MIRA INFORM REPORT
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Report Date : |
24.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ARCELORMITTAL INTERNATIONAL SA |
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Registered Office : |
19, Ave de la Liberté, 1931 Luxembourg |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.06.1920 |
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Legal Form : |
Société Anonyme |
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Line of Business : |
Agents involved in the
sale of fuels, ores, metals and industrial chemicals |
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No. of Employees
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26 Persons |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
12.000.000,00 EUR |
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Status : |
Good |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Luxembourg |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company identification
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Payment behaviour and Credit Opinion
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Structural data
Legal form
Société Anonyme
Foundation
19.06.1920 as
Société Anonyme
Company age: 91
years
Trade register
19.06.1920, RC
Luxembourg, B 3.983
History
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Date |
Reason |
Change |
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19.06.1920 |
First entry |
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05.07.2002 |
Change of name |
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31.01.2008 |
Change of name |
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Additional information on the public limited company
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Share Capital |
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Legal reserves |
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Free reserves |
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Listing on the stock exchange |
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Shareholders and Capital
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Management and power of representation
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Registered business objective
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Handel mit Stahlprodukten aller Art |
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Gesellschaft gehört zur Firmengruppe |
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"ArcelorMittal SA", Luxembourg |
Classification of the industrial sectors, NACELUX 1.1
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NACELUX 1.1 |
Description |
Weighting |
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51.121 |
Agents
involved in the sale of fuels, ores, metals and industrial chemicals |
100 % |
Business figures
Staff and Annual Sales
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Fiscal year |
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Staff |
2011 |
2010 |
2009 |
2008 |
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Total |
26 |
26 |
26 |
26 |
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Fiscal year |
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Kind of annual sales |
2010 |
2009 |
2008 |
2007 |
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Annual sales |
59.159.543 EUR |
61.483.007 EUR |
20.513.483 EUR |
70.522.152 EUR |
- Gesamterlöse -
Company balance sheet
Balance sheet
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Type of account: |
Annual report |
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Liabilities |
in EUR |
in EUR |
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Balance sheet total |
164.839.902,11 |
124.837.970,28 |
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Subscribed capital, credit balance,
capital accounts |
10.000.000,00 |
10.000.000,00 |
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Legal reserves |
1.000.000,00 |
1.000.000,00 |
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Other profit reserves |
5.130.795,38 |
5.130.795,38 |
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Profit carried forward |
45.040.507,61 |
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Net profit |
56.941.245,31 |
45.040.507,61 |
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Pension provision |
1.808.550,52 |
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Tax provisions |
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1.694.246,37 |
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Other provisions |
2.851.772,28 |
6.058.423,84 |
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Accounts payable |
309.155,05 |
551.010,96 |
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Liabilities towards affiliates |
41.469.537,03 |
54.995.413,02 |
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Liabilities towards participations |
14.110,40 |
14.110,40 |
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Other liabilities |
274.228,53 |
353.462,70 |
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Addition to balance sheet as at
31.12.2010 |
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Balance
sheet ratios
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Further
information on definition
and method of calculation is at your disposal here(only in
german). |
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Additional information
Remarks
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Beteiligungen: |
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- e-Arbed Distribution SA, 4221 Esch-sur-Alzette, |
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- Traxys SA, 8080 Bertrange |
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- Arcelor |
Bankers
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Name of the
bank |
Sort code |
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Dexia Banque Internationale ŕ Luxembourg |
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BGL BNP Paribas |
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Banque et Caisse d'Epargne de l'Etat, Luxembourg |
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KBL European Private Bankers S.A. |
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Banque de Luxembourg S.A. |
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Payment information and
assessment of business connections
Payment
behaviour and Credit
Opinion
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Negative
facts
There are no negative facts.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.10 |
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UK Pound |
1 |
Rs.81.30 |
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Euro |
1 |
Rs.70.07 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.