|
Report No. : |
322463 |
|
Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
LENZING
FIBERS GMBH |
|
|
|
|
Registered Office : |
A-7561 Heiligenkreuz Lafnitztal, Industriegelände 1 |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
16.12.1994 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is Manufacture of man-made fibres |
|
|
|
|
No. of Employee : |
220 (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 – 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 |
|
LENZING FIBERS GMBH Industriegelände
1 A-7561
Heiligenkreuz Lafnitztal
|
ÖNACE
20600 100% Manufacture of man-made fibres
Financial
details can also be entered during the period, irrespective of the balance
sheet date.
|
total
turnover (total sales) |
2014 |
EUR |
110.000.000,00 |
(estimated) |
|
total
turnover (total sales) |
2013 |
EUR |
117.637.260,51 |
(exact) |
|
total
turnover (total sales) |
2012 |
EUR |
145.440.706,98 |
(exact) |
|
total
turnover (total sales) |
2011 |
EUR |
139.279.456,45 |
(exact) |
|
total
turnover (total sales) |
2010 |
EUR |
89.054.626,10 |
(exact) |
|
total
investments |
2013 |
EUR |
1.466.243,08 |
(exact) |
|
total
company vehicles |
2015 |
|
2 |
(approx.) |
|
cars |
2015 |
|
2 |
(approx.) |
|
total
employees |
2015 |
|
220 |
(approx.) |
|
white
collar workers |
2015 |
|
65 |
(approx.) |
|
blue
collar workers |
2015 |
|
150 |
(approx.) |
|
apprentices |
2015 |
|
5 |
(approx.) |
|
Company
name |
LENZING
FIBERS GMBH |
||||||
|
Year
of incorporation |
1994 |
||||||
|
Type
of company |
Manufacturing |
||||||
|
Legal
form |
limited
liability company since 1994-12-14 |
||||||
|
Trade
names |
TENCEL |
||||||
|
Companies
House number |
FN
129218 b Eisenstadt since 1994-12-16 |
||||||
|
Export |
|
||||||
|
VAT
number |
ATU
37904808 |
||||||
|
number
- Austrian National Bank |
2410419 |
||||||
|
Last
balance sheet: |
2013 |
||||||
|
Banking
connection |
|
|
operational |
A-7561
Heiligenkreuz Lafnitztal, Industriegelände 1 |
registered
office |
|
operational |
A-7561
Heiligenkreuz Lafnitztal, Industriegelände 1 |
registered
headquarters, owned property |
|
|
0043
3325 4100100 |
fibers@lenzing.com lfgoffice@lenzing.com |
|
Surname |
Date
of birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Dipl-Ing.Dr.
Bernd Andreas Zauner |
1968-01-28 |
A-8382
Maria Bild Maria
Bild 165 |
manager |
1 |
|
Dipl-Ing.Dr.
Dieter Eichinger |
1958-06-11 |
A-8280
Fürstenfeld Übersbach
208 |
individual
signing clerk |
1 |
|
Company
name |
Address |
Shareholdings
in % |
Since |
Commercial
register no. |
|
Shares
in this company are held by: |
||||
|
Lenzing
Fibers Holding GmbH |
A-4860
Lenzing Werkstraße
2 |
99,98
% |
2006-01-31 |
FN
243282 v |
|
|
|
|
|
|
|
Lenzing
Aktiengesellschaft |
A-4860
Lenzing Werkstraße
2 |
0,02
% |
1996-09-24 |
FN
96499 k |
|
|
|
|
|
|
|
This
company holds 100% of the shares in: |
||||
|
Lenzing
Holding GmbH |
A-4860
Lenzing Werkstraße
2 |
100
% |
2003-12-30 |
FN
243281 t |
|
|
|
|
|
|
|
Affiliated
companies and further participations: |
||||
|
Gemeinnützige
Siedlungsgesellschaft m.b.H. für den Bezirk Vöcklabruck |
A-4860
Lenzing Atterseestraße
21 |
|
|
FN
94451 z |
|
|
|
|
|
|
|
Pulp
Trading GmbH |
A-4860
Lenzing Werkstraße |
|
|
FN
107873 m |
|
|
|
|
|
|
|
Energie-
und Medienzentrale Heiligenkreuz GmbH |
A-1090
Wien Berggasse
7 |
|
|
FN
52748 x |
|
|
|
|
|
|
|
Asia
Fiber Engineering GmbH |
A-1090
Wien Kolingasse
1/1/5 |
|
|
FN
140829 b |
|
|
|
|
|
|
|
|
2013-12-31 |
|
Franchises,
patents, licences, trademarks and similar rights and advantages |
1.068.952,52 |
|
Sum
intangible assets |
1.068.952,52 |
|
Land
and leasehold rights with buildings thereon including building on land owned
by third parties |
24.660.513,39 |
|
Other
operating and business equipment |
852.007,48 |
|
Technical
plants and machines |
59.760.158,76 |
|
Advanced
payments and constructions in progress |
1.499.642,84 |
|
Sum
tangible assets |
86.772.322,47 |
|
Shares
on related firms |
35.252.938,61 |
|
Other
loans |
1.681,66 |
|
Sum
financial assets |
35.254.620,27 |
|
Sum
fixed assets |
123.095.895,26 |
|
Raw-,
auxiliary materials and supplies |
11.545.264,83 |
|
Finished
products |
5.652.707,00 |
|
Sum
stock |
17.197.971,83 |
|
Claims
from delivered goods and performed services |
11.857.123,10 |
|
Claims
against related firmes Claims against companies with shareholding
relationship |
10.705.552,15 |
|
Other
claims and assets |
5.260.012,46 |
|
Sum
claims |
27.822.687,71 |
|
Cash
on hand, cheques and bank deposits |
9.257.277,58 |
|
Sum
cash and bank |
9.257.277,58 |
|
Sum
current assets |
54.277.937,12 |
|
Deferred
charges |
2.846,25 |
|
Sum
deferred charges |
2.846,25 |
|
Assets |
177.376.678,63 |
|
|
|
|
Subscribed/declared
capital |
363.364,17 |
|
Not
committed capital reserves |
63.960.691,86 |
|
Legal
reserves |
72.672,84 |
|
Balance
sheet profit/balance sheet loss |
33.844.237,84 |
|
Thereof
profit/loss carried forward |
23.224.349,98 |
|
Sum
equity capital |
98.240.966,71 |
|
Other
reserves before taxes |
7.647.593,28 |
|
Sum
reserves before taxes |
7.647.593,28 |
|
Investment
contributions |
19.557.379,60 |
|
Sum
floor capital |
19.557.379,60 |
|
Reserves
for severance pays |
1.941.988,00 |
|
Tax
reserves |
118.818,31 |
|
Other
reserves |
5.251.073,03 |
|
Sum
reserves |
7.311.879,34 |
|
Liabilities
against credit institutes |
4.000.000,00 |
|
Limited
partnership |
21.801.850,25 |
|
Received
advanced payments for orders |
2.317,11 |
|
Liabilities
from delivered goods and performed services |
2.886.850,58 |
|
Liabilities
against related firms |
7.691.206,03 |
|
Other
liabilities |
736.635,73 |
|
Other
loans |
7.500.000,00 |
|
Sum
liabilities |
44.618.859,70 |
|
|
|
|
Liabilities |
177.376.678,63 |
|
Balance
sheet sum |
177.376.678,63 |
|
|
|
|
|
2013-12-31 |
|
Gross
sales |
117.637.260,51 |
|
Increase
or decrease in finished and unfinished goods and in service claims |
179.897,81 |
|
Other
manufacturing costs capitalized |
32.174,31 |
|
Total
turnover or gross profit |
117.849.332,63 |
|
|
|
|
Income
from dissolution of reserves |
1.855.164,44 |
|
Other
operating profits |
5.485.745,59 |
|
Other
operating profits totally |
7.340.910,03 |
|
|
|
|
Costs
for obtained services |
-16.209.766,18 |
|
Material
costs |
-49.317.595,21 |
|
Costs
for obtained services totally |
-65.527.361,39 |
|
|
|
|
Wages |
-5.931.381,46 |
|
Salaries |
-4.226.718,60 |
|
Costs
for severance pays |
-802.985,71 |
|
Costs
for old age pension |
-37.027,17 |
|
Legal
fringe benefits and other payments depending on salaries |
-2.871.276,41 |
|
Other
social fringe benefits |
-30.959,58 |
|
Personnel
expenses totally |
-13.900.348,93 |
|
|
|
|
Depreciation
of intangible assets, tangible assets,activated expenses for the set up and
expansion of business operation |
-7.331.177,73 |
|
Depreciation
tangible assets / intangible assets totally |
-7.331.177,73 |
|
|
|
|
Other
operating costs |
-23.751.817,74 |
|
Other
taxes |
-28.515,52 |
|
Total
costs |
-23.780.333,26 |
|
|
|
|
Operating
result totally |
14.651.021,35 |
|
|
|
|
Interest
income, securties income and similar income |
20.809,17 |
|
Interest
and similar disbursements |
-473.379,28 |
|
Financial
expenses |
-18,34 |
|
Financial
profits totally |
-452.588,45 |
|
|
|
|
Results
from usual business activity totally |
14.198.432,90 |
|
|
|
|
Taxes
on income and profits |
-3.586.744,76 |
|
Taxes
on income and profits totally |
-3.586.744,76 |
|
|
|
|
Annual
surplus/annual deficit totally |
10.611.688,14 |
|
|
|
|
Dissolution
reserves before taxes |
8.199,72 |
|
Reserves
movements totally |
8.199,72 |
|
|
|
|
Annual
profit/annual loss totally |
10.619.887,86 |
|
|
|
|
Profit
and loss carried forward from previous year |
23.224.349,98 |
|
Transfer
of profits totally |
23.224.349,98 |
|
|
|
|
B/S
profit/ B/S loss from profit and loss account |
33.844.237,84 |
|
|
|
|
|
2013 |
|
Cashflow
II |
17.942.865,87 |
|
Debt
amortisation period in years |
2,37 |
|
Bank
indebtedness |
6,48 |
|
Equity
capital share in % |
70,72 |
|
Social
capital share |
1,09 |
|
Fixed
assets coverage |
103,48 |
|
Net
profit ratio |
12,04 |
|
Capital
turnover |
0,66 |
|
Return
on investment in % |
8,27 |
|
Cashflow
in % of operating performance |
15,22 |
|
Cashflow
I |
21.529.610,63 |
|
Gross
productivity |
8,47 |
|
Net
productivity |
3,76 |
|
Operating
performance |
117.849.332,63 |
|
Inventories
in % of operating performance |
14,59 |
|
Gross
profit |
52.321.971,24 |
|
Last
check |
2014-12-22 |
|
Entry
number |
Cadastral
community |
Journal
number |
|
958 |
Heiligenkreuz
im Lafnitztal B 31109 |
2474/2010 |
|
Section
A – type of property: |
|
GST-NR G BA (NUTZUNG) FLäCHE GST-ADRESSE |
|
Section
B – ownership structure: |
|
3
ANTEIL: 1/1 |
|
Section
C – encumbrances: |
|
2 a 2439/1997 |
|
firm
(style) |
19 Lenzing Fibers GmbH |
|
legal
form |
1 Gesellschaft mit beschränkter Haftung |
|
registered
office |
1 politischer Gemeinde Heiligenkreuz im
Lafnitztal |
|
business
adress |
3 Industriegelände 1 |
|
capital |
4 ATS 5.000.000 |
|
reference
date annual accounts |
1 31. Dezember |
|
annual
accounts |
34 zum 31.12.2013 eingereicht am
09.07.2014 |
|
power
of representation |
1 Die Generalversammlung bestimmt, wenn
mehrere Geschäfts- |
|
|
|
|
proxy |
|
|
E Dipl.Ing. Dr. Dieter Eichinger, geb.
11.06.1958 |
|
|
|
|
|
managing
director |
|
|
J DI Dr. Bernd Andreas Zauner, geb.
28.01.1968 |
|
|
|
|
|
shareholder |
|
|
B Lenzing Aktiengesellschaft |
|
|
|
|
|
general
table |
|
|
Landesgericht
Eisenstadt |
|
|
Year
of incorporation |
1994 |
|
Date
of registration |
1994-12-16 |
|
from |
to |
company
name |
|
|
2005-04-29 |
Lenzing
Lyocell GmbH |
|
2005-04-29 |
|
Lenzing
Fibers GmbH |
|
from |
to |
position |
name |
|
|
2000-10-14 |
manager |
Dipl-Ing.Dr.
Ingo Marini |
|
1999-01-29 |
2004-03-11 |
manager |
Dr.
Franz Raninger |
|
|
2004-12-28 |
manager |
Dkfm.
Rudolf Hauptmann |
|
2004-12-28 |
2009-01-03 |
manager |
Dipl-Ing.Dr.
Wolfram Kalt |
|
2001-01-20 |
2004-12-28 |
joint
signing clerk |
Dipl-Ing.Dr.
Wolfram Kalt |
|
|
2009-11-04 |
joint
signing clerk |
Dipl-Ing.Dr.
Dieter Eichinger |
|
2007-12-22 |
2009-11-04 |
individual
signing clerk |
Dipl-Ing.
Friedrich Weninger |
|
from |
to |
company
name |
|
2003-12-30 |
2005-09-08 |
Lenzing
Fibers Holding GmbH |
|
1994-12-17 |
2003-09-18 |
Lenzing
Lyocell GmbH & Co KG |
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
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.