MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
BREMTEX HOLDING B.V. |
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Registered Office : |
Bedrijfsweg 4 5061 JZ Oisterwijk |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
06.05.1994 |
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Legal Form : |
BV Private Company Limited |
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Line of Business : |
Holding company |
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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Maximum Credit Limit : |
EUR 500.000 |
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Status : |
Good |
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Payment Behaviour : |
Slow by 5 days |
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Litigation : |
Clear |
name & address
Bremtex Holding
B.V.
Bedrijfsweg 4
5061 JZ OISTERWIJK
Tel.:+31
(0)13-5283875
Fax.:+31
(0)13-5219425
Legal status
BV Private Company Ltd. acc. nat. law
Founded
06/05/1994 as Ltd.
Trade register
18039328
Capital
Nominal EUR 9.060.000,--
Issued and paid up EUR 7.393.900,--
Management
J.C.C.A. Eberson, born 01/02/1958, Klompven 22,
5062 AJ OISTERWIJK
-Bremtex Group BV,
Bedrijfsweg 4, 5061 JZ
OISTERWIJK
Activity
Holding company.
Staff
No other employees
Turnover
From the consolidated balance sheet of
Bremtex Holding B.V.
2004
Euro 61.375.570
2003
Euro 66.749.795
2002
Euro 50.437.542
Real estate
The business premises at the mentioned
address has been rented by the company, as far as we know.
Finances
See balance sheet
The last available balance sheet is
attached.
A more recent balance sheet is not available.
Remarks
Subsidiary company of
-Bremtex Group BV,
Bedrijfsweg 4,
5061 JZ OISTERWIJK
Subsidiary[ies]:
-Bremtex BV,
Bedrijfsweg 4,
5061 JZ OISTERWIJK
The next financial data is extracted from
the consolidated balance sheet of
'Bremtex Holding B.V. '
Consolidated net result:
2004 Euro 1.964.732
2003 Euro 3.266.299
2002 Euro 2.270.331
The shareholders equity was as of:
31/12/2004 Euro 14.652.239
31/12/2003 Euro 14.305.470
31/12/2002 Euro 10.619.074
The working capital was as of:
31/12/2004 Euro 17.283.880
31/12/2003 Euro 13.389.332
31/12/2002 Euro 9.163.846
Subsidairies are engaged in the wholesale
business andagency trade in socks, panties and night wear.
Correspondence address:
Postbus 12
5060 AA
OISTERWIJK
Subsidiary:
Breitex NV, Belgium
In spite of the legal obligation did subject
matter not yet file the 2005 accounts.
No declaration of liability has been filed
for subject matter.
Banks
ABN-AMRO NV, Oisterwijk
Mode of payment
On average 5 days beyond terms.
Credit demand
No objections against entering into a business relationship. With regard to the above mentioned information, we recommend you to follow the course of business.A maximum credit limit of EUR 500.000 is advised
The
following financial data is retrieved from the consolidated balance sheet of :
Bremtex Holding B.V.
Bedrijfsweg 4, 5061 JZ OISTERWIJK
Trade register 18039328
BALANCE SHEET
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2003--- ------31-12-2004---
Intangible assets 351.974 98.173
Tangible assets 1.282.632 1.341.783
Financial assets 70.637 61.778
Miscellaneous
fixed assets 0 0
Total fixed assets 1.705.243 1.501.734
Stock 11.631.030 14.065.577
Receivables 15.834.150 22.386.382
Shares 0 0
Liquid assets 422.063 710.932
Miscellaneous
current assets 0 0
Total current assets 27.887.243 37.162.891
Shareholders equity 14.058.177 14.652.239
Provisions 189.105 283.375
Long-term
liabilities 600.000 3.850.000
Current
liabilities 14.497.911 19.879.011
Minority interests 247.293 0
Miscellaneous
liabilities 0 0
Total liabilities 29.592.486 38.664.625
PROFIT & LOSS ACCOUNT
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2003--- ------31-12-2004---
Turnover 66.749.795 61.375.570
Other income 747.427 417.576
Total expenses 62.368.752 58.700.912
Operating profit 5.128.470 3.092.234
Balance financial
P/L -628.277 -460.976
Net profit/loss 1] 4.500.192 2.631.258
Taxation 1.538.801 838.793
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 2.961.391 1.792.465
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L
2] 0 0
Res. sub.
companies 2] 0 0
Minority interests -304.907 -172.267
Miscellaneous P/L 0 0
Net result 3.266.299 1.964.732
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2003----- -----2004-----
EQUITY %
Equity gearing 48,3 37,9
Equity/outside
capital 90,5 61
LIQUIDITY
Current ratio 1,9 1,9
Acid test 1,1 1,2
RATES OF RETURN %
Total assets 15,2 6,8
Shareholders equity 31,5 18
Pre tax
margin % 6,7 4,3
Turnover rate 225,6 158,7
(x
1) (x 1)
-------------------- --------------------
Working capital 13.389.332 17.283.880
Shareholders equity + Equalization acc. 14.305.470 14.652.239
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. |
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%)