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MIRA
INFORM REPORT
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Report No. : |
501861 |
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Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1871 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Retail sale of clothing in specialised stores |
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No. of Employees : |
1120 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Austria |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 has been relatively weak in recent years, approaching 1% in 2015, but rising to 2.3% in 2017. Austria's 5.8% unemployment rate, while low by European standards, is at its highest rate since the end of World War II, driven by an increased number of refugees and EU migrants entering the labor market. Without extensive vocational training programs and generous early retirement, the unemployment rate would be even higher.
Although Austria's fiscal position compares favorably with other euro-zone countries, it faces several external risks, such as unexpectedly weak world economic growth threatening the export market, 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 refugee crisis, and continued unrest in Russia/Ukraine. The budget deficit stood at 1% of GDP in 2017 and public debt declined slightly to 81.7% of GDP in 2017 after reaching a post-war high of 84.6% in 2016.
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Source
: CIA |
Company name and address
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FUSSL MODESTRASSE Mayr GmbH Fusslplatz 32 A-4974 Ort Innkreis |
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Phone: |
(0043) 7751 8902 |
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Fax: |
(0043) 7751 8902 - 22 |
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E-mail: |
office@fussl.at |
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Internet: |
http://www.fussl.at |
Activities
ÖNACE 47710 100% Retail sale of clothing in specialised stores
Financial data
Financial details can also be entered during the period,
irrespective of the balance sheet date.
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total turnover (total sales) |
2017 |
EUR |
119.720.000,00 |
(estimated) |
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total turnover (total sales) |
2016 |
EUR |
117.954.979,36 |
(exact) |
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total turnover (total sales) |
2015 |
EUR |
116.183.230,60 |
(exact) |
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total turnover (total sales) |
2014 |
EUR |
114.059.642,60 |
(exact) |
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total turnover (total sales) |
2013 |
EUR |
105.908.174,97 |
(exact) |
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total stock |
2018 |
EUR |
9.643.000,00 |
(approx.) |
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total investments |
2016 |
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(no figures known) |
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total employees |
2018 |
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1120 |
(approx.) |
General company information
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Company name |
FUSSL MODESTRASSE Mayr GmbH |
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Year of incorporation |
1871 |
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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 2000-07-26 |
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Trade names |
17 & Co. |
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Companies house number |
FN 197996 x Ried im Innkreis since 2000-08-04 |
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Import |
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VAT number |
ATU 49682507 |
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number - Austrian National Bank |
4760824 |
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Last balance sheet: |
2016 |
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Banking connection |
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Locations
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operational |
A-4974 Ort Innkreis, Fusslplatz 32 |
registered headquarters, rented premises |
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0043 7751 8902 |
office@fussl.at |
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operational |
A-4974 Ort im Innkreis, Fusslplatz 32 |
registered office |
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former |
A-4974 Ort im Innkreis, Ort i.I. 32 |
registered office, |
Private data
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies'
house) |
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Karl Mayr |
1968-05-11 |
A-4974 Ort Innkreis Ort im Innkreis 32 |
manager, head of purchasing |
9 |
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Ernst Mayr |
1970-08-05 |
A-4974 Ort Innkreis Fusslstraße 32 |
manager, head of accounting, head of EDP |
10 |
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Mag. Maria Mayr |
1968-09-30 |
A-4974 Ort Innkreis Fusslstraße 32 |
individual signing clerk |
0 |
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Josef Pretzl |
1957-06-22 |
A-4760 Raab Kleinpireth 14 |
chairman of the supervisory board |
12 |
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Dr. Rainer Hans Rehfeld |
1947-07-05 |
D-22457 Hamburg Modering 5 |
deputy chairman of the supervisory board |
0 |
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Dr. Daniel Terberger |
1967-06-11 |
D-33619 Bielefeld Brunsiek 6 |
member of the supervisory board |
2 |
Business unit manager
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies'
house) |
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Martina Hillinger |
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A-4974 Ort Innkreis Fusslplatz 32(c/o) |
head of marketing |
0 |
Ownership structure and related companies
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Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
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Shares in this company are held by: |
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LPM Holding GmbH |
A-4974 Ort im Innkreis Fusslplatz 32 |
33,33 % |
2017-09-29 |
FN 478611 s |
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km beteiligung GmbH |
A-4974 Ort im Innkreis Fusslplatz 32 |
33,33 % |
2017-09-29 |
FN 478579 v |
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tr beteiligung GmbH |
A-4020 Linz Schillerstraße 12 |
33,33 % |
2016-03-16 |
FN 439754 y |
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Affiliated companies and further participations: |
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FUSSL Immobilien Mayr GmbH |
A-4974 Ort Innkreis Ort 32 |
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FN 152359 h |
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Fussl Akademie Mayr OG |
A-4974 Ort Innkreis Ort 32 |
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FN 254694 a |
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EM Immobilien GmbH |
A-4974 Ort Innkreis Fusslplatz 32 |
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FN 362727 y |
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Gewerbepark Ort GmbH |
A-4974 Ort im Innkreis Fusslplatz 32 |
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FN 451412 t |
Balance Sheet (absolute)
All amounts
in EUR
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2016-12-31 |
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Franchises, patents, licences, trademarks and similar rights and
advantages |
14.369,59 |
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Sum intangible assets |
14.369,59 |
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Land and leasehold rights with buildings thereon including
building on land owned by third parties |
3.320.094,57 |
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Other operating and business equipment |
3.160.108,91 |
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Technical plants and machines |
8.199,51 |
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Sum tangible assets |
6.488.402,99 |
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Shares on related firms |
25.000,00 |
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Other financial assets, values and securities of fixed assets |
5.094,36 |
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Sum financial assets |
30.094,36 |
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Sum fixed assets |
6.532.866,94 |
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Raw-, auxiliary materials and supplies |
35.407,04 |
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Finished products |
8.965.324,60 |
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Advanced payments |
642.670,85 |
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Sum stock |
9.643.402,49 |
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Claims from delivered goods and performed services |
386.041,60 |
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Claims against related firmes Claims against companies with
shareholding relationship |
177.691,69 |
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Other claims and assets |
1.118.891,39 |
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Sum claims |
1.682.624,68 |
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Latente Steuern |
478.708,44 |
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Cash on hand, cheques and bank deposits |
6.641.374,43 |
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Sum cash and bank |
6.641.374,43 |
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Sum current assets |
17.967.401,60 |
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Deferred charges |
237.473,06 |
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Sum deferred charges |
237.473,06 |
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Assets |
25.216.450,04 |
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Subscribed/declared capital |
56.000,00 |
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Legal reserves |
5.600,00 |
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Other reserves |
445.520,90 |
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Balance sheet profit/balance sheet loss |
9.899.077,00 |
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Thereof profit/loss carried forward |
896.049,00 |
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Sum equity capital |
10.406.197,90 |
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Reserves for severance pays |
1.966.773,29 |
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Reserves for pensions |
970.283,92 |
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Other reserves |
3.561.945,82 |
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Sum reserves |
6.499.003,03 |
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Liabilities against credit institutes |
6.764,71 |
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Received advanced payments for orders |
3.567.040,96 |
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Liabilities from delivered goods and performed services |
1.152.457,29 |
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Liabilities against shareholders |
5.546,85 |
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Other liabilities |
3.579.439,30 |
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Sum liabilities |
8.311.249,11 |
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Liabilities and shareholders'equity |
25.216.450,04 |
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Contingent liabilities |
2.865.571,84 |
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Balance sheet sum |
25.216.450,04 |
P / L Account (absolute)
All amounts in EUR
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2016-12-31 |
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Gross sales |
117.954.979,36 |
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Other manufacturing costs capitalized |
235.169,88 |
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Total turnover or gross profit |
118.190.149,24 |
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Profits from retirement of fixed assets, except financial assets |
16.783,33 |
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Income from dissolution of reserves |
1.000,00 |
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Other operating profits |
773.659,13 |
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Other operating profits totally |
791.442,46 |
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Material costs |
-51.111.768,98 |
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Costs for obtained services totally |
-51.111.768,98 |
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Salaries |
-20.811.775,41 |
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Other social fringe benefits |
-6.459.217,68 |
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Personnel expenses totally |
-27.270.993,09 |
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Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-2.492.348,84 |
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Depreciation tangible assets / intangible assets totally |
-2.492.348,84 |
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Other operating costs |
-26.716.141,09 |
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Total costs |
-26.716.141,09 |
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Operating result totally |
11.390.339,70 |
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Interest income, securties income and similar income |
4.318,08 |
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Interest and similar disbursements |
-40.458,41 |
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Financial profits totally |
-36.140,33 |
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Results from usual business activity totally |
11.354.199,37 |
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Taxes on income and profits |
-2.351.171,37 |
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Taxes on income and profits totally |
-2.351.171,37 |
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Annual surplus/annual deficit totally |
9.003.028,00 |
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Annual profit/annual loss totally |
9.003.028,00 |
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Profit and loss carried forward from previous year |
896.049,00 |
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Transfer of profits totally |
896.049,00 |
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B/S profit/ B/S loss from profit and loss account |
9.899.077,00 |
Key ratios
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2016 |
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Cashflow II |
11.495.376,84 |
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Debt amortisation period in years |
0,40 |
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Bank indebtedness |
0,03 |
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Equity capital share in % |
48,07 |
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Social capital share |
11,65 |
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Fixed assets coverage in % |
204,25 |
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Net profit ratio |
9,61 |
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Capital turnover |
4,69 |
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Return on investment in % |
45,19 |
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Cashflow in % of operating performance |
9,73 |
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Cashflow I |
13.846.548,21 |
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Gross productivity |
4,33 |
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Net productivity |
2,46 |
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Operating performance |
118.190.149,24 |
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Inventories in % of operating performance |
8,16 |
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Gross profit |
67.078.380,26 |
Commercial register
Source of data from commercial register: Republic of Austria
represented by the Federal Ministry of Justice
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firm (style) |
1 FUSSL MODESTRASSE Mayr GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
1 politischer Gemeinde Ort im Innkreis |
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business adress |
9 Fusslplatz 32 |
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capital |
1 EUR 56.000,00 |
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reference date annual accounts |
1 31.Dezember |
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annual accounts |
23 zum 31.12.2016 eingereicht am 28.09.2017 |
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power of representation |
1 Das Vertretungsrecht der Geschäftsführer wird mit dem |
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proxy |
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C Mag. Maria Mayr, geb.
30.09.1968 |
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supervisory board |
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I Dr. Daniel Terberger,
geb. 11.06.1967 |
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managing director |
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A Karl Mayr, geb. 11.05.1968 |
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shareholder |
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general table |
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Historical development
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Year of incorporation |
1871 |
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Date of registration |
2000-08-04 |
Former
executives
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from |
to |
position |
name |
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2000-08-04 |
2017-09-29 |
partner |
Ernst Mayr |
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2008-09-16 |
2016-03-16 |
chairman of the supervisory board |
Karl Mayr |
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2000-08-04 |
2017-09-29 |
partner |
Karl Mayr |
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2008-09-16 |
2016-03-16 |
deputy chairman of the supervisory board |
Franz Zauner |
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2016-03-16 |
2017-09-27 |
chairman of the supervisory board |
Franz Zauner |
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2008-09-16 |
2016-03-16 |
member of the supervisory board |
Berta Mayr |
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2008-12-19 |
2016-03-16 |
member of the supervisory board |
Martin Mayr |
Former
shareholders
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from |
to |
position |
name |
birth date |
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2000-08-04 |
2017-09-29 |
partner |
Ernst Mayr |
1970-08-05 |
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2000-08-04 |
2017-09-29 |
partner |
Karl Mayr |
1968-05-11 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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|
1 |
INR 91.46 |
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Euro |
1 |
INR 80.09 |
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Euro |
1 |
INR 80.07 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
;PRA |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.