MIRA INFORM REPORT
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Report Date : |
17.12.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DOLCIS B.V. |
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Registered Office : |
Postbus 3065, 5203DB 's Hertogenbosch |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.12.1972 |
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Com. Reg. No.: |
16035016 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of footwear |
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No. of Employees
: |
6 persons |
RATING & COMMENTS
|
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 |
|
Maximum Credit Limit : |
€ 500.000 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
CONTACTINFORMATION
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Company name |
Dolcis
B.V. |
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Tradename |
Dolcis B.V. |
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|
Shick* |
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Address |
Larenweg 70 |
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5234KC 's Hertogenbosch |
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Netherlands |
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Mail address |
Postbus 3065 |
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5203DB 's Hertogenbosch |
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Netherlands |
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Telephone number |
0736483483 |
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E-mail address |
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Website |
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VAT number / RSIN |
001037560 |
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Branch(es) |
106 branches |
CREDIT LIMIT
|
Credit limit |
A credit of € 500.000 may be
granted |
|
Specification credit limit |
The company can fulfil all its
obligations. Wthin the context of a credit report the credit is maximalized
to the shown credit limit. |
COMPANY INFORMATION
Handelsregisternummer
16035016
Registered
in Chamber
of commerce Brabant
Act of foundation 22-12-1972
Date of constitution 08-03-1909
Continuation date 22-12-1972
Last change in statutes 17-12-1999
Legal
form Besloten
Vennootschap (Limited Company)
Place of constitution 's Hertogenbosch
Capital EUR 36.302,42
Issued capital EUR 18.151,21
Paid up capital EUR 18.151,21
|
NACE-code |
Wholesale of footwear (51424) |
|
SBI-code |
Groothandel in schoenen (46424) (Wholesales Shoes) |
|
Formal objective |
Detailhandel in schoenen;
grootwinkelbedrijf (Retail sale of shoes, chain store) |
|
Employees |
Total: 6 |
|
Employees according to CoC |
Chamber of commerce: 6 |
COMPANY STRUCTURE
|
Shareholder |
Hoogenbosch Retail Group B.V. |
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|
Larenweg 70 |
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5234KC 'S-HERTOGENBOSCH |
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Netherlands |
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KvK: 16087518 |
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Active since: 16-08-2005 |
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Percentage: 100.00% |
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Ultimate
parent company |
Macintosh Retail Group N.V. |
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|
Amerikalaan 100 |
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|
6199AE MAASTRICHT-AIRPORT |
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KvK: 14628300 |
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Holding
company |
Hoogenbosch Retail Group B.V. |
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|
Larenweg 70 |
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5234KC 'S-HERTOGENBOSCH |
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KvK: 16087518 |
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Affiliated
companies |
Manfield B.V. |
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|
Larenweg 70 |
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|
5234KC 'S-HERTOGENBOSCH |
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KvK: 16019389 |
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Ikzoekeentas.nl |
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's-Hertogenbosch |
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KvK: 16035015 |
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Pro Sporting activities B.V. |
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Larenweg 70 |
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5234KC 'S-HERTOGENBOSCH |
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KvK: 16050514 |
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Invito B.V. |
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|
Larenweg 70 |
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5234KC 'S-HERTOGENBOSCH |
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KvK: 16057975 |
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S.A. Service B.V. |
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Larenweg 70 |
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5234KC 'S-HERTOGENBOSCH
KvK: 16065712 |
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Dolcis Belgium B.V. |
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Larenweg 70 |
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5234KC 'S-HERTOGENBOSCH |
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KvK: 17213751 |
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Liability declaration |
Macintosh Retail Group N.V.
(14628300) |
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|
Amerikalaan 100 |
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|
6199AE MAASTRICHT-AIRPORT |
Bank ABN Amro
Bank NV
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Real estate |
Lease |
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The real estate is checked at
the land registration office |
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Object code: 'S-HERTOGENBOSCH T
5308 |
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Owner: DIRK DE WAARDT |
MANAGEMENT
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Management |
Hoogenbosch Retail Group B.V. |
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|
Larenweg 70 |
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5234KC 'S-HERTOGENBOSCH |
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Netherlands |
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KvK: 16087518 |
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Authorization: Limited authorization |
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Position: Manager |
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Date appointed: 16-08-2005 |
Payments information
Payment experience Payments are regular
Payments Based on
multiple payment experiences up to € 50.000
·
Quarter:
1 2011: 57 Average days
·
Quarter:
2 2011: 58 Average days
·
Quarter:
3 2011: 60 Average days
·
Quarter:
4 2011: 57 Average days
|
|
invoices |
current quarter |
2011 Q3 |
2011 Q2 |
2011 Q1 |
|
|
Total |
69 |
100% |
166.935 |
163.850 |
161.847 |
164.625 |
|
Within terms |
36 |
53,3% |
88.915 |
95.889 |
92.402 |
108.093 |
|
Delayed 0 - 30 |
19 |
39,2% |
65.516 |
39.615 |
48.757 |
28.949 |
|
Delayed 31 - 60 |
|
4,1% |
6.896 |
23.446 |
20.688 |
27.583 |
|
Delayed 61 - 90 |
|
0,0% |
|
4.900 |
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Delayed 91 - 120 |
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1,3% |
2.243 |
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Delayed 120+ days |
|
2,0% |
3.365 |
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FINANCIAL INFORMATION
Type of publication
Consolidated
|
Annual accounts van |
Macintosh Retail Group
N.V. |
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|
Amerikalaan 100 |
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6199AE MAASTRICHT-AIRPORT |
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KvK: 14628300 |
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Publication |
Steady |
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CORE FIGURES |
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BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,30 |
0,38 |
0,43 |
|
Current ratio |
1,40 |
1,44 |
1,64 |
|
Nett workingcapital / Balance
total |
0,14 |
0,14 |
0,18 |
|
Capital and reserves / Balance
total |
0,44 |
0,39 |
0,32 |
|
Capital and reserves / Fixed
assets |
0,86 |
0,73 |
0,60 |
|
Solvency |
0,80 |
0,65 |
0,50 |
|
Nett workingcapital |
84.094.000 |
83.413.000 |
113.077.000 |
|
Capital and reserves |
270.782.000 |
233.992.000 |
201.523.000 |
|
Change capital and reserves |
15,72% |
16,11% |
1,42% |
|
change short term liabilities |
9,93% |
7,26% |
79,98% |
|
Nett Turnover |
1.130.939.000 |
1.116.620.000 |
1.194.973.000 |
|
Operating profit |
55.927.000 |
44.687.000 |
54.062.000 |
Annual accounts The published financial
information is the consolidated group information.
Last annual accounts 2010
Type of publication Consolidated
Turnover 2010: 1.130.939.000
2009:
1.116.620.000
2008:
1.194.973.000
Gross profit 2008: 537.380.000
Operating profit 2010: 55.927.000
2009:
44.687.000
2008:
54.062.000
Result after taxes 2010: 40.074.000
2009:
31.373.000
2008:
31.249.000
Tendency Constant
Tendency
capital and reserves
Capital
and reserves
Total debt 2010 270.782.000
Current ratio 2010 337.928.000
Quick ratio 2010 1,40 2010 0,30
Nett workingcapital 2010 84.094.000
Profitability More than sufficient
BALANCE sheet
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Goodwill |
195.215.000 |
195.215.000 |
195.215.000 |
|
Other intangible assets |
20.916.000 |
21.657.000 |
22.889.000 |
|
Intangible assets |
216.131.000 |
216.872.000 |
218.104.000 |
|
Land and buildings |
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|
33.091.000 |
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Machinery |
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|
4.116.000 |
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Tangible assets |
94.523.000 |
99.759.000 |
115.019.000 |
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Financial assets |
4.221.000 |
2.178.000 |
2.691.000 |
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Other fixed assets |
2.219.000 |
442.000 |
2.691.000 |
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Fixed assets |
314.875.000 |
319.251.000 |
335.814.000 |
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|||
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Stocks and work in progress |
230.189.000 |
201.990.000 |
213.711.000 |
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Trade debtors |
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|
26.249.000 |
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Tax receivables |
|
1.595.000 |
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Other amounts receivable |
50.297.000 |
45.243.000 |
31.361.000 |
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Accounts receivable |
48.078.000 |
46.838.000 |
54.919.000 |
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Stocks |
|
|
951.000 |
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Liquid assets |
15.568.000 |
24.959.000 |
21.382.000 |
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Other current assets |
|
419.000 |
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Current assets |
293.835.000 |
274.206.000 |
290.963.000 |
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Total assets |
608.710.000 |
593.457.000 |
626.777.000 |
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|||
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Capital and reserves |
270.782.000 |
233.992.000 |
201.523.000 |
|
Provisions |
|
|
25.813.000 |
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Long term interest yealding
debts |
|
|
201.000.000 |
|
other long term debts |
128.187.000 |
|
20.555.000 |
|
Long term liabilities |
128.187.000 |
168.672.000 |
221.555.000 |
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Trade debts suppliers |
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|
67.634.000 |
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Short term interest yielding
debt |
|
|
7.772.000 |
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Taxes, remuneration &
soc.security |
|
|
17.616.000 |
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Other short term debts |
209.741.000 |
|
102.480.000 |
|
Total short term debt |
209.741.000 |
190.793.000 |
177.886.000 |
|
Total debt |
337.928.000 |
359.465.000 |
425.254.000 |
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Total Liabilities |
608.710.000 |
593.457.000 |
626.777.000 |
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|||
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PROFIT & LOSS ACCOUNT |
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BOOKYEAR |
2010 |
2009 |
2008 |
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Turnover |
1.130.939.000 |
1.116.620.000 |
1.186.451.000 |
|
Other operating income |
|
|
8.522.000 |
|
Nett Turnover |
1.130.939.000 |
1.116.620.000 |
1.194.973.000 |
|
Gross profit |
|
|
537.380.000 |
|
Raw materials |
597.536.000 |
603.636.000 |
|
|
Other operating charges |
477.476.000 |
468.297.000 |
12.675.000 |
|
Operating charges |
1.075.012.000 |
1.071.933.000 |
1.140.911.000 |
|
Operating profit |
55.927.000 |
44.687.000 |
54.062.000 |
|
Financial income |
222.000 |
658.000 |
442.000 |
|
Financial charges |
8.161.000 |
9.059.000 |
15.423.000 |
|
Financial result |
-7.939.000 |
-8.401.000 |
-14.981.000 |
|
Result before taxes |
47.988.000 |
36.286.000 |
39.081.000 |
|
Income taxes |
7.914.000 |
7.086.000 |
7.832.000 |
|
Result after taxes |
40.074.000 |
29.200.000 |
31.249.000 |
|
Extraordinary income |
|
2.173.000 |
|
|
Extraordinary result |
|
2.173.000 |
|
|
Taxes on extraordinary result |
|
2.173.000 |
|
|
Extraordinary result after taxes |
|
2.173.000 |
|
|
Nett result |
40.074.000 |
31.373.000 |
31.249.000 |
History
|
Consent statements |
Over bookyear 2010 a consent agreement
is filed Over bookyear 2009 a consent agreement is filed Over bookyear 2008 a
consent agreement is filed Over bookyear 2007 a consent agreement is filed |
Company structure
Macintosh Retail Group N.V.
(14628300)
MAASTRICHT-AIRPORT
Scapino B.V. (04022781) Assen
Several liability relation
Superconfex B.V. (14018198)
MAASTRICHT-AIRPORT
Subsidiary
Alfa Retail B.V. (14061776)
MAASTRICHT-AIRPORT
Subsidiary
Mrgq B.V. (14080939)
MAASTRICHT-AIRPORT
Subsidiary (100%)
MRG Retail B.V. (14088626)
MAASTRICHT-AIRPORT
Subsidiary (100%)
NEA International B.V. (14624669)
MAASTRICHT-AIRPORT
Subsidiary (100%)
MacIntosh International B.V.
(14629843)
MAASTRICHT-AIRPORT
Subsidiary (100%)
Brantano
Netherlands B.V. (27239736) GOIRLE
Subsidiary
McFla B.V. (14633720)
MAASTRICHT-AIRPORT
Subsidiary (100%)
Deco Holding B.V. (14634065)
MAASTRICHT-AIRPORT
Subsidiary (100%)
GP
Decors B.V. (14634254)
MAASTRICHT-AIRPORT
Subsidiary
Kwantum
Netherlands B.V. (18027979)
TILBURG
Subsidiary
Kwantum
Belgie B.V. (14061777)
TILBURG
Subsidiary
Hoogenbosch Retail Group B.V.
(16087518)
'S-HERTOGENBOSCH
Subsidiary
Manfield
B.V. (16019389)
'S-HERTOGENBOSCH
Subsidiary (100%)
Ikzoekeentas.nl
(16035015)
's-Hertogenbosch
Subsidiary (100%)
Dolcis
B.V. (16035016)
's Hertogenbosch
Subsidiary (100%)
Pro
Sporting activities B.V. (16050514)
'S-HERTOGENBOSCH
Subsidiary (100%)
Invito
B.V. (16057975)
'S-HERTOGENBOSCH
Subsidiary (100%)
S.A.
Service B.V. (16065712)
'S-HERTOGENBOSCH
Subsidiary (100%)
Dolcis
Belgium B.V. (17213751)
'S-HERTOGENBOSCH
Subsidiary (100%)
Halfords Netherlands B.V.
(30055852)
VEENENDAAL
Subsidiary (100%)
Foundation
Halfords Rotterdam Stadionweg (41183683)
VEENENDAAL
Management relation
MRG STM B.V. (52141934)
MAASTRICHT-AIRPORT
Subsidiary (100%)
Macintosh E-commerce B.V.
(52142205)
MAASTRICHT-AIRPORT
Subsidiary (100%)
GPD Retail B.V. (53934016)
Maastricht-Airport
Subsidiary (100%)
Gepede Retail B.V. (53934180)
Maastricht-Airport Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
|
UK Pound |
1 |
Rs.82.00 |
|
Euro |
1 |
Rs.68.81 |
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.