|
Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
NUCOR TRADING SA |
|
|
|
|
Registered Office : |
Avenue Rousseau 7, 2000 Neuchâtel |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
10.05.1988 |
|
|
|
|
Com. Reg. No.: |
645.1.001.400-1 / 362094 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
international trading company active around the
world in ferrous products such as finished and semi-finished steel |
|
|
|
|
No. of Employees : |
16 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Nucor Trading SA
Avenue Rousseau 7
2000 Neuchâtel
Switzerland/CH
Telephone: 032
7238090
Fax: 032
7108804
Web
site: http://www.nucortrading.com
E-mail: all@nucortrading.com
VAT-No.: CHE101460563
Established: 1988
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4672 Wholesale of metals and metal ores
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: estimated
Employees: 16
Sales: CHF 100-200 Mio
Nucor Trading is an international trading company active around the world
in ferrous products such as finished and semi-finished steel.
Information on property ownership was not available.
Company
No: 645.1.001.400-1 /
362094
Legal
form: Company limited
by shares
Registration: 10.05.1988
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Neuchâtel
History: Date of Statutes:
30.08.1995
Date of
Incorporation Statutes: 05.05.1988
Date of
Statutes: 20.08.2009
Date of
Statutes: 27.06.2006
Date of
Statutes: 25.08.2005
Date of
Statutes: 21.12.2004
Date of
Statutes: 17.05.2000
Entry Deleted Name
24.08.2009 Nucor
Trading SA
24.08.2009 Nucor
Trading Ltd (Name translated)
24.08.2009 Nucor
Trading AG (Name translated)
24.08.2009 Novosteel SA
removed Novo-Plez SA
Entry Deleted Legal domicile
active Neuchâtel,
Switzerland
Entry Deleted Address
21.05.2001 Avenue
J.-J. Rousseau 7, 2000 Neuchâtel/NE, Switzerland/CH
21.05.2001 Ruelle Dublé 3, 2000 Neuchâtel/NE,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
29.12.2004 100
Registered shares of CHF 1'000.--
Entry Deleted Activity (original Language)
03.07.2006 Import,
export, achat et vente d'aciers en tous genres, soit produits bruts et semi-finis.
Se porter caution et garantir des engagements de tiers.
03.07.2006 Import, export, achat et vente d'aciers en
tous genres, soit produits bruts et semi-finis.
Entry Deleted Remarks (original Language)
active Publishing
authority: FOSC.
active Board of directors: Un ou
plusieurs membres.
24.08.2009 Reports:
Communications aux actionnaires: FOSC, lettre recommandée, téléfax ou courrier
électronique, au choix du Conseil d'administration.
31.08.2005 Reports:
Convocations des actionnaires: par lettre recommandée adressée à chaque
actionnaire, ou par un avis inséré dans la Feuille officielle suisse du
commerce ou par téléfax, au choix du conseil d'administration.
Title Name
President Robert
Joseph Jr Stratman, Origin: United States of America, Address: Waxhaw, United
States of America, single signature, Registered since: 04.08.2009
Vice-President
& Chief Executive Michael Setterdahl,
Origin: Sweden, Address: 2000 Neuchâtel /NE, Switzerland, single signature
Title Name
Auditor PricewaterhouseCoopers
SA, Address: Pully, Switzerland, Registered since: 28.07.2008
Title Name
Chief
Executive Officer Michael
Setterdahl (michael@novosteel.ch)
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2011 31.12.2010 31.12.2009 31.12.2008
Number of months: 12 12 12 12
Currency: th.
USD th. USD th. USD th. USD
Balance Sheet
Intangible fixed
assets 2'615'301.0 2'692'419.0 2'705'943.0 2'678'590.0
Other tangible
fixed assets 4'013'836.0 4'131'861.0
Tangible fixed
assets 3'755'604.0 3'852'118.0 4'013'836.0 4'131'861.0
Financial fixed
assets 598'482.0
other fixed assets 1'491'364.0 917'716.0 669'877.0 666'506.0
Fixed assets 7'862'269.0 8'060'735.0 7'389'656.0 7'476'957.0
Stocks 1'987'257.0 1'557'574.0 1'312'903.0 2'408'157.0
Trade accounts
receivable 1'710'773.0 1'439'828.0 1'116'035.0 1'228'807.0
Liquid assets 1'200'645.0 1'325'406.0 2'016'981.0 2'355'130.0
Securities 1'362'641.0 1'153'623.0 225'000.0
other trade
accounts 446'765.0 384'744.0 511'329.0 405'392.0
Other current
assets 3'010'051.0 2'863'773.0 2'753'310.0 2'760'522.0
Current assets 6'708'081.0 5'861'175.0 5'182'248.0 6'397'486.0
Total assets 14'570'350.0 13'921'910.0 12'571'904.0 13'874'443.0
Capital 1'907'030.0 1'861'699.0 1'825'654.0 1'779'609.0
Other shareholders
funds 5'567'855.0 5'258'371.0 5'564'872.0 6'149'595.0
Total shareholders
equity 7'474'885.0 7'120'070.0 7'390'526.0 7'929'204.0
Minority interests 231'695.0 210'624.0 193'763.0 327'477.0
long term debt
(financial debts) 3'630'200.0 4'280'200.0 3'080'200.0 3'086'200.0
Other non current
liabilities 837'511.0 806'578.0 680'358.0 677'370.0
Non current
liabilities 4'467'711.0 5'086'778.0 3'760'558.0 3'763'570.0
short term debt
(financial debts) 651'826.0 13'328.0 7'748.0 189'022.0
Trade accounts
payable 958'645.0 896'703.0 707'038.0 534'161.0
Accruals 333'341.0 207'168.0 154'997.0 580'090.0
other accounts
payable 452'247.0 387'239.0 357'274.0 550'919.0
other current
liabilities 785'588.0 594'407.0 512'271.0 1'131'009.0
Current
liabilities 2'396'059.0 1'504'438.0 1'227'057.0 1'854'192.0
Shareh. equity,
min. interests + liabilities 14'570'350.0 13'921'910.0 12'571'904.0 13'874'443.0
Profit and loss
account
Sales 20'023'564.0 15'844'627.0 11'190'296.0 23'663'324.0
Net sales 20'023'564.0 15'844'627.0 11'190'296.0 23'663'324.0
Operating revenue 20'023'564.0 15'844'627.0 11'190'296.0 23'663'324.0
Cost of goods sold 18'074'967.0 15'000'962.0 11'035'903.0 19'612'283.0
Gross profit 1'948'597.0 843'665.0 154'393.0 4'051'041.0
Other operating
expenses 530'691.0 423'457.0 351'278.0 819'247.0
Operating result 1'417'906.0 420'208.0 -196'885.0 3'231'794.0
Interest revenues 12'718.0 8'047.0
Financial income 12'718.0 8'047.0 0.0 0.0
Interest expenses 178'812.0 161'140.0 134'752.0 90'483.0
other financial
expenses 82'341.0 36'920.0
Financial expenses 178'812.0 161'140.0 217'093.0 127'403.0
Financial result -166'094.0 -153'093.0 -217'093.0 -127'403.0
Result before
extraordinary items 1'251'812.0 267'115.0 -413'978.0 3'104'391.0
Extraordinary
Result 0.0 0.0 0.0 0.0
Result before
taxes 1'251'812.0 267'115.0 -413'978.0 3'104'391.0
Taxes 390'828.0 60'792.0 -176'800.0 959'480.0
Result before
minority interests 860'984.0 206'323.0 -237'178.0 2'144'911.0
minority interests 82'796.0 72'231.0 56'435.0 313'921.0
Result for the
financial year 778'188.0 134'092.0 -293'613.0 1'830'990.0
Cash flow
Depreciation 522'571.0 512'147.0 494'035.0 479'484.0
Cash flow 1'383'555.0 718'470.0 256'857.0 2'624'395.0
Cash flow from
operating activities 1'032'612.0 873'404.0 1'182'297.0 2'498'728.0
Investments in
tangible fixed assets 440'502.0 345'294.0
Cash flow from
investing activities -661'447.0 -2'262'365.0 -700'412.0 -3'320'686.0
Cash flow from
financing activities -495'022.0 691'828.0 -820'034.0 1'783'145.0
Others -904.0 5'558.0
Change in
liquidity -124'761.0 -691'575.0 -338'149.0 961'187.0
Liquidity at
beginning of the year 1'325'406.0 2'016'981.0 2'355'130.0 1'393'943.0
Liquidity at end
ot the year 1'200'645.0 1'325'406.0 2'016'981.0 2'355'130.0
Notes
Added value 1'953'195.0 940'402.0 214'809.0 3'674'358.0
Working Capital 2'739'385.0 2'100'699.0 1'721'900.0 3'102'803.0
Sales per Employee 962.7 772.9 548.5
Gross cost land
and buildings 1'753'467.0 1'266'426.0 1'585'451.0 1'943'213.0
Gross cost other
tangible fixed assets 7'727'630.0 7'826'048.0 7'212'984.0 6'540'426.0
Gross cost total 9'481'097.0 9'092'474.0 8'798'435.0 8'483'639.0
Employees at year end 20'800 20'500 20'400
Name: Nucor Corporation
City/Country: Charlotte, United States of
America/US
No.
of Owner/-s: 2
Owner: The company is foreign
owned.
Class: 50-99%
Name: Harris Steel Holding
(Schweiz) AG
City/Country: Neuchâtel, Switzerland/CH
No.
of shares: 75
Interest: 75.00% voting right,
75.00% capital interest (since 2005)
Class: 20-29%
Name: SERIMNER HOLDING SA
City/Country: Neuchâtel, Switzerland/CH
No.
of shares: 25
Interest: 25.00% voting right,
25.00% capital interest
Class: 100%
Name: Novologistics Sàrl
City/Country: Neuchâtel, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Class: 50%
Name: Novofer SA
City/Country: Neuchâtel, Switzerland/CH
Interest: 50.00% voting right,
50.00% capital interest
Control date Year No. Amount CHF Status
31.12.2002 2002 1 18'000.-- Legal actions
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is difficult to assess.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.87.37 |
|
Euro |
1 |
Rs.69.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.