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MIRA INFORM REPORT
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Report No. : |
516954 |
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Report Date : |
26.06.2018 |
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 : |
2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Casting of light metals |
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No. of Employees : |
72 [2018] |
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 : |
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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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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 2017 and public debt declined slightly to 81.7% of GDP in 2017 after reaching a post-war high of 84.6% in 2016.
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Source : CIA |
COMPANY
NAME AND ADDRESS
MWS Aluguss GmbH
Egerbach 48
A-6330 Schwoich
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Phone: |
(0043) 5372 5300 |
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Fax: |
(0043) 5372 5300 - 102 |
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E-mail: |
office.kf@mws.eu |
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Internet: |
http://www.mws.eu |
Activities
ÖNACE 24530 100% Casting of light metals
Financial
data
Financial details can also be entered during the period,
irrespective of the balance sheet date.
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total turnover (total sales) |
2017 |
EUR |
15.570.000,00 |
(estimated) |
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total turnover (total sales) |
2016 |
EUR |
15.337.049,56 |
(exact) |
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total turnover (total sales) |
2015 |
EUR |
23.012.727,11 |
(exact) |
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total turnover (total sales) |
2014 |
EUR |
24.042.927,22 |
(exact) |
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total turnover (total sales) |
2013 |
EUR |
20.414.714,12 |
(exact) |
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total stock |
2018 |
EUR |
3.157.000,00 |
(approx.) |
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total investments |
2016 |
EUR |
119.728,02 |
(exact) |
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total company vehicles |
2018 |
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7 |
(approx.) |
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total employees |
2018 |
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72 |
(approx.) |
General company information
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Company name |
MWS Aluguss GmbH |
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Year of incorporation |
2004 |
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Type of company |
Manufacturing |
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Legal form |
limited liability company since 2004-03-12 |
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Companies house number |
FN 245960 g Innsbruck since 2004-03-12 |
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Export |
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VAT number |
ATU 57788335 |
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number - Austrian National Bank |
6322840 |
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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-9020 Klagenfurt, Ebentalerstraße 137 |
branch office, owned property |
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0043 463 33323 |
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operational |
A-6330 Schwoich, Egerbach 48 |
registered office |
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operational |
A-6330 Schwoich, Egerbach 48 |
registered headquarters, rented premises |
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0043 664 8507077 0043 5372 5300 |
office.kf@mws.eu |
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former |
A-9020 Klagenfurt, Ebentalerstraße 137 |
additional branch according to licence of trade, owned
property |
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former |
A-6323 Bad Häring, Schönau 61 |
additional branch according to licence of trade, rented
premises |
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former |
A-6334 Schwoich, Egerbach 48 |
registered headquarters, owned property |
Private
data
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Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the
companies' house) |
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Ing. Detlef Buchmann |
1974-02-28 |
A-8786 Oppenberg Büschendorf 46 |
manager |
4 |
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Mag. Josef Stiegler |
1961-03-04 |
A-6330 Kufstein Locherer Weg 8 |
manager, partner, head of sales, head of marketing,
head of personnel |
15 |
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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Christiane Bolewski |
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A-9020 Klagenfurt Ebentalerstraße 137(c/o) |
head of accounting |
0 |
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Ing. Elmar Bühl |
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A-6334 Schwoich Egerbach 48 |
head of EDP |
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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MWS Industrieholding GmbH |
A-6334 Schwoich Egerbach 48 |
99 % |
2006-11-30 |
FN 285135 t |
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Mag. Josef Stiegler |
A-6330 Kufstein Locherer Weg 8 |
1 % |
2004-03-12 |
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Affiliated companies and further participations: |
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MAAG Automotive GmbH |
A-6334 Schwoich Egerbach 48 |
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FN 327166 b |
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MWS HighTec GmbH |
A-4452 Ternberg Merkurstraße 8 |
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FN 257182 i |
FINANCIALS
Balance
Sheet (absolute) all amounts in EUR
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2016-12-31 |
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Franchises, patents, licences, trademarks and similar
rights and advantages |
5.936,00 |
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Sum intangible assets |
5.936,00 |
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Land and leasehold rights with buildings thereon
including building on land owned by third parties |
819.971,53 |
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Other operating and business equipment |
93.812,00 |
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Technical plants and machines |
515.375,00 |
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Sum tangible assets |
1.429.158,53 |
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Loans to related firms |
300.000,00 |
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Sum financial assets |
300.000,00 |
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Sum fixed assets |
1.735.094,53 |
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Raw-, auxiliary materials and supplies |
565.683,61 |
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Unfinished products |
1.667.057,78 |
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Outstanding service claims |
923.871,21 |
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Sum stock |
3.156.612,60 |
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Claims from delivered goods and performed services |
686.487,68 |
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Claims against related firmes Claims against companies
with shareholding relationship |
802.632,21 |
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Other claims and assets |
734.522,87 |
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Sum claims |
2.223.642,76 |
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Latente Steuern |
3.109,19 |
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Cash on hand, cheques and bank deposits |
27,15 |
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Sum cash and bank |
27,15 |
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Sum current assets |
5.380.282,51 |
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Deferred charges |
50.704,66 |
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Sum deferred charges |
50.704,66 |
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Assets |
7.169.190,89 |
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Subscribed/declared capital |
775.000,00 |
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Balance sheet profit/balance sheet loss |
1.049.188,33 |
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Thereof profit/loss carried forward |
711.502,22 |
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Sum equity capital |
1.824.188,33 |
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Subsidies and contributions |
59.454,66 |
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Sum floor capital |
59.454,66 |
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Other reserves |
634.183,89 |
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Sum reserves |
634.183,89 |
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Loans (including convertible loans) |
75.000,00 |
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Liabilities against credit institutes |
2.056.785,40 |
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Liabilities from delivered goods and performed services |
1.010.057,97 |
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Liabilities against related firms |
1.134.248,66 |
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Other liabilities |
344.201,64 |
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Sum liabilities |
4.620.293,67 |
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Deferred income |
31.070,34 |
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Sum deferred income |
31.070,34 |
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Liabilities and shareholders'equity |
7.169.190,89 |
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Balance sheet sum |
7.169.190,89 |
P / L
Account (absolute) all amounts in EUR
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2016-12-31 |
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Gross sales |
15.337.049,56 |
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Increase or decrease in finished and unfinished goods
and in service claims |
-541.212,73 |
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Other manufacturing costs capitalized |
6.463,20 |
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Total turnover or gross profit |
14.802.300,03 |
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Profits from retirement of fixed assets, except
financial assets |
102.025,00 |
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Other operating profits |
158.952,39 |
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Other operating profits totally |
260.977,39 |
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Costs for obtained services |
-3.296.525,08 |
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Material costs |
-4.986.403,12 |
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Costs for obtained services totally |
-8.282.928,20 |
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Wages |
-1.872.182,83 |
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Salaries |
-1.297.425,56 |
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Costs for severance pays |
-68.475,84 |
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Legal fringe benefits and other payments depending on
salaries |
-904.594,80 |
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Other social fringe benefits |
-40.336,63 |
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Personnel expenses totally |
-4.183.015,66 |
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Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business operation |
-211.233,02 |
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Depreciation tangible assets / intangible assets
totally |
-211.233,02 |
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Other operating costs |
-1.906.439,20 |
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Total costs |
-1.906.439,20 |
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Operating result totally |
479.661,34 |
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Interest income, securties income and similar income |
41.551,80 |
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Interest and similar disbursements |
-146.824,32 |
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Financial profits totally |
-105.272,52 |
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Results from usual business activity totally |
374.388,82 |
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Taxes on income and profits |
-36.702,71 |
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Taxes on income and profits totally |
-36.702,71 |
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Annual surplus/annual deficit totally |
337.686,11 |
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Annual profit/annual loss totally |
337.686,11 |
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Profit and loss carried forward from previous year |
711.502,22 |
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Transfer of profits totally |
711.502,22 |
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B/S profit/ B/S loss from profit and loss account |
1.049.188,33 |
Key ratios
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2016 |
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Cashflow II |
548.919,13 |
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Debt amortisation period in years |
9,57 |
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Bank indebtedness |
28,69 |
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Equity capital share in % |
26,27 |
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Social capital share |
0,00 |
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Fixed assets coverage in % |
108,56 |
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Net profit ratio |
2,53 |
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Capital turnover |
2,06 |
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Return on investment in % |
7,27 |
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Cashflow in % of operating performance |
3,71 |
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Cashflow I |
585.621,84 |
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Gross productivity |
3,54 |
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Net productivity |
1,56 |
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Operating performance |
14.802.300,03 |
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Inventories in % of operating performance |
21,33 |
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Gross profit |
6.519.371,83 |
Land Register
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Last check |
2016-09-23 |
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Entry number |
Cadastral community |
Journal number |
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277 |
St. Peter bei Ebenthal K 72172 |
3875/2016 |
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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) |
3 MWS Aluguss GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
1 politischer Gemeinde Kufstein |
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business adress |
1 Egerbach 48 |
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capital |
1 EUR 775.000,00 |
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reference date annual accounts |
1 31.Dezember |
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annual accounts |
19 zum 31.12.2016 eingereicht am 29.09.2017 |
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power of representation |
1 Sind zwei oder mehrere Geschäftsführer bestellt, so
regelt |
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managing director |
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A Mag. Josef
Stiegler, geb. 04.03.1961 |
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shareholder |
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general table |
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Historical
development
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Year of incorporation |
2004 |
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Date of registration |
2004-03-12 |
Change of company name
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from |
to |
company name |
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2004-03-12 |
2006-11-24 |
Metallwerke Stiegler Gesellschaft m.b.H. |
Former executives
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from |
to |
position |
name |
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2004-03-12 |
2006-11-30 |
partner |
Laurenz Strebl |
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2004-03-12 |
2006-11-30 |
partner |
Gertrud Stiegler |
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2004-03-12 |
2006-11-30 |
partner |
Martin Sandholzer |
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2004-03-12 |
2015-06-04 |
manager |
Martin Sandholzer |
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2004-03-12 |
2006-11-24 |
partner |
Klaus Schützdeller |
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2004-03-12 |
2006-11-30 |
partner |
Christoph Senft |
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2006-11-24 |
2009-05-13 |
manager |
Christoph Senft |
Former shareholders
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from |
to |
position |
name |
birth date |
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2004-03-12 |
2006-11-30 |
partner |
Martin Sandholzer |
1953-11-06 |
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2004-03-12 |
2006-11-24 |
partner |
Klaus Schützdeller |
1959-06-27 |
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2004-03-12 |
2006-11-30 |
partner |
Christoph Senft |
1961-03-07 |
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2004-03-12 |
2006-11-30 |
partner |
Laurenz Strebl |
1966-04-27 |
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2004-03-12 |
2006-11-24 |
partner |
BA&P Beteiligungs GmbH |
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2004-03-12 |
2006-11-30 |
partner |
Gertrud Stiegler |
1959-03-21 |
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2006-11-24 |
2006-11-30 |
partner |
C.A.P. Holding GmbH |
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Former shareholdings
|
from |
to |
company name |
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2004-12-30 |
2006-12-22 |
MWS HighTec GmbH |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.15 |
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1 |
INR 90.27 |
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Euro |
1 |
INR 79.35 |
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Euro |
1 |
INR 79.56 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VAR |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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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 |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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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.