MIRA
INFORM REPORT
|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHOEBY FRANCHISE B.V. |
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|
|
|
Registered Office : |
Burgemeester Burgerslaan 40 A, 5245NH
Rosmalen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2010 |
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|
|
|
Date of Incorporation : |
27.06.1995 |
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|
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Com. Reg. No.: |
16078843 |
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|
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Legal Form : |
Besloten Vennootschap |
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|
|
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Line of Business : |
Wholesale of textile products |
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|
|
|
No. of Employees : |
215 |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NETHERLANDS - ECONOMIC OVERVIEW
The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP
|
Source
: CIA |
CONTACT INFORMATION
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Company name |
Shoeby Franchise B.V. |
|
Tradename |
Shoeby Franchise B.V. |
|
Address |
Burgemeester Burgerslaan 40 A |
|
|
5245NH Rosmalen |
|
|
Netherlands |
|
Mail address |
Postbus 12 |
|
|
5240AA Rosmalen |
|
|
Netherlands |
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Telephone number |
0735118019 |
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Telefax number |
0735113078 |
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E-mail address |
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|
Website |
|
|
VAT number / RSIN |
803925207 |
COMPANY INFORMATION
Handelsregisternummer 16078843
Registered in Chamber of commerce Brabant
First registration 30-06-1995
Act of foundation 27-06-1995
Date of constitution 27-06-1995
Last change in statutes 10-09-1999
Legal form Besloten
Vennootschap
|
Place of constitution |
Rosmalen |
|
|
Capital |
EUR |
|
|
Issued capital |
EUR 18.151,21 |
|
|
Paid up capital |
EUR 18.151,21 |
|
|
NACE-code |
Wholesale of textile products (51426) |
|
SBI-code |
Wholesale of textile products (46429) |
|
Formal objective |
De handel in textiel- en aanverwante goods
in een franchiseorganisatie |
|
Employees |
Total: 215 |
|
|
|
Employees according to CoC |
Chamber of commerce: 77 |
|
|
|
Bookyear |
2012 |
2011 |
2010 |
|
Number |
215 |
215 |
213 |
|
Change |
0,00% |
0,94% |
5,45% |
COMPANY STRUCTURE
|
Shareholder |
Shoeby-Shop Holding B.V. |
|
|
Burgemeester Burgerslaan 40 |
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|
5245NH ROSMALEN |
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|
Netherlands |
|
|
KvK:16075543 |
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|
Active since: 21-04-1998 |
|
|
Percentage: 100.00% |
|
Ultimate parent company |
VDR Holding B.V. |
|
|
Zuidplein 76 |
|
|
1077XV AMSTERDAM |
|
|
KvK: 51450046 |
|
Holding company |
Shoeby-Shop Holding B.V. |
|
|
Burgemeester Burgerslaan 40 |
|
|
5245NH ROSMALEN |
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|
KvK:16075543 |
|
Affiliated companies |
Shoeby-Shop B.V. |
|
|
Burgemeester Burgerslaan 40 |
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|
5245NH ROSMALEN |
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|
KvK:16054462 |
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|
Shoeby Leasing Partners B.V. |
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|
Burgemeester Burgerslaan 40 |
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|
5245NH ROSMALEN |
|
|
KvK: 17195207 |
Bank ING
Bank NV
Account number: 65.51.87.286
Real estate Lease
The real estate is checked at the land registration office
Object code: ROSMALEN H 4750 gedeeltelijk
Owner: DUTCH ACTIVE FUND PROPCO B.V.
MANAGEMENT
|
Management |
Shoeby-Shop Holding B.V. |
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|
Burgemeester Burgerslaan 40 |
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|
5245NH ROSMALEN |
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|
Netherlands |
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KvK: 16075543 |
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Authorization: Fully authorized |
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Position: Manager |
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Date appointed: 16-11-2000 |
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|
J.J. den Arend |
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|
Johannes Jan |
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Authorization: Limited authorization |
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Position: Proxy |
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Date appointed: 24-01-2005 |
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Date of birth: 06-07-1961 |
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Other directorships: |
|
|
- Proxy: Lake Side Franchise B.V. -
Rosmalen (KvK: 02040129) |
PAYMENT INFORMATION
Payment experiences Payments are regular, no complaints are known
Payments Based
on multiple payment experiences up to € 50.000
Quarter: 1 2012: 58 Average days
Quarter: 2 2012: 50 Average days
Quarter: 3 2012: 39 Average days
Quarter: 4 2012: 39 Average days
|
|
invoices |
current quarter |
2012 Q3 |
2012 Q2 |
2012 Q1 |
|
|
Total |
54 |
100% |
162.531 |
162.531 |
198.147 |
179.546 |
|
Within terms |
34 |
82,2% |
133.556 |
133.556 |
80.755 |
102.496 |
|
Delayed 0 - 30 |
13 |
13,5% |
22.011 |
22.011 |
117.392 |
61.142 |
|
Delayed 31 - 60 |
3 |
3,2% |
5.164 |
5.164 |
|
3.873 |
|
Delayed 61 - 90 |
2 |
1,1% |
1.800 |
1.800 |
|
|
|
Delayed 91 - 120 |
1 |
0,0% |
|
|
|
4.814 |
|
Delayed 120+ days |
1 |
0,0% |
|
|
|
7.221 |
FINANCIAL INFORMATION
|
Auditor |
Verhoeven Accountants B.V. |
|
Publication financial statement |
Annual accounts 2010 are published on 05-10-2011 |
|
|
Annual accounts 2009 are published on
07-12-2010 |
|
|
Annual accounts 2008 are published on
12-02-2010 |
|
|
Annual accounts 2007 are published on
31-10-2008 |
|
Type of publication |
Corporate |
|
Publication |
Publication according to obligations by law |
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
3,79 |
2,93 |
1,36 |
|
Current ratio |
4,47 |
3,81 |
1,87 |
|
Nett workingcapital / Balance total |
0,65 |
0,53 |
0,33 |
|
Capital and reserves / Balance total |
0,81 |
0,81 |
0,63 |
|
Capital and reserves / Fixed assets |
5,14 |
2,94 |
2,10 |
|
Solvency |
4,31 |
4,25 |
1,67 |
|
Nett workingcapital |
22.906.111 |
11.945.791 |
5.999.000 |
|
Capital and reserves |
28.436.706 |
18.101.894 |
11.436.000 |
|
Change capital and reserves |
57,09% |
58,29% |
156,93% |
|
change short term liabilities |
55,13% |
-37,98% |
6,21% |
|
Operating profit |
10.461.716 |
6.459.171 |
6.662.000 |
|
Profitability operating profit |
positive |
positive |
positive |
|
Last annual accounts |
2010 |
|
|
Type of publication |
Corporate |
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|
Gross profit |
2010: |
27.900.595 |
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|
2009: |
22.700.830 |
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|
2008: |
18.495.000 |
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|
2007: |
16.357.000 |
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|
2006: |
13.654.000 |
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|
2005: |
9.737.000 |
|
Operating profit |
2010: |
10.461.716 |
|
|
2009: |
6.459.171 |
|
|
2008: |
6.662.000 |
|
|
2007: |
5.040.000 |
|
|
2006: |
3.346.000 |
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|
2005: |
2.260.000 |
|
Result after taxes |
2010: |
10.334.812 |
|
|
2009: |
6.684.430 |
|
|
2008: |
6.504.000 |
|
|
2007: |
3.319.000 |
|
|
2006: |
1.349.000 |
|
|
2005: |
1.613.000 |
Tendency
Tendency capital and reserves
Capital and reserves 2010 28.436.706
Total debt 2010
6.601.215
Current ratio 2010 4,47
Quick ratio 2010
3,79
Nett workingcapital 2010 22.906.111
Profitability More than sufficient
Balance
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Intangible assets |
781.303 |
837.719 |
448.000 |
|
Tangible assets |
3.163.734 |
4.086.204 |
3.998.000 |
|
Financial assets |
1.585.558 |
1.232.180 |
990.000 |
|
Fixed assets |
5.530.595 |
6.156.103 |
5.437.000 |
|
|
|||
|
Stocks and work in progress |
4.509.872 |
3.753.046 |
3.551.000 |
|
Trade debtors |
5.812.275 |
5.253.809 |
|
|
Accounts receivable |
15.548.200 |
9.974.507 |
5.872.000 |
|
Liquid assets |
9.449.254 |
2.473.576 |
3.436.000 |
|
Current assets |
29.507.326 |
16.201.129 |
12.860.000 |
|
Total assets |
35.037.921 |
22.357.232 |
18.296.000 |
|
|
|||
|
Capital and reserves |
28.436.706 |
18.101.894 |
11.436.000 |
|
Other short term debts |
2.543.359 |
2.040.765 |
3.450.000 |
|
Total short term debt |
6.601.215 |
4.255.338 |
6.861.000 |
|
Total debt |
6.601.215 |
4.255.338 |
6.861.000 |
|
Total Liabilities |
35.037.921 |
22.357.232 |
18.296.000 |
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|||
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PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Gross profit |
27.900.595 |
22.700.830 |
18.495.000 |
|
Wages employees |
6.064.617 |
5.430.377 |
5.689.000 |
|
Depreciation and amortization |
1.042.519 |
951.504 |
658.000 |
|
Other operating charges |
10.331.743 |
9.859.778 |
5.485.000 |
|
Operating charges |
17.438.879 |
16.241.659 |
11.832.000 |
|
Operating profit |
10.461.716 |
6.459.171 |
6.662.000 |
|
Financial income |
|
262.733 |
|
|
Financial charges |
126.904 |
37.474 |
158.000 |
|
Financial result |
-126.904 |
225.259 |
-158.000 |
|
Result before taxes |
10.334.812 |
6.684.430 |
6.504.000 |
|
Result after taxes |
10.334.812 |
6.684.430 |
6.504.000 |
|
Nett result |
10.334.812 |
6.684.430 |
6.504.000 |
Company structure
• VDR Holding B.V. (51450046) AMSTERDAM
Lake Side Franchise B.V. (02040129)
Rosmalen
Subsidiary (100%)
Lake Side Stores B.V. (17188394)
ROSMALEN
Subsidiary (100%)
Lake Side Finance B.V. (17195957) Vianen Ut
Subsidiary (100%)
Lake Side Rental B.V. (30227450)
ROSMALEN
Subsidiary (100%) Jeans & Co. B.V.
(17147051)
ROSMALEN
Subsidiary (100%)
New Bike B.V. (20045873)
ROSMALEN
Subsidiary (100%)
Shoeby Retail Partners B.V. (34134351)
ROSMALEN
Subsidiary (100%)
Shoeby-Shop Holding B.V. (16075543)
ROSMALEN
Subsidiary
Shoeby-Shop B.V. (16054462)
ROSMALEN
Subsidiary (100%)
■ Shoeby
Franchise B.V. (16078843) Rosmalen
Subsidiary (100%)
Shoeby Leasing Partners B.V. (17195207)
ROSMALEN
Subsidiary (100%)
Shoeby Fashion International B.V. (16018670)
ROSMALEN
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
|
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.