MIRA INFORM REPORT
|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MARS BELGIUM NV |
|
|
|
|
Registered Office : |
Kleine Kloosterstraat 8 Zaventem, Post Code 1932 |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
12.09.1977 |
|
|
|
|
Com. Reg. No.: |
417521454 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Non-specialised wholesale of non-deepfrozen foods, beverages, alcohol and tobacco |
|
|
|
|
No. of Employees : |
307 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Belgium - ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized
on its central geographic location, highly developed transport network, and
diversified industrial and commercial base. Industry is concentrated mainly in
the more heavily-populated region of Flanders in the north. With few natural
resources, Belgium imports substantial quantities of raw materials and exports
a large volume of manufactures, making its economy vulnerable to volatility in
world markets. Roughly three-quarters of Belgium's trade is with other EU
countries, and Belgium has benefited most from its proximity to Germany. In
2011 Belgian GDP grew by 2.0%, the unemployment rate decreased slightly to 7.7%
from 8.3% the previous year, and the government reduced the budget deficit from
a peak of 6% of GDP in 2009 to 4.2% in 2011. Despite the relative improvement
in Belgium's budget deficit, public debt hovers near 100% of GDP, a factor that
has contributed to investor perceptions that the country is increasingly
vulnerable to spillover from the euro-zone crisis. Belgian banks were severely
affected by the international financial crisis in 2008 with three major banks
receiving capital injections from the government, and the nationalization of
the Belgian arm of a Franco-Belgian bank. An ageing population and rising
social expenditures are mid- to long-term challenges to public finances.
|
Source : CIA |
REGISTERED NAME & COMPANY
SUMMARY
|
Business number |
417521454 |
Company name |
MARS BELGIUM NV |
|
|
|
Telephone number |
014251811 |
|
Address |
KLEINE KLOOSTERSTRAAT 8 ZAVENTEM |
Fax number |
014251802 |
|
Post code |
1932 |
Number of staff |
307 |
|
Date of
establishment |
12/09/1977 |
|
|
|
Business number |
417521454 |
Company name |
MARS BELGIUM NV |
|
Fax number |
014251802 |
Date founded |
12/09/1977 |
|
Company status |
active |
Company type |
Public Limited
Liability Company (BE) |
|
Currency |
Euro (€) |
Date of latest
accounts |
31/12/2011 |
|
Activity code |
46392 |
liable for VAT |
yes |
|
Activity
description |
Non-specialised
wholesale of non-deepfrozen foods, beverages, alcohol and tobacco |
VAT Number |
BE.0417.521.454 |
|
Belgian Bullettin
of Acts Publications |
|
|
DIRECTORS/MANAGEMENT
Current director details
|
Name |
|
|
Position |
Commissioner |
|
Date of birth |
01/01/1985 |
|
Street |
18 WOLUWEDAL
ZAVENTEM |
|
Post code |
1932 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
7 DENNENBOSLAAN
BRUSSEL |
|
Post code |
1180 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
16 JAN VAN BOENDALELAAN
TERVUREN |
|
Post code |
3080 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
29 JONETLAAN
SINT-GENESIUS-RODE |
|
Post code |
1640 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
France |
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
United Kingdom |
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
|
|
Post code |
|
|
Country |
|
|
|
|
Former director
details
|
Name |
|
|
Position |
Director |
|
Street |
62 KRAAKBEZIENLAAN
BRUSSEL |
|
Post code |
1180 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Street |
HERGEMBERG |
|
Post code |
8901 |
|
Country |
Germany |
NEGATIVE INFORMATION
Court data summary
|
Bankruptcy details |
|
|
Court action type |
no |
|
Protested bills |
|
|
Bill amount |
- |
|
NSSO details |
|
|
Date of summons |
- |
Contractor details
|
Registered
contractor number |
- |
|
Contractor
description |
- |
|
Date struck off
register |
|
Personnel limit NSSO
|
Code |
- |
|
Description |
FROM 200 TO 499
EMPLOYEES |
Joint Industrial
Committee (JIC)
Significant Events
|
Event Date |
11/05/2009 |
|
Event Description |
re-appointment of
director(s) |
|
Event Details |
Commentaar
11-05-2009: Herbenoeming bestuurders tot de volgende algemene vergadering van
2014: Mars Marijke en Poliquin Anne-Marie. |
|
Event Date |
13/05/2008 |
|
Event Description |
re-appointment of
director(s) |
|
Event Details |
Commentaar
13-05-2008: Pierre Laubiès wordt herbenoemd als bestuurder tot na de algemene
vergadering van 2013. |
|
Event Date |
08/05/2006 |
|
Event Description |
re-appointment of
director(s) |
|
Event Details |
Commentaar
08-05-2006: Herbenoeming bestuurders tot na de gewone algemene vergadering
van het boekjaar afgesloten op 31/12/2008: Anne-Marie Poliquin en Marijke
Mars. |
|
Event Date |
25/04/2007 |
|
Event Description |
proposal of change
of name filed |
|
Event Details |
Commentaar
25-04-2007: Met ingang vanaf 14/05/2007 wordt de naam van de vennootschap
gewijzigd in Mars Belgium |
Protested bills
|
Drawee name |
- |
|
Address |
- |
|
Bill amount |
- |
|
Bill currency |
- |
|
Maturity of bill |
- |
|
Name of drawer |
- |
|
City of drawer |
- |
NSSO details
|
Business number |
417521454 |
|
Name of
defendant |
- |
|
Legal form of
defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
Bankruptcy details
|
There is no
bankruptcy data against this company |
|
court data
|
there is no data
for this company |
SHARE & SHARE CAPITAL
INFORMATION
Minority Shareholders
|
No minority
shareholders found |
Minority Interests
|
No minority
interests found |
PAYMENT INFORMATION
Payment expectations
|
Past payments |
|
Payment
expectation days |
50.22 |
|
Industry average
payment expectation days |
56.64 |
Industry average
day sales outstanding |
65.82 |
|
Day sales
outstanding |
44.07 |
||
Suspension of
payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment expectations
|
Payment
expectation days |
50.22 |
|
Day sales
outstanding |
44.07 |
Industry comparison
|
Activity code |
46392 |
|
Activity
description |
Non-specialised
wholesale of non-deepfrozen foods, beverages, alcohol and tobacco |
|
Industry average
payment expectation days |
56.64 |
|
Industry average
day sales outstanding |
65.82 |
Industry quartile
analysis
|
Payment
expectations |
|
|
Company result |
50.22 |
|
Lower |
70.19 |
|
Median |
40.66 |
|
Upper |
12.13 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Summary
|
Group - Number of
Companies |
0 |
|
Linkages - Number
of Companies |
0 |
|
Number of
Countries |
0 |
Group Structure
|
No group structure
for this company. |
FINANCIAL INFORMATION
Accounts & ratios
|
Date of latest
accounts |
Turnover |
Profit Before Tax |
Net worth |
|
31/12/2011 |
284,979,981 |
32,094,718 |
44,854,275 |
|
31/12/2010 |
279,659,351 |
28,024,964 |
62,036,054 |
|
31/12/2009 |
289,985,745 |
36,910,654 |
43,436,732 |
Accounts & ratios
|
Date of latest
accounts |
Balance Total |
Investments |
Capital |
Cash Flow |
Number of
Employees |
|
31/12/2011 |
184,812,942 |
32,128 |
3,702,000 |
1,494,932 |
307 |
|
31/12/2010 |
185,726,314 |
59,144 |
3,702,000 |
2,585,685 |
299 |
|
31/12/2009 |
168,331,805 |
26,665 |
3,702,000 |
1,575,763 |
299 |
Trends
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit & loss
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
284,979,981 |
1.90 |
279,659,351 |
-3.56 |
289,985,745 |
14,407,229 |
1878 |
|
Total operating
expenses |
255,665,277 |
1.16 |
252,735,885 |
-1.58 |
256,782,826 |
13,838,832 |
1747 |
|
29,314,704 |
8.88 |
26,923,466 |
-18.91 |
33,202,919 |
187,902 |
15501 |
|
|
4,890,524 |
88.49 |
2,594,641 |
-30.94 |
3,756,881 |
51,108 |
9468 |
|
|
2,110,510 |
41.35 |
1,493,143 |
2938 |
49,146 |
33,034 |
6288 |
|
|
32,094,718 |
14.52 |
28,024,964 |
-24.07 |
36,910,654 |
198,398 |
16076 |
|
|
11,400,497 |
20.99 |
9,422,602 |
-25.93 |
12,722,003 |
96,294 |
11739 |
|
|
20,694,221 |
11.25 |
18,602,362 |
-23.09 |
24,188,651 |
136,567 |
15053 |
|
|
0 |
- |
0 |
- |
0 |
22,307 |
-100 |
|
|
0 |
-100 |
6616 |
-4.38 |
6919 |
- |
- |
|
|
20,694,221 |
11.21 |
18,608,978 |
-23.09 |
24,195,570 |
159,678 |
12859 |
|
|
other information |
|||||||
|
37,876,000 |
- |
- |
- |
- |
1,097,820 |
3350 |
|
|
- |
- |
- |
- |
- |
42,870 |
- |
|
|
29,351,445 |
-3.60 |
30,446,691 |
-2.14 |
31,113,991 |
747,175 |
3828 |
|
|
19,946,677 |
-3.98 |
20,772,538 |
-1.14 |
21,011,183 |
548,846 |
3534 |
|
|
- |
- |
- |
- |
- |
85,374 |
- |
|
|
6,625,549 |
-1.60 |
6,733,484 |
-4.91 |
7,081,262 |
183,977 |
3501 |
|
|
2,779,219 |
-5.49 |
2,940,669 |
-2.68 |
3,021,546 |
25,430 |
10828 |
|
|
2,449,009 |
8.86 |
2,249,775 |
4.85 |
2,145,635 |
93,512 |
2518 |
|
balance sheet
|
Annual accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
0 |
- |
0 |
- |
0 |
25,336 |
-100 |
|
|
11,941,072 |
37.17 |
8,705,535 |
-0.46 |
8,745,562 |
603,217 |
1879 |
|
|
1,792,356 |
-7.75 |
1,942,913 |
-3.15 |
2,006,026 |
814,593 |
120 |
|
|
5,726,977 |
1.70 |
5,631,314 |
2.37 |
5,500,709 |
124,699 |
4492 |
|
|
4,421,739 |
290 |
1,131,308 |
-8.68 |
1,238,827 |
108,120 |
3989 |
|
|
32,128 |
-45.68 |
59,144 |
121 |
26,665 |
279,633 |
-88.51 |
|
|
11,973,200 |
36.61 |
8,764,679 |
-0.09 |
8,772,227 |
789,375 |
1416 |
|
|
11,976,197 |
1.67 |
11,779,611 |
0.19 |
11,756,871 |
468,706 |
2455 |
|
|
2,162,939 |
11.24 |
1,944,440 |
-15.75 |
2,307,989 |
1,394,676 |
55.09 |
|
|
Work in progress |
918,220 |
-2.25 |
939,389 |
1.87 |
922,151 |
4,017 |
22758 |
|
8,895,038 |
-0.01 |
8,895,782 |
4.33 |
8,526,731 |
180,442 |
4829 |
|
|
0 |
- |
0 |
- |
0 |
106,802 |
-100 |
|
|
34,409,902 |
23.74 |
27,808,293 |
-12.04 |
31,616,370 |
605,541 |
5582 |
|
|
Cash |
1,494,932 |
-42.18 |
2,585,685 |
64.09 |
1,575,763 |
308,205 |
385 |
|
114,089,099 |
-13.42 |
131,766,978 |
29.96 |
101,388,936 |
513,250 |
22128 |
|
|
10,869,612 |
259 |
3,021,068 |
-77.15 |
13,221,638 |
110,825 |
9707 |
|
|
172,839,742 |
-2.33 |
176,961,635 |
10.91 |
159,559,578 |
1,834,062 |
9323 |
|
|
current
liabilities |
|||||||
|
35,174,725 |
9.94 |
31,993,828 |
-3.80 |
33,257,396 |
765,124 |
4497 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
125,335 |
- |
0 |
- |
0 |
91,914 |
36.36 |
|
|
103,410,116 |
12.77 |
91,696,432 |
0.07 |
91,632,706 |
22444 |
- - |
|
|
138,710,176 |
12.14 |
123,690,260 |
-0.96 |
124,890,102 |
1,260,974 |
10900 |
|
|
Long term debts |
|||||||
|
Long term group
loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other long term
loans |
1,248,491 |
- |
- |
- |
- |
165 |
- - |
|
Other long term
liabilities |
0 |
- |
0 |
-100 |
4,971 |
29,802 |
-100 |
|
1,248,491 |
- |
0 |
-100 |
4,971 |
264,331 |
372 |
|
|
shareholders
equity |
|||||||
|
3,702,000 |
0 |
3,702,000 |
0 |
3,702,000 |
441,539 |
738 |
|
|
- |
- |
- |
- |
- |
138,782 |
- |
|
|
41,152,275 |
-29.45 |
58,334,054 |
46.81 |
39,734,732 |
556,519 |
7294 |
|
|
- |
- |
- |
- |
- |
352,297 |
- |
|
|
Total shareholders
equity |
44,854,275 |
-27.70 |
62,036,054 |
42.82 |
43,436,732 |
1,013,378 |
4326 |
|
34,129,566 |
-35.93 |
53,271,375 |
53.65 |
34,669,476 |
573,088 |
5855 |
|
|
44,854,275 |
-27.70 |
62,036,054 |
42.82 |
43,436,732 |
988,042 |
4439 |
|
ratio analysis
|
Annual accounts |
31-12-2011 |
change(%) |
31-12-2010 |
change(%) |
31-12-2009 |
Industry average |
% |
|
Trading
performance |
|||||||
|
Profit Before Tax |
11.26 |
12.38 |
10.02 |
-21.29 |
12.73 |
5.266,00 |
-99 |
|
69.62 |
54.09 |
45.18 |
-46.83 |
84.97 |
24,00 |
190 |
|
|
17.37 |
15.11 |
15.09 |
-31.19 |
21.93 |
0,00 |
- |
|
|
71.55 |
58.37 |
45.18 |
-46.83 |
84.98 |
26,00 |
175 |
|
|
8.35 |
59.05 |
5.25 |
-37.20 |
8.36 |
-2,00 |
-99 |
|
|
4.20 |
-0.24 |
4.21 |
3.95 |
4.05 |
19,00 |
-77.89 |
|
|
44.07 |
21.44 |
36.29 |
-8.80 |
39.79 |
71,00 |
-37.93 |
|
|
50.22 |
8.68 |
46.21 |
-2.24 |
47.27 |
50,00 |
0.44 |
|
|
short term
stability |
|||||||
|
1.25 |
-12.59 |
1.43 |
11.72 |
1.28 |
5,00 |
- |
|
|
1.16 |
-13.43 |
1.34 |
13.56 |
1.18 |
4,00 |
-71.00 |
|
|
3.09 |
55.28 |
1.99 |
-30.90 |
2.88 |
0,00 |
- |
|
|
Liquidity ratio
reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term
stability |
|||||||
|
3.06 |
- |
- |
- |
- |
-232,00 |
1.32 |
|
|
24.27 |
-27.34 |
33.40 |
29.46 |
25.80 |
-427,00 |
5.68 |
|
|
3.12 |
56.78 |
1.99 |
-30.90 |
2.88 |
-1,00 |
312 |
|
ADDITIONAL INFORMATION
Limit History
|
no limit history
data found |
Industry
comparison
|
Day sales
outstanding |
|
|
Company result |
44.07 |
|
Lower |
69.07 |
|
Median |
38.82 |
|
Upper |
14.71 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.05 |
|
UK Pound |
1 |
Rs.82.74 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.