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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ICD INTERNATIONAL TRADING GMBH |
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Registered Office : |
Am Hafen 6, A-2100 Korneuburg |
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Country : |
Austria |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
20.12.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail trade; repair of motor vehicles |
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No. of Employees : |
Not available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Poor |
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Payment Behaviour : |
Slow |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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: |
2013-03-15 |
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Company name: |
ICD International Trading GmbH |
|
Status: |
active company |
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Locations: |
Am Hafen 6, A-2100 Korneuburg |
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Phone: |
0043 (2262) 62919 |
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Fax: |
0043 (2262) 62919 - 20 |
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E-mail: |
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Activities: |
Önace 46769 40% Wholesale of other intermediate products
n.e.c. |
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|
Önace 46750 40% Wholesale of chemical products |
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|
Önace 46190 20% Agents involved in the sale of a variety
of goods |
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General Assessment: |
|
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Probability of Default (Basel II): |
1,91% Medium high risk |
|
comparison: |
The Rating of this company is worse than industry average. |
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Recommendation: |
In respect to solvency reasons, there is basically nothing
to say against an establishment of a business relationship. However, we
recommend to take additional safeguarding measures. |
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Detail Assessment: |
Payments are made according to conditions. There are no
negative experiences at this time. |
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Increased use of external capital, but the company's
solvency is average. Earnings potential is unsatisfactory. |
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Year of incorporation: |
2011 |
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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 2011-12-09 |
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companies' house number: |
FN 372853 p Korneuburg 2011-12-20 |
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Activities: |
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VAT number: |
ATU 66875768 |
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number - Austrian National Bank: |
11231718 |
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Import |
Country |
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||
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Import |
China |
|
2013 |
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||||
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Export |
Country |
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Export |
China |
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2013 |
|
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total turnover (total sales) |
2012 |
|
(no figures known) |
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total employees |
2013 |
|
(not available) |
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firm
(style): |
|
1
ICD International Trading GmbH |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Korneuburg |
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business
adress: |
|
1
Am Hafen 6 |
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capital: |
|
1
EUR 150.000 |
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reference
date annual accounts: |
|
1
31. Dezember |
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annual
accounts: |
|
3
zum 31.12.2012 eingereicht am 07.03.2013 |
|
managing
director: |
|
A
Roman Eichhorn, geb. 26.11.1954 |
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shareholder: |
|
A
Roman Eichhorn, geb. 26.11.1954 |
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general
table: |
|
Landesgericht Korneuburg |
Real estate
|
|
No real estate property
registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered
in the companies' house) |
|
Roman Eichhorn |
1954-11-26 |
2102 Kleinengersdorf Veiglbergweg 16 |
manager, partner |
0 |
|
Xie Ping Li |
1964-01-10 |
4898 Vancouver Collingwood Street |
partner |
0 |
|
Jehan Rembrandt-Von-Dijk |
1966-04-22 |
7600 Stellenbosch Welgevallenstraat 14 |
partner |
0 |
(absolute) all amounts in
EUR
|
|
2012-12-31 |
|
Tangible assets |
2.929,00 |
|
Sum tangible assets |
2.929,00 |
|
Sum fixed assets |
2.929,00 |
|
Claims and other assets |
560.926,79 |
|
Sum claims |
560.926,79 |
|
Cash on hand, cheques and bank deposits |
129.143,50 |
|
Sum cash and bank |
129.143,50 |
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Sum current assets |
690.070,29 |
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Assets |
692.999,29 |
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Subscribed/declared capital |
150.000,00 |
|
Balance sheet profit/balance sheet loss |
-113.226,08 |
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Thereof profit/loss carried forward |
-3.460,06 |
|
Sum equity capital |
36.773,92 |
|
Reserves |
2.000,00 |
|
Sum reserves |
2.000,00 |
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Liabilities |
654.225,37 |
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Sum liabilities |
654.225,37 |
|
Liabilities |
692.999,29 |
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Balance sheet sum |
692.999,29 |
|
|
2012 |
|
Equity capital share |
5,30 |
|
Fixed assets coverage |
1.255,51 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Am Hafen 6, A-2100 Korneuburg |
registered office |
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|
|
|
|
operational |
Am Hafen 6, A-2100 Korneuburg |
registered headquarters, rented premises |
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Company name |
Postal code |
Stake in % |
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Shares in this company are
held by: |
||||
|
Roman Eichhorn |
Veiglbergweg 16, A-2102 Kleinengersdorf |
33.33 % 2011-12-20 |
|
|
|
Jehan Rembrandt-Von-Dijk |
Welgevallenstraat 14, 7600 Stellenbosch, RSA |
33.33 % 2011-12-20 |
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|
|
Xie Ping Li |
Collingwood Street , 4898 Vancouver, CDN |
33.33 % 2011-12-20 |
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Banker |
Bank sort code |
Type of banking connection |
|
Sparkasse der Stadt Korneuburg, 2100 Korneuburg |
20227 |
main bank connection |
|
Year of incorporation: |
2011 |
|
Date of registration: |
2011-12-20 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
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.