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Report No. : |
303577 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MHT LUXEMBURG SA |
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Registered Office : |
59, Rte De Wasserbillig, 6686 Mertert |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
07.09.2000 |
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Legal Form : |
Société Anonyme |
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Line of Business : |
Manufacture of Machinery
for Working Rubber or Plastics. |
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No. of Employees : |
About 14 |
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Luxembourg |
A1 |
A1 |
|
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, 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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59, Rte de Wasserbillig |
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6686 Mertert |
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Luxembourg |
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Phone |
+352 267461-1 |
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Fax |
+352 267455-35 |
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E-Mail |
info@mht-ag.de |
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Internet |
www.mht-ag.de |
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Trade name |
Mold & Hotrunner Technology |
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Company status |
active |
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Trade Register |
Luxembourg B 77.726 |
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Fiscal number |
2000/2225/175 |
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VAT N° |
LU 184.856.03 |
Structural data
Legal form
|
Société Anonyme |
Foundation
|
07.09.2000 as Société Anonyme |
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Company age: 14 years |
Trade register
|
07.09.2000, RC 2080 Luxembourg, B 77.726 |
History
|
Date |
Reason |
Change |
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07.09.2000 |
First entry |
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|
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27.05.2003 |
Change of registered
business address |
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Additional information on the public limited company
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Share Capital |
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Legal reserves |
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Free reserves |
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Listing on the stock
exchange |
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Shareholders and
Capital
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Name / Address / Status |
Participating since |
Share |
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|
Shareholder |
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MHT Mold & Hotrunner
Technology AG 65239 Hochheim, Dr.-Ruben-Rausing-Str. 7, Germany - at foundation – possible changes regarding
the participants have so far not been published |
|
07.09.2000 |
99,00 % |
|
share capital |
|
|
100.000 EUR |
Management and
power of representation
|
Name / Address / Status |
Participating since |
Power of representation |
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Board of Administration |
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Gerhard Weinandy, born 30.08.1961 54441 Kirf, Perler Str. 24, Germany |
27.11.2006 |
sole power of representation |
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Werner Plass, born 06.08.1950 65760 Eschborn, Unterortstr. 58, Germany |
07.09.2000 |
joint power of representation |
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Christoph Kückels, born 11.12.1957 55127 Mainz, König-Konrad-Str. 28, Germany |
01.08.2011 |
joint power of representation |
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Commissioner |
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Lux-Audit SA |
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1510 Luxembourg, 57, Ave de la Faïencerie |
28.05.2003 |
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Business activity
Registered business objective
|
28.960 |
Manufacture of machinery
for working rubber or plastics |
Classification of the industrial sectors, NACELUX 2
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NACELUX 2 |
Description |
Ranking |
|
25.730 |
Manufacture of tools |
Business figures
Staff and Annual
Sales
|
Fiscal year |
|||||
|
Staff |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Employees |
abt. 14 |
abt. 14 |
abt. 14 |
abt. 14 |
abt. 14 |
|
Total |
abt. 14 |
abt. 14 |
abt. 14 |
abt. 14 |
abt. 14 |
|
Fiscal year |
|||||
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Kind of annual sales |
01.01.2014 - 31.12.2014 |
01.01.2013 - 31.12.2013 |
01.01.2012 - 31.12.2012 |
01.01.2011 - 31.12.2011 |
01.01.2009 - 31.12.2009 |
|
Annual sales |
1.550.000 EUR |
1.500.000 EUR |
1.520.000 EUR |
1.600.000 EUR |
2.606.281 EUR |
|
estimated |
Import / Export
|
Import |
Export |
|
|
Rate |
55 % |
5 % |
|
Countries |
unknown |
unknown |
Real Estate
|
Business premises of abt.
290 sq.m. are rented per month. |
Balance sheet
|
Type of account: |
Annual report |
|
Balance sheet category |
small balance sheet |
small balance 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 |
408.680,54 |
317.471,31 |
|
Intangible assets |
10,01 |
10,01 |
|
Tangible assets |
13.278,55 |
8.148,25 |
|
Financial assets |
10.836,00 |
10.836,00 |
|
Receivables and other assets |
373.025,96 |
279.001,94 |
|
Cheque, cash in hand and
in banks |
11.530,02 |
19.475,11 |
|
Liabilities |
in EUR |
in EUR |
|
Balance sheet total |
408.680,54 |
317.471,31 |
|
Subscribed capital,
credit balance, capital accounts |
100.000,00 |
100.000,00 |
|
Profit reserves |
40.150,00 |
41.375,00 |
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Profit carried forward |
90.142,10 |
66.205,76 |
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Net profit |
13.074,76 |
22.711,34 |
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Provisions |
113.517,43 |
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Tax provisions |
620,00 |
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Other provisions |
55.897,39 |
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Liabilities |
51.796,25 |
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Accounts payable |
5.755,72 |
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Miscellaneous items |
24.906,10 |
Balance sheet
ratios
|
Reporting period |
01.01.2013 - 31.12.2013 |
01.01.2012 - 31.12.2012 |
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Financial position |
||
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Equity ratio (%) |
59,55 |
72,54 |
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Debt equity ratio |
0,68 |
0,38 |
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Net asset position |
||
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Liquid assets ratio (%) |
2,82 |
6,13 |
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Asset tangibility (%) |
5,90 |
5,98 |
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Liquidity position |
||
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Success rate (%) |
25,26 |
28,01 |
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Cash ratio, extended (%) |
6,97 |
22,34 |
REMARKS
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Sonstiges: |
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Assoziierte Gesellschaften: |
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- MHT Hotrunner GmbH, Dr.
Ruben-Rausing-Str. 7, D-65239 Hochheim am Main |
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- MHT Holding AG, Dr.
Ruben-Rausing-Str. 7, D-65239 Hochheim am Main |
BANKERS
|
Name of the bank |
Sort code |
|
BGL BNP Paribas |
|
|
HypoVereinsbank UniCredit Bank AG |
50320191 |
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Baden-Württembergische Bank |
60050101 |
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Commerzbank AG |
51040038 |
PAYMENT INFORMATION AND ASSESSMENT OF BUSINESS CONNECTIONS
Payment behaviour
and Credit Opinion
|
Payment behaviour |
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|
Credit opinion |
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ECONOMICAL
DEVELOPMENT
|
Company Development |
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Order situation |
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There are no negative
facts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.