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Report Date : |
22.10.2014 |
IDENTIFICATION DETAILS
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Name : |
ARCELORMITTAL
INTERNATIONAL LUXEMBOURG SA |
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Registered Office : |
19, Ave De La Liberte 1931 |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
18.04.1962 |
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Legal Form : |
Limited company by shares |
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Line of Business : |
Wholesale of metals and metal ores |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Luxembourg |
A2 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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, 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 |
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Company name |
Arcelormittal
International Luxembourg SA |
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Operative address |
19, Ave De La Liberte |
|
Status |
Active |
|
Legal
form |
Limited company by shares - SA |
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Registration
number |
Trade register number: B 6.304 (Luxembourg) |
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VAT-number |
LU11673960 |
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Company name |
Arcelormittal International Luxembourg SA |
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Operative address |
19, Ave De La Liberte |
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Correspondence address |
19, Ave De La Liberte |
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Telephone number |
+352 47921 |
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Fax number |
+352 47922029 |
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Registration number |
Trade register number: B 6.304 (Luxembourg) |
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VAT-number |
LU11673960 |
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Status |
Active |
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Establishment date |
1962-04-18 |
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Legal form |
Limited company by shares - SA |
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NACE |
Wholesale of metals and metal ores (4672) |
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Shareholders |
Name: ARCELORMITTAL
INTERNATIONAL SA |
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Structure |
Participations - AMI Algeria EURL - AMI Salvador SA - AMI Africa - AMI SA PTY Ltd - AMI Brazil Ltda - AMI Venezuela C.A. - AMI Lapandry Acier Sarl - AMI Ecuador SA - AMI Ticaret SA - AMI Antwerp N.V. - AMI Ukraine |
|
-Rajesh
Saigal, born 25/11/1969, President -Virinder
Garg |
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Last annual account |
2013 |
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Auditor |
KPMG Audit Sarl |
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Type of annual account |
Corporate |
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Annual account |
Arcelormittal International
Luxembourg SA |
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Type of account: |
Annual report |
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Remarks |
Bankers: -BIL Banque Internationale à Luxembourg S.A. 1470 Luxembourg BILLLULL -BGL BNP Paribas 1855 LUXEMBOURG BGLLLULL -Banque et Caisse d'Epargne de l'Etat, Luxembourg 1930 LUXEMBOURG BCEELULL -KBL European Private Bankers S.A. 2449 LUXEMBOURG KBLXLULL |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
|
1 |
Rs.99.16 |
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Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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 |
|
|
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.