MIRA INFORM REPORT

 

 

Report No. :

354720

Report Date :

18.12.2015

           

IDENTIFICATION DETAILS

 

Name :

MAGDA ROSE GMBH & CO KG

 

 

Registered Office :

Modecenterstraße 22/A4 A-1030 Wien

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

1962

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

  • Wholesale of clothing.
  • Wholesale and retail trade; repair of motor vehicles.

 

 

No. of Employee :

55 (average)

 

 

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

 

 

Company name and address

 

MAGDA ROSE GMBH & CO KG

 

Modecenterstraße 22/A4

A-1030 Wien

 

Phone:

(0043) 1 7989348

Fax:

(0043) 1 7989194

E-mail:

office@jones.at

Internet:

http://www.jones-fashion.at

 

 

Activities

 

ÖNACE 46421 100% Wholesale of clothing

 

 

Financial data

 

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

 

total turnover (total sales)

2014

EUR

17.400.000,00

(estimated)

total turnover (total sales)

2013

EUR

17.403.500,00

(approx.)

total turnover (total sales)

2012

EUR

18.000.000,00

(approx.)

total turnover (total sales)

2011

EUR

17.988.000,00

(approx.)

total turnover (total sales)

2010

EUR

17.733.000,00

(approx.)

 

total stock

2014

EUR

3.800.000,00

(average)

 

total investments

2013

EUR

308.480,51

(exact)

 

total company vehicles

2015

 

10

(exact)

cars

2015

 

5

(exact)

lorries up to 3.5t

2015

 

5

(exact)

 

total employees

2015

 

55

(average)

white collar workers

2015

 

55

(average)

 

 

General company information

 

Company name

Magda Rose GmbH & Co KG

Year of incorporation

1962

Type of company

Wholesale and retail trade; repair of motor vehicles

Legal form

limited liability partnership since 1979-01-01

Trade names

Jones

Companies house number

FN 6610 x Wien since 1976-12-17

Import

China

Hong Kong

Turkey

European Union

China

Hong Kong

Turkey

European Union

2015

2015

2015

2015

2014

2014

2014

2014

Export

Liechtenstein

Russian Federation

European Union

Liechtenstein

Russian Federation

European Union

2015

2015

2015

2014

2014

2014

VAT number

ATU 10981302

ARA-number

2828

number - Austrian National Bank

172049

Last balance sheet:

2014

Banking connection

UniCredit Bank Austria AG

BLZ 12000

main bank connection

Bankhaus Carl Spängler Co. Aktienges.

BLZ 19530

main bank connection

Erste Bank der oesterreichischen Sparkassen AG

BLZ 20111

main bank connection

BAWAG P.S.K. Bank für Arbeit und Wirtschaft

BLZ 14000

secondary banking connection

Bank Winter&Co. Aktienges.

BLZ 19220

secondary banking connection

RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG

BLZ 32000

secondary banking connection

 

 

Locations

 

operational

A-1030 Wien, Modecenterstr. 22/A4

registered office

operational

A-1030 Wien, Modecenterstraße 22/A4

registered headquarters, rented premises

 

0043 1 7989348

office@jones.at

former

A-5101 Bergheim, Moosfeldstraße 1/3/B21

branch office

former

A-5101 Bergheim, Moosfeldstraße 1/3/B21

branch office

former

A-5500 Bischofshofen, Bahnhofstraße 1-3

branch agency

 

 

Private data

 

Surname

Date of birth

Address

Executive positions

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

Mag. Gabor Rose

1953-12-12

A-1040 Wien

Schmöllerlgasse 3/3

limited partner head of marketing head of personnel

3

Doris Rose

1964-08-17

A-1040 Wien

Schmöllerlgasse 3

limited partner

3

Jennifer Rose-Breitenecker

1983-10-07

A-1030 Wien

Untere Viaduktgasse 57

limited partner head of marketing

0

Mag. Friederike Rogl

 

A-1110 Wien

Modecenterstraße 22(c/o)

head of accounting

0

Martha Gyenis

 

A-1030 Wien

Modecenterstraße 22(c/o)

head of purchasing

0

Yvonne Korkodilos

 

A-1030 Wien

Modecenterstraße 22/Haus A4(c/o)

head of sales

0

Eleonore Lux

 

A-1030 Wien

Modecenterstraße 22(c/o)

head of sales

0

Christine Kiel

 

A-1030 Wien

Modecenterstraße 22/Haus A4(c/o)

head of EDP technical director

0

 

 

ownership structure and related companies

 

Company name

Address

Shareholdings in %

Since

Commercial register no.

Shares in this company are held by:

Rose Gesellschaft m.b.H.

A-1030 Wien

Modecenterstraße 22

 

1992-01-14

FN 110313 a

 

FIRMA

1      Rose Gesellschaft m.b.H.

 

RECHTSFORM

1      Gesellschaft mit beschränkter Haftung

 

KAPITAL

1      ATS 500.000

 

VERTRETUNGSBEFUGNIS

1      Jeder Geschäftsführer vertritt selbständig.
1   Gesellschaftsvertrag  vom 17.11.1976                                001
1   Generalversammlungsbeschluss  vom 20.12.1982                        002
Kapitalerhöhung um ATS 400.000,- .
Änderung des Gesellschaftsvertrages im § 4.
1   Generalversammlungsbeschluss  vom 11.04.1985                        003
Änderung des Gesellschaftsvertrages im § 2.

 

PROKURIST

D   Doris Rose, geb. 17.08.1964
12        vertritt seit 16.02.2006 selbständig
E   Ingeborg Jenisch, geb. 23.06.1961
12        vertritt seit 16.02.2006 selbständig

 

GESCHÄFTSFÜHRER (handelsrechtlich)

A   Mag. Gabor Rose, geb. 12.12.1953
1        vertritt seit 20.12.1982 selbständig

 

GESELLSCHAFTER STAMMEINLAGE HIERAUF GELEISTET

A   Mag. Gabor Rose, geb. 12.12.1953
1        ....................    ATS 350.000
3        ...............................................    ATS 350.000
D   Doris Rose, geb. 17.08.1964
9        ....................    ATS 150.000
9        ...............................................    ATS 150.000
------------------------------------------------------
Summen:           ATS 500.000                ATS 500.000

 

 

 

 

Affiliated companies and further participations:

KTG Rose GmbH & Co KG

A-1030 Wien

Modecenterstraße 22/A4

 

2013-12-11

FN 406467 x

Hermann Krause GmbH & Co KG

A-1030 Wien

Modecenterstraße 22/A4

 

1997-02-05

FN 1022 d

 

 

 

Balance Sheet (absolute) all amounts in EUR

 

 

2014-12-31

Intangible assets

936.756,77

Sum intangible assets

936.756,77

 

Tangible assets

1.145.456,22

Sum tangible assets

1.145.456,22

 

Financial assets

3.023.680,61

Sum financial assets

3.023.680,61

 

Sum fixed assets

5.105.893,60

 

Stocks

4.226.714,31

Sum stock

4.226.714,31

 

Claims and other assets

7.050.094,18

Sum claims

7.050.094,18

 

Cash on hand, cheques and bank deposits

367.416,13

Sum cash and bank

367.416,13

 

Sum current assets

11.644.224,62

 

Deferred charges

102.175,37

Sum deferred charges

102.175,37

Assets

16.852.293,59

 

Share general partner

2.078.056,24

Sum equity capital

2.078.056,24

 

Reserves

610.645,00

Sum reserves

610.645,00

 

Liabilities

14.160.656,72

 

Sum liabilities

14.160.656,72

 

Deferred income

2.935,63

Sum deferred income

2.935,63

 

Liabilities and shareholders'equity

16.852.293,59

Balance sheet sum

16.852.293,59

 

 

 

Key ratios

 

 

2014

Equity capital share in %

12,33

Fixed assets coverage

40,69

 

 

Land Register

 

Note

 

No real estate property registered

 

 

Commercial register

 

Source of data from commercial register: Republic of Austria represented by the Federal Ministry of Justice

 

firm (style)

13      Magda Rose GmbH & Co KG

legal form

1      Kommanditgesellschaft

registered office

1      politischer Gemeinde Wien

business adress

1      Modecenterstr. 22/A4
1030 Wien

general partner

A   Rose Gesellschaft m.b.H.
1        vertritt seit 01.01.1979 selbständig

limited partner

B   Mag Gabor Rose, geb. 12.12.1953
19        .................................................  EUR 594.000
H   Doris Rose, geb. 17.08.1964
9        .................................................  EUR 297.000
I   Jennifer Rose-Breitenecker, geb. 07.10.1983
9        .................................................  EUR 198.000

reference date annual accounts

9      31. Dezember

annual accounts

25      zum 31.12.2014 eingereicht am 02.09.2015
6   Umwandlungsplan  vom 29.09.2003                                     001
6   Übertragung des Unternehmens der                                    002
Bistaro, Wäschefabrikations- und
Handelsgesellschaft m.b.H.
(FN 124748 d)
auf diesen Rechtsträger gemäß §§ 2 ff UmwG.
13   Firma gemäß UGB angepasst                                           003

 

general table

Handelsgericht Wien
1 Ersterfassung abgeschlossen am 14.01.1992  Geschäftsfall 905 Fr    96/92 d
Ersterfassung gem. Art. XXIII Abs. 4 FBG
4 eingetragen am 06.09.1995                  Geschäftsfall 703 Fr  7285/95 t
amtswegige Nachbearbeitung
5 eingetragen am 28.10.1995                  Geschäftsfall 703 Fr 10158/95 t
Antrag auf Änderung  eingelangt am 24.10.1995
6 eingetragen am 22.10.2003                  Geschäftsfall  71 Fr 10767/03 d
Antrag auf Änderung  eingelangt am 30.09.2003
7 eingetragen am 11.11.2003                  Geschäftsfall  73 Fr 12240/03 i
Antrag auf Änderung  eingelangt am 30.09.2003
9 eingetragen am 29.12.2009                  Geschäftsfall  71 Fr 16355/09 z
Antrag auf Änderung  eingelangt am 10.12.2009
13 eingetragen am 11.02.2011                  Geschäftsfall  75 Fr  2047/11 f
Antrag auf Änderung  eingelangt am 08.02.2011
19 eingetragen am 19.03.2011                  Geschäftsfall  75 Fr  2859/11 z
Antrag auf Änderung  eingelangt am 24.02.2011
24 eingetragen am 26.09.2014                  Geschäftsfall  75 Fr 12190/14 y
Antrag auf Änderung  eingelangt am 24.09.2014
25 eingetragen am 12.09.2015
Elektronische Einreichung Jahresabschluss  eingelangt am 02.09.2015

 

 

Historical development

 

Year of incorporation

1962

Date of registration

1976-12-17

 

 

Change of company name

 

from

to

company name

 

2011-02-11

Magda Rose KG

2011-02-11

 

Magda Rose GmbH & Co KG

 

 

Former executives

 

from

to

position

name

 

2010-01-08

individual signing clerk

Mag. Gabor Rose

 

 

Former shareholders

 

from

to

position

name

birth date

 

2003-11-11

limited partner

Mag. Marianne Altmann

1952-09-29

1992-01-14

2011-03-19

limited partner

Karl Rose

1916-09-17

 

 

Former shareholdings

 

from

to

company name

1994-11-03

2003-10-22

Bistaro, Wäschefabrikations - und Handelsgesellschaft m.b.H.

 

 

Mergers

 

On

position

name

2003-11-03

merged with

Bistaro, Wäschefabrikations - und Handelsgesellschaft m.b.H.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.65

UK Pound

1

Rs.99.61

Euro

1

Rs.72.33

EUR

1

Rs.71.78

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 


 

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.