|
Report No. : |
306092 |
|
Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRAXYS EUROPE SA |
|
|
|
|
Registered Office : |
19-21, Rte d'arlon, 8009 Strassen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
09.07.1986 |
|
|
|
|
Com. Reg. No.: |
B 24.562 |
|
|
|
|
Legal Form : |
Limited Company by Shares
|
|
|
|
|
Line of Business : |
Subject is Non-specialised wholesale trade. |
|
|
|
|
No. of Employee : |
Not Available |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
Company name and addressTRAXYS EUROPE SA |
|
|
Operative
address |
19-21, Rte d'arlon |
|
8009 Strassen |
|
|
Luxembourg |
|
|
|
|
|
Status |
Active |
|
Specification |
This company can meet all its obligations. |
|
|
|
|
Legal form |
Limited company by shares - SA |
|
Registration
number |
Trade register number: B 24.562 (Luxembourg) |
|
VAT-number |
LU13238340 |
|
|
|
|
Correspondence
address |
19-21, Rte d'arlon |
|
8009 Strassen |
|
|
Luxembourg |
|
|
|
|
|
Telephone number |
+352 459999 |
|
Fax number |
+352 459999222 |
Registration |
|
|
Registration
number |
Trade register number: B 24.562 (Luxembourg) |
|
VAT-number |
LU13238340 |
|
|
|
|
Status |
Active |
|
Establishment date |
09-07-86 |
|
|
|
|
Legal form |
Limited company by shares - SA |
|
|
|
|
Subscribed share
capital |
EUR 6.932.758 |
Activities |
|
|
NACE |
Non-specialised wholesale trade (4690) |
Relations |
|
|
SHAREHOLDERS |
ULTIMATE GLOBAL SHAREHOLDER |
|
Name:
T-IS HOLDINGS L.P. |
|
|
Address:
C/O Intertrust Corporate Services (Cayman) Limited |
|
|
City:
GRAND CAYMAN |
|
|
Country:
KY |
|
|
Type:
Industrial company |
|
|
|
|
|
ULTIMATE
DOMESTIC SHAREHOLDER |
|
|
Name: T-I HOLDINGS SARL |
|
|
National id number: B 106.007 (Luxembourg) |
|
|
Address: 19-21, Rte d'Arlon |
|
|
City: STRASSEN |
|
|
Country: LU |
|
|
Type: Industrial company |
|
|
Turnover: 115 mil. USD |
|
|
Total assets: 273.09 mil. USD |
|
|
Shareholders funds: 33.26082 mil. USD |
|
|
|
|
|
SHAREHOLDERS |
|
|
Name: TRAXYS SARL |
|
|
National id number: B 90.829 (Luxembourg) |
|
|
Address: 19-21, Rte d'Arlon |
|
|
City: STRASSEN |
|
|
Country: LU |
|
|
Phone: +352 4599991 |
|
|
Fax: +352 459999222 |
|
|
Type: Industrial company |
|
|
Turnover: 350 mil. USD |
|
|
Total assets: 803.06 mil. USD |
|
|
Shareholders funds: 197.05709 mil. USD |
|
|
Number of employees: 0 |
|
|
|
|
|
STRUCTURE |
SUBSIDIARIES |
|
Name: TRAXYS (UK) LIMITED |
|
|
National id number: 02212312 |
|
|
Address: Suite 8 |
|
|
City: SHEFFIELD |
|
|
Country: GB |
|
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Type: Financial company |
|
|
Phone: +44 1142447991 |
|
|
Website: www.traxys.com |
|
|
Share direct: 100.00% |
|
|
Turnover: 10.42 mil. USD |
|
|
Total assets: 1.59 mil. USD |
|
|
Profit loss before tax: -0.30857 mil. USD |
|
|
Profit loss after tax net income: -0.30879
mil. USD |
|
|
Shareholders funds: 1.48834 mil. USD |
|
|
|
|
|
Name: TRAXYS EUROPE SA |
|
|
National id number: 0449.097.429 |
|
|
Address: NOORDERLAAN 147 |
|
|
City: ANTWERPEN |
|
|
Country: BE |
|
|
Type: Industrial company |
|
|
Share direct: MO% |
|
|
|
|
|
Name: PREDSTAVITELSTVO AKTSIONERGO
OBSHCHESTVA TRAKSIS EVROP S.A. (LYUKSEMBURG) |
|
|
National id number: 9909209609 |
|
|
Address: Ul bolshaya andronyevskaya, D
25/33 |
|
|
City: MOSCOW |
|
|
Country: RU |
|
|
Type: Industrial company |
|
Management |
|
|
MANAGEMENT |
Fullname: Mr Bernard Albert Oliver De Busscher |
|
Type: Individual |
|
|
Gender: Male |
|
|
date of birth: 1954/09/08 |
|
|
Age: 60 |
|
|
Country of nationality: Belgium |
|
|
Address: Rue de Reckenthal 180, 2410,
Strassen, Luxembourg |
|
|
Function: Administrative Board (AG) |
|
|
Level of responsibility: Member |
|
|
|
|
|
Fullname:
Mr Renaud de Tarragon |
|
|
Type: Individual |
|
|
Gender: Male |
|
|
date of birth: 1974 |
|
|
Age: 41 |
|
|
Address: Rue Adolphe Fischer 102, 1521, Luxembourg,
Luxembourg |
|
|
Function: Administrative Board (AG) |
|
|
Level of responsibility: Member |
|
|
|
|
|
Fullname:
Mr Alan Keith Docter |
|
|
Type: Individual |
|
|
Gender: Male |
|
|
date of birth: 1943/11/24 |
|
|
Age: 71 |
|
|
Country of nationality: United States of
America |
|
|
Address: Palm Beach, FL, United States |
|
|
Function: Administrative Board (AG) |
|
|
Level of responsibility: Member |
|
|
|
|
|
Fullname:
Mr Mark Slater Kristoff |
|
|
Type: Individual |
|
|
Gender: Male |
|
|
date of birth: 1961/11/10 |
|
|
Age: 53 |
|
|
Country of nationality: United States of
America |
|
|
Address: New Canaan, CT, United States |
|
|
Number of involvements: 7 |
|
|
Function: Administrative Board (AG) |
|
|
Level of responsibility: Member |
|
|
|
|
|
Fullname:
Mr Michel Le Clef |
|
|
Type: Individual |
|
|
Gender: Male |
|
|
date of birth: 1948/03/26 |
|
|
Age: 66 |
|
|
Country of nationality: Belgium |
|
|
Address: Rue de Bettembourg 88, 5811,
Fentange, Luxembourg |
|
|
Function: Administrative Board (AG) |
|
|
Level of responsibility: Member |
|
|
|
|
|
Fullname:
Mr Jean Dominique Marie Sorel |
|
|
Type: Individual |
|
|
Gender: Male |
|
|
date of birth: 1949/01/25 |
|
|
Age: 66 |
|
|
Country of nationality: France |
|
|
Address: Ave Gaston Diderich 5, 1420, Luxembourg,
Luxembourg |
|
|
Function: Administrative Board (AG) |
|
|
Level of responsibility: Member |
|
|
|
|
|
Fullname:
Mr Serge Joseph Piere Weber |
|
|
Type: Individual |
|
|
Gender: Male |
|
|
date of birth: 1964/01/05 |
|
|
Age: 51 |
|
|
Country of nationality: Luxembourg |
|
|
Address: Rue de la Gare 9, 8705,
Useldange, Luxembourg |
|
|
Country: Luxembourg |
|
|
Function: Administrative Board (AG) |
|
|
Level of responsibility: Member |
|
|
|
|
|
|
|
Financial statement |
|
|
Last annual
account |
2013 |
|
|
|
|
Type of annual
account |
Corporate |
|
Currency |
EURO |
|
Auditor |
DELOITTE Audit Sarl |
|
Annual account |
Traxys Europe SA |
|
19-21, Rte d'arlon |
|
|
8009 Strassen |
|
|
Luxembourg |
|
Balance
|
|
|
|
|
PROFIT AND LOSS |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
EUR |
EUR |
EUR |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
2.234.299.554 |
2.652.757.762 |
2.362.319.911 |
|
Operating Costs |
2.179.397.347 |
2.720.237.991 |
2.342.754.386 |
|
Operating Profit |
14.967.435 |
1.271.629 |
38.011.424 |
|
Wages &
Salaries |
12.197.634 |
10.872.159 |
7.361.623 |
|
Pension Costs |
516.548 |
512.369 |
458.595 |
|
Depreciation |
1.403.251 |
2.568.045 |
353.285 |
|
Amortisation |
0 |
0 |
208.443 |
|
Financial Income |
6.248.463 |
5.382.103 |
2.495.699 |
|
Financial
Expenses |
8.484.277 |
8.771.053 |
13.770.360 |
|
Extraordinary
Costs |
81.995 |
4.154 |
6.940.554 |
|
Profit before
Tax |
12.649.626 |
-2.121.475 |
19.796.209 |
|
Tax |
490.72 |
462.182 |
549.996 |
|
Profit after Tax |
12.158.907 |
-2.583.657 |
19.246.213 |
|
Retained Profit |
0 |
0 |
19.246.213 |
|
|
|
|
|
Balance Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
EUR |
EUR |
EUR |
|
Consolidated
Accounts |
No |
No |
No |
|
Land &
Buildings |
0 |
0 |
0 |
|
Plant &
Machinery |
0 |
0 |
0 |
|
Other Tangible
Assets |
977.385 |
1.040.051 |
1.008.286 |
|
Total Tangible
Assets |
977.385 |
1.040.051 |
1.008.286 |
|
Goodwill |
162.707 |
215.477 |
0 |
|
Other Intangible
Assets |
4.196.695 |
4.382.178 |
4.951.462 |
|
Total Intangible
Assets |
4.359.402 |
4.597.655 |
4.951.462 |
|
Investments |
5.471.824 |
5.711.414 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
1.966 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
0 |
0 |
5.722.564 |
|
Total Other
Fixed Assets |
5.473.789 |
5.711.414 |
5.722.564 |
|
TOTAL FIXED
ASSETS |
10.810.576 |
11.349.120 |
11.682.313 |
|
Raw Materials |
0 |
0 |
0 |
|
Work In Progress |
0 |
0 |
0 |
|
Finished Goods |
194.206.811 |
245.899.809 |
187.199.365 |
|
Other
Inventories |
14.749.624 |
9.893.991 |
15.945.510 |
|
Total
Inventories |
208.956.436 |
255.793.799 |
203.144.876 |
|
Trade
Receivables |
127.693.080 |
155.104.056 |
165.138.461 |
|
Group
Receivables |
16.119.474 |
12.706.125 |
18.279.762 |
|
Receivables Due
After 1 Year |
0 |
0 |
0 |
|
Miscellaneous
Receivables |
1.190.687 |
669.442 |
3.592.473 |
|
Total
Receivables |
145.003.241 |
168.479.623 |
187.010.696 |
|
Cash |
5.207.640 |
4.545.038 |
2.730.822 |
|
Other Current
Assets |
14.815.895 |
9.964.613 |
16.367.015 |
|
TOTAL CURRENT
ASSETS |
373.983.212 |
438.783.073 |
409.253.409 |
|
TOTAL ASSETS |
384.793.788 |
450.132.193 |
420.935.722 |
|
Trade Payables |
72.275.082 |
84.579.335 |
99.128.969 |
|
Bank Liabilities |
63.231.821 |
77.842.518 |
27.484.864 |
|
Other Loans Or
Finance |
0 |
0 |
0 |
|
Group Payables |
118.287.132 |
116.341.445 |
146.366.389 |
|
Miscellaneous
Liabilities |
31.378.549 |
85.774.711 |
51.195.799 |
|
TOTAL CURRENT
LIABILITIES |
285.172.584 |
364.538.009 |
324.176.021 |
|
Trade Payables Due After 1 Year |
0 |
0 |
0 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|
Group Payables Due After 1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due After 1 Year |
6.714.012 |
4.845.901 |
13.427.761 |
|
TOTAL LONG TERM LIABILITIES |
6.714.012 |
4.845.901 |
13.427.761 |
|
TOTAL
LIABILITIES |
291.886.596 |
369.383.910 |
337.603.782 |
|
Called Up Share
Capital |
6.758.081 |
6.758.081 |
6.758.081 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
84.921.840 |
72.299.484 |
74.211.806 |
|
Other Reserves |
1.227.271 |
1.690.717 |
2.362.052 |
|
TOTAL
SHAREHOLDERS EQUITY |
92.907.192 |
80.748.282 |
83.331.939 |
|
|
|
|
|
|
Other Financials |
|||
|
Working Capital |
88.810.628 |
74.245.064 |
85.077.388 |
|
Net Worth |
88.547.790 |
76.150.627 |
104.383.200 |
|
|
|
|
|
Ratios |
|||
|
|
2013 |
2012 |
2011 |
|
Pre-Tax Profit
Margin |
0.57% |
-0.08% |
0.84% |
|
Return On
Capital Employed |
12.70% |
-2.48% |
20.46% |
|
Return On Total Assets Employed |
3.29% |
-0.47% |
4.70% |
|
Return On Net Assets Employed |
13.62% |
-2.63% |
23.76% |
|
Sales/Net
Working Capital |
25.16 |
35.73 |
27.77 |
|
Stock Turnover
Ratio |
9.35% |
9.64% |
8.60% |
|
Debtor Days |
20.86 |
21.34 |
25.52 |
|
Creditor Days |
11.81 |
11.64 |
15.32 |
|
Current Ratio |
1.31 |
1.2 |
1.26 |
|
Liquidity
Ratio/Acid Test |
0.58 |
0.5 |
0.64 |
|
Current Debt
Ratio |
3.07 |
4.51 |
3.89 |
|
Gearing |
75.29% |
102.40% |
49.10% |
|
Equity In
Percentage |
24.48% |
18.17% |
20.03% |
|
Total Debt Ratio |
3.14 |
4.57 |
4.05 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.73 |
|
|
1 |
Rs. 94.65 |
|
Euro |
1 |
Rs. 70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.