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Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
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Name : |
FREYLIT UMWELTTECHNIK GESELLSCHAFT M.B.H. |
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Registered Office : |
Inkustraße 1-7, A-3400 Klosterneuburg |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
18.08.2014 |
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Legal Form : |
limited liability company |
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Line of Business : |
Wholesale and retail trade; repair of motor vehicles |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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: |
2014-08-18 |
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Company name: |
FREYLIT Umwelttechnik Gesellschaft m.b.H. |
|
Status: |
active company |
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Locations: |
Inkustraße 1-7, A-3400 Klosterneuburg |
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Phone: |
0043 (2243) 30833 |
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Fax: |
0043 (2243) 30833 - 14 |
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E-mail: |
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Internet: |
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Activities: |
Önace 46690 80% Wholesale of other machinery and equipment |
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Önace 43290 20% Other construction installation |
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Date
of collection order |
Amount presently due |
Amount presently paid |
Collection status quo |
since |
|
2013-02-28 |
EUR 0,00 |
EUR 320,40 |
payment due to KSV intervention |
2013-03-11 |
|
2013-01-15 |
EUR 0,00 |
EUR 5.852,10 |
balance (outstanding) payment |
2013-02-04 |
|
2012-01-10 |
EUR 0,00 |
EUR 471,60 |
payment due to KSV intervention |
2012-02-06 |
|
2011-09-30 |
EUR 0,00 |
EUR 384,42 |
payment due to KSV intervention |
2011-11-11 |
|
Sums |
EUR 0,00 |
EUR 7.028,52 |
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|
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Year of incorporation: |
1983 |
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Activities: |
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||||
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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||||
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Legal form: |
limited liability company since 1994-12-20 |
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companies' house number: |
FN 129743 z Korneuburg 1995-01-11 |
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VAT number: |
ATU 38460508 |
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number - Austrian National Bank: |
2461340 |
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Import |
Country |
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Import |
Czech Republic |
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2014 |
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Import |
Poland |
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2014 |
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Export |
Country |
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Export |
world-wide |
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2014 |
|
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total turnover (total sales) |
2013 |
EUR 1.800.000,00 |
(estimated) |
|
total employees |
2014 |
5 |
(approx.) |
|
total company vehicles |
2014 |
6 |
(approx.) |
|
cars |
2014 |
2 |
(approx.) |
|
lorries up to 3.5t |
2014 |
4 |
(approx.) |
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firm
(style): |
|
2
FREYLIT Umwelttechnik Gesellschaft |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
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registered
office: |
|
15
politischer Gemeinde Klosterneuburg |
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business
adress: |
|
15
Inkustraße 1-7/7 |
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capital: |
|
7
EUR 36.500 |
|
reference
date annual accounts: |
|
1
31. Dezember |
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annual
accounts: |
|
22
zum 31.12.2012 eingereicht am 22.08.2013 |
|
power
of representation: |
|
1
Die Generalversammlung bestimmt, wenn mehrere Geschäfts- |
|
proxy: |
|
D
Mario Frey, geb. 09.06.1980 |
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managing
director: |
|
A
Franz Frey, geb. 16.04.1953 |
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shareholder: |
|
A
Franz Frey, geb. 16.04.1953 |
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general
table: |
|
Handelsgericht Wien |
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Real
estate KSV text: |
|
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) |
|
Franz Frey |
1953-04-16 |
1190 Wien Krapfenwaldgasse 11 |
manager, partner, head of personnel |
0 |
|
Mario Frey |
1980-06-09 |
2201 Hagenbrunn Industriegebiet Hubertusgasse 10(c/o) |
individual signing clerk, head of purchasing |
0 |
|
Markus Meinecke |
|
1180 Wien Antonigasse 60(c/o) |
head of EDP |
0 |
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|
2012-12-31 |
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Intangible assets |
551.894,43 |
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Sum intangible assets |
551.894,43 |
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|||||
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Tangible assets |
6.332,03 |
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Sum tangible assets |
6.332,03 |
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|||||
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Financial assets |
751,00 |
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Sum financial assets |
751,00 |
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|||||
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Sum fixed assets |
558.977,46 |
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|||||
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Stocks |
413.660,00 |
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Sum stock |
413.660,00 |
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Claims and other assets |
2.302.613,90 |
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Sum claims |
2.302.613,90 |
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Cash on hand, cheques and bank deposits |
26.808,39 |
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Sum cash and bank |
26.808,39 |
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Sum current assets |
2.743.082,29 |
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Deferred charges |
345,60 |
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Sum deferred charges |
345,60 |
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Assets |
3.302.405,35 |
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Subscribed/declared capital |
36.500,00 |
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Profit reserves |
2.082,88 |
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|
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Balance sheet profit/balance sheet loss |
-355.251,91 |
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|
|
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Thereof profit/loss carried forward |
249.047,39 |
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Sum equity capital |
-316.669,03 |
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|||||
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Reserves |
55.537,46 |
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|
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Sum reserves |
55.537,46 |
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|||||
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Liabilities |
3.563.536,92 |
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|
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Sum liabilities |
3.563.536,92 |
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|
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|
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|||||
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Liabilities |
3.302.405,35 |
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|
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|||||
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Balance sheet sum |
3.302.405,35 |
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2012 |
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Equity capital share |
-9,58 |
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Fixed assets coverage |
-56,65 |
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Type |
Locations |
Description |
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|
E-mail |
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operational |
Inkustraße 1-7/7, A-3400 Klosterneuburg |
registered office |
|
|
|
|
|
operational |
Inkustraße 1-7, A-3400 Klosterneuburg, (seit Mitte
Februar 2007) |
registered headquarters, rented premises |
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|
office@freylit.com |
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former |
Hubertusgasse 10, A-2201 Hagenbrunn Industriegebiet |
registered office |
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former |
Antonigasse 60/2, A-1180 Wien |
registered office |
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former |
Antonigasse 60/2, A-1180 Wien |
registered headquarters |
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former |
Hubertusgasse 10, A-2201 Hagenbrunn Industriegebiet |
registered headquarters |
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Company name |
Postal code |
Stake in % |
KSV-number |
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Shares in this company are
held by: |
||||
|
Franz Frey |
Krapfenwaldgasse 11, A-1190 Wien |
100 % 1994-12-20 |
900.114.031 |
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Banker |
Bank sort code |
Type of banking connection |
|
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Volksbank Ost, 2320 Schwechat |
43610 |
main bank connection |
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||
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Year of incorporation: |
1983 |
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Date of registration: |
1995-01-11 |
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Change in share capital: |
||
|
From |
To |
Capital |
|
|
2000-02-07 |
ATS 500.000,00 |
|
2000-02-07 |
|
EUR 36.500,00 |
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Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
2007-03-16 |
individual signing clerk |
Harald Kisielewski |
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Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1995-01-11 |
2000-01-29 |
partner |
Gertraud Fahle |
|
1994-12-20 |
2000-01-29 |
partner |
Harald Kisielewski |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.100.23 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PDT |
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 |
|
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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 |
|
|
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.