MIRA INFORM REPORT

 

 

Report No. :

344884

Report Date :

15.10.2015

 

IDENTIFICATION DETAILS

 

Name :

BEVAFORM SERVICE & HANDELS GES.M.B.H.

 

 

Registered Office :

Pernerstätt 1 A-5162 Obertrum See

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

2004

 

 

Legal Form :

limited liability company

 

 

Line of Business :

Wholesale of footwear

 

 

No. of Employees :

17

 

 

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

A2

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

 

Bevaform Service & Handels Ges.m.b.H.

Pernerstätt 1

A-5162 Obertrum See

 

Phone:

(0043) 662 855033

Fax:

(0043) 662 855033 - 250

E-mail:

mail@bevaform.com

Internet:

http://www.bevaform.com

 

 

Activities

 

ÖNACE 46422 100% Wholesale of footwear

 

 

Financial data

 

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

 

total turnover (total sales)

2015

EUR

55.000.000,00

(expected)

total turnover (total sales)

2014

EUR

80.120.413,08

(exact)

total turnover (total sales)

2013

EUR

63.965.221,61

(exact)

total turnover (total sales)

2012

EUR

35.010.291,13

(exact)

total turnover (total sales)

2011

EUR

65.515.875,56

(exact)

 

total company vehicles

2015

 

5

(exact)

 

total employees

2015

 

17

(exact)

white collar workers

2015

 

17

(exact)

 

 

General company information

 

Company name

Bevaform Service & Handels Ges.m.b.H.

Year of incorporation

2004

Type of company

Wholesale and retail trade; repair of motor vehicles

Legal form

limited liability company since 2004-09-10

Companies house number

FN 253092 w Salzburg  since 2004-09-25

Import

Italy

India

China

2015

2015

2015

Export

Europe without EU

2015

ARA-number

15111

VAT number

ATU 61131929

number - Austrian National Bank

6611583

Last balance sheet:

2014

Banking connection

Oberbank AG

BLZ 15000

main bank connection

Raiffeisenlandesbank Oberösterreich

BLZ 34000

secondary banking connection

 

 

Locations

 

operational

A-5162 Obertrum See, Pernerstätt 1

registered office

operational

A-5162 Obertrum See, Pernerstätt 1

registered headquarters, rented premises

 

0043 662 855033

mail@bevaform.com

operational

A-5071 Wals, Dr. Hans Lechnerstraße 1, (bis Ende August 2012)

branch office, rented premises

former

A-5071 Wals, Dr Hans Lechnerstraße 3

registered office

former

A-5071 Wals, Dr Hans Lechnerstraße 1

registered headquarters

former

A-5071 Wals, Dr Hans Lechnerstraße 3

registered headquarters

 

 

Private data

 

Surname

Date of birth

Address

Executive positions

Further executive positions (as registered in the companies' house)

Bernd Klink

1966-09-29

D-40489 Düsseldorf

Kreuzbergstraße 44

manager

0

Christian Neubauer

1974-07-06

A-4866 Unterach Attersee

Mondseestraße 8

manager head of accounting

1

 

 

Related companies

 

Company name

Address

Shareholdings in %

Since

Commercial register no.

Shares in this company are held by:

AGIM Beteiligungs GmbH

A-5162 Obertrum See

Pernerstätt 1

100 %

2004-09-25

FN 163084 f

 

 

 

 

Affiliated companies and further participations:

Woolf Sports Promotion GmbH

A-5020 Salzburg

Werner von Siemensplatz 1

 

 

FN 254994 t

Woolf Sports Promotion GmbH & Co KG

A-5020 Salzburg

Werner von Siemensplatz 1

 

 

FN 255262 k

Andreas Grohmann Holding GmbH

A-5162 Obertrum See

Pernerstätt 1

 

 

FN 270664 k

Annemarie Grohmann Holding GmbH

A-5162 Obertrum See

Pernerstätt 1

 

 

FN 270672 y

Grohmann Schuhimport Ges.m.b.H.

A-5020 Salzburg

Werner von Siemensplatz 1

 

 

FN 36620 d

 

 

Balance Sheet (absolute)

 

All amounts in EUR

 

 

2014-12-31

Franchises, patents, licences, trademarks and similar rights and advantages

1.965,21

Sum intangible assets

1.965,21

 

Land and leasehold rights with buildings thereon including building on land owned by third parties

3.609,37

Other operating and business equipment

40.301,19

Technical plants and machines

61.899,43

Sum tangible assets

105.809,99

 

Sum fixed assets

107.775,20

 

Finished products

278.170,61

Advanced payments

8.599.389,89

Sum stock

8.877.560,50

 

Claims from delivered goods and performed services

13.474.868,74

Claims against related firmes Claims against companies with shareholding relationship

470.622,29

Other claims and assets

306.685,44

Sum claims

14.252.176,47

 

Cash on hand, cheques and bank deposits

36.653,10

Sum cash and bank

36.653,10

 

Sum current assets

23.166.390,07

 

Deferred charges

75.900,82

Sum deferred charges

75.900,82

Assets

23.350.066,09

 

Subscribed/declared capital

1.000.000,00

Legal reserves

100.000,00

Balance sheet profit/balance sheet loss

3.831.432,10

Thereof profit/loss carried forward

683.468,75

Sum equity capital

4.931.432,10

 

Valuation reserves and other reserves before taxes

1.331,90

Sum reserves before taxes

1.331,90

 

Subordinate capital

4.235.000,00

Sum floor capital

4.235.000,00

 

Reserves for severance pays

5.507,67

Tax reserves

413.832,00

Other reserves

1.447.447,47

Sum reserves

1.866.787,14

 

Liabilities against credit institutes

6.953.222,51

Liabilities from delivered goods and performed services

3.649.459,62

Liabilities against related firms

16.078,50

Other liabilities

1.696.754,32

Sum liabilities

12.315.514,95

 

Liabilities and shareholders'equity

23.350.066,09

Balance sheet sum

23.350.066,09

 

 

P/L Account (absolute)

 

All amounts in EUR

 

 

2014-12-31

Gross sales

80.120.413,08

Total turnover or gross profit

80.120.413,08

 

Income from dissolution of reserves

865.742,77

Other operating profits

1.692.654,17

Other operating profits totally

2.558.396,94

 

Costs for obtained services

-203.246,74

Material costs

-75.055.730,81

Costs for obtained services totally

-75.258.977,55

 

Salaries

-870.623,22

Costs for severance pays

-13.809,26

Legal fringe benefits and other payments depending on salaries

-200.784,46

Other social fringe benefits

-6.254,61

Personnel expenses totally

-1.091.471,55

 

Depreciation of intangible assets, tangible assets,activated expenses for the set up and expansion of business operation

-66.081,06

Depreciation tangible assets / intangible assets totally

-66.081,06

 

Other operating costs

-1.824.037,72

Other taxes

-11.188,66

Total costs

-1.835.226,38

 

Operating result totally

4.427.053,48

 

Interest income, securties income and similar income

23.232,78

Interest and similar disbursements

-723.330,61

Financial profits totally

-700.097,83

 

Results from usual business activity totally

3.726.955,65

 

Taxes on income and profits

-559.105,00

Taxes on income and profits totally

-559.105,00

 

Annual surplus/annual deficit totally

3.167.850,65

 

Dissolution reserves before taxes

2.512,70

Transfer to profit reserves

-22.400,00

Reserves movements totally

-19.887,30

 

Annual profit/annual loss totally

3.147.963,35

 

Profit and loss carried forward from previous year

683.468,75

Transfer of profits totally

683.468,75

 

B/S profit/ B/S loss from profit and loss account

3.831.432,10

 

 

Key ratios

 

 

2014

Cashflow II

3.233.931,71

Debt amortisation period in years

4,37

Bank indebtedness

29,77

Equity capital share in %

39,26

Social capital share

0,02

Fixed assets coverage

8.511,48

Net profit ratio

4,65

Capital turnover

3,43

Return on investment in %

19,05

Cashflow in % of operating performance

4,03

Cashflow I

3.793.036,71

Gross productivity

73,40

Net productivity

4,45

Operating performance

80.120.413,08

Inventories in % of operating performance

11,08

Gross profit

4.861.435,53

 

Land Register

 

Note

 

 

No real estate property registered

 

Commercial register

 

firm (style)

1Bevaform Service & Handels Ges.m.b.H.

legal form

1      Gesellschaft mit beschränkter Haftung

registered office

15      politischer Gemeinde Obertrum am See

business adress

15     Pernerstätt 1 5162 Obertrum am See

capital

6      EUR 1.000.000

reference date annual accounts

1.    31. Dezember

 

annual accounts

28  zum 31.12.2014 eingereicht am 22.09.2015

 

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. Die

 Generalversammlung kann, auch wenn mehrere Geschäfts- führer bestellt sind, einzelnen von ihnen selbständige Vertretungsbefugnis erteilen.
1   Gesellschaftsvertrag  vom 10.09.2004                                001
6   Generalversammlungsbeschluss  vom 10.07.2005 002
Kapitalerhöhung um EUR 964.000,- .

Änderung des Gesellschaftsvertrages im § 5.

6   Generalversammlungsbeschluss  vom 10.07.2005  003
Neufassung des Gesellschaftsvertrages.

15   Generalversammlungsbeschluss  vom 04.05.2010 004
Änderung des Gesellschaftsvertrages in § 3.

 

managing director

G   Christian Neubauer, geb. 06.07.1974

20        vertritt seit 04.04.2013 selbständig

H   Bernd Klink, geb. 29.09.1966

20        vertritt seit 04.04.2013 selbständig

 

shareholder

C   AGIM Beteiligungs GmbH

26        ....................  EUR 1.000.000

26        ...............................................  EUR 1.000.000

-------------------------------------------------------
Summen:           EUR 1.000.000              EUR 1.000.000

 

general table

Landesgericht Salzburg

1 eingetragen am 25.09.2004                  Geschäftsfall  24 Fr  5157/04 w

Antrag auf Neueintragung einer Firma  eingelangt am 15.09.2004

6 eingetragen am 02.09.2005                  Geschäftsfall  24 Fr  4356/05 a

Antrag auf Änderung  eingelangt am 28.07.2005

15 eingetragen am 07.05.2010                  Geschäftsfall  24 Fr  3561/10 a

Antrag auf Änderung  eingelangt am 04.05.2010

20 eingetragen am 06.04.2013                  Geschäftsfall  24 Fr  2172/13 i

Antrag auf Änderung  eingelangt am 04.04.2013

24 eingetragen am 14.06.2014                  Geschäftsfall  24 Fr  3595/14 k

Antrag auf Änderung  eingelangt am 06.06.2014

26 eingetragen am 12.03.2015                  Geschäftsfall  24 Fr  1117/15 a

Antrag auf Änderung  eingelangt am 10.03.2015

28 eingetragen am 25.09.2015

Elektronische Einreichung Jahresabschluss  eingelangt am 22.09.2015

 

 

Historical development

 

Year of incorporation

2004

Date of registration

2004-09-25

 

Change in share capital

 

from

to

asset

 

 

2005-09-02

EUR

36.000,00

2005-09-02

 

EUR

1.000.000,00

 

Former executives

 

from

to

position

name

2004-09-25

2005-04-21

manager

Klaus Michl

2004-09-25

2007-12-12

manager

Adolf Schrempf

2005-05-13

2007-12-12

joint signing clerk

Klaus Michl

2007-01-11

2007-12-12

individual signing clerk

Mag.Dr. Rouven Türk

2007-12-12

2013-06-22

manager

Dr. Hanns Per Kober

 

Former shareholders

 

from

to

position

name

birth date

2005-07-23

2008-01-11

partner

Max. BeteiligungsgmbH

 

2010-12-31

2015-03-12

partner

Dr. Hanns Per Kober

1951-01-20


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.11

UK Pound

1

Rs.99.50

Euro

1

Rs.74.24

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

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.