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MIRA INFORM REPORT
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Report No. : |
501621 |
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Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
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Name : |
CURA-MARKETING GMBH |
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Registered Office : |
Dr. Franz Wernerstrabe 19, A-6020 Innsbruck |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
09.02.1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Wholesale of perfume and cosmetics · Manufacture of perfumes and toilet preparations |
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No. of Employees : |
73 [Approx. - 2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Austria |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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.
|
Source
: CIA |
Company name & address
Phone: (0043) 512 262676
Fax: (0043) 512 262676 - 20
E-mail: office@cura.co.at
Activities
ÖNACE 46450 60% Wholesale of perfume and cosmetics
ÖNACE 20420 40% Manufacture of perfumes and toilet preparations
Financial
data
Financial details can also be entered during the period, irrespective of
the balance sheet date.
|
Total Turnover (Total Sales) |
2017 |
EUR |
32.480.000,00 |
(estimated) |
|
Total Turnover (Total Sales) |
2016 |
EUR |
32.000.000,00 |
(approx.) |
|
Total Turnover (Total Sales) |
2015 |
EUR |
30.000.000,00 |
(approx.) |
|
Total Turnover (Total Sales) |
2014 |
EUR |
25.000.000,00 |
(approx.) |
|
Total Turnover (Total Sales) |
2013 |
EUR |
25.000.000,00 |
(approx.) |
|
Total Stock |
2018 |
EUR |
8.222.000,00 |
(approx.) |
|
Total Investments |
2014 |
EUR |
679.356,35 |
(exact) |
|
Total Company Vehicles |
2018 |
|
14 |
(approx.) |
|
Total Employees |
2018 |
|
73 |
(approx.) |
General company information
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Company name |
CURA-Marketing GmbH |
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Year of incorporation |
1999 |
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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 1999-02-09 |
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Trade names |
LACURA |
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Trade names |
Wellments |
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Trade names |
Spirit |
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Trade names |
Vitasens |
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Trade names |
Ultrasun |
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Trade names |
Judith Williams |
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Companies house number |
FN 178837 x Innsbruck since 1999-02-09 |
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Import |
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Export |
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VAT number |
ATU 46239306 |
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ARA-number |
11641 |
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number - Austrian National Bank |
4177568 |
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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-6020 Innsbruck, Dr. Franz Wernerstraße 19 |
address according to licence of trade, owned property |
|
operational |
A-6020 Innsbruck, Dr. Franz Wernerstraße 19 |
registered headquarters, owned property |
|
|
0043 512 262676 |
office@cura.co.at |
|
operational |
A-6020 Innsbruck, Dörrstraße 81 |
warehouse, rented premises |
|
operational |
A-6020 Innsbruck, Dr.-Franz-Werner-Straße 19 |
registered office |
|
former |
A-6063 Rum, Kaplanstraße 2 |
registered headquarters |
|
former |
A-6020 Innsbruck, Holzgasse 18 |
registered headquarters |
|
former |
A-6063 Rum, Kaplanstraße 2 |
registered office, |
|
former |
A-6020 Innsbruck, Holzgasse 18 |
registered office, |
Private
data
|
Surname |
Date of birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Roland Kohl |
1955-07-30 |
A-6020 Innsbruck Roseggerstraße 32a |
manager, partner, head of accounting, head of marketing, head of personnel |
8 |
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Mag. Gerhard Kaiser |
1967-08-06 |
A-6020 Innsbruck Stafflerstrasse 9 |
partner, joint signing clerk, head of purchasing |
2 |
|
Hannes Kohl |
1983-01-15 |
A-6020 Innsbruck Roseggerstraße 32 |
partner, joint signing clerk |
0 |
|
Manuel Reinalter |
1982-10-04 |
A-6020 Innsbruck Resselstraße 17/11 |
partner, joint signing clerk |
0 |
|
Dr. Germano Scarpa |
1959-06-04 |
I-33100 Udine Via Gorizia 9 |
partner |
0 |
|
Judith Williams |
1971-09-18 |
D-82211 Herrsching Seeblickstraße 65 |
partner |
0 |
Business unit manager
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Mag. Manuel Reinalter |
|
A-6020 Innsbruck Holzgasse 18 c/o(c/o) |
head of sales |
0 |
|
Hannes Kohl |
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A-6020 Innsbruck Holzgasse 18(c/o) |
head of marketing |
0 |
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Karin Niedrist |
|
A-6020 Innsbruck Holzgasse 18(c/o) |
head of personnel |
0 |
Ownership
structure and related companies
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
|
Shares in this company are held by: |
||||
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Judith Williams GmbH |
D-82211 Herrsching Friedhofweg Nr. 3b |
46,11 % |
2017-11-28 |
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Roland Kohl |
A-6020 Innsbruck Roseggerstraße 32a |
15,04 % |
1999-02-09 |
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Judith Williams |
D-82211 Herrsching Seeblickstraße 65 |
14,15 % |
2008-04-18 |
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Dr. Germano Scarpa |
I-33100 Udine Via Gorizia 9 |
9,7 % |
2009-07-01 |
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Hannes Kohl |
A-6020 Innsbruck Roseggerstraße 32 |
5 % |
2017-11-29 |
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Mag. Gerhard Kaiser |
A-6020 Innsbruck Stafflerstrasse 9 |
5 % |
1999-02-09 |
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Manuel Reinalter |
A-6020 Innsbruck Resselstraße 17/11 |
5 % |
2017-11-28 |
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This company holds 50% to 99% of the shares in: |
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CURA-Beauty GmbH |
A-6020 Innsbruck Dr. Franz Wernerstraße 19 |
55 % |
2015-10-09 |
FN 439831 k |
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Affiliated companies and further participations: |
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Grüntech GmbH |
A-6020 Innsbruck Dr. Franz Wernerstraße 19 |
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|
FN 363447 g |
Balance Sheet (absolute) all amounts in EUR
|
|
2016-12-31 |
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Other intangible assets |
157.310,99 |
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Sum intangible assets |
157.310,99 |
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|
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Land and leasehold rights with buildings thereon including building on
land owned by third parties |
6.019.659,61 |
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Other operating and business equipment |
251.064,11 |
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Technical plants and machines |
339.374,97 |
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Advanced payments and constructions in progress |
33.386,00 |
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Sum tangible assets |
6.643.484,69 |
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Shares on related firms |
473.514,61 |
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Other shareholdings |
19.500,00 |
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Special account financial assets |
316.296,99 |
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Sum financial assets |
809.311,60 |
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Sum fixed assets |
7.610.107,28 |
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|
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Stocks |
8.222.442,94 |
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Sum stock |
8.222.442,94 |
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|
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Claims against companies with shareholding relationship |
195.629,53 |
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Claims against related firmes Claims against companies with
shareholding relationship |
1.047.943,56 |
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Other claims and assets |
1.386.189,84 |
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Sum claims |
2.629.762,93 |
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Latente Steuern |
87.567,83 |
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Cash on hand, cheques and bank deposits |
145.476,18 |
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Sum cash and bank |
145.476,18 |
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Sum current assets |
10.997.682,05 |
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Deferred charges |
22.954,38 |
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Sum deferred charges |
22.954,38 |
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Assets |
18.718.311,54 |
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Subscribed/declared capital |
1.505.433,00 |
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Other reserves |
45.915,49 |
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Balance sheet profit/balance sheet loss |
5.747.353,64 |
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Thereof profit/loss carried forward |
3.546.452,53 |
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Sum equity capital |
7.298.702,13 |
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Reserves for severance pays |
72.266,61 |
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Reserves for pensions |
352.622,70 |
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Other reserves |
744.957,55 |
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Sum reserves |
1.169.846,86 |
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Liabilities against credit institutes |
5.477.257,38 |
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Liabilities against firm with shareholding relationship |
4.000,00 |
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Other liabilities |
4.768.505,17 |
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Sum liabilities |
10.249.762,55 |
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Liabilities and shareholders'equity |
18.718.311,54 |
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Balance sheet sum |
18.718.311,54 |
P / L Account (absolute) all amounts in EUR
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|
2016-12-31 |
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Gross profit |
14.988.212,91 |
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Total turnover or gross profit |
14.988.212,91 |
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|
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Other operating profits |
122.200,38 |
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Other operating profits totally |
122.200,38 |
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Wages |
-469.154,35 |
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Salaries |
-2.525.638,24 |
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Other social fringe benefits |
-1.380.160,59 |
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Personnel expenses totally |
-4.374.953,18 |
|
|
|
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Depreciation of intangible assets, tangible assets, activated expenses
for the set up and expansion of business operation |
-474.189,78 |
|
Depreciation tangible assets / intangible assets totally |
-474.189,78 |
|
|
|
|
Other operating costs |
-7.517.664,97 |
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Total costs |
-7.517.664,97 |
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Operating result totally |
2.743.605,36 |
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Profits from shareholdings |
235.905,57 |
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Interest income, securties income and similar income |
1.865,54 |
|
Interest and similar disbursements |
-151.848,16 |
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Financial profits totally |
85.922,95 |
|
|
|
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Results from usual business activity totally |
2.829.528,31 |
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|
|
|
Taxes on income and profits |
-628.627,20 |
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Taxes on income and profits totally |
-628.627,20 |
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|
|
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Annual surplus/annual deficit totally |
2.200.901,11 |
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Annual profit/annual loss totally |
2.200.901,11 |
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|
|
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Profit and loss carried forward from previous year |
3.546.452,53 |
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Transfer of profits totally |
3.546.452,53 |
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
5.747.353,64 |
Key ratios
|
|
2016 |
|
Cashflow II |
2.675.090,89 |
|
Debt amortisation period in years |
4,21 |
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Bank indebtedness |
29,26 |
|
Equity capital share in % |
38,99 |
|
Social capital share |
2,27 |
|
Fixed assets coverage in % |
101,49 |
|
Return on investment in % |
15,93 |
|
Cashflow I |
3.303.718,09 |
|
Gross profit |
14.988.212,91 |
Land Register
|
Last check |
2015-12-03 |
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Entry number |
Cadastral community |
Journal number |
|
821 |
Mühlau
T 81121 |
774/2015 |
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Section A – Type Of Property: |
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Section B – Ownership Structure: |
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Section C – Encumbrances: |
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|
Commercial
register
Source of data from commercial register: Republic of Austria represented
by the Federal Ministry of Justice
|
Firm (Style) |
3 CURA-Marketing GmbH |
|
Legal Form |
1 Gesellschaft mit beschränkter Haftung |
|
Registered Office |
9 politischer Gemeinde Innsbruck |
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Business Adress |
35 Dr.-Franz-Werner-Straße 19 |
|
Capital |
31 EUR 1.505.433,00 |
|
Reference Date Annual Accounts |
1 31.Dezember |
|
Annual Accounts |
37 zum 31.12.2016 eingereicht am
27.09.2017 |
|
Power Of Representation |
39 Die Gesellschaft wird, wenn mehrere
Geschäftsführer/innen |
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|
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Proxy |
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C
Mag. Gerhard Kaiser, Geb. 06.08.1967 |
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Managing Director |
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A
Roland Kohl, Geb. 30.07.1955 |
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Shareholder |
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General Table |
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Historical
development
|
Year of incorporation |
1999 |
|
Date of registration |
1999-02-09 |
Change
of company name
|
From |
To |
Company Name |
|
1999-02-09 |
1999-03-24 |
LACURA - Marketing GmbH |
Change
in share capital
|
From |
To |
Asset |
|
|
1999-02-09 |
2000-03-03 |
EUR |
420.000,00 |
|
2000-03-03 |
2002-02-09 |
EUR |
564.000,00 |
|
2002-02-09 |
2004-11-23 |
EUR |
639.000,00 |
|
2004-11-23 |
2006-05-10 |
EUR |
853.138,00 |
|
2006-05-10 |
2011-01-11 |
EUR |
1.003.138,00 |
|
2011-01-11 |
2013-02-20 |
EUR |
1.203.138,00 |
Former
executives
|
From |
To |
Position |
Name |
|
2002-02-09 |
2017-11-28 |
partner |
Terence Chen |
|
2000-03-03 |
2017-11-28 |
partner |
Marc Rösti |
|
1999-02-09 |
2008-04-18 |
partner |
August Auckenthaler |
|
2004-11-23 |
2006-01-17 |
partner |
Alexander Brandstätter |
|
1999-02-09 |
2013-02-06 |
partner |
Richard Wörz |
|
2011-01-11 |
2017-11-28 |
partner |
Mirjana von Borstel Maisch |
|
1999-02-09 |
2017-11-28 |
partner |
Doris Tschopfer Wörz |
Former
shareholders
|
From |
To |
Position |
Name |
Birth Date |
|
2011-01-11 |
2017-11-28 |
partner |
Mirjana von Borstel Maisch |
1957-12-05 |
|
1999-02-09 |
2017-11-28 |
partner |
Doris Tschopfer Wörz |
1968-06-13 |
|
2004-11-23 |
2006-01-17 |
partner |
Tiroler Tuchfabrik Baur-Foradori Ges.m.b.H. |
|
|
2002-02-09 |
2017-11-28 |
partner |
Terence Chen |
1976-03-01 |
|
2006-05-10 |
2009-07-01 |
partner |
Technologic Productions d.o.o. |
|
|
2000-03-03 |
2017-11-28 |
partner |
Marc Rösti |
1946-04-07 |
|
1999-02-09 |
2008-04-18 |
partner |
August Auckenthaler |
1958-10-11 |
|
2004-11-23 |
2006-01-17 |
partner |
Alexander Brandstätter |
1967-01-14 |
|
1999-02-09 |
2013-02-06 |
partner |
Richard Wörz |
1936-04-04 |
|
2006-05-10 |
2012-01-28 |
partner |
Baumgartner Werbeagentur GmbH |
|
Former
shareholdings
|
From |
To |
Company Name |
|
2011-01-26 |
2015-11-25 |
Vitasens Cosmetic GmbH in Liquidation |
|
1999-09-08 |
2006-01-05 |
wellments Vertriebs-GmbH in Liqu. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 79.79 |
|
Euro |
1 |
INR 79.95 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.