MIRA
INFORM REPORT
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Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
BESTSELLER A/S |
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Registered Office : |
Fredskovvej 5 7330 Brande |
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Country : |
Denmark |
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Financials (as on) : |
31.07.2007 |
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Date of Incorporation : |
1984 |
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Com. Reg. No.: |
88216512 A/S |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of Clothing and Footwear |
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 : |
DK 10.000.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company ID
Main name BESTSELLER A/S
Main address FREDSKOVVEJ 5
City 7330 BRANDE
Country Denmark
Phone-no. +45-99-423200
Nat. partner ID-no. 208705
ID-/Reg.-no. 88216512 A/S
Legal form Limited company
Company Status Active
Activity
Activity 46.42 Wholesale of clothing and
footwear
No of employees empl 1373
Management Information
Management POUL
BÆKGAARD LAURSEN
ANDERS HOLCH POVLSEN
LISBETH HOLM HØJGAARD
Board of directors TROELS HOLCH POVLSEN (Chairman of the
board)
MERETE BECH POVLSEN
ANDERS HOLCH POVLSEN (Member of
the board)
JØRGEN BO TERP RASMUSSEN (Member
of the board)
FINN POULSEN (Member of the
board)
Historical Data
Established 1984
Registered 1983-04-07
Credit Facilities
Bankers NORDEA BANK
DANMARK A/S BRANDE AFDELING STOREGADE
- 30 7330
BRANDE
Financial data
Currency Danish Krone
Closing date
2007-07-31 2006-07-31 2005-07-31
Source Ann.
report Ann. report Ann. report
Turnover
7.273.777.000
6.155.586.000 4.709.053.000
Costs
6.533.824.000
5.628.875.000 4.159.401.000
Ordinary result 1.846.583.000 1.479.418.000
1.310.577.000
Tax
494.477.000
439.337.000 377.090.000
Annual result
1.352.106.000
1.040.081.000 933.487.000
<* Assets *>
Fixed assets 2.308.763.000 1.807.863.000 1.508.340.000
Current assets
2.694.659.000
2.188.333.000 1.912.591.000
<* Liabilities *>
Equity capital
3.090.883.000
2.505.310.000 1.893.949.000
Share capital
110.000.000 110.000.000 110.000.000
Short-term debts
1.893.516.000
1.478.551.000 1.519.751.000
<* Company Ratios *>
Gearing I
242,10 211,99 394,12
Acid test ratio I
142,31 148,01 125,85
Acid test ratio II
111,46 112,96 93,58
Return on investment
14,79 13,18 16,07
Return on equity
59,74 59,05 69,20
Solvency ratio
61,78 62,69 55,36
Property
Property Yes
Property ass. value 212.051.000
(Annual report)
Mortgaging I No
Corporate Structure
Parent company
AKTIESELSKABET AF 1.8.2000 (ID:1052357) (100%)
Subsidiaries
BESTSELLER AS (100%)
BESTSELLER SVERIGE AB (100%)
JACK & JONES AB (100%)
BESTSELLER TEXTILHANDELS GMBH (100%)
BESTSELLER WHOLESALE BENELUX BV (100%)
BESTSELLER UNITED INDIA PRIVATE LTD (100%)
BESTSELLER NORGE DETALJ AS (100%)
BESTSELLER
WHOLESALE FINLAND OY (100%)
BESTSELLER WHOLESALE IRELAND LTD (100%)
BESTSELLER
(SCHWEIZ) AG (100%)
BESTSELLER
RETAIL DEUTSCHLAND GMBH (100%)
BESTSELLER TEKSTIL LTD (90%)
BESTSELLER HANDELS GMBH (100%)
BESTSELLER WHOLESALE UK
LTD (100%)
BESTSELLER
RETAIL IRELAND LTD (100%)
BESTSELLER
WHOLESALE SPAIN SL (100%)
BESTSELLER
UNITED MIDDLE EAST LTD (100%)
BESTSELLER RETAIL UNITED MIDDLE EAST LTD (70%)
AHPK GMBH
(51%)
BESTSELLER
RETAIL BELGIUM BVBA (100%)
Associated business BESTSELLER
RETAIL EUROPE A/S (ID:569754) (50%)
BESTSELLER
RETAIL AS (50%)
BELOKAN OY
(50%)
Secondary names(s) BESTSELLER
DANMARK
JACK &
JONES
JACQUELINE DE
YOUNG
Payment profile
Payment profile Payment
regular
Credit Summary
Credit limit Estimated
10.000.000
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.78.86 |
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Euro |
1 |
Rs.63.33 |
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%)