MIRA INFORM REPORT

 

 

Report Date :

01.09.2012

 

IDENTIFICATION DETAILS

 

Name :

GEFRA TECHNIK GMBH

 

 

Registered Office :

Hofmark 30, A-4942 Gurten

 

 

Country :

Austria

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

1984

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale and retail trade; repair of motor vehicles

 

 

No. of Employees :

4

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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:

2012-08-27

Company name:

GEFRA Technik GmbH

Status:

active company

Locations:

Hofmark 30, A-4942 Gurten

Phone:

0043 (7757) 6228

Fax:

0043 (7757) 6228 - 5

E-mail:

office@gefra.at

Internet:

http://www.gefra.at

Activities:

Onace 45112 60% Retail sale of cars and light motor vehicles

 

Onace 33120 40% Repair of machinery

General Assessment:

 

 

Model: CompanyScore

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:

 

 

Payments are sometimes made using cash discounts or according to conditions.

 

 

 

Additional company information

 

Year of incorporation:

1984

Type of company:

Wholesale and retail trade; repair of motor vehicles

Legal form:

limited liability company since 2009-11-26

companies' house number:

FN 336845 k Ried im Innkreis 2009-12-01

Activities:

 

VAT number:

ATU 65283249

number - Austrian National

9563814

Bank:

 

 

Import

Country

 

 

 

Import

China

 

2012

 

Import

Italy

 

2012

 

Export

Country

 

 

 

Export

Germany

 

2012

 

 

 

Financial data

 

 

total turnover (total sales)

2011

EUR 1.000.000,00

(estimated)

total employees

2012

4

(approx.)

white collar workers

2012

2

(approx.)

apprentices

2012

2

(approx.)

total stock

2012

EUR 400.000,00

(average)

total company vehicles

2012

4

(approx.)

cars

2012

1

(approx.)

lorries up to 3.5t

2012

3

(approx.)

 

 

Extraxt from the Companies' House

 

firm (style):

1          GEFRA Technik GmbH

legal form:

1          Gesellschaft mit beschrankter Haftung

registered office:

1          politischer Gemeinde Gurten

business adress:

1          Hofmark 3 0

4942 Gurten

capital:

1          EUR 50.000

reference date annual accounts:

1          31. Janner

annual accounts:

4          zum 31.01.2011 eingereicht am 17.06.2011

power of representation:

1          Die Generalversammlung bestimmt,  wenn mehrere Geschafts-

fuhrer bestellt sind,  deren Vertretungsbefugnis. 1      Erklarung uber die Errichtung der Gesellschaft 001 vom 26.11.2009

 

Einbringung des in Form eines nicht protokollierten Einzel-unternehmens gefuhrten Landmaschinenerzeugungsbetriebes des Gerhard Frauscher,  geb. 24.08.1958

 

managing director:

A     Gerhard Frauscher,  geb. 24.08.1958
1          vertritt seit 01.12.2009 selbstandig

shareholder:

A          Gerhard Frauscher,  geb. 24.08.1958

2                                  EUR 3 7.500

2                                  EUR 3 7.500

B          Waltraud Frauscher,  geb. 13.09.1957

2                                  EUR 12.500

2                                  EUR 12.500

Summen:          EUR 50.000       EUR 50.000

general table:

Landesgericht Ried im Innkreis

eingetragen am 01.12.2009         Geschaftsfall    16 Fr    4590/09 b

Antrag auf Neueintragung einer Firma    eingelangt am 26.11.2009

eingetragen am 23.12.2009         Geschaftsfall    16 Fr    4968/09 h

Antrag auf Anderung    eingelangt am 22.12.2009
4 eingetragen am 21.06.2011      Geschaftsfall    16 Fr    2687/11 x

Elektronische Einreichung Jahresabschluss    eingelangt am 17.06.2011

 

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)

Gerhard Frauscher

1958-08-24

4942 Gurten Hofmark 30

manager, partner

0

Waltraud Frauscher

1957-09-13

4942 Gurten Hofmark 30

partner

0

 

 

Balance Sheet (absolute) all amounts in EUR

 

 

 

2011-01-31

 

 

 

 

Intangible assets

4.333,33

 

 

 

 

Sum intangible assets

4.333,33

 

 

 

 

 

Tangible assets

356.126,38

 

 

 

 

Sum tangible assets

356.126,38

 

 

 

 

 

Financial assets

4.298,00

 

 

 

 

 

Sum financial assets

4.298,00

 

 

 

 

 

Sum fixed assets

364.757,71

 

 

 

 

 

 

Stocks

423.426,82

 

 

 

 

Sum stock

423.426,82

 

 

 

 

 

Claims and other assets

155.555,48

 

 

 

 

Sum claims

155.555,48

 

 

 

 

 

Cash on hand, cheques and bank deposits

4.742,35

 

 

 

 

Sum cash and bank

4.742,35

 

 

 

 

 

Sum current assets

583.724,65

 

 

 

 

 

Deferred charges

3.747,78

 

 

 

 

Sum deferred charges

3.747,78

 

 

 

 

Assets

952.230,14

 

 

 

 

 

Subscribed/declared capital

50.000,00

 

 

 

 

Capital reserves

496.479,72

 

 

 

 

Balance sheet profit/balance sheet loss

172.698,75

 

 

 

 

Thereof profit/loss carried forward

46.500,86

 

 

 

 

Sum equity capital

719.178,47

 

 

 

 

 

Other reserves before taxes

24.166,52

 

 

 

 

Sum reserves before taxes

24.166,52

 

 

 

 

 

Reserves

77.229,17

 

 

 

 

Sum reserves

77.229,17

 

 

 

 

 

Liabilities

131.655,98

 

 

 

 

Sum liabilities

131.655,98

 

 

 

 

 

Liabilities

952.230,14

 

 

 

 

 

Balance sheet sum 952.230,14

 

 

Key ratios

 

 

 

2011

Equity capital share

78,06

Fixed assets coverage

203,79

 

 

Locations

 

Type    Locations Description

 

Phone Fax

E-mail

operational

Hofmark 30, A-4942 Gurten

registered office

operational

Hofmark 30, A-4942 Gurten

registered headquarters, rented premises

 

0043 7757 6228              0043 7757 6228 5

office@gefra.at

operational

Freiling 26, A-4942 Gurten

warehouse, rented premises

related companies:

 

Company name

Postal code

Stake in %

 

 

Shares in this company are held by:

Gerhard Frauscher

Hofmark 30, A-4942 Gurten

75% 2009-12-01

 

 

Waltraud Frauscher

Hofmark 30, A-4942 Gurten

25% 2009-12-23

 

 

 

 

Bankers

 

Banker

Bank sort code

Type of banking connection

Allgemeine Sparkasse Oberosterreich Bankaktienges., 4982 Obernberg/Inn

20320

main bank connection

Raiffeisenbank Region Ried i. I., 4942 Gurten

34450

secondary banking connection

 

 

 

Historical development:

 

 

Year of incorporation:

1984

Date of registration:

2009-12-01

 

Mergers:

Date

Function

Name

2009-12-01

merged with

Gerhard Frauscher

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.72

UK Pound

1

Rs.87.95

Euro

1

Rs.69.65

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.