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MIRA INFORM REPORT
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Report No. : |
512378 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Ghegastraße 3, 1030 Wien, WEG International
Trade GmbH, Ghegastraße 3, A-1030 Wien |
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Country : |
Austria |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
04.12.2013 |
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Legal Form : |
limited liability company |
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Line of Business : |
·
Wholesale of other machinery and
equipment ·
Wholesale trade of motor vehicle
parts and accessories |
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No. of Employees : |
1 |
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 : |
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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WEG International Trade GmbH Ghegastraße 3, 1030 Wien WEG International Trade GmbH |
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Activities
ÖNACE 46690 50% Wholesale of other machinery
and equipment
ÖNACE 45310 50% Wholesale trade of motor
vehicle parts and accessories
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) |
2016 |
EUR |
415.281.405,04 |
(exact) |
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total turnover (total sales) |
2015 |
EUR |
155.428.170,94 |
(exact) |
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total stock |
2017 |
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(not available) |
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total investments |
2015 |
EUR |
6.738,28 |
(exact) |
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total employees |
2017 |
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1 |
(approx.) |
General company information
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Company name |
WEG International Trade GmbH |
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Year of incorporation |
2013 |
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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 2013-12-04 |
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Companies house number |
FN 406393 m Wien since 2013-12-04 |
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VAT number |
ATU 68301535 |
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number - Austrian National Bank |
17127351 |
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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-1030 Wien, Ghegastraße 3 |
registered office |
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operational |
A-1030 Wien, Ghegastraße 3 |
registered headquarters |
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0043 2633 41081 |
wtr@weg.net |
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former |
A-2753 Markt Piesting, Wöllersdorfer Straße
68 |
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former |
A-2753 Markt Piesting, Wöllersdorferstraße
68 |
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former |
A-1030 Wien, Ghegastraße 3 |
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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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Cineny Floriani |
1976-04-25 |
A-1030 Wien Ghegastraße |
manager |
1 |
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Luis Gustavo Lopes Iensen |
1958-01-19 |
BR- Jaragua do Sul Brasilien 60, apto. 402, centro |
manager |
2 |
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Jailson Luis Satler |
1973-09-30 |
A-2753 Markt Piesting Wöllersdorfer Straße 68 |
manager |
1 |
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Wilson Jose Watzko |
1959-02-16 |
BR- Jaragua do Sul Rua Ney Franco Bairro Baependi 550 |
manager |
2 |
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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WEG Holding GmbH |
A-1030 Wien Ghegastraße 3 |
100 % |
2014-12-13 |
FN 415711 s |
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Affiliated companies and further
participations: |
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WATT DRIVE ANTRIEBSTECHNIK GMBH |
A-2753 Markt Piesting Wöllersdorferstraße 68 |
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FN 33371 a |
Financials
Balance Sheet (absolute) all
amounts in EUR
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2016-12-31 |
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Other operating and business equipment |
30.482,27 |
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Sum tangible assets |
30.482,27 |
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Sum fixed assets |
30.482,27 |
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Claims from delivered goods and performed
services |
3.662.071,76 |
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Claims against related firmes Claims
against companies with shareholding relationship |
155.117.174,90 |
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Other claims and assets |
39.804,87 |
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Sum claims |
158.819.051,53 |
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Cash on hand, cheques and bank deposits |
12.653.295,77 |
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Sum cash and bank |
12.653.295,77 |
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Sum current assets |
171.472.347,30 |
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Deferred charges |
3.415,60 |
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Sum deferred charges |
3.415,60 |
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Assets |
171.506.245,17 |
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Subscribed/declared capital |
50.000,00 |
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Balance sheet profit/balance sheet loss |
118.250.594,88 |
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Thereof profit/loss carried forward |
2.545.967,91 |
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Sum equity capital |
118.300.594,88 |
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Tax reserves |
1.706.591,94 |
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Other reserves |
71.152,13 |
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Sum reserves |
1.777.744,07 |
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Received advanced payments for orders |
422.821,04 |
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Liabilities from delivered goods and
performed services |
97.071,03 |
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Liabilities against related firms |
50.890.046,65 |
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Other liabilities |
17.967,50 |
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Sum liabilities |
51.427.906,22 |
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Liabilities and shareholders'equity |
171.506.245,17 |
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Balance sheet sum |
171.506.245,17 |
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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 |
415.281.405,04 |
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Total turnover or gross profit |
415.281.405,04 |
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Income from dissolution of reserves |
49.101,64 |
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Other operating profits |
6.761,62 |
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Other operating profits totally |
55.863,26 |
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Material costs |
-294.901.644,29 |
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Costs for obtained services totally |
-294.901.644,29 |
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Salaries |
-417.147,52 |
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Other social fringe benefits |
-99.580,16 |
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Personnel expenses totally |
-516.727,68 |
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Depreciation of intangible assets, tangible
assets,activated expenses for the set up and expansion of business operation |
-13.126,87 |
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Depreciation tangible assets / intangible
assets totally |
-13.126,87 |
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Other operating costs |
-1.394.781,22 |
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Total costs |
-1.394.781,22 |
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Operating result totally |
118.510.988,24 |
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Interest income, securties income and
similar income |
1.888.053,15 |
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Interest and similar disbursements |
-2.985.263,67 |
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Financial profits totally |
-1.097.210,52 |
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Results from usual business activity
totally |
117.413.777,72 |
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Taxes on income and profits |
-1.709.150,75 |
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Taxes on income and profits totally |
-1.709.150,75 |
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Annual surplus/annual deficit totally |
115.704.626,97 |
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Annual profit/annual loss totally |
115.704.626,97 |
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Profit and loss carried forward from
previous year |
2.545.967,91 |
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Transfer of profits totally |
2.545.967,91 |
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B/S profit/ B/S loss from profit and loss
account |
118.250.594,88 |
Key
ratios
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2016 |
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Cashflow II |
115.717.753,84 |
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Debt amortisation period in years |
0,35 |
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Bank indebtedness |
0,00 |
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Equity capital share in % |
69,15 |
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Social capital share |
0,00 |
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Fixed assets coverage in % |
388.096,41 |
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Net profit ratio |
28,27 |
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Capital turnover |
2,42 |
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Return on investment in % |
70,20 |
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Cashflow in % of operating performance |
27,86 |
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Cashflow I |
117.426.904,59 |
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Gross productivity |
803,68 |
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Net productivity |
232,97 |
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Operating performance |
415.281.405,04 |
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Inventories in % of operating performance |
0,00 |
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Gross profit |
120.379.760,75 |
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 WEG International Trade GmbH |
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legal form |
1 Gesellschaft mit beschränkter Haftung |
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registered office |
7 politischer Gemeinde Wien |
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business adress |
7 Ghegastraße 3 |
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capital |
1 EUR 50.000,00 |
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reference date annual accounts |
1 31.Dezember |
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annual accounts |
10 zum 31.12.2016 eingereicht am 31.08.2017 |
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managing director |
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B
Wilson Jose Watzko, geb. 16.02.1959 |
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shareholder |
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general table |
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Landesgericht Wiener Neustadt |
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Historical
development
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Year of incorporation |
2013 |
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Date of registration |
2013-12-04 |
Former
executives
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from |
to |
position |
name |
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2013-12-04 |
2016-11-08 |
manager |
Wolfgang Alfons Hugo Meyer |
Former
shareholders
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from |
to |
position |
name |
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2013-12-04 |
2014-12-13 |
partner |
WEG Iberia S.L. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.44 |
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1 |
INR 89.89 |
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Euro |
1 |
INR 70.00 |
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Euro |
1 |
INR 78.36 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
KET |
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.