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Report No. : |
309162 |
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Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
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Name : |
TEXTIL KARNTNER GMBH |
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Registered Office : |
Hauptstraße 37 A-4300 St. Valentin |
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Country : |
Austria |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
30.07.2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Financial and Insurance Activities |
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No. of Employee : |
2 (Approx.) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Austria |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 sound industrial sector, and a small, but highly developed agricultural sector. Following several years of solid foreign demand for Austrian exports and record employment growth, the international financial crisis of 2008 and subsequent global economic downturn led to a sharp but brief recession. Austrian GDP contracted 3.8% in 2009 but saw positive growth of about 2% in 2010 and 2.7% in 2011. Growth fell to 0.6% in 2012. Unemployment did not rise as steeply in Austria as elsewhere in Europe, partly because the government subsidized reduced working hour schemes to allow companies to retain employees. The 2012 unemployment rate of 4.3% was the lowest within the EU. Stabilization measures, stimulus spending, and an income tax reform pushed the budget deficit to 4.5% in 2010 and 2.6% in 2011, from only about 0.9% in 2008. The international financial crisis of 2008 caused difficulties for Austria's largest banks whose extensive operations in central, eastern, and southeastern Europe faced large losses. The government provided bank support - including in some instances, nationalization - to support aggregate demand and stabilize the banking system. Austria's fiscal position compares favorably with other euro-zone countries, but it faces external risks, such as Austrian banks' continued exposure to Central and Eastern Europe as well as political and economic uncertainties caused by the European sovereign debt crisis. In 2011 the government attempted to pass a constitutional amendment limiting public debt to 60% of GDP by 2020, but it was unable to obtain sufficient support in parliament and instead passed the measure as a simple law. In March 2012, the Austrian parliament approved an austerity package consisting of a mix of expenditure cuts and new revenues that will bring public finances into balance by 2016. In 2012, the budget deficit rose to 3.1% of GDP.
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Source
: CIA |
TEXTIL KARNTNER GMBH
Hauptstraße 37
A-4300 St. Valentin
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Phone: |
(0043) 7435 52169 |
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Fax: |
(0043) 7435 52779 |
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E-mail: |
office@karntner.com |
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Internet: |
http://www.kartner.com |
ÖNACE 64200 100% Activities of holding companies
Financial details can also be entered during the period, irrespective of the balance sheet date.
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total turnover (total sales) |
2014 |
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(no figures known) |
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total employees |
2015 |
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2 |
(approx.) |
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white collar workers |
2015 |
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2 |
(approx.) |
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Company name |
Textil Karntner GmbH |
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Year of incorporation |
2001 |
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Type of company |
Financial and insurance activities |
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Legal form |
limited liability company since 2001-07-30 |
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Companies House number |
FN 212094 d St. Pölten since 2001-08-08 |
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number - Austrian National Bank |
5182441 |
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Last balance sheet: |
2013 |
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Banking connection |
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operational |
A-4300 St. Valentin, Hauptstraße 37 |
registered office |
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operational |
A-4300 St. Valentin, Hauptstraße 37 |
registered headquarters |
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0043 7435 52169 |
office@karntner.com |
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former |
A-4030 Linz, Denkstraße 49 |
registered office |
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Gerhard Karntner |
1965-11-02 |
A-4300 St. Valentin Schubertviertel 35 |
manager partner |
4 |
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Gabriele Karntner |
1967-01-29 |
A-4300 St. Valentin Schubertviertel 35 |
manager partner |
3 |
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Waltraud Karntner |
1942-12-17 |
A-4300 St. Valentin Brucknerstraße 28 |
partner |
0 |
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Karl Karntner |
1938-05-24 |
A-4300 St. Valentin Brucknerstraße 28 |
partner |
0 |
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Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
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Shares in this company are held by: |
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Karl Karntner |
A-4300 St. Valentin Brucknerstraße 28 |
25 % |
2001-08-08 |
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Waltraud Karntner |
A-4300 St. Valentin Brucknerstraße 28 |
25 % |
2001-08-08 |
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Gerhard Karntner |
A-4300 St. Valentin Schubertviertel 35 |
25 % |
2001-08-08 |
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Gabriele Karntner |
A-4300 St. Valentin Schubertviertel 35 |
25 % |
2001-08-08 |
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Affiliated companies and further participations: |
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Karntner Beteiligung, GmbH & Co KG |
A-4300 St. Valentin/ NÖ Hauptstraße 37 |
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2010-10-14 |
FN 352764 x |
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Textil Karntner GmbH & Co KG |
A-4300 St. Valentin Hauptstraße 37 |
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2001-11-21 |
FN 213560 i |
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TK-Vertriebsgesellschaft m.b.H. |
A-4300 St. Valentin Hauptstraße 37 |
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FN 142743 t |
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Karntner Anteilsverwaltung GmbH |
A-4300 St. Valentin Hauptstraße 37 |
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FN 350640 y |
(absolute) all amounts in EUR
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2013-12-31 |
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Financial assets |
207.394,50 |
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Sum financial assets |
207.394,50 |
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Sum fixed assets |
207.394,50 |
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Claims and other assets |
324.139,00 |
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Sum claims |
324.139,00 |
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Cash on hand, cheques and bank deposits |
8.273,72 |
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Sum cash and bank |
8.273,72 |
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Sum current assets |
332.412,72 |
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Assets |
539.807,22 |
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Subscribed/declared capital |
35.000,00 |
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Balance sheet profit/balance sheet loss |
97.999,21 |
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Thereof profit/loss carried forward |
88.987,90 |
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Sum equity capital |
132.999,21 |
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Reserves |
397.944,10 |
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Sum reserves |
397.944,10 |
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Liabilities |
8.863,91 |
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Sum liabilities |
8.863,91 |
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Liabilities |
539.807,22 |
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Balance sheet sum |
539.807,22 |
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2013 |
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Equity capital share in % |
24,63 |
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Fixed assets coverage |
64,12 |
Note:
No real estate property registered
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firm (style) |
1 Textil Karntner GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
8 politischer Gemeinde Sankt Valentin |
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business adress |
8 Hauptstraße 37 |
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capital |
1 EUR 35.000 |
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reference date annual accounts |
1 31. Dezember |
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annual accounts |
16 zum 31.12.2013 eingereicht am
18.07.2014 |
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power of representation |
1 Die Generalversammlung bestimmt, wenn
mehrere Geschäfts- |
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managing
director
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B Gerhard Karntner, geb. 02.11.1965 |
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Shareholder
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A Karl Karntner, geb. 24.05.1938 |
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general
table
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Landesgericht Linz |
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Year of incorporation |
2001 |
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Date of registration |
2001-08-08 |
Former executives
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from |
to |
position |
name |
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2001-08-08 |
2010-10-05 |
manager |
Karl Karntner |
The Basel Committee on Banking Supervision was established in 1974. Its objective is to develop guidelines and recommendations for high and uniform standards in the banking supervision. These guidelines serve as the basis of legal acts of the European Union, which are either to be implemented in national law or which are directly applicable. In 1988 the committee published the Basel Capital Accord. The essential content of Basel I was the determination of a minimum equity capital rate of 8 % for banks. In 2004 the committee published the International Convergence of Capital Measurement and Capital Standard, better known as Basel II. Therein, the standards of Basel I were extended by two pillars.
Second pillar: Regulations for auditing standards, if and how the compliance with the minimum requirements of risk measurement and risk management systems is ensured in individual banks.
Third pillar: Obligations and recommendations for publishing information from the ongoing banking business (market discipline).
The first pillar was specified in more detail. In the calculation of the minimum equity capital, more importance is given to the assessment of the credit risk and the thereby associated requirement to deposit equity capital.
In response to the crisis on the financial market, the Basel Committee developed a reform package and presented it in December 2010. Apart from liquidity standards and a leverage ratio, the structure of equity capital was redefined; in particular, the percentage of the core capital was raised from 2 % to 4.5 %. It is still not allowed to fall below the value of 8 %, otherwise insolvency proceedings are to be initiated regarding the respective bank for purposes of banking supervision.
This new framework called Basel III entered into force on 1st January 2014; whereas, transitional periods enable an introduction of the new regulations step by step until 1st January 2019.
The process of running a solvency check before granting a credit is to be standardised, objectified and rationalised in accordance with the Basel regulations. The objective is to achieve the same with regard to ratings.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.05 |
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|
1 |
Rs.96.03 |
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Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
ANK |
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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.