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Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
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Name : |
FELLNER-HANDELSGESELLSCHAFT M.B.H. |
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Registered Office : |
Steingasse 174/1/9, A-9020 Klagenfurt |
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Country : |
Austria |
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Financials (as on) : |
31.12.2011 |
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Year of Incorporation : |
1988 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Activities of holding companies |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 |
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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: |
Fellner-Handelsgesellschaft m.b.H. |
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Status: |
active company |
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Locations: |
Steingasse 174/1/9, A-9020 Klagenfurt |
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Phone: |
0043 (699) 11065978 no telephone connection/fixed network |
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E-mail: |
office@fellner-hg.at |
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Activities: |
Önace 64200 100% Activities of holding companies |
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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 Since company is in the service industry only limited experience is available.
As far as insight is possible, payments are made using cash discounts or
according to conditions. |
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Assessment Financial situation is satisfactory. |
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Year of incorporation: |
1988 |
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Activities: |
|
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Type of company: |
Financial and insurance activities |
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Legal form: |
limited liability company since 1988-02-17 |
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companies' house number: |
FN 102700 f Klagenfurt 1988-03-01 |
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ARA-number: |
222 |
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VAT number: |
ATU 26107307 |
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number - Austrian National Bank: |
955418 |
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total turnover (total sales) |
2012 |
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(no figures known) |
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total employees |
2013 |
|
(not available) |
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total investments |
2011 |
EUR 56.886,67 |
(exact) |
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firm (style): |
|
1
Fellner-Handelsgesellschaft m.b.H. |
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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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3 Klagenfurt, politische Gemeinde
Klagenfurt am Wörthersee |
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business adress: |
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24 Steingasse 174/1/9 |
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capital: |
|
13 EUR 500.000 |
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reference date
annual accounts: |
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1 31. Dezember |
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annual accounts: |
|
25
zum 31.12.2011 eingereicht am 27.09.2012 |
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power of
representation: |
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1 Jeder Geschäftsführer
vertritt selbständig. |
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managing
director: |
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B Manfred Fellner, geb.
19.06.1947 |
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shareholder: |
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B Manfred Fellner, geb.
19.06.1947 |
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general table: |
|
Landesgericht Klagenfurt |
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Real estate
text: |
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No real estate property registered |
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
|
Manfred Fellner |
1947-06-19 |
9313 St. Georgen Längsee Dellacherweg 6 |
manager, partner |
0 |
|
Elisabeth Stürzenbecher Fellner |
1963-04-07 |
9100 Völkermarkt Neudenstein 2 |
manager |
0 |
(absolute) all
amounts in EUR
|
|
2011-12-31 |
|
Tangible assets |
142.859,00 |
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Sum tangible assets |
142.859,00 |
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Financial assets |
172.585,00 |
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Sum financial assets |
172.585,00 |
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Sum fixed assets |
315.444,00 |
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Stocks |
195.552,00 |
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Sum stock |
195.552,00 |
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Claims and other assets |
2.051.072,00 |
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Sum claims |
2.051.072,00 |
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Cash on hand, cheques and bank deposits |
2.511.647,00 |
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Sum cash and bank |
2.511.647,00 |
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Sum current assets |
4.758.271,00 |
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Assets |
5.073.715,00 |
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Subscribed/declared capital |
500.000,00 |
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Shares outstanding, not claimed |
-18.168,00 |
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Profit reserves |
82.103,00 |
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Balance sheet profit/balance sheet loss |
2.674.864,00 |
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Thereof profit/loss carried forward |
3.027.703,00 |
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Sum equity capital |
3.238.799,00 |
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Other reserves before taxes |
398,00 |
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Sum reserves before taxes |
398,00 |
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Reserves |
248.221,00 |
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Sum reserves |
248.221,00 |
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Liabilities |
1.586.297,00 |
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Sum liabilities |
1.586.297,00 |
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Liabilities |
5.073.715,00 |
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Balance sheet sum |
5.073.715,00 |
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2011 |
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Equity capital share |
63,84 |
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Fixed assets coverage |
1.026,86 |
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Type |
Locations |
Description |
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E-mail |
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operational |
Steingasse 174/1/9, A-9020 Klagenfurt |
registered headquarters |
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|
|
office@fellner-hg.at |
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operational |
Steingasse 174/1/9, A-9020 Klagenfurt |
registered office |
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former |
Lastenstraße 27, A-9020 Klagenfurt |
registered office |
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former |
Lastenstraße 27, A-9020 Klagenfurt |
registered headquarters |
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former |
Gewerbestraße 17, A-9300 St. Veit Glan |
registered headquarters |
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former |
Dellacherweg 6 u. 7, A-9313 St. Georgen Längsee |
registered headquarters |
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Company name |
Postal code |
Stake in % |
number |
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Shares in this company are held by: |
||||
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Manfred Fellner |
Dellacherweg 6, A-9313 St. Georgen Längsee |
100 % 1988-02-17 |
900.079.178 |
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Banker |
Bank sort code |
Type of banking connection |
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BAWAG P.S.K. Bank für Arbeit und Wirtschaft, 9010 Klagenfurt |
14000 |
main bank connection |
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Raiffeisenlandesbank Kärnten -Rechenzentrum, 9020 Klagenfurt |
39000 |
main bank connection |
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Year of incorporation: |
1988 |
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Date of registration: |
1988-03-01 |
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Change in share capital: |
||
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From |
To |
Capital |
|
|
2005-01-05 |
ATS 500.000,00 |
|
2005-01-05 |
|
EUR 500.000,00 |
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Former executives: |
|||
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From |
To |
Function |
Name |
|
|
1997-01-28 |
manager |
Sieglinde Fellner |
|
1988-03-01 |
2010-01-05 |
manager |
Manfred Fellner |
|
2005-01-05 |
2010-01-05 |
individual signing clerk |
Elisabeth Stürzenbecher Fellner |
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Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1988-02-17 |
2003-11-08 |
partner |
Sieglinde Fellner |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.62 |
|
|
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.96 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.