MIRA INFORM REPORT

 

 

Report No. :

347385

Report Date :

30.10.2015

 

IDENTIFICATION DETAILS

 

Name :

GRAUSAM HANDELS GMBH

 

 

Registered Office :

Aufeldgasse 66 A-3400 Klosterneuburg

 

 

Country :

Austria

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

1997

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

20

 

 

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 :

Slow but correct

 

 

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

 

Grausam Handels GmbH

 

Aufeldgasse 66

A-3400 Klosterneuburg

Phone:

(0043) 2243 22713

Fax:

(0043) 2243 22713 - 9

E-mail:

birgit.matzinger@grausamtextil.at

 

 

Activities

 

ÖNACE 46410 100% Wholesale of textiles

 

 

Financial data

 

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

 

total turnover (total sales)

2014

EUR

43.250.000,00

(approx.)

total turnover (total sales)

2013

EUR

43.185.609,45

(exact)

total turnover (total sales)

2012

EUR

35.770.826,10

(exact)

total turnover (total sales)

2011

EUR

37.902.797,38

(exact)

total turnover (total sales)

2010

EUR

45.685.398,42

(exact)

 

total company vehicles

2015

 

3

(approx.)

cars

2015

 

3

(approx.)

 

total employees

2015

 

20

(approx.)

white collar workers

2015

 

16

(approx.)

blue collar workers

2015

 

4

(approx.)

 

 

General company information

 

Company name

Grausam Handels GmbH

Year of incorporation

1997

Type of company

Wholesale and retail trade; repair of motor vehicles

Legal form

limited liability company since 1997-05-21

Companies house number

FN 159209 g Korneuburg  since 1997-06-07

Import

world-wide

world-wide

2015

2014

Export

world-wide

world-wide

2015

2014

VAT number

ATU 42752507

number - Austrian National Bank

3623130

Last balance sheet:

2013

Banking connection

UniCredit Bank Austria AG

BLZ 12000

main bank connection

 

 

Locations

 

operational

A-3400 Klosterneuburg, Aufeldgasse 66

registered office

operational

A-3400 Klosterneuburg, Aufeldgasse 66

registered headquarters

 

0043 2243 22713

birgit.matzinger@grausamtextil.at

former

A-1200 Wien, Wehlistraße 29, Stiege 3, 3. OG

registered office

former

A-1200 Wien, Handelskai 52

registered office

former

A-1200 Wien, Wehlistraße 29/3/3.OG

registered headquarters

former

A-1200 Wien, Handelskai 52

registered headquarters

 

 

Private data

 

Surname

Date of birth

Address

Executive positions

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

Mario Matzinger

1970-09-02

A-3400 Klosterneuburg

Türkenschanzgasse 8-10

manager

4

Mag. Birgit Matzinger

1972-07-06

A-3400 Klosterneuburg

Türkenschanzgasse 8-10

partner

2

Mario Brandtner

1982-04-28

A-3361 Aschbach Markt

Neufeld 4a

individual signing clerk

3

 

 

related companies

 

Company name

Address

Shareholdings in %

Since

Commercial register no.

Shares in this company are held by:

BIMACO Immobilien- und Beteiligungsverwaltung GmbH

A-3400 Klosterneuburg

aufeldgasse 36

76 %

2008-05-29

FN 238940 h

Mag. Birgit Matzinger

A-3400 Klosterneuburg

Türkenschanzgasse 8-10

24 %

1997-05-21

 

 

 

 

 

Affiliated companies and further participations:

Grausam Textil Handels Ges.m.b.H.

A-1200 Wien

Handelskai 52

 

 

FN 242606 z

Texstar Produktions- und Beteiligungs GmbH

A-3400 Klosterneuburg

Aufeldgasse 66

 

 

FN 281165 d

e-connect GmbH

A-3400 Klosterneuburg

Aufeldgasse 66

 

 

FN 405378 w

 

 

Balance Sheet (absolute)

 

All amounts in EUR

 

 

2013-12-31

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

104.408,57

Advanced payments

4.851,36

Sum intangible assets

109.259,93

 

Other operating and business equipment

224.624,58

Sum tangible assets

224.624,58

 

Shares on related firms

81.893,37

Sum financial assets

81.893,37

 

Sum fixed assets

415.777,88

 

Finished products

3.310.646,55

Sum stock

3.310.646,55

 

Claims from delivered goods and performed services

3.588.404,15

Claims against related firmes Claims against companies with shareholding relationship

5.479.675,60

Other claims and assets

1.565.030,31

Sum claims

10.633.110,06

 

Cash on hand, cheques and bank deposits

1.006.687,27

Sum cash and bank

1.006.687,27

 

Sum current assets

14.950.443,88

 

Deferred charges

87.960,39

Sum deferred charges

87.960,39

Assets

15.454.182,15

 

Subscribed/declared capital

36.000,00

Not committed capital reserves

336,42

Balance sheet profit/balance sheet loss

7.195.075,77

Thereof profit/loss carried forward

6.527.880,12

Sum equity capital

7.231.412,19

 

Other reserves before taxes

1.965,75

Sum reserves before taxes

1.965,75

 

Reserves for severance pays

12.878,00

Tax reserves

39.387,00

Other reserves

225.547,10

Sum reserves

277.812,10

 

Liabilities against credit institutes

2.395.439,76

Liabilities from delivered goods and performed services

5.467.586,72

Other liabilities

79.965,63

Sum liabilities

7.942.992,11

 

Liabilities and shareholders'equity

15.454.182,15

Balance sheet sum

15.454.182,15

 

 

 

P / L Account (absolute)

 

All amounts in EUR

 

 

2013-12-31

Gross sales

43.185.609,45

Total turnover or gross profit

43.185.609,45

 

Other operating profits

1.961.746,13

Other operating profits totally

1.961.746,13

 

Costs for obtained services

-145.649,65

Material costs

-39.325.114,03

Costs for obtained services totally

-39.470.763,68

 

Salaries

-691.057,51

Costs for severance pays

-10.483,26

Legal fringe benefits and other payments depending on salaries

-205.832,09

Other social fringe benefits

-12.939,06

Personnel expenses totally

-920.311,92

 

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

-152.481,47

Depreciation tangible assets / intangible assets totally

-152.481,47

 

Other operating costs

-3.652.876,49

Total costs

-3.652.876,49

 

Operating result totally

950.922,02

 

Interest income, securties income and similar income

25.435,92

Interest and similar disbursements

-86.919,95

Financial profits totally

-61.484,03

 

Results from usual business activity totally

889.437,99

 

Taxes on income and profits

-223.990,00

Taxes on income and profits totally

-223.990,00

 

Annual surplus/annual deficit totally

665.447,99

 

Dissolution reserves before taxes

1.747,66

Reserves movements totally

1.747,66

 

Annual profit/annual loss totally

667.195,65

 

Profit and loss carried forward from previous year

6.527.880,12

Transfer of profits totally

6.527.880,12

 

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

7.195.075,77

 

 

Key ratios

 

 

2013

Cashflow II

817.929,46

Debt amortisation period in years

8,81

Bank indebtedness

15,50

Equity capital share in %

46,80

Social capital share

0,08

Fixed assets coverage

1.742,81

Net profit ratio

2,05

Capital turnover

2,79

Return on investment in %

6,31

Cashflow in % of operating performance

1,89

Cashflow I

1.041.919,46

Gross productivity

46,92

Net productivity

4,03

Operating performance

43.185.609,45

Inventories in % of operating performance

7,66

Gross profit

3.714.845,77

 

 

 

Land Register

 

Note

No real estate property registered

 

 

Commercial register

 

firm (style)

1        Grausam Handels GmbH

legal form

1        Gesellschaft mit beschränkter Haftung

registered office

24      politischer Gemeinde Klosterneuburg

business adress

24      Aufeldgasse 66

3400 Klosterneuburg

capital

13      EUR 36.000

reference date annual accounts

20      31. Dezember

annual accounts

25      zum 31.12.2013 eingereicht am 08.10.2014

power of representation

1        Die Gesellschaft wird, wenn mehrere Geschäftsführer

bestellt sind, durch zwei Geschäftsführer gemeinsam oder durch einen vonihnen gemeinsam mit einem Gesamtprokuristen vertreten.
Die Generalversammlung kann, auch wenn mehrere Geschäfts- führer bestelltsind, einzelnen von ihnen selbständige Vertretungsbefugnis erteilen.
1   Gesellschaftsvertrag  vom 21.05.1997                                                   001
13   Gesellschaftsvertrag mit Generalversammlungsbeschluss                  002
vom 11.03.2008

gemäß 1. Euro-JuBeG angepasst.

13   Generalversammlungsbeschluss  vom 11.03.2008                             003
Änderung des Gesellschaftsvertrages in den Punkten Viertens, Neuntens, Dreizehntens, Vierzehntens und Fünfzehntens
20   Generalversammlungsbeschluss  vom 30.11.2011                              004
Änderung des Gesellschaftsvertrages im Punkt Fünftens

24   Generalversammlungsbeschluss  vom 13.01.2014                        005
Änderung des Gesellschaftsvertrages im Punkt Zweitens.

 

 

proxy

F   Mario Brandtner, geb. 28.04.1982

19        vertritt seit 01.10.2011 selbständig

 

managing director

C   Mario Matzinger, geb. 02.09.1970

9        vertritt seit 10.12.2004 selbständig

 

shareholder

D   Mag. Birgit Matzinger, geb. 06.07.1972

13        ......................    EUR 8.640

13        .................................................    EUR 8.640

E   BIMACO Immobilien- und Beteiligungs-verwaltung GmbH

13        .....................    EUR 27.360

13        ................................................    EUR 27.360

------------------------------------------------------
Summen:            EUR 36.000                 EUR 36.000

 

general table

Handelsgericht Wien

1 eingetragen am 07.06.1997                  Geschäftsfall  72 Fr  5228/97 w

Antrag auf Neueintragung einer Firma  eingelangt am 05.06.1997

9 eingetragen am 17.12.2004                  Geschäftsfall  72 Fr 14874/04 i

Antrag auf Änderung  eingelangt am 14.12.2004

13 eingetragen am 29.05.2008                  Geschäftsfall  72 Fr  4545/08 f

Antrag auf Änderung  eingelangt am 14.04.2008

19 eingetragen am 19.11.2011                  Geschäftsfall  72 Fr 22286/11 x

Antrag auf Änderung  eingelangt am 17.11.2011

20 eingetragen am 21.12.2011                  Geschäftsfall  72 Fr 23222/11 y

Antrag auf Änderung  eingelangt am 13.12.2011

Landesgericht Korneuburg

24 eingetragen am 01.02.2014                  Geschäftsfall  28 Fr   241/14 i

Antrag auf Sitzverlegung  eingelangt am 29.01.2014

25 eingetragen am 10.10.2014

Elektronische Einreichung Jahresabschluss  eingelangt am 08.10.2014

 

 

Historical development

 

Year of incorporation

1997

Date of registration

1997-06-07

 

Change in share capital

 

from

to

asset

 

 

2008-05-29

ATS

500.000,00

2008-05-29

 

EUR

36.000,00

 

Former executives

 

from

to

position

name

1997-06-07

2004-12-17

manager

Dkfm. Karl Heinz Grausam

 

Former shareholders

 

from

to

position

name

birth date

1997-05-21

2004-12-21

partner

Dkfm. Karl Heinz Grausam

1936-03-24

1997-05-21

2004-12-21

partner

Philipp Grausam

1977-07-20

1997-05-21

2008-05-29

partner

Mario Matzinger

1970-09-02

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.15

UK Pound

1

Rs.99.36

Euro

1

Rs.71.25

 

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.