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MIRA INFORM REPORT
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Report No. : |
484676 |
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Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
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Name : |
WITTMANN BATTENFELD GMBH |
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Registered Office : |
Wiener Neustädterstraße 81, A-2542 Kottingbrunn |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
2008 |
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Legal Form : |
limited liability company |
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Line of Business : |
·
Manufacture of plastics and rubber
machinery ·
Manufacture of other general-purpose
machinery n.e.c. |
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No. of Employees : |
425 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 0.9% in 2015, but rising to 1.4% in 2016. 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 1.4% of GDP in 2016 and public debt reached a post-war high of 86.2% of the GDP in 2015.
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Source
: CIA |
Company name and address
Wittmann Battenfeld GmbH
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Phone: |
(0043) 2252 404 |
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Fax: |
(0043) 2252 404 - 1062 |
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E-mail: |
info@wittmann-group.com |
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Internet: |
http://www.wittmann-group.com |
Activities
ÖNACE 28960 50% Manufacture of
plastics and rubber machinery
ÖNACE 28290 50% Manufacture of other general-purpose
machinery n.e.c.
Financial
data
Financial details can also be
entered during the period, irrespective of the balance sheet date.
|
total turnover (total sales) |
2017 |
EUR |
137.000.000,00 |
(estimated) |
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total turnover (total sales) |
2016 |
EUR |
130.334.228,28 |
(exact) |
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total turnover (total sales) |
2015 |
EUR |
120.642.818,53 |
(exact) |
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total turnover (total sales) |
2014 |
EUR |
107.812.326,59 |
(exact) |
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total turnover (total sales) |
2013 |
EUR |
93.765.025,92 |
(exact) |
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total stock |
2018 |
EUR |
27.600.000,00 |
(approx.) |
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total investments |
2017 |
EUR |
27.600.000,00 |
(exact) |
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total company vehicles |
2017 |
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20 |
(approx.) |
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total employees |
2017 |
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425 |
(approx.) |
General company information
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Company name |
Wittmann Battenfeld GmbH |
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Year of incorporation |
2008 |
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Type of company |
Manufacturing |
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Legal form |
limited liability company
since 2008-03-15 |
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Trade names |
Innovative Injection Molding |
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Companies house number |
FN 307928 k Wiener Neustadt
since 2008-03-15 |
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Import |
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Export |
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VAT number |
ATU 64034869 |
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number - Austrian National
Bank |
8530785 |
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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-2542 Kottingbrunn, Wiener Neustädter Straße 81 |
registered office |
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operational |
A-2542 Kottingbrunn, Wiener Neustädterstraße 81 |
registered headquarters |
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0043 2252 404 |
info@wittmann-group.com |
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former |
A-1220 Wien, Lichtblaustraße 10 |
registered office, |
Private
data
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions
(as registered in the companies' house) |
|
Ing.Mag. Georg Tinschert |
1955-10-05 |
A-4311 Schwertberg Marktplatz 2 |
manager |
7 |
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Dr. Werner Wittmann |
1941-09-27 |
A-1190 Wien Bellevuestraße 29 |
manager |
8 |
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Dipl-Ing. Peter Michael
Wittmann |
1966-05-30 |
A-2100 Korneuburg Berggasse 2 |
manager |
4 |
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Siegfried Köhler |
1971-04-05 |
A-2564 Weißenbach Triesting Zellgasse 3 |
joint signing clerk |
2 |
Business unit manager
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Surname |
Address |
Executive positions |
Further executive positions
(as registered in the companies' house) |
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Helga Fasching |
A-2542 Kottingbrunn Wiener Neustädterstraße 81(c/o) |
head of accounting |
0 |
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Andreas Lechner |
A-2542 Kottingbrunn Wiener Neustädterstraße 81(c/o) |
technical director |
0 |
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Barbara Schwarz |
A-2542 Kottingbrunn Wr. Neustädterstraße 81(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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WB Wittmann Group Holding GmbH |
A-1220 Wien Lichtblaustraße 10 |
100 % |
2010-09-03 |
FN 350084 f |
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Affiliated
companies and further participations: |
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Wittmann Kunststoffgeräte
Gesellschaft m.b.H. |
A-1220 Wien Lichtblaustraße 10 |
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FN 101312 p |
Financials
Balance Sheet (absolute) all amounts in EUR
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|
2016-12-31 |
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Goodwill |
409.269,00 |
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Franchises,
patents, licences, trademarks and similar rights and advantages |
137.092,00 |
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Sum
intangible assets |
546.361,00 |
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Land and leasehold rights with
buildings thereon including building on land owned by third parties |
10.221.380,81 |
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Other operating and business
equipment |
2.957.744,00 |
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Technical
plants and machines |
6.524.602,72 |
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Sum
tangible assets |
19.703.727,53 |
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Shares on related firms |
7.236.215,00 |
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Loans to related firms |
225.000,00 |
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Other
financial assets, values and securities of fixed assets |
28.543,00 |
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Sum
financial assets |
7.489.758,00 |
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Sum
fixed assets |
27.739.846,53 |
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Raw-, auxiliary materials and
supplies |
13.607.341,15 |
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Unfinished products |
10.497.911,70 |
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Finished products |
3.084.196,67 |
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Advanced
payments |
446.294,56 |
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Sum
stock |
27.635.744,08 |
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Claims from delivered goods and
performed services |
10.612.753,87 |
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Claims against related firmes
Claims against companies with shareholding relationship |
36.533.163,74 |
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Other
claims and assets |
1.285.787,28 |
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Sum
claims |
48.431.704,89 |
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Latente Steuern |
403.762,70 |
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Cash
on hand, cheques and bank deposits |
342.161,71 |
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Sum
cash and bank |
342.161,71 |
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Sum
current assets |
76.409.610,68 |
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Deferred
charges |
232.397,90 |
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Sum
deferred charges |
232.397,90 |
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Assets |
104.785.617,81 |
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Subscribed/declared capital |
4.000.000,00 |
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Not committed capital reserves |
14.000.000,00 |
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Legal reserves |
400.000,00 |
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Balance sheet profit/balance
sheet loss |
23.851.942,62 |
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Thereof
profit/loss carried forward |
18.714.230,73 |
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Sum equity
capital |
42.251.942,62 |
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Reserves for severance pays |
695.947,80 |
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Reserves for pensions |
81.921,00 |
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Tax reserves |
831.678,96 |
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Other
reserves |
4.959.570,00 |
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Sum
reserves |
6.569.117,76 |
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Liabilities against credit
institutes |
32.212.199,36 |
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Received advanced payments for
orders |
3.007.568,54 |
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Liabilities from delivered
goods and performed services |
5.336.162,23 |
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Liabilities against related
firms |
13.083.495,28 |
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Other
liabilities |
2.325.132,02 |
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Sum
liabilities |
55.964.557,43 |
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Liabilities
and shareholders'equity |
104.785.617,81 |
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Balance
sheet sum |
104.785.617,81 |
P / L Account (absolute) all amounts in EUR
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|
2016-12-31 |
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Gross sales |
130.334.228,28 |
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Increase or decrease in finished
and unfinished goods and in service claims |
4.270.590,78 |
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Total
turnover or gross profit |
134.604.819,06 |
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Income from dissolution of
reserves |
100.735,00 |
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Other operating profits |
1.317.888,23 |
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Other
operating profits totally |
1.418.623,23 |
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Costs for obtained services |
-1.352.031,75 |
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Material costs |
-81.328.765,48 |
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Costs
for obtained services totally |
-82.680.797,23 |
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Wages |
-12.576.856,45 |
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Salaries |
-12.094.793,52 |
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Other social fringe benefits |
-7.867.761,70 |
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Personnel
expenses totally |
-32.539.411,67 |
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Depreciation of intangible
assets, tangible assets,activated expenses for the set up and expansion of
business operation |
-1.648.325,55 |
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Depreciation
tangible assets / intangible assets totally |
-1.648.325,55 |
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Other operating costs |
-12.918.139,57 |
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Total
costs |
-12.918.139,57 |
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Operating
result totally |
6.236.768,27 |
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Profits from shareholdings |
500.000,00 |
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Income from other securities
and loans of financial assets |
658,00 |
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Interest income, securties
income and similar income |
77.000,86 |
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Interest and similar
disbursements |
-412.976,65 |
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Financial
profits totally |
164.682,21 |
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Results
from usual business activity totally |
6.401.450,48 |
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Taxes on income and profits |
-1.263.738,59 |
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Taxes
on income and profits totally |
-1.263.738,59 |
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Annual
surplus/annual deficit totally |
5.137.711,89 |
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Annual
profit/annual loss totally |
5.137.711,89 |
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Profit and loss carried
forward from previous year |
18.714.230,73 |
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Transfer
of profits totally |
18.714.230,73 |
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B/S
profit/ B/S loss from profit and loss account |
23.851.942,62 |
Key ratios
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|
2016 |
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Cashflow II |
6.786.037,44 |
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Debt amortisation period in
years |
8,72 |
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Bank indebtedness |
30,74 |
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Equity capital share in % |
41,51 |
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Social capital share |
0,74 |
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Fixed assets coverage in % |
155,12 |
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Net profit ratio |
4,76 |
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Capital turnover |
1,28 |
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Return on investment in % |
6,50 |
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Cashflow in % of operating
performance |
5,04 |
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Cashflow I |
8.049.776,03 |
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Gross productivity |
4,14 |
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Net productivity |
1,60 |
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Operating performance |
134.604.819,06 |
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Inventories in % of operating
performance |
20,53 |
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Gross profit |
51.924.021,83 |
Land Register
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Last check |
2018-01-10 |
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Entry number |
Cadastral community |
Journal number |
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1375 |
4016 |
8158/2016 |
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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) |
2 Wittmann Battenfeld GmbH |
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legal form |
1 Gesellschaft mit beschränkter
Haftung |
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registered office |
2 politischer Gemeinde
Kottingbrunn |
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business adress |
2 Wiener Neustädter Straße 81 |
|
capital |
6 EUR 4.000.000,00 |
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reference date annual accounts |
1 31.Dezember |
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annual accounts |
18 zum 31.12.2016 eingereicht
am 28.08.2017 |
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power of representation |
1
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
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proxy |
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G Siegfried Köhler, geb. 05.04.1971 |
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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
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Year
of incorporation |
2008 |
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Date of registration |
2008-03-15 |
Change of company name
|
from |
to |
company name |
|
2008-03-15 |
2008-04-05 |
Wittmann Maschinen GmbH |
Change in share
capital
|
from |
to |
asset |
|
|
2008-03-15 |
2008-04-18 |
EUR |
35.000,00 |
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2008-04-18 |
2008-10-07 |
EUR |
2.000.000,00 |
Former executives
|
from |
to |
position |
name |
|
2008-04-18 |
2009-09-10 |
joint signing clerk |
Gregor Göbel |
Former shareholders
|
from |
to |
position |
name |
|
2008-03-15 |
2010-09-03 |
partner |
Wittmann Kunststoffgeräte
Gesellschaft m.b.H. |
Former shareholdings
|
from |
to |
company name |
|
2008-04-26 |
2008-10-01 |
Battenfeld Kunststoffmaschinen
Service GmbH |
Mergers
|
On |
position |
name |
|
2008-10-01 |
merged with |
Battenfeld Kunststoffmaschinen
Service GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.74 |
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|
1 |
INR 86.01 |
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Euro |
1 |
INR 76.14 |
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Euro |
1 |
INR 77.07 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
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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 |
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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.