MIRA
INFORM REPORT
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Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
H & M HENNES & MAURITZ NETHERLANDS BV |
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Registered Office : |
Kalverstraat 112-2HG 1012 PK Amsterdam |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
30.12.1988 |
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Legal Form : |
BV Private Company
Limited |
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Line of Business : |
Retail Trade in
Clothing for Men, Women and Children, Fashion Accessories, Cosmetics, etc. |
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 25 days beyond terms |
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Litigation : |
Clear |
name & address
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H & M Hennes
& Mauritz Netherlands BV |
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Kalverstraat
112-2HG |
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1012 PK AMSTERDAM |
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Tel.:+31
(0)20-5567777 |
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Fax.:+31
(0)20-6229846 |
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
30/12/1988 as Ltd.
Trade
register
332083110000
Capital
Nominal EUR 227.000,--
Issued and paid up EUR 45.400,--
Management
R. Eriksen, born
23/09/1944,
H.P.M. Knijnenburg, born
08/08/1963,
Suzanne Elisabeth
Maria van Bon, born 13/06/1976,
Willem Pieter
Heijsteeg, born 08/03/1966,
Susan Astrid Krau,
born 12/12/1974,
Signatory
Leif Anders Carsten
Persson, born 29/04/1952,
Activity
Retail trade in
clothing for men, women and children, fashion accessories, cosmetics, etc.
There are over 60
branches in the Netherlands.
Branch[es]:
-H & M Hennes
& Mauritz Netherlands BV,
Corio Center 22, 6411 LX HEERLEN
-H & M Hennes & Mauritz Netherlands BV,
Zuidplein Hoog 622, 3083 BN ROTTERDAM
-H & M Hennes & Mauritz Netherlands BV,
Nieuwestad 118, 8911 CZ LEEUWARDEN
-H & M Hennes & Mauritz Netherlands BV,
Rechtestraat 10, 5611 GP EINDHOVEN
-H & M Hennes & Mauritz Netherlands BV,
Kalverstraat 125, 1012 PA AMSTERDAM
-H & M Hennes & Mauritz Netherlands BV,
Kalverstraat 200, 1012 XH AMSTERDAM
-H & M Hennes & Mauritz Netherlands BV,
Kronenburgpassage
98, 6831 ES ARNHEM
-H & M Hennes
& Mauritz Netherlands BV,
Spuistraat 10, 2511 BD DEN HAAG
-H & M Hennes & Mauritz Netherlands BV,
Nieuwendijk 141, 1012 MD AMSTERDAM
-H & M Hennes & Mauritz Netherlands BV,
Walstraat 108, 4381 GS VLISSINGEN
-H & M Hennes & Mauritz Netherlands BV,
Nieuwe Markt 3, 4701 AA ROOSENDAAL
+ 52 other branchoffice[s].
Staff
1.793 employees
Turnover
From the
consolidated balance sheet of H & M Hennes & Mauritz International BV
2007 Euro 519.706.000
2006 Euro 445.248.000
2005 Euro 395.831.000
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
-H & M
Hennes & Mauritz Holding BV,
Kalverstraat 112, 1012 PK AMSTERDAM
Ultimate parent company
-H & M
Hennes & Mauritz International BV,
Kalverstraat
112, 1012 PK AMSTERDAM.
The next
financial data is extracted
from the
consolidated balance sheet of
'H & M Hennes
& Mauritz International BV'
Consolidated
net result:
2007 Euro 979.900.000
2006 Euro 763.502.000
2005 Euro 828.357.000
The
shareholders equity was as of:
30/12/2007 Euro 804.354.000
31/12/2006 Euro 743.283.000
31/12/2005 Euro 768.648.000
The working
capital was as of:
30/12/2007 Euro 151.671.000
31/12/2006 Euro 118.799.000
31/12/2005 Euro 131.903.000
H & M Hennes
& Mauritz International BV has
filed a
declaration of liability.
Website :
www.hm.com
Ultimate
parent company:
H & M
Hennes & Mauritz A.B., Stockholm - Sweden
Correspondence
address:
Postbus
10506
1001
EM AMSTERDAM
Address as suggested
by you is of a branch.
Banks
ABN-AMRO Bank NV, AMSTERDAM,
54.02.26.351
Mode
of payment
On average 25 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the consolidated balance sheet of :
H & M Hennes & Mauritz International BV
BALANCE
SHEET
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2006--- ------31-12-2007---
Intangible assets 0 0
Tangible assets 28.233 35.334
Financial assets 650.782 677.180
Miscellaneous
fixed assets 0 0
Total fixed assets 679.015 712.514
Stock 37.580 32.363
Receivables 13.590 23.159
Shares 0 0
Liquid assets 431.155 141.570
Miscellaneous
current assets 0 0
Total current
assets 482.325 197.092
Shareholders equity 743.283 804.354
Provisions 52.943 58.243
Long-term
liabilities 1.588 1.588
Current
liabilities 363.526 45.421
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.161.340 909.606
PROFIT & LOSS ACCOUNT
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2006--- ------30-12-2007---
Turnover 445.248 519.706
Other income 0 0
Total expenses 321.772 408.730
Operating profit 123.476 110.976
Balance financial
P/L 705.276 904.903
Net profit/loss 1] 828.752 1.015.879
Taxation 65.250 35.979
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 763.502 979.900
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 763.502 979.900
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2006----- -----2007-----
EQUITY
%
Equity gearing 64 88,4
Equity/outside capital 177,8 764,2
LIQUIDITY
Current ratio 1,3 4,3
Acid test 1,2 3,6
RATES OF RETURN %
Total assets 71,4 111,7
Shareholders
equity 111,5 126,3
Pre tax margin
% 186,1 195,5
Turnover rate 38,3 57,1
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 118.799 151.671
Shareholders
equity + Equalization acc. 743.283 804.354
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.96 |
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UK Pound |
1 |
Rs.80.26 |
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Euro |
1 |
Rs.63.08 |
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%)