MIRA INFORM REPORT
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Report Date : |
25.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
BESTSELLER A/S |
|
|
|
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Registered Office : |
Fredskovvej 5, Brande 7330 |
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Country : |
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Date of Incorporation : |
30.08.1982 |
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Com. Reg. No.: |
88216512 |
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|
|
Legal Form : |
Limited company |
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|
|
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Line of Business : |
·
Wholesale of clothing ·
Renting of non-residential buildings |
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|
|
|
No. of Employees : |
1990 |
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 |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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.
|
Source
: CIA |
Company Summary
|
Business Name |
BESTSELLER A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
88216512 |
|
Main Code |
464210 |
|
Main Activity |
Wholesale of clothing |
|
Company Status |
Active |
|
Latest Revenue |
|
|
Latest Shareholder Equity |
|
|
Basic
Information |
|
|
Business Name |
Bestseller A/S |
|
Registered Company Name |
Bestseller A/S |
|
Company Registration Number |
88216512 |
|
Country |
DENMARK |
|
Date of Company Registration |
1982-08-30 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
464210 |
|
Principal Activity Description |
Wholesale of clothing |
|
Contact Address |
Fredskovvej 5, Brande 7330 |
|
Contact Telephone Number |
99423200 |
|
Activities |
|
|
Activity Code |
Activity
Description |
|
464210 |
Wholesale of clothing |
|
682040 |
Renting of non-residential buildings |
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Previous Names |
|
|
Previous Name |
Date Changed from Previous Name |
|
A/S af 30/8 1982 |
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|
Bestseller Wholesale A/S |
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Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Fredskovvej 5, Brande 7330 |
DENMARK |
99423200 |
|
Email Addresses |
|
contact@bestseller.com |
|
Web Pages |
|
www.bestseller.com |
Directors/Managers
|
Current
Directors |
||
|
Name |
Position |
Start Date |
|
Anders Holch Povlsen |
Managing director |
2001-07-04 |
|
Lisbeth Holm Højgaard |
General manager |
2003-04-25 |
|
Lise Kaae |
General manager |
2009-02-03 |
|
Merete Bech Povlsen |
Chairman |
|
|
Troels Holch Povlsen |
Member of the board |
|
|
Anders Holch Povlsen |
Member of the board |
1998-09-24 |
|
Finn Poulsen |
Member of the board |
2001-07-04 |
|
Anders Holch Povlsen |
Sales |
2003-06-03 |
|
Negative Information |
|
No negative information on this company. |
Share Capital Structure
|
Currency |
DKK |
|
Nominal Share Capital |
110.000.000 |
Na
|
Ultimate Holding
Parent |
|
|
Name |
Country |
|
Bestseller United A/S |
DENMARK |
|
Subsidaries |
|
|
Name |
Country |
|
Bestseller AS |
NORWAY |
|
Bestseller Sverige AB |
SWEDEN |
|
Bestseller Textilhandels GmbH |
GERMANY |
|
Bestseller Wholesale Benelux BV |
NETHERLANDS |
|
Bestseller United India Private Ltd |
INDIA |
|
Bestseller Retail Europe A/S |
DENMARK |
|
Bestseller Norge Detalj AS |
NORWAY |
|
Bestseller Retail AS |
NORWAY |
|
Bestseller Wholesale Finland OY |
FINLAND |
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Bestseller Wholesale Ireland Ltd |
IRELAND |
|
Bestseller (Schweiz) AG |
SWITZERLAND |
|
Bestseller Tekstil Ltd |
TURKEY |
|
Bestseller Handels GmbH |
AUSTRIA |
|
Bestseller Wholesale UK Ltd |
UNITED KINGDOM |
|
Bestseller Wholesale Spain SL |
SPAIN |
|
Bestseller Retail Denmark A/S |
DENMARK |
|
AHPK GmbH |
GERMANY |
|
Belokan Oy |
FINLAND |
|
Bestseller Retail Belgium BVBA |
BELGIUM |
|
Bestseller Wholesale Belgium BVBA |
BELGIUM |
|
Bestseller Italy SpA |
ITALY |
|
Bestseller United Italy SpA |
ITALY |
|
Bestseller Retail A-Einzelhandels GmbH |
AUSTRIA |
|
Bestseller Wholesale France SAS |
FRANCE |
|
Bestseller United China Ltd |
CHINA |
|
Bestseller Rus LLC |
RUSSIAN FEDERATION |
|
Bestseller Retail A/S |
DENMARK |
|
Retailaktieselskabet af 1.1.2006 |
DENMARK |
|
Aktieselskabet af 17.11.2011 |
DENMARK |
|
Bestseller Retail Canada Inc |
CANADA |
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Bestseller Retail France SaS |
FRANCE |
|
BRN Best Retail Norge AS |
NORWAY |
|
VM Retail B.V. |
NETHERLANDS |
|
AHMB AB |
SWITZERLAND |
|
Bestseller Wholesale Canada Inc. |
CANADA |
|
Bestseller Middle East A/S |
DENMARK |
|
Bestseller Retail United Italy SpA |
ITALY |
|
JJUP United Portugal, Unipessoal Lda. |
PORTUGAL |
|
Bestseller Birlesik Tekstil Ltd. |
TURKEY |
|
BS Property Italy SpA |
ITALY |
|
Bestseller Handels AG |
SWITZERLAND |
|
Aktieselskabet af 24.5.2011 |
DENMARK |
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013-07-31 |
2012-07-31 |
2011-07-31 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
10.911.711.000 |
10.080.722.000 |
10.046.480.000 |
|
Operating Profit |
1.103.443.000 |
912.400.000 |
1.341.074.000 |
|
Retained Profit |
732.058.000 |
770.300.000 |
1.426.956.000 |
Balance Sheet
|
Financial Date |
2013-07-31 |
2012-07-31 |
2011-07-31 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
9.127.830.000 |
8.741.968.000 |
8.125.728.000 |
|
Other Reserves |
5.580.610.000 |
6.001.781.000 |
5.347.331.000 |
Na
Other Information
|
Employee Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
1990 |
|
2012 |
1810 |
|
2011 |
1562 |
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Real Estate |
|
|
Real Estate |
No |
|
Other Trading
Names |
|
|
Type |
Name |
|
Popular name |
Bestseller Danmark |
|
Popular name |
Jack & Jones |
|
Popular name |
Jacqueline De Young |
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Global Trading
Information |
|
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Export |
Worldwide |
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Import |
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Other
Information |
|
|
Type |
Text |
|
Historical data |
The company has per 1998 transferred some of its former activities to
Bestseller Detail A/S Reg. 242.941. |
|
Historical data |
The company merged on 02-05-2006 with Ejendomsselskabet af 27/4 1998
A/S (10048893), the registered company being the continuing one. |
|
Capital conditions |
fully paid up |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
INFORMATION DETAILS
|
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.