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Report No. : |
356926 |
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Report Date : |
30.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SIMEXCO SĀRL |
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Registered Office : |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
30.04.2008 |
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Com. Reg. No.: |
Luxembourg B 138.327 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Sale of wood |
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No. of Employee : |
2 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Luxembourg |
A1 |
A1 |
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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 has historically featured solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, machinery and equipment, rubber, automotive components, and other products. The financial sector, which accounts for about 36% of GDP, is the leading sector in the economy. The economy depends on foreign and cross-border workers for about 39% of its labor force. Luxembourg experienced uneven economic growth in the aftermath of the global economic crisis that began in late 2008. Luxembourg's GDP contracted 3.6% in 2009, rebounded in 2010-12, fell again in 2013, but recovered in 2014. Unemployment has remained below the EU average despite having increased from a historically-low rate of 4% in the 2000s to 7% in 2014. 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. Luxembourg has one of the highest current account surpluses as a share of GDP in the euro zone, and it maintains a healthy budgetary position and the lowest public debt levels in the region. Luxembourg has lost some of its advantage as a favorable tax location because of OECD and EU pressure. In 2015 the governments compliance with EU requirements to implement automatic exchange of tax information on savings accounts - thus ending banking secrecy - has depressed banking activity and dampened GDP growth. Likewise, changes to the way EU members collect taxes from e-Commerce has cut Luxembourgs tax revenues, requiring the government to raise additional levies and to reduce some direct social benefits.
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Source
: CIA |
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Company name |
SIMEXCO SĀRL |
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Trading name |
Simexco |
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Operative address |
24, Bohey 9647 Doncols Luxembourg |
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Correspondence address |
24, Bohey 9647 Doncols Luxembourg |
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Telephone number |
+352 26953645 |
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Fax number |
+352 26953647 |
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Email address |
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Website |
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Registration number |
Luxembourg B 138.327 |
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Fiscal number |
2008/2416/278 |
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VAT-number |
LU 225.154.73 |
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Status |
Active |
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Establishment date |
30.04.2008 |
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Legal form |
Société ā responsabilité limitée |
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Subscribed share capital |
EUR 40.000 |
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Holding. Sale of wood. |
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Shareholders |
Jean-Pierre Simon, born
16.12.1964, Paliseul, Belgium, 80% |
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Structure |
Related company: Execo SA, Rue de la Scierie 37, B-6852 Paliseul |
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Branches |
No branches on record. |
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Management |
Martine Goffin, born
06.07.1964Paliseul, Belgium |
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Year |
2015 |
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2 |
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ING LUXEMBOURG S.A. |
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Within agreed terms |
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History:
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BALANCE SHEET
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Type of account: |
Annual report |
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BALANCE SHEET
RATIOS
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.37 |
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1 |
Rs.98.91 |
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Euro |
1 |
Rs.72.85 |
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EUR |
1 |
Rs.72.58 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
ANK |
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 |
-- |
This score serves as a reference to assess SCs
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.