MIRA
INFORM REPORT
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Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SCHOENENREUS BV |
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Registered Office : |
Belgenlaan 1 5406 XN UDEN |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
12.12.1968 |
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Legal Form : |
BV Private Company Ltd. |
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Line of Business : |
Retail Trade in Shoes and Related Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 500.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Average 5 days beyond terms |
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Litigation : |
Clear |
name & address
Schoenenreus BV
Belgenlaan 1
5406 XN UDEN
Tel.:+31
(0)413-336699
Fax.:+31
(0)413-336600
Legal status
BV Private Company Ltd. acc. nat. law
Founded
12/12/1968, Ltd. since 07/12/1979
Trade register
16040333
Capital
Nominal EUR 106.200,--
Issued and paid up EUR 34.200,--
Management
Fredericus Josephus Hendrikus Maria Viguurs,
born 17/01/1948, Houtstraat 17, 5482 MA SCHIJNDEL
-European Retail Shoe Company BV,
Belgenlaan 1, 5406 XN UDEN
Activity
Retail trade in shoes and related products.
Holding company.
Branch[es]:
-Schoenenreus BV,
Molenstraat 20, 7551 DC HENGELO OV
-Schoenenreus BV,
Keizerserf 21, 7442 MG NIJVERDAL
-Schoenenreus BV,
Grotestraat 38, 6711 AM EDE GLD
-Schoenenreus BV,
Vijzelstraat 1, 6811 ES ARNHEM
-Schoenenreus BV,
Voorstad 21, 4001 LS TIEL
-Schoenenreus BV,
Lage Bisschopstraat 69, 7411 KJ DEVENTER
-Schoenenreus BV,
Grotestraat 9, 8102 CD RAALTE
-Schoenenreus BV,
Schapenmarkt 19, 5211 ES DEN BOSCH
-Schoenenreus BV,
Marktstraat 41, 5401 GG UDEN
-Schoenenreus BV,
Oude Ebbingestraat 54, 9712 HL GRONINGEN
-Schoenenreus BV,
Grotestraat
65, 7607 CD ALMELO
+ 185 other
branchoffice[s].
Staff
785 employees
Turnover
Net turnover:
2006
Euro 90.420.323
2005
Euro 88.732.764
2004
Euro 86.736.514
Real estate
The business premises at the mentioned
address has been rented by the company, as far as we know.
Fnances
See balance sheet
Remarks
Subsidiary company of
-European Retail
Shoe Company BV,
Belgenlaan 1, 5406
XN UDEN
Net result:
2006 Euro 2.762.958
2005 Euro 2.983.604
2004 Euro 2.283.039
The shareholders equity was as of:
31/12/2006 Euro 14.198.115
31/12/2005 Euro 11.435.157
31/12/2004 Euro 8.451.553
The working capital was as of:
31/12/2006 Euro 14.255.298
31/12/2005 Euro 13.598.408
31/12/2004 Euro 13.892.333
Website:www.schoenenreus.com
Import: (60%) Brasil, China, Taiwan, France, Germany
Hong Kong, India, Italy, Portugal, Vietman, Spain and
Thailand.
Correspondence address:
Postbus 72
5400 AB Uden
Subject matter contains a large chain of shops selling
"afordable" shoes.
Banks
Rabobank, UDEN, 15.19.38.664
VAT-nr.
NL006144652B02
Mode of payment
On average 5 days beyond terms.
Credit demand
No objections against entering into a business relationship.
A maximum credit limit of EUR 500.000
is advised
The following
financial data is retrieved from the corporate balance sheet of :
Schoenenreus BV
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 22.222 19.444
Tangible assets 4.903.567 4.490.335
Financial assets 72.360 61.160
Miscellaneous
fixed assets 0 0
Total fixed assets 4.998.149 4.570.939
Stock 12.217.106 14.298.091
Receivables 1.356.484 1.202.803
Shares 0 0
Liquid assets 7.177.315 5.981.782
Miscellaneous
current assets 0 0
Total current assets 20.750.905 21.482.676
Shareholders equity 11.435.157 14.198.115
Provisions 68.086 30.400
Long-term
liabilities 7.093.314 4.597.722
Current
liabilities 7.152.497 7.227.378
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 25.749.054 26.053.615
PROFIT & LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 88.732.764 90.420.323
Other income 0 0
Total expenses 84.104.290 86.288.243
Operating profit 4.628.474 4.132.080
Balance financial
P/L -277.931 -190.661
Net profit/loss 1] 4.350.543 3.941.419
Taxation 1.366.939 1.178.461
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 2.983.604 2.762.958
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L
2] 0 0
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 2.983.604 2.762.958
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 44,4 54,5
Equity/outside
capital 79,9 119,8
LIQUIDITY
Current ratio 2,9 3
Acid test 1,2 1
RATES OF RETURN %
Total assets 16,9 15,1
Shareholders equity 38 27,8
Pre tax margin % 4,9 4,4
Turnover rate 344,6 347,1
(x
1) (x 1)
-------------------- --------------------
Working capital 13.598.408 14.255.298
Shareholders equity + Equalization acc. 11.435.157 14.198.115
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%)