|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
LORÜNSER AUSTRIA GMBH |
|
|
|
|
Formerly Known As : |
LORÜNSER LEICHTMETALLWERK GMBH |
|
|
|
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Registered Office : |
Bahnhofstraße 9, A-6824 Schlins |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
19.09.1978 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of metal structures and parts of structures |
|
|
|
|
No of Employees : |
30 |
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 |
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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: |
LORÜNSER AUSTRIA
GMBH |
|
Status: |
active company |
|
Locations: |
Bahnhofstraße 9, A-6824 Schlins |
|
Phone: |
0043 (5524) 8291 |
|
Fax: |
0043 (5524) 8291 - 11 |
|
E-mail: |
office@loruenser-substations.com |
|
Internet: |
http://www.loruenser-substations.com |
|
Activities: |
Önace 25110 100% Manufacture of metal structures and parts of
structures |
|
|
|
|
General Assessment: |
Model: CompanyScore |
|
Probability of Default (Basel II): |
0,39% Low risk |
|
comparison: |
The Rating of this company meets 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. |
|
|
Financial situation is average. |
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Year of
incorporation: |
1978 |
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Activities: |
|
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||||
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Type of company: |
Manufacturing |
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||||
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Legal form: |
limited liability company since 1978-09-07 |
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||||
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Companies' house
number: |
FN 66094 y Feldkirch 1978-09-19 |
|
||||
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ARA-number: |
5580 |
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||||
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VAT number: |
ATU 44325404 |
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||||
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number -
Austrian National Bank: |
203416 |
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Import |
Country |
|
|
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||
|
Import |
world-wide |
|
2014 |
|
||
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Export |
Country |
|
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|
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Export |
world-wide |
|
2014 |
|
|
total turnover (total sales) |
2013 |
EUR 13.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2012 |
EUR 13.000.000,00 |
(approx.) |
|
total turnover (total sales) |
2011 |
EUR 10.000.000,00 |
(approx.) |
|
total turnover (total sales) |
2010 |
EUR 10.000.000,00 |
(approx.) |
|
total turnover (total sales) |
2009 |
EUR 10.000.000,00 |
(approx.) |
|
total employees |
2014 |
30 |
(approx.) |
|
total stock |
2014 |
EUR 1.300.000,00 |
(average) |
|
total company vehicles |
2014 |
3 |
(exact) |
|
self-financed vehicles |
2014 |
3 |
(exact) |
|
cars |
2014 |
3 |
(exact) |
|
firm
(style): |
|
31 Lorünser Austria GmbH |
|
legal
form: |
|
1 Gesellschaft mit
beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Schlins |
|
business
adress: |
|
1 Bahnhofstraße 9 |
|
capital: |
|
27 EUR 750.000 |
|
reference
date annual accounts: |
|
4 30. Juni |
|
annual
accounts: |
|
48 zum 30.06.2013
eingereicht am 03.12.2013 |
|
power
of representation: |
|
29 Sind mehrere
Geschäftsführer bestellt, wird die Gesellschaft |
|
proxy: |
|
R Dipl-BW (BA) Steffen
Steckbauer, |
|
managing
director: |
|
K DI Diego Enrico Giuseppe
Socchi, geb. 29.11.1955 |
|
shareholder: |
|
F
ETK Elektrotechnik |
|
general
table: |
|
Landesgericht Feldkirch |
|
Registration number of real estate
987 Cadastral register 92121 Schlins V Number and
date of entry 3170/2010 Status of 2014-09-03 |
|
Part
A - type of real estate : |
|
GST-NR G BA (NUTZUNG) FLäCHE GST-ADRESSE |
|
Part
B - ownership details : |
|
1 ANTEIL: 1/1 |
|
Part
C - registered charges : |
|
15 a 799/2005 |
|
Surname |
Date of birth |
Address |
Executive
positions |
Further executive
positions (as registered in the companies' house) |
|
Dipl-Ing. Diego Enrico Giuseppe Socchi |
1955-11-29 |
8107 Buchs Eichstraße 7 |
manager |
0 |
|
Jürgen Thurnher |
1968-03-15 |
6840 Götzis Dr. A. Heinzlestraße 33 |
manager, head of sales, head of marketing |
0 |
|
MA MBA Dipl-Betriebsw. Steffen Steckbauer |
1979-11-23 |
6824 Schlins Langwies 18 |
joint signing clerk, head of accounting, head of purchasing |
0 |
|
Dipl.-Ing.(FH) Markus Bitsche |
|
6824 Schlins Bahnhofstraße 9(c/o) |
technical director |
0 |
all amounts in
EUR
|
|
2013-06-30 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
9.558,36 |
|
|
|
|
|
Sum intangible assets |
9.558,36 |
|
|
|
|
|
|
|||||
|
Land without buildings |
634.801,86 |
|
|
|
|
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Other operating and business equipment |
171.521,67 |
|
|
|
|
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Technical plants and machines |
125.693,29 |
|
|
|
|
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Advanced payments and constructions in progress |
42.315,60 |
|
|
|
|
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Sum tangible assets |
974.332,42 |
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|
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|
|
|
|||||
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Other shareholdings |
36,34 |
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|
|
|
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Sum financial assets |
36,34 |
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|
|
|
|
|||||
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Sum fixed assets |
983.927,12 |
|
|
|
|
|
|
|||||
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Raw-, auxiliary materials and supplies |
484.780,10 |
|
|
|
|
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Unfinished products |
650.697,20 |
|
|
|
|
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Finished products |
558.751,26 |
|
|
|
|
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Sum stock |
1.694.228,56 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
3.443.576,01 |
|
|
|
|
|
Claims against related firmes Claims against companies with
shareholding relationship |
26.250,34 |
|
|
|
|
|
Special account claims |
209.524,74 |
|
|
|
|
|
Sum claims |
3.679.351,09 |
|
|
|
|
|
|
|||||
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Cash on hand, cheques and bank deposits |
39.264,65 |
|
|
|
|
|
Sum cash and bank |
39.264,65 |
|
|
|
|
|
|
|||||
|
Sum current assets |
5.412.844,30 |
|
|
|
|
|
|
|||||
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Deferred charges |
17.424,71 |
|
|
|
|
|
Sum deferred charges |
17.424,71 |
|
|
|
|
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Assets |
6.414.196,13 |
|
|
|
|
|
|
|||||
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Subscribed/declared capital |
750.000,00 |
|
|
|
|
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Balance sheet profit/balance sheet loss |
702.223,71 |
|
|
|
|
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Thereof profit/loss carried forward |
112.440,52 |
|
|
|
|
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Sum equity capital |
1.452.223,71 |
|
|
|
|
|
|
|||||
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Reserves for severance pays |
205.510,00 |
|
|
|
|
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Other reserves |
868.600,28 |
|
|
|
|
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Sum reserves |
1.074.110,28 |
|
|
|
|
|
|
|||||
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Liabilities against credit institutes |
900.004,60 |
|
|
|
|
|
Received advanced payments for orders |
77.105,59 |
|
|
|
|
|
Liabilities from delivered goods and performed services |
1.692.169,82 |
|
|
|
|
|
Liabilities against related firms |
937.521,43 |
|
|
|
|
|
Other liabilities |
281.060,70 |
|
|
|
|
|
Sum liabilities |
3.887.862,14 |
|
|
|
|
|
|
|||||
|
Liabilities |
6.414.196,13 |
|
|
|
|
|
|
|||||
|
Balance sheet
sum |
6.414.196,13 |
|
|
|
|
|
|
2013 |
|
|
|
|
|
|
Equity capital share |
22,91 |
|
|
|
|
|
|
Fixed assets coverage |
168,48 |
|
|
|
|
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|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Bahnhofstraße 9, A-6824 Schlins |
registered office |
|
|
|
|
|
operational |
Bahnhofstraße 9, A-6824 Schlins |
registered headquarters, owned property |
|
|
|
office@loruenser-substations.com |
|
operational |
Mosdorfergasse 1, A-8160 Weiz |
group headquarters, rented premises |
|
|
|
|
|
former |
Postfach 25, A-6824 Schlins |
postbox |
|
|
|
|
|
Company name |
Postal code |
Stake in % |
Companies House |
|
Shares in this company are held by: |
|
|
|
|
ETK Elektrotechnik Holding Knill GmbH |
Eisengasse 25, A-8160 Weiz |
100 % 2000-03-29 |
FN 65602 z |
|
|
|
|
|
|
Affiliated companies and further participations: |
|
|
|
|
Rosendahl Nextrom GmbH |
Schachen 57, A-8212 Pischelsdorf |
|
FN 74318 t |
|
ELSTA-Mosdorfer Gesellschaft m.b.H. |
Bahnstraße 29, A-8430 Kaindorf Sulm |
|
FN 66609 f |
|
Knill Technology Holding GmbH |
Eisengasse 25, A-8160 Weiz |
|
FN 67135 d |
|
Knill Energy Holding GmbH |
Eisengasse 25, A-8160 Weiz |
|
FN 178019 v |
|
Mosdorfer GmbH |
Mosdorfergasse 1, A-8160 Weiz |
|
FN 65861 f |
|
Banker |
Bank sort code |
Type of banking
connection |
|
Raiffeisen Bank International AG, 1011 Wien |
31000 |
main bank connection |
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
secondary banking connection |
|
Year of
incorporation: |
1978 |
|
Date of
registration: |
1978-09-19 |
|
Change of
company name: |
||
|
From |
To |
Company name |
|
|
2004-07-09 |
Lorünser Leichtmetallwerk GmbH |
|
2004-07-09 |
|
Lorünser Austria GmbH |
|
Change in share
capital: |
||
|
From |
To |
Capital |
|
|
2003-04-01 |
ATS 10.000.000,00 |
|
2003-04-01 |
|
EUR 750.000,00 |
|
Former
executives: |
|||
|
From |
To |
Function |
Name |
|
1994-03-31 |
2000-04-28 |
manager |
Rupert Schwendtner |
|
|
2002-01-16 |
manager |
Gunther Knill |
|
2002-01-16 |
2002-09-13 |
manager |
Dipl-Ing. Diego Enrico Giuseppe Socchi |
|
2002-10-16 |
2003-07-26 |
individual signing clerk |
Dipl-Ing. Diego Enrico Giuseppe Socchi |
|
2002-09-13 |
2002-10-16 |
joint signing clerk |
Dipl-Ing. Diego Enrico Giuseppe Socchi |
|
2002-09-13 |
2003-03-28 |
manager |
Mag.DDr. Peter Gerhalter |
|
2006-07-22 |
2007-11-24 |
manager |
Richard Holden |
|
2003-07-26 |
2004-12-17 |
joint signing clerk |
Andreas Veith |
|
2003-03-28 |
2004-12-17 |
manager |
Mag. Karl Martin Theobald |
|
2008-12-23 |
2011-11-12 |
joint signing clerk |
Othmar Einwallner |
|
2000-12-02 |
2002-10-16 |
joint signing clerk |
Robert Fessler |
|
2000-07-25 |
2006-07-22 |
manager |
Mag. Christian Knill |
|
2007-11-24 |
2009-05-01 |
manager |
Mag. Christian Knill |
|
2000-04-28 |
2000-12-02 |
individual signing clerk |
Ing. Anton Tschann |
|
2000-12-02 |
2002-09-13 |
joint signing clerk |
Johann Schwarz |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
1989-00-00 |
1998-04-01 |
partner |
Maria Kill |
|
1978-09-19 |
2000-03-29 |
partner |
Gunther Knill |
|
Former
shareholdings: |
||
|
From |
To |
Name |
|
|
|
Lorünser Großhandel Gesellschaft m.b.H. & Co.KG. |
|
1992-03-04 |
1998-04-04 |
Lorünser Leichtmetallwerk Gesellschaft m.b.H. & Co KG |
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
: |
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.