|
Report No. : |
338286 |
|
Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
WATERS GESELLSCHAFT M.B.H. |
|
|
|
|
Registered Office : |
Hietzinger Hauptstraße 145 A-1130 Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Year of Establishment : |
1994 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of other machinery and
equipment |
|
|
|
|
No. of Employee : |
35 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Austria |
A1 |
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 |
WATERS
GESELLSCHAFT M.B.H.
Hietzinger Hauptstraße 145 A-1130 Wien
|
Phone: |
(0043) 1 8771807 |
|
Fax: |
(0043) 1 8771808 |
|
E-mail: |
vienna@waters.com |
|
Internet: |
http://www.waters.at |
ÖNACE 46690 100% Wholesale of other machinery and equipment
Financial details can also be entered during the period,
irrespective of the balance sheet date.
|
total turnover (total sales) |
2014 |
EUR |
100.760.462,35 |
(exact) |
|
total turnover (total sales) |
2013 |
EUR |
89.988.059,68 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR |
93.320.034,43 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR |
102.976.197,55 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR |
91.405.516,45 |
(exact) |
|
total stock |
2014 |
EUR |
200.000,00 |
(average) |
|
total employees |
2015 |
|
35 |
(approx.) |
|
white collar workers |
2015 |
|
35 |
(approx.) |
|
Company name |
WATERS GESELLSCHAFT M.B.H. |
|||
|
Year of incorporation |
1994 |
|||
|
Type of company |
Wholesale and retail trade; repair of motor vehicles |
|||
|
Legal form |
limited liability company since 1994-07-18 |
|||
|
Companies house number |
FN 110394 w Wien since
1994-08-05 |
|||
|
Import |
|
|||
|
Export |
|
|||
|
VAT number |
ATU 15050405 |
|||
|
ARA-number |
7657 |
|||
|
number - Austrian National Bank |
2305186 |
|||
|
Last balance sheet: |
2014 |
|||
|
Banking connection |
|
|
operational |
A-1130 Wien, Hietzinger Hauptstraße 145 |
registered office |
|
operational |
A-1130 Wien, Hietzinger Hauptstraße 145 |
registered headquarters, rented premises |
|
|
0043 1 8771807 |
vienna@waters.com |
|
operational |
CZ-14700 Prag, Psohlavcu 43 |
branch agency |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies'
house) |
|
Andre Ayache |
1953-08-06 |
F-78000 Versailles bis rue des Tassigny 2 |
manager |
0 |
|
Ing. Herbert Ottner |
1964-10-17 |
A-3011 Tullnerbach Adolf Radlgasse 16 |
manager |
0 |
|
Eugene Burns |
1963-05-21 |
A-3021 Preßbaum Piettegasse 26 |
individual signing clerk head of accounting head of EDP head of personnel |
1 |
|
Andrea Hofmann |
|
A-1130 Wien Hietzinger Hauptstraße 145(c/o) |
head of marketing |
0 |
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
|
Shares in this company are held by: |
||||
|
Waters Technologies Corporation Milford |
USA-01757 Massachusetts Maple Street 34 |
100 % |
1994-08-17 |
|
BALANCE
SHEET (ABSOLUTE) ALL AMOUNTS IN EUR
|
|
2014-12-31 |
|
Other tangible assets |
36.897,69 |
|
Other operating and business equipment |
46.547,88 |
|
Sum tangible assets |
83.445,57 |
|
Shares on related firms |
28.254,82 |
|
Sum financial assets |
28.254,82 |
|
Sum fixed assets |
111.700,39 |
|
Finished products |
1.722.587,17 |
|
Sum stock |
1.722.587,17 |
|
Claims from delivered goods and performed services |
20.754.981,52 |
|
Claims against related firmes Claims against companies with
shareholding relationship |
215.137,11 |
|
Other claims and assets |
168.227,79 |
|
Sum claims |
21.138.346,42 |
|
Cash on hand, cheques and bank deposits |
8.442.865,28 |
|
Sum cash and bank |
8.442.865,28 |
|
Sum current assets |
31.303.798,87 |
|
Deferred charges |
42.678,11 |
|
Sum deferred charges |
42.678,11 |
|
Assets |
31.458.177,37 |
|
|
|
|
Subscribed/declared capital |
36.336,42 |
|
Not committed capital reserves |
499.553,06 |
|
Balance sheet profit/balance sheet loss |
8.335.603,92 |
|
Thereof profit/loss carried forward |
5.328.720,91 |
|
Sum equity capital |
8.871.493,40 |
|
Reserves for severance pays |
503.289,04 |
|
Other reserves |
1.256.166,97 |
|
Sum reserves |
1.759.456,01 |
|
Received advanced payments for orders |
854.132,37 |
|
Liabilities from delivered goods and performed services |
1.412.539,88 |
|
Liabilities against related firms |
14.148.531,66 |
|
Other liabilities |
379.635,03 |
|
Sum liabilities |
16.794.838,94 |
|
|
|
|
Deferred income |
4.032.389,02 |
|
Sum deferred income |
4.032.389,02 |
|
Liabilities |
31.458.177,37 |
|
Contingent liabilities |
400.177,07 |
|
Balance sheet sum |
31.458.177,37 |
|
|
|
P / L
ACCOUNT (ABSOLUTE) ALL AMOUNTS IN EUR
|
|
2014-12-31 |
|
Gross sales |
100.760.462,35 |
|
Total turnover or gross profit |
100.760.462,35 |
|
|
|
|
Other operating profits |
3.839.906,49 |
|
Other operating profits totally |
3.839.906,49 |
|
|
|
|
Special account material costs |
-86.638.522,55 |
|
Costs for obtained services totally |
-86.638.522,55 |
|
|
|
|
Salaries |
-2.791.953,93 |
|
Costs for severance pays |
-88.180,04 |
|
Costs for old age pension |
-72.631,09 |
|
Legal fringe benefits and other payments depending on salaries |
-571.802,63 |
|
Other social fringe benefits |
-244.695,92 |
|
Personnel expenses totally |
-3.769.263,61 |
|
|
|
|
Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-57.145,58 |
|
Depreciation tangible assets / intangible assets totally |
-57.145,58 |
|
|
|
|
Other operating costs |
-12.321.693,31 |
|
Total costs |
-12.321.693,31 |
|
|
|
|
Operating result totally |
1.813.743,79 |
|
|
|
|
Profits from shareholdings |
1.448.234,29 |
|
Interest income, securties income and similar income |
691,22 |
|
Interest and similar disbursements |
-2.554,49 |
|
Financial profits totally |
1.446.371,02 |
|
|
|
|
Results from usual business activity totally |
3.260.114,81 |
|
|
|
|
Taxes on income and profits |
-253.231,80 |
|
Taxes on income and profits totally |
-253.231,80 |
|
|
|
|
Annual surplus/annual deficit totally |
3.006.883,01 |
|
|
|
|
Annual profit/annual loss totally |
3.006.883,01 |
|
|
|
|
Profit and loss carried forward from previous year |
5.328.720,91 |
|
Transfer of profits totally |
5.328.720,91 |
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
8.335.603,92 |
|
|
|
|
|
2014 |
|
Cashflow II |
3.064.028,59 |
|
Debt amortisation period in years |
3,02 |
|
Bank indebtedness |
0,00 |
|
Equity capital share in % |
28,98 |
|
Social capital share |
1,59 |
|
Fixed assets coverage |
8.392,79 |
|
Net profit ratio |
3,23 |
|
Capital turnover |
3,20 |
|
Return on investment in % |
10,37 |
|
Cashflow in % of operating performance |
3,04 |
|
Cashflow I |
3.317.260,39 |
|
Gross productivity |
26,73 |
|
Net productivity |
3,74 |
|
Operating performance |
100.760.462,35 |
|
Inventories in % of operating performance |
1,70 |
|
Gross profit |
14.121.939,80 |
Note
No real estate property registered
|
firm (style) |
1 Waters Gesellschaft
m.b.H. |
|
legal form |
1 Gesellschaft mit
beschränkter Haftung |
|
registered office |
1 politischer
Gemeinde Wien |
|
business adress |
1 Hietzinger
Hauptstraße 145 |
|
capital |
34 EUR 36.336,42 |
|
reference date annual accounts |
1 31. Dezember |
|
annual accounts |
36 zum 31.12.2014
eingereicht am 01.06.2015 |
|
power of representation |
1 Die
Generalversammlung bestimmt, wenn mehrere Geschäfts- |
|
|
|
|
proxy |
|
|
I Eugene Burns, geb.
21.05.1963 |
|
|
|
|
|
managing director |
|
|
J Ing. Herbert Ottner,
geb. 17.10.1964 |
|
|
|
|
|
shareholder |
|
|
B Waters Technologies
Corporation |
|
|
|
|
|
general table |
|
|
Handelsgericht Wien |
|
|
Year of incorporation |
1994 |
|
Date of registration |
1994-08-05 |
Change in share capital
|
from |
to |
asset |
|
|
|
2013-12-19 |
ATS |
500.000,00 |
|
2013-12-19 |
|
EUR |
36.336,42 |
Former executives
|
from |
to |
position |
name |
|
|
1998-05-07 |
manager |
Richard Henry Payne |
|
|
1998-10-22 |
manager |
Ing.Mag. Stefan Neubauer |
|
|
2002-01-10 |
manager |
Philip Taymor |
|
2003-08-15 |
2004-05-07 |
manager |
Eugene Burns |
|
2004-05-07 |
2006-12-06 |
manager |
Richard Henry Payne |
|
1998-10-22 |
2003-08-15 |
individual signing clerk |
Eugene Burns |
|
1998-10-22 |
2004-05-07 |
individual signing clerk |
Ing. Herbert Ottner |
|
2006-12-06 |
2013-12-17 |
manager |
Michael Cornelius Harrington |
|
1998-05-07 |
2004-05-07 |
manager |
Dr. Hartmut Rabich |
|
2002-01-10 |
2008-01-22 |
manager |
John Alden Ornell |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.06 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.