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MIRA
INFORM REPORT
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Report No. : |
494569 |
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Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
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Name : |
JAF GLOBAL GMBH |
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Registered Office : |
Gerbergasse 2, A-2000 Stockerau |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
29.08.2014 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of wood |
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No. of Employees : |
Not available |
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 (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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Activities
ÖNACE 46731 100% Wholesale of wood
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 |
60.900.000,00 |
(estimated) |
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total turnover (total sales) |
2016 |
EUR |
60.000.000,00 |
(approx.) |
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total turnover (total sales) |
2015 |
EUR |
66.500.000,00 |
(approx.) |
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total turnover (total sales) |
2014 |
EUR |
10.000.000,00 |
(approx.) |
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total stock |
2018 |
EUR |
9.200.000,00 |
(approx.) |
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total investments |
2016 |
EUR |
628.690,50 |
(exact) |
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total employees |
2018 |
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(not available) |
General company information
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Company name |
JAF Global GmbH |
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Year of incorporation |
2014 |
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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 2014-08-29 |
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Trade names |
SALES |
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Companies house number |
FN 421147 i Korneuburg since 2014-08-29 |
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Import |
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Export |
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VAT number |
ATU 68937038 |
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number - Austrian National Bank |
17791030 |
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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-2000 Stockerau, Gerbergasse 2 |
registered office |
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operational |
A-2000 Stockerau, Gerbergasse 2 |
registered headquarters |
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0043 2266 60538 |
info@frischeis.com |
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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Mag. Alexander Flatischler |
1978-01-07 |
A-2000 Stockerau Hauptstraße 36 |
manager |
4 |
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Mag. Markus Sax |
1978-08-22 |
A-1100 Wien Moselgasse 12 |
manager |
4 |
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Helmut Führer |
1970-01-07 |
A-2000 Stockerau Fritz-Pregl-Straße 6 |
joint signing clerk |
0 |
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Teemu Korhonen |
1979-03-04 |
A-2000 Stockerau Gerbergasse 2 |
joint signing clerk |
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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Holzwerkstoffe Vertriebsholding Aktiengesellschaft |
A-2000 Stockerau Gerbergasse 2 |
100 % |
2014-08-29 |
FN 66107 t |
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Affiliated companies and further participations: |
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J. u. A. Frischeis Gesellschaft m.b.H. |
A-2000 Stockerau Gerbergasse 2 |
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FN 64543 t |
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JAF ZENGERER GmbH |
A-8055 Graz Puntigam Herrgottwiesgasse 170 |
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FN 51519 p |
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JAF Kapitalbeteiligungs GmbH |
A-2000 Stockerau Gerbergasse 2 |
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FN 225605 y |
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JAF International Services GmbH |
A-2000 Stockerau Gerbergasse 2 |
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FN 232338 z |
Financials
Balance
Sheet (absolute) all amounts in EUR
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2016-12-31 |
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Intangible assets |
32.325,31 |
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Sum intangible assets |
32.325,31 |
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Other operating and business equipment |
3.292,87 |
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Sum tangible assets |
3.292,87 |
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Shares on related firms |
1.736.289,82 |
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Loans to related firms |
4.050.000,00 |
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Sum financial assets |
5.786.289,82 |
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Sum fixed assets |
5.821.908,00 |
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Stocks |
9.176.186,00 |
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Sum stock |
9.176.186,00 |
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Claims against related firmes Claims against companies
with shareholding relationship |
564.702,45 |
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Other claims and assets |
8.781.877,90 |
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Sum claims |
9.346.580,35 |
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Cash on hand, cheques and bank deposits |
199.296,04 |
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Sum cash and bank |
199.296,04 |
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Sum current assets |
18.722.062,39 |
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Deferred charges |
11.145,28 |
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Sum deferred charges |
11.145,28 |
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Assets |
24.555.115,67 |
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Subscribed/declared capital |
100.000,00 |
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Capital reserves |
4.000.000,00 |
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Balance sheet profit/balance sheet loss |
-3.082.784,06 |
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Thereof profit/loss carried forward |
-1.807.871,74 |
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Sum equity capital |
1.017.215,94 |
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Reserves |
210.973,22 |
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Sum reserves |
210.973,22 |
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Liabilities against credit institutes |
2.434.417,72 |
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Liabilities against related firms |
16.191.775,36 |
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Other liabilities |
4.515.193,45 |
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Sum liabilities |
23.141.386,53 |
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Deferred income |
185.539,98 |
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Sum deferred income |
185.539,98 |
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Liabilities and shareholders'equity |
24.555.115,67 |
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Balance sheet sum |
24.555.115,67 |
P / L
Account (absolute) all amounts in EUR
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2016-12-31 |
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Gross profit |
4.920.885,82 |
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Total turnover or gross profit |
4.920.885,82 |
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Income from dissolution of reserves |
2.718,00 |
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Other operating profits |
2.019.127,11 |
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Other operating profits totally |
2.021.845,11 |
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Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business operation |
-16.057,87 |
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Depreciation tangible assets / intangible assets
totally |
-16.057,87 |
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Other operating costs |
-7.808.714,47 |
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Total costs |
-7.808.714,47 |
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Operating result totally |
-882.041,41 |
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Income from other securities and loans of financial
assets |
172.162,51 |
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Interest income, securties income and similar income |
0,18 |
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Interest and similar disbursements |
-565.033,60 |
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Financial profits totally |
-392.870,91 |
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Results from usual business activity totally |
-1.274.912,32 |
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Annual surplus/annual deficit totally |
-1.274.912,32 |
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Annual profit/annual loss totally |
-1.274.912,32 |
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Profit and loss carried forward from previous year |
-1.807.871,74 |
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Transfer of profits totally |
-1.807.871,74 |
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B/S profit/ B/S loss from profit and loss account |
-3.082.784,06 |
Key ratios
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2016 |
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Cashflow II |
-1.258.854,45 |
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Bank indebtedness |
9,91 |
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Equity capital share in % |
4,14 |
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Social capital share |
0,00 |
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Fixed assets coverage in % |
17,47 |
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Return on investment in % |
-2,89 |
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Cashflow I |
-1.258.854,45 |
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Gross profit |
4.920.885,82 |
Commercial register
Source of data from commercial register: Republic of
Austria represented by the Federal Ministry of Justice
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firm (style) |
2 JAF Global GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
1 politischer Gemeinde Stockerau |
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business adress |
1 Gerbergasse 2 |
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capital |
3 EUR 100.000,00 |
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reference date annual accounts |
1 31.Dezember |
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annual accounts |
7 zum 31.12.2016 eingereicht am 12.09.2017 |
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proxy |
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D Teemu
Korhonen, geb. 04.03.1979 |
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managing director |
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A Mag.
Alexander Flatischler, geb. 07.01.1978 |
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shareholder |
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general table |
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Historical development
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Year of incorporation |
2014 |
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Date of registration |
2014-08-29 |
Change of company name
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from |
to |
company name |
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2014-08-29 |
2014-09-12 |
JAF Global Sales GmbH |
Change in share capital
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from |
to |
asset |
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2014-08-29 |
2015-08-20 |
EUR |
35.000,00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 90.12 |
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Euro |
1 |
INR 80.09 |
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Euro |
1 |
INR 80.09 |
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
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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.