MIRA
INFORM REPORT
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Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SHOEBY FRANCHISE B.V. |
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Registered Office : |
Burgemeester Burgerslaan 40A Rosmalen, 5245 NH |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.06.1995 |
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Com. Reg. No.: |
16078843 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
· wholesaler of yarn · wholesaler of fabrics · wholesaler of household linen · wholesaler of haberdashery including needles & sewing thread |
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No. of Employees : |
184 (31.12.2011) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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 tax revenues dropped nearly 9%, 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
Company name and address
Shoeby Franchise B.V.
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Business Description
Shoeby Franchise B.V. is primarily engaged in wholesale of yarn;
wholesale of fabrics; wholesale of household linen.; and wholesale of
haberdashery including needles & sewing thread
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
424310 -
Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Registered No.(NLD): 16078843
1 -
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
Corporate Overview
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Corporate Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Vdr Holding B.V. |
Parent |
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Subsidiary |
Rosmalen, Noord-Brabant |
Netherlands |
Clothing and Apparel Wholesale |
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7 |
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Subsidiary |
Rosmalen, Noord-Brabant |
Netherlands |
Banking |
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Subsidiary |
Rosmalen, Noord-Brabant |
Netherlands |
Securities |
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Subsidiary |
Rosmalen, Noord-Brabant |
Netherlands |
Clothing and Apparel Stores |
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Subsidiary |
Rosmalen, Noord-Brabant |
Netherlands |
Clothing and Apparel Wholesale |
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Subsidiary |
Rosmalen, Noord-Brabant |
Netherlands |
Clothing and Apparel Wholesale |
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Subsidiary |
Rosmalen, Noord-Brabant |
Netherlands |
Securities |
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Subsidiary |
Rosmalen, Noord-Brabant |
Netherlands |
Non-store Retail |
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Executives
Report
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financial data
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Annual Profit & Loss |
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Financials in: USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate (Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Gross profit |
36.8 |
37.0 |
31.6 |
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Total payroll costs |
10.6 |
8.0 |
7.6 |
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Change in value of fixed assets arising from revaluation |
1.4 |
1.4 |
1.3 |
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Other operating costs |
12.1 |
13.7 |
13.7 |
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Net operating income |
12.7 |
13.9 |
9.0 |
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Total financial income |
0.4 |
- |
0.4 |
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Total expenses |
0.4 |
0.2 |
0.1 |
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Profit before tax |
12.7 |
13.7 |
9.3 |
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Profit on ordinary activities after tax |
12.7 |
13.7 |
9.3 |
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Profit after tax |
12.7 |
13.7 |
9.3 |
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Net profit |
12.7 |
13.7 |
9.3 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Other reserves |
48.7 |
38.1 |
25.9 |
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Total stockholders equity |
48.8 |
38.1 |
26.0 |
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Total long-term liabilities |
14.5 |
- |
- |
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Trade creditors |
5.5 |
5.4 |
3.2 |
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Total current liabilities |
17.6 |
8.9 |
6.1 |
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Total liabilities (including net worth) |
80.9 |
47.0 |
32.1 |
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Intangibles |
0.9 |
1.0 |
1.2 |
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Total tangible fixed assets |
3.9 |
4.2 |
5.9 |
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Total asset investment |
11.3 |
2.1 |
1.8 |
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Total non-current assets |
16.1 |
7.4 |
8.8 |
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Net stocks and work in progress |
6.2 |
6.1 |
5.4 |
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Trade debtors |
11.6 |
7.8 |
7.5 |
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Other receivables |
46.9 |
13.1 |
6.8 |
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Total receivables |
58.5 |
20.9 |
14.3 |
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Cash and liquid assets |
0.1 |
12.7 |
3.5 |
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Total current assets |
64.8 |
39.6 |
23.2 |
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Total assets |
80.9 |
47.0 |
32.1 |
Annual Ratios
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
3.70 |
4.50 |
3.80 |
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Acid test ratio |
3.30 |
3.80 |
2.90 |
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Current liabilities to net worth |
0.37% |
0.24% |
0.25% |
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Fixed assets to net worth |
0.34% |
0.20% |
0.36% |
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Return on assets |
0.15% |
0.30% |
0.30% |
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Shareholders' return |
0.25% |
0.37% |
0.39% |
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Profit per employee |
49.55 |
48.52 |
33.09 |
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Return on capital |
0.19% |
0.36% |
0.37% |
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Average wage per employee |
41.31 |
28.47 |
26.88 |
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Net worth |
47.9 |
37.1 |
24.8 |
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Number of employees |
184 |
213 |
202 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.12 |
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1 |
Rs.103.93 |
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Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.