|
Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
EMC COMPUTER SYSTEMS AUSTRIA GMBH |
|
|
|
|
Registered Office : |
Wienerbergstraße 41-43, A-1120 Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1997 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject involved in the sale of machinery, industrial equipment, ships
and aircraft |
|
|
|
|
No. of Employees : |
642 |
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 |
|
KSV-number: |
896944 |
|
Last up-date: |
2013-12-19 |
|
Company name: |
EMC COMPUTER SYSTEMS AUSTRIA GMBH |
|
Status: |
active company |
|
Locations: |
Wienerbergstraße 41-43, A-1120 Wien |
|
Phone: |
0043 (1) 59952 |
|
Fax: |
0043 (1) 59952 - 900 |
|
E-mail: |
austria_office@emc.com |
|
Internet: |
http://emc2.at |
|
Internet: |
http://emc.com |
|
Activities: |
Önace 46140 100% Agents involved in the sale of machinery, industrial
equipment, ships and aircraft |
|
|
|
|
Detail Assessment: |
Payments are made within net agreements. |
|
|
Financial situation is satisfactory. |
|
Year of incorporation: |
1997 |
|
Activities: |
|
|
Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
Legal form: |
limited liability company since 1997-06-23 |
|
companies' house number: |
FN 160018 x Wien 1997-06-28 |
|
ARA-number: |
10918 |
|
VAT number: |
ATU 43027201 |
|
number - Austrian National Bank: |
3641708 |
|
total turnover (total sales) |
2012 |
EUR 140.568.933,27 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 103.106.656,17 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 78.877.764,25 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 75.095.262,79 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 60.414.032,36 |
(exact) |
|
total employees |
2013 |
642 |
(approx.) |
|
total company vehicles |
2013 |
80 |
(approx.) |
|
leasing vehicles |
2013 |
80 |
(approx.) |
|
cars |
2013 |
80 |
(approx.) |
|
firm (style): |
|
1
EMC Computer Systems Austria GmbH |
|
legal form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered office: |
|
1
politischer Gemeinde Wien |
|
business adress: |
|
9 Wienerbergstraße 41-43, Euro Plaza, 1120 Wien, 4. Stock |
|
capital: |
|
12 EUR 36.336,42 |
|
reference date annual accounts: |
|
1
31. Dezember |
|
annual accounts: |
|
37 zum 31.12.2012 eingereicht am
19.09.2013 |
|
power of representation: |
|
1 Die Gesellschaft wird, wenn
mehrere Geschäftsführer |
|
proxy: |
|
F Denis Cashman, geb.
03.07.1960 |
|
managing director: |
|
A Paul Thomas Dacier, geb.
21.12.1957 |
|
shareholder: |
|
S EMC IRELAND HOLDINGS |
|
general table: |
|
Handelsgericht Wien |
|
Real estate KSV text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Paul Thomas Dacier |
1957-12-21 |
03038 Derry Nine Colony Brook Lane New Hampshire |
manager |
0 |
|
William Joseph Teuber |
1951-09-18 |
02468 Waban Ferncroft Road 46 |
manager |
0 |
|
Denis Cashman |
1960-07-03 |
- Cork Berkeley Blackrock 4 |
individual signing clerk |
0 |
|
Paul Foley |
1974-11-22 |
1180 Wien Anastasius Grüngasse 44 |
individual signing clerk |
0 |
|
Martin Hammerschmid |
1967-05-13 |
5020 Salzburg Schwanthalerstraße 46 |
individual signing clerk |
0 |
|
|
Student |
|||
|
Mark Hanley |
1964-09-14 |
1180 Wien Edmund Weissgasse 15-17 |
individual signing clerk |
0 |
|
Elisabeth Heinrich |
1975-12-19 |
7122 Gols Wassergasse 2 |
individual signing clerk |
0 |
|
Mag. Silvia Mende |
1967-03-18 |
1060 Wien Aegidigasse 7-11 |
individual signing clerk |
0 |
|
Sabine Schench |
|
1120 Wien Am Europlatz 1(c/o) |
head of purchasing |
0 |
|
Barbara Kalab-Brandner |
|
1120 Wien Am Europlatz 1(c/o) |
head of personnel |
0 |
|
|
2012-12-31 |
|
|
|
|
|
EDP programs |
1.117,63 |
|
|
|
|
|
Sum intangible assets |
1.117,63 |
|
|
|
|
|
|
|||||
|
Land with buildings (building value) |
1.007.637,55 |
|
|
|
|
|
Other operating and business equipment |
2.666.209,03 |
|
|
|
|
|
Advanced payments and constructions in progress |
61.805,02 |
|
|
|
|
|
Sum tangible assets |
3.735.651,60 |
|
|
|
|
|
|
|||||
|
Other financial assets, values and securities of fixed assets |
445.551,12 |
|
|
|
|
|
Special account financial assets |
4.457.653,64 |
|
|
|
|
|
Sum financial assets |
4.903.204,76 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
8.639.973,99 |
|
|
|
|
|
|
|||||
|
Outstanding service claims |
3.951.784,11 |
|
|
|
|
|
Sum stock |
3.951.784,11 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
41.541.433,81 |
|
|
|
|
|
Claims against related firmes Claims against companies with
shareholding relationship |
11.676.734,21 |
|
|
|
|
|
Special account claims |
2.122.402,90 |
|
|
|
|
|
Sum claims |
55.340.570,92 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
13.329.855,80 |
|
|
|
|
|
Sum cash and bank |
13.329.855,80 |
|
|
|
|
|
|
|||||
|
Sum current assets |
72.622.210,83 |
|
|
|
|
|
|
|||||
|
Deferred charges |
8.234.942,61 |
|
|
|
|
|
Sum deferred charges |
8.234.942,61 |
|
|
|
|
|
Assets |
89.497.127,43 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
36.336,42 |
|
|
|
|
|
Capital reserves |
62.978,92 |
|
|
|
|
|
Legal reserves |
3.633,64 |
|
|
|
|
|
Free reserves |
83.853,93 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
19.130.191,19 |
|
|
|
|
|
Thereof profit/loss carried forward |
14.936.157,96 |
|
|
|
|
|
Sum equity capital |
19.316.994,10 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
5.513.763,52 |
|
|
|
|
|
Reserves for pensions |
5.331.953,06 |
|
|
|
|
|
Tax reserves |
1.168.400,00 |
|
|
|
|
|
Other reserves |
13.865.495,50 |
|
|
|
|
|
Sum reserves |
25.879.612,08 |
|
|
|
|
|
|
|||||
|
Received advanced payments for orders |
1.636.502,36 |
|
|
|
|
|
Liabilities from delivered goods and performed services |
2.933.828,95 |
|
|
|
|
|
Liabilities against related firms |
588.405,88 |
|
|
|
|
|
Other liabilities |
2.045.060,59 |
|
|
|
|
|
Sum liabilities |
7.203.797,78 |
|
|
|
|
|
|
|||||
|
Deferred income |
37.096.723,47 |
|
|
|
|
|
Sum deferred income |
37.096.723,47 |
|
|
|
|
|
Liabilities |
89.497.127,43 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
89.497.127,43 |
|
|
|
|
|
|
2012-12-31 |
|
|
|
|
|
Gross sales |
140.568.933,27 |
|
|
|
|
|
Increase or decrease in finished and unfinished goods and in service
claims |
312.281,07 |
|
|
|
|
|
Total turnover or gross profit |
140.881.214,34 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial assets |
19.892,44 |
|
|
|
|
|
Other operating profits |
7.165.836,16 |
|
|
|
|
|
Other operating profits totally |
7.185.728,60 |
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-10.514.290,04 |
|
|
|
|
|
Costs for obtained services totally |
-10.514.290,04 |
|
|
|
|
|
|
|||||
|
Salaries |
-76.479.657,25 |
|
|
|
|
|
Costs for severance pays |
-2.011.959,88 |
|
|
|
|
|
Costs for old age pension |
-1.538.714,67 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-6.395.136,98 |
|
|
|
|
|
Other social fringe benefits |
-605.330,24 |
|
|
|
|
|
Personnel expenses totally |
-87.030.799,02 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-2.040.303,27 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-2.040.303,27 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-41.656.141,78 |
|
|
|
|
|
Total costs |
-41.656.141,78 |
|
|
|
|
|
|
|||||
|
Operating result totally |
6.825.408,83 |
|
|
|
|
|
|
|||||
|
Profits from the retirement of and investment in financial assets and
securities of current assets |
24.413,76 |
|
|
|
|
|
Interest income, securties income and similar income |
14.489,10 |
|
|
|
|
|
Financial profits totally |
38.902,86 |
|
|
|
|
|
|
|||||
|
Results from usual business activity totally |
6.864.311,69 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-2.670.278,46 |
|
|
|
|
|
Taxes on income and profits totally |
-2.670.278,46 |
|
|
|
|
|
Annual surplus/annual deficit totally |
4.194.033,23 |
|
|
|
|
|
|
|||||
|
Annual profit/annual loss totally |
4.194.033,23 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
14.936.157,96 |
|
|
|
|
|
Transfer of profits totally |
14.936.157,96 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
19.130.191,19 |
|
|
|
|
|
|
2012 |
|
|
|
|
|
|
Cash flow II |
6.234.336,50 |
|
|
|
|
|
|
Debt amortisation period |
2,90 |
|
|
|
|
|
|
Bank indebtedness |
0,00 |
|
|
|
|
|
|
Equity capital share |
21,98 |
|
|
|
|
|
|
Social capital share |
12,11 |
|
|
|
|
|
|
Fixed assets coverage |
349,10 |
|
|
|
|
|
|
Net profit ratio |
4,87 |
|
|
|
|
|
|
Capital turnover |
1,57 |
|
|
|
|
|
|
Return on investment |
7,66 |
|
|
|
|
|
|
Cash flow in % of operating performance |
4,42 |
|
|
|
|
|
|
Cash flow I |
8.904.614,96 |
|
|
|
|
|
|
Gross productivity |
1,61 |
|
|
|
|
|
|
Net productivity |
1,49 |
|
|
|
|
|
|
Operating performance |
140.881.214,34 |
|
|
|
|
|
|
Inventories in % of operating performance |
2,80 |
|
|
|
|
|
|
Gross profit |
130.366.924,30 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Wienerbergstraße 41-43, A-1120 Wien, Euro Plaza, 4. Stock |
registered headquarters |
|
|
|
austria_office@emc.com |
|
operational |
Wienerbergstraße 41-43/4, A-1120 Wien, Euro Plaza |
registered office |
|
|
|
|
|
operational |
Wienerstraße 131, A-4020 Linz, (seit Ende 1999) |
office |
|
|
|
|
|
former |
Mariahilferstraße 123, A-1060 Wien |
registered office |
|
|
|
|
|
former |
Wienerbergstraße 41-43 (Euro Plaza), A-1120 Wien |
registered headquarters |
|
|
|
|
|
former |
Mariahilferstraße 123/2/2, A-1060 Wien |
registered headquarters |
|
|
|
|
|
Company name |
|
Stake in % |
KSV-number |
|
|
Shares in this company are held by: |
||||
|
EMC IRELAND HOLDINGS |
Sir John Rogerson Quay 70 Dublin, IRL |
100 % 2010-01-15 |
1.758.867 |
|
|
Banker |
Bank sort code |
Type of banking connection |
|
Citibank International plc - Austria Branch, 1015 Wien |
18140 |
main bank connection |
|
UniCredit Bank Austria AG, 1011 Wien |
11000 |
secondary banking connection |
|
Year of incorporation: |
1997 |
|
Date of registration: |
1997-06-28 |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2003-09-25 |
ATS 500.000,00 |
|
2003-09-25 |
|
EUR 36.336,42 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
1997-08-23 |
2003-05-14 |
manager |
Bill Teuber |
|
1997-08-23 |
2003-05-14 |
individual signing clerk |
Adrian Mc Donald |
|
2000-10-11 |
2005-03-31 |
individual signing clerk |
Magdalena Therese Flügel |
|
2005-03-31 |
2007-08-22 |
joint signing clerk |
Paul Foley |
|
2008-09-19 |
2010-09-18 |
individual signing clerk |
Thomas Barwinek |
|
1997-08-23 |
2000-10-11 |
joint signing clerk |
Rudolf Eschka |
|
2005-03-31 |
2006-07-06 |
joint signing clerk |
Leopold Miklas |
|
2007-08-22 |
2008-09-19 |
individual signing clerk |
Elisabeth Laschober |
|
2007-08-22 |
2008-09-19 |
individual signing clerk |
Luka Topic |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2004-08-13 |
2010-01-05 |
partner |
EMC Corporation |
|
1997-06-23 |
2004-08-13 |
partner |
EMC International Holdings PTD Inc. |
|
2010-01-05 |
2010-01-13 |
partner |
EMC GROUP 1 LIMITED |
|
2010-01-13 |
2010-01-15 |
partner |
EMC INTERNATIONAL COMPANY |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2005-11-09 |
merged with |
LEGATO SYSTEMS GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.84.65 |
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.