|
Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
DMG ECOLINE GMBH |
|
|
|
|
Registered Office : |
Oberes Ried 11, A-6833 Klaus |
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|
|
|
Country : |
Austria |
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|
|
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Financials (as on) : |
31.12.2012 |
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|
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Date of Incorporation : |
19.11.2008 |
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|
|
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Legal Form : |
Limited Liability Company |
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Line of Business : |
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|
|
|
|
No. of Employees |
09 (2014) |
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 |
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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 |
|
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
|
Last up-date: |
2014-04-11 |
|
Company name: |
DMG ECOLINE GmbH |
|
Status: |
active company |
|
Locations: |
Oberes Ried 11, A-6833 Klaus |
|
Phone: |
0043 (5523) 90601 |
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Fax: |
0043 (5523) 90601 - 650 |
|
Internet: |
|
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Activities: |
Önace 46620 60% Wholesale of machine tools |
|
|
Önace 47520 40% Retail sale of hardware, paints and glass in specialised stores |
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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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|
|
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Detail Assessment: |
As a rule payments are made on time according to conditions, in some cases there have been delays and reminders. |
|
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Financial situation is average. |
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Year of incorporation: |
2008 |
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Activities: |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability company since 2008-11-03 |
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companies' house number: |
FN 319340 v Feldkirch 2008-11-19 |
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VAT number: |
ATU 64565955 |
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number - Austrian National Bank: |
8939446 |
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Import |
Country |
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||
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Import |
Asia |
|
2014 |
|
||
|
Import |
European Union |
|
2014 |
|
||
|
total turnover (total sales) |
2013 |
EUR 58.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2012 |
EUR 57.785.049,58 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 28.997.000,00 |
(approx.) |
|
total turnover (total sales) |
2010 |
EUR 27.000.000,00 |
(approx.) |
|
total employees |
2014 |
9 |
(exact) |
|
total investments |
2012 |
EUR 29.634,58 |
(exact) |
|
total company vehicles |
2014 |
5 |
(approx.) |
Extraxt from the
Companies' House:
|
firm (style): |
|
1
DMG ECOLINE GmbH |
|
legal form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered office: |
|
1
politischer Gemeinde Klaus |
|
business adress: |
|
1
Oberes Ried 11 |
|
capital: |
|
1
EUR 1.000.000 |
|
reference date annual accounts: |
|
1
31. Dezember |
|
annual accounts: |
|
8
zum 31.12.2012 eingereicht am 23.09.2013 |
|
power of representation: |
|
1
Werden zwei oder mehrere Personen zu Geschäftsführern |
|
proxy: |
|
D
Mag Hanno Nussbaumer, geb. 11.11.1968 |
|
managing director: |
|
A
Ralph Gerd Christnacht, geb. 20.01.1970 |
|
shareholder: |
|
B
DMG Europe Holding GmbH |
|
general table: |
|
Landesgericht Feldkirch |
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Real estate text: |
|
No real estate property registered |
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Surname
|
Date of birth
|
Address
|
Executive positions
|
Further executive positions (as registered in the companies' house) |
|
Ralph Gerd Christnacht |
1970-01-20 |
83623 Dietramszell Ried 2b |
manager |
0 |
|
Dr Markus Peters
|
1964-05-31
|
40489 Düsseldorf Kreuzbergstraße 74a |
manager
|
0
|
|
Mag. Hanno Nussbaumer |
1968-11-11 |
6850 Dornbirn Mozartstraße 12 |
joint signing clerk |
0 |
|
Dipl BW (FH) Sebastian Plau |
1979-11-12
|
6850 Dornbirn Hintere Achmühlerstraße 15b |
joint signing clerk
|
0
|
|
Björn Svatek |
|
6833 Klaus Oberes Ried 11(c/o) |
head of sales |
0 |
|
Christiane Berninghaus |
|
6833 Klaus Oberes Ried 11(c/o) |
head of marketing |
0 |
|
Christopher Bussemaß |
|
6833 Klaus Oberes Ried 11(c/o) |
head of personnel |
0 |
(absolute) all amounts in EUR
|
|
2012-12-31 |
|
Patents and licenses |
1.974,00 |
|
Sum intangible assets |
1.974,00 |
|
Other operating and business equipment |
61.340,00 |
|
Sum tangible assets |
61.340,00 |
|
Sum fixed assets |
63.314,00 |
|
Finished products |
13.918.678,73 |
|
Advanced payments |
4.199.863,04 |
|
Sum stock |
18.118.541,77 |
|
Claims from delivered goods and performed services |
3.373.891,66 |
|
Claims against related firmes Claims against companies with shareholding relationship |
4.591.941,92 |
|
Special account claims |
1.079.040,92 |
|
Sum claims |
9.044.874,50 |
|
Cash on hand, cheques and bank deposits |
860.020,39 |
|
Sum cash and bank |
860.020,39 |
|
Sum current assets |
28.023.436,66 |
|
Deferred charges |
677,25 |
|
Sum deferred charges |
677,25 |
|
Assets |
28.087.427,91 |
|
Subscribed/declared capital |
1.000.000,00 |
|
Capital reserves |
3.800.000,00 |
|
Balance sheet profit/balance sheet loss |
-1.478.917,04 |
|
Thereof profit/loss carried forward |
-1.943.753,87 |
|
Sum equity capital |
3.321.082,96 |
|
Reserves |
1.012.630,97 |
|
Sum reserves |
1.012.630,97 |
|
Received advanced payments for orders |
8.295.531,67 |
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Liabilities from delivered goods and performed services |
2.268.554,88 |
|
Liabilities against related firms |
13.143.137,30 |
|
Other liabilities |
46.490,13 |
|
Sum liabilities |
23.753.713,98 |
|
Liabilities |
28.087.427,91 |
|
Balance sheet sum |
28.087.427,91 |
(absolute) all amounts in EUR
|
|
2012-12-31 |
|
Gross sales |
57.785.049,58 |
|
Total turnover or gross profit |
57.785.049,58 |
|
Other operating profits |
565.107,82 |
|
Other operating profits totally |
565.107,82 |
|
Material costs |
-49.811.146,65 |
|
Costs for obtained services totally |
-49.811.146,65 |
|
Salaries |
-1.667.721,42 |
|
Costs for severance pays |
-17.711,81 |
|
Legal fringe benefits and other payments depending on salaries |
-241.713,30 |
|
Other social fringe benefits |
-16.048,82 |
|
Personnel expenses totally |
-1.943.195,35 |
|
Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation |
-77.598,58 |
|
Depreciation tangible assets / intangible assets totally |
-77.598,58 |
|
Other operating costs |
-5.947.455,22 |
|
Total costs |
-5.947.455,22 |
|
Operating result totally |
570.761,60 |
|
Interest income, securties income and similar income |
2.322,24 |
|
Interest and similar disbursements |
-106.497,01 |
|
Financial profits totally |
-104.174,77 |
|
Results from usual business activity totally |
466.586,83 |
|
Taxes on income and profits |
-1.750,00 |
|
Taxes on income and profits totally |
-1.750,00 |
|
Annual surplus/annual deficit totally |
464.836,83 |
|
Annual profit/annual loss totally |
464.836,83 |
|
Profit and loss carried forward from previous year |
-1.943.753,87 |
|
Transfer of profits totally |
-1.943.753,87 |
|
B/S profit/ B/S loss from profit and loss account |
-1.478.917,04 |
|
|
2012 |
|
Cash flow II |
542.435,41 |
|
Debt amortisation period |
28,77 |
|
Bank indebtedness |
0,00 |
|
Equity capital share |
16,78 |
|
Social capital share |
0,00 |
|
Fixed assets coverage |
5.245,41 |
|
Net profit ratio |
0,80 |
|
Capital turnover |
2,05 |
|
Return on investment |
2,04 |
|
Cash flow in % of operating performance |
0,93 |
|
Cash flow I |
544.185,41 |
|
Gross productivity |
29,73 |
|
Net productivity |
4,10 |
|
Operating performance |
57.785.049,58 |
|
Inventories in % of operating performance |
31,35 |
|
Gross profit |
7.973.902,93 |
|
Type |
Locations |
Description |
|
|
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|
|
operational |
Oberes Ried 11, A-6833 Klaus |
registered headquarters, rented premises |
|
|
|
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|
operational |
Oberes Ried 11, A-6833 Klaus |
registered office |
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Company name
|
Postal code
|
Stake in %
|
|
Companies House
|
|
Shares in this company are held by: |
||||
|
Cellstrom GmbH
|
Oberes Ried 11, A-6833 Klaus |
100 % 2008-11-19
|
|
FN 236629 i
|
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Banker |
Bank sort code |
Type of banking connection |
|
Deutsche Bank Aktienges., 1013 Wien
|
19100
|
main bank connection
|
|
Year of incorporation: |
2008 |
|
Date of registration: |
2008-11-19 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.