MIRA INFORM REPORT

 

 

Report No. :

330030

Report Date :

01.07.2015

 

IDENTIFICATION DETAILS

 

Name :

KLAUSNER TRADING INTERNATIONAL GMBH

 

 

Registered Office :

Bahnhofstraße 13, A-6372 Oberndorf Tirol

 

 

Country :

Austria

 

 

Financials (as on) :

30.06.2013

 

 

Year of Establishment :

2004

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

  • Wholesale of wood
  • Agents involved in the sale of timber and building materials

 

 

No. of Employee :

57 (2015)

 

 

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 :

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

 

KLAUSNER TRADING INTERNATIONAL GMBH

 

Bahnhofstraße 13, A-6372 Oberndorf Tirol

 

Phone:

(0043) 5352 6020

Fax:

(0043) 5352 602 - 100

E-mail:

kti@klausner-group.com

Internet:

http://www.klausner-group.com

 

 

Activities

 

ÖNACE 46731 50% Wholesale of wood

ÖNACE 46130 50% Agents involved in the sale of timber and building materials

 

 

Financial data

 

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

total turnover (total sales)

2014

EUR

250.000.000,00

(estimated)

total turnover (total sales)

2013

EUR

250.000.000,00

(estimated)

total turnover (total sales)

2012

EUR

250.907.431,93

(exact)

total turnover (total sales)

2011

EUR

258.839.803,15

(exact)

total turnover (total sales)

2010

EUR

276.342.064,90

(exact)

 

total investments

2012

EUR

1.386.826,11

(exact)

 

total company vehicles

2015

 

7

(approx.)

cars

2015

 

7

(approx.)

 

total employees

2015

 

57

(average)

white collar workers

2015

 

50

(average)

blue collar workers

2015

 

7

(average)

 

 


General company information

 

Company name

KLAUSNER TRADING INTERNATIONAL GMBH

Year of incorporation

2004

Type of company

Wholesale and retail trade; repair of motor vehicles

Legal form

limited liability company since 2004-11-25

Companies house number

FN 256404 s Salzburg  since 2004-12-15

VAT number

ATU 61293102

Last balance sheet:

2013

Banking connection

Austrian Anadi Bank AG

BLZ 52000

main bank connection

UniCredit Bank Austria AG

BLZ 12000

secondary banking connection

Sparkasse der Stadt Kitzbühel

BLZ 20505

secondary banking connection

 

 

Locations

 

operational

A-6372 Oberndorf Tirol, Bahnhofstraße 13, (seit 25.07.2008)

registered headquarters

 

0043 5352 6020

kti@klausner-group.com

operational

A-6372 Oberndorf bei Kitzbühel, Bahnhofstraße 13

registered office

former

A-5020 Salzburg, Neutorstraße 13

registered office

former

A-6380 St. Johann Tirol, Parzachweg 3

registered headquarters

 

 

Private data

 

Surname

Date of birth

Address

Executive positions

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

Michael Almberger

1965-07-25

A-6382 Kirchdorf

Dorfstraße 26

manager

2

 

 


related companies

 

Company name

Address

Shareholdings in %

Since

Commercial register no.

Shares in this company are held by:

Fritz Klausner Holzindustrie Gesellschaft m.b.H.

A-6372 Oberndorf Tirol

Bahnhofstraße 13

100 %

2004-12-15

FN 53821 z

 

Affiliated companies and further participations:

Klausner Holzindustrie KG

A-6380 St. Johann Tirol

Parzachweg 1

 

 

FN 24700 z

Klausner Holz Thüringen GmbH

D-07929 Saalburg-Ebersdorf OT Friesau

Am Bahnhof 123

 

 

 

Klausner Nordamerika Beteiligungs GmbH

A-6372 Oberndorf Tirol

Bahnhofstraße 13

 

 

FN 288206 h

HWN Holzwerke Nord GmbH

D-23970 Wismar

Am Haffeld 2

 

 

 

Klausner Holz Sachsen GmbH

D-02923 Kodersdorf

Industriestraße 1

 

 

 

Klausner Holz Niedersachsen GmbH

D-07929 Saalburg Ebersdorf

Am Bahnhof 123

 

 

 

Klausner Holz Bayern GmbH

D-86899 Landsberg am Lech

Franz Kollmann Straße 5

 

 

 

Klausner Trading USA Inc.

USA-29577-571 Myrtle Beach, South Carolina

1113 44th Avenue North, Suite 201

 

 

 

 

 


Balance Sheet (absolute)

 

all amounts in EUR

 

2013-06-30

Goodwill

1.880.000,02

Franchises, patents, licences, trademarks and similar rights and advantages

90.021,30

Sum intangible assets

1.970.021,32

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

14.399,72

Other operating and business equipment

1.766.701,82

Sum tangible assets

1.781.101,54

Sum fixed assets

3.751.122,86

Finished products

5.492.365,25

Received advanced payments for orders

10.000,00

Sum stock

5.502.365,25

Claims from delivered goods and performed services

33.298.733,11

Claims against related firmes Claims against companies with shareholding relationship

11.946.867,50

Other claims and assets

9.858.062,60

Sum claims

55.103.663,21

Cash on hand, cheques and bank deposits

2.779.914,12

Sum cash and bank

2.779.914,12

Sum current assets

63.385.942,58

Deferred charges

72.134,64

Sum deferred charges

72.134,64

Assets

67.209.200,08

 

Subscribed/declared capital

3.035.000,00

Legal reserves

303.500,00

Balance sheet profit/balance sheet loss

7.510.855,52

Thereof profit/loss carried forward

7.211.235,22

Sum equity capital

10.849.355,52

Tax reserves

71.564,99

Other reserves

1.196.416,56

Sum reserves

1.267.981,55

Liabilities against credit institutes

34.000.000,00

Received advanced payments for orders

1.374.497,72

Liabilities from delivered goods and performed services

18.616.090,55

Other liabilities

1.101.274,74

Sum liabilities

55.091.863,01

 

Liabilities

67.209.200,08

Contingent liabilities

352.000,00

Balance sheet sum

67.209.200,08

 

 

 

P / L Account (absolute)

 

all amounts in EUR

 

2013-06-30

Gross sales

250.907.431,93

Total turnover or gross profit

250.907.431,93

 

Income from dissolution of reserves

74.812,05

Other operating profits

3.034.568,40

Other operating profits totally

3.109.380,45

 

Material costs

-211.839.861,79

Costs for obtained services totally

-211.839.861,79

 

Wages

-125.423,95

Salaries

-2.833.668,63

Legal fringe benefits and other payments depending on salaries

-802.010,39

Other social fringe benefits

-25.773,98

Personnel expenses totally

-3.786.876,95

 

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

-444.531,93

Depreciation tangible assets / intangible assets totally

-444.531,93

 

Other operating costs

-35.900.101,96

Other taxes

-11.240,84

Total costs

-35.911.342,80

 

Operating result totally

2.034.198,91

 

Interest income, securties income and similar income

147.384,13

Interest and similar disbursements

-1.816.154,38

Financial profits totally

-1.668.770,25

 

Results from usual business activity totally

365.428,66

 

Taxes on income and profits

-65.808,36

Taxes on income and profits totally

-65.808,36

 

Annual surplus/annual deficit totally

299.620,30

 

Annual profit/annual loss totally

299.620,30

 

Profit and loss carried forward from previous year

7.211.235,22

Transfer of profits totally

7.211.235,22

 

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

7.510.855,52

Key ratios

 

 

2013

Cashflow II

744.152,23

Debt amortisation period in years

70,15

Bank indebtedness

50,58

Equity capital share in %

16,47

Social capital share

0,00

Fixed assets coverage

289,22

Net profit ratio

0,14

Capital turnover

3,73

Return on investment in %

3,24

Cashflow in % of operating performance

0,29

Cashflow I

809.960,59

Gross productivity

66,25

Net productivity

10,31

Operating performance

250.907.431,93

Inventories in % of operating performance

2,19

Gross profit

39.067.570,14

 

 

Land Register

 

Note

No real estate property registered

 

 

Commercial register

 

firm (style)

1      Klausner Trading International GmbH

legal form

1      Gesellschaft mit beschränkter Haftung

registered office

6      politischer Gemeinde Oberndorf in Tirol

business adress

6      Bahnhofstraße 13
6372 Oberndorf bei Kitzbühel

capital

2      EUR 3.035.000

reference date annual accounts

1      30. Juni

annual accounts

12      zum 30.06.2013 eingereicht am 25.03.2014

power of representation

1      Die Generalversammlung bestimmt, wenn mehrere Geschäfts-
führer bestellt sind, deren Vertretungsbefugnis.
Gemischte Vertretung ist möglich.
1   Erklärung über die Errichtung der Gesellschaft                      001
vom 25.11.2004
2   Generalversammlungsbeschluss  vom 02.05.2005                        002
Kapitalerhöhung um EUR 3.000.000,- .
Änderung des Gesellschaftsvertrages im Punkt viertens A.
6   Generalversammlungsbeschluss  vom 30.10.2008                        003
Änderung der Erklärung über die Errichtung der Gesellschaft
in Punkt Zweitens.

managing director

A   Michael Almberger, geb. 25.07.1965
1        vertritt seit 15.12.2004 selbständig

shareholder

B   Fritz Klausner Holzindustrie
Gesellschaft m.b.H.
2        ..................    EUR 3.035.000
2        .............................................    EUR 3.035.000
------------------------------------------------------
Summen:         EUR 3.035.000              EUR 3.035.000

general table

Landesgericht Salzburg
1 eingetragen am 15.12.2004                  Geschäftsfall  45 Fr  7644/04 g
Antrag auf Neueintragung einer Firma  eingelangt am 07.12.2004
2 eingetragen am 01.06.2005                  Geschäftsfall  45 Fr  2731/05 s
Antrag auf Änderung  eingelangt am 20.05.2005
Landesgericht Innsbruck
6 eingetragen am 11.12.2008                  Geschäftsfall  64 Fr  2862/08 g
Antrag auf Sitzverlegung  eingelangt am 04.12.2008
12 eingetragen am 03.04.2014
Elektronische Einreichung Jahresabschluss  eingelangt am 25.03.2014

 

Historical development

 

Year of incorporation

2004

Date of registration

2004-12-15

 

 

Change in share capital

 

from

to

asset

 

 

2005-06-01

EUR

35.000,00

2005-06-01

 

EUR

3.035.000,00

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.75

UK Pound

1

Rs.100.12

Euro

1

Rs.71.20

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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.