|
Report Date : |
22.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WALLNER & NEUBERT GESELLSCHAFT M.B.H. |
|
|
|
|
Registered Office : |
Im Felberbrunn 2, A-2340 Mödling |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1894 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of hardware, plumbing and heating equipment and supplies |
|
|
|
|
No of Employees : |
80 |
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: |
WALLNER &
NEUBERT GESELLSCHAFT M.B.H. |
|
Status: |
active company |
|
Locations: |
Im Felberbrunn 2, A-2340 Mödling |
|
Phone: |
0043 (50) 513 |
|
Fax: |
0043 (50) 513 - 300 |
|
E-mail: |
pwn@pwn.at |
|
Internet: |
http://www.pwn.at |
|
Activities: |
Önace 46740 100% Wholesale of hardware, plumbing and heating equipment
and supplies |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel II): |
0,11% Very 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. |
|
|
Company's solvency is sufficient. Earnings potential is
unsatisfactory. |
|
|
|
|||||
|
Year of
incorporation: |
1894 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
||||
|
Legal form: |
limited liability company since 1996-11-11 |
|
||||
|
companies' house
number: |
FN 152084 d Wiener Neustadt 1996-11-22 |
|
||||
|
Trade names: |
Purator (PWN) |
|
||||
|
ARA-number: |
602 |
|
||||
|
VAT number: |
ATU 41961908 |
|
||||
|
number -
Austrian National Bank: |
3451739 |
|
||||
|
|
|
|||||
|
|
||||||
|
Export |
Country |
|
|
|
||
|
Export |
Eastern Europe |
|
2014 |
|
||
|
Export |
European Union |
|
2014 |
|
||
|
total turnover (total sales) |
2013 |
EUR 22.635.000,00 |
(approx.) |
|
total turnover (total sales) |
2012 |
EUR 22.479.750,36 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 24.260.767,34 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 24.739.652,04 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 28.537.593,35 |
(exact) |
|
total employees |
2014 |
80 |
(approx.) |
|
white collar workers |
2014 |
63 |
(approx.) |
|
blue collar workers |
2014 |
17 |
(approx.) |
|
total investments |
2012 |
EUR 1.764.553,27 |
(exact) |
|
total company vehicles |
2014 |
23 |
(approx.) |
|
cars |
2014 |
18 |
(approx.) |
|
lorries up to 3.5t |
2014 |
2 |
(approx.) |
|
lorries more than 3.5t |
2014 |
3 |
(approx.) |
|
firm
(style): |
|
2 Wallner & Neubert
Gesellschaft m.b.H. |
|
legal
form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
53 politischer Gemeinde
Mödling |
|
business
adress: |
|
53 Im Felberbrunn 2 |
|
capital: |
|
13 EUR 2.000.000 |
|
reference
date annual accounts: |
|
13 31. Dezember |
|
annual
accounts: |
|
56 zum 31.12.2013
eingereicht am 30.09.2014 |
|
power
of representation: |
|
1 Die Gesellschaft wird,
wenn mehrere Geschäftsführer |
|
proxy: |
|
Y Gerhard Zack, geb.
06.11.1960 |
|
managing
director: |
|
W Daniel Fellner, geb.
19.08.1959 |
|
shareholder: |
|
X FHT Beteiligungs- und
Management GmbH |
|
general
table: |
|
Handelsgericht Wien |
|
Real estate KSV text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive
positions |
Further executive
positions (as registered in the companies' house) |
|
Daniel Fellner |
1959-08-19 |
1230 Wien Endresstraße 74 |
manager |
4 |
|
Gerhard Zack |
1960-11-06 |
1050 Wien Schönbrunnerstraße 13(c/o) |
individual signing clerk, head of sales |
0 |
|
Mag.(FH) Thomas Scherz |
1975-04-20 |
1050 Wien Schönbrunnerstraße 13(c/o) |
head of accounting |
0 |
|
Markus Klement |
1964-11-29 |
1050 Wien Schönbrunnerstraße 13(c/o) |
head of purchasing |
0 |
|
Felix Kappel |
1960-04-15 |
1050 Wien Schönbrunnerstraße 13(c/o) |
head of EDP |
0 |
all amounts in EUR
|
|
2013-12-31 |
|
|
|
|
|
Intangible assets |
250.539,00 |
|
|
|
|
|
Sum intangible assets |
250.539,00 |
|
|
|
|
|
|
|||||
|
Land and leasehold rights with buildings thereon including building on
land owned by third parties |
144.839,91 |
|
|
|
|
|
Special account plants and machines |
30.616,00 |
|
|
|
|
|
Other operating and business equipment |
1.624.545,35 |
|
|
|
|
|
Advanced payments and constructions in progress |
195.592,70 |
|
|
|
|
|
Sum tangible assets |
1.995.593,96 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
2.246.132,96 |
|
|
|
|
|
|
|||||
|
Stocks |
2.795.206,45 |
|
|
|
|
|
Sum stock |
2.795.206,45 |
|
|
|
|
|
|
|||||
|
Other claims and assets |
418.428,25 |
|
|
|
|
|
Sum claims |
418.428,25 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
2.102.937,13 |
|
|
|
|
|
Sum cash and bank |
2.102.937,13 |
|
|
|
|
|
|
|||||
|
Sum current assets |
5.316.571,83 |
|
|
|
|
|
|
|||||
|
Deferred charges |
53.386,78 |
|
|
|
|
|
Sum deferred charges |
53.386,78 |
|
|
|
|
|
Assets |
7.616.091,57 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
2.000.000,00 |
|
|
|
|
|
Capital reserves |
1.838.528,43 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
-1.239.215,91 |
|
|
|
|
|
Thereof profit/loss carried forward |
-810.522,17 |
|
|
|
|
|
Sum equity capital |
2.599.312,52 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
442.851,48 |
|
|
|
|
|
Other reserves |
579.745,22 |
|
|
|
|
|
Sum reserves |
1.022.596,70 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
2.000.205,26 |
|
|
|
|
|
Other liabilities |
1.993.977,09 |
|
|
|
|
|
Sum liabilities |
3.994.182,35 |
|
|
|
|
|
|
|||||
|
Liabilities |
7.616.091,57 |
|
|
|
|
|
|
|||||
|
Balance sheet sum |
7.616.091,57 |
|
|
|
|
all amounts in EUR
|
|
2013-12-31 |
|
|
|
|
|
Gross profit |
6.367.497,87 |
|
|
|
|
|
Total turnover or gross profit |
6.367.497,87 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial assets |
894,00 |
|
|
|
|
|
Income from dissolution of reserves |
36.800,21 |
|
|
|
|
|
Other operating profits |
260.283,48 |
|
|
|
|
|
Other operating profits totally |
297.977,69 |
|
|
|
|
|
|
|||||
|
Wages |
-453.324,63 |
|
|
|
|
|
Salaries |
-2.505.401,87 |
|
|
|
|
|
Costs for severance pays |
-182.475,56 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-827.252,81 |
|
|
|
|
|
Other social fringe benefits |
-25.551,83 |
|
|
|
|
|
Personnel expenses totally |
-3.994.006,70 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses for
the set up and expansion of business operation |
-270.193,61 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-270.193,61 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-2.684.655,98 |
|
|
|
|
|
Total costs |
-2.684.655,98 |
|
|
|
|
|
|
|||||
|
Operating result totally |
-283.380,73 |
|
|
|
|
|
|
|||||
|
Interest income, securties income and similar income |
3.455,47 |
|
|
|
|
|
Interest and similar disbursements |
-147.643,48 |
|
|
|
|
|
Financial profits totally |
-144.188,01 |
|
|
|
|
|
|
|||||
|
Results from usual business activity totally |
-427.568,74 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-1.125,00 |
|
|
|
|
|
Taxes on income and profits totally |
-1.125,00 |
|
|
|
|
|
Annual surplus/annual deficit totally |
-428.693,74 |
|
|
|
|
|
|
|||||
|
Annual profit/annual loss totally |
-428.693,74 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
-810.522,17 |
|
|
|
|
|
Transfer of profits totally |
-810.522,17 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
-1.239.215,91 |
|
|
|
|
|
|
2013 |
|
|
|
|
|
|
Cash flow II |
-158.500,13 |
|
|
|
|
|
|
Bank indebtedness |
26,26 |
|
|
|
|
|
|
Equity capital share |
34,12 |
|
|
|
|
|
|
Social capital share |
5,81 |
|
|
|
|
|
|
Fixed assets coverage |
135,44 |
|
|
|
|
|
|
Net profit ratio |
0,00 |
|
|
|
|
|
|
Capital turnover |
0,00 |
|
|
|
|
|
|
Return on investment |
-3,67 |
|
|
|
|
|
|
Cash flow in % of operating performance |
0,00 |
|
|
|
|
|
|
Cash flow I |
-157.375,13 |
|
|
|
|
|
|
Gross productivity |
0,00 |
|
|
|
|
|
|
Net productivity |
0,00 |
|
|
|
|
|
|
Operating performance |
0,00 |
|
|
|
|
|
|
Inventories in % of operating performance |
0,00 |
|
|
|
|
|
|
Gross profit |
6.367.497,87 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Im Felberbrunn 2, A-2340 Mödling |
registered office |
|
|
|
|
|
operational |
Hessestraße 3, A-4844 Regau |
registered branch office |
|
|
|
|
|
operational |
Mühlfelderweg 30, A-8055 Graz Puntigam |
registered branch office, rented premises |
|
|
|
|
|
operational |
Im Felberbrunn 2, A-2340 Mödling |
registered headquarters, rented premises |
|
|
|
pwn@pwn.at |
|
operational |
Hessestraße 3, A-4844 Regau |
branch office, rented premises |
|
|
|
regau@pwn.at |
|
operational |
Mühlfelderweg 30, A-8055 Graz Puntigam |
branch office, rented premises |
|
|
|
graz@pwn.at |
|
former |
Trientlgasse 44, A-6020 Innsbruck |
registered branch office |
|
|
|
|
|
former |
Preising 84, A-4844 Regau |
registered branch office |
|
|
|
|
|
former |
Reininghausstraße 25, A-8020 Graz |
registered branch office |
|
|
|
|
|
former |
Schönbrunnerstraße 13, A-1050 Wien |
registered headquarters |
|
|
|
|
|
former |
Im Felberbrunn 2, A-2340 Mödling |
branch office |
|
|
|
|
|
former |
Trientlgasse 44, A-6020 Innsbruck |
branch office |
|
|
|
|
|
former |
Schlöglstraße 59, A-6060 Hall Tirol |
branch office |
|
|
|
|
|
former |
Wirtschaftspark 5, A-9130 Poggersdorf |
branch office |
|
|
|
|
|
former |
Trientlgasse 44, A-6020 Innsbruck |
branch office |
|
|
|
|
|
former |
Reininghausstraße 25, A-8020 Graz |
branch office |
|
|
|
|
|
former |
Brown-Boveristraße , A-2340 Mödling |
branch office |
|
|
|
|
|
former |
Schönbrunnerstraße 13, A-1050 Wien |
registered office |
|
|
|
|
|
former |
Felberbrunn, Parzellen 1218 u. 1824, A-2340 Mödling |
registered branch office |
|
|
|
|
|
former |
Schlöglstraße 59, A-6060 Hall Tirol |
registered branch office |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
Companies House |
|
Shares in this company are held by: |
|
|
|
|
FHT Beteiligungs- und Management GmbH |
Kramergasse 1/3, A-1010 Wien |
100 % 2013-05-17 |
FN 389471 b |
|
|
|
|
|
|
Affiliated companies and further participations: |
|
|
|
|
Daniel Fellner GmbH |
Industriestraße B 12, A-2345 Brunn Gebirge |
|
FN 69089 b |
|
F&H Immoinvest GmbH |
Endresstraße 74, A-1230 Wien |
|
FN 353271 t |
|
|
|
|
|
|
Banker |
Bank sort code |
Type of banking connection |
|
|
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG, 1011 Wien |
32000 |
main bank connection |
|
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
secondary banking connection |
|
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
secondary banking connection |
|
|
|
|
||
|
Year of
incorporation: |
1894 |
|
Date of
registration: |
1996-11-22 |
|
Change in share
capital: |
||
|
From |
To |
Capital |
|
|
2001-11-23 |
ATS 25.000.000,00 |
|
2001-11-23 |
|
EUR 2.000.000,00 |
|
Former
executives: |
|||
|
From |
To |
Function |
Name |
|
2003-11-05 |
2005-01-12 |
manager |
Ing.Mag. Friedrich Völkl |
|
2009-04-02 |
2010-01-16 |
manager |
Dr. Adalbert Stampfer |
|
2003-11-05 |
2010-09-30 |
manager |
Mag. Christoph Dolezal Brandenberger |
|
2005-01-12 |
2010-03-04 |
deputy chairman of the supervisory board |
Erika Dolezal Brandenberger |
|
|
2013-01-25 |
manager |
Dkfm.Dr. Franz Dolezal Brandenberger |
|
|
2005-01-12 |
manager |
Dkfm.Dr. Franz Dolezal Brandenberger |
|
2005-01-12 |
2010-03-04 |
chairman of the supervisory board |
Dkfm.Dr. Franz Dolezal Brandenberger |
|
1996-11-22 |
2001-01-11 |
individual signing clerk |
Christian Hahn |
|
|
1999-02-19 |
joint signing clerk |
Ing. Helmut Baier |
|
1999-02-19 |
2000-07-11 |
joint signing clerk |
Kurt Weber |
|
1997-03-19 |
2001-07-10 |
joint signing clerk |
Otto Leithner |
|
2000-07-11 |
2003-05-06 |
joint signing clerk |
Josef Mitterlechner |
|
|
2003-05-06 |
joint signing clerk |
Harald Passecker |
|
1999-10-19 |
2004-01-06 |
joint signing clerk |
Helmut Zoidl |
|
|
2009-06-26 |
joint signing clerk |
Heinz Peter Windholz |
|
2009-05-20 |
2013-06-13 |
joint signing clerk |
Wilhelm Böhm |
|
2005-04-07 |
2013-06-13 |
joint signing clerk |
Alfred Rasocha |
|
2005-01-12 |
2010-03-04 |
member of the supervisory board |
Ing. Helmut Gunst |
|
2010-09-30 |
2012-10-02 |
manager |
Mag. Kurt Heiny |
|
2005-04-07 |
2009-04-02 |
joint signing clerk |
Dipl-Ing. Peter Kraus |
|
2009-05-20 |
2010-12-23 |
joint signing clerk |
Hannes Gruber |
|
Former
shareholders: |
|||
|
From |
To |
Function |
Name |
|
1996-11-11 |
2005-08-13 |
partner |
W & N Beteiligung-Immobilien- Besitz und Verwertung GmbH. |
|
2005-08-13 |
2007-09-27 |
partner |
Dolezal-Brandenberger Beteiligungs GmbH |
|
2007-09-27 |
2013-05-17 |
partner |
PURATOR International GmbH |
|
Former
shareholdings: |
||
|
From |
To |
Name |
|
1996-12-19 |
1998-12-01 |
Wallner & Neubert Sanitär- und Heizungsgroßhandel Gesellschaft
m.b.H. |
|
1997-01-09 |
1998-12-01 |
Import Export Wallner & Neubert Gesellschaft m.b.H. |
|
1997-01-08 |
2010-09-07 |
Erwin Menzel, Eisengroßhandlung u. Handelsagentur Gesellschaft
m.b.H. |
|
2000-10-12 |
2000-10-18 |
PURATOR Vermögensverwaltung GmbH |
|
2002-05-24 |
2002-07-02 |
PURATOR Wallner & Neubert Umwelttechnik GmbH |
|
2005-05-28 |
2005-07-09 |
PURATOR Wallner & Neubert Umwelttechnik GmbH |
|
1999-10-20 |
2005-07-09 |
"PURATOR" Entwässerungs- und Umwelttechnik GmbH |
|
1997-01-31 |
2005-07-09 |
PURATOR Tiefbaubedarf Vertriebsgesellschaft m.b.H. |
|
2002-11-26 |
2007-07-03 |
PURATOR Umwelttechnik Gesellschaft m.b.H. in Liqu. |
|
Mergers: |
||
|
Date |
Function |
Name |
|
2000-11-24 |
merged with |
Wallner & Neubert Sanitär- und Heizungsgroßhandel Gesellschaft
m.b.H. |
|
2000-11-24 |
merged with |
Import Export Wallner & Neubert Gesellschaft m.b.H. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
|
1 |
Rs.99.16 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.