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Report No. : |
303711 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PROVIDA GMBH |
|
|
|
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Registered Office : |
Linke Wienzeile 152, A-1060 Wien |
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|
|
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Country : |
Austria |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
|
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Date of Incorporation : |
20.03.2007 |
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|
|
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
·
Engaged in providing Business-To-Business Distribution
Solutions for Industrial and Specialty Chemicals Globally ·
Engaged as Wholesaler of Chemical
Products |
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|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to part
any information from the company management.] |
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 |
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|
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Payment Behaviour : |
Slow but Correct |
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|
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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 |
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High |
B2 |
|
Very High |
C1 |
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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: |
Provida GmbH |
|
Status: |
active company |
|
Locations: |
Linke Wienzeile 152, A-1060 Wien |
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Phone: |
0043 (1) 59995 |
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Fax: |
0043 (1) 59995 - 1288 |
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E-mail: |
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Internet: |
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Activities: |
·
Engaged in providing Business-To-Business
Distribution Solutions for Industrial and Specialty Chemicals Globally · Engaged as Wholesaler of Chemical Products |
|
|
|
|
General Assessment: |
|
|
Probability of Default (Basel II): |
0,22% Low risk |
|
comparison: |
The Rating of this company is better than industry
average. |
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Recommendation: |
In respect to solvency reasons, there is nothing to say against
an establishment of a business relationship. |
|
|
|
|
Detail Assessment: |
Payments have been made within net agreements up to now.
No experience at this time. |
|
|
Company is part of a group and therefore cannot be evaluated
separately. Group makes an increased use of external capital, but the group's
solvency is average. |
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Year of incorporation: |
2007 |
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Activities: |
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Type of company: |
Wholesale and retail trade; repair of motor vehicles |
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Legal form: |
limited liability company since 2007-02-22 |
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companies' house number: |
FN 290699 z Wien 2007-03-20 |
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VAT number: |
ATU 63227403 |
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number - Austrian National Bank: |
7938101 |
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Import |
Country |
|
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||
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Import |
world-wide |
|
2015 |
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||
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||||
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Export |
Country |
|
|
|
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Export |
Turkey |
|
2015 |
|
|
total turnover (total sales) |
2014 |
EUR 49.300.000,00 |
(approx.) |
|
total turnover (total sales) |
2013 |
EUR 41.165.412,34 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR 36.050.329,79 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR 29.488.745,77 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR 26.458.475,07 |
(exact) |
|
total employees |
2015 |
|
(not available) |
|
total investments |
2013 |
EUR
48.500,00 |
(exact) |
|
firm
(style): |
|
1
Provida GmbH |
|
legal
form: |
|
1
Gesellschaft mit beschränkter Haftung |
|
registered
office: |
|
1
politischer Gemeinde Wien |
|
business
adress: |
|
1
Linke Wienzeile 152 |
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capital: |
|
1
EUR 35.000 |
|
reference
date annual accounts: |
|
1
31. Dezember |
|
annual
accounts: |
|
17
zum 31.12.2013 eingereicht am 09.09.2014 |
|
power
of representation: |
|
1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
|
proxy: |
|
C
Jürgen Göss, geb. 25.05.1971 |
|
managing
director: |
|
B
Dkfm. Matthias Compes, geb. 03.06.1965 |
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shareholder: |
|
D
Brenntag CEE GmbH |
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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) |
|
Dkfm. Matthias Compes |
1965-06-03 |
1060 Wien Linke Wienzeile 152 |
manager |
3 |
|
Albert Hart |
1962-04-14 |
1060 Wien Linke Wienzeile 152 |
manager |
1 |
|
Jürgen Göss |
1971-05-25 |
2512 Oeynhausen Kornfeldgasse
21q |
joint signing clerk |
2 |
|
Ernst Johann Hartmann |
1949-09-26 |
4070 Eferding
Schaumburgerstraße 16 |
joint signing clerk |
0 |
|
Hasan Babür Sögütlü |
1957-10-08 |
34350 Kadiköy Istanbul Gülden
Sok Engin Apt. 1 |
joint signing clerk |
0 |
|
Christian Veletanlic |
1973-03-24 |
2333 Leopoldsdorf Hauptstraße
23 |
joint signing clerk |
0 |
|
Elke Hafner |
1975-10-23 |
3610 Weißenkirchen Wachau
Weißenkirchen 234 |
head of accounting |
1 |
(absolute) all amounts in EUR
|
|
2013-12-31 |
|
Goodwill |
102.916,55 |
|
Sum intangible assets |
102.916,55 |
|
Sum fixed assets |
102.916,55 |
|
Finished products |
2.048.780,80 |
|
Advanced payments |
49.301,93 |
|
Sum stock |
2.098.082,73 |
|
Claims from delivered goods and performed services |
118.627,58 |
|
Claims against related firmes Claims against companies
with shareholding relationship |
2.042.206,26 |
|
Other claims and assets |
409.896,49 |
|
Sum claims |
2.570.730,33 |
|
Cash on hand, cheques and bank deposits |
2.630.734,27 |
|
Sum cash and bank |
2.630.734,27 |
|
Sum current assets |
7.299.547,33 |
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Assets |
7.402.463,88 |
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Subscribed/declared capital |
35.000,00 |
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Sum equity capital |
35.000,00 |
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Other reserves |
6.900,00 |
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Sum reserves |
6.900,00 |
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Liabilities from delivered goods and performed services |
6.242.694,02 |
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Liabilities against related firms |
1.117.869,86 |
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Sum liabilities |
7.360.563,88 |
|
Liabilities |
7.402.463,88 |
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Balance sheet sum |
7.402.463,88 |
(absolute) all amounts in
EUR
|
|
2013-12-31 |
|
Gross sales |
41.165.412,34 |
|
Total turnover or gross profit |
41.165.412,34 |
|
Other operating profits |
4.751,95 |
|
Other operating profits totally |
4.751,95 |
|
Material costs |
-40.532.044,79 |
|
Costs for obtained services totally |
-40.532.044,79 |
|
Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business
operation |
-227.614,03 |
|
Depreciation tangible assets / intangible assets
totally |
-227.614,03 |
|
Other operating costs |
-62.515,45 |
|
Total costs |
-62.515,45 |
|
Operating result totally |
347.990,02 |
|
Interest income, securties income and similar income |
64.172,23 |
|
Interest and similar disbursements |
-311,05 |
|
Financial profits totally |
63.861,18 |
|
Results from usual business activity
totally |
411.851,20 |
|
Annual surplus/annual deficit
totally |
411.851,20 |
|
Annual profit/annual loss
totally |
411.851,20 |
|
Transfer of profit/overcounting of losses from ontract of
profit transfer |
-411.851,20 |
|
Transfer of profits totally |
-411.851,20 |
|
B/S profit/ B/S loss from profit and
loss account |
0,00 |
|
|
2013 |
|
Cash flow II |
639.465,23 |
|
Debt amortisation period |
7,40 |
|
Bank indebtedness |
0,00 |
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Equity capital share |
0,47 |
|
Social capital share |
0,00 |
|
Fixed assets coverage |
34,00 |
|
Net profit ratio |
1,00 |
|
Capital turnover |
5,56 |
|
Return on investment |
5,56 |
|
Cash flow in % of operating performance |
1,55 |
|
Cash flow I |
639.465,23 |
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Gross productivity |
0,00 |
|
Net productivity |
0,00 |
|
Operating performance |
41.165.412,34 |
|
Inventories in % of operating performance |
5,09 |
|
Gross profit |
633.367,55 |
|
Type |
Locations |
Description |
|
|
|
E-mail |
|
operational |
Linke Wienzeile 152, A-1060 Wien |
registered office |
|
|
|
|
|
operational |
Linke Wienzeile 152, A-1060 Wien |
registered headquarters, rented premises |
|
|
|
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Company name |
Postal code |
Stake in % |
Companies House |
|
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Shares in this company are
held by: |
||||
|
Brenntag CEE GmbH |
Linke Wienzeile 152, A-1060 Wien |
100 % 2007-03-20 |
FN 93255 s |
|
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|
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Affiliated companies and
further participations: |
||||
|
Brenntag Austria Holding GmbH |
Linke Wienzeile 152, A-1060 Wien |
|
1.303.540 |
FN 239864 t |
|
JLC-Chemie Handels GmbH |
Haidbrunngasse 50, A-2700 Wiener Neustadt |
|
1.168.928 |
FN 214204 g |
|
Banker |
Bank sort code |
Type of banking connection |
|
Raiffeisen Bank International AG, 1011 Wien |
31000 |
main bank connection |
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Year of incorporation: |
2007 |
|
Date of registration: |
2007-03-20 |
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Former executives: |
|||
|
From |
To |
Function |
Name |
|
2007-03-20 |
2013-10-01 |
manager |
Ing. Helmut Struger |
|
2007-08-23 |
2008-07-09 |
joint signing clerk |
Mag. Martin Ulke |
|
2009-04-16 |
2013-10-01 |
joint signing clerk |
Albert Hart |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
UK Pound |
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.