|
Report No. : |
339469 |
|
Report Date : |
10.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
CCI
VALVE TECHNOLOGY GMBH |
|
|
|
|
Registered Office : |
Lemböckgasse
63/, A-1230 Wien |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Year of Establishment : |
2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
109 |
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 |
A1 |
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 |
CCI VALVE TECHNOLOGY
GMBH
Lemböckgasse
63/, A-1230 Wien
|
Phone: |
(0043)
1 8692740 |
|
Fax: |
(0043)
1 8653603 |
|
E-mail: |
cci@ccivalve.at |
|
Internet: |
http://www.ccivalve.com |
ÖNACE
46740 50% Wholesale of hardware, plumbing and heating equipment and supplies
ÖNACE
46690 50% Wholesale of other machinery and equipment
Financial
details can also be entered during the period, irrespective of the balance
sheet date.
|
total
turnover (total sales) |
2014 |
EUR |
59.000.000,00 |
(estimated) |
|
total
turnover (total sales) |
2013 |
EUR |
59.617.140,96 |
(exact) |
|
total
turnover (total sales) |
2012 |
EUR |
69.983.931,53 |
(exact) |
|
total
turnover (total sales) |
2011 |
EUR |
43.362.746,69 |
(exact) |
|
total
turnover (total sales) |
2010 |
EUR |
45.961.334,99 |
(exact) |
|
total
investments |
2013 |
EUR |
6.231.649,14 |
(exact) |
|
total
employees |
2015 |
|
109 |
(approx.) |
|
white
collar workers |
2015 |
|
109 |
(approx.) |
|
Company
name |
CCI
Valve Technology GmbH |
||||||
|
Year
of incorporation |
2000 |
||||||
|
Type
of company |
Wholesale
and retail trade; repair of motor vehicles |
||||||
|
Legal
form |
limited
liability company since 2000-12-11 |
||||||
|
Companies
house number |
FN
203435 w Wien since 2000-12-16 |
||||||
|
Import |
|
||||||
|
Export |
|
||||||
|
VAT
number |
ATU
51067508 |
||||||
|
number
- Austrian National Bank |
4934709 |
||||||
|
Last
balance sheet: |
2013 |
||||||
|
Banking
connection |
|
|
operational |
A-1230
Wien, Lemböckgasse 63/1 |
registered
office |
|
operational |
A-1230
Wien, Lemböckgasse 63/1 |
registered
headquarters, rented premises |
|
|
0043
1 8692740 |
cci@ccivalve.at |
|
former |
A-1230
Wien, Lemböckgasse 63/1 |
registered
office |
|
former |
A-1233
Wien, Carlbergergasse 38 |
registered
office |
|
Surname |
Date
of birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Mag.(FH)
Thomas Peter Westphal |
1980-03-17 |
A-7083
Purbach am Neusiedlersee Am
Wehrturm 9 |
manager |
0 |
|
Karl
Wonisch |
1959-11-22 |
A-1230
Wien Carlbergergasse
38 |
manager
head of sales |
0 |
|
Mag.
Konrad Blank |
1968-04-18 |
A-1230
Wien Lemböckgasse
63 |
joint
signing clerk |
0 |
|
Mag.
Siegfried Karner |
1967-02-03 |
A-1200
Wien Staudingergasse
1-3 |
joint
signing clerk |
0 |
|
Mag.
Gerlinde Rögner |
1976-06-26 |
A-1030
Wien Landstraßer
Hauptstraße 93 |
joint
signing clerk |
0 |
|
Mag.
Thomas Westphal |
|
A-1230
Wien Lemböckgasse
63(c/o) |
head
of accounting |
0 |
|
Company
name |
Address |
Shareholdings
in % |
Since |
Commercial
register no. |
|
Shares
in this company are held by: |
||||
|
Imi
Kynoch Limited |
GB-B37
7XZ Birmingham Lakeside
Solihull Parkway, Birmingham Business Park |
100
% |
2013-01-11 |
|
|
|
||||
|
Affiliated
companies and further participations: |
||||
|
Norgren
Ges.m.b.H. |
A-2355
Wiener Neudorf Straße
2a/Objekt M39 |
|
|
FN
95345 p |
|
|
||||
|
|
2013-12-31 |
|
Goodwill |
295.182,35 |
|
Franchises,
patents, licences, trademarks and similar rights and advantages |
5.958.209,80 |
|
Sum
intangible assets |
6.253.392,15 |
|
Other
operating and business equipment |
155.288,08 |
|
Sum
tangible assets |
155.288,08 |
|
Shares
on related firms |
0,17 |
|
Sum
financial assets |
0,17 |
|
Sum
fixed assets |
6.408.680,40 |
|
Outstanding
service claims |
1.432.402,00 |
|
Received
advanced payments for orders |
-341.259,00 |
|
Sum
stock |
1.091.143,00 |
|
Claims
from delivered goods and performed services |
14.042.604,42 |
|
Claims
against related firmes Claims against companies with shareholding
relationship |
8.699.221,97 |
|
Other
claims and assets |
296.743,75 |
|
Sum
claims |
23.038.570,14 |
|
Cash
on hand, cheques and bank deposits |
158.418,00 |
|
Sum
cash and bank |
158.418,00 |
|
Sum
current assets |
24.288.131,14 |
|
Deferred
charges |
35.874,56 |
|
Sum
deferred charges |
35.874,56 |
|
Assets |
30.732.686,10 |
|
|
|
|
Subscribed/declared
capital |
500.000,00 |
|
Legal
reserves |
50.000,00 |
|
Balance
sheet profit/balance sheet loss |
8.954.821,30 |
|
Thereof
profit/loss carried forward |
1.324.985,10 |
|
Sum
equity capital |
9.504.821,30 |
|
Reserves
for severance pays |
420.388,08 |
|
Tax
reserves |
1.018.650,00 |
|
Other
reserves |
6.295.217,47 |
|
Sum
reserves |
7.734.255,55 |
|
Received
advanced payments for orders |
3.971.862,24 |
|
Liabilities
from delivered goods and performed services |
135.286,90 |
|
Liabilities
against related firms |
9.011.323,50 |
|
Other
liabilities |
375.136,61 |
|
Sum
liabilities |
13.493.609,25 |
|
|
|
|
Liabilities |
30.732.686,10 |
|
Balance
sheet sum |
30.732.686,10 |
|
|
|
|
|
2013-12-31 |
|
Gross
sales |
59.617.140,96 |
|
Increase
or decrease in finished and unfinished goods and in service claims |
-853.743,00 |
|
Total
turnover or gross profit |
58.763.397,96 |
|
|
|
|
Other
operating profits |
1.760.600,82 |
|
Other
operating profits totally |
1.760.600,82 |
|
|
|
|
Costs
for obtained services |
-534.482,63 |
|
Material
costs |
-27.816.517,83 |
|
Costs
for obtained services totally |
-28.351.000,46 |
|
|
|
|
Salaries |
-6.441.211,74 |
|
Costs
for severance pays |
-167.885,96 |
|
Legal
fringe benefits and other payments depending on salaries |
-1.736.019,16 |
|
Other
social fringe benefits |
-45.717,00 |
|
Personnel
expenses totally |
-8.390.833,86 |
|
|
|
|
Depreciation
of intangible assets, tangible assets,activated expenses for the set up and
expansion of business operation |
-443.101,09 |
|
Depreciation
tangible assets / intangible assets totally |
-443.101,09 |
|
|
|
|
Other
operating costs |
-14.725.867,36 |
|
Total
costs |
-14.725.867,36 |
|
|
|
|
Operating
result totally |
8.613.196,01 |
|
|
|
|
Interest
income, securties income and similar income |
38.401,41 |
|
Interest
and similar disbursements |
-3.111,22 |
|
Financial
profits totally |
35.290,19 |
|
|
|
|
Results
from usual business activity totally |
8.648.486,20 |
|
|
|
|
Taxes
on income and profits |
-1.018.650,00 |
|
Taxes
on income and profits totally |
-1.018.650,00 |
|
|
|
|
Annual
surplus/annual deficit totally |
7.629.836,20 |
|
|
|
|
Annual
profit/annual loss totally |
7.629.836,20 |
|
|
|
|
Profit
and loss carried forward from previous year |
1.324.985,10 |
|
Transfer
of profits totally |
1.324.985,10 |
|
|
|
|
B/S
profit/ B/S loss from profit and loss account |
8.954.821,30 |
|
|
|
|
|
2013 |
|
Cashflow
II |
8.072.937,29 |
|
Debt
amortisation period in years |
2,11 |
|
Bank
indebtedness |
0,00 |
|
Equity
capital share in % |
35,51 |
|
Social
capital share |
1,36 |
|
Fixed
assets coverage |
154,87 |
|
Net
profit ratio |
14,71 |
|
Capital
turnover |
1,91 |
|
Return
on investment in % |
28,15 |
|
Cashflow
in % of operating performance |
13,73 |
|
Cashflow
I |
9.091.587,29 |
|
Gross
productivity |
7,00 |
|
Net
productivity |
3,62 |
|
Operating
performance |
58.763.397,96 |
|
Inventories
in % of operating performance |
1,85 |
|
Gross
profit |
30.412.397,50 |
Note
No
real estate property registered
|
firm
(style) |
1 CCI Valve Technology GmbH |
|
legal
form |
1 Gesellschaft mit beschränkter Haftung |
|
registered
office |
1 politischer Gemeinde Wien |
|
business
adress |
7 Lemböckgasse 63/1 |
|
capital |
5 EUR 500.000 |
|
reference
date annual accounts |
1 31. Dezember |
|
annual
accounts |
25 zum 31.12.2013 eingereicht am
29.09.2014 |
|
power
of representation |
2 Die Gesellschaft wird, wenn mehrere
Geschäftsführer bestellt |
|
|
|
|
proxy |
|
|
E Mag. Konrad Blank, geb. 18.04.1968 |
|
|
|
|
|
managing
director |
|
|
F Ing. Karl Wonisch, geb. 22.11.1959 |
|
|
|
|
|
shareholder |
|
|
K IMI Kynoch Limited |
|
|
|
|
|
general
table |
|
|
Handelsgericht
Wien |
|
|
Year
of incorporation |
2000 |
|
Date
of registration |
2000-12-16 |
Change
in share capital
|
from |
to |
asset |
|
|
|
2003-06-26 |
EUR |
35.000,00 |
|
2003-06-26 |
|
EUR |
500.000,00 |
Former
executives
|
from |
to |
position |
name |
|
2000-12-16 |
2003-06-26 |
manager |
Dean
Capper |
|
2001-04-06 |
2003-06-26 |
manager |
Stuart
Allen Carson |
|
2001-04-06 |
2006-02-14 |
manager |
Kenneth
Roland Collie |
|
2001-04-06 |
2003-06-26 |
joint
signing clerk |
Karl
Wonisch |
|
2001-04-06 |
2010-05-11 |
joint
signing clerk |
Guido
Friedmann |
|
2006-02-14 |
2010-05-11 |
manager |
John
Steele |
Former
shareholders
|
from |
to |
position |
name |
|
2000-12-16 |
2013-01-11 |
partner |
IMI
Overseas Investments Limited |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.29 |
|
|
1 |
Rs.101.89 |
|
Euro |
1 |
Rs.73.98 |
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.