MIRA INFORM REPORT

 

 

Report Date :

10.11.2012

 

IDENTIFICATION DETAILS

 

Name :

JOSEF ROGNER LEDERWARENERZEUGUNG GESELLSCHAFT M.B.H.

 

 

Registered Office :

 

Haydngasse 9, 1060 Wien

 

 

 

 

Country :

Austria

 

 

 

 

Financials (as on) :

31.12.2010

 

 

 

 

Date of Incorporation :

1931

 

 

 

 

Legal Form :

limited liability company since 1975-07-02

 

 

 

 

Line of Business :

Wholesale and retail trade; repair of motor vehicles

 

 

 

 

No. of Employees :

08

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct

 

 

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 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

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


Company Name AND ADDRESS

 

JOSEF ROGNER LEDERWARENERZEUGUNG GESELLSCHAFT M.B.H.

Haydngasse 9, 1060 Wien

 

 

Basic company information

 

Last up-date:

2012-11-08

Company name:

JOSEF ROGNER LEDERWARENERZEUGUNG GESELLSCHAFT M.B.H.

Status:

active company

Locations:

Haydngasse 9,A-1060Wien

Phone:

0043 (1) 5970320

Fax:

0043 (1) 5962623

E-mail:

j-rogner@aon.at

Internet:

http://www.rognercreation.at

Activities:

Onace 46499 50% Wholesale of other household goods n.e.c.

Onace 15120 50% Manufacture of luggage, handbags and the like, saddlery and harness

 

Model: CompanyScore

Probability of Default (Basel II):

1,98%

Medium high risk

comparison:

This company is worse than industry average.

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.

Detail Assessment:

Payment

 

As a rule payments are made on time according to conditions, in some cases there have been delays and reminders.

 

Assessment

 

Overall financial situation is still average.

 

 

Additional company information

 

Year of incorporation:

1931

Type of company:

Wholesale and retail trade; repair of motor vehicles

Legal form:

limited liability company since 1975-07-02

companies' house number:

FN 113631 f Wien 1975-07-22

 

Activities:

ARA-number: 524

VAT number:   ATU 14874402

number - Austrian National 37346

Bank:

 

Import

Country

 

 

 

Import

China

 

2012

 

Import

India

 

2012

 

 

 

Export

Country

 

 

 

Export

Germany

 

2012

 

Export

Hungary

 

2012

 

Export

France

 

2012

 

Export

Italy

 

2012

 

Export

Japan

 

2012

 

Export

Rumania

 

2012

 

Export

Russian Federation

 

2012

 

Export

Switzerland

 

2012

 

 

 

Financial data

 

total turnover (total sales)

2011

EUR 1.400.000,00

(approx.)

total turnover (total sales)

2010

EUR 1.400.000,00

(approx.)

total turnover (total sales)

2009

EUR 1.400.000,00

(exact)

total turnover (total sales)

2008

EUR 1.800.000,00

(approx.)

total turnover (total sales)

2007

EUR 1.200.000,00

(approx.)

total employees

2012

8

(exact)

white collar workers

2012

6

(exact)

blue collar workers

2012

2

(exact)

total company vehicles

2012

2

(exact)

self-financed vehicles

2012

2

(exact)

 

 

Extraxt from the Companies' House

 

firm (style):

1

Josef Rogner Lederwarenerzeugung Gesellschaft m.b.H.

legal form:

1

Gesellschaft mit beschrankter Haftung

registered office:

1

politischer Gemeinde Wien

 

business address:

1

Haydng. 9

 

 

 

1060 Wien

 

 

capital:

13

EUR 3 7.000

 

 

reference date annual accounts:

1

31. Dezember

 

 

annual accounts:

18

zum 31.12.2010 eingereicht am 28.09.2011

 

 

power of representation:

1

Jeder Geschaftsfuhrer vertritt selbstandig.

 

 

1

Gesellschaftsvertrag   vom 02.07.1975

 

001

1

Generalversammlungsbeschluss    vom 25.09.1975

 

002

 

Kapitalerhohung um ATS 4.100.000,-.

 

 

 

Anderung des Gesellschaftsvertrages im Punkt V.

 

 

11

Gesellschaftsvertrag mit Generalversammlungsbeschluss

 

003

 

vom 08.08.2006

 

 

 

gemaS 1.  Euro-JuBeG angepasst.

 

 

11

Generalversammlungsbeschluss    vom 08.08.2006

 

004

 

Anderung des Gesellschaftsvertrages in den Punkten V.,

VI.

 

 

und XVI.

 

 

11

Generalversammlungsbeschluss    vom 08.08.2006

 

005

 

Kapitalherabsetzung um EUR 268.225,   90    auf EUR 37.000,00

 

 

beabsichtigt.

 

 

13

Generalversammlungsbeschluss    vom 08.08.2006

 

006

 

Kapitalherabsetzung um EUR     268.225,90 durchgefuhrt.

 

 

 

Anderung des Gesellschaftsvertrages im Punkt V.

 

 

managing director:

 

B     Josef Rogner,  geb. 30.12.1968

 

 

9

vertritt seit 23.11.2004 selbstandig

 

 

shareholder:

 

A     Josef Rogner,  geb. 30.04.1941

 

 

13

..........................................  EUR 3 7.000

 

 

13

 

EUR 3 7.000

 

 

Summen:                        EUR 37.000

EUR 3 7.000

--

 

General table:

 

Handelsgericht Wien

 

 

 

 

1

Ersterfassung abgeschlossen am 20.08.1994 Geschaftsfall Ersterfassung gem. Art. XXIII Abs.  4 FBG

922

Fr

2634/94

d

9

eingetragen am 24.11.2004 Geschaftsfall Antrag auf Anderung    eingelangt am 16.11.2004

73

Fr

14114/04

z

11

eingetragen am 24.08.2006 Geschaftsfall Antrag auf Anderung    eingelangt am 11.08.2006

73

Fr

9071/06

a

13

eingetragen am 24.01.2007 Geschaftsfall Antrag auf Anderung    eingelangt am 01.12.2006

74

Fr

10588/06

p

18

eingetragen am 07.02.2012 Geschaftsfall

75

Fr

18202/11

m

 

Elektronische Einreichung Jahresabschluss eingelangt

am 28.09.2011

 

 

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)

Josef Rogner

1968-12-30

2331 Vbsendorf Klausengasse 24

manager

0

Josef Rogner

1941-04-30

2380 Perchtoldsdorf Goldbiegelgasse 6

partner

0

 

 

Balance Sheet (absolute) all amounts in EUR

 

 

 

2010-12-31

 

 

 

 

Intangible assets

51.333,32

 

 

 

 

Sum intangible assets

51.333,32

 

 

 

 

 

Tangible assets

24.496,29

 

 

 

 

Sum tangible assets

24.496,29

 

 

 

 

 

Financial assets

78.811,80

 

 

 

 

Sum financial assets

78.811,80

 

 

 

 

 

Sum fixed assets

154.641,41

 

 

 

 

 

Stocks

405.486,73

 

 

 

 

Sum stock

405.486,73

 

 

 

 

 

Claims and other assets

183.899,13

 

 

 

 

Sum claims

183.899,13

 

 

 

 

 

Cash on hand, cheques and bank deposits

12.899,99

 

 

 

 

Sum cash and bank

12.899,99

 

 

 

 

 

Sum current assets

602.285,85

 

 

 

 

 

 

 

 

 

 

Assets

756.927,26

 

 

 

 

 

 

Subscribed/declared capital

37.000,00

 

 

 

 

Balance sheet profit/balance sheet loss

-54.580,87

 

 

 

 

Thereof profit/loss carried forward

7.259,45

 

 

 

 

Sum equity capital

-17.580,87

 

 

 

 

Reserves

276.875,57

 

 

 

 

Sum reserves

276.875,57

 

 

 

 

Liabilities

497.632,56

 

 

 

 

Sum liabilities

497.632,56

 

 

 

 

 

Liabilities

756.927,26

 

 

 

 

Balance sheet sum

756.927,26

 

 

 

 

 

 

Key ratios

 

 

 

2010

 

 

 

 

 

Equity capital share

-2,32

 

 

 

 

 

Fixed assets coverage

-11,36

 

 

 

 

 

Locations

 

Type

Locations

Description

 

Phone Fax

E-mail

operational

Haydngasse 9, A-1060Wien

registered office

operational

Haydngasse 9, A-1060Wien

registered headquarters, rented premises

 

0043 1 5970320              0043 1 5962623

j-rogner@aon.at

former

Haydngasse 8, A-1060Wien

branch office

 

related companies:

 

Company name

Postal code

Stake in %

KSV-numb

;r

Shares in this company are held by:

Josef Rogner

Goldbiegelgasse 6, A-2380

Perchtoldsdorf

100 % 1994-08-20

900.006.587

 

 

Bankers:

Banker

Bank sort code

Type of banking connection

UniCredit Bank Austria AG, 1011 Wien

12000

main bank connection

Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien

20111

secondary banking connection

 

Historical development:

 

Year of incorporation:              1931

 

Date of registration:                 1975-07-22

 

Change in share capital:

From

To

Capital

 

2006-08-24

ATS 4.200.000,00

2006-08-24

2007-01-24

EUR 305.225,90

2007-01-24

 

EUR 37.000,00

 

Former executives:

From

To

Function

Name

 

2004-11-24

manager

Josef Rogner

 

Former shareholdings:

From

To

Name

 

 

Franke Gesellschaft m.b.H.

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.34

UK Pound

1

Rs.86.97

Euro

1

Rs.69.43

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.