MIRA INFORM REPORT

 

 

Report No. :

352345

Report Date :

05.12.2015

 

IDENTIFICATION DETAILS

 

Name :

WALLNER & NEUBERT GESELLSCHAFT M.B.H.

 

 

Registered Office :

IM Felberbrunn 2, A-2340 Mödling

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2014

 

 

Year of Establishment :

1894

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of hardware, plumbing and heating equipment and supplies

 

 

No. of Employee :

71 (2015)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

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

 

Company name and address

 

WALLNER & NEUBERT GESELLSCHAFT M.B.H.

 

Im Felberbrunn 2, A-2340 Mödling

 

Phone:

(0043) 50 513

Fax:

(0043) 50 513 - 300

E-mail:

pwn@pwn.at

Internet:

http://www.pwn.at

 

Status:

active company

Companies house number:

FN 152084 d

Last revision:

2015-11-30

 

 

Activities

 

ÖNACE 46740 100% Wholesale of hardware, plumbing and heating equipment and supplies

 

 

Financial data

 

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

 

total turnover (total sales)

2014

EUR

24.007.000,00

(exact)

total turnover (total sales)

2013

EUR

22.635.000,00

(approx.)

total turnover (total sales)

2012

EUR

22.479.750,36

(exact)

total turnover (total sales)

2011

EUR

24.260.767,34

(exact)

total turnover (total sales)

2010

EUR

24.739.652,04

(exact)

 

total investments

2014

EUR

389.988,89

(exact)

 

total company vehicles

2015

 

23

(exact)

leasing vehicles

2015

 

10

(exact)

cars

2015

 

18

(exact)

lorries up to 3.5t

2015

 

2

(exact)

lorries more than 3.5t

2015

 

3

(exact)

 

total employees

2015

 

71

(exact)

white collar workers

2015

 

55

(exact)

blue collar workers

2015

 

16

(exact)

 

 

General company information

 

Company name

Wallner & Neubert Gesellschaft m.b.H.

Year of incorporation

1894

Type of company

Wholesale and retail trade; repair of motor vehicles

Legal form

limited liability company since 1996-11-11

Trade names

Wassertechnik für Lebensräume

Trade names

Purator (PWN)

Companies house number

FN 152084 d Wiener Neustadt  since 1996-11-22

Export

Eastern Europe

European Union

2015

2015

ARA-number

602

VAT number

ATU 41961908

number - Austrian National Bank

3451739

Last balance sheet:

2014

Banking connection

RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG

BLZ 32000

main bank connection

UniCredit Bank Austria AG

BLZ 12000

secondary banking connection

 

 

Locations

 

operational

A-2340 Mödling, Im Felberbrunn 2

registered office

operational

A-4844 Regau, Hessestraße 3

registered branch office

operational

A-8055 Graz Puntigam, Mühlfelderweg 30

registered branch office, rented premises

operational

A-2340 Mödling, Im Felberbrunn 2

registered headquarters, rented premises

 

0043 50 513

pwn@pwn.at

operational

A-8073 Feldkirchen Graz, Kalsdorferstraße 39/80

branch office

 

0043 50 5138

graz@pwn.at

operational

A-4844 Regau, Hessestraße 3

branch office, rented premises

 

0043 50 5134

regau@pwn.at

former

A-1050 Wien, Schönbrunnerstraße 13

registered office

former

A-8020 Graz, Reininghausstraße 25

branch office

former

A-2340 Mödling, Brown-Boveristraße

branch office

former

A-2340 Mödling, Felberbrunn, Parzellen 1218 u. 1824

registered branch office

former

A-6060 Hall Tirol, Schlöglstraße 59

registered branch office

former

A-6020 Innsbruck, Trientlgasse 44

registered branch office

former

A-4844 Regau, Preising 84

registered branch office

former

A-8020 Graz, Reininghausstraße 25

registered branch office

former

A-1050 Wien, Schönbrunnerstraße 13

registered headquarters

former

A-2340 Mödling, Im Felberbrunn 2

branch office

former

A-6020 Innsbruck, Trientlgasse 44

branch office

former

A-8055 Graz Puntigam, Mühlfelderweg 30

branch office

former

A-6060 Hall Tirol, Schlöglstraße 59

branch office

former

A-9130 Poggersdorf, Wirtschaftspark 5

branch office

former

A-6020 Innsbruck, Trientlgasse 44

branch office

 

 

Private data

 

Surname

Date of birth

Address

Executive positions

Further executive positions (as registered in the companies' house)

Daniel Fellner

1959-08-19

A-1230 Wien

Endresstraße 74

manager

4

Gerhard Zack

1960-11-06

A-1050 Wien

Schönbrunnerstraße 13(c/o)

individual signing clerk head of sales

0

Markus Klement

1964-11-29

A-1050 Wien

Schönbrunnerstraße 13(c/o)

head of purchasing

0

 

 

related companies

 

Company name

Address

Shareholdings in %

Since

Commercial register no.

Shares in this company are held by:

FHT Beteiligungs- und Management GmbH

A-1010 Wien

Kramergasse 1

100 %

2013-05-17

FN 389471 b

 

 

 

 

Affiliated companies and further participations:

Daniel Fellner GmbH

A-2345 Brunn Gebirge

Industriestraße B 12

 

 

FN 69089 b

F&H Immoinvest GmbH

A-1230 Wien

Endresstraße 74

 

 

FN 353271 t

Balance Sheet

 

(absolute) all amounts in EUR

 

 

2014-12-31

Intangible assets

218.748,91

Sum intangible assets

218.748,91

 

Land and leasehold rights with buildings thereon including building on land owned by third parties

114.988,91

Special account plants and machines

33.963,01

Other operating and business equipment

1.585.677,90

Advanced payments and constructions in progress

15.059,83

Sum tangible assets

1.749.689,65

 

Sum fixed assets

1.968.438,56

 

Stocks

2.960.227,53

Sum stock

2.960.227,53

 

Claims against related firmes Claims against companies with shareholding relationship

50.678,36

Other claims and assets

507.682,50

Sum claims

558.360,86

 

Cash on hand, cheques and bank deposits

451.988,69

Sum cash and bank

451.988,69

 

Sum current assets

3.970.577,08

 

Deferred charges

58.617,75

Sum deferred charges

58.617,75

Assets

5.997.633,39

 

Subscribed/declared capital

2.000.000,00

Capital reserves

1.838.528,43

Balance sheet profit/balance sheet loss

-695.795,38

Thereof profit/loss carried forward

-1.239.215,91

Sum equity capital

3.142.733,05

 

Reserves for severance pays

457.418,24

Other reserves

510.781,11

Sum reserves

968.199,35

 

Liabilities against credit institutes

194,79

Liabilities against related firms

120.000,00

Other liabilities

1.765.906,20

Sum liabilities

1.886.100,99

 

Deferred income

600,00

Sum deferred income

600,00

 

Liabilities and shareholders'equity

5.997.633,39

Balance sheet sum

5.997.633,39

 

 

P / L Account

 

(absolute) all amounts in EUR

 

 

2014-12-31

Gross profit

7.090.685,46

Total turnover or gross profit

7.090.685,46

 

Profits from retirement of fixed assets, except financial assets

60.276,93

Income from dissolution of reserves

921,34

Other operating profits

453.252,74

Other operating profits totally

514.451,01

 

Wages

-432.302,26

Salaries

-2.213.896,53

Costs for severance pays

-99.668,06

Legal fringe benefits and other payments depending on salaries

-757.002,09

Other social fringe benefits

-33.858,93

Personnel expenses totally

-3.536.727,87

 

Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation

-361.072,92

Depreciation tangible assets / intangible assets totally

-361.072,92

 

Other operating costs

-2.999.384,70

Total costs

-2.999.384,70

 

Operating result totally

707.950,98

 

Interest income, securties income and similar income

2.277,35

Interest and similar disbursements

-129.487,80

Financial profits totally

-127.210,45

 

Results from usual business activity totally

580.740,53

 

Taxes on income and profits

-37.320,00

Taxes on income and profits totally

-37.320,00

 

Annual surplus/annual deficit totally

543.420,53

 

Annual profit/annual loss totally

543.420,53

 

Profit and loss carried forward from previous year

-1.239.215,91

Transfer of profits totally

-1.239.215,91

 

B/S profit/ B/S loss from profit and loss account

-695.795,38

 

 

Key ratios

 

 

2014

Cashflow II

904.493,45

Debt amortisation period in years

2,65

Bank indebtedness

0,00

Equity capital share in %

52,39

Social capital share

7,62

Fixed assets coverage

182,89

Net profit ratio

0,00

Capital turnover

0,00

Return on investment in %

11,84

Cashflow in % of operating performance

0,00

Cashflow I

941.813,45

Gross productivity

0,00

Net productivity

0,00

Operating performance

0,00

Inventories in % of operating performance

0,00

Gross profit

7.090.685,46

 

Land Register

 

Note

No real estate property registered

 

 

Commercial register

 

firm (style)

2      Wallner & Neubert Gesellschaft m.b.H.

legal form

1      Gesellschaft mit beschränkter Haftung

registered office

53      politischer Gemeinde Mödling

business adress

53      Im Felberbrunn 2
2340 Mödling

capital

13      EUR 2.000.000

reference date annual accounts

13      31. Dezember

annual accounts

58      zum 31.12.2014 eingereicht am 28.09.2015

power of representation

1      Die Gesellschaft wird, wenn mehrere Geschäftsführer
bestellt sind, durch zwei Geschäftsführer gemeinsam oder
durch einen von ihnen gemeinsam mit einem Prokuristen
vertreten.
Die Generalversammlung kann, auch wenn mehrere Geschäfts-
führer bestellt sind, einzelnen von ihnen selbständige
Vertretungsbefugnis erteilen.
1   Erklärung über die Errichtung der Gesellschaft                      001
vom 11.11.1996
2   Generalversammlungsbeschluss  vom 25.11.1996                        002
Änderung des Gesellschaftsvertrages in den Punkten Erstens
und Drittens.
Kapitalerhöhung um ATS 24,500.000.--
2   Einbringungsvertrag  vom 25.11.1996                                 003
Einbringung des Betriebes der
W & N Beteiligung-Immobilien-Besitz
und Verwertung GmbH.
(FN 99793 f)
4   Verschmelzungsvertrag  vom 18.11.1998                               004
4   Generalversammlungsbeschluss  vom 18.11.1998  der                   005
Wallner & Neubert Sanitär- und
Heizungsgroßhandel Gesellschaft m.b.H.
(FN 88395 v)
als übertragender Gesellschaft. Verschmelzung mit dieser
Gesellschaft als übernehmender Gesellschaft.
Sitz der übertragenden Gesellschaft in Wien.
4   Verschmelzungsvertrag  vom 18.11.1998                               006
4   Generalversammlungsbeschluss  vom 18.11.1998  der                   007
Import Export Wallner & Neubert
Gesellschaft m.b.H.
(FN 93095 f)
als übertragender Gesellschaft. Verschmelzung mit dieser
Gesellschaft als übernehmender Gesellschaft.
Sitz der übertragenden Gesellschaft in Wien.
13   Gesellschaftsvertrag mit Generalversammlungsbeschluss               008
vom 02.10.2001
gemäß 1. Euro-JuBeG angepasst.
13   Generalversammlungsbeschluss  vom 02.10.2001                        009
Kapitalerhöhung um ATS 2.520.600,--.
Änderung des Gesellschaftsvertrages in den Punkten Drittens,
Viertens, Siebentens, Achtens und Elftens.
21   Generalversammlungsbeschluss  vom 19.11.2004                        010
Änderung des Gesellschaftsvertrages in den Punkten Fünftens,
Sechstens und Achtens.
53   Generalversammlungsbeschluss  vom 24.05.2013                        012
Änderung der Erklärung über die Errichtung der Gesellschaft
in den Punkten Erstens, Fünftens, Achtens, Neuntens,
Zehntens, Elftens und Zwölftens.

 

proxy

Y   Gerhard Zack, geb. 06.11.1960
55        vertritt seit 01.03.2014 selbständig

 

managing director

W   Daniel Fellner, geb. 19.08.1959
50        vertritt seit 22.01.2013 selbständig

 

shareholder

X   FHT Beteiligungs- und Management GmbH
52        ....................  EUR 2.000.000
52        ...............................................  EUR 2.000.000
-------------------------------------------------------
Summen:           EUR 2.000.000              EUR 2.000.000

 

general table

Handelsgericht Wien
1 eingetragen am 22.11.1996                  Geschäftsfall  74 Fr  9400/96 k
Antrag auf Neueintragung einer Firma  eingelangt am 19.11.1996
2 eingetragen am 04.12.1996                  Geschäftsfall  74 Fr  9632/96 b
Antrag auf Änderung  eingelangt am 27.11.1996
4 eingetragen am 01.12.1998                  Geschäftsfall  74 Fr 13229/98 i
Antrag auf Änderung  eingelangt am 26.11.1998
13 eingetragen am 23.11.2001                  Geschäftsfall  75 Fr 15493/01 s
Antrag auf Änderung  eingelangt am 15.11.2001
15 eingetragen am 06.05.2003                  Geschäftsfall  75 Fr  5615/03 g
Antrag auf Änderung  eingelangt am 28.04.2003
21 eingetragen am 12.01.2005                  Geschäftsfall  75 Fr    43/05 f
Antrag auf Änderung  eingelangt am 30.12.2004
32 eingetragen am 05.11.2008                  Geschäftsfall  71 Fr 15810/08 p
Antrag auf Änderung  eingelangt am 31.10.2008
50 eingetragen am 25.01.2013                  Geschäftsfall  73 Fr  1942/13 d
Antrag auf Änderung  eingelangt am 23.01.2013
52 eingetragen am 17.05.2013                  Geschäftsfall  73 Fr  5434/13 p
Antrag auf Änderung  eingelangt am 30.04.2013
Landesgericht Wiener Neustadt
53 eingetragen am 13.06.2013                  Geschäftsfall   1 Fr  3600/13 w
Antrag auf Sitzverlegung  eingelangt am 07.06.2013
55 eingetragen am 04.03.2014                  Geschäftsfall   8 Fr   729/14 h
Antrag auf Änderung  eingelangt am 25.02.2014
57 eingetragen am 24.01.2015                  Geschäftsfall   8 Fr   213/15 h
Antrag auf Änderung  eingelangt am 22.01.2015
58 eingetragen am 15.10.2015
Elektronische Einreichung Jahresabschluss  eingelangt am 28.09.2015

 

 

Historical development

 

Year of incorporation

1894

Date of registration

1996-11-22

 

 

Change in share capital

 

from

to

asset

 

 

2001-11-23

ATS

25.000.000,00

2001-11-23

 

EUR

2.000.000,00

 

 

Former executives

 

from

to

position

name

2009-05-20

2010-12-23

joint signing clerk

Hannes Gruber

2009-05-20

2013-06-13

joint signing clerk

Wilhelm Böhm

2005-04-07

2013-06-13

joint signing clerk

Alfred Rasocha

2005-01-12

2010-03-04

chairman of the supervisory board

Dkfm.Dr. Franz Dolezal Brandenberger

2005-01-12

2010-03-04

deputy chairman of the supervisory board

Erika Dolezal Brandenberger

2005-01-12

2010-03-04

member of the supervisory board

Ing. Helmut Gunst

 

2005-01-12

manager

Dkfm.Dr. Franz Dolezal Brandenberger

2003-11-05

2005-01-12

manager

Ing.Mag. Friedrich Völkl

2009-04-02

2010-01-16

manager

Dr. Adalbert Stampfer

2003-11-05

2010-09-30

manager

Mag. Christoph Dolezal Brandenberger

2010-09-30

2012-10-02

manager

Mag. Kurt Heiny

 

2013-01-25

manager

Dkfm.Dr. Franz Dolezal Brandenberger

1996-11-22

2001-01-11

individual signing clerk

Christian Hahn

 

1999-02-19

joint signing clerk

Ing. Helmut Baier

1999-02-19

2000-07-11

joint signing clerk

Kurt Weber

1997-03-19

2001-07-10

joint signing clerk

Otto Leithner

2000-07-11

2003-05-06

joint signing clerk

Josef Mitterlechner

 

2003-05-06

joint signing clerk

Harald Passecker

1999-10-19

2004-01-06

joint signing clerk

Helmut Zoidl

2005-04-07

2009-04-02

joint signing clerk

Dipl-Ing. Peter Kraus

 

2009-06-26

joint signing clerk

Heinz Peter Windholz

 

 

Former shareholders

 

from

to

position

name

1996-11-11

2005-08-13

partner

W & N Beteiligung-Immobilien- Besitz und Verwertung GmbH.

2005-08-13

2007-09-27

partner

Dolezal-Brandenberger Beteiligungs GmbH

2007-09-27

2013-05-17

partner

PURATOR International GmbH

 

 

Former shareholdings

 

from

to

company name

1996-12-19

1998-12-01

Wallner & Neubert Sanitär- und Heizungsgroßhandel Gesellschaft m.b.H.

1997-01-09

1998-12-01

Import Export Wallner & Neubert Gesellschaft m.b.H.

2000-10-12

2000-10-18

PURATOR Vermögensverwaltung GmbH

2002-05-24

2002-07-02

PURATOR Wallner & Neubert Umwelttechnik GmbH

1999-10-20

2005-07-09

"PURATOR" Entwässerungs- und Umwelttechnik GmbH

1997-01-31

2005-07-09

PURATOR Tiefbaubedarf Vertriebsgesellschaft m.b.H.

2005-05-28

2005-07-09

PURATOR Wallner & Neubert Umwelttechnik GmbH

2002-11-26

2007-07-03

PURATOR Umwelttechnik Gesellschaft m.b.H. in Liqu.

1997-01-08

2010-09-07

Erwin Menzel, Eisengroßhandlung u. Handelsagentur Gesellschaft m.b.H.

 

 

Mergers

 

On

position

name

2000-11-24

merged with

Wallner & Neubert Sanitär- und Heizungsgroßhandel Gesellschaft m.b.H.

2000-11-24

merged with

Import Export Wallner & Neubert Gesellschaft m.b.H.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.84

UK Pound

1

Rs.101.04

Euro

1

Rs.73.05

EUR

1

Rs. 72.54

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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