MIRA INFORM REPORT

 

 

Report Date :

23.11.2013

 

IDENTIFICATION DETAILS

 

Name :

HAUPT CHEMICALS TRADING GMBH

 

 

Registered Office :

Seidengasse 33-35/2/12, A-1070 Wien

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

2005

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Wholesale of pharmaceutical products

·         Wholesale of chemical products

·         Wholesale and retail trade; repair of motor vehicles

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

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

 

 

Payment Behaviour :

No Complaints

 

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 


Basic company information

 

Company name:

HAUPT CHEMICALS TRADING GMBH

Status:

active company

Locations:

Seidengasse 33-35/2/12, A-1070 Wien

Phone:

0043 (1) 5351269

Fax:

0043 (1) 5351269-20

E-mail:

office@haupt-trading.com

Internet:

http://www.haupt-trading.com

Activities:

Onace 46750 60% Wholesale of chemical products

 

Onace 46461 40% Wholesale of pharmaceutical products

General Assessment:

 

 

Model: CompanyScore

Probability of Default (Basel

0,11%

II):

Very low risk

comparison:

The Rating of this company is better than industry average.

Recommendation:

In respect to solvency reasons, there is nothing to say against an establishment of

 

a business relationship.

Detail Assessment:

Payment 250

 

Merchandise is mainly imported. Domestic obligations and invoices of forwarders

 

are settled within net agreements.

 

Assessment 250

 

Financial situation is satisfactory.

 

 

Additional company information

 

Year of incorporation:

2005

Activities:

 

Type of company:

Wholesale and retail trade; repair of motor vehicles

Legal form:

Limited Liability Company since 2005-04-19

companies' house number:

FN 261694 w Wien 2005-06-21

VAT number:

ATU 61783519

number - Austrian National

6962254

Bank:

 

 

Import

Country

 

 

 

Import

China

 

2013

 

Import

European Union

 

2013

 

 

Export

Country

 

 

 

Export

Germany

 

2013

 

Export

Slovenia

 

2013

 

 

Financial data:

 

total turnover (total sales)

2013

EUR 10.000.000,00

(expected)

total turnover (total sales)

2012

EUR 8.700.000,00

(approx.)

total turnover (total sales)

2011

EUR 7.500.000,00

(approx.)

total turnover (total sales)

2010

EUR 6.000.000,00

(approx.)

total turnover (total sales)

2006

EUR 2.500.000,00

(approx.)

total employees

2013

5

(exact)

white collar workers

2013

5

(exact)

total company vehicles

2013

1

(exact)

cars

2013

1

(exact)

 

Extraxt from the Companies' House:

firm (style):

1          HAUPT Chemicals Trading GmbH

legal form:

1          Gesellschaft mit beschrankter Haftung

registered office:

1          politischer Gemeinde Wien

business adress:

5          Seidengasse 33-35/2/12

1070 Wien

 

capital:

1          EUR 35.000

reference date annual accounts:

1          31. Dezember

annual accounts:

12         zum 31.12.2012 eingereicht am 05.09.2013

power of representation:

1          Jeder Geschaftsfuhrer vertritt selbstandig.

1      Erklarung uber die Errichtung der Gesellschaft 001 vom 19.04.2005 Nachtrag vom 16.06.2005

 

proxy:

B

8

Hannelore Sabathiel, geb. 15.05.1964 vertritt seit 10.12.2009 selbstandig

 

 

managing director:

A

1

Dr. Martin Haupt,  geb. 10.10.1968 vertritt seit 21.06.2005 selbstandig

 

 

shareholder:

A

1 1

Dr. Martin Haupt,  geb. 10.10.1968
             EUR 35.000

.... EUR

17.500

 

Summen:                        EUR 35.000

EUR

17.500

 

general table:

 

Handelsgericht Wien

 

 

 

 

 

1

eingetragen am 21.06.2005

Geschaftsfall

72

Fr

4593/05

z

 

Antrag auf Neueintragung einer

Firma    eingelangt am 21.04.2005

 

 

2

eingetragen am 28.06.2005 amtswegige Berichtigung

Geschaftsfall

72

Fr

7095/05

d

5

eingetragen am 01.02.2008

Antrag auf Anderung eingelangt

Geschaftsfall am 27.12.2007

74

Fr

14885/07

t

8

eingetragen am 15.12.2009

Antrag auf Anderung eingelangt

Geschaftsfall am 10.12.2009

72

Fr

16936/09

k

12

eingetragen am 12.09.2013

Geschaftsfall

72

Fr

9785/13

f

 

Elektronische Einreichung Jahresabschluss eingelangt

am 05.09.2013

 

 

Real estate:

Real estate KSV text:

No real estate property registered

 

Private data:

 

Surname

Date of birth

Address

Executive positions

Further executive positions (as registered in the companies' house)

Dr. Martin Haupt

1968-10-10

1170 Wien ArtariastraBe 5

manager, partner

0

Hannelore Sabathiel

1964-05-15

1220 Wien PeuckerstraBe 40

individual signing clerk

0

 

 

Balance Sheet (absolute) all amounts in EUR

 

 

2012-12-31

 

 

 

 

Tangible assets

22.813,04

 

 

 

 

Sum tangible assets

22.813,04

 

 

 

 

 

Financial assets

6.980,00

 

 

 

 

Sum financial assets

6.980,00

 

 

 

 

 

Sum fixed assets 29.793,04

 

Stocks

1.400.969,00

 

 

 

 

Sum stock

1.400.969,00

 

 

 

 

 

Claims and other assets

776.767,42

 

 

 

 

Sum claims

776.767,42

 

 

 

 

 

Cash on hand, cheques and bank deposits

9.621,44

 

 

 

 

Sum cash and bank

9.621,44

 

 

 

 

 

Sum current assets

2.187.357,86

 

 

 

 

 

Deferred charges

2.077,23

 

 

 

 

Sum deferred charges

2.077,23

 

 

 

 

Assets

2.219.228,13

 

 

 

 

 

Subscribed/declared capital

35.000,00

 

 

 

 

Shares outstanding, not claimed

-17.500,00

 

 

 

 

Balance sheet profit/balance sheet loss

1.233.589,70

 

 

 

 

Thereof profit/loss carried forward

1.154.049,18

 

 

 

 

Sum equity capital

1.251.089,70

 

 

 

 

 

Reserves

3.200,00

 

 

 

 

Sum reserves

3.200,00

 

 

 

 

 

Liabilities

964.938,43

 

 

 

 

Sum liabilities

964.938,43

 

 

 

 

 

Liabilities

2.219.228,13

 

 

 

 

 

Balance sheet sum 2.219.228,13

 

Key ratios

 

 

2012

 

 

 

 

 

Equity capital share

56,37

 

 

 

 

 

Fixed assets coverage

4.199,26

 

 

 

 

 

 

Locations

 

Type

Locations

Description

 

Phone Fax

E-mail

operational

Seidengasse 33-35/2/12, A-1070 Wien

registered office

operational

Seidengasse 33-35/2/12, A-1070 Wien

registered headquarters, rented premises

 

 

0043 1 5351269              0043 1 5351269 20

office@haupt-trading.com

 

former

Neubaugasse 77/7, A-1070 Wien

registered office

 

former

Neubaugasse 77/7, A-1070 Wien

registered headquarters

 

 

related companies:

 

Company name

Postal code

Stake in %

KSV-numb

'Companies House

Shares in this company are held by:

Dr. Martin Haupt

ArtariastraBe 5,       100 % 2005-06-21 A-1170 Wien

912.762.997

 

 

Affiliated companies and further participations:

HAUPT Ingredients KG

Seidengasse 33-35/2/12, A-1070

Wien

 

1.241.904

FN 228360 z

 

Bankers:

 

Banker

Bank sort code

Type of banking connection

Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien

20111

main bank connection

 

Historical development:

 

Year of incorporation:

2005

Date of registration:

2005-06-21


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.02

UK Pound

1

Rs.102.04

Euro

1

Rs.84.92

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.