MIRA
INFORM REPORT
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Report Date : |
23.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Ravago Distribution Center NV |
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Registered Office : |
Moerenstraat 85-A, 2370 Arendonk |
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Country : |
Belgium |
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Date of Incorporation : |
31/05/2007 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
The
wholesale business and retail trade, the import and export of raw materials
and waste materials of any kind; the manufacture of raw materials and products
for waste processing. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
Ravago Distribution Center NV
Moerenstraat 85-A
2370 ARENDONK
Tel.:+32 (0)14-436283
Legal status
NV Public limited company
[nat. law]
Founded
31/05/2007 as P.l.c.
Trade register
99088984
Capital
nominal EUR 6.060.000,--
issued and
paid up EUR 6.060.000,--
Activity
The wholesale business
and retail trade, the import and export of raw materials and waste materials of
any kind; the manufacture of raw materials and products for waste processing.
Staff
No employees
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Due to the
young character of this company a financial comment is not possible at this stage.
The course of
business development needs to be monitored.
Remarks
Website :
www.ravago.be
The ultimate parent company is said to be :
Ravago SA,
Luxembourg
Affiliated companies include:
RP Compounds
GmbH, Schkopau - Germay
Ravago
Logistics NV, Arendonk - Belgium
Ravago Plastic
Deutschland GmbH, Steinfurt - Germany
Ravago
Plastics NV, Arendonk - Belgium
Accountants:
BVBA De Neef, D'Haens Backer, Broekstraat 149, 9255 Bruggenhout
Banks
ING Bank
VAT-nr.
BE889844445
Mode of payment
Mode of payment has
not been registered
Credit demand
No direct objections
against entering into a business relationship.
In view of the
young character of the company, we advise you to deal on cash-payment terms.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)