MIRA INFORM REPORT

 

 

Report Date :

17.04.2013

 

IDENTIFICATION DETAILS

 

Name :

LST LASER & STRAHL TECHNIK HERSTELLUNGS- UND HANDELSGESELLSCHAFT M.B.H.

 

 

Registered Office :

Testarellogasse  11/3, A-1130 Wien

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

20.07.1992

 

 

Legal Form :

limited liability company

 

 

Line of Business :

Wholesale and retail trade; repair of motor vehicles

 

 

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

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

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:

2013-01-31

Company name:

LST Laser & Strahl Technik Herstellungs- und Handelsgesellschaft m.b.H.

Status:

active company

Locations:

Testarellogasse  11/3, A-1130 Wien

Phone:

0043 (1) 8764694

Fax:

0043 (1) 8764694 - 22

E-mail:

lst@europalaserboerse.com

Internet:

http://www.europalaserboerse.com

Activities:

Önace 46520 50% Wholesale of electronic and telecommunications equipment and parts

 

Önace 46900 25% Non-specialised wholesale trade

 

Önace 26600 25% Manufacture of irradiation, electromedical and electrotherapeutic equipment

 

Detail Assessment:

Payment

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

 

Assessment

Company's solvency is weak and is entirely dependent on external capital.

 

Additional company information

 

Year of incorporation:

1992

 

Type of company:

Wholesale and retail trade; repair of motor vehicles

 

Legal form:

limited liability company since 1992-07-10

 

companies' house number:

FN 62068 b Wien 1992-07-20

 

Activities:

 

 

VAT number:

ATU 14996101

 

number - Austrian National Bank:

1804979

 

 

 

 

Import 

Country 

 

 

 

Import

USA

 

2013

 

Import

European Union

 

2013

 

 

 

Export 

Country 

 

 

 

Export

Russian Federation

 

2013

 

Export

European Union

 

2013

 

Financial data

 

total turnover (total sales)

2012

EUR  450.000,00

(approx.)

total turnover (total sales)

2011

EUR  550.000,00

(estimated)

total turnover (total sales)

2010

EUR  540.000,00

(estimated)

total turnover (total sales)

2009

EUR  533.000,00

(approx.)

total turnover (total sales)

2008

EUR  924.167,22

(exact)

total employees

2013

6

(exact)

white collar workers

2013

6

(exact)

total company vehicles

2013

2

(exact)

cars

2013

2

(exact)

 

Extraxt from the Companies' House

 

firm (style):

    2      LST Laser & Strahl Technik
           Herstellungs- und Handels-
           gesellschaft m.b.H.

legal form:

    1      Gesellschaft mit beschränkter Haftung

registered office:

    2      politischer Gemeinde Wien

business adress:

    2      Testarellog. 11/3
           1130 Wien

capital:

    1      ATS 500.000

reference date annual accounts:

    1      31. Dezember

annual accounts:

   22      zum 31.12.2011 eingereicht am 27.09.2012

power of representation:

    1      Die Generalversammlung bestimmt, wenn mehrere Geschäfts-
           führer bestellt sind, deren Vertretungsbefugnis.
    1   Gesellschaftsvertrag  vom 10.07.1992                                001
    2   Generalversammlungsbeschluss  vom 20.09.1993                        002
          Änderung des Gesellschaftsvertrages im Punkt III.
    2   Generalversammlungsbeschluss  vom 04.11.1993                        003
          Änderung des Gesellschaftsvertrages in den Punkten I., II.

managing director:

         A   DI Heinz Peter Brandstetter, geb. 18.08.1941
    1        vertritt seit 20.07.1992 selbständig

shareholder:

         A   DI Heinz Peter Brandstetter, geb. 18.08.1941
   12        .....................    ATS 25.000
   12        ................................................    ATS 25.000
         E   Brioso Capaz sro
   11        ....................    ATS 450.000
   11        ...............................................    ATS 450.000
         F   DI (FH) Maximilian Brandstetter, geb. 16.09.1977
   12        .....................    ATS 25.000
   12        ................................................    ATS 25.000
                          ------------------------------------------------------
                   Summen:           ATS 500.000                ATS 500.000

general table:

 Handelsgericht Wien
   1 Ersterfassung abgeschlossen am 19.11.1993  Geschäftsfall 909 Fr  1328/93 d
       Ersterfassung gem. Art. XXIII Abs. 4 FBG
   2 eingetragen am 17.02.1994                  Geschäftsfall 703 Fr  3758/93 m
       Antrag auf Änderung  eingelangt am 10.11.1993
  11 eingetragen am 06.01.2005                  Geschäftsfall  74 Fr   153/05 i
       Antrag auf Änderung  eingelangt am 31.12.2004
  12 eingetragen am 14.01.2011                  Geschäftsfall  71 Fr 14577/10 v
       Antrag auf Änderung  eingelangt am 28.12.2010
  13 eingetragen am 19.01.2011                  Geschäftsfall  71 Fr   687/11 a
       amtswegige Berichtigung
  20 eingetragen am 21.05.2011                  Geschäftsfall  71 Fr  8342/11 h
       amtswegige Nachbearbeitung
  22 eingetragen am 23.02.2013                  Geschäftsfall  71 Fr 17608/12 v
       Elektronische Einreichung Jahresabschluss  eingelangt am 27.09.2012

Real estate

 

Real estate KSV text:

No real estate property registered

 

Private data

 

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

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

Dipl-Ing.  Heinz Peter Brandstetter

1941-08-18 

 

1130 Wien Hagenbergergasse 35

 

manager,

partner

 

0

 

Dipl.-Ing.(FH)  Maximillian Brandstetter

1977-09-16 

 

1130 Wien Seutergasse 48

 

partner

 

0

 

 


Balance Sheet  (absolute) all amounts in EUR 

 

 

2011-12-31 

 

 

 

 

Intangible assets

0,21

 

 

 

 

Sum intangible assets

0,21

 

 

 

 

 

Tangible assets

27.049,75

 

 

 

 

Sum tangible assets

27.049,75

 

 

 

 

 

Sum fixed assets

27.049,96

 

 

 

 

 

Stocks

402.917,75

 

 

 

 

Sum stock

402.917,75

 

 

 

 

 

Claims and other assets

186.895,10

 

 

 

 

Sum claims

186.895,10

 

 

 

 

 

Cash on hand, cheques and bank deposits

26,78

 

 

 

 

Sum cash and bank

26,78

 

 

 

 

 

Sum current assets

589.839,63

 

 

 

 

 

Deferred charges

18.175,37

 

 

 

 

Sum deferred charges

18.175,37

 

 

 

 

Assets

635.064,96

 

 

 

 

 

Subscribed/declared capital

36.336,42

 

 

 

 

Profit reserves

6.631,03

 

 

 

 

Balance sheet profit/balance sheet loss

-81.402,57

 

 

 

 

Thereof profit/loss carried forward

-84.432,25

 

 

 

 

Sum equity capital

-38.435,12

 

 

 

 

 

Reserves

10.000,00

 

 

 

 

Sum reserves

10.000,00

 

 

 

 

 

Liabilities

663.500,08

 

 

 

 

Sum liabilities

663.500,08

 

 

 

 

 

Liabilities

635.064,96

 

 

 

 

 

Balance sheet sum

635.064,96

 

 

 

 

 

Key ratios

 

 

2011  

 

 

 

 

 

Equity capital share

  -6,05

 

 

 

 

 

Fixed assets coverage

  -142,08

 

 

 

 

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Testarellogasse  11/3, A-1130 Wien

registered office 

 

 

 

operational 

Testarellogasse  11/3, A-1130 Wien

registered headquarters 

 

 

lst@europalaserboerse.com

operational 

Hagenberggasse  35, A-1130 Wien

office 

 

 

 

former 

Oberhamerstraße  8, D-82054 Sauerlach

office 

 

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

KSV-number

 

Shares in this company are held by:

Brioso Capaz sro

 

Roznavska  26, SK-82104 Bratislava

90 % 2005-01-06

 

1.389.382

 

 

Dipl-Ing. Heinz Peter Brandstetter

 

Hagenbergergasse  35, A-1130 Wien

5 % 1992-07-10

 

900.278.083

 

 

Dipl.-Ing.(FH) Maximillian Brandstetter

Seutergasse  48/14, A-1130 Wien

5 % 2011-01-14

 

914.538.422

 

 

 

Bankers

 

 

 

 

Banker

Bank sort code

Type of banking connection

Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien

 

20111

 

main bank connection

 

 

 

 

Historical development

 

Year of incorporation:

1992

Date of registration:

1992-07-20

 

Former executives:

From

To

Function

Name

   

  2000-09-27

individual signing clerk 

Gertrude Brandstetter 

 

Former shareholders:

From

To

Function

Name

  1994-02-17

  2005-01-06

partner 

Tecom Anstalt 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.32

UK Pound

1

Rs.83.17

Euro

1

Rs.71.05

 

 

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.