MIRA INFORM REPORT

 

 

Report Date :

08.01.2011

 

IDENTIFICATION DETAILS

 

Name :

NIZI INTERNATIONAL SA

 

 

Registered Office :

89e, Rue Pafebruch, Lux 8303 Cap

 

 

Country :

Luxembourg

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

27.04.1999

 

 

Com. Reg. No.:

RC Luxembourg, B 69.587  

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

wholesale of raw materials (ferrous and non- ferrous alloys)

 

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 :

EUR 1.000.000

Status :

Moderate

Payment Behaviour :

No Complaints  

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Luxembourg

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Nizi International SA

89E, Rue Pafebruch

LUX 8303 Cap

Tel.      00352-4422211
Fax:     00352-445268   

 

 

Legal form       

 

SA - Public limited company acc. to Lux. law   

 

 

Foundation      

 

1898

27.04.1999 as

SA - Public limited company acc. to Lux. law

originally founded by Nicolas Zimmer

 

 

Comp. Register   

 

RC Luxembourg, B 69.587)

VAT-No.: LU 179.247.01

change of style:

- former style until 03.06.2010: Tinfos

Nizi SA.

 

 

Share Capital  

 

EUR 27.500.000,--

                  Capital changes:

                  with entry

                  - on 17.06.2010 the share capital was increased

                    from EUR 2.500.000,-- by EUR 25.000.000,-- to

                    EUR 27.500.000,--

 

Shareholder(s)  

Tinfos Luxembourg SA

2, Rue Nicolas Bove

1253 Luxembourg    99,99 %

- last published situation -

possible changes regarding the participants

have so far not been published

 

Jason AS

N-                                            0,01 %

- last published situation -

possible changes regarding the participants

have so far not been published

 

 

Administration 

 

Gjermund Röynestad, born 20.12.1948, 26A,

Rue des Genêts, 8131 Bridel

 

Jean-Luc Karleskind, born 25.09.1959, 15,

Napoléon 1er, 8342 Olm

 

Dag Teigland, born 16.06.1966, N- Stabekk

 

resigned on 06.01.2010

Nikolai Johns, born 31.03.1961,

 

Change of the participants:

with entry

- on 06.01.2010 Dag Teigland was appointed

as member of the Administration

 

Commissary(ies)   Mazars SA, 10A, Rue Henri M. Schnadt, 2530

Luxembourg

 

 

General Data   

 

Wholesale of raw materials (ferrous and non-

                  ferrous alloys), especially steel for the iron

                  and steel industry

                  running of steelworks and a foundry

 

                  Tinfos"-Group, active in 9 countries (Western Europe,

                  USA, Brazil), since January 2010 is part of the

                  Norwegian investment company "Holta Invest

                  A/S"

                  further addresses:

                  registered office:

                  - 2010 Luxembourg, Postfach 22

                  NACE:

                  Wholesale of metals and metal ores          

                  Agents involved in the sale of fuels, ores, metals

                  and industrial chemicals                    

                  Wholesale of metals and metal ores          

 

Staff             2009     49 employees

                  2010     49 employees

 

Annual Sales      2007                          EUR     741.210.391,--

                  2008                          EUR     835.306.270,--

                  2009                          EUR     444.074.071,--

 

Assets            balance sheet as at 31.12.2009

 

                  Intangible assets             EUR          78.886,--

                  Tangible assets               EUR         638.129,--

                  Financial assets              EUR           2.504,--

                  Stocks                        EUR      68.346.376,--

                  Receivables and other assets  EUR      52.057.916,--

                  Cheques, cash at bank and in hand

                                                EUR       6.889.967,--

                  Deferred items - assets -     EUR         189.009,--

                  Balance sheet total           EUR     128.202.787,--

 

Liabilities       subscribed capital, credit

                  balance, capital accounts     EUR       2.500.000,--

                  Legal reserves                EUR         250.000,--

                  Other profit reserves         EUR       1.445.285,--

                  Profit carried forward        EUR      14.029.798,--

                  Net loss for the year

                                                EUR      -7.665.380,00

                  Provisions for taxation       EUR       6.677.830,--

                  Other provisions              EUR       1.904.836,--

                  Bank debts                    EUR      66.646.437,--

                  Accounts payable              EUR      10.120.430,--

                  Liabilities towards affiliated

                  companies                     EUR       2.896.754,--

                  Other liabilities             EUR      29.396.797,--

                  Balance sheet total           EUR     128.202.787,--

 

                  annual profit 2008            EUR       9.379.564,--

                  annual profit 2007            EUR       5.133.362,--

 

Remarks   miscellaneous:

                  associated companies:

                  - Compagnie des Mines et Metaux SA, NIZI, 1, Rue

                    Nicolas Welter, 2740 Luxembourg

 

                  estate at heading address is said to be owned by

                  Compagnie de Mines et Metaux SA, NIZI

                  - examination of public reserved -

 

                  change of address:

                  former addresses:

                  - 1253 Luxembourg, 2, Rue Nicolas Bove (until

                    17.12.2007)

                  - 2740 Luxembourg, 1, Rue Nicolas Welter

 

                  further means of communication:

                  - E-Mail: info@tinfosnizi.lu

                  - Internet: www.tinfosnizi.com

 

 

Bankers  

 

ABN AMRO Bank N.V.

Amsterdam

BGL BNP Paribas SA

Luxembourg

Dexia - Banque Internationale à Luxembourg S.A.

Luxembourg

 

Mode of payments  Within agreed terms                             

 

Credit Opinion             Business connections are permissible           

Maximum credit EUR 1.000.000,

development has to be observed in view of the high

loss

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.70.38

Euro

1

Rs.58.93

 

 

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

 

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.