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Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
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Name : |
GLOCK TECHNOLOGY GMBH |
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Registered Office : |
Nelkengasse 3, A-2232 Deutsch Wagram |
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Country : |
Austria |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
24.05.2011 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Other personal services activities n.e.c. |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Austria |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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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Company name: |
Glock Technology GmbH |
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Status: |
active company |
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Locations: |
Nelkengasse 3, A-2232 Deutsch Wagram |
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Phone: |
0043 (2247) 90300 |
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Activities: |
Önace 96090 100% Other personal service activities n.e.c. |
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Probability of Default (Basel II): |
Medium high risk |
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comparison: |
The Rating of this company is worse than industry average. |
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Recommendation: |
In respect to solvency reasons, there is basically nothing to say against
an establishment of a business relationship. However, we recommend to take
additional safeguarding measures. |
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Detail Assessment: |
Overall financial situation is still average. |
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Year of incorporation: |
2011 |
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Activities: |
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Type of company: |
Other service activities |
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Legal form: |
limited liability company since 2011-05-24 |
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companies' house number: |
FN 363986 z Korneuburg 2011-06-02 |
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VAT number: |
ATU 66517058 |
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number - Austrian National Bank: |
10849718 |
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total turnover (total sales) |
2013 |
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(no figures known) |
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total employees |
2014 |
3 |
(exact) |
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firm (style): |
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1 Glock Technology GmbH |
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legal form: |
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1 Gesellschaft mit
beschränkter Haftung |
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registered
office: |
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1 politischer Gemeinde
Deutsch-Wagram |
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business adress: |
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1 Nelkengasse 3 |
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capital: |
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1 EUR 35.000 |
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reference date
annual accounts: |
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1 31. Dezember |
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annual accounts: |
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4 zum 31.12.2013
eingereicht am 16.09.2014 |
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managing director: |
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A Ing. Gaston Glock, geb.
19.07.1929 |
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shareholder: |
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C Glock Health GmbH |
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general table: |
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Landesgericht Korneuburg |
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
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Ing. Gaston Glock |
1929-07-19 |
9220 Velden Klagenfurterstraße 32a |
manager |
16 |
|
Reinhold Hirschheiter |
1947-03-24 |
9210 Pörtschach Hauptstraße 75 |
manager |
5 |
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2013-12-31 |
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Claims and other assets |
1.315,33 |
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Sum claims |
1.315,33 |
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Cash on hand, cheques and bank deposits |
50.023,33 |
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Sum cash and bank |
50.023,33 |
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Sum current assets |
51.338,66 |
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Assets |
51.338,66 |
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Subscribed/declared capital |
35.000,00 |
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Balance sheet profit/balance sheet loss |
-302.282,87 |
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Thereof profit/loss carried forward |
13.889,06 |
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Sum equity capital |
-267.282,87 |
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Reserves |
13.185,46 |
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Sum reserves |
13.185,46 |
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Liabilities |
305.436,07 |
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Sum liabilities |
305.436,07 |
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Liabilities |
51.338,66 |
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Balance sheet sum |
51.338,66 |
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2013 |
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Equity capital share |
-520,62 |
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Fixed assets coverage |
0,00 |
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Type |
Locations |
Description |
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operational |
Nelkengasse 3, A-2232 Deutsch Wagram |
registered office |
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operational |
Nelkengasse 3, A-2232 Deutsch Wagram |
registered headquarters |
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Company name |
Postal code |
Stake in % |
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Companies House |
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Shares in this company are held by: |
||||
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Glock Health, Science and Research GmbH |
Hausfeldstraße 17, A-2232 Deutsch Wagram |
100 % 2011-06-02 |
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FN 237097 y |
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Affiliated companies and further
participations: |
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Glock Gesellschaft m.b.H. |
Gaston Glockpark 1, A-9170 Ferlach |
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FN 64142 b |
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Glock Gut- und Forstverwaltung GmbH |
Gaston Glockstraße 8, A-9521 Treffen |
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FN 258571 b |
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CON Holding GmbH |
Klagenfurterstraße 32 a, A-9220 Velden |
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FN 260392 f |
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Glock Horse Performance Center GmbH |
Gaston Glockstraße 8, A-9521 Treffen |
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FN 309250 f |
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Glock Ökoenergie GmbH |
Gaston Glockstraße 8, A-9521 Treffen |
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FN 322734 i |
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Ing. Gaston Glock |
Klagenfurterstraße 32a, A-9220 Velden |
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Glock Security GmbH |
Gaston Glockstraße 8, A-9521 Treffen |
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|
FN 354343 v |
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GLOCK Shop GmbH |
Gaston Glockstraße 8, A-9521 Treffen |
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FN 386966 v |
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Glock Immobilien Management GmbH |
Gaston Glockstraße 8, A-9521 Treffen |
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|
FN 397869 b |
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Banker |
Bank sort code |
Type of banking connection |
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Kärntner Sparkasse Aktienges., 9010 Klagenfurt |
20706 |
main bank connection |
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Year of incorporation: |
2011 |
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Date of registration: |
2011-06-02 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
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|
1 |
Rs.97.10 |
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Euro |
1 |
Rs.76.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.