MIRA INFORM REPORT

Report Date :

19.11.2014

IDENTIFICATION DETAILS

Name :	LINSINGER MASCHINENBAU GESELLSCHAFT M.B.H.
Registered Office :	Dr. Linsingerstraße  23-24, A-4662 Steyrermühl
Country :	Austria
Financials (as on) :	28.02.2013
Date of Incorporation :	1986
Legal Form :	Limited Liability Company
Line of Business :	Wholesale of other machinery and equipment
No. of Employees :	240

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

Company name:	LINSINGER MASCHINENBAU GESELLSCHAFT M.B.H.
Status:	active company
Locations:	Dr. Linsingerstraße  23-24, A-4662 Steyrermühl
Phone:	0043 (7613) 8840
Fax:	0043 (7613) 8840 - 951
E-mail:	maschinenbau@linsinger.com
Internet:	https://linsinger.com
Activities:	Önace 28410 90% Manufacture of metal forming machinery
	Önace 46690 10% Wholesale of other machinery and equipment
General Assessment:	Model: CompanyScore
Probability of Default (Basel II):	0,05% Very low risk
comparison:	The 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 good.

Additional company information

Year of incorporation:	1986
Activities:
Type of company:	Manufacturing
Legal form:	limited liability company since 2012-08-01
companies' house number:	FN 383993 x Wels 2012-08-14
VAT number:	ATU 67365068
number - Austrian National Bank:	16000684
Import		Country
Import		European Union	2014

Export	Country
Export	world-wide	2014

Financial data:

total turnover (total sales)	2013	EUR  50.000.000,00	(approx.)
total turnover (total sales)	2012	EUR  50.000.000,00	(approx.)
total employees	2014	240	(average)
total investments	2012	EUR  47.885.449,93	(exact)

Extraxt from the Companies' House:

firm (style):

2 Linsinger Maschinenbau
Gesellschaft m.b.H.

legal form:

1 Gesellschaft mit beschränkter Haftung

registered office:

1 4662 Steyrermühl, politische Gemeinde Laakirchen

business adress:

1 Dr. Linsinger Straße 23-24
4662 Steyrermühl

capital:

1 EUR 500.000

reference date annual accounts:

1 letzter Tag im Februar

annual accounts:

3 zum 28.02.2013 eingereicht am 28.10.2013

power of representation:

1 Die Gesellschaft wird, wenn mehrere Geschäftsführer
bestellt sind, durch zwei Geschäftsführer gemeinsam oder
durch einen von ihnen gemeinsam mit einem Prokuristen
vertreten, sofern die Generalversammlung nicht einzelnen
Geschäftsführern Alleinvertretungsmacht einräumt.
1 Erklärung über die Errichtung der Gesellschaft 001
vom 01.08.2012
2 Generalversammlungsbeschluss vom 05.10.2012 002
Spaltung zur Aufnahme eines Vermögensteiles der
Linsinger-Maschinenbau
Gesellschaft m.b.H.
(künftig: MATE GmbH)
(FN 107313 p)
und zwar
des operativen Betriebes "Maschinenbau",
mit Ausnahme des bei der Linsinger Maschinenbau
Gesellschaft m.b.H., (künftig MATE GmbH), FN 107313 p,
verbleibenden Vermögens
gemäß Spaltungs- und Übernahmsvertrag vom 05.10.2012.
Sitz der übertragenden Gesellschaft in Steyrermühl,
politische Gemeinde Laakirchen (künftig Kirchham).
2 Generalversammlungsbeschluss vom 05.10.2012 003
Änderung der Erklärung
über die Errichtung der Gesellschaft im Punkt 1.

proxy:

C Ing. Johann Knoll, geb. 12.10.1960
1 vertritt seit 14.08.2012 selbständig

managing director:

A Ing. Friedrich Weingärtner, geb. 16.02.1956
1 vertritt seit 14.08.2012 selbständig
B Andreas Weingärtner, geb. 24.04.1960
1 vertritt seit 14.08.2012 selbständig

shareholder:

D MATE GmbH
1 .................... EUR 500.000
1 ............................................... EUR 500.000
------------------------------------------------------
Summen: EUR 500.000 EUR 500.000

general table:

Landesgericht Wels
1 eingetragen am 14.08.2012 Geschäftsfall 29 Fr 1951/12 s
Antrag auf Neueintragung einer Firma eingelangt am 08.08.2012
2 eingetragen am 15.11.2012 Geschäftsfall 29 Fr 3441/12 g
Antrag auf Änderung eingelangt am 23.10.2012
3 eingetragen am 08.11.2013 Geschäftsfall 29 Fr 3574/13 k
Elektronische Einreichung Jahresabschluss eingelangt am 28.10.2013

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.  Friedrich Weingärtner	1956-02-16	4656 Kirchham Traunsteinblick 7	manager	7
Andreas Weingärtner	1960-04-24	4656 Kirchham Traunsteinblick 9	manager	6
Ing.  Johann Knoll	1960-10-12	4861 Schörfling Attersee Erdl 5 b	individual signing clerk, head of sales, head of personnel	1
Robert Hoffmann		4662 Steyrermühl Dr. Linsingerstraße 24(c/o)	head of purchasing	0

Financial data

Balance Sheet  (absolute) all amounts in EUR 

	2013-02-28
Intangible assets	10.897,51
Sum intangible assets	10.897,51
Tangible assets	9.416.152,58
Sum tangible assets	9.416.152,58
Financial assets	19.217.519,02
Sum financial assets	19.217.519,02
Sum fixed assets	28.644.569,11
Stocks	8.755.829,11
Sum stock	8.755.829,11
Claims and other assets	23.262.356,71
Sum claims	23.262.356,71
Securities and shares	786.607,09
Sum securities and shares	786.607,09
Cash on hand, cheques and bank deposits	51.432.989,96
Sum cash and bank	51.432.989,96
Sum current assets	84.237.782,87
Deferred charges	71.539,12
Sum deferred charges	71.539,12
Assets	112.953.891,10
Subscribed/declared capital	500.000,00
Capital reserves	69.044.317,22
Profit reserves	50.000,00
Balance sheet profit/balance sheet loss	16.389.179,63
Sum equity capital	85.983.496,85
Other reserves before taxes	769.526,70
Sum reserves before taxes	769.526,70
Reserves	7.482.804,00
Sum reserves	7.482.804,00
Liabilities	18.718.063,55
Sum liabilities	18.718.063,55
Liabilities	112.953.891,10
Contingent liabilities	4.428.874,57
Balance sheet sum	112.953.891,10

Key ratios

	2013
Equity capital share	76,80
Fixed assets coverage	302,86

Locations

Type	Locations	Description
		E-mail
operational	Dr. Linsingerstraße  23-24, A-4662 Steyrermühl	registered office
operational	Dr. Linsingerstraße  23-24, A-4662 Steyrermühl	registered headquarters
		maschinenbau@linsinger.com
former	Rathausstraße  33, D-97922 Lauda Königshofen	branch office

related companies:

Company name	Postal code	Stake in %	Companies House
Shares in this company are held by:
MATE GmbH	Kirchham  29, A-4656 Kirchham	100 % 2012-08-14	FN 107313 p
Affiliated companies and further participations:
Weingärtner Maschinenbau GmbH	Kirchham  29, A-4656 Kirchham		FN 367537 x
BVG-Beteiligung- und Verwaltungs GmbH	Traunsteinblick  7, A-4656 Kirchham bei Vorchdorf		FN 370594 t
AWG Beteiligungs GmbH	Traunsteinblick  9, A-4656 Kirchham		FN 374824 m
LINMAG GmbH	Dr. Linsingerstraße  23-24, A-4662 Steyrermühl		FN 383994 y

Bankers:

Banker	Bank sort code	Type of banking connection
UniCredit Bank Austria AG, 4601 Wels	12000	main bank connection
Oberbank AG, 4010 Linz	15000	main bank connection
Raiffeisenlandesbank Oberösterreich, 4021 Linz	34000	main bank connection

Historical development:

Year of incorporation:	1986
Date of registration:	2012-08-14

Change of company name:
From	To	Company name
2012-11-15		Linsinger Maschinenbau Gesellschaft m.b.H.
	2012-11-15	Linover GmbH

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.81
UK Pound	1	Rs.96.77
Euro	1	Rs.77.09

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	SDA

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%)

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