|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
FUSSL MODESTRASSE MAYR GMBH |
|
|
|
|
Registered Office : |
Politischer Gemeinde Ort Im Innkreis |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1871 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail Sale of Clothing in Specialised Stores. |
|
|
|
|
No. of Employees : |
1060 (Approx.) |
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: |
FUSSL MODESTRASSE Mayr GmbH |
|
Status: |
active company |
|
Locations: |
Fusslplatz 32, A-4974 Ort Innkreis |
|
Phone: |
0043 (7751) 8902 |
|
Fax: |
0043 (7751) 8902 - 22 |
|
E-mail: |
office@fussl.at |
|
Internet: |
http://www.fussl.at |
|
Activities: |
Önace 47710 100% Retail sale of clothing in specialised stores |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel II): |
Very low risk |
|
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 sound. Earnings potential is positive. |
|
Year of incorporation: |
1871 |
|
||||
|
Activities: |
|
|
||||
|
Type of company: |
Wholesale and retail trade; repair of motor vehicles |
|
||||
|
Legal form: |
limited liability company since 2000-07-26 |
|
||||
|
companies' house number: |
FN 197996 x Ried Innkreis 2000-08-04 |
|
||||
|
VAT number: |
ATU 49682507 |
|
||||
|
number - Austrian National Bank: |
4760824 |
|
||||
|
|
|
|||||
|
|
||||||
|
Import |
Country |
|
|
|
||
|
Import |
European Union |
|
2014 |
|
||
|
total turnover (total sales) |
2013 |
EUR 105.898.945,01 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR 98.543.191,95 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 90.571.032,79 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 86.347.744,69 |
(exact) |
|
total turnover (total sales) |
2009 |
EUR 72.633.797,47 |
(exact) |
|
total employees |
2014 |
1060 |
(approx.) |
|
white collar workers |
2014 |
885 |
(approx.) |
|
blue collar workers |
2014 |
100 |
(approx.) |
|
apprentices |
2014 |
75 |
(approx.) |
|
total stock |
2014 |
EUR 7.500.000,00 |
(approx.) |
|
total investments |
2013 |
EUR 1.776.188,40 |
(exact) |
|
firm (style): |
|
1 FUSSL MODESTRASSE Mayr
GmbH |
|
legal form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1 politischer Gemeinde Ort
im Innkreis |
|
business adress: |
|
9 Fusslplatz 32 |
|
capital: |
|
1 EUR 56.000 |
|
reference date
annual accounts: |
|
1 31. Dezember |
|
annual accounts: |
|
17 zum 31.12.2013
eingereicht am 29.09.2014 |
|
power of representation: |
|
1 Das Vertretungsrecht der
Geschäftsführer wird mit dem |
|
proxy: |
|
C Mag. Maria Mayr, geb.
30.09.1968 |
|
supervisory
board: |
|
D Karl Mayr, geb. 08.11.1936 |
|
managing
director: |
|
A Karl Mayr, geb. 11.05.1968 |
|
shareholder: |
|
A Karl Mayr, geb. 11.05.1968 |
|
general table: |
|
Landesgericht Ried im Innkreis |
|
Real estate |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered
in the companies' house) |
|
Ernst Mayr |
1970-08-05 |
4974 Ort Innkreis Fusslstraße 32 |
manager, partner, head of accounting, head of EDP |
3 |
|
Karl Mayr |
1968-05-11 |
4974 Ort Innkreis Fusslstraße 32 |
manager, partner, head of purchasing |
4 |
|
Mag. Maria Mayr |
1968-09-30 |
4974 Ort Innkreis Fusslstraße 32 |
individual signing clerk |
0 |
|
Karl Mayr |
1936-11-08 |
4974 Ort Innkreis Fusslstraße 32 |
chairman of the supervisory board |
0 |
|
MMag. Franz Zauner |
1958-04-25 |
4910 Ried Innkreis Raimund Jeblingerstraße
5 |
deputy chairman of the supervisory board |
7 |
|
Mag. Martin Mayr |
1976-12-24 |
4974 Ort Innkreis Fusslstraße 32 |
member of the supervisory board |
0 |
|
Berta Mayr |
1941-11-26 |
4974 Ort Innkreis Fusslstraße 32 |
member of the supervisory board |
0 |
|
Martina Hillinger |
|
4974 Ort Innkreis Fusslplatz 32(c/o) |
head of marketing |
0 |
|
|
2013-12-31 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
14.042,76 |
|
|
|
|
|
Sum intangible assets |
14.042,76 |
|
|
|
|
|
|
|||||
|
Land and leasehold rights with buildings thereon including building on
land owned by third parties |
2.079.021,13 |
|
|
|
|
|
Other operating and business equipment |
2.447.004,58 |
|
|
|
|
|
Technical plants and machines |
4.348,69 |
|
|
|
|
|
Advanced payments and constructions in progress |
42.357,39 |
|
|
|
|
|
Sum tangible assets |
4.572.731,79 |
|
|
|
|
|
|
|||||
|
Other financial assets, values and securities of fixed assets |
11.236,97 |
|
|
|
|
|
Sum financial assets |
11.236,97 |
|
|
|
|
|
|
|||||
|
Sum fixed assets |
4.598.011,52 |
|
|
|
|
|
|
|||||
|
Special account stock |
173.117,84 |
|
|
|
|
|
Finished products |
7.513.614,61 |
|
|
|
|
|
Sum stock |
7.686.732,45 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
378.905,53 |
|
|
|
|
|
Other claims and assets |
1.070.098,49 |
|
|
|
|
|
Sum claims |
1.449.004,02 |
|
|
|
|
|
|
|||||
|
Securities and shares |
15.571.345,00 |
|
|
|
|
|
Sum securities and shares |
15.571.345,00 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
9.951.525,20 |
|
|
|
|
|
Sum cash and bank |
9.951.525,20 |
|
|
|
|
|
|
|||||
|
Sum current assets |
34.658.606,67 |
|
|
|
|
|
|
|||||
|
Deferred charges |
217.171,60 |
|
|
|
|
|
Sum deferred charges |
217.171,60 |
|
|
|
|
|
Assets |
39.473.789,79 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
56.000,00 |
|
|
|
|
|
Legal reserves |
5.600,00 |
|
|
|
|
|
Other reserves |
445.520,90 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
22.371.089,56 |
|
|
|
|
|
Thereof profit/loss carried forward |
13.348.146,46 |
|
|
|
|
|
Sum equity capital |
22.878.210,46 |
|
|
|
|
|
|
|||||
|
Other reserves before taxes |
205.161,59 |
|
|
|
|
|
Sum reserves before taxes |
205.161,59 |
|
|
|
|
|
|
|||||
|
Subsidies and contributions |
75.000,00 |
|
|
|
|
|
Sum floor capital |
75.000,00 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
1.500.129,93 |
|
|
|
|
|
Reserves for pensions |
492.018,32 |
|
|
|
|
|
Tax reserves |
1.045.251,00 |
|
|
|
|
|
Other reserves |
3.266.943,02 |
|
|
|
|
|
Sum reserves |
6.304.342,27 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
12.739,50 |
|
|
|
|
|
Received advanced payments for orders |
2.448.856,37 |
|
|
|
|
|
Liabilities from delivered goods and performed services |
1.584.317,83 |
|
|
|
|
|
Other liabilities |
5.965.161,77 |
|
|
|
|
|
Sum liabilities |
10.011.075,47 |
|
|
|
|
|
|
|||||
|
Liabilities |
39.473.789,79 |
|
|
|
|
|
|
|||||
|
Contingent liabilities |
2.224.410,78 |
|
|
|
|
|
Balance sheet sum |
39.473.789,79 |
|
|
|
|
|
|
2013-12-31 |
|
|
|
|
|
Gross sales |
105.908.174,97 |
|
|
|
|
|
Other manufacturing costs capitalized |
274.423,67 |
|
|
|
|
|
Total turnover or gross profit |
106.182.598,64 |
|
|
|
|
|
|
|||||
|
Profits from retirement of fixed assets, except financial assets |
28.589,12 |
|
|
|
|
|
Income from dissolution of reserves |
10.600,00 |
|
|
|
|
|
Other operating profits |
386.254,06 |
|
|
|
|
|
Other operating profits totally |
425.443,18 |
|
|
|
|
|
|
|||||
|
Special account material costs |
-46.082.477,17 |
|
|
|
|
|
Costs for obtained services totally |
-46.082.477,17 |
|
|
|
|
|
|
|||||
|
Wages and Salaries |
-17.726.274,27 |
|
|
|
|
|
Costs for severance pays |
-35.723,02 |
|
|
|
|
|
Costs for old age pension |
-57.548,39 |
|
|
|
|
|
Legal fringe benefits and other payments depending on salaries |
-5.274.355,49 |
|
|
|
|
|
Other social fringe benefits |
-315.776,49 |
|
|
|
|
|
Personnel expenses totally |
-23.409.677,66 |
|
|
|
|
|
|
|||||
|
Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-1.790.841,71 |
|
|
|
|
|
Depreciation tangible assets / intangible assets totally |
-1.790.841,71 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-23.539.434,78 |
|
|
|
|
|
Total costs |
-23.539.434,78 |
|
|
|
|
|
|
|||||
|
Operating result totally |
11.785.610,50 |
|
|
|
|
|
|
|||||
|
Interest income, securties income and similar income |
155.555,13 |
|
|
|
|
|
Interest and similar disbursements |
-32.429,92 |
|
|
|
|
|
Financial profits totally |
123.125,21 |
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
11.908.735,71 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-2.978.821,89 |
|
|
|
|
|
Taxes on income and profits totally |
-2.978.821,89 |
|
|
|
|
|
Annual surplus/annual deficit totally |
8.929.913,82 |
|
|
|
|
|
|
|||||
|
Dissolution reserves before taxes |
93.029,28 |
|
|
|
|
|
Reserves movements totally |
93.029,28 |
|
|
|
|
|
Annual profit/annual loss totally |
9.022.943,10 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
13.348.146,46 |
|
|
|
|
|
Transfer of profits totally |
13.348.146,46 |
|
|
|
|
|
B/S profit/ B/S loss from profit and loss
account |
22.371.089,56 |
|
|
|
|
|
|
2013 |
|
|
|
|
|
|
Cash flow II |
10.720.755,53 |
|
|
|
|
|
|
Debt amortisation period |
1,08 |
|
|
|
|
|
|
Bank indebtedness |
0,03 |
|
|
|
|
|
|
Equity capital share |
62,54 |
|
|
|
|
|
|
Social capital share |
5,04 |
|
|
|
|
|
|
Fixed assets coverage |
546,98 |
|
|
|
|
|
|
Net profit ratio |
11,21 |
|
|
|
|
|
|
Capital turnover |
2,68 |
|
|
|
|
|
|
Return on investment |
30,25 |
|
|
|
|
|
|
Cash flow in % of operating performance |
10,09 |
|
|
|
|
|
|
Cash flow I |
13.699.577,42 |
|
|
|
|
|
|
Gross productivity |
4,53 |
|
|
|
|
|
|
Net productivity |
2,56 |
|
|
|
|
|
|
Operating performance |
106.182.598,64 |
|
|
|
|
|
|
Inventories in % of operating performance |
7,23 |
|
|
|
|
|
|
Gross profit |
60.100.121,47 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Fusslplatz 32, A-4974 Ort Innkreis, (in Miete d. FUSSL-Immobilien) |
registered headquarters, rented premises |
|
|
|
office@fussl.at |
|
operational |
Fusslplatz 32, A-4974 Ort Innkreis |
registered office |
|
|
|
|
|
former |
Ort i.I. 32, A-4974 Ort Innkreis |
registered office |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
|
|
|
Shares in this company are held by: |
||||
|
Ernst Mayr |
Fusslstraße 32, A-4974 Ort Innkreis |
50 % 2000-08-04 |
900.250.613 |
|
|
Karl Mayr |
Fusslstraße 32, A-4974 Ort Innkreis |
50 % 2000-08-04 |
910.030.447 |
|
|
|
||||
|
Affiliated companies and further
participations: |
||||
|
FUSSL Immobilien Mayr GmbH |
Ort 32, A-4974 Ort Innkreis |
|
863.302 |
FN 152359 h |
|
Fussl Akademie Mayr OG |
Ort 32, A-4974 Ort Innkreis |
|
1.376.560 |
FN 254694 a |
|
EM Immobilien GmbH |
Fusslplatz 32, A-4974 Ort Innkreis |
|
7.041.216 |
FN 362727 y |
|
Banker |
Bank sort code |
Type of banking connection |
|
Oberbank AG, 4910 Ried/Innkreis |
15000 |
main bank connection |
|
BAWAG P.S.K. Bank für Arbeit und Wirtschaft, 4910 Ried/Innkreis |
14000 |
secondary banking connection |
|
Raiffeisenbank Innkreis Mitte, 4974 Ort/Innkreis |
34200 |
secondary banking connection |
|
Year of incorporation: |
1871 |
|
Date of registration: |
2000-08-04 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.