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MIRA INFORM REPORT
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Report No. : |
482720 |
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Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
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Name : |
TRAXYS EUROPE SA |
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Registered Office : |
19-21, Rte d'Arlon, 8009 Strassen |
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Country : |
Luxembourg |
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Financials (as on) : |
30.11.2016 |
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Date of Incorporation : |
09.07.1986 |
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Com. Reg. No.: |
Luxembourg B 24.562 |
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Legal Form : |
Public
Limited |
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Line of Business : |
Other
specialised wholesale |
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No. of Employees : |
100 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 and the lowest public debt level in the region.
Since 2002, the Luxembourg 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 most recently, space technology and financial services technologies. The economy has evolved and flourished, posting a strong GDP growth rate – projected at 4.5% in 2017-2018, far outpacing the European average of 1.8%.
Luxembourg remains a financial powerhouse – the financial sector accounts for more than 35% of GDP - due to 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.
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Source
: CIA |
Summary
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Company name |
Traxys Europe SA |
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Risk |
Low |
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Status |
Active |
Contact
information
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Company name |
Traxys Europe SA |
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Trading name |
Traxys Europe
|
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Registered address |
19-21, Rte d'Arlon 8009 Strassen |
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Correspondence address |
19-21, Rte d'Arlon 8009 Strassen |
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Telephone number |
+352 459999-1 |
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Fax number |
+352 459999-222 |
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Email address |
info@traxys.com |
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Website |
www.traxys.com |
Registration
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Registration number |
Luxembourg B 24.562 |
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VAT-number |
1986/2201/224 |
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Status |
Active |
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Establishment date |
09-07-1986 |
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Legal form |
Public Limited |
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Subscribed share capital |
USD 9.000.075 |
Activities
|
Nace 46.7 Other specialised wholesale |
Relations
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Shareholders |
Traxys Sàrl |
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Structure |
Subsidiaries/participations: Traxys UK Ltd,
GB-London Traxys Projects LP,
Cayman Islands Traxys Resources
Ltd, Cayman Islansd Traxys Brasil
Agenciamento Ltda, Brazil |
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Branches |
No branches on
record |
Management
|
Name |
Mark
Kristoff, born 10.11.1961 New Canaan, CT, United States
of America |
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Postition |
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Startdate |
Unknown |
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Name |
Serge Joseph Pierre Weber, born
05.01.1964 8705
Useldange, 9, Rue de la Gare |
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Postition |
Director |
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Startdate |
12-09-2003 |
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Name |
Jean-Dominique
Sorel, born 25.01.1949 1420
Luxembourg, 5, Ave Gaston Diderich |
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Director |
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Startdate |
31-03-2005 |
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Name |
Alan
Docter, born 24.11.1943 Palm Beach, FL, United States
of America |
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Postition |
Director |
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Startdate |
21-03-2006 |
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Name |
Vincent
Gabriel, born 16.06.1975 8009
Strassen, 19-21, Rte d'Arlon |
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Postition |
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Startdate |
21-06-2017 |
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Name |
Alistair Mules, born 18.07.1969 8009 Strassen, 19-21, Rte
d'Arlon |
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Postition |
Director |
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Startdate |
21-06-2017
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Employees
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Year |
2016 |
2015 |
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|
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100 |
101 |
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|
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Bank
|
BIL Banque Internationale à
Luxembourg S.A. 1470 Luxembourg BGL BNP Paribas 1855 LUXEMBOURG |
Payments
|
No complaints on
record. |
Remarks
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Auditor:
Deloitte |
Finances
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Balance sheet category |
small balance sheet |
small balance sheet |
|
Legal system |
HGB |
HGB |
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Reporting period |
01.12.2015 - 30.11.2016 |
01.12.2014 - 30.11.2015 |
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Assets |
in EUR |
in EUR |
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Balance sheet total |
613.996.252,84 |
648.239.486,07 |
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Concessions
and industrial rights |
4.673.890,80 |
4.924.757,20 |
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Goodwill |
5.527,22 |
69.661,31 |
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Down
payment made |
915.000,00 |
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Factory
and office equipment |
788.027,17 |
856.309,53 |
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Shares
in affiliated companies |
206.964,62 |
200.649,11 |
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Participations |
0,00 |
91.500,00 |
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Securities
of fixed assets |
3.420.471,42 |
2.844.665,97 |
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Raw
materials and supplies |
264.234.669,14 |
225.242.847,04 |
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Down
payments made |
45.551.390,50 |
85.466.756,48 |
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Accounts
receivable |
177.208.798,18 |
92.196.216,45 |
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Receivables
from affiliates |
74.933.987,61 |
86.447.844,40 |
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Other
receivables |
10.609.932,57 |
20.166.628,43 |
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Cheque, cash in hand and in
banks |
8.747.846,98 |
7.206.275,56 |
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Deferred
items - assets - |
23.614.746,63 |
121.610.374,59 |
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Liabilities |
in EUR |
in EUR |
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Balance sheet total |
613.996.252,84 |
648.239.486,07 |
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Subscribed capital, credit
balance, capital accounts |
8.494.270,79 |
8.235.068,62 |
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Legal
reserves |
849.427,55 |
823.507,32 |
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Other
profit reserves |
147.232,80 |
142.740,00 |
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Profit
carried forward |
84.721.341,89 |
116.630.808,29 |
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Net
profit |
5.861.223,34 |
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Net
loss |
-34.494.733,95 |
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Other
provisions |
4.772.977,94 |
3.492.118,09 |
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Liabilities
towards credit institutes |
106.965.727,64 |
155.671.484,60 |
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Down
payment received |
393.905,13 |
1.779.435,80 |
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Accounts
payable |
79.620.086,54 |
66.832.869,87 |
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Liabilities
towards affiliates |
275.245.780,01 |
280.925.013,80 |
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Miscellaneous
items |
416.675,52 |
482.413,74 |
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Tax-VAT-liabilities |
947.489,23 |
3.411.018,62 |
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Taxes and social security
contributions |
255.341,02 |
323.698,98 |
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Deferred
items - liabilities - |
45.304.773,44 |
43.984.042,29 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.48 |
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|
1 |
INR 86.41 |
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Euro |
1 |
INR 76.54 |
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Euro |
1 |
INR 76.28 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIY |
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Report Prepared
by : |
KET |
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
·
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.