MIRA
INFORM REPORT
|
Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SCAPINO B.V. |
|
|
|
|
Registered Office : |
Industrieweg 28 9403 AB Assen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
07.11.1975 |
|
|
|
|
Legal Form : |
BV Private Company |
|
|
|
|
Line of Business : |
Retail Trade in Sports
Shoes and Sportswear. |
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 |
|
Maximum Credit Limit : |
EUR 500.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Average 5 days beyond terms |
|
|
|
|
Litigation : |
Clear |
name & address
Scapino B.V.
Industrieweg 28
9403 AB ASSEN
Tel.:+31
(0)592-340042
Fax.:+31
(0)592-344904
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
07/11/1975 as Ltd.
Trade
register
04022781
Capital
Nominal EUR 90.000,--
Issued and paid up EUR 18.000,--
Management
Steven Jan Willem de Raat, born 28/07/1957,
DR. A. Scheygrondlaan 10, REEUWIJK
Roelof Pothof, born 16/11/1959, Klaverkampen
22, 9481 JN VRIES
Activity
Retail trade in sports shoes and sportswear.
Branch[es]:
-Scapino B.V.,
Corio Center 39,
6411 LX HEERLEN
-Scapino B.V.,
Stationsstraat 55-59, 5281 GB BOXTEL
-Scapino B.V.,
Heiligeweg 71-73, 1561 DG KROMMENIE
-Scapino B.V.,
De Dellen 14, 9231 EB SURHUISTERVEEN
-Scapino B.V.,
Raadhuisplein 58, 2922 AH KRIMPEN AAN DEN IJSSEL
-Scapino B.V.,
Dierenriemstraat 200A, 9742 AM GRONINGEN
-Scapino B.V.,
Walstraat 32, 5341 CK OSS
-Scapino B.V.,
Wilhelminastraat 24, 7721 CH DALFSEN
-Scapino B.V.,
Plein 18, 3861 AB NIJKERK GLD
-Scapino B.V.,
Stationsstraat 27, 6001 CJ WEERT
-Scapino B.V.,
Nieuwstraat 26, 5421 KP GEMERT
+ 112 other branchoffice[s].
Staff
1.009 employees
Turnover
From the consolidated
balance sheet of Macintosh Retail Group N.V.
2007 Euro 920.285.000
2006 Euro 983.838.000
2005 Euro 817.579.000
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
See balance sheet
Remarks
Subsidiary company
of
-Macintosh
Retail Group N.V.,
Parkweg 20,
6212 XN MAASTRICHT
The next
financial data is extracted
from the
consolidated balance sheet of
'Macintosh
Retail Group N.V.'
Consolidated
net result:
2007 Euro 54.515.000
2006 Euro 46.004.000
2005 Euro 32.870.000
The
shareholders equity was as of:
31/12/2007 Euro 198.707.000
31/12/2006 Euro 169.183.000
31/12/2005 Euro 139.658.000
The working
capital was as of:
31/12/2007 Euro 105.974.000
31/12/2006 Euro 165.205.000
31/12/2005 Euro 100.151.000
Website :
www.scapino.nl
Subject
matter concerns a chain of stores with
low costs
clothing, shoes, etc. There are around
200 shops
at present in the Netherlands as well as some
25 shops in
Belgium and around 10 in Germany.
Correspondence
address:
Postbus 250
9400
AG ASSEN
A
declaration of liability has been issued by
Macintosh
Retail Group N.V.
The Scapino
chain generated a profit of about EUR 9.000.000,-
during
2006.
Macintosh Retail
Group N.V. acquired subject matter
on
01.02.2006.
Banks
ING Bank, Assen, 65.47.11.011
VAT-nr.
NL003531302B01
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 consolidated balance sheet of :
Macintosh Retail Group N.V.
BALANCE
SHEET
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2006--- ------31-12-2007---
Intangible assets 109.106 108.570
Tangible assets 77.787 81.523
Financial assets 5.683 3.600
Miscellaneous fixed assets 0 1.371
Total fixed assets 192.576 195.064
Stock 152.545 158.966
Receivables 35.240 36.391
Shares 0 721
Liquid assets 8.652 12.034
Miscellaneous current assets 75.754 0
Total current assets 272.191 208.112
Shareholders
equity 169.183 198.707
Provisions 21.306 0
Long-term liabilities 96.972 102.331
Current liabilities 106.986 102.138
Minority interests 0 0
Miscellaneous
liabilities 70.320 0
Total liabilities 464.767 403.176
PROFIT
& LOSS ACCOUNT
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2006--- ------31-12-2007---
Turnover 983.838 920.285
Other income 0 0
Total expenses 916.706 853.381
Operating profit 67.132 66.904
Balance financial P/L -6.772 -4.700
Net profit/loss 1] 60.360 62.204
Taxation 14.356 14.725
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 46.004 47.479
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 7.036
Net result 46.004 54.515
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2006----- -----2007-----
EQUITY
%
Equity gearing 36,4 49,3
Equity/outside capital 57,2 97,2
LIQUIDITY
Current ratio 2,5 2
Acid test 1,1 0,5
RATES OF RETURN %
Total assets 13 15,4
Shareholders
equity 35,7 31,3
Pre tax margin
% 6,1 6,8
Turnover rate 211,7 228,3
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 165.205 105.974
Shareholders
equity + Equalization acc. 169.183 198.707
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)