MIRA INFORM REPORT

 

 

Report Date :           

01.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SORBO FASHION B.V.

 

 

Registered Office :

Innovatie 1, 6921RN Duiven

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

09.01.1999

 

 

Com. Reg. No.:

09103302

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of pet foods

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

€ 50.000

Status :

Moderate

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

a1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

CONTACTINFORMATION    

 

Company name

Sorbo Fashion B.V.

Tradename

Sorbo Fashion

 

Sorbo Fashion B.V.

Address

Innovatie 1

 

6921RN Duiven

 

Netherlands

Mail address

Innovatie 1

 

6921RN Duiven

 

Netherlands

Telephone number

0263194450

E-mail address

info@bremtex.nl

Website

www.bremtex.nl

 

 

CREDIT LIMIT    

 

Credit limit

A credit of € 50.000 may be granted

 

 

History                                      Tradename A.R.T.O. Creative 2 BV

Input Date 12/31/1998

End date 06/22/2011

Company name A.R.T.O.

Creative 2 BV Input Date 12/31/1998

End date 06/22/2011

 

Special remarks                         On the address in the enquiry the bankrupt companies Bremtex Lingerie Europe

B.V., Bremtex Group B.V., Bremtex Holding B.V., BLE Holding B.V. and Bremtex B.V. are registered. Sorbo Fashion B.V. will continue the activities of Bremtex.

 

With guarantee of the parent company Nedac Sorbo B.V. a credit of EUR 500.000 may be granted. If you use a guarantee from the parent company, we advise you request information

 

Press report:                             Date 01-06-2011

 

Source: FD

De court in Breda heeft op dinsdag 31 may jl. default uitgesproken over Bremtex Goup B.V., Bremtex B.V., Bremtex Holding B.V. en Bremtex Lingerie Europe B.V. Dat is in lezen in het Centraal Insolventieregister op internet.

 

Bremtex, gevestigd in Oisterwijk, is producent van sokken, beenmode, nachtmode, lingerie en ondergoed. Bremtex produceert private label-collecties en is          licentiehouder van brand(s) als Disney, Le Coq Sportif en Umbro. Het bedrijf bestaat 35 bookyear en distribueert aan grote retailketens, importers en winkeliers in heel Europe.

Bremtex Group B.V. maakt deel uit van de European Fashion Group B.V. dat op hetzelfde address staat subscribed. Het moederbedrijf wordt in het insolventieregister niet genoemd

 

Date: 07-06-2011

Source: FD

Press report: Het Brabantse Bremtex, waarover de court previous week het default heeft uitgesproken werkt aan een doorstart. Dat heeft de manager van het failliete bedrijf laten optekenen by het Financieele Dagblad: "Ik ben positive gestemd", zei Brinkman tegen een journalist van de krant. Voor het employees van de keten is weliswaar resignation aangevraagd, maar blijft voorlopig nog aan het werk.

 

Over de oorzaken van het default is nog none duidelijkheid. Bremtex werd in 2007 by de oprichter van het bedrijf -Marc Brouwers- verkocht aan investeerder Bencis. De producent van sokken, beenmode, nachtmode, lingerie en ondergoed bestond 35 bookyear en distribueert aan grote retailketens, importers en winkeliers in heel Europe

 

Date: 17-06-2011

Source: FD

Press report: Het Oisterwijkse Bremtex gaat verder onder de name Sorbo Fashion. Hierover heeft de groothandel in sokken, ondergoed en T-shirts overeenstemming bereikt met de trustee, zo meldt Omroep Brabant.

Eerder werd al bekend dat het bedrijf werkte aan een doorstart, nadat twee weken geleden het default werd uitgesproken. Een large deel van de 140 medewerkers van Bremtex kan aan de slag bij het nieuwe bedrijf. Sorbo Fashion is een dochterbedrijf van Nedac Sorbo in Duiven. Voormalig manager Richard Brinkman van Bremtex wordt de general director van Sorbo Fashion.

 

 

COMPANY INFORMATION  

 

Handelsregisternummer

09103302

Registered in

Chamber of commerce central Gelderland

First registration

09-01-1999

Act of foundation

31-12-1998

Date of constitution

31-12-1998

Continuation date

22-06-2011

Legal form

Besloten Vennootschap (Limited Company )

Place of constitution

Duiven

Capital

EUR 10.000.000

Issued capital

EUR 5.411.800

Paid up capital

EUR 5.411.800

 

           

NACE-code                   Wholesale of pet foods (513834)

SBI-code                       Wholesale of other food n.e.c. (46383)

Formal objective De im- en export van kleding, textiel en aanverwante artikelen.

(The import and export of garments, textiles and related items.)

 

Employees                    Total 1             

 

 

COMPANY STRUCTURE

 

Shareholder                               Nedac Sorbo B.V. Innovatie 1

6921RN DUIVEN

Netherlands KvK: 08042989

Active since: 02-04-2002

Percentage : 100.00%

 

Ultimate parent company            Hollander-van der Hoeven Beheer B.V.

Oosteinde 19 1017WT AMSTERDAM

KvK: 33223936

 

Holding company                       Nedac Sorbo B.V.

Innovatie 1

6921RN DUIVEN

KvK: 08042989

 

Affiliated companies                   B.V. Borstelfabriek Vero Innovatie 1

6921RN DUIVEN

KvK:080429065

 

Ipko Holding B.V.

Stephensonstraat 7

2723RM ZOETERMEER

KvK: 27292274

 

Real estate                                Lease

                                                 The real estate is checked at the land registration office

                                                 Object code: DUIVEN F 1558

                                                 Owner: VALUEBEZIT DUIVEN B.V.

 

 


MANAGEMENT

 

Management                                   Spijker Holding B.V.

Oosteinde 19

1017WT Amsterdam Nethe              

lands

KvK: 34124973

Authorization: Fully authorized

Position: Manager

Date appointed: 27-09-2001

 

 

PAYMENT INFORMATION

 

Payment experiences                 No complaints are known

 

 

FINANCIAL INFORMATION

 

Publication financial statement                Annual accounts 2009 are published on 18-03-2010

Annual accounts 2008 are published on 30-03-2009

Annual accounts 2007 are published on 31-07-2008

Annual accounts 2010 are published on 31-07-2008

 

Type of publication                                 Corporate

Publication                                            Steady

 

 

CORE FIGURES

 

 

 

BOOKYEAR

2010

2009

2008

Quick ratio

0,00

0,00

0,00

Current ratio

0,00

0,00

0,00

Nett workingcapital / Balance total

1,00

0,00

0,00

Capital and reserves / Balance total

1,00

1,00

1,00

Capital and reserves / Fixed assets

-

1,00

1,00

Solvency

0,00

0,00

0,00

Nett workingcapital

23.000

0

0

Capital and reserves

23.000

23.000

24.000

Change capital and reserves

0,00%

-4,17%

0,00%

change short term liabilities

0,00%

0,00%

0,00%

 

Annual accounts            The company is not obligated to publish its financial account.

 

Last annual accounts     2010


Type of publication         Corporate

 

Result after taxes           2006: 1.000

                                    2005 : 3.000

 

Tendency                      Not to be judged because of the absence of sufficient financial information

 


Tendency capital and reserves

 


Capital and reserves                   2010 23.000

Total debt                                  2010 0

Current ratio                              2010 0,00

Quick ratio                                2010 0,00

Nett working capital                    2010 23.000

 

 

Profitability

Solvency

Liquidity

Not to be judged

Not to be judged

Sufficient

 

Current- & Quickratio

1.5

1

0.5

0

i          i          i i

2007        200S        2009 2010

 

 

1

0.5

0

i             i             i i

2007        2008        2009 2010

 

Financial remarks

The financial position of the company is changed after the continuation of the activities of Bremtex. The last published financial details are from before this date.

Currency

Euro                              

 

 

BALANCE sheet

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Financial assets

 

23.000

24.000

Fixed assets

 

23.000

24.000

 

Accounts receivable

23.000

0

0

Current assets

23.000

0

0

Total assets

23.000

23.000

24.000

 

Capital and reserves

23.000

23.000

24.000

Other short term debts

0

0

0

Total short term debt

0

0

0

Total debt

0

0

0

Total Liabilities

23.000

23.000

24.000

 

 

History

 

Modifications                 Since 22-6-2011 statutes modified. Since 22-6-2011 name changed to: Sorbo Fashion

B.V..

 

 

Company structure

 

Hollander-van der Hoeven Beheer B.V. (33223936)

AMSTERDAM

 

H2-Staal B.V. (33293492)

AMSTERDAM

Management relation (100%)

 

Ruigenhil (23090514)

Alblasserdam

Management relation (100%)

 

Ruigendal B.V. (23031871)

Alblasserdam

Subsidiary (100%)

 


Nedstaal B.V. (23093133)

Alblasserdam

Subsidiary (100%)

 

Ruigenhil Real estate (23093134)

ALBLASSERDAM

Subsidiary (100%)

 

 H2 Equity Partners II Fund B.V. (34127299)

AMSTERDAM

Management relation (100%)

 

H2 Spijker B.V. (34083278)

AMSTERDAM

 

Management relation (100%)

H2 Trading B.V. (39053952)

Amsterdam

Management relation (100%)

 

Spijker Holding B.V. (34124973)

 Amsterdam

Subsidiary

 

Nedac Sorbo B.V. (08042989)

DUIVEN

Subsidiary (100%)

 

Sorbo Fashion B.V. (09103302)

Duiven

Subsidiary (100%)

 

B.V. Borstelfabriek Vero (20029065)

DUIVEN

Subsidiary

 

Ipko Holding B.V. (27292274)

ZOETERMEER

Subsidiary

 

Ipko-Amcor B.V. (27093407)

DUIVEN

Subsidiary (100%)

 

Roos Electronics B.V. (18034962) GILZE

Subsidiary

 

Ranex International B.V. (17062713)

EINDHOVEN Subsidiary (100%)


Tevea B.V. (17124947)

EINDHOVEN Subsidiary (100%)

 

Tristar Europe B.V. (18035465)

TILBURG

Subsidiary (100%)

 

Spijker Kwasten B.V. (34063737)

VELSEN-NOORD

Subsidiary

 

De Jong's Kwastenfabriek B.V. (30114125)

VELSEN-NOORD

Subsidiary

 

Spijker Sanitair Groep B.V. (34083277)

VELSEN-NOORD

Management relation (100%)

 

Elofer B.V. (34083276) Asten

Subsidiary (100%)

 

Beheermaatschappij Hategro B.V. (17033219)

ASINN

Subsidiary

 

Electro-Technische Groothandel "Hategro" B.V. (17047528)

ASINN

Subsidiary (100%)

 

Beheermaatschappij Burgman-Warmond B.V. (30032192)

ASINN

Subsidiary

 

Burgman Heybroek Groothandel B.V. (30053405)

ASINN

Subsidiary

 

Bumac Netherlands B.V. (30087278) Asten

Subsidiary

 

Stichting Administratiekantoor Tristar Europe (34276778)

TILBURG

Management relation (100%)  

 

Van Kuyk Holding B.V. (39054809)

ALMHONOR

Subsidiary

 


Uniforce B.V. (39053654)

ALMHONOR

Subsidiary

 

Stichting Administratiekantoor Nedac Sorbo (34294117)

AMSTERDAM

Management relation (100%)

 

Mokum Management B.V. (34166148)

AMSTERDAM

Subsidiary

Lived It B.V. (33149080)

AMSTERDAM

Management relation (100%)

 

LIVIT Schoentechniek B.V. (33278077)

AMSTERDAM

Several liability relation (100%)

 

Oude Spijker B.V. (34092444)

Velsen-Noord

Management relation (100%)

 

Stichting Administratiekantoor H2 Fashion (34182679)

AMSTERDAM

Management relation (100%)

 

H2 Graphic Board B.V. (34254779)

AMSTERDAM

Management relation (100%)

 

Eska Graphic Board B.V. (02037748)

SAPPEMEER

Subsidiary

 

Eska Graphic Board International B.V. (02041050)

SAPPEMEER

Subsidiary (100%)

 

Eska Graphic Board Asia Pacific B.V. (02083288)

SAPPEMEER

Subsidiary (100%)

 

Eska Graphic Board Italy B.V. (34254781)

SAPPEMEER

Subsidiary (100%)

 

Eska Graphic Board USA B.V. (34254784)

SAPPEMEER

 


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.71.96

Euro

1

Rs.64.79

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.