MIRA INFORM REPORT

Report Date :

02.04.2012

IDENTIFICATION DETAILS

Name :	COOL CAT FASHION B.V.
Registered Office :	Hoofdveste, City Houten, House No. 10 , Post Code 3992dg
Country :	Netherlands
Financials (as on) :	31.12.2010
Date of Incorporation :	21.07.1983
Legal Form :	Private limited liability company (BV) with ordinary structure
Line of Business :	Shops selling outerwear and clothing accessories (non-specialised)
No. of Employees :	100

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 :	2,750,000 (€)
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Netherlands	a1	a1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name & address

Risk Tracker Monitoring System

Chamber of commerce number	30097249	Company name	Cool Cat Fashion B.V.
Street	Hoofdveste	House or po box number	10
City	HOUTEN	Post code	3992DG
Telephone number	030 6356300	Establishment date	21/07/1983
Company type	Private limited liability company (BV) with ordinary structure

Credit information

		credit limit (€)	2,750,000
Rating description	very good credit worthiness
Turnover	142,070,000	results on ordinary operations before tax	12,920,000
Net worth	41,539,000	Purchase limit	-

Ultimate holding company

Company name	Company Number
Cool Cat Beheer B.V.	30162140

Payment expectations summary

Payment expectation days	17.61	Day sales outstanding	3.15
Industry average payment expectation days	14.54	Industry average day sales outstanding	4.43
Suspension of payments / moratorium	no

Payment Information Summary

Total number of Invoices available	97
Total number of Invoices paid within or up to 30 days after the due date	95
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	2
Total number of Invoices currently outstanding beyond the due date	0

Court Data Summary

Court action	no
Trading name	Cool Cat Fashion B.V.	Office type	Main Office
Street	Hoofdveste	House or po box number	10
City	HOUTEN	Post code	3992DG
Telephone number	030 6356300	Web address
Company Status	Actief	Company type	Private limited liability company (BV) with ordinary structure
Date of company type change	21/07/1983	Establishment date	21/07/1983
Activity code	47713	Activity description	Shops selling outerwear and clothing accessories (non-specialised)
Exporter		Importer
Ceased trading date		Continuance date
Date of latest accounts	31/12/2010

Mailing address details

Street	Postbus	House or po box number	125
City	HOUTEN	Post code	3990DC

Capital details

Nominal capital	80,000	Placed capital	18,000
Deposited capital	18,000

Employees details

Number of employees

100

Director information

R. De Jong

Profit & loss

Annual accounts	31-12-2010	%	31-12-2009	%	31-12-2007
Weeks	52		52		52
Currency	EUR		EUR		EUR
Consolidated (y/n)	Y		Y		N
Turnover	142,070,000	2.2%	139,046,000	999.9%	179,000
Other operating income	1,247,000	76.1%	708,000	-83.6%	4,327,000
Total operating income	143,317,000	2.5%	139,754,000	999.9%	4,506,000
Total operating expenses	130,799,000	-4.8%	137,373,000	999.9%	8,465,000
Operating result	12,518,000	425.7%	2,381,000	160.1%	-3,959,000
Total financial income	490,000	141.4%	203,000	-	-
Total financial expenses	88,000	-18.5%	108,000	-94.1%	1,821,000
Results on ordinary operations before tax	12,920,000	753.4%	1,514,000	41.1%	1,073,000
Taxation	2,833,000	229.3%	-2,191,000	-28.5%	-1,705,000
Results on ordinary operations after tax	10,087,000	172.3%	3,705,000	33.4%	2,778,000
Share in profit/(loss) of minority interest	-	-	-	-	-
Extraordinary items	0	-	0	-	0
Net result	10,088,000	170.9%	3,724,000	34.1%	2,778,000
Other information
Payroll costs	24,475,000	1.6%	24,100,000	334.9%	5,541,000
Amortization and depreciation	7,245,000	-29.6%	10,284,000	-	-

Balance sheet

Annual accounts	31-12-2010	%	31-12-2009	%	31-12-2007
Weeks	52		52		52
Currency	EUR		EUR		EUR
Consolidated (y/n)	Y		Y		N
Intangible fixed assets	2,864,000	-27.5%	3,949,000	-	-
Tangible fixed assets	11,384,000	-21.3%	14,459,000	999.9%	869,000
Financial fixed assets	11,679,000	-53.5%	25,116,000	-70.6%	85,378,000
Total fixed assets	25,927,000	-40.4%	43,524,000	-49.5%	86,247,000
Inventories	8,410,000	54.5%	5,442,000	123.9%	2,431,000
Trade Debtors	1,228,000	70.6%	720,000	-	-
Other receivables	24,746,000	132.4%	10,648,000	258%	2,974,000
Cash	6,114,000	-22.1%	7,853,000	999.9%	14,000
Miscellaneous current assets	0	-	0	-	0
Total current assets	40,498,000	64.2%	24,663,000	355.1%	5,419,000
Trade creditors	6,309,000	-19.1%	7,795,000	-	-
Other current liabilities including accruals & defered income	14,806,000	80.5%	8,205,000	-76.6%	35,044,000
Total current liabilities	21,115,000	32%	16,000,000	-54.3%	35,044,000
Total provisions	80,000	0.00 %	80,000	-	-
Subordinated loans	-	-	-	-	-
Other long term liabilities	848,000	-90.6%	9,047,000	-21.3%	11,500,000
Total long term debts	928,000	-89.8%	9,127,000	-20.6%	11,500,000
Issued share capital	-	-	-	-	17,000
Retained earnings	0	-	0	-	0
Revaluation reserve	-	-	-	-	-
Other share capital & reserves	44,403,000	3.1%	43,079,000	-4.5%	45,105,000
Minority interests	-21,000	-10.5%	-19,000	-	-
Total shareholders equity	44,403,000	3.1%	43,079,000	-4.5%	45,122,000
Working capital	19,383,000	123.7%	8,663,000	129.2%	-29,625,000
Net worth	41,539,000	6.2%	39,130,000	-13.3%	45,122,000

Ratio analysis

Annual accounts	31-12-2010	%	31-12-2009	%	31-12-2007
Weeks	52		52		52
Currency	EUR		EUR		EUR
Consolidated (y/n)	Y		Y		N
Trading performance
Results on ordinary operations before taxation margin	9.09	733.9%	1.09	-99.8%	599.44
Return on capital employed	28.50	882.8%	2.90	52.6%	1.90
Return on total assets employed	19.45	776.1%	2.22	89.7%	1.17
Return on net assets employed	29.11	727%	3.52	47.9%	2.38
Sales / net working capital	7.33	-54.3%	16.05	999.9%	-0.01
Operating efficiency
Stock turnover ratio	5.92	51.4%	3.91	-99.7%	1358.10
Debtor days	3.15	66.7%	1.89	-	-
Creditor days	17.61	-15%	20.71	-	-
Short term stability
Current ratio	1.92	24.7%	1.54	926.7%	0.15
Liquidity ratio / acid ratio	1.52	26.7%	1.20	999.9%	0.09
Current debt ratio	0.48	29.7%	0.37	-52.6%	0.78
Long term stability
Gearing	2.09	-90.1%	21.19	-16.9%	25.49
Equity in percentage	69.86	4.2%	67.06	36.2%	49.22
Total debt ratio	0.50	-13.8%	0.58	-43.7%	1.03

Payment expectations

Payment expectations days	17.61 - This is the guideline expectation based upon our analysis as to this companies payment behaviour in this industry
Day sales outstanding	3.15 - The number of days it takes this company to collect their debts

Payment Information Summary

Total number of Invoices available	97
Total number of Invoices paid within or up to 30 days after the due date	95
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	2
Total number of Invoices currently outstanding beyond the due date	0

Industry comparison

Activity code	4771
Activity description	Shops selling clothing, clothing accessories,
Industry average payment expectations days	14.54 - This is the guideline expectation based upon our analysis as to this companies payment behaviour in this industry
Industry average days sales outstanding	4.43 - Number of days it takes a company to collect their debt (industry average)

Industry quartile analysis

Payment expectations
Company result	17.61
Lower	0.22
Median	0.94
Upper	1.55
Day sales outstanding
Company result	3.15
Lower	5.71
Median	7.43
Upper	8.05

Industry comparison

Activity code	47713
Activity description	Shops selling outerwear and clothing accessories (non-specialised)
Industry average credit rating	63.69
Industry average credit limit	2,830

Summary

Group - Number of Companies	4
Linkages - Number of Companies	0
Number of Countries	0

Ultimate holding company

Name	Cool Cat Beheer B.V.

Group Structure

Company name	Number	Latest financials
- Cool Cat Beheer B.V.	30162140	31-12-2010
- - Cool Cat Fashion B.V.	30097249	31-12-2010
- - - Career Woman B.V.	30171794	31-12-2010
- - - Cool Cat Nederland B.V.	30070122	31-12-2010

Companies that match this address

Company name	Company Number	Latest Accounts Filed
5XL B.V.	30221048	31/12/2010
Bata Participation Fund B.V.	51653400	-
Born in Saint-Tropez B.V.	30277962	31/12/2010
Career Woman B.V.	30171794	31/12/2010
Cool Cat Beheer B.V.	30162140	31/12/2010
Cool Cat Holding B.V.	33156598	31/12/2010
Cool Cat Immobilien B.V.	30216416	31/12/2010
Cool Cat Nederland B.V.	30070122	31/12/2010
Cool Cat Oost B.V.	30096987	31/12/2010
Cool Cat Participatie B.V.	54224071	-
Cool Cat Real Estate B.V.	30112607	31/12/2010
Cool Cat Venture B.V.	54224799	-
Cool Invest IV B.V.	52401014	-
Coolvast B.V.	30171795	31/12/2010
Coolvast II B.V.	30231793	31/12/2010
Excellent Retail Brands B.V.	30218126	31/12/2010
F.I.D.E.O. Beheer B.V.	30100599	31/12/2010
Fast Cat B.V.	50227386	-
GNZ B.V.	30221796	31/12/2010
J.D. Kahn Beheer B.V.	30143471	31/12/2010
J.G. Kahn Beheer B.V.	30127169	31/12/2010
J.J. Kahn Beheer B.V.	30143470	31/12/2010
Kahn International Beheer B.V.	30096544	31/12/2010
Kahn's Pensioen B.V.	30097589	31/12/2010
Nineam B.V.	50501208	-
Phoenix Participation Fund B.V.	50305816	-
Retail Beheer B.V.	30211330	31/12/2010
SLS Benelux B.V.	30226539	31/12/2010
Stichting Administratiekantoor Amstelvox	24376725	-
Stichting Administratiekantoor Cool Cat Participatie	54223474	-
Stichting Administratiekantoor Cool STAK	30211448	-
Stichting Administratiekantoor J.D. Kahn Beheer	41266043	-
Stichting Administratiekantoor J.G. Kahn Beheer	41212531	-
Stichting Administratiekantoor J.J. Kahn Beheer	41266044	-
Stichting Cool Cat Foundation	30156015	-
Wholesale Beheer B.V.	30277959	31/12/2010

Court data

There is no data for this company

Director details

This product is only available for Belgium & Dutch customers.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.16
UK Pound	1	Rs.81.72
Euro	1	Rs.68.34

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.