|
Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZOTTER SCHOKOLADEN MANUFAKTUR GMBH |
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Registered Office : |
Bergl 56, A-8333 Riegersburg |
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Country : |
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Financials (as on) : |
31.07.2013 |
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Year of Establishment : |
1987 |
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Legal Form : |
Limited liability company |
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Line of Business : |
· Manufacture of cocoa, chocolate and sugar confectionery · Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores · Wholesale of sugar and chocolate and sugar confectionery |
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|
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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 |
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|
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
|
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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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, 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
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Source
: CIA |
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Company name: |
Zotter Schokoladen Manufaktur GmbH |
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Status: |
active company |
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Locations: |
Bergl 56, A-8333 Riegersburg |
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Phone: |
0043 (3152) 5554 |
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Fax: |
0043 (3152) 5554 - 22 |
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E-mail: |
schokolade@zotter.at |
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Internet: |
http://www.zotter.at |
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Activities: |
Önace 10820 60% Manufacture of cocoa, chocolate and sugar
confectionery |
|
|
Önace 47240 20% Retail sale of bread, cakes, flour confectionery
and sugar confectionery in specialised stores |
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|
Önace 46360 20% Wholesale of sugar and chocolate and sugar
confectionery |
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General Assessment: |
Model: CompanyScore |
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Probability of Default (Basel II): |
0,09% Very low risk |
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comparison: |
The KSV-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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Financial situation is average. |
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Year of incorporation: |
1987 |
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Activities: |
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Type of company: |
Manufacturing |
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Legal form: |
limited liability company since 2002-02-27 |
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companies' house number: |
FN 220619 s Graz 2002-04-05 |
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VAT number: |
ATU 53816900 |
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DVR number: |
3003344 |
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ARA-number: |
11179 |
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number - Austrian National Bank: |
5479452 |
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Import |
Country |
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Import |
European Union |
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2014 |
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Export |
Country |
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Export |
Switzerland |
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2014 |
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Export |
European Union |
|
2014 |
|
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total turnover (total sales) |
2013 |
EUR 17.926.000,00 |
(approx.) |
|
total turnover (total sales) |
2012 |
EUR 16.670.383,64 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 14.987.697,02 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 13.637.946,63 |
(exact) |
|
total employees |
2014 |
100 |
(approx.) |
|
total investments |
2013 |
EUR 3.464.139,17 |
(exact) |
|
total company vehicles |
2014 |
5 |
(approx.) |
|
self-financed vehicles |
2014 |
5 |
(approx.) |
|
cars |
2014 |
1 |
(approx.) |
|
lorries up to 3.5t |
2014 |
3 |
(approx.) |
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lorries more than 3.5t |
2014 |
1 |
(approx.) |
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firm
(style): |
|
1 Zotter Schokoladen Manufaktur GmbH |
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legal
form: |
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1 Gesellschaft mit beschränkter Haftung |
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registered
office: |
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1 politischer Gemeinde Kornberg bei
Riegersburg |
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business
adress: |
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1 Bergl 56 8333 Riegersburg (Stmk.) |
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capital: |
|
1 EUR 35.000 |
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reference
date annual accounts: |
|
1 31. Juli |
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annual
accounts: |
|
21 zum 31.07.2013 eingereicht am
04.04.2014 |
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power
of representation: |
|
1
Die Generalversammlung bestimmt, wenn mehrere Geschäfts- |
|
proxy: |
|
E
Ulrike Zotter, geb. 27.03.1966 |
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managing
director: |
|
A
Josef Zotter, geb. 21.02.1961 |
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shareholder: |
|
B
Zotter BALLEROS GmbH |
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general
table: |
|
Landesgericht für ZRS Graz |
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Real
estate KSV text: |
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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) |
|
Josef Zotter |
1961-02-21 |
8333 Riegersburg Labuch 13 |
manager, head of marketing |
4 |
|
Ulrike Zotter |
1966-03-27 |
8333 Riegersburg Riegersburg 191 |
individual signing clerk, head of accounting, head of sales, head of personnel |
3 |
|
Ruth Bomberger |
|
8333 Riegersburg Bergl 56(c/o) |
head of purchasing |
0 |
|
Gerda Meier |
|
8333 Riegersburg Bergl 56(c/o) |
head of purchasing |
0 |
|
Edmund Kalch |
|
8333 Riegersburg Bergl 56(c/o) |
head of EDP |
0 |
|
Gerhard Lafer |
|
8333 Riegersburg Bergl 56(c/o) |
technical director |
0 |
|
|
2013-07-31 |
|
Other intangible assets |
143.490,32 |
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Goodwill |
139.212,07 |
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Sum intangible assets |
282.702,39 |
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|
|
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Land with buildings (building value) |
11.455.869,07 |
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Other operating and business equipment |
2.576.003,16 |
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Technical plants and machines |
3.540.251,53 |
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Advanced payments and constructions in progress |
201.333,75 |
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Sum tangible assets |
17.773.457,51 |
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Shares on related firms |
1.640.000,00 |
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Other shareholdings |
500,00 |
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Sum financial assets |
1.640.500,00 |
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Sum fixed assets |
19.696.659,90 |
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Stocks |
4.624.665,57 |
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Sum stock |
4.624.665,57 |
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|
|
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Claims against related firmes Claims against companies
with shareholding relationship |
364.345,51 |
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Other claims and assets |
657.739,13 |
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Sum claims |
1.022.084,64 |
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|
|
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Cash on hand, cheques and bank deposits |
109.582,55 |
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Sum cash and bank |
109.582,55 |
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Sum current assets |
5.756.332,76 |
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Deferred charges |
42.632,06 |
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Sum deferred charges |
42.632,06 |
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Assets |
25.495.624,72 |
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|
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Subscribed/declared capital |
35.000,00 |
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Capital reserves |
35.000,00 |
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Balance sheet profit/balance sheet loss |
6.292.381,88 |
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Thereof profit/loss carried forward |
4.771.590,45 |
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Sum equity capital |
6.362.381,88 |
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|
|
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Other reserves before taxes |
130.084,59 |
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Sum reserves before taxes |
130.084,59 |
|
|
|
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Investment contributions |
676.489,20 |
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Sum floor capital |
676.489,20 |
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|
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Reserves |
507.577,53 |
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Sum reserves |
507.577,53 |
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Liabilities against credit institutes |
1.900.118,77 |
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Liabilities from delivered goods and performed services |
1.536.549,76 |
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Liabilities against related firms |
13.445.835,41 |
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Other liabilities |
936.587,58 |
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Sum liabilities |
17.819.091,52 |
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Liabilities |
25.495.624,72 |
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Balance sheet sum |
25.495.624,72 |
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|
2013-07-31 |
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Gross profit |
12.584.110,49 |
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Total turnover or gross profit |
12.584.110,49 |
|
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|
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Profits from retirement of fixed assets, except financial
assets |
499,99 |
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Income from dissolution of reserves |
580,00 |
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Other operating profits |
249.573,14 |
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Other operating profits totally |
250.653,13 |
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|
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Wages |
-2.167.299,88 |
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Salaries |
-1.094.910,06 |
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Costs for severance pays |
-47.821,58 |
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Legal fringe benefits and other payments depending on
salaries |
-953.694,71 |
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Other social fringe benefits |
-100.894,20 |
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Personnel expenses totally |
-4.364.620,43 |
|
|
|
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Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-2.758.543,73 |
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Depreciation tangible assets / intangible assets
totally |
-2.758.543,73 |
|
|
|
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Other operating costs |
-3.342.323,58 |
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Other taxes |
-4.382,76 |
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Total costs |
-3.346.706,34 |
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|
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Operating result totally |
2.364.893,12 |
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Interest income, securties income and similar income |
4.029,91 |
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Interest and similar disbursements |
-310.897,65 |
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Financial profits totally |
-306.867,74 |
|
|
|
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Results from usual business activity
totally |
2.058.025,38 |
|
|
|
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Taxes on income and profits |
-539.974,11 |
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Taxes on income and profits totally |
-539.974,11 |
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Annual surplus/annual deficit
totally |
1.518.051,27 |
|
|
|
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Dissolution reserves before taxes |
2.740,16 |
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Reserves movements totally |
2.740,16 |
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Annual profit/annual loss
totally |
1.520.791,43 |
|
|
|
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Profit and loss carried forward from previous year |
4.771.590,45 |
|
Transfer of profits totally |
4.771.590,45 |
|
B/S profit/ B/S loss from profit and
loss account |
6.292.381,88 |
|
|
2013 |
|
Cash flow II |
4.276.595,00 |
|
Debt amortisation period |
4,25 |
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Bank indebtedness |
7,45 |
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Equity capital share |
28,11 |
|
Social capital share |
0,00 |
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Fixed assets coverage |
36,39 |
|
Net profit ratio |
0,00 |
|
Capital turnover |
0,00 |
|
Return on investment |
9,29 |
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Cash flow in % of operating performance |
0,00 |
|
Cash flow I |
4.816.569,11 |
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Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
0,00 |
|
Inventories in % of operating performance |
0,00 |
|
Gross profit |
12.584.110,49 |
|
Type |
Locations |
Description |
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|
|
E-mail |
|
operational |
Bergl 56, A-8333 Riegersburg |
registered office |
|
|
|
|
|
operational |
Bergl 56, A-8333 Riegersburg |
registered headquarters, rented building |
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|
|
schokolade@zotter.at |
|
operational |
Herbert von Karajanplatz 4, A-5020 Salzburg |
branch office, rented premises |
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|
|
|
|
operational |
Amraser Seestraße 56a, A-6020 Innsbruck |
branch office, rented premises |
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Company name |
Postal code |
Stake in % |
KSV-number |
Companies House |
|
Shares in this company are held
by: |
||||
|
Zotter Holding GmbH & Co KG |
Bergl 56, A-8333 Kornberg |
99 % 2011-01-18 |
7.014.692 |
FN 356539 y |
|
Zotter BALLEROS GmbH |
Bergl 56, A-8333 Kornberg |
1 % 2006-04-12 |
1.438.848 |
FN 267222 z |
|
|
||||
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This company holds 100% of the
shares in: |
||||
|
Zotter International GmbH |
Bergl 56, A-8333 Kornberg |
100 % 2012-12-21 |
7.111.029 |
FN 377673 b |
|
|
||||
|
Affiliated companies and
further participations: |
||||
|
Zotter BALLEROS GmbH & Co KG |
Bergl 56, A-8333 Kornberg |
|
1.453.562 |
FN 268576 s |
|
Genussregal Errichtungs- und Verwaltungs GmbH |
An der Mur 13, A-8461 Vogau |
|
1.897.035 |
FN 342017 t |
|
Weideschlachthaus GmbH |
Hauptplatz 6, A-8291 Burgau |
|
7.270.969 |
FN 413847 z |
|
Weideschlachthaus GmbH & Co KG |
Hauptplatz 6, A-8291 Burgau |
|
7.271.548 |
FN 414348 k |
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 8330 Feldbach |
12000 |
main bank connection |
|
Year of incorporation: |
1987 |
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Date of registration: |
2002-04-05 |
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Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2002-04-05 |
2006-12-05 |
partner |
Josef Zotter |
|
2006-12-05 |
2011-01-18 |
partner |
Zotter Holding GmbH |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
2010-08-03 |
2012-04-03 |
Zotter Schoko Laden Theater GmbH |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2012-04-03 |
merged with |
Zotter Schoko Laden Theater GmbH |
|
2004-03-02 |
merged with |
Josef Zotter |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.87 |
|
|
1 |
Rs. 102.58 |
|
Euro |
1 |
Rs. 81.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.