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Report No. : |
322040 |
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Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
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Name : |
ARCELORMITTAL INTERNATIONAL SA |
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Formerly Known As : |
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Registered Office : |
12C, Rue Guillaume Kroll 1882 |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
19.06.1920 |
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Legal Form : |
Limited
company |
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Line of Business : |
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No. of Employee : |
1 (2013) |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 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.
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Source
: CIA |
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Payment behaviour |
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Credit opinion |
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LEGAL FORM
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Limited
compan |
FOUNDATION
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19.06.1920 as Société Anonyme |
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Company age: 94 years |
TRADE REGISTER
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19.06.1920, RC 2080 Luxembourg, B 3.983 |
HISTORY
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additional information on the public limited
company
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SHAREHOLDERS AND
CAPITAL
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LOCATIONS
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CLASSIFICATION OF THE INDUSTRIAL SECTORS,
NACELUX 2
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NACELUX 2 |
Description |
Ranking |
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46.120 |
Agents involved in the sale of fuels, ores, metals and industrial
chemicals |
1 |
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70.100 |
Activities of head offices |
2 |
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64.9 |
Other financial service activities, except insurance and pension
funding |
3 |
STAFF AND ANNUAL
SALES
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Fiscal year |
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Staff |
2013 |
2012 |
2011 |
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Total |
1 |
1 |
1 |
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all work is done by |
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staff of the associated companies |
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Fiscal year |
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Kind of annual sales |
01.01.2012 -
31.12.2012 |
01.01.2011 -
31.12.2011 |
01.01.2010 -
31.12.2010 |
01.01.2009 -
31.12.2009 |
01.01.2008 -
31.12.2008 |
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Annual sales |
100.468.798 EUR |
169.132.815 EUR |
59.159.543 EUR |
61.483.007 EUR |
20.513.483 EUR |
BALANCE SHEET
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Type of account: |
Annual report |
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Addition to balance sheet
as at 31.12.2012 |
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PROFIT AND LOSS ACCOUNT
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Calculation type: |
Total expenditure format |
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BALANCE SHEET
RATIOS
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BANKERS
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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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Banque de
Luxembourg S.A. |
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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.63.58 |
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1 |
Rs.100.30 |
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Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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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 |
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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.