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MIRA
INFORM REPORT
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Report No. : |
512260 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
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Name : |
NIZI INTERNATIONAL SA |
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Registered Office : |
89E,
Rue Pafebruch, 8303 Cap |
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Country : |
Luxembourg |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
27.04.1999 |
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Com. Reg. No.: |
Luxembourg B 69.587 |
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Legal Form : |
Public Limited |
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Line of Business : |
· Wholesale of metals and metal ores · Agents involved in the sale of fuels, ores, metals and industrial chemicals · Other specialised wholesale |
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No. of Employees : |
50 [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 |
NIZI INTERNATIONAL SA |
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Status |
Active |
Contact
information
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Company name |
NIZI
INTERNATIONAL SA |
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Registered address |
89E, Rue Pafebruch 8303
Cap |
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Correspondence address |
89E,
Rue Pafebruch 8303 Cap |
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Telephone number |
+352 4422211 |
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Fax number |
+352 445268 |
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Email address |
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Website |
www.nizi.com |
Registration
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Registration number |
Luxembourg B 69.587 |
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Fiscal number |
1999/2209/286 |
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VAT-number |
LU 179.247.01 |
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Status |
Active |
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Establishment date |
27-04-1999 |
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Legal form |
Public Limited |
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Subscribed share capital |
EUR 46.500.000 |
Activities
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46.720 Wholesale of metals and metal ores 46.120 Agents involved in the sale of fuels, ores,
metals and industrial chemicals
46.7 Other specialised wholesale |
Relations
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Shareholders |
Nizi Luxembourg SA 89E Rue Pafebrouch 8308 Cap |
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Structure |
Subsidiaries/participations: - NMZ Holdings, Inc.,
USA- Delaware (100%) - Keywest Belgium SA, B - Nizi International SP
SL, E-Madrid - Nizi Metallurgical Trade
(Beijing) CO., CN-Beijing - Nizi comercial Brasil
LTDA, BR-Bela Vista |
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Branches |
No branches on record |
Management
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Name |
Dag Teigland, born 16.06.1966 Stabekk, Norway |
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Postition |
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Startdate |
06-01-2010 |
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Name |
Kjetil Holta, born 25.04.1965 Oslo, Norway |
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Postition |
Director |
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Startdate |
01-10-2010 |
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Name |
Olivier Le Bihan, born 22.03.1963 Troinex, Switzerland |
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Director |
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Startdate |
16-12-2010 |
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Name |
Arnfinn Holas, born 11.09.1943 Oslo, Norway |
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Postition |
Director |
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Startdate |
27-02-2014 |
Employees
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Year |
2017 |
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50 |
Bank
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ABN AMRO Bank N.V. BGL BNP Paribas BIL Banque Internationale
à Luxembourg S.A. |
Payments
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No Complaints |
Remarks
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Auditor: Deloitte Audit Sàrl |
Finances
Balance Sheet
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Profit & Loss
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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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in EUR |
in EUR |
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Sales revenues |
492.879.204,86 |
773.461.874,49 |
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Change in stock (+/-) |
0,00 |
0,00 |
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Own work capitalized |
0,00 |
0,00 |
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Other operating income |
277.763,70 |
1.778.411,50 |
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Cost of materials |
488.937.807,25 |
776.786.522,85 |
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Gross result |
4.219.161,31 |
-1.546.236,86 |
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Staff costs |
5.294.951,66 |
6.264.308,12 |
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Depreciations |
660.692,49 |
2.003.953,29 |
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Other operating expenses |
345.638,78 |
1.772.959,23 |
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Operating result |
-2.082.121,62 |
-11.587.457,50 |
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Income from participations |
247.500,00 |
0,00 |
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Interests and similar income |
1.381.055,93 |
1.548.422,31 |
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Interests and similar expenses |
5.447.064,81 |
6.861.852,23 |
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Interest income |
-4.066.008,88 |
-5.313.429,92 |
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Result on ordinary activities |
-5.900.630,50 |
-16.900.887,42 |
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Extraordinary result |
0,00 |
0,00 |
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Taxes on income |
0,00 |
0,00 |
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Other taxes |
114.625,00 |
197.169,00 |
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Other balance sheet items
that change the annual result |
0,00 |
0,00 |
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Net profit / net loss |
-6.015.255,50 |
-17.098.056,42 |
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Changes following annual result |
0,00 |
0,00 |
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Balance sheet profit /
balance sheet loss |
-6.015.255,50 |
-17.098.056,42 |
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 68.26 |
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1 |
INR 91.22 |
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Euro |
1 |
INR 79.88 |
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LUF [Euro] |
1 |
INR 78.43 |
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 : |
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.