|
Report Date : |
31.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
J. ZIMMER MASCHINENBAU GESELLSCHAFT M.B.H. |
|
|
|
|
Registered Office : |
Ebentalerstraße 133, A-9020 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1960 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
|
|
|
|
No. of Employees |
146 (approx.) |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
|
Company name: |
J. ZIMMER MASCHINENBAU GESELLSCHAFT M.B.H. |
|
Status: |
active company |
|
Locations: |
Ebentalerstraße 133, A-9020 Klagenfurt |
|
Phone: |
0043 (463) 3848 |
|
Fax: |
0043 (463) 319203 |
|
E-mail: |
sales@zimmer-austria.com |
|
Internet: |
http://www.zimmer-austria.com |
|
Activities: |
Önace 28940 100% Manufacture of machinery for textile, apparel and
leather production |
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel II): |
0,13% Very low risk |
|
comparison: |
The Rating of this company is better than industry average. |
|
Recommendation: |
In respect to solvency reasons, there is nothing to say against an
establishment of a business relationship. |
|
|
|
|
Detail Assessment: |
Payments are sometimes made using cash discounts or according to
conditions. |
|
|
Financial situation is average. |
|
Year of incorporation: |
1960 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company since 1989-09-13 |
|
||||
|
companies' house number: |
FN 92181 k Klagenfurt 1989-10-09 |
|
||||
|
VAT number: |
ATU 25267804 |
|
||||
|
number - Austrian National Bank: |
1338145 |
|
||||
|
|
|
|||||
|
Import |
Country |
|
|
|
||
|
Import |
France |
|
2014 |
|
||
|
Import |
Germany |
|
2014 |
|
||
|
Import |
Italy |
|
2014 |
|
||
|
Import |
Switzerland |
|
2014 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
world-wide |
|
2014 |
|
Financial data:
|
total turnover (total sales) |
2013 |
EUR 24.030.000,00 |
(approx.) |
|
total turnover (total sales) |
2012 |
EUR 17.690.791,89 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 16.432.404,09 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 18.335.206,55 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 16.445.335,92 |
(exact) |
|
total employees |
2014 |
146 |
(approx.) |
|
white collar workers |
2014 |
80 |
(approx.) |
|
blue collar workers |
2014 |
66 |
(approx.) |
|
total investments |
2012 |
EUR 98.066,54 |
(exact) |
|
total company vehicles |
2014 |
12 |
(approx.) |
|
cars |
2014 |
10 |
(approx.) |
|
lorries up to 3.5t |
2014 |
1 |
(approx.) |
|
lorries more than 3.5t |
2014 |
1 |
(approx.) |
Extraxt from the Companies' House:
|
firm (style): |
|
1 J. Zimmer Maschinenbau |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 Klagenfurt, politische
Gemeinde Klagenfurt am Wörthersee |
|
business adress: |
|
1 Ebentaler Str. 133 |
|
capital: |
|
21 EUR 3.000.000 |
|
reference date
annual accounts: |
|
1 31. Dezember |
|
annual accounts: |
|
41 zum 31.12.2012
eingereicht am 26.09.2013 |
|
power of
representation: |
|
1 Die Gesellschaft wird,
wenn mehrere Geschäftsführer |
|
proxy: |
|
D Peter Gugl, geb. 30.12.1949 |
|
managing
director: |
|
A Johannes Zimmer, geb.
20.09.1930 |
|
shareholder: |
|
B Johannes Zimmer
Beteiligungs- und |
|
general table: |
|
Landesgericht Klagenfurt |
Real estate:
|
Real estate KSV text: |
|
No real estate property registered |
Private data:
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Jürgen Scheriau |
1966-10-02 |
9210 Pörtschach Kirchenweg 1 |
manager |
0 |
|
Johannes Zimmer |
1930-09-20 |
9020 Klagenfurt Ebentalerstraße 133 |
manager, head of marketing |
3 |
|
Ernst Eiper |
1951-10-06 |
9112 Griffen Griffen 133 |
joint signing clerk |
0 |
|
Peter Gugl |
1949-12-30 |
9020 Klagenfurt Kreuzbichlweg 4 |
joint signing clerk, technical director |
0 |
|
Annemarie Kern |
1953-09-12 |
9122 St. Kanzian Seenstraße 53 |
joint signing clerk, head of accounting |
0 |
|
Angelika Kraeuth |
1961-04-09 |
9064 Pischeldorf Pischeldorf 159 |
joint signing clerk |
0 |
|
Hermann Leeb |
1957-05-19 |
9020 Klagenfurt Ferdinand Porschestraße 40 |
joint signing clerk |
0 |
|
Horst Ros |
1965-09-15 |
9400 Wolfsberg Ziegelweg 3 |
joint signing clerk |
1 |
Balance Sheet (absolute) all amounts in EUR
|
|
2012-12-31 |
|
|
|
|
|
Intangible assets |
24.087,29 |
|
|
|
|
|
Sum intangible assets |
24.087,29 |
|
|
|
|
|
|
|||||
|
Land with buildings (building value) |
0,14 |
|
|
|
|
|
Other operating and business equipment |
162.972,32 |
|
|
|
|
|
Technical plants and machines |
292.233,26 |
|
|
|
|
|
Sum tangible assets |
455.205,72 |
|
|
|
|
|
|
|||||
|
Financial assets |
155.113,35 |
|
|
|
|
|
Sum financial assets |
155.113,35 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
634.406,36 |
|
|
|
|
|
|
|||||
|
Stocks |
3.732.033,01 |
|
|
|
|
|
Sum stock |
3.732.033,01 |
|
|
|
|
|
|
|||||
|
Claims against related firmes Claims against companies with
shareholding relationship |
186.572,73 |
|
|
|
|
|
Special account claims |
2.540.124,47 |
|
|
|
|
|
Sum claims |
2.726.697,20 |
|
|
|
|
|
|
|||||
|
Other securities |
3.532.180,20 |
|
|
|
|
|
Sum securities and shares |
3.532.180,20 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
2.262.697,49 |
|
|
|
|
|
Sum cash and bank |
2.262.697,49 |
|
|
|
|
|
|
|||||
|
Sum current assets |
12.253.607,90 |
|
|
|
|
|
|
|||||
|
Deferred charges |
22.173,34 |
|
|
|
|
|
Sum deferred charges |
22.173,34 |
|
|
|
|
|
Assets |
12.910.187,60 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
3.000.000,00 |
|
|
|
|
|
Capital reserves |
2.629.415,99 |
|
|
|
|
|
Profit reserves |
272.523,13 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
-1.882.586,21 |
|
|
|
|
|
Thereof profit/loss carried forward |
-2.628.673,08 |
|
|
|
|
|
Sum equity capital |
4.019.352,91 |
|
|
|
|
|
|
|||||
|
Valuation reserves and other reserves before taxes |
11.729,06 |
|
|
|
|
|
Sum reserves before taxes |
11.729,06 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
1.899.512,70 |
|
|
|
|
|
Reserves for pensions |
18.807,00 |
|
|
|
|
|
Other reserves |
1.630.772,71 |
|
|
|
|
|
Sum reserves |
3.549.092,41 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
2.679.362,00 |
|
|
|
|
|
Liabilities against related firms |
551.500,02 |
|
|
|
|
|
Other liabilities |
2.099.151,20 |
|
|
|
|
|
Sum liabilities |
5.330.013,22 |
|
|
|
|
|
|
|||||
|
Liabilities |
12.910.187,60 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
12.910.187,60 |
|
|
|
|
P / L Account (absolute) all amounts in EUR
|
|
2012-12-31 |
|
|
|
|
|
Gross profit |
10.057.863,22 |
|
|
|
|
|
Total turnover or gross profit |
10.057.863,22 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial assets |
7.232,98 |
|
|
|
|
|
Income from dissolution of reserves |
1.222,70 |
|
|
|
|
|
Other operating profits |
415.778,85 |
|
|
|
|
|
Other operating profits totally |
424.234,53 |
|
|
|
|
|
|
|||||
|
Wages |
-1.360.941,04 |
|
|
|
|
|
Salaries |
-4.141.675,37 |
|
|
|
|
|
Costs for severance pays |
-259.075,13 |
|
|
|
|
|
Costs for old age pension |
-22.972,87 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-1.429.478,55 |
|
|
|
|
|
Other social fringe benefits |
-6.775,74 |
|
|
|
|
|
Personnel expenses totally |
-7.220.918,70 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-230.665,44 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-230.665,44 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-2.431.929,60 |
|
|
|
|
|
Other taxes |
-17.556,23 |
|
|
|
|
|
Total costs |
-2.449.485,83 |
|
|
|
|
|
|
|||||
|
Operating result totally |
581.027,78 |
|
|
|
|
|
|
|||||
|
Income from other securities and loans of financial assets |
120.133,06 |
|
|
|
|
|
Profits from the retirement of and investment in financial assets and
securities of current assets |
67.176,28 |
|
|
|
|
|
Interest income, securties income and similar income |
82.450,23 |
|
|
|
|
|
Disbursements from other financial assets and from securities of
current assets (e.g. depreciations) |
-13.448,61 |
|
|
|
|
|
Interest and similar disbursements |
-94.076,24 |
|
|
|
|
|
Financial profits totally |
162.234,72 |
|
|
|
|
|
|
|||||
|
Results from usual business activity totally |
743.262,50 |
|
|
|
|
|
|
|||||
|
Annual surplus/annual deficit totally |
743.262,50 |
|
|
|
|
|
|
|||||
|
Dissolution reserves before taxes |
2.824,37 |
|
|
|
|
|
Reserves movements totally |
2.824,37 |
|
|
|
|
|
Annual profit/annual loss totally |
746.086,87 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
-2.628.673,08 |
|
|
|
|
|
Transfer of profits totally |
-2.628.673,08 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
-1.882.586,21 |
|
|
|
|
Key ratios
|
|
2012 |
|
|
|
|
|
|
Cash flow II |
973.927,94 |
|
|
|
|
|
|
Debt amortisation period |
3,16 |
|
|
|
|
|
|
Bank indebtedness |
20,75 |
|
|
|
|
|
|
Equity capital share |
31,22 |
|
|
|
|
|
|
Social capital share |
14,85 |
|
|
|
|
|
|
Fixed assets coverage |
937,79 |
|
|
|
|
|
|
Net profit ratio |
0,00 |
|
|
|
|
|
|
Capital turnover |
0,00 |
|
|
|
|
|
|
Return on investment |
6,48 |
|
|
|
|
|
|
Cash flow in % of operating performance |
0,00 |
|
|
|
|
|
|
Cash flow I |
973.927,94 |
|
|
|
|
|
|
Gross productivity |
0,00 |
|
|
|
|
|
|
Net productivity |
0,00 |
|
|
|
|
|
|
Operating performance |
0,00 |
|
|
|
|
|
|
Inventories in % of operating performance |
0,00 |
|
|
|
|
|
|
Gross profit |
10.057.863,22 |
|
|
|
|
|
Locations
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Ebentalerstraße 133, A-9020 Klagenfurt |
registered office |
|
|
|
|
|
operational |
Ebentalerstraße 133, A-9020 Klagenfurt |
registered headquarters, rented premises |
|
|
|
sales@zimmer-austria.com |
|
former |
Flatschacherstraße 13, A-9020 Klagenfurt |
branch agency |
|
|
|
|
|
former |
Mittlern 97, A-9125 Kühnsdorf |
factory |
|
|
|
|
related companies:
|
Company name |
Postal code |
Stake in % |
KSV-number |
Companies House |
|
Shares in this company are held by: |
||||
|
Johannes Zimmer Beteiligungs- und Verwaltungs GmbH |
Gutensteinerstraße 13, A-9020 Klagenfurt |
100 % 1994-04-21 |
121.388 |
FN 97933 w |
|
|
||||
|
Affiliated companies and further participations: |
||||
|
J. Zimmer Maschinenbau Gesellschaft m.b.H. |
Eibergstraße 2-8, A-6330 Kufstein |
|
65.243 |
FN 44942 t |
Bankers:
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
|
UniCredit Bank Austria AG, 9010 Klagenfurt |
12000 |
main bank connection |
|
|
BKS Bank AG, 9010 Klagenfurt |
17000 |
main bank connection |
|
|
|
|
||
Historical development:
|
Year of incorporation: |
1960 |
|
Date of registration: |
1989-10-09 |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2005-11-01 |
ATS 37.500.000,00 |
|
2005-11-01 |
2005-12-03 |
EUR 2.725.231,28 |
|
2005-12-03 |
|
EUR 3.000.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
2000-10-12 |
2006-07-18 |
manager |
Dkfm.Dr. Gerhard Fresacher |
|
2006-05-24 |
2008-06-21 |
manager |
Ing. Michael Haydn |
|
2008-06-21 |
2008-08-30 |
manager |
Dipl-Ing. Wolfgang Tiwald |
|
2008-08-30 |
2009-01-24 |
manager |
Ing. Michael Haydn |
|
2000-01-15 |
2008-06-21 |
joint signing clerk |
Peter Gugl |
|
2000-01-15 |
2008-06-21 |
joint signing clerk |
Jürgen Scheriau |
|
2008-10-16 |
2010-01-27 |
joint signing clerk |
Jürgen Scheriau |
|
|
2002-01-09 |
manager |
Johannes Zimmer |
|
2000-01-15 |
2002-07-02 |
joint signing clerk |
Paul Rosenzopf |
|
2000-01-15 |
2003-08-09 |
joint signing clerk |
Karl Mayer |
|
2000-01-15 |
2006-05-24 |
joint signing clerk |
Alfred Habenbacher |
|
2000-01-15 |
2000-03-02 |
manager |
Mag. Christian Türk |
|
2005-02-22 |
2006-05-24 |
manager |
Dipl-Ing. Rolf Dieter Kühnen |
|
2002-01-09 |
2005-02-22 |
manager |
Karl Michael Wechselberger |
|
2002-01-09 |
2006-05-24 |
manager |
Johannes Paul Martin Zimmer |
|
2004-11-05 |
2008-06-21 |
joint signing clerk |
Desiree Zimmer |
|
2009-01-24 |
2010-06-29 |
joint signing clerk |
Mario Weißenbrunner |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1994-04-21 |
2000-10-04 |
partner |
Johannes Zimmer |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.15 |
|
UK Pound |
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.