|
Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEPT. STORE B.V. |
|
|
|
|
Registered Office : |
Mangaan 11 5234GD 's-Hertogenbosch |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
|
Date of Incorporation : |
07.05.1987 |
|
|
|
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Com. Reg. No.: |
16053644 |
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|
|
|
Legal Form : |
Besloten
Vennootschap |
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|
|
|
Line of Business : |
Retail sale of ladies' and men's outerwear (general assortment) |
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|
|
|
No. of Employees : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Insolvent / Activities Ceased |
|
Payment Behaviour : |
-- |
|
Litigation : |
-- |
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
|
Company name |
Dept. Store B.V. |
|
Tradename |
Dept. Store B.V. |
|
Address |
Mangaan 11 |
|
|
5234GD 's-Hertogenbosch |
|
|
Netherlands |
|
Mail address |
Mangaan 11 |
|
|
5234GD 's-Hertogenbosch |
|
|
Netherlands |
|
Telephone number |
0736147458 |
|
E-mail address |
|
|
Website |
|
|
VAT number / RSIN |
008204226 |
|
Branch(es) |
Dept. Store B.V.
(16053644.0001) |
|
|
Steenweg 44 |
|
|
3511JS UTRECHT |
|
|
Dept. Store B.V.
(16053644.0002) |
|
|
Heiligeweg 49 -51 |
|
|
1012XP AMSTERDAM |
|
|
Dept. Store B.V.
(16053644.0003) |
|
|
Kleine Staat 20 |
|
|
6211EE MAASTRICHT |
|
|
Dept. Store B.V.
(16053644.0004) |
|
|
Leidsestraat 9 |
|
|
1017NS AMSTERDAM |
|
|
Dept. Store B.V.
(16053644.0005) |
|
|
Bataviaplein 77 |
|
|
8242PP LELYSTAD |
Calamity
Default
Date:
02-01-2013
Reference:
F.12/1218
Judge
commissioner Mr. P.J.
Neijt
|
Trustee |
mr. Ph.W. Schreurs |
|
|
Moeskampweg 3 |
|
|
5222AW 's-Hertogenbosch |
|
|
Telephone: 040-7630000 |
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Court |
Court 's-Hertogenbosch |
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|
Visiting address:
Leeghwaterlaan 8 |
|
|
5223BA 's-Hertogenbosch |
|
|
Telephone: 0736202020 |
|
|
Mail address: Postbus
7058 |
|
|
5201CZ 's-Hertogenbosch |
|
Credit limit |
A relation with this
company is not advised |
|
Risk factor |
Insolvent / Activities
ceased |
|
Handelsregisternummer |
16053644 |
|
Registered in |
Chamber of commerce Brabant |
|
First registration |
07-05-1987 |
|
Act of foundation |
18-02-1987 |
|
Date of constitution |
01-03-1997 |
|
Last change in statutes |
20-11-1997 |
|
Legal form |
Besloten Vennootschap |
|
Place of constitution |
's-Hertogenbosch |
|
Issued capital |
20.420,11 |
|
Paid up capital |
20.420,11 |
NACE-code Retail
sale of ladies' and men's outerwear (general assortment) (524241)
SBI-code Shops selling outerwear and clothing
accessories (non-specialised) (47713)
Formal objective De detailhandel in dames- en
herenkleding
|
Employees |
Total: 12 |
|
|
|
Employees according to CoC |
Chamber of commerce: 12 |
|
|
|
Bookyear |
2013 |
2012 |
2011 |
|
Number |
12 |
12 |
73 |
|
Change |
0,00% |
-83,56% |
5,80% |
Shareholder
Dept B.V.
Mangaan 11
5234GD 'S-HERTOGENBOSCH
Netherlands
KvK: 16049874
Active since: 16-01-2008
Percentage: 100.00%
Ultimate
parent company Zinvest Fashion
B.V.
Heuvel 19
5664HL GELDROP
KvK: 17215045
Holding
company Dept B.V.
Mangaan 11
5234GD 'S-HERTOGENBOSCH
KvK: 16049874
Bank ING Bank
NV
|
Management |
H. Pieterman |
|
|
Hans |
|
|
Authorization: Fully
authorized |
|
|
Position: Manager |
|
|
Date appointed:
30-11-2012 |
|
|
Date of birth: 06-06-1955 |
Publication
financial statement Annual accounts
2011 are published on 06-12-2012
Annual accounts 2010 are published on 02-05-2011
Annual accounts 2009 are published on 22-07-2010
Annual accounts 2008 are published on 23-10-2009
Annual accounts 2007 are published on 10-09-2008
Type
of publication Corporate
Publication
Publication
according to obligations by law
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
0,99 |
0,71 |
3,86 |
|
Current ratio |
1,36 |
1,71 |
5,22 |
|
Nett workingcapital / Balance total |
0,27 |
0,19 |
0,59 |
|
Capital and reserves / Balance total |
-0,20 |
0,74 |
0,78 |
|
Capital and reserves / Fixed assets |
- |
1,33 |
2,85 |
|
Solvency |
-0,27 |
2,84 |
5,61 |
|
Nett workingcapital |
758.013 |
905.220 |
3.060.662 |
|
Capital and reserves |
-557.987 |
3.615.810 |
4.069.711 |
|
Change capital and reserves |
-115,43% |
-11,15% |
378,51% |
|
change short term liabilities |
65,13% |
75,25% |
8,21% |
|
Operating profit |
|
2.741.000 |
10.296.000 |
|
Nett Turnover |
|
46.964.000 |
52.753.000 |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2011
Type of publication Consolidated
Turnover 2010:
46.964.000
2009: 52.753.000
Gross profit 2008:
20.433.000
2007: 26.205.000
2006: 16.570.000
Operating profit 2010:
2.741.000
2009: 10.296.000
2008: 9.009.000
2007: 5.319.000
2006: 2.604.000
Result after taxes 2010:
1.132.000
2009: 6.874.000
2008: 6.488.000
2007: 3.859.000
2006: 1.865.000
Tendency Activities
are suspended
Capital and reserves 2011
-557.987
Total debt 2011
3.416.809
Current ratio 2011
1,36
Quick ratio 2011
0,99
Nett workingcapital 2011
758.013
Currency Euro
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Intangible assets |
|
297.500 |
350.000 |
|
Tangible assets |
|
2.406.396 |
1.077.662 |
|
Financial assets |
|
6.694 |
2 |
|
Fixed assets |
|
2.710.590 |
1.427.664 |
|
|
|||
|
Stocks and work in progress |
784.727 |
1.276.556 |
986.919 |
|
Accounts receivable |
1.733.137 |
551.306 |
2.300.225 |
|
Liquid assets |
340.958 |
349.541 |
499.444 |
|
Current assets |
2.858.822 |
2.177.403 |
3.786.588 |
|
Total assets |
2.858.822 |
4.887.993 |
5.214.252 |
|
|
|||
|
Capital and reserves |
-557.987 |
3.615.810 |
4.069.711 |
|
Provisions |
1.316.000 |
|
418.615 |
|
Total short term debt |
2.100.809 |
1.272.183 |
725.926 |
|
Total debt |
3.416.809 |
1.272.183 |
1.144.541 |
|
Total Liabilities |
2.858.822 |
4.887.993 |
5.214.252 |
|
|
|||
|
PROFIT & LOSS ACCOUNT |
|
|
|
|
BOOKYEAR |
|
2010 |
2009 |
|
Turnover |
|
46.285.000 |
49.253.000 |
|
Other operating income |
|
679.000 |
3.500.000 |
|
Nett Turnover |
|
46.964.000 |
52.753.000 |
|
Wages employees |
|
8.133.000 |
4.889.000 |
|
Depreciation and amortization |
|
1.479.000 |
966.000 |
|
Raw materials |
|
23.324.000 |
25.440.000 |
|
Other operating charges |
|
11.287.000 |
11.162.000 |
|
Operating charges |
|
44.223.000 |
42.457.000 |
|
Operating profit |
|
2.741.000 |
10.296.000 |
|
Financial income |
|
387.000 |
325.000 |
|
Financial charges |
|
1.054.000 |
835.000 |
|
Financial result |
|
-667.000 |
-510.000 |
|
Result before taxes |
|
2.074.000 |
9.786.000 |
|
Income taxes |
|
943.000 |
2.912.000 |
|
Result after taxes |
|
1.131.000 |
6.874.000 |
|
Nett result |
|
1.132.000 |
6.874.000 |
|
Merger and demerger |
Op 21-12-2010 merger
taken place. New registration: Dept. Store B.V., 16053644 Disappearing
registration: Dept. Store Breda B.V., 17148743 Dept. Store Enschede B.V.,
17155832. Op 04-11-2010 merger
proposal filed. New registration: Dept. Store B.V., 16053644 Disappearing
registration: Dept. Store Breda B.V., 17148743 Dept. Store Enschede B.V.,
17155832. |
|
Management |
Per 30-11-2012 manager
Hans Pieterman appointed. Per 30-11-2012 manager
16049874 Dept B.V. out of office. |
• Zinvest Fashion B.V.
(17215045) GELDROP
o Dept B.V. (16049874)
'S-HERTOGENBOSCH
Subsidiary
■
Dept. Store B.V. (16053644) 's-Hertogenbosch Subsidiary Calamity: Default
o J.C. Rags B.V. (16064764)
's-Hertogenbosch
Subsidiary o Thijm B.V. (17082982)
BEST
Subsidiary o Hoth B.V. (24241812)
GELDROP
Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.