|
Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
STORK PRINTS AUSTRIA GMBH |
|
|
|
|
Formerly Known As : |
Stork Prints Austria AG |
|
|
|
|
Registered Office : |
Kufsteinerstraße 4, A-6336 Langkampfen |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
03.05.1971 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of machinery for textile, apparel and leather
production |
|
|
|
|
No. of Employees : |
106 (approximately) |
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 |
|
Company name: |
Stork Prints Austria GmbH |
|
Status: |
active company |
|
Locations: |
Kufsteinerstraße 4, A-6336 Langkampfen |
|
Phone: |
0043 (5372) 6993 |
|
Fax: |
0043 (5372) 6993 – 54 |
|
E-mail: |
|
|
Internet: |
|
|
Activities: |
Önace 28940 100% Manufacture of machinery for textile,
apparel and leather production |
|
|
|
|
General Assessment: |
|
|
Probability of Default (Basel II): |
0,05% 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: |
Payments are sometimes made using cash discounts or
according to conditions. |
|
|
Financial situation is average. |
|
Year of incorporation: |
1971 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company since 1993-12-10 |
|
||||
|
companies' house number: |
FN 38678 f Innsbruck 1971-05-03 |
|
||||
|
VAT number: |
ATU 32274801 |
|
||||
|
number - Austrian National Bank: |
187933 |
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||||
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|
|
|||||
|
Export |
Country |
|
|
|
||
|
Export |
world-wide |
|
2013 |
|
||
|
total turnover (total sales) |
2012 |
EUR 18.000.000,00 |
(approx.) |
|
total turnover (total sales) |
2011 |
EUR 17.779.000,00 |
(approx.) |
|
total turnover (total sales) |
2010 |
EUR 15.537.000,00 |
(approx.) |
|
total turnover (total sales) |
2009 |
EUR 15.127.000,00 |
(approx.) |
|
total turnover (total sales) |
2008 |
EUR 18.000.000,00 |
(approx.) |
|
total employees |
2013 |
106 |
(approx.) |
|
white collar workers |
2013 |
93 |
(approx.) |
|
blue collar workers |
2013 |
13 |
(approx.) |
|
total investments |
2011 |
EUR 371.349,99 |
(exact) |
|
total company vehicles |
2013 |
10 |
(approx.) |
|
firm
(style): |
|
27
Stork Prints Austria GmbH |
|
legal
form: |
|
27
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
5
politischer Gemeinde Langkampfen |
|
business
adress: |
|
23
Kufsteiner Straße 4 |
|
capital: |
|
18
EUR 73.000 |
|
reference
date annual accounts: |
|
11
31. Dezember |
|
annual
accounts: |
|
43
zum 31.12.2011 eingereicht am 16.08.2012 |
|
power
of representation: |
|
27
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
|
proxy: |
|
W
Ing. Dr. Richard Schuster, geb. 25.10.1970 |
|
managing
director: |
|
Y
Arnoldus Bouwmeester, geb. 10.02.1976 |
|
shareholder: |
|
S
STK Nederland B.V. |
|
general
table: |
|
Landesgericht Innsbruck |
|
Registration number of real estate 1163
Cadastral register 83009 Langkampfen T Number and date of
entry 23456/2012 Status of 2013-10-07 |
|
Part
A - type of real estate : |
|
GST-NR
G BA (NUTZUNG)
FLÄCHE GST-ADRESSE |
|
Part
B - ownership details : |
|
1 ANTEIL: 1/1 |
|
Part
C - registered charges : |
|
2
a 1901/1985 |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions
(as registered in the companies' house) |
|
Arnoldus Bouwmeester |
1976-02-10 |
5463CB Veghel Dr. Schaepmanlaan 2 |
manager |
1 |
|
Ing. Klaus Kruckenhauser |
1964-12-27 |
6336 Langkampfen Kufsteinerstraße 4(c/o) |
joint signing clerk |
0 |
|
Ing.Dr. Richard Schuster |
1970-10-25 |
6600 Reutte Schoberstadl 22 |
joint signing clerk |
0 |
(absolute) all amounts in EUR
|
|
2011-12-31 |
|
Other intangible assets |
230.316,00 |
|
Sum intangible assets |
230.316,00 |
|
Land with buildings (building value) |
2.597.345,71 |
|
Other operating and business equipment |
231.991,28 |
|
Technical plants and machines |
305.982,00 |
|
Sum tangible assets |
3.135.318,99 |
|
Special account financial assets |
78.587,38 |
|
Sum financial assets |
78.587,38 |
|
Sum fixed assets |
3.444.222,37 |
|
Special account stock |
1.838.221,38 |
|
Sum stock |
1.838.221,38 |
|
Claims against related firmes Claims against companies with
shareholding relationship |
7.481.466,09 |
|
Special account claims |
2.052.896,10 |
|
Sum claims |
9.534.362,19 |
|
Cash on hand, cheques and bank deposits |
558.867,63 |
|
Sum cash and bank |
558.867,63 |
|
Sum current assets |
11.931.451,20 |
|
Deferred charges |
38.988,52 |
|
Sum deferred charges |
38.988,52 |
|
Assets |
15.414.662,09 |
|
Subscribed/declared capital |
73.000,00 |
|
Not committed capital reserves |
900.000,00 |
|
Other reserves |
7.300,00 |
|
Balance sheet profit/balance sheet loss |
5.790.804,01 |
|
Thereof profit/loss carried forward |
3.729.847,71 |
|
Sum equity capital |
6.771.104,01 |
|
Reservesfor severance pays |
1.359.000,00 |
|
Other reserves |
2.346.200,00 |
|
Sum reserves |
3.705.200,00 |
|
Liabilities against credit institutes |
2.300.016,32 |
|
Liabilities against related firms |
73.726,31 |
|
Other liabilities |
1.698.696,37 |
|
Sum liabilities |
4.072.439,00 |
|
Deferred income |
865.919,08 |
|
Sum deferred income |
865.919,08 |
|
Liabilities |
15.414.662,09 |
|
Balance sheet sum |
15.414.662,09 |
(absolute) all amounts in EUR
|
|
2011-12-31 |
|
Gross profit |
11.759.685,26 |
|
Sum turnover or sum gross profit |
11.759.685,26 |
|
Income from dissolution of reserves |
437.702,00 |
|
Other operating profits |
381.912,65 |
|
Other operating profits totally |
819.614,65 |
|
Wages |
-336.575,49 |
|
Salaries |
-4.698.219,11 |
|
Costs for severance pays |
-332.419,37 |
|
Legal fringe benefits and other payments depending on
salaries |
-1.327.977,00 |
|
Other social fringe benefits |
-61.468,86 |
|
Personnel expenses totally |
-6.756.659,83 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-859.237,01 |
|
Depreciation tangible assets / intangible assets
totally |
-859.237,01 |
|
Different operating costs |
-3.080.922,26 |
|
Other taxes |
-19.200,06 |
|
Other operating costs totally |
-3.100.122,32 |
|
Operating result totally |
1.863.280,75 |
|
Profits from the retirement of and investment in financial
assets and securities of current assets |
1.593,07 |
|
Interest income, securties income and similar income |
302.842,84 |
|
Interest and similar disbursements |
-52.845,73 |
|
Financial profits totally |
251.590,18 |
|
Results from usual business activity
totally |
2.114.870,93 |
|
Taxes on income and profits |
-53.914,63 |
|
Taxes on income and profits totally |
-53.914,63 |
|
Annual surplus/annual deficit
totally |
2.060.956,30 |
|
Annual profit/annual loss
totally |
2.060.956,30 |
|
Profit and loss carried forward from previous year |
3.729.847,71 |
|
Transfer of profits totally |
3.729.847,71 |
|
B/S profit/ B/S loss from profit and
loss account |
5.790.804,01 |
|
|
2011 |
|
Cash flow II |
2.920.193,31 |
|
Debt amortisation period |
2,47 |
|
Bank indebtedness |
14,92 |
|
Equity capital share |
43,92 |
|
Social capital share |
8,81 |
|
Fixed assets coverage |
236,05 |
|
Net profit ratio |
0,00 |
|
Capital turnover |
0,00 |
|
Return on investment |
14,06 |
|
Cash flow in % of operating performance |
0,00 |
|
Cash flow I |
2.974.107,94 |
|
Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
0,00 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
11.759.685,26 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Kufsteiner Straße 4, A-6336 Langkampfen |
registered office |
|
|
|
|
|
operational |
Kufsteinerstraße 4,
A-6336 Langkampfen, (umben.v.Unterlangkampfen 461) |
registered headquarters, owned
property |
|
|
|
|
|
former |
Schaftenau, Unterlangkampfen , A-6336 Langkampfen |
registered office |
|
|
|
|
|
former |
Unterlangkampfen 461, A-6336 Langkampfen |
registered headquarters |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are
held by: |
||||
|
Stork Prints B.V. |
Raamstraat 3, NL-5831AT Boxmeer |
99.9 % 2007-05-16 |
|
|
|
STK Nederland B.V. |
Amersfoortsestraatweg 7, NL-1412 Naarden |
0.1 % 2004-05-01 |
|
32053605 |
|
|
||||
|
Affiliated companies and further
participations: |
||||
|
Stork Gesellschaft m.b.H. |
Plankengasse 7, A-1010 Wien |
|
|
FN 78775 x |
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 6330 Kufstein |
20151 |
main bank connection |
|
Year of incorporation: |
1971 |
|
Date of registration: |
1971-05-03 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2003-07-10 |
Schablonentechnik Kufstein Aktiengesellschaft |
|
2003-07-10 |
2004-05-01 |
Stork Prints Austria AG |
|
2004-05-01 |
|
Stork Prints Austria GmbH |
|
Change of legal form: |
||
|
From |
To |
Legal form |
|
|
2004-05-01 |
joint stock company |
|
2004-05-01 |
|
limited liability company |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2000-09-18 |
ATS 1.000.000,00 |
|
2000-09-18 |
|
EUR 73.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
1998-10-02 |
member of the supervisory
board |
Alfred van Efferen |
|
1998-10-02 |
2001-10-02 |
member of the supervisory
board |
Hans Albert Dirk van den
Boogaard |
|
2002-01-24 |
2004-04-15 |
member of the supervisory
board |
Dirk Wim Joustra |
|
|
2004-05-01 |
member of the supervisory
board |
Dr. Andreas Foglar
Deinhardstein |
|
1993-12-10 |
2004-05-01 |
employee's representative on
the supervisory board |
Helmut Bodner |
|
|
2004-05-01 |
employee's representative on
the supervisory board |
Ernst Kapfinger |
|
2004-05-01 |
2011-12-10 |
manager |
Stefan Rückl |
|
2003-02-19 |
2004-05-01 |
joint signing clerk |
Stefan Rückl |
|
|
2004-06-17 |
joint signing clerk |
Mag. Thilo Werzinger |
|
2007-05-16 |
2008-11-25 |
joint signing clerk |
Rolph Houterman |
|
|
2010-09-04 |
joint signing clerk |
Ewald Pollhammer |
|
1998-06-19 |
1999-02-23 |
chairman of the executive
board |
Siegfried Rückl |
|
|
1998-06-19 |
member of the executive
board |
Siegfried Rückl |
|
1998-06-19 |
1999-02-23 |
member of the executive
board |
Antonius Martinus Proos |
|
1999-02-23 |
2004-05-01 |
member of the executive
board |
Siegfried Rückl |
|
|
1999-07-30 |
chairman of the supervisory
board |
Gerardus Adrianus
Christiaanse |
|
1999-07-30 |
2004-04-15 |
chairman of the supervisory
board |
Arvid Manneke |
|
2004-04-15 |
2004-05-01 |
chairman of the supervisory
board |
Dirk Wim Joustra |
|
1993-12-10 |
1998-10-02 |
deputy chairman of the
supervisory board |
Jhr. Henrick van Lannep |
|
1998-10-02 |
2004-05-01 |
deputy chairman of the
supervisory board |
Alfred van Efferen |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2004-05-01 |
2004-10-05 |
partner |
Stork Laser Technology B.V. |
|
2004-10-05 |
2007-05-16 |
partner |
Stork N.V. |
|
|
2004-05-01 |
shareholder |
Stork Laser Technology B.V. |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
|
|
STK-Leasing Gesellschaft m.b.H. |
|
1993-09-16 |
1999-11-12 |
STK Industrieanlagenleasing Gesellschaft m.b.H. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
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.