MIRA
INFORM REPORT
|
Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
Versele-Laga NV |
|
|
|
|
Registered Office : |
Kapellestraat 70, 9800
Deinze |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
15/11/1908 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacture of all kinds of (kettle) food. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Average 5 days beyond terms |
|
|
|
|
Litigation : |
Clear |
name & address
Versele-Laga NV
Kapellestraat 70
9800 DEINZE
Tel.:+32
(0)9-3813200
Fax.:+32
(0)11-263582
Legal status
NV Public limited company [nat. law]
Founded
15/11/1908, P.l.c. since 15/11/1983
Trade register
56136371
Capital
nominal EUR 23.549.885,--
issued and paid up EUR 23.549.885,--
Management
Heluca NV,
Kapellestraat 70, 9800 DEINZE
VERSELE Luc
VERSELE Carly
VERBEKE Luc
VAN DER LINDEN Paul
DESSOMVIELE Hans
Board member
VERSELE Mark
LAMBRECHT E.
FERKET G.
DE VOS D.
Activity
Manufacture of all kinds of (kettle) food.
Branch[es]:
-Versele-Laga NV,
Veldstraat
1848800, ROESELARE
Staff
200 employees
Turnover
Net
turnover:
2006
Euro 201.918.002
2005 Euro 205.154.004
Real estate
The business premises at the mentioned
address is owned by the company, as far as we know.
Finances
See balance sheet
Remarks
Subsidiary
company of
-Heluca NV,
Kapellestraat 70,
9800 DEINZE
Subsidiary[ies]:
-Bos Beleggingen
BV,
Punterweg 16, 6222
NW MAASTRICHT
VERLATRANS NV, (099%)
AGRIFAMENNE-ONHAYE CVBA, (099%)
MOLENS MARIMAN NV, (099%)
DUVACO NV,
(082%)
TRANSPORTS MOLINE BVBA, (099%)
HERRIJGERS NV, (100%)
BOSMOLEN NV, (099%)
MOLINE AGRI NV, (099%)
VERLABREED NV, (099%)
VERLA-SEEDS NV, (099%)
ORLUX NV,
(099%)
ANIDIS NV,
(099%)
ARDENAGRI NV, (095%)
VERSELE-LAGA, (100%)
VERSELE-LAGA PORTUGAL, (100%)
F.A.C.I.,
(100%)
TRAVER,
(100%)
BFB PLUS MEZOGAZDASAGI, TERMELOI ES
KERESKEDELMI KORLATOLT FELEL, (099%)
M P GROUP,
(100%)
V.L.A.,
(100%)
PARFINOST,
(100%)
VERLACENTRE NORMANDIE SAS BUIT.VEN., (099%)
KOFFIN IN VEREFFENING NV, (080%)
PARFINOST POL NV, (099%)
PARFINOST TSJ NV, (099%)
PARFINOST HUN NV, (099%)
Net result:
2006 Euro
7.937.997
2005 Euro
16.148.007
2004 Euro
3.109.000
The
shareholders equity was as of:
31/12/2006 Euro 45.490.990
31/12/2005 Euro 47.678.006
31/12/2004 Euro 31.530.000
The
working capital was as of:
31/12/2006 Euro 18.576.000
31/12/2005 Euro 19.112.987
31/12/2004 Euro 5.354.000
Website:: www.versele-laga.com
Banks
ING Bank
Fortis Bank
KBC Bank, 442-0000000-00
VAT-nr.
BE424901669
Mode of payment
On average 5 days beyond terms.
Credit demand
No objections against entering into a business relationship.
The following
financial data is retrieved from the corporate balance sheet of :
Versele-Laga NV
Kapellestraat 70,
9800 DEINZE
Trade register 56136371
----------------------------------------------------------------------------
Versele-Laga
NV ***
BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible
assets 262.990 164.006
Tangible
assets 8.143.996 7.661.992
Financial
assets 25.251.996 23.227.004
Miscellaneous
fixed assets 0 0
Total fixed assets 33.659.008 31.053.002
Stock 20.115.989 21.532.998
Receivables 40.670.007 39.363.013
Shares 0 0
Liquid
assets 912.000 111.998
Miscellaneous
current assets 0 0
Total current assets 61.697.996 61.008.009
Shareholders equity 47.678.006 45.490.990
Provisions 3.168.996 3.066.988
Long-term
liabilities 1.924.992 1.071.991
Current
liabilities 42.585.009 42.432.009
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 92.188.007 88.994.990
----------------------------------------------------------------------------
Versele-Laga
NV ***
PROFIT & LOSS ACCOUNT ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 205.154.004 201.918.002
Other
income 179.004 379.004
Total
expenses 199.674.987 193.954.993
Operating
profit 5.660.004 8.596.005
Balance
financial P/L 12.330.992 2.506.997
Net
profit/loss 1] 17.990.997 11.102.011
Taxation 1.874.001 2.576.010
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 16.116.996 8.526.001
Balance
extraordinary P/L 31.011 -588.995
Taxation 0 0
Extraordinary
P/L 2] 31.011 -588.995
Res.
sub. companies 2] 0 0
Minority
interests 0 992
Miscellaneous
P/L 0 0
Net
result 16.148.007 7.937.997
----------------------------------------------------------------------------
Legend
: 1] = Before tax
2] = After tax
----------------------------------------------------------------------------
Versele-Laga
NV *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity
gearing 50 49,4
Equity/outside
capital 100 97,7
LIQUIDITY
Current
ratio 1,4 1,4
Acid
test 1 0,9
RATES
OF RETURN %
Total
assets 18,9 12,1
Shareholders equity 37,7 24,4
Pre
tax margin % 8,8 5,5
Turnover
rate 215,1 219,3
(x 1) (x 1)
-------------------- -------------------
Working
capital 19.112.987 18.576.000
Shareholders equity + Equalization acc. 47.678.006 45.490.990
----------------------------------------------------------------------------
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)