MIRA INFORM REPORT

 

 

Report No. :

337104

Report Date :

21.08.2015

 

IDENTIFICATION DETAILS

 

Name :

BENZLER ANTRIEBSTECHNIK GESELLSCHAFT M.B.H. IN LIQUIDATION

 

 

Formerly Known As :

BENZLER ANTRIEBSTECHNIK GESELLSCHAFT M.B.H.

 

 

Registered Office :

Hoheneggstraße 2 A-5550 Radstadt

 

 

Country :

Austria

 

 

Financials (as on) :

31.10.2010

 

 

Date of Incorporation :

1985

 

 

Legal Form :

Cancelled firms since 2010-12-15

 

 

Line of Business :

Wholesale and retail trade; repair of motor vehicles

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

In Liquidation 

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

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

A2

A1

 

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 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.

 

Source : CIA

Company name and address

 

Benzler Antriebstechnik Gesellschaft m.b.H. in Liquidation

 

Hoheneggstraße 2

A-5550 Radstadt

 

Phone: no telephone connection/fixed network

 

 

Activities

 

ÖNACE 46900 100% Non-specialised wholesale trade

 

 

Financial data

 

Financial details can also be entered during the period, irrespective of the balance sheet date.

 

total turnover (total sales)

2014

 

 

(not available)

 

total employees

2015

 

 

(not available)

 

 

General company information

 

Company name

Benzler Antriebstechnik Gesellschaft m.b.H. in Liquidation

Year of incorporation

1985

Type of company

Wholesale and retail trade; repair of motor vehicles

Legal form

cancelled firms since 2010-12-15

Companies house number

FN 88631 s Salzburg  since 1985-11-21

ARA-number

6861

VAT number

ATU 22798809

number - Austrian National Bank

199532

Last balance sheet:

2010

Banking connection

Allgemeine Sparkasse Oberösterreich Bankaktienges.

BLZ 20320

main bank connection

 

 

Locations

 

operational

A-5550 Radstadt, Hoheneggstraße 2

registered office

operational

A-5550 Radstadt, Hoheneggstraße 2, (zuletzt)

registered headquarters, rented premises

 

no telephone connection/fixed network

 

former

A-4050 Traun, Urnenhainweg 7

registered office

former

A-4050 Traun, Urnenhainweg 7

registered headquarters

 

 

Balance Sheet (absolute)

 

All amounts in EUR

 

 

2010-10-31

Claims and other assets

1.010,56

Sum claims

1.010,56

Cash on hand, cheques and bank deposits

180.230,21

Sum cash and bank

180.230,21

Sum current assets

181.240,77

Assets

181.240,77

 

Subscribed/declared capital

145.345,67

Profit reserves

20.034,82

Balance sheet profit/balance sheet loss

10.287,98

Thereof profit/loss carried forward

12.091,12

Sum equity capital

175.668,47

Reserves

201,50

Sum reserves

201,50

Liabilities

5.370,80

Sum liabilities

5.370,80

 

Liabilities

181.240,77

Balance sheet sum

181.240,77

 

 

Key ratios

 

 

2010

Equity capital share in %

96,92

Fixed assets coverage

0,00

 

 

Land Register

 

Note

No real estate property registered

 

 

Historical development

 

Year of incorporation

1985

Date of registration

1985-11-21

 

Change of company name

 

From

To

Company name

 

2009-08-08

Benzler Antriebstechnik Gesellschaft m.b.H.

2009-08-08

 

Benzler Antriebstechnik Gesellschaft m.b.H. in Liquidation

 

Former executives

 

From

To

Position

Name

 

2004-04-17

manager

Ing. Andreas Schrems

2004-04-17

2006-03-21

manager

Rolf Hakan Nidsjö

2006-03-21

2009-03-05

manager

Roger Bailey

 

1995-07-01

individual signing clerk

Ing. Leif Benny Wallquist

1998-01-30

1999-10-22

individual signing clerk

Henrik Arnekull

2006-03-21

2009-08-08

individual signing clerk

Björn Harald Kellgren

1999-10-22

2006-03-21

individual signing clerk

Lars Harald Torbjörn Nordlander

2009-08-08

2010-12-15

liquidator

Ronny Johannes Marie Leppers

2009-03-05

2009-08-08

manager

Mark Ashley Cooper

2009-03-05

2009-08-08

manager

Christopher Morell

1995-06-07

1999-10-22

individual signing clerk

Hakan Holmström

1995-06-07

1999-10-22

individual signing clerk

Jörgen Lorentsson

 

Former shareholders

 

From

To

Position

Name

1985-11-04

2010-12-15

Partner

Aktiebolaget Benzlers, Helsingborg, Schweden

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.24

UK Pound

1

Rs.102.21

Euro

1

Rs.72.57

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TRU

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.