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Report Date : |
18.07.2014 |
IDENTIFICATION DETAILS
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Name : |
ECKA GRANULES |
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Formerly known as : |
ECKA |
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Registered Office : |
Lachforst 4, A-5282 Braunau Ranshofen |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
09.11.2010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Engaged in Forging, Pressing, Stamping and Roll-Forming of Metal as well as Powder Metallurgy Manufacturer of glues |
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No. of Employees |
02 (2014) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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) |
|
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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Company name: |
ECKA Granules Austria GesmbH |
|
Status: |
active company |
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Locations: |
Lachforst 4, A-5282 Braunau Ranshofen |
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Phone: |
0043 (7722) 622160 |
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Fax: |
0043 (7722) 62216 - 11 |
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E-mail: |
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Activities: |
Önace 25500 50% Forging, pressing, stamping and roll-forming
of metal as well as powder metallurgy |
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|
Önace 20520 50% Manufacture of glues |
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General Assessment: |
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Probability of Default (Basel
II): |
Low risk |
|
comparison: |
The Rating of this company
meets 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: |
As far as insight is possible, payments are mostly made according
to conditions, nothing detrimental known. No experience of importance at
present. |
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Solvency has been average up to now. At this time there is
no insight of any importance. |
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Year of incorporation: |
2010 |
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Activities: |
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Type of company: |
Manufacturing |
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Legal form: |
Limited Liability Company Since 2010-09-28 |
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companies' house number: |
FN 354079 f Ried im Innkreis 2010-11-09 |
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VAT number: |
ATU 66039388 |
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number - Austrian National Bank: |
10152695 |
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total turnover (total sales) |
2013 |
|
(no figures known) |
|
total employees |
2014 |
2 |
(exact) |
|
white collar workers |
2014 |
2 |
(exact) |
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firm
(style): |
|
4
ECKA Granules Austria GesmbH |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
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registered
office: |
|
3
Ranshofen, politische Gemeinde Braunau am Inn |
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business
adress: |
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3
Lachforst 4 |
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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: |
|
8
zum 31.12.2012 eingereicht am 24.09.2013 |
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power
of representation: |
|
1
Die Gesellschaft wird, wenn
mehrere Geschäftsführer |
|
managing
director: |
|
D
Barton White, geb. 05.09.1967 |
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shareholder: |
|
C
Ecka Granules Holding II S.a.r.l. |
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general
table: |
|
Handelsgericht Wien |
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Real
estate 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) |
|
James Carroll Hunt |
1956-07-27 |
28203 North Carolina Charlotte Drive Charlotte 2120 |
manager |
1 |
|
Barton White |
1967-09-05 |
(c/o) |
manager |
1 |
(absolute) all amounts in
EUR
|
|
2012-12-31 |
|
Costs for set up and expansion of business operation |
10.811,23 |
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Intangible assets |
0,07 |
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Sum intangible assets |
10.811,30 |
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Tangible assets |
0,35 |
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Sum tangible assets |
0,35 |
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Financial assets |
4,59 |
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Sum financial assets |
4,59 |
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Sum fixed assets |
10.816,24 |
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Claims and other assets |
2.452.518,12 |
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Sum claims |
2.452.518,12 |
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Cash on hand, cheques and bank deposits |
3.241.496,11 |
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Sum cash and bank |
3.241.496,11 |
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Sum current assets |
5.694.014,23 |
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Deferred charges |
26.083,02 |
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Sum deferred charges |
26.083,02 |
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Assets |
5.730.913,49 |
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Subscribed/declared capital |
35.000,00 |
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Shares outstanding, not claimed |
-17.500,00 |
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Capital reserves |
50.000,00 |
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Balance sheet profit/balance sheet loss |
3.138.548,19 |
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Sum equity capital |
3.206.048,19 |
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Reserves |
606.636,94 |
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Sum reserves |
606.636,94 |
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Liabilities |
1.918.228,36 |
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Sum liabilities |
1.918.228,36 |
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Liabilities |
5.730.913,49 |
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Balance sheet sum |
5.730.913,49 |
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2012 |
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Equity capital share |
55,94 |
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Fixed assets coverage |
29.641,06 |
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Type |
Locations |
Description |
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|
E-mail |
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operational |
Lachforst 4, A-5282 Braunau Ranshofen |
registered office |
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operational |
Lachforst 4, A-5282 Braunau Ranshofen |
registered headquarters, rented premises |
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operational |
Struzevo 66, 4000 Kranj, SLO |
branch office |
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operational |
Bahnhofplatz 3, CH-5080 Laufenburg |
branch office, rented premises |
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former |
Schottenring 25, A-1010 Wien |
registered office |
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former |
Schottenring 25, A-1010 Wien |
registered headquarters |
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Company name |
Postal code |
Stake in % |
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Companies House |
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Shares in this company are
held by: |
||||
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Ecka Granules Holding II S.a.r.l. |
69 boulevard de la Petrusse , L-2320 Luxembourg |
100 % 2010-11-09 |
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||||
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Affiliated companies and
further participations: |
||||
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Mepura Metallpulvergesellschaft m.b.H. Ranshofen |
Lachforst 2, A-5282 Braunau Ranshofen |
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67.492 |
FN 110253 m |
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Banker |
Bank sort code |
Type of banking connection |
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RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG, 1011 Wien |
32000 |
related firms’accounts |
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Year of incorporation: |
2010 |
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Date of registration: |
2010-11-09 |
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Change of company name: |
||
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From |
To |
Company name |
|
|
2010-11-23 |
ECKA Austria Holding GesmbH |
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2010-11-23 |
2011-03-26 |
ECKA Austria zweite GesmbH |
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2011-03-26 |
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ECKA Granules Austria GesmbH |
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Former executives: |
|||
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From |
To |
Function |
Name |
|
2010-11-09 |
2013-10-12 |
manager |
Ian Michael Stuart Downie |
|
2010-11-09 |
2013-12-05 |
manager |
Eva Monica Kalawski |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.14 |
|
UK Pound |
1 |
Rs.103.00 |
|
Euro |
1 |
Rs.81.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.