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Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
KINGSROAD HANDELSGESELLSCHAFT M.B.H. |
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Registered Office : |
Am Heumarkt 3/1/46, A-1030 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
03.03.2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of grain, unmanufactured tobacco, seeds and
animal feeds |
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No. of Employees : |
03 |
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 |
|
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 |
|
Last up-date: |
2013-05-27 |
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Company name: |
KINGSROAD Handelsgesellschaft
m.b.H. |
|
Status: |
active company |
|
Locations: |
Am Heumarkt 3/1/46, A-1030 Wien |
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Phone: |
0043 (1) 7134668 |
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Fax: |
0043 (1) 7134672 |
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E-mail: |
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Activities: |
Önace 46210 100% Wholesale of grain, unmanufactured
tobacco, seeds and animal feeds |
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|
|
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General Assessment: |
|
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Probability of Default (Basel
II): |
0,37% Low risk |
|
comparison: |
The Rating of this company
meets 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: |
As far as insight is possible,
payments are mostly made according to conditions, nothing detrimental known.
No experience of importance at present. |
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Company's solvency is average.
An increasing amount of external capital is required for investments. |
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Year of incorporation: |
2000 |
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Activities: |
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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 2000-02-23 |
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companies' house number: |
FN 192625 y Wien 2000-03-03 |
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VAT number: |
ATU 48921500 |
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number - Austrian National Bank: |
4577469 |
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Import |
Country |
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|
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||
|
Import |
France |
|
2013 |
|
||
|
Import |
Germany |
|
2013 |
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||
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Import |
Italy |
|
2013 |
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||
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Import |
Netherlands |
|
2013 |
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||
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Import |
Russian Federation |
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2013 |
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Export |
Country |
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Export |
world-wide |
|
2013 |
|
|
total turnover (total sales) |
2012 |
EUR 37.600.000,00 |
(estimated) |
|
total turnover (total sales) |
2011 |
EUR 37.628.000,00 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 23.814.000,00 |
(approx.) |
|
total turnover (total sales) |
2009 |
EUR 27.973.000,00 |
(approx.) |
|
total employees |
2013 |
3 |
(approx.) |
|
firm
(style): |
|
1
KINGSROAD Handelsgesellschaft m.b.H. |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
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registered
office: |
|
1
politischer Gemeinde Wien |
|
business
adress: |
|
3
Am Heumarkt 3/1/46 |
|
capital: |
|
1
EUR 35.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
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annual
accounts: |
|
20
zum 31.12.2011 eingereicht am 28.09.2012 |
|
power
of representation: |
|
1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
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managing
director: |
|
B
Alexey Krivonosov, geb. 11.01.1951 |
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shareholder: |
|
G
ABG Treuhand- und Beratungs GmbH |
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general
table: |
|
Handelsgericht Wien |
|
Real
estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Vladimir Krivonosov |
1974-06-14 |
1050 Wien Am Hundsturm 6 |
manager |
0 |
|
Alexey Krivonosov |
1951-01-11 |
1040 Wien Wiedner Hauptstraße 17 |
manager |
0 |
(absolute) all amounts in
EUR
|
|
2011-12-31 |
|
Other intangible assets |
0,14 |
|
Sum intangible assets |
0,14 |
|
Land with buildings (basic value) |
759.298,89 |
|
Other operating and business equipment |
16.488,56 |
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Sum tangible assets |
775.787,45 |
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Sum fixed assets |
775.787,59 |
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Special account stock |
2.480.686,98 |
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Sum stock |
2.480.686,98 |
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Special account claims |
4.781.915,34 |
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Sum claims |
4.781.915,34 |
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Cash on hand, cheques and bank deposits |
330.341,03 |
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Sum cash and bank |
330.341,03 |
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Sum current assets |
7.592.943,35 |
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Assets |
8.368.730,94 |
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Subscribed/declared capital |
35.000,00 |
|
Shares outstanding, not claimed |
-17.500,00 |
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Other reserves |
165.000,00 |
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Balance sheet profit/balance sheet loss |
1.891.754,52 |
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Thereof profit/loss carried forward |
606.709,00 |
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Sum equity capital |
2.074.254,52 |
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Reservesfor severance pays |
29.043,53 |
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Other reserves |
354.695,69 |
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Sum reserves |
383.739,22 |
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Other liabilities |
5.910.737,20 |
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Sum liabilities |
5.910.737,20 |
|
Liabilities |
8.368.730,94 |
|
Balance sheet sum |
8.368.730,94 |
(absolute) all amounts in
EUR
|
|
2011-12-31 |
|
Gross profit |
2.228.570,52 |
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Sum turnover or sum gross profit |
2.228.570,52 |
|
Other operating profits |
246.463,90 |
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Other operating profits totally |
246.463,90 |
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Salaries |
-236.773,79 |
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Costs for severance pays |
110,05 |
|
Legal fringe benefits and other payments depending on
salaries |
-50.754,34 |
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Personnel expenses totally |
-287.418,08 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-15.147,25 |
|
Depreciation tangible assets / intangible assets
totally |
-15.147,25 |
|
Different operating costs |
-657.063,04 |
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Other taxes |
-145,20 |
|
Other operating costs totally |
-657.208,24 |
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Operating result totally |
1.515.260,85 |
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Interest income, securties income and similar income |
236.918,58 |
|
Interest and similar disbursements |
-30.437,91 |
|
Financial profits totally |
206.480,67 |
|
Results from usual business activity
totally |
1.721.741,52 |
|
Taxes on income and profits |
-436.696,00 |
|
Taxes on income and profits totally |
-436.696,00 |
|
Annual surplus/annual deficit
totally |
1.285.045,52 |
|
Annual profit/annual loss
totally |
1.285.045,52 |
|
Profit and loss carried forward from previous year |
606.709,00 |
|
Transfer of profits totally |
606.709,00 |
|
B/S profit/ B/S loss from profit and
loss account |
1.891.754,52 |
|
|
2011 |
|
Cash flow II |
1.300.192,77 |
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Debt amortisation period |
4,58 |
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Bank indebtedness |
0,00 |
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Equity capital share |
24,78 |
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Social capital share |
0,34 |
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Fixed assets coverage |
271,11 |
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Net profit ratio |
0,00 |
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Capital turnover |
0,00 |
|
Return on investment |
20,93 |
|
Cash flow in % of operating performance |
0,00 |
|
Cash flow I |
1.736.888,77 |
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Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
0,00 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
2.228.570,52 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Am Heumarkt 3/1/46, A-1030 Wien |
registered office |
|
|
|
|
|
operational |
Am Heumarkt 3/1/46, A-1030 Wien |
registered headquarters,
rented premises |
|
|
|
|
|
former |
Johann-Staudstraße 70/A13, A-1160 Wien |
registered office |
|
|
|
|
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former |
Johann Staudstraße 70/A13, A-1160 Wien |
registered headquarters |
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Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are
held by: |
||||
|
KRD - Privatstiftung |
Tegetthoffstraße 7, A-1010 Wien |
99 % 2011-03-26 |
|
FN 350942 t |
|
ABG Treuhand- und Beratungs GmbH |
Tegetthoffstraße 7, A-1010 Wien |
1 % 2006-02-10 |
|
FN 67962 w |
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
main bank connection |
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Year of incorporation: |
2000 |
|
Date of registration: |
2000-03-03 |
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Former executives: |
|||
|
From |
To |
Function |
Name |
|
2000-03-03 |
2000-03-17 |
manager |
Manfred Hirschmann |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2000-03-03 |
2006-02-10 |
partner |
Vladimir Belov |
|
2000-03-03 |
2006-02-10 |
partner |
Manfred Hirschmann |
|
2000-03-03 |
2006-02-10 |
partner |
Alexey Krivonosov |
|
2003-01-31 |
2006-02-10 |
partner |
Mag. Stefan Malaschofsky |
|
2000-03-03 |
2006-02-10 |
partner |
Iouri Grigorjevich Syrtsev |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.62 |
|
UK Pound |
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.96 |
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.