MIRA
INFORM REPORT
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Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHOEBY FRANCHISE BV |
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Registered Office : |
Middelweg 34 5253 CA
Nieuwkuijk |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
27.06.1995 |
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Legal Form : |
BV Private Company
Limited |
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Line of Business : |
Wholesale business in
Textiles and related Articles; Franchise Organization |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Average 40 days beyond terms |
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Litigation : |
Clear |
name & address
Shoeby Franchise
BV
Middelweg 34
5253 CA NIEUWKUIJK
Tel.:+31
(0)73-5118019
Fax.:+31
(0)73-5113078
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
27/06/1995 as Ltd.
Trade
register
16078843
Capital
Nominal EUR 45.378,--
Issued and paid up EUR 18.151,--
Management
-Shoeby-Shop Holding
BV,
Middelweg 34, 5253 CA NIEUWKUIJK
Signatory
Johannes Jan den Arend,
born 06/07/1961, Zwaluwhof 23, 2841 NX MOORDRECHT
Activity
Wholesale business
in textiles and related articles; franchise organization.
Staff
77 employees
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
-Shoeby-Shop
Holding BV,
Middelweg
34, 5253 CA NIEUWKUIJK
Ultimate
parent company
-Shoeby
Retail Group BV,
Middelweg 34, 5253 CA NIEUWKUIJK.
Net result:
2006 Euro 1.349.334
2005 Euro 1.323.293
2004 Euro 1.254.951
The
shareholders equity was as of:
31/12/2006 Euro 5.131.891
31/12/2005 Euro 3.782.557
31/12/2004 Euro 2.459.264
The working
capital was as of:
31/12/2006 Euro 3.735.230
31/12/2005 Euro 2.691.830
31/12/2004 Euro 1.651.911
Website : www.shoeby.nl
Banks
ING Bank, Sint Oedenrode
VAT-nr.
NL803925207B01
Mode
of payment
On average 40 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Shoeby Franchise BV
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 1.090.727 1.396.661
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 1.090.727 1.396.661
Stock 1.167.723 2.137.542
Receivables 3.532.725 4.820.841
Shares 0 0
Liquid assets 2.922.090 3.878.247
Miscellaneous current assets 0 0
Total current assets 7.622.538 10.836.630
Shareholders
equity 3.782.557 5.131.891
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 4.930.708 7.101.400
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 8.713.265 12.233.291
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 0 0
Other income 0 0
Total expenses 0 0
Operating profit 1.916.667 1.916.667
Balance financial P/L 0 0
Net profit/loss 1] 1.916.667 1.916.667
Taxation 593.374 567.333
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 1.323.293 1.349.334
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 1.323.293 1.349.334
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 43,4 42
Equity/outside capital 76,7 72,3
LIQUIDITY
Current ratio 1,5 1,5
Acid test 1,3 1,2
RATES OF RETURN %
Total assets 22 15,7
Shareholders
equity 50,7 37,3
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 2.691.830 3.735.230
Shareholders
equity + Equalization acc. 3.782.557 5.131.891
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.39 |
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%)