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Report Date : |
16.05.2013 |
IDENTIFICATION DETAILS
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Name : |
NIZI INTERNATIONAL SA |
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Registered Office : |
89E, Rue Pafebruch
8303 Cap |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1898 |
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Legal Form : |
Société Anonyme |
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Line of Business : |
Wholesale in raw materials (ferrous and
non-ferrous alloys) steel and iron |
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No. of Employees : |
50 |
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 : |
Satisfactory |
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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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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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NIZI INTERNATIONAL
SA |
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89E, Rue Pafebruch |
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8303 Cap |
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Luxembourg |
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Phone |
+352 4422211 |
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Fax |
+352 445268 |
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E-Mail |
info@nizi.com |
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Internet |
www.nizi.com |
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Trade Register |
Luxembourg B 69.587 |
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Fiscal number |
1999/2209/286 |
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Company status |
active |
VAT N° |
LU 179.247.01 |
The Solvency Index2.0 165 means
"very good solvency".
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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. |
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The PD for this solvency amounts to 0.16%. The
average in Luxembourg amounts to 1.69% (updated: June 2012). |
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Legal form
Société Anonyme
Foundation
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1898 (first known legal form: 27.04.1999 as
Société Anonyme) |
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Company age: 114 years |
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Ursprung durch Nicolas Zimmer |
Trade register
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- per 17.06.2010 increased from EUR 2.500.000,-- with EUR 25.000.000,-- to
EUR 27.500.000,-- |
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erhöht |
Shareholders and Capital
Name / Address / Status Participating since Share
Shareholder
Nizi Luxembourg SA
8308 Cap, 89E, Rue Pafebrouch 100,00
%
- last published situation -
possible changes regarding the participants have
so far not been published
share capital
27.500.000 EUR
Management and power of representation
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Name / Address / Status |
Participating since |
Power of representation |
Board of Administration
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06.01.2010 |
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12.10.2010 |
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01.10.2010 |
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16.12.2010 |
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17.02.2011 |
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Commissioner
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12.10.2010 |
Registered business objective
Wholesale in raw materials (ferrous and non-ferrous
alloys) steel and iron. Operation of a steel plant.
The “Tinfos"-group is active in 9 counries
(Europe, USA and Brasil) belongs to the norwegian investment company "Holta Invest A/S" since January
2010.
Classification of the industrial sectors,
NACELUX 1.1
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NACELUX 1.1 |
Description |
Ranking |
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51.52 |
Wholesale of metals and metal ores |
1 |
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51.121 |
Agents involved in the sale of fuels, ores,
metals and industrial chemicals |
2 |
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51.521 |
Wholesale of metals and metal ores |
3 |
Staff and Annual Sales
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Fiscal year |
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Staff |
2012 |
2011 |
2010 |
2009 |
2008 |
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Total |
50 |
51 |
49 |
abt. 49 |
47 |
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Fiscal year |
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Kind of annual sales |
01.01.2011 - 31.12.2011 |
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 |
744.606.625 EUR |
627.110.125 EUR |
444.074.071 EUR |
835.306.270 EUR |
741.210.391 EUR |
Balance sheet
Type of account: Annual report
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Legal system HGB HGB |
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Calculation type: |
Total expenditure format |
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Reporting period |
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Reporting period
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Financial position |
01.01.2011 - 31.12.2011 |
01.01.2010 - 31.12.2010 |
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Equity ratio (%) |
15,67 |
17,75 |
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Creditor days (days) |
21,72 |
25,77 |
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Net asset position |
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Short term capital commitment (%) |
26,10 |
26,65 |
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Capital turnover |
3,05 |
2,93 |
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Earnings position |
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Return on assets (%) |
2,73 |
4,42 |
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Net profit ratio (%) |
0,06 |
0,39 |
Remarks
Associated companies:
- Compagnie des Mines et Metaux SA, NIZI, 1, Rue
Nicolas Welter, 2740 Luxembourg
The real estate belongs to Compagnie de Mines et
Metaux SA, NIZI,
1, Rue Nicolas Welter, 2740 Luxembourg
Bankers
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Name of the bank |
Sort code |
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ABN AMRO Bank N.V. |
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BGL BNP Paribas |
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Dexia Banque Internationale à Luxembourg |
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Payment behaviour
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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.54.78 |
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|
1 |
Rs.83.38 |
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Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
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Report
Prepared by : |
NIT |
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.