MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
BESTSELLER A/S |
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Registered Office : |
Fredskovvej 5, 7330 Brande |
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Country : |
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Financials (as on) : |
31.07.2006 |
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Date of Incorporation : |
1983-04-07 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale clothing and footwear |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Main name
BESTSELLER A/S
Main address
FREDSKOVVEJ 5
City 7330 BRANDE
Country
Phone-no. +45-99-423200
Fax-no. +45-99-423499
Nat. partner ID-no.
208705
88216512 A/S
Legal form
Limited company
Company Status
Active
Latest change
2007-06-23
Activity
Activity 51.42 Wholesale clothing and
footwear
No of employees
empl 1088
Management
Information
Management
POUL BÆKGAARD LAURSEN
ANDERS HOLCH POVLSEN
LISBETH HOLM HØJGAARD
Board of directors
TROELS HOLCH
POVLSEN (Chairman of the board)
MERETE BECH
POVLSEN
ANDERS HOLCH
POVLSEN (Member of the board)
JØRGEN BO TERP
RASMUSSEN (Member of the board)
FINN POULSEN
(Member of the board)
Historical Data
Established 1984
Registered
Credit Facilities
Bankers
NORDEA BANK
DANMARK A/S BRANDE AFDELING STOREGADE
- 30 7330 BRANDE
Financial data
Currency Danish Kroner
Closing date
Source Ann. report Ann. report Ann. report
Turnover 6.155.586.000 4.709.053.000 3.863.564.000
Costs 5.628.875.000 4.159.401.000 3.423.377.000
Ordinary
result 1.479.418.000 1.310.577.000 878.020.000
Tax 439.337.000 377.090.000 278.170.000
Annual result 1.040.081.000 933.487.000 599.850.000
<* Assets *>
Fixed assets 1.807.863.000 1.508.340.000 1.107.805.000
Current assets 2.188.333.000 1.912.591.000 1.507.868.000
<* Liabilities
*>
Equity capital 2.505.310.000 1.893.949.000 1.548.094.000
Share capital 110.000.000 110.000.000 110.000.000
Short-term
debts 1.478.551.000 1.519.751.000 1.061.510.000
Company Ratios
Gearing I 211,99 394,12 241,09
Acid test ratio
I 148,01 125,85 142,05
Acid test ratio
II 112,96 93,58 98,20
Return on
investment 13,18 16,07 16,83
Return on equity 59,05 69,20 56,72
Solvency ratio 62,69 55,36 59,19
Property
Property Yes
Property ass.
value 196.801.000
(Annual report)
Mortgaging I No
Corporate Structure
Parent
company AKTIESELSKABET AF 1.8.2000
(ID:1052357) (100%)
Subsidiaries
BESTSELLER AS
(100%)
BESTSELLER SVERIGE
AB (100%)
BESTSELLER J&J
AB (100%)
BESTSELLER
TEXTILHANDELS GMBH (100%)
BESTSELLER
BESTSELLER UNITED
INDIA PRIVATE LTD (100%)
BESTSELLER NORGE
DETALJ AS (100%)
BESTSELLER
WHOLESALE
BESTSELLER
WHOLESALE IRELAND LTD (100%)
BESTSELLER
(SCHWEIZ) AG (100%)
BESTSELLER RETAIL
DEUTSCHLAND GMBH (100%)
BESTSELLER TEKSTIL
LTD (90%)
BESTSELLER HANDELS
GMBH (100%)
BESTSELLER
WHOLESALE UK LTD (100%)
BESTSELLER RETAIL
IRELAND LTD (100%)
BESTSELLER
WHOLESALE
BESTSELLER UNITED
MIDDLE EAST LTD (100%)
BESTSELLER RETAIL
UNITED MIDDLE EAST LTD (100%)
AHPK GMBH (51%)
BESTSELLER RETAIL
Associated business
BESTSELLER RETAIL
BESTSELLER RETAIL
AS (50%)
BELOKAN OY (50%)
Secondary names(s)
BESTSELLER DANMARK
JACK & JONES
JACQUELINE DE
YOUNG
Payment profile
Payment
profile Payment regular
Credit Summary
Risk class Very low
Credit limit Estimated
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%)