MIRA INFORM REPORT
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Report No. : |
325167 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
LS ALLOYS
TRADING SARL |
|
|
|
|
Registered Office : |
11, Rue De l'industrie, 8399 Windhof |
|
|
|
|
Country : |
Luxembourg |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
26.06.2012 |
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|
|
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Com. Reg. No.: |
B 162.263 (Luxembourg) |
|
|
|
|
Legal Form : |
Private limited liability
company - SARL |
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|
|
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Line of Business : |
Agents involved in the sale
of fuels |
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|
|
|
No. of Employee : |
1 |
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 |
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 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 are permitted to collect taxes from e-Commerce has cut Luxembourg’s tax revenues, requiring the government to raise additional levies and to reduce some social benefits.
|
Source
: CIA |
Summary
|
Company name |
LS ALLOYS
TRADING SARL |
|
Operative address |
11, Rue De l'industrie |
|
Risk |
Reduced risk |
|
Status |
Active |
|
Specification |
This company can meet all
its obligations. |
|
Legal form |
Private limited liability
company - SARL |
|
Registration number |
Trade register number: B
162.263 (Luxembourg) |
|
Year |
2013 |
Mutation |
2012 |
Mutation |
|
|
Fixed assets |
114.450 |
43,36 |
79.832 |
||
|
Total receivables |
8.540.894 |
-8,39 |
9.323.366 |
||
|
Total equity |
8.793.424 |
6,44 |
8.261.714 |
||
|
Short term liabilities |
16.878.226 |
10,51 |
15.273.463 |
||
|
Working capital |
8.822.082 |
6,94 |
8.249.256 |
||
|
Quick ratio |
0,81 |
-12,90 |
0,93 |
||
Contact
information
|
Company name |
LS ALLOYS TRADING SARL |
|
Operative address |
11, Rue De l'industrie |
|
Correspondence address |
11, Rue De l'industrie |
|
Telephone number |
+352 2630841 |
|
Fax number |
+352 26308455 |
Registration
|
Registration number |
Trade register number: B
162.263 (Luxembourg) |
|
Status |
Active |
|
Establishment date |
2012-06-29 |
|
Legal form |
Private limited liability
company - SARL |
|
Subscribed share capital |
EUR 7.082.570 |
Activities
|
NACE |
Agents involved in the sale
of fuels (4612) |
Relations
|
Shareholders |
SHAREHOLDERS |
|
|
|
Management
|
Management |
Fullname: Mr Stephane Blaise |
Employees
|
Year |
2014 |
||||
|
Total |
1 |
Financial
analysis
|
Trend |
Declining |
|
Profitability |
Sufficient |
|
Solvability |
Sufficient |
|
Liquidity |
Positive |
|
Show amount in |
Euro |
Key
figures
|
Year |
2013 |
2012 |
|||
|
Quick ratio |
0,81 |
0,93 |
|||
|
Current ratio |
1,52 |
1,54 |
|||
|
Working capital/ balance total |
0,34 |
0,35 |
|||
|
Equity / balance total |
0,34 |
0,35 |
|||
|
Equity / Fixed assets |
76,83 |
103,49 |
|||
|
Working capital |
8.822.082 |
8.249.256 |
|||
|
Equity |
8.793.424 |
8.261.714 |
|||
|
Mutation equity |
6,44 |
||||
|
Mutation short term liabilities |
10,51 |
||||
Summary
The 2013 financial result structure is a postive working captial of
8.822.082 euro, which is in agreement with 34 % of the total assets of the
company.
The working capital has increase with 6.94 % compared to previous year. The
ratio with respect to the total assets of the company has however, declined.
The improvement between 2012 and 2013 has mainly been caused by a current
liabilities reduction.
The current ratio of the company in 2013 was 1.52. A company with a current
ratio between 1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2013 of the company was 0.81. A company with a Quick Ratio
of less than 1 cannot currently pay back its current liabilities.
The 2012 financial result structure is a postive working captial of 8.249.256
euro, which is in agreement with 35 % of the total assets of the company.
The current ratio of the company in 2012 was 1.54. A company with a current
ratio between 1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2012 of the company was 0.93. A company with a Quick Ratio
of less than 1 cannot currently pay back its current liabilities.
Financial
statement
|
Last annual account |
2013 |
|
Remark annual account |
The company is obliged to
file its financial statements. |
|
Type of annual account |
Corporate |
|
Annual account |
LS ALLOYS TRADING SARL |
Balance
|
Year |
2013 |
2012 |
|||
|
End date |
2013-12-31 |
2012-12-31 |
|||
|
Tangible fixed assets |
29.450 |
4.832 |
|||
|
Other fixed assets |
85.000 |
75.000 |
|||
|
Fixed assets |
114.450 |
79.832 |
|||
|
Total stock |
12.062.467 |
9.281.908 |
|||
|
Total receivables |
8.540.894 |
9.323.366 |
|||
|
Liquid funds |
4.938.366 |
4.490.106 |
|||
|
Other current assets |
158.581 |
427.339 |
|||
|
Current assets |
25.700.308 |
23.522.719 |
|||
|
Total assets |
25.814.759 |
23.602.551 |
|||
|
Total equity |
8.793.424 |
8.261.714 |
|||
|
Long term liabilities |
143.109 |
67.375 |
|||
|
Accounts payable |
2.309.709 |
2.982.437 |
|||
|
Liabilities towards credit institutes |
14.456.775 |
12.285.366 |
|||
|
Other short term liabilities |
111.742 |
5.660 |
|||
|
Short term liabilities |
16.878.226 |
15.273.463 |
|||
|
Total liabilities |
25.814.759 |
23.602.551 |
|||
Summary
The total assets of the
company increased with 9.37 % between 2012 and 2013.
The total asset increase is retrievable in the fixed asset growth of 43.36 %.
In 2013 the assets of the company were 0.44 % composed of fixed assets and
99.56 % by current assets. The assets are being financed by an equity of 34.06
%, and total debt of 65.94 %.
In 2012 the assets of the company were 0.34 % composed of fixed assets and 99.66
% by current assets. The assets are being financed by an equity of 35 %, and
total debt of 65 %.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
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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 |
|
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.