MIRA INFORM REPORT

 

 

 

Report Date :           

09.08.2011

 

IDENTIFICATION DETAILS

 

Name :

THYSSENKRUPP FORTINOX S.A.

 

 

Registered Office :

Rivadavia s/n, Garã­n, B1619ADQ

 

 

Country :

Argentina

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Rolling and Drawing of Purchased Steel

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Argentina

b1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name & address   Bottom of Form

 

 

ThyssenKrupp Fortinox S.A.

 

Rivadavia s/n

Garín, B1619ADQ

Argentina

 

Tel:       54 3327 448000

Fax:      54 33 2744-8089

Web:    www.fortinox.com

 

 

synthesis

 

Employees:                  54

Company Type:             Private Subsidiary

Corporate Family:          28 Companies

Ultimate Parent:            ThyssenKrupp Dienstleistungen GmbH

Reporting Currency:       US Dollar

Annual Sales:               NA

Total Assets:                NA

 

 

Business Description     

 

Rolling and Drawing of Purchased Steel

 

Industry

Industry            Miscellaneous Fabricated Products

ANZSIC 2006:    211 - Basic Ferrous Metal Manufacturing

NACE 2002:      273 - Other first processing of iron and steel

NAICS 2002:     33122 - Rolling and Drawing of Purchased Steel

UK SIC 2003:    273 - Other first processing of iron and steel

US SIC 1987:    3315 - Steel Wiredrawing and Steel Nails and Spikes

 

           

Key Executives   

 

Name                           Title    

Pedro Jeisen                 Gerente General           

Jorge Spelzene              Encargado del Comercio Exterior           

 


1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

Rivadavia s/n

Garín, B1619ADQ

Argentina

Tel:       54 3327 448000

Fax:      54 33 2744-8089

Web:    www.fortinox.com

           

Sales USD(mil):             NA

Assets USD(mil):           NA

Employees:                   54

Industry:                        Miscellaneous Fabricated Products

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Gerente General:           Pedro Jeisen

 

Contents

·         Industry Codes

·         Business Description

 

Industry Codes

 

ANZSIC 2006 Codes:

211       -          Basic Ferrous Metal Manufacturing

 

NACE 2002 Codes:

273       -          Other first processing of iron and steel

 

NAICS 2002 Codes:

33122   -          Rolling and Drawing of Purchased Steel

 

US SIC 1987:

3315     -          Steel Wiredrawing and Steel Nails and Spikes

 

UK SIC 2003:

273       -          Other first processing of iron and steel

 

Business Description

Rolling and Drawing of Purchased Steel


 

Corporate Family

Corporate Structure News:

 

ThyssenKrupp Fortinox S.A.

. 
Total Corporate Family Members: 28 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

ThyssenKrupp Dienstleistungen GmbH

Parent

 

 

 

 

 

WISAG Produktionsservice GmbH

Subsidiary

Düsseldorf

Germany

Business Services

424.2

12,500

Thyssenkrupp Xervon GmbH

Subsidiary

Gelsenkirchen

Germany

Construction Services

619.1

2,677

Lagermex, S.A. de C.V.

Subsidiary

Cuautlancingo

Mexico

Iron and Steel

 

120

RIAS A/S

Subsidiary

Roskilde

Denmark

Fabricated Plastic and Rubber

40.6

95

Nordisk Plast A/S

Subsidiary

Randers SØ

Denmark

Fabricated Plastic and Rubber

 

18

ThyssenKrupp Metallcenter GmbH

Subsidiary

Wörth

Germany

Miscellaneous Fabricated Products

102.6

80

Lamincer Sociedad Anonima

Subsidiary

Mungia, Vizcaya

Spain

Iron and Steel

27.6

72

ThyssenKrupp Fortinox S.A.

Subsidiary

Garín

Argentina

Miscellaneous Fabricated Products

 

54

Thyssenkrupp Energostial

Subsidiary

Torun

Poland

Iron and Steel

 

 

ThyssenKrupp Industrial Services LLC

Subsidiary

St. Petersburg

Russian Federation

Construction Services

 

 

ThyssenKrupp Materials Middle East

Subsidiary

Dubai

United Arab Emirates

Consumer Financial Services

 

 

ThyssenKrupp Otto Wolff N.V.

Subsidiary

Mechelen

Belgium

Consumer Financial Services

 

 

ThyssenKrupp-Jupiter Stomana OOD

Subsidiary

Sofia

Bulgaria

Consumer Financial Services

 

 

ThyssenKrupp Ferrosta spol. s.r.o.

Subsidiary

Prague

Czech Republic

Consumer Financial Services

 

 

Eisenmetall Handelsgesellschaft mbH

Subsidiary

Gelsenkirchen

Germany

Consumer Financial Services

 

 

Cimex-Nor S.A.

Subsidiary

San Sebastian

Spain

Iron and Steel

 

 

PALMETAL Controlo e Armazenagem S.A.

Subsidiary

Palmela

Portugal

Miscellaneous Transportation

 

 

ThyssenKrupp Materials, LLC

Subsidiary

Moscow

Russian Federation

Consumer Financial Services

 

 

ThyssenKrupp Ferostav, spol. s r.o.

Subsidiary

Bratislava

Slovakia

Consumer Financial Services

 

 

Rosendaal Services N.V.

Subsidiary

Kapellen

Belgium

Construction - Supplies and Fixtures

 

 

ThyssenKrupp DeliCate GmbH

Subsidiary

Essen

Germany

Restaurants

 

 

ThyssenKrupp Materials (Thailand)

Subsidiary

Samutprakam

Thailand

Miscellaneous Capital Goods

 

 

ThyssenKrupp Materials Holding

Subsidiary

Samutprakarn

Thailand

Miscellaneous Capital Goods

 

 

ThyssenKrupp Materials (Shanghai) Co

Subsidiary

Shanghai

China

Consumer Financial Services

 

 

ThyssenKrupp Materials Korea

Subsidiary

Seoul

Korea, Republic of

Consumer Financial Services

 

 

ThyssenKrupp Materials Vietnam

Subsidiary

Hanoi

Viet Nam

Consumer Financial Services

 

 

RIP Comércio Ltda.

Subsidiary

Indaiatuba

Brazil

Consumer Financial Services

 

 

 


 

Executive report

 

Executives

 

Name

Title

Function

 

Pedro Jeisen

 

Gerente General

Chief Executive Officer

 

Jorge Spelzene

 

Encargado del Comercio Exterior

Sales Executive

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.96

UK Pound

1

Rs.73.94

Euro

1

Rs.64.56

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.