|
Report Date : |
11.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
S. PAUKNER GMBH & CO.KG. |
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|
|
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Registered Office : |
Franzosenhausweg 57, A-4030 Linz |
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|
|
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Country : |
Austria |
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|
|
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Financials (as on) : |
29.02.2012 |
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|
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Year of Establishments: |
1973 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Wholesaler of watches and jewellery |
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|
|
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No. of Employees : |
37 |
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 |
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Payment Behaviour : |
Regular |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Austria |
A2 |
A2 |
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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 3.9% 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 |
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Last up-date: |
2013-03-07 |
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Company name: |
S. Paukner GmbH & Co.KG. |
|
Status: |
active company |
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Locations: |
Franzosenhausweg 57, A-4030 Linz |
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Phone: |
0043 (732) 779826 |
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Fax: |
0043 (732) 779826 - 312 |
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E-mail: |
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Internet: |
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Activities: |
Önace 46480 100% Wholesale of watches and jewellery |
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|
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General Assessment: |
|
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Probability of Default (Basel II): |
0,22% Low risk |
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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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|
|
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Detail Assessment: |
Payment 250 Merchandise is mainly imported. Domestic obligations are settled
within net agreements. |
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|
Assessment 300 Financial situation is average. |
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Year of incorporation: |
1973 |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability partnership since 1992-03-01 |
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companies' house number: |
FN 24455 p Linz 1978-11-22 |
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Activities: |
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Trade names: |
Palido |
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DVR number: |
0457043 |
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VAT number: |
ATU 23342700 |
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ARA-number: |
226365778 |
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number - Austrian National Bank: |
220493 |
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Import |
Country |
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|
|
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Import |
Germany |
|
2013 |
|
||
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Import |
Hong Kong |
|
2013 |
|
||
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Import |
Israel |
|
2013 |
|
||
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Import |
Italy |
|
2013 |
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||
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Import |
Spain |
|
2013 |
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Export |
Country |
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Export |
Germany |
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2013 |
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Export |
Russian Federation |
|
2013 |
|
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total turnover (total sales) |
2012 |
EUR 8.200.000,00 |
(estimated) |
|
total turnover (total sales) |
2011 |
EUR 8.200.000,00 |
(estimated) |
|
total employees |
2013 |
37 |
(approx.) |
|
white collar workers |
2013 |
31 |
(approx.) |
|
blue collar workers |
2013 |
1 |
(approx.) |
|
part-time employees |
2013 |
4 |
(approx.) |
|
apprentices |
2013 |
1 |
(approx.) |
|
total company vehicles |
2013 |
16 |
(approx.) |
|
cars |
2013 |
16 |
(approx.) |
|
firm
(style): |
|
2
S. Paukner GmbH & Co.KG. |
|
legal
form: |
|
2
Kommanditgesellschaft |
|
registered
office: |
|
1
politischer Gemeinde Linz |
|
business
adress: |
|
18
Franzosenhausweg 57 |
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general
partner: |
|
B
S. Paukner GmbH |
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limited
partner: |
|
A
Siegfried Paukner, geb. 29.12.1943 |
|
reference
date annual accounts: |
|
4
letzter Tag im Februar |
|
annual
accounts: |
|
21
zum 29.02.2012 eingereicht am 26.11.2012 |
|
general
table: |
|
Landesgericht Linz |
|
Real
estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Evelyn Paukner |
1948-02-28 |
4060 Leonding Am Buchberg 18 |
limited partner |
1 |
|
|
kfm. Angestellte |
|||
|
Siegfried Paukner |
1943-12-29 |
4060 Leonding Am Buchberg 18 |
limited partner, head of purchasing, head of personnel |
1 |
|
Mag. Christoph Paukner |
1972-05-18 |
4060 Leonding Am Buchberg 14 |
limited partner, head of sales, head of marketing |
6 |
|
Monika Kraml |
|
4021 Linz Hopfengasse 9a(c/o) |
head of accounting |
0 |
|
Günther Mühleder |
|
4021 Linz Hopfengasse 9a(c/o) |
head of EDP |
0 |
(absolute) all amounts in
EUR
|
|
2012-02-29 |
|
Other intangible assets |
13.091,68 |
|
Sum intangible assets |
13.091,68 |
|
Land with buildings (building value) |
753.331,21 |
|
Other operating and business equipment |
559.107,14 |
|
Sum tangible assets |
1.312.438,35 |
|
Special account financial assets |
29.613,80 |
|
Sum financial assets |
29.613,80 |
|
Sum fixed assets |
1.355.143,83 |
|
Special account stock |
3.327.604,17 |
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Sum stock |
3.327.604,17 |
|
Special account claims |
2.615.722,17 |
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Sum claims |
2.615.722,17 |
|
Cash on hand, cheques and bank deposits |
900,94 |
|
Sum cash and bank |
900,94 |
|
Sum current assets |
5.944.227,28 |
|
Deferred charges |
31.797,47 |
|
Sum deferred charges |
31.797,47 |
|
Assets |
7.331.168,58 |
|
Capital silent partner |
145.345,66 |
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Share general partner |
1.573.494,76 |
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Sum equity capital |
1.718.840,42 |
|
Other reserves before taxes |
25.751,24 |
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Sum reserves before taxes |
25.751,24 |
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Reservesfor severance pays |
217.408,55 |
|
Other reserves |
1.779.390,66 |
|
Sum reserves |
1.996.799,21 |
|
Liabilities against credit institutes |
1.696.112,78 |
|
Other liabilities |
1.893.664,93 |
|
Sum liabilities |
3.589.777,71 |
|
Liabilities |
7.331.168,58 |
|
Balance sheet sum |
7.331.168,58 |
(absolute) all amounts in
EUR
|
|
2012-02-29 |
|
Gross profit |
4.567.096,93 |
|
Sum turnover or sum gross profit |
4.567.096,93 |
|
Profits from retirement of fixed assets, except financial
assets |
8.000,00 |
|
Income from dissolution of reserves |
20.000,00 |
|
Other operating profits |
70.992,02 |
|
Other operating profits totally |
98.992,02 |
|
Wages |
-12.244,00 |
|
Salaries |
-983.977,67 |
|
Costs for severance pays |
-31.573,81 |
|
Legal fringe benefits and other payments depending on
salaries |
-286.618,14 |
|
Other social fringe benefits |
-4.354,03 |
|
Personnel expenses totally |
-1.318.767,65 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-250.357,82 |
|
Depreciation tangible assets / intangible assets
totally |
-250.357,82 |
|
Different operating costs |
-2.671.761,30 |
|
Other operating costs totally |
-2.671.761,30 |
|
Operating result totally |
425.202,18 |
|
Income from other securities and loans of financial
assets |
1.062,52 |
|
Interest income, securties income and similar income |
16.742,05 |
|
Interest and similar disbursements |
-76.767,06 |
|
Financial profits totally |
-58.962,49 |
|
Results from usual business activity
totally |
366.239,69 |
|
Taxes on income and profits |
-269,79 |
|
Taxes on income and profits totally |
-269,79 |
|
Annual surplus/annual deficit
totally |
365.969,90 |
|
Dissolution reserves before taxes |
4.745,82 |
|
Reserves movements totally |
4.745,82 |
|
Annual profit/annual loss
totally |
370.715,72 |
|
B/S profit/ B/S loss from profit and
loss account |
370.715,72 |
|
|
2012 |
|
Cash flow II |
616.327,72 |
|
Debt amortisation period |
9,06 |
|
Bank indebtedness |
23,13 |
|
Equity capital share |
23,79 |
|
Social capital share |
2,96 |
|
Fixed assets coverage |
144,78 |
|
Net profit ratio |
0,00 |
|
Capital turnover |
0,00 |
|
Return on investment |
6,04 |
|
Cash flow in % of operating performance |
0,00 |
|
Cash flow I |
616.597,51 |
|
Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
0,00 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
4.567.096,93 |
|
Type |
Locations |
Description |
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|
|
E-mail |
|
operational |
Franzosenhausweg 57, A-4030 Linz |
registered office |
|
|
|
|
|
operational |
Franzosenhausweg 57, A-4030 Linz |
registered headquarters, rented premises |
|
|
|
office@palido.at |
|
operational |
Postfach 68, A-4021 Linz |
postbox |
|
|
|
|
|
former |
Hopfengasse 9a, A-4021 Linz |
registered office |
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|
former |
Hopfengasse 9a, A-4021 Linz |
registered headquarters |
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|
|
|
|
former |
Wienerstraße 11, A-4020 Linz |
registered headquarters |
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Company name |
Postal code |
|
|
Companies House |
|
Shares in this company are
held by: |
||||
|
S. Paukner GmbH |
Franzosenhausweg 57, A-4030 Linz |
1992-07-01 |
|
FN 91767 b |
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1
S. Paukner GmbH |
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1
Gesellschaft mit beschränkter Haftung |
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|
1
ATS 500.000 |
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1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
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C
Mag. Christoph Paukner, geb. 18.05.1972 |
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A
Siegfried Paukner, geb. 29.12.1943 |
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Affiliated companies and
further participations: |
||||
|
Lifestyle Consulting Group GmbH |
Franzosenhausweg 57, A-4030 Linz |
|
|
FN 308001 v |
|
Christoph Paukner |
Hopfengasse 9a, A-4020 Linz |
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 4021 Linz/Donau |
12000 |
main bank connection |
|
Oberbank AG, 4010 Linz |
15000 |
secondary banking connection |
|
Year of incorporation: |
1973 |
|
Date of registration: |
1978-11-22 |
DIAMOND INDUSTRY –
INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the untiring
and unflagging efforts of the Indian diamantaires, supported by progressive
Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
The diamond jewellery industry in India today may be more than Rs 60000
mil and is rated amongst the fastest growing in the world. Indi ranks
third in the world in domestic diamond consumption.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
DIAMOND SAGA –
DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
-
Most of the money borrowed from the banks in the name of their diamond
business has been diverted in real estate and the share market. The banks are
not in a position to seize their properties because in many cases, these were
purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.40 |
|
UK Pound |
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.71.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.