MIRA INFORM REPORT

Report Date :

03.11.2012

IDENTIFICATION DETAILS

Name :	GEBAUER & GRILLER METALLWERK GMBH
Formerly Known As :	Griller Beteiligungs- gesellschaft m.b.H.
Registered Office :	Muthgasse  36, A-1190 Wien
Country :	Austria
Financials (as on) :	31.03.2011
Date of Incorporation :	10.03.1983
Legal Form :	Limited Liability Company
Line of Business :	Manufacturer of wiring devices
No. of Employees :	200 employees

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 :	Good
Payment Behaviour :	Regular
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
Austria	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

austria - ECONOMIC OVERVIEW

Austria, with its well-developed market economy, skilled labor force, and high standard of living, is closely tied to other EU economies, especially Germany's. Its economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. Following several years of solid foreign demand for Austrian exports and record employment growth, the international financial crisis of 2008 and subsequent global economic downturn led to a sharp but brief recession. Austrian GDP contracted 3.9% in 2009 but saw positive growth of about 2% in 2010 and 3% in 2011. Unemployment did not rise as steeply in Austria as elsewhere in Europe, partly because the government subsidized reduced working hour schemes to allow companies to retain employees. Stabilization measures, stimulus spending, and an income tax reform pushed the budget deficit to 4.7% in 2010 and 3.6% in 2011, from only about 1.3% in 2008. The international financial crisis of 2008 caused difficulties for Austria''s largest banks whose extensive operations in central, eastern, and southeastern Europe faced large losses. The government provided bank support - including in some instances, nationalization - to support aggregate demand and stabilize the banking system. Austria''s fiscal position compares favorably with other euro-zone countries, but it faces considerable external risks, such as Austrian banks'' continued high exposure to central and eastern Europe as well as political and economic uncertainties caused by the European sovereign debt crisis. In 2011 the government attempted to pass a constitutional amendment limiting public debt to 60% of GDP by 2020, but it was unable to obtain sufficient support in parliament and instead passed the measure as a simple law. In March 2012, the Austrian parliament approved an austerity budget that will bring public finances into balance by 2016.

Source : CIA

Basic company information

Last up-date:	2012-10-31
Company name:	Gebauer & Griller Metallwerk GmbH
Status:	active company
Locations:	Muthgasse  36, A-1190 Wien
Phone:	0043 (1) 36020
Fax:	0043 (1) 3695014 - 1223
E-mail:	ggwien@griller.at
Internet:	http://www.griller.at
Activities:	Önace 27330 60% Manufacture of wiring devices
	Önace 25930 40% Manufacture of wire products, chain and springs
General Assessment:	Model: CompanyScore
Probability of Default (Basel II):	0,09% 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:	Payment 200 Payments are sometimes made using cash discounts or according to conditions.
	Assessment 200 Financial situation is good.

Additional company information

Year of incorporation:	1983
Type of company:	Manufacturing
Legal form:	limited liability company since 1982-06-29
companies' house number:	FN 91317 s Wien 1983-03-10
Activities:
VAT number:	ATU 50358107
number - Austrian National Bank:	166111
Import		Country
Import		European Union	2012

Export	Country
Export	world-wide	2012

Financial data

total turnover (total sales)	2011	EUR  90.000.000,00	(estimated)
total turnover (total sales)	2010	EUR  91.504.653,26	(exact)
total turnover (total sales)	2009	EUR  58.148.979,63	(exact)
total turnover (total sales)	2008	EUR  84.168.322,80	(exact)
total turnover (total sales)	2007	EUR  121.633.000,00	(approx.)
total employees	2012	200	(approx.)

Extraxt from the Companies' House

firm (style):

4 Gebauer & Griller Metallwerk GmbH

legal form:

1 Gesellschaft mit beschränkter Haftung

registered office:

1 politischer Gemeinde Wien

business adress:

7 Muthgasse 36
1190 Wien

capital:

21 EUR 37.000

reference date annual accounts:

1 31. März

annual accounts:

30 zum 31.03.2011 eingereicht am 20.12.2011

power of representation:

1 Die Gesellschaft wird, wenn mehrere Geschäftsführer
bestellt sind, durch zwei Geschäftsführer gemeinsam oder
durch einen von ihnen gemeinsam mit einem Prokuristen
vertreten.
Die Generalversammlung kann, auch wenn mehrere Geschäfts-
führer bestellt sind, einzelnen von ihnen selbständige
Vertretungsbefugnis erteilen.
1 Gesellschaftsvertrag vom 29.06.1982 001
4 Generalversammlungsbeschluss vom 30.11.2000 002
Änderung des Gesellschaftsvertrages in den Punkten
I. und II.
4 Einbringungsvertrag vom 30.11.2000 003
Einbringung des Betriebes der
Gebauer & Griller
(FN 8103 t)
und zwar: Metallwerk
15 Gesellschaftsvertrag mit Generalversammlungsbeschluss 004
vom 02.04.2009
gemäß 1. Euro-JuBeG angepasst.
15 Generalversammlungsbeschluss vom 02.04.2009 005
Neufassung des Gesellschaftsvertrages.
21 Generalversammlungsbeschluss vom 02.04.2009 006
Kapitalerhöhung um EUR 663,57.
Änderung des Gesellschaftsvertrages im Punkt 5.

proxy:

S Dipl.-Ing. Dr. Ewald Koppensteiner, geb. 02.04.1967
10 vertritt seit 02.05.2006 gemeinsam mit
einem Geschäftsführer oder einem weiteren
Gesamtprokuristen
wobei die Vertretungsbefugnis beschränkt ist auf
die Zweigniederlassung 001.
V Ing. Christian Kainz, geb. 18.03.1966
26 vertritt seit 09.04.2010 gemeinsam mit
einem Geschäftsführer oder einem
weiteren Gesamtprokuristen

managing director:

C Mag Friederike Jacquelin, geb. 02.03.1954
1 vertritt seit 11.07.1985 selbständig
Q Ing. Rudolf Schrayvogel, geb. 09.03.1959
10 vertritt seit 02.05.2006 gemeinsam mit
einem weiteren Geschäftsführer oder einem Gesamtprokuristen
T Mag. Eva Schinkinger, geb. 21.08.1968
31 vertritt seit 18.09.2012 gemeinsam mit
einem weiteren Geschäftsführer oder einem Prokuristen

shareholder:

B Dkfm Gerhard Griller, geb. 17.12.1941
21 ..................... EUR 362,60
21 ................................................ EUR 362,60
C Mag Friederike Jacquelin, geb. 02.03.1954
21 ..................... EUR 362,60
21 ................................................ EUR 362,60
D Dr Karl Stefan Griller, geb. 15.06.1956
21 ..................... EUR 362,60
21 ................................................ EUR 362,60
E Dr Geiserich Tichy, geb. 25.02.1934
21 ...................... EUR 3.700
21 ................................................. EUR 3.700
F Alexander Tichy, geb. 24.06.1968
21 ...................... EUR 1.850
21 ................................................. EUR 1.850
G Mag.Mag.Dr Maximilian Tichy, geb. 09.11.1970
21 ...................... EUR 1.850
21 ................................................. EUR 1.850
H Mag. Thomas Messner, geb. 03.07.1956
21 ..................... EUR 362,60
21 ................................................ EUR 362,60
I Rafaela Neumayer, geb. 18.06.1960
21 ...................... EUR 3.700
21 ................................................. EUR 3.700
K MAVENI Privatstiftung
21 ................... EUR 7.037,40
21 .............................................. EUR 7.037,40
L CHRIDO Privatstiftung
21 ................... EUR 7.037,40
21 .............................................. EUR 7.037,40
M Stefan Griller Privatstiftung
21 ................... EUR 7.037,40
21 .............................................. EUR 7.037,40
N IXORA Privatstiftung
21 ................... EUR 3.337,40
21 .............................................. EUR 3.337,40
------------------------------------------------------
Summen: EUR 37.000 EUR 37.000

general table:

Handelsgericht Wien
1 Ersterfassung abgeschlossen am 19.04.1994 Geschäftsfall 919 Fr 922/94 p
Ersterfassung gem. Art. XXIII Abs. 4 FBG
3 eingetragen am 30.11.2000 Geschäftsfall 72 Fr 15058/00 w
Antrag auf Änderung eingelangt am 27.11.2000
4 eingetragen am 16.12.2000 Geschäftsfall 72 Fr 15370/00 d
Antrag auf Änderung eingelangt am 05.12.2000
5 eingetragen am 03.01.2001 Geschäftsfall 72 Fr 16105/00 i
Antrag auf Änderung eingelangt am 22.12.2000
6 eingetragen am 15.02.2001 Geschäftsfall 72 Fr 2051/01 a
Antrag auf Änderung eingelangt am 08.02.2001
7 eingetragen am 14.06.2002 Geschäftsfall 72 Fr 6696/02 s
Antrag auf Änderung eingelangt am 12.06.2002
8 eingetragen am 20.11.2004 Geschäftsfall 72 Fr 13779/04 z
Antrag auf Änderung eingelangt am 16.11.2004
9 eingetragen am 23.06.2005 Geschäftsfall 72 Fr 6785/05 y
Antrag auf Änderung eingelangt am 17.06.2005
10 eingetragen am 17.05.2006 Geschäftsfall 72 Fr 5675/06 z
Antrag auf Änderung eingelangt am 12.05.2006
11 eingetragen am 23.02.2007 Geschäftsfall 72 Fr 1591/07 b
Antrag auf Änderung eingelangt am 02.02.2007
15 eingetragen am 08.05.2009 Geschäftsfall 72 Fr 4487/09 d
Antrag auf Änderung eingelangt am 14.04.2009
21 eingetragen am 28.05.2009 Geschäftsfall 72 Fr 6594/09 b
Antrag auf Änderung eingelangt am 14.04.2009
25 eingetragen am 20.11.2009 Geschäftsfall 72 Fr 15676/09 h
Antrag auf Änderung eingelangt am 18.11.2009
26 eingetragen am 23.04.2010 Geschäftsfall 72 Fr 5072/10 y
Antrag auf Änderung eingelangt am 15.04.2010
30 eingetragen am 13.01.2012 Geschäftsfall 72 Fr 23491/11 v
Einreichung Jahresabschluss eingelangt am 20.12.2011
31 eingetragen am 03.10.2012 Geschäftsfall 72 Fr 12217/12 y
Antrag auf Änderung eingelangt am 26.09.2012

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)
Mag.  Friederike Jacquelin	1954-03-02	1190 Wien Kahlenbergerstraße 88	manager, partner	11
Mag.  Eva Schinkinger	1968-08-21	1190 Wien Muthgasse 36 c/o	manager, head of accounting	1
Ing.  Rudolf Schrayvogel	1959-03-09	1190 Wien Muthgasse 36 (c/o)	manager, head of sales, head of marketing	0
Dkfm.  Gerhard Griller	1941-12-17	1190 Wien Kaasgrabengasse 39	partner	9
Dr.  Karl Stefan Griller	1956-06-15	1190 Wien Hungerbergstraße 11-13	partner	7
Mag.  Thomas Messner	1956-07-03	3400 Klosterneuburg Baboagasse 32	partner	11
Rafaela Neumayer	1960-06-18	1180 Wien Sommerhaidenweg 53	partner	6
MMag.Dr.  Maximilian Tichy	1970-11-09	1190 Wien Seileräckergasse 28	partner	7
Mag.  Alexander Tichy	1968-06-24	1010 Wien Am Hof 5	partner	6
Dkfm.Dr.  Geiserich Eduard Tichy	1934-02-25	1190 Wien Steinfeldgasse 4	partner	8
Ing.  Christian Kainz	1966-03-18	1190 Wien Muthgasse 36(c/o)	joint signing clerk	1
Dipl-Ing.Dr.  Ewald Koppensteiner	1967-04-02	1190 Wien Muthgasse 36 c/o	joint signing clerk	0
Christian Kainz		1190 Wien Muthgasse 36(c/o)	head of purchasing	0
Mag.  Eva Schinkinger		1190 Wien Muthgasse 34(c/o)	head of personnel	0

Balance Sheet 

(absolute) all amounts in EUR 

	2011-03-31
Land and leasehold rights with buildings thereon including building on land owned by third parties	398.366,00
Other operating and business equipment	529.434,63
Technical plants and machines	5.222.753,00
Advanced payments and constructions in progress	406.819,18
Sum tangible assets	6.557.372,81
Other shareholdings	58.138,40
Other financial assets, values and securities of fixed assets	233.000,00
Sum financial assets	291.138,40
Sum fixed assets	6.848.511,21
Raw-, auxiliary materials and supplies	3.153.566,25
Unfinished products	7.940.186,15
Finished products	1.756.570,27
Sum stock	12.850.322,67
Claims from delivered goods and performed services	3.780.961,85
Claims against related firmes Claims against companies with shareholding relationship	386.003,89
Other claims and assets	1.876.567,52
Sum claims	6.043.533,26
Cash on hand, cheques and bank deposits	5.519.040,61
Sum cash and bank	5.519.040,61
Sum current assets	24.412.896,54
Deferred charges	242.526,04
Sum deferred charges	242.526,04
Assets	31.503.933,79
Subscribed/declared capital	37.000,00
Legal reserves	3.700,00
Free reserves	566.163,45
Balance sheet profit/balance sheet loss	17.990.502,97
Thereof profit/loss carried forward	16.384.330,31
Sum equity capital	18.597.366,42
Valuation reserves and other reserves before taxes	671.183,49
Sum reserves before taxes	671.183,49
Reservesfor severance pays	1.356.789,06
Reserves for pensions	510.421,00
Tax reserves	910.500,00
Other reserves	2.155.613,98
Sum reserves	4.933.324,04
Liabilities against credit institutes	1.343.832,00
Liabilities from delivered goods and performed services from the acceptance of drafts and emission of promissory notes	5.385.796,73
Other liabilities	572.431,11
Sum liabilities	7.302.059,84
Liabilities	31.503.933,79
Balance sheet sum	31.503.933,79

P / L Account 

(absolute) all amounts in EUR 

	2011-03-31
Gross sales	91.504.653,26
Increase or decrease in finished and unfinished goods and in service claims	3.094.994,66
Sum turnover or sum gross profit	94.599.647,92
Profits from retirement of fixed assets, except financial assets	16.500,00
Income from dissolution of reserves	131.917,50
Other operating profits	272.895,65
Other operating profits totally	421.313,15
Costs for obtained services	-3.570.560,21
Special account material costs	-70.360.735,24
Costs for obtained services totally	-73.931.295,45
Wages	-4.156.235,72
Salaries	-2.264.811,06
Costs for severance pays	-378.626,64
Costs for old age pension	-52.560,64
Legal fringe benefits and other payments depending on salaries	-1.742.430,82
Other social fringe benefits	-37.276,25
Personnel expenses totally	-8.631.941,13
Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation	-1.318.657,20
Depreciation tangible assets / intangible assets totally	-1.318.657,20
Different operating costs	-7.818.350,41
Other taxes	-2.039,69
Other operating costs totally	-7.820.390,10
Operating result totally	3.318.677,19
Profits from shareholdings	636,86
Interest income, securties income and similar income	19.453,77
Interest and similar disbursements	-245.719,72
Financial profits totally	-225.629,09
Results from usual business activity totally	3.093.048,10
Taxes on income and profits	-639.137,73
Taxes on income and profits totally	-639.137,73
Annual surplus/annual deficit totally	2.453.910,37
Dissolution reserves before taxes	7.132,78
Transfer to reserves before taxes	-354.870,49
Reserves movements totally	-347.737,71
Annual profit/annual loss totally	2.106.172,66
Profit and loss carried forward from previous year	16.384.330,31
Transfer of profit/overcounting of losses from ontract of profit transfer	-500.000,00
Transfer of profits totally	15.884.330,31
B/S profit/ B/S loss from profit and loss account	17.990.502,97

Key ratios

	2011
Cash flow II	3.772.567,57
Debt amortisation period	1,78
Bank indebtedness	4,26
Equity capital share	61,16
Social capital share	5,92
Fixed assets coverage	308,61
Net profit ratio	3,26
Capital turnover	3,00
Return on investment	10,59
Cash flow in % of operating performance	3,98
Cash flow I	4.411.705,30
Gross productivity	10,95
Net productivity	2,39
Operating performance	94.599.647,92
Inventories in % of operating performance	13,58
Gross profit	20.668.352,47

Locations

Type	Locations	Description
		E-mail
operational	Muthgasse  36, A-1190 Wien	registered office
operational	Auwiesenstraße  2, A-4030 Linz	registered branch office
operational	Muthgasse  36, A-1190 Wien	registered headquarters, rented premises
		ggwien@griller.at
operational	Auwiesenstraße  3, A-4030 Linz	branch office, rented premises
former	Dauphinestraße  13a, A-4020 Linz	registered branch office
former	Muthgasse  34, A-1190 Wien	registered headquarters
former	Dauphinestraße  13a, A-4020 Linz	branch office
former	Dauphinestraße  11-13, A-4020 Linz	secondary branch

related companies

Company name	Postal code	Stake in %	Companies House
Shares in this company are held by:
MAVENI Privatstiftung	Muthgasse  36, A-1190 Wien	19.02 % 2001-01-03	FN 202624 b
CHRIDO Privatstiftung	Muthgasse  36, A-1190 Wien	19.02 % 2001-01-03	FN 202458 h
Stefan Griller Privatstiftung	Hungerbergstraße  11-13, A-1190 Wien	19.02 % 2001-01-03	FN 202480 s
Dkfm.Dr. Geiserich Eduard Tichy	Steinfeldgasse  4, A-1190 Wien	10 % 1994-04-19
Rafaela Neumayer	Sommerhaidenweg  53, A-1180 Wien	10 % 2000-11-30
IXORA Privatstiftung	Grinzinger Allee  5/25, A-1190 Wien	9.02 % 2001-01-03	FN 202451 y
Mag. Alexander Tichy	Am Hof  5/13, A-1010 Wien	5 % 1994-04-19
MMag.Dr. Maximilian Tichy	Seileräckergasse  28/10, A-1190 Wien	5 % 1994-04-19
Mag. Thomas Messner	Baboagasse  32, A-3400 Klosterneuburg	0.98 % 2000-11-30
Dkfm. Gerhard Griller	Kaasgrabengasse  39, A-1190 Wien	0.98 % 1994-04-19
Mag. Friederike Jacquelin	Kahlenbergerstraße  88, A-1190 Wien	0.98 % 1994-04-19
Dr. Karl Stefan Griller	Hungerbergstraße  11-13, A-1190 Wien	0.98 % 1994-04-19
Affiliated companies and further participations:
Gebauer & Griller Kabelwerke Gesellschaft m.b.H.	Muthgasse  36, A-1190 Wien		FN 50725 x
REMESCO HANDELSGESMBH	Grinzinger Allee  5/25, A-1190 Wien		FN 164952 b
Heiligenstadt Immobilien GmbH	Muthgasse  36, A-1190 Wien		FN 216977 i
Gebauer & Griller International GmbH	Muthgasse  36, A-1190 Wien		FN 345185 a
Gebauer & Griller KG	Muthgasse  36, A-1190 Wien	1992-01-27	FN 8103 t

Bankers

Banker	Bank sort code	Type of banking connection
Raiffeisen Bank International AG, 1011 Wien	31000	main bank connection
UniCredit Bank Austria AG, 1011 Wien	12000	secondary banking connection

Historical development

Year of incorporation:	1983
Date of registration:	1983-03-10

Change of company name:
From	To	Company name
	2000-12-18	Griller Beteiligungs- gesellschaft m.b.H.
2000-12-18		Gebauer & Griller Metallwerk GmbH

Change in share capital:
From	To	Capital
	2009-05-08	ATS  500.000,00
2009-05-08	2009-05-28	EUR  36.336,43
2009-05-28		EUR  37.000,00

Former executives:
From	To	Function	Name
	2000-11-30	manager	Erika Griller Messner
	2009-07-29	manager	Dkfm. Gerhard Griller
2009-05-30	2012-10-03	manager	Ing. Karl Fröschl
2001-02-15	2006-05-17	joint signing clerk	Ing. Rudolf Schrayvogel
2001-02-15	2006-05-17	joint signing clerk	Josef Wagner
2001-02-15	2010-04-23	joint signing clerk	Dr. Franz Wrohlich
2001-02-15	2010-12-21	joint signing clerk	Dipl-Ing. Alois Gruber
2004-11-20	2012-10-03	joint signing clerk	Mag. Eva Schinkinger

Former shareholders:
From	To	Function	Name
2000-12-16	2001-02-15	partner	Gebauer & Griller KG
	2000-11-30	partner	Erika Griller Messner

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.66
UK Pound	1	Rs.86.37
Euro	1	Rs.69.24

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.