|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOMET |
|
|
|
|
Registered Office : |
Julius Durststraße 10, A-9900 Lienz |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Incorporation : |
2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of other general-purpose machinery. |
|
|
|
|
No. of Employees : |
19 Approximately |
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 – 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
|
Company name: |
Komet Austria GmbH |
|
Status: |
active company |
|
Locations: |
Julius Durststraße 10, A-9900 Lienz |
|
Phone: |
0043 (4852) 71550 |
|
Fax: |
0043 (4852) 71550 - 42 |
|
E-mail: |
iwt@iwtirrigation.com |
|
Activities: |
Önace 28290 100% Manufacture of other general-purpose machinery n.e.c. |
|
|
|
|
Recommendation: |
In respect to solvency reasons, there is nothing to say against an
establishment of a business relationship. |
|
|
|
|
Detail Assessment: |
Payment Payments are sometimes made using cash discounts or according to
conditions. |
|
|
Assessment Financial situation is good. |
|
Year of incorporation: |
2000 |
|
||||
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Activities: |
|
|
||||
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Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company since 2000-07-26 |
|
||||
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companies' house number: |
FN 197941 s Innsbruck 2000-08-23 |
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||||
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VAT number: |
ATU 49749704 |
|
||||
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number - Austrian National Bank: |
4779606 |
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Import |
Country |
|
|
|
||
|
Import |
Italy |
|
2013 |
|
||
|
total turnover (total sales) |
2012 |
|
(no figures known) |
|
total employees |
2013 |
19 |
(approx.) |
|
part-time employees |
2013 |
1 |
(approx.) |
|
total investments |
2011 |
EUR 759.509,00 |
(exact) |
|
total company vehicles |
2013 |
2 |
(approx.) |
|
firm (style): |
|
22 Komet Austria GmbH |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde
Lienz |
|
business adress: |
|
6 Julius Durst-Straße 10 |
|
capital: |
|
1 EUR 150.000 |
|
reference date annual
accounts: |
|
1 31. Dezember |
|
annual accounts: |
|
21 zum 31.12.2011
eingereicht am 25.09.2012 |
|
power of
representation: |
|
1 Die Gesellschaft wird,
wenn mehrere Geschäftsführer |
|
managing
director: |
|
C Arno Drechsel, geb.
21.03.1959 |
|
shareholder: |
|
E Dr. Viktor Drechsel, geb. 07.08.1960 |
|
general table: |
|
Landesgericht Innsbruck |
|
Registration number of real estate
2294 Cadastral register 85020 Lienz T Number and date
of entry 59/2009 Status of 2013-03-25 |
|
Part A - type of
real estate : |
|
1234/3 G GST-Fläche *
14561 |
|
Part B -
ownership details : |
|
1 ANTEIL: 1/1 |
|
Part C -
registered charges : |
|
2 gelöscht |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
|
Arno Drechsel |
1959-03-21 |
9900 Lienz Marcherstraße 5a |
manager |
0 |
|
Dr. Viktor Drechsel |
1960-08-07 |
39100 Bozen Rafsteinerweg 1a |
partner |
0 |
(absolute) all
amounts in EUR
|
|
2011-12-31 |
|
|
|
|
|
Intangible assets |
75.939,72 |
|
|
|
|
|
Sum intangible assets |
75.939,72 |
|
|
|
|
|
|
|||||
|
Tangible assets |
4.713.399,31 |
|
|
|
|
|
Sum tangible assets |
4.713.399,31 |
|
|
|
|
|
|
|||||
|
Financial assets |
704,28 |
|
|
|
|
|
Sum financial assets |
704,28 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
4.790.043,31 |
|
|
|
|
|
|
|||||
|
Stocks |
2.322.325,01 |
|
|
|
|
|
Sum stock |
2.322.325,01 |
|
|
|
|
|
|
|||||
|
Claims and other assets |
1.163.030,28 |
|
|
|
|
|
Sum claims |
1.163.030,28 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
762.020,89 |
|
|
|
|
|
Sum cash and bank |
762.020,89 |
|
|
|
|
|
|
|||||
|
Sum current assets |
4.247.376,18 |
|
|
|
|
|
|
|||||
|
Deferred charges |
25.945,00 |
|
|
|
|
|
Sum deferred charges |
25.945,00 |
|
|
|
|
|
Assets |
9.063.364,49 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
150.000,00 |
|
|
|
|
|
Capital reserves |
812.074,46 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
5.029.765,23 |
|
|
|
|
|
Thereof profit/loss carried forward |
3.477.901,85 |
|
|
|
|
|
Sum equity capital |
5.991.839,69 |
|
|
|
|
|
|
|||||
|
Other reserves before taxes |
133.127,08 |
|
|
|
|
|
Sum reserves before taxes |
133.127,08 |
|
|
|
|
|
|
|||||
|
Reserves |
487.471,46 |
|
|
|
|
|
Sum reserves |
487.471,46 |
|
|
|
|
|
|
|||||
|
Liabilities |
2.206.913,82 |
|
|
|
|
|
Sum liabilities |
2.206.913,82 |
|
|
|
|
|
|
|||||
|
Deferred income |
244.012,44 |
|
|
|
|
|
Sum deferred income |
244.012,44 |
|
|
|
|
|
Liabilities |
9.063.364,49 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
9.063.364,49 |
|
|
|
|
|
|
2011 |
|
|
|
|
|
|
Equity capital share |
67,57 |
|
|
|
|
|
|
Fixed assets coverage |
127,86 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Julius Durststraße 10, A-9900 Lienz |
registered office |
|
|
|
|
|
operational |
Julius Durststraße 10, A-9900 Lienz |
registered headquarters, owned property |
|
|
|
iwt@iwtirrigation.com |
|
former |
Bürgeraustraße 31, A-9900 Lienz |
main production |
|
|
|
|
|
former |
Amlacherstraße 12, A-9900 Lienz |
registered office |
|
|
|
|
|
former |
Amlacherstraße 12, A-9900 Lienz |
registered headquarters |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
|
|
|
Shares in this company are held by: |
||||
|
KION S.r.l. |
Via Guardini 24, I-38079 Trento |
99 % 2011-01-12 |
|
|
|
Dr. Viktor Drechsel |
Rafsteinerweg 1a, I-39100 Bozen |
1 % 2006-04-07 |
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 9900 Lienz |
20151 |
main bank connection |
|
Year of incorporation: |
2000 |
|
Date of registration: |
2000-08-23 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2000-09-29 |
VECTOR-Water Technology GmbH |
|
2000-09-29 |
2012-12-21 |
IWT Innovative Water Technology GmbH |
|
2012-12-21 |
|
Komet Austria GmbH |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
2000-08-23 |
2006-01-19 |
manager |
Dr. Viktor Drechsel |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2000-08-23 |
2006-04-07 |
partner |
EMB Wirtschaftstreuhand- gesellschaft m.b.H. |
|
2006-04-07 |
2006-05-04 |
partner |
Rolando Drechsel |
|
2006-05-04 |
2008-10-30 |
partner |
Dr. Hugo Drechsel |
|
2008-10-30 |
2011-01-12 |
partner |
Dr. Gerhard Seirer |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.73 |
|
|
1 |
Rs.90.61 |
|
Euro |
1 |
Rs.76.96 |
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.