MIRA INFORM REPORT
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Report Date : |
20.10.2012 |
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 : |
Trade in metals of all types |
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No. of Employees : |
26 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
Luxembourg- ECONOMIC OVERVIEW
This small, stable, high-income economy - benefiting from its proximity
to France, Belgium, and Germany - has historically featured solid growth, low inflation,
and low unemployment. The industrial sector, initially dominated by steel, has
become increasingly diversified to include chemicals, rubber, and other
products. Growth in the financial sector, which now accounts for about 28% of
GDP, has more than compensated for the decline in steel. Most banks are
foreign-owned and have extensive foreign dealings, but Luxembourg has lost some
of its advantages as a tax haven because of OECD and EU pressure. The economy
depends on foreign and cross-border workers for about 60% of its labor force.
Luxembourg, like all EU members, suffered from the global economic crisis that
began in late 2008, but unemployment has trended below the EU average.
Following strong expansion from 2004 to 2007, Luxembourg's economy contracted
3.6% in 2009, but rebounded in 2010-11. The country continues to enjoy an
extraordinarily high standard of living - GDP per capita ranks among the
highest in the world, and is the highest in the euro zone. Turmoil in the world
financial markets and lower global demand during 2008-09 prompted the
government to inject capital into the banking sector and implement stimulus
measures to boost the economy. Government stimulus measures and support for the
banking sector, however, led to a 5% government budget deficit in 2009.
Nevertheless, the deficit was cut to 1.1% in 2011. Even during the financial
crisis and recovery, Luxembourg retained the highest current account surplus as
a share of GDP in the euro zone, owing largely to their strength in financial services.
Public debt remains among the lowest of the region although it has more than
doubled since 2007 as percentage of GDP.
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Source : CIA |
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Legal form
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Société Anonyme |
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19.06.1920 as Société Anonyme |
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Company age: 92 years |
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19.06.1920, RC Luxembourg, B 3.983 |
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Additional information on the public limited
company
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Registered business objective
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Trade in metals of all types. |
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Subject company belongs to the group: |
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"ArcelorMittal SA", Luxembourg |
Classification of the industrial sectors,
NACELUX 1.1
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NACELUX 1.1 |
Description |
Ranking |
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51.121 |
Agents involved in the sale of fuels, ores,
metals and industrial chemicals |
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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 |
01.01.2010 - 31.12.2010 |
01.01.2009 - 31.12.2009 |
01.01.2008 - 31.12.2008 |
01.01.2007 - 31.12.2007 |
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Annual sales |
59.159.543 EUR |
61.483.007 EUR |
20.513.483 EUR |
70.522.152 EUR |
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last available information |
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Balance sheet
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Type of account: |
Annual report |
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Addition to balance sheet as at 31.12.2010 |
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Profit and Loss Account
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Calculation type: |
Total expenditure format |
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Balance sheet ratios
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Additional information
Remarks
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Participations: |
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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 International Export SA, 1931
Luxembourg |
Bankers
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Name of the bank |
Sort code |
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Dexia Banque
Internationale à 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
Negative facts
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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.52.96 |
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UK Pound |
1 |
Rs.85.45 |
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Euro |
1 |
Rs.69.46 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.