MIRA INFORM REPORT

 

 

Report Date :

31.07.2014

 

IDENTIFICATION DETAILS

 

Name :

SCHOELLER-BLECKMANN NITEC GMBH

 

 

Registered Office :

Hauptstraße  2, A-2630 Ternitz

 

 

Country :

Austria

 

 

Financials (as on) :

29.02.2012

 

 

Year of Establishment :

1996

 

 

Legal Form :

limited liability company

 

 

Line of Business :

FN 142305 y

 

 

No of Employees :

150

 

 

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Austria

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

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

 

Company name:

Schoeller-Bleckmann Nitec GmbH

Status:

active company

Locations:

Hauptstraße  2, A-2630 Ternitz

Phone:

0043 (2630) 319

Fax:

0043 (2630) 319 - 19

E-mail:

sbn@christof-group.com

Internet:

http://www.christof-group.com

Activities:

Önace 28290 100% Manufacture of other general-purpose machinery n.e.c.

 

 

Additional company information

 

 

Year of incorporation:

1996

 

Activities:

 

 

Type of company:

Manufacturing

 

Legal form:

limited liability company since 1996-02-06

 

companies' house number:

FN 142305 y Wiener Neustadt 1996-02-14

 

VAT number:

ATU 40100804

 

number - Austrian National Bank:

2716038

 

 

 

 

Import 

Country 

 

 

 

Import

European Union

 

2014

 

 

 

Export 

Country 

 

 

 

Export

world-wide

 

2014

 

 

 

Financial data:

 

total turnover (total sales)

2013

EUR  50.000.000,00

(approx.)

total turnover (total sales)

2012

EUR  50.113.501,57

(exact)

total turnover (total sales)

2011

EUR  42.889.573,90

(exact)

total turnover (total sales)

2010

EUR  32.434.930,26

(exact)

total turnover (total sales)

2009

EUR  51.361.070,50

(exact)

total employees

2014

150

(approx.)

total company vehicles

2014

4

(approx.)

 

 

Extraxt from the Companies' House:

 

firm (style):

   25      Schoeller-Bleckmann Nitec GmbH

legal form:

    1      Gesellschaft mit beschränkter Haftung

registered office:

    4      politischer Gemeinde Ternitz

business adress:

    4      Hauptstraße 2
           2630 Ternitz

capital:

   33      EUR 363.364,17

reference date annual accounts:

   33      31. Dezember

 

annual accounts:

   34      zum 31.12.2012 eingereicht am 05.09.2013

power of representation:

    1      Die Gesellschaft wird, wenn mehrere Geschäftsführer
           bestellt sind, durch zwei Geschäftsführer gemeinsam oder
           durch einen von ihnen gemeinsam mit einem Prokuristen
           vertreten.
           Die Generalversammlung kann, auch wenn mehrere Geschäfts-
           führer bestellt sind, einzelnen von ihnen selbständige
           Vertretungsbefugnis erteilen.
    1   Gesellschaftsvertrag  vom 06.02.1996                                001
    3   Generalversammlungsbeschluss  vom 15.03.1996                        002
          Kapitalerhöhung um ATS 4,500.000,-.
          Änderung des Gesellschaftsvertrages im Punkt Drittens.
   25   Generalversammlungsbeschluss  vom 19.08.2008                        005
          Änderung des Gesellschaftsvertrages im Punkt Erstens.
   26   Generalversammlungsbeschluss  vom 27.11.2008                        006
          Änderung des Gesellschaftsvertrages im Punkt Viertens.
   33   Gesellschaftsvertrag mit Generalversammlungsbeschluss               007
          vom 06.11.2012
          gemäß 1. Euro-JuBeG angepasst.
          Änderung des Gesellschaftsvertrages im Punkt Drittens.
   33   Generalversammlungsbeschluss  vom 06.11.2012                        008
          Änderung des Gesellschaftsvertrages in den Punkten Viertens,
          Sechstens zweiter Absatz und Siebentens zweiter Absatz.

managing director:

         D   Mag. Hermann Kernberger, geb. 10.04.1949
   17        vertritt seit 01.07.2006 gemeinsam mit
             einem weiteren Geschäftsführer
         F   Ing. Othmar Posch, geb. 21.02.1953
   17        vertritt seit 01.07.2006 gemeinsam mit
             einem weiteren Geschäftsführer

shareholder:

         H   Johann Christof, geb. 13.09.1960
   33        ......................    EUR 72,67
   33        .................................................    EUR 72,67
         I   J. Christof Apparatebau Beteiligungs
             GmbH
   33        .................    EUR 363.291,50
   33        ............................................    EUR 363.291,50
                          ------------------------------------------------------
                   Summen:        EUR 363.364,17             EUR 363.364,17

general table:

 Landesgericht Wiener Neustadt
   1 eingetragen am 14.02.1996                  Geschäftsfall   1 Fr   391/96 h
       Antrag auf Neueintragung einer Firma  eingelangt am 09.02.1996
   3 eingetragen am 16.04.1996                  Geschäftsfall   1 Fr   766/96 i
       Antrag auf Änderung  eingelangt am 26.03.1996
   4 eingetragen am 22.02.1997                  Geschäftsfall   1 Fr   646/97 t
       Antrag auf Änderung  eingelangt am 05.02.1997
   6 eingetragen am 12.04.1997                  Geschäftsfall   1 Fr  1609/97 h
       amtswegige Berichtigung
  15 eingetragen am 19.04.2005                  Geschäftsfall   1 Fr  2188/05 y
       Antrag auf Änderung  eingelangt am 15.04.2005
  17 eingetragen am 01.07.2006                  Geschäftsfall   1 Fr  3053/06 d
       Antrag auf Änderung  eingelangt am 20.06.2006
  20 eingetragen am 17.01.2007                  Geschäftsfall   1 Fr   328/07 f
       Antrag auf Änderung  eingelangt am 15.01.2007
  23 eingetragen am 09.05.2008                  Geschäftsfall   1 Fr  2476/08 y
       Antrag auf Änderung  eingelangt am 06.05.2008
  25 eingetragen am 09.09.2008                  Geschäftsfall   1 Fr  4765/08 p
       Antrag auf Änderung  eingelangt am 03.09.2008
  26 eingetragen am 03.12.2008                  Geschäftsfall   1 Fr  7065/08 x
       Antrag auf Änderung  eingelangt am 28.11.2008
  29 eingetragen am 03.03.2010                  Geschäftsfall   1 Fr  1686/10 d
       Antrag auf Änderung  eingelangt am 26.02.2010
  33 eingetragen am 29.12.2012                  Geschäftsfall   1 Fr 10008/12 i
       Antrag auf Änderung  eingelangt am 29.11.2012
  34 eingetragen am 07.09.2013                  Geschäftsfall   8 Fr  2342/13 x
       Elektronische Einreichung Jahresabschluss  eingelangt am 05.09.2013

 

Real estate:

 

Registration number of real estate  1174  Cadastral register  23303  Dunkelstein N  Number and date of entry  4357/2010  Status of  2013-02-14

Part A - type of real estate  :

GST-NR  G BA (NUTZUNG)          FLäCHE  GST-ADRESSE
    797     G GST-Fläche        *    23791
              Baufl.(Gebäude)         7610
              Sonstige               16181
              (Werksgelände)
 

Part B - ownership details  :

1 ANTEIL: 1/1
      Schoeller-Bleckmann Nitec GmbH
      ADR: Hauptstr. 2, Ternitz   2630
       a 2937/1996 Kaufvertrag 1996-03-06 Eigentumsrecht vorgemerkt
       b 3479/1996 Rechtfertigung
       c 373/1999 Vorkaufsrecht
       d 3312/1999 übertragung der vorangehenden Eintragung(en)
           aus EZ 1491 GB 23335 St. Johann am Steinfelde
       e 3409/2008 Namensänderung
 

Part C - registered charges  :

 

 

Private data:

 

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

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

Mag.  Hermann Kernberger

1949-04-10 

2500 Baden Helenenstraße 26

manager,

head of sales

2

Ing.  Othmar Posch

 

1953-02-21 

 

2620 Wartmannstetten Ramplach 67

manager,

head of personnel

 

1

 

Johann Christof

 

1960-09-13 

 

8010 Graz Weg zum Reinerkogel 19

partner

 

8

 

Karin Fuchs

 

  

 

2630 Ternitz Hauptstraße 2 (c/o)

head of accounting

 

0

 

Martin Eder

 

  

 

2630 Ternitz Hauptstraße 2 c/o(c/o)

head of purchasing

 

0

 

 

 

Balance Sheet  (absolute) all amounts in EUR 

 

 

2012-02-29 

Franchises, patents, licences, trademarks and similar rights and advantages

23.152,02

Sum intangible assets

23.152,02

 

 

Land and leasehold rights with buildings thereon including building on land owned by third parties

1.884.680,19

Other operating and business equipment

372.138,47

Technical plants and machines

3.245.296,44

Advanced payments and constructions in progress

96.000,00

Sum tangible assets

5.598.115,10

 

 

Other shareholdings

21.000,00

Other financial assets, values and securities of fixed assets

166.862,09

Sum financial assets

187.862,09

 

 

Sum fixed assets

5.809.129,21

 

 

Raw-, auxiliary materials and supplies

7.251.699,94

Unfinished products

28.439.080,00

Finished products

1.172.086,51

Received advanced payments for orders

-26.623.868,00

Sum stock

10.238.998,45

 

 

Claims from delivered goods and performed services

1.892.121,61

Other claims and assets

1.264.230,22

Sum claims

3.156.351,83

 

 

Cash on hand, cheques and bank deposits

16.973.619,14

Sum cash and bank

16.973.619,14

 

 

Sum current assets

30.368.969,42

 

 

Deferred charges

147.981,57

Sum deferred charges

147.981,57

Assets

36.326.080,20

 

 

Subscribed/declared capital

363.364,17

Not committed capital reserves

1.231.804,54

Balance sheet profit/balance sheet loss

10.435.231,26

Thereof profit/loss carried forward

4.582.179,35

Sum equity capital

12.030.399,97

 

 

Other reserves before taxes

192.631,85

Sum reserves before taxes

192.631,85

 

 

Investment contributions

132.914,57

Sum floor capital

132.914,57

 

 

Reserves for severance pays

1.356.774,00

Other reserves

3.137.431,00

Sum reserves

4.494.205,00

 

 

Received advanced payments for orders

9.143.412,00

Liabilities from delivered goods and performed services

5.956.792,07

Liabilities against related firms

4.161.472,78

Other liabilities

214.251,96

Sum liabilities

19.475.928,81

 

 

Liabilities

36.326.080,20

 

 

Balance sheet sum

36.326.080,20

 

 

P / L Account  (absolute) all amounts in EUR 

 

 

2012-02-29 

Gross sales 

42.889.573,90

Increase or decrease in finished and unfinished goods and in service claims 

5.178.410,00

Other manufacturing costs capitalized 

605,38

Total turnover or gross profit 

48.068.589,28

 

 

Profits from retirement of fixed assets, except financial assets 

3.300,00

Special account other operating profits 

23.119,04

Income from dissolution of reserves 

195.531,90

Other operating profits 

166.151,63

Other operating profits totally 

388.102,57

 

 

Costs for obtained services 

-8.630.065,21

Material costs 

-17.491.265,66

Costs for obtained services totally 

-26.121.330,87

 

 

Wages 

-3.192.559,31

Salaries 

-2.900.132,67

Costs for severance pays 

-295.063,84

Costs for old age pension 

-60.722,81

Legal fringe benefits and other payments depending on salaries 

-1.564.744,15

Other social fringe benefits 

-47.611,85

Personnel expenses totally 

-8.060.834,63

 

 

Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation 

-731.393,07

Depreciation tangible assets / intangible assets totally 

-731.393,07

 

 

Other operating costs 

-5.745.116,11

Other taxes 

-31.065,97

Total costs 

-5.776.182,08

 

 

Operating result totally 

7.766.951,20

 

 

Interest income, securties income and similar income 

137.680,41

Interest and similar disbursements 

-70,76

Financial profits totally 

137.609,65

 

 

Results from usual business activity totally 

7.904.560,85

 

 

Taxes on income and profits 

-2.051.508,94

Taxes on income and profits totally 

-2.051.508,94

Annual surplus/annual deficit totally 

5.853.051,91

 

 

Annual profit/annual loss totally 

5.853.051,91

 

 

Profit and loss carried forward from previous year 

4.582.179,35

Transfer of profits totally 

4.582.179,35

B/S profit/ B/S loss from profit and loss account 

10.435.231,26

 

Key ratios

 

 

2012  

Cash flow II

  6.584.444,98

Debt amortisation period

  0,32

Bank indebtedness

  0,00

Equity capital share

  45,45

Social capital share

  3,73

Fixed assets coverage

  236,05

Net profit ratio

  16,44

Capital turnover

  1,32

Return on investment

  21,76

Cash flow in % of operating performance

  13,69

Cash flow I

  8.635.953,92

Gross productivity

  5,96

Net productivity

  2,72

Operating performance

  48.068.589,28

Inventories in % of operating performance

  21,30

Gross profit

  21.947.258,41

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Hauptstraße  2, A-2630 Ternitz

registered office 

 

 

 

operational 

Hauptstraße  2, A-2630 Ternitz

registered headquarters, owned property 

 

 

sbn@christof-group.com

operational 

Lunzerstraße  97, A-4031 Linz

warehouse, rented premises 

 

 

 

former 

Bahnstraße  45, A-2630 Ternitz

registered office 

 

 

 

 

 

related companies:

 

Company name

 

Postal code

 

Stake in %

 

KSV-number

Companies House

 

Shares in this company are held by:

J. Christof Apparatebau Beteiligungs GmbH

Plabutscherstraße  115, A-8051 Graz Gösting

99.98 % 2008-05-09

 

1.596.245

 

FN 304732 k

 

Johann Christof

 

Weg zum Reinerkogel  19, A-8010 Graz

0.02 % 2008-05-09

 

900.094.361

 

 

 

This company holds 50% to 99% of the shares in:

SBN Manufacturing Services GmbH

Hauptstraße  2, A-2630 Ternitz

50 % 2002-03-08

 

1.201.656

 

FN 219809 z

 

 

This company holds less than 50% of the shares in:

Stadtmarketing-Ternitz GmbH

 

Hans Czettel Platz  1, A-2630 Ternitz

10 % 2006-04-29

 

1.484.672

 

FN 278069 a

 

 

Affiliated companies and further participations:

J. Christof Gesellschaft m.b.H.

Plabutscherstraße  115, A-8051 Graz Gösting

 

 

163.079

 

FN 47620 f

 

RIA Rohr- und Industrieanlagenbau- gesellschaft m.b.H.

Glacisstraße  37, A-8010 Graz

 

 

796.704

 

FN 145039 v

 

CMB Maschinenbau & Handels GmbH

Conceptstrasse  1, A-8101 Gratkorn

 

 

920.440

 

FN 39631 g

 

Christof Holding AG

 

Plabutscherstraße  115, A-8051 Graz Gösting

 

 

1.274.771

 

FN 233467 i

 

QSE Quality-Safety-Engineering GmbH

Plabutscherstraße  115, A-8051 Graz Gösting

 

 

1.488.432

 

FN 278407 y

 

Concept Tech GmbH

 

Conceptstraße  1, A-8101 Gratkorn

 

 

1.533.088

 

FN 287997 a

 

Greentech Energiesysteme GmbH

 

Plabutscherstraße  115, A-8051 Graz Gösting

 

 

1.617.089

 

FN 309764 k

 

V L A Y Kunststoff GmbH

 

Oberlaafeld  2, A-8490 Bad Radkersburg

 

 

1.914.419

 

FN 346173 d

 

Johann Christof sen. und Johann Christof jun. GesbR

Hans-Thalhammer-Straße  18, A-8501 Lieboch

 

 

7.061.114

 

 

ace Apparatebau construction & engineering GmbH

Hans Thalhammerstraße  18, A-8501 Lieboch

 

 

1.060.338

 

FN 188824 h

 

apb Apparatebau Schweißtechnik GmbH

Gustav Kramerstraße  5b, A-8605 Kapfenberg

 

 

1.926.056

 

FN 348494 t

 

 

 

Bankers:

 

Banker

Bank sort code

Type of banking connection

Raiffeisen Bank International AG, 1011 Wien

 

31000

 

main bank connection

 

UniCredit Bank Austria AG, 2700 Wiener Neustadt

 

12000

 

secondary banking connection

 

Österreichische Volksbanken-Aktiengesellschaft, 1013 Wien

 

18160

 

secondary banking connection

 

 

 

 

 

Historical development:

 

Year of incorporation:

1996

Date of registration:

1996-02-14

 

Change of company name:

From

To

Company name

   

  2008-09-09

Schoeller-Bleckmann Nooter Apparatetechnik GmbH 

  2008-09-09

   

Schoeller-Bleckmann Nitec GmbH 

 

Change in share capital:

From

To

Capital

   

  2013-01-02

ATS  5.000.000,00

  2013-01-02

   

EUR  363.364,17

 

Former executives:

From

To

Function

Name

   

  2007-01-12

manager 

Ing. Richard Bandera 

  1997-04-05

  2006-07-01

individual signing clerk 

Mag. Hermann Kernberger 

  2005-04-19

  2006-07-01

individual signing clerk 

Ing. Othmar Posch 

  2001-03-23

  2006-09-08

individual signing clerk 

Franz Lovranich 

   

  1997-04-05

joint signing clerk 

Fred Raymond Uebel 

 

Former shareholders:

From

To

Function

Name

  2008-05-08

  2008-05-09

partner 

Wyatt Field Service Company 

  1996-04-16

  2008-05-09

partner 

Nooter Corporation 

  

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 60.14

UK Pound

1

Rs. 101.92

Euro

1

Rs. 80.63

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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.