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Report Date : |
04.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
S.A.E. SPEDITIONS GMBH |
|
|
|
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Registered Office : |
Junkersring 53, D 53844 Troisdorf |
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|
|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
21.11.2005 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is a Forwarding Agency. |
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|
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No of Employees : |
38 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
165, 000 EUR |
|
Status : |
Moderate |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
Your inquiry: SAE Spedition
GmbH, Kufsteiner Str. 38-40, D 83088 Kiefersfelden
The subject of your inquiry
is a branch. We are reporting on the headquarters.
S.A.E. SPEDITIONS
GMBH
Company Status: active
Junkersring 53
D 53844 Troisdorf
Telephone:02241/9099-0
Telefax: 02241/9099-9
Homepage: www.saeit.com
E-mail: log.troisdorf@saeit.com
VAT no.: DE814724358
Tax ID number: 220/5849/0607
Business relations are
permissible.
LEGAL FORM Private limited company
Date of foundation: 21.11.2005
Shareholders'
agreement: 21.11.2005
Registered on: 13.12.2005
Commercial Register: Local
court 53721 Siegburg
under: HRB 9220
Share capital: EUR 25,000.00
Shareholder:
S.A.E
Servizi Autotransporti Europei S.p.A.
Via
Innsbruck 45
I
38100 Trento
Legal form:
Other legal form
Share: EUR 25,000.00
Manager:
Dr.
Alfredo Bonetti
Via
dei Valoni 30
I
38050 Povo di Trento
having
sole power of representation
born:
06.01.1952
Profession: Haulage Contractor
Nationality: Italian
Marital status: married
Proxy:
Thomas
Neureiter
Sperberweg 32
D
53844 Troisdorf
having
sole power of representation
born:
17.07.1960
13.12.2005 -
15.10.2006 S.A.E.-Immobilien GmbH
Brüsseler Str. 6
D
53842 Troisdorf
Private limited company
15.10.2006 -
22.09.2012 S.A.E. Immobilien GmbH
Junkersring 53
D
53844 Troisdorf
Private limited company
08.11.2013 -
12.02.2014 Manager
Peter Stadtmann
D
89073 Ulm
Main industrial sector
52291 Forwarding agency
Branch:
S.A.E.
Speditions GmbH
Kufsteiner Str. 38-40
D
83088 Kiefersfelden
TEL.:
08033/3030111
Payment experience: Within agreed terms
Negative information: We have no negative information at hand.
Maximum Credit: 165, 000 EUR
Type of ownership: Tenant
Address Junkersring 53
D
53844 Troisdorf
Land register documents
were not available.
Principal bank
KREISSPARKASSE KÖLN, 53824
TROISDORF
Sort. code: 37050299
BIC: COKSDE33XXX
Further bank
UNICREDIT BANK -
HYPOVEREINSBANK, 68159 MANNHEIM
Sort. code: 67020190
BIC: HYVEDEMM489
Turnover: 2013 *EUR 5,220,000.00
Profit: 2013 EUR 13,645.00
Ac/ts receivable: EUR
139,174.00
Liabilities: EUR 1,524,667.00
Total numbers of
vehicles: 18
- Lorries:
16
- Passenger cars: 2
Employees: 38
- thereof permanent
staff: 33
- Part-time employees: 4
The business figures marked
with an asterisk are estimates based
on average values in the
line of business.
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 29.72
Liquidity ratio: 0.10
Return on total capital
[%]: 0.65
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 36.18
Liquidity ratio: 0.07
Return on total capital
[%]: -3.91
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 44.78
Liquidity ratio: 0.01
Return on total capital
[%]: 0.29
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 40.17
Liquidity ratio: 0.01
Return on total capital
[%]: 0.75
Equity ratio
The equity ratio indicates
the portion of the equity as compared
to the total capital. The
higher the equity ratio, the better the
economic stability
(solvency) and thus the financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows
the proportion between adjusted
receivables and net
liabilities. The higher the ratio, the lower
the company's financial
dependancy from external creditors.
Return on total capital
The return on total capital
shows the efficiency and return on
the total capital employed
in the company. The higher the return
on total capital, the more
economically does the company work
with the invested capital.
TYPE OF BALANCE SHEET: COMPANY BALANCE SHEET
Financial year: 01.01.2013 - 31.12.2013
ASSETS EUR 2,305,660.36
Fixed assets
EUR 2,123,012.46
Intangible assets
EUR 331,258.00
Tangible assets
EUR 1,791,754.46
Current assets
EUR 146,205.09
Stocks
EUR 5,438.00
Accounts receivable
EUR 139,173.93
Liquid means
EUR 1,593.16
Remaining other assets
EUR 36,442.81
Accruals (assets)
EUR 10,915.07
Deferred taxes (assets)
EUR 25,527.74
LIABILITIES EUR 2,305,660.36
Shareholders' equity
EUR 718,586.17
Capital EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 723,000.00
Capital reserves
EUR 723,000.00
Balance sheet profit/loss (+/-)
EUR -29,413.83
Profit / loss brought forward
EUR -43,058.55
Annual surplus / annual deficit
EUR 13,644.72
Provisions
EUR 61,812.46
Liabilities EUR 1,524,666.73
Other liabilities
EUR 595.00
Deferrals (liabilities)
EUR 595.00
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 2,222,260.39
Fixed assets
EUR 2,099,360.33
Intangible assets
EUR 430,393.87
Other
/ unspecified intangible assetsEUR
430,393.87
Tangible assets
EUR 1,668,966.46
Other / unspecified tangible assets
EUR 1,668,966.46
Current assets
EUR 111,095.76
Stocks
EUR 24,395.00
Accounts receivable
EUR 84,945.22
Other debtors and assets
EUR 84,945.22
Liquid means
EUR 1,755.54
Remaining other assets
EUR 11,804.30
Accruals (assets)
EUR 11,804.30
LIABILITIES EUR 2,222,260.39
Shareholders' equity EUR 704,941.45
Capital
EUR 25,000.00
Subscribed capital (share capital)
EUR 25,000.00
Reserves
EUR 723,000.00
Capital reserves EUR 723,000.00
Balance sheet profit/loss (+/-)
EUR -43,058.55
Profit / loss brought forward
EUR 35,502.27
Annual surplus / annual deficit
EUR -78,560.82
Provisions
EUR 57,375.24
Liabilities
EUR 1,459,943.70
Other liabilities
EUR 1,459,943.70
Unspecified other liabilities
EUR 1,459,943.70
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.