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MIRA
INFORM REPORT
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Report No. : |
499205 |
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Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
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Name : |
AGA SAAT GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Kelvinstr. 2 Süd D 47506
Neukirchen-Vluyn Post Box:10 12 28 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
02.12.1991 |
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Com. Reg. No.: |
HRB 5406 |
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Legal Form : |
Private limited company |
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Line of Business : |
Wholesale of grain,
unmanufactured tobacco, seeds and animal feeds |
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No. of Employees : |
43 |
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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Germany |
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 |
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 a large increase in 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, contributed to strong economic 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. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
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 2017 Germany reached a budget surplus of 0.7%. 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.
The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. 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 plans to replace nuclear power largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, up from 9% in 2000. 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. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source
: CIA |
Company name and address
AGA SAAT Gesellschaft mit beschränkter Haftung
Kelvinstr. 2
Süd
D 47506 Neukirchen-Vluyn
Post Box: 10 12 28
Telephone:02845/91460
Telefax: 02845/914651
Homepage: www.agasaat.de
E-mail: info@agasaat.de
Company
Status
Active
VAT no.
DE120284736
CONCLUSION
Business relations are permissible.
Company
summery
LEGAL FORM Private
limited company
Date of foundation: 02.12.1991
Shareholders'
agreement: 02.12.1991
Registered on: 03.06.1992
Commercial Register: Local court 47533 Kleve
under: HRB
5406
Share capital: EUR 230,081.34
Shareholder:
Rolf-Dietmar Artus
Pidder-Lüng-Weg 16
D 22149 Hamburg
Share: EUR 76,693.78
Shareholder:
Manfred Gnann
Mühlenstr. 23a
D 47506 Neukirchen-Vluyn
born: 27.01.1940
Share: EUR 76,693.78
Shareholder:
Werner Arts
Rathausstr. 67
D 47509 Rheurdt
born: 09.08.1957
Share: EUR 76,693.78
Manager:
Manfred Gnann
Mühlenstr. 23a
D 47506 Neukirchen-Vluyn
having sole power of
representation
born: 27.01.1940
Profession: Businessman
Marital status: unknown
Manager:
Werner Arts
Rathausstr. 67
D 47509 Rheurdt
having sole power of
representation
born: 09.08.1957
Profession: Businessman
Proxy:
Alexander Gnann
Mühlenstr. 25
D 47506 Neukirchen-Vluyn
having sole power of
representation
born: 22.04.1971
Profession: Businessman
Marital status: unknown
Proxy:
Tobias-Werner Arts
D 47509 Rheurdt
having sole power of
representation
born: 12.02.1989
Further functions/participations of Manfred
Gnann (Manager)
Limited partner:
aga IMMO GmbH & Co.
KG
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 12,500.00
Registered
on: 13.12.2011
Reg. data: 47533 Kleve, HRA 3839
Limited partner:
AGA SAAT GmbH & Co.
KG
Maishandelsgesellschaft
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 51,129.20
contribution:
Share: EUR 5,112.92
Registered
on: 19.03.1993
Reg. data: 47533 Kleve, HRA 2062
Shareholder:
aga Verwaltungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 07.12.2011
Reg. data: 47533 Kleve, HRB 11233
Manager:
aga Verwaltungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.12.2011
Reg. data: 47533 Kleve, HRB 11233
Further functions/participations of Werner
Arts (Manager)
Proprietor:
Werner Arts
Rathausstr. 67
D 47509 Rheurdt
Legal form: Unregistered commercial
enterprise
Limited partner:
AGA SAAT GmbH & Co.
KG
Maishandelsgesellschaft
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 51,129.20
contribution:
Share: EUR 17,895.22
Registered
on: 19.03.1993
Reg. data: 47533 Kleve, HRA 2062
Limited partner:
aga IMMO GmbH & Co.
KG
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Ltd
partnership with priv. ltd.
company as
general partner
Total cap. EUR 25,000.00
contribution:
Share: EUR 12,500.00
Registered
on: 13.12.2011
Reg. data: 47533 Kleve, HRA 3839
Shareholder:
aga Verwaltungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR
25,000.00
Share: EUR 12,500.00
Registered
on: 07.12.2011
Reg. data: 47533 Kleve, HRB 11233
Shareholder:
AGA SAAT Beteiligungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 11.03.1999
Reg. data: 47533 Kleve, HRB 5784
Manager:
AGA SAAT Beteiligungs
GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 11.03.1999
Reg. data: 47533 Kleve, HRB 5784
Manager:
aga Verwaltungs GmbH
Pascalstr. 11
D 47506 Neukirchen-Vluyn
Legal form: Private
limited company
Share capital: EUR 25,000.00
Registered
on: 07.12.2011
Reg. data: 47533 Kleve, HRB 11233
COMPANY
HISTORY
company name and legal form
02.12.1991 - 01.08.2000 AGA SAAT Handelsgesellschaft mit
beschränkter Haftung
Mühlenstr. 23a
D 47506
Neukirchen-Vluyn
Private limited
company
BUSINESS
ACTIVITIES
Main industrial sector
46210
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
FINANCIAL
INFORMATION
Payment experience: No Complaints
Negative information: We have no negative information at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Kelvinstr.
2
D 47506 Neukirchen-Vluyn
Real Estate of: Werner
Arts
Type of ownership: Tenant
Address Rathausstr.
67
D 47509 Rheurdt
Land register documents were not available.
BANKERS
SPARKASSE AM NIEDERRHEIN, 47439 MOERS
Sort. code: 35450000
BIC: WELADED1MOR
FINANCIAL
FIGURES
Gross profit or
loss:2016 EUR 5,156,792.00
Profit: 2016 EUR 280,476.00
Equipment: EUR 110,141.00
Ac/ts receivable: EUR 2,178,266.00
Liabilities: EUR 7,928,089.00
Employees:
43
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 29.27
Liquidity ratio: 0.37
Return on total capital [%]: 2.41
Balance sheet ratios
01.01.2015 - 31.12.2015
Equity ratio [%]: 32.98
Liquidity ratio: 0.84
Return on total capital
[%]: 6.29
Balance sheet ratios
01.01.2014 - 31.12.2014
Equity ratio [%]: 42.42
Liquidity ratio: 1.06
Return on total capital
[%]: 5.34
Balance sheet ratios
01.01.2013 - 31.12.2013
Equity ratio [%]: 46.75
Liquidity ratio: 1.19
Return on total capital [%]: 6.46
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
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2016 - 31.12.2016
ASSETS EUR 11,645,511.39
Fixed assets EUR 1,756,893.62
Intangible assets EUR 2,704.00
Other / unspecified
intangible assetsEUR
2,704.00
Tangible assets EUR 1,754,189.62
Land / similar
rights EUR 1,597,929.62
Plant / machinery EUR 46,119.00
Other tangible assets /
fixtures and
fittings EUR 110,141.00
Current assets EUR 9,841,450.77
Stocks EUR 5,637,772.00
Other / unspecified
stocks EUR 5,637,772.00
Accounts receivable EUR 2,178,265.50
Other debtors and
assets EUR 2,178,265.50
Liquid means EUR 2,025,413.27
Remaining other
assets EUR 47,167.00
Accruals (assets) EUR 17,767.00
Deferred taxes
(assets) EUR 29,400.00
LIABILITIES EUR 11,645,511.39
Shareholders' equity EUR 3,430,424.61
Capital EUR 230,081.34
Subscribed capital
(share capital) EUR 230,081.34
Balance sheet profit/loss
(+/-) EUR 3,200,343.27
Profit / loss brought
forward EUR 2,919,867.07
Annual surplus / annual
deficit EUR 280,476.20
Provisions EUR 286,998.00
Other / unspecified
provisions EUR 286,998.00
Liabilities EUR 7,928,088.78
Financial debts EUR 7,043,183.86
Liabilities due to
banks EUR 7,043,183.86
Other liabilities EUR 884,904.92
Unspecified other
liabilities EUR 884,904.92
PROFIT AND LOSS ACCOUNT
(cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 5,156,791.81
Staff expenses EUR 1,846,358.19
Wages and salaries EUR 1,566,076.61
Social security
contributions and
expenses for pension
plans and
benefits EUR 280,281.58
Total depreciation EUR 101,720.46
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 101,720.46
Other operating
expenses EUR 2,502,998.21
Operating result from
continuing
operations EUR 705,714.95
Interest result (+/-) EUR
-268,815.28
Interest and similar
income EUR 15,966.03
Interest and similar
expenses EUR 284,781.31
Financial result
(+/-) EUR -268,815.28
Result from ordinary operations
(+/-) EUR 436,899.67
Income tax / refund of
income tax (+/-)EUR -156,423.47
Tax (+/-) EUR -156,423.47
Annual surplus / annual
deficit EUR 280,476.20
Type of balance
sheet: Company balance sheet
Origin of the present
balance sheet: electronic German Federal Gazette
Financial year: 01.01.2015 - 31.12.2015
ASSETS EUR 9,474,772.45
Fixed assets EUR 344,649.97
Intangible assets EUR 3,611.00
Tangible assets EUR 341,038.97
Current assets EUR 9,079,070.48
Stocks EUR 3,842,301.00
Accounts receivable EUR 3,532,081.47
Liquid means EUR 1,704,688.01
Remaining other
assets EUR 51,052.00
Accruals (assets) EUR 14,752.00
Deferred taxes
(assets) EUR 36,300.00
LIABILITIES EUR 9,474,772.45
Shareholders' equity EUR 3,149,948.41
Capital EUR 230,081.34
Subscribed capital
(share capital) EUR 230,081.34
Balance sheet profit/loss
(+/-) EUR 2,919,867.07
Balance sheet profit /
loss EUR 2,919,867.07
Provisions EUR 430,768.00
Liabilities EUR 5,894,056.04
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 90.56 |
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Euro |
1 |
INR 79.78 |
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Euro |
1 |
INR 80.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TRU |
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.