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MIRA INFORM REPORT
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Report No. : |
503685 |
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Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
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Name : |
JOHN
ZINK INTERNATIONAL LUXEMBOURG SÀRL |
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Registered Office : |
Zone Industrielle Riedgen, 3451 Dudelange |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
24.07.2008 |
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Com. Reg. No.: |
Luxembourg B 17.652 |
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Legal Form : |
SARL |
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Line of Business : |
·
Manufacture of ovens,
furnaces and furnace burners
·
Wholesale of other
machinery and equipment · Activities of head offices |
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No. of Employees : |
300 [2017] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
LUXEMBOURG - ECONOMIC OVERVIEW
This small, stable, high-income economy has historically featured solid
growth, low inflation, and low unemployment. Luxembourg, the only Grand Duchy in
the world, is a landlocked country in northwestern Europe surrounded by
Belgium, France, and Germany. Despite its small landmass and small population,
Luxembourg is the second-wealthiest country in the world when measured on a
gross domestic product (PPP) per capita basis. 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, with a 2017 surplus of 0.5% of GDP, and
the lowest public debt level in the region.
Since 2002, Luxembourg’s government has proactively implemented policies
and programs to support economic diversification and to attract foreign direct
investment. The government focused on key innovative industries that showed
promise for supporting economic growth: logistics, information and
communications technology (ICT); health technologies, including biotechnology
and biomedical research; clean energy technologies, and more recently, space
technology and financial services technologies. The economy has evolved and
flourished, posting strong GDP growth of 3.4% in 2017, far outpacing the
European average of 1.8%.
Luxembourg remains a financial powerhouse – the financial sector
accounts for more than 35% of GDP - because of the exponential growth of the investment
fund sector through the launch and development of cross-border funds (UCITS) in
the 1990s. Luxembourg is the world’s second-largest investment fund asset
domicile, after the US, with $4 trillion of assets in custody in financial
institutions.
Luxembourg has lost some of its advantage as a favorable tax location
because of OECD and EU pressure, as well as the “LuxLeaks” scandal, which
revealed advantageous tax treatments offered to foreign corporations. In 2015,
the government’s compliance with EU requirements to implement automatic
exchange of tax information on savings accounts - thus ending banking secrecy -
has constricted banking activity. Likewise, changes to the way EU members
collect taxes from e-commerce has cut Luxembourg’s sales tax revenues,
requiring the government to raise additional levies and to reduce some direct
social benefits as part of the tax reform package of 2017. The tax reform
package also included reductions in the corporate tax rate and increases in
deductions for families, both intended to increase purchasing power and
increase competitiveness.
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Source
: CIA |
Summary
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Company name |
JOHN
ZINK INTERNATIONAL LUXEMBOURG SÀRL |
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Status |
Active |
Contact information
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Company name |
JOHN ZINK
INTERNATIONAL LUXEMBOURG SÀRL |
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Trading name |
JOHN ZINK |
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Registered
address |
3451 Dudelange |
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Correspondence address |
Zone Industrielle Riedgen 3451 Dudelange |
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Telephone number |
+352 518991 |
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Fax number |
+352 518611 |
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Email address |
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Website |
Registration
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Registration number |
Luxembourg B 17.652 |
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Fiscal number |
1997/2413/960 |
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VAT-number |
LU 173.430.58 |
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Status |
Active |
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Establishment date |
24-07-2008 |
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Legal form |
SARL |
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Subscribed share capital |
EUR 2.500.000 |
Activities
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28.210 Manufacture of ovens, furnaces and furnace
burners 46.690 Wholesale of other machinery and equipment 70.100 Activities of head offices |
Relations
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Shareholders |
Koch CTG Sàrl, Luxembourg |
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Structure |
Subsidiaries/participations: None on record |
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Branches |
No branches on record |
Management
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Eduardo Emilio Couceiro, born 08.01.1968 3401 Dudelange, Zone Industrielle Riedgen |
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Postition |
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Name |
Anthony Saia,
born 05.01.1959 Poole, Dorset,
Great Britain |
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Postition |
Director |
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Name |
Casey Chambers,
born 21.05.1971 Tulsa, OK, United States of America |
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Director |
Employees
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Year |
2017 |
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300 |
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Bank
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BGL BNP Paribas J.P. Morgan Bank
Luxembourg S.A. |
Payments
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No complaints on record. |
Remarks
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Auditor: Unknown |
Finances
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BALANCE SHEET CATEGORY |
MEDIUM-SIZED B.SHEET |
MEDIUM-SIZED B.SHEET |
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Legal system |
HGB |
HGB |
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Reporting period |
01.01.2016 - 31.12.2016 |
01.01.2015 - 31.12.2015 |
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Assets |
in EUR |
in EUR |
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Balance sheet total |
83.605.977,00 |
72.821.598,00 |
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Concessions and industrial rights |
81.783,00 |
72.105,00 |
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Land and buildings |
3.543.021,00 |
3.818.606,00 |
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Technical equipment and machines |
3.346.550,00 |
3.468.407,00 |
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Factory and office equipment |
579.812,00 |
681.709,00 |
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Down payments made, plant
under construction |
1.076.848,00 |
630.710,00 |
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Securities of fixed assets |
6.138,00 |
142,00 |
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Raw materials and supplies |
3.417.721,00 |
3.220.231,00 |
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Unfinished goods and work
in progress |
48.629.519,00 |
28.598.690,00 |
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Accounts receivable |
15.102.999,00 |
17.842.939,00 |
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Receivables from affiliates |
475.749,00 |
842.050,00 |
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Other assets |
464.716,00 |
823.313,00 |
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Cheque, cash in hand and
in banks |
6.760.160,00 |
12.655.589,00 |
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Deferred items - assets - |
120.961,00 |
167.107,00 |
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Liabilities |
in EUR |
in EUR |
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Balance sheet total |
83.605.977,00 |
72.821.598,00 |
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Shareholders' funds |
15.334.015,00 |
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Subscribed capital,
credit balance, capital accounts |
2.500.000,00 |
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Legal reserves |
250.000,00 |
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Other reserves |
108.677,00 |
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Profit carried forward |
3.401.582,00 |
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Net profit |
6.521.249,00 |
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Other provisions |
395.981,00 |
228.910,00 |
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Liabilities towards credit institutes |
479.039,00 |
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Down payment received |
47.296.151,00 |
31.795.002,00 |
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Accounts payable |
6.827.110,00 |
7.816.238,00 |
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Liabilities towards affiliates |
13.817.125,00 |
8.271.170,00 |
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Miscellaneous items |
2.273.691,00 |
8.897.224,00 |
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Deferred items - liabilities - |
214.411,00 |
PROFIT & LOSS
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RATIOS
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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 |
INR 66.02 |
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1 |
INR 92.72 |
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Euro |
1 |
INR 81.45 |
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Euro [LUF] |
1 |
INR 81.52 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.