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Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
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Name : |
FITTYDENT INTERNATIONAL GMBH |
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Registered Office : |
Mühlgasse 4, A-7423 Pinkafeld |
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Country : |
Austria |
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Financials (as on) : |
31.12.2011 |
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Year of Incorporation : |
1973 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of perfume and cosmetics |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Company name: |
FITTYDENT INTERNATIONAL GmbH |
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Status: |
active company |
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Locations: |
Mühlgasse 4, A-7423 Pinkafeld |
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Phone: |
0043 (3357) 43890 |
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Fax: |
0043 (3357) 43893 |
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E-mail: |
office@fittydent.com |
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Internet: |
http://www.fittydent.com |
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Activities: |
Önace 46450 70% Wholesale of perfume and cosmetics |
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Önace 46440 30% Wholesale of china and glassware and cleaning
materials |
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Recommendation: |
In respect to solvency reasons, there is nothing to say against an establishment
of a business relationship. |
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Detail Assessment: |
Payment Payments are made within net agreements. |
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Assessment Financial situation is good. |
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Year of incorporation: |
1973 |
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Activities: |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability company since 1989-11-10 |
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companies' house number: |
FN 115180 h Eisenstadt 1989-11-29 |
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Trade names: |
Profast |
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Trade names: |
Fittydent |
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Trade names: |
Secure |
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VAT number: |
ATU 21504708 |
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number - Austrian National Bank: |
1358286 |
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Export |
Country |
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Export |
world-wide |
|
2013 |
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||
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total turnover (total sales) |
2012 |
EUR 2.950.000,00 |
(estimated) |
|
total turnover (total sales) |
2011 |
EUR 2.900.000,00 |
(approx.) |
|
total turnover (total sales) |
2010 |
EUR 2.889.180,90 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 2.394.218,72 |
(exact) |
|
total turnover (total sales) |
2008 |
EUR 3.000.000,00 |
(approx.) |
|
total employees |
2013 |
7 |
(exact) |
|
white collar workers |
2013 |
7 |
(exact) |
|
total stock |
2013 |
EUR 5.000,00 |
(average) |
|
total company vehicles |
2013 |
1 |
(exact) |
|
cars |
2013 |
1 |
(exact) |
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firm (style): |
|
3 FITTYDENT INTERNATIONAL
GmbH |
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legal form: |
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1 Gesellschaft mit
beschränkter Haftung |
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registered
office: |
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4 politischer Gemeinde
Pinkafeld |
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business adress: |
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4 Mühlg. 4 |
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capital: |
|
1 ATS 500.000 |
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reference date
annual accounts: |
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1
31. Dezember |
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annual accounts: |
|
28 zum 31.12.2011
eingereicht am 19.09.2012 |
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power of
representation: |
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5 Die Gesellschaft wird,
wenn mehrere Geschäftsführer |
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managing
director: |
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L Robert Nagy, geb. 05.02.1960 |
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shareholder: |
|
F H. P. kosmetische
Warenvertriebs-GmbH |
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general table: |
|
Landesgericht Ried im Innkreis |
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Real estate
text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
|
Robert Nagy |
1960-02-05 |
3021 Preßbaum Hauptstraße 90 |
manager |
4 |
|
Gerhard Mutenthaler |
1956-08-31 |
1230 Wien Breitenfurterstraße 219 |
partner |
2 |
(absolute) all
amounts in EUR
|
|
2011-12-31 |
|
Intangible assets |
357.500,02 |
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Sum intangible assets |
357.500,02 |
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Tangible assets |
45.856,18 |
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Sum tangible assets |
45.856,18 |
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Financial assets |
39.226,15 |
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Sum financial assets |
39.226,15 |
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Sum fixed assets |
442.582,35 |
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Stocks |
36.239,24 |
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Sum stock |
36.239,24 |
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Claims and other assets |
778.724,61 |
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Sum claims |
778.724,61 |
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Cash on hand, cheques and bank deposits |
427.845,67 |
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Sum cash and bank |
427.845,67 |
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Sum current assets |
1.242.809,52 |
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Deferred charges |
11.705,25 |
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Sum deferred charges |
11.705,25 |
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Assets |
1.697.097,12 |
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Subscribed/declared capital |
36.336,42 |
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Balance sheet profit/balance sheet loss |
1.008.199,90 |
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Thereof profit/loss carried forward |
867.915,79 |
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Sum equity capital |
1.044.536,32 |
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Other reserves before taxes |
568,77 |
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Sum reserves before taxes |
568,77 |
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Reserves |
70.275,25 |
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Sum reserves |
70.275,25 |
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Liabilities |
581.716,78 |
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Sum liabilities |
581.716,78 |
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Liabilities |
1.697.097,12 |
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Balance sheet sum |
1.697.097,12 |
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|
2011 |
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Equity capital share |
61,58 |
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Fixed assets coverage |
236,13 |
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Type |
Locations |
Description |
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E-mail |
|
operational |
Mühlgasse 4, A-7423 Pinkafeld |
registered office |
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operational |
Parttartgasse 34/16, A-1230 Wien |
registered branch office |
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operational |
Mühlgasse 4, A-7423 Pinkafeld |
registered headquarters, rented premises |
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|
office@fittydent.com |
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former |
Moosham 40, A-4943 Geinberg |
registered headquarters |
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Company name |
Postal code |
Stake in % |
number |
Companies House |
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Shares in this company are held by: |
||||
|
H. P. kosmetische Warenvertriebs-GmbH |
Bachstraße 16, D-84359 Simbach |
43.5 % 1989-11-10 |
737.047 |
B 3.110 Landshut |
|
RVN Consult GmbH |
Hauptstraße 90, A-3021 Pressbaum |
31.5 % 2012-01-24 |
7.093.693 |
FN 373826 w |
|
Magister Hoeveler & Co Gesellschaft m.b.H. |
Parttartgasse 34/16, A-1230 Wien |
15 % 2010-03-26 |
43.257 |
FN 113897 x |
|
Gerhard Mutenthaler |
Breitenfurterstraße 219, A-1230 Wien |
10 % 2007-07-04 |
912.609.959 |
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|
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Affiliated companies and further
participations: |
||||
|
Ferengi Handels GmbH |
Breitenfurterstraße 219/2, A-1230 Wien |
|
1.471.921 |
FN 275468 a |
|
Gerhard Mutenthaler |
Breitenfurter Straße 219/2, A-1230 Wien |
|
1.953.127 |
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|
|
|
|
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Banker |
Bank sort code |
Type of banking connection |
|
Oberbank AG, 4950 Altheim |
15000 |
main bank connection |
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Year of incorporation: |
1973 |
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Date of registration: |
1989-11-29 |
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Former executives: |
|||
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From |
To |
Function |
Name |
|
|
2004-02-04 |
manager |
Mag. Peter Hoeveler |
|
|
2012-01-11 |
manager |
Dkfm. Ewald Schmitt |
|
1998-04-08 |
2012-03-09 |
manager |
Hans Gottfried Wiesbauer |
|
|
1998-04-08 |
joint signing clerk |
Dieter Pöschl |
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Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2007-07-04 |
2010-03-26 |
partner |
Alfred Chyba |
|
1995-08-05 |
2012-01-24 |
partner |
Dkfm. Ewald Schmitt |
|
2002-07-25 |
2007-07-04 |
partner |
European Patent Developers Ltd. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.92 |
|
|
1 |
Rs.91.80 |
|
Euro |
1 |
Rs.78.18 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.