MIRA INFORM REPORT

Report No. :	327689
Report Date :	23.06.2015

IDENTIFICATION DETAILS

Name :	ING. SUMETZBERGER GMBH.
Registered Office :	Leberstraße 108-110, A-1110 Wien
Country :	Austria
Financials (as on) :	28.02.2014
Year of Establishment :	1921
Legal Form :	Limited Liability Company
Line of Business :	· Electrical installation Manufacture of lifting and handling equipment
No. of Employee :	318 (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 :	No complaints
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

ING. SUMETZBERGER GMBH.

Leberstraße 108-110, A-1110 Wien

Phone:	(0043) 1 74035
Fax:	(0043) 1 74035 - 200
E-mail:	info@sumetzberger.at
Internet:	http://www.sumetzberger.at

Activities

ÖNACE 43210 60% Electrical installation

ÖNACE 28220 40% Manufacture of lifting and handling equipment

Collections

Submitted for collection on	Submitted amount		Amount paid so far		Outstanding amount		Last status of debt collection	Status as of
2013-06-25	EUR	625,20	EUR	625,20	EUR	0,00	Agreement with creditor	2013-07-15
Summen	EUR	625,20	EUR	625,20	EUR	0,00

Financial data

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

total turnover (total sales)	2014	EUR	43.000.000,00	(approx.)
total turnover (total sales)	2013	EUR	41.079.174,25	(exact)
total turnover (total sales)	2012	EUR	43.240.200,00	(exact)
total turnover (total sales)	2011	EUR	35.195.983,34	(exact)
total turnover (total sales)	2010	EUR	28.148.246,68	(exact)

total investments

2013

EUR

626.207,91

(exact)

total company vehicles

2015

77

(approx.)

total employees

2015

318

(approx.)

General company information

Company name

Ing. Sumetzberger GMBH.

Year of incorporation

1921

Type of company

Construction

Legal form

limited liability company since 1994-08-01

Trade names

Thyssen

Trade names

TOA

Companies House number

FN 118934 d Wien since 1994-10-21

Import

USA European Union USA European Union

2015 2015 2014 2014

Export

world-wide world-wide

2015 2014

VAT number

ATU 37204100

number - Austrian National Bank

2395410

Last balance sheet:

2014

Banking connection

Erste Bank der oesterreichischen Sparkassen AG	BLZ 20111	main bank connection
UniCredit Bank Austria AG	BLZ 12000	secondary banking connection
HYPO-BANK BURGENLAND Aktiengesellschaft	BLZ 51000	secondary banking connection
HYPO NOE Landesbank AG	BLZ 53000	secondary banking connection
BAWAG P.S.K. Bank für Arbeit und Wirtschaft	BLZ 60000	secondary banking connection

Locations

operational	A-1110 Wien, Leberstraße 108	registered office
operational	A-1110 Wien, Leberstraße 108-110	registered headquarters, owned property
	0043 1 74035	info@sumetzberger.at
operational	A-1030 Wien, Kölblgasse 9	branch office, rented premises
	0043 1 7985171
operational	A-5020 Salzburg, Matzenkopfgasse 35	branch office, rented premises
	0043 662 430303
operational	A-3034 Maria Anzbach, Burgstall-Johannesbergstraße 10	branch office, rented premises
operational	A-8055 Graz Puntigam, Feldkirchnerweg 41 C	office
	0043 316 297150
former	A-4600 Wels, Mitterweg 31	branch office
former	A-4020 Linz, Binderlandweg 20	branch office
former	A-8020 Graz, Feldkirchnerweg 17 a	branch office
former	A-8020 Graz, Köstenbaumgasse 17	branch office

Private data

Surname	Date of birth	Address	Executive positions	Further executive positions (as registered in the companies' house)
Ing. Walter Sumetzberger	1933-09-02	A-1030 Wien Kölblgasse 9	manager partner	2
Elsa Sumetzberger	1937-09-27	A-1030 Wien Kölblgasse 9	partner individual signing clerk	2
Ing. Thomas Puhr	1976-01-31	A-2625 Schwarzau am Steinfelde Schneebergblick 10	joint signing clerk head of personnel	0
Ing. Andreas Wolf	1975-03-23	A-2333 Leopoldsdorf bei Wien Grabengasse 41 A	joint signing clerk	0
Claudia Adelsberger		A-1110 Wien Leberstraße 108-110(c/o)	head of accounting	0
Rupert Dettenhofer		A-1110 Wien Leberstraße 108-110(c/o)	head of purchasing	0
Ing. Peter Friedrich		A-1110 Wien Leberstraße 108-110(c/o)	head of sales	0
Ing. Michael Küpper		A-1110 Wien Leberstraße 108-110(c/o)	head of marketing	0
Christoph Flandorfer		A-1110 Wien Leberstraße 108-110(c/o)	head of EDP	0
Peter Friedrich		A-1110 Wien Leberstraße 108-110(c/o)	technical director	0

Related companies

Company name	Address	Shareholdings in %	Since	Commercial register no.
Shares in this company are held by:
Ing. Walter Sumetzberger	A-1030 Wien Kölblgasse 9	95 %	1994-10-21
Elsa Sumetzberger	A-1030 Wien Kölblgasse 9	5 %	1994-10-21
Affiliated companies and further participations:
Saniwatt Heizungsanlagen und Sanitäreinrichtungs- Gesellschaft m.b.H.	A-1110 Wien Werkstättenweg 87			FN 85746 y

Balance Sheet (absolute) all amounts in EUR

	2014-02-28
Land and leasehold rights with buildings thereon including building on land owned by third parties	1.970.100,33
Other operating and business equipment	2.012.877,36
Technical plants and machines	113.706,62
Sum tangible assets	4.096.684,31
Other financial assets, values and securities of fixed assets	61.245,30
Sum financial assets	61.245,30
Sum fixed assets	4.157.929,61
Raw-, auxiliary materials and supplies	3.665.703,89
Outstanding service claims	2.604.697,61
Sum stock	6.270.401,50
Claims from delivered goods and performed services	8.497.859,81
Other claims and assets	331.075,21
Sum claims	8.828.935,02
Cash on hand, cheques and bank deposits	32.033,27
Sum cash and bank	32.033,27
Sum current assets	15.131.369,79
Deferred charges	79.827,18
Sum deferred charges	79.827,18
Assets	19.369.126,58
Subscribed/declared capital	72.672,83
Not committed capital reserves	377.807,55
Free reserves	565.860,90
Balance sheet profit/balance sheet loss	1.615.212,61
Thereof profit/loss carried forward	1.272.716,41
Sum equity capital	2.631.553,89
Reserves for severance pays	2.168.097,19
Tax reserves	239.679,00
Other reserves	808.114,07
Sum reserves	3.215.890,26
Liabilities against credit institutes	6.752.094,21
Liabilities from delivered goods and performed services	4.920.567,11
Other liabilities	1.484.467,01
Sum liabilities	13.157.128,33
Deferred income	364.554,10
Sum deferred income	364.554,10
Liabilities	19.369.126,58
Contingent liabilities	6.691.729,95
Balance sheet sum	19.369.126,58

P / L Account (absolute) all amounts in EUR

	2014-02-28
Gross sales	41.362.351,73
Sales reductions	-283.177,48
Increase or decrease in finished and unfinished goods and in service claims	-384.374,72
Other manufacturing costs capitalized	424.514,13
Total turnover or gross profit	41.119.313,66
Other operating profits	306.854,90
Other operating profits totally	306.854,90
Discount profit from material costs	180.681,56
Costs for obtained services	-5.245.015,19
Material costs	-15.813.467,93
Material costs and expenses for obtained services	275.923,43
Costs for obtained services totally	-20.601.878,13
Wages	-6.910.693,88
Salaries	-5.215.463,61
Costs for severance pays	-328.128,00
Legal fringe benefits and other payments depending on salaries	-3.226.494,24
Other social fringe benefits	-15.210,47
Personnel expenses	-66,15
Personnel expenses totally	-15.696.056,35
Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation	-797.602,52
Depreciation tangible assets / intangible assets totally	-797.602,52
Other operating costs	-3.733.801,52
Other taxes	-5.864,29
Total costs	-3.739.665,81
Operating result totally	590.965,75
Interest income, securties income and similar income	150.937,85
Interest and similar disbursements	-255.428,40
Financial profits totally	-104.490,55
Results from usual business activity totally	486.475,20
Taxes on income and profits	-143.979,00
Taxes on income and profits totally	-143.979,00
Annual surplus/annual deficit totally	342.496,20
Annual profit/annual loss totally	342.496,20
Profit and loss carried forward from previous year	1.272.716,41
Transfer of profits totally	1.272.716,41
B/S profit/ B/S loss from profit and loss account	1.615.212,61

Key ratios

	2014
Cashflow II	1.140.098,72
Debt amortisation period in years	14,33
Bank indebtedness	34,86
Equity capital share in %	13,58
Social capital share	11,19
Fixed assets coverage	115,43
Net profit ratio	1,18
Capital turnover	2,12
Return on investment in %	3,83
Cashflow in % of operating performance	2,77
Cashflow I	1.284.077,72
Gross productivity	2,61
Net productivity	1,30
Operating performance	41.119.313,66
Inventories in % of operating performance	15,24
Gross profit	20.517.435,53

Land Register

Last check

2014-07-21

Entry number	Cadastral community	Journal number
1322	Simmering W 01107	4642/2011

Section A – type of property:

GST-NR G BA (NUTZUNG) FLäCHE GST-ADRESSE
431/1 G GST-Fläche * 1176
Baufl.(Gebäude) 1036
Sonstige 140
(Werksgelände) Leberstraße 110
Werkstättenweg 87
431/3 Sonstige * 4
(Straßenanlage)
431/5 G Baufl.(begrünt) * 33
.499/7 GST-Fläche * 687
Baufl.(Gebäude) 544
Sonstige 143
(Werksgelände) Werkstättenweg 89
GESAMTFLäCHE 1900

Section B – ownership structure:

2 ANTEIL: 1/1
Ing. Sumetzberger GmbH
ADR: Leberstr. 108 1110
d 10218/1995 Urkunde 1994-08-01, Urkunde 1994-09-19 Eigentumsrecht
e 7142/2007 Berichtigung von Fehlern gem § 104 GBG

Section C – encumbrances:

4 a 1754/1982 Pfandurkunde 1982-04-21
PFANDRECHT Höchstbetrag 3,900.000,--
für DIE ERSTE österreichische Spar-Casse
b 1754/1982 HAUPTEINLAGE, Simultanhaftung mit NE EZ 3043
c 269/1983 Löschungsverpflichtung zugunsten DIE ERSTE
österreichischeSpar-Casse
d 1766/1986 Löschungsverpflichtung zugunsten
Landes-Hypothekenbank Niederösterreich
e 7028/1989 Löschungsverpflichtung zugunsten DIE ERSTE
österreichische Spar-Casse-Bank
f 12015/1993 Löschungsverpflichtung zugunsten DIE ERSTE
österreichische Spar-Casse-Bank Aktiengesellschaft
g 4642/2011 Kautionsband
5 a 269/1983 Pfandurkunde 1982-12-27
PFANDRECHT Höchstbetrag 2,600.000,--
DIE ERSTE österreichische Spar-Casse
b 269/1983 HAUPTEINLAGE, Simultanhaftung mit NE EZ 3043
c 7028/1989 Löschungsverpflichtung zugunsten DIE ERSTE
österreichische Spar-Casse-Bank
d 12015/1993 Löschungsverpflichtung zugunsten DIE ERSTE
österreichische Spar-Casse-Bank Aktiengesellschaft
e 4642/2011 Kautionsband
7 a 7028/1989 Pfandurkunde 1989-10-24
PFANDRECHT Höchstbetrag 3,250.000,--
für DIE ERSTE österreichische Spar-Casse-Bank
b 7028/1989 HAUPTEINLAGE, Simultanhaftung mit NE EZ 3043
c 12015/1993 Löschungsverpflichtung zugunsten DIE ERSTE
österreichische Spar-Casse-Bank Aktiengesellschaft
d 4642/2011 Kautionsband
8 a 843/1902 3499/1937 1079/2010 RECHT der
Entschädigungs-Verzichtleistung gem Abs 1 Erklärung
1902-09-30 auf Gst .499/7 als Dienstbarkeit zugunsten Gst
1874/1 1874/12 der Eisenbahneinlage für die priv österr ung
Staatseisenbahngesellschaft
b 3222/1992 übertragung der vorangehenden Eintragung(en) aus EZ
2961
9 a 12015/1993 Pfandurkunde 1993-12-17
PFANDRECHT Höchstbetrag 6.500.000,--
für DIE ERSTE österreichische Spar-Casse-Bank
Aktiengesellschaft
b 12015/1993 NEBENEINLAGE (änderungen des Pfandrechts werden
nur in der HE eingetragen), Simultanhaftung mit HE EZ 3006
10 a 2630/1999 Pfandurkunde 1995-01-31
PFANDRECHT Höchstbetrag 8.250.000,--
für Erste Bank der oesterreichischen Sparkassen AG
b 2630/1999 HAUPTEINLAGE, Simultanhaftung mit NE EZ 3043
11 a 6957/1999 Pfandurkunde 1999-07-19
PFANDRECHT Höchstbetrag 10.000.000,--
für Erste Bank der oesterreichischen Sparkassen AG
b 6957/1999 HAUPTEINLAGE, Simultanhaftung mit NE EZZ 3043 3006
13 a 8836/1999 Pfandurkunde 1997-09-12
PFANDRECHT Höchstbetrag 10.000.000,--
für EB und HYPO - Bank Burgenland Aktiengesellschaft
b 8836/1999 HAUPTEINLAGE, Simultanhaftung mit NE EZZ 3043 379
3006
14 a 8042/2007 Pfandurkunde 2007-06-29
PFANDRECHT Höchstbetrag EUR 1.000.000,--
für Erste Bank der oesterreichischen Sparkassen AG
b 8042/2007 NEBENEINLAGE (änderungen des Pfandrechts werden nur
in der HE eingetragen), Simultanhaftung mit HE EZ 2120
Eintragungen ohne Währungsbezeichnung sind Beträge in ATS

Commercial register

firm (style)	1 Ing. Sumetzberger GMBH.
legal form	1 Gesellschaft mit beschränkter Haftung
registered office	1 politischer Gemeinde Wien
business adress	1 Leberstraße 108 1110 Wien
capital	6 EUR 72.672,83
reference date annual accounts	10 letzter Tag im Februar
annual accounts	24 zum 28.02.2014 eingereicht am 12.11.2014
power of representation	10 Die Vertretungsbefugnis der Geschäftsführer wird mit Beschluss der Gesellschafter geregelt. 1 Gesellschaftsvertrag vom 01.08.1994 001 mit einem Nachtrag vom 19.09.1994 6 Gesellschaftsvertrag mit Generalversammlungsbeschluss 002 vom 18.12.2002 gemäß 1. Euro-JuBeG angepasst. Änderung des Gesellschaftsvertrages in den §§ 4 und 5.
proxy
B Elsa Sumetzberger, geb. 27.09.1937 1 vertritt seit 21.10.1994 selbständig E Ing. Thomas Puhr, geb. 31.01.1976 21 vertritt seit 22.11.2012 gemeinsam mit einem Geschäftsführer oder einem weiteren Prokuristen F Ing. Andreas Wolf, geb. 23.03.1975 21 vertritt seit 22.11.2012 gemeinsam mit einem Geschäftsführer oder einem weiteren Prokuristen
managing director
A Ing. Walter Sumetzberger, geb. 02.09.1933 19 vertritt seit 21.02.2012 selbständig
shareholder
A Ing. Walter Sumetzberger, geb. 02.09.1933 6 .................. EUR 69.039,19 6 ............................................. EUR 69.039,19 B Elsa Sumetzberger, geb. 27.09.1937 6 ................... EUR 3.633,64 6 .............................................. EUR 3.633,64 ------------------------------------------------------ Summen: EUR 72.672,83 EUR 72.672,83
general table
Handelsgericht Wien 1 eingetragen am 21.10.1994 Geschäftsfall 703 Fr 9975/94 p Antrag auf Neueintragung einer Firma eingelangt am 20.09.1994 2 eingetragen am 24.12.1998 Geschäftsfall 71 Fr 15293/98 y Antrag auf Änderung eingelangt am 18.12.1998 6 eingetragen am 03.01.2003 Geschäftsfall 73 Fr 15499/02 v Antrag auf Änderung eingelangt am 23.12.2002 10 eingetragen am 08.06.2005 Geschäftsfall 73 Fr 6999/05 w Einreichung Jahresabschluss eingelangt am 03.06.2005 19 eingetragen am 23.02.2012 Geschäftsfall 71 Fr 1622/12 i Antrag auf Änderung eingelangt am 21.02.2012 21 eingetragen am 28.11.2012 Geschäftsfall 71 Fr 20597/12 p Antrag auf Änderung eingelangt am 26.11.2012 24 eingetragen am 02.12.2014 Elektronische Einreichung Jahresabschluss eingelangt am 12.11.2014

Historical development

Year of incorporation	1921
Date of registration	1994-10-21

Change in share capital

from	to	asset
2003-01-03		EUR	72.672,83
	2003-01-03	ATS	1.000.000,00

Former executives

from	to	position	name
	1998-12-24	manager	Ing. Walter Sumetzberger
1998-12-24	1999-08-03	manager	Ing. Gerhard Sumetzberger
1999-08-03	2012-02-23	individual signing clerk	Ing. Gerhard Sumetzberger
1998-12-24	2012-02-23	individual signing clerk	Ing. Walter Sumetzberger
	1998-12-24	individual signing clerk	Ing. Wolfgang Sumetzberger
1998-12-24	2012-05-19	manager	Ing. Wolfgang Sumetzberger

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.51
UK Pound	1	Rs.100.94
Euro	1	Rs.72.32

INFORMATION DETAILS

Analysis Done by :	RAS
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.