|
|
|
MIRA INFORM REPORT
|
Report No. : |
494877 |
|
Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
GLOCK GESELLSCHAFT M.B.H. |
|
|
|
|
Registered Office : |
Gaston Glockpark 1, A-9170 Ferlach |
|
|
|
|
Country : |
Austria |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
1963 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Weapons and Ammunition |
|
|
|
|
No. of Employees : |
900 (Approx. - 2018) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
Austria |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
Company name & address
Phone: (0043) 4227 3455
Fax: (0043) 4227 3455 - 12
E-mail: impressum@glock.com
Internet: http://www.glock.com
Activities
ÖNACE 25400 100% Manufacture of Weapons and Ammunition
Financial
data
Financial details can also be entered during the period, irrespective of
the balance sheet date.
|
Total Turnover (Total Sales) |
2017 |
EUR |
428.870.000,00 |
(estimated) |
|
Total Turnover (Total Sales) |
2016 |
EUR |
422.530.239,50 |
(exact) |
|
Total Turnover (Total Sales) |
2015 |
EUR |
266.517.836,10 |
(exact) |
|
Total Turnover (Total Sales) |
2014 |
EUR |
233.991.318,53 |
(exact) |
|
Total Turnover (Total Sales) |
2013 |
EUR |
252.380.258,83 |
(exact) |
|
Turnover (Sales) - Group |
2016 |
EUR |
709.487.976,43 |
(exact) |
|
Turnover (Sales) - Group |
2015 |
EUR |
501.558.955,00 |
(exact) |
|
Turnover (Sales) - Group |
2014 |
EUR |
322.204.930,00 |
(exact) |
|
Turnover (Sales) - Group |
2013 |
EUR |
385.363.701,00 |
(exact) |
|
Turnover (Sales) - Group |
2012 |
EUR |
300.045.694,00 |
(exact) |
|
Total Stock |
2018 |
EUR |
42.383.000,00 |
(approx.) |
|
Total Investments |
2016 |
EUR |
57.978.076,34 |
(exact) |
|
Total Employees |
2018 |
|
900 |
(approx.) |
General company information
|
Company name |
Glock Gesellschaft m.b.H. |
||||||||||||
|
Year of incorporation |
1963 |
||||||||||||
|
Type of company |
Manufacturing |
||||||||||||
|
Legal form |
limited liability company since 1980-12-18 |
||||||||||||
|
Trade names |
GLOCK |
||||||||||||
|
Companies house number |
FN 64142 b Klagenfurt since 1981-01-09 |
||||||||||||
|
Import |
|
||||||||||||
|
Export |
|
||||||||||||
|
VAT number |
ATU 17810803 |
||||||||||||
|
number - Austrian National Bank |
822078 |
||||||||||||
|
Last balance sheet: |
2016 |
||||||||||||
|
Banking connection |
|
Locations
|
operational |
A-9170 Ferlach, Gaston-Glock-Park 1 |
registered office |
|
operational |
A-2232 Deutsch-Wagram, Nelkengasse 1 |
branch office, rented premises |
|
operational |
A-9170 Ferlach, Gaston Glockpark 1 |
registered headquarters, owned property |
|
|
0043 4227 3455 |
impressum@glock.com |
|
operational |
A-2232 Deutsch-Wagram, Gaston Glock-Platz 1 |
branch agency |
|
|
0043 2247 90300 |
|
|
operational |
A-2232 Deutsch-Wagram, Hausfeldstraße 17 |
branch office, rented premises |
|
former |
A-2232 Deutsch-Wagram, Hausfeldstraße 17 |
registered office, |
|
former |
A-9170 Ferlach, Loiblstraße 16 |
registered office, |
|
former |
A-2232 Deutsch Wagram, Nelkengasse 3 |
registered headquarters, |
|
former |
A-9170 Ferlach, Loiblstraße 16 |
registered headquarters, |
|
former |
A-2232 Deutsch Wagram, Hausfeldstraße 17 |
office |
|
former |
A-2232 Deutsch Wagram, Hausfeldstraße 17 |
registered headquarters, |
Private data
|
Surname |
Date of birth |
Address |
Executive positions |
Further executive positions (as registered in the companies' house) |
|
Mag.Dr. Stephan Dörler |
1972-03-17 |
A-2201 Gerasdorf Feldgasse 88A |
manager |
14 |
|
Dr. Günter Gigacher |
1976-02-14 |
A-9020 Klagenfurt am Wörthersee Wiesengasse 15 |
manager |
3 |
|
Ing. Gaston Glock |
1929-07-19 |
A-9220 Velden Klagenfurterstraße 32a |
manager |
28 |
|
Josef Korenjak |
1959-12-31 |
A-9173 St. Margarethen Rosental St Margareten 6 |
manager |
3 |
|
Ing. Josef Kroyer |
1964-07-17 |
A-7023 Zemendorf Kirschblütenweg 14 |
manager |
1 |
|
Helga Glock |
1935-12-23 |
A-1010 Wien Rochkhgasse 6 |
partner |
1 |
|
Richard Flür |
1971-11-01 |
A-1030 Wien Landstraßer Hauptstraße 12 |
joint signing clerk |
0 |
|
Hugo Gentilini |
1959-09-28 |
A-9170 Ferlach Rauthweg 6 |
joint signing clerk |
0 |
|
Hermann Krolopp |
1975-08-07 |
A-9173 St. Margareten im Rosental Sankt Margareten 99 |
joint signing clerk |
0 |
|
Ing. Josef Pfundner |
1969-12-11 |
A-2202 Enzersfeld Hauptstraße 30 |
joint signing clerk |
0 |
|
Ing. Gerald Schmalzbauer |
1967-10-03 |
A-1220 Wien Stadlbreitener Anger 11 |
joint signing clerk |
0 |
|
Mag. Herbert Titze |
1960-09-19 |
A-9020 Klagenfurt Dr. Arthur Lemischplatz 5 |
chairman of the supervisory board |
20 |
|
Dr. Birgit Lajtai Nagl |
1970-04-24 |
A-9500 Villach Hausergasse 27 |
deputy chairman of the supervisory board |
1 |
|
Friedrich Dechant |
1937-01-12 |
A-2020 Hollabrunn Emmy Stradal-Straße 31/1 |
member of the supervisory board |
0 |
|
Kathrin Glock |
1980-11-26 |
A-9220 Velden am Wörther See Klagenfurter Straße 32a |
member of the supervisory board |
8 |
Ownership
structure and related companies
|
Company name |
Address |
Shareholdings in % |
Since |
Commercial register no. |
|
Shares in this company are held by: |
||||
|
Glock Privatstiftung |
A-9220 Velden Klagenfurterstraße 32a und 32b |
99 % |
2003-06-28 |
FN 187808 p |
|
Helga Glock |
A-1010 Wien Rochkhgasse 6 |
1 % |
1993-11-30 |
|
|
|
||||
|
Affiliated companies and further participations: |
||||
|
Glock Technology GmbH |
A-2232 Deutsch Wagram Gaston Glock-Platz 1 |
|
|
FN 363986 z |
|
Glock Bau GmbH |
A-9521 Treffen Gaston Glockstraße 8 |
|
|
FN 432307 x |
|
Glock Health, Science and Research GmbH |
A-2232 Deutsch Wagram Hausfeldstraße 17 |
|
|
FN 237097 y |
|
INC Holding GmbH |
A-9220 Velden Klagenfurterstraße 32 a |
|
|
FN 260393 g |
|
Glock Ökoenergie GmbH |
A-9112 Griffen Bengerstraße 1 |
|
|
FN 322734 i |
Balance Sheet (absolute) all amounts in EUR
|
|
2016-12-31 |
|
Franchises, patents, licences, trademarks and similar rights and
advantages |
562.805,00 |
|
Sum intangible assets |
562.805,00 |
|
|
|
|
Land and leasehold rights with buildings thereon including building on
land owned by third parties |
81.363.761,81 |
|
Special account plants and machines |
65.383.947,00 |
|
Other operating and business equipment |
42.239.679,03 |
|
Advanced payments and constructions in progress |
10.492.482,06 |
|
Sum tangible assets |
199.479.869,90 |
|
|
|
|
Shares on related firms |
5.328.245,62 |
|
Sum financial assets |
5.328.245,62 |
|
|
|
|
Sum fixed assets |
205.370.920,52 |
|
|
|
|
Raw-, auxiliary materials and supplies |
13.784.051,08 |
|
Unfinished products |
25.022.298,90 |
|
Finished products |
3.577.128,26 |
|
Sum stock |
42.383.478,24 |
|
|
|
|
Claims from delivered goods and performed services |
3.413.497,14 |
|
Claims against related firmes Claims against companies with
shareholding relationship |
61.458.411,26 |
|
Other claims and assets |
15.808.867,40 |
|
Sum claims |
80.680.775,80 |
|
|
|
|
Cash on hand, cheques and bank deposits |
155.389.504,30 |
|
Sum cash and bank |
155.389.504,30 |
|
|
|
|
Sonstige Aktiva |
5.073.388,54 |
|
Sum current assets |
278.453.758,34 |
|
|
|
|
Deferred charges |
177.920,18 |
|
Sum deferred charges |
177.920,18 |
|
Assets |
489.075.987,58 |
|
|
|
|
Subscribed/declared capital |
1.017.419,68 |
|
Legal reserves |
101.741,97 |
|
Other reserves |
300.932.081,84 |
|
Balance sheet profit/balance sheet loss |
96.622.488,06 |
|
Thereof profit/loss carried forward |
19.346.081,06 |
|
Sum equity capital |
398.673.731,55 |
|
|
|
|
Reserves for severance pays |
7.183.746,47 |
|
Tax reserves |
15.601.249,26 |
|
Other reserves |
19.793.869,87 |
|
Sum reserves |
42.578.865,60 |
|
|
|
|
Received advanced payments for orders |
310.478,92 |
|
Liabilities from delivered goods and performed services |
31.721.272,09 |
|
Liabilities against related firms |
10.294.737,87 |
|
Other liabilities |
3.852.594,62 |
|
Sum liabilities |
46.179.083,50 |
|
|
|
|
Deferred income |
1.644.306,93 |
|
Sum deferred income |
1.644.306,93 |
|
|
|
|
Liabilities and shareholders'equity |
489.075.987,58 |
|
Balance sheet sum |
489.075.987,58 |
P / L Account (absolute) all amounts in EUR
|
|
2016-12-31 |
|
Gross sales |
422.530.239,50 |
|
Increase or decrease in finished and unfinished goods and in service
claims |
6.098.962,37 |
|
Total turnover or gross profit |
428.629.201,87 |
|
|
|
|
Profits from retirement of fixed assets, except financial assets |
1.555.358,95 |
|
Other operating profits |
4.363.776,08 |
|
Other operating profits totally |
5.919.135,03 |
|
|
|
|
Costs for obtained services |
-19.173.283,79 |
|
Material costs |
-45.595.940,75 |
|
Costs for obtained services totally |
-64.769.224,54 |
|
|
|
|
Wages |
-33.802.951,56 |
|
Salaries |
-17.158.246,50 |
|
Other social fringe benefits |
-16.008.512,25 |
|
Personnel expenses totally |
-66.969.710,31 |
|
|
|
|
Depreciation of intangible assets, tangible assets,activated expenses for
the set up and expansion of business operation |
-22.270.995,35 |
|
Depreciation tangible assets / intangible assets totally |
-22.270.995,35 |
|
|
|
|
Other operating costs |
-162.268.687,26 |
|
Total costs |
-162.268.687,26 |
|
|
|
|
Operating result totally |
118.269.719,44 |
|
|
|
|
Profits from shareholdings |
39.367.278,32 |
|
Interest income, securties income and similar income |
669.120,09 |
|
Interest and similar disbursements |
-12.867,47 |
|
Financial profits totally |
40.023.530,94 |
|
|
|
|
Results from usual business activity totally |
158.293.250,38 |
|
|
|
|
Taxes on income and profits |
-31.016.843,38 |
|
Taxes on income and profits totally |
-31.016.843,38 |
|
|
|
|
Annual surplus/annual deficit totally |
127.276.407,00 |
|
|
|
|
Transfer to profit reserves |
-50.000.000,00 |
|
Reserves movements totally |
-50.000.000,00 |
|
|
|
|
Annual profit/annual loss totally |
77.276.407,00 |
|
|
|
|
Profit and loss carried forward from previous year |
19.346.081,06 |
|
Transfer of profits totally |
19.346.081,06 |
|
|
|
|
B/S profit/ B/S loss from profit and loss account |
96.622.488,06 |
Key ratios
|
|
2016 |
|
Cashflow II |
149.547.402,35 |
|
Debt amortisation period in years |
0,45 |
|
Bank indebtedness |
0,00 |
|
Equity capital share in % |
81,57 |
|
Social capital share |
1,47 |
|
Fixed assets coverage in % |
197,62 |
|
Net profit ratio |
36,93 |
|
Capital turnover |
0,88 |
|
Return on investment in % |
32,37 |
|
Cashflow in % of operating performance |
34,89 |
|
Cashflow I |
180.564.245,73 |
|
Gross productivity |
6,40 |
|
Net productivity |
5,43 |
|
Operating performance |
428.629.201,87 |
|
Inventories in % of operating performance |
9,89 |
|
Gross profit |
363.859.977,33 |
Land Register
|
Last check |
2016-08-10 |
|
Entry number |
Cadastral community |
Journal number |
|
1579 |
Ferlach
K 72002 |
192/2013 |
|
Section A – type of property: |
|
|
|
Section B – ownership structure: |
|
|
|
Section C – encumbrances: |
|
|
Commercial
register
|
Firm (Style) |
1 Glock Gesellschaft m.b.H. |
|
Legal Form |
1 Gesellschaft mit beschränkter Haftung |
|
Registered Office |
6 politischer Gemeinde Ferlach |
|
Business Adress |
58 Gaston-Glock-Park 1 |
|
Capital |
1 ATS 14.000.000,00 |
|
Reference Date Annual Accounts |
39 31.Dezember |
|
Annual Accounts |
69 zum 31.12.2016 eingereicht am 20.06.2017 |
|
Consolidated Accounts |
69 zum 31.12.2016 eingereicht am 20.06.2017 |
|
Power Of Representation |
1 Die Generalversammlung bestimmt, wenn
mehrere Geschäfts- |
|
|
|
|
Proxy |
|
|
O
Ing Gerald Schmalzbauer, Geb. 03.10.1967 |
|
|
|
|
|
Supervisory Board |
|
|
X
Kathrin Glock, Geb. 26.11.1980 |
|
|
|
|
|
Managing Director |
|
|
A
Ing Gaston Glock, Geb. 19.07.1929 |
|
|
|
|
|
Shareholder |
|
|
|
|
|
|
|
|
General Table |
|
|
|
|
Historical
development
|
Year of incorporation |
1963 |
|
Date of registration |
1981-01-09 |
Former
executives
|
From |
To |
Position |
Name |
|
2010-03-09 |
2015-01-23 |
joint signing clerk |
Josef Korenjak |
|
2013-07-11 |
2014-03-05 |
member of the supervisory board |
Birgit Lajtai Nagl |
|
2012-01-14 |
2014-03-05 |
chairman of the supervisory board |
Maximilian Eiselsberg |
|
2010-03-09 |
2011-06-17 |
joint signing clerk |
Stephan Dörler |
|
1993-11-30 |
2011-11-18 |
partner |
Gaston Glock |
|
1993-11-30 |
2011-12-03 |
manager |
Gaston Glock |
|
1993-11-30 |
1999-06-08 |
joint signing clerk |
Peter Brock |
|
2014-05-27 |
2016-06-04 |
joint signing clerk |
Bruno Hirsnik |
|
2009-01-16 |
2010-03-16 |
manager |
Brigitte Glock |
|
1995-06-17 |
2009-01-16 |
individual signing clerk |
Brigitte Glock |
|
1993-11-30 |
2009-01-16 |
joint signing clerk |
Reinhold Hirschheiter |
|
2009-01-16 |
2014-12-10 |
manager |
Reinhold Hirschheiter |
|
2010-03-09 |
2015-01-23 |
joint signing clerk |
Josef Kroyer |
|
2010-03-09 |
2010-05-18 |
individual signing clerk |
Andreas Steindl |
|
2010-05-18 |
2015-11-13 |
joint signing clerk |
Andreas Steindl |
|
2013-07-11 |
2013-07-25 |
member of the supervisory board |
Herbert Titze |
|
2013-07-25 |
2014-03-05 |
deputy chairman of the supervisory board |
Herbert Titze |
|
2008-07-26 |
2008-09-26 |
manager |
Franz Sonnberger |
|
2001-03-09 |
2004-02-07 |
joint signing clerk |
Herbert Weikinger |
|
2014-05-27 |
2016-05-11 |
joint signing clerk |
Günter Gigacher |
|
2010-03-09 |
2014-01-17 |
manager |
Werner Ruppnig |
|
1997-07-08 |
2004-02-07 |
joint signing clerk |
Hubert Willam |
|
2012-01-14 |
2013-07-11 |
deputy chairman of the supervisory board |
Jörg Andreas Lohr |
|
2012-01-14 |
2013-07-11 |
member of the supervisory board |
Karl Elmar Ther |
|
2012-01-14 |
2013-07-11 |
member of the supervisory board |
Markus Terhürne |
|
2004-02-07 |
2010-06-09 |
joint signing clerk |
Gaston Glock |
Former
shareholders
|
From |
To |
Position |
Name |
Birth Date |
|
1999-11-25 |
2001-09-21 |
partner |
Glock Privatstiftung |
|
|
1993-11-30 |
2011-11-18 |
partner |
Gaston Glock |
1929-07-19 |
|
2001-09-21 |
2003-06-28 |
partner |
Barchessa Trading, Sociedade Unipessoal, Lda. |
|
Former
shareholdings
|
From |
To |
Company Name |
|
1996-02-29 |
2000-04-08 |
Braunegg Lufttaxi Gesellschaft m.b.H. |
|
2006-02-11 |
2006-02-24 |
Glock Elektronik GmbH |
|
2016-12-17 |
2017-06-27 |
"Glock Industrie-Immobilien GmbH" |
|
2011-07-14 |
2012-04-06 |
Glock Services GmbH |
Mergers
|
On |
Position |
Name |
|
2012-04-06 |
merged with |
Glock Services GmbH |
|
2017-07-03 |
merged with |
"Glock Industrie-Immobilien GmbH" |
|
2006-03-01 |
merged with |
Glock Elektronik GmbH |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 90.12 |
|
Euro |
1 |
INR 80.09 |
|
Euro |
1 |
INR 80.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
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.