|
Report No. : |
325831 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SALVAGNINI MASCHINENBAU GMBH |
|
|
|
|
Registered Office : |
Dr. Guido Salvagninistraße 1 A-4482 Ennsdorf |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
30.04.2014 |
|
|
|
|
Date of Incorporation : |
20.07.1993 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Manufacture of metal forming machinery. |
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|
|
|
No. of Employee : |
316 (Approx.) |
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 |
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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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Austria |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 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 |
SALVAGNINI
MASCHINENBAU GMBH
Dr. Guido Salvagninistraße 1
A-4482 Ennsdorf
|
Phone: |
(0043) 7223 885 |
|
Fax: |
(0043) 7223 885 - 199 |
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E-mail: |
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|
Internet: |
ÖNACE 28410 100% Manufacture of metal forming machinery
Financial details can also be entered during the period, irrespective of
the balance sheet date.
|
total turnover (total sales) |
2014 |
EUR |
85.000.000,00 |
(estimated) |
|
total turnover (total sales) |
2013 |
EUR |
83.328.346,85 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR |
71.995.021,90 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR |
71.398.224,31 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR |
54.961.600,27 |
(exact) |
|
total investments |
2013 |
EUR |
2.395.420,08 |
(exact) |
|
total company vehicles |
2015 |
|
23 |
(approx.) |
|
cars |
2015 |
|
1 |
(approx.) |
|
lorries up to 3.5t |
2015 |
|
22 |
(approx.) |
|
total employees |
2015 |
|
316 |
(approx.) |
|
Company name |
Salvagnini Maschinenbau GmbH |
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|
Year of incorporation |
1993 |
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Type of company |
Manufacturing |
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|
Legal form |
limited liability company since 1993-07-20 |
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|
Companies House number |
FN 41116 s St. Pölten since
1993-08-03 |
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Import |
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Export |
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VAT number |
ATU 22843207 |
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number - Austrian National Bank |
1999834 |
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Last balance sheet: |
2014 |
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Banking connection |
|
|
operational |
A-4482 Ennsdorf, Dr. Guido Salvagnini-Straße 1 |
registered office |
|
operational |
A-4482 Ennsdorf, Dr. Guido Salvagninistraße 1 |
registered headquarters, owned property |
|
|
0043 7223 885 |
management@salvagnini.com |
|
former |
A-4482 Ennsdorf, Industriezone West Straße 5 |
registered office |
|
former |
A-4482 Ennsdorf, Industriezone West Straße 5 |
registered headquarters |
|
former |
A-4030 Linz, Fuchsengutstraße 7 |
registered headquarters |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Francesco Scarpari |
1955-10-03 |
I-36100 Vicenza Strad Bertesina 270 |
manager |
0 |
|
Hermann Wiesinger |
1971-04-29 |
A-4030 Linz Fuchsengutstraße 7(c/o) |
individual signing clerk head of accounting head of personnel |
0 |
|
MBA, MSc Ing. Wolfgang Kunze |
1962-08-27 |
A-4060 Leonding Gaumbergstraße 82 |
joint signing clerk technical director |
1 |
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
|
Shares in this company are held by: |
||||
|
SAVAGNINI ITALIA S.P.A. |
I- Sarego Savagnini cap 36040 |
100 % |
2009-03-25 |
|
|
|
|
|
|
|
(absolute) all
amounts in EUR
|
|
2014-04-30 |
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
252.863,57 |
|
Sum intangible assets |
252.863,57 |
|
Land and leasehold rights with buildings thereon including building on
land owned by third parties |
6.715.335,49 |
|
Other operating and business equipment |
487.079,22 |
|
Technical plants and machines |
2.537.341,19 |
|
Sum tangible assets |
9.739.755,90 |
|
Other shareholdings |
2.000,00 |
|
Other financial assets, values and securities of fixed assets |
175.853,84 |
|
Sum financial assets |
177.853,84 |
|
Sum fixed assets |
10.170.473,31 |
|
Raw-, auxiliary materials and supplies |
8.565.248,37 |
|
Unfinished products |
7.276.809,99 |
|
Finished products |
1.470.011,65 |
|
Advanced payments |
9.495,00 |
|
Sum stock |
17.321.565,01 |
|
Claims from delivered goods and performed services |
3.554.340,43 |
|
Claims against related firmes Claims against companies with
shareholding relationship |
13.050.493,90 |
|
Other claims and assets |
1.897.184,44 |
|
Sum claims |
18.502.018,77 |
|
Cash on hand, cheques and bank deposits |
145.959,16 |
|
Sum cash and bank |
145.959,16 |
|
Sum current assets |
35.969.542,94 |
|
Deferred charges |
144.842,20 |
|
Sum deferred charges |
144.842,20 |
|
Assets |
46.284.858,45 |
|
|
|
|
Subscribed/declared capital |
2.500.000,00 |
|
Legal reserves |
250.000,00 |
|
Other reserves |
941.329,83 |
|
Balance sheet profit/balance sheet loss |
23.071.617,34 |
|
Thereof profit/loss carried forward |
18.881.109,25 |
|
Sum equity capital |
26.762.947,17 |
|
Other reserves before taxes |
6.242,66 |
|
Sum reserves before taxes |
6.242,66 |
|
Special item for investment contributions of fixed assets |
420.146,77 |
|
Sum floor capital |
420.146,77 |
|
Reserves for pensions |
2.718.466,22 |
|
Tax reserves |
1.473.657,61 |
|
Other reserves |
3.846.249,84 |
|
Sum reserves |
8.038.373,67 |
|
Liabilities against credit institutes |
2.385.507,71 |
|
Received advanced payments for orders |
261.450,00 |
|
Liabilities from delivered goods and performed services |
4.028.184,52 |
|
Liabilities against related firms |
1.641.117,69 |
|
Other liabilities |
2.155.863,82 |
|
Sum liabilities |
10.472.123,74 |
|
|
|
|
Deferred income |
585.024,44 |
|
Sum deferred income |
585.024,44 |
|
Liabilities |
46.284.858,45 |
|
Contingent liabilities |
8.303.294,36 |
|
Balance sheet sum |
46.284.858,45 |
|
|
|
(absolute) all
amounts in EUR
|
|
2014-04-30 |
|
Gross sales |
83.328.346,85 |
|
Increase or decrease in finished and unfinished goods and in service
claims |
-1.335.199,26 |
|
Other manufacturing costs capitalized |
1.023.899,03 |
|
Total turnover or gross profit |
83.017.046,62 |
|
|
|
|
Profits from retirement of fixed assets, except financial assets |
382.720,11 |
|
Other operating profits |
1.645.776,18 |
|
Other operating profits totally |
2.028.496,29 |
|
|
|
|
Costs for obtained services |
-24.097.678,75 |
|
Material costs |
-25.473.674,28 |
|
Costs for obtained services totally |
-49.571.353,03 |
|
|
|
|
Wages |
-4.888.976,99 |
|
Salaries |
-10.562.429,59 |
|
Costs for severance pays |
-542.018,11 |
|
Legal fringe benefits and other payments depending on salaries |
-4.042.765,11 |
|
Other social fringe benefits |
-343.845,72 |
|
Personnel expenses totally |
-20.380.035,52 |
|
|
|
|
Depreciation of intangible assets, tangible assets,activated expenses for
the set up and expansion of business operation |
-1.423.290,54 |
|
Depreciation tangible assets / intangible assets totally |
-1.423.290,54 |
|
|
|
|
Other operating costs |
-7.997.160,49 |
|
Total costs |
-7.997.160,49 |
|
|
|
|
Operating result totally |
5.673.703,33 |
|
|
|
|
Income from other securities and loans of financial assets |
3.230,64 |
|
Interest income, securties income and similar income |
291.721,55 |
|
Interest and similar disbursements |
-400.591,55 |
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Financial profits totally |
-105.639,36 |
|
|
|
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Results from usual business activity totally |
5.568.063,97 |
|
|
|
|
Taxes on income and profits |
-1.379.855,51 |
|
Taxes on income and profits totally |
-1.379.855,51 |
|
|
|
|
Annual surplus/annual deficit totally |
4.188.208,46 |
|
|
|
|
Dissolution reserves before taxes |
2.299,63 |
|
Reserves movements totally |
2.299,63 |
|
|
|
|
Annual profit/annual loss totally |
4.190.508,09 |
|
|
|
|
Profit and loss carried forward from previous year |
18.881.109,25 |
|
Transfer of profits totally |
18.881.109,25 |
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
23.071.617,34 |
|
|
|
|
|
2014 |
|
Cashflow II |
5.611.499,00 |
|
Debt amortisation period in years |
3,22 |
|
Bank indebtedness |
5,15 |
|
Equity capital share in % |
59,07 |
|
Social capital share |
5,87 |
|
Fixed assets coverage |
294,06 |
|
Net profit ratio |
6,70 |
|
Capital turnover |
1,79 |
|
Return on investment in % |
12,89 |
|
Cashflow in % of operating performance |
6,75 |
|
Cashflow I |
6.991.354,51 |
|
Gross productivity |
4,07 |
|
Net productivity |
1,64 |
|
Operating performance |
83.017.046,62 |
|
Inventories in % of operating performance |
20,86 |
|
Gross profit |
33.445.693,59 |
|
Last check |
2015-06-01 |
|
Entry number |
Cadastral community |
Journal number |
|
843 |
Ennsdorf
N 03109 |
959/2008 |
|
Section A – type
of property: |
|
870/11
G GST-Fläche (* 34050) Änderung der Fläche in
Vorbereitung |
|
Section B –
ownership structure: |
|
1 ANTEIL: 1/1 |
|
Section C –
encumbrances: |
|
1 a
1181/1999 |
|
firm (style) |
1
Salvagnini Maschinenbau GmbH |
|
legal form |
1
Gesellschaft mit beschränkter Haftung |
|
registered
office |
17
politischer Gemeinde Ennsdorf |
|
business adress |
25
Dr. Guido Salvagnini-Straße 1 |
|
capital |
19
EUR 2.500.000 |
|
reference date
annual accounts |
8
30. April |
|
annual accounts |
37
zum 30.04.2014 eingereicht am 22.01.2015 |
|
power of
representation |
1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
|
|
|
|
Proxy |
|
|
I
Hermann Wiesinger, geb. 29.04.1971 |
|
|
|
|
|
managing
director |
|
|
A
Francesco Scarpari, geb. 03.10.1955 |
|
|
|
|
|
Shareholder |
|
|
K
SALVAGNINI ITALIA S.P.A. |
|
|
|
|
|
general table |
|
|
Handelsgericht Wien |
|
|
Year of incorporation |
1993 |
|
Date of registration |
1993-08-03 |
|
from |
to |
asset |
|
|
|
2001-11-27 |
ATS |
31.000.000,00 |
|
2001-11-27 |
|
EUR |
2.500.000,00 |
|
from |
to |
position |
name |
|
|
1997-04-16 |
manager |
Francesco Scarpari |
|
1997-04-16 |
1998-01-21 |
manager |
Gesuino Cossu |
|
1997-04-16 |
1998-01-21 |
individual signing clerk |
Francesco Scarpari |
|
|
1999-12-16 |
individual signing clerk |
Ferruccio Sartori |
|
from |
to |
position |
name |
|
|
1997-01-09 |
partner |
Salvagnini Italia Spa. |
|
1997-01-09 |
2009-03-25 |
partner |
Salvagnini BV |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.