MIRA
INFORM REPORT
|
Report Date : |
30.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHOEBY-SHOP B.V. |
|
|
|
|
Registered Office : |
Burgemeester Burgerslaan 40A, 5245NH Rosmalen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1983 |
|
|
|
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Com. Reg. No.: |
16054462 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The operation of one
or more retail companies in the field of men's, women's, and children's
clothing |
|
|
|
|
No. of Employees : |
191 |
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 : |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
NETHERLANDS - ECONOMIC OVERVIEW
The Dutch economy is the sixth-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 in 2011. In 2012-13 tax revenues
dropped, GDP contracted, and the budget deficit deteriorated. Although jobless
claims continued to grow, the unemployment rate remained relatively low at 6.8
percent.
|
Source
: CIA |
Summary
Company name SHOEBY-SHOP
B.V.
Operative address Burgemeester
Burgerslaan 40A
5245NH Rosmalen
Netherlands
Legal form Private Company
Registration number KvK-nummer:
16054462
VAT-number 008202771
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
3.170.135 |
-17,99 |
3.865.754 |
5,65 |
3.659.092 |
|
Total receivables |
4.965.068 |
-63,26 |
13.514.744 |
357,64 |
2.953.156 |
|
Total equity |
3.138.383 |
-37,56 |
5.026.178 |
-15,50 |
5.948.013 |
|
Short term liabilities |
34.262.018 |
49,51 |
22.916.593 |
77,32 |
12.924.101 |
|
Net result |
-1.887.795 |
-104,79 |
-921.835 |
-413,39 |
294.152 |
|
Working capital |
-31.752 |
-102,74 |
1.160.424 |
-49,30 |
2.288.921 |
|
Quick ratio |
0,93 |
|
0,93 |
-5,10 |
0,98 |
Contact information
Company name Shoeby-Shop
B.V.
Trade names Shoeby
Fashion
Shoeby Fashion en J & M
Shoeby Fashion en J/M
Shoeby Shops J & M
Shoeby-Shop B.V.
Shoeby
Operative address Burgemeester
Burgerslaan 40A
5245NH Rosmalen
Netherlands
Correspondence address Postbus
12
5240AA Rosmalen
Netherlands
Telephone number 0735118019
Email address info@shoebyfranchise.nl
Website www.shoebyfashion.nl
Registration
Registration number KvK-nummer:
16054462
Branch number 000019091192
VAT-number 008202771
Status Active
First registration company register 1987-10-02
Memorandum 1987-09-29
Establishment date 1983-01-01
Legal form Private Company
Last proposed admendment 2011-03-22
Activities
SBI Shops
selling outerwear and clothing accessories (non-specialised) (47713)
Retail sale of
babies' and children's clothing (garments) (47714)
Exporter No
Importer No
Branche organisations Nederlandse
Thuiswinkel Organisatie
Goal The operation of one or more retail companies
in the field of men's, women's,
and children's clothing
Relations
Shareholders Shoeby-Shop
Holding B.V.
Burgemeester Burgerslaan 40a
5245NH ROSMALEN
Netherlands
Registration number: 160755430000
Percentage: 100.00%
Companies on same address Lake
Side Franchise B.V.
Registration number: 020401290000
Lake Side Rental B.V.
Registration number: 302274500000
Management
Active management Shoeby-Shop
Holding B.V.
Burgemeester Burgerslaan 40a
5245NH ROSMALEN
Netherlands
Registration number: 160755430000
Competence: Fully authorized
Function: Manager
Starting date: 1997-01-16
J.J. den Arend (Johannes Jan)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2005-01-24
Date of birth: 1961-07-06, Rotterdam, NL
Involved with the following companies
• VDR Holding B.V.
Burgemeester Burgerslaan 40A
5245NH Rosmalen
Netherlands
Registration number: 514500460000
Function: Manager
• Shoeby Franchise B.V.
Burgemeester Burgerslaan 40A
5245NH Rosmalen
Netherlands
Registration number: 160788430000
Function: Proxy
• Lake Side Franchise B.V.
Burgemeester Burgerslaan 40A
5245NH Rosmalen
Netherlands
Registration number: 020401290000
Function: Proxy
Employees
Total according to the Chamber of Commerce 191
Year 2014
2012 2011
2010 2009
Total 191
205 205
302 205
Payments
Description Payments
made under regular condition
Key figures
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Quick ratio |
0,93 |
0,93 |
0,98 |
0,75 |
0,34 |
|
Current ratio |
1,00 |
1,05 |
1,18 |
0,94 |
0,66 |
|
Working capital/ balance
total |
|
0,04 |
0,12 |
-0,05 |
-0,23 |
|
Equity / balance total |
0,08 |
0,18 |
0,32 |
0,27 |
0,32 |
|
Equity / Fixed assets |
0,99 |
1,30 |
1,63 |
0,85 |
0,58 |
|
Equity / liabilities |
0,09 |
0,22 |
0,46 |
0,36 |
0,47 |
|
Balance total /
liabilities |
1,09 |
1,22 |
1,46 |
1,36 |
1,47 |
|
Working capital |
-31.752 |
1.160.424 |
2.288.921 |
-996.228 |
-4.108.725 |
|
Equity |
3.138.383 |
5.026.178 |
5.948.013 |
5.653.861 |
5.625.583 |
|
Mutation equity |
-37,56 |
-15,50 |
5,20 |
0,50 |
24,68 |
|
Mutation short term liabilities |
49,51 |
77,32 |
-16,73 |
30,08 |
111,25 |
|
Return on total assets
(ROA) |
-5,05 |
-3,30 |
1,56 |
0,13 |
4,31 |
|
Return on equity (ROE) |
-60,15 |
-18,34 |
4,95 |
0,50 |
13,46 |
|
Gross margin |
7.160.577 |
8.204.084 |
13.275.247 |
15.713.992 |
13.516.676 |
|
Operating result |
-1.844.384 |
-786.077 |
461.824 |
165.713 |
901.542 |
|
Net result after taxes |
-1.887.795 |
-921.835 |
294.152 |
28.278 |
756.931 |
|
Cashflow |
-295.467 |
528.256 |
1.784.330 |
1.958.243 |
2.531.484 |
|
EBIT |
-1.844.384 |
-786.077 |
461.824 |
165.713 |
901.542 |
|
EBITDA |
-252.056 |
664.014 |
1.952.002 |
2.095.678 |
2.676.095 |
Summary The 2012 financial result
structure is a negative working captial of -31.752 euro, which is in agreement with
0 % of the total assets of the company.
The working capital has diminished with
-102.74 % compared to previous year. The ratio,
with respect to the total assets of the
company has however, declined.
The deterioration between 2011 and 2012 has
mainly been caused by an increase of the
current liabilities.
The current ratio of the company in 2012 was
1. When the current ratio is below 1.5, the
company may have problems meeting its
short-term obligations.
The quick ratio in 2012 of the company was 0.93.
A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
The 2011 financial result structure is a
postive working captial of 1.160.424 euro, which is in agreement with 4 % of
the total assets of the company.
The working capital has diminished with
-49.3 % compared to previous year. The ratio, with respect to the total assets
of the company has however, declined.
The deterioration between 2010 and 2011 has
mainly been caused by an increase of the
current liabilities.
The current ratio of the company in 2011 was
1.05. When the current ratio is below 1.5, the company may have problems
meeting its short-term obligations.
The quick ratio in 2011 of the company was
0.93. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
Financial statement
Type of annual account Corporate
Annual account Shoeby-Shop
B.V.
Burgemeester Burgerslaan 40A
5245NH Rosmalen
Netherlands
Registration number: 160544620000
Balance
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
|
Intangible fixed assets |
245.478 |
283.494 |
599.881 |
746.112 |
1.538.735 |
|
|
Tangible fixed assets |
2.844.543 |
3.489.312 |
2.953.998 |
5.826.013 |
8.195.573 |
|
|
Financial fixed assets |
80.114 |
92.948 |
105.213 |
77.964 |
|
|
|
Fixed assets |
3.170.135 |
3.865.754 |
3.659.092 |
6.650.089 |
9.734.308 |
|
|
Total stock |
2.435.039 |
2.863.442 |
2.568.307 |
2.885.594 |
3.813.634 |
|
|
Accounts receivable |
355.571 |
805.942 |
1.094.300 |
517.300 |
877.387 |
|
|
Other receivables |
4.609.497 |
12.708.802 |
1.858.856 |
11.068.774 |
1.714.797 |
|
|
Total receivables |
4.965.068 |
13.514.744 |
2.953.156 |
11.586.074 |
2.592.184 |
|
|
Liquid funds |
26.830.159 |
7.698.831 |
9.691.559 |
53.204 |
1.417.102 |
|
|
Current assets |
34.230.266 |
24.077.017 |
15.213.022 |
14.524.872 |
7.822.920 |
|
|
Total assets |
37.400.401 |
27.942.771 |
18.872.114 |
21.174.961 |
17.557.228 |
|
|
Issued capital |
18.151 |
18.151 |
18.151 |
18.151 |
18.151 |
|
|
Other reserves |
3.120.232 |
5.008.027 |
5.929.862 |
5.635.710 |
5.607.432 |
|
|
Total reserves |
3.120.232 |
5.008.027 |
5.929.862 |
5.635.710 |
5.607.432 |
|
|
Total equity |
3.138.383 |
5.026.178 |
5.948.013 |
5.653.861 |
5.625.583 |
|
|
Accounts payable |
162.214 |
235.603 |
133.353 |
212.548 |
|
|
|
Other short term
liabilities |
34.099.804 |
22.680.990 |
12.790.748 |
15.308.552 |
|
|
|
Short term liabilities |
34.262.018 |
22.916.593 |
12.924.101 |
15.521.100 |
11.931.645 |
|
|
Total short and long term liabilities |
34.262.018 |
22.916.593 |
12.924.101 |
15.521.100 |
11.931.645 |
|
|
Total liabilities |
37.400.401 |
27.942.771 |
18.872.114 |
21.174.961 |
17.557.228 |
|
Summary The
total assets of the company increased with 33.85 % between 2011 and 2012.
Despite the assets growth, the non current
assets decreased with -17.99 %.
Asset growth is in contrasts with the net
worth decline of -37.56 %. The company's
indebtedness has, therefore, increased with
49.51 %.
In 2012 the assets of the company were 8.48
% composed of fixed assets and 91.52 % by current assets. The assets are being
financed by an equity of 8.39 %, and total debt of 91.61 %.
The total assets of the company increased
with 48.06 % between 2010 and 2011.
The fixed asset growth of 5.65 % is lower
than the total asset growth.
Asset growth is in contrasts with the net
worth decline of -15.5 %. The company's indebtedness has, therefore, increased
with 77.32 %.
In 2011 the assets of the company were 13.83
% composed of fixed assets and 86.17 % by current assets. The assets are being
financed by an equity of 17.99 %, and total debt of 82.01 %.
Profit and loss
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
Gross margin |
7.160.577 |
8.204.084 |
13.275.247 |
15.713.992 |
13.516.676 |
|
|
Wages and salaries |
3.720.219 |
3.811.181 |
4.532.220 |
5.542.319 |
5.896.162 |
|
|
Amorization and
depreciation |
1.592.328 |
1.450.091 |
1.490.178 |
1.929.965 |
1.774.553 |
|
|
other operating costs |
3.692.414 |
3.728.889 |
6.791.025 |
8.075.995 |
4.944.419 |
|
|
Operating expenses |
9.004.961 |
8.990.161 |
12.813.423 |
15.548.279 |
12.615.134 |
|
|
Operating result |
-1.844.384 |
-786.077 |
461.824 |
165.713 |
901.542 |
|
|
Financial income |
|
|
171.175 |
170.443 |
|
|
|
Financial expenses |
43.411 |
135.758 |
338.847 |
307.878 |
144.611 |
|
|
Financial result |
-43.411 |
-135.758 |
-167.672 |
-137.435 |
-144.611 |
|
|
Result on ordinary operations before taxes |
-1.887.795 |
-921.835 |
294.152 |
28.278 |
756.931 |
|
|
Result of ordinary activities after taxes |
-1.887.795 |
-921.835 |
294.152 |
28.278 |
756.931 |
|
|
Net result |
-1.887.795 |
-921.835 |
294.152 |
28.278 |
756.931 |
|
Summary The gross
profit of the company decreased by -12.72 % between 2011 and 2012.
The operating result of the company declined
with -134.63 % between 2011 and 2012. This evolution implies an decrease of the
company's economic profitability.
The result of these changes is a reduction
of the company's Economic Profitability of -53.03 % of the analysed period,
being equal to 2011 % in the year 2012.
The Net Result of the company increased by
-104.79 % between 2011 and 2012.
The company's Financial Profitability has
been negatively affected by the financial activities in comparison to the EBITs
behaviour. The result of these variations is a profitability reduction of
-227.97 % of the analysed period, being -60.15 % in the year 2012.
The company's financial profitability has
been positively affected by its financial structure.
The gross profit of the company decreased by
-38.2 % between 2010 and 2011.
The operating result of the company declined
with -270.21 % between 2010 and 2011. This evolution implies an decrease of the
company's economic profitability.
The result of these changes is a reduction
of the company's Economic Profitability of -311.54 % of the analysed period,
being equal to 2010 % in the year 2011.
The Net Result of the company increased by
-413.39 % between 2010 and 2011.
The company's Financial Profitability has
been positively affected by the financial activities in comparison to the EBITs
behaviour. The result of these variations is a profitability increase of
-470.51 % of the analysed period, being -18.34 % in the year 2011.
The company's financial profitability has
been positively affected by its financial structure.
Analysis
Branch (SBI) Detailhandel
(niet in auto’s) (47)
Region Midden-Brabant
In the Netherlands 120043 of the companies
are registered with the SBI code 47
In the region Midden-Brabant 5352 of the
companies are registered with the SBI code 47
In the Netherlands 2540 of the bankrupcties
are published within this sector
In the region Midden-Brabant 99 of the
bankruptcies are published within this sector
The risk of this specific sector in the
Netherlands is normal
The risk of this specific sector in the
region Midden-Brabant is normal
Publications
Filings 08-01-2014:
De jaarrekening over 2012 is gepubliceerd.
16-01-2013: De jaarrekening over 2011 is
gepubliceerd.
05-10-2011: De jaarrekening over 2010 is
gepubliceerd.
07-12-2010: De jaarrekening over 2009 is
gepubliceerd.
10-02-2010: De
jaarrekening over 2008 is gepubliceerd.
Amendments 29-03-2011: Geplaatst kapitaal
gewijzigd in EUR 18.160,00 Gestort kapitaal gewijzigd in EUR 18.160,00.
29-03-2011: Per
22-3-2011 statuten gewijzigd.
Company structure
Relations 13
VDR Holding B.V.
Burgemeester Burgerslaan 40A
5245NH Rosmalen
Netherlands
Registration number: 514500460000
• Shoeby Retail Partners B.V.
Burgemeester Burgerslaan 40a
5245NH ROSMALEN
Netherlands
Registration number: 341343510000
• Shoeby-Shop Holding B.V.
Burgemeester Burgerslaan 40a
5245NH ROSMALEN
Netherlands
Registration number: 160755430000
• Shoeby-Shop B.V.
Burgemeester Burgerslaan 40A
5245NH Rosmalen
Netherlands
Registration number: 160544620000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.52 |
|
|
1 |
Rs.101.77 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.