|
Report Date : |
27.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAPPI PAPIER HOLDING GMBH |
|
|
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|
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Formerly Known As : |
Sappi Papier Holding AG |
|
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Registered Office : |
Brucker Straße 21, A-8101 Gratkorn |
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Country : |
Austria |
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Financials (as on) : |
30.09.2012 |
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Year of Establishments: |
1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Activities of holding companies · Wholesaler of paper in bulk |
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No. of Employees : |
190 (approximately) |
|
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 : |
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 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 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
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Company name: |
Sappi Papier Holding GmbH |
|
Status: |
active company |
|
Locations: |
Bruckerstraße 21, A-8101 Gratkorn |
|
Phone: |
0043 (3124) 201 - 2583 |
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Fax: |
0043 (3124) 201 - 561 |
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E-mail: |
|
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Internet: |
|
|
Activities: |
Önace 64200 60% Activities of holding companies |
|
|
Önace 46761 40% Wholesale of paper in bulk |
|
|
|
|
Probability of Default (Basel
II): |
0,07% 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. |
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|
|
|
Detail Assessment: |
Payment 200 Group's payments are made
using cash discounts or according to conditions. |
|
|
Assessment 250 Company is part of a group and therefore cannot be
evaluated separately. Financial situation in the group is in order. |
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|
Date
of collection order |
Amount presently due |
Amount presently paid |
Collection status quo |
since |
|
2013-04-08 |
EUR 0,00 |
EUR 2.190,00 |
payment due to intervention |
2013-04-16 |
|
Sums |
EUR 0,00 |
EUR 2.190,00 |
|
|
|
|
|
|
|
|
|
Year of incorporation: |
1997 |
|
Activities: |
|
|
Type of company: |
Financial and insurance activities |
|
Legal form: |
limited liability company since 1997-12-23 |
|
companies' house number: |
FN 167931 h Graz 1998-03-03 |
|
VAT number: |
ATU 49684202 |
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ARA-number: |
2060 |
|
number - Austrian National Bank: |
3879577 |
|
|
|
|
total turnover (total sales) |
2012 |
EUR 556.002.096,04 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 598.758.840,93 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 396.863.788,86 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 42.296.138,55 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 43.507.925,26 |
(exact) |
|
turnover (sales) - group |
2012 |
EUR 4.264.000.000,00 |
(estimated) |
|
turnover (sales) - group |
2011 |
EUR 4.555.000.000,00 |
(approx.) |
|
turnover (sales) - group |
2010 |
EUR 4.188.000.000,00 |
(approx.) |
|
turnover (sales) - group |
2009 |
EUR 3.438.000.000,00 |
(exact) |
|
total employees |
2013 |
190 |
(approx.) |
|
white collar workers |
2013 |
190 |
(approx.) |
|
total investments |
2012 |
EUR 1.561.454.678,43 |
(exact) |
|
firm
(style): |
|
19
Sappi Papier Holding GmbH |
|
legal
form: |
|
19
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
10
politischer Gemeinde Gratkorn |
|
business
adress: |
|
10
Brucker Straße 21 |
|
capital: |
|
13
EUR 72.700 |
|
reference
date annual accounts: |
|
2
30. September |
|
annual
accounts: |
|
63
zum 30.09.2012 eingereicht am 25.04.2013 |
|
consolidated
accounts: |
|
62
zum 30.09.2012 eingereicht am 25.06.2013 |
|
power
of representation: |
|
19
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
|
proxy: |
|
P
Ing. Siegfried Meissl, geb. 14.08.1954 |
|
managing
director: |
|
AJ
Berend John Wiersum, geb. 06.10.1955 |
|
shareholder: |
|
AA
Sappi Holding GmbH |
|
general
table: |
|
Handelsgericht Wien |
|
Real
estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Stephen Blyth |
1974-07-14 |
8101 Gratkorn Bruckerstraße 21(c/o) |
manager |
1 |
|
Mark Richard Gardner |
1955-08-15 |
ME 03904 Kittery Cove Landing 9 |
manager |
0 |
|
Jörg Harri Pässler |
1960-12-26 |
1170 Brüssel Chaussee de la Hulpe 154 |
manager |
2 |
|
Bernd Ross |
1959-08-26 |
1170 Brüssel chaussee de la Hulpe 154 |
manager |
1 |
|
Berend John Wiersum |
1955-10-06 |
2585 Den Haag Balistraat 99 |
manager |
2 |
|
Präsidiumsmitglied Dr. Manfred Hartinger |
1961-08-25 |
8045 Graz Andritz Am Eichengrund 27 |
joint signing clerk |
3 |
|
Matheus Jennekens |
1953-06-07 |
6211 AA Maastricht Biesenweg 16 |
joint signing clerk |
0 |
|
Victor Kamm |
1959-07-01 |
1170 Brüssel Chaussee de la Hulpe 154 |
joint signing clerk |
0 |
|
Mag. Bernd Köhldorfer |
1973-06-17 |
8330 Feldbach Unterweißenbach 252 |
joint signing clerk |
5 |
|
Ing. Siegfried Meissl |
1954-08-14 |
8152 Stallhofen Rassberg 86 |
joint signing clerk |
1 |
|
Laurence John Newman |
1956-09-29 |
1609 Elma Park Edenvale Elma Gardens Schonlandroad 5 |
joint signing clerk |
0 |
|
Dipl-Ing.Dr. Maximilian Oberhumer |
1958-06-24 |
8010 Graz Richard Wagnergasse 13 |
joint signing clerk |
3 |
|
Glen Thomas Pearce |
1963-06-22 |
8101 Gratkorn Bruckerstraße 21(c/o) |
joint signing clerk |
0 |
|
Ing. Siegfried Meissl |
|
8152 Stallhofen Rassberg 86(c/o) |
head of purchasing |
0 |
|
Guido Lauwers |
1956-06-29 |
1170 Brüssel Chaussee de la Hulpe 154 |
head of EDP |
0 |
|
Ing. Klaus Dieter Merzeder |
1944-06-12 |
8111 Judendorf Ringsiedlung 46 |
technical director |
2 |
(absolute) all
amounts in EUR
|
|
2012-09-30 |
|
Goodwill |
34.941.898,13 |
|
Franchises, patents, licences, trademarks and similar
rights and advantages |
4.963.765,02 |
|
Sum intangible assets |
39.905.663,15 |
|
Land and leasehold rights with buildings thereon including
building on land owned by third parties |
637.531,21 |
|
Other operating and business equipment |
891.917,05 |
|
Technical plants and machines |
0,33 |
|
Advanced payments and constructions in progress |
332.885,30 |
|
Sum tangible assets |
1.862.333,89 |
|
Shares on related firms |
3.635.164.899,19 |
|
Other shareholdings |
235.721.564,34 |
|
Loans to firms with a shareholding relationship |
668.789,32 |
|
Other financial assets, values and securities of fixed
assets |
5.592.750,28 |
|
Sum financial assets |
3.877.148.003,13 |
|
Sum fixed assets |
3.918.916.000,17 |
|
Claims from delivered goods and performed services |
28.351.681,33 |
|
Claims against related firmes Claims against companies
with shareholding relationship |
306.806.237,63 |
|
Special account claims |
5.711.419,30 |
|
Sum claims |
340.869.338,26 |
|
Sum current assets |
340.869.338,26 |
|
Deferred charges |
2.253.194,38 |
|
Sum deferred charges |
2.253.194,38 |
|
Assets |
4.262.038.532,81 |
|
Subscribed/declared capital |
72.700,00 |
|
Capital reserves |
1.300.000.000,00 |
|
Legal reserves |
7.270,00 |
|
Balance sheet profit/balance sheet loss |
280.653.664,76 |
|
Thereof profit/loss carried forward |
-14.369.021,29 |
|
Sum equity capital |
1.580.733.634,76 |
|
Valuation reserves and other reserves before taxes |
2.405.482,73 |
|
Sum reserves before taxes |
2.405.482,73 |
|
Reservesfor severance pays |
4.817.225,00 |
|
Reserves for pensions |
18.742.437,00 |
|
Other reserves |
9.447.816,42 |
|
Sum reserves |
33.007.478,42 |
|
Loans (including convertible loans) |
1.344.721.113,57 |
|
Liabilities against credit institutes |
194.637.154,85 |
|
Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
1.471.444,23 |
|
Liabilities against related firms |
1.096.994.702,35 |
|
Other liabilities |
6.125.044,53 |
|
Sum liabilities |
2.643.949.459,53 |
|
Deferred income |
1.942.477,37 |
|
Sum deferred income |
1.942.477,37 |
|
Liabilities |
4.262.038.532,81 |
|
Balance sheet sum |
4.262.038.532,81 |
(absolute) all
amounts in EUR
|
|
2012-09-30 |
|
Gross sales |
556.002.096,04 |
|
Sum turnover or sum gross profit |
556.002.096,04 |
|
Profits from retirement of fixed assets, except financial
assets |
1.916,60 |
|
Income from dissolution of reserves |
1.730,40 |
|
Other operating profits |
237.257,18 |
|
Other operating profits totally |
240.904,18 |
|
Costs for obtained services |
-107.459,99 |
|
Special account material costs |
-462.140.901,55 |
|
Costs for obtained services totally |
-462.248.361,54 |
|
Salaries |
-13.168.607,17 |
|
Costs for severance pays |
-729.009,55 |
|
Costs for old age pension |
-2.666.170,51 |
|
Legal fringe benefits and other payments depending on
salaries |
-3.147.537,41 |
|
Other social fringe benefits |
-47.871,43 |
|
Personnel expenses totally |
-19.759.196,07 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-8.450.335,05 |
|
Depreciation tangible assets / intangible assets
totally |
-8.450.335,05 |
|
Different operating costs |
-66.021.133,51 |
|
Other taxes |
-18.707,18 |
|
Other operating costs totally |
-66.039.840,69 |
|
Operating result totally |
-254.733,13 |
|
Profits from shareholdings |
242.376.936,73 |
|
Income from other securities and loans of financial
assets |
9.576.782,90 |
|
Interest income, securties income and similar income |
21.939.228,46 |
|
Profits from the retirement of and investment in financial
assets |
10.471.104,49 |
|
Disbursements from other financial assets and from securities
of current assets (e.g. depreciations) |
-12.601,28 |
|
Interest and similar disbursements |
-232.566.732,12 |
|
Financial profits totally |
51.784.719,18 |
|
Results from usual business activity
totally |
51.529.986,05 |
|
Taxes on income and profits |
17.136.000,00 |
|
Taxes on income and profits totally |
17.136.000,00 |
|
Annual surplus/annual deficit
totally |
68.665.986,05 |
|
Dissolution reserves before taxes |
473,00 |
|
Dissolution capital reserves |
226.356.227,00 |
|
Reserves movements totally |
226.356.700,00 |
|
Annual profit/annual loss
totally |
295.022.686,05 |
|
Profit and loss carried forward from previous year |
-14.369.021,29 |
|
Transfer of profits totally |
-14.369.021,29 |
|
B/S profit/ B/S loss from profit and
loss account |
280.653.664,76 |
|
|
2012 |
|
Cash flow II |
77.116.321,10 |
|
Debt amortisation period |
34,71 |
|
Bank indebtedness |
4,56 |
|
Equity capital share |
37,14 |
|
Social capital share |
0,55 |
|
Fixed assets coverage |
40,99 |
|
Net profit ratio |
9,26 |
|
Capital turnover |
0,13 |
|
Return on investment |
6,66 |
|
Cash flow in % of operating performance |
13,86 |
|
Cash flow I |
59.980.321,10 |
|
Gross productivity |
28,13 |
|
Net productivity |
4,74 |
|
Operating performance |
556.002.096,04 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
93.753.734,50 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Bruckerstraße 21, A-8101 Gratkorn |
registered headquarters, rented premises |
|
|
|
|
|
operational |
Alserstraße 21, A-1080 Wien |
branch office |
|
|
|
|
|
operational |
Brucker Straße 21, A-8101 Gratkorn |
registered office |
|
|
|
|
|
operational |
Alserstraße 21, A-1080 Wien |
registered branch office |
|
|
|
|
|
former |
Seilergasse 16, A-1010 Wien |
registered office |
|
|
|
|
|
former |
Kirchberggasse 33 - 35, A-1070 Wien |
registered branch office |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are
held by: |
||||
|
Sappi Holding GmbH |
Bruckerstraße 21, A-8101 Gratkorn |
100 % 2003-07-12 |
|
FN 165965 t |
|
|
||||
|
This company holds 100% of the
shares in: |
||||
|
PE Paper Escrow GmbH |
Teinfaltstraße 8, A-1010 Wien |
100 % 2009-09-04 |
|
FN 315874 x |
|
Sappi Esus Beteiligungsverwaltungs GmbH |
Am Fischhof 3, A-1010 Wien |
100 % 2005-09-09 |
|
FN 261911 p |
|
|
||||
|
This company holds 50% to 99%
of the shares in: |
||||
|
Sappi Gratkorn GmbH |
Bruckerstraße 21, A-8101 Gratkorn |
99.61 % 2000-10-12 |
|
FN 69000 x |
|
|
||||
|
Affiliated companies and
further participations: |
||||
|
Papierholz Austria GmbH |
Frantschach 39, A-9413 St. Gertraud |
|
|
FN 119980 t |
|
"Leykam" Gemeinnützige Wohn-, Bau- und
Siedlungsgesellschaft m.b.H. |
Bruckerstraße 17, A-8101 Gratkorn |
|
|
FN 55648 k |
|
Wasserverband Region Gratkorn Gratwein |
Bruckerstraße 21, A-8101 Gratkorn |
|
|
|
|
Sappi MagnoStar GmbH |
Bruckerstraße 21, A-8101 Gratkorn |
|
|
FN 140031 d |
|
Sappi Austria GmbH |
Bruckerstraße 21, A-8101 Gratkorn |
|
|
FN 96239 d |
|
Sappi Austria Vertriebs-GmbH & Co. KG |
Alserstraße 21, A-1080 Wien |
2002-07-02 |
|
FN 223717 x |
|
Sappi Austria Produktions-GmbH & Co. KG |
Bruckerstraße 21, A-8101 Gratkorn |
2002-07-04 |
|
FN 223882 p |
|
Wasserverband Region Gratkorn Gratwein |
Bruckerstraße 21, A-8101 Gratkorn |
|
|
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
main bank connection |
|
Year of incorporation: |
1997 |
|
Date of registration: |
1998-03-03 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2000-12-11 |
SAPPI Papier Holding Aktiengesellschaft |
|
2000-12-11 |
2000-12-13 |
SAPPI Papier Holding AG |
|
2000-12-13 |
2003-07-14 |
Sappi Papier Holding AG |
|
2003-07-14 |
|
Sappi Papier Holding GmbH |
|
Change of legal form: |
||
|
From |
To |
Legal form |
|
|
2003-07-14 |
joint stock company |
|
2003-07-14 |
|
limited liability company |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2001-07-09 |
ATS 1.000.000,00 |
|
2001-07-09 |
|
EUR 72.700,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
2003-07-12 |
2004-04-24 |
manager |
Jonathan Leslie |
|
2003-07-12 |
2004-04-24 |
manager |
Mark Thompson |
|
2003-07-12 |
2004-04-24 |
manager |
Don Wilson |
|
2004-04-24 |
2004-06-29 |
manager |
Kathleen Walters |
|
2004-04-24 |
2005-08-26 |
manager |
Martin Hugh |
|
2004-06-29 |
2006-07-04 |
manager |
Dr. John Leonhard Job |
|
2004-12-16 |
2006-07-26 |
manager |
Henri Willem Josephus Zondag |
|
2005-04-02 |
2007-12-06 |
manager |
Veronika Hagen |
|
2000-02-18 |
2003-07-12 |
member of the executive board |
Dkfm. Wolfgang Pfarl |
|
2002-04-09 |
2003-07-12 |
member of the executive board |
Michael Turner |
|
2002-04-09 |
2003-07-12 |
member of the executive board |
Kathleen Walters |
|
1998-03-03 |
2003-07-12 |
chairman of the supervisory board |
Eugene van As |
|
1998-03-03 |
2000-02-18 |
deputy chairman of the supervisory board |
William Edward Hewitt |
|
2000-02-18 |
2003-07-12 |
deputy chairman of the supervisory board |
Don Wilson |
|
1998-03-03 |
2000-02-18 |
member of the supervisory board |
Andries Gerd Johannes Vlok |
|
2000-02-18 |
2001-04-27 |
member of the supervisory board |
Trevor Larkan |
|
2000-02-18 |
2003-07-12 |
member of the supervisory board |
Robert Hope |
|
2001-07-07 |
2003-07-12 |
member of the supervisory board |
Dr. Werner Huber |
|
2000-02-18 |
2003-07-12 |
member of the supervisory board |
Mark Thompson |
|
2003-07-12 |
2003-12-19 |
manager |
William Herbert Sheffield |
|
2004-04-24 |
2007-12-06 |
manager |
Hugh Martin |
|
2003-07-12 |
2007-12-06 |
manager |
Dkfm. Wolfgang Pfarl |
|
2004-04-24 |
2007-12-06 |
manager |
Michael Turner |
|
2003-07-12 |
2008-11-14 |
manager |
Kaj Peter Buchardi |
|
2001-04-27 |
2003-12-11 |
joint signing clerk |
Dipl-Ing.Dr. Bernhard Kalb |
|
2001-04-27 |
2004-03-27 |
joint signing clerk |
Mag. Christa Peißl |
|
2002-04-09 |
2005-04-02 |
joint signing clerk |
Dr. Kurt Sibetschnik |
|
2001-04-27 |
2005-08-26 |
joint signing clerk |
Ing.Mag. Robert Hochmayer |
|
2002-04-13 |
2008-11-14 |
joint signing clerk |
Mag.Dr. Hubert Gebreiter |
|
2002-04-09 |
2008-11-14 |
joint signing clerk |
Guido Lauwers |
|
2001-07-07 |
2003-07-12 |
chairman of the executive board |
William Herbert Sheffield |
|
1998-03-03 |
2000-02-18 |
member of the executive board |
Dipl-Ing. Franz Richard Neudeck |
|
1998-03-03 |
2001-04-27 |
member of the executive board |
Kaj Peter Burchardi |
|
2000-02-18 |
2001-04-27 |
member of the executive board |
Mag.Dr. Hubert Gebreiter |
|
2001-04-27 |
2001-12-04 |
member of the executive board |
Trevor Larkan |
|
2001-04-27 |
2003-07-12 |
member of the executive board |
Monte Haymon |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
1999-06-15 |
2000-01-18 |
Sappi Europe Österreich GmbH |
|
2000-06-30 |
2000-07-19 |
Sappi Anteilsverwaltungs GmbH |
|
2002-01-10 |
2002-05-16 |
Sappi Austria GmbH |
|
2000-09-27 |
2002-06-01 |
Sappi Mediterra GmbH |
|
2000-09-27 |
2002-07-02 |
Sappi Mitteleuropa GmbH |
|
2002-06-21 |
2002-07-04 |
Sappi Papier- und Zellstoff GmbH |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2000-07-31 |
merged with |
Sappi Anteilsverwaltungs GmbH |
|
2000-05-31 |
merged with |
Leykam-Mürztaler Papier und Zellstoff
Aktiengesellschaft |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.23 |
|
UK Pound |
1 |
Rs.100.01 |
|
Euro |
1 |
Rs.85.93 |
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.