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MIRA INFORM REPORT
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Report No. : |
494316 |
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Report Date : |
06.03.2018 |
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 : |
05.08.1994 |
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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 |
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 : |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 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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Waters Gesellschaft m.b.H. Hietzinger Hauptstraße 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: |
vienna@waters.com |
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Internet: |
http://www.waters.com |
Activities
ÖNACE 46690 100% Wholesale of other machinery and equipment
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 |
126.930.000,00 |
(estimated) |
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total turnover (total sales) |
2016 |
EUR |
125.053.736,62 |
(exact) |
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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 stock |
2018 |
EUR |
2.555.000,00 |
(approx.) |
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total investments |
2016 |
EUR |
5.750,76 |
(exact) |
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total employees |
2018 |
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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 1994-08-05 |
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Companies house number |
FN 110394 w Wien since 1994-08-05 |
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Import |
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Export |
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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: |
2016 |
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Banking connection |
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Locations
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operational |
A-1130 Wien, Hietzinger Hauptstraße 145 |
registered office |
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operational |
A-1130 Wien, Hietzinger Hauptstraße 145 |
registered headquarters |
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0043 1 8771807 |
vienna@waters.com |
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operational |
CZ-14700 Prag, Psohlavcu 43 |
branch agency |
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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Andre Ayache |
1953-08-06 |
F-78000 Versailles bis rue des Tassigny 2 |
manager |
0 |
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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 Preßbaum 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) |
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Andrea Hofmann |
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A-1130 Wien Hietzinger Hauptstraße 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 % |
1994-08-05 |
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Balance Sheet (absolute)
All
amounts in EUR
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2016-12-31 |
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Land and leasehold rights with buildings thereon including
building on land owned by third parties |
39.888,30 |
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Other operating and business equipment |
80.053,55 |
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Sum tangible assets |
119.941,85 |
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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 |
148.196,67 |
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Finished products |
2.555.014,83 |
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Sum stock |
2.555.014,83 |
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Claims from delivered goods and performed services |
21.432.266,23 |
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Claims against related firmes Claims against companies with
shareholding relationship |
2.300.680,27 |
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Other claims and assets |
86.224,80 |
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Sum claims |
23.819.171,30 |
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Latente Steuern |
267.906,99 |
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Cash on hand, cheques and bank deposits |
9.419.813,74 |
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Sum cash and bank |
9.419.813,74 |
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Sum current assets |
35.793.999,87 |
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Deferred charges |
143.930,02 |
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Sum deferred charges |
143.930,02 |
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Assets |
36.354.033,55 |
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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 |
13.637.416,75 |
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Thereof profit/loss carried forward |
10.977.507,23 |
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Sum equity capital |
14.173.306,23 |
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Reserves for severance pays |
710.062,71 |
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Tax reserves |
314.557,89 |
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Other reserves |
1.074.789,14 |
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Sum reserves |
2.099.409,74 |
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Received advanced payments for orders |
754.469,15 |
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Liabilities from delivered goods and performed services |
1.122.508,62 |
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Liabilities against related firms |
13.733.728,26 |
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Other liabilities |
478.137,34 |
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Sum liabilities |
16.088.843,37 |
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Deferred income |
3.992.474,21 |
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Sum deferred income |
3.992.474,21 |
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Liabilities and shareholders'equity |
36.354.033,55 |
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Balance sheet sum |
36.354.033,55 |
P / L Account (absolute)
All
amounts in EUR
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2016-12-31 |
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Gross sales |
125.053.736,62 |
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Total turnover or gross profit |
125.053.736,62 |
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Other operating profits |
8.112,36 |
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Other operating profits totally |
8.112,36 |
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Special account material costs |
-111.554.328,10 |
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Costs for obtained services totally |
-111.554.328,10 |
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Salaries |
-2.887.367,10 |
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Other social fringe benefits |
-951.125,93 |
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Personnel expenses totally |
-3.838.493,03 |
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Depreciation of intangible assets, tangible assets,activated
expenses for the set up and expansion of business operation |
-29.172,33 |
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Depreciation tangible assets / intangible assets totally |
-29.172,33 |
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Other operating costs |
-6.577.492,75 |
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Total costs |
-6.577.492,75 |
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Operating result totally |
3.062.362,77 |
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Interest and similar disbursements |
-810,92 |
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Financial profits totally |
-810,92 |
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Results from usual business activity totally |
3.061.551,85 |
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Taxes on income and profits |
-401.642,33 |
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Taxes on income and profits totally |
-401.642,33 |
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Annual surplus/annual deficit totally |
2.659.909,52 |
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Annual profit/annual loss totally |
2.659.909,52 |
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Profit and loss carried forward from previous year |
10.977.507,23 |
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Transfer of profits totally |
10.977.507,23 |
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B/S profit/ B/S loss from profit and loss account |
13.637.416,75 |
Key ratios
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2016 |
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Cashflow II |
2.689.081,85 |
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Debt amortisation period in years |
2,98 |
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Bank indebtedness |
0,00 |
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Equity capital share in % |
39,81 |
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Social capital share |
1,95 |
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Fixed assets coverage in % |
10.042,98 |
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Net profit ratio |
2,45 |
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Capital turnover |
3,44 |
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Return on investment in % |
8,42 |
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Cashflow in % of operating performance |
2,15 |
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Cashflow I |
3.090.724,18 |
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Gross productivity |
32,58 |
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Net productivity |
3,52 |
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Operating performance |
125.053.736,62 |
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Inventories in % of operating performance |
2,04 |
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Gross profit |
13.499.408,52 |
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 Waters Gesellschaft m.b.H. |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
1 politischer Gemeinde Wien |
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business adress |
1 Hietzinger Hauptstraße 145 |
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capital |
34 EUR 36.336,42 |
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reference date annual accounts |
1 31.Dezember |
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annual accounts |
39 zum 31.12.2016 eingereicht am 18.07.2017 |
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power of representation |
1 Die Generalversammlung bestimmt, wenn mehrere Geschäfts- |
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proxy |
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I Eugene Burns, geb.
21.05.1963 |
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managing director |
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J Ing. Herbert Ottner,
geb. 17.10.1964 |
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shareholder |
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general table |
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Historical
development
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Year of incorporation |
1994 |
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Date of registration |
1994-08-05 |
Change in
share capital
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from |
to |
asset |
|
|
1994-08-05 |
2013-12-19 |
ATS |
500.000,00 |
Former
executives
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from |
to |
position |
name |
|
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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1994-08-05 |
1996-08-24 |
manager |
Michael Melingo |
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2006-12-06 |
2013-12-17 |
manager |
Michael Cornelius Harrington |
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1998-05-07 |
2004-05-07 |
manager |
Hartmut Rabich |
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1996-01-10 |
1996-10-08 |
individual signing clerk |
Wolfgang Prochazka |
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1994-08-05 |
1994-08-17 |
partner |
Werner Huber |
Former
shareholders
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from |
to |
position |
name |
birth date |
|
1994-08-05 |
1994-08-17 |
partner |
Werner Huber |
1950-04-13 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.05 |
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|
1 |
INR 89.70 |
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Euro |
1 |
INR 80.03 |
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Euro |
1 |
INR 80.31 |
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 : |
TRU |
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.