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Report
No. : |
331955 |
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Report
Date : |
17.07.2015 |
IDENTIFICATION DETAILS
|
Name
: |
ARCELORMITTAL
INTERNATIONAL LUXEMBOURG SA |
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|
|
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Registered
Office : |
12C,
Rue Guillaume Kroll, 1882 |
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|
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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 : |
Société
Anonyme |
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|
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Line
of Business : |
Subject
is engaged in production and sale of steel. holding |
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|
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|
No.
of Employees : |
38 |
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 |
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|
|
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Payment
Behaviour : |
No
Complaints |
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|
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Litigation
: |
Clear
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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
|
Country
Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 government’s 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 Luxembourg’s 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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ARCELORMITTAL
INTERNATIONAL LUXEMBOURG SA |
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12C,
Rue Guillaume Kroll |
|
1882
Luxembourg |
|
Luxembourg |
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Phone |
+352
47921 |
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Fax |
+352
47922029 |
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E-Mail |
info@arcelormittal.com |
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Internet |
www.arcelormittal.com |
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|
Legal
form
|
Société
Anonyme |
|
18.04.1962
as Société Anonyme |
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Company
age: 53 years |
|
18.04.1962,
RC 2080 Luxembourg, B 6.304 |
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Date |
Reason |
Change |
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18.04.1962 |
First
entry |
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01.12.2014 |
Change of registered business
address |
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Shareholders
and Capital
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Management
and power of representation
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Registered
business objective
|
Production and sale of steel. Holding. |
Classification of the industrial sectors, NACELUX 2
|
NACELUX 2 |
Description |
Ranking |
|
46.7 |
Other
specialised wholesale |
1 |
|
46.120 |
Agents involved in the sale of fuels, ores, metals
and industrial chemicals |
2 |
Staff and
Annual Sales
|
Fiscal year |
|||||
|
Staff |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Total |
38 |
38 |
37 |
37 |
48 |
|
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 |
1.793.892.448
EUR |
2.160.351.416
EUR |
2.259.027.290
EUR |
1.805.330.116
EUR |
1.151.342.483
EUR |
Import /
Export
|
Import |
Export |
|
|
Rate |
50 % |
80 % |
|
Countries |
unknown |
unknown |
Balance sheet
|
Type of
account: |
Annual
report |
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Addition to balance sheet as at 31.12.2013 |
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Remarks
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Participations: |
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- AMI
Algeria EURL |
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- AMI
Salvador SA |
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- AMI
Africa |
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- AMI SA
PTY Ltd |
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- AMI
Brazil Ltda |
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- AMI
Venezuela C.A. |
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- AMI
Lapandry Acier Sarl |
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- AMI
Ecuador SA |
|
- AMI
Ticaret SA |
|
- AMI
Antwerp N.V. |
|
- AMI
Ukraine |
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Name of the bank |
Sort code |
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BIL Banque Internationale à Luxembourg S.A. |
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BGL BNP
Paribas |
|
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Banque et
Caisse d'Epargne de l'Etat, Luxembourg |
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KBL European
Private Bankers S.A. |
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Payment
behaviour and Credit Opinion
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.63.50 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.69.39 |
INFORMATION DETAILS
|
Analysis Done by : |
DIV |
|
|
|
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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 |
|
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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 |
|
|
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 |
-- |
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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.