MIRA INFORM REPORT

 

 

Report Date :

05.10.2012

 

IDENTIFICATION DETAILS

 

Name :

SATHYA VEDHA ENTERPRISES

 

 

Registered Office :

No. 22, West Pondy Road, Valavanur- 605108, Taminadu.

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Year of Establishment :

1997

 

 

Capital Investment/ Paid-up Capital:

Rs.3.500 Millions

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Manufacturer and Exporter of Human Hair

 

 

No. of Employees:

45 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 14000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established partnership concern having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments.

 

The concern can be considered normal for business dealings at usual trade terms and conditions.

 

 

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, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

INFORMATION PARTED BY

 

Name :

Mr. KarthiKeyan

Designation :

Partner

Contact No.:

91-9894252609

Date :

25.09.2012

 

 

 

LOCATIONS

 

Registered Office :

No.22, West Pondy Road, Valavanur – 605108, Tamil Nadu, India.

Tel. No.:

91-4146-231539

Mobile No.:

91-9894252609 (Mr. KarthiKeyan)

Fax No.:

91-4146-231539

E-Mail :

sathyavedahair@gmail.com

Website :

www.sathyaveda.tradeindia.com

www.sathyaveda@gmail.com

Location :

Owned

 

 

Factory 1 :

65, Panchayat Board Street, Valvanur, Pondichery

Location :

Owned

 

 

 

 

PARTNERS

 

Name :

Mr. KarthiKeyan Thangavel Pillai

Designation :

Partner

Date of Birth/Age:

44 Years

 

 

Name :

Mrs. E. Bhuvaneshwari

Designation :

Partner

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Human Hair

 

 

Products :
  • Remy single drawn
  • Virgin Indian Curly
  • Remy Single drawn curly
  • Remy single drawn deep curly
  • Remy single drawn wavy hair
  • Remy single drawn hand tied weft
  • Remy single drawn machine hair
  • Remy single drawn micro weft
  • Non remy double drawn
  • Remy single drawn while hair
  • Remy machine weft curly hair
  • Non remy double drawn hair
  • Remy hair
  • Remy single drawn grey hair
  • Remy machine weft wavy
  • Remy kinky curly
  • Silver grey straight hair

 

 

Exports :

 

Products :

·         Human Hair

·         Remy single drawn

·         Grey hair

Countries :

·         Italy

·         Germany

·         France

·         US

·         Europe

 

 

Terms :

 

Selling :

Cash

 

 

Purchasing :

Credit

 

 

 

 

GENERAL INFORMATION

 

Suppliers :

Tirupathi Temple

 

 

Customers :

Lukia Benzoni (Switzerland)

 

 

No. of Employees :

45 (Approximately)

 

 

Bankers :

Punjab National Bank, Purasawakkam Branch, Chennai, Tamilnadu, India

 

 

Facilities :

-

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Rajesh Kumar

Chartered Accountant

Address :

Villipuram

 

 

CAPITAL STRUCTURE

 

As on 31.03.2012

 

Capital Investment :

 

Owned :

Rs.3.500 Millions

Borrowed :

 

Total :

Rs.3.500 Millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

31.03.2012

31.03.2011

31.03.2010

Sales Turnover (Approximately)

40.000

33.000

30.000

 

 

 

 

 

 

Expected Sales (2012-2013) : Rs.40.000 Millions

 

The above information has been parted by Mr. KarthiKeyan Thangavel Pillai

 

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Check List by Info Agents

Available in Report [Yes/No]

Year of Establishment

Yes

Locality of the Firm

Yes

Constitution of the firm

Yes

Premises details

No

Type of Business

Yes

Line of Business

Yes

Promoters background

No

No. of Employees

Yes

Name of Person Contacted

Yes

Designation of contact person

Yes

Turnover of firm for last three years

Yes

Profitability for last three years

No

Reasons for variation <> 20%

-

Estimation for coming financial year

Yes

Capital the business

Yes

Details of sister concerns

No

Major Suppliers

Yes

Major Customers

Yes

Payment Terms

Yes

Export / Import Details [If Applicable]

Yes

Market Information

-

Litigations that the firm / promoter involved in

-

Banking Details

Yes

Banking Facility Details

No

Conduct of the banking account

-

Buyer visit details

-

Financials, if provided

Yes

Incorporation details, if applicable

No

Last accounts filed at ROC

No

Major Shareholders, if applicable

No

Date of Birth of Proprietor/Partner/Director, if available

Yes

PAN of Proprietor/Partner/Director, if available

No

Voter ID No of Proprietor/Partner/Director, if available

No

External Agency Rating, if available

No

 

TRADE REFERENCES:

·         Tirupathi Temple

·         Lukia Benzoni (Switzerland)

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.98

UK Pound

1

Rs.83.68

Euro

1

Rs.67.20

 

 

INFORMATION DETAILS

 

 

Information Gathered by :

SLP

 

 

Report Prepared by :

BYI

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

45

 

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%)

 

 

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

-

 

 

MIRA INFORM REPORT

 

 

Report Date :

05.10.2012

 

IDENTIFICATION DETAILS

 

Name :

TENCATE GEOSYNTHETICS AUSTRIA GESELLSCHAFT M.B.H.

 

 

 

 

Registered Office :

SchachermayerstraGe 18, A-4020 Linz

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishment :

1987

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of technical plastic parts

 

 

No. of Employees :

115

 

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

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

 

Basic company information

 

Company name:

TenCate Geosynthetics Austria Gesellschaft m.b.H.

Status:

active company

Locations:

SchachermayerstraGe 18, A-4020 Linz

Phone:

0043 (732) 6983

Fax:

0043 (732) 6983 - 5353

E-mail:

service@tencate.com

Internet:

http://www.tencate.com

Activities:

Onace 22291 100% Manufacture of technical plastic parts

Probability of Default (Basel

0,06%

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:

Payment

 

Payments are made within net agreements.

 

Assessment

 

Financial situation is satisfactory.

 

Additional company information

 

Year of incorporation:

1987

Type of company:

Manufacturing

Legal form:

limited liability company since 1987-06-25

companies' house number:

FN 85464 h Linz 1987-08-10

Activities:

 

ARA-number:

2088

VAT number:

ATU 23167908

 

number - Austrian National 464252

 

Bank:

 

Import

Country

 

 

 

Import

European Union

 

2012

 

 

Export

Country

 

 

 

Export

world-wide

 

2012

 

 

Financial data

 

total turnover (total sales)

2011

EUR 74.515.076,86

(exact)

total turnover (total sales)

2010

EUR 64.332.313,00

(exact)

total turnover (total sales)

2009

EUR 61.736.930,00

(exact)

total turnover (total sales)

2008

EUR 74.262.907,00

(exact)

total turnover (total sales)

2007

EUR 74.214.639,00

(exact)

total employees

2012

115

(approx.)

total company vehicles

2012

5

(approx.)

cars

2012

5

(approx.)

 

Extraxt from the Companies' House:

 

firm (style):

26

TenCate Geosynthetics Austria Gesellschaft m.b.H.

 

legal form:

1

Gesellschaft mit beschrankter

Haftung

registered office:

1

politischer Gemeinde Linz

 

business adress:

6

Schachermayerstr. 18 4021 Linz

 

capital:

10

EUR 2.000.000

 

reference date annual accounts:

1

31. Dezember

 

annual accounts:

41

zum 31.12.2011 eingereicht am

11.07.2012

 

 

power of representation:

1                    Die Gesellschaft wird, wenn mehrere Geschaftsfuhrer

bestellt sind, durch zwei Geschaftsfuhrer gemeinsam oder durch einen von ihnen gemeinsam mit einem Prokuristen vertreten.

1  Gesellschaftsvertrag vom 25.06.1987 001

1                      Generalversammlungsbeschluss    vom 02.11.1987 002

Kapitalerhohung um ATS 24.500.000,-.

Anderung des Gesellschaftsvertrages im § 5.

10     Gesellschaftsvertrag mit Generalversammlungsbeschluss 003

vom 20.07.2000

gemaS 1.  Euro-JuBeG angepasst.

10      Generalversammlungsbeschluss    vom 20.07.2000 004

Kapitalerhohung um EUR 183.179,15 aus Gesellschaftsmitteln.

10      Generalversammlungsbeschluss    vom 20.07.2000 005

Neufassung des Gesellschaftsvertrages.

26      Generalversammlungsbeschluss    vom 07.09.2006 006

Anderung des Gesellschaftsvertrages in den §§ 1 und 5

 

 

proxy:

Z      Ernst Ganser,  geb. 19.08.1968

36                       vertritt seit 01.02.2010 gemeinsam mit

einem Geschaftsfuhrer oder einem weiteren Prokuristen

AA     Gunther Sebera,  geb. 14.01.1962

36                       vertritt seit 01.02.2010 gemeinsam mit

einem Geschaftsfuhrer oder einem weiteren Prokuristen
AB      Karl Offerlbauer,  geb. 28.03.1968

36                       vertritt seit 01.02.2010 gemeinsam mit

einem Geschaftsfuhrer oder einem weiteren Prokuristen

 

 

managing director:

AC     Thomas Golubich,  geb. 25.04.1977
39                vertritt seit 23.12.2010 selbstandig

shareholder:

V      TenCate Europe Holding B.V.

30                ...................................          EUR 1.998.000

30                .........................................................................................          EUR 1.998.000

Y      ICON Wirtschaftstreuhand GmbH

3 3               ...........................................          EUR 2.000

3 3               .................................................................................................          EUR 2.000

 

General table :

 

1

datenersterfaSt am 19.03.1994

 

Geschaftsfall

914

Fr

359/94

a

 

Ersterfassung gem. Art. XXIII Abs.

4 FBG

 

 

 

 

6

eingetragen am 23.04.1997

Antrag auf Anderung eingelangt

am

Geschaftsfall 17.04.1997

12

Fr

2311/97

s

10

eingetragen am 30.08.2000

Antrag auf Anderung eingelangt

am

Geschaftsfall 18.08.2000

34

Fr

2971/00

t

26

eingetragen am 07.10.2006

Antrag auf Anderung eingelangt

am

Geschaftsfall 15.09.2006

32

Fr

4454/06

k

30

eingetragen am 31.01.2008

Antrag auf Anderung eingelangt

am

Geschaftsfall 27.12.2007

32

Fr

7355/07

k

33

eingetragen am 02.04.2009

Antrag auf Anderung eingelangt

am

Geschaftsfall 31.03.2009

32

Fr

1523/09

b

36

eingetragen am 13.03.2010

Antrag auf Anderung eingelangt

am

Geschaftsfall 10.03.2010

32

Fr

1234/10

k

39

eingetragen am 13.04.2011

Antrag auf Anderung eingelangt

am

Geschaftsfall 14.01.2011

32

Fr

176/11

p

41

eingetragen am 14.07.2012

 

Geschaftsfall

32

Fr

3125/12

i

 

 

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. Thomas Golubich

1977-04-25

1190 Wien GrinzingerstraGe 89

manager,

head of personnel

0

Ernst Ganser

1968-08-19

4020 Linz

SchachermayerstraGe

18(c/o)

joint signing clerk, head of accounting

0

Gunther Sebera

1962-01-14

4020 Linz

SchachermayerstraGe

18(c/o)

joint signing clerk

0

Karl Offerlbauer

1968-03-28

4020 Linz

SchachermayerstraGe

18(c/o)

joint signing clerk

0

Gunter Sebera

 

4020 Linz

SchachermayerstraGe

18(c/o)

head of purchasing

0

Dipl-Ing. Erwin Lunger

 

4020 Linz

SchachermayerstraGe

18(c/o)

head of EDP

0

Philipp Delmas

 

4020 Linz

SchachermayerstraGe

18(c/o)

technical director

0

Ing. Karl Offerlbauer

 

4020 Linz

SchachermayerstraGe

18(c/o)

technical director

0

 

 

Balance Sheet (absolute)

all amounts in EUR

                                              2011-12-31         

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

51.274,00

 

 

 

 

Sum intangible assets

51.274,00

 

Land with buildings (building value)

6.251.323,96

 

 

 

 

Other operating and business equipment

176.229,57

 

 

 

 

 

 

Technical plants and machines

4.076.164,00

 

 

 

 

Advanced payments and constructions in progress

74.174,00

 

 

 

 

Sum tangible assets

10.577.891,53

 

 

 

 

 

Shares on related firms

288.106,27

 

 

 

 

Sum financial assets

288.106,27

 

 

 

 

 

Sum fixed assets

10.917.271,80

 

 

 

 

 

Raw-, auxiliary materials and supplies

1.816.410,88

 

 

 

 

Finished products

7.980.401,48

 

 

 

 

Sum stock

9.796.812,36

 

 

 

 

 

Claims from delivered goods 6.566.236,88 and performed services

 

 

 

 

Claims against related firmes Claims against companies with shareholding relationship

2.177.671,65

 

 

 

 

Other claims and assets

1.367.876,89

 

 

 

 

Sum claims

10.111.785,42

 

 

 

 

 

Cash on hand, cheques and bank deposits

3.373.892,53

 

 

 

 

Sum cash and bank

3.373.892,53

 

 

 

 

 

Sum current assets

23.282.490,31

 

 

 

 

 

Deferred charges

873.650,27

 

 

 

 

Sum deferred charges

873.650,27

 

 

 

 

Assets

35.073.412,38

 

 

 

 

 

Subscribed/declared capital

2.000.000,00

 

 

 

 

Legal reserves

200.000,00

 

 

 

 

Balance sheet profit/balance sheet loss

7.695.583,77

 

 

 

 

Thereof profit/loss carried forward

8.054.741,29

 

 

 

 

Sum equity capital

9.895.583,77

 

 

 

 

 

Valuation reserves and other reserves before taxes

183.757,00

 

 

 

 

Sum reserves before taxes

183.757,00

 

 

 

 

 

Reservesfor severance pays

2.195.776,00

 

 

 

 

Tax reserves

503.000,00

 

 

 

 

Other reserves

2.083.743,48

 

 

 

 

Sum reserves

4.782.519,48

 

 

 

 

 

Liabilities against credit institutes

6.500.000,00

 

 

 

 

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

2.619.273,52

 

 

 

 

Liabilities against related firms

10.003.169,12

 

 

 

 

Other liabilities

1.089.109,49

 

 

 

 

Sum liabilities

20.211.552,13

 

 

 

 

 

Liabilities

35.073.412,38

 

 

 

 

 

Balance sheet sum 35.073.412,38

 

P / L Account (absolute)

all amounts in EUR

 

 

2011-12-31

 

 

 

 

Gross sales

74.515.074,86

 

 

 

 

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

-583.535,27

 

 

 

 

Other manufacturing costs capitalized

174,00

 

 

 

 

Sum turnover or sum gross profit

73.931.713,59

 

 

 

 

 

Profits from retirement of fixed assets, except financial assets

5.046,39

 

 

 

 

Income from dissolution of reserves

26.735,71

 

 

 

 

Other operating profits

1.393.223,72

 

 

 

 

Other operating profits totally

1.425.005,82

 

 

 

 

 

Costs for obtained services

-4.847.032,49

 

 

 

 

Special account material costs

-44.211.631,90

 

 

 

 

Costs for obtained services totally

-49.058.664,39

 

 

 

 

 

Wages

-2.746.549,64

 

 

 

 

Salaries

-3.796.101,56

 

 

 

 

Costs for severance pays

-255.666,21

 

 

 

 

Costs for old age pension

-109.877,10

 

 

 

 

 

Legal fringe benefits and other payments depending on salaries

-1.751.513,34

 

 

 

 

Other social fringe benefits

-148.699,70

 

 

 

 

Personnel expenses totally

-8.808.407,55

 

 

 

 

 

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

-1.813.166,37

 

 

 

 

Depreciation tangible assets /    - 1.813.166,37

intangible assets totally

 

 

 

 

 

Different operating costs

-14.180.517,38

 

 

 

 

Other taxes

-47.895,03

 

 

 

 

Other operating costs totally

-14.228.412,41

 

 

 

 

 

Operating result totally

1.448.068,69

 

 

 

 

 

Interest income, securties income and similar income

17.791,03

 

 

 

 

Interest and similar disbursements

-708.491,49

 

 

 

 

Financial profits totally

-690.700,46

 

 

 

 

 

Results from usual business activity totally

757.368,23

 

 

 

 

 

Taxes on income and profits

-318.302,45

 

 

 

 

Taxes on income and profits totally

-318.302,45

 

 

 

 

Annual surplus/annual deficit totally

439.065,78

 

 

 

 

 

Dissolution reserves before taxes

15.776,70

 

 

 

 

Reserves movements totally

15.776,70

 

 

 

 

Annual profit/annual loss totally

454.842,48

 

 

 

 

 

Profit and loss carried forward from previous year

8.054.741,29

 

 

 

 

Transfer of profit/overcounting of losses from ontract of profit transfer

-814.000,00

 

 

 

 

Transfer of profits totally

7.240.741,29

 

 

 

 

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

7.695.583,77

 

 

 

 

 

Key ratios

 

 

2011

Cash flow II

2.252.232,15

Debt amortisation period

9,59

Bank indebtedness

18,53

Equity capital share

28,73

Social capital share

6,26

Fixed assets coverage

112,43

Net profit ratio

1,02

Capital turnover

2,10

Return on investment

4,17

Cash flow in % of

operating

performance

3,04

Cash flow 1

2.570.534,60

Gross productivity

8,39

Net productivity

2,82

Operating performance

73.931.713,59

Inventories in % of

operating

performance

13,25

Gross profit

24.873.049,20

 

Locations

 

Type

Locations

Description

 

Phone Fax

E-mail

operational

SchachermayerstraGe 18, A-4021 Linz

registered office

operational

SchachermayerstraGe 18, A-4020 Linz, (ident St. PeterstraGe 25)

registered headquarters, owned property

 

0043 732 6983               0043 732 6983 5353

service@tencate.com

 

Related companies

 

Company name

Postal code

Stake in %

numb

Companies House

 

TenCate Europe Holding B.V.

Engbert Gorterstraat 3,

NL-7607 GB Almelo

99.9 % 2008-01-31

1.596.150

 

ICON Wirtschaftstreuhand GmbH

StahlstraGe 14, A-4020 Linz

0.1 % 2009-04-02

573.206

FN 47856 b

 

 

Bankers:

Banker

Bank sort code

Type of banking connection

UniCredit Bank Austria AG, 1011 Wien

20151

main bank connection

 

 

Historical development

 

Year of incorporation:

1987

Date of registration:

1987-08-10

 

Change of company name:

From

To

Company name

 

2006-10-07

POLYFELT Gesellschaft m.b.H.

2006-10-07

 

TenCate Geosynthetics Austria Gesellschaft m.b.H.

 

Change in share capital:

From

To

Capital

 

2000-08-30

ATS 25.000.000,00

2000-08-30

 

EUR 2.000.000,00

 

Former executives:

From

To

Function

Name

2006-01-21

2009-01-22

joint signing clerk

Mag. MBA. Gerold Freudenthaler

2007-07-21

2011-04-13

joint signing clerk

Dipl-Ing. Uwe Bornmann

 

2003-05-16

manager

Dkfm.Dr. Norbert Niedermayr

 

2004-02-04

manager

Heinz Bocksrucker

2004-02-04

2006-10-07

manager

Michel Haudrechy

2003-05-16

2009-01-22

manager

Dr. Andreas Matje

2009-01-22

2010-02-23

manager

Mag. MBA. Gerold Freudenthaler

2009-01-22

2010-05-07

manager

Mag. Christian Korn

2009-01-22

2011-04-13

manager

Mag. Gunther Froschauer

 

1997-04-23

joint signing clerk

Dipl-Ing. Gunther Lux

2000-10-03

2003-05-16

joint signing clerk

Dr. Andreas Matje

 

 

1997-04-23

2006-01-21

joint signing clerk

Mag. Wolfgang Aue

2000-10-03

2006-01-21

joint signing clerk

Dipl-Ing.Dr. Roland Konrad

2006-01-21

2007-07-21

joint signing clerk

Mag. Nikolaus Blasl

2004-04-10

2007-07-21

joint signing clerk

Ing. Manfred Winkler

 

Former shareholders:

From

To

Function

Name

1997-10-01

2005-05-13

partner

OMV Aktiengesellschaft

2005-05-13

2005-05-21

partner

zu loschen

 

1997-10-01

partner

Borealis Polyolefine GmbH

2005-05-21

2006-04-05

partner

OMV Refining & Marketing GmbH

2006-04-05

2008-01-31

partner

KONINKLIJKE Ten Cate N.V.

2006-04-05

2009-04-02

partner

WOLF THEISS Rechtsanwalte GmbH

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.97

UK Pound

1

Rs.83.67

Euro

1

Rs.67.19

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)