|
Report No. : |
289101.2 |
|
Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
S.A.E. SPEDITIONS GMBH |
|
|
|
|
Registered Office : |
Junkersring 53, D 53844 Troisdorf |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
21.11.2005 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is a Forwarding Agency. |
|
|
|
|
No of Employees : |
Not Available |
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 : |
140, 000 EUR |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
Junkersring 53
D 53844 Troisdorf
Telephone:02241/9099-0
Telefax:
02241/9099-9
Homepage: www.saeit.com
E-mail:
log.troisdorf@saeit.com
Active
DE814724358
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
21.11.2005 - 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 periods customary in this trade
Negative information: We have no negative information at hand.
Maximum credit: 140,000
EUR
The maximum credit is our
recommendation for the maximum credit limit for the inquired
company.
Balance sheet year: 2013
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
Equipment: *EUR 360,000.00
Ac/ts receivable: EUR 139,174.00
Liabilities: EUR 1,524,667.00
Total numbers of
vehicles:
18
- Lorries: 16
- Passenger cars:
2
No full-time employees are
employed.
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
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.
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.
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.62.67 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.66.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.