MIRA INFORM REPORT

 

 

Report Date :

21.11.2012

 

IDENTIFICATION DETAILS

 

Name :

kadro Gmbh

 

 

Registered Office :

Teilenstraße 4 c, A-6890, Lustenau

 

 

Country :

Austria

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

1981

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of Hides, Skins and Leather.

 

 

No. of Employees :

15 (Approximately)

 

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 :

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 – 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

 

KADRO GMBH

Teilenstrabe 4 C, 6890 Lustenau

 

 

Basic company information

 

Last up-date:

2012-11-12

Company name:

KADRO GmbH

Status:

active company

Locations:

Teilenstraße  4 c, A-6890 Lustenau

Phone:

0043 (5577) 84491

Fax:

0043 (5577) 84491 - 4

E-mail:

info@kadro.eu

Internet:

http://www.kadroweb.com

Activities:

Önace 46240 100% Wholesale of hides, skins and leather

 

Model: CompanyScore

Probability of Default

(Basel II):

1,56%

Medium high risk

comparison:

The -Rating of 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:

Payments are made according to conditions. There are no negative experiences at this time.

 

Overall financial situation is still average.

 

 

Additional company information

 

Year of incorporation:

1981

Type of company:

Wholesale and retail trade; repair of motor vehicles

Legal form:

limited liability company since 1981-11-12

Companies' house number:

FN 69142 f Feldkirch 1981-12-14

VAT number:

ATU 66374103

number - Austrian National Bank:

1100467

 

 

Import 

Country 

 

 

 

Import

world-wide

 

2012

 

 

 

 

Export 

Country 

 

 

 

Export

world-wide

 

2012

 

 

 

Financial data

 

total turnover (total sales)

2011

EUR  2.500.000,00

(estimated)

total turnover (total sales)

2010

EUR  2.500.000,00

(estimated)

total employees

2012

15

(approx.)

 

 

Extraxt from the Companies' House

 

firm (style):

   22      KADRO GmbH

legal form:

    1      Gesellschaft mit beschränkter Haftung

registered office:

    1      politischer Gemeinde Lustenau

business adress:

    2      Teilenstraße 4 c
           6890 Lustenau

capital:

   22      EUR 37.000

reference date annual accounts:

    7      30. Juni

annual accounts:

   24      zum 30.06.2011 eingereicht am 29.03.2012

power of representation:

    1      Die Generalversammlung bestimmt, wenn mehrere Geschäfts-
           führer bestellt sind, deren Vertretungsbefugnis.
    1   Gesellschaftsvertrag  vom 12.11.1981                                                 001
    7   Gesellschafterbeschluss  vom 15.02.2001                                           002
          Änderung des Gesellschaftsvertrages im § 3.
   21   Gesellschaftsvertrag mit Generalversammlungsbeschluss                 003
          vom 25.02.2011
          gemäß 1. Euro-JuBeG angepasst.
   21   Generalversammlungsbeschluss  vom 25.03.2011                             004
          Kapitalherabsetzung um EUR 336,42.
          Änderung des Gesellschaftsvertrages in den §§ 4 und 7.
   22   Generalversammlungsbeschluss  vom 25.02.2011                             005
          Kapitalerhöhung um EUR 1.000,--
          Änderung des Gesellschaftsvertrages in den §§ 1 und 4.
   22   Einbringungsvertrag  vom 25.02.2011                                                 006
          Einbringung des Betriebes der
          KADRO Import Großhandel,
          Gerhard Scheffknecht
          Gesellschaft m.b.H. & Co. KG
          (FN 14788 y)

managing director:

         A   Gerhard Scheffknecht, geb. 27.12.1953
    1        vertritt seit 14.12.1981 selbständig

shareholder:

         A   Gerhard Scheffknecht, geb. 27.12.1953
   22        ...........................................  EUR 18.500
   23        .........................................................................    EUR 18.500
         D   Gerd Faber, geb. 29.07.1950
   22        ........................................    EUR 18.500
   23        .........................................................................    EUR 18.500
                          --------------------------------------------------------------------------------
                   Summen:                        EUR 37.000               EUR 37.000

 

General table:

 

 Landesgericht Feldkirch
   1 Ersterfassung abgeschlossen am 21.12.1993  Geschäftsfall 917 Fr   983/93 t
       Ersterfassung gem. Art. XXIII Abs. 4 FBG
   2 eingetragen am 30.07.1994                  Geschäftsfall  15 Fr  2560/94 m
       Antrag auf Änderung  eingelangt am 28.07.1994
   4 eingetragen am 20.02.2001                  Geschäftsfall  15 Fr   819/01 g
       amtswegige Nachbearbeitung
   6 eingetragen am 20.02.2001                  Geschäftsfall  15 Fr   818/01 f
       Antrag auf Änderung  eingelangt am 16.02.2001
   7 eingetragen am 20.02.2001                  Geschäftsfall  15 Fr   820/01 h
       Antrag auf Änderung  eingelangt am 16.02.2001
  21 eingetragen am 07.04.2011                  Geschäftsfall  15 Fr  1872/11 v
       Antrag auf Änderung  eingelangt am 25.03.2011
  22 eingetragen am 08.04.2011                  Geschäftsfall  15 Fr  2050/11 f
       Antrag auf Änderung  eingelangt am 25.03.2011
  23 eingetragen am 31.01.2012                  Geschäftsfall  15 Fr   184/12 w
       Antrag auf Änderung  eingelangt am 24.01.2012
  24 eingetragen am 14.04.2012                  Geschäftsfall  15 Fr   760/12 t
       Elektronische Einreichung Jahresabschluss  eingelangt am 29.03.2012

 

 

Private data

 

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

Further executive positions (as registered in the companies' house)

Gerhard Scheffknecht

 

1953-12-27

 

6890 Lustenau Kapellenstraße 33

manager,

partner

 

1

 

Gerd Faber

 

1950-07-29

 

6890 Lustenau Teilenstraße 4C(c/o)

partner

 

1

 

 

 

Balance Sheet  (absolute) all amounts in EUR 

 

 

2011-06-30 

Intangible assets

10,07

Sum intangible assets

10,07

Tangible assets

7.917,91

Sum tangible assets

7.917,91

Sum fixed assets

7.927,98

Stocks

601.164,70

Sum stock

601.164,70

Claims and other assets

475.817,25

Sum claims

475.817,25

Cash on hand, cheques and bank deposits

8.553,19

Sum cash and bank

8.553,19

Sum current assets

1.085.535,14

Deferred charges

548,00

Sum deferred charges

548,00

Assets

1.094.011,12

Subscribed/declared capital

37.000,00

Shares outstanding, not claimed

-18.000,00

Profit reserves

16.360,95

Balance sheet profit/balance sheet loss

-46.777,12

Thereof profit/loss carried forward

121.756,90

Sum equity capital

-11.416,17

Reserves

80.244,03

Sum reserves

80.244,03

Liabilities

1.025.183,26

Sum liabilities

1.025.183,26

Liabilities

1.094.011,12

Balance sheet sum

1.094.011,12

 

 


Key ratios

 

 

2011  

Equity capital share

  -1,04

Fixed assets coverage

  -143,99

 

 

Locations

 

Type

Locations

Description

 

 

E-mail

operational 

Teilenstraße  4 c, A-6890 Lustenau

registered office

 

 

 

operational 

Teilenstraße  4 c, A-6890 Lustenau

registered headquarters, rented premises

 

 

info@kadro.eu

former 

Reichsstraße  35, A-6890 Lustenau

registered headquarters

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

 

Companies House

 

Shares in this company are held by:

Gerhard Scheffknecht

 

Kapellenstraße  33, A-6890 Lustenau

50 % 1993-12-21

 

900.115.816

 

 

Gerd Faber

 

Teilenstraße  4C, A-6890 Lustenau

50 % 2001-02-20

 

912.295.720

 

 

 

Affiliated companies and further participations:

KADRO Vermögensverwaltung GmbH & Co KG

Teilenstraße  4C, A-6890 Lustenau

1992-03-25

 

9.082

 

FN 14788 y

 

 

 

Bankers

 

Banker

Bank sort code

Type of banking connection

VOLKSBANK VORARLBERG e. Gen., 6830 Rankweil

 

45710

 

main bank connection

 

UniCredit Bank Austria AG, 1011 Wien

 

11000

 

secondary banking connection

 

 

 

Historical development

 

Year of incorporation:

1981

Date of registration:

1981-12-14

 

 

Change of company name:

From

To

Company name

   

  2011-04-08

Gerhard Scheffknecht Gesellschaft m.b.H. 

  2011-04-08

   

KADRO GmbH 

 

Change in share capital:

From

To

Capital

   

  2011-04-07

ATS  500.000,00

  2011-04-07

  2011-04-08

EUR  36.000,00

  2011-04-08

   

EUR  37.000,00

 

Former shareholders:

From

To

Function

Name

  1989-01-01

  2001-02-20

partner 

Astrid Faber Mang 

  1993-12-21

  2011-03-31

partner 

Ruth Scheffknecht 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.91

UK Pound

1

Rs.87.38

Euro

1

Rs.70.24

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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.