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Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
BESTSELLER AS |
|
|
|
|
Registered Office : |
Fredskovvej 5, Dk-7330 Brande |
|
|
|
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Country : |
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|
|
|
|
Financials (as on) : |
31.07.2011 |
|
|
|
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Year of Establishment : |
1982 |
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|
|
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Com. Reg. No.: |
A/S65503 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
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Line of Business : |
Import and wholesale
trade in fashion wear |
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|
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|
No. of Employees : |
1.562 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY’S NAME BESTSELLER A/S
ADDRESS Fredskovvej
5
DK-7330
BRANDE
TELEPHONE NO +45 99 42 32 00
TELEFAX NO +45 99 42
34 99
EMAIL-ADDRESS bestseller@bestseller.dk
LOCAL CURRENCY D K K
FOUNDATION Originally 1982
as A/S of 30/8 1982
Present
style since 20.09.2002 after changing
from BESTSELLER WHOLESALE
A/S. 2006 merger with Ejendomsselskabet af 27.4.1998 A/S.
CENTRAL
BUSINESS-REG-NO CVR-No.:
88216512
COMPANY-REG-NO A/S65503
EU-VAT-ID-NO DK 88 21 65
12
LEGAL FORM Private
limited Company
SHARE CAPITAL DKK
110.000.000,00
PARENT COMPANY DK 26 50 83 47
BESTSELLER UNITED A/S
AUDITORS Partner
Revision
Torvegade 20
7330
Brande
Tel.
97 18 03 66
BOARD OF DIRECTORS Troels Holch Povlsen
Merete Bech Povlsen
Finn Poulsen
Anders
Holch Povlsen
MANAGING DIRECTOR Anders Holch Povlsen
ACTIVITY Import
and wholesale trade in fashion wear.
EMPLOYEES 1.562
TURNOVER/COMPANY 31.07.2007 DKK 7.273.777.000,00
31.07.2008
DKK 7.523.459.000,00
31.07.2009
DKK 7.565.156.000,00
31.07.2010
DKK 8.612.339.000,00
31.07.2011
DKK 10.046.480.000,00
TURNOVER/GROUP 31.07.2007 DKK
10.182.471.000,00
31.07.2008
DKK 10.860.438.000,00
31.07.2009
DKK 12.025.279.000,00
31.07.2010
DKK 13.644.743.000,00
31.07.2011
DKK 16.361.022.000,00
GROUP COMPANIES Bestseller A/S: 42
companies
Bestseller
Retail A/S: 11 companies
Bestseller
Retail Europe A/S: 9 companies
Bestseller
Middle East A/S: 12 companies
FINANCIAL STANDING The financial standing is
sound.
ACCOUNTS See
latest published figures on page 3.
REAL ESTATE Own property
-Taxation
value
DKK 286.854.000,00
PAYMENTS Nothing
detrimental has been noted.
BANKERS Nordea
Bank Dammark A/S
ACCOUNTS CLOSED AS PER 31.07.2011 31.07.2010 31.07.2009
EXTRACT IN 1000 DKK
OPERATING RESULTS 1.341.074 1.619.722 260.037
RESULTS BEFORE TAXES 1.957.856 2.525.086 483.809
FIXED ASSETS 5.296.760 4.369.315 3.272.773
-Tangible assets 1.073.494 510.715 299.367
-Financial assets 4.223.266 3.858.600 2.973.407
CURRENT ASSETS 2.828.968 3.675.350 2.890.182
-Receivables 1.733.915 1.426.720 1.747.919
-Inventories 607.591 494.613 430.439
-Cash, bank , etc. 369.015 1.582.154 431.601
-Investments 118.448 171.863 280.223
EQUITY &
LIABILITIES
SHORTTERM LIABILITIES 2.585.324 3.141.017 2.101.779
-Suppliers 716.740 593.378 422.700
LONGTERM LIABILITIES 9.504 9.504 8.445
RESERVES/PROVISIONS 183.569 194.949 69.225
SHAREHOLDER’S EQUITY 5.347.331 4.699.196 3.983.506
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
UK Pound |
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.