|
Report No. : |
302855 |
|
Report Date : |
15.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BATTENFIELD CINCINATTI AUSTRIAGMBH |
|
|
|
|
Formerly Known As : |
|
|
|
|
|
Registered Office : |
Politischer Gemeinde Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1964 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Plastics and Rubber Machinery. |
|
|
|
|
No. of Employee : |
200 |
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 |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Austria |
A2 |
A2 |
|
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 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.
|
Source
: CIA |
|
Company name: |
battenfeld-cincinnati Austria GmbH |
|
Status: |
active company |
|
Locations: |
Laxenburgerstraße 246, A-1230 Wien |
|
Phone: |
0043 (1) 61006 |
|
Fax: |
0043 (1) 61006 - 8 |
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E-mail: |
|
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Internet: |
|
|
Activities: |
Önace 28960 100% Manufacture of plastics and rubber
machinery |
|
|
|
|
Detail Assessment: |
Payments are made irregularly, sometimes according to agreements.
In several cases reminders have been necessary. |
|
|
Financial situation is average, increased use of external
capital. |
|
Year of incorporation: |
1964 |
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||||
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Activities: |
|
|
||||
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Type of company: |
Manufacturing |
|
||||
|
Legal form: |
limited liability company since 2005-05-11 |
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||||
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companies' house number: |
FN 262860 i Wien 2005-06-04 |
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||||
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VAT number: |
ATU 61750625 |
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||||
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number - Austrian National Bank: |
6941605 |
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||||
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Import |
Country |
|
|
|
||
|
Import |
world-wide |
|
2015 |
|
||
|
Export |
Country |
|
|
|
|
Export |
world-wide |
|
2015 |
|
|
total turnover (total sales) |
2014 |
EUR 48.900.000,00 |
(estimated) |
|
total turnover (total sales) |
2013 |
EUR 48.853.792,39 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR 55.409.993,25 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 66.352.221,84 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 56.949.011,89 |
(exact) |
|
total employees |
2015 |
200 |
(approx.) |
|
total investments |
2013 |
EUR 394.155,00 |
(exact) |
|
total company vehicles |
2015 |
15 |
(approx.) |
|
leasing vehicles |
2015 |
7 |
(approx.) |
|
cars |
2015 |
15 |
(approx.) |
|
firm
(style): |
|
14
battenfeld-cincinnati Austria GmbH |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Wien |
|
business
adress: |
|
1
Laxenburgerstraße 246 |
|
capital: |
|
19
EUR 39.700 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
24
zum 31.12.2013 eingereicht am 04.08.2014 |
|
power
of representation: |
|
1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
|
proxy: |
|
Q
Mag. Andreas Hadrbolec, geb. 16.09.1970 |
|
managing
director: |
|
T
Michael von Cappeln, geb. 06.03.1953 |
|
shareholder: |
|
I
CET Beteiligungs GmbH |
|
general
table: |
|
Handelsgericht Wien |
|
Real
estate text: |
|
No real estate property registered |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Michael von-Cappeln |
1953-03-06 |
47802 Krefeld Gatzenstraße 105 |
manager |
1 |
|
Mag. Andreas Hadrbolec |
1970-09-16 |
3550 Langenlois Hofstattweg 2 |
joint signing clerk |
1 |
|
Peter Hammer |
1966-01-24 |
2551 Enzesfeld Lindabrunn Föhrengasse 20 |
joint signing clerk |
1 |
|
Jeremy Styles |
1956-06-06 |
1010 Wien Bauernmarkt 6 (c/o) |
head of accounting |
0 |
|
Ing. Ludwig Dorsch |
|
1230 Wien Laxenburgerstraße 246(c/o) |
head of purchasing |
0 |
|
Judith Lebic |
|
1230 Wien Laxenburgerstraße 246(c/o) |
head of marketing |
0 |
|
Christian Metry |
|
1230 Wien Laxenburgerstraße 246(c/o) |
head of EDP |
0 |
|
Dipl-Ing. Ludwig Hackl |
|
1230 Wien Laxenburgerstraße 246(c/o) |
technical director |
0 |
(absolute) all amounts in EUR
|
|
2013-12-31 |
|
|
|
|
|
Franchises, patents, licences, trademarks and similar
rights and advantages |
152.741,00 |
|
|
|
|
|
Sum intangible assets |
152.741,00 |
|
|
|
|
|
|
|||||
|
Other operating and business equipment |
1.297.873,00 |
|
|
|
|
|
Technical plants and machines |
3.818.809,00 |
|
|
|
|
|
Advanced payments and constructions in progress |
93.816,00 |
|
|
|
|
|
Sum tangible assets |
5.210.498,00 |
|
|
|
|
|
|
|||||
|
Shares on related firms |
2.156,00 |
|
|
|
|
|
Other financial assets, values and securities of fixed
assets |
24.090,00 |
|
|
|
|
|
Sum financial assets |
26.246,00 |
|
|
|
|
|
|
|||||
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Sum fixed assets |
5.389.485,00 |
|
|
|
|
|
|
|||||
|
Raw-, auxiliary materials and supplies |
2.537.010,93 |
|
|
|
|
|
Unfinished products |
5.565.566,46 |
|
|
|
|
|
Finished products |
824.019,04 |
|
|
|
|
|
Advanced payments |
38.271,84 |
|
|
|
|
|
Sum stock |
8.964.868,27 |
|
|
|
|
|
|
|||||
|
Claims from delivered goods and performed services |
5.432.350,32 |
|
|
|
|
|
Claims against related firmes Claims against companies
with shareholding relationship |
5.457.582,80 |
|
|
|
|
|
Other claims and assets |
591.686,89 |
|
|
|
|
|
Sum claims |
11.481.620,01 |
|
|
|
|
|
|
|||||
|
Cash on hand, cheques and bank deposits |
2.185.260,89 |
|
|
|
|
|
Sum cash and bank |
2.185.260,89 |
|
|
|
|
|
|
|||||
|
Sum current assets |
22.631.749,17 |
|
|
|
|
|
|
|||||
|
Deferred charges |
38.256,25 |
|
|
|
|
|
Sum deferred charges |
38.256,25 |
|
|
|
|
|
Assets |
28.059.490,42 |
|
|
|
|
|
|
|||||
|
Subscribed/declared capital |
39.700,00 |
|
|
|
|
|
Committed capital reserves |
4.561.300,00 |
|
|
|
|
|
Not committed capital reserves |
16.359.636,07 |
|
|
|
|
|
Legal reserves |
3.500,00 |
|
|
|
|
|
Balance sheet profit/balance sheet loss |
-18.040.722,72 |
|
|
|
|
|
Thereof profit/loss carried forward |
-18.184.587,08 |
|
|
|
|
|
Sum equity capital |
2.923.413,35 |
|
|
|
|
|
|
|||||
|
Other reserves before taxes |
471.588,00 |
|
|
|
|
|
Sum reserves before taxes |
471.588,00 |
|
|
|
|
|
|
|||||
|
Reserves for severance pays |
3.816.378,67 |
|
|
|
|
|
Tax reserves |
48.776,54 |
|
|
|
|
|
Other reserves |
5.189.065,01 |
|
|
|
|
|
Sum reserves |
9.054.220,22 |
|
|
|
|
|
|
|||||
|
Liabilities against credit institutes |
3.822.351,36 |
|
|
|
|
|
Received advanced payments for orders |
3.152.988,68 |
|
|
|
|
|
Liabilities from delivered goods and performed services |
6.203.837,99 |
|
|
|
|
|
Liabilities against related firms |
991.711,19 |
|
|
|
|
|
Other liabilities |
1.239.379,63 |
|
|
|
|
|
Special account liabilities |
200.000,00 |
|
|
|
|
|
Sum liabilities |
15.610.268,85 |
|
|
|
|
|
|
|||||
|
Liabilities |
28.059.490,42 |
|
|
|
|
|
|
|||||
|
Contingent liabilities |
71.220.820,89 |
|
|
|
|
|
Balance sheet sum |
28.059.490,42 |
|
|
|
|
(absolute) all amounts in EUR
|
|
2013-12-31 |
|
|
|
|
|
Gross sales |
48.853.792,39 |
|
|
|
|
|
Total turnover or gross profit |
48.853.792,39 |
|
|
|
|
|
|
|||||
|
Other operating profits |
5.466.578,75 |
|
|
|
|
|
Other operating profits totally |
5.466.578,75 |
|
|
|
|
|
|
|||||
|
Other operating costs |
-2.058.575,02 |
|
|
|
|
|
Production costs of the services performed for the
sales |
-37.302.751,63 |
|
|
|
|
|
Marketing costs |
-8.852.198,61 |
|
|
|
|
|
Administration costs |
-5.927.590,20 |
|
|
|
|
|
Total costs |
-54.141.115,46 |
|
|
|
|
|
|
|||||
|
Operating result totally |
179.255,68 |
|
|
|
|
|
|
|||||
|
Income from other securities and loans of financial
assets |
561,00 |
|
|
|
|
|
Interest income, securties income and similar income |
53.393,18 |
|
|
|
|
|
Interest and similar disbursements |
-116.783,86 |
|
|
|
|
|
Financial profits totally |
-62.829,68 |
|
|
|
|
|
|
|||||
|
Results from usual business activity
totally |
116.426,00 |
|
|
|
|
|
|
|||||
|
Taxes on income and profits |
-71.822,64 |
|
|
|
|
|
Taxes on income and profits totally |
-71.822,64 |
|
|
|
|
|
Annual surplus/annual deficit
totally |
44.603,36 |
|
|
|
|
|
|
|||||
|
Dissolution reserves before taxes |
99.261,00 |
|
|
|
|
|
Reserves movements totally |
99.261,00 |
|
|
|
|
|
Annual profit/annual loss
totally |
143.864,36 |
|
|
|
|
|
|
|||||
|
Profit and loss carried forward from previous year |
-18.184.587,08 |
|
|
|
|
|
Transfer of profits totally |
-18.184.587,08 |
|
|
|
|
|
B/S profit/ B/S loss from profit and
loss account |
-18.040.722,72 |
|
|
|
|
|
|
2013 |
|
|
|
|
|
|
Cash flow II |
44.603,36 |
|
|
|
|
|
|
Debt amortisation period |
433,29 |
|
|
|
|
|
|
Bank indebtedness |
13,62 |
|
|
|
|
|
|
Equity capital share |
13,63 |
|
|
|
|
|
|
Social capital share |
13,60 |
|
|
|
|
|
|
Fixed assets coverage |
133,80 |
|
|
|
|
|
|
Net profit ratio |
0,23 |
|
|
|
|
|
|
Capital turnover |
1,74 |
|
|
|
|
|
|
Return on investment |
0,83 |
|
|
|
|
|
|
Cash flow in % of operating performance |
0,09 |
|
|
|
|
|
|
Cash flow I |
116.426,00 |
|
|
|
|
|
|
Gross productivity |
0,00 |
|
|
|
|
|
|
Net productivity |
0,00 |
|
|
|
|
|
|
Operating performance |
48.853.792,39 |
|
|
|
|
|
|
Inventories in % of operating performance |
18,35 |
|
|
|
|
|
|
Gross profit |
48.853.792,39 |
|
|
|
|
|
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Laxenburgerstraße 246, A-1230 Wien |
registered office |
|
|
|
|
|
operational |
Laxenburgerstraße 246, A-1230 Wien |
registered headquarters, rented premises |
|
|
|
reception@battenfeld-cincinnati.com |
|
Company name |
Postal code |
Stake in % |
Companies House |
|
CET Beteiligungs GmbH |
Laxenburgerstraße 246, A-1230 Wien |
88.16 % 2007-05-30 |
FN 289807 m |
|
BC Extrusion Holding GmbH |
Königstraße 53, D-32547 Bad Oeynhausen |
11.84 % 2012-11-21 |
|
|
Banker |
Bank sort code |
Type of banking connection |
|
Erste Bank der oesterreichischen Sparkassen AG, 1011 Wien |
20111 |
main bank connection |
|
Raiffeisen Bank International AG, 1011 Wien |
31000 |
main bank connection |
|
UniCredit Bank Austria AG, 1011 Wien |
12000 |
secondary banking connection |
|
Year of incorporation: |
1964 |
|
Date of registration: |
2005-06-04 |
|
Change of company name: |
||
|
From |
To |
Company name |
|
2005-09-27 |
2010-04-16 |
Cincinnati Extrusion GmbH |
|
2010-04-16 |
2010-04-17 |
battenfeld-cinicinnati Austria GmbH |
|
2010-04-17 |
|
battenfeld-cincinnati Austria GmbH |
|
|
2005-09-27 |
Cincinnati Extrusions- Maschinen Produktions GmbH |
|
Change in share capital: |
||
|
From |
To |
Capital |
|
|
2012-11-21 |
EUR 35.000,00 |
|
2012-11-21 |
|
EUR 39.700,00 |
|
Former executives: |
|||
|
From |
To |
Function |
Name |
|
2006-08-26 |
2007-03-06 |
chairman of the supervisory board |
Heinz Wirke |
|
2070"/> |
2007-05-30 |
chairman of the supervisory board |
Pepyn Rene Dinandt |
|
2007-05-30 |
2008-11-11 |
chairman of the supervisory board |
Johannes Maret |
|
2008-11-11 |
2010-02-27 |
chairman of the supervisory board |
Wolfgang Studener |
|
2010-02-27 |
2013-04-24 |
chairman of the supervisory board |
Manfred Jürgen Arnold |
|
2006-08-26 |
2007-05-30 |
deputy chairman of the supervisory board |
Dr. Heinz Löber |
|
2007-05-30 |
2008-11-11 |
deputy chairman of the supervisory board |
Jürgen Wirths |
|
2008-11-11 |
2013-02-07 |
deputy chairman of the supervisory board |
Dr. Stephan Pühl |
|
|
2013-04-24 |
deputy chairman of the supervisory board |
Michael von Cappeln |
|
2006-08-26 |
2007-05-30 |
member of the supervisory board |
Christian Dorf |
|
2007-05-30 |
2008-11-11 |
member of the supervisory board |
Herbert Doleisch |
|
2008-11-11 |
2013-04-24 |
member of the supervisory board |
Dirk Eikmeyer |
|
2006-08-26 |
2013-04-24 |
member of the supervisory board |
Walter Engstler |
|
2006-08-26 |
2013-04-24 |
member of the supervisory board |
Paul Hodosi |
|
2005-06-04 |
2014-05-13 |
manager |
Dipl-Ing. Walter Häder |
|
Former shareholders: |
|||
|
From |
To |
Function |
Name |
|
2005-06-04 |
2007-05-30 |
partner |
SMS Beteiligungs-GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
|
1 |
Rs.94.24 |
|
Euro |
1 |
Rs.73.30 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.