|
Report Date : |
22.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
WATERS GESELLSCHAFT M.B.H. |
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|
|
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Registered Office : |
Hietzinger Hauptstraße 145, A-1130 Wien |
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Country : |
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|
|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
05.08.1994 |
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|
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail trade; repair of motor vehicles |
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No. of Employees : |
29 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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Austria |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
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Last up-date: |
2012-11-21 |
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Company name: |
Waters Gesellschaft m.b.H. |
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Status: |
active company |
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Locations: |
Hietzinger Hauptstraße 145, A-1130 Wien |
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Phone: |
0043 (1) 8771807 |
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Fax: |
0043 (1) 8771808 |
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E-mail: |
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Internet: |
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Activities: |
Önace 46520 100% Wholesale of electronic and telecommunications
equipment and parts |
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|
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General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel
II): |
0,11% 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: |
Merchandise is mainly imported. Domestic obligations and
invoices of forwarders are settled within net agreements. |
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Financial situation is satisfactory. |
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Year of incorporation: |
1994 |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability company since 1994-07-18 |
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companies' house number: |
FN 110394 w Wien 1994-08-05 |
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Activities: |
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ARA-number: |
7657 |
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VAT number: |
ATU 15050405 |
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number - Austrian National Bank: |
2305186 |
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Import |
Country |
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Import |
Ireland |
|
2012 |
|
||
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Import |
Netherlands |
|
2012 |
|
||
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Import |
Great Britain and Northern Ireland / United Kingdom |
|
2012 |
|
||
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Import |
USA |
|
2012 |
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Export |
Country |
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|
Export |
India |
|
2012 |
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Export |
Eastern Europe |
|
2012 |
|
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Export |
Middle East |
|
2012 |
|
|
total turnover (total sales) |
2011 |
EUR 102.976.197,55 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 91.405.516,45 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 69.672.717,63 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 78.901.499,41 |
(exact) |
|
total turnover (total sales) |
2007 |
EUR 77.328.035,83 |
(exact) |
|
total employees |
2012 |
29 |
(approx.) |
|
white collar workers |
2012 |
29 |
(approx.) |
|
total stock |
2011 |
EUR 200.000,00 |
(average) |
|
firm
(style): |
|
1
Waters Gesellschaft m.b.H. |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Wien |
|
business
adress: |
|
1
Hietzinger Hauptstraße 145 |
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capital: |
|
1
ATS 500.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
31
zum 31.12.2011 eingereicht am 04.07.2012 |
|
power
of representation: |
|
1
Die Generalversammlung bestimmt, wenn mehrere Geschäfts- |
|
proxy: |
|
I
Eugene Burns, geb. 21.05.1963 |
|
managing
director: |
|
J
Ing. Herbert Ottner, geb. 17.10.1964 |
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shareholder: |
|
B
Waters Technologies Corporation |
|
general
table: |
|
Handelsgericht Wien |
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Real
estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Michael Cornelius Harrington |
1960-10-09 |
78380 Bougival Pavillon Chemin de Halage B15 |
manager |
0 |
|
Ing. Herbert Ottner |
1964-10-17 |
2380 Perchtoldsdorf Franz Lehargasse 6 |
manager |
0 |
|
Eugene Burns |
1963-05-21 |
3021 Preßbaum Piettegasse 26 |
individual signing clerk, head of accounting, head of EDP, head of personnel |
1 |
|
Andrea Hofmann |
|
1130 Wien Hietzinger Hauptstraße 145(c/o) |
head of marketing |
0 |
|
Dr. Ulrich Hans Kuffner |
|
1130 Wien Hietzinger Hauptstraße 145(c/o) |
technical director |
0 |
(absolute) all amounts in
EUR
|
|
2011-12-31 |
|
Land with buildings (building value) |
84.843,00 |
|
Other operating and business equipment |
78.657,66 |
|
Sum tangible assets |
163.500,66 |
|
Shares on related firms |
28.254,82 |
|
Sum financial assets |
28.254,82 |
|
Sum fixed assets |
191.755,48 |
|
Finished products |
1.322.205,17 |
|
Sum stock |
1.322.205,17 |
|
Claims from delivered goods and performed services |
17.647.752,68 |
|
Claims against related firmes Claims against companies
with shareholding relationship |
101.175,48 |
|
Special account claims |
109.131,98 |
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Sum claims |
17.858.060,14 |
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Cash on hand, cheques and bank deposits |
745.207,95 |
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Sum cash and bank |
745.207,95 |
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Sum current assets |
19.925.473,26 |
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Deferred charges |
20.385,66 |
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Sum deferred charges |
20.385,66 |
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Assets |
20.137.614,40 |
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Subscribed/declared capital |
36.336,42 |
|
Not committed capital reserves |
499.553,06 |
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Balance sheet profit/balance sheet loss |
3.016.251,08 |
|
Thereof profit/loss carried forward |
2.222.879,65 |
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Sum equity capital |
3.552.140,56 |
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Reservesfor severance pays |
392.907,00 |
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Other reserves |
1.414.958,50 |
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Sum reserves |
1.807.865,50 |
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Received advanced payments for orders |
375.475,48 |
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Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
1.373.120,70 |
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Liabilities against related firms |
10.947.446,32 |
|
Other liabilities |
192.164,12 |
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Sum liabilities |
12.888.206,62 |
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Deferred income |
1.889.401,72 |
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Sum deferred income |
1.889.401,72 |
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Liabilities |
20.137.614,40 |
|
Balance sheet sum |
20.137.614,40 |
(absolute) all amounts in
EUR
|
|
2011-12-31 |
|
Gross sales |
102.976.197,55 |
|
Sum turnover or sum gross profit |
102.976.197,55 |
|
Other operating profits |
6.204.641,84 |
|
Other operating profits totally |
6.204.641,84 |
|
Special account material costs |
-88.779.901,28 |
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Costs for obtained services totally |
-88.779.901,28 |
|
Salaries |
-2.438.153,61 |
|
Costs for severance pays |
-103.513,00 |
|
Costs for old age pension |
-60.000,00 |
|
Legal fringe benefits and other payments depending on
salaries |
-531.846,86 |
|
Other social fringe benefits |
-146.313,92 |
|
Personnel expenses totally |
-3.279.827,39 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-80.708,51 |
|
Depreciation tangible assets / intangible assets
totally |
-80.708,51 |
|
Different operating costs |
-15.777.182,95 |
|
Other taxes |
-252.097,68 |
|
Other operating costs totally |
-16.029.280,63 |
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Operating result totally |
1.011.121,58 |
|
Interest income, securties income and similar income |
2.369,06 |
|
Disbursements from other financial assets and from securities
of current assets (e.g. depreciations) |
-8.868,65 |
|
Financial profits totally |
-6.499,59 |
|
Results from usual business activity
totally |
1.004.621,99 |
|
Taxes on income and profits |
-211.250,56 |
|
Taxes on income and profits totally |
-211.250,56 |
|
Annual surplus/annual deficit
totally |
793.371,43 |
|
Annual profit/annual loss
totally |
793.371,43 |
|
Profit and loss carried forward from previous year |
2.222.879,65 |
|
Transfer of profits totally |
2.222.879,65 |
|
B/S profit/ B/S loss from profit and
loss account |
3.016.251,08 |
|
|
2011 |
|
Cash flow II |
874.079,94 |
|
Debt amortisation period |
15,53 |
|
Bank indebtedness |
0,00 |
|
Equity capital share |
17,97 |
|
Social capital share |
1,95 |
|
Fixed assets coverage |
2.057,33 |
|
Net profit ratio |
0,97 |
|
Capital turnover |
5,11 |
|
Return on investment |
4,98 |
|
Cash flow in % of operating performance |
0,84 |
|
Cash flow I |
1.085.330,50 |
|
Gross productivity |
31,39 |
|
Net productivity |
4,32 |
|
Operating performance |
102.976.197,55 |
|
Inventories in % of operating performance |
1,28 |
|
Gross profit |
14.196.296,27 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered office, rented
premises |
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|
|
|
operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered headquarters,
rented premises |
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Company name |
Postal code |
Stake in % |
|
|
|
Shares in this company are
held by: |
||||
|
Waters Corporation |
34 Maple Street , 01757 Milford, Massachusetts, USA |
100 % 1994-08-17 |
|
|
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Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
main bank connection |
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The Royal Bank of Scotland N.V., 1011 Wien |
19985 |
secondary banking connection |
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
secondary banking connection |
|
Year of incorporation: |
1994 |
|
Date of registration: |
1994-08-05 |
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Former executives: |
|||
|
From |
To |
Function |
Name |
|
2003-08-15 |
2004-05-07 |
manager |
Eugene Burns |
|
1998-05-07 |
2004-05-07 |
manager |
Dr. Hartmut Rabich |
|
2004-05-07 |
2006-12-06 |
manager |
Richard Henry Payne |
|
2002-01-10 |
2008-01-22 |
manager |
John Alden Ornell |
|
1998-10-22 |
2003-08-15 |
individual signing clerk |
Eugene Burns |
|
1998-10-22 |
2004-05-07 |
individual signing clerk |
Ing. Herbert Ottner |
|
|
1998-05-07 |
manager |
Richard Henry Payne |
|
|
1998-10-22 |
manager |
Ing.Mag. Stefan Neubauer |
|
|
2002-01-10 |
manager |
Philip Taymor |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.20 |
|
UK Pound |
1 |
Rs.87.79 |
|
Euro |
1 |
Rs.70.43 |
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.