MIRA INFORM REPORT

 

 

Report Date :

04.01.2013

 

IDENTIFICATION DETAILS

 

Name :

TECHNOPAC AUSTRIA GMBH

 

 

Registered Office :

Lilienfelderstraße  46, A-3150 Wilhelmsburg Traisen

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

2011

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of other household goods

 

 

No. of Employees :

8 (Approx.)

 

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 :

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 – 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

 

Company name:

TECHNOPAC AUSTRIA GMBH

Status:

active company

Locations:

Lilienfelderstraße  46, A-3150 Wilhelmsburg Traisen

Phone:

0043 (2746) 33060

Fax:

0043 (2746) 33060 - 19

E-mail:

info@technopac.at

Internet:

http://www.technopac.at

Activities:

Önace 46499 100% Wholesale of other household goods n.e.c.

 

General Assessment:

Model: CompanyScore

Probability of Default (Basel II):

0,78%

Low risk

comparison:

The Rating of this company meets industry average.

Recommendation:

In respect to solvency reasons, there is nothing to say against an establishment of a business relationship.

 

Detail Assessment:

Payment

As far as insight is possible, payments are mostly made according to conditions, nothing detrimental known. No experience of importance at present.

 

Assessment

Financial situation is average.

 

 

Additional company information

 

Year of incorporation:

2011

 

Type of company:

Wholesale and retail trade; repair of motor vehicles

 

Legal form:

limited liability company since 2011-12-05

 

companies' house number:

FN 372917 h St. Pölten 2011-12-22

 

Activities:

 

 

VAT number:

ATU 66859946

 

number - Austrian National Bank:

11238534

 

 

 

 

Import 

Country 

 

 

 

Import

world-wide

 

2012

 

 

Financial data:

 

total turnover (total sales)

2012

EUR  3.500.000,00

(approx.)

total employees

2012

8

(approx.)

total company vehicles

2012

2

(exact)

Extraxt from the Companies' House:

firm (style):

    1      TechnoPac Austria GmbH

legal form:

    1      Gesellschaft mit beschränkter Haftung

registered office:

    1      politischer Gemeinde Wilhelmsburg

business adress:

    1      Lilienfelder Straße 46
           3150 Wilhelmsburg an der Traisen

capital:

    1      EUR 50.000

reference date annual accounts:

    1      31. Dezember

annual accounts:

    4      zum 31.12.2011 eingereicht am 18.09.2012

power of representation:

    1      Die Vertretungsbefugnis der Geschäftsführer wird im
           Gesellschafterbeschluss geregelt.
    1   Erklärung über die Errichtung der Gesellschaft                      001
          vom 05.12.2011

proxy:

         B   Roswitha Zöchling, geb. 22.08.1973
    3        vertritt seit 03.09.2012 gemeinsam mit
             einem Geschäftsführer oder einem weiteren Prokuristen
         E   Patricia Cech, geb. 09.10.1965
    3        vertritt seit 03.09.2012 gemeinsam mit
             einem Geschäftsführer oder einem weiteren Prokuristen

managing director:

         D   Sonja Gröger, geb. 24.09.1967
    3        vertritt seit 03.09.2012 selbständig

shareholder:

         B   Roswitha Zöchling, geb. 22.08.1973
    2        ......................    EUR 2.500
    2        .................................................    EUR 2.500
         C   Peter Mühlbacher, geb. 01.05.1964
    2        ......................    EUR 2.500
    2        .................................................    EUR 2.500
         D   Sonja Gröger, geb. 24.09.1967
    2        .....................    EUR 45.000
    2        ................................................    EUR 45.000
                          ------------------------------------------------------
                   Summen:            EUR 50.000                 EUR 50.000

general table:

 Landesgericht St. Pölten
   1 eingetragen am 22.12.2011                  Geschäftsfall  28 Fr  8430/11 k
       Antrag auf Neueintragung einer Firma  eingelangt am 16.12.2011
   2 eingetragen am 18.09.2012                  Geschäftsfall  28 Fr  2889/12 x
       Antrag auf Änderung  eingelangt am 13.09.2012
   3 eingetragen am 19.09.2012                  Geschäftsfall  28 Fr  2980/12 f
       Antrag auf Änderung  eingelangt am 18.09.2012
   4 eingetragen am 22.09.2012                  Geschäftsfall  28 Fr  3030/12 d
       Elektronische Einreichung Jahresabschluss  eingelangt am 18.09.2012

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)

Sonja Gröger

 

1967-09-24 

 

3160 Traisen Rauschenbergergasse 6

manager,

partner

 

0

 

Peter Mühlbacher

 

1964-05-01 

 

3150 Wilhelmsburg Traisen Schloßallee 6

partner

 

0

 

Roswitha Zöchling

 

1973-08-22 

 

3161 St. Veit Gölsen Am Radweg 6

partner,

joint signing clerk

 

0

 

Patricia Cech

1965-10-09 

3170 Hainfeld Hüffelstraße 45

joint signing clerk

0

 

Balance Sheet 

 

 (absolute) all amounts in EUR 

 

2011-12-31 

 

 

 

 

Tangible assets

11.063,87

 

 

 

 

Sum tangible assets

11.063,87

 

 

 

 

 

Sum fixed assets

11.063,87

 

 

 

 

 

Stocks

57.910,65

 

 

 

 

Sum stock

57.910,65

 

 

 

 

 

Claims and other assets

5.562,18

 

 

 

 

Sum claims

5.562,18

 

 

 

 

 

Cash on hand, cheques and bank deposits

115.028,22

 

 

 

 

Sum cash and bank

115.028,22

 

 

 

 

 

Sum current assets

178.501,05

 

 

 

 

 

Assets

189.564,92

 

 

 

 

 

Subscribed/declared capital

50.000,00

 

 

 

 

Balance sheet profit/balance sheet loss

-11.421,20

 

 

 

 

Sum equity capital

38.578,80

 

 

 

 

 

Reserves

1.000,00

 

 

 

 

Sum reserves

1.000,00

 

 

 

 

 

Liabilities

149.986,12

 

 

 

 

Sum liabilities

149.986,12

 

 

 

 

 

Liabilities

189.564,92

 

 

 

 

 

Balance sheet sum

189.564,92

 

 

 

 

 

 

Key ratios

 

 

2011  

 

 

 

 

 

Equity capital share

  20,35

 

 

 

 

 

Fixed assets coverage

  348,69

 

 

 

 

 

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Lilienfelderstraße  46, A-3150 Wilhelmsburg Traisen

registered office 

 

 

 

operational 

Lilienfelderstraße  46, A-3150 Wilhelmsburg Traisen

registered headquarters 

 

 

info@technopac.at

related companies:

Company name

 

Postal code

 

Stake in %

 

number

 

Shares in this company are held by:

Sonja Gröger

 

Rauschenbergergasse  6/2/5, A-3160 Traisen

90 % 2012-09-18

 

912.272.714

 

 

Roswitha Zöchling

 

Am Radweg  6/2, A-3161 St. Veit Gölsen

5 % 2012-09-18

 

914.750.870

 

 

Peter Mühlbacher

 

Schloßallee  6/1/3, A-3150 Wilhelmsburg Traisen

5 % 2012-09-18

 

914.750.871

 

 

Bankers:

 

 

 

Banker

Bank sort code

Type of banking connection

Oberbank AG, 3100 St. Pölten

 

15000

 

main bank connection

 

 

 

Historical development:

Year of incorporation:

2011

Date of registration:

2011-12-22

 

Former executives:

From

To

Function

Name

  2011-12-22

  2012-09-19

manager 

Hildegard Röwemeier 

 

Former shareholders:

From

To

Function

Name

  2011-12-22

  2012-09-18

partner 

Hildegard Röwemeier 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.42

UK Pound

1

Rs.88.29

Euro

1

Rs.71.49

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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.