MIRA INFORM REPORT

Report Date :

24.11.2014

IDENTIFICATION DETAILS

Name :	J. ZIMMER MASCHINENBAU GESELLSCHAFT M.B.H
Registered Office :	Ebentalerstraße  133, A-9020 Klagenfurt
Country :	Austria
Financials (as on) :	31.12.2013
Date of Incorporation :	1960
Legal Form :	Limited Liability Company
Line of Business :	Manufacture of machinery for textile, apparel and leather production
No. of Employees :	146

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
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

Company name and address

Company name:	J. ZIMMER MASCHINENBAU GESELLSCHAFT M.B.H.
Status:	active company
Locations:	Ebentalerstraße  133, A-9020 Klagenfurt
Phone:	0043 (463) 3848
Fax:	0043 (463) 319203
E-mail:	sales@zimmer-austria.com
Internet:	http://www.zimmer-austria.com
Activities:	Önace 28940 100% Manufacture of machinery for textile, apparel and leather production
General Assessment:	Model: CompanyScore
Detail Assessment:	Payments are sometimes made using cash discounts or according to conditions.
	Financial situation is average.

Additional company information

Year of incorporation:	1960
Activities:
Type of company:	Manufacturing
Legal form:	limited liability company since 1989-09-13
companies' house number:	FN 92181 k Klagenfurt 1989-10-09
VAT number:	ATU 25267804
number - Austrian National Bank:	1338145
Import		Country
Import		France	2014
Import		Germany	2014
Import		Italy	2014
Import		Switzerland	2014

Export	Country
Export	world-wide	2014

Financial data:

total turnover (total sales)	2013	EUR  24.030.000,00	(approx.)
total turnover (total sales)	2012	EUR  17.690.791,89	(exact)
total turnover (total sales)	2011	EUR  16.432.404,09	(exact)
total turnover (total sales)	2010	EUR  18.335.206,55	(exact)
total turnover (total sales)	2009	EUR  16.445.335,92	(exact)
total employees	2014	146	(approx.)
white collar workers	2014	80	(approx.)
blue collar workers	2014	66	(approx.)
total investments	2013	EUR  257.675,02	(exact)
total company vehicles	2014	12	(approx.)
cars	2014	10	(approx.)
lorries up to 3.5t	2014	1	(approx.)
lorries more than 3.5t	2014	1	(approx.)

Extraxt from the Companies' House

firm (style):

1 J. Zimmer Maschinenbau
Gesellschaft m.b.H.

legal form:

1 Gesellschaft mit beschränkter Haftung

registered office:

1 Klagenfurt, politische Gemeinde Klagenfurt am Wörthersee

business adress:

1 Ebentaler Str. 133
9020 Klagenfurt

capital:

21 EUR 3.000.000

reference date annual accounts:

1 31. Dezember

annual accounts:

42 zum 31.12.2013 eingereicht am 31.07.2014

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.
Mit Gesellschafterbeschluß kann die Vertretungsbefugnis
auch anders geregelt werden.
1 Gesellschaftsvertrag vom 13.09.1989 001
1 Generalversammlungsbeschluss vom 09.01.1990 002
Änderung des Gesellschaftsvertrages in Pkt Erstens.
1 Generalversammlungsbeschluss vom 20.12.1990 003
Kapitalerhöhung um ATS 37.000.000,--
Änderung des Gesellschaftsvertrages im Punkt Zweitens,
Viertens u. Sechstens.
19 Gesellschaftsvertrag mit Generalversammlungsbeschluss 004
vom 30.08.2005
gemäß 1. Euro-JuBeG angepasst.
Änderung des Gesellschaftsvertrages in Punkt "Viertens"
21 Generalversammlungsbeschluss vom 30.08.2005 005
Kapitalerhöhung um EUR 274.768,72
Änderung des Gesellschaftsvertrages im Punkt "Viertens"
21 Einbringungsvertrag vom 30.08.2005 006
Einbringung einer stillen Beteiligung
an der J. Zimmer Maschinenbau GmbH (FN 92181 k) der
Johannes Zimmer Beteiligungs- und Verwaltungs GmbH
(FN 97933 w)

proxy:

D Peter Gugl, geb. 30.12.1949
30 vertritt seit 13.10.2008 gemeinsam mit
einem Geschäftsführer oder einem weiteren Prokuristen
F Annemarie Kern, geb. 12.09.1953
5 vertritt seit 16.02.2000 gemeinsam mit
einem Geschäftsführer oder einem weiteren Prokuristen
M Hermann Leeb, geb. 19.05.1957
12 vertritt seit 02.07.2002 gemeinsam mit
einem Geschäftsführer oder einem weiteren Prokuristen
R Horst Ros, geb. 15.09.1965
30 vertritt seit 13.10.2008 gemeinsam mit
einem Geschäftsführer oder einem weiteren Prokuristen
T Angelika Kraeuth, geb. 09.04.1961
37 vertritt seit 12.01.2011 gemeinsam mit
einem Geschäftsführer oder einem weiteren Prokuristen
U Ernst Eiper, geb. 06.10.1951
38 vertritt seit 01.02.2011 gemeinsam mit
einem Geschäftsführer oder einem weiteren Prokuristen

managing director:

A Johannes Zimmer, geb. 20.09.1930
31 vertritt seit 23.10.2008 selbständig
I Jürgen Scheriau, geb. 02.10.1966
33 vertritt seit 23.12.2009 selbständig

shareholder:

B Johannes Zimmer Beteiligungs- und
Verwaltungs GmbH
21 .................. EUR 3.000.000
21 ............................................. EUR 3.000.000
------------------------------------------------------
Summen: EUR 3.000.000 EUR 3.000.000

general table:

Landesgericht Klagenfurt
1 Ersterfassung abgeschlossen am 21.04.1994 Geschäftsfall 907 Fr 106/94 z
Ersterfassung gem. Art. XXIII Abs. 4 FBG
2 eingetragen am 12.12.1995 Geschäftsfall 5 Fr 3663/95 g
amtswegige Nachbearbeitung
4 eingetragen am 15.01.2000 Geschäftsfall 5 Fr 85/00 g
Antrag auf Änderung eingelangt am 07.01.2000
5 eingetragen am 02.03.2000 Geschäftsfall 5 Fr 1055/00 h
Antrag auf Änderung eingelangt am 24.02.2000
6 eingetragen am 04.10.2000 Geschäftsfall 5 Fr 6119/00 f
Antrag auf Änderung eingelangt am 29.09.2000
12 eingetragen am 02.07.2002 Geschäftsfall 5 Fr 4313/02 t
Antrag auf Änderung eingelangt am 26.06.2002
19 eingetragen am 01.11.2005 Geschäftsfall 5 Fr 8330/05 a
Antrag auf Änderung eingelangt am 20.09.2005
21 eingetragen am 03.12.2005 Geschäftsfall 5 Fr 8331/05 b
Antrag auf Änderung eingelangt am 20.09.2005
30 eingetragen am 16.10.2008 Geschäftsfall 5 Fr 10686/08 t
Antrag auf Änderung eingelangt am 13.10.2008
31 eingetragen am 31.10.2008 Geschäftsfall 5 Fr 11114/08 x
Antrag auf Änderung eingelangt am 27.10.2008
33 eingetragen am 27.01.2010 Geschäftsfall 5 Fr 579/10 x
Antrag auf Änderung eingelangt am 19.01.2010
37 eingetragen am 25.01.2011 Geschäftsfall 5 Fr 624/11 x
Antrag auf Änderung eingelangt am 20.01.2011
38 eingetragen am 08.03.2011 Geschäftsfall 5 Fr 1781/11 y
Antrag auf Änderung eingelangt am 01.03.2011
42 eingetragen am 06.08.2014
Elektronische Einreichung Jahresabschluss eingelangt am 31.07.2014

Real estate

Real estate KSV text:

No real estate property registered

Private data

Surname	Date of birth	Address	Executive positions	Further executive positions (as registered in the companies' house)
Jürgen Scheriau	1966-10-02	9210 Pörtschach Kirchenweg 1	manager	0
Johannes Zimmer	1930-09-20	9020 Klagenfurt Ebentalerstraße 133	manager	3
Ernst Eiper	1951-10-06	9112 Griffen Griffen 133	joint signing clerk	0
Peter Gugl	1949-12-30	9020 Klagenfurt Kreuzbichlweg 4	joint signing clerk	0
Annemarie Kern	1953-09-12	9122 St. Kanzian Seenstraße 53	joint signing clerk	0
Angelika Kraeuth	1961-04-09	9064 Pischeldorf Pischeldorf 159	joint signing clerk	0
Hermann Leeb	1957-05-19	9020 Klagenfurt Ferdinand Porschestraße 40	joint signing clerk	0
Horst Ros	1965-09-15	9400 Wolfsberg Ziegelweg 3	joint signing clerk	1

Balance Sheet 

(absolute) all amounts in EUR 

	2013-12-31
Intangible assets	104.006,41
Sum intangible assets	104.006,41
Land and leasehold rights with buildings thereon including building on land owned by third parties	0,14
Other operating and business equipment	167.563,35
Technical plants and machines	248.327,51
Sum tangible assets	415.891,00
Financial assets	159.126,92
Sum financial assets	159.126,92
Sum fixed assets	679.024,33
Stocks	3.800.237,35
Sum stock	3.800.237,35
Claims against related firmes Claims against companies with shareholding relationship	85.744,46
Special account claims	3.988.206,74
Sum claims	4.073.951,20
Securities and shares	4.146.940,91
Sum securities and shares	4.146.940,91
Cash on hand, cheques and bank deposits	3.783.368,31
Sum cash and bank	3.783.368,31
Sum current assets	15.804.497,77
Deferred charges	49.752,23
Sum deferred charges	49.752,23
Assets	16.533.274,33
Subscribed/declared capital	3.000.000,00
Capital reserves	629.415,99
Profit reserves	272.523,13
Balance sheet profit/balance sheet loss	281.400,87
Thereof profit/loss carried forward	-1.882.586,21
Sum equity capital	4.183.339,99
Other reserves before taxes	9.592,69
Sum reserves before taxes	9.592,69
Reserves for severance pays	2.174.290,11
Reserves for pensions	18.021,00
Other reserves	2.370.270,57
Sum reserves	4.562.581,68
Liabilities against credit institutes	2.586.043,47
Liabilities against related firms	2.639.106,60
Other liabilities	2.552.609,90
Sum liabilities	7.777.759,97
Liabilities	16.533.274,33
Balance sheet sum	16.533.274,33

P / L Account 

(absolute) all amounts in EUR 

	2013-12-31
Gross profit	13.019.700,61
Total turnover or gross profit	13.019.700,61
Profits from retirement of fixed assets, except financial assets	545,59
Income from dissolution of reserves	814,70
Other operating profits	261.439,37
Other operating profits totally	262.799,66
Wages	-1.286.875,39
Salaries	-4.965.781,21
Costs for severance pays	-311.146,98
Costs for old age pension	-28.111,91
Legal fringe benefits and other payments depending on salaries	-1.548.067,25
Other social fringe benefits	-6.190,91
Personnel expenses totally	-8.146.173,65
Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation	-217.066,21
Depreciation tangible assets / intangible assets totally	-217.066,21
Other operating costs	-2.858.843,41
Other taxes	-13.854,03
Total costs	-2.872.697,44
Operating result totally	2.046.562,97
Income from other securities and loans of financial assets	112.244,83
Profits from the retirement of and investment in financial assets and securities of current assets	57.231,00
Interest income, securties income and similar income	66.748,56
Disbursements from other financial assets and from securities of current assets (e.g. depreciations)	-45.999,76
Interest and similar disbursements	-74.936,89
Financial profits totally	115.287,74
Results from usual business activity totally	2.161.850,71
Annual surplus/annual deficit totally	2.161.850,71
Dissolution reserves before taxes	2.136,37
Reserves movements totally	2.136,37
Annual profit/annual loss totally	2.163.987,08
Profit and loss carried forward from previous year	-1.882.586,21
Transfer of profits totally	-1.882.586,21
B/S profit/ B/S loss from profit and loss account	281.400,87

Key ratios

	2013
Cash flow II	2.378.916,92
Debt amortisation period	1,85
Bank indebtedness	15,64
Equity capital share	25,36
Social capital share	13,25
Fixed assets coverage	940,35
Net profit ratio	0,00
Capital turnover	0,00
Return on investment	13,52
Cash flow in % of operating performance	0,00
Cash flow I	2.378.916,92
Gross productivity	0,00
Net productivity	0,00
Operating performance	0,00
Inventories in % of operating performance	0,00
Gross profit	13.019.700,61

Locations

Type	Locations	Description
		E-mail
operational	Ebentalerstraße  133, A-9020 Klagenfurt	registered office
operational	Ebentalerstraße  133, A-9020 Klagenfurt	registered headquarters, rented premises
		sales@zimmer-austria.com
former	Flatschacherstraße  13, A-9020 Klagenfurt	branch agency
former	Mittlern  97, A-9125 Kühnsdorf	factory

related companies

Company name	Postal code	Stake in %	KSV-number	Companies House
Shares in this company are held by:
Johannes Zimmer Beteiligungs- und Verwaltungs GmbH	Gutensteinerstraße  13, A-9020 Klagenfurt	100 % 1994-04-21	121.388	FN 97933 w
Affiliated companies and further participations:
ROS Realitäten Vermittlung OG	Kaiserstraße  14/9, A-1070 Wien		902.448	FN 161578 s
J. Zimmer Maschinenbau Gesellschaft m.b.H.	Eibergstraße  2-8, A-6330 Kufstein		65.243	FN 44942 t

Bankers

Banker	Bank sort code	Type of banking connection
UniCredit Bank Austria AG, 9010 Klagenfurt	12000	main bank connection
BKS Bank AG, 9010 Klagenfurt	17000	main bank connection

Historical development

Year of incorporation:	1960
Date of registration:	1989-10-09

Change in share capital:
From	To	Capital
	2005-11-01	ATS  37.500.000,00
2005-11-01	2005-12-03	EUR  2.725.231,28
2005-12-03		EUR  3.000.000,00

Former executives:
From	To	Function	Name
2000-01-15	2000-03-02	manager	Mag. Christian Türk
	2002-01-09	manager	Johannes Zimmer
2002-01-09	2005-02-22	manager	Karl Michael Wechselberger
2005-02-22	2006-05-24	manager	Dipl-Ing. Rolf Dieter Kühnen
2002-01-09	2006-05-24	manager	Johannes Paul Martin Zimmer
2000-10-12	2006-07-18	manager	Dkfm.Dr. Gerhard Fresacher
2006-05-24	2008-06-21	manager	Ing. Michael Haydn
2008-06-21	2008-08-30	manager	Dipl-Ing. Wolfgang Tiwald
2008-08-30	2009-01-24	manager	Ing. Michael Haydn
2000-01-15	2002-07-02	joint signing clerk	Paul Rosenzopf
2000-01-15	2003-08-09	joint signing clerk	Karl Mayer
2000-01-15	2008-06-21	joint signing clerk	Peter Gugl
2000-01-15	2008-06-21	joint signing clerk	Jürgen Scheriau
2004-11-05	2008-06-21	joint signing clerk	Desiree Zimmer
2008-10-16	2010-01-27	joint signing clerk	Jürgen Scheriau
2009-01-24	2010-06-29	joint signing clerk	Mario Weißenbrunner
2000-01-15	2006-05-24	joint signing clerk	Alfred Habenbacher

Former shareholders:
From	To	Function	Name
1994-04-21	2000-10-04	partner	Johannes Zimmer

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.85
UK Pound	1	Rs.97.01
Euro	1	Rs.77.62

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

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.