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Report No. : |
335215 |
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Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
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Name : |
PHANTO HANDELSGESELLSCHAFT M.B.H. |
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Registered Office : |
Gentzgasse 156/6, A-1180 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
11.05.1990 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in wholesale of watches and Jewellery |
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No. of Employee : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Austria |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 relatively sound industrial sector, and a small, but highly developed agricultural sector. Economic growth was anemic at less than 0.5% in 2013 and 2014, and growth in 2015 is not expected to exceed 0.5%. Austria’s 5.6% unemployment rate, while low by European standards, is at an historic high for Austria. Without extensive vocational training programs and generous early retirement, the unemployment rate would be even higher. Public finances have not stabilized even after a 2012 austerity package of expenditure cuts and new revenues. On the contrary, in 2014, the government created a “bad bank” for the troubled nationalized “Hypo Alpe Adria” bank, pushing the budget deficit up by 0.9% of GDP to 2.4% and public debt to 84.5% of the GDP. Although Austria's fiscal position compares favorably with other euro-zone countries, it faces several external risks, such as Austrian banks' continued exposure to Central and Eastern Europe, repercussions from the Hypo Alpe Adria bank collapse, political and economic uncertainties caused by the European sovereign debt crisis, the current crisis in Russia/Ukraine, the recent appreciation of the Swiss Franc, and political developments in Hungary.
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Source
: CIA |
PHANTO
HANDELSGESELLSCHAFT M.B.H.
Gentzgasse 156/6, A-1180 Wien
Phone: (0043)
1 4780601
Fax: (0043)
1 4786942
E-mail: office@phanto.at
Internet: http://www.phanto.at
ÖNACE 46480 100% Wholesale of watches and Jewellery
Financial details can also be entered during the period, irrespective
of the balance sheet date.
|
total turnover (total sales) |
2014 |
EUR |
2.000.000,00 |
(estimated) |
|
total company vehicles |
2015 |
|
3 |
(approx.) |
|
total employees |
2015 |
|
3 |
(approx.) |
|
white collar workers |
2015 |
|
3 |
(approx.) |
|
Company name |
PHANTO HANDELSGESELLSCHAFT M.B.H. |
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Year of incorporation |
1990 |
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Type of company |
Wholesale and retail trade; repair of motor vehicles |
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Legal form |
limited liability company since 1990-05-11 |
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Trade names |
Non Plus Ultra |
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Companies house number |
FN 69501 h Wien since
1990-06-21 |
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Import |
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Export |
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VAT number |
ATU 16042208 |
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number - Austrian National Bank |
1440020 |
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Last balance sheet: |
2013 |
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Banking connection |
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operational |
A-1180 Wien, Gentzgasse 156/6 |
registered office |
|
operational |
A-1180 Wien, Gentzgasse 156/6 |
registered headquarters, rented premises |
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|
0043 664 3026848 0043 1 4780601 |
office@phanto.at |
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former |
A-1030 Wien, Dampfschiffstraße 12 |
registered office |
|
former |
A-1180 Wien, Dampfschiffstraße 126/1/12 |
registered headquarters |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies'
house) |
|
Theodoros Hristodoulidis |
1961-10-19 |
A-1030 Wien Dampfschiffgasse 12 |
manager partner |
0 |
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
|
Shares in this company are held by: |
||||
|
Theodoros Hristodoulidis |
A-1030 Wien Dampfschiffgasse 12 |
100 % |
1990-05-02 |
|
|
|
2013-12-31 |
|
Intangible assets |
1.720,00 |
|
Sum intangible assets |
1.720,00 |
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Tangible assets |
104.703,58 |
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Sum tangible assets |
104.703,58 |
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Sum fixed assets |
106.423,58 |
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Stocks |
591.320,13 |
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Sum stock |
591.320,13 |
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Claims and other assets |
921.929,68 |
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Sum claims |
921.929,68 |
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Cash on hand, cheques and bank deposits |
36.564,07 |
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Sum cash and bank |
36.564,07 |
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Sum current assets |
1.549.813,88 |
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Deferred charges |
209,58 |
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Sum deferred charges |
209,58 |
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Assets |
1.656.447,04 |
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|
|
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Subscribed/declared capital |
36.336,42 |
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Profit reserves |
1.592,79 |
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Balance sheet profit/balance sheet loss |
792.795,35 |
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Thereof profit/loss carried forward |
721.683,97 |
|
stock |
-18.168,21 |
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Sum equity capital |
812.556,35 |
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Other reserves before taxes |
465,35 |
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Sum reserves before taxes |
465,35 |
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Reserves |
18.359,37 |
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Sum reserves |
18.359,37 |
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Liabilities |
825.065,97 |
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Sum liabilities |
825.065,97 |
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|
|
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Liabilities |
1.656.447,04 |
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Balance sheet sum |
1.656.447,04 |
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|
|
|
|
2013 |
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Equity capital share in % |
49,08 |
|
Fixed assets coverage |
763,94 |
Note
No real estate property registered
|
firm (style) |
1 Phanto
Handelsgesellschaft m.b.H. |
|
legal form |
1 Gesellschaft mit beschränkter
Haftung |
|
registered office |
1 politischer
Gemeinde Wien |
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business adress |
5 Gentzgasse 156/6 |
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capital |
1 ATS 500.000 |
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reference date annual accounts |
1 31. Dezember |
|
annual accounts |
20 zum 31.12.2013
eingereicht am 29.09.2014 |
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power of representation |
1 Die
Generalversammlung bestimmt, wenn mehrere Geschäfts- |
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managing director |
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|
C Theodoros
Hristodoulidis, geb. 19.10.1961 |
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shareholder |
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C Theodoros
Hristodoulidis, geb. 19.10.1961 |
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|
general table |
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|
Handelsgericht Wien |
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Year of incorporation |
1990 |
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Date of registration |
1990-06-21 |
Former executives
|
from |
to |
position |
name |
|
|
1998-10-24 |
manager |
Georgios Panetsos |
|
|
1998-10-24 |
individual signing clerk |
Werner Hermann |
Former shareholders
|
from |
to |
position |
name |
birth date |
|
1990-05-02 |
1998-10-24 |
partner |
Georgios Panetsos |
1961-05-18 |
DIAMOND INDUSTRY – INDIA
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From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations which
operate in the diamond industry since many generations.
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Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees. They
mostly diverted borrowed money for diamond business into real estate and
capital markets.
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Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
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The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.99.60 |
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Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.