|
Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
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Name : |
BUSSETTI & CO GESELLSCHAFT M.B.H. |
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Formerly Known As : |
BUSSETTI & CO PRODUKTIONS- UND HANDELS-GMBH |
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Registered Office : |
Rötzergasse 57, A-1170 Wien |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1930 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
·
Manufacture of other organic basic chemicals ·
Wholesale of chemical products |
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No. of Employees : |
70 |
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 |
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Payment Behaviour : |
Slow but correct |
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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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
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Last up-date: |
2014-01-02 |
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Company name: |
BUSSETTI & CO GESELLSCHAFT M.B.H. |
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Status: |
active company |
|
Locations: |
Rötzergasse 57, A-1170 Wien |
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Phone: |
0043 (1) 4861221 |
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Fax: |
0043 (1) 4861221 - 155 |
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E-mail: |
office@bussetti.at |
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Internet: |
http://www.bussetti.at |
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Activities: |
Önace 20140 70% Manufacture of other organic basic chemicals |
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Önace 46750 30% Wholesale of chemical products |
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General Assessment: |
Model: CompanyScore |
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Probability of Default (Basel II): |
0,22% Low risk |
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comparison: |
The Rating of this company is better than industry average. |
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Recommendation: |
In respect to solvency reasons, there is nothing to say against an
establishment of a business relationship. |
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Detail Assessment: |
Payments are sometimes made using cash discounts or according to
conditions. |
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Company's solvency is average. An increasing amount of external
capital is required for investments. |
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Year of incorporation: |
1930 |
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Activities: |
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Type of company: |
Manufacturing |
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Legal form: |
limited liability company since 2005-12-05 |
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companies' house number: |
FN 271469 w Wien 2005-12-16 |
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Trade names: |
EaglePicher |
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Trade names: |
Ineos |
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Trade names: |
Lyondell |
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Trade names: |
Sasol |
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Trade names: |
SAFECHEM |
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Trade names: |
Zeller+Gmelin |
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VAT number: |
ATU 62155036 |
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number - Austrian National Bank: |
7226675 |
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Import |
Country |
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Import |
USA |
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2013 |
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Import |
European Union |
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2013 |
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Export |
Country |
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Export |
world-wide |
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2013 |
|
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total turnover (total sales) |
2013 |
EUR 27.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2012 |
EUR 26.816.017,82 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 26.318.414,36 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 24.760.894,43 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 20.152.231,28 |
(exact) |
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total employees |
2014 |
70 |
(approx.) |
|
white collar workers |
2014 |
50 |
(approx.) |
|
blue collar workers |
2014 |
20 |
(approx.) |
|
total stock |
2013 |
EUR 2.000.000,00 |
(average) |
|
total company vehicles |
2014 |
17 |
(exact) |
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self-financed vehicles |
2014 |
17 |
(exact) |
|
cars |
2014 |
15 |
(exact) |
|
lorries up to 3.5t |
2014 |
1 |
(exact) |
|
lorries more than 3.5t |
2014 |
1 |
(exact) |
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firm (style): |
|
3 Bussetti & Co Gesellschaft m.b.H. |
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legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
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registered
office: |
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1 politischer Gemeinde Wien |
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business adress: |
|
1 Rötzergasse 57 |
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capital: |
|
1
EUR 35.000 |
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reference date
annual accounts: |
|
1 31. Dezember |
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annual accounts: |
|
12 zum 31.12.2012
eingereicht am 25.09.2013 |
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managing
director: |
|
A Ing. Robert Schlechta, geb.
29.10.1936 |
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shareholder: |
|
C Bussetti & Co
Liegenschafts- |
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general table: |
|
Handelsgericht Wien |
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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) |
|
Mag. Roman Mossburger |
1950-03-24 |
1080 Wien Kochgasse 10 |
manager, head of accounting, head of purchasing, head of sales, head of marketing, head of personnel |
1 |
|
Ing. Robert Schlechta |
1936-10-29 |
1170 Wien Jörgerstraße 27 |
manager, technical director |
2 |
|
Ing. Alexander Sigl |
|
1170 Wien Rötzergasse 57(c/o) |
head of EDP |
0 |
(Absolute) all amounts in EUR
|
|
2012-12-31 |
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|
|
|
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Other operating and business equipment |
286.980,85 |
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|
|
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Technical plants and machines |
39.912,24 |
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Sum tangible assets |
326.893,09 |
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Other financial assets, values and securities of fixed assets |
211.035,00 |
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Sum financial assets |
211.035,00 |
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Sum fixed assets |
537.928,09 |
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Raw-, auxiliary materials and supplies |
2.078.592,00 |
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Finished products |
786.264,00 |
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Sum stock |
2.864.856,00 |
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Claims from delivered goods and performed services |
3.328.289,74 |
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Claims against related firmes Claims against companies with
shareholding relationship |
1.400.790,50 |
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Special account claims |
39.297,77 |
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Sum claims |
4.768.378,01 |
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Cash on hand, cheques and bank deposits |
662.361,89 |
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Sum cash and bank |
662.361,89 |
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Sum current assets |
8.295.595,90 |
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Assets |
8.833.523,99 |
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Subscribed/declared capital |
35.000,00 |
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Capital reserves |
1.440.456,53 |
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Free reserves |
150.000,00 |
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Balance sheet profit/balance sheet loss |
-175.785,87 |
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Thereof profit/loss carried forward |
-177.242,85 |
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Sum equity capital |
1.449.670,66 |
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Reserves for severance pays |
1.152.000,00 |
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Reserves for pensions |
423.000,00 |
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Other reserves |
1.775.500,00 |
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Sum reserves |
3.350.500,00 |
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Liabilities against credit institutes |
1.550.000,00 |
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Liabilities from delivered goods and performed services |
2.157.356,59 |
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Other liabilities |
325.996,74 |
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Sum liabilities |
4.033.353,33 |
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|||||
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Liabilities |
8.833.523,99 |
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|||||
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Balance sheet sum |
8.833.523,99 |
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(Absolute) all amounts in EUR
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|
2012-12-31 |
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Gross sales |
26.816.017,82 |
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|
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Total turnover or gross profit |
26.816.017,82 |
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Profits from retirement of fixed assets, except financial assets |
2.620,00 |
|
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|
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Other operating profits |
147.467,30 |
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Other operating profits totally |
150.087,30 |
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Material costs |
-17.519.473,50 |
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Costs for obtained services totally |
-17.519.473,50 |
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Wages |
-683.962,60 |
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|
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Salaries |
-2.656.161,40 |
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|
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Costs for severance pays |
-194.468,87 |
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|
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Costs for old age pension |
-47.700,00 |
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|
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Legal fringe benefits and other payments depending on salaries |
-893.377,51 |
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|
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Other social fringe benefits |
-44.891,71 |
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Personnel expenses totally |
-4.520.562,09 |
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Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-207.868,80 |
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Depreciation tangible assets / intangible assets totally |
-207.868,80 |
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|
|
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|
|||||
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Other operating costs |
-4.673.430,95 |
|
|
|
|
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Other taxes |
-21.606,21 |
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Total costs |
-4.695.037,16 |
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Operating result totally |
23.163,57 |
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Income from other securities and loans of financial assets |
7.277,00 |
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|
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Interest income, securties income and similar income |
3.858,50 |
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|
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Interest and similar disbursements |
-17.892,09 |
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|
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Financial profits totally |
-6.756,59 |
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|
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|
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Results from usual business activity totally |
16.406,98 |
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|
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Taxes on income and profits |
-14.950,00 |
|
|
|
|
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Taxes on income and profits totally |
-14.950,00 |
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|
|
|
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Annual surplus/annual deficit totally |
1.456,98 |
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|
|
|
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|
|||||
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Annual profit/annual loss totally |
1.456,98 |
|
|
|
|
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|
|||||
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Profit and loss carried forward from previous year |
-177.242,85 |
|
|
|
|
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Transfer of profits totally |
-177.242,85 |
|
|
|
|
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B/S profit/ B/S loss from profit and loss account |
-175.785,87 |
|
|
|
|
|
|
2012 |
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Cash flow II |
209.325,78 |
|
Debt amortisation period |
32,11 |
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Bank indebtedness |
17,54 |
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Equity capital share |
16,41 |
|
Social capital share |
17,82 |
|
Fixed assets coverage |
562,28 |
|
Net profit ratio |
0,06 |
|
Capital turnover |
3,03 |
|
Return on investment |
0,38 |
|
Cash flow in % of operating performance |
0,78 |
|
Cash flow I |
224.275,78 |
|
Gross productivity |
5,93 |
|
Net productivity |
2,05 |
|
Operating performance |
26.816.017,82 |
|
Inventories in % of operating performance |
10,68 |
|
Gross profit |
9.296.544,32 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Rötzergasse 57, A-1170 Wien |
registered office |
|
|
|
|
|
operational |
Rötzergasse 57, A-1170 Wien, (ident Hernalser Hauptstr.108) |
registered headquarters, rented premises |
|
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|
office@bussetti.at |
|
operational |
Walterstraße 25, A-4614 Marchtrenk |
factory, rented premises |
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|
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|
operational |
Hernalser Hauptstraße 108 (ident Rötzergasse 57), A-1170 Wien |
registered headquarters |
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Company name |
Postal code |
Stake in % |
Companies House |
|
|
|
Shares in this company are held by: |
|||||
|
Bussetti & Co Liegenschafts- verwaltungs-GmbH |
Rötzergasse 57, A-1170 Wien |
100 % 2005-12-16 |
FN 113543 a |
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
main bank connection |
|
BAWAG P.S.K. Bank für Arbeit und Wirtschaft, 1011 Wien |
14000 |
secondary banking connection |
|
Allgemeine Sparkasse Oberösterreich Bankaktienges., 4041 Linz |
20320 |
secondary banking connection |
|
Year of incorporation: |
1930 |
|
Date of registration: |
2005-12-16 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2006-01-04 |
Bussetti & Co Produktions- und Handels-GmbH |
|
2006-01-04 |
|
Bussetti & Co Gesellschaft m.b.H. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
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.