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MIRA INFORM REPORT
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Report No. : |
486839 |
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Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
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Name : |
WATERS
GESELLSCHAFT M.B.H. |
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|
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Registered Office : |
Hietzinger HauptstraGe 145 A-1130 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2015 |
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Date of Incorporation : |
18.07.1994 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Other
Machinery and Equipment |
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No. of Employees : |
35 (2017) |
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 |
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A+ |
Low Risk |
Business dealings permissible with low
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 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
WATERS
GESELLSCHAFT M.B.H.
Hietzinger HauptstraGe 145 A-1130 Wien
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Phone: |
(0043) 1 8771807 |
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Fax: |
(0043) 1 8771808 |
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E-mail: |
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Internet: |
Activities
ONACE 46690 100% Wholesale of other machinery and equipment
Financial
data
Financial details can also be entered during the period,
irrespective of the balance sheet date.
|
total turnover (total sales) |
2016 |
EUR |
122.000.000,00 |
(estimated) |
|
|
total turnover (total sales) |
2015 |
EUR |
121.676.420,75 |
(exact) |
|
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total turnover (total sales) |
2014 |
EUR |
100.760.462,35 |
(exact) |
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total turnover (total sales) |
2013 |
EUR |
89.988.059,68 |
(exact) |
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total turnover (total sales) |
2012 |
EUR |
93.320.034,43 |
(exact) |
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|
total stock |
2017 |
|
EUR |
2.100.000,00 |
(approx.) |
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total investments |
2017 |
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EUR |
35.309,99 |
(exact) |
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total employees |
2017 |
|
|
35 |
(approx.) |
General
company information
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Company name |
Waters Gesellschaft m.b.H. |
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Year of incorporation |
1994 |
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Type of company |
Wholesale and retail trade; repair of motor vehicles |
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Legal form |
limited liability company since 1994-07-18 |
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Companies house number |
FN 110394 w Wien since 1994-08-05 |
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Import |
Ireland Netherlands Great Britain and Northern Ireland / United Kingdom USA |
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Export |
India Eastern Europe Middle East |
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VAT number |
ATU 15050405 |
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ARA-number |
7657 |
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number - Austrian National Bank |
2305186 |
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Last balance sheet: |
2015 |
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Banking connection |
UniCredit Bank Austria AG |
BLZ 12000 |
main bank connection |
Locations
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operational |
A-1130 Wien, Hietzinger HauptstraGe 145 |
registered office |
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operational |
A-1130 Wien, Hietzinger HauptstraGe 145 |
registered headquarters |
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0043 1 8771807 |
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operational |
CZ-14700 Prag, Psohlavcu 43 |
branch agency |
Private
data
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies'
house) |
|
Andre Ayache |
1953-08-06 |
F-78000 Versailles bis rue des Tassigny 2 |
manager |
0 |
|
Ing. Herbert Ottner |
1964-10-17 |
A-3011 Tullnerbach Adolf Radlgasse 16 |
manager |
0 |
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Eugene Burns |
1963-05-21 |
A-3021 PreGbaum Piettegasse 26 |
individual signing clerk, head of accounting, head of EDP,
head of personnel |
1 |
Business Unit Manager
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies'
house) |
|
Andrea Hofmann |
|
A-1130 Wien Hietzinger HauptstraGe 145(c/o) |
head of marketing |
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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Waters Technologies Corporation Milford |
USA-01757 Massachusetts Maple Street 34 |
100 % |
1994-08-17 |
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Balance Sheet (absolute) all amounts in EUR
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|
2015-12-31 |
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Other tangible assets |
38.540,58 |
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Other operating and business equipment |
44.722,87 |
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Sum tangible assets |
83.263,45 |
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Shares on related firms |
28.254,82 |
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Sum financial assets |
28.254,82 |
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Sum fixed assets 111.518,27 |
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Finished products |
2.127.940,41 |
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Sum stock |
2.127.940,41 |
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Claims from delivered goods and performed services |
21.188.354,11 |
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Claims against related firmes Claims against companies with
shareholding relationship |
799.133,23 |
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Other claims and assets |
124.322,25 |
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Sum claims |
22.111.809,59 |
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Cash on hand, cheques and bank deposits |
13.293.900,33 |
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Sum cash and bank |
13.293.900,33 |
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Sum current assets 37.533.650,33 |
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Deferred charges |
10.391,27 |
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Sum deferred charges |
10.391,27 |
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Assets 37.655.559,87 |
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Subscribed/declared capital |
36.336,42 |
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Not committed capital reserves |
499.553,06 |
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Balance sheet profit/balance sheet loss |
10.977.507,23 |
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Thereof profit/loss carried forward |
8.335.603,92 |
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Sum equity capital |
11.513.396,71 |
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Reserves for severance pays |
519.499,94 |
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Tax reserves |
139.570,68 |
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Other reserves |
1.065.256,05 |
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Sum reserves |
1.724.326,67 |
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Received advanced payments for orders |
245.943,93 |
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Liabilities from delivered goods and performed services |
1.135.675,42 |
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Liabilities against related firms |
18.775.520,97 |
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Other liabilities |
291.396,25 |
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Sum liabilities |
20.448.536,57 |
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Deferred income |
3.969.299,92 |
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Sum deferred income |
3.969.299,92 |
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Liabilities and shareholders'equity |
37.655.559,87 |
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Contingent liabilities |
651.281,03 |
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Balance sheet sum |
37.655.559,87 |
P / L Account (absolute) all amounts in EUR
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|
2015-12-31 |
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Gross sales |
121.676.420,75 |
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Total turnover or gross profit |
121.676.420,75 |
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Profits from retirement of fixed assets, except financial
assets |
1.600,00 |
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Other operating profits |
1.570.399,49 |
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Other operating profits totally |
1.571.999,49 |
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Special account material costs |
-108.184.552,43 |
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Costs for obtained services totally |
-108.184.552,43 |
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Salaries |
-2.613.833,37 |
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Costs for severance pays |
-96.145,75 |
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Costs for old age pension |
-81.373,66 |
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Legal fringe benefits and other payments depending on
salaries |
-527.297,85 |
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Other social fringe benefits |
-527.480,55 |
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Personnel expenses totally |
-3.846.131,18 |
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|
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Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-27.817,47 |
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Depreciation tangible assets / intangible assets totally |
-27.817,47 |
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|
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Other operating costs |
-7.569.800,67 |
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Total costs |
-7.569.800,67 |
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Operating result totally 3.620.118,49 |
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Interest income, securties income and similar income |
1,50 |
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Interest and similar disbursements |
-1.728,76 |
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Financial profits totally |
-1.727,26 |
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Results from usual business activity totally 3.618.391,23 |
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Taxes on income and profits |
-976.487,92 |
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Taxes on income and profits totally Annual surplus/annual
deficit totally Annual profit/annual loss totally Profit and loss carried forward from previous year |
-976.487,92 2.641.903,31 2.641.903,31 8.335.603,92 |
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Company Profile Standard |
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Transfer of profits totally |
8.335.603,92 |
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B/S profit/ B/S loss from profit and loss account |
10.977.507,23 |
Key
ratios
|
|
2015 |
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Cashflow II |
2.669.720,78 |
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Debt amortisation period in years |
3,23 |
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Bank indebtedness |
0,00 |
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Equity capital share in % |
30,78 |
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Social capital share |
1,38 |
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Fixed assets coverage in % |
10.790,07 |
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Net profit ratio |
2,97 |
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Capital turnover |
3,23 |
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Return on investment in % |
9,61 |
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Cashflow in % of operating performance |
2,19 |
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Cashflow I |
3.646.208,70 |
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Gross productivity |
31,64 |
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Net productivity |
3,51 |
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Operating performance |
121.676.420,75 |
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Inventories in % of operating performance |
1,75 |
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Gross profit |
13.491.868,32 |
Commercial
register
Source of data from commercial register: Republic of Austria represented
by the Federal Ministry of Justice
|
firm
(style) |
1
Waters Gesellschaft m.b.H. |
|
legal
form |
1
Gesellschaft mit beschrankter Haftung |
|
registered
office |
1
Wien |
|
business
adress |
1
Hietzinger HauptstraGe 145 1130 Wien |
|
capital |
34
EUR 36336.42 |
|
reference
date annual accounts |
1
31.Dezember |
|
annual
accounts |
38
zum 31.12.2015 eingereicht am 05.12.2016 |
|
power
of representation |
1
Die Generalversammlung bestimmt, wenn mehrere Geschafts-fuhrer bestellt sind,
deren Vertretungsbefugnis. |
Proxy
I
Eugene Burns, geb. 21.05.1963
20
vertritt seit 26.03.2004 selbständig
managing
director
J
Ing. Herbert Ottner, geb. 17.10.1964
020
vertritt seit 26.03.2004 selbständig
M
Andre Ayache, geb. 06.08.1953
033
vertritt seit 22.11.2013 selbständig
Shareholder
B Waters Technologies Corporation Milford
034
.............................................. EUR 36.336
034
.............................................. EUR 36.336
Summen: EUR 36.336 EUR 36.336
general
table
Handelsgericht
Wien
1
eingetragen am 05.08.1994 Geschäftsfall 007 703 Fr 7999/94 h
Antrag
auf Neueintragung einer Firma eingelangt am 25.07.1994
8
eingetragen am 06.09.1996 Geschäftsfall 007 074 Fr 4585/96 f
Antrag
auf Änderung eingelangt am 20.06.1996
11
eingetragen am 22.10.1998 Geschäftsfall 007 074 Fr 9839/98 z
Antrag
auf Änderung eingelangt am 12.10.1998
20
eingetragen am 07.05.2004 Geschäftsfall 007 075 Fr 5502/04 z
Antrag
auf Änderung eingelangt am 26.04.2004
33
eingetragen am 17.12.2013 Geschäftsfall 007 073 Fr 13012/13 h
Antrag
auf Änderung eingelangt am 13.09.2013
34
eingetragen am 19.12.2013 Geschäftsfall 007 073 Fr 21062/13 x
Antrag
auf Änderung eingelangt am 17.12.2013
36
eingetragen am 03.06.2015 Geschäftsfall 007 073 Fr 5520/15 h
Elektronische
Einreichung Jahresabschluss eingelangt am 01.06.2015
37
eingetragen am 25.06.2015 Geschäftsfall 007 073 Fr 6324/15 s
Antrag
auf Änderung eingelangt am 18.06.2015
38
eingetragen am 21.12.2016
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Year of incorporation |
1994 |
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Date of registra Change in shar from |
tion e capital to |
1994-08-05 asset |
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2008-03-29 Former executi from |
2013-12-19 ves to |
ATS position |
500.000,00 name |
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2003-08-15 |
2004-05-07 |
manager |
Eugene Burns |
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1998-10-22 |
2003-08-15 |
individual signing clerk |
Eugene Burns |
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1996-08-24 |
1998-10-22 |
manager |
Stefan Neubauer |
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1998-10-22 |
2004-05-07 |
individual signing clerk |
Herbert Ottner |
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2002-01-10 |
2008-01-22 |
manager |
John Alden Ornell |
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1996-03-30 |
2002-01-10 |
manager |
Philip Taymor |
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2004-05-07 |
2006-12-06 |
manager |
Richard Henry Payne |
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1996-08-24 |
1998-05-07 |
manager |
Richard Henry Payne |
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2006-12-06 |
2013-12-17 |
manager |
Michael Cornelius Harrington |
|
1998-05-07 |
2004-05-07 |
manager |
Hartmut Rabich |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.98 |
|
UK Pound |
1 |
INR 88.13 |
|
Euro |
1 |
INR 78.35 |
|
Euro |
1 |
INR 78.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
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 |
|
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.