MIRA
INFORM REPORT
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Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
BRISTOL B.V. |
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Registered Office : |
Leeweg 2 1161 AB Zwanenburg |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
16.02.1885 |
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Legal Form : |
BV Private Company Limited |
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Line of Business : |
Chain of Retail shops in Clothing and Shoes |
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 15 days beyond terms |
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Litigation : |
Clear |
name & address
Bristol B.V.
Leeweg 2
1161 AB ZWANENBURG
Tel.:+31
(0)20-4076666
Fax.:+31
(0)20-4977116
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
16/02/1885, Ltd. since
12/09/1972
Trade
register
34056288
Capital
Nominal EUR 227.000,--
Issued and paid up EUR 45.400,--
Management
P.D.F. van
Audenhove, born 24/08/1954, BELGIE
B. Rayen, born 22/03/1963, BELGIE
B.L.C. Buelens, born
26/02/1965, BELGIE
Commissioner
L.C.D. Vanaudenhove,
born 11/01/1942, BELGIE
K.M.L. Vanaudenhove,
born 15/11/1953, BELGIE
Signatory
R.J.W.J. Kuijten,
born 29/03/1944, Wederikhof 6, 2215 GJ VOORHOUT
Activity
Chain of retailshops
in clothing and shoes.
Branch[es]:
-Bristol B.V,
Zaagmolen 29 , 9401 BR ASSEN
-Bristol B.V,
Pastoor de Kroonstraat 130-134 , 5211 SR `S-HERTOGENBOSCH
-Bristol B.V,
Van Konijnenburgweg 63-73 , 4612 PL BERGEN OP ZOOM
-Bristol B.V,
Langestraat 109 , 1811 JE ALKMAAR
-Bristol B.V,
Langegracht 5 ,
2312 NV LEIDEN
-Bristol
B.V,
Tramsingel
74 , 4814 AD BREDA
-Bristol
B.V,
Zuiderterras 140 , 3083 BZ ROTTERDAM
-Bristol B.V,
Vlamingstraat 24 , 2511 BB `S-GRAVENHAGE
-Bristol B.V,
Kuilenstraat 75 , 6231 AV MEERSSEN
-Bristol B.V,
Achter de Houttuinen 14 , 4331 NJ MIDDELBURG
-Bristol B.V,
Willem van Weldammelaan 11 , 1082 KT AMSTERDAM
+ 30 other branchoffice[s].
Trade name:
-Bristol
City
-Euro Shoe
Nederland
Staff
901 employees
Real estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
See accounts.
Remarks
Subsidiary company of
-Euro Shoe
Nederland BV,
Leeweg 2, 1161
AB ZWANENBURG
Ultimate parent
company
-Euro Shoe
Unie NV,
Lochtemanweg
15, 3580 Beringen.
Website :
www.bristol.nl
A
declaration of liability has been filed by Euro
Shoe Unie
NV, the ultimate parent company.
Correspondence
address:
PO box 173
1160 AD
Zwanenburg
There are
over 130 branches; subject matter is specialized
in low
priced articles.
Banks
ABN-AMRO NV,
Amsterdam
Mode
of payment
On average 15 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 :
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 870.007 4.725.991
Tangible assets 70.988.996 59.050.989
Financial assets 24.490.988 12.665.996
Miscellaneous fixed assets 0 0
Total fixed assets 96.349.991 76.443.992
Stock 30.982.997 30.373.997
Receivables 8.639.015 29.494.000
Shares 0 0
Liquid assets 733.988 723.006
Miscellaneous current assets 0 0
Total current
assets 40.356.000 60.591.003
Shareholders
equity 38.175.999 42.521.003
Provisions 1.994.006 3.509.007
Long-term liabilities 20.965.000 52.341.007
Current liabilities 75.571.011 38.663.011
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 134.712.009 133.524.997
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 124.977.999 124.483.006
Other income 10.302.009 11.691.997
Total expenses 131.770.009 133.797.010
Operating profit 3.509.999 2.377.993
Balance financial P/L -2.550.006 -3.066.988
Net profit/loss 1] 959.992 -688.995
Taxation 0 992
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 959.992 -689.987
Balance extraordinary P/L -22.527.994 7.620.991
Taxation 0 0
Extraordinary P/L 2] -22.527.994 7.620.991
Res. sub. companies 2] 0 0
Minority interests 61.007 0
Miscellaneous P/L 0 0
Net result 21.474.991 674.989
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 27,9 31
Equity/outside capital 38,7 45
LIQUIDITY
Current ratio 0,5 1,6
Acid test 0,1 0,8
RATES OF RETURN %
Total assets 0,7 -0,5
Shareholders
equity 2,5 -1,6
Pre tax margin
% 0,8 -0,6
Turnover rate 91,4 90,8
(x
1) (x 1)
-------------------- --------------------
Working capital -35.215.011 21.927.992
Shareholders
equity + Equalization acc. 38.175.999 42.521.003
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%)