MIRA INFORM REPORT

 

 

Report Date :

19.08.2013

 

IDENTIFICATION DETAILS

 

Name :

ALMI GES.M.B.H. & CO KG

 

 

Formerly Known As :

Almi" Alfred Mittermayr u. Sohne Gesellschaft m.b.H. & Co. KG.

 

 

Registered Office :

HorschingerstraGe 1, A-4064 Oftering

 

 

Country :

Austria

 

 

Financials (as on) :

30.04.2012

 

 

Year of Establishment:

1931

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Wholesaler and retail trade of repair of motor vehicles

 

 

No. of Employees :

210

 

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 :

Good

 

 

Payment Behaviour :

Regular

 

 

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 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 3.8% in 2009 but saw positive growth of about 2% in 2010 and 2.7% in 2011. Growth fell to 0.6% in 2012. 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. The 2012 unemployment rate of 4.3% was the lowest within the EU. Stabilization measures, stimulus spending, and an income tax reform pushed the budget deficit to 4.5% in 2010 and 2.6% in 2011, from only about 0.9% 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 external risks, such as Austrian banks' continued 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 package consisting of a mix of expenditure cuts and new revenues that will bring public finances into balance by 2016. In 2012, the budget deficit rose to 3.1% of GDP.

                                                                                               

Source : CIA

 

 

 


Basic company information

 

 

Last up-date:

2013-08-16

Company name:

Almi Ges.m.b.H. & Co KG

Status:

active company

Locations:

HorschingerstraGe 1, A-4064 Oftering

Phone:

0043 (7221) 73399

Fax:

0043 (7221) 73399- 8290

E-mail:

office.linz@almi.at

Internet:

http://www.almi.at

Activities:

Onace 46370 60% Wholesale of coffee, tea, cocoa and spices

 

Onace 10840 40% Manufacture of condiments and seasonings

General Assessment:

 

 

Model: CompanyScore

Probability of Default (Basel

0,07%

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 made within net agreements.

 

 

 

Financial situation is satisfactory.

 

 

Additional company information

 

Year of incorporation:

1931

Activities:

 

Type of company:

Wholesale and retail trade; repair of motor vehicles

Legal form:

limited liability partnership since 1972-07-13

companies' house number:

FN 22345 kLinz 1961-05-26

ARA-number:

727

VAT number:                           ATU 22648302

number - Austrian National 54712 Bank:

 

Import

Country

 

 

 

Import

world-wide

 

2013

 

 

Export

Country

 

 

 

Export

Sweden

 

2013

 

Export

Great Britain and Northern Ireland / United Kingdom

 

2013

 

Export

USA

 

2013

 

Export

Eastern Europe

 

2013

 

 

 

Financial data

 

 

 

total turnover (total sales)

2012

EUR 85.400.000,00

(estimated)

total turnover (total sales)

2011

EUR 85.360.787,22

(exact)

total turnover (total sales)

2010

EUR 80.870.444,81

(exact)

total turnover (total sales)

2009

EUR 75.786.017,50

(exact)

total turnover (total sales)

2008

EUR 71.552.274,66

(exact)

total employees

2013

210

(approx.)

apprentices

2013

4

(approx.)

total stock

2013

EUR 12.500.000,00

(approx.)

 

Extraxt from the Companies' House:

firm (style):

16            Almi Ges.m.b.H.  & Co KG

legal form:

1 Kommanditgesellschaft

1            Rechtsform besteht seit 13.07.1972

registered office:

16            politischer Gemeinde Oftering

business adress:

16            Horschinger Str. 1

4064 Oftering

general partner:

A     Almi Ges.m.b.H.
1                vertritt seit 13.07.1972 selbstandig

 

 

limited partner:

C     Heinz Mittermayr,  geb. 14.05.1939

13 ..........................................................................................................                      EUR 7.267,28

E      Heinz-Ronald Mittermayr
Beteiligungsges.m.b.H.
11 .............................................................................................................. EUR 704.926,49

F     Alexander Mittermayr,  geb. 12.07.1966

13 ............................................................................................................................... EUR 7.267,29

reference date annual accounts:

5            30. April

annual accounts:

23             zum 30.04.2012 eingereicht am 17.01.2013


general table:

Landesgericht Linz

1  Ersterfassung abgeschlossen am 16.06.1992    Geschaftsfall                               901 Fr      596/92 k

Ersterfassung gem. Art. XXIII Abs.  4 FBG

2  eingetragen am 13.05.1995                                  Geschaftsfall                             12 Fr    1204/95 w

Antrag auf Anderung    eingelangt am 18.04.1995

3  eingetragen am 01.03.1996                                  Geschaftsfall                             12 Fr      858/96 w

Antrag auf Anderung    eingelangt am 06.02.1996

5 eingetragen am 10.02.2000                                  Geschaftsfall                              13 Fr    4580/99 b

Einreichung Jahresabschluss    eingelangt am 10.09.1999

11 eingetragen am 16.01.2004                                  Geschaftsfall                               32 Fr       80/04 k

Antrag auf Anderung    eingelangt am 09.01.2004

13 eingetragen am 07.10.2004                                  Geschaftsfall                               32 Fr    4474/04 y

Antrag auf Anderung    eingelangt am 20.09.2004

16 eingetragen am 18.07.2006                                  Geschaftsfall                              32 Fr    3550/06 g

Antrag auf Anderung    eingelangt am 12.07.2006

23 eingetragen am 19.01.2013                                  Geschaftsfall                              29 Fr      127/13 m

Elektronische Einreichung Jahresabschluss    eingelangt am 17.01.2013

 

 

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)

Heinz Ronald Mittermayr

1939-05-14

4060 Leonding Breitensteinweg 5

limited partner

4

Alexander Mittermayr

1966-07-12

4060 Leonding SchafferstraGe 48

limited partner, head of marketing

6

Karl Reingruber

 

4064 Oftering HorschingerstraGe 1(c/o)

head of purchasing

0

Brigitte Strohmeier

 

4064 Oftering HorschingerstraGe 1(c/o)

head of EDP

0

Helga Weitenthaler

 

4064 Oftering                        head of personnel

0

 

 

HorschingerstraGe 1(c/o)

 

 


Balance Sheet

(absolute) all amounts in EUR

2012-04-30

 

Franchises, patents, licences,

53.642,26

 

 

 

 

trademarks and similar rights

 

 

and advantages

 

 

Sum intangible assets

53.642,26

 

Land and leasehold rights with

20.327.155,19

 

 

 

 

buildings thereon including

 

 

 

 

 

building on land owned by

 

 

 

 

 

third parties

 

 

 

 

 

Other operating and business

1.249.346,50

 

 

 

 

equipment

 

 

 

 

 

Technical plants and

1.606.184,80

 

 

 

 

machines

 

 

 

 

 

Advanced payments and

14.571.089,40

 

 

 

 

constructions in progress

 

 

 

 

 

Sum tangible assets

37.753.775,89

 

 

 

 

 

Other shareholdings

145,34

 

 

 

 

Sum financial assets

145,34

 

 

 

 

 

Sum fixed assets

37.807.563,49

 

 

 

 

 

Raw-, auxiliary materials and

10.266.051,93

 

 

 

 

supplies

 

 

 

 

 

Unfinished products

384.955,19

 

 

 

 

Finished products

1.981.369,27

 

 

 

 

 

Sum stock

12.632.376,39

 

 

 

 

 

Claims from delivered goods

26.686.454,11

 

 

 

 

and performed services

 

 

 

 

 

Special account claims

387.300,22

 

 

 

 

Sum claims

27.073.754,33

 

 

 

 

 

Cash on hand, cheques and

26.816.345,95

 

 

 

 

bank deposits

 

 

 

 

 

Sum cash and bank

26.816.345,95

 

 

 

 

 

Sum current assets

66.522.476,67

 

 

 

 

 

Deferred charges

72.789,40

 

 

 

 

Sum deferred charges

72.789,40

 

 

 

 

Assets

104.402.829,56

 

 

 

 

 

 

Profit reserves

2.900.000,00

 

 

 

 

Balance sheet profit/balance sheet loss

18.369.465,81

 

 

 

 

Capital silent partner

719.461,06

 

 

 

 

Share general partner

7.267,28

 

 

 

 

Sum equity capital

21.996.194,15

 

 

 

 

 

Valuation reserves and other reserves before taxes

343.073,39

 

 

 

 

Sum reserves before taxes

343.073,39

 

 

 

 

 

Investment contributions

270.154,46

 

 

 

 

Sum floor capital

270.154,46

 

 

 

 

 

Reservesfor severance pays

949.200,00

 

 

 

 

Other reserves

2.393.675,37

 

 

 

 

Sum reserves

3.342.875,37

 

 

 

 

 

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

3.301.046,85

 

 

 

 

Other liabilities

75.146.510,93

 

 

 

 

Sum liabilities

78.447.557,78

 

 

 

 

 

Deferred income

2.974,41

 

 

 

 

Sum deferred income

2.974,41

 

 

 

 

Liabilities

104.402.829,56

 

 

 

 

 

Balance sheet sum                  104.402.829,56

 

 

P / L Account

(absolute) all amounts in EUR

 

 

     2012-04-30

 

 

 

 

Gross sales

85.360.787,22

 

 

 

 

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

993.027,80

 

 

 

 

Sum turnover or sum gross 86.353.815,02 profit

 

 

 

 

 

Profits from retirement of fixed assets, except financial assets

2.238.153,54

 

 

 

 

Other operating profits

1.128.008,89

 

 

 

 

Other operating profits totally

3.366.162,43

 

 

 

 

 


Costs for obtained services                                           -810.903,54

Special account material costs                                       -48.315.980,44

Costs for obtained services

Totally                                                                          -49.126.883,98

Wages                                                                          -3.039.930,90

Salaries                                                                        -4.175.837,54

Costs for severance pays                                              193.966,00

Legal fringe benefits and

other payments depending

on salaries                                                                    -1.888.468,91

Other social fringe benefits                                            -28.511,18

Personnel expenses totally                                            -9.326.714,53

Depreciation of intangible assets,

tangible assets,

activated

expenses for the set up and

expansion of business operation                                               -1.671.095,51

 

Depreciation tangible assets

/ intangible assets totally                                               -1.671.095,51

Different operating costs                                               -10.562.466,32

Other taxes                                                                   -26.118,69

Other operating costs totally                                          -10.588.585,01

Operating result totally                                     19.006.698,42

Interest income, securties income and similar income      422.606,02

Interest and similar disbursements                                  -1.059.896,19

Financial profits totally                                                -637.290,17

Results from usual business activity totally                 18.369.408,25

Annual surplus/annual deficit totally                            18.369.408,25

Dissolution reserves before taxes                                  57,56

Reserves movements totally                                          57,56

Annual profit/annual loss totally                                  18.369.465,81

B/S profit/ B/S loss from profit and loss account         18.369.465,81

 

 


Key ratios

 

 

 

      2012

 

 

 

 

 

Cash flow II

20.040.503,76

 

 

 

 

 

Debt amortisation period

2,74

 

 

 

 

 

Bank indebtedness

0,00

 

 

 

 

 

Equity capital share

21,65

 

 

 

 

 

Social capital share

0,90

 

 

 

 

 

Fixed assets coverage

62,31

 

 

 

 

 

Net profit ratio

21,27

 

 

 

 

 

Capital turnover

0,82

 

 

 

 

 

Return on investment

18,60

 

 

 

 

 

Cash flow in % of

operating

performance

23,20

 

 

 

 

 

Cash flow I

20.040.503,76

 

 

 

 

 

Gross productivity

9,25

 

 

 

 

 

Net productivity

3,99

 

 

 

 

 

Operating performance

86.353.815,02

 

 

 

 

 

Inventories in % of

operating

performance

14,62

 

 

 

 

 

Gross profit

37.226.931,04

 

 

 

 

 

 

 

Locations

 

 

Type

Locations

Description

 

Phone Fax

E-mail

operational

HorschingerstraGe 1, A-4064 Oftering

registered office

operational

HorschingerstraGe 1, A-4064 Oftering, (seit 14.07.2006)

registered headquarters, owned property

 

0043 7221 73399            0043 7221 73399 8290

office.linz@almi.at

operational

Baumgasse 64, A-1030 Wien

branch office, owned property

 

0043 1 7988131              0043 1 7983305

 

former

HarrachstraGe 46, A-4020 Linz

warehouse

former

SteinkellnerstraGe 20, A-4060 Leonding

registered office

 

 

former

SteinkellnerstraGe 20, A-4060 Leonding

registered headquarters

former

SchloGweg 2, A-3042 Wurmla

branch office

 


related companies

 

 

Company name

Postal code

 

 

Companies House

Shares in this company are held by:

Heinz-Ronald Mittermayr Beteiligungsges.m.b.H.

HorschingerstraGe 1, A-4064 Oftering

1992-06-16

 

FN 134800 k

Almi Ges.m.b.H.

HorschingerstraGe 1, A-4064 Oftering

1992-06-16

 

FN 80758 m

 

15

Almi Ges.m.b.H.

1

Gesellschaft mit beschrankter Haftung

13

EUR 4 0.000

 

1            Die Gesellschaft wird, wenn mehrere Geschaftsfuhrer

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

Die Generalversammlung kann,  auch wenn mehrere Geschafts­fuhrer bestellt sind,  einzelnen von ihnen selbstandige Vertretungsbefugnis erteilen.

 

1      Gesellschaftsvertrag   vom 28.01.1972

mit Nachtrag vom 21.02.1972 1                                                                                      001

 

Der Gesellschaftsvertrag wurde mehrfach geandert, zuletzt

mit Beschluss                                                                                                               002

 

1 der Generalversammlung   vom 23.12.1986

 

13      Gesellschafterbeschluss    vom 13.09.2004

gemaS 1.  Euro-JuBeG angepasst.                                                                                003

 

13      Gesellschafterbeschluss    vom 13.09.2004

Kapitalerhohung um EUR 3.663,59. Neufassung des Gesellschaftsvertrages.                   004

 

15     Gesellschafterbeschluss  (Notariatsakt)  vom 10.07.2006

Anderung des Gesellschaftsvertrages im Punkt 1.                                                           005

 

B     Heinz Mittermayr,  geb. 14.05.1939

3               vertritt seit 12.09.1998 selbstandig

H     Alexander Mittermayr,  geb. 12.07.1966

13                vertritt seit 13.09.2004 selbstandig

B     Heinz Mittermayr,  geb. 14.05.1939

13                .........................................          EUR 20.400

13                ...............................................................................................          EUR 20.400

G     Heinz-Ronald Mittermayr Beteiligungsges.m.b.H.

13                .........................................          EUR 19.600

13                ...............................................................................................          EUR 19.600

Summen:                        EUR 4 0.000                                    EUR 4 0.000

 


Bankers

 

Banker

Bank sort code

Type of banking connection

Raiffeisenbank Leonding, 4060 Leonding

34276

main bank connection

UniCredit Bank Austria AG, 4021 Linz/Donau

20151

secondary banking connection

Allgemeine Sparkasse Oberosterreich Bankaktienges., 4041 Linz

20320

secondary banking connection

Raiffeisenlandesbank Oberosterreich, 4021 Linz

34000

secondary banking connection

 

Historical development

 

 

Year of incorporation:

1931

Date of registration:

1961-05-26

 

Change of company name:

From

To

Company name

 

2006-07-18

"Almi" Alfred Mittermayr u. Sohne Gesellschaft m.b.H. & Co. KG.

2006-07-18

 

Almi Ges.m.b.H. & Co KG

 

Former shareholders:

From

To

Function

Name

1992-06-16

2003-05-15

limited partner

Alfred Mittermayr Beteiligungsges.m.b.H.

1992-06-16

2003-05-15

limited partner

Alfred Mittermayr

 


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.82

UK Pound

1

Rs.96.57

Euro

1

Rs.82.45

 

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%)

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.