MIRA INFORM REPORT

 

 

Report Date :

17.11.2014

 

IDENTIFICATION DETAILS

 

Name :

MHMS MECHATRONIC SOLUTIONS KG

 

 

Registered Office :

Kapellenweg  30, A-6330 Ebbs Eichelwang

 

 

Country :

Austria

 

 

Date of Incorporation :

2010

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Manufacture of machinery for textile, apparel and leather production

 

 

No of Employees :

9

 

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Austria

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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.

 

Source : CIA


Basic company information

 

Last up-date:

2014-11-11

Company name:

MHMS MECHATRONIC SOLUTIONS KG

Status:

active company

Locations:

Kapellenweg  30, A-6330 Ebbs Eichelwang

Phone:

0043 (5372) 64350

Fax:

0043 (5372) 62820

E-mail:

office@mhms.at

Internet:

http://www.mhms.at

Activities:

Önace 28940 90% Manufacture of machinery for textile, apparel and leather production

 

Önace 33120 10% Repair of machinery

 

General Assessment:

Model: CompanyScore

Probability of Default (Basel II):

0,22%

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:

Payments are sometimes made using cash discounts or according to conditions.

 

Financial situation is satisfactory.

 

Additional company information

 

Year of incorporation:

2010

Activities:

 

Type of company:

Manufacturing

Legal form:

limited liability partnership since 2010-08-16

companies' house number:

FN 350363 s Innsbruck 2010-08-24

VAT number:

ATU 65924422

number - Austrian National Bank:

10029800

 

Financial data

 

total turnover (total sales)

2013

EUR  3.100.000,00

(estimated)

total turnover (total sales)

2012

EUR  1.045.000,00

(approx.)

total turnover (total sales)

2011

EUR  790.000,00

(approx.)

total employees

2014

9

(approx.)

part-time employees

2014

1

(approx.)

 


Extraxt from the Companies' House

 

firm (style):

    1      MHMS Mechatronic Solutions KG

legal form:

    1      Kommanditgesellschaft

registered office:

    1      politischer Gemeinde Kufstein

business adress:

    1      Kapellenweg 30
           6330 Kufstein

general partner:

         A   Ing. Markus Hauser, geb. 05.12.1972
    1        vertritt seit 24.08.2010 selbständig

limited partner:

         C   Anna Hauser, geb. 01.05.1948
    2        .................................................    EUR 3.000

general table:

 Landesgericht Innsbruck
   1 eingetragen am 24.08.2010                  Geschäftsfall  62 Fr  1785/10 a
       Antrag auf Neueintragung einer Firma  eingelangt am 17.08.2010
   2 eingetragen am 25.08.2012                  Geschäftsfall  62 Fr  2457/12 g
       Antrag auf Änderung  eingelangt am 16.08.2012

 

 

Real estate

 

Real estate text:

No real estate property registered

 

 

Private data

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

Further executive positions (as registered in the companies' house)

Ing.  Markus Hauser

1972-12-05 

6330 Kufstein Kaiserbach 24d

general partner

2

Anna Hauser

1948-05-01 

6344 Walchsee Durchholzen 1

limited partner

0

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Kapellenweg  30, A-6330 Kufstein

registered office 

 

 

 

operational 

Kapellenweg  30, A-6330 Ebbs Eichelwang

registered headquarters, rented premises 

 

 

office@mhms.at

 

related companies

 

Company name

 

Postal code

 

 

KSV-number

Companies House

 

 

Affiliated companies and further participations:

Ing. Markus Hauser

 

Kapellenweg  30, A-6330 Ebbs Eichelwang

 

 

1.819.072

 

 

MHMS Mechatronic Solutions GmbH

Kapellenweg  30, A-6330 Kufstein

 

 

7.279.460

 

FN 414058 i

 

 

Bankers

 

 

 

 

Banker

Bank sort code

Type of banking connection

Volksbank Kufstein, 6332 Kufstein

 

43770

 

main bank connection

 

 

Historical development

 

Year of incorporation:

2010

Date of registration:

2010-08-24

 

 

 

Former shareholders:

From

To

Function

Name

  2010-08-24

  2012-08-25

limited partner 

Angela Kuen 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.65

UK Pound

1

Rs.96.54

Euro

1

Rs.76.70

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 


 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.