MIRA INFORM REPORT

 

 

Report Date :

07.01.2013

 

IDENTIFICATION DETAILS

 

Name :

BENZLER ANTRIEBSTECHNIK GESELLSCHAFT M.B.H. IN LIQUIDATION

 

 

Registered Office :

Hoheneggstraße  2, A-5550 Radstadt

 

 

Country :

Austria

 

 

Financials (as on) :

31.10.2010

 

 

Year of Incorporation :

1985

 

 

Legal Form :

Cancelled firms since 2010-12-15

 

 

Line of Business :

Wholesale and retail trade; repair of motor vehicles

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

In Liquidation

Payment Behaviour :

--

Litigation :

--

 

 

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

(31.03.2011)

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:

Benzler Antriebstechnik Gesellschaft m.b.H. in Liquidation

Status:

cancelled company

Locations:

Hoheneggstraße  2, A-5550 Radstadt

Phone:

0043 (6452) 20230

Fax:

0043 (6452) 20230 - 23

E-mail:

abogrien@benzlers.textron.com

E-mail:

ewinter@benzlers.textron.com

E-mail:

office@benzlers.at

Internet:

http://www.benzlers.com

Activities:

Önace 46900 100% Non-specialised wholesale trade

 

Recommendation:

At this time, we have no opinion concerning the the establishment of a business relationship.

 

Detail Assessment:

Recently payments have been made within net agreements.

 

Company out of business. Near the end solvency was sound.

 

Additional company information

 

Year of incorporation:

1985

Type of company:

Wholesale and retail trade; repair of motor vehicles

Legal form:

cancelled firms since 2010-12-15

companies' house number:

FN 88631 s Salzburg 1985-11-21

Activities:

 

VAT number:

ATU 22798809

ARA-number:

6861

number - Austrian National Bank:

199532

 

Financial data

 

total turnover (total sales)

2012

 

(not available)

total employees

2012

 

(not available)

 

Real estate

 

Real estate text:

No real estate property registered

Balance Sheet  (absolute) 

 

all amounts in EUR 

 

2010-10-31 

 

 

 

 

Claims and other assets

1.010,56

 

 

 

 

Sum claims

1.010,56

 

 

 

 

 

Cash on hand, cheques and bank deposits

180.230,21

 

 

 

 

Sum cash and bank

180.230,21

 

 

 

 

 

Sum current assets

181.240,77

 

 

 

 

 

Assets

181.240,77

 

 

 

 

 

Subscribed/declared capital

145.345,67

 

 

 

 

Profit reserves

20.034,82

 

 

 

 

Balance sheet profit/balance sheet loss

10.287,98

 

 

 

 

Thereof profit/loss carried forward

12.091,12

 

 

 

 

Sum equity capital

175.668,47

 

 

 

 

 

Reserves

201,50

 

 

 

 

Sum reserves

201,50

 

 

 

 

 

Liabilities

5.370,80

 

 

 

 

Sum liabilities

5.370,80

 

 

 

 

 

Liabilities

181.240,77

 

 

 

 

 

Balance sheet sum

181.240,77

 

 

 

 

 

Key ratios

 

 

2010  

 

 

 

 

 

Equity capital share

  96,92

 

 

 

 

 

Fixed assets coverage

  0,00

 

 

 

 

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Hoheneggstraße  2, A-5550 Radstadt

registered headquarters, rented premises 

 

 

abogrien@benzlers.textron.com

ewinter@benzlers.textron.com

office@benzlers.at

operational 

Hoheneggstraße  2, A-5550 Radstadt

registered office 

 

 

 

former 

Urnenhainweg  7, A-4050 Traun

registered office 

 

 

 

former 

Urnenhainweg  7, A-4050 Traun

registered headquarters 

 

Bankers

 

 

 

Banker

Bank sort code

Type of banking connection

Allgemeine Sparkasse Oberösterreich Bankaktienges., 4041 Linz

 

20320

 

main bank connection

 

(zuletzt)

 

 

Historical development

 

Year of incorporation:

1985

Date of registration:

1985-11-21

 

Change of company name:

From

To

Company name

   

  2009-08-08

Benzler Antriebstechnik Gesellschaft m.b.H. 

  2009-08-08

   

Benzler Antriebstechnik Gesellschaft m.b.H. in Liquidation 

 

Former executives:

From

To

Function

Name

   

  2004-04-17

manager 

Ing. Andreas Schrems 

  2004-04-17

  2006-03-21

manager 

Rolf Hakan Nidsjö 

  2006-03-21

  2009-03-05

manager 

Roger Bailey 

  2009-03-05

  2009-08-08

manager 

Mark Ashley Cooper 

  2009-03-05

  2009-08-08

manager 

Christopher Morell 

   

  1995-07-01

individual signing clerk 

Ing. Leif Benny Wallquist 

  1998-01-30

  1999-10-22

individual signing clerk 

Henrik Arnekull 

  1995-06-07

  1999-10-22

individual signing clerk 

Hakan Holmström 

  1995-06-07

  1999-10-22

individual signing clerk 

Jörgen Lorentsson 

  1999-10-22

  2006-03-21

individual signing clerk 

Lars Harald Torbjörn Nordlander 

  2006-03-21

  2009-08-08

individual signing clerk 

Björn Harald Kellgren 

  2009-08-08

  2010-12-15

liquidator 

Ronny Johannes Marie Leppers 

 

 

Former shareholders:

From

To

Function

Name

  1985-11-04

  2010-12-15

partner 

Aktiebolaget Benzlers, Helsingborg, Schweden 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.84

UK Pound

1

Rs.88.16

Euro

1

Rs.71.54

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.