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MIRA INFORM REPORT
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Report No. : |
498180 |
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Report Date : |
21.03.2018 |
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) : |
31.07.2016 |
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Date of Incorporation : |
1969 |
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Legal Form : |
limited liability company |
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Line of Business : |
·
Computer programming activities
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No. of Employees : |
63 |
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 (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
Following two decades of continuous growth, low unemployment, contained inflation, very low public debt, and a strong and stable financial system, Australia enters 2018 facing a range of growth constraints, principally driven by the sharp fall in global prices of key export commodities. Demand for resources and energy from Asia and especially China has stalled and sharp drops in current prices have impacted growth.
The services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control.
Australia benefited from a dramatic surge in its terms of trade in recent years, although this trend has reversed due to falling global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas Project, will significantly expand the resources sector.
Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the WTO, APEC, the G20, and other trade forums. Australia’s free trade agreement (FTA) with China entered into force in 2015, adding to existing FTAs with the Republic of Korea, Japan, Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, and a regional FTA with ASEAN and New Zealand. Australia continues to negotiate bilateral agreements with India and Indonesia, as well as larger agreements with its Pacific neighbors and the Gulf Cooperation Council countries, and an Asia-wide Regional Comprehensive Economic Partnership that includes the 10 ASEAN countries and China, Japan, Korea, New Zealand and India.
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Source
: CIA |
Company
name and address
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SCHUHFRIED GmbH Hyrtlstraße 45 A-2340 Mödling |
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Phone: |
(0043) 2236 42315 |
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Fax: |
(0043) 2236 46597 |
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E-mail: |
info@schuhfried.at |
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Internet: |
http://www.schuhfried.at |
Activities
ÖNACE 62010 70% Computer programming activities
ÖNACE 26600 30% Manufacture of irradiation, electromedical and
electrotherapeutic equipment
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 |
7.500.000,00 |
(estimated) |
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total turnover (total sales) |
2016 |
EUR |
7.200.000,00 |
(approx.) |
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total turnover (total sales) |
2015 |
EUR |
6.400.000,00 |
(approx.) |
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total turnover (total sales) |
2014 |
EUR |
6.200.000,00 |
(approx.) |
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total turnover (total sales) |
2013 |
EUR |
6.586.000,00 |
(approx.) |
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total stock |
2018 |
EUR |
459.000,00 |
(approx.) |
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total investments |
2016 |
EUR |
1.278.801,15 |
(exact) |
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total company vehicles |
2018 |
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3 |
(approx.) |
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total employees |
2018 |
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63 |
(approx.) |
General company information
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Company name |
SCHUHFRIED GmbH |
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Year of incorporation |
1969 |
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Type of company |
Information and communication |
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Legal form |
limited liability company since 1978-07-11 |
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Trade names |
GERNOT |
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Companies house number |
FN 104661 p Wiener Neustadt since 1978-09-14 |
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Export |
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VAT number |
ATU 19273809 |
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number - Austrian National Bank |
682187 |
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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-2340 Mödling, Hyrtlstraße 45 |
registered office |
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operational |
A-2340 Mödling, Hyrtlstraße 45 |
registered headquarters, rented premises |
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0043 2236 42315 |
info@schuhfried.at |
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former |
D-14473 Potsdam, Rudolf Breitscheidstraße |
secondary branch, |
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former |
D-14482 Potsdam, Karl Liebknechtstraße 4 |
secondary branch, |
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former |
A-2340 Mödling, Neudorferstraße 66 |
additional branch according to licence of trade, |
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former |
D-68161 Mannheim, Willy-Brandtplatz 6 |
secondary branch, |
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former |
A-2340 Mödling, Neusiedlerstraße 12 |
registered headquarters, |
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. Gerald Schuhfried |
1972-05-27 |
A-1090 Wien Van Swieten-Gasse 10 |
manager, head of sales, head of marketing |
4 |
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Klara Schuhfried |
1943-02-23 |
A-2344 Maria Enzersdorf Hauptstraße 18 c/o |
individual signing clerk |
3 |
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Dr. Gernot Schuhfried |
1941-08-20 |
A-2344 Maria Enzersdorf Hauptstraße 18 |
individual signing clerk |
7 |
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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SCHUHFRIED Holding GmbH |
A-2340 Mödling Hyrtlstraße 45 |
100 % |
2016-10-29 |
FN 460293 b |
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Affiliated companies and further participations: |
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Dr. F. u. G. Schuhfried Gesellschaft m.b.H. |
A-2340 Mödling Hyrtlstraße 45 |
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FN 92777 m |
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Dr. Schuhfried Medizintechnik Gesellschaft m.b.H. |
A-1090 Wien Van Swietengasse 10 |
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FN 97069 z |
Balance Sheet (absolute)
All amounts in EUR
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2016-07-31 |
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Intangible assets |
24.136,40 |
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Sum intangible assets |
24.136,40 |
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Other tangible assets |
93.010,63 |
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Special account plants and machines |
392,16 |
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Other operating and business equipment |
201.228,13 |
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Sum tangible assets |
294.630,92 |
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Shares on related firms |
1,00 |
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Special account financial assets |
1.150.538,00 |
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Sum financial assets |
1.150.539,00 |
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Sum fixed assets |
1.469.306,32 |
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Stocks |
458.703,90 |
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Sum stock |
458.703,90 |
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Claims and other assets |
1.192.642,14 |
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Sum claims |
1.192.642,14 |
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Cash on hand, cheques and bank deposits |
3.241.383,89 |
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Sum cash and bank |
3.241.383,89 |
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Sum current assets |
4.892.729,93 |
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Deferred charges |
41.518,41 |
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Sum deferred charges |
41.518,41 |
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Assets |
6.403.554,66 |
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Subscribed/declared capital |
37.500,00 |
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Profit reserves |
104.872,43 |
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Balance sheet profit/balance sheet loss |
4.496.707,90 |
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Thereof profit/loss carried forward |
3.388.378,57 |
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Sum equity capital |
4.639.080,33 |
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Reserves for severance pays |
357.613,09 |
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Other reserves |
432.081,97 |
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Sum reserves |
789.695,06 |
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Liabilities |
974.779,27 |
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Sum liabilities |
974.779,27 |
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Liabilities and shareholders'equity |
6.403.554,66 |
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Balance sheet sum |
6.403.554,66 |
P / L Account (absolute)
All
amounts in EUR
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|
2016-07-31 |
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Gross profit |
5.801.634,29 |
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Total turnover or gross profit |
5.801.634,29 |
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Other operating profits |
292.135,32 |
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Other operating profits totally |
292.135,32 |
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Wages |
-130.065,21 |
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Salaries |
-2.654.032,81 |
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Costs for severance pays |
-82.443,50 |
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Legal fringe benefits and other payments depending on salaries |
-771.314,63 |
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Other social fringe benefits |
-11.287,14 |
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Personnel expenses totally |
-3.649.143,29 |
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Depreciation of intangible assets, tangible assets,activated expenses
for the set up and expansion of business operation |
-151.389,14 |
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Depreciation tangible assets / intangible assets totally |
-151.389,14 |
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Other operating costs |
-815.451,05 |
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Total costs |
-815.451,05 |
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Operating result totally |
1.477.786,13 |
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Interest income, securties income and similar income |
25.314,29 |
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Disbursements from other financial assets and from securities of
current assets (e.g. depreciations) |
-50.001,00 |
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Financial profits totally |
-24.686,71 |
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Results from usual business activity totally |
1.453.099,42 |
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Taxes on income and profits |
-344.770,09 |
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Taxes on income and profits totally |
-344.770,09 |
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Annual surplus/annual deficit totally |
1.108.329,33 |
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Annual profit/annual loss totally |
1.108.329,33 |
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Profit and loss carried forward from previous year |
3.388.378,57 |
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Transfer of profits totally |
3.388.378,57 |
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B/S profit/ B/S loss from profit and loss account |
4.496.707,90 |
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Key ratios
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|
2016 |
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Cashflow II |
1.259.718,47 |
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Debt amortisation period in years |
1,17 |
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Bank indebtedness |
0,00 |
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Equity capital share in % |
72,45 |
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Social capital share |
5,58 |
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Fixed assets coverage in % |
340,07 |
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Return on investment in % |
22,69 |
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Cashflow I |
1.604.488,56 |
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Gross profit |
5.801.634,29 |
Commercial
register
Source of data from commercial register: Republic of Austria
represented by the Federal Ministry of Justice
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firm (style) |
14 SCHUHFRIED GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
2 politischer Gemeinde Mödling |
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business adress |
1 Hyrtlstr. 45 |
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capital |
14 EUR 37.500,00 |
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reference date annual accounts |
1 31.Juli |
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annual accounts |
29 zum 31.07.2016 eingereicht am 19.03.2017 |
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proxy |
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A Dr. Gernot
Schuhfried, geb. 20.08.1941 |
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managing director |
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E Mag. Gerald
Schuhfried, geb. 27.05.1972 |
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shareholder |
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|
general table |
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Historical
development
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Year of incorporation |
1969 |
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Date of registration |
1978-09-14 |
Change of
company name
|
from |
to |
company name |
|
1997-07-23 |
1978-07-11 |
Dr. Gernot Schuhfried Gesellschaft m.b.H. |
|
2005-03-24 |
2007-02-21 |
Dr. Gernot Schuhfried Gesellschaft m.b.H. |
|
2007-02-21 |
2008-03-29 |
SCHUHFRIED GmbH |
Change of
legal form
|
from |
to |
company name |
|
1997-07-23 |
1978-07-11 |
limited liability company |
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2005-03-24 |
2007-02-21 |
limited liability company |
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2007-02-21 |
2008-03-29 |
limited liability company |
Change in
share capital
|
from |
to |
asset |
|
|
1997-07-23 |
1978-07-11 |
ATS |
500.000,00 |
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2005-03-24 |
2007-02-21 |
ATS |
500.000,00 |
|
2007-02-21 |
2008-03-29 |
EUR |
37.500,00 |
Former
executives
|
from |
to |
position |
name |
|
2007-02-21 |
2016-10-29 |
partner |
Othmar Schuhfried |
|
1978-09-14 |
2009-02-14 |
manager |
Gernot Schuhfried |
|
2007-02-21 |
2016-10-29 |
partner |
Gernot Schuhfried |
|
2007-02-21 |
2016-10-29 |
partner |
Klara Schuhfried |
|
2007-02-21 |
2016-10-29 |
partner |
Gerald Schuhfried |
|
2007-02-21 |
2009-02-14 |
individual signing clerk |
Gerald Schuhfried |
|
2009-02-14 |
2011-07-16 |
manager |
Bernhard Feldbacher |
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2007-02-21 |
2016-10-29 |
partner |
Gudrun Schuhfried |
Former
shareholders
|
from |
to |
position |
name |
birth date |
|
2007-02-21 |
2016-10-29 |
partner |
Othmar Schuhfried |
1965-12-08 |
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2007-02-21 |
2016-10-29 |
partner |
Gernot Schuhfried |
1941-08-20 |
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2007-02-21 |
2016-10-29 |
partner |
Klara Schuhfried |
1943-02-23 |
|
2007-02-21 |
2016-10-29 |
partner |
Gerald Schuhfried |
1972-05-27 |
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2007-02-21 |
2016-10-29 |
partner |
Gudrun Schuhfried |
1968-04-29 |
Former
shareholdings
|
from |
to |
company name |
|
|
|
COPING Gesellschaft für psychologische Diagnostik und
Personalentwicklung Ges.mbH. in Liqu. |
|
1995-05-25 |
1998-10-23 |
COPING Gesellschaft für psychologische Diagnostik und Personalentwicklung
Ges.mbH. in Liqu. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.20 |
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|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
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AUD |
1 |
INR 79.99 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
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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.