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Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
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Name : |
PAUL WURTH INTERNATIONAL SITE SERVICES SA |
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Formerly Known As : |
IMMOBILIÈRE CONTOURDIFF SÀRL |
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Registered Office : |
6, Rue Wenceslas Ier 2724 Luxembourg |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
27.04.1992 |
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Legal Form : |
Société Anonyme |
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Line of Business : |
Provision of services relating to the monitoring and
management of construction, installation, commissioning, maintenance,
operation, monitoring and repair of industrial equipment, mainly in the area
of steel production. |
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No. of Employees : |
Not Available |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 27% 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 favorable tax location because of OECD and EU pressure. The economy depends on foreign and cross-border workers for about 40% 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 before slowing again in 2012. 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 and 0.9% in 2012. 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. Luxembourg's economy, while stabile, grew slowly in 2012 due to ongoing weak growth in the euro area. Authorities have strengthened supervision of domestic banks because of their exposure to the activities of foreign banks
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Source
: CIA |
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The PD for this solvency amounts to 0.35%. The average in Luxembourg amounts to 1.89% (updated: December 2013). |
Legal form
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Société Anonyme |
Foundation
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27.04.1992 as Société à responsabilité limitée |
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Company age: 21 years |
Trade register
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27.04.1992, RC 2080 Luxembourg, B 40.282 |
History
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Additional
information on the public limited company
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Addition to capital |
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Capital changes: |
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As per 19.12.2012 the capital has changed from EUR 100.000,-- with EUR 1.000.000,-- to EUR 1.100.000,-- and at the same time reduced by EUR 465.480,43 to EUR 634.519,57 |
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Registered business objective
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Provision of services relating to the monitoring and management of contruction, installation, commissioning, maintenance, operation, monitoring and repair of industrial equipment, mainly in the area of steel production. |
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The group "Paul Wurth" is represented worldwide with branches and subsidiaries in 27 locations. |
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Approx. 16.000 employees |
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Subject company belongs to the SMS group since 17.12.2012, D-57271 Hilchenbach, active in the filed of metal processing |
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Approx. 11.000 employees |
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Group sales approx. EUR 3.000.000.000,-- |
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(Internet: www.sms-group.com) |
Classification of the industrial sectors, NACELUX 1.1
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NACELUX 1.1 |
Description |
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74.202 |
Architectural and engineering activities and related technical consultancy |
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Staff and Annual Sales
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Remark on the staff: |
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whether and to what extent subject employs external staff could not be ascertained |
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Remark on the annual sales: |
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no figures available |
Import / Export
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Import |
Export |
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Rate |
10 % |
70 % |
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Countries |
unknown |
unknown |
Company balance sheet
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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Remarks
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Sonstiges: |
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Gesellschaft nutzt die Kommunikationsnummern der "Société Anonyme Paul Wurth" |
Bankers
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A bank connection is not known. |
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.60.10 |
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1 |
Rs.99.85 |
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Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
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Report Prepared
by : |
NIS |
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.