|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEVAFORM SERVICE & HANDELS GES.M.B.H. |
|
|
|
|
Registered Office : |
Pernerstätt
1, A-5162 Obertrum See |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
25.09.2004 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of footwear for ladies, men and children,
which includes products like fashion and sport shoes, shoes for leisure time
as well as slippers |
|
|
|
|
No of Employees : |
Approximately 15 (2014) |
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 : |
Slow but Correct |
|
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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: |
2014-10-30 |
|
Company name: |
Bevaform Service & Handels
Ges.m.b.H. |
|
Status: |
active company |
|
Locations: |
Pernerstätt
1, A-5162 Obertrum See |
|
Phone: |
0043 (662) 855033 |
|
Fax: |
0043 (662) 855033 - 250 |
|
E-mail: |
|
|
Internet: |
|
|
Activities: |
Wholesaler of footwear for ladies, men and children,
which includes products like fashion and sport shoes, shoes for leisure time
as well as slippers |
|
|
|
|
General Assessment: |
|
|
Probability of Default (Basel II): |
|
|
comparison: |
The Rating of this company meets industry average. |
|
Recommendation: |
In respect to solvency reasons, there is nothing to say
against an establishment of a business relationship. |
|
|
|
|
Detail Assessment: |
Merchandise is mainly imported. Domestic obligations and
invoices of forwarders are settled according to conditions, in some cases
there have been delays and reminders. |
|
|
Financial situation is Satisfactory |
|
Year of incorporation: |
2004 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
||||
|
Legal form: |
limited liability company since 2004-09-10 |
|
||||
|
companies' house number: |
FN 253092 w Salzburg 2004-09-25 |
|
||||
|
ARA-number: |
15111 |
|
||||
|
VAT number: |
ATU 61131929 |
|
||||
|
number - Austrian National Bank: |
6611583 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
China |
|
2014 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
Europe without EU |
|
2014 |
|
|
total turnover (total sales) |
2013 |
EUR 63.965.221,61 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR 35.010.291,13 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 65.515.875,56 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 40.401.837,72 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 35.893.384,44 |
(exact) |
|
total employees |
2014 |
15 |
(approx.) |
|
total investments |
2012 |
EUR 56.952,71 |
(exact) |
|
total company vehicles |
2014 |
4 |
(approx.) |
|
firm
(style): |
|
1
Bevaform Service & Handels
Ges.m.b.H. |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
15
politischer Gemeinde
Obertrum am See |
|
business
adress: |
|
15
Pernerstätt 1 |
|
capital: |
|
6
EUR 1.000.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
25
zum 31.12.2013 eingereicht
am 19.09.2014 |
|
power
of representation: |
|
1
Die Gesellschaft wird,
wenn mehrere Geschäftsführer |
|
managing
director: |
|
G
Christian Neubauer, geb.
06.07.1974 |
|
shareholder: |
|
C
AGIM Beteiligungs GmbH |
|
general
table: |
|
Landesgericht
Salzburg |
|
Real
estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Bernd Klink |
1966-09-29 |
40489 Düsseldorf Kreuzbergstraße
44 |
manager |
0 |
|
Christian Neubauer |
1974-07-06 |
4866 Unterach Attersee Mondseestraße 8 |
manager |
1 |
|
Dr. Hanns Per Kober |
1951-01-20 |
1050 Wien Zentagasse
32 |
partner |
1 |
(absolute) all
amounts in EUR
|
|
2013-12-31 |
|
|
|
|
|
Franchises, patents, licences,
trademarks and similar rights and advantages |
2.888,48 |
|
|
|
|
|
Sum intangible assets |
2.888,48 |
|
|
|
|
|
|
|||||
|
Land and leasehold rights with buildings thereon including
building on land owned by third parties |
4.090,62 |
|
|
|
|
|
Other operating and business equipment |
54.372,91 |
|
|
|
|
|
Technical plants and machines |
91.055,18 |
|
|
|
|
|
Sum tangible assets |
149.518,71 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
152.407,19 |
|
|
|
|
|
|
|||||
|
Finished products |
2.042.472,76 |
|
|
|
|
|
Advanced payments |
8.750.182,74 |
|
|
|
|
|
Sum stock |
10.792.655,50 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
23.609.415,48 |
|
|
|
|
|
Claims against related firmes
Claims against companies with shareholding relationship |
12.036,41 |
|
|
|
|
|
Other claims and assets |
975.764,76 |
|
|
|
|
|
Sum claims |
24.597.216,65 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank
deposits |
666.113,12 |
|
|
|
|
|
Sum cash and bank |
666.113,12 |
|
|
|
|
|
|
|||||
|
Sum current assets |
36.055.985,27 |
|
|
|
|
|
|
|||||
|
Deferred charges |
186.261,99 |
|
|
|
|
|
Sum deferred charges |
186.261,99 |
|
|
|
|
|
Assets |
36.394.654,45 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
1.000.000,00 |
|
|
|
|
|
Legal reserves |
77.600,00 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
1.473.611,75 |
|
|
|
|
|
Thereof profit/loss carried forward |
179.359,65 |
|
|
|
|
|
Sum equity capital |
2.551.211,75 |
|
|
|
|
|
|
|||||
|
Other reserves before taxes |
3.844,60 |
|
|
|
|
|
Sum reserves before taxes |
3.844,60 |
|
|
|
|
|
|
|||||
|
Subordinate capital |
1.717.500,00 |
|
|
|
|
|
Special account floor capital |
3.717.500,00 |
|
|
|
|
|
Sum floor capital |
5.435.000,00 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
4.330,96 |
|
|
|
|
|
Other reserves |
1.615.040,05 |
|
|
|
|
|
Sum reserves |
1.619.371,01 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
18.503.635,57 |
|
|
|
|
|
Liabilities from delivered goods and performed services |
2.298.580,85 |
|
|
|
|
|
Liabilities against related firms |
56.977,91 |
|
|
|
|
|
Other liabilities |
5.926.032,76 |
|
|
|
|
|
Sum liabilities |
26.785.227,09 |
|
|
|
|
|
|
|||||
|
Liabilities |
36.394.654,45 |
|
|
|
|
|
|
|||||
|
Contingent liabilities |
5.495.743,84 |
|
|
|
|
|
Balance sheet sum |
36.394.654,45 |
|
|
|
|
(absolute) all amounts in
EUR
|
|
2013-12-31 |
|
|
|
|
|
Gross sales |
63.965.221,61 |
|
|
|
|
|
Total turnover or gross profit |
63.965.221,61 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial assets |
3.400,00 |
|
|
|
|
|
Income from dissolution of reserves |
76.449,21 |
|
|
|
|
|
Other operating profits |
425.977,81 |
|
|
|
|
|
Other operating profits totally |
505.827,02 |
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-234.191,62 |
|
|
|
|
|
Material costs |
-59.039.412,71 |
|
|
|
|
|
Costs for obtained services totally |
-59.273.604,33 |
|
|
|
|
|
|
|||||
|
Salaries |
-874.010,60 |
|
|
|
|
|
Costs for severance pays |
-12.797,90 |
|
|
|
|
|
Legal fringe benefits and other payments depending on
salaries |
-199.493,45 |
|
|
|
|
|
Other social fringe benefits |
-8.506,59 |
|
|
|
|
|
Personnel expenses totally |
-1.094.808,54 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of
business operation |
-76.012,17 |
|
|
|
|
|
Depreciation tangible assets / intangible assets
totally |
-76.012,17 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-1.985.861,91 |
|
|
|
|
|
Total costs |
-1.985.861,91 |
|
|
|
|
|
|
|||||
|
Operating result totally |
2.040.761,68 |
|
|
|
|
|
|
|||||
|
Interest income, securties
income and similar income |
1.652,15 |
|
|
|
|
|
Interest and similar disbursements |
-592.266,07 |
|
|
|
|
|
Financial profits totally |
-590.613,92 |
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
1.450.147,76 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-90.675,00 |
|
|
|
|
|
Taxes on income and profits totally |
-90.675,00 |
|
|
|
|
|
Annual surplus/annual deficit
totally |
1.359.472,76 |
|
|
|
|
|
|
|||||
|
Dissolution reserves before taxes |
2.929,34 |
|
|
|
|
|
Transfer to profit reserves |
-68.150,00 |
|
|
|
|
|
Reserves movements totally |
-65.220,66 |
|
|
|
|
|
Annual profit/annual loss
totally |
1.294.252,10 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
179.359,65 |
|
|
|
|
|
Transfer of profits totally |
179.359,65 |
|
|
|
|
|
B/S profit/ B/S loss from profit and
loss account |
1.473.611,75 |
|
|
|
|
|
|
2013 |
|
|
|
|
|
|
Cash flow II |
1.435.484,93 |
|
|
|
|
|
|
Debt amortisation period |
19,32 |
|
|
|
|
|
|
Bank indebtedness |
50,84 |
|
|
|
|
|
|
Equity capital share |
21,95 |
|
|
|
|
|
|
Social capital share |
0,01 |
|
|
|
|
|
|
Fixed assets coverage |
5.245,41 |
|
|
|
|
|
|
Net profit ratio |
2,26 |
|
|
|
|
|
|
Capital turnover |
1,75 |
|
|
|
|
|
|
Return on investment |
5,61 |
|
|
|
|
|
|
Cash flow in % of operating performance |
2,24 |
|
|
|
|
|
|
Cash flow I |
1.526.159,93 |
|
|
|
|
|
|
Gross productivity |
58,42 |
|
|
|
|
|
|
Net productivity |
4,28 |
|
|
|
|
|
|
Operating performance |
63.965.221,61 |
|
|
|
|
|
|
Inventories in % of operating performance |
16,87 |
|
|
|
|
|
|
Gross profit |
4.691.617,28 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Dr. Hans Lechnerstraße 1,
A-5071 Wals, (bis Ende August 2012) |
branch office, rented premises |
|
|
|
|
|
operational |
Pernerstätt
1, A-5162 Obertrum See |
registered office |
|
|
|
|
|
operational |
Pernerstätt
1, A-5162 Obertrum See |
registered headquarters, rented premises |
|
|
|
mail@bevaform.com |
|
former |
Dr Hans Lechnerstraße 3,
A-5071 Wals |
registered office |
|
|
|
|
|
former |
Dr Hans Lechnerstraße 1,
A-5071 Wals |
registered headquarters |
|
|
|
|
|
former |
Dr Hans Lechnerstraße 3,
A-5071 Wals |
registered headquarters |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are
held by: |
||||
|
AGIM Beteiligungs GmbH |
Pernerstätt
1, A-5162 Obertrum See |
92.5 % 2004-09-25 |
|
FN 163084 f |
|
Dr. Hanns Per Kober |
Zentagasse
32/4, A-1050 Wien |
7.5 % 2010-12-31 |
|
|
|
|
||||
|
Affiliated companies and
further participations: |
||||
|
Woolf
Sports Promotion GmbH |
Werner von Siemensplatz 1,
A-5020 Salzburg |
|
|
FN 254994 t |
|
Annemarie Grohmann Holding GmbH |
Pernerstätt
1, A-5162 Obertrum See |
|
|
FN 270672 y |
|
Grohmann Schuhimport Ges.m.b.H. |
Werner von Siemensplatz 1,
A-5020 Salzburg |
|
|
FN 36620 d |
|
Banker |
Bank sort code |
Type of banking connection |
|
Oberbank AG,
5021 Salzburg |
15000 |
main bank connection |
Wholesaler of footwear for ladies, men and children, which includes products like fashion and sport shoes, shoes for leisure time as well as slippers
|
Year of incorporation: |
2004 |
|
Date of registration: |
2004-09-25 |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2005-09-02 |
EUR 36.000,00 |
|
2005-09-02 |
|
EUR 1.000.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
2004-09-25 |
2005-04-21 |
manager |
Klaus Michl |
|
2004-09-25 |
2007-12-12 |
manager |
Adolf Schrempf |
|
2007-12-12 |
2013-06-22 |
manager |
Dr. Hanns Per Kober |
|
2007-01-11 |
2007-12-12 |
individual signing clerk |
Mag.Dr. Rouven Türk |
|
2005-05-13 |
2007-12-12 |
joint signing clerk |
Klaus Michl |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2005-07-23 |
2008-01-11 |
partner |
Max. BeteiligungsgmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
UK Pound |
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.