|
Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
COROS TRADE GMBH |
|
|
|
|
Registered Office : |
Hitzendorf 281, A-8151 Hitzendorf |
|
|
|
|
Country : |
Austria |
|
|
|
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Financials (as on) : |
31.12.2013 |
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|
|
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Date of Incorporation : |
2012 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
Wholesale and Retail Trade, Repair of Motor Vehicles. |
|
|
|
|
No of Employees : |
6 [2014] |
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 |
|
Company name: |
COROS TRADE GMBH |
|
Status: |
active company |
|
Locations: |
Hitzendorf 281, A-8151 Hitzendorf |
|
Phone: |
0043 (3137) 24132 |
|
Fax: |
0043 (3137) 24132 - 32 |
|
E-mail: |
office@corostrade.com |
|
Internet: |
http://www.corostrade.com |
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Activities: |
Önace 47110 100% Retail sale in non-specialised stores with food,
beverages or tobacco predominating |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel II): |
1,35% Low risk |
|
comparison: |
The Rating of this company is worse 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 made according to conditions. There are no negative
experiences at this time. |
|
|
Company's solvency is sufficient. An increasing amount of external
capital is required for financings. |
|
Year of incorporation: |
2012 |
|
Activities: |
|
|
Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
Legal form: |
limited liability company since 2012-10-31 |
|
companies' house number: |
FN 387826 h Graz 2012-11-08 |
|
VAT number: |
ATU 67525136 |
|
number - Austrian National Bank: |
16182405 |
|
total turnover (total sales) |
2013 |
EUR 10.000.000,00 |
(approx.) |
|
total turnover (total sales) |
2012 |
EUR 500.000,00 |
(approx.) |
|
turnover (sales) - abbreviated financial year |
2012 |
EUR 500.000,00 |
(approx.) |
|
total employees |
2014 |
6 |
(exact) |
|
part-time employees |
2014 |
4 |
(exact) |
|
total investments |
2013 |
EUR 49.554,28 |
(exact) |
|
total company vehicles |
2014 |
1 |
(exact) |
|
cars |
2014 |
1 |
(exact) |
|
firm (style): |
|
1 Coros Trade GmbH |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde
Hitzendorf |
|
business adress: |
|
2 Hitzendorf 281 |
|
capital: |
|
1 EUR 35.000 |
|
reference date
annual accounts: |
|
5 31. August |
|
annual accounts: |
|
4 zum 31.12.2013
eingereicht am 06.05.2014 |
|
power of
representation: |
|
1 Die Generalversammlung
bestimmt,wenn mehrere Geschäftsführer |
|
managing
director: |
|
A Franz Peier, geb. 21.07.1972 |
|
shareholder: |
|
A Franz Peier, geb. 21.07.1972 |
|
general table: |
|
Landesgericht für ZRS Graz |
|
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) |
|
Franz Peier |
1972-07-21 |
8151 Hitzendorf Holzberg 62 |
manager, partner |
0 |
|
|
2013-12-31 |
|
|
|
|
|
EDP programs |
5.895,00 |
|
|
|
|
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Sum intangible assets |
5.895,00 |
|
|
|
|
|
|
|||||
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Other operating and business equipment |
28.219,00 |
|
|
|
|
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Sum tangible assets |
28.219,00 |
|
|
|
|
|
|
|||||
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Sum fixed assets |
34.114,00 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and supplies |
1.154.071,44 |
|
|
|
|
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Finished products |
2.500.983,31 |
|
|
|
|
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Advanced payments |
409.743,33 |
|
|
|
|
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Sum stock |
4.064.798,08 |
|
|
|
|
|
|
|||||
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Claims from delivered goods and performed services |
1.837.316,55 |
|
|
|
|
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Other claims and assets |
162.006,55 |
|
|
|
|
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Sum claims |
1.999.323,10 |
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|
|
|
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|
|||||
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Cash on hand, cheques and bank deposits |
201.095,80 |
|
|
|
|
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Sum cash and bank |
201.095,80 |
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|
|
|
|
|
|||||
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Sum current assets |
6.265.216,98 |
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|
|
|
|
|
|||||
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Deferred charges |
51.109,43 |
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|
|
|
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Sum deferred charges |
51.109,43 |
|
|
|
|
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Assets |
6.350.440,41 |
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|
|
|
|
|
|||||
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Subscribed/declared capital |
35.000,00 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
37.252,37 |
|
|
|
|
|
Thereof profit/loss carried forward |
-3.728,04 |
|
|
|
|
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Sum equity capital |
72.252,37 |
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|
|
|
|
|
|||||
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Reserves |
7.682,49 |
|
|
|
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Sum reserves |
7.682,49 |
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|
|
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|
|
|||||
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Liabilities from delivered goods and performed services |
1.531.695,13 |
|
|
|
|
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Other liabilities |
4.738.810,42 |
|
|
|
|
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Sum liabilities |
6.270.505,55 |
|
|
|
|
|
|
|||||
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Liabilities |
6.350.440,41 |
|
|
|
|
|
|
|||||
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Balance sheet sum |
6.350.440,41 |
|
|
|
|
|
|
2013 |
|
|
|
|
|
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Equity capital share |
1,13 |
|
|
|
|
|
|
Fixed assets coverage |
211,79 |
|
|
|
|
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|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Hitzendorf 281, A-8151 Hitzendorf |
registered office |
|
|
|
|
|
operational |
Hitzendorf 281, A-8151 Hitzendorf |
registered headquarters, rented premises |
|
|
|
office@corostrade.com |
|
former |
Holzberg 62, A-8151 Hitzendorf |
registered office |
|
|
|
|
|
former |
Holzberg 62, A-8151 Hitzendorf |
registered headquarters |
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|
|
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Company name |
Postal code |
Stake in % |
KSV-number |
|
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Shares in this company are held by: |
||||
|
Franz Peier |
Holzberg 62, A-8151 Hitzendorf |
100 % 2012-11-08 |
912.076.817 |
|
|
|
|
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Banker |
Bank sort code |
Type of banking connection |
|
Steiermärkische Bank und Sparkassen Aktienges., 8011 Graz |
20815 |
main bank connection |
|
Year of incorporation: |
2012 |
|
Date of registration: |
2012-11-08 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.23 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.