MIRA INFORM REPORT
|
Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
RUELENS RAYMOND |
|
|
|
|
Registered Office : |
Lange Ridderstraat 13, 2800 Mechelen |
|
|
|
|
Country : |
Belgium |
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|
|
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Date of Incorporation : |
17.04.1991 |
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|
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Com. Reg. No.: |
515820165 |
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|
|
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Legal Form : |
Proprietorship Concern |
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|
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Line of Business : |
Wholesaler of pharmaceutical goods |
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|
|
|
No. of Employees : |
1 to 4 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Concern |
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|
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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 |
|
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 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
REGISTERED NAME &
CONCERN SUMMARY
|
Business
number |
515820165 |
|
Registered
name |
RUELENS
RAYMOND |
|
Address |
LANGE
RIDDERSTRAAT 13 |
|
|
2800
MECHELEN |
|
Date of
establishment |
17/04/1991 |
|
Telephone
number |
015211294 |
|
Fax
number |
- |
DIRECTORS/MANAGEMENT
Current director
details
|
Name |
|
|
Position |
Proprietor |
|
Start
Date |
28/07/1996
|
|
Date of
birth |
16/07/1949
|
NEGATIVE INFORMATION
Court data summary
|
Bankruptcy details |
|
|
Court
action type |
no |
|
Protested
bills |
|
|
Bill
amount |
- |
|
NSSO
details |
|
|
Date of
summons |
- |
|
Business
number |
515820165 |
Registered
name |
RUELENS
RAYMOND |
|
Fax
number |
- |
Date
founded |
17/04/1991 |
|
Concern status |
active |
Concern type |
Proprietorship |
|
Currency |
Euro (€) |
Date of
latest accounts |
- |
|
Activity
code |
46460 |
liable
for VAT |
yes |
|
Activity
description |
Wholesale
of pharmaceutical goods |
VAT
Number |
BE.0515.820.165 |
|
Belgian
Bullettin of Acts Publications |
|
|
Protested bills
|
Drawee name |
- |
|
Address |
- |
|
Bill amount |
- |
|
Bill currency |
- |
|
Maturity of bill |
- |
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Name of drawer |
- |
|
City of drawer |
- |
NSSO details
|
Business number |
515820165 |
|
Name of defendant |
- |
|
Legal form of defendant |
- |
|
Date of summons |
- |
|
Labour court |
- |
Bankruptcy details
|
There is
no bankruptcy data against this concern . |
|
Court data
|
There is
no data for this concern . |
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 |
- |
|
Industry average payment expectation days |
63.99 |
Industry average day sales outstanding |
150.79 |
Suspension of
payments / moratorium history
|
Amount |
- |
|
Details |
- |
Payment
expectations
|
Payment expectation days |
- |
|
Day sales outstanding |
- |
Industry
comparison
|
Activity code |
46460 |
|
Activity description |
Wholesale
of pharmaceutical goods |
|
Industry average payment expectation days |
63.99 |
|
Industry average day sales outstanding |
150.79 |
Industry quartile
analysis
|
Payment expectations |
|
|
Concern result |
- |
|
Lower |
107.41 |
|
Median |
71.81 |
|
Upper |
39.88 |
|
Day sales outstanding |
|
|
Concern result |
- |
|
Lower |
82.93 |
|
Median |
47.30 |
|
Upper |
23.78 |
GROUP STRUCTURE & AFFILIATED COMPANIES
Group Structure
No group
structure for this concern .
FINANCIAL INFORMATION
There are
no accounts on file for this concern
FOREIGN EXCHANGE RATES
Accounts
|
No key Financials Registered. |
Trends
|
- |
|
|
- |
|
|
- |
ADDITIONAL INFORMATION
Contractor details
|
Registered
contractor number |
- |
|
Contractor
description |
- |
|
Date
struck off register |
|
Personnel (NSSO
classification)
|
Code |
- |
|
Description |
FROM 1 TO
4 EMPLOYEES |
Joint Industrial
Committee (JIC)
Limit History
|
no limit history
data found. |
Industry
comparison
|
Activity code |
46460 |
|
Activity description |
Wholesale
of pharmaceutical goods |
NOTES & COMMENTS
Commentary
|
The
business was established over 22 years ago. |
|
|
The
business has 1 employees. |
|
|
The
business has been at the address for over 17 years. |
|
|
The
credit rating for this business has increased from 75 to 78. |
|
|
The
credit limit for this business has decreased from €3000 to €1500. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
UK Pound |
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.