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MIRA INFORM REPORT
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Report No. : |
495949 |
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Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
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Name : |
G.SCHNEIDER SA |
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Registered Office : |
12, Rue
Guillaume Schneider 2522 |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
25.06.1999 |
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Legal Form : |
Anonimous
society |
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Line of Business : |
Holding.
Production and sale of textiles. |
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No. of Employees : |
19 |
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 |
Company
identification
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Structural
data
Legal
form
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Société Anonyme |
Foundation
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25.06.1999 as Société Anonyme |
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Company age: 18 years |
Trade
register
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25.06.1999, BG 2080 Luxembourg, B 70.506 |
History
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Additional information on the public limited company
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Shareholders
and Capital
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Name / Address / Status |
Participating since |
Share |
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Shareholders |
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Societe Europénne
pour le Financement d'Initiatives Textiles SA 2522 Luxembourg, 6, Rue Guillaume Schneider - at foundation - possible changes
regarding the participants have so far not been published |
25.06.1999 |
0,02 % |
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Marco Schneider, born 09.09.1949 Vaglio Biellese, Italy - at foundation - possible changes
regarding the participants have so far not been published |
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share capital |
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7.000.000 EUR |
Management and power
of representation
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Name / Address / Status |
Participating since |
Power of representation |
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Board of Administration |
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President Bruno Claude Paul
Beernaerts, born 04.11.1963, Jurist (U.C.L.) 8824 Perlé, 28, Rue du Cimetière |
25.06.1999 |
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Patrick Moinet, born 06.06.1975, Rechtswissenschaftler 2273 Luxembourg, 18, Rue de l'Ouest |
01.03.2007 |
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Gilles Depienne, born 02.01.1977 2522 Luxembourg, 6, Rue Guillaume Schneider |
18.09.2017 |
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Marco Frangi 6977 Ruvigliana, Switzerland |
01.10.2000 resigned on 01.04.2017 |
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Giovanni Schneider Mailand, Italy |
01.04.2017 resigned on 18.09.2017 |
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Commissioner |
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22.01.2001 |
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PricewaterhouseCoopers
SC Luxembourg, Ban de Gasperich |
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Business
activity
Registered business objective
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Holding. Production
and sale of textiles. |
Classification of the industrial sectors, NACELUX 2
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NACELUX 2 |
Description |
Ranking |
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46.410 |
Wholesale of
textiles |
1 |
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70.100 |
Activities of head offices |
2 |
Business
figures
Staff and
Annual Sales
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Fiscal year |
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Staff |
2017 |
2016 |
2015 |
2014 |
2013 |
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Employees |
abt. 19 |
abt. 19 |
abt. 19 |
abt. 20 |
abt. 20 |
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Total |
abt. 19 |
abt. 19 |
abt. 19 |
abt. 20 |
abt. 20 |
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Fiscal year |
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Kind of annual sales |
01.01.2016 - 31.12.2016 |
01.01.2015 - 31.12.2015 |
01.01.2014 - 31.12.2014 |
01.01.2013 - 31.12.2013 |
01.01.2012 - 31.12.2012 |
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Annual sales |
56.145.000 EUR |
72.621.000 EUR |
86.555.000 EUR |
90.159.000 EUR |
98.980.000 EUR |
Import / Export
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Import |
Export |
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Rate |
35 % |
5 % |
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Countries |
unknown |
unknown |
Company
balance sheet
Balance
sheet
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Type of account: |
Annual report |
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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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Additional
information
Remarks
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Participations: |
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- G.Schneider SA,
CH-Chiasso |
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- Zhang Jia Gang FTZ Schneider International, Zhangjiagang,
China |
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- Schneider New
Zealand Limited, Christchurch, Neuseeland |
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- Schneider
Australia Pty, AUS-Sydney |
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- Dugery Pty
Limited, AUS-Sydney |
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Related companies: |
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- S.E.F.I.T.Industries SA, 2522 Luxembourg |
Payment information and assessment of business
connections
Payment behaviour and Credit Opinion
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Negative
facts
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There are no public
negative facts. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.96 |
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1 |
INR 90.23 |
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Euro |
1 |
INR 80.09 |
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Euro |
1 |
INR 80.29 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
TRU |
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:
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Financial condition covering various ratios
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Company background and operations size
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Promoters / Management background
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Payment record
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Litigation against the subject
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Industry scenario / competitor analysis
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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.