MIRA
INFORM REPORT
|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
V&D B.V. |
|
|
|
|
Registered Office : |
Laarderhoogtweg 25 1101EB Amsterdam Zuidoost |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
28.01.2012 |
|
|
|
|
Date of Incorporation : |
20.05.2009 |
|
|
|
|
Reg. No.: |
34340151 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Trade and industry, and more
particularly the retail and
on the related services and manufacture, holding and finance |
|
|
|
|
No. of Employees : |
5500 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
CONTACTINFORMATION
Company name V&D
B.V.
Tradename V&D
B.V.
Vroom & Dreesmann Super stores
Vroom en Dreesmann
Address Laarderhoogtweg
25
1101EB Amsterdam Zuidoost
Netherlands
Mail address Postbus
12640
1100AP Amsterdam Zuidoost
Netherlands
Telephone number 0205959111
Telefax number 0206682946
Mobile phone 0627071618
E-mail address info@vd.nl
Website www.vd.nl
VAT number / RSIN 820772690
Branch(es) 65
branches
Since 01-09-2012 zet het bedrijf de objective voort van het opgeheven
V&D Services B.V. in Amsterdam.
|
Handelsregisternummer |
34340151 |
|
Registered in |
Chamber of commerce Amsterdam |
|
First
registration |
22-05-2009 |
|
Act of
foundation |
20-05-2009 |
|
Date of
constitution |
07-07-1920 |
|
Continuation
date |
21
-05-2009 |
|
Legal form |
Private Company |
|
Place of
constitution |
Amsterdam |
|
Issued
capital |
18.000 |
|
Paid up
capital |
18.000 |
|
|
|
|
NACE-code |
Financial
holding (65234) |
|
SBI-code |
Super
stores (47191) |
|
|
Financial
holding (642) |
|
|
Financial
holding (6420) |
|
Formal
objective |
Trade and industry, and more
particularly the retail and
on the related services and manufacture, holding and finance |
Employees Total: 5500
Employees group Group: 10000
COMPANY STRUCTURE
|
Shareholder |
Divisie
Vroom & Dreesmann B.V. |
|
|
Laarderhoogtweg
25 |
|
|
1101EB
AMSTERDAM ZUIDOOST |
|
|
Netherlands |
|
|
KvK:
34196123 |
|
|
Active
since: 21-05-2009 |
|
|
Percentage:
100.00% |
|
Ultimate
parent company |
Alter
Domus Participations S.A |
|
|
990005361776 |
|
Holding
company |
Divisie
Vroom & Dreesmann B.V. |
|
|
Laarderhoogtweg
25 |
|
|
1101EB
AMSTERDAM ZUIDOOST |
|
|
KvK:
34196123 |
|
Affiliated
companies |
La Place
B.V. |
|
|
Laarderhoogtweg
25 |
|
|
1101EB
Amsterdam Zuidoost |
|
|
KvK:
34198378 |
|
Liability
declaration |
V&D
Group Holding B.V. (51173190) |
|
|
Laarderhoogtweg
25 |
|
|
1101EB
AMSTERDAM ZUIDOOST |
Real estate Lease
The real estate is
checked at the land registration office
Object code: WEESPERKARSPEL
M 626
Owner: ACHMEA
PENSIOEN- EN LIFE INSURANCE N.V.
Description: Laarderhoogtweg
25
MANAGEMENT
Management R.P.
Boerefijn
Remco Peter
Authorization: Jointly authorized
Position: Manager
Date appointed: 01-10-2011
Date of birth: 26-06-1973
Other directorships:
- Manager: InBev Netherlands N.V. - BREDA
(KvK: 20080399)
T.L.G. Heemskerk
Theodorus Laurentius Gerardus
Authorization: Jointly authorized
Position: Manager
Date appointed: 21-05-2009
Date of birth: 20-08-1958
M.D. McKeon
Mark David
Authorization: Jointly authorized
Position: Manager
Date appointed: 21-05-2009
Date of birth: 28-10-1958
Other directorships:
- Manager: La Place B.V. - Amsterdam
Zuidoost (KvK: 34198378)
- Proxy: La Place B.V. - Amsterdam Zuidoost
(KvK: 34198378)
F.J. Straughan
Fintan John
Authorization: Jointly authorized
Position: Manager
Date appointed: 21-05-2009
Date of birth: 11-03-1963
C.M. Velthuis
Carmen Maria
Authorization: Jointly authorized
Position: Manager
Date appointed: 01-02-2010
Date of birth: 05-04-1974
Other directorships:
- Manager: La Place B.V. - Amsterdam
Zuidoost (KvK: 34198378)
- Proxy: La Place B.V. - Amsterdam Zuidoost
(KvK: 34198378)
R.P. Boerefijn
Remco Peter
Authorization: Limited authorization (max: €
250.000)
Position: Proxy
Date appointed: 01-12-2011
Date of birth: 26-06-1973
Other directorships:
- Manager: InBev Netherlands N.V. - BREDA
(KvK: 20080399)
T.L.G. Heemskerk
Theodorus Laurentius Gerardus
Authorization: Limited authorization (max: € 250.000)
Position: Proxy
Date appointed: 20-05-2009
Date of birth: 20-08-1958
M.D. McKeon
Mark David
Authorization: Limited authorization (max: € 250.000)
Position: Proxy
Date appointed: 20-05-2009
Date of birth: 28-10-1958
Other directorships:
- Manager: La Place B.V. - Amsterdam Zuidoost (KvK: 34198378)
- Proxy: La Place B.V. - Amsterdam Zuidoost (KvK: 34198378)
C.M. Velthuis
Carmen Maria
Authorization: Limited authorization (max: € 250.000)
Position: Proxy
Date appointed: 01-02-2010
Date of birth: 05-04-1974
Other directorships:
- Manager: La Place B.V. - Amsterdam Zuidoost (KvK: 34198378)
- Proxy: La Place B.V. - Amsterdam Zuidoost (KvK: 34198378)
PAYMENT INFORMATION
Payment experiences Payments
are regular
Payments Based
on multiple payment experiences up to € 50.000
Quarter: 1 2012: 52 Average days
Quarter: 2 2012: 53 Average days
Quarter: 3 2012: 47 Average days
Quarter: 4 2012:
52 Average days
|
|
invoices |
current quarter |
2012 Q3 |
2012 Q2 |
2012 Q1 |
|
|
Total |
436 |
100% |
1.983.930 |
2.034.144 |
1.989.350 |
1.981.832 |
|
Within terms |
283 |
71,2% |
1.412.112 |
1.274.824 |
1.215.986 |
1.294.436 |
|
Delayed 0 - 30 |
114 |
20,6% |
408.349 |
709.237 |
623.269 |
537.301 |
|
Delayed 31 - 60 |
|
4,2% |
83.727 |
33.491 |
83.727 |
83.727 |
|
Delayed 61 - 90 |
|
0,8% |
16.592 |
16.592 |
66.368 |
66.368 |
|
Delayed 91 - 120 |
2 |
1,3% |
25.260 |
|
|
|
|
Delayed 120+ days |
2 |
1,9% |
37.890 |
|
|
|
FINANCIAL INFORMATION
|
Type
of publication |
Consolidated |
|
Annual
accounts van |
V&D
Group Holding B.V. |
|
|
Laarderhoogtweg
25 |
|
|
1101EB
AMSTERDAM ZUIDOOST |
|
|
KvK:
51173190 |
|
Publication |
The
company does not publish its annual accounts |
CORE FIGURES
|
BOOKYEAR |
2012 |
2011 |
|
Quick ratio |
0,17 |
0,16 |
|
Current ratio |
0,66 |
0,56 |
|
Nett workingcapital
/ Balance total |
-0,22 |
-0,35 |
|
Capital and
reserves / Balance total |
0,14 |
0,00 |
|
Capital and
reserves / Fixed assets |
0,25 |
0,00 |
|
Solvency |
0,17 |
0,00 |
|
Nett workingcapital |
-63.875.000 |
-99.637.000 |
|
Capital and
reserves |
40.883.000 |
18.000 |
|
Change capital and
reserves |
227.027,78% |
|
|
change short term
liabilities |
-17,28% |
|
|
Nett Turnover |
648.114.000 |
167.729.000 |
|
Operating profit |
-2.870.000 |
-1.108.000 |
Annual accounts The published financial information is the consolidated group information.
Last annual accounts 2012
Type of publication Consolidated
Turnover 2012: 648.114.000
2011: 167.729.000
Operating profit 2012: -2.870.000
2011: -1.108.000
Result after taxes 2012: -7.083.000
2011: -1.822.000
Tendency Upward
Tendency capital and reserves
Capital and reserves 2012
40.883.000
Total debt 2012 237.107.000
Current ratio 2012 0,66
Quick ratio 2012 0,17
Nett workingcapital 2012 -63.875.000
Profitability Negative
Solvency Moderate
Liquidity Negative
Current- & Quickratio
Balancesheet
|
BOOKYEAR |
2012 |
2011 |
|
End of bookyear |
28-01-2012 |
29-01 -2011 |
|
Intangible assets |
26.310.000 |
26.263.000 |
|
Tangible assets |
137.642.000 |
128.513.000 |
|
Financial assets |
848.000 |
1.334.000 |
|
Fixed assets |
164.800.000 |
156.110.000 |
|
|
||
|
Stocks and work in
progress |
90.687.000 |
89.329.000 |
|
Trade debtors |
5.249.000 |
|
|
Other amounts
receivable |
13.397.000 |
|
|
Accounts receivable |
18.646.000 |
22.957.000 |
|
Liquid assets |
12.677.000 |
12.794.000 |
|
Current assets |
122.010.000 |
125.080.000 |
|
Total assets |
286.810.000 |
281.190.000 |
|
|
||
|
Capital and
reserves |
40.883.000 |
18.000 |
|
Provisions |
8.820.000 |
|
|
Long term
liabilities |
51.222.000 |
56.455.000 |
|
Other short term
debts |
69.784.000 |
|
|
Total short term
debt |
185.885.000 |
224.717.000 |
|
Total debt |
237.107.000 |
281.172.000 |
|
Total Liabilities |
286.810.000 |
281.190.000 |
|
|
||
|
PROFIT & LOSS
ACCOUNT |
|
|
|
BOOKYEAR |
2012 |
2011 |
|
Turnover |
648.114.000 |
167.729.000 |
|
Nett Turnover |
648.114.000 |
167.729.000 |
|
Wages employees |
169.934.000 |
|
|
Depreciation and
amortization |
25.155.000 |
|
|
Raw materials |
296.998.000 |
80.107.000 |
|
Other operating
charges |
158.897.000 |
88.730.000 |
|
Operating charges |
650.984.000 |
168.837.000 |
|
Operating profit |
-2.870.000 |
-1.108.000 |
|
Financial income |
193.000 |
|
|
Financial charges |
3.905.000 |
775.000 |
|
Financial result |
-3.712.000 |
|
|
Result before taxes |
-6.582.000 |
|
|
Income taxes |
-113.000 |
-61.000 |
|
Result after taxes |
-6.469.000 |
|
|
Nett result |
-7.083.000 |
-1.822.000 |
History
Liability statements Per
09-12-2010 filed a declaration of liability by V & D Group Holding B.V..
Per 29-06-2010 filed a declaration of
liability by Maxeda Netherlands B.V..
Per 09-12-2010 filed a declaration of
liability by V & D Group Holding B.V..
Per 29-06-2010 filed a withdrawal of
declaration of liability by Maxeda Netherlands B.V..
Per 27-05-2009 filed a declaration of
liability by Maxeda Netherlands B.V..
Consent statements Over
bookyear 2013 a consent agreement is filed
Over bookyear 2012 a consent agreement is
filed
Over bookyear 2011 a consent agreement is
filed
Merger and
demerger Op 31-08-2012
merger taken place. New registration: V&D B.V., 34340151 Ceased registration:
V&D Services B.V., 50623540.
Op 24-07-2012 merger proposal filed. New
registration: V&D B.V., 34340151 Ceased registration: V&D Services
B.V., 50623540.
Management Per
01-10-2011 manager Remco Peter Boerefijn appointed.
Per 01-12-2011 manager Onno Cornelis Johan
den Boer out of office.
Per 01-12-2011 is Proxy Remco Peter
Boerefijn appointed.
Per 01-12-2011 is Proxy Onno Cornelis Johan
den Boer out of office.
Per 21-05-2009 is Proxy Fintan John
Straughan out of office.
Per 21-05-2009 manager Fintan John Straughan
out of office.
Per 05-11-2010 manager 33140599 Unikavee
B.V. out of office.
Per 01-02-2010 is Proxy Carmen Maria
Velthuis appointed.
Per 01-02-2010 manager Carmen Maria Velthuis
appointed.
Per 20-05-2009 is Proxy Fintan John
Straughan appointed.
Per 20-05-2009 is Proxy Mark David McKeon
appointed.
Per 20-05-2009 is Proxy Onno Cornelis Johan
den Boer appointed.
Per 20-05-2009 is Proxy Theodorus Laurentius
Gerardus Heemskerk appointed.
Per 21-05-2009 manager 33140599 Unikavee
B.V. appointed.
Per 21-05-2009 manager Mark David McKeon
appointed.
Per 21-05-2009 manager Fintan John Straughan
appointed.
Per 21-05-2009 manager Theodorus Laurentius
Gerardus Heemskerk appointed.
Per 21-05-2009
manager Onno Cornelis Johan den Boer appointed.
Company structure
- Alter Domus Participations S.Ã
(990005361776)
Alter Domus Netherlands B.V. (34270994)
AMSTERDAM
Subsidiary
- Corfas B.V. (34317555)
AMSTERDAM
Subsidiary
- Aggreko Americas Activities of
holding companies B.V. (24323613)
AMSTERDAM
Management relation
- Aggreko Euro Activities of holding
companies B.V. (24323616)
AMSTERDAM
Management relation
- Aggreko Rest of World Activities of
holding companies B.V. (24323620)
AMSTERDAM
Management relation
- Cedrim Holding B.V. (27269611)
AMSTERDAM
Management relation
- Spol Investments B.V. (27297095)
DELFT
Management relation
- Strauss Holding B.V. (34300914)
Amsterdam
Subsidiary
- Crystal Turquoise B.V. (27363904)
DELFT
Management relation
- Crystal Aquamarine B.V. (27363914)
DELFT
Management relation
- EPISO Netherlands Holding B.V. (27375094)
AMSTERDAM
Management relation
- Prologis Germany XIX B.V. (34177340)
SCHIPHOL
Management relation
- Content Production Holding B.V. (34181521)
DELFT
Management relation
- Waterbeek Holding B.V. (34095618)
ENSCHEDE
Subsidiary
Calamity:
Default
- Waterbeek Media B.V. (08115697)
ENSCHEDE
Subsidiary
Calamity: Default
- Just Nautic B.V. (08131063)
ENSCHEDE
Subsidiary (100%)
Calamity: Default
- ProLogis Germany XLI B.V. (34222736)
SCHIPHOL
Management relation
- ProLogis Germany XL B.V. (34222744)
SCHIPHOL
Management relation
- ProLogis Germany XLIII B.V. (34231247)
SCHIPHOL
Management relation
- ProLogis Germany LIX B.V. (34263913)
SCHIPHOL
Management relation
- ProLogis Germany LX B.V. (34263915)
SCHIPHOL
Management relation
- ProLogis Germany LXI B.V. (34263916)
SCHIPHOL
Management relation
- ProLogis Germany LXV B.V. (34263920)
SCHIPHOL
Management relation
- Coöperatief BMFCO U.A. (34283352)
AMSTERDAM
Management
relation
- ProLogis Germany CIX B.V. (34288383)
SCHIPHOL
Management relation
- ProLogis Germany CX B.V. (34288386)
SCHIPHOL
Management relation
- ProLogis Germany CXVII B.V.
(34289390)
SCHIPHOL
Management relation
- ProLogis Germany CXVIII B.V.
(34289395)
SCHIPHOL
Management relation
- ProLogis Germany CXXVIII B.V.
(34289415)
SCHIPHOL
Management relation
- ProLogis Germany CXLVIII B.V.
(34294463)
SCHIPHOL
Management relation
- ProLogis Germany CXLIX B.V.
(34294464)
SCHIPHOL
Management relation
- ProLogis Germany CLIV B.V.
(34294480)
SCHIPHOL
Management relation
- ProLogis Germany CLXXXVIII B.V.
(34304639)
SCHIPHOL
Management relation
- African Fabrics Coöperatief B.A.
(50545140)
AMSTERDAM
Management relation
- STAK
African Fabrics (56333684)
Management
relation
- African
Fabrics MaleCo B.V. (27333540)
AMSTERDAM
Subsidiary
(56470010)
Subsidiary
- Foundation Telenet Finance
Luxembourg (50772007)
AMSTERDAM
Management relation
- American Superconductor Europe, B.V.
(50978179)
AMSTERDAM
Management relation
- Foundation Telenet Finance
Luxembourg II (51101289)
AMSTERDAM
Management relation
- Swan Topco B.V. (51313065)
AMSTERDAM
Management relation
- V&D
Group Holding B.V. (51173190)
AMSTERDAM ZUIDOOST
Subsidiary
- Divisie Vroom & Dreesmann B.V.
(34196123)
AMSTERDAM ZUIDOOST
Subsidiary
- La Place B.V. (34198378)
Amsterdam Zuidoost
Subsidiary
- La Place Netherlands B.V. (34319190)
AMSTERDAM ZUIDOOST
Subsidiary (100%)
- V&D
B.V. (34340151)
Amsterdam Zuidoost
Subsidiary
- Foundation Telenet Finance III
Luxembourg (51886812)
AMSTERDAM
Management relation
- Estrella Coöperatief B.A. (52429342)
AMSTERDAM
Management relation
- Deocsa
B.V. (27312579)
AMSTERDAM
Subsidiary
- Generacion
Limpia B.V. (27313867)
AMSTERDAM
Subsidiary
- Recsa
B.V. (27323298)
AMSTERDAM
Subsidiary
- Guatemel
B.V. (27340995)
AMSTERDAM
Subsidiary
- Deorsa
B.V. (27343701)
AMSTERDAM
Subsidiary
- Foundation Telenet Finance IV
Luxembourg (52726932)
AMSTERDAM
Management relation
- Australian Aggregation Investments
B.V. (52930114)
AMSTERDAM
Management relation
- Swan Topco I V&D B.V. (52971414)
AMSTERDAM
Management relation
- Stichting administratiekantoor
HOWALD 1 (53255771)
AMSTERDAM
Management relation
- Stichting administratiekantoor
MARNINO (53389476)
AMSTERDAM
Management relation
- Stichting Administratiekantoor
MEHOZETU (53455576)
AMSTERDAM
Management relation
- Foundation Telenet Finance V
Luxembourg (53833430)
AMSTERDAM
Management relation
- Eifel Netherlands 1 B.V. (54075335)
AMSTERDAM
Management relation
- Foundation Groene Brug (54498953)
Management relation
- Foundation Monier 1 (55046118)
AMSTERDAM
Management relation
- Foundation Monier 2 (55046401)
AMSTERDAM
Management relation
- Smart Industrial Products Holding B.V. (55306926)
AMSTERDAM
Management relation
- CCP III Netherlands Holding B.V. (55717934)
AMSTERDAM
Management relation
- Brake Parts International Activities of holding companies B.V. (55806066)
AMSTERDAM
Management relation
- Foundation Telenet Finance VI Luxembourg (55814387)
AMSTERDAM
Management relation
(56310390)
Management relation
(56310684)
Management relation
(56310846)
Management relation
- Foundation Apex Finance (56583575)
Management relation
- CCP II Netherlands Holding B.V. (34336064)
AMSTERDAM
Management relation
- CCP II Bergen B.V. (34336077)
AMSTERDAM
Subsidiary
- CCP II Botlek B.V. (34336089)
AMSTERDAM
Subsidiary
- CCP II Haaften B.V. (34336098)
AMSTERDAM
Subsidiary
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.