|
Report Date : |
14.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
MIBA FRICTEC GMBH |
|
|
|
|
Registered Office : |
Peter Mitterbauerstraße 1, A-4661 Roitham |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.01.2013 |
|
|
|
|
Date of Incorporation : |
1995 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of other parts and accessories for motor vehicles |
|
|
|
|
No. of Employees : |
330 (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 – 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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
|
|
|
|
Last up-date: |
2014-05-13 |
|
Company name: |
MIBA FRICTEC GMBH |
|
Status: |
active company |
|
Locations: |
Peter Mitterbauerstraße 1, A-4661 Roitham |
|
Phone: |
0043 (7613) 9020 |
|
Fax: |
0043 (7613) 9020 - 4190 |
|
E-mail: |
frictiongroup@miba.com |
|
Internet: |
http://www.miba.com |
|
Activities: |
Önace 29320 100% Manufacture of other parts and accessories for motor
vehicles |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel II): |
0,05% 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. |
|
|
|
|||||
|
|
|
|||||
|
Year of incorporation: |
1995 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company since 1995-10-16 |
|
||||
|
companies' house number: |
FN 138519 f Wels 1995-10-20 |
|
||||
|
Trade names: |
frictiongroup |
|
||||
|
ARA-number: |
5695 |
|
||||
|
VAT number: |
ATU 47550500 |
|
||||
|
number - Austrian National Bank: |
2628384 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
world-wide |
|
2014 |
|
||
|
|
||||
|
Export |
Country |
|
|
|
|
Export |
world-wide |
|
2014 |
|
|
total turnover (total sales) |
2013 |
EUR 78.100.000,00 |
(approx.) |
|
total turnover (total sales) |
2012 |
EUR 78.089.189,80 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 71.314.897,78 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 52.177.576,73 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 39.344.766,39 |
(exact) |
|
turnover (sales) - including subsidiaries |
2012 |
EUR 136.100.000,00 |
(exact) |
|
turnover (sales) - including subsidiaries |
2011 |
EUR 124.100.000,00 |
(exact) |
|
turnover (sales) - including subsidiaries |
2010 |
EUR 74.900.000,00 |
(exact) |
|
turnover (sales) - including subsidiaries |
2009 |
EUR 51.100.000,00 |
(exact) |
|
total employees |
2014 |
330 |
(approx.) |
|
total stock |
2014 |
EUR 8.000.000,00 |
(average) |
|
total investments |
2012 |
EUR 1.154.716,38 |
(exact) |
|
total company vehicles |
2014 |
15 |
(approx.) |
|
leasing vehicles |
2014 |
15 |
(approx.) |
|
firm (style): |
|
18 Miba Frictec GmbH |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde
Laakirchen |
|
business adress: |
|
1 Dr.-Mitterbauer-Straße 3 |
|
capital: |
|
17 EUR 40.000 |
|
reference date
annual accounts: |
|
1 31. Jänner |
|
annual accounts: |
|
42 zum 31.01.2013
eingereicht am 10.07.2013 |
|
power of
representation: |
|
1 Die Gesellschaft wird,
wenn mehrere Geschäftsführer |
|
proxy: |
|
H Ing. Walter Heher, geb.
06.08.1953 |
|
managing
director: |
|
T Dipl.-Ing. (FH) Torsten
Endres, geb. 15.04.1963 |
|
shareholder: |
|
S Miba Friction Holding GmbH |
|
general table: |
|
Landesgericht Wels |
|
Real estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Dipl.-Ing.(FH) Torsten Endres |
1963-04-15 |
4810 Gmunden Schlagenstraße 16 |
manager |
0 |
|
Ing. Walter Heher |
1953-08-06 |
4710 Grieskirchen Waldstraße 13 |
joint signing clerk |
0 |
|
MMag. Markus Hofer |
1971-09-26 |
5310 St. Lorenz Wagnermühle 59 |
joint signing clerk |
16 |
|
Dipl-Ing. Falk Nickel |
1970-02-27 |
4810 Gmunden Theresienthalstraße 52 |
joint signing clerk |
1 |
|
Mag. Bernhard Reisner |
1973-07-09 |
4641 Steinhaus Wels Hauptstraße 56 |
joint signing clerk |
11 |
|
Ing. Friedrich Pesendorfer |
1962-07-10 |
4814 Neukirchen Dambach 3 |
head of purchasing |
0 |
|
Johann Helmer |
|
4663 Laakirchen Dr. Mitterbauerstraße 3(c/o) |
head of EDP |
0 |
|
Dipl-Ing.Dr. Klaus Dieter Löcker |
1960-03-25 |
4813 Altmünster Leisterstraße 58 |
technical director |
1 |
(absolute) all amounts in EUR
|
|
2013-01-31 |
|
|
|
|
|
Other intangible assets |
2.211.105,00 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
470.148,00 |
|
|
|
|
|
Sum intangible assets |
2.681.253,00 |
|
|
|
|
|
|
|||||
|
Land without buildings |
748.240,00 |
|
|
|
|
|
Other operating and business equipment |
468.812,00 |
|
|
|
|
|
Technical plants and machines |
9.211.541,00 |
|
|
|
|
|
Advanced payments and constructions in progress |
332.052,10 |
|
|
|
|
|
Sum tangible assets |
10.760.645,10 |
|
|
|
|
|
|
|||||
|
Shares on related firms |
14.669,75 |
|
|
|
|
|
Sum financial assets |
14.669,75 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
13.456.567,85 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and supplies |
2.415.519,18 |
|
|
|
|
|
Unfinished products |
2.634.543,90 |
|
|
|
|
|
Finished products |
2.845.119,81 |
|
|
|
|
|
Sum stock |
7.895.182,89 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
11.716.277,89 |
|
|
|
|
|
Claims against related firmes Claims against companies with
shareholding relationship |
12.541.649,49 |
|
|
|
|
|
Special account claims |
3.098.374,55 |
|
|
|
|
|
Sum claims |
27.356.301,93 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
3.825.943,12 |
|
|
|
|
|
Sum cash and bank |
3.825.943,12 |
|
|
|
|
|
|
|||||
|
Sum current assets |
39.077.427,94 |
|
|
|
|
|
|
|||||
|
Deferred charges |
4.599,04 |
|
|
|
|
|
Sum deferred charges |
4.599,04 |
|
|
|
|
|
Assets |
52.538.594,83 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
40.000,00 |
|
|
|
|
|
Capital reserves |
8.700.000,00 |
|
|
|
|
|
Legal reserves |
4.000,00 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
4.961.094,76 |
|
|
|
|
|
Thereof profit/loss carried forward |
1.142.602,73 |
|
|
|
|
|
Sum equity capital |
13.705.094,76 |
|
|
|
|
|
|
|||||
|
Valuation reserves and other reserves before taxes |
448.356,48 |
|
|
|
|
|
Sum reserves before taxes |
448.356,48 |
|
|
|
|
|
|
|||||
|
Investment contributions |
39.714,00 |
|
|
|
|
|
Sum floor capital |
39.714,00 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
2.760.754,00 |
|
|
|
|
|
Other reserves |
4.064.641,78 |
|
|
|
|
|
Sum reserves |
6.825.395,78 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
9.910.433,38 |
|
|
|
|
|
Liabilities from delivered goods and performed services |
3.599.658,61 |
|
|
|
|
|
Liabilities against related firms |
16.655.858,19 |
|
|
|
|
|
Other liabilities |
1.354.083,63 |
|
|
|
|
|
Sum liabilities |
31.520.033,81 |
|
|
|
|
|
|
|||||
|
Liabilities |
52.538.594,83 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
52.538.594,83 |
|
|
|
|
(absolute) all amounts in EUR
|
|
2013-01-31 |
|
|
|
|
|
Gross sales |
78.089.189,80 |
|
|
|
|
|
Increase or decrease in finished and unfinished goods and in service
claims |
-277.699,20 |
|
|
|
|
|
Other manufacturing costs capitalized |
16.002,17 |
|
|
|
|
|
Total turnover or gross profit |
77.827.492,77 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial assets |
834,17 |
|
|
|
|
|
Income from dissolution of reserves |
68.445,87 |
|
|
|
|
|
Other operating profits |
2.299.048,56 |
|
|
|
|
|
Other operating profits totally |
2.368.328,60 |
|
|
|
|
|
|
|||||
|
Costs for obtained services |
-4.429.875,96 |
|
|
|
|
|
Material costs |
-37.697.769,93 |
|
|
|
|
|
Costs for obtained services totally |
-42.127.645,89 |
|
|
|
|
|
|
|||||
|
Wages |
-8.693.597,85 |
|
|
|
|
|
Salaries |
-5.505.939,33 |
|
|
|
|
|
Costs for severance pays |
-915.533,98 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-3.899.579,74 |
|
|
|
|
|
Other social fringe benefits |
-119.172,12 |
|
|
|
|
|
Personnel expenses totally |
-19.133.823,02 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-2.485.903,52 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-2.485.903,52 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-11.090.556,84 |
|
|
|
|
|
Other taxes |
-36.407,93 |
|
|
|
|
|
Total costs |
-11.126.964,77 |
|
|
|
|
|
|
|||||
|
Operating result totally |
5.321.484,17 |
|
|
|
|
|
|
|||||
|
Interest income, securties income and similar income |
391.636,06 |
|
|
|
|
|
Interest and similar disbursements |
-601.833,14 |
|
|
|
|
|
Financial profits totally |
-210.197,08 |
|
|
|
|
|
|
|||||
|
Results from usual business activity totally |
5.111.287,09 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-1.292.876,00 |
|
|
|
|
|
Taxes on income and profits totally |
-1.292.876,00 |
|
|
|
|
|
Annual surplus/annual deficit totally |
3.818.411,09 |
|
|
|
|
|
|
|||||
|
Dissolution reserves before taxes |
80,94 |
|
|
|
|
|
Reserves movements totally |
80,94 |
|
|
|
|
|
Annual profit/annual loss totally |
3.818.492,03 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
1.142.602,73 |
|
|
|
|
|
Transfer of profits totally |
1.142.602,73 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
4.961.094,76 |
|
|
|
|
|
|
2013 |
|
|
|
|
|
|
Cash flow II |
6.304.314,61 |
|
|
|
|
|
|
Debt amortisation period |
5,47 |
|
|
|
|
|
|
Bank indebtedness |
18,86 |
|
|
|
|
|
|
Equity capital share |
27,01 |
|
|
|
|
|
|
Social capital share |
5,25 |
|
|
|
|
|
|
Fixed assets coverage |
125,98 |
|
|
|
|
|
|
Net profit ratio |
6,56 |
|
|
|
|
|
|
Capital turnover |
1,48 |
|
|
|
|
|
|
Return on investment |
10,87 |
|
|
|
|
|
|
Cash flow in % of operating performance |
8,10 |
|
|
|
|
|
|
Cash flow I |
7.597.190,61 |
|
|
|
|
|
|
Gross productivity |
4,06 |
|
|
|
|
|
|
Net productivity |
1,86 |
|
|
|
|
|
|
Operating performance |
77.827.492,77 |
|
|
|
|
|
|
Inventories in % of operating performance |
10,14 |
|
|
|
|
|
|
Gross profit |
35.699.846,88 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Dr.-Mitterbauer-Straße 3, A-4663 Laakirchen |
registered office |
|
|
|
|
|
operational |
Peter Mitterbauerstraße 1, A-4661 Roitham, (seit Mitte November
2003) |
registered headquarters, rented premises |
|
|
|
frictiongroup@miba.com |
|
operational |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
group headquarters, rented premises |
|
|
|
|
|
former |
Dr. Mitterbauerstraße 1, A-4655 Vorchdorf |
registered headquarters |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
|
Companies House |
|
Shares in this company are held by: |
||||
|
Miba Friction Holding GmbH |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
100 % 2008-01-11 |
|
FN 300567 k |
|
|
||||
|
Affiliated companies and further participations: |
||||
|
Mitterbauer Beteiligungs - Aktiengesellschaft |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 105810 d |
|
Miba Automation Systems Ges.m.b.H. |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 109139 z |
|
Miba Gleitlager GmbH |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 104741 g |
|
Miba Kantinen GmbH |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 104315 f |
|
Miba Aktiengesellschaft |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 107386 x |
|
Miba Sinter Austria GmbH |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 109299 i |
|
Miba Sinter Holding GmbH & Co KG |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 254779 a |
|
High Tech Coatings GmbH |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 262064 p |
|
Miba China Holding GmbH |
Dr. Mitterbauerstraße 3, A-4663 Laakirchen |
|
|
FN 264506 f |
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank Austria AG, 4021 Linz/Donau |
11000 |
main bank connection |
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
main bank connection |
|
Oberbank AG, 4663 Laakirchen |
15000 |
secondary banking connection |
|
Year of incorporation: |
1995 |
|
Date of registration: |
1995-10-20 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
|
2002-10-14 |
Miba Frictec GmbH. |
|
2002-10-14 |
|
Miba Frictec GmbH |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2002-06-25 |
ATS 500.000,00 |
|
2002-06-25 |
|
EUR 40.000,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
2000-05-20 |
2002-05-08 |
joint signing clerk |
Mag. Kurt König |
|
2004-11-30 |
2005-11-09 |
joint signing clerk |
Dr. Gabriele Moser |
|
2000-04-19 |
2007-10-19 |
joint signing clerk |
Ing. Friedrich Pesendorfer |
|
2002-10-12 |
2007-10-19 |
joint signing clerk |
Mag. Christoph Sandner |
|
1997-01-16 |
2008-02-23 |
joint signing clerk |
Siegfried Dapoz |
|
1999-09-25 |
2010-08-24 |
joint signing clerk |
Ing. Alfons Mairhofer |
|
2007-07-04 |
2011-09-14 |
joint signing clerk |
Mag. Hannes Moser |
|
|
1997-01-16 |
manager |
Siegfried Dapoz |
|
1997-01-16 |
1998-03-13 |
manager |
Bernd Werkhausen |
|
1998-03-13 |
2008-01-11 |
manager |
Ing. Alfred Hörtenhuber |
|
1997-01-16 |
2008-01-11 |
manager |
Dipl-Ing.Dr. Klaus Dieter Löcker |
|
2008-01-11 |
2012-05-19 |
manager |
Dipl-Ing. Bernhard Dichtl |
|
1999-09-25 |
2000-04-19 |
joint signing clerk |
Ing. Herbert Grohmann |
|
1999-09-25 |
2000-05-09 |
joint signing clerk |
Mag. Michael Schütze |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1995-11-03 |
1998-12-15 |
partner |
Miba Gleitlager GmbH |
|
1998-12-15 |
2008-01-11 |
partner |
Miba Aktiengesellschaft |
|
Former shareholdings: |
||
|
From |
To |
Name |
|
2001-11-21 |
2008-01-19 |
Miba Frictec Beteiligungs- GmbH |
|
1997-01-23 |
1999-09-16 |
Miba Frictec GmbH & Co.KG. |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2000-12-04 |
merged with |
Miba Frictec GmbH & Co.KG. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.88 |
|
|
1 |
Rs.100.98 |
|
Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.