|
Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
STARLINGER & CO GESELLSCHAFT M.B.H. |
|
|
|
|
Registered Office : |
Sonnenuhrgasse 4, A-1060 Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.01.2013 |
|
|
|
|
Date of Incorporation : |
1835 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of plastics and rubber machinery |
|
|
|
|
No. of Employees : |
592 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
|
Last up-date: |
2014-03-26 |
|
Company name: |
STARLINGER & CO GESELLSCHAFT M.B.H. |
|
Status: |
active company |
|
Locations: |
Sonnenuhrgasse 4, A-1060 Wien |
|
Phone: |
0043 (1) 59955 |
|
Fax: |
0043 (1) 59955 - 181 |
|
E-mail: |
office@starlinger.com |
|
Internet: |
http://www.starlinger.com |
|
Activities: |
Önace 28960 50% Manufacture of plastics and rubber machinery |
|
|
Önace 28940 50% Manufacture of machinery for textile, apparel and
leather production |
|
Year of incorporation: |
1835 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company since 1975-10-24 |
|
||||
|
companies' house number: |
FN 117230 y Wien 1975-11-04 |
|
||||
|
Trade names: |
Viscotec |
|
||||
|
Trade names: |
Viscotec Starlinger |
|
||||
|
VAT number: |
ATU 14653604 |
|
||||
|
number - Austrian National Bank: |
43915 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
Germany |
|
2014 |
|
||
|
Import |
Italy |
|
2014 |
|
||
|
Import |
Great Britain and Northern Ireland / United Kingdom |
|
2014 |
|
||
|
Import |
Eastern Europe |
|
2014 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
world-wide |
|
2014 |
|
|
total turnover (total sales) |
2013 |
EUR 180.255.900,00 |
(estimated) |
|
total turnover (total sales) |
2012 |
EUR 180.255.861,51 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 171.347.371,66 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 166.345.477,85 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 105.937.823,53 |
(exact) |
|
total employees |
2014 |
592 |
(approx.) |
|
total investments |
2012 |
EUR 4.332.394,88 |
(exact) |
|
total company vehicles |
2014 |
49 |
(approx.) |
|
cars |
2014 |
36 |
(approx.) |
|
lorries more than 3.5t |
2014 |
13 |
(approx.) |
|
firm (style): |
|
1
Starlinger & Co Gesellschaft m.b.H. |
|
legal form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered office: |
|
1
politischer Gemeinde Wien |
|
business adress: |
|
1
Sonnenuhrg. 4 1060 Wien |
|
capital: |
|
1
ATS 1.000.000 |
|
reference date annual accounts: |
|
1
31. Jänner |
|
annual accounts: |
|
38 zum 31.01.2013 eingereicht am
29.10.2013 |
|
power of representation: |
|
1 Die Generalversammlung
bestimmt, wenn mehrere Geschäfts- |
|
proxy: |
|
M Hermann Adrigan, geb.
11.11.1960 |
|
managing director: |
|
E Angelika Huemer, geb.
12.04.1963 |
|
shareholder: |
|
C Franz S. Huemer Gesellschaft
m.b.H. |
|
general table: |
|
Handelsgericht Wien |
|
Registration number of real estate 139 Cadastral
register 04327 Weißenbach an der Triesting N Number and
date of entry 5375/2011 Status of 2013-03-11 |
|
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 : |
|
1 a 425/1888 175/1985 2170/1996 |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Dipl-Ing. Anton Huber |
1955-09-25 |
2560 Berndorf Josef Mocgasse 14 |
manager |
0 |
|
Angelika Huemer |
1963-04-12 |
2565 Maria Raisenmarkt Burg 1 |
manager, partner, head of personnel |
8 |
|
Hermann Adrigan |
1960-11-11 |
2721 Bad Fischau Grünegasse 7 |
joint signing clerk, head of sales |
2 |
|
Mag. Wolfgang Stidl |
1960-10-23 |
2560 Hernstein Kippweg 21 |
joint signing clerk, head of accounting |
0 |
|
Christian Lechner |
|
1060 Wien Sonnenuhrgasse 4(c/o) |
head of purchasing |
0 |
|
Mag. Walter Jüttner |
|
1060 Wien Sonnenuhrgasse 4(c/o) |
head of marketing |
0 |
|
Harald Berger |
|
1060 Wien Sonnenuhrgasse 4(c/o) |
head of EDP |
0 |
all amounts in EUR
|
|
2013-01-31 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
320.762,65 |
|
|
|
|
|
Sum intangible assets |
320.762,65 |
|
|
|
|
|
|
|||||
|
Land with buildings (building value) |
18.852.648,68 |
|
|
|
|
|
Other operating and business equipment |
1.729.548,21 |
|
|
|
|
|
Technical plants and machines |
2.821.224,90 |
|
|
|
|
|
Advanced payments and constructions in progress |
32.817,00 |
|
|
|
|
|
Sum tangible assets |
23.436.238,79 |
|
|
|
|
|
|
|||||
|
Shares on related firms |
3.736.110,01 |
|
|
|
|
|
Other shareholdings |
51.020,07 |
|
|
|
|
|
Loans to related firms |
1.031.389,99 |
|
|
|
|
|
Other financial assets, values and securities of fixed assets |
63.149,01 |
|
|
|
|
|
Sum financial assets |
4.881.669,08 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
28.638.670,52 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and supplies |
11.137.989,13 |
|
|
|
|
|
Unfinished products |
12.199.283,84 |
|
|
|
|
|
Finished products |
22.460.259,91 |
|
|
|
|
|
Outstanding service claims |
-5.720.409,56 |
|
|
|
|
|
Advanced payments |
3.296.549,59 |
|
|
|
|
|
Sum stock |
43.373.672,91 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
33.791.360,21 |
|
|
|
|
|
Claims against related firmes Claims against companies with
shareholding relationship |
374.619,54 |
|
|
|
|
|
Special account claims |
4.144.173,79 |
|
|
|
|
|
Sum claims |
38.310.153,54 |
|
|
|
|
|
|
|||||
|
Other securities |
10.473.843,60 |
|
|
|
|
|
Sum securities and shares |
10.473.843,60 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
12.687.132,83 |
|
|
|
|
|
Sum cash and bank |
12.687.132,83 |
|
|
|
|
|
|
|||||
|
Sum current assets |
104.844.802,88 |
|
|
|
|
|
|
|||||
|
Deferred charges |
658.706,86 |
|
|
|
|
|
Sum deferred charges |
658.706,86 |
|
|
|
|
|
Assets |
134.142.180,26 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
72.672,83 |
|
|
|
|
|
Committed capital reserves |
106.109,20 |
|
|
|
|
|
Free reserves |
3.806.425,73 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
35.577.922,69 |
|
|
|
|
|
Thereof profit/loss carried forward |
29.116.756,61 |
|
|
|
|
|
Sum equity capital |
39.563.130,45 |
|
|
|
|
|
|
|||||
|
Valuation reserves and other reserves before taxes |
299.332,14 |
|
|
|
|
|
Sum reserves before taxes |
299.332,14 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
5.199.563,09 |
|
|
|
|
|
Reserves for pensions |
35.910,00 |
|
|
|
|
|
Tax reserves |
3.114.291,00 |
|
|
|
|
|
Other reserves |
26.046.414,21 |
|
|
|
|
|
Sum reserves |
34.396.178,30 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
24.763.268,68 |
|
|
|
|
|
Received advanced payments for orders |
12.039.553,59 |
|
|
|
|
|
Liabilities from delivered goods and performed services |
15.317.810,60 |
|
|
|
|
|
Liabilities against related firms |
480.569,42 |
|
|
|
|
|
Other liabilities |
7.281.805,73 |
|
|
|
|
|
Sum liabilities |
59.883.008,02 |
|
|
|
|
|
|
|||||
|
Deferred income |
531,35 |
|
|
|
|
|
Sum deferred income |
531,35 |
|
|
|
|
|
Liabilities |
134.142.180,26 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
134.142.180,26 |
|
|
|
|
all amounts in EUR
|
|
2013-01-31 |
|
|
|
|
|
Gross sales |
180.255.861,51 |
|
|
|
|
|
Increase or decrease in finished and unfinished goods and in service
claims |
3.478.519,51 |
|
|
|
|
|
Total turnover or gross profit |
183.734.381,02 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial assets |
42.918,83 |
|
|
|
|
|
Income from dissolution of reserves |
498.700,00 |
|
|
|
|
|
Other operating profits |
983.048,21 |
|
|
|
|
|
Other operating profits totally |
1.524.667,04 |
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-7.089.996,90 |
|
|
|
|
|
Material costs |
-105.892.320,61 |
|
|
|
|
|
Costs for obtained services totally |
-112.982.317,51 |
|
|
|
|
|
|
|||||
|
Wages |
-9.590.338,40 |
|
|
|
|
|
Salaries |
-18.336.781,69 |
|
|
|
|
|
Costs for severance pays |
-756.248,06 |
|
|
|
|
|
Costs for old age pension |
-3.299,00 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-7.437.470,29 |
|
|
|
|
|
Other social fringe benefits |
-296.682,79 |
|
|
|
|
|
Personnel expenses totally |
-36.420.820,23 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses for
the set up and expansion of business operation |
-2.137.688,42 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-2.137.688,42 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-25.532.393,03 |
|
|
|
|
|
Other taxes |
-51.624,18 |
|
|
|
|
|
Total costs |
-25.584.017,21 |
|
|
|
|
|
|
|||||
|
Operating result totally |
8.134.204,69 |
|
|
|
|
|
|
|||||
|
Profits from shareholdings |
255.805,00 |
|
|
|
|
|
Income from other securities and loans of financial assets |
416.747,66 |
|
|
|
|
|
Profits from the retirement of and investment in financial assets and
securities of current assets |
283.458,00 |
|
|
|
|
|
Interest income, securties income and similar income |
909.496,26 |
|
|
|
|
|
Disbursements from other financial assets and from securities of
current assets (e.g. depreciations) |
-46.807,25 |
|
|
|
|
|
Interest and similar disbursements |
-410.841,15 |
|
|
|
|
|
Financial profits totally |
1.407.858,52 |
|
|
|
|
|
|
|||||
|
Results from usual business activity totally |
9.542.063,21 |
|
|
|
|
|
|
|||||
|
Extraordinary profits |
754.130,91 |
|
|
|
|
|
Extraordinary costs |
-716.552,17 |
|
|
|
|
|
Extraordinary result totally |
37.578,74 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-3.124.997,31 |
|
|
|
|
|
Taxes on income and profits totally |
-3.124.997,31 |
|
|
|
|
|
Annual surplus/annual deficit totally |
6.454.644,64 |
|
|
|
|
|
|
|||||
|
Dissolution reserves before taxes |
6.521,77 |
|
|
|
|
|
Reserves movements totally |
6.521,77 |
|
|
|
|
|
Annual profit/annual loss totally |
6.461.166,41 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
29.116.756,61 |
|
|
|
|
|
Transfer of profits totally |
29.116.756,61 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
35.577.923,02 |
|
|
|
|
|
|
2013 |
|
|
|
|
|
|
Cash flow II |
8.592.333,06 |
|
|
|
|
|
|
Debt amortisation period |
6,87 |
|
|
|
|
|
|
Bank indebtedness |
18,46 |
|
|
|
|
|
|
Equity capital share |
32,64 |
|
|
|
|
|
|
Social capital share |
3,90 |
|
|
|
|
|
|
Fixed assets coverage |
157,47 |
|
|
|
|
|
|
Net profit ratio |
5,19 |
|
|
|
|
|
|
Capital turnover |
1,36 |
|
|
|
|
|
|
Return on investment |
7,41 |
|
|
|
|
|
|
Cash flow in % of operating performance |
4,67 |
|
|
|
|
|
|
Cash flow I |
11.679.751,63 |
|
|
|
|
|
|
Gross productivity |
5,04 |
|
|
|
|
|
|
Net productivity |
1,94 |
|
|
|
|
|
|
Operating performance |
183.734.381,02 |
|
|
|
|
|
|
Inventories in % of operating performance |
23,60 |
|
|
|
|
|
|
Gross profit |
70.752.063,51 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Sonnenuhrg. 4, A-1060 Wien |
registered office |
|
|
|
|
|
operational |
Sonnenuhrgasse 4, A-1060 Wien, (ident Millergasse 9) |
registered headquarters, rented premises |
|
|
|
office@starlinger.com |
|
operational |
Adsdorf 38, A-4113 St. Martin Mühlkreis |
branch office |
|
|
|
|
|
operational |
Haupstraße 43, A-2564 Weißenbach Triesting |
factory, owned property |
|
|
|
|
|
operational |
Furtherstaße 47, A-2564 Weißenbach Triesting |
factory, owned property |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are held by: |
||||
|
PENTA STAR GmbH |
Sonnenuhrgasse 4, A-1060 Wien |
75 % 2011-09-03 |
|
FN 364027 i |
|
Franz S. Huemer Gesellschaft m.b.H. |
Sonnenuhrgasse 4, A-1060 Wien |
18 % 1975-11-04 |
|
FN 34513 f |
|
FEPIA Privatstiftung |
Sonnenuhrgasse 4, A-1060 Wien |
6.86 % 2000-06-08 |
|
FN 173832 k |
|
Angelika Huemer |
Burg 1, A-2565 Maria Raisenmarkt |
0.14 % 2002-07-06 |
|
|
|
|
||||
|
This company holds 50% to 99% of the shares in: |
||||
|
XMesh Technology GmbH |
Millergasse 9, A-1060 Wien |
50 % 2011-02-24 |
|
FN 358822 f |
|
|
||||
|
This company holds less than 50% of the shares in: |
||||
|
IPSO Industrie Beteiligungs GmbH |
Wollzeile 16, A-1010 Wien |
0.2 % 2011-09-16 |
|
FN 364031 s |
|
FSH Beteiligungs GmbH |
Wienerbergstraße 11/B16, A-1100 Wien |
0.2 % 2011-09-16 |
|
FN 364029 m |
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 1011 Wien |
11000 |
main bank connection |
|
Raiffeisen Bank International AG, 1011 Wien |
31000 |
main bank connection |
|
Oberbank AG, 4010 Linz |
15000 |
secondary banking connection |
|
Raiffeisenkasse Oberes Triestingtal, 2564 Weißenbach/Triesting |
32930 |
secondary banking connection |
|
Year of incorporation: |
1835 |
|
Date of registration: |
1975-11-04 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
1998-08-08 |
2000-12-19 |
manager |
Ingrid Soulier |
|
2000-12-19 |
2002-02-19 |
manager |
Ing. Richard Müssler |
|
|
2002-09-24 |
manager |
Ing. Franz Starlinger Huemer |
|
2005-01-21 |
2009-11-28 |
manager |
Ing. Richard Müssler |
|
2000-12-19 |
2003-02-28 |
manager |
Karl Heinz Willi Krösing |
|
1998-08-08 |
2005-01-21 |
manager |
Kurt Cada |
|
2002-02-19 |
2005-09-07 |
joint signing clerk |
Ing. Peter Schmalholz |
|
2005-12-15 |
2010-04-08 |
joint signing clerk |
Regine Kovacs |
|
2009-11-28 |
2011-02-16 |
manager |
Dipl-Ing. Sven Wolf |
|
2005-12-15 |
2013-12-07 |
individual signing clerk |
Erna Starlinger Huemer |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1975-11-04 |
2002-07-06 |
partner |
Ing. Franz Starlinger Huemer |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
2003-12-17 |
2008-04-26 |
ECON GmbH |
|
1998-08-28 |
2011-09-17 |
Maplan GmbH |
|
1995-10-18 |
2011-09-23 |
SML Maschinengesellschaft mbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.