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|
MIRA INFORM REPORT
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Report No. : |
505587 |
|
Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
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|
Registered Office : |
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|
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|
Country : |
Austria |
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|
|
|
Financials (as on) : |
31.03.2017 |
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Date of Incorporation : |
1987 |
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|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Engineering
activities and related technical consultancy ·
Construction
of other non-residential buildings ·
Manufacture
of other general-purpose machinery n.e.c ·
Manufacture
of machinery for mining, quarrying and construction ·
Manufacture
of metal forming machinery |
|
|
|
|
No. of Employees : |
1376 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
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 and address
|
Primetals
Technologies Austria GmbH Turmstraße
44 A-4031
Linz |
|
||
|
Phone: |
(0043)
732 6592 |
|
|
|
Fax: |
(0043)
732 6980 |
|
|
|
E-mail: |
contact@primetals.com |
|
|
|
Internet: |
http://www.primetals.com |
|
|
Activities
ÖNACE
71120 30% Engineering activities and related technical consultancy
ÖNACE
41209 30% Construction of other non-residential buildings
ÖNACE
28290 20% Manufacture of other general-purpose machinery n.e.c.
ÖNACE
28920 10% Manufacture of machinery for mining, quarrying and construction
ÖNACE
28410 10% Manufacture of metal forming machinery
Financial data
Financial
details can also be entered during the period, irrespective of the balance
sheet date.
|
total
turnover (total sales) |
2016 |
EUR |
381.236.649,00 |
(exact) |
|
total
turnover (total sales) |
2015 |
EUR |
708.713.023,00 |
(exact) |
|
total
turnover (total sales) |
2014 |
EUR |
297.504.214,00 |
(exact) |
|
total
turnover (total sales) |
2013 |
EUR |
526.403.354,00 |
(exact) |
|
total
stock |
2017 |
EUR |
75.000.000,00 |
(approx.) |
|
total
investments |
2016 |
EUR |
14.169.232,00 |
(exact) |
|
total
employees |
2017 |
|
1376 |
(approx.) |
General company information
|
Company
name |
Primetals
Technologies Austria GmbH |
|||
|
Year
of incorporation |
1987 |
|||
|
Type
of company |
Manufacturing |
|||
|
Legal
form |
limited
liability company since 2014-09-22 |
|||
|
Companies
house number |
FN
422684 w Linz since 2014-11-29 |
|||
|
Export |
|
|||
|
VAT
number |
ATU
69087212 |
|||
|
number
- Austrian National Bank |
18003095 |
|||
|
Last
balance sheet: |
2017 |
|||
|
Banking
connection |
|
Locations
|
operational |
A-4031
Linz Postfach, Turmstraße 44 |
registered
office |
|
operational |
A-4031
Linz, Turmstraße 44 |
registered
headquarters, rented premises |
|
|
0043
732 6592 |
contact@primetals.com |
Private data
|
Surname |
Date
of birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Dkfm.
Robert Miemietz |
1959-12-20 |
A-4031
Linz Turmstraße
44(c/o) |
manager |
2 |
|
Dipl.-Wirtsch.-Ing.
Peter Schraut |
1964-04-08 |
A-4031
Linz Turmstraße
44 |
manager |
1 |
|
Dipl-Ing.
Andreas Flick |
1958-11-21 |
A-4031
Linz Turmstraße
44(c/o) |
joint
signing clerk |
1 |
|
Josef
Gahleitner |
1967-06-26 |
A-4173
Sankt Veit im Mühlkreis Hagerstraße
16 |
joint
signing clerk |
0 |
|
Ing.Dr.
Walter Gebert |
1957-01-14 |
A-4031
Linz Turmstraße
44(c/o) |
joint
signing clerk |
0 |
|
Dipl-Ing.
Josef Lanschützer |
1967-07-06 |
A-4310
Mauthausen Haid
1 |
joint
signing clerk |
3 |
|
Dr.
Rainer Oberleitner |
1972-01-30 |
A-4031
Linz Turmstraße
44(c/o) |
joint
signing clerk |
1 |
|
Mag.
Isolde Perndl |
1980-04-11 |
A-4031
Linz Turmstraße
44 |
joint
signing clerk |
2 |
|
Alfred
Piesinger |
1957-12-18 |
A-4031
Linz Turmstraße
44(c/o) |
joint
signing clerk |
1 |
|
Dipl-Ing.
Karl Anton Purkarthofer |
1965-12-12 |
A-4031
Linz Postfach Turmstraße
44(c/o) |
joint
signing clerk |
0 |
|
Dipl-Ing.
Roland Schmidl |
1968-08-14 |
A-4031
Linz Postfach Turmstraße
44(c/o) |
joint
signing clerk |
0 |
|
Florian
Schwarzlmüller |
1978-10-07 |
A-1150
Wien Nobilegasse
51 |
joint
signing clerk |
0 |
|
Dipl-Ing.
Dieter Siuka |
1957-10-12 |
A-4031
Linz Turmstraße
44(c/o) |
joint
signing clerk |
0 |
|
Dr.
Bernhard Starzer |
1956-02-15 |
A-4040
Linz Kaarstraße
5 |
joint
signing clerk |
15 |
|
Mag.Dr.
Peter Steiner |
1956-07-03 |
A-4031
Linz Turmstraße
44(c/o) |
joint
signing clerk |
0 |
|
Mag.Dr.
Christoph Stoiber |
1966-04-10 |
A-4010
Linz Kapellenstraße
4b |
joint
signing clerk |
3 |
|
Mag.
Andreas Weinhengst |
1964-08-29 |
A-4030
Linz Turmstraße
44(c/o) |
joint
signing clerk |
0 |
|
Dr.
Reinhard Zehetner |
1963-10-10 |
A-4031
Linz Turmstraße
44(c/o) |
joint
signing clerk |
1 |
|
Yasukuni
Yamasaki |
1949-08-02 |
A-4031
Linz Postfach Turmstraße
44(c/o) |
chairman
of the supervisory board |
0 |
|
Rolf
Riedle |
1963-07-22 |
A-4031
Linz Turmstraße
44 |
deputy
chairman of the supervisory board |
0 |
|
Etsuro
Hirai |
1959-03-20 |
A-4030
Linz Turmstraße
44 |
member
of the supervisory board |
0 |
|
Christian
Rittenschober |
1965-03-26 |
A-4063
Hörsching Kaiserweg
2b |
member
of the supervisory board |
0 |
|
Friedrich
Sinnhuber |
1959-02-19 |
A-4020
Linz Römerstraße
68 |
member
of the supervisory board |
0 |
Ownership
structure and related companies
|
Company
name |
Address |
Shareholdings
in % |
Since |
Commercial
register no. |
|
Shares
in this company are held by: |
||||
|
Primetals
Technologies, Limited |
GB-W4
5YA London 566
Chiswick High Road |
99,99
% |
2015-01-09 |
09155890 |
|
Primetals
Technologies Germany GmbH |
D-91052
Erlangen Schuhstraße
60 |
0,01
% |
2015-01-09 |
HRB
14815 |
|
|
||||
|
This
company holds 100% of the shares in: |
||||
|
Saudi
VOEST-ALPINE GmbH |
A-4031
Linz Turmstraße
44 |
100
% |
2014-12-17 |
FN
170604 p |
|
This
company holds less than 50% of the shares in: |
||||
|
K1-MET
GmbH |
A-4020
Linz Stahlstraße
14 |
20
% |
2015-07-10 |
FN
436281 s |
|
|
||||
Financial
Balance
Sheet (absolute) all amounts in EUR
|
|
2017-03-31 |
|
Intangible
assets |
247.728.764,00 |
|
Sum
intangible assets |
247.728.764,00 |
|
|
|
|
Tangible
assets |
7.427.638,00 |
|
Sum
tangible assets |
7.427.638,00 |
|
|
|
|
Financial
assets |
20.390.631,00 |
|
Sum
financial assets |
20.390.631,00 |
|
|
|
|
Sum
fixed assets |
275.547.033,00 |
|
|
|
|
Outstanding
service claims |
962.960.620,00 |
|
Advanced
payments |
19.341.973,00 |
|
Received
advanced payments for orders |
-907.596.460,00 |
|
Sum
stock |
74.706.133,00 |
|
|
|
|
Claims
from delivered goods and performed services |
20.456.705,00 |
|
Claims
against related firmes Claims against companies with shareholding
relationship |
24.939.994,00 |
|
Other
claims and assets |
22.779.701,00 |
|
Sum
claims |
68.176.400,00 |
|
|
|
|
Cash
on hand, cheques and bank deposits |
9.733.367,00 |
|
Sum
cash and bank |
9.733.367,00 |
|
|
|
|
Sum
current assets |
152.615.900,00 |
|
|
|
|
Deferred
charges |
2.249.762,00 |
|
Sum
deferred charges |
2.249.762,00 |
|
Assets |
430.412.695,00 |
|
|
|
|
Subscribed/declared
capital |
15.000.000,00 |
|
Not
committed capital reserves |
51.553.179,00 |
|
Sum
equity capital |
66.553.179,00 |
|
|
|
|
Reserves
for pensions |
886.471,00 |
|
Tax
reserves |
2.411.488,00 |
|
Other
reserves |
94.576.235,00 |
|
Sum
reserves |
97.874.194,00 |
|
|
|
|
Liabilities
against credit institutes |
29,00 |
|
Received
advanced payments for orders |
194.659.085,00 |
|
Liabilities
from delivered goods and performed services |
39.838.487,00 |
|
Liabilities
against related firms |
20.563.308,00 |
|
Liabilities
against firm with shareholding relationship |
96.601,00 |
|
Other
liabilities |
9.869.360,00 |
|
Sum
liabilities |
265.026.870,00 |
|
|
|
|
Deferred
income |
958.452,00 |
|
Sum
deferred income |
958.452,00 |
|
|
|
|
Liabilities
and shareholders'equity |
430.412.695,00 |
|
Contingent
liabilities |
44.986.021,00 |
|
Balance
sheet sum |
430.412.695,00 |
|
|
|
P / L Account (absolute) all amounts
in EUR
|
|
2017-03-31 |
|
Gross
sales |
381.236.649,00 |
|
Increase
or decrease in finished and unfinished goods and in service claims |
-14.425.126,00 |
|
Other
manufacturing costs capitalized |
246.149,00 |
|
Total
turnover or gross profit |
367.057.672,00 |
|
|
|
|
Profits
from retirement of fixed assets, except financial assets |
125.511,00 |
|
Income
from dissolution of reserves |
14.772.820,00 |
|
Other
operating profits |
21.518.880,00 |
|
Other
operating profits totally |
36.417.211,00 |
|
|
|
|
Costs
for obtained services |
-60.227.540,00 |
|
Material
costs |
-121.402.016,00 |
|
Costs
for obtained services totally |
-181.629.556,00 |
|
|
|
|
Salaries |
-97.595.252,00 |
|
Other
social fringe benefits |
-21.377.067,00 |
|
Personnel
expenses totally |
-118.972.319,00 |
|
|
|
|
Depreciation
of intangible assets, tangible assets,activated expenses for the set up and
expansion of business operation |
-48.806.947,00 |
|
Depreciation
tangible assets / intangible assets totally |
-48.806.947,00 |
|
|
|
|
Other
operating costs |
-82.241.787,00 |
|
Total
costs |
-82.241.787,00 |
|
|
|
|
Operating
result totally |
-28.175.726,00 |
|
|
|
|
Income
from other securities and loans of financial assets |
15.558,00 |
|
Interest
income, securties income and similar income |
263.803,00 |
|
Disbursements
from other financial assets and from securities of current assets (e.g.
depreciations) |
-2.939,00 |
|
Interest
and similar disbursements |
-898.968,00 |
|
Financial
profits totally |
-622.546,00 |
|
|
|
|
Results
from usual business activity totally |
-28.798.272,00 |
|
|
|
|
Taxes
on income and profits |
-2.222.276,00 |
|
Taxes
on income and profits totally |
-2.222.276,00 |
|
|
|
|
Annual
surplus/annual deficit totally |
-31.020.548,00 |
|
|
|
|
Dissolution
capital reserves |
31.882.440,00 |
|
Reserves
movements totally |
31.882.440,00 |
|
|
|
|
Annual
profit/annual loss totally |
861.892,00 |
|
|
|
|
Transfer
of profit/overcounting of losses from ontract of profit transfer |
-861.892,00 |
|
Transfer
of profits totally |
-861.892,00 |
|
|
|
|
B/S
profit/ B/S loss from profit and loss account |
0,00 |
|
|
|
|
|
2017 |
|
Cashflow
II |
17.786.399,00 |
|
Debt
amortisation period in years |
8,91 |
|
Bank
indebtedness |
0,00 |
|
Equity
capital share in % |
28,23 |
|
Social
capital share |
0,21 |
|
Fixed
assets coverage in % |
24,47 |
|
Net
profit ratio |
-7,85 |
|
Capital
turnover |
0,85 |
|
Return
on investment in % |
-6,48 |
|
Cashflow
in % of operating performance |
4,85 |
|
Cashflow
I |
20.008.675,00 |
|
Gross
productivity |
3,09 |
|
Net
productivity |
1,56 |
|
Operating
performance |
367.057.672,00 |
|
Inventories
in % of operating performance |
20,35 |
|
Gross
profit |
185.428.116,00 |
Commercial
register
Source
of data from commercial register: Republic of Austria represented by the
Federal Ministry of Justice
|
firm
(style) |
4
Primetals Technologies Austria GmbH |
|
legal
form |
1
Gesellschaft mit beschränkter Haftung |
|
registered
office |
1
politischer Gemeinde Linz |
|
business
adress |
1
Turmstraße 44 |
|
capital |
1
EUR 15.000.000,00 |
|
reference
date annual accounts |
4
31.März |
|
annual
accounts |
23
zum 31.03.2017 eingereicht am 07.09.2017 |
|
power
of representation |
1
Die Gesellschaft wird, wenn mehrere Geschäftsführer/innen |
|
|
|
proxy
|
|
|
C Mag. Dr. Peter Steiner, geb. 03.07.1956 |
|
|
|
|
|
supervisory
board |
|
|
AA Yasukuni Yamasaki, geb. 02.08.1949 |
|
|
|
|
|
managing
director |
|
|
B Dipl.Wirtsch.Ing. Peter Schraut, geb.
08.04.1964 |
|
|
|
|
|
shareholder |
|
|
|
|
|
|
|
|
general
table |
|
|
|
|
Historical development
|
Year
of incorporation |
1987 |
|
Date
of registration |
2014-11-29 |
Change
of company name
|
from |
to |
company
name |
|
2014-11-29 |
2015-01-10 |
Siemens
VAI Metals Technologies GmbH |
Former
executives
|
from |
to |
position |
name |
|
2014-11-29 |
2016-03-02 |
joint
signing clerk |
Per
Mikael Gustaf Leksell |
|
2014-11-29 |
2016-07-12 |
member
of the supervisory board |
Berta
Haring |
|
2015-01-10 |
2017-03-29 |
deputy
chairman of the supervisory board |
Peter
Schraut |
|
2014-11-29 |
2015-01-08 |
manager |
Peter
Schraut |
|
2014-11-29 |
2015-01-08 |
joint
signing clerk |
Robert
Miemietz |
|
2014-11-29 |
2015-01-10 |
chairman
of the supervisory board |
Wolfgang
Hesoun |
|
2014-11-29 |
2016-07-12 |
member
of the supervisory board |
Gerhard
Bayer |
|
2014-11-29 |
2015-01-10 |
member
of the supervisory board |
Angel
Miguel Lopez |
|
2014-11-29 |
2015-06-27 |
joint
signing clerk |
Stefan
Rieberer |
|
2015-01-23 |
2017-06-07 |
joint
signing clerk |
Gerald
Peham |
|
2017-04-04 |
2017-08-26 |
member
of the supervisory board |
Rolf
Riedle |
|
2015-01-10 |
2017-04-04 |
member
of the supervisory board |
Günter
Sarcletti |
|
2014-11-29 |
2015-01-08 |
manager |
Albrecht
Neumann |
|
2014-11-29 |
2015-01-10 |
deputy
chairman of the supervisory board |
Siegfried
Russwurm |
|
2015-01-08 |
2017-04-04 |
manager |
Heiner
Röhrl |
|
2014-11-29 |
2015-01-08 |
joint
signing clerk |
Heiner
Röhrl |
|
2014-11-29 |
2015-01-10 |
member
of the supervisory board |
Reinhard
Pinzer |
|
2015-01-23 |
2016-03-02 |
joint
signing clerk |
Rainer
Moosbauer |
Former
shareholders
|
from |
to |
position |
name |
|
2014-11-29 |
2015-01-09 |
partner |
Siemens
Aktiengesellschaft Österreich |
|
2014-11-29 |
2015-01-09 |
partner |
Landis
& Staefa (Österreich) GmbH |
Former
shareholdings
|
from |
to |
company
name |
|
2014-12-30 |
2016-07-01 |
Primetals
International GmbH |
Mergers
|
On |
position |
name |
|
2016-07-05 |
merged
with |
Primetals
International GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
|
Euro |
1 |
INR 81.24 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
KET |
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.