|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIMPEX HANDELSGESELLSCHAFT M.B.H. |
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|
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Registered Office : |
Kärntner Ring 4, A-1010 Wien |
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Country : |
Austria |
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|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
16.12.1974 |
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Wholesale and retail trade; repair of motor vehicles |
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|
|
|
No. of Employees |
32 |
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 – 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 Risk |
A2 |
|
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 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
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Source
: CIA |
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Last up-date: |
2014-06-20 |
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Company name: |
Vimpex Handelsgesellschaft m.b.H. |
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Status: |
active company |
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Locations: |
Kärntner Ring 4, A-1010 Wien |
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Phone: |
0043 (1) 50151 |
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Fax: |
0043 (1) 50151 - 1 |
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E-mail: |
vimpex@vimpex.at |
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Internet: |
http://www.vimpex.at |
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Activities: |
Önace 46761 50% Wholesale of paper in bulk |
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|
Önace 46491 50% Wholesale of stationery and office supplies |
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General Assessment: |
Model: CompanyScore |
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Probability of Default (Basel II): |
0,36% 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: |
Merchandise is mainly imported. Domestic obligations are settled within net agreements. |
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Financial situation is average, increased use of external capital. |
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Year of incorporation: |
1974 |
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Activities: |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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||||
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Legal form: |
limited liability company since 1974-12-16 |
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companies' house number: |
FN 80549 f Wien 1975-01-15 |
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VAT number: |
ATU 14838309 |
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number - Austrian National Bank: |
46205 |
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Import |
Country |
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Import |
world-wide |
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2014 |
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||||
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Export |
Country |
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Export |
China |
|
2014 |
|
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Export |
Kuwait |
|
2014 |
|
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Export |
Saudi Arabia |
|
2014 |
|
|
Export |
Syria |
|
2014 |
|
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Export |
Uniter Arab Emirates |
|
2014 |
|
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Export |
Tunisia |
|
2014 |
|
|
Export |
Turkey |
|
2014 |
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Export |
Egypt |
|
2014 |
|
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Export |
Africa |
|
2014 |
|
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total turnover (total sales) |
2013 |
EUR 238.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2012 |
EUR 237.424.000,00 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 234.470.000,00 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 229.346.000,00 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 199.435.000,00 |
(exact) |
|
total employees |
2014 |
32 |
(approx.) |
|
white collar workers |
2014 |
32 |
(approx.) |
|
total company vehicles |
2014 |
4 |
(approx.) |
|
self-financed vehicles |
2014 |
3 |
(approx.) |
|
leasing vehicles |
2014 |
1 |
(approx.) |
|
cars |
2014 |
4 |
(approx.) |
|
firm (style): |
|
1
Vimpex Handelsgesellschaft m.b.H. |
|
legal form: |
|
1
Gesellschaft mit beschränkter Haftung |
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registered office: |
|
1
politischer Gemeinde Wien |
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business adress: |
|
1
Kärntner Ring 4 |
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capital: |
|
8
EUR 2.800.000 |
|
reference date annual accounts: |
|
11
31. Dezember |
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annual accounts: |
|
27
zum 31.12.2012 eingereicht am 25.09.2013 |
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power of representation: |
|
1
Die Generalversammlung bestimmt, wenn mehrere Geschäfts- |
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proxy: |
|
H
Elisabeth Freudenthaler, geb. 19.12.1967 |
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managing director: |
|
D
Mag Louai Kuzbari, geb. 14.09.1966 |
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shareholder: |
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D
Mag Louai Kuzbari, geb. 14.09.1966 |
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general table: |
|
Handelsgericht Wien |
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Real estate KSV text: |
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No real estate property registered |
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Surname
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Date of birth
|
Address
|
Executive positions
|
Further executive positions (as registered in the companies' house) |
|
Mag. Oussama Kuzbari |
1965-03-02 |
1190 Wien Amalgergasse 16 |
manager, partner |
3 |
|
Mag. Louai Kuzbari |
1966-09-14 |
1010 Wien Kärntnerring 4 |
manager, partner, head of marketing |
9 |
|
Elisabeth Freudenthaler
|
1967-12-19
|
2261 Angern Ollersdorferstraße 49 |
individual signing clerk, head of accounting, head of EDP
|
0
|
(absolute) all
amounts in EUR
|
|
2012-12-31 |
|
Intangible assets |
39.779,98 |
|
Sum intangible assets |
39.779,98 |
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Tangible assets |
566.607,89 |
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Sum tangible assets |
566.607,89 |
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Financial assets |
4.431.851,51 |
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Sum financial assets |
4.431.851,51 |
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Sum fixed assets |
5.038.239,38 |
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Stocks |
4.630.457,06 |
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Sum stock |
4.630.457,06 |
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Claims and other assets |
44.848.563,37 |
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Sum claims |
44.848.563,37 |
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Securities and shares |
2.217.699,40 |
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Sum securities and shares |
2.217.699,40 |
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Cash on hand, cheques and bank deposits |
1.672.703,64 |
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Sum cash and bank |
1.672.703,64 |
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Sum current assets |
53.369.423,47 |
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Deferred charges |
138.266,62 |
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Sum deferred charges |
138.266,62 |
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Assets |
58.545.929,47 |
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Subscribed/declared capital |
2.800.000,00 |
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Profit reserves |
293.067,51 |
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Balance sheet profit/balance sheet loss |
2.801.248,57 |
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Thereof profit/loss carried forward |
1.854.032,08 |
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Sum equity capital |
5.894.316,08 |
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Reserves |
2.563.847,87 |
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Sum reserves |
2.563.847,87 |
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Liabilities |
50.087.765,52 |
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Sum liabilities |
50.087.765,52 |
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Liabilities |
58.545.929,47 |
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Contingent liabilities |
730.316,44 |
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Balance sheet sum |
58.545.929,47 |
(absolute) all
amounts in EUR
|
|
2012-12-31 |
|
Gross profit |
13.651.681,09 |
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Total turnover or gross profit |
13.651.681,09 |
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Income from dissolution of reserves |
152.089,00 |
|
Other operating profits |
1.506.374,92 |
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Other operating profits totally |
1.658.463,92 |
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Salaries |
-1.817.588,09 |
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Costs for severance pays |
-82.929,37 |
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Legal fringe benefits and other payments depending on salaries |
-385.380,35 |
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Other social fringe benefits |
-14.702,99 |
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Personnel expenses totally |
-2.300.600,80 |
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Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation |
-162.631,29 |
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Depreciation tangible assets / intangible assets totally |
-162.631,29 |
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Other operating costs |
-9.950.818,09 |
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Total costs |
-9.950.818,09 |
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Operating result totally |
2.896.094,83 |
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Income from other securities and loans of financial assets |
54.443,81 |
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Profits from the retirement of and investment in financial assets and securities of current assets |
258.132,92 |
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Interest income, securties income and similar income |
11,82 |
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Interest and similar disbursements |
-1.440.320,79 |
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Financial expenses |
-439.662,69 |
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Financial profits totally |
-1.567.394,93 |
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Results from usual business activity totally |
1.328.699,90 |
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Taxes on income and profits |
-381.483,41 |
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Taxes on income and profits totally |
-381.483,41 |
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Annual surplus/annual deficit totally |
947.216,49 |
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Annual profit/annual loss totally |
947.216,49 |
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Profit and loss carried forward from previous year |
1.854.032,08 |
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Transfer of profits totally |
1.854.032,08 |
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B/S profit/ B/S loss from profit and loss account |
2.801.248,57 |
|
|
2012 |
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Cash flow II |
1.109.847,78 |
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Debt amortisation period |
43,93 |
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Bank indebtedness |
0,00 |
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Equity capital share |
10,06 |
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Social capital share |
0,00 |
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Fixed assets coverage |
116,99 |
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Net profit ratio |
0,00 |
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Capital turnover |
0,00 |
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Return on investment |
4,72 |
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Cash flow in % of operating performance |
0,00 |
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Cash flow I |
1.491.331,19 |
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Gross productivity |
0,00 |
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Net productivity |
0,00 |
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Operating performance |
0,00 |
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Inventories in % of operating performance |
0,00 |
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Gross profit |
13.651.681,09 |
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Type |
Locations |
Description |
|
|
|
|
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operational |
Kärntner Ring 4, A-1010 Wien |
registered office |
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operational |
Kärntner Ring 4, A-1010 Wien |
registered headquarters, rented premises |
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|
vimpex@vimpex.at |
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Company name
|
Postal code
|
Stake in %
|
KSV-number |
Companies House
|
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Shares in this company are held by: |
||||
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Mag. Louai Kuzbari
|
Kärntnerring 4, A-1010 Wien |
50 % 1996-01-30
|
900.010.187
|
|
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Mag. Oussama Kuzbari
|
Amalgergasse 16, A-1190 Wien |
50 % 1996-01-30
|
900.233.491
|
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Affiliated companies and further participations: |
||||
|
Plaza Hotel am Schottenring Holdinggesellschaft m.b.H. |
Kärntnerring 4, A-1010 Wien |
|
129.935
|
FN 81581 y
|
|
Vienna Petrochemical Handelsgesellschaft m.b.H. |
Kärntner Ring 4, A-1010 Wien |
|
158.808
|
FN 37779 h
|
|
PIALLO Handels- und Veredelungsgesellschaft mbH |
Kärntnerring 4, A-1010 Wien |
|
524.801
|
FN 32285 d
|
|
TRANSAIR Tourismus GmbH
|
Kärntnerring 4, A-1010 Wien |
|
1.107.750
|
FN 199150 v
|
|
Softmind Softwaredevelopment GmbH |
Kärntner Ring 4, A-1010 Wien |
|
1.149.952
|
FN 210127 k
|
|
111 Realitäten GmbH
|
Kärntnerring 4, A-1010 Wien |
|
1.636.355
|
FN 317304 z
|
|
Paper.com GmbH
|
Kärntner Ring 4, A-1010 Wien |
|
7.053.849
|
FN 365027 f
|
|
|
|
|
|
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Banker |
Bank sort code |
Type of banking connection |
|
|
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG, 1011 Wien
|
32000
|
main bank connection
|
|
|
UniCredit Bank Austria AG, 1011 Wien
|
11000
|
secondary banking connection
|
|
|
BAWAG P.S.K. Bank für Arbeit und Wirtschaft, 1011 Wien
|
14000
|
secondary banking connection
|
|
|
|
|
||
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Year of incorporation: |
1974 |
|
Date of registration: |
1975-01-15 |
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Change in share capital: |
||
|
From |
To |
Capital |
|
2002-01-16 |
|
EUR 2.800.000,00 |
|
|
2002-01-16 |
ATS 38.000.000,00 |
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Former executives: |
|||
|
From |
To |
Function |
Name |
|
1994-02-22 |
2011-06-30 |
manager |
Nabil Kuzbari |
|
|
2006-09-13 |
individual signing clerk |
Dkfm. Roger Neufeld |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1996-01-30 |
2011-07-05 |
partner |
Nabil Kuzbari |
|
1996-01-30 |
2011-07-05 |
partner |
Dr. Rafic Kuzbari |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
1999-11-16 |
2000-01-11 |
VIMPEX-TCD Technische Forschungsgesellschaft m.b.H. |
|
2002-12-19 |
2002-12-24 |
Medlevant Verlagsgesellschaft m.b.H. |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2002-12-30 |
merged with |
Medlevant Verlagsgesellschaft m.b.H. |
|
2001-01-16 |
merged with |
VIMPEX-TCD Technische Forschungsgesellschaft m.b.H. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
|
1 |
Rs.102.28 |
|
Euro |
1 |
Rs.82.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.