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MIRA INFORM REPORT
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Report No. : |
492435 |
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Report Date : |
21.02.2018 |
IDENTIFICATION DETAILS
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Name : |
WITTMANN KUNSTSTOFFGERÄTE GESELLSCHAFT M.B.H. |
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Registered Office : |
Lichtblaustrabe 10, A-1220 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
1975 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Plastics and Rubber Machinery |
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No. of Employees : |
308 [Approx.] |
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) |
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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 2016 and public debt
reached a post-war high of 84.6% of the GDP in 2016.
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Source
: CIA |
Company
name & address
WITTMANN KUNSTSTOFFGERÄTE GESELLSCHAFT M.B.H.
Phone: (0043) 1 25039
Fax: (0043) 1 25971 - 70
E-mail: info.at@wittmann-group.com
Internet: http://www.wittmann-group.com
Activities
ÖNACE 28960 100% Manufacture of plastics and rubber machinery
Financial
data
Financial details can also be entered during the period, irrespective of
the balance sheet date.
|
total turnover (total sales) |
2017 |
EUR |
107.500.000,00 |
(estimated) |
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total turnover (total sales) |
2016 |
EUR |
107.003.384,00 |
(approx.) |
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total turnover (total sales) |
2015 |
EUR |
100.234.265,10 |
(exact) |
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total turnover (total sales) |
2014 |
EUR |
92.440.287,72 |
(exact) |
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total turnover (total sales) |
2013 |
EUR |
81.314.033,74 |
(exact) |
|
total stock |
2018 |
EUR |
12.100.000,00 |
(approx.) |
|
total investments |
2015 |
EUR |
12.239.808,48 |
(exact) |
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total employees |
2018 |
|
308 |
(approx.) |
General company information
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Company name |
WITTMANN KUNSTSTOFFGERÄTE GESELLSCHAFT M.B.H. |
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Year of incorporation |
1975 |
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Type of company |
Manufacturing |
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Legal form |
Limited Liability Company since 1979-12-21 |
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Companies house number |
FN 101312 p Wien since 1980-01-07 |
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Import |
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Export |
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ARA-number |
10275 |
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VAT number |
ATU 14228003 |
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number - Austrian National Bank |
86924 |
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Last balance sheet: |
2015 |
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Banking connection |
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Locations
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operational |
A-1220 Wien, Lichtblaustraße 10 |
registered headquarters, owned property |
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0043 1 25039 |
info.at@wittmann-group.com |
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operational |
A-1220 Wien, Lichtblaustraße 10 |
registered office |
Private
data
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Dr. Werner Wittmann |
1941-09-27 |
A-1190 Wien Bellevuestraße 29 |
manager, head of accounting, head of purchasing, head of sales |
5 |
|
Dipl-Ing. Peter Michael Wittmann |
1966-05-30 |
A-2100 Korneuburg Berggasse 2 |
manager, technical director |
3 |
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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Bernd Peherstorfer |
1977-04-30 |
A-1200 Wien Robert Blumgasse 3/6 |
head of accounting |
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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WB Wittmann Group Holding GmbH |
A-1220 Wien Lichtblaustraße 10 |
100 % |
2011-01-06 |
FN 350084 f |
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This company holds less than 50% of the shares in: |
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WMA Weinviertler Mechatronik Akademie GmbH |
A-2120 Wolkersdorf im Weinviertel Wienerstraße 44-46 |
17,65 % |
2017-10-24 |
FN 419693 x |
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Affiliated companies and further participations: |
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Wittmann Battenfeld GmbH |
A-2542 Kottingbrunn Wiener Neustädterstraße 81 |
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FN 307928 k |
Balance Sheet (absolute) all amounts in EUR
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2015-12-31 |
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Franchises, patents, licences, trademarks and similar rights and
advantages |
388.922,76 |
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Sum intangible assets |
388.922,76 |
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Land and leasehold rights with buildings thereon including building on
land owned by third parties |
12.116.598,62 |
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Special account plants and machines |
1.656.577,52 |
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Other operating and business equipment |
1.844.389,46 |
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Advanced payments and constructions in progress |
325.777,18 |
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Sum tangible assets |
15.943.342,78 |
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Shares on related firms |
17.956.205,23 |
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Loans to related firms |
6.175.937,04 |
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Other loans |
373.385,90 |
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Other financial assets, values and securities of fixed assets |
426.087,88 |
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Sum financial assets |
24.931.616,05 |
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Sum fixed assets |
41.263.881,59 |
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Raw-, auxiliary materials and supplies |
8.480.814,22 |
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Unfinished products |
2.354.820,23 |
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Finished products |
1.247.803,05 |
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Advanced payments |
18.617,50 |
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Sum stock |
12.102.055,00 |
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Claims from delivered goods and performed services |
3.073.183,07 |
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Claims against related firmes Claims against companies with
shareholding relationship |
52.444.140,91 |
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Other claims and assets |
1.773.178,94 |
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Sum claims |
57.290.502,92 |
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Cash on hand, cheques and bank deposits |
5.609.097,58 |
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Sum cash and bank |
5.609.097,58 |
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Sum current assets |
75.001.655,50 |
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Deferred charges |
3.171.928,59 |
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Sum deferred charges |
3.171.928,59 |
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Assets |
119.437.465,68 |
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Subscribed/declared capital |
2.000.000,00 |
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Legal reserves |
200.000,00 |
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Other reserves |
2.294.449,94 |
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Balance sheet profit/balance sheet loss |
78.518.665,21 |
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Thereof profit/loss carried forward |
63.327.134,64 |
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Sum equity capital |
83.013.115,15 |
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Other reserves before taxes |
176.791,20 |
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Sum reserves before taxes |
176.791,20 |
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Reserves for severance pays |
3.218.244,00 |
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Reserves for pensions |
1.471.067,00 |
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Tax reserves |
1.358.990,00 |
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Other reserves |
1.787.328,45 |
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Sum reserves |
7.835.629,45 |
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Liabilities against credit institutes |
22.292.026,19 |
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Received advanced payments for orders |
129.035,20 |
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Liabilities from delivered goods and performed services |
3.647.272,05 |
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Liabilities against related firms |
1.647.232,64 |
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Other liabilities |
696.363,80 |
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Sum liabilities |
28.411.929,88 |
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Liabilities and shareholders'equity |
119.437.465,68 |
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Contingent liabilities |
400.000,00 |
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Balance sheet sum |
119.437.465,68 |
P / L Account (absolute) all amounts in EUR
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|
2015-12-31 |
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Gross sales |
100.234.265,10 |
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Increase or decrease in finished and unfinished goods and in service
claims |
392.046,94 |
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Total turnover or gross profit |
100.626.312,04 |
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Other operating profits |
3.569.984,31 |
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Other operating profits totally |
3.569.984,31 |
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Costs for obtained services |
-2.807.334,82 |
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Material costs |
-60.081.860,82 |
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Costs for obtained services totally |
-62.889.195,64 |
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Wages |
-2.422.560,16 |
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Salaries |
-10.175.155,66 |
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Costs for severance pays |
-1.024.709,37 |
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Costs for old age pension |
-239.402,00 |
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Legal fringe benefits and other payments depending on salaries |
-3.449.171,09 |
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Other social fringe benefits |
-245.192,01 |
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Personnel expenses totally |
-17.556.190,29 |
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Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-1.718.501,37 |
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Depreciation tangible assets / intangible assets totally |
-1.718.501,37 |
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Other operating costs |
-7.370.330,74 |
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Total costs |
-7.370.330,74 |
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Operating result totally |
14.662.078,31 |
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Profits from shareholdings |
6.014.132,77 |
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Income from other securities and loans of financial assets |
239.970,42 |
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Profits from the retirement of and investment in financial assets and securities of current assets |
4.978,76 |
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Interest income, securties income and similar income |
13.830,20 |
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Disbursements from other financial assets and from securities of current
assets (e.g. depreciations) |
-2.006.227,90 |
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Interest and similar disbursements |
-298.200,83 |
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Financial profits totally |
3.968.483,42 |
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Results from usual business activity totally |
18.630.561,73 |
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Taxes on income and profits |
-3.439.031,16 |
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Taxes on income and profits totally |
-3.439.031,16 |
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Annual surplus/annual deficit totally |
15.191.530,57 |
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Annual profit/annual loss totally |
15.191.530,57 |
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Profit and loss carried forward from previous year |
63.327.134,64 |
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Transfer of profits totally |
63.327.134,64 |
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B/S profit/ B/S loss from profit and loss account |
78.518.665,21 |
Key ratios
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|
2015 |
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Cashflow II |
16.910.031,94 |
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Debt amortisation period in years |
1,80 |
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Bank indebtedness |
18,66 |
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Equity capital share in % |
69,73 |
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Social capital share |
3,93 |
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Fixed assets coverage in % |
212,97 |
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Net profit ratio |
18,51 |
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Capital turnover |
0,84 |
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Return on investment in % |
15,85 |
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Cashflow in % of operating performance |
16,80 |
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Cashflow I |
20.349.063,10 |
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Gross productivity |
5,73 |
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Net productivity |
2,15 |
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Operating performance |
100.626.312,04 |
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Inventories in % of operating performance |
12,03 |
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Gross profit |
37.737.116,40 |
Land Register
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Last check |
2018-02-20 |
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Entry number |
Cadastral community |
Journal number |
|
3558 |
1660 |
4622/2009 |
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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
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firm (style) |
1 Wittmann Kunststoffgeräte Gesellschaft m.b.H. |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
1 politischer Gemeinde Wien |
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business adress |
1 Lichtblaustr. 10 |
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capital |
19 EUR 2.000.000,00 |
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reference date annual accounts |
3 31.Dezember |
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annual accounts |
30 zum 31.12.2015 eingereicht am
19.09.2016 |
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power of representation |
19 Die Gesellschaft wird, wenn mehrere
Geschäftsführer |
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Managing Director |
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A
Dr Werner Wittmann, geb. 27.09.1941 |
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Shareholder |
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General Table |
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Historical development
|
Year of incorporation |
1975 |
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Date of registration |
1980-01-07 |
Change of Company Name
|
from |
to |
company name |
|
2005-06-08 |
2007-10-17 |
Wittmann Kunststoffgeräte Gesellschaft m.b.H. |
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2007-10-17 |
2008-03-29 |
Wittmann Kunststoffgeräte Gesellschaft m.b.H. |
Change of Legal Form
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from |
to |
company name |
|
2005-06-08 |
2007-10-17 |
limited liability company |
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2007-10-17 |
2008-03-29 |
limited liability company |
Change in share capital
|
from |
to |
asset |
|
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2005-06-08 |
2007-10-17 |
ATS |
20.000.000,00 |
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2007-10-17 |
2008-03-29 |
EUR |
2.000.000,00 |
Former Executives
|
from |
to |
position |
name |
|
|
|
partner |
Werner Wittmann |
|
1997-03-14 |
2010-11-06 |
partner |
Werner Wittmann |
|
1997-03-14 |
|
partner |
Werner Wittmann |
|
1996-01-17 |
2010-11-06 |
partner |
Peter Michael Wittmann |
|
1996-01-17 |
2011-01-06 |
partner |
Thomas Wittmann |
|
1997-03-14 |
|
partner |
Gertraud Wittmann |
|
|
|
partner |
Gertraud Wittmann |
|
1997-03-14 |
2010-11-06 |
partner |
Gertraud Wittmann |
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1996-01-17 |
2010-11-06 |
partner |
Karin Vonbank |
Former Shareholders
|
from |
to |
position |
name |
birth date |
|
|
|
partner |
Werner Wittmann |
1941-09-27 |
|
1997-03-14 |
2010-11-06 |
partner |
Werner Wittmann |
1941-09-27 |
|
1997-03-14 |
|
partner |
Werner Wittmann |
1941-09-27 |
|
1996-01-17 |
2010-11-06 |
partner |
Peter Michael Wittmann |
1966-05-30 |
|
1996-01-17 |
2011-01-06 |
partner |
Thomas Wittmann |
1965-07-06 |
|
1997-03-14 |
|
partner |
Gertraud Wittmann |
1939-05-11 |
|
|
|
partner |
Gertraud Wittmann |
1939-05-11 |
|
1997-03-14 |
2010-11-06 |
partner |
Gertraud Wittmann |
1939-05-11 |
|
1996-01-17 |
2010-11-06 |
partner |
Karin Vonbank |
1971-06-10 |
Former Shareholdings
|
from |
to |
company name |
|
2008-03-15 |
2010-09-03 |
Wittmann Battenfeld GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.53 |
|
|
1 |
INR 90.13 |
|
Euro |
1 |
INR 79.85 |
|
Euro |
1 |
INR 79.82 |
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.