MIRA INFORM REPORT

 

 

Report Date :

20.06.2012

 

IDENTIFICATION DETAILS

 

Name :

TRAXYS EUROPE SA

 

 

Registered Office :

19-21, Rte d'Arlon 8009 Strassen

 

 

Country :

Luxembourg

 

 

Financials (as on) :

30.11.2011

 

 

Date of Incorporation :

09.07.1986

 

 

Legal Form :

Société Anonyme

 

 

Line of Business :

Trade in Ferro alloys.

 

 

No. of Employees :

79

 

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 :

Good

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

Traxys Europe SA

 

Company identification

 

Traxys Europe SA

19-21, Rte d'Arlon

8009 Strassen

Luxembourg

Phone

+352 459999-1

Fax

+352 459999-222

E-Mail

info@traxys.com

Internet

www.traxys.com

 

 

 

 

 

 

 

Company status

active

Trade Register

Luxembourg B 24.562

Fiscal number

 

VAT N°

LU 132.383.40

 

The PD (Probability of Default) shows the probability that a debtor defaults within one year according to Basel II-criteria. The Solvency Index 500 and 600 is considered as default.

 

The PD for this solvency amounts to 0.17%. The average in Luxembourg amounts to 1.77% (updated: December 2011).

Payment behaviour and Credit Opinion

Payment behaviour

Within agreed terms

(22)

Credit opinion

Credits and business connections are permissible.

(21)

Structural data

Legal form

Société Anonyme

 

Foundation

09.07.1986 as Société Anonyme

Company age: 25 years

 

Trade register

09.07.1986, RC Luxembourg, B 24.562

 

A merger took place per 20.11.2009 with :

 

" Traxys Belgium SA",

 

 

 

History

 

 

Date

Reason

Change

09.07.1986

First entry

as SA, RC Luxembourg, B 24.562

28.02.1998

Change of registered business address

Move from: 2714 Luxembourg, 6-12, Rue du Fort Wallis

31.01.2000

Change of registered business address

Move from: 2714 Luxembourg, 2, Rue du Fort Wallis

22.12.2005

Change of name

previous legal form: Considar Europe SA

28.02.2010

Change of registered business address

Move from: 8080 Bertrange, 3, Rue Pletzer

 

Additional information on the public limited company

Share Capital

6.689.118,38 EUR

 

Legal reserves

unknown

 

Free reserves

unknown

 

Listing on the stock exchange

no

 

 

 

Addition to capital

officially registered share capital

USD 9.000.075,--

 

Shareholders and Capital

 

Name / Address / Status

Participating since

Share

Shareholder

 

Traxys Sàrl

8009 Strassen, 19-21, Rte d'Arlon

- last published situation -

possible changes regarding the participants have so far not been published

 

100,00 %

share capital

6.689.118 EUR

 

 

 

 

 

Management and power of representation

 

 

Name / Address / Status

Participating since

Power of representation

Board of Administration

 

President

Mark Kristoff, born 10.11.1961

New Canaan, CT, United States of America

 

 

 

Serge Joseph Pierre Weber, born 05.01.1964

8705 Useldange, 9, Rue de la Gare

12.09.2003

 

 

Michel Le Clef, born 26.03.1948

5811 Fentange, 88, Rue de Bettembourg

12.09.2003

 

 

Jean-Dominique Sorel, born 25.01.1949

1420 Luxembourg, 5, Ave Gaston Diderich

31.03.2005

 

 

Alan Docter, born 24.11.1943

Palm Beach, FL, United States of America

21.03.2006

 

 

Bernard De Busscher, born 08.09.1954

2410 Strassen, 180, Rue de Reckenthal

20.11.2009

 

Commissioner

 

Deloitte Audit Sàrl

2220 Luxembourg, 560, Rue de Neudorf

23.03.2004

 

 

Business activity

Registered business objective

Trade in Ferro alloys.

 

Subject company is part of the group "Traxys", active worldwide with approx 260 employees

 

 

Group Turnover: approx. USD 4.500.000.000,--

 

Classification of the industrial sectors, NACELUX 1.1

NACELUX 1.1

Description

Ranking

51.521

Wholesale of metals and metal ores

 

Business figures

Staff and Annual Sales

 

Fiscal year

Staff

2011

2010

2009

2008

2007

Employees

 

 

 

41

35

Total

79

67

45

41

35

 

 

Fiscal year

Kind of annual sales

01.12.2010 - 30.11.2011

01.12.2009 - 30.11.2010

01.12.2008 - 30.11.2009

01.12.2007 - 30.11.2008

01.12.2006 - 30.11.2007

Annual sales

2.338 Mio. EUR

1.427 Mio. EUR

701.022.098 EUR

555.162.870 EUR

392.320.898 EUR

 

Company balance sheet

Balance sheet

Type of account:

Annual report

 

Legal system

HGB

HGB

Reporting period

01.12.2010 - 30.11.2011

01.12.2009 - 30.11.2010

Assets

in EUR

in EUR

Balance sheet total

416.640.267,43

377.691.249,20

Concessions and industrial rights

1.490.746,05

3.288.071,17

Down payment made

3.410.188,93

 

Factory and office equipment

997.997,00

1.186.036,95

Shares in afffiliated companies

5.411.595,12

4.788.879,80

Other fixed assets

252.573,06

7.469,45

Stocks

 

188.263.885,01

Finished goods

185.289.082,71

 

Down payments made

15.782.793,50

 

Accounts receivable

163.453.299,94

138.477.781,91

Receivables from affiliates

18.093.225,47

19.614.799,18

Other assets

3.555.813,54

2.938.670,21

Cheque, cash in hand and in banks

2.702.955,08

13.169.407,94

Deferred items - assets -

16.199.997,03

5.956.247,58

Liabilities

in EUR

in EUR

Balance sheet total

416.640.267,43

377.691.249,20

Subscribed capital, credit balance, capital accounts

6.689.118,38

6.689.118,38

Legal reserves

668.912,21

668.912,21

Other profit reserves

1.669.036,33

1.553.092,58

Profit carried forward

54.404.694,24

19.631.615,48

Net profit

19.049.814,19

34.889.023,25

Pension provision

10.889,05

10.547,91

Tax provisions

463.976,42

198.382,73

Other provisions

12.815.871,66

10.164.661,68

Liabilities towards credit institutes

27.204.393,23

1.957.065,88

Accounts payable

98.117.404,20

36.135.897,23

Liabilities towards affiliates

144.872.788,15

245.721.801,14

Other liabilities

3.320.224,74

877.891,90

Deferred items - liabilities -

47.353.144,63

19.193.238,83

 

Addition to balance sheet as at 30.11.2011

Total of Liabilities

*** in USD ***

 

Balance sheet ratios

 

Reporting period

01.12.2010 - 30.11.2011

01.12.2009 - 30.11.2010

Financial position

 

 

Equity ratio (%)

19,80

16,79

Debt equity ratio

4,05

4,95

Net asset position

 

 

Liquid assets ratio (%)

0,65

3,49

Asset tangibility (%)

2,78

2,45

Liquidity position

 

 

Success rate (%)

17,63

14,44

Cash ratio, extended (%)

0,81

4,19

 

Additional information

Remarks

The figures of subject company are consolidated in the balance sheet of:

"Traxys Sàrl", 8009 Strassen

 

 

Participations:

- Traxys UK Ltd, GB-London

- Traxys Projects LP, CY

- Traxys Resources Ltd, CY

- Traxys Brasil Agenciamento Ltda, Brasilien

 

 

Related companies:

- Traxys Sàrl, 3, Rue Pletzer, 8080 Bertrange

- S.L.C.I., Société Luxembourgeoise de Commerce International SA, 3, Rue Pletzer, 8080 Bertrange

- Considar Metal Marketing SA, 3, Rue Pletzer, 8080 Bertrange

 

Bankers

Name of the bank
Town

Sort code
SWIFT

Fortis Banque
1000 Bruxelles


GEBABEBB

Dexia Banque Internationale à Luxembourg
1470 LUXEMBOURG


BILLLULL

BGL BNP Paribas
1855 LUXEMBOURG


BGLLLULL

Payment information and assessment of business connections

Payment behaviour and Credit Opinion

Payment behaviour

Within agreed terms

(22)

Credit opinion

Credits and business connections are permissible.

(21)

 

 

Negative facts

There are no negative facts.

 

 

Onderkant formulier


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.01

UK Pound

1

Rs.87.85

Euro

1

Rs.70.54

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.