MIRA INFORM REPORT
|
Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
Ranson |
|
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Registered Office : |
Generaal Deprezstraat 16, Harelbeke, 8530 |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1975 |
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Com. Reg. No.: |
415042808 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of sugar and chocolate and sugar confectionery |
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No. of Employees : |
192 |
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 |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 1.8%, the unemployment rate decreased slightly to 7.2%
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 and 3.3% in 2012. Fourth quarter
GDP growth in 2012 was at -0.1%, the third consecutive quarter of negative
growth. This brought economic growth for the whole of 2012 to negative 0.2%. It
also left Belgium on the brink of a possible recession at the end of 2012.
However, at year's end, the government appeared close to meeting its 2012 budget
deficit goal of 3% of GDP. Despite the relative improvement in Belgium's budget
deficit, public debt hovers around 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
retail arm of a Franco-Belgian bank.
Source
: CIA
Company Name and Address
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Ranson |
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Business Description
Wholesale of sugar and chocolate and sugar confectionery
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
5136 -
Wholesale of sugar and chocolate and sugar confectionery |
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NAICS 2002: |
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UK SIC 2003: |
5136 - Wholesale
of sugar and chocolate and sugar confectionery |
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UK SIC 2007: |
4636 -
Wholesale of sugar and chocolate and sugar confectionery |
|
US SIC 1987: |
5149 -
Groceries and Related Products, Not Elsewhere Classified |
Key Executives
|
Name |
Title |
|
Frank Ranson |
Administrator |
|
Geert Van Ryckeghem |
Representative/Auditor |
|
Philippe Ranson |
Shareholders' Representative |
|
Bruno Michael Joris Ranson |
Shareholders' Representative |
News
|
Title |
Date |
|
Andrew
Ranson on CAP reform update |
8-May-2013 |
|
Governor,
Guard leadership officially welcome home transportation company |
7-May-2013 |
|
8th grader
creates her own destiny |
7-May-2013 |
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S&AGOINGUP
PIN THE WORLD |
7-May-2013 |
|
Creating
her own destiny |
6-May-2013 |
|
8th grader
is creating her own destiny |
6-May-2013 |
Registered No.(VAT): 415042808
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
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Industry Codes
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ANZSIC 2006 Codes: |
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3609 |
- |
Other Grocery Wholesaling |
|
360 |
- |
Grocery, Liquor and Tobacco Product
Wholesaling |
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NACE 2002 Codes: |
||
|
5136 |
- |
Wholesale of sugar and chocolate and sugar
confectionery |
|
5138 |
- |
Wholesale of other food including fish,
crustaceans and molluscs |
|
NAICS 2002 Codes: |
||
|
424450 |
- |
Confectionery Merchant Wholesalers |
|
424460 |
- |
Fish and Seafood Merchant Wholesalers |
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US SIC 1987: |
||
|
5149 |
- |
Groceries and Related Products, Not
Elsewhere Classified |
|
514 |
- |
Groceries and Related Products |
|
UK SIC 2003: |
||
|
5136 |
- |
Wholesale of sugar and chocolate and sugar
confectionery |
|
5138 |
- |
Wholesale of other food including fish,
crustaceans and molluscs |
|
UK SIC 2007: |
||
|
4636 |
- |
Wholesale of sugar and chocolate and sugar
confectionery |
|
4638 |
- |
Wholesale of other food, including fish,
crustaceans and molluscs |
Business Description
Wholesale of sugar and chocolate and sugar confectionery
Financial Data
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Executives report
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Executives |
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Administrator |
Administration Executive |
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Representative/Auditor |
Accounting Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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Shareholders' Representative |
Shareholder Relations Executive |
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News
Annual Profit and Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Turnover |
189.0 |
168.7 |
156.5 |
|
Other Operating
Income |
0.4 |
0.3 |
0.6 |
|
Operating Income |
189.4 |
169.0 |
157.1 |
|
Purchases |
159.8 |
143.4 |
131.8 |
|
Increase
or Decrease in Stocks |
-1.6 |
-5.5 |
2.9 |
|
Raw Materials,
Consumables, and Goods for Release |
158.1 |
137.9 |
134.7 |
|
Services and
Sundry Goods |
7.3 |
8.1 |
5.5 |
|
Remuneration, Social
Security Charges, and Pensions |
13.6 |
12.0 |
9.9 |
|
Depreciation of
and Other Amounts Written Off of Formation Expense, Intangible and Tangible
Fixed Assets |
2.1 |
1.7 |
1.4 |
|
Increase or Decrease
in Amounts Written Off Stocks, Orders, and Trade Debtors |
0.0 |
-0.1 |
0.0 |
|
Provisions for
Liabilities and Charges |
0.0 |
0.0 |
0.0 |
|
Other Operating
Charges |
0.1 |
0.1 |
0.1 |
|
Operating
Charges |
181.1 |
159.8 |
151.7 |
|
Income From
Financial Fixed Assets |
- |
- |
0.1 |
|
Income From
Current Assets |
0.2 |
0.0 |
- |
|
Other Financial
Income |
0.2 |
0.8 |
0.2 |
|
Financial Income |
0.3 |
0.8 |
0.3 |
|
Interest and Other
Debt Charges |
0.6 |
0.3 |
0.3 |
|
Other Financial
Charges |
0.0 |
0.0 |
0.0 |
|
Financial
Charges |
0.7 |
0.4 |
0.3 |
|
Gain on Disposal
of Fixed Assets |
0.0 |
0.0 |
0.0 |
|
Other
Extraordinary Income |
0.0 |
0.0 |
0.0 |
|
Extraordinary
Income |
0.0 |
0.0 |
0.1 |
|
Depreciation of
and Other Amounts Written Off Formation Expenses, Intangible, and Tangible
Fixed Assets |
- |
0.1 |
- |
|
Loss on Disposal
of Fixed Assets |
0.0 |
- |
0.0 |
|
Other
Extraordinary Charges |
0.0 |
- |
- |
|
Extraordinary
Charges |
0.0 |
0.1 |
0.0 |
|
Income Taxes |
1.8 |
2.3 |
1.5 |
|
Income Taxes |
1.8 |
2.3 |
1.5 |
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From
Reserves |
- |
2.9 |
- |
|
Transfers From
Capital and Reserves |
- |
2.9 |
- |
|
To
Other Reserves |
4.5 |
5.5 |
3.9 |
|
Transfers to Capital
and Reserves |
4.5 |
5.5 |
3.9 |
|
Return
on Capital |
- |
2.9 |
- |
|
Administrators
or Managers |
1.7 |
1.8 |
- |
|
Profit to be
Distributed |
1.7 |
4.8 |
- |
|
Employees |
192 |
188 |
160 |
Annual Balance Sheet
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
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Intangible
Assets |
0.1 |
0.1 |
0.2 |
|
Land
& Buildings |
6.3 |
6.7 |
2.8 |
|
Plant,
Machinery, and Equipment |
3.1 |
3.5 |
2.5 |
|
Furniture
and Vehicles |
1.6 |
1.4 |
1.1 |
|
Assets
Under Construction and Advance Payments |
- |
- |
1.7 |
|
Tangible
Assets |
10.9 |
11.6 |
8.1 |
|
Amounts
Receivable |
2.7 |
2.8 |
- |
|
Affiliated
Enterprises |
2.7 |
2.8 |
- |
|
Capital
Assets |
2.7 |
2.8 |
- |
|
Fixed Assets |
13.7 |
14.5 |
8.3 |
|
Raw
Materials and Consumables |
20.4 |
19.5 |
14.9 |
|
Advance
Payments |
2.5 |
1.5 |
- |
|
Stocks |
23.0 |
21.1 |
14.9 |
|
Inventory
and Orders in Progress |
23.0 |
21.1 |
14.9 |
|
Trade
Debtors |
22.8 |
21.5 |
19.4 |
|
Other
Amounts Receivable |
0.8 |
0.7 |
0.6 |
|
Amounts
Receivable Within One Year |
23.6 |
22.2 |
20.0 |
|
Own
Shares |
- |
- |
11.2 |
|
Other
Investments and Deposits |
0.0 |
0.0 |
0.1 |
|
Investments |
0.0 |
0.0 |
11.3 |
|
Liquid
Assets |
4.0 |
3.9 |
7.9 |
|
Adjustment
Accounts |
0.4 |
0.0 |
0.2 |
|
Current Assets |
50.9 |
47.1 |
54.4 |
|
Total Assets |
64.6 |
61.7 |
62.7 |
|
Issued
Capital |
0.2 |
0.2 |
0.2 |
|
Capital
|
0.2 |
0.2 |
0.2 |
|
Legal
Reserve |
0.0 |
0.0 |
0.0 |
|
For
Own Shares |
- |
- |
11.2 |
|
Other |
- |
1.0 |
- |
|
Reserves
Not Available for Distribution |
- |
1.0 |
11.2 |
|
Untaxed
Reserves |
0.1 |
0.1 |
0.1 |
|
Reserves
Available for Distribution |
39.9 |
35.9 |
25.4 |
|
Reserves |
40.0 |
37.0 |
36.8 |
|
Pensions
and Similar Obligations |
0.0 |
0.0 |
0.0 |
|
Provisions
for Liabilities and Charges |
0.0 |
0.0 |
0.0 |
|
Provisions
and Deferred Taxes |
0.0 |
0.0 |
0.0 |
|
Capital and
Reserves |
40.2 |
37.2 |
37.0 |
|
Credit
Institutions |
1.9 |
2.7 |
1.3 |
|
Financial
Debts |
1.9 |
2.7 |
1.3 |
|
Other
Amounts Payable |
2.6 |
0.7 |
10.3 |
|
Amounts
Due After More Than One Year |
4.5 |
3.4 |
11.6 |
|
Current
Portion of Amounts Payable After More Than One Year |
1.4 |
1.6 |
2.0 |
|
Credit
Institutions |
4.5 |
5.6 |
1.1 |
|
Financial
Debts |
4.5 |
5.6 |
1.1 |
|
Suppliers |
9.6 |
9.2 |
8.6 |
|
Trade
Debts |
9.6 |
9.2 |
8.6 |
|
Taxes |
0.9 |
0.9 |
0.5 |
|
Remuneration
and Social Security |
1.9 |
1.9 |
1.7 |
|
Taxes,
Wages, and Social Security |
2.8 |
2.8 |
2.2 |
|
Other
Amounts Payable |
1.6 |
1.9 |
0.0 |
|
Amounts
Payable Within One Year |
19.9 |
21.1 |
14.0 |
|
Adjustment
Accounts |
0.0 |
0.0 |
0.1 |
|
Creditors |
24.5 |
24.5 |
25.7 |
|
Total
Liabilities + Shareholders' Equity |
64.6 |
61.7 |
62.7 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.