MIRA INFORM REPORT

 

 

Report Date :

23.09.2014

 

IDENTIFICATION DETAILS

 

Name :

THEYSOHN EXTRUSIONSTECHNIK GMBH

 

 

Registered Office :

Girakstraße  2, A-2100 Korneuburg

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

12.06.1985

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of plastics and rubber machinery

 

 

No. of Employees :

41

 

 

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 :

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

 

 

 

 


 Basic company information

 

Company name:

Theysohn Extrusionstechnik GmbH

Status:

active company

Locations:

Girakstraße  2, A-2100 Korneuburg

Phone:

0043 (0) 059 6922201

Fax:

0043 (0) 059 6922202

E-mail:

office@ht-extrusion.com

E-mail:

info@theysohn.at

Internet:

http://www.ht-extrusion.com

Internet:

http://www.theysohn.at

Activities:

Önace 28960 100% Manufacture of plastics and rubber machinery

 

 

Collections

 

Date of collection order

Amount presently due

Amount presently paid

Collection status quo

since

2012-10-05

EUR 0,00

EUR 15.139,05

payment due to

2012-10-15

2012-05-16

EUR 0,00

EUR 1.697,86

payment due to

2012-06-11

2012-04-19

EUR 0,00

EUR 1.473,60

payment due to

2012-06-12

2012-04-18

EUR 0,00

EUR 2.055,60

balance (outstanding) payment

2012-05-30

2012-04-05

EUR 0,00

EUR 1.494,84

payment due to

2012-05-30

2011-10-07

EUR 0,00

EUR 756,00

payment due to

2011-10-21

2011-09-19

EUR 0,00

EUR 4.984,80

payment due to

2011-09-29

2011-09-05

EUR 0,00

EUR 1.080,00

payment due to

2011-09-20

Sums

EUR  0,00

EUR  28.681,75

 

 

 

 

Additional company information

 

Year of incorporation:

1985

 

Activities:

 

 

Type of company:

Manufacturing

 

Legal form:

limited liability company since 1985-06-12

 

companies' house number:

FN 64949 p Korneuburg 1985-07-15

 

DVR number:

0724831

 

VAT number:

ATU 18379804

 

number - Austrian National Bank:

1405241

 

 

 

 

Import 

Country 

 

 

 

Import

world-wide

 

2014

 

 

 

Export 

Country 

 

 

 

Export

world-wide

 

2014

 

 

 

Financial data

 

total turnover (total sales)

2013

EUR  17.000.000,00

(estimated)

total turnover (total sales)

2012

EUR  17.100.000,00

(approx.)

total turnover (total sales)

2011

EUR  16.424.175,38

(exact)

total turnover (total sales)

2010

EUR  30.142.977,88

(exact)

total turnover (total sales)

2009

EUR  18.162.082,07

(exact)

total employees

2014

41

(exact)

total investments

2012

EUR  71.569,34

(exact)

total company vehicles

2014

16

(approx.)

 

 

Extraxt from the Companies' House

 

firm (style):

   41      Theysohn Extrusionstechnik GmbH

legal form:

    1      Gesellschaft mit beschränkter Haftung

registered office:

    1      politischer Gemeinde Korneuburg

business adress:

    1      Girakstraße 2
           2100 Korneuburg

capital:

   37      EUR 1.351.714,72

reference date annual accounts:

    1      31. Dezember

annual accounts:

   46      zum 31.12.2012 eingereicht am 23.09.2013

power of representation:

    1      Die Generalversammlung bestimmt, wenn mehrere Geschäfts-
           führer bestellt sind, deren Vertretungsbefugnis.
    1   Gesellschaftsvertrag  vom 12.06.1985                                001
          mit einem Nachtrag vom 11.07.1985.
    1   Der Gesellschaftsvertrag wurde mehrfach geändert, zuletzt           002
          mit Beschluss der Generalversammlung  vom 15.12.1989
    1   Generalversammlungsbeschluss  vom 31.05.1991                        003
          Kapitalerhöhung um ATS 13.060.000,--.
          Änderung des Gesellschaftsvertrages im Punkt Viertens.
    1   Verschmelzungsvertrag  vom 20.03.1992                               004
    1   Generalversammlungsbeschluss  vom 20.03.1992                        005
          Diese Gesellschaft wurde als
          übernehmende Gesellschaft mit der
          TET Holding Gesellschaft m.b.H.
          als übertragender Gesellschaft verschmolzen.
          Sitz der übertragenden Gesellschaft in Korneuburg.
   31   Generalversammlungsbeschluss  vom 20.03.2008                        006
          Änderung des Gesellschaftsvertrages im Punkt Sechstens.
   37   Gesellschaftsvertrag mit Generalversammlungsbeschluss               007
          vom 19.10.2010
          gemäß 1. Euro-JuBeG angepasst.
   37   Generalversammlungsbeschluss  vom 19.10.2010                        008
          Neufassung des Gesellschaftsvertrages.
   41   Generalversammlungsbeschluss  vom 14.09.2012                        009
          Neufassung des Gesellschaftsvertrages.

proxy:

        AE   Ing. Peter Cervenka, geb. 17.08.1957
   49        vertritt seit 22.05.2014 gemeinsam mit
             einem zweiten Gesamtprokuristen oder einem
             Geschäftsführer
        AF   Franz Klaudinger, geb. 09.09.1966
   49        vertritt seit 22.05.2014 gemeinsam mit
             einem zweiten Gesamtprokuristen oder einem
             Geschäftsführer
        AH   Edmund Landrock, geb. 25.04.1971
   49        vertritt seit 22.05.2014 gemeinsam mit
             einem zweiten Gesamtprokuristen oder einem
             Geschäftsführer

managing director:

        AD   Dipl.-Ing.(FH) Michael Döring, geb. 08.10.1967
   48        vertritt seit 27.03.2014 selbständig

shareholder:

        AG   MUT HOLDING GmbH
   47        ....................  EUR 1.351.714,72
   47        ...............................................  EUR 1.351.714,72
                        -------------------------------------------------------
                 Summen:           EUR 1.351.714,72           EUR 1.351.714,72

general table:

 Landesgericht Korneuburg
   1 datenersterfaßt am 01.12.1993              Geschäftsfall 916 Fr   325/93 i
       Ersterfassung gem. Art. XXIII Abs. 4 FBG
  31 eingetragen am 03.05.2008                  Geschäftsfall  33 Fr   777/08 g
       Antrag auf Änderung  eingelangt am 10.04.2008
  37 eingetragen am 19.11.2010                  Geschäftsfall  33 Fr  2421/10 t
       Antrag auf Änderung  eingelangt am 21.10.2010
  41 eingetragen am 20.09.2012                  Geschäftsfall  33 Fr  1732/12 x
       Antrag auf Änderung  eingelangt am 17.09.2012
  44 eingetragen am 21.06.2013                  Geschäftsfall  33 Fr   809/13 y
       Antrag auf Änderung  eingelangt am 13.06.2013
  46 eingetragen am 18.10.2013                  Geschäftsfall  33 Fr  1613/13 f
       Elektronische Einreichung Jahresabschluss  eingelangt am 23.09.2013
  47 eingetragen am 03.04.2014                  Geschäftsfall  33 Fr   499/14 a
       Antrag auf Änderung  eingelangt am 31.03.2014
  48 eingetragen am 08.04.2014                  Geschäftsfall  33 Fr   546/14 w
       Antrag auf Änderung  eingelangt am 03.04.2014
  49 eingetragen am 29.05.2014                  Geschäftsfall  33 Fr  1155/14 s
       Antrag auf Änderung  eingelangt am 26.05.2014

 

Real estate

 

Registration number of real estate  2435  Cadastral register  11006  Korneuburg N  Number and date of entry  1909/2007  Status of  2013-09-20 

Part A - type of real estate  :

    GST-NR  G BA (NUTZUNG)          FLäCHE  GST-ADRESSE
    250/1   G GST-Fläche        *    14925
              Baufl.(Gebäude)         3397
              Sonstige               11528
              (Werksgelände)                Girakstraße 2
 

Part B - ownership details  :

    1 ANTEIL: 1/1
      Theysohn Extrusionstechnik Gesellschaft m.b.H.
      ADR: Girakstr. 2, Korneuburg   2100
       a 2723/1990 Kaufvertrag 1989-04-24 Eigentumsrecht
       b 726/1991 Namensänderung
 

Part C - registered charges  :

    7  a 1670/2007 Pfandurkunde 2007-05-11
           PFANDRECHT                              Höchstbetrag EUR 3,600.000,--
           für BKS Bank AG
            Eintragungen ohne Währungsbezeichnung sind Beträge in ATS
 

 

 

Private data

 

 

Surname

 

 

Date of birth

 

 

Address

 

 

Executive positions

 

Further executive positions (as registered in the companies' house)

Dipl.-Ing.(FH)  Michael Döring

1967-10-08 

 

38259 Salzgitter Auf dem Hügel 57

manager

 

0

 

Ing.  Peter Cervenka

 

1957-08-17 

 

1110 Wien Simmeringer Hauptstraße 78

joint signing clerk

 

0

 

Franz Klaudinger

 

1966-09-09 

 

1110 Wien Kaiser Ebersdorferstraße 9

joint signing clerk

 

0

 

Edmund Landrock

 

1971-04-25 

 

2464 Göttlesbrunn Buchenweg 13(c/o)

joint signing clerk

 

2

 

 

 

Balance Sheet 

(absolute) all amounts in EUR 

 

 

2012-12-31 

 

 

 

 

Franchises, patents, licences, trademarks and similar rights and advantages

3.602,13

 

 

 

 

Sum intangible assets

3.602,13

 

 

 

 

 

Land with buildings (building value)

817.773,43

 

 

 

 

Other operating and business equipment

186.690,72

 

 

 

 

Technical plants and machines

84.539,46

 

 

 

 

Sum tangible assets

1.089.003,61

 

 

 

 

 

Shares on related firms

2.412.000,00

 

 

 

 

Other shareholdings

1.300.343,08

 

 

 

 

Other financial assets, values and securities of fixed assets

73.012,19

 

 

 

 

Sum financial assets

3.785.355,27

 

 

 

 

 

Sum fixed assets

4.877.961,01

 

 

 

 

 

Raw-, auxiliary materials and supplies

1.382.185,24

 

 

 

 

Unfinished products

182.614,74

 

 

 

 

Finished products

279.829,19

 

 

 

 

Outstanding service claims

1.145.961,00

 

 

 

 

Advanced payments

107.445,56

 

 

 

 

Sum stock

3.098.035,73

 

 

 

 

 

Claims from delivered goods and performed services

1.482.690,63

 

 

 

 

Claims against related firmes Claims against companies with shareholding relationship

7.951.634,68

 

 

 

 

Special account claims

395.541,76

 

 

 

 

Sum claims

9.829.867,07

 

 

 

 

 

Cash on hand, cheques and bank deposits

72.029,49

 

 

 

 

Sum cash and bank

72.029,49

 

 

 

 

 

Sum current assets

12.999.932,29

 

 

 

 

 

Deferred charges

91.971,50

 

 

 

 

Sum deferred charges

91.971,50

 

 

 

 

Assets

17.969.864,80

 

 

 

 

 

Subscribed/declared capital

1.351.714,72

 

 

 

 

Capital reserves

6.800.000,00

 

 

 

 

Balance sheet profit/balance sheet loss

-9.927.719,37

 

 

 

 

Thereof profit/loss carried forward

-4.286.300,85

 

 

 

 

Sum equity capital

-1.776.004,65

 

 

 

 

 

Reserves for severance pays

454.056,56

 

 

 

 

Other reserves

1.291.571,26

 

 

 

 

Sum reserves

1.745.627,82

 

 

 

 

 

Liabilities against credit institutes

12.857.936,07

 

 

 

 

Received advanced payments for orders

1.954.931,07

 

 

 

 

Liabilities from delivered goods and performed services

2.026.654,91

 

 

 

 

Liabilities against related firms

613.008,16

 

 

 

 

Other liabilities

547.711,42

 

 

 

 

Sum liabilities

18.000.241,63

 

 

 

 

 

Liabilities

17.969.864,80

 

 

 

 

 

Balance sheet sum

17.969.864,80

 

 

 

 

 

 

P / L Account 

(absolute) all amounts in EUR 

 

 

2012-12-31 

 

 

 

 

Gross profit 

2.510.012,35

 

 

 

 

Total turnover or gross profit 

2.510.012,35

 

 

 

 

 

Profits from retirement of fixed assets, except financial assets 

89.849,64

 

 

 

 

Income from dissolution of reserves 

4.762,76

 

 

 

 

Other operating profits 

502.516,20

 

 

 

 

Other operating profits totally 

597.128,60

 

 

 

 

 

Wages 

-456.289,66

 

 

 

 

Salaries 

-2.302.711,08

 

 

 

 

Costs for severance pays 

-220.670,30

 

 

 

 

Legal fringe benefits and other payments depending on salaries 

-778.891,48

 

 

 

 

Other social fringe benefits 

-11.124,10

 

 

 

 

Personnel expenses totally 

-3.769.686,62

 

 

 

 

 

Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation 

-1.084.091,81

 

 

 

 

Depreciation tangible assets / intangible assets totally 

-1.084.091,81

 

 

 

 

 

Other operating costs 

-3.562.466,19

 

 

 

 

Other taxes 

-22.530,55

 

 

 

 

Total costs 

-3.584.996,74

 

 

 

 

 

Operating result totally 

-5.331.634,22

 

 

 

 

 

Interest income, securties income and similar income 

190.163,57

 

 

 

 

Interest and similar disbursements 

-499.947,87

 

 

 

 

Financial profits totally 

-309.784,30

 

 

 

 

 

Results from usual business activity totally 

-5.641.418,52

 

 

 

 

 

Annual surplus/annual deficit totally 

-5.641.418,52

 

 

 

 

 

Annual profit/annual loss totally 

-5.641.418,52

 

 

 

 

 

Profit and loss carried forward from previous year 

-4.286.300,85

 

 

 

 

Transfer of profits totally 

-4.286.300,85

 

 

 

 

B/S profit/ B/S loss from profit and loss account 

-9.927.719,37

 

 

 

 

 

 


Key ratios

 

 

2012  

 

 

 

 

 

Cash flow II

  -4.557.326,71

 

 

 

 

 

Debt amortisation period

  -3,88

 

 

 

 

 

Bank indebtedness

  71,55

 

 

 

 

 

Equity capital share

  -11,08

 

 

 

 

 

Social capital share

  2,52

 

 

 

 

 

Fixed assets coverage

  -27,10

 

 

 

 

 

Net profit ratio

  0,00

 

 

 

 

 

Capital turnover

  0,00

 

 

 

 

 

Return on investment

  -28,61

 

 

 

 

 

Cash flow in % of operating performance

  0,00

 

 

 

 

 

Cash flow I

  -4.557.326,71

 

 

 

 

 

Gross productivity

  0,00

 

 

 

 

 

Net productivity

  0,00

 

 

 

 

 

Operating performance

  0,00

 

 

 

 

 

Inventories in % of operating performance

  0,00

 

 

 

 

 

Gross profit

  2.510.012,35

 

 

 

 

 

 

 

Locations

 

Type

Locations

Description

 

 

E-mail 

operational 

Girakstraße  2, A-2100 Korneuburg

registered office 

 

 

 

operational 

Girakstraße  2, A-2100 Korneuburg

registered headquarters, owned property 

 

 

office@ht-extrusion.com

info@theysohn.at

former 

Schellinggasse  1, A-1010 Wien

office 

 

 

 

former 

Breitwiesenstraße  1, A-4481 Asten

registered headquarters 

 

 

 

 

 

related companies

 

Company name

 

Postal code

 

Stake in %

 

 

 

Shares in this company are held by:

MUT HOLDING GmbH

 

John F. Kennedystraße  48, D-38228 Salzgitter

100 % 2014-04-04

 

 

 

 

 

Bankers

 

 

 

 

Banker

Bank sort code

Type of banking connection

BKS Bank AG, 9010 Klagenfurt

 

17000

 

bank connection on mortgage basis

 

Volksbank Wolfenbüttel, Deutschland, Hauptbankverbindung.

 

 

 

Historical development

 

Year of incorporation:

1985

Date of registration:

1985-07-15

 

Change of company name:

From

To

Company name

   

  2010-11-19

Theysohn Extrusionstechnik Gesellschaft m.b.H. 

  2010-11-19

  2012-09-20

High Tech Extrusion GmbH 

  2012-09-20

   

Theysohn Extrusionstechnik GmbH 

 

Change in share capital:

From

To

Capital

   

  2010-11-19

ATS  18.600.000,00

  2010-11-19

   

EUR  1.351.714,72

 

Former executives:

From

To

Function

Name

   

  2013-02-26

manager 

Dipl-Ing. Peter Glatzmeier 

  2013-02-26

  2014-04-08

manager 

Wolfgang Grabner 

   

  1996-08-23

joint signing clerk 

Ing. Helmut Habisohn 

  2002-07-03

  2003-10-08

manager 

Dipl-Ing. Sven Wolf 

  2006-07-05

  2007-01-25

manager 

Dipl-Ing. Sven Wolf 

  2008-05-03

  2009-07-01

manager 

Dipl-Ing. Gottfried Ebner 

  2009-07-01

  2012-07-04

manager 

Friedrich Xaver Gruber 

   

  1997-10-14

joint signing clerk 

Wolfgang Hild 

  2002-07-03

  2003-10-08

joint signing clerk 

Heinz Sautner 

  1997-04-26

  2008-05-03

manager 

Rudolf Zahradnik 

  2003-10-08

  2006-07-05

joint signing clerk 

Ing. Franz Reschl 

   

  2013-06-21

joint signing clerk 

Mag. Kurt Philipp Helletzgruber 

  2006-07-05

  2009-07-01

manager 

Ing. Franz Reschl 

  2010-10-15

  2012-07-04

joint signing clerk 

Sabine Strigl 

   

  1996-08-23

manager 

Heinrich Quanz 

   

  2000-11-16

manager 

Dipl-Ing. Heinz Claßen 

   

  2002-07-03

manager 

Dkfm.Dr. Stefan Schatz 

  2010-10-15

  2012-02-04

joint signing clerk 

Michael Kohlmaier 

 

Former shareholders:

From

To

Function

Name

  1985-06-12

  1993-12-01

partner 

THEYSOHN Maschinenbau GmbH 

  1985-06-12

  2002-07-03

partner 

Friedrich Theysohn Gesellschaft m.b.H. 

  1985-06-12

  2002-07-03

partner 

Friedrich Theysohn Maschinenbau Gesellschaft m.b.H. 

  2002-07-03

  2003-10-02

partner 

THEYSOHN Maschinenbau GmbH 

  2003-10-02

  2007-01-18

partner 

Dipl-Ing. Sven Wolf 

  2003-10-02

  2008-05-03

partner 

Siegfried Topf 

  2003-10-02

  2008-05-03

partner 

Rudolf Zahradnik 

  2003-10-02

  2010-11-18

partner 

"THEYSOHN" Holding GmbH 

  2010-11-19

  2012-07-04

partner 

ZTW Holding GmbH 

  2008-05-03

  2013-02-26

partner 

HTI High Tech Industries AG 

  2013-02-26

  2014-04-03

partner 

RLB - Beteiligungs- und Treuhandgesellschaft m.b.H. 

  2012-07-04

  2014-04-03

partner 

DILIGENTA Holding GmbH 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.79

UK Pound

1

Rs.99.30

Euro

1

Rs.78.16

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SHG

 

               

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.