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Report No. : |
348230 |
|
Report Date : |
04.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOREALIS L.A.T GMBH |
|
|
|
|
Formerly Known As : |
LINZER AGRO TRADE GmbH |
|
|
|
|
Registered Office : |
St. Peterstraße 25 A-4020 Linz |
|
|
|
|
Country : |
Austria |
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|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
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Date of Incorporation : |
2005 |
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|
|
|
Legal Form : |
Limited liability company |
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|
|
|
Line of Business : |
Wholesale of chemical products |
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|
|
|
No. of Employees : |
55 |
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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|
|
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Austria |
A2 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 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 |
Borealis
L.A.T GmbH
St. Peterstraße 25
A-4020 Linz
|
Phone: |
(0043) 732 6915 |
|
Fax: |
(0043) 732 6915 - 5990 |
|
E-mail: |
lat@borealisgroup.com |
|
Internet: |
http://www.borealis-lat.com |
ÖNACE 46750 100% Wholesale of chemical products
Financial details can also be entered during the period,
irrespective of the balance sheet date.
|
total turnover (total sales) |
2014 |
EUR |
812.106.636,90 |
(exact) |
|
total turnover (total sales) |
2013 |
EUR |
536.033.128,49 |
(exact) |
|
total turnover (total sales) |
2012 |
EUR |
610.324.893,60 |
(exact) |
|
total turnover (total sales) |
2011 |
EUR |
444.485.146,48 |
(exact) |
|
total turnover (total sales) |
2010 |
EUR |
338.869.790,03 |
(exact) |
|
total stock |
2015 |
EUR |
20.000.000,00 |
(approx.) |
|
total investments |
2014 |
EUR |
6.627.685,41 |
(exact) |
|
total employees |
2015 |
|
55 |
(exact) |
|
white collar workers |
2015 |
|
55 |
(exact) |
|
Company name |
Borealis L.A.T GmbH |
|||||||||
|
Year of incorporation |
2005 |
|||||||||
|
Type of company |
Wholesale and retail trade; repair of motor vehicles |
|||||||||
|
Legal form |
limited liability company since 2005-01-10 |
|||||||||
|
Companies house number |
FN 257746 p Linz since
2005-01-25 |
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Import |
|
|||||||||
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Export |
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|||||||||
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VAT number |
ATU 61391247 |
|||||||||
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number - Austrian National Bank |
6775055 |
|||||||||
|
Last balance sheet: |
2014 |
|||||||||
|
Banking connection |
|
|
operational |
A-4021 Linz, St.-Peter-Str. 25 |
registered office |
|
operational |
A-4020 Linz, St. Peterstraße 25 |
registered headquarters, rented premises |
|
|
0043 732 6915 |
lat@borealisgroup.com |
|
former |
A-4020 Linz, Buchnerplatz 1 |
registered office |
|
former |
A-4020 Linz, Buchnerplatz 1 |
registered headquarters |
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies'
house) |
|
Ing.Mag. Ernst Buchner |
1959-02-13 |
A-4210 Gallneukirchen Loschkeweg 12b |
manager |
2 |
|
Markku Korvenranta |
1966-01-26 |
A-1220 Wien Wagramerstraße 17-19 |
manager |
2 |
|
MBA Dipl-Ing.Dr. Gerald Papst |
1964-10-29 |
A-1140 Wien Lebereckstraße 36 |
manager head of purchasing |
1 |
|
Mag.Dr. Norbert Kehrer |
1966-07-19 |
A-4020 Linz St. Peterstraße 25(c/o) |
joint signing clerk |
1 |
|
Mag. Hans Jürgen Kowatsch |
1976-01-31 |
A-4020 Linz St. Peterstraße 25(c/o) |
joint signing clerk |
0 |
|
Mag. Dietmar Remplbauer |
1962-09-13 |
A-4020 Linz St. Peterstraße 25(c/o) |
joint signing clerk |
1 |
|
Mag. Andreas Steinbüchler |
1971-08-07 |
A-4021 Linz St.-Peter-Str. 25(c/o) |
joint signing clerk |
0 |
|
Zsolt Udvari |
1975-07-18 |
A-4021 Linz St.-Peter-Str. 25(c/o) |
joint signing clerk |
0 |
|
Martha Pfleger |
|
A-4020 Linz St. Peterstraße 25(c/o) |
head of accounting |
0 |
|
Gerald Hoyer |
|
A-4020 Linz St. Peterstraße 25(c/o) |
head of purchasing |
0 |
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
|
Shares in this company are held by: |
||||
|
Borealis AG |
A-1220 Wien Wagramerstraße 17-19 |
100 % |
2013-05-01 |
FN 269858 a |
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|
||||
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||||
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|
||||
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|
||||
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Affiliated companies and further participations: |
||||
|
OMV Aktiengesellschaft |
A-1020 Wien Trabrennstraße 6-8 |
|
|
FN 93363 z |
|
International Petroleum Investment Company |
ET-7528 Abu Dhabi Muroor (4th) Road |
|
|
|
|
Borealis Polyolefine GmbH |
A-2320 Schwechat Danubiastraße 21-25 |
|
|
FN 125430 g |
|
Borealis Agrolinz Melamine GmbH |
A-4021 Linz St. Peterstraße 25 |
|
|
FN 78587 w |
All amounts in EUR
|
|
2014-12-31 |
|
Intangible assets |
3.892.663,74 |
|
Sum intangible assets |
3.892.663,74 |
|
|
|
|
Tangible assets |
127.736,83 |
|
Sum tangible assets |
127.736,83 |
|
|
|
|
Financial assets |
12.290.956,61 |
|
Sum financial assets |
12.290.956,61 |
|
|
|
|
Sum fixed assets |
16.311.357,18 |
|
|
|
|
Special account stock |
65.045.953,31 |
|
Raw-, auxiliary materials and supplies |
1.846.581,30 |
|
Advanced payments |
9.850.722,92 |
|
Sum stock |
76.743.257,53 |
|
|
|
|
Claims from delivered goods and performed services |
75.345.146,74 |
|
Claims against related firmes Claims against companies with
shareholding relationship |
12.519.600,76 |
|
Other claims and assets |
28.372.690,64 |
|
Sum claims |
116.237.438,14 |
|
|
|
|
Cash on hand, cheques and bank deposits |
6.502.851,35 |
|
Sum cash and bank |
6.502.851,35 |
|
|
|
|
Sonstige Aktiva |
723.095,83 |
|
Sum current assets |
199.483.547,02 |
|
|
|
|
Deferred charges |
45.114,10 |
|
Sum deferred charges |
45.114,10 |
|
Assets |
216.563.114,13 |
|
|
|
|
Subscribed/declared capital |
35.000,00 |
|
Capital reserves |
5.366.940,39 |
|
Profit reserves |
3.500,00 |
|
Balance sheet profit/balance sheet loss |
61.032.728,42 |
|
Thereof profit/loss carried forward |
20.328.062,55 |
|
Sum equity capital |
66.438.168,81 |
|
|
|
|
Reserves for severance pays |
1.462.657,00 |
|
Other reserves |
1.366.200,28 |
|
Sum reserves |
2.828.857,28 |
|
|
|
|
Liabilities against credit institutes |
5.299,91 |
|
Received advanced payments for orders |
4.264.728,78 |
|
Liabilities from delivered goods and performed services |
24.992.497,82 |
|
Liabilities against related firms |
116.663.018,97 |
|
Other liabilities |
1.370.542,56 |
|
Sum liabilities |
147.296.088,04 |
|
|
|
|
Liabilities and shareholders'equity |
216.563.114,13 |
|
Contingent liabilities |
12.447,00 |
|
Balance sheet sum |
216.563.114,13 |
All
amounts in EUR
|
|
2014-12-31 |
|
Gross sales |
812.106.636,90 |
|
Total turnover or gross profit |
812.106.636,90 |
|
|
|
|
Other operating profits |
1.962.287,54 |
|
Other operating profits totally |
1.962.287,54 |
|
|
|
|
Costs for severance pays |
-671.807.474,38 |
|
Personnel expenses |
-6.414.825,86 |
|
Personnel expenses totally |
-678.222.300,24 |
|
|
|
|
Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-1.362.910,99 |
|
Depreciation tangible assets / intangible assets totally |
-1.362.910,99 |
|
|
|
|
Other operating costs |
-80.149.021,82 |
|
Total costs |
-80.149.021,82 |
|
|
|
|
Operating result totally |
54.334.691,39 |
|
|
|
|
Interest income, securties income and similar income |
120.811,18 |
|
Interest and similar disbursements |
-179.872,57 |
|
Financial profits totally |
-59.061,39 |
|
|
|
|
Results from usual business activity totally |
54.275.630,00 |
|
|
|
|
Taxes on income and profits |
-13.570.964,13 |
|
Taxes on income and profits totally |
-13.570.964,13 |
|
|
|
|
Annual surplus/annual deficit totally |
40.704.665,87 |
|
|
|
|
Annual profit/annual loss totally |
40.704.665,87 |
|
|
|
|
Profit and loss carried forward from previous year |
20.328.062,55 |
|
Transfer of profits totally |
20.328.062,55 |
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
61.032.728,42 |
|
|
|
|
|
2014 |
|
Cashflow II |
42.067.576,86 |
|
Debt amortisation period in years |
3,31 |
|
Bank indebtedness |
0,00 |
|
Equity capital share in % |
31,29 |
|
Social capital share |
0,67 |
|
Fixed assets coverage |
416,27 |
|
Net profit ratio |
6,68 |
|
Capital turnover |
3,74 |
|
Return on investment in % |
25,14 |
|
Cashflow in % of operating performance |
5,18 |
|
Cashflow I |
55.638.540,99 |
|
Gross productivity |
1,19 |
|
Net productivity |
1,19 |
|
Operating performance |
812.106.636,90 |
|
Inventories in % of operating performance |
9,44 |
|
Gross profit |
812.106.636,90 |
Note
No real estate property registered
|
firm (style) |
22 Borealis L.A.T GmbH |
|
legal form |
1 Gesellschaft mit beschränkter Haftung
|
|
registered office |
1 politischer Gemeinde Linz |
|
business adress |
8 St.-Peter-Str. 25 4021 Linz |
|
capital |
1 EUR 35.000 |
|
reference date annual accounts |
1 31. Dezember |
|
annual accounts |
26 zum 31.12.2014 eingereicht am
10.07.2015 |
|
power of representation |
1 Die Gesellschaft wird, wenn mehrere
Geschäftsführer bestellt sind, durch zwei Geschäftsführer gemeinsam oder
durch einen von ihnen gemeinsam mit einem Prokuristen vertreten, sofern die
Gesellschafter nicht andere Vertre- 1 Erklärung über die Errichtung der
Gesellschaft 001 vom 10.01.2005 3 Gesellschafterbeschluss vom 22.12.2005 002 Änderung der
Errichtungserklärung in Punkt Drei. 20 Generalversammlungsbeschluss vom 27.03.2013 003 Spaltung zur Aufnahme eines
Vermögensteiles der Borealis Agrolinz Melamine GmbH (FN 78587 w) und zwar des Teilbetriebes
"Produktionsplanung, -auftragsvergabe und Vertrieb von Mineraldüngern und
technischen Stickstoffpro- dukten" (Standort St.
Peter-Straße 25, 4020 Linz) sowie an der LINZER AGRO TRADE GmbH
im Nominale von EUR 35.000,-- gemäß Spaltungs- und
Übernahmsvertrag vom 25.02.2013 22 Generalversammlungsbeschluss vom 05.06.2013 004 Änderung der
Errichtungserklärung im Punkt Eins. |
|
|
|
|
proxy |
|
|
E Mag. Dietmar Remplbauer, geb. 13.09.1962 2 vertritt seit 14.03.2005 gemeinsam
mit einem
kollektivvertretungsbefugten Geschäftsführer oder einem weiteren
Gesamtprokuristen H Mag. Dr. Norbert Kehrer, geb. 19.07.1966 11 vertritt seit 01.10.2009 gemeinsam
mit einem
kollektivvertretungsbefugten Geschäftsführer oder einem weiteren
Gesamtprokuristen K Mag. Hans-Jürgen Kowatsch, geb. 31.01.1976 13 vertritt seit 01.09.2010 gemeinsam
mit einem
kollektivvertretungsbefugten Geschäftsführer oder einem weiteren
Gesamtprokuristen L Mag. Andreas Steinbüchler, geb. 07.08.1971 17 vertritt seit 15.09.2010 gemeinsam
mit einem
kollektivvertretungsbefugten Geschäftsführer oder einem weiteren
Gesamtprokuristen N Zsolt Udvari, geb. 18.07.1975 23 vertritt seit 01.01.2014 gemeinsam mit einem/einer kollektiv
vertretungsbefugten Geschäftsführer/in oder einer/einem weiteren
Gesamtprokuristin/Prokuristen |
|
|
|
|
|
managing director |
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|
A DI Dr. Gerald Papst, MBA, geb. 29.10.1964 1 vertritt seit 25.01.2005 gemeinsam
mit einem weiteren Geschäftsführer
oder einem Gesamtprokuristen B Ing. Mag. Ernst Buchner, geb. 13.02.1959 1 vertritt seit 25.01.2005 gemeinsam
mit einem weiteren Geschäftsführer
oder einem Gesamtprokuristen O Markku Korvenranta, geb. 26.01.1966 25 vertritt seit 06.08.2014 gemeinsam
mit einem/einer weiteren
Geschäftsführer/in oder einer/einem
Prokuristin/Prokuristen |
|
|
|
|
|
shareholder |
|
|
M Borealis AG 20 ....................... EUR 35.000 20 .................................................. EUR 35.000 ------------------------------------------------------- |
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|
general table |
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|
Landesgericht Linz 1 eingetragen am 25.01.2005 Geschäftsfall 32 Fr
161/05 p Antrag auf Neueintragung einer
Firma eingelangt am 11.01.2005 2 eingetragen am
08.04.2005
Geschäftsfall 32 Fr 1511/05 z Antrag auf Änderung eingelangt am 05.04.2005 3 eingetragen am
31.01.2006
Geschäftsfall 32 Fr 354/06 g Antrag auf Änderung eingelangt am 19.01.2006 8 eingetragen am
08.04.2008
Geschäftsfall 32 Fr 1592/08 w Antrag auf Änderung eingelangt am 07.04.2008 11 eingetragen am 12.11.2009 Geschäftsfall 32 Fr
7132/09 a Antrag auf Änderung eingelangt am 06.11.2009 13 eingetragen am
17.09.2010
Geschäftsfall 32 Fr 4727/10 y Antrag auf Änderung eingelangt am 16.09.2010 14 eingetragen am 13.11.2010 Geschäftsfall 32 Fr
7285/10 i Einschreiten von Amts wegen 17 eingetragen am
29.09.2011
Geschäftsfall 32 Fr 7871/11 f Antrag auf Änderung eingelangt am 28.09.2011 20 eingetragen am
01.05.2013 Geschäftsfall 32 Fr
1370/13 m Antrag auf Änderung eingelangt am 04.04.2013 22 eingetragen am
20.06.2013
Geschäftsfall 32 Fr 2541/13 i Antrag auf Änderung eingelangt am 14.06.2013 23 eingetragen am
24.01.2014
Geschäftsfall 13 Fr 145/14 f Antrag auf Änderung eingelangt am 14.01.2014 25 eingetragen am
04.09.2014
Geschäftsfall 13 Fr 3925/14 p Antrag auf Änderung eingelangt am 26.08.2014 26 eingetragen am 14.07.2015 Elektronische Einreichung
Jahresabschluss eingelangt am
10.07.2015 |
|
|
Year of incorporation |
2005 |
|
Date of registration |
2005-01-25 |
Change of company
name
|
from |
to |
company name |
|
|
2013-06-20 |
LINZER AGRO TRADE GmbH |
|
2013-06-20 |
|
Borealis L.A.T GmbH |
Former executives
|
from |
to |
position |
name |
|
2005-04-08 |
2006-06-24 |
joint signing clerk |
Armin Stein |
|
2005-04-08 |
2007-06-26 |
joint signing clerk |
Dipl-Betriebsw. Stefan Sommer |
|
2005-04-08 |
2009-11-12 |
joint signing clerk |
Erich Obereder |
|
2009-11-12 |
2010-09-17 |
joint signing clerk |
Ingo Rendel |
|
2009-11-12 |
2012-07-27 |
joint signing clerk |
Dr. Christian Schatz |
Former shareholders
|
from |
to |
position |
name |
|
2005-01-25 |
2013-05-01 |
partner |
Borealis Agrolinz Melamine GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.45 |
|
UK Pound |
1 |
Rs.100.96 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
TRU |
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.