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MIRA INFORM REPORT
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Report No. : |
487369 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
03.11.1976 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture
of other pumps and compressors. |
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No. of Employees : |
283 (approx.) (2018) |
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 : |
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
|
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 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.
|
Source
: CIA |
company
name and address
Weber-Hydraulik
GmbH
Industriegebiet
3+4
A-4460
Losenstein
Activities
ÖNACE
28130 100% Manufacture of other pumps and compressors
Financial data
Financial
details can also be entered during the period, irrespective of the balance
sheet date.
|
total
turnover (total sales) |
2017 |
EUR |
69.200.000,00 |
(estimated) |
|
total
turnover (total sales) |
2016 |
EUR |
69.167.879,97 |
(exact) |
|
total
turnover (total sales) |
2015 |
EUR |
59.221.974,34 |
(exact) |
|
total
turnover (total sales) |
2014 |
EUR |
57.602.242,73 |
(exact) |
|
total
turnover (total sales) |
2013 |
EUR |
57.902.062,18 |
(exact) |
|
total
stock |
2018 |
EUR |
4.200.000,00 |
(approx.) |
|
total
investments |
2016 |
EUR |
1.577.848,73 |
(exact) |
|
total
company vehicles |
2018 |
|
13 |
(approx.) |
|
total
employees |
2018 |
|
283 |
(approx.) |
General company information
|
Company
name |
Weber-Hydraulik
GmbH |
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|
Year
of incorporation |
1976 |
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Type
of company |
Manufacturing |
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Legal
form |
limited
liability company since 1976-11-03 |
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Companies
house number |
FN
118620 t Steyr since 1976-12-30 |
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Import |
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Export |
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ARA-number |
7227 |
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VAT
number |
ATU
24055705 |
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number
- Austrian National Bank |
159450 |
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Last
balance sheet: |
2016 |
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Banking
connection |
|
Locations
|
operational |
A-4460
Losenstein, Industriegebiet 3+4 |
registered
office |
|
operational |
A-4460
Losenstein, Industriegebiet 3+4 |
registered
headquarters, owned property |
|
|
0043
7255 6237 |
office@weber-hydraulik.at |
|
former |
A-4460
Losenstein, Stiedelsbach 1 |
registered
headquarters, |
Private
data
|
Surname |
Date
of birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Ing.
Bernhard Obermayr |
1974-05-16 |
A-4451
Garsten Klosterstraße
15 |
manager,
head of sales, head of marketing |
0 |
|
Dr.
Reinhard Felix Pfendtner |
1964-01-02 |
D-71543
Wüstenrot Eichwaldstraße |
manager |
0 |
|
Alfred
Rack |
1962-01-05 |
A-4595
Waldneukirchen Hörmühle
1 |
manager,
head of accounting |
0 |
|
Ing.
Kurt Sperrer |
1967-08-20 |
A-4461
Laussa Plattenbergstraße
5 |
manager |
0 |
|
Walter
List |
1964-03-20 |
A-4490
Markt St. Florian Am
Seisberg 54 |
joint
signing clerk |
1 |
|
Frank
Schlosser |
1962-08-26 |
D-72202
Nagold Galgenbergstraße |
joint
signing clerk |
0 |
Business unit manager
|
Surname |
Date
of birth |
Address |
Executive
positions |
Further
executive positions (as registered in the companies' house) |
|
Ing.
Willibald Pranzl |
1964-04-04 |
A-4460
Losenstein Industriegebiet
3 + 4(c/o) |
head
of purchasing |
0 |
|
Ing.
Johann Schmollngruber |
|
A-4460
Losenstein Industriegebiet
3 + 4(c/o) |
technical
director |
0 |
|
Mag.
Nina Laub |
|
A-4460
Losenstein Industriegebiet
3+4(c/o) |
head
of personnel |
0 |
Ownership
structure and related companies
|
Company
name |
Address |
Shareholdings
in % |
Since |
Commercial
register no. |
|
Shares
in this company are held by: |
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Weber
Hydraulik GmbH |
D-74363
Güglingen Heilbronner
Straße 30 |
100
% |
1994-09-23 |
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Balance Sheet (absolute) all amounts in EUR
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|
2016-12-31 |
|
Franchises,
patents, licences, trademarks and similar rights and advantages |
101.631,97 |
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Sum
intangible assets |
101.631,97 |
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Land
and leasehold rights with buildings thereon including building on land owned
by third parties |
6.410.314,23 |
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Other
operating and business equipment |
653.171,60 |
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Technical
plants and machines |
2.210.422,94 |
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Advanced
payments and constructions in progress |
1.342.734,54 |
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Sum
tangible assets |
10.616.643,31 |
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Sum
fixed assets |
10.718.275,28 |
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Raw-,
auxiliary materials and supplies |
4.200.343,79 |
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Unfinished
products |
2.389.016,39 |
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Finished
products |
2.553.125,16 |
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Sum
stock |
9.142.485,34 |
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Claims
from delivered goods and performed services |
5.103.980,22 |
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Claims
against related firmes Claims against companies with shareholding
relationship |
406.955,15 |
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Other
claims and assets |
226.282,34 |
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Sum
claims |
5.737.217,71 |
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Latente
Steuern |
374.454,86 |
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Cash
on hand, cheques and bank deposits |
3.640.013,62 |
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Sum
cash and bank |
3.640.013,62 |
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Sum
current assets |
18.519.716,67 |
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Deferred
charges |
96.682,89 |
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Sum
deferred charges |
96.682,89 |
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Assets |
29.709.129,70 |
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Subscribed/declared
capital |
700.000,00 |
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Legal
reserves |
70.000,00 |
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Other
reserves |
1.101.519,47 |
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Balance
sheet profit/balance sheet loss |
14.456.798,76 |
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Thereof
profit/loss carried forward |
7.416.944,32 |
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Sum
equity capital |
16.328.318,23 |
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Special
item investment contributions |
6.251,64 |
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Sum
floor capital |
6.251,64 |
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Reserves
for severance pays |
3.498.869,00 |
|
Tax
reserves |
201.866,63 |
|
Other
reserves |
2.144.973,00 |
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Sum
reserves |
5.845.708,63 |
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Liabilities
against credit institutes |
3.800.000,00 |
|
Liabilities
from delivered goods and performed services |
2.186.305,82 |
|
Liabilities
against related firms |
274.164,91 |
|
Other
liabilities |
1.268.380,47 |
|
Sum
liabilities |
7.528.851,20 |
|
|
|
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Liabilities
and shareholders'equity |
29.709.129,70 |
|
Balance
sheet sum |
29.709.129,70 |
|
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|
P / L Account (absolute) all amounts in EUR
|
|
2016-12-31 |
|
Gross
sales |
69.167.879,97 |
|
Increase
or decrease in finished and unfinished goods and in service claims |
921.971,56 |
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Total
turnover or gross profit |
70.089.851,53 |
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|
|
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Profits
from retirement of fixed assets, except financial assets |
5.100,00 |
|
Other
operating profits |
349.870,03 |
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Other
operating profits totally |
354.970,03 |
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|
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Costs
for obtained services |
-4.788.977,85 |
|
Material
costs |
-30.747.342,42 |
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Costs
for obtained services totally |
-35.536.320,27 |
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|
|
|
Wages |
-8.106.018,66 |
|
Salaries |
-5.789.399,83 |
|
Other
social fringe benefits |
-4.253.345,00 |
|
Personnel
expenses totally |
-18.148.763,49 |
|
|
|
|
Depreciation
of intangible assets, tangible assets,activated expenses for the set up and
expansion of business operation |
-1.658.545,16 |
|
Depreciation
tangible assets / intangible assets totally |
-1.658.545,16 |
|
|
|
|
Other
operating costs |
-6.105.490,91 |
|
Administration
costs |
126.597,55 |
|
Total
costs |
-5.978.893,36 |
|
|
|
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Operating
result totally |
9.122.299,28 |
|
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Interest
income, securties income and similar income |
56.730,30 |
|
Interest
and similar disbursements |
-208.378,82 |
|
Financial
profits totally |
-151.648,52 |
|
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|
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Results
from usual business activity totally |
8.970.650,76 |
|
|
|
|
Taxes
on income and profits |
-1.930.796,32 |
|
Taxes
on income and profits totally |
-1.930.796,32 |
|
|
|
|
Annual
surplus/annual deficit totally |
7.039.854,44 |
|
|
|
|
Annual
profit/annual loss totally |
7.039.854,44 |
|
|
|
|
Profit
and loss carried forward from previous year |
7.416.944,32 |
|
Transfer
of profits totally |
7.416.944,32 |
|
|
|
|
B/S
profit/ B/S loss from profit and loss account |
14.456.798,76 |
Key ratios
|
|
2016 |
|
Cashflow
II |
8.698.399,60 |
|
Debt
amortisation period in years |
1,12 |
|
Bank
indebtedness |
12,79 |
|
Equity
capital share in % |
54,98 |
|
Social
capital share |
11,78 |
|
Fixed
assets coverage in % |
185,04 |
|
Net
profit ratio |
12,80 |
|
Capital
turnover |
2,36 |
|
Return
on investment in % |
30,90 |
|
Cashflow
in % of operating performance |
12,41 |
|
Cashflow
I |
10.629.195,92 |
|
Gross
productivity |
3,86 |
|
Net
productivity |
1,90 |
|
Operating
performance |
70.089.851,53 |
|
Inventories
in % of operating performance |
13,04 |
|
Gross
profit |
34.553.531,26 |
Land Register
|
Last
check |
2018-01-25 |
|
Entry
number |
Cadastral
community |
Journal
number |
|
201 |
Losenstein O 49312 |
1020/2010 |
|
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
|
firm
(style) |
1
Weber-Hydraulik GmbH |
|
legal
form |
1
Gesellschaft mit beschränkter Haftung |
|
registered
office |
1
politischer Gemeinde Losenstein |
|
business
adress |
1
Industriegebiet 3+4 |
|
capital |
10
EUR 700.000,00 |
|
reference
date annual accounts |
1
31.Dezember |
|
annual
accounts |
38
zum 31.12.2016 eingereicht am 03.08.2017 |
|
power
of representation |
13
Die Gesellschaft wird, wenn mehrere Geschäftsführer |
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|
proxy |
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Q DI (FH) Walter List, geb. 20.03.1964 |
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managing
director |
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I Alfred Rack, geb. 05.01.1962 |
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shareholder |
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general
table |
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Historical
development
|
Year
of incorporation |
1976 |
|
Date
of registration |
1976-12-30 |
Change
in share capital
|
from |
to |
asset |
|
|
1994-09-23 |
2002-07-19 |
ATS |
9.350.000,00 |
Former
executives
|
from |
to |
position |
name |
|
2013-01-18 |
2017-03-14 |
manager |
Volker
Plücker |
|
2005-10-12 |
2017-03-14 |
joint
signing clerk |
Willibald
Pranzl |
|
2017-03-14 |
2017-12-08 |
joint
signing clerk |
Kurt
Sperrer |
|
2008-03-29 |
2017-12-08 |
joint
signing clerk |
Bernhard
Obermayr |
|
2005-10-12 |
2017-12-08 |
joint
signing clerk |
Alfred
Rack |
|
2005-10-12 |
2014-07-02 |
manager |
Josef
Nöbauer |
|
2002-07-19 |
2005-10-12 |
individual
signing clerk |
Josef
Nöbauer |
|
2005-10-12 |
2015-09-05 |
joint
signing clerk |
Volker
Oberhagemann |
|
2001-04-06 |
2005-10-12 |
individual
signing clerk |
Volker
Oberhagemann |
|
1994-09-23 |
2005-10-12 |
manager |
Martin
Weber |
|
2001-04-06 |
2005-04-20 |
manager |
Lothar
Haselmann |
|
2001-04-06 |
2001-06-19 |
individual
signing clerk |
Fabian
Budde |
|
2008-03-29 |
2017-03-14 |
joint
signing clerk |
Leopold
Brandner |
|
2005-01-04 |
2013-01-18 |
manager |
Bernhard
Herzig |
|
2014-07-02 |
2017-12-08 |
manager |
Hans
Kristian Kerwat |
|
1994-09-23 |
2001-04-06 |
manager |
Günther
Gruber |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.50 |
|
|
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
|
EURO |
1 |
INR 79.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
POJ |
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.