MIRA INFORM REPORT
|
Report Date : |
26.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAVAGO DISTRIBUTION CENTER NV |
|
|
|
|
Registered Office : |
Moerenstraat 85-Bus A 2370 Arendonk |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
31.05.2007 |
|
|
|
|
Com. Reg. No.: |
889844445 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (BE) |
|
|
|
|
Line of Business : |
Wholesale of chemical products for industrial use |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 (31.03.2011) |
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 |
889844445 |
|
Company
name |
RAVAGO
DISTRIBUTION CENTER NV |
|
Address |
MOERENSTRAAT
85-Bus A |
|
|
2370
ARENDONK |
|
|
|
|
Number of
staff |
0 |
|
Date of
establishment |
31/05/2007 |
|
Telephone
number |
014672012 |
|
Fax
number |
014701550 |
|
Company
status |
Active |
|
Business
number |
889844445 |
Company
name |
RAVAGO
DISTRIBUTION CENTER NV |
|
Fax
number |
014701550 |
Date
founded |
31/05/2007 |
|
Company
status |
active |
Company
type |
Public
Limited Liability Company (BE) |
|
Currency |
Euro (€) |
Date of
latest accounts |
31/12/2011 |
|
Activity
code |
46751 |
liable
for VAT |
yes |
|
Activity
description |
Wholesale
of chemical products for industrial use |
VAT
Number |
BE.0889.844.445 |
|
Belgian
Bullettin of Acts Publications |
|
|
DIRECTORS/MANAGEMENT
Current
director details
|
Name |
|
|
Position |
Director |
|
Start
Date |
03/02/2011
|
|
Date of
birth |
08/01/2002
|
|
Street |
17
WIPPELBERG ARENDONK |
|
Post code
|
2370 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start
Date |
03/02/2011
|
|
Date of
birth |
01/10/1998
|
|
Street |
54 OUDE
ARENDONKSE BAAN OUD-TURNHOUT |
|
Post code
|
2360 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start
Date |
06/01/2011
|
|
Date of
birth |
01/10/1998
|
|
Street |
54 OUDE
ARENDONKSE BAAN OUD-TURNHOUT |
|
Post code
|
2360 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start
Date |
06/01/2011
|
|
Date of
birth |
26/03/2010
|
|
Street |
12 ARTHUR
GOEMAERELEI ANTWERPEN |
|
Post code
|
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start
Date |
06/01/2011
|
|
End Date |
10/06/2016
|
|
Date of
birth |
26/03/2010
|
|
Street |
12 ARTHUR
GOEMAERELEI ANTWERPEN |
|
Post code
|
2018 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Managing
Director |
|
Start
Date |
03/02/2011
|
|
Date of
birth |
03/02/1992
|
|
Street |
35
ZOERSELBOSDREEF ZOERSEL |
|
Post code
|
2980 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start
Date |
03/12/2009
|
|
Date of
birth |
03/02/1992
|
|
Street |
35
ZOERSELBOSDREEF ZOERSEL |
|
Post code
|
2980 |
|
Country |
Belgium |
Former director details
|
Name |
|
|
Position |
Director |
|
Start
Date |
13/06/2007
|
|
End Date |
01/11/2009
|
|
Date of
birth |
23/12/1998
|
|
Street |
4
RAAPSTRAAT ANTWERPEN |
|
Post code
|
2000 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start
Date |
31/05/2007
|
|
End Date |
- |
|
Date of
birth |
23/12/1998
|
|
Street |
4
RAAPSTRAAT ANTWERPEN |
|
Post code
|
2000 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start
Date |
13/06/2007
|
|
End Date |
- |
|
Date of
birth |
30/06/1999
|
|
Street |
22
VRIJHEID ARENDONK |
|
Post code
|
2370 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Commissioner |
|
Start
Date |
23/12/2010
|
|
End Date |
31/12/2010
|
|
Date of
birth |
14/04/1988 |
|
Street |
71 PARKLAAN SINT-NIKLAAS |
|
Post code
|
9100 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start
Date |
08/07/2010
|
|
End Date |
31/12/2010
|
|
Date of
birth |
28/01/2000
|
|
Street |
51
POEDERSTRAAT ARENDONK |
|
Post code
|
2370 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start
Date |
31/05/2007
|
|
End Date |
- |
|
Date of
birth |
28/01/2000
|
|
Street |
51
POEDERSTRAAT ARENDONK |
|
Post code
|
2370 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start
Date |
11/06/2010
|
|
End Date |
- |
|
Date of
birth |
08/01/2002
|
|
Street |
17
WIPPELBERG ARENDONK |
|
Post code
|
2370 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start
Date |
11/06/2010
|
|
End Date |
- |
|
Date of
birth |
03/10/2003
|
|
Street |
63 DE
DARIES ARENDONK |
|
Post code
|
2370 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start
Date |
11/06/2010
|
|
End Date |
- |
|
Date of
birth |
03/10/2003
|
|
Street |
63 DE
DARIES ARENDONK |
|
Post code
|
2370 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start
Date |
13/06/2008
|
|
End Date |
- |
|
Date of
birth |
13/02/2008
|
|
Street |
18
EEKHOORNTJESLAAN KRAAINEM |
|
Post code
|
1950 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Director |
|
Start
Date |
13/06/2008
|
|
End Date |
- |
|
Date of
birth |
13/02/2008
|
|
Street |
18
EEKHOORNTJESLAAN KRAAINEM |
|
Post code
|
1950 |
|
Country |
Belgium |
|
|
|
|
Name |
|
|
Position |
Legal
Representative |
|
Start
Date |
31/05/2007
|
|
End Date |
- |
|
Date of
birth |
03/02/1992
|
|
Street |
35
ZOERSELBOSDREEF ZOERSEL |
|
Post code
|
2980 |
|
Country |
Belgium |
NEGATIVE INFORMATION
Court data
summary
|
Bankruptcy
details |
|
|
Court
action type |
no |
|
Protested
bills |
|
|
Bill
amount |
- |
|
NSSO
details |
|
|
Date of
summons |
- |
NSSO
details
|
Business number |
889844445 |
|
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
|
Business
number |
Company
name |
% |
Date of
accounts |
|
5 |
31/12/2011 |
PAYMENT INFORMATION
Payment
expectations
|
Past
payments |
|
Payment expectation days |
20.18 |
|
Industry average payment expectation days |
66.16 |
Industry average day sales outstanding |
107.24 |
|
Day sales
outstanding |
20.07 |
||
Payment
expectations
|
Payment expectation days |
20.18 |
|
Day sales outstanding |
20.07 |
Industry
comparison
|
Activity code |
46751 |
|
Activity description |
Wholesale
of chemical products for industrial use |
|
Industry average payment expectation days |
66.16 |
|
Industry average day sales outstanding |
107.24 |
Industry
quartile analysis
|
Payment expectations |
|
|
Company result |
20.18 |
|
Lower |
95.32 |
|
Median |
61.86 |
|
Upper |
41.16 |
|
Day sales outstanding |
|
|
Company result |
20.07 |
|
Lower |
72.24 |
|
Median |
42.96 |
|
Upper |
25.75 |
GROUP STRUCTURE & AFFILIATED COMPANIES
Ultimate
holding company
|
Company
name |
Company
Number |
Group
Structure
|
Company
name |
|
Number |
Latest |
|
|
889844445 |
31-12-2011 |
|
|
|
881573117 |
31-12-2011 |
FINANCIAL INFORMATION
Accounts
& ratios
|
Date of
latest accounts |
Turnover |
Profit
Before Tax |
Net worth |
Working
capital |
|
31/12/2011 |
560,186,764 |
10,224,424 |
5,663,561 |
869,796 |
|
31/12/2010 |
903,150,618 |
31,309,852 |
3,629,580 |
-1,232,428 |
|
31/12/2009 |
645,726,420 |
8,745,635 |
1,945,876 |
-3,806,303 |
Accounts
& ratios
|
Date of
latest accounts |
Balance
Total |
Number of
Employees |
Capital |
Cashflow |
|
31/12/2011 |
51,789,049 |
0 |
6,060,000 |
9,111,542 |
|
31/12/2010 |
111,088,995 |
0 |
6,060,000 |
21,861,265 |
|
31/12/2009 |
140,536,554 |
0 |
6,060,000 |
8,405,278 |
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 |
560,186,764
|
-37.97 |
903,150,618
|
39.87 |
645,726,420
|
44,667,795
|
1154 |
|
Total
operating expenses |
551,099,346
|
-36.77 |
871,599,156
|
37.41 |
634,316,432
|
42,524,695
|
1195 |
|
9,087,418
|
-71.20 |
31,551,462
|
176 |
11,409,988
|
845,190 |
975 |
|
|
4,486,850
|
67.08 |
2,685,464
|
9.63 |
2,449,604
|
511,718 |
776 |
|
|
3,349,845
|
14.44 |
2,927,074
|
-42.76 |
5,113,957
|
527,703 |
534 |
|
|
10,224,424
|
-67.34 |
31,309,852
|
258 |
8,745,635
|
800,910 |
1176 |
|
|
3,477,165
|
-67.12 |
10,575,634
|
296 |
2,665,181
|
231,298 |
1403 |
|
|
6,747,259
|
-67.46 |
20,734,219
|
240 |
6,080,454
|
628,078 |
974 |
|
|
0 |
0 |
-1,246,061
|
- |
0 |
190 |
-100 |
|
|
0.00 |
- |
0.00 |
- |
0 |
- |
- |
|
|
6,747,259
|
-65.38 |
19,488,158
|
220 |
6,080,454
|
628,433 |
973 |
|
|
other
information |
|||||||
|
6,800,000
|
-65.83 |
19,900,000
|
-33.67 |
30,000,000
|
1,354,248
|
402 |
|
|
- |
- |
- |
- |
- |
246,129 |
- |
|
|
11,208 |
23.96 |
9,042 |
86.51 |
4,848 |
1,095,221
|
-98.98 |
|
|
- |
- |
- |
- |
- |
786,043 |
- |
|
|
- |
- |
- |
- |
- |
61,021 |
- |
|
|
- |
- |
- |
- |
- |
228,152 |
- |
|
|
11,208 |
23.96 |
9,042 |
86.51 |
4,848 |
78,927 |
-85.80 |
|
|
2,364,283
|
-0.37 |
2,373,107
|
2.08 |
2,324,824
|
285,195 |
729 |
|
Balance
Sheet
|
Annual
accounts |
31-12-2011 |
% |
31-12-2010 |
% |
31-12-2009 |
Industry
average |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
1,048,983
|
- |
3,135,706
|
- |
5,231,252
|
75,281 |
1293 |
|
|
2,580,482
|
-9.71 |
2,858,043
|
-8.85 |
3,135,603
|
1,380,899
|
86.87 |
|
|
2,149,327
|
0 |
2,149,327
|
0.00 |
2,149,326
|
726,560 |
195 |
|
|
431,155 |
-39.16 |
708,716 |
-28.14 |
986,277 |
1,306,187
|
-66.99 |
|
|
0 |
- |
0 |
- |
0 |
102,048 |
-100 |
|
|
2,213,284
|
10.45 |
2,003,966
|
-23.41 |
2,616,576
|
3,284,672
|
-32.62 |
|
|
5,842,749
|
-26.94 |
7,997,714
|
-27.18 |
10,983,431
|
3,524,272
|
65.79 |
|
|
- |
- |
81,922,343
|
3.10 |
79,462,181
|
2,863,502
|
- |
|
|
- |
- |
31,983,586
|
-25.21 |
42,761,728
|
3,275,223
|
- |
|
|
Work in progress |
0 |
- |
0 |
- |
0 |
45,601 |
-100 |
|
0 |
-100 |
49,938,758
|
36.07 |
36,700,453
|
1,412,898
|
-100 |
|
|
0 |
- |
0 |
- |
0 |
112,791 |
-100 |
|
|
30,802,177
|
638 |
4,168,157
|
-64.97 |
11,898,466
|
3,122,373
|
886 |
|
|
Cash |
128,391 |
-58.85 |
311,977 |
108 |
149,901 |
550,087 |
-76.66 |
|
15,010,768
|
-10.03 |
16,684,140
|
-56.14 |
38,038,735
|
2,318,215
|
547 |
|
|
4,966 |
6.48 |
4,663 |
21.44 |
3,840 |
2,734,624
|
-99 |
|
|
45,946,300
|
-55.43 |
103,091,282
|
-20.43 |
129,553,123
|
10,561,812
|
335 |
|
|
current
liabilities |
|||||||
|
30,467,196
|
-50.98 |
62,148,810
|
-12.72 |
71,207,408
|
2,622,906
|
1061 |
|
|
- |
- |
- |
- |
- |
- |
- |
|
|
1,007,080
|
-92.82 |
14,031,185
|
-46.07 |
26,017,043
|
1,819,772
|
-44.66 |
|
|
13,602,228
|
-51.67 |
28,143,715
|
-22.12 |
36,134,975
|
619 |
- - |
|
|
45,076,505
|
-56.79 |
104,323,710
|
-21.77 |
133,359,426
|
6,246,302
|
621 |
|
|
Long term
debts |
|||||||
|
Long term
group loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other
long term loans |
- |
- |
- |
- |
- |
- |
- - |
|
Other
long term liabilities |
0 |
- |
0 |
- |
0 |
296,233 |
-100 |
|
0 |
- |
0 |
- |
0 |
1,230,997
|
-100 |
|
|
shareholders
equity |
|||||||
|
6,060,000
|
0 |
6,060,000
|
0 |
6,060,000
|
4,205,037
|
44.11 |
|
|
- |
- |
- |
- |
- |
510,757 |
- |
|
|
652,545 |
-7.48 |
705,285 |
-36.87 |
1,117,128
|
2,022,737
|
-67.74 |
|
|
- |
- |
- |
- |
- |
202,231 |
- |
|
|
Total
shareholders equity |
6,712,545
|
-0.78 |
6,765,285
|
-5.74 |
7,177,128
|
6,256,358
|
7.29 |
|
869,796 |
70.58 |
-1,232,428
|
32.38 |
-3,806,303
|
4,315,510
|
-79.84 |
|
|
9,111,542
|
-58.32 |
21,861,265
|
160 |
8,405,278
|
875,602 |
940 |
|
|
5,663,561
|
56.04 |
3,629,580
|
86.53 |
1,945,876
|
6,181,076
|
-8.37 |
|
Ratio
Analysis
|
Annual
accounts |
31-12-2011 |
change(%) |
31-12-2010 |
change(%) |
31-12-2009 |
Industry
average |
% |
|
Trading
performance |
|||||||
|
Profit
Before Tax |
1.83 |
-47.26 |
3.47 |
157 |
1.35 |
-38,00 |
4.82 |
|
152.32 |
-67.09 |
462.80 |
279 |
121.85 |
-54,00 |
282 |
|
|
19.74 |
-29.95 |
28.18 |
353 |
6.22 |
3,00 |
558 |
|
|
152.32 |
-67.09 |
462.80 |
279 |
121.85 |
24,00 |
534 |
|
|
644.04 |
87.89 |
-732.82 |
-331 |
-169.65 |
5,00 |
-99 |
|
|
- |
- |
9.07 |
-26.32 |
12.31 |
15,00 |
- |
|
|
20.07 |
1094 |
1.68 |
-75.04 |
6.73 |
148,00 |
-86.44 |
|
|
20.18 |
-22.47 |
26.03 |
-36.47 |
40.97 |
1,00 |
1918 |
|
|
short
term stability |
|||||||
|
1.02 |
3.03 |
0.99 |
2.06 |
0.97 |
8,00 |
-66.00 |
|
|
1.02 |
410 |
0.20 |
-47.37 |
0.38 |
7,00 |
-85.43 |
|
|
6.72 |
-56.42 |
15.42 |
-17.01 |
18.58 |
3,00 |
124 |
|
|
Liquidity
ratio reprocessed |
- |
- |
- |
- |
- |
- |
|
|
long term
stability |
|||||||
|
15 |
-92.77 |
207.40 |
-42.79 |
362.50 |
146,00 |
-89.73 |
|
|
13.23 |
111 |
6.27 |
18.30 |
5.30 |
-31,00 |
42.68 |
|
|
6.72 |
-56.42 |
15.42 |
-17.01 |
18.58 |
5,00 |
34.40 |
|
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Joint
Industrial Committee (JIC)
Significant
Events
|
Event
Date |
14/11/2012 |
|
Event
Description |
|
|
Event
Details |
Neerlegging van de schriftelijke besluiten van de
aandeelhouders d.d. 12 november 2012 houdende de wijziging van controle
overeenkomstig artikel 556 van het Wetboek van vennootschappen. |
NOTES & COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.10 |
|
|
1 |
Rs.82.46 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.