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MIRA
INFORM REPORT
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Report No. : |
501135 |
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Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SAATENBERG HANDELS&CONSULTING GMBH |
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Registered Office : |
Rheinstr. 219, D 76532 Baden-Baden |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
17.10.2012 |
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Com. Reg. No.: |
HRB 715712 |
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Legal Form : |
Private limited company |
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Line of Business : |
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Wholesale of grain, unmanufactured
tobacco, seeds and animal feeds ·
Wholesale of coffee, tea, cocoa and
spices ·
Other service activities n. e. c. |
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No. of Employees : |
Not available |
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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Maximum Credit Limit : |
31,000
EUR |
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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.
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
Report on:
Saatenberg Handels&Consulting GmbH
Company Status: active
Rheinstr. 219
D 76532 Baden-Baden
Telephone:07221/9959001
Telefax: 07221/9959003
Homepage: www.saatenberg.com
E-mail:
info@saatenberg.com
VAT no.:
DE815395674
Company summery
LEGAL FORM Private
limited company
Date of foundation:
17.10.2012
Shareholders'
agreement:
17.10.2012
Registered on: 12.11.2012
Commercial Register: Local court 68159 Mannheim
under: HRB
715712
Share capital: EUR 25,000.00
Shareholder:
Igor
Leonidovic Bezridniy
Pariser
Ring 48
D 76532
Baden-Baden
born:
27.06.1971
Share: EUR 25,000.00
Manager:
Igor
Leonidovic Bezridniy
Pariser
Ring 48
D 76532 Baden-Baden
having
sole power of representation
born:
27.06.1971
Marital
status: unknown
Further functions/participations of Igor Leonidovic Bezridniy
(Manager)
General partner:
Igor
Bezridniy, Adnan Öztürk
Wendenstr. 44c
D 20097
Hamburg
Legal
form: Partnership under the Civil Code
Shareholder:
Condimenta GmbH
Rheinstr. 219
D 76532
Baden-Baden
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 12,500.00
Registered
on: 02.12.2016
Reg.
data: 68159 Mannheim, HRB 726405
Manager:
Condimenta GmbH
Rheinstr. 219
D 76532
Baden-Baden
Legal form: Private limited
company
Share
capital: EUR 25,000.00
Registered
on: 02.12.2016
Reg.
data: 68159 Mannheim, HRB 726405
COMPANY HISTORY
company name and legal form
03.07.2013 - 13.10.2014
Saatenberg Handels&Consulting GmbH
Bahnhofstr. 61
D
76532 Baden-Baden
Private limited company
12.11.2012 - 03.07.2013
Saatenberg Handels&Consulting UG
(haftungsbeschränkt)
Pariser Ring 48
D
76532 Baden-Baden
Entrepreneur Company (limited liability)
BUSINESS ACTIVITIES
Sectors
46210 Wholesale of grain,
unmanufactured tobacco, seeds and animal feeds
46370 Wholesale of coffee,
tea, cocoa and spices
96090 Other service
activities n. e. c.
FINANCIAL INFORMATION
Payment experience: No complaints
Negative information:We have no negative information at hand.
Maximum
credit: 31,000 EUR
Balance sheet year: 2016
REAL ESTATE
Type of ownership: Tenant
Address
Rheinstr. 219
D 76532
Baden-Baden
Real Estate of: Igor Leonidovic
Bezridniy
Type of ownership: Tenant
Address
Prökelmoor 2
D 22179
Hamburg
Land register documents were not available.
BANKERS
A bank connection is unknown.
FINANCIAL FIGURES
Profit:
2016 EUR 31,971.00
Equipment: EUR 3,006.00
Ac/ts receivable: EUR 27,351.00
Liabilities: EUR 54,000.00
The number of employees is not known.
BALANCE SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]:
41.63
Liquidity ratio:
10.00
Return on total capital [%]:
11.46
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.
Financials
Type of balance
sheet: Company
balance sheet
Origin of the present
balance sheet: Other
Financial year:
01.01.2016 - 31.12.2016
ASSETS EUR 279,081.39
Fixed assets EUR 31,820.39
Intangible assets EUR 382.89
Tangible assets EUR 31,437.50
Current assets EUR 247,261.00
Stocks EUR 5,000.00
Accounts receivable EUR 46,795.70
Liquid means EUR 195,465.30
LIABILITIES EUR 279,081.39
Shareholders' equity EUR 116,289.15
Capital EUR 25,000.00
Balance sheet profit/loss
(+/-) EUR 91,289.15
Profit / loss brought
forward EUR 59,317.92
Annual surplus / annual
deficit EUR 31,971.23
Provisions EUR 2,995.55
Liabilities EUR 159,796.69
Inconsistent balance sheets:
Financial year published on
01.01.2015 - 31.12.2015 13.04.2017
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 92.28 |
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Euro |
1 |
INR 80.62 |
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Euro |
1 |
INR 80.25 |
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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NIS |
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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
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Company
background and operations size
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Promoters
/ Management background
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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.