Artemide Auditing & Consulting AG
Artemide AC will be an ongoing company from the sole proprietorship company Sandor Artemide dipl. Wirtschaftsprüfer with the following characteristics:
- The goal will be to continue the activities on a larger personal and organizational basis, still with no debt financing.
- Artemide AC will assume operations of one of the Daten Riffwald-Ennetmoos AG’s divisions.
- Between the owners of Daten Riffwald-Ennetmoos and Artemide AC there will be a 25% cross-participation.
- The cooperation between Daten Riffwald-Ennetmoos and Artemide AC is flexible–with the objective to change rapidly if the market demands.
2.1 Company History
The sole proprietorship company “Sandor Artemide dipl. Wirtschaftsprüfer” was founded 8 March 1996. In the first 10-month period, the company generated sales of $50,000.
In the time of general recession, between 1996 and 2000, with a concentrated basis work, the owner created and assured his independent existence. The name Artemide was made known, and he has established a good professional reputation in Luzern.
Before starting his own business, Sandor Artemide acquired extensive professional experience as listed below:
- 5 years ATAG Graff & Altern in Geneva, Switzerland.
- 3 years Ziegfeld in Bern, Switzerland.
- 4 years KUGN in Bienne, Switzerland.
|Gross Margin %||100.00%||99.21%||85.71%|
|Collection Period (days)||27||17||19|
|Other Current Assets||$579||$1,158||$1,158|
|Total Current Assets||$13,897||$28,952||$105,390|
|Total Long-term Assets||$5,211||$5,211||$6,948|
|Other Current Liabilities (interest free)||$0||$0||$0|
|Total Current Liabilities||$13,309||$11,002||$14,476|
|Total Capital and Liabilities||$19,108||$34,163||$112,338|
|Sales on Credit||$111,182||$146,505||$162,140|
2.2 Company Ownership
Artemide Auditing & Consulting AG will be incorporated in the city of Luzern by Sandor Artemide, who will be the majority owner. Twenty-five percent of the company will be owned by Daten Riffwald-Ennetmoos AG, the parent company.
2.3 Company Locations and Facilities
Artemide AC is established in a separate office from Daten Riffwald-Ennetmoos AG, in Luzern. Secretary and telephone response is assumed by Daten Riffwald-Ennetmoos. In the same building, on the first level, is established ATO Geistesblitz (sale and consulting of SMB software sage-KHK).
The structure is well established and satisfies the needs of both Daten Riffwald-Ennetmoos and Artemide AC. Both companies intend to optimize the office location in the future.