MIRA INFORM REPORT

 

 

Report Date :

01.06.2013

 

IDENTIFICATION DETAILS

 

Name :

PAPTEX TEXTILHANDELS GMBH

 

 

Registered Office :

Hatlerstraße  9 a, A-6850 Dornbirn

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

18.04.1990

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale and retail trade; repair of motor vehicles

 

 

No. of Employees :

13

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

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

Basic company information

 

Company name:

PAPTEX TEXTILHANDELS GMBH

Status:

active company

Locations:

Hatlerstraße  9 a, A-6850 Dornbirn

Phone:

0043 (5572) 31814

Fax:

0043 (5572) 31814 - 4

E-mail:

info@paptex.at

Internet:

http://www.paptex.at

Activities:

Önace 46410 100% Wholesale of textiles

 

General Assessment:

Model: CompanyScore

comparison:

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.

 

Detail Assessment:

Merchandise is mainly imported. Domestic obligations and invoices of forwarders are settled using cash discounts or according to conditions.

 

Financial situation is satisfactory.

 

 

Additional company information

 

Year of incorporation:

1990

 

Activities:

 

 

Type of company:

Wholesale and retail trade; repair of motor vehicles

 

Legal form:

limited liability company since 1990-03-30

 

companies' house number:

FN 74349 m Feldkirch 1990-04-18

 

Trade names:

Mary Rose

 

ARA-number:

5252

 

VAT number:

ATU 36162200

 

number - Austrian National Bank:

1418882

 

 

 

 

Import 

Country 

 

 

 

Import

China

 

2013

 

Import

India

 

2013

 

Import

Pakistan

 

2013

 

Import

Turkey

 

2013

 

 

 

Export 

Country 

 

 

 

Export

Germany

 

2013

 

Export

Switzerland

 

2013

 

 

 

Financial data

 

total turnover (total sales)

2012

EUR  10.233.583,54

(exact)

total turnover (total sales)

2011

EUR  12.351.022,65

(exact)

total turnover (total sales)

2010

EUR  10.749.492,38

(exact)

total turnover (total sales)

2009

EUR  8.219.143,94

(exact)

total turnover (total sales)

2008

EUR  6.743.478,72

(exact)

total employees

2013

13

(approx.)

white collar workers

2013

11

(approx.)

blue collar workers

2013

2

(approx.)

total investments

2012

EUR  73.352,63

(exact)

total company vehicles

2013

3

(approx.)

cars

2013

2

(approx.)

lorries up to 3.5t

2013

1

(approx.)

 

 

Extraxt from the Companies' House

 

firm (style):

   22      PAPTEX Textilhandels GmbH

legal form:

    1      Limited liability company

registered office:

    1      political community Dornbirn

business adress:

   22      Hatlerstraße 9 a
           6850 Dornbirn

capital:

   22      EUR 37.000

reference date annual accounts:

    1      31. Dezember

annual accounts:

   30      zum 31.12.2011 eingereicht am 05.09.2012

power of representation:

    1      Die Generalversammlung bestimmt, wenn mehrere Geschäfts-
           führer bestellt sind, deren Vertretungsbefugnis.
           Gemischte Vertretung möglich.
    1   Gesellschaftsvertrag  vom 30.03.1990                                001
   22   Gesellschaftsvertrag mit Generalversammlungsbeschluss               004
          vom 26.09.2005
          gemäß 1. Euro-JuBeG angepasst.
   22   Gesellschafterbeschluss  vom 26.09.2005                             005
          Kapitalerhöhung um EUR 663,58.
          Neufassung des Gesellschaftsvertrages.

managing director:

         B   Stefan Christoph Grabher, geb. 30.07.1965
   10        vertritt seit 24.03.2003 selbständig
         F   Mag Günther Haid, geb. 20.12.1968
   22        vertritt seit 26.09.2005 selbständig

shareholder:

         E   CRISPIAN Beteiligungs & Handels GmbH
   22        .....................    EUR 37.000
   22        ................................................    EUR 37.000
                          ------------------------------------------------------
                   Summen:            EUR 37.000                 EUR 37.000

general table:

 Landesgericht Feldkirch
   1 datenersterfaßt am 19.01.1994              Geschäftsfall 915 Fr   392/94 t
       Ersterfassung gem. Art. XXIII Abs. 4 FBG
  10 eingetragen am 27.03.2003                  Geschäftsfall  12 Fr   898/03 v
       Antrag auf Änderung  eingelangt am 25.03.2003
  17 eingetragen am 24.09.2004                  Geschäftsfall  12 Fr  3341/04 w
       Antrag auf Änderung  eingelangt am 11.08.2004
  22 eingetragen am 26.10.2005                  Geschäftsfall  12 Fr  2636/05 t
       Antrag auf Änderung  eingelangt am 29.09.2005
  30 eingetragen am 09.10.2012                  Geschäftsfall  48 Fr  1271/12 k
       Elektronische Einreichung Jahresabschluss  eingelangt am 05.09.2012

 

 

Real estate

 

Registration number of real estate  48  Cadastral register  92001  Dornbirn V  Number and date of entry  1895/2013  Status of  2013-05-13 

Part A - type of real estate  :

    GST-NR  G BA (NUTZUNG)          FLÄCHE  GST-ADRESSE
   6880       GST-Fläche              1885
              Bauf.(Gebäude)           741
              Sonst(Betriebsf.)       1144  Sebastianstraße 1
                                            Wingatstraße 18
 

Part B - ownership details  :

   33 ANTEIL: 100/3756
      Paptex Papier- und Textilhandelsgesellschaft mbH
      ADR: Hatlerstr. 9a, Dornbirn   6850
       c 8765/1995 Wohnungseigentum an W 6
       d 2642/1996 Kaufvertrag 1996-01-19 Eigentumsrecht
       e 190/1997 Veräußerungsverbot
       f gelöscht
   35 ANTEIL: 138/3756
      Paptex Papier- und Textilhandelsgesellschaft mbH
      ADR: Hatlerstr. 9a, Dornbirn   6850
       c 8765/1995 Wohnungseigentum an W 9
       d 2642/1996 Kaufvertrag 1996-01-19 Eigentumsrecht
       e 191/1997 Veräußerungsverbot
       f gelöscht
 

Part C - registered charges  :

   45    auf Anteil B-LNR 33
       a 190/1997 Urkunde und Pfandurkunde 1997-01-07
           PFANDRECHT                                                 347.000,--
           4 % Z, 12 % VuZZ, NGS 34.700,-- für
           Land Vorarlberg
   46    auf Anteil B-LNR 33
       a 190/1997
           VERÄUSSERUNGSVERBOT für Land Vorarlberg
   47    auf Anteil B-LNR 35
       a 191/1997 Urkunde und Pfandurkunde 1997-01-07
           PFANDRECHT                                                 487.000,--
           4 % Z, 12 % VuZZ, NGS 48.700,-- für
           Land Vorarlberg
   48    auf Anteil B-LNR 35
       a 191/1997
           VERÄUSSERUNGSVERBOT für Land Vorarlberg
            Eintragungen ohne Währungsbezeichnung sind Beträge in ATS
 Grundbuch 13.05.2013 12:15:16
 

 

 

Private data

 

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

Further executive positions (as registered in the companies' house)

Stefan Christoph Grabher

1965-07-30 

6850 Dornbirn Watzenegg 21 a

manager,

head of purchasing,

head of sales,

head of marketing

7

Mag.  Günther Haid

 

1968-12-20 

 

9431 St. Stefan Lavanttal Siegelsdorf 9

manager

 

4

 

 

 

Balance Sheet 

 

(absolute) all amounts in EUR 

 

 

2012-12-31 

 

 

 

 

Intangible assets

727,00

 

 

 

 

Sum intangible assets

727,00

 

 

 

 

 

Tangible assets

312.676,57

 

 

 

 

Sum tangible assets

312.676,57

 

 

 

 

 

Financial assets

1.062,60

 

 

 

 

Sum financial assets

1.062,60

 

 

 

 

 

Sum fixed assets

314.466,17

 

 

 

 

 

Stocks

1.460.143,34

 

 

 

 

Sum stock

1.460.143,34

 

 

 

 

 

Claims and other assets

1.569.095,23

 

 

 

 

Sum claims

1.569.095,23

 

 

 

 

 

Cash on hand, cheques and bank deposits

556.933,27

 

 

 

 

Sum cash and bank

556.933,27

 

 

 

 

 

Sum current assets

3.586.171,84

 

 

 

 

 

Deferred charges

303,00

 

 

 

 

Sum deferred charges

303,00

 

 

 

 

Assets

3.900.941,01

 

 

 

 

 

Subscribed/declared capital

37.000,00

 

 

 

 

Balance sheet profit/balance sheet loss

1.459.779,57

 

 

 

 

Sum equity capital

1.496.779,57

 

 

 

 

 

Reserves

833.019,31

 

 

 

 

Sum reserves

833.019,31

 

 

 

 

 

Liabilities

1.570.000,18

 

 

 

 

Sum liabilities

1.570.000,18

 

 

 

 

 

Deferred income

1.141,95

 

 

 

 

Sum deferred income

1.141,95

 

 

 

 

Liabilities

3.900.941,01

 

 

 

 

 

Balance sheet sum

3.900.941,01

 

 

 

 

 

Key ratios

 

 

2012  

 

 

 

 

 

Equity capital share

  38,36

 

 

 

 

 

Fixed assets coverage

  475,97

 

 

 

 

 

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Hatlerstraße  9 a, A-6850 Dornbirn

registered office 

 

 

 

operational 

Hatlerstraße  9 a, A-6850 Dornbirn

registered headquarters, rented premises 

 

 

info@paptex.at

former 

Schillerstraße  4, A-6850 Dornbirn

registered headquarters 

 

 

 

former 

Marktstraße  10, A-6850 Dornbirn

registered headquarters 

 

 

 

former 

Schillerstraße  4, A-6850 Dornbirn

registered office 

 

 

 

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

KSV-number

Companies House

 

Shares in this company are held by:

CRISPIAN Beteiligungs & Handels GmbH

Hatlerstraße  9 a, A-6850 Dornbirn

100 % 2004-09-24

 

1.355.120

 

FN 249510 b

 

 

Affiliated companies and further participations:

Grabher & Rhomberg Handels GmbH

Watzenegg  21a, A-6850 Dornbirn

 

 

265.340

 

FN 76013 i

 

MARY ROSE GmbH

 

Hatlerstraße  9a, A-6850 Dornbirn

 

 

344.434

 

FN 72919 i

 

Mag. Günther Haid

 

Siegelsdorf  9, A-9431 St. Stefan Lavanttal

 

 

1.314.576

 

 

C&S Handels GmbH

 

Hatlerstraße  9a, A-6850 Dornbirn

 

 

1.642.716

 

FN 318448 g

 

CRISPIAN Immobilien GmbH

 

Hatlerstraße  9a, A-6850 Dornbirn

 

 

7.150.737

 

FN 386328 f

 

 

 

Bankers

 

Banker

Bank sort code

Type of banking connection

Vorarlberger Landes- und Hypothekenbank Aktienges., 6850 Dornbirn

 

58000

 

main bank connection

 

Raiffeisenbank Im Rheintal eGen, 6850 Dornbirn

 

37420

 

secondary banking connection

 

Deutsche Bank AG St. Galler Kantonalbank

 

 

 

Historical development

 

Year of incorporation:

1990

Date of registration:

1990-04-18

 

Change of company name:

From

To

Company name

   

  2005-10-26

PAPTEX Papier- und Textil- handelsgesellschaft m.b.H. 

  2005-10-26

   

PAPTEX Textilhandels GmbH 

 

Change in share capital:

From

To

Capital

   

  2005-10-26

ATS  500.000,00

  2005-10-26

   

EUR  37.000,00

 

Former executives:

From

To

Function

Name

   

  2003-07-03

manager 

Christoph Paul Meusburger 

   

  2003-03-27

individual signing clerk 

Stefan Christoph Grabher 

  2003-03-22

  2003-08-02

Receiver - reorganization 

Dr. Karl Rümmele 

 

Former shareholders:

From

To

Function

Name

  1990-03-30

  2004-09-24

partner 

Christoph Paul Meusburger 

  1990-03-30

  2005-10-13

partner 

Stefan Christoph Grabher 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.49

UK Pound

1

Rs.86.81

Euro

1

Rs.73.68

 

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.