|
Report No. : |
319167 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DPX FINE CHEMICALS AUSTRIA GMBH & COKG |
|
|
|
|
Registered Office : |
St. Peterstraße 25, A-4020 Linz |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
1939 |
|
|
|
|
Legal Form : |
limited liability partnership |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
965 |
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 |
|
DPX FINE CHEMICALS
AUSTRIA GMBH & COKG St.
Peterstraße 25 A-4020
Linz |
||||||||||||||
|
|
|
||||||||||||
ÖNACE
20130 80% Manufacture of other inorganic basic chemicals
ÖNACE
46750 20% 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 |
380.000.000,00 |
(approx.) |
|
total
turnover (total sales) |
2013 |
EUR |
379.157.941,24 |
(exact) |
|
total
turnover (total sales) |
2012 |
EUR |
381.940.596,21 |
(exact) |
|
total
turnover (total sales) |
2011 |
EUR |
341.279.478,21 |
(exact) |
|
total
turnover (total sales) |
2010 |
EUR |
304.927.635,94 |
(exact) |
|
total
stock |
2015 |
EUR |
140.000.000,00 |
(average) |
|
total
investments |
2013 |
EUR |
9.466.854,69 |
(exact) |
|
total
employees |
2015 |
|
965 |
(approx.) |
|
white
collar workers |
2015 |
|
445 |
(approx.) |
|
blue
collar workers |
2015 |
|
461 |
(approx.) |
|
apprentices |
2015 |
|
59 |
(approx.) |
|
Company
name |
DPX
FINE CHEMICALS AUSTRIA GMBH & COKG |
|||||||||
|
Year
of incorporation |
1939 |
|||||||||
|
Type
of company |
Manufacturing |
|||||||||
|
Legal
form |
limited
liability partnership since 2000-09-21 |
|||||||||
|
Companies
House number |
FN
200540 m Linz since 2000-12-21 |
|||||||||
|
Import |
|
|||||||||
|
Export |
|
|||||||||
|
VAT
number |
ATU
50647803 |
|||||||||
|
number
- Austrian National Bank |
4932706 |
|||||||||
|
Last
balance sheet: |
2013 |
|||||||||
|
Banking
connection |
|
|
operational |
A-4020
Linz, St. Peter Straße 25 |
registered
office |
|
operational |
A-4020
Linz, St. Peterstraße 25 |
registered
headquarters, owned property |
|
|
0043
732 6916 |
|
|
operational |
A-4021
Linz, Postfach 933 |
postbox |
|
operational |
A-1040
Wien, Operngasse 17-21 |
main
administration, rented premises |
|
|
0043
1 585051511 |
info.dpc@dsm.com |
|
Surname |
Date
of birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Dipl-Ing.
Alexander Bauer |
1963-07-30 |
A-4020
Linz St. Peterstraße 25(c/o) |
joint
signing clerk |
0 |
|
Dipl-Ing.
Günther Feichtinger |
1965-06-27 |
A-4020
Linz St. Peterstraße 25(c/o) |
joint
signing clerk |
0 |
|
Ing.
Harald Gruber |
1963-06-18 |
A-4030
Linz Sennweg 33 |
joint
signing clerk |
0 |
|
Mag.
Klaus Hilber |
1964-07-22 |
A-4040
Lichtenberg Linz Libenauerstraße 31 |
joint
signing clerk |
3 |
|
Dipl-Ing.
Wolfgang Hillisch |
1969-08-24 |
A-4060
Leonding Forsthausstraße 52b |
joint
signing clerk |
1 |
|
Dipl-Ing.
Johann Hochholdinger |
1954-06-27 |
A-4020
Linz St. Peterstraße 25(c/o) |
joint
signing clerk |
0 |
|
Dr.
Otto Hrabak |
1960-09-16 |
A-4020
Linz St. Peterstraße 25(c/o) |
joint
signing clerk |
0 |
|
Harald
Leitner |
1954-07-03 |
A-4020
Linz St. Peterstraße 25 (c/o) |
joint
signing clerk |
0 |
|
Mag.
Birgit Ulla Muster |
1973-03-20 |
A-4020
Linz St. Peterstraße 25(c/o) |
joint
signing clerk |
0 |
|
Ing.
Friedrich Pölz |
1950-01-13 |
A-4040
Linz Michael Hainischstraße 13 |
joint
signing clerk |
1 |
|
Dr.
Bernt Schober |
1961-09-25 |
A-4020
Linz St. Peterstraße 25(c/o) |
joint
signing clerk |
0 |
|
Dr.
Michael Stanek |
1970-03-12 |
A-4020
Linz Pillweinstraße 43 |
joint
signing clerk |
1 |
|
Maria
Steinke |
1965-08-12 |
A-4300
St. Valentin Steyrerstraße 32 |
joint
signing clerk |
0 |
|
Peter
Mayer |
|
A-4020
Linz St. Peterstraße 25 (c/o) |
head
of accounting |
0 |
|
Company name |
Address |
Shareholdings
in % |
Since |
Commercial
register no. |
|
Shares in this company are held by: |
||||
|
DPx
Life Science Products International GmbH |
A-4020
Linz St. Peterstraße 25 |
|
2000-12-21 |
FN
192868 f |
|
|
|
|
|
|
|
DPx Fine
Chemicals GmbH |
A-4020
Linz St. Peterstraße 25 |
|
2000-12-21 |
FN
197457 d |
|
|
||||
|
FIRMA |
||||
|
48 DPx Fine Chemicals GmbH |
||||
|
|
||||
|
RECHTSFORM |
||||
|
1 Gesellschaft mit beschränkter Haftung |
||||
|
|
||||
|
KAPITAL |
||||
|
1 EUR 35.000 |
||||
|
|
||||
|
VERTRETUNGSBEFUGNIS |
||||
|
1 Die
Generalversammlung bestimmt, wenn mehrere Geschäfts- |
||||
|
|
||||
|
GESCHÄFTSFÜHRER (handelsrechtlich) |
||||
|
AD Dr. Erik
Salzbrenner, geb. 28.08.1960 |
||||
|
|
||||
|
GESELLSCHAFTER
STAMMEINLAGE HIERAUF GELEISTET |
||||
|
D DSM Life Science Products |
||||
|
|
|
|
|
|
|
This company holds less than 50% of the shares in: |
||||
|
Chemiepark
Linz Betriebsfeuerwehr GmbH |
A-4021
Linz St.Peterstraße 25 |
47,5
% |
2005-06-22 |
FN
178148 h |
|
|
|
|
|
|
|
Affiliated companies and further participations: |
||||
|
"NeoResins"
Polymeren Vertrieb GmbH |
A-4020
Linz St. Peterstraße 25 |
|
|
FN
214200 a |
|
|
|
|
|
|
|
|
2013-12-31 |
|
Franchises,
patents, licences, trademarks and similar rights and advantages |
492.961,24 |
|
Sum
intangible assets |
492.961,24 |
|
Land
and leasehold rights with buildings thereon including building on land owned
by third parties |
20.696.620,89 |
|
Other
operating and business equipment |
8.309.936,94 |
|
Technical
plants and machines |
89.200.713,40 |
|
Advanced
payments and constructions in progress |
5.417.625,56 |
|
Sum
tangible assets |
123.624.896,79 |
|
Shares
on related firms |
143.925,00 |
|
Other
financial assets, values and securities of fixed assets |
1.071.150,00 |
|
Sum
financial assets |
1.215.075,00 |
|
Sum
fixed assets |
125.332.933,03 |
|
Raw-,
auxiliary materials and supplies |
29.247.145,65 |
|
Unfinished
products |
8.909.848,92 |
|
Finished
products |
100.898.790,65 |
|
Outstanding
service claims |
3.098.109,51 |
|
Sum
stock |
142.153.894,73 |
|
Claims
from delivered goods and performed services |
27.796.015,86 |
|
Claims
against related firmes Claims against companies with shareholding
relationship |
4.062.208,46 |
|
Other
claims and assets |
7.362.936,73 |
|
Sum
claims |
39.221.161,05 |
|
Cash
on hand, cheques and bank deposits |
108.142,58 |
|
Sum
cash and bank |
108.142,58 |
|
Sum
current assets |
181.483.198,36 |
|
Deferred
charges |
30.952,95 |
|
Sum deferred charges |
30.952,95 |
|
Assets |
306.847.084,34 |
|
|
|
|
Not
committed capital reserves |
45.000.000,00 |
|
Capital
silent partner |
1.762.725,16 |
|
profit/loss
attributable to shareholders |
-2.330.424,71 |
|
Sum
equity capital |
44.432.300,45 |
|
Floor
capital |
251.772,60 |
|
Sum floor
capital |
251.772,60 |
|
Reserves
for severance pays |
23.543.327,00 |
|
Reserves
for pensions |
3.742.069,00 |
|
Other
reserves |
25.367.569,09 |
|
Sum
reserves |
52.652.965,09 |
|
Liabilities
against credit institutes |
3.922.833,33 |
|
Received
advanced payments for orders |
7.197.736,34 |
|
Liabilities
from delivered goods and performed services |
74.429.473,58 |
|
Liabilities
against related firms |
117.988.397,94 |
|
Liabilities
against firm with shareholding relationship |
406.542,77 |
|
Other liabilities |
2.315.416,59 |
|
Sum liabilities |
206.260.400,55 |
|
|
|
|
Deferred
income |
3.249.645,65 |
|
Sum
deferred income |
3.249.645,65 |
|
Liabilities |
306.847.084,34 |
|
Balance
sheet sum |
306.847.084,34 |
|
|
|
(absolute) all amounts
in EUR
|
|
2013-12-31 |
|
Gross
sales |
379.157.941,24 |
|
Increase
or decrease in finished and unfinished goods and in service claims |
27.302.614,42 |
|
Other
manufacturing costs capitalized |
1.318.098,35 |
|
Total
turnover or gross profit |
407.778.654,01 |
|
|
|
|
Income
from dissolution of reserves |
792.632,28 |
|
Other
operating profits |
5.713.015,84 |
|
Other operating profits totally |
6.505.648,12 |
|
|
|
|
Costs
for obtained services |
-37.294.551,99 |
|
Material
costs |
-191.302.362,79 |
|
Costs for obtained services totally |
-228.596.914,78 |
|
|
|
|
Wages |
-24.447.180,68 |
|
Salaries |
-33.821.393,63 |
|
Costs
for severance pays |
-5.449.744,21 |
|
Costs
for old age pension |
-1.231.051,45 |
|
Legal
fringe benefits and other payments depending on salaries |
-15.643.205,17 |
|
Other
social fringe benefits |
-30.989,01 |
|
Personnel expenses totally |
-80.623.564,15 |
|
|
|
|
Depreciation
of intangible assets, tangible assets,activated expenses for the set up and
expansion of business operation |
-18.712.400,21 |
|
Depreciation tangible assets / intangible assets totally |
-18.712.400,21 |
|
|
|
|
Other
operating costs |
-87.005.367,00 |
|
Other
taxes |
-455.305,77 |
|
Total costs |
-87.460.672,77 |
|
|
|
|
Operating result totally |
-1.109.249,78 |
|
|
|
|
Income
from other securities and loans of financial assets |
40.554,47 |
|
Interest
income, securties income and similar income |
91.102,34 |
|
Disbursements
from other financial assets and from securities of current assets (e.g.
depreciations) |
-40.514,94 |
|
Interest
and similar disbursements |
-1.312.316,80 |
|
Financial profits totally |
-1.221.174,93 |
|
|
|
|
Results from usual business activity totally |
-2.330.424,71 |
|
|
|
|
Annual surplus/annual deficit totally |
-2.330.424,71 |
|
|
|
|
Annual profit/annual loss totally |
-2.330.424,71 |
|
|
|
|
B/S
profit/ B/S loss from profit and loss account |
-2.330.424,71 |
|
|
|
|
|
2013 |
|
Cashflow
II |
16.381.975,50 |
|
Debt
amortisation period in years |
15,35 |
|
Bank
indebtedness |
1,27 |
|
Equity
capital share in % |
14,91 |
|
Social
capital share |
8,89 |
|
Fixed
assets coverage |
57,42 |
|
Net
profit ratio |
-0,57 |
|
Capital
turnover |
1,32 |
|
Return
on investment in % |
-0,33 |
|
Cashflow
in % of operating performance |
4,01 |
|
Cashflow
I |
16.381.975,50 |
|
Gross
productivity |
5,05 |
|
Net
productivity |
2,22 |
|
Operating
performance |
407.778.654,01 |
|
Inventories
in % of operating performance |
34,86 |
|
Gross
profit |
179.181.739,23 |
|
Last check |
2014-04-02 |
|
Entry
number |
Cadastral community |
Journal number |
|
1867 |
Lustenau O 45204 |
4243/2013 |
|
Section
A – type of property: |
|
GST-NR G BA
(NUTZUNG) FLÄCHE GST-ADRESSE |
|
Section B – ownership
structure: |
|
1 ANTEIL: 1/1 |
|
Section C – encumbrances: |
|
1 a 5909/1983
1461/1998 312/1999 |
|
firm (style) |
30 DPx Fine
Chemicals Austria GmbH & CoKG |
|
legal form |
1
Kommanditgesellschaft |
|
registered office |
1 politischer
Gemeinde Linz |
|
business adress |
1 St. Peter
Straße 25 |
|
general partner |
A DPx Fine
Chemicals GmbH |
|
limited partner |
B DPx Life Science
Products |
|
reference date annual accounts |
30 31. Oktober |
|
annual accounts |
31 zum
31.12.2013 eingereicht am 29.08.2014 |
|
|
|
|
proxy |
|
|
H Harald Leitner, geb.
03.07.1954 |
|
|
|
|
|
general table |
|
|
Landesgericht Linz |
|
|
Year of incorporation |
1939 |
|
Date
of registration |
2000-12-21 |
Change of company name
|
from |
to |
company
name |
|
|
2014-09-01 |
DSM
Fine Chemicals Austria Nfg GmbH & CoKG |
|
2014-09-01 |
|
DPx
Fine Chemicals Austria GmbH & CoKG |
Former executives
|
from |
to |
position |
name |
|
2009-08-07 |
2011-04-16 |
joint
signing clerk |
Ron van
den Akker |
|
2009-10-01 |
2011-04-16 |
joint
signing clerk |
Egbert
van den Berg |
|
2009-08-07 |
2011-04-16 |
joint
signing clerk |
Dr.
Lorenz Farnleitner |
|
2010-10-29 |
2011-04-16 |
joint
signing clerk |
Mag.
Jörg Schwarz |
|
2001-03-06 |
2002-11-22 |
joint
signing clerk |
Ing.Mag.
Rudolf Dormann |
|
2001-03-06 |
2002-11-22 |
joint
signing clerk |
Mag.
Gerhard Vecera |
|
2001-03-06 |
2002-11-22 |
joint
signing clerk |
Dipl-Ing.
Josef Wachtler |
|
2001-03-06 |
2006-07-08 |
joint
signing clerk |
Mag.
Hermann Baschinger |
|
2002-11-22 |
2006-07-08 |
joint
signing clerk |
Frank
Betzler |
|
2001-03-06 |
2006-07-08 |
joint
signing clerk |
Mag.
Gerhard Sobotka |
|
2001-03-06 |
2006-11-25 |
joint
signing clerk |
Dr.
Stefan Doboczky |
|
2001-03-06 |
2006-11-25 |
joint
signing clerk |
Dipl-Ing.Dr.
Friedrich Lunzer |
|
2001-03-06 |
2006-11-25 |
joint
signing clerk |
Dipl-Ing.
Andreas Rauch |
|
2006-07-08 |
2009-08-07 |
joint
signing clerk |
Frederik
Hoogendijk |
|
2003-03-12 |
2010-10-29 |
joint
signing clerk |
Mag.
Andrea Niemetz |
|
2001-03-06 |
2012-04-24 |
joint
signing clerk |
Dipl-Ing.Dr.
Wilhelm Dobramysl |
|
2001-03-06 |
2012-04-24 |
joint
signing clerk |
Dr.
Michael Hartmann |
|
2009-09-22 |
2012-04-24 |
joint
signing clerk |
Paul
Emely Mathieu Kerckhoffs |
|
2009-10-01 |
2012-04-24 |
joint
signing clerk |
Kristine
Senft |
|
|
2013-02-28 |
joint
signing clerk |
Dr.
Kai Donsbach |
|
2011-07-29 |
2013-02-28 |
joint
signing clerk |
Dr.
Prisca Havranek Kosicek |
|
2009-09-22 |
2013-02-28 |
joint
signing clerk |
Dr. Martin
Katzmayr |
|
2002-11-22 |
2013-02-28 |
joint
signing clerk |
Dr.
Erik Salzbrenner |
|
|
2014-07-03 |
joint
signing clerk |
Bart
Jan Cornelissen |
|
2011-04-16 |
2014-07-03 |
joint
signing clerk |
Mag.Dr.
Veronika Dr. Zügel Rokietowski |
|
|
2014-07-03 |
joint
signing clerk |
Dr.
Peter Riebel |
|
2010-10-29 |
2014-07-03 |
joint
signing clerk |
Mag.
Gerhard Sobotka |
|
2011-07-29 |
2014-07-03 |
joint
signing clerk |
Dr.
Ulrich Wieltsch |
Mergers
|
On |
position |
name |
|
2008-11-23 |
merged
with |
DSM
Fine Chemicals Austria AG |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
|
|
1 |
Rs.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
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.