben
   1 Ersterfassung abgeschlossen am 12.01.1994  Geschäftsfall 902 Fr     9/94 t
       Ersterfassung gem. Art. XXIII Abs. 4 FBG
   3 eingetragen am 09.01.1998                  Geschäftsfall  24 Fr  2564/97 w
       Antrag auf Änderung  eingelangt am 30.09.1997
   4 eingetragen am 13.01.1998                  Geschäftsfall  24 Fr  2565/97 x
       Antrag auf Änderung  eingelangt am 30.09.1997
   5 eingetragen am 05.02.1998                  Geschäftsfall  24 Fr   310/98 p
       Antrag auf Änderung  eingelangt am 10.12.1997
   8 eingetragen am 20.07.1999                  Geschäftsfall  24 Fr  2280/99 w
       Antrag auf Änderung  eingelangt am 13.07.1999
  16 eingetragen am 07.12.2002                  Geschäftsfall  24 Fr  3425/02 y
       Antrag auf Änderung  eingelangt am 04.10.2002
  17 eingetragen am 19.03.2005                  Geschäftsfall  24 Fr  3887/04 w
       Antrag auf Änderung  eingelangt am 06.10.2004
  28 eingetragen am 08.11.2007                  Geschäftsfall  24 Fr  4303/07 h
       Antrag auf Änderung  eingelangt am 28.09.2007
  29 eingetragen am 14.02.2008                  Geschäftsfall  24 Fr   770/08 x
       Antrag auf Änderung  eingelangt am 13.02.2008
  31 eingetragen am 19.05.2009                  Geschäftsfall  24 Fr  2791/09 b
       Antrag auf Änderung  eingelangt am 07.05.2009
  34 eingetragen am 09.11.2010                  Geschäftsfall  24 Fr  5515/10 t
       Antrag auf Änderung  eingelangt am 04.11.2010
  35 eingetragen am 21.07.2011                  Geschäftsfall  24 Fr  5917/11 t
       Elektronische Einreichung Jahresabschluss  eingelangt am 19.07.2011
  36 eingetragen am 22.07.2011                  Geschäftsfall  24 Fr  5873/11 b
       Antrag auf Änderung  eingelangt am 18.07.2011
  37 eingetragen am 17.01.2012                  Geschäftsfall  24 Fr   125/12 h
       Antrag auf Änderung  eingelangt am 12.01.2012

 

 

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)

Dipl-Ing.Dr.  Harald Holzgruber

1963-08-25 

 

8600 Bruck Mur Wienerstraße 25

manager,

head of purchasing,

head of sales,

head of personnel

 

12

 

Dipl-Ing.Dr.  Heinz Müller

1955-02-02 

 

4501 Neuhofen Krems Hainbergstraße 5

individual signing clerk

 

0

 

Dipl-Ing.  Alexander Scheriau

1973-05-31 

 

8600 Bruck Mur Rudolf Burgstallergasse 15a

individual signing clerk

 

0

 

Mag.  Thomas Steger

 

1968-11-13 

 

8045 Graz Andritz Pfanghofweg 3

individual signing clerk,

head of accounting

 

2

 

Andreas Dulzky

1964-10-10 

8625 Turnau Turnau 262

joint signing clerk,

technical director

2

Ermelinde Winkelmayer

 

  

 

8600 Bruck Mur Wienerstraße 25a(c/o)

head of accounting

 

0

 

Roland Kristl

 

  

 

8600 Bruck Mur Wienerstraße 25(c/o)

technical director

 

0

 

 

 

Balance Sheet

(absolute) all amounts in EUR 

 

 

2010-09-30 

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

199.553,43

Sum intangible assets

199.553,43

Other operating and business equipment

609.294,04

Sum tangible assets

609.294,04

Shares on related firms

1.244.133,36

Other financial assets, values and securities of fixed assets

2.452.068,80

Sum financial assets

3.696.202,16

Sum fixed assets

4.505.049,63

Raw-, auxiliary materials and supplies

10.753,15

Outstanding service claims

382.537,99

Advanced payments

853.393,33

Sum stock

1.246.684,47

Claims from delivered goods and performed services

4.404.143,90

Other claims and assets

619.407,86

Claims against related firmes Claims against companies with shareholding relationship

1.174.361,12

Sum claims

6.197.912,88

Other securities

264.700,10

Sum securities and shares

264.700,10

Cash on hand, cheques and bank deposits

21.459.129,49

Sum cash and bank

21.459.129,49

Sum current assets

29.168.426,94

Assets

33.673.476,57

Subscribed/declared capital

218.018,50

Not committed capital reserves

49.424,02

Free reserves

343.037,86

Balance sheet profit/balance sheet loss

7.637.421,20

Thereof profit/loss carried forward

4.953.709,77

Sum equity capital

8.247.901,58

Reservesfor severance pays

426.738,08

Reserves for pensions

1.129.122,70

Tax reserves

361.600,00

Other reserves

5.509.002,53

Sum reserves

7.426.463,31

Liabilities against credit institutes

994.476,11

Received advanced payments for orders

8.744.120,16

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

7.860.392,63

Liabilities against related firms

134.278,57

Other liabilities

265.844,21

Sum liabilities

17.999.111,68

Liabilities

33.673.476,57

Balance sheet sum

33.673.476,57

 


P / L Account 

(absolute) all amounts in EUR 

 

 

2010-09-30 

Gross sales 

62.951.768,00

Increase or decrease in finished and unfinished goods and in service claims 

-2.429.525,52

Sum turnover or sum gross profit 

60.522.242,48

Profits from retirement of fixed assets, except financial assets 

208,34

Income from dissolution of reserves 

21.594,71

Other operating profits 

66.885,56

Other operating profits totally 

88.688,61

Costs for obtained services 

-1.939.928,72

Special account material costs 

-39.407.926,18

Costs for obtained services totally 

-41.347.854,90

Wages 

-68.969,84

Salaries 

-6.613.996,10

Costs for severance pays 

-92.861,02

Costs for old age pension 

-2.279,87

Legal fringe benefits and other payments depending on salaries 

-1.654.660,29

Other social fringe benefits 

-73.452,85

Personnel expenses totally 

-8.506.219,97

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

-384.006,84

Depreciation tangible assets / intangible assets totally 

-384.006,84

Different operating costs 

-7.099.785,51

Other taxes 

-45.749,52

Other operating costs totally 

-7.145.535,03

Operating result totally 

3.227.314,35

Income from other securities and loans of financial assets 

7.856,92

Interest income, securties income and similar income 

259.186,36

Profits from the retirement of and investment in securities of current assets 

89.907,26

Interest and similar disbursements 

-8.515,77

Financial profits totally 

348.434,77

Results from usual business activity totally 

3.575.749,12

Taxes on income and profits 

-892.037,69

Taxes on income and profits totally 

-892.037,69

Annual surplus/annual deficit totally 

2.683.711,43

Annual profit/annual loss totally 

2.683.711,43

Profit and loss carried forward from previous year 

4.953.709,77

Transfer of profits totally 

4.953.709,77

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

7.637.421,20

 

 

Key ratios

 

 

2010  

Cash flow II

  3.067.718,27

Debt amortisation period

  1,64

Bank indebtedness

  2,95

Equity capital share

  33,08

Social capital share

  4,62

Fixed assets coverage

  217,61

Net profit ratio

  5,90

Capital turnover

  1,79

Return on investment

  10,64

Cash flow in % of operating performance

  5,06

Cash flow I

  3.959.755,96

Gross productivity

  7,11

Net productivity

  2,25

Operating performance

  60.522.242,48

Inventories in % of operating performance

  2,05

Gross profit

  19.174.387,58

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Wienerstraße  25a, A-8600 Bruck Mur

registered office 

 

 

 

operational 

Wienerstraße  25, A-8600 Bruck Mur

registered headquarters, rented premises 

 

 

inteco.austria@inteco.at

former 

Bahnhofstraße  9, A-8600 Bruck Mur

branch office 

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

 

Companies House

 

Shares in this company are held by:

HOLZGRUBER Beteiligungsgesellschaft m.b.H.

Wienerstraße  25a, A-8600 Bruck Mur

100 % 1999-07-20

 

 

FN 181754 k

 

 

This company holds 50% to 99% of the shares in:

DALIAN Handels- und Beteiligungs GmbH

Wienerstraße  25a, A-8600 Bruck Mur

91.02 % 2006-03-29

 

 

FN 276342 k

 

INTECO atec automation GmbH

 

Autal  55, A-8301 Laßnitzhöhe

80 % 2011-08-19

 

 

FN 134129 z

 

Legal proceeding number 122903

Opening of legal proceeding 2010-10-28

Status quo of legal proceeding since 2011-02-07

Legal proceeding code 07749

Status quo of legal proceeding Revocation of insolvency proceedings after completion of a reorganisation plan (without self administration)

RCT recycling crushing technologies GmbH

Wienerstraße  25, A-8600 Bruck Mur

50 % 2012-03-20

 

7.110.456

 

FN 371624 g

 

 

This company holds less than 50% of the shares in:

IDEA Industrial Designer Equipment GmbH

Dr. Theodor Körner Straße  3, A-8600 Bruck Mur

13.89 % 2009-03-21

 

1.570.527

 

FN 296748 w

 

 

Affiliated companies and further participations:

TECTRADE Handelsgesellschaft m.b.H.

Wienerstraße  25a, A-8600 Bruck Mur

 

 

527.287

 

FN 76963 g

 

INTECO Holding GmbH

 

Wienerstraße  25a, A-8600 Bruck Mur

 

 

1.278.583

 

FN 234678 s

 

Clearwater Immobilien Invest GmbH

Gaadnerstraße  120, A-2371 Hinterbrühl

 

 

1.456.732

 

FN 271643 a

 

TBR casting technologies GmbH

 

Gösserplatz  1, A-8700 Leoben

 

 

458.155

 

FN 84592 a

 

ART advanced refractory technologies GmbH

Wienerstraße  25/a, A-8600 Bruck Mur

 

 

7.028.204

 

FN 358377 a

 

 

 

Bankers

 

Banker

Bank sort code

Type of banking connection

UniCredit Bank Austria AG, 8605 Kapfenberg

 

12000

 

main bank connection

 

Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien

 

20111

 

secondary banking connection

 

Raiffeisenlandesbank Oberösterreich, 4021 Linz

 

34000

 

secondary banking connection

 

 

 

Historical development

 

Year of incorporation:

1973

Date of registration:

1973-06-28

 

Change of company name:

From

To

Company name

   

  2002-12-09

INTECO, Internationale Technische Beratung, Gesellschaft mbH 

  2002-12-09

   

INTECO special melting technologies GmbH 

 

Change in share capital:

From

To

Capital

   

  2002-12-09

ATS  3.000.000,00

  2002-12-09

   

EUR  218.018,50

 

Former executives:

From

To

Function

Name

  2002-12-07

  2006-10-10

manager 

Dipl-Ing. Rezvanollah Ghasemipour Yazdi 

   

  2002-12-07

individual signing clerk 

Dipl-Ing. Rezvanollah Ghasemipour Yazdi 

  2006-12-22

  2010-11-09

individual signing clerk 

Dipl-Ing. Erwin Schneller 

  2008-02-14

  2012-01-17

joint signing clerk 

Dipl-Ing. Alexander Scheriau 

 

Former shareholders:

From

To

Function

Name

  1998-01-13

  1999-07-20

partner 

Dipl-Ing. Ludwig Schwarz 

  1998-01-13

  1999-07-20

partner 

Roswitha Schwarz 

  1998-01-13

  2002-01-29

partner 

Dipl-Ing. Gerlinde Holzgruber 

  1999-07-20

  2002-01-29

partner 

Dipl-Ing.Dr. Harald Holzgruber 

  1998-01-13

  2002-01-29

partner 

Dipl-Ing.Dr. Wolfgang Holzgruber 

 

Former shareholdings:

From

To

Name

   

 

NEXUS Handelsgesellschaft m.b.H. 

  1999-08-27

  2002-01-29

SYSTEMTECHNIK Meß- und Regelgeräte Gesellschaft m.b.H. 

  1994-01-18

  2002-09-21

KAMAS Maschinen- und Stahlbau Gesellschaft m.b.H. 

  1994-02-01

  2004-12-29

TECTRADE Handelsgesellschaft m.b.H. 

  2003-04-30

  2006-02-09

INTECO Holding GmbH 

  2005-01-05

  2005-01-13

Sonderstahlwerk Breitenfeld GmbH & Co KG 

 

Mergers:

Date

Function

Name

  2007-11-14

merged with 

SYSTEMTECHNIK Meß- und Regelgeräte Gesellschaft m.b.H. 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.58

UK Pound

1

Rs.87.14

Euro

1

Rs.69.73

 

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%)

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.