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Report Date : |
30.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
LITZ-KONFEKTION
GESELLSCHAFT M.B.H. |
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Registered Office : |
BiburgerstraGe
3, A-5270 Mauerkirchen |
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Country : |
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Financials (as on) : |
30.06.2013 |
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Date of Incorporation : |
1975 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Subject
is engaged in Financial and insurance activities |
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No of Employees : |
Not Available |
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 |
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Payment Behaviour : |
No Complaints |
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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 |
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Moderate |
B1 |
|
High |
B2 |
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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 |
|
Last
up-date: |
2014-09-25 |
|
Company
name: |
LITZ-Konfektion
Gesellschaft m.b.H. |
|
Status: |
active
company |
|
Locations: |
BiburgerstraGe
3, A-5270 Mauerkirchen |
|
Phone: |
0043 (7724) 2284 |
|
Fax: |
0043
(7724) 2284 - 21 |
|
Activities: |
Onace
64200 100% Activities of holding companies |
|
General
Assessment: |
|
|
|
Model:
CompanyScore |
|
Probability
of Default (Basel |
1,35% |
|
II): |
Low risk |
|
Detail
Assessment: |
|
|
|
As a rule
the active firm's payments are made on time according to conditions. In |
|
|
some
cases there have been delays and reminders |
|
|
|
|
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Firm is
merely a holding company and does not perform any important economic |
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|
activities.
Within the company's field of operations the solvency is weak. |
Additional company information
|
|
|
Year of
incorporation: |
1975 |
|
Activities: |
|
|
Type of
company: |
Financial
and insurance activities |
|
Legal
form: |
limited liability
company since 1975-05-02 |
|
companies'
house number: |
FN
112903 i Ried Innkreis 1975-06-16 |
|
number -
Austrian National |
996106 |
|
Bank: |
|
|
total
turnover (total sales) |
2013 |
|
(no
figures known) |
|
total employees |
2014 |
|
(not
available) |
Firm
(style):
1 LITZ-Konfektion Gesellschaft m.b.H.
Legal
form:
1 Gesellschaft mit beschrankter Haftung
Registered
office:
1 politischer Gemeinde Mauerkirchen
Business
adress:
1 Biburgerstr. 3
5270 Mauerkirchen
Capital:
1 ATS 5 0 0.000
Reference
date annual accounts:
1 30. Juni
Annual
accounts:
22 zum 30.06.2013 eingereicht am
21.03.2014
Power of
representation:
1 Die Generalversammlung bestimmt, wenn mehrere Geschafts-
fuhrer bestellt sind,
deren Vertretungsbefugnis. 1
Gesellschaftsvertrag vom
02.05.1975
mit Nachtrag vom 10.06.1975. 1 Generalversammlungsbeschluss vom 24.11.1986
Kapitalerhohung aus Gesellschaftsmitteln durch Umwandlung
eines Gewinnvortrages um ATS 400.000,--
Anderung des Gesellschaftsvertrages in Pkt. Funftens.
Managing
director:
D Ing. Rupert Litzlbauer, geb. 26.04.1965
1 vertritt seit 21.03.1994 selbstandig
Shareholder:
D Ing.
Rupert Litzlbauer, geb.
26.04.1965
14 ...................................................... ATS 500.000
14 ............................................................................................................ ATS 500.000
Summen:
ATS 500.000 ATS
500.000
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General table: |
|||
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Landesgericht
Ried im Innkreis |
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|
|
|
1
datenersterfaSt am 13.08.1994 Geschaftsfall |
914 Fr |
169/94 |
d |
|
Ersterfassung
gem. Art. XXIII Abs. 4 FBG |
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|
|
|
14
eingetragen am 10.03.2007 Geschaftsfall |
16 Fr |
623/07 |
a |
|
Antrag
auf Anderung eingelangt am
08.03.2007 |
|
|
|
|
22
eingetragen am 25.03.2014 Geschaftsfall |
16 Fr |
617/14 |
d |
|
Elektronische
Einreichung Jahresabschluss eingelangt |
am 21.03.2014 |
|
|
Real
estate text:
No real
estate property registered
|
Surname |
Date of
birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Ing.
Rupert Litzlbauer |
1965-04-26 |
5270
Mauerkirchen BiburgerstraGe 3 |
manager,
partner |
2 |
(Absolute)
all amounts in EUR
|
|
2013-06-30 |
|
|
|
|
|
Financial
assets |
22.267,29 |
|
|
|
|
|
Sum
financial assets |
22.267,29 |
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|||||
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Sum
fixed assets |
22.267,29 |
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|||||
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Claims
and other assets |
227.294,17 |
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|
|
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Sum
claims |
227.294,17 |
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|||||
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Sum
current assets |
227.294,17 |
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|||||
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Assets |
249.561,46 |
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|
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|
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|
|||||
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Subscribed/declared
capital |
36.336,42 |
|
|
|
|
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Balance
sheet profit/balance sheet loss |
189.914,11 |
|
|
|
|
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Thereof
profit/loss carried forward |
265.415,22 |
|
|
|
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Sum
equity capital |
226.250,53 |
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|||||
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Reserves |
4.200,00 |
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Sum
reserves |
4.200,00 |
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|||||
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Liabilities |
19.110,93 |
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|
|
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Sum liabilities |
19.110,93 |
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|||||
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Liabilities |
249.561,46 |
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|
|
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|||||
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Contingent
liabilities |
1.584.540,83 |
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|
|
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Balance
sheet sum |
249.561,46 |
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|
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|
2013 |
|
|
|
|
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Equity
capital share |
90,65 |
|
|
|
|
|
|
Fixed
assets coverage |
1.016,06 |
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|
Type |
Locations |
Description |
|
|
Phone
Fax |
|
|
operational |
BiburgerstraGe
3, A-5270 Mauerkirchen |
registered
office |
|
operational |
BiburgerstraGe
3, A-5270 Mauerkirchen |
registered
headquarters, rented premises |
|
|
0043
7724 2284 0043 7724 2284
21 |
|
|
Company name |
Postal code |
Stake in % |
|
Shares in this company are held by: |
||
|
Ing.
Rupert Litzlbauer |
BiburgerstraGe
3, A-5270 Mauerkirchen |
100 %
1994-08-13 |
Affiliated companies and further
participations:
|
Company name |
Postal code |
Stake in % |
Companies House |
|
Rupert Litzlbauer |
Sonnberg
11, A-5271 Moosbach |
|
|
|
LITZ -
KONFEKTION GmbH & Co KG |
BiburgerstraGe
3, A-5270 Mauerkirchen |
1992-05-11 |
FN 17994
m |
|
Banker |
Bank
sort code |
Type of
banking connection |
|
OberbankAG,
5230 Mattighofen |
15000 |
related
firms'accounts |
|
Volksbank
Altheim-Braunau, 5270 Mauerkirchen |
42550 |
related
firms'accounts |
|
Year of
incorporation: |
1975 |
|
Date of
registration: |
1975-06-16 |
|
Former
executives: |
|||
|
From |
To |
Function |
Name |
|
|
1997-08-06 |
manager |
Rupert
Litzlbauer |
|
|
|||
|
Former
shareholders: |
|||
|
From |
To |
Function |
Name |
|
1994-08-13 |
2007-03-10 |
partner |
Adolf
Litzlbauer |
|
1994-08-13 |
2007-03-10 |
partner |
Gertrude
Litzlbauer |
|
1994-08-13 |
2007-03-10 |
partner |
Rupert
Litzlbauer |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.43 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.