MIRA INFORM REPORT
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Report Date : |
01.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
BESTSELLER AS |
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Registered Office : |
Fredskovvej 5, City 7330 Brande |
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Country : |
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Financials (as on) : |
31.07.2010 |
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Date of Incorporation : |
07.04.1983 |
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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 : |
Wholesaler of clothing and footwear |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Estimated 10.000.000 DK |
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Status : |
Good |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
Company ID
City 7330
BRANDE
Country
Phone-no. +45-99-423200
Nat. partner
ID-no. 208705
Legal form Limited
company
Company
Status Active
Activity
Activity Wholesale
of clothing and footwear
No of employees
empl 1424
Management Information
Management ANDERS HOLCH POVLSEN (Managing
director)
LISBETH HOLM
HØJGAARD
LISE KAAE
LØVBJERG
Board of directors
MERETE BECH POVLSEN (Chairman of the
board)
TROELS HOLCH
POVLSEN (Member of the board)
ANDERS HOLCH
POVLSEN (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 2010-07-31 2009-07-31 2008-07-31
Source Ann. report Ann. report Ann. report
Turnover 8.612.339.000 7.565.156.000 7.523.459.000
Costs 6.991.528.000 7.317.068.000 6.852.917.000
Ordinary
result 2.525.086.000 483.810.000 1.657.867.000
Tax 607.297.000 65.469.000 490.280.000
Annual result 1.917.789.000 418.340.000 1.167.587.000
<* Assets *>
Fixed assets 4.369.315.000 3.272.774.000 2.662.153.000
Current assets 3.675.350.000 2.890.149.000 2.826.438.000
<* Liabilities
*>
Equity capital 4.699.196.000 3.983.506.000 3.860.258.000
Share capital 110.000.000 110.000.000 110.000.000
Long-term
debts 9.504.000 8.445.000 5.281.000
Short-term
debts 3.141.017.000 2.101.745.000 1.612.751.000
Company Ratios
Gearing I 955,05 296,90 135,05
Acid test ratio
I 117,01 137,51 175,26
Acid test ratio
II 101,26 117,03 138,10
Return on
investment 20,15 4,03 12,22
Return on
equity 53,73 12,15 42,95
Solvency ratio 58,41 64,64 70,33
Property
Property Yes
Property ass. value 216.093.000
(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%)
BESTSELLER TEXTILHANDELS GMBH
(100%)
BESTSELLER
BESTSELLER
UNITED INDIA PRIVATE LTD (100%)
BESTSELLER
RETAIL
BESTSELLER NORGE DETALJ AS (100%)
BESTSELLER
WHOLESALE
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
WHOLESALE
AHPK GMBH (51%)
BESTSELLER
RETAIL
BESTSELLER
WHOLESALE
BESTSELLER
BESTSELLER
UNITED
Associated business BESTSELLER
RETAIL AS (75%)
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.45.18 |
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1 |
Rs.72.79 |
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Euro |
1 |
Rs.62.15 |
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 |
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 |
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.