MIRA INFORM REPORT

 

 

Report Date :

14.01.2012

 

IDENTIFICATION DETAILS

 

Name :

NOT THE SAME B.V.

 

 

Registered Office :

Vareseweg 85 3047 At Rotterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.03.2009

 

 

Date of Incorporation :

23.09.1994

 

 

Com. Reg. No.:

24247904

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of outerwear

 

 

No. of Employees :

04

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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, 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

 

CONTACTINFORMATION

 

Company name

Not The Same B.V.

Tradename

Not The Same B.V.

Address

Vareseweg 85

 

3047AT Rotterdam

 

Netherlands

Mail address

Vareseweg 85

 

3047AT Rotterdam

 

Netherlands

Telephone number

0102381500

Telefax number

0102381599

E-mail address

info@bandolera.nl

Website

shop.notthesame.com

VAT number / RSIN

802871264

 

 

CREDIT LIMIT

 

Credit limit

Cash payments are preferred.

 

Handelsregisternummer

24247904

Registered in

Chamber of commerce Rotterdam

First registration

23-09-1994

Act of foundation

13-09-1994

Date of constitution

24-05-1994

Continuation date

13-09-1994

Legal form

Besloten Vennootschap

Place of Constitution

Rotterdam

Capital

EUR 90.756,04

Issued capital

EUR 18.151,21

Paid up capital

EUR 18.151,21

 

NACE-code                               Wholesale of outerwear (51421)

SBI-code                                   Wholesale of outerwear (46421)

Formal objective             De groothandel in, alsmede de im- en export en styling van kleding en

aanverwante artikelen alsmede het terzake verlenen van advies en andere

diensten op het gebied van de mode

 

Employees                                 Total: 4

 

 

COMPANY STRUCTURE

 

Shareholder                               Bandolera Holding N.V.

Vareseweg 85

3047AT ROTTERDAM

Netherlands

KvK: 24284986

Active since: 27-11-2003

Percentage: 100.00%

 

Ultimate parent company            Bandolera Investments B.V.

Vareseweg 85

3047AT ROTTERDAM

KvK: 24438404

 

Holding company                       Bandolera Holding N.V.

Vareseweg 85

3047AT ROTTERDAM

KvK: 24284986

 

Affiliated companies                   Bandolera B.V.

Vareseweg 85

3047AT ROTTERDAM

KvK: 24191591

 

Bandolera Retail B.V.

Vareseweg 85

3047AT ROTTERDAM

KvK: 24276887

 

Not The Same Retail B.V.

Vareseweg 85

3047AT ROTTERDAM

KvK: 24331972

 

Bandema B.V.

Vareseweg 85

3047AT ROTTERDAM

KvK: 24335855

 

MD Fashion Company

B.V. Vareseweg 85

3047AT ROTTERDAM

KvK: 34233854

 

Liability declaration                    Bandolera Holding N.V. (24284986)

Vareseweg 85

3047AT ROTTERDAM

 

Bank                                         ING Bank NV

Fortis Bank (Netherlands) NV

ABN Amro Bank NV

 

Real estate                                Lease

The real estate is checked at the land registration office

Object code: OVERSCHIE E 446

Owner: REAL ESTATE FUNDAMENT FONDS NV

MANAGEMENT

 

Management

Bandolera Investments B.V.

 

Vareseweg 85

 

3047AT ROTTERDAM

 

Netherlands

 

KvK: 24438404

 

Authorization: Limited authorization

 

Position: Manager

 

Date appointed: 31-07-2008

 

 

Payment Information

 

Payment experiences      There are no payment experiences known

 

 

FINANCIAL INFORMATION

 

Type of publication

Consolidated

Annual accounts van

Bandolera Holding N.V.

 

Vareseweg 85

 

3047AT ROTTERDAM

 

KvK: 24284986

Publication

Publication according to obligations by law

 

 

CORE FIGURES

 

 

 

BOOKYEAR

2009

2008

2007

Quick ratio

0,28

0,35

1,33

Current ratio

0,58

0,76

2,71

Nett workingcapital / Balance total

-0,49

-0,21

0,51

Capital and reserves / Balance total

-0,24

0,11

0,39

Capital and reserves / Fixed assets

-0,75

0,31

1,99

Solvency

-0,20

0,12

0,70

Nett workingcapital

-16.175.000

-8.336.000

11.263.590

Capital and reserves

-7.912.000

4.224.000

8.775.454

Change capital and reserves

-287,31%

-51,87%

 

change short term liabilities

11,79%

425,79%

 

 

 

Annual accounts                         The published financial information is the consolidated group information.

Last annual accounts                 2009

 

Type of publication                      Consolidated

Turnover                                    2009: 55.228.000

 2008: 56.104.000

2007: 45.597.000

2006: 33.905.000

 

Gross profit                               2007: 16.760.000

2006: 11.893.000

 

Operating profit                          2009: -12.765.000

2008: 5.430.000

2007: 4.893.000

2006: 2.774.000

 

Result after taxes                       2009: -12.023.000

2008: 2.046.000

2007: 3.278.000

2006: 1.832.000

2009 -7.912.000

 


 

Tendency

Tendency capital and reserves

.

 

Capital and Reserves                 

Total Debt                                 2009 41.006.000

Current Ratio                             2009 0,58

Quick Ratio                               2009 0,28

Nett Workingcapital                    2009 – 16.175.000

 

Profitability                                Negative

Profitability                                Negative

Profitability                                Negative

 

 

 

 

 

 

 

 

 

 

 

Current & Quick ratio 

 

 


Currency                       Euro

 

BALANCE SHEET

BOOKYEAR

2009

2008

2007

End of bookyear

31-12-2009

31-12-2008

31-12-2007

Other intangible assets

3.398.000

5.990.000

 

Intangible assets

3.398.000

5.990.000

420.078

Tangible assets

7.173.000

7.609.000

2.799.055

Financial assets

 

 

1.200.000

Fixed assets

10.571.000

13.600.000

4.419.133

 

Stocks and work in progress

11.656.000

14.188.000

9.076.443

Trade debtors

 

8.467.000

 

Other amounts receivable

10.287.000

3.264.000

 

Accounts receivable

10.287.000

11.730.000

7.490.204

Liquid assets

580.000

362.000

1.280.515

Current assets

22.523.000

26.280.000

17.847.162

Total assets

33.094.000

39.880.000

22.266.295

 

 

 

 

Capital and reserves shareholder

 

 

8.500.454

Minority interest

 

 

275.000

Capital and reserves

-7.912.000

4.224.000

8.775.454

Provisions

2.308.000

764.000

907.269

Long term liabilities

 

 

6.000.000

Other short term debts

38.698.000

28.607.000

 

Total short term debt

38.698.000

34.616.000

6.583.572

Total debt

41.006.000

35.380.000

13.490.841

Total Liabilities

33.094.000

39.880.000

22.266.295

 

 

 

HISTORY

 

Consent statements                               Over bookyear 2009 a consent agreement is filed

 

 

COMPANY STRUCTURE

 

Bandolera Investments B.V. (24438404)

ROTTERDAM

 

Bandolera Holding N.V. (24284986)

ROTTERDAM

Subsidiary (100%)

 

Bandolera B.V. (24191591)

ROTTERDAM

Subsidiary

 

Not The Same B.V. (24247904)

Rotterdam

Subsidiary

 

Bandolera Retail B.V. (24276887)

ROTTERDAM

Subsidiary

 

Not The Same Retail B.V. (24331972)

ROTTERDAM

Subsidiary

 

Bandema B.V. (24335855)

ROTTERDAM

Subsidiary

 

MD Fashion Company B.V. (34233854)

ROTTERDAM

Subsidiary

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.43

UK Pound

1

Rs.79.10

Euro

1

Rs.66.17

 

 

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.