|
Report Date : |
12.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCHINDLER FAHRTREPPEN INTERNATIONAL GMBH |
|
|
|
|
Registered Office : |
Wienerbergstraße 21-25, A-1100 Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1852 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engineering activities and related technical consultancy |
|
|
|
|
No. of Employees : |
156 (approx.) |
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 – 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 |
|
Company name: |
SCHINDLER FAHRTREPPEN INTERNATIONAL GMBH |
|
Status: |
active company |
|
Locations: |
Wienerbergstraße 21-25, A-1100 Wien |
|
Phone: |
0043 (1) 60188 |
|
Fax: |
0043 (1) 60188 - 3000 |
|
E-mail: |
info@schindler.at |
|
Internet: |
http://www.schindler.at |
|
Activities: |
Önace 71120 40% Engineering activities and related
technical consultancy |
|
|
Önace 46690 30% Wholesale of other machinery and equipment |
|
|
Önace 28220 30% Manufacture of lifting and handling
equipment |
|
|
|
|
Recommendation: |
In respect to solvency reasons, there is nothing to say
against an establishment of a business relationship. |
|
|
|
|
Detail Assessment: |
Payments are sometimes made using cash discounts or
according to conditions. |
|
|
Company's financial situation is in order. Earnings
potential, however, is unsatisfactory. |
|
Year of incorporation: |
1852 |
|
||||
|
Type of company: |
Professional, scientific and technical activities |
|
||||
|
Legal form: |
limited liability company since 2007-03-08 |
|
||||
|
companies' house number: |
FN 291813 m Wien 2007-04-18 |
|
||||
|
Activities: |
|
|
||||
|
VAT number: |
ATU 63366208 |
|
||||
|
number - Austrian National Bank: |
7982127 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
Germany |
|
2013 |
|
||
|
Import |
Italy |
|
2013 |
|
||
|
Import |
Switzerland |
|
2013 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
world-wide |
|
2013 |
|
|
total turnover (total sales) |
2012 |
EUR 100.000.000,00 |
(approx.) |
|
total turnover (total sales) |
2011 |
EUR 97.193.189,64 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 122.932.922,59 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 86.166.335,22 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 102.639.826,41 |
(exact) |
|
total employees |
2013 |
156 |
(approx.) |
|
white collar workers |
2013 |
136 |
(approx.) |
|
blue collar workers |
2013 |
20 |
(approx.) |
|
total company vehicles |
2013 |
4 |
(approx.) |
|
firm
(style): |
|
3
Schindler Fahrtreppen International |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Wien |
|
business
adress: |
|
1
Wienerbergstraße 21-25 |
|
capital: |
|
4
EUR 2.000.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
16
zum 31.12.2011 eingereicht am 26.07.2012 |
|
power
of representation: |
|
1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
|
proxy: |
|
A
DI Gerardo Pablo Encinas Bartos, geb. 16.11.1952 |
|
managing
director: |
|
R
Dr. Gerd Heinemann, geb. 17.06.1962 |
|
shareholder: |
|
I
Schindler Verwaltungs- und |
|
general
table: |
|
Handelsgericht Wien |
|
Registration number of real estate 1069
Cadastral register 23303 Dunkelstein N Number and date of
entry 20726/2012 Status of 2012-07-31 |
|
Part
A - type of real estate : |
|
GST-NR
G BA (NUTZUNG)
FLÄCHE GST-ADRESSE |
|
Part
B - ownership details : |
|
1 ANTEIL: 1/1 |
|
Part
C - registered charges : |
|
1
a 4259/1985 |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Dr. Gerd Heinemann |
1962-06-17 |
1100 Wien Wienerbergstraße 21-25(c/o) |
manager |
0 |
|
Dipl-Ing. Gerardo Pablo Encinas-Bartos |
1952-11-16 |
2372 Gießhübl Wien Hochleitengasse 2 |
joint signing clerk |
0 |
|
Mag. Andrea Grafinger |
1966-06-27 |
4813 Altmünster Ackerweg 27 |
joint signing clerk |
0 |
|
Ing. Harald Gössl |
1966-04-16 |
2722 Weikersdorf Steinfelde Sulzäckerstraße 10 |
joint signing clerk |
0 |
|
Dipl-Ing. Thomas Kausel |
1962-06-07 |
1100 Wien Wienerbergstraße 21-25(c/o) |
joint signing clerk |
0 |
|
Nebojsa Kljajic |
1966-07-22 |
94901 Nitra Sudolska 72 |
joint signing clerk |
0 |
|
Dr. Alexander Knourek |
1975-07-24 |
1010 Wien Ruprechtsplatz 1 |
joint signing clerk |
1 |
|
Mag. Bettina Kohlweiss |
1971-10-14 |
1090 Wien Währingergürtel 162 |
joint signing clerk |
1 |
|
Dr. Alexander Knourek |
|
1100 Wien Wienerbergstraße 21-25(c/o) |
head of accounting |
0 |
|
|
2011-12-31 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar
rights and advantages |
420.342,94 |
|
|
|
|
|
Sum intangible assets |
420.342,94 |
|
|
|
|
|
|
|||||
|
Land and leasehold rights with buildings thereon including
building on land owned by third parties |
903.151,00 |
|
|
|
|
|
Other operating and business equipment |
1.213.992,50 |
|
|
|
|
|
Technical plants and machines |
509.657,05 |
|
|
|
|
|
Advanced payments and constructions in progress |
106.522,00 |
|
|
|
|
|
Sum tangible assets |
2.733.322,55 |
|
|
|
|
|
|
|||||
|
Shares on related firms |
7.340.385,87 |
|
|
|
|
|
Other shareholdings |
2.097.701,56 |
|
|
|
|
|
Other financial assets, values and securities of fixed
assets |
2.478.078,97 |
|
|
|
|
|
Sum financial assets |
11.916.166,40 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
15.069.831,89 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and supplies |
7.520.871,95 |
|
|
|
|
|
Unfinished products |
1.274.902,36 |
|
|
|
|
|
Outstanding service claims |
2.272.542,38 |
|
|
|
|
|
Sum stock |
11.068.316,69 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
8.537.368,21 |
|
|
|
|
|
Claims against related firmes Claims against companies
with shareholding relationship |
19.768.288,14 |
|
|
|
|
|
Other claims and assets |
6.261.572,34 |
|
|
|
|
|
Sum claims |
34.567.228,69 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
2.767.269,50 |
|
|
|
|
|
Sum cash and bank |
2.767.269,50 |
|
|
|
|
|
|
|||||
|
Sum current assets |
48.402.814,88 |
|
|
|
|
|
|
|||||
|
Assets |
63.472.646,77 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
2.000.000,00 |
|
|
|
|
|
Not committed capital reserves |
12.169.626,29 |
|
|
|
|
|
Legal reserves |
200.000,00 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
3.000.139,07 |
|
|
|
|
|
Thereof profit/loss carried forward |
6.148.726,53 |
|
|
|
|
|
Sum equity capital |
17.369.765,36 |
|
|
|
|
|
|
|||||
|
Reservesfor severance pays |
3.826.000,00 |
|
|
|
|
|
Reserves for pensions |
2.073.000,00 |
|
|
|
|
|
Other reserves |
11.873.119,14 |
|
|
|
|
|
Sum reserves |
17.772.119,14 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
2.906.000,00 |
|
|
|
|
|
Received advanced payments for orders |
2.151.186,00 |
|
|
|
|
|
Liabilities from delivered goods and performed services
from the acceptance of drafts and emission of promissory notes |
4.471.153,68 |
|
|
|
|
|
Liabilities against related firms |
17.431.879,24 |
|
|
|
|
|
Liabilities against firm with shareholding relationship |
409.032,77 |
|
|
|
|
|
Other liabilities |
961.510,58 |
|
|
|
|
|
Sum liabilities |
28.330.762,27 |
|
|
|
|
|
|
|||||
|
Liabilities |
63.472.646,77 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
63.472.646,77 |
|
|
|
|
|
|
2011-12-31 |
|
|
|
|
|
Gross sales |
97.193.189,64 |
|
|
|
|
|
Increase or decrease in finished and unfinished goods and
in service claims |
-5.970.880,59 |
|
|
|
|
|
Sum turnover or sum gross profit |
91.222.309,05 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial
assets |
19.763,05 |
|
|
|
|
|
Income from dissolution of reserves |
692.000,00 |
|
|
|
|
|
Other operating profits |
11.066.802,27 |
|
|
|
|
|
Other operating profits totally |
11.778.565,32 |
|
|
|
|
|
|
|||||
|
Special account material costs |
-63.775.222,84 |
|
|
|
|
|
Costs for obtained services totally |
-63.775.222,84 |
|
|
|
|
|
|
|||||
|
Wages |
-753.597,46 |
|
|
|
|
|
Salaries |
-11.486.534,52 |
|
|
|
|
|
Costs for severance pays |
-3.003.383,73 |
|
|
|
|
|
Costs for old age pension |
-228.163,16 |
|
|
|
|
|
Legal fringe benefits and other payments depending on
salaries |
-2.944.369,03 |
|
|
|
|
|
Other social fringe benefits |
-1.204.405,07 |
|
|
|
|
|
Personnel expenses totally |
-19.620.452,97 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-1.217.624,99 |
|
|
|
|
|
Depreciation tangible assets / intangible assets
totally |
-1.217.624,99 |
|
|
|
|
|
|
|||||
|
Different operating costs |
-25.380.825,52 |
|
|
|
|
|
Other taxes |
-164.066,17 |
|
|
|
|
|
Other operating costs totally |
-25.544.891,69 |
|
|
|
|
|
|
|||||
|
Operating result totally |
-7.157.318,12 |
|
|
|
|
|
|
|||||
|
Profits from shareholdings |
2.266.836,50 |
|
|
|
|
|
Income from other securities and loans of financial
assets |
98.170,40 |
|
|
|
|
|
Interest income, securties income and similar income |
12.187,11 |
|
|
|
|
|
Profits from the retirement of and investment in financial
assets |
-6.215,81 |
|
|
|
|
|
Interest and similar disbursements |
-287.247,54 |
|
|
|
|
|
Financial profits totally |
2.083.730,66 |
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
-5.073.587,46 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
1.925.000,00 |
|
|
|
|
|
Taxes on income and profits totally |
1.925.000,00 |
|
|
|
|
|
Annual surplus/annual deficit
totally |
-3.148.587,46 |
|
|
|
|
|
|
|||||
|
Annual profit/annual loss
totally |
-3.148.587,46 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
6.148.726,53 |
|
|
|
|
|
Transfer of profits totally |
6.148.726,53 |
|
|
|
|
|
B/S profit/ B/S loss from profit and
loss account |
3.000.139,07 |
|
|
|
|
|
|
2011 |
|
|
|
|
|
|
Cash flow II |
-1.930.962,47 |
|
|
|
|
|
|
Debt amortisation period |
-21,32 |
|
|
|
|
|
|
Bank indebtedness |
4,57 |
|
|
|
|
|
|
Equity capital share |
28,32 |
|
|
|
|
|
|
Social capital share |
9,29 |
|
|
|
|
|
|
Fixed assets coverage |
154,40 |
|
|
|
|
|
|
Net profit ratio |
-5,56 |
|
|
|
|
|
|
Capital turnover |
1,43 |
|
|
|
|
|
|
Return on investment |
-7,54 |
|
|
|
|
|
|
Cash flow in % of operating performance |
-2,11 |
|
|
|
|
|
|
Cash flow I |
-3.855.962,47 |
|
|
|
|
|
|
Gross productivity |
4,64 |
|
|
|
|
|
|
Net productivity |
1,39 |
|
|
|
|
|
|
Operating performance |
91.222.309,05 |
|
|
|
|
|
|
Inventories in % of operating performance |
12,13 |
|
|
|
|
|
|
Gross profit |
27.447.086,21 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Wienerbergstraße 21-25, A-1100 Wien |
registered office |
|
|
|
|
|
operational |
Wienerbergstraße 21-25, A-1100 Wien |
registered headquarters, rights free of charge |
|
|
|
info@schindler.at |
|
operational |
Werkstraße 15, A-2630 Ternitz |
factory, owned property |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
number |
Companies House |
|
Shares in this company are
held by: |
||||
|
Schindler Verwaltungs- und Beteiligungs GmbH |
Wienerbergstraße 21-25, A-1100 Wien |
100 % 2007-05-30 |
1.547.870 |
FN 291683 x |
|
|
||||
|
Affiliated companies and
further participations: |
||||
|
Schindler Liegenschaftsverwaltung GmbH |
Wienerbergstraße 21-25, A-1100 Wien |
|
19.850 |
FN 102833 a |
|
Schindler Aufzüge und Fahrtreppen GmbH |
Wienerbergstraße 21-25, A-1100 Wien |
|
1.547.875 |
FN 291811 i |
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
main bank connection |
|
|
|
|
||
|
Year of incorporation: |
1852 |
|
Date of registration: |
2007-04-18 |
|
Change of company name |
||
|
From |
To |
Company name |
|
|
2007-06-14 |
Schindler Fahrtreppen GmbH |
|
2007-06-14 |
|
Schindler Fahrtreppen International GmbH |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2007-06-29 |
EUR 35.000,00 |
|
2007-06-29 |
|
EUR 2.000.000,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.53 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.