|
Report No. : |
317398 |
|
Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
WILFRIED HEINZEL AKTIENGESELLSCHAFT |
|
|
|
|
Registered Office : |
Wagramerstraße 28-30 A-1223 Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of
Incorporation : |
1948 |
|
|
|
|
Legal Form : |
Joint Stock Company Since 1991-07-11 |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
59 (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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 in 2010-12. Growth fell below 1% in 2013-14. 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. Stabilization measures, stimulus spending, and an income tax reform pushed the budget deficit to 4.5% in 2010. 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. The deficit was steadily reduced to 1.5% of GDP in 2014 as a result of the measures. 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.
|
Source
: CIA |
WILFRIED HEINZEL
AKTIENGESELLSCHAFT
Wagramerstraße 28-30
A-1223 Wien
|
Phone: |
(0043) 1 26011 |
|
Fax: |
(0043) 1 2636363 |
|
E-mail: |
office@austria.heinzelsales.com |
|
Internet: |
http://www.heinzelsales.com |
ÖNACE 46761 50% Wholesale of paper in bulk
ÖNACE 46750 50% Wholesale of chemical products
Financial details can also be entered during the period, irrespective of the balance sheet date.
|
total turnover (total sales) |
2014 |
EUR |
230.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2013 |
EUR |
230.884.118,09 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR |
227.704.199,15 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR |
278.681.948,69 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR |
226.554.427,61 |
(exact) |
|
turnover (sales) - group |
2013 |
EUR |
1.329.000.000,00 |
(approx.) |
|
turnover (sales) - group |
2012 |
EUR |
1.037.000.000,00 |
(approx.) |
|
turnover (sales) - group |
2011 |
EUR |
1.000.000.000,00 |
(approx.) |
|
turnover (sales) - group |
2010 |
EUR |
686.000.000,00 |
(approx.) |
|
turnover (sales) - group |
2009 |
EUR |
534.851.000,00 |
(exact) |
|
total investments |
2013 |
EUR |
3.605.076,44 |
(exact) |
|
total company vehicles |
2015 |
|
14 |
(approx.) |
|
cars |
2015 |
|
14 |
(approx.) |
|
total employees |
2015 |
|
59 |
(approx.) |
|
white collar workers |
2015 |
|
58 |
(approx.) |
|
blue collar workers |
2015 |
|
1 |
(approx.) |
|
Company name |
Wilfried Heinzel Aktiengesellschaft |
|||||||||
|
Year of incorporation |
1948 |
|||||||||
|
Type of company |
Wholesale and retail trade; repair of motor vehicles |
|||||||||
|
Legal form |
joint stock company since 1991-07-11 |
|||||||||
|
Trade names |
Heinzel Pulp and Paper Group |
|||||||||
|
Companies House number |
FN 55340 h Wien
since 1991-08-26 |
|||||||||
|
Import |
|
|||||||||
|
Export |
|
|||||||||
|
VAT number |
ATU 15294802 |
|||||||||
|
number - Austrian National Bank |
1630466 |
|||||||||
|
Last balance sheet: |
2013 |
|||||||||
|
Banking connection |
|
|
operational |
A-1223 Wien, Wagramer Straße 28-30 |
registered office |
|
operational |
A-1223 Wien, Wagramerstraße 28-30, (seit 09.12.1997) |
registered headquarters, rented premises |
|
|
0043 1 26011 |
office@austria.heinzelsales.com |
|
operational |
A-1223 Wien, Postfach 57 |
postbox |
|
former |
A-1020 Wien, Engerthstraße 161-163 |
registered office |
|
former |
A-1020 Wien, Engerthstraße 161-163 |
registered headquarters |
|
former |
A-1010 Wien, Kärntner Ring 2 |
registered headquarters |
|
Surname |
Date of birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Gerhard Gessl |
1957-07-30 |
A-1223 Wien Wagramerstraße 28-30 (c/o) |
joint signing clerk |
1 |
|
Peter Nassey |
1953-02-06 |
A-2522 Oberwaltersdorf Schloßsee 2 |
joint signing clerk |
0 |
|
Jürgen Nemeth |
1973-08-07 |
A-2460 Bruck Leitha Telering 21 |
joint signing clerk |
0 |
|
Peter Schak |
1961-06-20 |
A-1223 Wien Wagramerstraße 28-30 (c/o) |
joint signing clerk |
0 |
|
Mag. Dietmar Geigl |
1973-08-23 |
A-2345 Brunn Gebirge Feldstraße 19 |
member of the executive board |
2 |
|
Sebastian Heinzel |
1977-08-20 |
A-1170 Wien Artariastraße 12 |
member of the executive board |
1 |
|
Andrew Paul |
1955-03-29 |
A-7201 Neudörfl Straße III |
member of the executive board head of sales head of marketing |
4 |
|
Moncef Reisner |
1956-07-23 |
A-1223 Wien Wagramerstraße 28-30 (c/o) |
member of the executive board |
1 |
|
Dipl-Betriebsw. Alfred Heinzel |
1947-07-20 |
A-1010 Wien Schwertgasse 4 |
chairman of the supervisory board |
16 |
|
Rolf Johannesson |
1956-04-03 |
S-85188 Sundsvall Skepperplatsen 1 |
deputy chairman of the supervisory board |
0 |
|
Nadja Blenk |
1975-02-16 |
A-2011 Sierndorf Zelkinggasse 29 |
member of the supervisory board |
0 |
|
KR Martha Dobringer |
1947-01-16 |
A-1010 Wien Wollzeile 9 |
member of the supervisory board |
2 |
|
Dr. Johannes Klezl-Norberg |
1957-05-02 |
A-2371 Hinterbrühl Gaadnerstraße 80 |
member of the supervisory board |
36 |
|
Mag. Helmut Limbeck |
1968-01-18 |
A-7122 Gols Sportplatzgasse 23 |
member of the supervisory board |
9 |
|
Ulrike Ullrich-Springer |
1969-03-17 |
A-1210 Wien Leopoldauerstraße 19 |
member of the supervisory board |
0 |
|
Karin Schnabl |
|
A-1223 Wien Wagramerstraße 28-30(c/o) |
head of accounting |
0 |
|
Sabine Irmler |
1964-06-27 |
A-1223 Wien Wagramerstraße 28-30(c/o) |
head of personnel |
0 |
|
Company name |
Address |
Shareholdings in
% |
Since |
Commercial
register no. |
|
Shares in this company are held by: |
||||
|
Heinzel Holding GmbH |
A-4655 Vorchdorf Einsiedlingerstraße 47 |
90 % |
|
FN 96380 k |
|
P & S BETEILIGUNGSGMBH |
A-7201 Neudörfl Straße III |
10 % |
2002-03-25 |
FN 220199 y |
|
This company holds 100% of the shares in: |
||||
|
Heinzel Pulpsales GmbH |
A-2371 Hinterbrühl Gaadnerstraße 80 |
100 % |
2009-09-11 |
FN 332630 m |
|
Affiliated companies and further participations: |
||||
|
Europapier CE GmbH |
A-1210 Wien Autokaderstraße 86-96 |
|
|
FN 72070 k |
|
Heinzel, Bunzl Service GmbH |
A-1220 Wien Wagramerstraße 28-30 |
|
|
FN 242766 i |
|
Europapier International AG |
A-2371 Hinterbrühl Gaadnerstraße 80 |
|
|
FN 332815 i |
|
Kraftwerk Katzling GmbH |
A-8761 Pöls Dr. Luigi Angelistraße 9 |
|
|
FN 405472 h |
|
Kraftwerk Laakirchen GmbH |
A-4663 Laakirchen Schillerstraße 5 |
|
|
FN 405474 k |
|
Laakirchen Papier AG |
A-4663 Laakirchen Schillerstraße 5 |
|
|
FN 171841 h |
|
Zellstoff Pöls Aktiengesellschaft |
A-8761 Pöls Dr. Luigi Angelistraße 9 |
|
|
FN 200511 w |
|
Heinzel, Bunzl Immobilien GmbH |
A-1220 Wien Wagramerstraße 28-30 |
|
|
FN 232928 t |
|
Heinzel Paper GmbH |
A-2371 Hinterbrühl Gaadnerstraße 80 |
|
|
FN 332306 k |
|
Heinzel EMACS Beteiligungs AG |
A-1223 Wien Wagramerstraße 28-30 |
|
|
FN 252220 m |
|
|
2013-12-31 |
|
EDP programs |
10.113,00 |
|
Franchises, patents, licences, trademarks and similar rights and advantages |
1.667,00 |
|
Sum intangible assets |
11.780,00 |
|
Other operating and business equipment |
153.817,00 |
|
Sum tangible assets |
153.817,00 |
|
Shares on related firms |
4.717.809,99 |
|
Other financial assets, values and securities of fixed assets |
178.575,48 |
|
Sum financial assets |
4.896.385,47 |
|
Sum fixed assets |
5.061.982,47 |
|
Finished products |
13.937.489,63 |
|
Advanced payments |
3.186.031,66 |
|
Sum stock |
17.123.521,29 |
|
Claims from delivered goods and performed services |
40.659.311,38 |
|
Claims against companies with shareholding relationship |
583.631,58 |
|
Claims against related firmes Claims against companies with shareholding relationship |
17.878.467,16 |
|
Other claims and assets |
1.077.357,33 |
|
Sum claims |
60.198.767,45 |
|
Cash on hand, cheques and bank deposits |
1.112.785,79 |
|
Sum cash and bank |
1.112.785,79 |
|
Sum current assets |
78.435.074,53 |
|
Deferred charges |
72.352,21 |
|
Sum deferred charges |
72.352,21 |
|
Assets |
83.569.409,21 |
|
|
|
|
Subscribed/declared capital |
1.825.000,00 |
|
Not committed capital reserves |
181.752,94 |
|
Legal reserves |
747,06 |
|
Free reserves |
3.988.755,88 |
|
Balance sheet profit/balance sheet loss |
23.522.151,15 |
|
Thereof profit/loss carried forward |
16.684.729,18 |
|
Sum equity capital |
29.518.407,03 |
|
Reserves for severance pays |
1.301.544,64 |
|
Reserves for pensions |
174.853,68 |
|
Other reserves |
2.112.103,83 |
|
Sum reserves |
3.588.502,15 |
|
Liabilities against credit institutes |
5.507.888,34 |
|
Received advanced payments for orders |
2.388.485,90 |
|
Liabilities from delivered goods and performed services |
35.054.620,17 |
|
Liabilities against related firms |
6.688.377,58 |
|
Liabilities against firm with shareholding relationship |
66.972,86 |
|
Other liabilities |
756.155,18 |
|
Sum liabilities |
50.462.500,03 |
|
|
|
|
Liabilities |
83.569.409,21 |
|
Contingent liabilities |
3.298.099,69 |
|
Balance sheet sum |
83.569.409,21 |
|
|
|
|
|
2013-12-31 |
|
Gross
sales |
230.884.118,09 |
|
Total
turnover or gross profit |
230.884.118,09 |
|
|
|
|
Income
from dissolution of reserves |
161.600,28 |
|
Other
operating profits |
1.414.868,66 |
|
Other
operating profits totally |
1.576.468,94 |
|
|
|
|
Costs
for obtained services |
-217.924.200,96 |
|
Costs
for obtained services totally |
-217.924.200,96 |
|
|
|
|
Wages |
-20.568,21 |
|
Salaries |
-4.143.301,95 |
|
Costs
for severance pays |
553,26 |
|
Costs
for old age pension |
3.362,00 |
|
Legal
fringe benefits and other payments depending on salaries |
-867.599,59 |
|
Other
social fringe benefits |
-42.459,66 |
|
Personnel
expenses totally |
-5.070.014,15 |
|
|
|
|
Depreciation
of intangible assets, tangible assets,activated expenses for the set up and
expansion of business operation |
-170.551,47 |
|
Depreciation
tangible assets / intangible assets totally |
-170.551,47 |
|
|
|
|
Other
operating costs |
-4.954.772,45 |
|
Other
taxes |
-11.046,58 |
|
Total
costs |
-4.965.819,03 |
|
|
|
|
Operating
result totally |
4.330.001,42 |
|
|
|
|
Profits
from shareholdings |
3.619.368,16 |
|
Income
from other securities and loans of financial assets |
34,28 |
|
Interest
income, securties income and similar income |
331.049,19 |
|
Interest
and similar disbursements |
-263.652,95 |
|
Financial
profits totally |
3.686.798,68 |
|
|
|
|
Results
from usual business activity totally |
8.016.800,10 |
|
|
|
|
Taxes
on income and profits |
-1.179.378,13 |
|
Taxes
on income and profits totally |
-1.179.378,13 |
|
|
|
|
Annual
surplus/annual deficit totally |
6.837.421,97 |
|
|
|
|
Annual
profit/annual loss totally |
6.837.421,97 |
|
|
|
|
Profit
and loss carried forward from previous year |
16.684.729,18 |
|
Transfer
of profits totally |
16.684.729,18 |
|
|
|
|
B/S
profit/ B/S loss from profit and loss account |
23.522.151,15 |
|
|
|
|
|
2013 |
|
Cashflow
II |
7.007.973,44 |
|
Debt
amortisation period in years |
7,21 |
|
Bank
indebtedness |
6,59 |
|
Equity
capital share in % |
36,36 |
|
Social
capital share |
1,76 |
|
Fixed
assets coverage |
612,30 |
|
Net
profit ratio |
3,47 |
|
Capital
turnover |
2,76 |
|
Return
on investment in % |
9,90 |
|
Cashflow
in % of operating performance |
3,03 |
|
Cashflow
I |
8.187.351,57 |
|
Gross
productivity |
45,53 |
|
Net
productivity |
2,55 |
|
Operating
performance |
230.884.118,09 |
|
Inventories
in % of operating performance |
7,41 |
|
Gross
profit |
12.959.917,13 |
Note
No real estate property registered
|
firm (style) |
1 Wilfried
Heinzel Aktiengesellschaft |
|
legal form |
1
Aktiengesellschaft |
|
registered
office |
1 politischer
Gemeinde Wien |
|
business
adress |
11 Wagramer
Straße 28-30 |
|
capital |
18 EUR
1.825.000 |
|
reference
date annual accounts |
1 31. Dezember |
|
annual
accounts |
44 zum
31.12.2013 eingereicht am 25.06.2014 |
|
consolidated
accounts |
18 zum
31.12.2000 eingereicht am 17.05.2001 |
|
power of
representation |
1 Die
Gesellschaft wird, wenn mehrere Vorstandsmitglieder |
|
other
provisions |
1 Der Vorstand
besteht aus 1, 2 oder 3 Personen. |
|
|
|
|
board of directors |
|
|
B Andrew Paul,
geb. 29.03.1955 |
|
|
|
|
|
proxy |
|
|
N Gerhard Gessl,
geb. 30.07.1957 |
|
|
|
|
|
supervisory board |
|
|
K Dr Johannes
Klezl-Norberg, geb. 02.07.1957 |
|
|
|
|
|
general table |
|
|
Handelsgericht Wien |
|
|
Year of
incorporation |
1948 |
|
Date of
registration |
1991-08-26 |
Change in share capital
|
from |
to |
asset |
|
|
|
2001-05-22 |
ATS |
25.000.000,00 |
|
2001-05-22 |
|
EUR |
1.825.000,00 |
Former executives
|
from |
to |
position |
name |
|
2005-01-25 |
2011-05-05 |
joint signing
clerk |
Abdelkerim
Farhat Moalla |
|
2005-01-25 |
2011-07-02 |
joint signing
clerk |
Jürgen Nemeth |
|
1998-01-29 |
2014-07-17 |
joint signing
clerk |
Mag. Dijana
Schak |
|
2009-06-27 |
2010-06-15 |
deputy
chairman of the executive board |
Mag. Dietmar
Geigl |
|
2010-06-15 |
2012-08-23 |
deputy
chairman of the executive board |
Moncef
Reisner |
|
|
2003-09-23 |
member of the
executive board |
Dr. Heinz
Zinner |
|
2004-06-04 |
2010-06-15 |
member of the
executive board |
Mag. Helmut
Limbeck |
|
2000-07-20 |
2001-05-22 |
deputy
chairman of the supervisory board |
Dipl-Betriebsw.
Alfred Heinzel |
|
1999-03-16 |
2007-07-27 |
member of the
supervisory board |
Sabine Irmler |
|
2003-09-23 |
2004-06-04 |
joint signing
clerk |
Mag. Helmut
Limbeck |
|
2007-09-19 |
2010-06-15 |
joint signing
clerk |
Mag. Dietmar
Geigl |
|
|
2010-06-15 |
joint signing
clerk |
Moncef
Reisner |
|
2003-05-22 |
2004-06-04 |
member of the
executive board |
Hans Müksch |
|
|
2003-05-22 |
joint signing
clerk |
Hans Müksch |
|
|
2001-05-22 |
chairman of
the supervisory board |
Dr. Karl
Ludwig |
|
2001-05-22 |
2007-07-27 |
deputy
chairman of the supervisory board |
Dr. Karl
Ludwig |
|
2007-07-27 |
2011-07-02 |
deputy
chairman of the supervisory board |
Dr. Heinrich
Georg Stahl |
|
2003-05-22 |
2007-07-27 |
member of the
supervisory board |
Dr. Heinrich
Georg Stahl |
|
2007-07-27 |
2008-11-19 |
member of the
supervisory board |
Martina
Bauhofer |
|
|
1997-02-11 |
joint signing
clerk |
Wilhelm
Hofmann |
|
|
2004-01-23 |
joint signing
clerk |
Djurdjevka
Stojanovic |
|
2011-07-02 |
2013-06-11 |
deputy
chairman of the supervisory board |
Dkfm.
Wolfgang Pfarl |
|
2005-01-25 |
2010-01-20 |
joint signing
clerk |
Doris Führer |
|
2008-07-01 |
2011-07-02 |
member of the
supervisory board |
Dkfm.
Wolfgang Pfarl |
|
2002-01-31 |
2008-07-18 |
joint signing
clerk |
Dipl-Ing.
Abdulkarim Al Resheg |
|
|
1997-02-11 |
member of the
supervisory board |
Ing. Franz
Rappold |
|
|
2000-07-20 |
member of the
supervisory board |
Ulf
Ragnarsson Frölander |
|
1997-08-26 |
2003-05-22 |
member of the
supervisory board |
Dkfm. Wilhelm
Demuth |
|
|
2005-05-03 |
member of the
supervisory board |
Mag. Reinhard
Karl |
|
|
1999-03-16 |
employee's
representative on the supervisory board |
Elisabeth
Denk |
|
|
2007-07-27 |
employee's
representative on the supervisory board |
Henriette
Joska |
|
1997-02-11 |
2001-05-22 |
joint signing
clerk |
Mag. Norbert
Hofmann |
Former
shareholders
|
from |
to |
position |
name |
birth date |
|
|
1999-01-01 |
shareholder |
Erste Bank
Beteiligungen Gesellschaft m.b.H. |
|
|
|
2000-01-01 |
shareholder |
Evelyn
Heinzel |
1950-11-29 |
Former
shareholdings
|
from |
to |
company name |
birth date |
|
|
1989-12-04 |
Wilfried
Heinzel Beteiligungsgesellschaft m.b.H. |
|
|
1981-11-17 |
1991-12-18 |
Wilfried
Heinzel Rohstoff- Handelsgesellschaft m.b.H. |
|
|
|
1994-12-31 |
"Cellulosa
Pulp and Paper Trading"- Handelsgesellschaft m.b.H. in Liqu. |
|
|
|
1997-05-22 |
Heinzel-Harmanec
Handelsgesellschaft m.b.H. |
|
|
1999-12-03 |
2005-02-02 |
Zelpa
Handelsgesellschaft m.b.H. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.92.15 |
|
Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.