MIRA INFORM REPORT
|
Report Date : |
10.12.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
SCOTCH & SODA B.V. |
|
|
|
|
Registered Office : |
Jacobus Spijkerdreef 20
-24, 2132pz Hoofddorp |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
18.10.2001 |
|
|
|
|
Com. Reg. No.: |
34163543 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of outerwear |
|
|
|
|
No. of Employees
: |
60 persons |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
500.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Netherlands |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CONTACT INFORMATION
|
Company name |
Scotch
& Soda B.V. |
|
Tradename |
Scotch & Soda B.V. |
|
Address |
Jacobus Spijkerdreef 20
-24 2132PZ HOOFDDORP Netherlands |
|
Mail address |
Jacobus Spijkerdreef 20
-24 2132PZ HOOFDDORP Netherlands |
|
Telephone number |
0235611111 |
|
Telefax number |
0235641589 |
|
E-mail address |
|
|
Website |
|
|
Branch(es) |
Scotch & Soda B.V.
(34163543.0001) Keizersgracht 22 1015CR AMSTERDAM |
CREDIT LIMIT
|
Credit limit |
A credit of € 500.000 may
be granted |
COMPANY INFORMATION
|
Handelsregisternummer |
34163543 |
|
Registered in |
Chamber of commerce
Amsterdam |
|
First registration |
18-10-2001 |
|
Act of foundation |
10-10-2001 |
|
Date of constitution |
2001 |
|
Last change in statutes |
16-07-2002 |
|
Legal form |
Besloten Vennootschap
(Limited Company) |
|
Capital |
90.000 |
|
|
Issued capital |
18.000 |
|
|
Paid up capital |
18.000 |
|
|
NACE-code |
Wholesale
of outerwear (51421) |
|
SBI-code |
Wholesale
of outerwear (46421) |
|
Formal objective |
De groothandel in, het vervaardigen of het doen
vervaardigen van alle goods en artikelen op het gebied van textiel en het
vertegenwoordigen van buitenlandse fabrieken van deze artikelen (The wholesale, manufacturing or doing manufacturing all goods and articles in the field of textiles and representing foreign manufacturers of these items) |
|
Employees |
Total:
60 |
|
|
|
|
Bookyear |
|
2009 |
2008 |
2007 |
|
Number |
|
60 |
54 |
54 |
|
Change |
|
11,11% |
0,00% |
-16,92% |
COMPANY STRUCTURE
Shareholder Scotch
& Soda Holding B.V.
Jacobus Spijkerdreef 20
2132PZ HOOFDDORP
Netherlands
KvK: 34260034
Active since: 31-05-2007
Percentage: 100.00%
Ultimate shareholder/ manager Bijlsma Beheer B.V.
Catharina van Renneslaan 9
1217CW HILVERSUM
Netherlands
KvK: 30128436
Vidamia B.V. Nicolaas Beetslaan 8
2111AV AERDENHOUT Netherlands
KvK: 32092520
Es Torrent Beheer B.V. Nicolaas
Beetslaan 8 2111AV AERDENHOUT Netherlands
KvK: 34176927
Ultimate parent company Eurofid S.A .r.l.
990005072995
Holding company Scotch
& Soda Holding B.V.
Jacobus
Spijkerdreef 20
2132PZ
HOOFDDORP KvK: 34260034
Subsidiary Scotch
& Soda Women Styling B.V.
Jacobus
Spijkerdreef 20
2132PZ
HOOFDDORP KvK: 34317035
Affiliated companies Scotch
& Soda Export B.V.
Jacobus
Spijkerdreef 20
2132PZ
HOOFDDORP KvK: 34260036
Liability declaration Scotch
& Soda Beheer B.V. (34298600)
Jacobus
Spijkerdreef 20 -24
2132PZ
HOOFDDORP
Bank Fortis
Bank (Netherlands) NV
ING Bank NV
|
Real
estate |
Lease |
|
|
The real estate is
checked at the land registration office |
|
|
Object code:
HAARLEMMERMEER AL 1918 |
|
|
Owner: FOUNDATION HOMBURG
DE PRESIDENT |
MANAGEMENT
Management Scotch & Soda
Holding B.V.
Jacobus Spijkerdreef 20
2132PZ HOOFDDORP
Netherlands
KvK: 34260034
Authorization: Fully authorized
Position: Manager
Date appointed: 30-10-2008
E.P. Bijlsma Eric Pieter
Authorization: Fully authorized
Position: Manager Date appointed: 01-10-2002 Date of birth: 09-12-1965
J.J.H. Krouwels
Jozef Jacobus Henricus
Authorization:
Fully authorized
Position: Manager
Date appointed: 01-10-2002
Date of birth: 21-03-1966
P.M.S. Munsters
Patrick Marie Stella-Maris
Authorization:
Fully authorized
Position: Manager
Date appointed: 01-10-2002
Date of birth: 17-07-1964
J.J.F. Lutterop Jan Jurjen Frits
Authorization: Fully authorized
Position: Financieel manager Date appointed: 01-10-2002
Date of birth: 24-06-1971
PAYMENT INFORMATION
Payment experiences There are no payment experiences known
Payments Based on multiple payment
experiences up to € 50.000
Quarter: 1 2011: 70 Average
days
Quarter: 2 2011: 43 Average
days
Quarter: 3 2011: 41 Average
days
Quarter: 4 2011: 43 Average
days
|
|
invoices |
current quarter |
2011 Q3 |
2011 Q2 |
2011 Q1 |
|
|
Total |
125 |
100% |
312.028 |
311.319 |
311.855 |
321.403 |
|
Within terms |
85 |
67,8% |
211.574 |
226.906 |
214.641 |
202.376 |
|
Delayed 0 - 30 |
34 |
32,2% |
100.454 |
81.012 |
97.214 |
71.290 |
|
Delayed 31 - 60 |
1 |
0,0% |
|
3.401 |
|
|
|
Delayed 61 - 90 |
|
|
|
|
|
|
|
Delayed 91 - 120 |
2 |
0,0% |
|
|
|
19.095 |
|
Delayed 120+ days |
3 |
0,0% |
|
|
|
28.642 |
FINANCIAL INFORMATION
|
Publication financial
statement |
Annual accounts 2009 are
published on 21-12-2010 Annual accounts 2008 are
published on 30-07-2009 Annual accounts 2007 are
published on 13-08-2009 |
|
Type of publication Publication |
Corporate Publication according to
obligations by law |
|
CORE
FIGURES |
|
|
|
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
Quick ratio |
1,01 |
2,93 |
13,96 |
|
Current ratio |
1,75 |
4,03 |
16,78 |
|
Nett workingcapital /
Balance total |
0,37 |
0,71 |
0,87 |
|
Capital and reserves /
Balance total |
0,50 |
0,65 |
0,76 |
|
Capital and reserves /
Fixed assets |
3,69 |
12,14 |
9,73 |
|
Solvency |
1,00 |
2,75 |
13,74 |
|
Nett workingcapital |
5.623.000 |
9.616.000 |
7.478.000 |
|
Capital and reserves |
7.503.000 |
8.718.000 |
6.511.000 |
|
Change capital and
reserves |
-13,94% |
33,90% |
69,87% |
|
change short term
liabilities |
135,98% |
568,99% |
-82,59% |
|
Operating profit |
10.617.000 |
11.954.000 |
9.002.000 |
|
Profitability operating
profit |
positive |
positive |
positive |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2009
Type of publication Corporate
Gross profit 2009 : 29.426.000
Gross Profit
2008: 28.610.000
2007: 21.773.000
Operating
profit
2009: 10.617.000
2008: 11.954.000
2007: 9.002.000
Results
after taxes
2009: 7.485.000
2008: 8.700.000
2007 :6.493.000
Current & Quick Ratio
bALANCE
sheet
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
End
of bookyear |
31-12-2009 |
31-12-2008 |
31-12-2007 |
|
Tangible assets |
2.036.000 |
709.000 |
669.000 |
|
Financial assets |
|
9.000 |
|
|
Fixed assets |
2.036.000 |
718.000 |
669.000 |
|
|
|||
|
Stocks and work in progress |
5.537.000 |
3.485.000 |
1.335.000 |
|
Accounts receivable |
6.687.000 |
9.289.000 |
5.715.000 |
|
Liquid assets |
882.000 |
12.000 |
901.000 |
|
Current assets |
13.106.000 |
12.787.000 |
7.952.000 |
|
Total assets |
15.142.000 |
13.505.000 |
8.621.000 |
|
|
|||
|
Capital and reserves |
7.503.000 |
8.718.000 |
6.511.000 |
|
Provisions |
156.000 |
|
|
|
Trade debts suppliers |
963.000 |
15.000 |
189.000 |
|
Other short term debts |
6.519.000 |
3.156.000 |
285.000 |
|
Total short term debt |
7.483.000 |
3.171.000 |
474.000 |
|
Other liabilities |
|
1.616.000 |
1.636.000 |
|
Total debt |
7.639.000 |
4.787.000 |
2.110.000 |
|
Total Liabilities |
15.142.000 |
13.505.000 |
8.621.000 |
|
|
|||
|
PROFIT
& LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2009 |
2008 |
2007 |
|
Gross profit |
29.426.000 |
28.610.000 |
21.773.000 |
|
Wages employees |
5.749.000 |
4.005.000 |
2.998.000 |
|
Sales costs |
|
|
539.000 |
|
Depreciation and amortization |
312.000 |
187.000 |
154.000 |
|
Other operating charges |
12.748.000 |
12.464.000 |
9.080.000 |
|
Operating charges |
18.809.000 |
16.656.000 |
12.771.000 |
|
Operating profit |
10.617.000 |
11.954.000 |
9.002.000 |
|
Financial income |
55.000 |
99.000 |
60.000 |
|
Financial charges |
184.000 |
413.000 |
346.000 |
|
Financial result |
-129.000 |
-314.000 |
-286.000 |
|
Result participations |
-324.000 |
|
|
|
Result before taxes |
10.164.000 |
11.640.000 |
8.716.000 |
|
Income taxes |
2.679.000 |
2.940.000 |
2.223.000 |
|
Result after taxes |
7.485.000 |
8.700.000 |
6.493.000 |
|
Nett result |
7.485.000 |
8.700.000 |
6.493.000 |
History
Liability
statements
Since 23-08-2010 filed a
declaration of liability by Scotch & Soda Beheer B.V..
Consent
statements
·
Over
bookyear 2011 a consent agreement is filed
·
Over
bookyear 2010 a consent agreement is filed
Management
·
Since
30-10-2008 manager 30128436 Bijlsma Beheer B.V. out of office.
·
Since
30-10-2008 manager 34260034 Scotch & Soda Holding B.V. appointed.
·
Since
30-10-2008 manager 34176927 J. Krouwels Beheer B.V. out of office.
Company structure
Eurofid S.A .r.l.
(990005072995)
Alter Domus Netherlands
B.V. (34270994)
AMSTERDAM
Subsidiary
Corfas B.V. (34317555)
AMSTERDAM
Subsidiary
Euro Eco Hotels NL 1 B.V.
(34307781)
AMSTERDAM
Subsidiary (100%)
Aggreko Americas Activities
of holding companies B.V. (24323613)
AMSTERDAM
Management relation
Aggreko Euro Activities of
holding companies B.V. (24323616)
AMSTERDAM
Management relation
Aggreko Rest of World
Activities of holding companies B.V. (24323620)
AMSTERDAM
Management relation
Cedrim Holding B.V.
(27269611)
AMSTERDAM
Management relation
Spol Investments B.V.
(27297095)
DELFT
Management relation
Crystal Turquoise B.V.
(27363904)
DELFT
Management relation
Crystal Aquamarine B.V.
(27363914)
DELFT
Management relation
EPISO Netherlands Holding
B.V. (27375094)
DELFT
Management relation
Coalco Holding B.V.
(34116089)
AMSTERDAM
Management relation
EPI Orange 1 B.V.
(34215811)
DELFT
Management relation
EPI Orange 2 B.V.
(34215816)
DELFT
Management relation
EPI Orange 3 B.V.
(34215818) DELFT
Management relation
EPI Orange 4 B.V.
(34215821)
DELFT
Management relation
EPI Orange 5 B.V.
(34215825)
DELFT
Management relation
EPI Orange 7 B.V.
(34215830)
DELFT
Management relation
EPI Orange 8 B.V.
(34215831)
DELFT
Management relation
EPI Orange 9 B.V.
(34215832)
DELFT
Management relation
EPI Orange 10 B.V.
(34215834)
DELFT
Management relation
EPI Orange 11 B.V.
(34215835)
DELFT
Management relation
EPI Orange 12 B.V.
(34215838)
DELFT
Management relation
EPI Orange 13 B.V.
(34215839) DELFT
Management relation
EPI Orange 14 B.V.
(34215846)
DELFT
Management relation
EPI Orange 15 B.V.
(34215847)
DELFT
Management relation
EPI Orange 16 B.V.
(34215849)
DELFT
Management relation
EPI Orange 17 B.V.
(34215850)
DELFT
Management relation
EPI Orange 18 B.V.
(34215851)
DELFT
Management relation
EPI Orange 19 B.V.
(34215852)
DELFT
Management relation
EPI Orange 20 B.V.
(34215855)
DELFT
Management relation
EPI Orange 21 B.V.
(34215857)
DELFT
Management relation
EPI Orange 22 B.V.
(34215859)
DELFT
Management relation
Effective Energy B.V.
(34256219) AMSTERDAM
Management relation
CapMan Partners B.V.
(34273612) AMSTERDAM
Management relation
African Fabrics Cooperatief
B.A. (50545140)
AMSTERDAM
Management relation
African Fabrics MaleCo B.V.
(27333540)
AMSTERDAM
Management relation
American Superconductor Europe, B.V. (50978179)
AMSTERDAM
Management relation
EPISO Netherlands Holding 2
B.V. (51025663)
DELFT
Management relation
Swan Topco B.V. (51313065)
AMSTERDAM
Management relation
V & D Group Holding
B.V. (51173190)
AMSTERDAM ZUIDOOST
Subsidiary
Divisie Vroom &
Dreesmann B.V. (34196123)
AMSTERDAM ZUIDOOST
Subsidiary
La Place B.V. (34198378)
Amsterdam Zuidoost Subsidiary
La Place Netherlands B.V.
(34319190)
AMSTERDAM ZUIDOOST
Subsidiary (100%)
La Place Services B.V.
(50623532)
AMSTERDAM ZUIDOOST
Subsidiary (100%)
V&D B.V. (34340151)
AMSTERDAM ZUIDOOST
Subsidiary
V&D Services B.V.
(50623540)
AMSTERDAM ZUIDOOST
Subsidiary (100%)
Estrella Cooperatief B.A.
(52429342)
AMSTERDAM
Management relation
Deocsa B.V. (27312579)
AMSTERDAM
Subsidiary
Generacion Limpia B.V.
(27313867)
AMSTERDAM
Subsidiary
Recsa B.V. (27323298)
AMSTERDAM
Subsidiary
Guatemel B.V. (27340995)
AMSTERDAM
Subsidiary
Deorsa B.V. (27343701)
AMSTERDAM
Subsidiary
Australian Aggregation
Investments B.V. (52930114)
AMSTERDAM
Management relation
Swan Topco I V&D B.V.
(52971414)
AMSTERDAM
Management relation
Next Bidco B.V. (53020863)
AMSTERDAM
Management relation
Scotch & Soda Beheer
B.V. (34298600)
HOOFDDORP
Subsidiary
Scotch & Soda Holding
B.V. (34260034)
HOOFDDORP
Subsidiary (100%)
Scotch & Soda B.V.
(34163543)
HOOFDDORP
Subsidiary (100%)
Scotch & Soda Women
Styling B.V. (34317035)
HOOFDDORP
Management relation
Scotch & Soda Export
B.V. (34260036)
HOOFDDORP
Subsidiary (100%)
Scotch & Soda Retail
B.V. (34278517)
HOOFDDORP
Subsidiary (100%)
Stichting
administratiekantoor HOWALD 1 (53255771)
AMSTERDAM
Management relation
Stichting
administratiekantoor MARNINO (53389476)
AMSTERDAM
Management relation
Stichting
Administratiekantoor MEHOZETU (53455576)
AMSTERDAM
Management relation
CCP II Netherlands Holding
B.V. (34336064) AMSTERDAM
Management relation
CCP II Bergen B.V.
(34336077)
AMSTERDAM
Subsidiary
CCP II Botlek B.V.
(34336089)
AMSTERDAM
Subsidiary
CCP II Haaften B.V.
(34336098)
AMSTERDAM
Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
|
UK Pound |
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
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.