|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
WATERS GESELLSCHAFT M.B.H. |
|
|
|
|
Registered Office : |
Hietzinger Hauptstraße 145, A-1130 Wien |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
18.07.1994 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of electronic and telecommunications equipment and parts |
|
|
|
|
No. of Employees : |
35 |
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, 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 |
|
Company name: |
WATERS GESELLSCHAFT M.B.H. |
|
Status: |
active company |
|
Locations: |
Hietzinger Hauptstraße 145, A-1130 Wien |
|
Phone: |
0043 (1) 8771807 |
|
Fax: |
0043 (1) 8771808 |
|
E-mail: |
vienna@waters.com |
|
Internet: |
http://www.waters.at |
|
Activities: |
Önace 46520 100% Wholesale of electronic and telecommunications
equipment and parts |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel II): |
0,14% 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. |
|
Year of incorporation: |
1994 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
||||
|
Legal form: |
limited liability company since 1994-07-18 |
|
||||
|
companies' house number: |
FN 110394 w Wien 1994-08-05 |
|
||||
|
VAT number: |
ATU 15050405 |
|
||||
|
ARA-number: |
7657 |
|
||||
|
number - Austrian National Bank: |
2305186 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
Ireland |
|
2013 |
|
||
|
Import |
Netherlands |
|
2013 |
|
||
|
Import |
Great Britain and Northern Ireland / United Kingdom |
|
2013 |
|
||
|
Import |
USA |
|
2013 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
India |
|
2013 |
|
|
Export |
Eastern Europe |
|
2013 |
|
|
Export |
Middle East |
|
2013 |
|
Financial data:
|
total turnover (total sales) |
2012 |
EUR 93.320.034,43 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 102.976.197,55 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 91.405.516,45 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 69.672.717,63 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 78.901.499,41 |
(exact) |
|
total employees |
2013 |
35 |
(approx.) |
|
white collar workers |
2013 |
35 |
(approx.) |
|
total stock |
2013 |
EUR 200.000,00 |
(average) |
Extraxt from the Companies' House:
|
firm (style): |
|
1 Waters Gesellschaft
m.b.H. |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde Wien |
|
business adress: |
|
1 Hietzinger Hauptstraße
145 |
|
capital: |
|
1 ATS 500.000 |
|
reference date
annual accounts: |
|
1 31. Dezember |
|
annual accounts: |
|
32 zum 31.12.2012
eingereicht am 27.05.2013 |
|
power of
representation: |
|
1 Die Generalversammlung bestimmt,
wenn mehrere Geschäfts- |
|
proxy: |
|
I Eugene Burns, geb.
21.05.1963 |
|
managing
director: |
|
J Ing. Herbert Ottner, geb.
17.10.1964 |
|
shareholder: |
|
B Waters Technologies
Corporation |
|
general table: |
|
Handelsgericht Wien |
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) |
|
Michael Cornelius Harrington |
1960-10-09 |
78380 Bougival Pavillon Chemin de Halage B15 |
manager |
0 |
|
Ing. Herbert Ottner |
1964-10-17 |
2380 Perchtoldsdorf Franz Lehargasse 6 |
manager |
0 |
|
Eugene Burns |
1963-05-21 |
3021 Preßbaum Piettegasse 26 |
individual signing clerk, head of accounting, head of EDP, head of personnel |
1 |
|
Andrea Hofmann |
|
1130 Wien Hietzinger Hauptstraße 145(c/o) |
head of marketing |
0 |
Balance Sheet (absolute) all amounts in EUR
|
|
2012-12-31 |
|
|
|
|
|
Land with buildings (building value) |
77.516,76 |
|
|
|
|
|
Other operating and business equipment |
36.040,39 |
|
|
|
|
|
Sum tangible assets |
113.557,15 |
|
|
|
|
|
|
|||||
|
Shares on related firms |
28.254,82 |
|
|
|
|
|
Sum financial assets |
28.254,82 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
141.811,97 |
|
|
|
|
|
|
|||||
|
Finished products |
1.676.075,70 |
|
|
|
|
|
Sum stock |
1.676.075,70 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
15.916.268,25 |
|
|
|
|
|
Claims against related firmes Claims against companies with
shareholding relationship |
143.976,39 |
|
|
|
|
|
Special account claims |
119.214,68 |
|
|
|
|
|
Sum claims |
16.179.459,32 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
2.161.327,19 |
|
|
|
|
|
Sum cash and bank |
2.161.327,19 |
|
|
|
|
|
|
|||||
|
Sum current assets |
20.016.862,21 |
|
|
|
|
|
|
|||||
|
Deferred charges |
9.947,92 |
|
|
|
|
|
Sum deferred charges |
9.947,92 |
|
|
|
|
|
Assets |
20.168.622,10 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
36.336,42 |
|
|
|
|
|
Capital reserves |
499.553,06 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
4.212.110,86 |
|
|
|
|
|
Thereof profit/loss carried forward |
3.016.251,08 |
|
|
|
|
|
Sum equity capital |
4.748.000,34 |
|
|
|
|
|
|
|||||
|
Reservesfor severance pays |
407.396,00 |
|
|
|
|
|
Other reserves |
1.086.110,05 |
|
|
|
|
|
Sum reserves |
1.493.506,05 |
|
|
|
|
|
|
|||||
|
Received advanced payments for orders |
1.513.703,38 |
|
|
|
|
|
Liabilities from delivered goods and performed services from the
acceptance of drafts and emission of promissory notes |
1.688.971,77 |
|
|
|
|
|
Liabilities against related firms |
8.338.911,03 |
|
|
|
|
|
Other liabilities |
191.811,06 |
|
|
|
|
|
Sum liabilities |
11.733.397,24 |
|
|
|
|
|
|
|||||
|
Deferred income |
2.193.718,47 |
|
|
|
|
|
Sum deferred income |
2.193.718,47 |
|
|
|
|
|
Liabilities |
20.168.622,10 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
20.168.622,10 |
|
|
|
|
P / L Account (absolute) all amounts in EUR
|
|
2012-12-31 |
|
|
|
|
|
Gross sales |
93.320.034,43 |
|
|
|
|
|
Sum turnover or sum gross profit |
93.320.034,43 |
|
|
|
|
|
|
|||||
|
Other operating profits |
6.233.942,73 |
|
|
|
|
|
Other operating profits totally |
6.233.942,73 |
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-78.971.342,37 |
|
|
|
|
|
Costs for obtained services totally |
-78.971.342,37 |
|
|
|
|
|
|
|||||
|
Salaries |
-2.618.473,43 |
|
|
|
|
|
Costs for severance pays |
-14.489,00 |
|
|
|
|
|
Costs for old age pension |
-60.000,00 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-448.757,88 |
|
|
|
|
|
Other social fringe benefits |
-238.353,28 |
|
|
|
|
|
Personnel expenses totally |
-3.380.073,59 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-78.803,08 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-78.803,08 |
|
|
|
|
|
|
|||||
|
Different operating costs |
-15.314.639,68 |
|
|
|
|
|
Other taxes |
-332.816,39 |
|
|
|
|
|
Other operating costs totally |
-15.647.456,07 |
|
|
|
|
|
|
|||||
|
Operating result totally |
1.476.302,05 |
|
|
|
|
|
|
|||||
|
Interest income, securties income and similar income |
333,40 |
|
|
|
|
|
Interest and similar disbursements |
-5.818,44 |
|
|
|
|
|
Financial profits totally |
-5.485,04 |
|
|
|
|
|
|
|||||
|
Results from usual business activity totally |
1.470.817,01 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-274.957,23 |
|
|
|
|
|
Taxes on income and profits totally |
-274.957,23 |
|
|
|
|
|
Annual surplus/annual deficit totally |
1.195.859,78 |
|
|
|
|
|
|
|||||
|
Annual profit/annual loss totally |
1.195.859,78 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
3.016.251,08 |
|
|
|
|
|
Transfer of profits totally |
3.016.251,08 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
4.212.110,86 |
|
|
|
|
Key ratios
|
|
2012 |
|
|
|
|
|
|
Cash flow II |
1.274.662,86 |
|
|
|
|
|
|
Debt amortisation period |
7,49 |
|
|
|
|
|
|
Bank indebtedness |
0,00 |
|
|
|
|
|
|
Equity capital share |
25,45 |
|
|
|
|
|
|
Social capital share |
2,01 |
|
|
|
|
|
|
Fixed assets coverage |
3.635,37 |
|
|
|
|
|
|
Net profit ratio |
1,57 |
|
|
|
|
|
|
Capital turnover |
4,62 |
|
|
|
|
|
|
Return on investment |
7,32 |
|
|
|
|
|
|
Cash flow in % of operating performance |
1,36 |
|
|
|
|
|
|
Cash flow I |
1.549.620,09 |
|
|
|
|
|
|
Gross productivity |
27,60 |
|
|
|
|
|
|
Net productivity |
4,24 |
|
|
|
|
|
|
Operating performance |
93.320.034,43 |
|
|
|
|
|
|
Inventories in % of operating performance |
1,79 |
|
|
|
|
|
|
Gross profit |
14.348.692,06 |
|
|
|
|
|
Locations
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered office, rented premises |
|
|
|
|
|
operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered headquarters, rented premises |
|
|
|
vienna@waters.com |
related companies:
|
Company name |
Postal code |
Stake in % |
KSV-number |
|
|
Shares in this company are held by: |
||||
|
Waters Corporation |
34 Maple Street , 01757 Milford, Massachusetts, USA |
100 % 1994-08-17 |
630.602 |
|
Bankers:
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
main bank connection |
|
|
The Royal Bank of Scotland N.V., 1011 Wien |
19985 |
secondary banking connection |
|
|
|
|
||
Historical development:
|
Year of incorporation: |
1994 |
|
Date of registration: |
1994-08-05 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
1998-05-07 |
manager |
Richard Henry Payne |
|
|
1998-10-22 |
manager |
Ing.Mag. Stefan Neubauer |
|
|
2002-01-10 |
manager |
Philip Taymor |
|
2003-08-15 |
2004-05-07 |
manager |
Eugene Burns |
|
1998-05-07 |
2004-05-07 |
manager |
Dr. Hartmut Rabich |
|
2004-05-07 |
2006-12-06 |
manager |
Richard Henry Payne |
|
2002-01-10 |
2008-01-22 |
manager |
John Alden Ornell |
|
1998-10-22 |
2003-08-15 |
individual signing clerk |
Eugene Burns |
|
1998-10-22 |
2004-05-07 |
individual signing clerk |
Ing. Herbert Ottner |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.