MIRA INFORM REPORT
|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
BRUUNS BAZAAR A/S |
|
|
|
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Registered Office : |
Kronprinsensgade 9 Kabenhavn K,
1114 |
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|
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Country : |
Denmark |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
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Date of Incorporation : |
1994 |
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|
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Com. Reg. No.: |
17821849 |
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Legal Form : |
Private Subsidiary |
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|
|
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Line of Business : |
Subject is engaged in manufacturing apparel and apparel
accessories (except apparel knitting mills |
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|
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No. of Employees : |
35 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
denmark - ECONOMIC OVERVIEW
This thoroughly modern market economy features a high-tech
agricultural sector, state-of-the-art industry with world-leading firms in
pharmaceuticals, maritime shipping and renewable energy, and a high dependence
on foreign trade. Denmark is a member of the European Union (EU); Danish
legislation and regulations conform to EU standards on almost all issues. Danes
enjoy a high standard of living and the Danish economy is characterized by
extensive government welfare measures and an equitable distribution of income.
Denmark is a net exporter of food and energy and enjoys a comfortable balance
of payments surplus but depends on imports of raw materials for the
manufacturing sector. Within the EU, Denmark is among the strongest supporters
of trade liberalization. After a long consumption-driven upswing, Denmark''s
economy began slowing in 2007 with the end of a housing boom. Housing prices
dropped markedly in 2008-09 and, following a short respite in 2010, has since
continued to decline. The global financial crisis has exacerbated this cyclical
slowdown through increased borrowing costs and lower export demand, consumer
confidence, and investment. The global financial crisis cut Danish real GDP in
2008-09. Denmark made a modest recovery in 2010 with real GDP growth of 1.3%,
in part because of increased government spending; however, the country
experienced a technical recession in late 2010-early 2011. Historically low
levels of unemployment rose sharply with the recession and have remained at
about 6% in 2010-12, based on the national measure, about two-thirds average EU
unemployment. An impending decline in the ratio of workers to retirees will be
a major long-term issue. Denmark maintained a healthy budget surplus for many
years up to 2008, but the budget balance swung into deficit in 2009. In spite
of the deficits, the new coalition government delivered a modest stimulus to
the economy in 2012. Nonetheless, Denmark''s fiscal position remains among the
strongest in the EU with public debt at about 45% of GDP in 2012. Despite
previously meeting the criteria to join the European Economic and Monetary
Union (EMU), so far Denmark has decided not to join, although the Danish krone
remains pegged to the euro. Denmark held the EU presidency during the first
half of 2012; priorities included promoting a responsible, dynamic, green, and
safe Europe, while working to steer Europe out of its euro zone economic
crisis.
|
Source
: CIA |
Company name and address
BRUUNS
BAZAAR A/S
|
Kronprinsensgade 9 Kabenhavn K, 1114 Denmark
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Business
Description
Bruuns Bazaar A/S is primarily engaged in manufacturing apparel
and apparel accessories (except apparel knitting mills; cut and sew apparel
contractors; cut and sew apparel; hats and caps; mittens and gloves; and men's
and boys' neckwear). Jobbers for these products, who perform entrepreneurial
functions involved in other apparel and accessory manufacture, including buying
raw materials, designing and preparing samples, arranging for other apparel and
accessories to be made from their materials, and marketing finished other
apparel and accessories, are included. Examples of products made by these
establishments are apparel trimmings and findings, belts, Women's scarves, and
suspenders.
Industry
|
Industry |
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ANZSIC 2006: |
|
|
NACE 2002: |
1824 -
Manufacture of other wearing apparel and accessories not elsewhere classified
|
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NAICS 2002: |
315999 -
Other Apparel Accessories and Other Apparel Manufacturing |
|
UK SIC 2003: |
1824 -
Manufacture of other wearing apparel and accessories not elsewhere classified
|
|
UK SIC 2007: |
1419 -
Manufacture of other wearing apparel and accessories n.e.c. |
|
US SIC 1987: |
Key Executives
|
Name |
Title |
|
Bjørn Werring Bruun |
Managing Director / Director, Board Member |
|
Teis Werring Bruun |
Managing Director / Director, Board Member |
|
Ivona Bruun |
Board Member |
|
Marie Sofie Michael |
Board Member |
|
Henrik Thorup Theilbjørnn |
Bestyrelsesformand |
News
|
Title |
Date |
|
Fashion Scandinavia; contemporary
cool. |
1-Jun-2013 |
|
LE CHIC |
18-May-2013 |
|
Gap names executive vice president
of global design |
19-Sep-2012 |
|
US: Gap appoints Rebekka Bay as
head of global design |
18-Sep-2012 |
|
Gap taps new creative director -
Bizjournals.com |
17-Sep-2012 |
|
Gap names Rebekka Bay, former
designer at H&M, as head of global design |
17-Sep-2012 |
Registered No.(DNK): 17821849
1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.358236
2 - Balance Sheet Item Exchange Rate:
USD 1 = DKK 5.72535
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ANZSIC 2006 Codes: |
||
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1351 |
- |
Clothing
Manufacturing |
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NACE 2002 Codes: |
||
|
1824 |
- |
Manufacture of
other wearing apparel and accessories not elsewhere classified |
|
1822 |
- |
Manufacture of
other outerwear |
|
1821 |
- |
Manufacture of
workwear |
|
182 |
- |
Manufacture of
other wearing apparel and accessories |
|
NAICS 2002 Codes: |
||
|
315999 |
- |
Other Apparel
Accessories and Other Apparel Manufacturing |
|
315212 |
- |
Women's,
Girls', and Infants' Cut and Sew Apparel Contractors |
|
3152 |
- |
Cut and Sew
Apparel Manufacturing |
|
31522 |
- |
Men's and Boys'
Cut and Sew Apparel Manufacturing |
|
315228 |
- |
Men's and Boys'
Cut and Sew Other Outerwear Manufacturing |
|
315211 |
- |
Men's and Boys'
Cut and Sew Apparel Contractors |
|
31523 |
- |
Women's and
Girls' Cut and Sew Apparel Manufacturing |
|
315239 |
- |
Women's and
Girls' Cut and Sew Other Outerwear Manufacturing |
|
31521 |
- |
Cut and Sew
Apparel Contractors |
|
US SIC 1987: |
||
|
2389 |
- |
Apparel and
Accessories, Not Elsewhere Classified |
|
23 |
- |
Apparel and Other
Finished Products Made From Fabrics and Similar Materials |
|
233 |
- |
Women's,
Misses', and Juniors' Outerwear |
|
2339 |
- |
Women's,
Misses', and Juniors' Outerwear, Not Elsewhere Classified |
|
232 |
- |
Men's and Boys'
Furnishings, Work Clothing |
|
2385 |
- |
Waterproof
Outerwear |
|
UK SIC 2003: |
||
|
1824 |
- |
Manufacture of
other wearing apparel and accessories not elsewhere classified |
|
182 |
- |
Manufacture of
other wearing apparel and accessories |
|
18221 |
- |
Manufacture of
other men's outerwear |
|
1821 |
- |
Manufacture of
workwear |
|
18222 |
- |
Manufacture of
other women's outerwear |
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UK SIC 2007: |
||
|
1419 |
- |
Manufacture of
other wearing apparel and accessories n.e.c. |
|
1412 |
- |
Manufacture of
workwear |
|
141 |
- |
Manufacture of
wearing apparel, except fur apparel |
|
14132 |
- |
Manufacture of
women's outerwear, other than leather clothes and workwear |
|
14131 |
- |
Manufacture of men's
outerwear, other than leather clothes and workwear |
Bruuns Bazaar A/S is primarily engaged in manufacturing
apparel and apparel accessories (except apparel knitting mills; cut and sew apparel
contractors; cut and sew apparel; hats and caps; mittens and gloves; and men's
and boys' neckwear). Jobbers for these products, who perform entrepreneurial
functions involved in other apparel and accessory manufacture, including buying
raw materials, designing and preparing samples, arranging for other apparel and
accessories to be made from their materials, and marketing finished other
apparel and accessories, are included. Examples of products made by these
establishments are apparel trimmings and findings, belts, Women's scarves, and
suspenders.
|
|
Corporate Family
Corporate Structure News
Total Corporate Family Members: 2
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Bjørn Bruun Holding A/S |
Parent |
|
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Subsidiary |
København K |
Denmark |
Apparel and Accessories |
0.0 |
35 |
Executives Report
Board of Directors
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
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Bestyrelsesformand |
Director/Board Member |
|||
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Managing Director / Director, Board Member |
Director/Board Member |
|||
|
Managing Director / Director, Board Member |
Director/Board Member |
Executives
|
|
|
|||
|
Managing Director / Director, Board Member |
Managing Director |
|||
|
Managing Director / Director, Board Member |
Managing Director |
Fashion Scandinavia; contemporary cool.
Reference and
Research Book News
1 June, 2013
ISBN: 9780500290743
TITLE: Fashion Scandinavia; contemporary cool.
AUTHOR: Gundtoft, Dorothea.
PUBLISHER: Thames & Hudson
PUBLISH DATE: 2013
PAGES: 255
PRICE: $29.95
BINDING:
LIBRARY OF CONGRESS CLASSIFICATION: GT525
REVIEW: "Modern, understated and crafted" is how a designer for the Bruuns Bazaar label, interviewed by international fashion stylist/ writer Gundtoft, describes cutting-edge contemporary Scandinavian womenswear and menswear. Some 50 well-established and up-and coming designers (e.g., with Gaia, Hope, Ivana Helskini, Minimarke, Soulland) discuss their inspirations, careers, thoughts on creativity and industry trends. The majority of the numerous illustrations are in color. (© Book News, Inc., Portland, OR)
LE CHIC
Herald Sun
(Australia)
18 May, 2013
STYLED BY ANNA
BYRNE
Don a beret, Dior or some suitably stylish heels to look like a true Parisian
MELISSA ODABASH hat $133 from Stylebop
ALEX MONROE necklace $280
WITCHERY shoes $99.95
FOREVER NEW dress $130
DYLAN KAIN bag $490
DIOR glasses $450
JEANSWEST tee $30
WITCHERY trench $289
FOREVER NEW gloves $50
KIRRILY JOHNSTON coat $879 from Velvet Lane
MICHAEL MICHAEL KORS clutch $275 from My Wardrobe
ALANNAH HILL dress $389
DL & CO. Madame De Pompadour candle $139 from Velvet Lane
BRUUNS BAZAAR top $188 from My Wardrobe
FOREVER NEW beret $30
WITCHERY necklace $99.95
MATICEVSKI
WITCHERY heels $169.95
STOCKISTS
US: Gap
appoints Rebekka Bay as head of global design
just-style.com |
||
|
18 September,
2012 |
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Petah Marian |
||
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Gap names
executive vice president of global design
Datamonitor
RetailWire |
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19 September,
2012 |
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||
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||
Gap taps new creative director –
Bizjournals.com
Wall Street
Examiner |
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17 September,
2012 |
||
|
|
||
|
|
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Gap names
Rebekka Bay, former designer at H&M, as head of global design
Associated Press |
||
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17 September,
2012 |
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Gap taps new
creative director
San Francisco
Business Times (CA) |
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17 September,
2012 |
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Gap Inc. Announces Rebekka Bay as Creative Director and Head of Global
Design for Gap Brand
Business Wire
17 September, 2012
Design leader brings
global experience to help build upon brand’s long-term growth opportunities
SAN
FRANCISCO--(BUSINESS WIRE)-- Gap Inc. (GPS) today named Rebekka Bay as Creative
Director and Executive Vice President for Gap Global Design, effective October
1. She will be responsible for product sold online and in the nearly 1,600
stores in 42 countries in which Gap operates.
Rebekka Bay,
Creative Director and EVP of Gap Global Design (Photo: Business Wire)
A
critically-acclaimed designer, Bay conceptualized, developed and launched the
COS brand, part of the Hennes & Mauritz company. Rebekka spent five years
as creative director at COS, starting in 2006, a brand which is now successful
across Europe, Asia and the Middle East. Since 2011, she has served as creative
director at Bruuns Bazaar, overseeing the design of women’s and men’s
apparel.
“We’ve taken
the time to identify the right creative leader for Gap and we’ve found that in
Rebekka,” said Stephen Sunnucks, president, Gap Inc. international. “We’re
confident that Rebekka’s approach to design along with her considerable
international experience will allow her to help us build upon the momentum
we’re delivering in the business today.
Art Peck, president
of the brand’s North American division, added, “Over the past 17 years, a
passion for design and a deep understanding of what consumers want have driven
Rebekka Bay’s thriving career. Her designs are timeless and covetable.
Bay will be
responsible for Women’s, Men’s, 1969, Accessories and Body lines for
customers worldwide. She will report to Gap North America President Art Peck
and Gap International President Stephen Sunnucks.
“Few brands in the
world have the connection with customers that Gap enjoys today,” Bay said.
“I’m incredibly excited to join this talented team and bring Gap’s
American casual style to more and more customers.
Bay will be based
in New York, managing design teams there and at the 1969 office in Los Angeles,
and will work closely with Pam Wallack, who leads the Gap Global Creative
Center. Tracy Gardner will continue in her role as Creative Advisor to Gap.
About Gap Inc.
Gap Inc. is a
leading global specialty retailer offering clothing, accessories, and personal
care products for men, women, children, and babies under the Gap, Banana
Republic, Old Navy, Piperlime, and Athleta brands. Fiscal year 2011 net sales
were $14.5 billion. Gap Inc. products are available for purchase in about 90
countries worldwide through about 3,000 company-operated stores, about 250
franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.
Photos/Multimedia Gallery
Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50410399&lang=en
Gap Inc.
Edie Kissko, 415-427-4173
Edie_Kissko@gap.com
or
Liz Nunan, 415-427-5537
press@gap.com
Source: Gap Inc.
REBEKKA BAY
QUITS BRUUNS BAZAAR
MPDClick
17 September, 2012
Rebekka Bay is quitting Bruuns Bazaar, where she served as creative director since April 2011. She hands over charge to two of her own teammates, Louise Hedegaard Klausen and Tove Christensen. Danish fashion house Bruuns Bazaar has over the last couple of ...
Provided by Moreover
Technologies. Published by OneSource Information Services, Inc., September 2012
Annual
Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate (Period
Average) |
5.358236 |
5.623146 |
5.354263 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Gross Profit |
6.5 |
8.9 |
7.7 |
|
Operating Income |
-1.7 |
0.3 |
-1.8 |
|
Net Income |
-1.8 |
0.1 |
-2.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate |
5.72535 |
5.55485 |
5.18625 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total Assets |
10.0 |
9.9 |
14.1 |
|
Total Liabilities |
- |
- |
9.5 |
|
Total Equity |
2.7 |
4.5 |
4.5 |
Annual Ratios
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Current Ratio |
110.23 |
141.30 |
117.99 |
|
Total debt/total equity |
26.75 |
45.26 |
32.25 |
|
Return on average equity |
- |
2.25 |
- |
Annual Growth Rates
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
Yes |
Yes |
|
|
|
|
|
Marginal Contribution Percent Change |
-30.08% |
20.72% |
|
Operating Results Percent Change |
-652.22% |
117.64% |
|
Profit/Loss for the Year Percent Change |
-1,860.43% |
105.22% |
|
Assets Percent Change |
4.02% |
-24.53% |
|
Equity Capital Percent Change |
-38.53% |
5.93% |
|
Current Ratio Percent Change |
-21.99% |
19.76% |
|
Debt/Equity Ratio Percent Change |
-40.90% |
40.34% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.92 |
|
|
1 |
Rs.91.80 |
|
Euro |
1 |
Rs.78.18 |
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
SCs 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.