MIRA INFORM REPORT
|
Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
LEEN BAKKER NETHERLANDS B.V. |
|
|
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Registered Office : |
Karperweg 3, 4941sh Raamsdonksveer |
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|
|
|
Country : |
Netherlands |
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|
|
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Financials (as on) : |
30.01.2010 |
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|
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Date of Incorporation : |
20.06.1974 |
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Com. Reg. No.: |
18118971 |
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Legal Form : |
Limited Company |
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|
|
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Line of Business : |
Activities of holding
companies |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
€ 500.000 |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com while quoting
report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Netherlands |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CONTACTINFORMATION
|
Company name |
Leen
Bakker Netherlands B.V. |
|
Tradename |
Leen Bakker Netherlands B.V. |
|
|
Lydia Bakker |
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|
Leen Bakker |
|
|
Leen Bakker Groothandel |
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Address |
Karperweg 3 |
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|
4941SH RAAMSDONKSVEER |
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|
Netherlands |
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Mail address |
Postbus 43 |
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|
4940AA RAAMSDONKSVEER |
|
|
Netherlands |
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Telephone number |
0162583100 |
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Telefax number |
0162516522 |
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E-mail address |
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|
Website |
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|
Branch(es) |
116 branches |
CREDIT LIMIT
|
Credit limit |
A credit of € 500.000 may be
granted |
COMPANY INFORMATION
Handelsregisternummer 18118971
Registered in Chamber of commerce
Zuidwest-Netherlands
Act of foundation 20-06-1974
Date of constitution 20-06-1974
Last change in statutes 13-01-2003
Legal form Besloten
Vennootschap (Limited Company)
Place of constitution Raamsdonksveer
Capital 90.000
Issued capital 18.000
Paid up capital 18.000
NACE-code Activities of holding
companies (none financial holding) (7415)
SBI-code Activities of holding
companies (none financiele) (70102)
Formal objective Centraal beheer van alle filialen (winkels,
waarin de detailhandel wordt uitgeoefend).
(Centralized control of all branches (stores, where retail
is exercised).)
COMPANY STRUCTURE
Shareholder
Leen Bakker
Holding B.V.
Karperweg 3
4941SH RAAMSDONKSVEER
Netherlands KvK: 18119899
Percentage: 100.00%
Ultimate parent company Blokker Holding B.V. Naarderstraat
50
1251BD Laren nh KvK: 33134943
Holding Company Leen Bakker Holding B.V.
Karperweg 3
4941SH RAAMSDONKSVEER
KvK: 18119899
Liability declaration Blokker Holding B.V.
(33134943)
Naarderstraat 50
1251BD Laren nh
Bankers ABN
Amro Bankers NV
F. van
Lanschot Bankiers NV
ING Bankers
NV
Real estate Group-property
owned
The real estate is checked at the land registration
office
Object code: RAAMSDONK K 2581
Owner: BEHEER- EN HANDELMAATSCHAPPIJ BLOKKER BV
Description: Karperweg 3
MANAGEMENT
Management Leen Bakker Holding B.V.
Karperweg 3
4941SH RAAMSDONKSVEER
Netherlands
KvK: 18119899
Authorization: Fully authorized
Position: Manager
Date appointed: 01-01-1996
PAYMENT INFORMATION
Payment
experiences According to terms
Payments Based on multiple payment
experiences up to € 50.000
·
Quarter:
4 2010: 56 Average days
·
Quarter:
1 2011: 48 Average days
·
Quarter:
2 2011: 40 Average days
·
Quarter:
3 2011: 38 Average days
|
|
invoices |
current quarter |
2011 Q2 |
2011 Q1 |
2010 Q4 |
|
|
Total |
993 |
100% |
1.340.573 |
1.439.971 |
1.532.220 |
1.592.495 |
|
Within terms |
797 |
86,0% |
1.153.424 |
1.077.374 |
1.013.999 |
925.274 |
|
Delayed 0 - 30 |
150 |
12,7% |
170.855 |
292.893 |
439.339 |
610.194 |
|
Delayed 31 - 60 |
8 |
0,0% |
|
23.148 |
46.295 |
|
|
Delayed 61 - 90 |
3 |
0,0% |
|
38.409 |
|
|
|
Delayed 91 - 120 |
|
0,5% |
6.518 |
3.259 |
13.035 |
22.811 |
|
Delayed 120+ days |
21 |
0,7% |
9.776 |
4.888 |
19.552 |
34.216 |
FINANCIAL INFORMATION
|
Type of publication |
Consolidated |
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|
Annual accounts van |
Blokker Holding B.V. |
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Naarderstraat 50 |
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1251BD Laren nh |
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KvK: 33134943 |
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Publication |
Steady |
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CORE
FIGURES |
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BOOKYEAR |
2010 |
2009 |
2008 |
|
|
Quick ratio |
0,75 |
0,95 |
0,82 |
|
|
Current ratio |
2,49 |
3,34 |
3,13 |
|
|
Nett workingcapital / Balance
total |
0,38 |
0,46 |
0,44 |
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Capital and reserves / Balance
total |
0,52 |
0,52 |
0,49 |
|
|
Capital and reserves / Fixed
assets |
1,40 |
1,50 |
1,40 |
|
|
Solvency |
1,22 |
1,66 |
1,42 |
|
|
Nett workingcapital |
347.719.000 |
424.929.000 |
388.455.000 |
|
|
Capital and reserves |
479.968.000 |
483.854.000 |
430.671.000 |
|
|
Change capital and reserves |
-0,80% |
12,35% |
4,16% |
|
|
change short term liabilities |
28,93% |
-0,51% |
-29,30% |
|
|
Nett Turnover |
2.759.545.000 |
2.777.804 |
---- |
|
|
Operating profit |
215.867.000 |
219.012 |
---- |
|
Annual accounts The published financial
information is the consolidated group information.
Last annual accounts 2010
Type of publication Consolidated
Turnover 2010:
2.759.545.000
2009: 2.777.804.000
2008: 2.711.185.000
2007: 2.711.185.000
2006:2.494.998.000
Gross profit 2007 : 795.844.000
2006 : 735.596.000
Operating profit 2010: 215.867.000
2009 :219.012.000
2008:242.698.000
2007:242.698.000
2006 :200.549.000
Result after taxes 2010: 158.114.000
2009:156.183.000
2008:179.195.000
2007:179.195.000
2006:144.110.000
Tendency Constant
Tendency
capital and reserves
Capital and reserves 2010 479.968.000
Total debt 2010
443.471.000
Current ratio 2010 2,49
Quick ratio 2010 0,75
Nett workingcapital 2010 347.719.000
Profitability
Positive
Solvency
Positive
Liquidity
Positive
BALANCE sheet
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
30-01-2010 |
24-01-2009 |
31-01-2008 |
|
Intangible assets |
|
1.136.000 |
1.204.000 |
|
Land and buildings |
|
200.329.000 |
|
|
Other tangible assets |
|
120.108.000 |
|
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Tangible assets |
339.933.000 |
320.437.000 |
305.424.000 |
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Related companies |
|
2.022.000 |
|
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Financial assets |
2.140.000 |
2.022.000 |
1.745.000 |
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Fixed assets |
342.073.000 |
323.595.000 |
308.373.000 |
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|||
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Stocks and work in
progress |
406.147.000 |
434.307.000 |
420.652.000 |
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Trade debtors |
|
31.549.000 |
34.059.000 |
|
Other amounts receivable |
|
52.437.000 |
38.594.000 |
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Accounts receivable |
109.632.000 |
83.986.000 |
72.653.000 |
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Liquid assets |
65.587.000 |
45.579.000 |
41.426.000 |
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Other current assets |
|
42.284.000 |
|
|
Deferred charges and
accrued |
|
|
35.874.000 |
|
income |
|
|
|
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Current assets |
581.366.000 |
606.156.000 |
570.605.000 |
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Total assets |
923.439.000 |
929.751.000 |
878.978.000 |
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|
|||
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Capital and reserves |
479.968.000 |
483.854.000 |
430.671.000 |
|
Provisions |
49.160.000 |
48.750.000 |
54.262.000 |
|
Long term liabilities |
160.664.000 |
111.130.000 |
121.707.000 |
|
Trade debts suppliers |
94.726.000 |
107.069.000 |
95.504.000 |
|
Taxes, remuneration &
soc.security |
|
72.608.000 |
84.927.000 |
|
Other short term debts |
138.921.000 |
1.550.000 |
1.719.000 |
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Total short term debt |
233.647.000 |
181.227.000 |
182.150.000 |
|
Other liabilities |
|
|
90.188.000 |
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Deferred charges and
accrued |
|
104.790.000 |
|
|
income |
|
|
|
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Total debt |
443.471.000 |
445.897.000 |
448.307.000 |
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Total Liabilities |
923.439.000 |
929.751.000 |
878.978.000 |
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PROFIT
& LOSS ACCOUNT |
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|
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BOOKYEAR |
2010 |
2009 |
|
|
Turnover |
2.759.545.000 |
|
|
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Nett Turnover |
2.759.545.000 |
2.777.804 |
|
|
Cost of sales |
|
1.964.830 |
|
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Gross profit |
|
812.974 |
|
|
Wages employees |
482.085.000 |
|
|
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Sales costs |
|
519.415 |
|
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Depreciation and
amortization |
78.791.000 |
|
|
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Raw materials |
1.926.497.000 |
|
|
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Other operating charges |
56.305.000 |
74.547 |
|
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Operating charges |
2.543.678.000 |
593.962 |
|
|
Operating profit |
215.867.000 |
219.012 |
|
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Financial income |
2.586.000 |
6.304 |
|
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Financial charges |
6.905.000 |
11.621 |
|
|
Financial result |
-4.319.000 |
-5.317 |
|
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Result before taxes |
211.548.000 |
213.695 |
|
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Income taxes |
53.434.000 |
57.512 |
|
|
Result after taxes |
158.114.000 |
156.183 |
|
|
Nett result |
158.114.000 |
156.183 |
|
History
Consent
statements Over bookyear
2011 a consent agreement is filed
Over
bookyear 2010 a consent agreement is filed
Over
bookyear 2009 a consent agreement is filed
Over
bookyear 2008 a consent agreement is filed
Company structure
Blokker Holding B.V.
(33134943)
Laren nh
Blokker Smits Franchise
B.V. (10024832)
NIJMEGEN
Subsidiary (100%)
Xenos Holding B.V.
(16071635)
WAALWIJK
Subsidiary
Xenos B.V. (16032653)
WAALWIJK Subsidiary (100%)
Hoyng Netherlands B.V.
(17006023)
Waalwijk
Subsidiary (100%)
Leen Bakker Holding B.V.
(18119899)
RAAMSDONKSVEER
Subsidiary (100%)
Leen Bakker Netherlands
B.V. (18118971)
RAAMSDONKSVEER
Subsidiary (100%)
Casa Holding B.V.
(20057595)
LAREN NH
Subsidiary (100%)
De Marskramer B.V.
(29022972)
GOUDA
Subsidiary (100%)
Intertoys Holland B.V.
(29027869)
WADDINXVEEN
Subsidiary (100%)
Groenblok B.V. (30117956)
UTRECHT
Subsidiary (100%)
Tuincentrum Overvecht
Boxmeer B.V. (16062250)
BEUGEN
Subsidiary (100%)
Tuincentrum Overvecht
Tilburg B.V. (18035360)
TILBURG
Subsidiary (100%)
Tuincentrum Overvecht
Wateringen B.V. (27146749)
'S-GRAVENHAGE
Subsidiary (100%)
Tuincentrum Overvecht
Utrecht B.V. (30042865)
UTRECHT Subsidiary (100%)
Tuincentrum Overvecht
Montfoort B.V. (30084380)
MONTFOORT
Subsidiary (100%)
Leyinvest B.V. (32069770)
LAREN NH
Subsidiary (100%)
Handelsonderneming Novalux
B.V. (33097830)
AMSTERDAM
Subsidiary (100%)
Electroblok B.V. (33109100)
AMSTERDAM
Subsidiary (100%)
Blokker B.V. (33147847)
AMSTERDAM
Subsidiary (100%)
Tendency Center B.V.
(33150710)
AMSTERDAM
Subsidiary (100%)
Houthoorn B.V. (33169043)
AMSTERDAM
Subsidiary (100%)
Financieringsmaatschappij
Klimroos B.V. (33174813)
AMSTERDAM
Subsidiary (100%)
Geranium B.V. (33174816)
AMSTERDAM
Subsidiary (100%)
Gerbera B.V. (33174817)
AMSTERDAM
Subsidiary (100%)
Giraffe B.V. (33184624)
AMSTERDAM
Subsidiary (100%)
Family Shop B.V. (33193542)
GOUDA
Subsidiary (100%)
Zeilhoorn B.V. (33201059)
AMSTERDAM
Subsidiary (100%)
Jungerhans B.V. (33239876)
AMSTERDAM
Subsidiary (100%)
Stijns en Co. B.V.
(33263282)
AMSTERDAM
Subsidiary (100%)
Schotbel B.V. (33294749)
AMSTERDAM
Subsidiary (100%)
Bart Smit Beheer B.V.
(36020558)
VOLENDAM
Subsidiary (100%)
Gameshop Utrecht B.V.
(30117733)
VOLENDAM
Subsidiary
Speelgoedpaleis Bart Smit
B.V. (36009388)
VOLENDAM
Subsidiary (100%)
Oranje Boven
Participation B.V. (32090491)
LAREN NH
Management
relation
Nachthoorn
B.V. (33167497)
LAREN NH
Several
liability relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.06 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.
s