|
Report No. : |
321751 |
|
Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BATTENFELD-CINCINNATI AUSTRIA GMBH |
|
|
|
|
Registered Office : |
Laxenburgerstraße 246 A-1230 Wien |
|
|
|
|
Country : |
Austria |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
1964 |
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|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Plastics and Rubber Machinery. |
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|
|
|
No. of Employee : |
200 (approx.) |
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 : |
Satisfactory |
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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 – 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 |
|
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 |
BATTENFELD-CINCINNATI
AUSTRIA GMBH
Laxenburgerstraße 246
A-1230 Wien
|
(0043) 1 61006 |
|
|
Fax: |
(0043) 1 61006 -
8 |
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E-mail: |
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Internet: |
ÖNACE 28960 100% Manufacture of plastics and rubber machinery
Financial details can also be entered during the period, irrespective of
the balance sheet date.
|
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 investments |
2013 |
EUR |
394.155,00 |
(exact) |
|
total company vehicles |
2015 |
|
15 |
(approx.) |
|
leasing vehicles |
2015 |
|
7 |
(approx.) |
|
cars |
2015 |
|
15 |
(approx.) |
|
total employees |
2015 |
|
200 |
(approx.) |
|
Company name |
battenfeld-cincinnati Austria GmbH |
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Year of incorporation |
1964 |
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Type of company |
Manufacturing |
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Legal form |
limited liability company since 2005-05-11 |
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Companies House number |
FN 262860 i Wien since
2005-06-04 |
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Import |
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Export |
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VAT number |
ATU 61750625 |
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number - Austrian National Bank |
6941605 |
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Last balance sheet: |
2013 |
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|
Banking connection |
|
|
operational |
A-1230 Wien, Laxenburgerstraße 246 |
registered office |
|
operational |
A-1230 Wien, Laxenburgerstraße 246 |
registered headquarters, rented premises |
|
|
0043 1 61006 |
reception@battenfeld-cincinnati.com |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Michael von-Cappeln |
1953-03-06 |
D-47802 Krefeld Gatzenstraße 105 |
manager |
1 |
|
Mag. Andreas Hadrbolec |
1970-09-16 |
A-3550 Langenlois Hofstattweg 2 |
joint signing clerk |
1 |
|
Peter Hammer |
1966-01-24 |
A-2551 Enzesfeld Lindabrunn Föhrengasse 20 |
joint signing clerk |
1 |
|
Jeremy Styles |
1956-06-06 |
A-1010 Wien Bauernmarkt 6 (c/o) |
head of accounting |
0 |
|
Ing. Ludwig Dorsch |
|
A-1230 Wien Laxenburgerstraße 246(c/o) |
head of purchasing |
0 |
|
Judith Lebic |
|
A-1230 Wien Laxenburgerstraße 246(c/o) |
head of marketing |
0 |
|
Christian Metry |
|
A-1230 Wien Laxenburgerstraße 246(c/o) |
head of EDP |
0 |
|
Dipl-Ing. Ludwig Hackl |
|
A-1230 Wien Laxenburgerstraße 246(c/o) |
technical director |
0 |
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
|
Shares in this company are held by: |
||||
|
CET Beteiligungs GmbH |
A-1230 Wien Laxenburgerstraße 246 |
88,16 % |
2007-05-30 |
FN 289807 m |
|
|
|
|
|
|
|
BC Extrusion Holding GmbH |
D-32547 Bad Oeynhausen Königstraße 53 |
11,84 % |
2012-11-21 |
|
|
|
|
|
|
|
BALANCE SHEET (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 |
|
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 |
|
|
|
P / L ACCOUNT (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 |
|
|
|
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Results from usual business activity totally |
116.426,00 |
|
|
|
|
Taxes on income and profits |
-71.822,64 |
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Taxes on income and profits totally |
-71.822,64 |
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|
|
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Annual surplus/annual deficit totally |
44.603,36 |
|
|
|
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Dissolution reserves before taxes |
99.261,00 |
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Reserves movements totally |
99.261,00 |
|
|
|
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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 |
|
|
|
KEY RATIOS
|
|
2013 |
|
Cashflow II |
44.603,36 |
|
Debt amortisation period in years |
433,29 |
|
Bank indebtedness |
13,62 |
|
Equity capital share in % |
13,63 |
|
Social capital share |
13,60 |
|
Fixed assets coverage |
133,80 |
|
Net profit ratio |
0,23 |
|
Capital turnover |
1,74 |
|
Return on investment in % |
0,83 |
|
Cashflow in % of operating performance |
0,09 |
|
Cashflow 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 |
Note
No real estate property registered
|
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 |
|
|
|
|
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MANAGING
DIRECTOR |
|
|
T Michael
von Cappeln, geb. 06.03.1953 |
|
|
|
|
|
SHAREHOLDER |
|
|
I
CET Beteiligungs GmbH |
|
|
|
|
|
GENERAL
TABLE |
|
|
Handelsgericht Wien |
|
|
Year of incorporation |
1964 |
|
Date of registration |
2005-06-04 |
|
from |
to |
company name |
|
|
2005-09-27 |
Cincinnati Extrusions- Maschinen Produktions GmbH |
|
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 |
|
from |
to |
asset |
|
|
|
2012-11-21 |
EUR |
35.000,00 |
|
2012-11-21 |
|
EUR |
39.700,00 |
|
from |
to |
position |
name |
|
2005-06-04 |
2014-05-13 |
manager |
Dipl-Ing. Walter Häder |
|
2006-08-26 |
2007-03-06 |
chairman of the supervisory board |
Heinz Wirke |
|
|
2013-04-24 |
deputy chairman of the supervisory board |
Michael von Cappeln |
|
2070-30 |
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 |
|
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 |
|
2006-08-26 |
2007-05-30 |
member of the supervisory board |
Christian Dorf |
|
2010-02-27 |
2013-04-24 |
chairman of the supervisory board |
Manfred Jürgen Arnold |
|
2006-08-26 |
2013-04-24 |
member of the supervisory board |
Paul Hodosi |
|
2008-11-11 |
2013-02-07 |
deputy chairman of the supervisory board |
Dr. Stephan Pühl |
|
2006-08-26 |
2013-04-24 |
member of the supervisory board |
Walter Engstler |
|
2008-11-11 |
2013-04-24 |
member of the supervisory board |
Dirk Eikmeyer |
|
2007-05-30 |
2008-11-11 |
member of the supervisory board |
Herbert Doleisch |
|
from |
to |
position |
name |
|
2005-06-04 |
2007-05-30 |
partner |
SMS Beteiligungs-GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
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.