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MIRA INFORM REPORT
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Report No. : |
503887 |
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Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
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Name : |
LUMPI-BERNDORF DRAHT- UND SEILWERK GMBH |
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Registered Office : |
Binderlandweg 7, A-4030 Linz |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
07.10.2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Wire Products, Chain and Springs |
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No. of Employees : |
110 [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 : |
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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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
& address
LUMPI-BERNDORF DRAHT- UND SEILWERK GMBH
Phone: (0043) 732 383848
Fax: (0043) 732 38384820
E-mail: office@lumpi-berndorf.at
Internet: http://www.lumpi-berndorf.at
Activities
ÖNACE 25930 100% Manufacture of wire products, chain and springs
Financial
data
Financial details can also be entered during the period, irrespective of
the balance sheet date.
|
Total Turnover (Total Sales) |
2017 |
EUR |
37.000.000,00 |
(estimated) |
|
Total Turnover (Total Sales) |
2016 |
EUR |
37.270.784,31 |
(exact) |
|
Total Turnover (Total Sales) |
2015 |
EUR |
39.929.200,00 |
(exact) |
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Total Turnover (Total Sales) |
2014 |
EUR |
34.957.000,00 |
(exact) |
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Total Turnover (Total Sales) |
2013 |
EUR |
30.000.000,00 |
(approx.) |
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Total Stock |
2018 |
EUR |
4.000.000,00 |
(approx.) |
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Total Investments |
2016 |
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|
(no figures known) |
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Total Company Vehicles |
2018 |
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7 |
(approx.) |
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Total Employees |
2018 |
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110 |
(approx.) |
General company information
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Company name |
Lumpi-Berndorf Draht- und Seilwerk GmbH |
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Year of incorporation |
2005 |
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Type of company |
Manufacturing |
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Legal form |
Limited Liability Company since 2005-10-07 |
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Companies house number |
FN 267805 g Linz since 2005-10-07 |
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Import |
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Export |
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VAT number |
ATU 61973813 |
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number - Austrian National Bank |
7114010 |
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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-4030 Linz, Binderlandweg 7 |
registered office |
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operational |
A-4030 Linz, Binderlandweg 7 |
registered headquarters, rented premises |
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0043 732 383848 |
office@lumpi-berndorf.at |
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operational |
A-2560 Berndorf, Leobersdorferstraße 26 |
branch office, rented premises |
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|
0043 2672 83595 |
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Private
data
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Ing. Norbert Hadinger |
1973-06-25 |
A-4600 Schleißheim Dorfstraße 12 |
manager |
0 |
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Rainer Pürzelmayer |
1970-02-03 |
A-2344 Maria Enzersdorf Kaiserin Elisabethstraße 9 |
individual signing clerk |
1 |
Business unit manager
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Karin Abt Weiss |
1959-12-14 |
A-1100 Wien Jagdgasse 2 D-E/Stg. 5/4/15 |
head of accounting |
0 |
Ownership
structure and related companies
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
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Shares in this company are held by: |
||||
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Joh. Pengg Aktiengesellschaft |
A-8621 Thörl - |
100 % |
2014-11-25 |
FN 42384 f |
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Affiliated companies and further participations: |
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Pengg Austria GmbH |
A-8621 Thörl - |
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FN 294503 v |
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 |
565.990,34 |
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Sum intangible assets |
565.990,34 |
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Other tangible assets |
696.650,18 |
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Other operating and business equipment |
1.590.747,38 |
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Technical plants and machines |
3.064.425,55 |
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Advanced payments and constructions in progress |
64.866,13 |
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Sum tangible assets |
5.416.689,24 |
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Other financial assets, values and securities of fixed assets |
254.535,78 |
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Sum financial assets |
254.535,78 |
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Sum fixed assets |
6.237.215,36 |
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Raw-, auxiliary materials and supplies |
4.094.641,79 |
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Unfinished products |
1.476.122,20 |
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Finished products |
2.165.768,03 |
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Sum stock |
7.736.532,02 |
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Claims from delivered goods and performed services |
4.177.518,94 |
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Claims against companies with shareholding relationship |
8.535,51 |
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Other claims and assets |
166.179,30 |
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Sum claims |
4.352.233,75 |
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Cash on hand, cheques and bank deposits |
1.610.493,56 |
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Sum cash and bank |
1.610.493,56 |
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Sonstige Aktiva |
298.003,00 |
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Sum current assets |
13.699.259,33 |
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Deferred charges |
416.895,78 |
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Sum deferred charges |
416.895,78 |
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Assets |
20.651.373,47 |
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Subscribed/declared capital |
1.200.000,00 |
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Not committed capital reserves |
2.900.000,00 |
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Free reserves |
1.700.000,00 |
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Balance sheet profit/balance sheet loss |
1.182.855,52 |
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Thereof profit/loss carried forward |
126.128,87 |
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Sum equity capital |
6.982.855,52 |
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Reserves for severance pays |
574.219,00 |
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Reserves for pensions |
14.378,12 |
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Tax reserves |
205.226,00 |
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Other reserves |
745.027,23 |
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Sum reserves |
1.538.850,35 |
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Liabilities against credit institutes |
9.092.493,42 |
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Liabilities from delivered goods and performed services |
1.216.363,50 |
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Liabilities against firm with shareholding relationship |
1.500.000,00 |
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Other liabilities |
320.810,68 |
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Sum liabilities |
12.129.667,60 |
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Liabilities and shareholders'equity |
20.651.373,47 |
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Contingent liabilities |
5.105.747,88 |
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Balance sheet sum |
20.651.373,47 |
P / L Account (absolute) all amounts in EUR
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|
2016-12-31 |
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Gross sales |
37.270.784,31 |
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Increase or decrease in finished and unfinished goods and in service
claims |
826.687,72 |
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Total turnover or gross profit |
38.097.472,03 |
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Profits from retirement of fixed assets, except financial assets |
12.667,36 |
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Special account other operating profits |
1.195,20 |
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Income from dissolution of reserves |
8.000,00 |
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Other operating profits |
121.588,89 |
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Other operating profits totally |
143.451,45 |
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Costs for obtained services |
-992.171,85 |
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Material costs |
-23.889.019,68 |
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Costs for obtained services totally |
-24.881.191,53 |
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Wages |
-2.889.893,93 |
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Salaries |
-1.928.523,58 |
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Costs for severance pays |
-67.555,45 |
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Costs for old age pension |
-2.065,84 |
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Legal fringe benefits and other payments depending on salaries |
-1.369.338,59 |
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Other social fringe benefits |
-157.131,45 |
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Personnel expenses totally |
-6.414.508,84 |
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Depreciation of intangible assets, tangible assets,activated expenses for
the set up and expansion of business operation |
-1.290.704,75 |
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Depreciation tangible assets / intangible assets totally |
-1.290.704,75 |
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Other operating costs |
-4.058.438,70 |
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Other taxes |
-79.633,59 |
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Total costs |
-4.138.072,29 |
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Operating result totally |
1.516.446,07 |
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Income from other securities and loans of financial assets |
4.659,17 |
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Interest income, securties income and similar income |
6,45 |
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Profits from the retirement of and investment in financial assets |
18.470,00 |
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Disbursements from other financial assets and from securities of
current assets (e.g. depreciations) |
-128.734,86 |
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Interest and similar disbursements |
-411.293,18 |
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Financial profits totally |
-516.892,42 |
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Results from usual business activity totally |
999.553,65 |
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Taxes on income and profits |
57.173,00 |
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Taxes on income and profits totally |
57.173,00 |
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Annual surplus/annual deficit totally |
1.056.726,65 |
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Annual profit/annual loss totally |
1.056.726,65 |
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Profit and loss carried forward from previous year |
126.128,87 |
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Transfer of profits totally |
126.128,87 |
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B/S profit/ B/S loss from profit and loss account |
1.182.855,52 |
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Key ratios
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|
2016 |
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Cashflow II |
2.347.431,40 |
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Debt amortisation period in years |
5,14 |
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Bank indebtedness |
44,03 |
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Equity capital share in % |
33,81 |
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Social capital share |
2,85 |
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Fixed assets coverage in % |
121,39 |
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Net profit ratio |
2,62 |
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Capital turnover |
1,84 |
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Return on investment in % |
6,83 |
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Cashflow in % of operating performance |
6,16 |
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Cashflow I |
2.290.258,40 |
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Gross productivity |
5,94 |
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Net productivity |
2,06 |
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Operating performance |
38.097.472,03 |
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Inventories in % of operating performance |
20,31 |
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Gross profit |
13.216.280,50 |
Commercial
register
Source of data from commercial register: Republic of Austria represented
by the Federal Ministry of Justice
|
Firm (Style) |
1 Lumpi-Berndorf Draht- und Seilwerk GmbH |
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Legal Form |
1 Gesellschaft mit beschränkter Haftung |
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Registered Office |
1 politischer Gemeinde Linz |
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Business Adress |
1 Binderlandweg 7 |
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Capital |
17 EUR 1.200.000,00 |
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Reference Date Annual Accounts |
1 31.Dezember |
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Annual Accounts |
23 zum 31.12.2016 eingereicht am 05.09.2017 |
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Power Of Representation |
6 Die Gesellschaft wird, wenn mehrere
Geschäftsführer |
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Proxy |
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|
G
Rainer Pürzelmayer, Geb. 03.02.1970 |
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Managing
Director |
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F
Ing. Norbert Hadinger, Geb. 25.06.1973 |
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Shareholder |
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General Table |
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Historical
development
|
Year of incorporation |
2005 |
|
Date of registration |
2005-10-07 |
Change in share capital
|
From |
To |
Asset |
|
|
2005-10-07 |
2013-12-28 |
EUR |
200.000,00 |
Former executives
|
From |
To |
Position |
Name |
|
2005-10-07 |
2012-07-24 |
manager |
Peter Fiers |
Former shareholders
|
From |
To |
Position |
Name |
|
2005-10-07 |
2017-03-04 |
partner |
Ing. Josef Lumpi Draht- und Seiltechnik GmbH |
|
2007-01-09 |
2014-11-25 |
partner |
Berndorf-Privatstiftung |
|
2005-10-07 |
2007-01-09 |
partner |
Berndorf F.A.S. Ges.m.b.H. & Co. KG |
|
2007-01-09 |
2014-11-25 |
partner |
Berndorf Aktiengesellschaft |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.61 |
|
|
1 |
INR 94.21 |
|
Euro |
1 |
INR 81.32 |
|
Euro |
1 |
INR 81.10 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.