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Report No. : |
323275 |
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Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
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Name : |
WATERS GESELLSCHAFT M.B.H |
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Registered Office : |
Hietzinger
HauptstraGe 145, A-1130 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
05.08.1994 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
·
Engaged in Designing, Manufacturing, Selling
and Services Ultra-Performance Liquid Chromatography (UPLC), High Performance
Liquid Chromatography (HPLC), Chromatography Columns and Chemistry Products,
Mass Spectrometry (MS) Systems, Thermal Analysis and Rheometry Instruments. ·
Subject operates Waters Division and TA Instruments Division Subject product
ranges includes: · Ionkey / MS · ACQUITY UPLC M-Class System · ACQUITY QDA Detector · ACQUITY UPC2 (Convergence Chromatographie) |
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No of Employees : |
Approximately 35 (2014) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 sound industrial sector, and a
small, but highly developed agricultural sector. Following several years of
solid foreign demand for Austrian exports and record employment growth, the
international financial crisis of 2008 and subsequent global economic downturn
led to a sharp but brief recession. Austrian GDP contracted 3.8% in 2009 but
saw positive growth of about 2% in 2010 and 2.7% in 2011. Growth fell to 0.6%
in 2012. Unemployment did not rise as steeply in Austria as elsewhere in
Europe, partly because the government subsidized reduced working hour schemes
to allow companies to retain employees. The 2012 unemployment rate of 4.3% was
the lowest within the EU. Stabilization measures, stimulus spending, and an
income tax reform pushed the budget deficit to 4.5% in 2010 and 2.6% in 2011,
from only about 0.9% in 2008. The international financial crisis of 2008 caused
difficulties for Austria's largest banks whose extensive operations in central,
eastern, and southeastern Europe faced large losses. The government provided
bank support - including in some instances, nationalization - to support
aggregate demand and stabilize the banking system. Austria's fiscal position
compares favorably with other euro-zone countries, but it faces external risks,
such as Austrian banks' continued exposure to Central and Eastern Europe as
well as political and economic uncertainties caused by the European sovereign
debt crisis. In 2011 the government attempted to pass a constitutional
amendment limiting public debt to 60% of GDP by 2020, but it was unable to
obtain sufficient support in parliament and instead passed the measure as a
simple law. In March 2012, the Austrian parliament approved an austerity
package consisting of a mix of expenditure cuts and new revenues that will
bring public finances into balance by 2016. In 2012, the budget deficit rose to
3.1% of GDP.
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Source : CIA |
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Company name: |
Waters Gesellschaft m.b.H. |
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Status: |
active company |
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Locations: |
Hietzinger
HauptstraGe 145, A-1130 Wien |
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Phone: |
0043 (1) 8771807 |
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Fax: |
0043 (1) 8771808 |
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E-mail: |
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Internet: |
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Activities: |
Onace 46690 100%
Wholesale of other machinery and equipment |
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Additional
company information
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Year of incorporation: |
1994 |
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Activities: |
- |
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Type of company: |
Wholesale and
retail trade; repair of motor vehicles |
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Legal form: |
limited liability
company since 1994-07-18 |
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companies' house number: |
FN 110394 w Wien
1994-08-05 |
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ARA-number: |
7657 |
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VAT number: |
ATU 15050405 |
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number - Austrian National |
2305186 |
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Bank: |
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Import |
Country |
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Import |
Ireland |
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2014 |
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Import |
Netherlands |
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2014 |
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Import |
Great Britain and Northern Ireland / United Kingdom |
|
2014 |
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Import |
USA |
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2014 |
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Export |
Country |
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Export |
India |
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2014 |
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Export |
Eastern Europe |
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2014 |
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Export |
Middle East |
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2014 |
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·
Engaged in Designing, Manufacturing, Selling and
Services Ultra-Performance Liquid Chromatography (UPLC), High Performance
Liquid Chromatography (HPLC), Chromatography Columns and Chemistry Products, Mass
Spectrometry (MS) Systems, Thermal Analysis and Rheometry Instruments.
·
Subject operates Waters Division and TA Instruments Divisions
Subject product
ranges includes:
· Ionkey / MS
· ACQUITY UPLC M-Class System
· ACQUITY QDA Detector
·
ACQUITY UPC2 (Convergence Chromatographie)
|
total turnover
(total sales) |
2014 |
EUR 100.000.000,00 |
(expected) |
|
total turnover
(total sales) |
2013 |
EUR 89.988.059,68 |
(exact) |
|
total turnover
(total sales) |
2012 |
EUR 93.320.034,43 |
(exact) |
|
total turnover
(total sales) |
2011 |
EUR 102.976.197,55 |
(exact) |
|
total turnover
(total sales) |
2010 |
EUR 91.405.516,45 |
(exact) |
|
total employees |
2014 |
35 |
(approx.) |
|
white collar
workers |
2014 |
35 |
(approx.) |
|
total stock |
2014 |
EUR 200.000,00 |
(average) |
|
total investments |
2012 |
EUR 27.022,62 |
(exact) |
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firm (style): |
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1 |
Waters
Gesellschaft m.b.H. |
||
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legal form: |
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1 |
Gesellschaft mit beschrankter
Haftung |
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registered office: |
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1 |
politischer
Gemeinde Wien |
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business adress: |
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1 |
Hietzinger HauptstraSe 145 1130 Wien |
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capital: |
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34 |
EUR 36.336,42 |
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reference date annual accounts: |
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1 |
31. Dezember |
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annual accounts: |
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35 |
zum 31.12.2013 eingereicht am 30.07.2014 |
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power of representation: |
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1 1 34 |
Die
Generalversammlung bestimmt, wenn
mehrere Geschafts-fuhrer bestellt sind,
deren Vertretungsbefugnis. Gesellschaftsvertrag vom 18.07.1994 Gesellschaftsvertrag mit
Generalversammlungsbeschluss vom 12.09.2013 gemaS 1. Euro-JuBeG angepasst. Anderung des Gesellschaftsvertrages
in den Punkten Drittens und Elftens |
001 002 |
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proxy: |
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20 |
I Eugene Burns, geb. 21.05.1963 vertritt seit 26.03.2004 selbstandig |
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managing director: |
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20 33 |
J Ing.
Herbert Ottner, geb. 17.10.1964
vertritt seit 26.03.2004 selbstandig M
Andre Ayache, geb. 06.08.1953 vertritt seit 22.11.2013 selbstandig |
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Shareholder:
|
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B |
Waters
Technologies |
Corporation |
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Milford |
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34 |
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|
EUR 36.336,42 |
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34 |
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... EUR 36.336,42 |
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Summen: |
EUR 36.336,42 |
EUR 36.336,42 |
General Table:
|
Handelsgericht Wien |
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1 |
eingetragen am
05.08.1994 |
|
Geschaftsfall |
703 |
Fr |
7999/94 |
h |
|
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Antrag auf
Neueintragung einer |
Firma eingelangt am 25.07.1994 |
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|
|||
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8 |
eingetragen am
06.09.1996 Antrag auf
Anderung eingelangt |
am |
Geschaftsfall 20.06.1996 |
74 |
Fr |
4585/96 |
f |
|
11 |
eingetragen am
22.10.1998 Antrag auf
Anderung eingelangt |
am |
Geschaftsfall 12.10.1998 |
74 |
Fr |
9839/98 |
z |
|
20 |
eingetragen am
07.05.2004 Antrag auf
Anderung eingelangt |
am |
Geschaftsfall 26.04.2004 |
75 |
Fr |
5502/04 |
z |
|
33 |
eingetragen am
17.12.2013 Antrag auf
Anderung eingelangt |
am |
Geschaftsfall 13.09.2013 |
73 |
Fr |
13012/13 |
h |
|
34 |
eingetragen am
19.12.2013 Antrag auf
Anderung eingelangt |
am |
Geschaftsfall 17.12.2013 |
73 |
Fr |
21062/13 |
x |
|
35 |
eingetragen am
01.08.2014 |
|
|
|
|
|
|
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Elektronische Einreichung Jahresabschluss eingelangt |
am 30.07.2014 |
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Real estate text:
No real estate
property registered
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as
registered in the companies' house) |
|
Andre Ayache |
1953-08-06 |
78000 Versailles
bis rue des Tassigny 2 |
manager |
0 |
|
Ing. Herbert
Ottner |
1964-10-17 |
2380 Perchtoldsdorf Franz Lehargasse 6 |
manager |
0 |
|
Eugene Burns |
1963-05-21 |
3021 PreGbaum
Piettegasse 26 |
individual signing
clerk, head of accounting, head of EDP, head ofpersonnel |
1 |
|
Andrea Hofmann |
|
1130 Wien Hietzinger
HauptstraGe 145(c/o) |
head of marketing |
0 |
(absolute) all amounts in EUR
|
|
2013-12-31 |
|
Land and leasehold rights with
buildings thereon including building on land owned by third parties |
53.684,40 |
|
Other operating and
business equipment |
5.319,77 |
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Sum tangible
assets |
59.004,17 |
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Shares on related
firms |
28.254,82 |
|
Sum financial
assets |
28.254,82 |
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Sum fixed assets |
87.258,99 |
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Finished products |
2.268.888,03 |
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Sum stock |
2.268.888,03 |
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Claims from delivered goods 19.010.761,97 and performed services |
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Claims against
related firmes Claims against companies with shareholding relationship |
700.431,47 |
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Other claims and
assets |
97.632,11 |
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Sum claims |
19.808.825,55 |
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Cash on hand,
cheques and bank deposits |
839.934,28 |
|
Sum cash and bank |
839.934,28 |
|
Deferred charges |
24.824,57 |
|
Sum deferred
charges |
24.824,57 |
|
Assets |
23.029.731,42 |
|
Subscribed/declared
capital |
36.336,42 |
|
Not committed capital
reserves |
499.553,06 |
|
Balance sheet
profit/balance sheet loss |
5.328.720,91 |
|
Thereof profit/loss carried forward |
4.212.110,86 |
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Sum equity capital |
5.864.610,39 |
|
Reserves for
severance pays |
415.109,00 |
|
Tax reserves |
247.552,15 |
|
Other reserves |
1.449.728,58 |
|
Sum reserves |
2.112.389,73 |
|
Received advanced
payments for orders |
696.854,04 |
|
Liabilities from
delivered goods and performed services |
1.390.931,56 |
|
Liabilities
against related firms |
9.400.488,59 |
|
Other liabilities |
326.686,80 |
|
Sum liabilities |
11.814.960,99 |
|
Deferred income |
3.237.770,31 |
|
Sum deferred
income |
3.237.770,31 |
|
Liabilities |
23.029.731,42 |
|
Contingent
liabilities |
414.119,92 |
|
Balance sheet sum |
23.029.731,42 |
(absolute) all amounts in EUR
|
|
2013-12-31 |
|
|
|
|
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Gross sales |
89.988.059,68 |
|
|
|
|
|
Total turnover or
gross profit |
89.988.059,68 |
|
|
|
|
|
|
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Other operating
profits |
6.109.296,58 |
|
|
|
|
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Other operating
profits totally |
6.109.296,58 |
|
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|
|
|
|
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Material costs |
-77.743.431,66 |
|
|
|
|
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Costs for obtained
services totally |
-77.743.431,66 |
|
|
|
|
Salaries -2.687.992,44
Costs
for severance pays -7.713,00
Costs
for old age pension -59.853,29
Legal
fringe benefits and other
payments
depending on salaries -533.037,75
Other
social fringe benefits -221.598,79
Personnel
expenses totally -3.510.195,27
Depreciation
of intangible assets,
tangible
assets,activated expenses
for
the set up and expansion
of
business operation -60.938,37
Depreciation
tangible assets -60.938,37
/ intangible assets totally
Other
operating costs -14.009.645,04
Other
taxes -346.858,30
Total
costs -14.356.503,34
Operating result
totally
Profits from
shareholdings 1.283.075,00
Interest income,
securties 511,27
income and similar
income
Interest and similar
-1.119,40
Disbursements
Financial profits
totally 1.282.466,87
Results from usual
business activity
totally 1.708.754,49
Taxes on income and
profits -592.144,44
Taxes on income and
profits
Totally -592.144,44
Annual
surplus/annual
deficit totally 1.116.610,05
Annual profit/annual
loss
Totally 1.116.610,05
Profit and loss
carried forward
from previous year 4.212.110,86
Transfer of profits
totally 4.212.110,86
B/S profit/ B/S loss
from
profit and loss
account 5.328.720,91
|
|
2013 |
|
Cash flow II |
1.177.548,42 |
|
Debt amortisation
period |
10,52 |
|
Bank indebtedness |
0,00 |
|
Equity capital share |
26,25 |
|
Social capital
share |
1,80 |
|
Fixed assets
coverage |
7.196,64 |
|
Net profit ratio |
1,89 |
|
Capital turnover |
3,90 |
|
Return on
investment |
7,42 |
|
Cash flow in % of operating performance |
1,30 |
|
Cash flow I |
1.769.692,86 |
|
Gross productivity |
25,63 |
|
Net productivity |
3,48 |
|
Operating performance |
89.988.059,68 |
|
Inventories in % of operating performance |
2,52 |
|
Gross profit |
12.244.628,02 |
|
Type |
Locations |
Description |
|
|
Phone Fax |
E-mail |
|
operational |
Hietzinger
HauptstraGe 145, A-1130 Wien |
registered office |
|
operational |
Hietzinger
HauptstraGe 145, A-1130 Wien |
registered
headquarters, rented premises |
|
|
0043 1
8771807 0043 1 8771808 |
|
|
operational |
Psohlavcu 43,
CZ-14700 Prag |
branch agency |
|
Company name |
Postal code |
Stake in % |
|
|
|
Shares in this company are held by: |
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Waters Technologies |
Maple Street 34, |
100 % 1994-08-17 |
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|
Corporation
Milford |
01757 |
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|
Massachusetts, USA |
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Banker |
Bank sort code |
Type of banking connection |
|
UniCredit Bank
Austria AG, 1011 Wien |
12000 |
main bank
connection |
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Year of incorporation: |
1994 |
|
Date of registration: |
1994-08-05 |
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Change in share capital: |
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|
From |
To |
Capital |
|
|
|
2013-12-19 |
ATS 500.000,00 |
|
|
2013-12-19 |
|
EUR 36.336,42 |
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|
|
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Former executives: |
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|
From |
To |
Function |
Name |
|
|
1998-05-07 |
manager |
Richard Henry
Payne |
|
|
1998-10-22 |
manager |
Ing.Mag. Stefan
Neubauer |
|
|
2002-01-10 |
manager |
Philip Taymor |
|
2003-08-15 |
2004-05-07 |
manager |
Eugene Burns |
|
1998-05-07 |
2004-05-07 |
manager |
Dr. Hartmut Rabich |
|
2004-05-07 |
2006-12-06 |
manager |
Richard Henry
Payne |
|
1998-10-22 |
2003-08-15 |
individual signing
clerk |
Eugene Burns |
|
1998-10-22 |
2004-05-07 |
individual signing
clerk |
Ing. Herbert
Ottner |
|
2006-12-06 |
2013-12-17 |
manager |
Michael Cornelius
Harrington |
|
2002-01-10 |
2008-01-22 |
manager |
John Alden Ornell |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.69 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.