MIRA INFORM REPORT

 

 

Report Date :

10.02.2014

 

IDENTIFICATION DETAILS

 

Name :

PAPER TESTING INSTRUMENTS GMBH

 

 

Registered Office :

Feldham 2, A-4655 Vorchdorf

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

30.11.1995

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Manufacturer of machinery for paper and paperboard production

·         Wholesaler of photographic and optical goods

 

 

No of Employees :

Not Available

 

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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

 

Last up-date:

2014-01-28

Company name:

Paper Testing Instruments GmbH

Status:

active company

Locations:

Feldham 2, A-4655 Vorchdorf

Phone:

0043 (7614)21234

Fax:

0043 (7614)21234-44

E-mail:

office@ptiaustria.com

Internet:

http://www.ptiaustria.com

Activities:

Onace 28950 60% Manufacture of machinery for paper and paperboard production

 

Onace 46431 40% Wholesale of photographic and optical goods

 

 

Additional company information

 

Year of incorporation:

1995

Activities:

 

Type of company:

Manufacturing

Legal form:

limited liability company since 1995-11-30

companies' house number:

FN 139822 xWels 1995-12-06

Trade names:

 

PTI Laboratory Equipment

VAT number:

ATU 39588503

number - Austrian National Bank:

 

2663201

 

 

Financial data

 

 

total turnover (total sales)

2013

EUR 5.000.000,00

(estimated)

total turnover (total sales)

2012

EUR 5.000.000,00

(estimated)

total turnover (total sales)

2011

EUR 5.000.000,00

(approx.)

total turnover (total sales)

2010

EUR 4.500.000,00

(approx.)

total turnover (total sales)

2009

EUR 3.500.000,00

(approx.)

total employees

2014

20

(approx.)

total stock

2014

EUR 1.500.000,00

(approx.)

total company vehicles

2014

2

(approx.)

 

 

Extraxt from the Companies' House

 

 

firm (style):

1

Paper Testing Instruments GmbH

legal form:

1

Gesellschaft mit beschrankter Haftung

registered office:

27

politischer Gemeinde Vorchdorf

business address:

27

Feldham 2 4655 Vorchdorf

capital:

27

EUR 36.336,42

reference date annual accounts:

15

31. Dezember

annual accounts:

28

zum 31.12.2012 eingereicht am 27.09.2013

 

 

power of representation

 

1

Sind zwei oder mehrere Geschäftsführer bestellt, wird deren

Vertretungsbefugnis mit dem Bestellungsbeschluß geregelt.

 

 

1

Gesellschaftsvertrag vom 30.11.1995

 

001

1

Gesellschafterbeschluss vom 30.11.1995

 

002

10

Generalversammlungsbeschluss vom 20.05.2005

Änderung des Gesellschaftsvertrages in seinen Punkten

Erstens, Drittens und Viertens

 

003

15

Generalversammlungsbeschluss vom 29.02.2008

Änderung des Gesellschaftsvertrages im Punkt Fünftens.

 

004

27

Gesellschaftsvertrag mit Generalversammlungsbeschluss vom 25.04.2013

gemäß 1. Euro-JuBeG angepasst.

 

005

27

Generalversammlungsbeschluss vom 25.04.2013

Änderung des Gesellschaftsvertrages im Punkt Zweitens.

 

006

27

Generalversammlungsbeschluss vom 25.04.2013

Änderung des Gesellschaftsvertrages im Punkt Viertens.

 

007

27

Generalversammlungsbeschluss vom 25.04.2013

Änderung des Gesellschaftsvertrages im Punkt Siebentens.

008

27

Generalversammlungsbeschluss vom 25.04.2013

Änderung des Gesellschaftsvertrages im Punkt Zehntens.

009

           

 

 

managing director

 

G     Roy Welmont,  geb. 28.05.1946

26                vertritt seit 22.01.2013 selbstandig

 

 

shareholder

 

E      Elof Hansson Holding AB

27 ........................................................... EUR 36.336,42

27 ................................................................................................................. EUR 36.336,42

Summen:                  EUR 36.336,42                                EUR 36.336,42

 

 

general table

 

Landesgericht Steyr

1 eingetragen am 06.12.1995                                                Geschaftsfall            21 Fr 1 933/95  d

Antrag auf Neueintragung einer Firma    eingelangt am 04.12.1995

10 eingetragen am 31.05.2005                                                      Geschaftsfall    21 Fr    1682/05 s

Antrag auf Anderung GS,  G-Vertrag    eingelangt am 25.05.2005

15 eingetragen am 06.03.2008                                                      Geschaftsfall    21 Fr      641/08 k

Antrag auf Anderung Bilanzstichtag    eingelangt am 03.03.2008

23 eingetragen am 23.03.2012                                                      Geschaftsfall    21 Fr      523/12 y

Antrag auf Anderung GS    eingelangt am 12.03.2012

26    eingetragen am 12.02.2013                                                    Geschaftsfall    21 Fr      198/13 d

Antrag auf Anderung GF    eingelangt am 25.01.2013 Landesgericht Wels

27    eingetragen am 08.05.2013                                                    Geschaftsfall    29 Fr      845/13 y

Antrag auf Sitzverlegung    eingelangt am 25.04.2013

28    eingetragen am 08.10.2013                                                    Geschaftsfall    29 Fr    3101/13 s

Elektronische Einreichung Jahresabschluss    eingelangt am 27.09.2013

 

 

Real estate

No real estate property registered

 

 

Private data

 

Surname

Date of birth

Address

Executive positions

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

Roy Welmont

1946-05-28

41309 Goteborg Nordenskioldsgatan 6

manager

0

Nadja Ferstl

 

4655 Vorchdorf Feldham 2(c/o)

head of marketing

0

 

 

Balance Sheet (absolute) all amounts in EUR

 

 

 

2012-12-31

Intangible assets

11.446,49

Sum intangible assets

11.446,49

 

 

Tangible assets

1.000.412,61

Sum tangible assets

1.000.412,61

 

 

Financial assets

185.691,00

Sum financial assets

185.691,00

 

 

Sum fixed assets

1.197.550,10

 

 

Stocks

2.148.488,81

Sum stock

2.148.488,81

 

 

Claims and other assets

985.029,76

Sum claims

985.029,76

 

 

Cash on hand, cheques and bank deposits

192.211,08

Sum cash and bank

192.211,08

 

 

Sum current assets

3.325.729,65

 

 

Deferred charges

8.752,20

Sum deferred charges

8.752,20

Assets

4.532.031,95

 

 

Subscribed/declared capital

36.336,42

Balance sheet profit/balance sheet loss

372.168,92

Thereof profit/loss carried forward

275.205,10

Sum equity capital

408.505,34

 

 

Other reserves before taxes

14.441,22

Sum reserves before taxes

14.441,22

 

 

Reserves

301.412,52

Sum reserves

301.412,52

 

 

Liabilities

3.807.672,87

Sum liabilities

3.807.672,87

 

 

Liabilities

4.532.031,95

 

 

Contingent liabilities

68.564,15

Balance sheet sum

4.532.031,95

 

 

Key ratios

 

 

 

2012

 

 

 

 

 

Equity capital share

9,33

 

 

 

 

 

Fixed assets coverage

35,31

 

 

 

 

 

 

 

Locations

 

 

Type

Locations

Description

 

Phone Fax

E-mail

operational

Feldham 2, A-4655 Vorchdorf

registered office

operational

Feldham 2, A-4655 Vorchdorf

registered headquarters, rented premises

 

0043 7614 21234            0043 7614 21234 44

office@ptiaustria.com

operational

EberstalzellerstraBe 28, A-4643 Pettenbach

office

former

Eberstalzeller StraBe 28, A-4643 Pettenbach

registered office

former

Nr. 22, A-4643 Pettenbach

registered office

former

Nr. 22, A-4643 Pettenbach

address according to licence of trade

former

Nr. 22, A-4643 Pettenbach

registered headquarters

former

Feldham 2, A-4655 Vorchdorf

branch office

 

 

 

related Companies

 

Company name

Postal code          

Stake in %

 

 

Shares in this company are held by:

 

Elof Hansson Holding AB

Forsta Langgatan

100% 2012-03-23

 

 

 

17, S-41327

 

 

 

 

Goteborg

 

 

 

 

Bankers

 

Banker

Bank sort code

Type of banking connection

Raiffeisenbank Wels Sud, 4600 Thalheim/Wels

34770

main bank connection

Sparkasse Kremstal-Pyhrn Aktienges., 4643 Pettenbach

20315

secondary banking connection

 

 

Historical development

 

 

 

Year of incorporation:

1995

Date of registration:

1995-12-06

 

Change in share capital:

From

To

Capital

 

2013-05-08

ATS 500.000,00

2013-05-08

 

EUR 36.336,42

 

Former executives:

From

To

Function

Name

2008-04-03

2008-12-12

manager

Marcus Pfeifle

 

2013-02-12

manager

Gunnar Lindblad

1995-12-06

2013-05-08

manager

Ing. Franz Silbermayr

 

Former shareholders:

From

To

Function

Name

2008-04-03

2012-03-23

partner

CTP GmbH

1995-12-06

2012-03-23

partner

Ing. Franz Silbermayr

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 62.31

UK Pound

1

Rs. 101.77

Euro

1

Rs. 84.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

DPT

 

 

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.