|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEDEK & SCHÖRNER BETEILIGUNG GMBH |
|
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Registered Office : |
Kuefsteingasse 32, A-1140 Wien |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1929 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Management of real estate on a fee or contract basis |
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No. of Employees : |
3 (approx.) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Company name: |
MEDEK & SCHÖRNER BETEILIGUNG GMBH |
|
Status: |
active company |
|
Locations: |
Kuefsteingasse 32, A-1140 Wien |
|
Phone: |
0043 (1) 9823204 |
|
Fax: |
0043 (1) 9827296 |
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E-mail: |
k.descovich@medek.at |
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Internet: |
http://www.medek.at |
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Activities: |
Önace 64200 90% Activities of holding companies |
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|
Önace 68320 10% Management of real estate on a fee or contract basis |
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General Assessment: |
Rating 248 Model: CompanyScore |
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Probability of Default (Basel II): |
0,07% Very low risk |
|
comparison: |
The Rating of this company is better than industry average. |
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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 Active firm's payments are made within net agreements. |
|
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Assessment Firm is merely a holding company and does not perform any important
economic activities. Within the company's field of operations the financial
situation is in order. |
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Year of incorporation: |
1929 |
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Activities: |
|
|
Type of company: |
Financial and insurance activities |
|
Legal form: |
limited liability company since 1982-02-11 |
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companies' house number: |
FN 94098 f Wien 1982-03-04 |
|
VAT number: |
ATU 15616901 |
|
number - Austrian National Bank: |
520543 |
|
total turnover (total sales) |
2012 |
EUR 170.000,00 |
(estimated) |
|
total turnover (total sales) |
2011 |
EUR 165.000,00 |
(estimated) |
|
total turnover (total sales) |
2010 |
EUR 165.000,00 |
(estimated) |
|
total turnover (total sales) |
2009 |
EUR 163.279,28 |
(exact) |
|
total employees |
2013 |
3 |
(approx.) |
|
white collar workers |
2013 |
3 |
(approx.) |
|
firm (style): |
|
15 Medek & Schörner
Beteiligung GmbH |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde Wien |
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business adress: |
|
1
Kuefsteing. 32 |
|
capital: |
|
22 EUR 240.000 |
|
reference date
annual accounts: |
|
12 31. Dezember |
|
annual accounts: |
|
27 zum 31.12.2011
eingereicht am 19.09.2012 |
|
power of
representation: |
|
1 Sind zwei oder mehrere
Geschäftsführer bestellt, vertreten |
|
proxy: |
|
K Dipl.Ing. Manuel
Lichtscheidl, geb. 12.04.1983 |
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managing
director: |
|
C Mag. Werner Lichtscheidl,
geb. 11.02.1952 |
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shareholder: |
|
A Dipl-Ing Fritz Descovich,
geb. 26.01.1946 |
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general table: |
|
Handelsgericht Wien |
Real estate:
|
Real estate KSV text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Dipl-Ing. Rudolf Descovich |
1974-06-05 |
1090 Wien Liechtensteinstraße 77 |
manager |
1 |
|
Mag. Werner Lichtscheidl |
1952-02-11 |
1190 Wien Weimarerstraße 93 |
manager |
1 |
|
Dipl-Ing. Fritz Descovich |
1946-01-26 |
3040 Neulengbach Schöffelstraße 271 |
partner |
0 |
|
Dr. Gustav Schörner |
1943-06-22 |
1190 Wien Armbrustergasse 16 |
partner |
0 |
|
Dipl-Ing. Manuel Lichtscheidl |
1983-04-12 |
1190 Wien Weinzingergasse 10 |
joint signing clerk |
1 |
|
|
2011-12-31 |
|
|
|
|
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Other tangible assets |
1.226.665,32 |
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|
|
|
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Sum tangible assets |
1.226.665,32 |
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|||||
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Special account financial assets |
4.019.667,73 |
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Sum financial assets |
4.019.667,73 |
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|||||
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Sum fixed assets |
5.246.333,05 |
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Special account claims |
1.470.051,86 |
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Sum claims |
1.470.051,86 |
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|||||
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Cash on hand, cheques and bank deposits |
105.511,05 |
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Sum cash and bank |
105.511,05 |
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|||||
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Sum current assets |
1.575.562,91 |
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Deferred charges |
2.470,71 |
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Sum deferred charges |
2.470,71 |
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Assets |
6.824.366,67 |
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Subscribed/declared capital |
240.000,00 |
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Other reserves |
2.650.000,00 |
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Balance sheet profit/balance sheet loss |
757.589,01 |
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Thereof profit/loss carried forward |
729.397,58 |
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Sum equity capital |
3.647.589,01 |
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Other reserves before taxes |
55.422,53 |
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Sum reserves before taxes |
55.422,53 |
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|||||
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Other reserves |
3.077.355,00 |
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Sum reserves |
3.077.355,00 |
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|||||
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Other liabilities |
44.000,13 |
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Sum liabilities |
44.000,13 |
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|||||
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Liabilities |
6.824.366,67 |
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|||||
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Balance sheet sum |
6.824.366,67 |
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2011 |
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Equity capital share |
54,26 |
|
|
|
|
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Fixed assets coverage |
70,58 |
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|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Kuefsteingasse 32, A-1140 Wien |
registered office, owned property |
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|
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operational |
Kuefsteingasse 32, A-1140 Wien |
registered headquarters, owned property |
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|
k.descovich@medek.at |
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former |
Julius Raabstraße 7, A-2203 Großebersdorf |
branch office |
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Company name |
Postal code |
Stake in % |
KSV-number |
Companies House |
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Shares in this company are held by: |
||||
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Privatstiftung "CONRADO II D'ALMISSA" |
Marokkanergasse 20/15, A-1030 Wien |
25 % 1996-05-21 |
771.785 |
FN 141769 i |
|
Dipl-Ing. Fritz Descovich |
Schöffelstraße 271, A-3040 Neulengbach |
25 % 1994-05-03 |
900.052.029 |
|
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Lichtscheidl Privatstiftung |
Lainzerstraße 35, A-1130 Wien |
16.67 % 1996-10-25 |
897.014 |
FN 150421 h |
|
Kaindl Privatstiftung |
Lainzerstraße 35, A-1130 Wien |
16.67 % 1996-10-25 |
897.015 |
FN 150424 m |
|
Dr. Gustav Schörner |
Armbrustergasse 16, A-1190 Wien |
16.67 % 1994-05-03 |
900.052.033 |
|
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This company holds 100% of the shares in: |
||||
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Medek & Schörner GmbH |
Kuefsteingasse 32, A-1140 Wien |
100 % 2004-05-15 |
1.348.520 |
FN 248246 v |
|
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Banker |
Bank sort code |
Type of banking connection |
|
|
UniCredit Bank Austria AG, 1011 Wien |
11000 |
main bank connection |
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Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
secondary banking connection |
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||
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Year of incorporation: |
1929 |
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Date of registration: |
1982-03-04 |
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Change of company name: |
||
|
From |
To |
Company name |
|
|
2004-08-07 |
Medek & Schörner Gesellschaft m.b.H. |
|
2004-08-07 |
|
Medek & Schörner Beteiligung GmbH |
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Change in share capital: |
||
|
From |
To |
Capital |
|
|
2010-10-08 |
ATS 504.000,00 |
|
2010-10-08 |
2010-10-09 |
EUR 36.627,12 |
|
2010-10-09 |
|
EUR 240.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
1994-05-03 |
2013-02-06 |
manager |
Dipl-Ing. Fritz Descovich |
|
2011-12-16 |
2013-02-06 |
joint signing clerk |
Dipl-Ing. Rudolf Descovich |
|
1994-05-03 |
2012-10-12 |
manager |
Dipl-Ing. Kurt Descovich |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
|
1996-10-25 |
partner |
Linda Kaindl |
|
|
1996-10-25 |
partner |
Olivia Lichtscheidl |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
|
|
Bach & Co Gesellschaft m.b.H. |
|
|
|
Postl & Smid Gesellschaft m.b.H. in Liqu. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
|
|
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.