|
Report Date : |
17.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
INDIAN AIRPORTS HOLDING GMBH |
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|
|
|
Formerly Known As : |
VIE Indien Projektentwicklung und
Beteiligung GmbH |
|
|
|
|
Registered Office : |
Volksgartenstraße 3, 1. OG, A-1010 Wien |
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|
|
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Country : |
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|
|
|
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Financials (as on) : |
31.12.2011 |
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|
|
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Date of Incorporation : |
13.09.2007 |
|
|
|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Financial and insurance activities |
|
|
|
|
No. of Employees : |
Not Available |
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 – 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 |
|
Last up-date: |
2012-09-13 |
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Company name: |
Indian Airports Holding GmbH |
|
Status: |
active company |
|
Locations: |
Volksgartenstraße 3/1. OG, A-1010 Wien |
|
Activities: |
Önace 64200 100% Activities of holding companies |
|
|
|
|
General Assessment: |
|
|
Probability of Default (Basel
II): |
1,37% 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: |
Payment As far as insight is possible,
payments are mostly made according to conditions, nothing detrimental known.
No experience of importance at present. |
|
|
Assessment No insight of any importance
into the company's financial situation. No known indications of difficult
financial situation. |
|
Year of incorporation: |
2007 |
|
Type of company: |
Financial and insurance activities |
|
Legal form: |
limited liability company since 2007-09-11 |
|
companies' house number: |
FN 298650 t Wien 2007-09-13 |
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Activities: |
|
|
number - Austrian National Bank: |
8220611 |
|
total turnover (total sales) |
2011 |
|
(no figures known) |
|
total employees |
2012 |
|
(no figures known) |
|
firm
(style): |
|
4
Indian Airports Holding GmbH |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
8
politischer Gemeinde Wien |
|
business
adress: |
|
8
Volksgartenstraße 3, 1. OG |
|
capital: |
|
1
EUR 35.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
9
zum 31.12.2011 eingereicht am 09.08.2012 |
|
managing
director: |
|
E
Umesh Kumar Baveja, geb. 26.09.1964 |
|
shareholder: |
|
D
Airport Holdings Australasia Pte. |
|
general
table: |
|
Landesgericht Korneuburg |
|
Real
estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Umesh Kumar Baveja |
1964-09-26 |
110096 Delhi C-2/601 Capital Apartments 3 Vasundhara
Enclave |
manager |
0 |
(absolute) all amounts in EUR
|
|
2011-12-31 |
|
Other shareholdings |
2.985,84 |
|
Sum financial assets |
2.985,84 |
|
Sum fixed assets |
2.985,84 |
|
Special account claims |
9.981,24 |
|
Sum claims |
9.981,24 |
|
Cash on hand, cheques and bank deposits |
50.839,79 |
|
Sum cash and bank |
50.839,79 |
|
Sum current assets |
60.821,03 |
|
Assets |
63.806,87 |
|
Subscribed/declared capital |
35.000,00 |
|
Balance sheet profit/balance sheet loss |
5.880,51 |
|
Thereof profit/loss carried forward |
6.630,28 |
|
Sum equity capital |
40.880,51 |
|
Liabilities against related firms |
20.784,72 |
|
Liabilities against firm with shareholding relationship |
2.141,64 |
|
Sum liabilities |
22.926,36 |
|
Liabilities |
63.806,87 |
|
Balance sheet sum |
63.806,87 |
(absolute) all amounts in
EUR
|
|
2011-12-31 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-250,63 |
|
Depreciation tangible assets / intangible assets
totally |
-250,63 |
|
Different operating costs |
-750,15 |
|
Other operating costs totally |
-750,15 |
|
Operating result totally |
-1.000,78 |
|
Interest income, securties income and similar income |
383,17 |
|
Interest and similar disbursements |
-560,21 |
|
Financial profits totally |
-177,04 |
|
Results from usual business activity
totally |
-1.177,82 |
|
Taxes on income and profits |
377,98 |
|
Taxes on income and profits totally |
377,98 |
|
Annual surplus/annual deficit
totally |
-799,84 |
|
Dissolution reserves before taxes |
50,07 |
|
Reserves movements totally |
50,07 |
|
Annual profit/annual loss
totally |
-749,77 |
|
Profit and loss carried forward from previous year |
6.630,28 |
|
Transfer of profits totally |
6.630,28 |
|
B/S profit/ B/S loss from profit and
loss account |
5.880,51 |
|
|
2011 |
|
Cash flow II |
-549,21 |
|
Debt amortisation period |
-50,82 |
|
Bank indebtedness |
0,00 |
|
Equity capital share |
64,06 |
|
Social capital share |
0,00 |
|
Fixed assets coverage |
1.369,14 |
|
Net profit ratio |
0,00 |
|
Capital turnover |
0,00 |
|
Return on investment |
-0,96 |
|
Cash flow in % of operating performance |
0,00 |
|
Cash flow I |
-927,19 |
|
Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
0,00 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
0,00 |
|
Type |
Locations |
Description |
|
|
|
|
|
operational |
Volksgartenstraße 3/1. OG, A-1010 Wien |
registered headquarters |
|
|
|
|
|
operational |
Volksgartenstraße 3, 1. OG, A-1010 Wien |
registered office |
|
|
|
|
|
former |
Wien-Flughafen , A-1300 Wien Flughafen Schwechat |
registered office |
|
Company name |
Postal code |
Stake in % |
|
|
|
Shares in this company are held
by: |
||||
|
Airport Holdings Australasia Pte. Limited |
77A Boat Quay , 049865 Singapur, SGP |
100 % 2012-02-24 |
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
Keine aktuelle bekannt, |
0 |
main bank connection |
|
Year of incorporation: |
2007 |
|
Date of registration: |
2007-09-13 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2010-07-17 |
VIE Indien Projektentwicklung und Beteiligung GmbH |
|
2010-07-17 |
|
Indian Airports Holding GmbH |
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Former executives: |
|||
|
From |
To |
Function |
Name |
|
2007-09-13 |
2012-03-16 |
manager |
MMag. Michael Höferer |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2007-09-13 |
2012-02-24 |
partner |
Flughafen Wien
Aktiengesellschaft |
|
2007-09-13 |
2012-02-24 |
partner |
VIE International Beteiligungs
management Gesellschaft m.b.H. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.73 |
|
UK Pound |
1 |
Rs.88.61 |
|
Euro |
1 |
Rs.71.34 |
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.