|
Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
WATERS GESELLSCHAFT M.B.H. |
|
|
|
|
Registered Office : |
Hietzinger Hauptstraße 145, A-1130 Wien |
|
|
|
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Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Year of Incorporation : |
1994 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of electronic and telecommunications equipment and parts |
|
|
|
|
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 |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
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|
|
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KSV-number: |
630608 |
|
Last up-date: |
2014-01-23 |
|
Company name: |
Waters Gesellschaft m.b.H. |
|
Status: |
active company |
|
Locations: |
Hietzinger Hauptstraße 145, A-1130 Wien |
|
Phone: |
0043 (1) 8771807 |
|
Fax: |
0043 (1) 8771808 |
|
E-mail: |
vienna@waters.com |
|
Internet: |
http://www.waters.at |
|
Activities: |
Önace 46520 100% Wholesale of electronic and telecommunications
equipment and parts |
|
|
|
|
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: |
Merchandise is mainly imported. Domestic obligations and invoices of
forwarders are settled within net agreements. |
|
|
Financial situation is satisfactory. |
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|||||
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Year of incorporation: |
1994 |
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||||
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Activities: |
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||||
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
||||
|
Legal form: |
limited liability company since 1994-07-18 |
|
||||
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companies' house number: |
FN 110394 w Wien 1994-08-05 |
|
||||
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VAT number: |
ATU 15050405 |
|
||||
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ARA-number: |
7657 |
|
||||
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number - Austrian National Bank: |
2305186 |
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||||||
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Import |
Country |
|
|
|
||
|
Import |
Ireland |
|
2014 |
|
||
|
Import |
Netherlands |
|
2014 |
|
||
|
Import |
Great Britain and Northern Ireland / United Kingdom |
|
2014 |
|
||
|
Import |
USA |
|
2014 |
|
||
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|
||||
|
Export |
Country |
|
|
|
|
Export |
India |
|
2014 |
|
|
Export |
Eastern Europe |
|
2014 |
|
|
Export |
Middle East |
|
2014 |
|
|
total turnover (total sales) |
2013 |
EUR 93.500.000,00 |
(estimated) |
|
total turnover (total sales) |
2012 |
EUR 93.320.034,43 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 102.976.197,55 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 91.405.516,45 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 69.672.717,63 |
(exact) |
|
total employees |
2014 |
35 |
(approx.) |
|
white collar workers |
2014 |
35 |
(approx.) |
|
total stock |
2014 |
EUR 200.000,00 |
(average) |
|
total investments |
2012 |
EUR 27.022,62 |
(exact) |
|
firm (style): |
|
1 Waters Gesellschaft
m.b.H. |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde Wien |
|
business
address: |
|
1 Hietzinger Hauptstraße
145 |
|
capital: |
|
34 EUR 36.336,42 |
|
reference date
annual accounts: |
|
1 31. Dezember |
|
annual accounts: |
|
32 zum 31.12.2012
eingereicht am 27.05.2013 |
|
power of
representation: |
|
1 Die Generalversammlung
bestimmt, wenn mehrere Geschäfts- führer bestellt sind, deren
Vertretungsbefugnis.
34 Gesellschaftsvertrag mit
Generalversammlungsbeschluss
002 vom 12.09.2013 |
|
proxy: |
|
I Eugene Burns, geb.
21.05.1963 |
|
managing
director: |
|
J Ing. Herbert Ottner, geb.
17.10.1964 |
|
shareholder: |
|
B Waters Technologies
Corporation |
|
general table: |
|
Handelsgericht Wien |
|
Real estate
text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
|
Andre Ayache |
1953-08-06 |
78000 Versailles bis rue des Tassigny 2 |
manager |
0 |
|
Ing. Herbert Ottner |
1964-10-17 |
2380 Perchtoldsdorf Franz Lehargasse 6 |
manager |
0 |
|
Eugene Burns |
1963-05-21 |
3021 Preßbaum Piettegasse 26 |
individual signing clerk, head of accounting, head of EDP, head of personnel |
1 |
|
Andrea Hofmann |
|
1130 Wien Hietzinger Hauptstraße 145(c/o) |
head of marketing |
0 |
|
|
2012-12-31 |
|
|
|
|
|
|
Land with buildings (building value) |
77.516,76 |
|
|
|
|
|
|
Other operating and business equipment |
36.040,39 |
|
|
|
|
|
|
Sum tangible assets |
113.557,15 |
|
|
|
|
|
|
|
|
|||||
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Shares on related firms |
28.254,82 |
|
|
|
|
|
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Sum financial assets |
28.254,82 |
|
|
|
|
|
|
|
|
|||||
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Sum fixed assets |
141.811,97 |
|
|
|
|
|
|
|
|
|||||
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Finished products |
1.676.075,70 |
|
|
|
|
|
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Sum stock |
1.676.075,70 |
|
|
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
15.916.268,25 |
|
|
|
|
|
|
Claims against related firmes Claims against companies with
shareholding relationship |
143.976,39 |
|
|
|
|
|
|
Special account claims |
119.214,68 |
|
|
|
|
|
|
Sum claims |
16.179.459,32 |
|
|
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
2.161.327,19 |
|
|
|
|
|
|
Sum cash and bank |
2.161.327,19 |
|
|
|
|
|
|
|
|
|||||
|
Sum current assets |
20.016.862,21 |
|
|
|
|
|
|
|
|
|||||
|
Deferred charges |
9.947,92 |
|
|
|
|
|
|
Sum deferred charges |
9.947,92 |
|
|
|
|
|
|
Assets |
20.168.622,10 |
|
|
|
|
|
|
|
|
|||||
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Subscribed/declared capital |
36.336,42 |
|
|
|
|
|
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Capital reserves |
499.553,06 |
|
|
|
|
|
|
Balance sheet profit/balance sheet loss |
4.212.110,86 |
|
|
|
|
|
|
Thereof profit/loss carried forward |
3.016.251,08 |
|
|
|
|
|
|
Sum equity capital |
4.748.000,34 |
|
|
|
|
|
|
|
|
|||||
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Reserves for severance pays |
407.396,00 |
|
|
|
|
|
|
Other reserves |
1.086.110,05 |
|
|
|
|
|
|
Sum reserves |
1.493.506,05 |
|
|
|
|
|
|
|
|
|||||
|
Received advanced payments for orders |
1.513.703,38 |
|
|
|
|
|
|
Liabilities from delivered goods and performed services |
1.688.971,77 |
|
|
|
|
|
|
Liabilities against related firms |
8.338.911,03 |
|
|
|
|
|
|
Other liabilities |
191.811,06 |
|
|
|
|
|
|
Sum liabilities |
11.733.397,24 |
|
|
|
|
|
|
|
|
|||||
|
Deferred income |
2.193.718,47 |
|
|
|
|
|
|
Sum deferred income |
2.193.718,47 |
|
|
|
|
|
|
Liabilities |
20.168.622,10 |
|
|
|
|
|
|
|
|
|||||
|
Balance sheet sum |
20.168.622,10 |
|
|
|
|
|
|
|
2012-12-31 |
|
|
|
|
|
|
Gross sales |
93.320.034,43 |
|
|
|
|
|
|
Total turnover or gross profit |
93.320.034,43 |
|
|
|
|
|
|
|
|
|||||
|
Other operating profits |
6.233.942,73 |
|
|
|
|
|
|
Other operating profits totally |
6.233.942,73 |
|
|
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-78.971.342,37 |
|
|
|
|
|
|
Costs for obtained services totally |
-78.971.342,37 |
|
|
|
|
|
|
|
|
|||||
|
Salaries |
-2.618.473,43 |
|
|
|
|
|
|
Costs for severance pays |
-14.489,00 |
|
|
|
|
|
|
Costs for old age pension |
-60.000,00 |
|
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-448.757,88 |
|
|
|
|
|
|
Other social fringe benefits |
-238.353,28 |
|
|
|
|
|
|
Personnel expenses totally |
-3.380.073,59 |
|
|
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets, activated expenses
for the set up and expansion of business operation |
-78.803,08 |
|
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-78.803,08 |
|
|
|
|
|
|
|
|
|||||
|
Other operating costs |
-15.314.639,68 |
|
|
|
|
|
|
Other taxes |
-332.816,39 |
|
|
|
|
|
|
Total costs |
-15.647.456,07 |
|
|
|
|
|
|
|
|
|||||
|
Operating result totally |
1.476.302,05 |
|
|
|
|
|
|
|
|
|||||
|
Interest income, securties income and similar income |
333,40 |
|
|
|
|
|
|
Interest and similar disbursements |
-5.818,44 |
|
|
|
|
|
|
Financial profits totally |
-5.485,04 |
|
|
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
1.470.817,01 |
|
|
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-274.957,23 |
|
|
|
|
|
|
Taxes on income and profits totally |
-274.957,23 |
|
|
|
|
|
|
Annual surplus/annual deficit totally |
1.195.859,78 |
|
|
|
|
|
|
|
|
|||||
|
Annual profit/annual loss totally |
1.195.859,78 |
|
|
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
3.016.251,08 |
|
|
|
|
|
|
Transfer of profits totally |
3.016.251,08 |
|
|
|
|
|
|
B/S profit/ B/S loss from profit and loss
account |
4.212.110,86 |
|
|
|
|
|
|
|
2012 |
|
|
|
|
|
|
Cash flow II |
1.274.662,86 |
|
|
|
|
|
|
Debt amortisation period |
7,49 |
|
|
|
|
|
|
Bank indebtedness |
0,00 |
|
|
|
|
|
|
Equity capital share |
25,45 |
|
|
|
|
|
|
Social capital share |
2,01 |
|
|
|
|
|
|
Fixed assets coverage |
3.635,37 |
|
|
|
|
|
|
Net profit ratio |
1,57 |
|
|
|
|
|
|
Capital turnover |
4,62 |
|
|
|
|
|
|
Return on investment |
7,32 |
|
|
|
|
|
|
Cash flow in % of operating performance |
1,36 |
|
|
|
|
|
|
Cash flow I |
1.549.620,09 |
|
|
|
|
|
|
Gross productivity |
27,60 |
|
|
|
|
|
|
Net productivity |
4,24 |
|
|
|
|
|
|
Operating performance |
93.320.034,43 |
|
|
|
|
|
|
Inventories in % of operating performance |
1,79 |
|
|
|
|
|
|
Gross profit |
14.348.692,06 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered office, rented premises |
|
|
|
|
|
operational |
Hietzinger Hauptstraße 145, A-1130 Wien |
registered headquarters, rented premises |
|
|
|
vienna@waters.com |
|
Company name |
Postal code |
Stake in % |
KSV-number |
|
|
Shares in this company are held by: |
||||
|
Waters Technologies Corporation Milford |
Maple Street 34, 01757 Massachusetts, USA |
100 % 1994-08-17 |
630.602 |
|
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
main bank connection |
|
|
The Royal Bank of Scotland N.V., 1011 Wien |
19985 |
secondary banking connection |
|
|
|
|
||
|
Year of incorporation: |
1994 |
|
Date of registration: |
1994-08-05 |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2013-12-19 |
ATS 500.000,00 |
|
2013-12-19 |
|
EUR 36.336,42 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
|
1998-05-07 |
manager |
Richard Henry Payne |
|
|
1998-10-22 |
manager |
Ing.Mag. Stefan Neubauer |
|
|
2002-01-10 |
manager |
Philip Taymor |
|
2003-08-15 |
2004-05-07 |
manager |
Eugene Burns |
|
2004-05-07 |
2006-12-06 |
manager |
Richard Henry Payne |
|
1998-10-22 |
2003-08-15 |
individual signing clerk |
Eugene Burns |
|
1998-10-22 |
2004-05-07 |
individual signing clerk |
Ing. Herbert Ottner |
|
2006-12-06 |
2013-12-17 |
manager |
Michael Cornelius Harrington |
|
1998-05-07 |
2004-05-07 |
manager |
Dr. Hartmut Rabich |
|
2002-01-10 |
2008-01-22 |
manager |
John Alden Ornell |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.03 |
|
|
1 |
Rs. 101.96 |
|
Euro |
1 |
Rs. 83.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.