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MIRA
INFORM REPORT
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Report No. : |
504949 |
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Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
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Name : |
STRASSER STEINE GMBH |
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Registered Office : |
Steinstraße 1,
A-4113 Sankt Martin im Mühlkreis |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
04.05.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Cutting, shaping and finishing of stone |
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No. of Employees : |
210 [2018] |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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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A-4113 Sankt
Martin im Mühlkreis |
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Activities
ÖNACE 23700 100% Cutting, shaping and finishing of stone
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 |
30.000.000,00 |
(approx.) |
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total turnover (total sales) |
2016 |
EUR |
26.399.729,79 |
(exact) |
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total turnover (total sales) |
2015 |
EUR |
22.100.000,00 |
(approx.) |
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total turnover (total sales) |
2014 |
EUR |
20.400.000,00 |
(approx.) |
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total turnover (total sales) |
2013 |
EUR |
18.700.000,00 |
(approx.) |
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total stock |
2018 |
EUR |
3.300.000,00 |
(approx.) |
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total investments |
2016 |
EUR |
1.098.276,75 |
(exact) |
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total company vehicles |
2018 |
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35 |
(approx.) |
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total employees |
2018 |
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210 |
(approx.) |
General company information
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Company name |
STRASSER Steine GmbH |
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Year of incorporation |
2004 |
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Type of company |
Manufacturing |
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Legal form |
limited liability company since 2004-05-04 |
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Companies house number |
FN 247893 z Linz since 2004-05-04 |
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Import |
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Export |
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ARA-number |
14618 |
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VAT number |
ATU 57888922 |
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number - Austrian National Bank |
6436870 |
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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-4113 St. Martin im Mühlkreis, Steinstraße 1 |
registered office |
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operational |
A-4113 Sankt Martin im Mühlkreis, Steinstraße 1 |
registered headquarters, rented premises |
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0043 7232 2227 |
office@strasser-steine.at fibu@strasser-steine.at |
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operational |
A-4113 Sankt Martin im Mühlkreis, Erdmannsdorf 27 |
main production, rented premises |
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operational |
A-4020 Linz, Friedhofstraße 26 |
branch office, rented premises |
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operational |
A-4040 Linz, Urnenhainweg 4 |
branch office, construction on top building owned |
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0043 732 736223 |
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operational |
A-4240 Freistadt, Linzer Straße 50 |
branch office, rented premises |
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operational |
A-4070 Eferding, Josef-Mitter-Platz 4 |
branch office, rented premises |
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operational |
A-4400 Steyr, Industriestraße 12 |
branch office, rented premises |
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operational |
A-4614 Marchtrenk, Kirchengasse 4 |
branch office, construction on top building owned |
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former |
A-4113 St. Martin im Mühlkreis, Kirchenstr. 6 |
registered office, |
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former |
A-4113 St. Martin Mühlkreis, Kirchenstraße 6 |
registered headquarters |
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former |
A-4240 Freistadt, Linzerstraße 55 |
branch office |
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former |
A-4320 Perg, Linzerstraße 66 |
branch office |
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former |
A-4470 Enns, Lauriacumstraße 1 |
branch office |
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former |
A-4320 Perg, Hauptplatz 1 |
branch 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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Johannes Artmayr |
1957-10-17 |
A-5310 St. Lorenz Schwarzindien 101 |
manager |
19 |
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Robert Butz |
1968-06-18 |
A-4113 St. Martin Mühlkreis Kirchenstraße 6(c/o) |
joint signing clerk |
2 |
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Mag. Harald Wegscheider |
1960-04-25 |
A-5310 Mondsee Sonnenhang 15 |
joint signing clerk |
25 |
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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Franz Rabeder |
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A-4113 St. Martin Mühlkreis Kirchenstraße 6(c/o) |
head of accounting |
0 |
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Dieter Mayer |
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A-4113 St. Martin Mühlkreis Kirchenstraße 6(c/o) |
head of purchasing |
0 |
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Herbert Fidler |
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A-4113 St. Martin Mühlkreis Kirchenstraße 6(c/o) |
head of EDP |
0 |
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Karoline Braun |
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A-4113 St. Martin Mühlkreis Kirchenstraße 6(c/o) |
head of personnel |
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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STRASSER Stone Holding GmbH |
A-4113 St. Martin Mühlkreis Steinstraße 1 |
100 % |
2005-02-03 |
FN 251406 s |
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Affiliated companies and further participations: |
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MB Immobilien Errichtungs- und Verwertungs GmbH |
A-4113 St. Martin Mühlkreis Kirchenstraße 6 |
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FN 265677 b |
Financials
Balance
Sheet (absolute) all amounts in EUR
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|
2016-12-31 |
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Other intangible assets |
36.424,76 |
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Goodwill |
47.466,63 |
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Sum intangible assets |
83.891,39 |
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Land and leasehold rights with buildings thereon
including building on land owned by third parties |
83.824,21 |
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Special account plants and machines |
2.219.039,83 |
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Other operating and business equipment |
787.942,87 |
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Advanced payments and constructions in progress |
198.000,00 |
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Sum tangible assets |
3.288.806,91 |
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Shares on related firms |
25.000,00 |
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Special account financial assets |
132.347,90 |
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Sum financial assets |
157.347,90 |
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Sum fixed assets |
3.530.046,20 |
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Stocks |
3.288.788,68 |
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Sum stock |
3.288.788,68 |
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Claims against related firmes Claims against companies
with shareholding relationship |
2.016.680,94 |
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Other claims and assets |
2.566.776,74 |
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Sum claims |
4.583.457,68 |
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Latente Steuern |
88.273,00 |
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Cash on hand, cheques and bank deposits |
104.894,12 |
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Sum cash and bank |
104.894,12 |
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Sum current assets |
7.977.140,48 |
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Deferred charges |
103.754,86 |
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Sum deferred charges |
103.754,86 |
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Assets |
11.699.214,54 |
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Subscribed/declared capital |
35.000,00 |
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Balance sheet profit/balance sheet loss |
3.219.207,53 |
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Thereof profit/loss carried forward |
2.987.302,53 |
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Sum equity capital |
3.254.207,53 |
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Investment contributions |
82.678,17 |
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Sum floor capital |
82.678,17 |
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Reserves for pensions |
56.304,57 |
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Other reserves |
770.200,00 |
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Sum reserves |
826.504,57 |
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Liabilities against credit institutes |
4.539.493,39 |
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Other liabilities |
2.996.330,88 |
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Sum liabilities |
7.535.824,27 |
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Liabilities and shareholders'equity |
11.699.214,54 |
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Balance sheet sum |
11.699.214,54 |
P / L
Account (absolute) all amounts in EUR
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2016-12-31 |
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Gross profit |
16.840.662,86 |
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Total turnover or gross profit |
16.840.662,86 |
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Profits from retirement of fixed assets, except
financial assets |
13.416,60 |
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Income from dissolution of reserves |
8.200,00 |
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Other operating profits |
116.959,71 |
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Other operating profits totally |
138.576,31 |
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Wages |
-4.181.027,31 |
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Salaries |
-3.186.496,04 |
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Other social fringe benefits |
-2.453.422,19 |
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Personnel expenses totally |
-9.820.945,54 |
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Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business operation |
-604.941,05 |
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Depreciation tangible assets / intangible assets
totally |
-604.941,05 |
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Other operating costs |
-6.219.838,59 |
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Total costs |
-6.219.838,59 |
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Operating result totally |
333.513,99 |
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Interest income, securties income and similar income |
71.302,27 |
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Interest and similar disbursements |
-188.039,26 |
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Financial profits totally |
-116.736,99 |
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Results from usual business activity totally |
216.777,00 |
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Taxes on income and profits |
15.128,00 |
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Taxes on income and profits totally |
15.128,00 |
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Annual surplus/annual deficit totally |
231.905,00 |
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Annual profit/annual loss totally |
231.905,00 |
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Profit and loss carried forward from previous year |
2.987.302,53 |
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Transfer of profits totally |
2.987.302,53 |
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B/S profit/ B/S loss from profit and loss account |
3.219.207,53 |
Key ratios
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2016 |
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Cashflow II |
836.846,05 |
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Debt amortisation period in years |
9,87 |
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Bank indebtedness |
38,80 |
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Equity capital share in % |
28,52 |
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Social capital share |
0,48 |
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Fixed assets coverage in % |
96,12 |
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Return on investment in % |
3,46 |
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Cashflow I |
821.718,05 |
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Gross profit |
16.840.662,86 |
Commercial register
Source of data from commercial register: Republic of
Austria represented by the Federal Ministry of Justice
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firm (style) |
15 STRASSER Steine GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
1 politischer Gemeinde Sankt Martin im Mühlkreis |
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business adress |
19 Steinstraße 1 |
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capital |
1 EUR 35.000,00 |
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reference date annual accounts |
2 31.Dezember |
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annual accounts |
26 zum 31.12.2016 eingereicht am 25.09.2017 |
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power of representation |
1 Die Generalversammlung bestimmt, wenn mehrere
Geschäfts- |
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proxy |
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J Mag. Harald
Wegscheider, geb. 25.04.1960 |
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managing director |
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D Johannes
Artmayr, geb. 17.10.1957 |
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shareholder |
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general table |
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Historical development
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Year of incorporation |
2004 |
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Date of registration |
2004-05-04 |
Change of company name
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from |
to |
company name |
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2004-05-04 |
2009-12-18 |
Strasser Optima Steinbau GmbH |
Former executives
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from |
to |
position |
name |
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2006-12-01 |
2014-02-11 |
joint signing clerk |
Franz Rabeder |
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2005-02-12 |
2006-06-27 |
manager |
Josef Höglinger |
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2006-06-27 |
2006-12-01 |
joint signing clerk |
Josef Höglinger |
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2008-07-04 |
2009-05-20 |
joint signing clerk |
Reinhard Bill |
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2009-05-20 |
2014-02-11 |
joint signing clerk |
Stefan Hinterberger |
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2004-05-04 |
2005-02-12 |
manager |
Johann Fraundorfer |
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2006-06-27 |
2008-07-04 |
joint signing clerk |
Helmut Höllhuber |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.68 |
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|
1 |
INR 93.98 |
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Euro |
1 |
INR 81.30 |
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Euro |
1 |
INR 81.48 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIY |
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Report Prepared
by : |
SYL |
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 |
|
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.