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MIRA INFORM REPORT
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Report No. : |
517221 |
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Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
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Name : |
MAYER & CO BESCHLÄGE GMBH |
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Registered Office : |
Alpenstraße 173, A-5020 Salzburg |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1947 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject engaged in Manufacture of hinges |
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No. of Employees : |
550 |
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 : |
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
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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
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Activities
ÖNACE 25722 100% Manufacture of hinges
Financial
data
Financial details can also be entered during the period,
irrespective of the balance sheet date.
|
total turnover (total sales) |
2017 |
EUR |
227.237.000,00 |
(exact) |
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total turnover (total sales) |
2016 |
EUR |
223.878.665,98 |
(exact) |
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total turnover (total sales) |
2015 |
EUR |
207.639.188,15 |
(exact) |
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total turnover (total sales) |
2014 |
EUR |
222.982.891,68 |
(exact) |
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total turnover (total sales) |
2013 |
EUR |
230.923.231,44 |
(exact) |
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turnover (sales) - group |
2015 |
EUR |
263.044.021,00 |
(exact) |
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turnover (sales) - group |
2014 |
EUR |
281.727.283,77 |
(exact) |
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turnover (sales) - group |
2013 |
EUR |
291.082.074,00 |
(exact) |
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turnover (sales) - group |
2012 |
EUR |
305.447.861,33 |
(exact) |
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turnover (sales) - group |
2011 |
EUR |
306.049.780,45 |
(exact) |
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total stock |
2018 |
EUR |
18.806.000,00 |
(approx.) |
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total investments |
2016 |
EUR |
15.368.452,80 |
(exact) |
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total company vehicles |
2018 |
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40 |
(approx.) |
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total employees |
2018 |
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550 |
(approx.) |
General company information
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Company name |
Mayer & Co Beschläge GmbH |
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Year of incorporation |
1947 |
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Type of company |
Manufacturing |
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Legal form |
limited liability company since 1995-08-02 |
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Trade names |
MACO |
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Companies house number |
FN 136280 m Salzburg since 1995-08-09 |
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Import |
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Export |
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VAT number |
ATU 39042709 |
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DVR number |
0009911 |
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ARA-number |
3053 |
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number - Austrian National Bank |
2583720 |
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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-5020 Salzburg, Alpenstraße 173 |
registered office |
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operational |
A-5020 Salzburg, Alpenstraße 173 |
registered headquarters, owned property |
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0043 662 6196 |
maco@maco.at |
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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Dkfm. Guido Felix |
1963-03-16 |
A-5026 Salzburg Aigen Karl Reisenbichlerstraße 16 |
manager |
20 |
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Ewald Marschallinger |
1975-05-04 |
A-4224 Wartberg Aist Hauptstraße 43 |
manager |
4 |
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Dipl-Ing. Ernst Mayer |
1943-11-20 |
A-5020 Salzburg Alpenstraße 173 |
manager |
22 |
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Mag. Ulrich Wagner |
1965-06-07 |
A-1230 Wien Othellogasse 1 |
manager |
12 |
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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Christian Rawer |
|
A-5020 Salzburg Alpenstraße 173 |
head of purchasing |
0 |
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Andrea Domberger |
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A-5020 Salzburg Alpenstraße |
technical director |
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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Mayer & Co Holding GmbH |
A-5020 Salzburg Alpenstraße 173 |
100 % |
2014-11-13 |
FN 420843 m |
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This company holds 50% to 99% of the shares in: |
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MACO Vertriebsgesellschaft m.b.H. |
A-5020 Salzburg Alpenstraße 173 |
99 % |
2004-11-17 |
FN 255131 v |
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Affiliated companies and further participations: |
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MACO Industrieanlagen GmbH |
A-5020 Salzburg Alpenstraße 173 |
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FN 30964 k |
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ZELOS Immobilienbesitz und Verwaltungs GmbH |
A-5020 Salzburg Alpenstraße 173 |
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FN 327170 h |
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MACO Technologie GmbH |
A-5020 Salzburg Alpenstraße 173 |
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FN 350255 g |
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MACO Produktions GmbH |
A-8784 Trieben Industriestraße 1 |
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FN 242538 z |
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MACO Baubeschlag Produktions & Betriebs GmbH |
A-5570 Mauterndorf Steindorf 67 |
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FN 350256 h |
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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 |
38.760,00 |
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Sum intangible assets |
38.760,00 |
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Other operating and business equipment |
705.310,00 |
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Technical plants and machines |
1.412.795,00 |
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Sum tangible assets |
2.118.105,00 |
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Shares on related firms |
10.392.590,64 |
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Other financial assets, values and securities of fixed assets |
26.322.423,50 |
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Sum financial assets |
36.715.014,14 |
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Sum fixed assets |
38.871.879,14 |
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Raw-, auxiliary materials and supplies |
3.905.312,42 |
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Unfinished products |
3.968.834,06 |
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Finished products |
10.931.942,86 |
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Sum stock |
18.806.089,34 |
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Claims from delivered goods and performed services |
2.830.852,11 |
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Claims against related firmes Claims against companies with
shareholding relationship |
27.357.013,25 |
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Other claims and assets |
7.355.374,17 |
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Sum claims |
37.543.239,53 |
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Latente Steuern |
2.743.658,55 |
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Cash on hand, cheques and bank deposits |
1.222.162,20 |
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Sum cash and bank |
1.222.162,20 |
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Sum current assets |
57.571.491,07 |
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Deferred charges |
280.893,73 |
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Sum deferred charges |
280.893,73 |
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Assets |
99.467.922,49 |
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Subscribed/declared capital |
73.000,00 |
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Not committed capital reserves |
50.000.000,00 |
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Legal reserves |
7.300,00 |
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Other reserves |
72.821,74 |
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Balance sheet profit/balance sheet loss |
8.932.172,60 |
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Thereof profit/loss carried forward |
6.472.788,12 |
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Sum equity capital |
59.085.294,34 |
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Reserves for severance pays |
3.106.187,28 |
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Reserves for pensions |
1.241.334,00 |
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Other reserves |
9.204.880,97 |
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Sum reserves |
13.552.402,25 |
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Liabilities against credit institutes |
15.000.000,00 |
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Liabilities from delivered goods and performed services |
2.144.790,40 |
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Liabilities against related firms |
7.439.703,27 |
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Other liabilities |
2.245.732,23 |
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Sum liabilities |
26.830.225,90 |
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Liabilities and shareholders'equity |
99.467.922,49 |
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Balance sheet sum |
99.467.922,49 |
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P / L Account (absolute) all amounts in EUR
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2016-12-31 |
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Gross sales |
223.878.665,98 |
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Increase or decrease in finished and unfinished goods and in
service claims |
1.085.184,49 |
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Total turnover or gross profit |
224.963.850,47 |
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Profits from retirement of fixed assets, except financial assets |
42.678,32 |
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Income from dissolution of reserves |
174.050,50 |
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Other operating profits |
2.515.124,17 |
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Other operating profits totally |
2.731.852,99 |
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Costs for obtained services |
-3.675.094,87 |
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Material costs |
-161.012.664,39 |
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Costs for obtained services totally |
-164.687.759,26 |
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Wages |
-6.588.993,59 |
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Salaries |
-19.410.528,34 |
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Other social fringe benefits |
-9.099.712,07 |
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Personnel expenses totally |
-35.099.234,00 |
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Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-1.122.319,00 |
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Depreciation tangible assets / intangible assets totally |
-1.122.319,00 |
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Other operating costs |
-31.529.841,94 |
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Total costs |
-31.529.841,94 |
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Operating result totally |
-4.743.450,74 |
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Profits from shareholdings |
4.039.254,27 |
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Income from other securities and loans of financial assets |
6.000,00 |
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Interest income, securties income and similar income |
675.773,27 |
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Interest and similar disbursements |
-239.573,92 |
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Financial profits totally |
4.481.453,62 |
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Results from usual business activity totally |
-261.997,12 |
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Taxes on income and profits |
2.721.381,60 |
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Taxes on income and profits totally |
2.721.381,60 |
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Annual surplus/annual deficit totally |
2.459.384,48 |
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Annual profit/annual loss totally |
2.459.384,48 |
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Profit and loss carried forward from previous year |
6.472.788,12 |
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Transfer of profits totally |
6.472.788,12 |
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B/S profit/ B/S loss from profit and loss account |
8.932.172,60 |
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Key ratios
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2016 |
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Cashflow II |
3.581.703,48 |
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Debt amortisation period in years |
10,93 |
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Bank indebtedness |
15,08 |
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Equity capital share in % |
59,40 |
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Social capital share |
4,37 |
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Fixed assets coverage in % |
163,18 |
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Net profit ratio |
-0,12 |
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Capital turnover |
2,26 |
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Return on investment in % |
-0,02 |
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Cashflow in % of operating performance |
1,59 |
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Cashflow I |
860.321,88 |
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Gross productivity |
6,41 |
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Net productivity |
1,72 |
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Operating performance |
224.963.850,47 |
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Inventories in % of operating performance |
8,36 |
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Gross profit |
60.276.091,21 |
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 Mayer & Co Beschläge GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
1 politischer Gemeinde Salzburg |
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business adress |
1 Alpenstraße 173 |
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capital |
7 EUR 73.000,00 |
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reference date annual accounts |
4 31.Dezember |
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annual accounts |
43 zum 31.12.2016 eingereicht am 29.09.2017 |
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consolidated accounts |
40 zum 31.12.2015 eingereicht am 12.09.2016 |
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power of representation |
1 Die Gesellschaft wird, wenn mehrere Geschäftsführer |
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managing director |
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A Dipl.Ing. Ernst
Mayer, geb. 20.11.1943 |
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shareholder |
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general table |
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Historical
development
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Year of incorporation |
1947 |
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Date of registration |
1995-08-09 |
Change
in share capital
|
from |
to |
asset |
|
|
1995-08-09 |
2000-05-24 |
ATS |
1.000.000,00 |
Former
executives
|
from |
to |
position |
name |
|
2015-01-30 |
2015-09-12 |
manager |
Herbert Steiner |
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2009-12-04 |
2017-02-09 |
manager |
Jürgen Pratschke |
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1995-08-09 |
1995-08-11 |
partner |
Wolfgang Lirk |
Former
shareholders
|
from |
to |
position |
name |
birth date |
|
1995-08-09 |
2001-09-06 |
partner |
Mayer Holding GmbH |
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|
1995-08-09 |
1995-08-11 |
partner |
Wolfgang Lirk |
1940-11-27 |
|
2001-09-06 |
2014-11-13 |
partner |
Diplomingenieur Ernst Mayer'sche Privatstiftung |
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Mergers
|
On |
position |
name |
|
2001-03-29 |
merged with |
Mayer & Co. Beschläge Aktiengesellschaft |
|
2001-09-07 |
merged with |
Mayer Holding GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.52 |
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|
1 |
INR 90.60 |
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Euro |
1 |
INR 79.87 |
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Euro |
1 |
INR 79.57 |
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 : |
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.