|
Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMER-SIL SA |
|
|
|
|
Registered Office : |
61, Rue d'Olm 8281 Kehlen |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
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Date of Incorporation : |
13.02.1970 |
|
|
|
|
Legal Form : |
Societe Anonyme |
|
|
|
|
Line of Business : |
Manufacturing
and sales of micro-porous separators and membranes for lead-acid batteries, battery
tube pockets Polyester. |
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|
|
|
No. of Employees : |
abt. 103 |
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 |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Luxembourg |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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, automobile components, and other products. Growth in the financial
sector, which now accounts for about 36% 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.
|
Source
: CIA |
|
Name |
AMER-SIL SA |
Phone |
+352 309282-1 |
|
Address |
61, Rue d'Olm 8281 Kehlen Luxembourg |
Fax |
+352 308375 |
|
|
E-Mail |
amer-sil@amer-sil.com |
|
|
|
Internet |
www.amer-sil.com |
|
|
|
|
|
|
|
|
|
Trade Register |
Luxembourg B 8.871 |
|
Trade name |
THE MOORE COMPANY |
Fiscal number |
1970/2200/027 |
|
Company status |
Active |
VAT N° |
LU 113.893.62 |
Legal form
|
Société Anonyme |
Foundation
|
13.02.1970 as Société Anonyme |
|
Company age: 44 years |
Trade register
|
13.02.1970, RC 2080 Luxembourg, B 8.871 |
|
Fusion: |
|
|
|
- As per 31.12.2013 the
subject merged with der "Fulfex SA". As a result of this Fulfex SA
has been dissolved. |
|
|
History
|
Date |
Reason |
Change |
|||||
|
13.02.1970 |
First entry |
|
|||||
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30.06.2011 |
Change of registered
business address |
|
|||||
|
31.12.2013 |
Merger |
|
Additional information on the public limited company
|
|
Addition to capital |
|
Capital changes: |
|
|
|
- As per 30.12.2013 the
capital EUR 1.250.000,-- to EUR
1.850.000,-- . |
Shareholders and
Capital
|
||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
Management and
power of representation
|
number |
Name / Address / Status |
Participating since |
Power of representation |
||||
|
Board of Administration |
|||||||
|
9370041931 |
|
05.11.1996 |
|
||||
|
9370111604 |
|
08.11.2005 |
|
||||
|
9370166667 |
|
05.03.2010 |
|
||||
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Commissioner |
|||||||
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|
|||||
Participations
Participations of
the company
|
number |
Name / Address / Status |
|
Shareholder
|
|
Business activity
Registered
business objective
Manufacturing
and sales of micro-porous separators and membranes for lead-acid batteries,
battery tube pockets Polyester.
Classification of the industrial sectors, NACELUX 2
|
NACELUX 2 |
Description |
Ranking |
|
27.200 |
Manufacture of batteries
and accumulators |
|
Certification
ISO 9001
Business figures
Staff and Annual Sales
|
|
Fiscal year |
||||
|
Staff |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Industrial workers |
|
|
69 |
abt. 58 |
abt. 55 |
|
Employees |
|
|
23 |
abt. 23 |
abt. 22 |
|
Total |
abt. 103 |
abt. 103 |
92 |
abt. 81 |
abt. 77 |
|
|
Fiscal year |
||||
|
Kind of annual sales |
01.01.2013 - 31.12.2013 |
01.01.2012 - 31.12.2012 |
01.01.2011 - 31.12.2011 |
01.01.2010 - 31.12.2010 |
01.01.2009 - 31.12.2009 |
|
Annual sales |
6.074.953 EUR |
5.761.121 EUR |
5.651.547 EUR |
5.668.336 EUR |
4.260.835 EUR |
|
Gross profit |
6.074.953 EUR |
5.761.121 EUR |
5.651.547 EUR |
5.668.336 EUR |
4.260.835 EUR |
Import / Export
|
|
Import |
Export |
|
Rate |
no imports |
no exports |
Real Estate
|
reportedly exist |
|
Verification of
information on real estate property not possible for lack of insight into
land register files. |
Balance sheet
|
Type of account: |
Annual report |
|
Balance sheet category |
medium-sized b.sheet |
medium-sized b.sheet |
|
Legal system |
HGB |
HGB |
|
Reporting period |
01.01.2013 - 31.12.2013 |
01.01.2012 - 31.12.2012 |
|
Assets |
in EUR |
in EUR |
|
Balance sheet total |
15.234.403,05 |
10.889.241,63 |
|
Land and buildings |
1.739.371,62 |
438.819,19 |
|
Technical equipment and machines |
477.339,75 |
552.949,11 |
|
Factory and office equipment |
37.778,06 |
59.439,80 |
|
Down payments made, plant
under construction |
19.776,27 |
14.722,40 |
|
Shares in afffiliated companies |
4.966.797,10 |
2.284.027,59 |
|
Loans to affiliated companies |
1.733.600,49 |
117.342,26 |
|
Raw materials and supplies |
1.085.905,92 |
1.325.116,54 |
|
Unfinished goods and work
in progress |
841.889,43 |
687.193,96 |
|
Finished goods |
405.323,30 |
840.671,79 |
|
Accounts receivable |
2.028.076,78 |
2.460.195,50 |
|
Receivables from affiliates |
770.969,08 |
1.369.106,29 |
|
Other assets |
253.088,26 |
334.161,38 |
|
Cheque, cash in hand and
in banks |
855.764,89 |
385.688,40 |
|
Deferred items - assets - |
18.722,10 |
19.807,42 |
|
Liabilities |
in EUR |
in EUR |
|
Balance sheet total |
15.234.403,05 |
10.889.241,63 |
|
Shareholders' funds |
10.831.536,50 |
7.095.874,59 |
|
Pension provision |
10.000,00 |
10.172,68 |
|
Other provisions |
15.000,00 |
220.000,00 |
|
Liabilities towards credit institutes |
|
1.082.522,28 |
|
Accounts payable |
948.748,07 |
1.053.061,01 |
|
Liabilities towards affiliates |
2.521.800,52 |
665.508,05 |
|
Miscellaneous items |
907.317,96 |
762.103,02 |
Profit and Loss
Account
Calculation type: Total
expenditure format
|
Legal system |
HGB |
HGB |
|||
|
Reporting period |
01.01.2013 - 31.12.2013 |
01.01.2012 - 31.12.2012 |
|||
|
in EUR |
in EUR |
|||
|
Sales revenues |
0,00 |
0,00 |
|||
|
Change in stock (+/-) |
0,00 |
0,00 |
|||
|
Own work capitalized |
0,00 |
0,00 |
|||
|
Other operating income |
0,00 |
0,00 |
|||
|
Cost of materials |
0,00 |
0,00 |
|||
|
Gross result |
6.074.953,20 |
5.761.120,96 |
|||
|
Staff costs |
5.588.348,95 |
5.648.009,96 |
|||
|
Depreciations |
257.573,23 |
247.202,48 |
|||
|
Other operating expenses |
6.757,37 |
35.284,60 |
|||
|
Operating result |
222.273,65 |
-169.376,08 |
|||
|
Income from participations |
0,00 |
0,00 |
|||
|
Interests and similar income |
136.407,39 |
27.284,06 |
|||
|
Interests and similar expenses |
67.436,15 |
76.688,31 |
|||
|
Interest income |
68.971,24 |
-49.404,25 |
|||
|
Result on ordinary activities |
291.244,89 |
-218.780,33 |
|||
|
Extraordinary result |
0,00 |
35.410,13 |
|||
|
Taxes on income |
-44.957,02 |
-69.100,00 |
|||
|
Other taxes |
6.203,50 |
23.330,00 |
|||
|
Other balance sheet items
that change the annual result |
0,00 |
0,00 |
|||
|
Net profit / net loss |
329.998,41 |
-137.600,20 |
|||
|
Changes following annual result |
0,00 |
0,00 |
|||
|
Balance sheet profit /
balance sheet loss |
329.998,41 |
-137.600,20 |
Balance sheet
ratios
|
Reporting period |
01.01.2013 - 31.12.2013 |
01.01.2012 - 31.12.2012 |
|
Financial position |
|
|
|
Equity ratio (%) |
71,10 |
65,16 |
|
Net asset position |
|
|
|
Capital turnover |
0,00 |
0,00 |
|
Earnings position |
|
|
|
Return on assets (%) |
2,61 |
-0,56 |
Remarks
|
Participations: |
|
- Tergar S.r.l., Italien |
|
- Amer-Sil Asia Ltd, Hong-Kong |
|
|
|
Sonstiges: |
|
assoziierte Gesellschaften: |
|
- Amer-Sil s.r.o., CZ-
Stetí |
|
- Fulflex SA, Zone Industrielle, 8287 Kehlen |
|
- Fulflex International
Co., IRL- Limerick |
|
- Fulflex Inc., USA-
Middletown, RI |
|
- Fulflex Singapore Pte. Ltd., SGP- Jurong |
Bankers
|
Name of the bank |
Sort code |
|
Banque et Caisse d'Epargne de l'Etat, Luxembourg |
|
|
BGL BNP Paribas |
|
|
BIL Banque Internationale
à Luxembourg S.A. |
|
Payment information and assessment of business connections
Payment behaviour
|
Payment behaviour |
|
Negative facts
There are no negative
facts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SDA |
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.