|
Report Date : |
16.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
KAYHAN SARITAS |
|
|
|
|
Registered Office : |
Auf der Muhl 3a, D
55270 Essenheim |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
19.05.2008 |
|
|
|
|
Legal Form : |
Unregistered Commercial Enterprise |
|
|
|
|
Line of Business : |
Other Retail Sale Via Mail-Order Houses or Internet (We tried to confirm / obtain the detailed
activity but the same is not available from any sources.) |
|
|
|
|
No. of Employees |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GermaNy ECONOMIC OVERVIEW
The German economy
- the fifth largest economy in the world in PPP terms and Europe's largest - is
a leading exporter of machinery, vehicles, chemicals, and household equipment
and benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, has contributed to strong growth and
falling unemployment. These advances, as well as a government subsidized,
reduced working hour scheme, help explain the relatively modest increase in
unemployment during the 2008-09 recession - the deepest since World War II -
and its decrease to 5.3% in 2013. The new German government introduced a
minimum wage of $11 per hour to take effect in 2015. Stimulus and stabilization
efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela
MERKEL's second term increased Germany's total budget deficit - including
federal, state, and municipal - to 4.1% in 2010, but slower spending and higher
tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a
budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the
federal government to structural deficits of no more than 0.35% of GDP per
annum as of 2016 though the target was already reached in 2012. Following the
March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in
May 2011 that eight of the country's 17 nuclear reactors would be shut down
immediately and the remaining plants would close by 2022. Germany hopes to
replace nuclear power with renewable energy. Before the shutdown of the eight
reactors, Germany relied on nuclear power for 23% of its electricity generating
capacity and 46% of its base-load electricity production.
|
Source : CIA |
Note:-
·
Your
inquiry: Established Seventy 9 Kahyan Saritas, Ludwig-Eckes-Allee 9, D 55268
Nieder-Olm.
The subject of your inquiry is a branch.
We are reporting on the headquarters.
Kayhan
Saritas
Auf der Muhl 3a
D 55270 Essenheim
Telephone:0172/6765802
Telefax: 06136/9262179
E-mail: info@est79.de
ESTABLISHED SEVENTY9
DE259830021
active
Business relations are permissible.
LEGAL FORM Unregistered Commercial Enterprise
Date of foundation: 19.05.2008
Kayhan Saritas
Auf der Muhl 3a
D 55270 Essenheim
born: 07.03.1979
Marital status: unknown
19.05.2008 - 01.01.2010 Kayhan Saritas
Im Plaul 10
D 55270 Essenheim
Unregistered
commercial enterprise
Main industrial sector
47919 Other retail sale
via mail-order houses or Internet
Works:
Kayhan Saritas
Am Hahnenbusch 14b
D 55268 Nieder-Olm
TEL.: 06136/7520900
FAX.: 06136/7521130
Payment experience: within
periods customary in this trade
Negative information: We
have no negative information at hand.
Type of ownership: Tenant
Address Auf der Muhl 3a
D 55270 Essenheim
Land register documents were not available.
DEUTSCHE BANK, 61451 KÖNIGSTEIN IM TAUNUS
Sort. code: 50070010
BIC: DEUTDEFFXXX
Financial year: 01.01. - 31.12.
Turnover: 2012 EUR 1,200,000.00
2013 *EUR 1,300,000.00
further business figures:
Equipment: *EUR 90,000.00
Ac/ts receivable: *EUR 200,000.00
Liabilities: *EUR 230,000.00
Employees:
10
-
thereof permanent staff: 6
-
Temporary workers: 4
The business figures marked with an asterisk are estimates based on
average values in the line of business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
UK Pound |
1 |
Rs.102.79 |
|
Euro |
1 |
Rs.81.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.