MIRA INFORM REPORT

 

 

Report Date :

30.01.2014

 

IDENTIFICATION DETAILS

 

Name :

ETAM GROEP RETAIL B.V.

 

 

Registered Office :

Oostweg 2, 2723RH Zoetermeer

 

 

Country :

Netherlands

 

 

Financials (as on) :

1997

 

 

Date of Incorporation :

01.01.1983

 

 

Com. Reg. No.:

27086129

 

 

Legal Form :

Private Company

 

 

Line of Business :

Subject is engaged in Operation of retail business in women's and girls' outerwear.

 

 

No. of Employees :

90

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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.

 

           

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

 

Summary

 

Company name                         ETAM GROEP RETAIL B.V.

Operative address                      Oostweg 2

2723RH Zoetermeer

Netherlands

 

Legal form                                 Private Company

Registration number                   KvK-nummer: 27086129

VAT-number                              003253387

 

 

Contact information

 

Company name                         Etam Groep Retail B.V.

 

Trade names                             Etam Groep Retail B.V.

Promiss

Promiss Holding

Etam Retail Services

EG Direct

 

Operative address                      Oostweg 2

2723RH Zoetermeer

Netherlands

 

Correspondence address            Postbus 101

2700AC Zoetermeer

Netherlands                  

 

Telephone number                      0797972000

 

Fax number                               0797972006

 

Email address                           etam@euronet.nl

 

Website                                    www.missetam.nl

 

 

Registration

 

Registration number                   KvK-nummer: 27086129

Branch number                          000020053126

VAT-number                              003253387

Status                                       Active

Memorandum                            1974-12-30

Establishment date                    1983-01-01

Legal form                                 Private Company

Last proposed admendment        2014-01-01

 

 

Activities

 

SBI                                           (47712)

Storage in distribution centres and other storage (not in tanks, refrigerated warehouses etc.)

(52109)

Support activities for the own enterprise group (70101)

 

Exporter                                    No

 

Importer                                    No

Goal                                         Operation of retail business in women's and girls' outerwear. The provision of advice and the provision of services on administrative, technical, financial, economic or administrative area to enterprises and companies with which the company is connected in a group and to third parties.

 

 

 

Relations  

 

Shareholders                             Etam Holding B.V.

Oostweg 2

2723RH ZOETERMEER

Netherlands

Registration number: 270102400000

Percentage: 100.00%

 

Companies on same address      Etam Groep B.V.

Registration number: 271313640000

 

Etam Holding B.V.

Registration number: 270102400000

 

Liability statements                    Etam Groep B.V.

Oostweg 2

2723RH Zoetermeer

Netherlands

Registration number: 271313640000

date of issue: 2005-11-30

Starting date: 2002-08-01

End date: 2013-12-31

 

Management

 

Active management                    Etam Holding B.V.

Oostweg 2

2723RH ZOETERMEER

Netherlands

Registration number: 270102400000

Competence: Fully authorized

Function: Manager

Starting date: 2014-01-01

 

 

Employees

 

Total according to the Chamber of Commerce                   90

 

Year                 2013                 2007                 1997                 1996                 1995

Total                 90                     825                   825                   736                   682

 

 

 

Payments

 

Score                6,8

Description        The payments are regular

 

 

Financial statement

 

Type of annual account                           Corporate

Annual account                                      Etam Groep Retail B.V.

Oostweg 2

2723RH Zoetermeer

Netherlands

Registration number: 27086129

 

 

Profit and loss

 

Year                                                     1997                      1996

Revenues                                  146.036.992                  145.000

Net turnover                               141.200.992                  140.000

Gross margin                             61.405.000                    59.000

Extra operating income               4.836.000                      5.000

Operating expenses                   132.865.000                  130.000

Operating result                         13.172.000                   16.000

Financial expenses                         417.000

Financial result                              -417.000

Result on ordinary operations

before taxes                              12.755.000                    15.000

Taxation on the result of

ordinary activities                       4.495.000                     5.000

Result of ordinary activities

after taxes                                 8.260.000                     10.000

Net result                                  8.260.000                      10.000

 

 

Analysis

 

Branch (SBI)                              Detailhandel (niet in auto’s) (47)

Region                                      Groot Den Haag

In the Netherlands 120196 of the companies are registered with the SBI code 47

In the region Groot Den Haag 7145 of the companies are registered with the SBI code 47

In the Netherlands 2322 of the bankrupcties are published within this sector

In the region Groot Den Haag 123 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 Groot Den Haag is normal

 

 

Publications

 

Consent statements                   13-02-2013: Voor boekjaar 2012 is een instemmingsverklaring gedeponeerd.

16-10-2012: Voor boekjaar 2011 is een instemmingsverklaring gedeponeerd.

24-08-2011: Voor boekjaar 2010 is een instemmingsverklaring gedeponeerd.

05-02-2010: Voor boekjaar 2009 is een instemmingsverklaring gedeponeerd.

 

Functions                                  09-01-2014: Per 01-01-2014 is bestuurder 27010240 Etam Holding B.V. in functie getreden.

09-01-2014: Per 01-01-2014 is bestuurder 27131364 Etam Groep B.V. uit functie getreden.

09-01-2014: Per 01-01-2014 is bestuurder Robert Paul Maria Herbermann uit functie

getreden.

13-05-2013: Per 03-05-2013 is bestuurder Petrus Christiaan Stehmann uit functie getreden.

23-03-2011: Per 01-12-2010 is bestuurder Petrus Christiaan Stehmann in functie getreden.

 

Mergers                                    09-01-2014: Op 31-12-2013 fusieakte verleden. Verkrijgende rechtspersoon: Etam Groep

Retail B.V., 27086129 Verdwijnende rechtspersonen: Promiss B.V., 27123678 Promiss

Holding B.V., 27095429 Etam Retail Services B.V., 27158954 EG Direct B.V., 27134606.

31-10-2013: Op 30-10-2013 fusievoorstel gedeponeerd. Verkrijgende rechtspersoon: Miss

Etam B.V., 27086129 Verdwijnende rechtspersonen: Promiss B.V., 27123678 Promiss

Holding B.V., 27095429 Etam Retail Services B.V., 27158954 EG Direct B.V., 27134606.

 

Amendments                             09-01-2014: Geplaatst kapitaal gewijzigd in EUR 45.000,00 Gestort kapitaal gewijzigd in EUR 45.000,00.

09-01-2014: Per 31-12-2013 statuten gewijzigd. Per 1-1-2014 naam gewijzigd in: Etam Groep Retail B.V..

25-08-2011: Per 1-12-2010 is de bevoegdheid van Bestuurder Petrus Christiaan Stehmann

gewijzigd.

25-08-2011: Per 30-11-2007 is de bevoegdheid van Bestuurder 27131364 Etam Groep B.V. gewijzigd.

25-08-2011: Per 1-3-2011 is de bevoegdheid van Bestuurder Robert Paul Maria Herbermann gewijzigd.

 

 

Company structure

 

Relations                                   7

 

Etam Groep B.V.

Oostweg 2

2723RH Zoetermeer

Netherlands

Registration number: 271313640000

• Etam Holding B.V.

Oostweg 2

2723RH ZOETERMEER

Netherlands

Registration number: 270102400000

• Etam Groep Retail B.V.

Oostweg 2

2723RH Zoetermeer

Netherlands

Registration number: 27086129

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.20

UK Pound

1

Rs.103.12

Euro

1

Rs.84.96

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.