MIRA
INFORM REPORT
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Report Date : |
29.11.2014 |
IDENTIFICATION DETAILS
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Name : |
DOBOTEX B.V. |
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Registered Office : |
De Waterman 2, 5215MX 's-Hertogenbosch |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
03.07.1989 |
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Com. Reg. No.: |
16068007 |
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Legal Form : |
Private Company |
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Line of Business : |
· Engaged as Distributors of Puma Sports, Lifestyle & fashion legwear Engaged
in Developing, Producing & Distributing Socks & Panties |
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No of Employees : |
45 (2014) |
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.
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Source : CIA |
company Summary
Company name Dobotex B.V.
Operative address De Waterman 2
5215MX 's-Hertogenbosch
Status Active
Specification This company can
meet all its obligations.
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
16068007
VAT-number 801470821
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
8.291.000 |
-1,85 |
8.447.000 |
-5,68 |
8.956.000 |
|
Total receivables |
25.488.000 |
-28,49 |
35.645.000 |
-35,81 |
55.531.000 |
|
Total equity |
34.723.000 |
-24,29 |
45.866.000 |
-26,08 |
62.044.000 |
|
Short term liabilities |
26.172.000 |
-0,14 |
26.208.000 |
2,55 |
25.557.000 |
|
Net result |
28.862.000 |
22,27 |
23.605.000 |
10,75 |
21.314.000 |
|
Working capital |
26.599.000 |
-29,01 |
37.467.000 |
-29,77 |
53.350.000 |
|
Quick ratio |
1,24 |
-32,97 |
1,85 |
-19,57 |
2,30 |
Contact information
Company name Dobotex B.V.
Trade names Dobotex B.V.
Operative address De Waterman 2
5215MX 's-Hertogenbosch
Correspondence address Postbus 332
5201AH 's-Hertogenbosch
Telephone number 0736889393
Fax number 0736889399
Email address info@dobotex-international.com
Website www.dobotex-international.com
Registration
Registration number KvK-nummer:
16068007
Branch number 000016500423
VAT-number 801470821
Status Active
First registration
company register 1992-10-23
Memorandum 1992-10-22
Establishment date 1989-07-03
Legal form Besloten
Vennootschap (Private Company)
Activities
· Engaged as Distributors of Puma Sports, Lifestyle & fashion legwear
Engaged
in Developing, Producing & Distributing Socks & Panties
Relations
Shareholders
Dobotex International B.V.
De Waterman 2
5215MX 's-Hertogenbosch
Registration number: 160794710000
Percentage: 100%
Bank details
Accounts ABN
Amro Bank NV
Account number:
60.31.16.264
Management
Active management Dobotex International
B.V.
De Waterman 2
5215MX 's-Hertogenbosch
Registration number: 160794710000
Competence: Fully authorized
Function: Manager
Starting date: 2008-12-15
Employees
Total according to the Chamber of Commerce 45
Year 2014 2013 2012 2011
2010
Total 45 45 45 45
53
Payments
Description Payments made under regular
condition
Key figures
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|||||||||
|
Quick ratio |
1,24 |
1,85 |
2,30 |
1,93 |
1,10 |
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Current ratio |
2,02 |
2,43 |
3,09 |
2,74 |
1,65 |
|||||||||
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Working capital/ balance total |
0,44 |
0,52 |
0,61 |
0,53 |
0,31 |
|||||||||
|
Equity / balance total |
0,57 |
0,64 |
0,71 |
0,68 |
0,50 |
|||||||||
|
Equity / Fixed assets |
4,19 |
5,43 |
6,93 |
4,15 |
2,27 |
|||||||||
|
Equity / liabilities |
1,32 |
1,75 |
2,40 |
2,08 |
0,99 |
|||||||||
|
Balance total / liabilities |
2,32 |
2,75 |
3,40 |
3,08 |
1,99 |
|||||||||
|
Working capital |
26.599.000 |
37.467.000 |
53.350.000 |
32.163.000 |
14.743.000 |
|||||||||
|
Equity |
34.723.000 |
45.866.000 |
62.044.000 |
40.868.000 |
23.717.000 |
|||||||||
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Mutation equity |
-24,29 |
-26,08 |
51,82 |
72,32 |
--- |
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Mutation short term liabilities |
-0,14 |
2,55 |
38,36 |
-18,14 |
---- |
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Return on total assets (ROA) |
62,19 |
42,47 |
31,92 |
38,33 |
45,32 |
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Return on equity (ROE) |
109,37 |
66,78 |
45,21 |
56,72 |
91,26 |
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Gross profit margin |
26,64 |
24,36 |
26,29 |
26,64 |
28,32 |
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Net profit margin |
21,23 |
19,70 |
19,04 |
18,54 |
18,79 |
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Average collection ratio |
5,20 |
4,57 |
4,38 |
5,01 |
3,78 |
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Average payment ratio |
5,34 |
3,36 |
2,02 |
2,82 |
3,95 |
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Equity turnover ratio |
3,92 |
2,61 |
1,80 |
2,26 |
3,60 |
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Total assets turnover ratio |
2,23 |
1,66 |
1,27 |
1,53 |
1,79 |
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Fixed assets turnover ratio |
16,40 |
14,18 |
12,50 |
9,39 |
8,17 |
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Inventory conversion ratio |
6,66 |
7,87 |
5,55 |
6,17 |
6,82 |
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Turnover |
135.979.000 |
119.797.000 |
111.948.000 |
92.463.000 |
85.328.000 |
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Gross margin |
49.940.000 |
68.221.000 |
64.900.000 |
56.182.000 |
54.127.000 |
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Operating result |
36.225.000 |
29.180.000 |
29.428.000 |
24.632.000 |
24.163.000 |
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Net result after taxes |
28.862.000 |
23.605.000 |
21.314.000 |
17.144.000 |
16.036.000 |
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Cashflow |
30.148.000 |
25.166.000 |
23.026.000 |
18.830.000 |
17.451.000 |
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EBIT |
36.225.000 |
29.180.000 |
29.428.000 |
24.632.000 |
24.163.000 |
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EBITDA |
37.511.000 |
30.741.000 |
31.140.000 |
26.318.000 |
25.578.000 |
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Summary
The 2013 financial result structure is a positive working capital of 26.599.000
euro, which is in
agreement with 44 % of the total assets of the company.
The working capital has diminished with -29.01 % compared to previous
year. The ratio, with
respect to the total assets of the company has however, declined.
The deterioration between 2012 and 2013 has mainly been caused by an
increase of the
current liabilities.
The current ratio of the company in 2013 was 2.02. A company with a
current ratio between
1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2013 of the company was 1.24. A company with a Quick
Ratio of more than
1 can currently pay back its current liabilities.
The 2012 financial result structure is a positive working capital of
37.467.000 euro, which is in
agreement with 52 % of the total assets of the company.
The working capital has diminished with -29.77 % 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 2.43. A company with a
current ratio between
1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2012 of the company was 1.85. A company with a Quick
Ratio of more than
1 can currently pay back its current liabilities.
Financial statement
Last annual account 2013
Remark annual account The company is
obliged to file its financial statements.
Type of annual account Corporate
Annual account Dobotex
B.V.
De Waterman 2
5215MX 's-Hertogenbosch
Registration number: 160680070000
Balance Sheet
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
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Intangible fixed assets |
4.733.000 |
6.267.000 |
6.806.000 |
7.671.000 |
8.542.000 |
|
Tangible fixed assets |
434.000 |
|
920.000 |
1.491.000 |
1.757.000 |
|
Financial fixed assets |
3.124.000 |
2.180.000 |
1.230.000 |
680.000 |
147.000 |
|
Fixed assets |
8.291.000 |
8.447.000 |
8.956.000 |
9.842.000 |
10.446.000 |
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Total stock |
20.419.000 |
15.227.000 |
20.159.000 |
14.985.000 |
12.519.000 |
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Accounts receivable |
16.660.000 |
13.992.000 |
11.615.000 |
13.068.000 |
6.653.000 |
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Other receivables |
8.828.000 |
21.653.000 |
43.916.000 |
19.738.000 |
14.959.000 |
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Total receivables |
25.488.000 |
35.645.000 |
55.531.000 |
32.806.000 |
21.612.000 |
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Liquid
funds |
6.864.000 |
12.803.000 |
3.217.000 |
2.844.000 |
3.177.000 |
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Current assets |
52.771.000 |
63.675.000 |
78.907.000 |
50.635.000 |
37.308.000 |
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Total assets |
61.062.000 |
72.122.000 |
87.863.000 |
60.477.000 |
47.754.000 |
|
Issued capital |
18.000 |
18.000 |
18.000 |
18.000 |
18.000 |
|
Revaluation reserve |
19.000 |
24.000 |
-134.000 |
4.000 |
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Legal and statutory reserve |
|
|
|
|
-3.000 |
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Other reserves |
34.686.000 |
45.824.000 |
62.160.000 |
40.846.000 |
23.702.000 |
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Total reserves |
34.705.000 |
45.848.000 |
62.026.000 |
40.850.000 |
23.699.000 |
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Total equity |
34.723.000 |
45.866.000 |
62.044.000 |
40.868.000 |
23.717.000 |
|
Provisions |
167.000 |
48.000 |
262.000 |
162.000 |
439.000 |
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Long term interest yielding debt |
|
|
|
975.000 |
1.033.000 |
|
Long term liabilities |
|
975.000 |
1.033.000 |
||
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Short term liabilities |
26.172.000 |
26.208.000 |
25.557.000 |
18.472.000 |
22.565.000 |
|
Total short and long term liabilities |
26.339.000 |
26.256.000 |
25.819.000 |
19.609.000 |
24.037.000 |
|
Total liabilities |
61.062.000 |
72.122.000 |
87.863.000 |
60.477.000 |
47.754.000 |
Summary
The total assets of the company decreased with -15.34 % between 2012 and
2013.
This total assets decrease has been reflected in a reduction of non
current assets of -1.85 %.
Assets reduction is explained by a Net Worth decrease of -24.29 % while
the indebtedness
remains unchanged.
In 2013 the assets of the company were 13.58 % composed of fixed assets
and 86.42 % by
current assets. The assets are being financed by an equity of 56.87 %,
and total debt of
43.13 %.
The total assets of the company decreased with -17.92 % between 2011 and
2012.
This total assets decrease has been reflected in a reduction of non
current assets of -5.68 %.
The asset reduction results in an equity decrease of -26.08 %. Despite
the decrease, the
indebtness increased with 1.69 %.
In 2012 the assets of the company were 11.71 % composed of fixed assets
and 88.29 % by
current assets. The assets are being financed by an equity of 63.6 %,
and total debt of 36.4
%.
Profit & Loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
135.979.000 |
119.797.000 |
111.948.000 |
92.463.000 |
85.328.000 |
|
Net turnover |
135.979.000 |
119.797.000 |
111.948.000 |
92.463.000 |
85.328.000 |
|
Gross margin |
49.940.000 |
68.221.000 |
64.900.000 |
56.182.000 |
54.127.000 |
|
Wages and salaries |
4.558.000 |
3.987.000 |
3.525.000 |
3.427.000 |
3.078.000 |
|
Amorization and depreciation |
1.286.000 |
1.561.000 |
1.712.000 |
1.686.000 |
1.415.000 |
|
Sales |
86.039.000 |
51.576.000 |
47.048.000 |
36.281.000 |
31.201.000 |
|
other operating costs |
7.871.000 |
33.493.000 |
30.235.000 |
26.437.000 |
25.471.000 |
|
Operating expenses |
99.754.000 |
90.617.000 |
82.520.000 |
67.831.000 |
61.165.000 |
|
Result in subsidiaries |
1.460.000 |
1.564.000 |
448.000 |
790.000 |
-641.000 |
|
Operating result |
36.225.000 |
29.180.000 |
29.428.000 |
24.632.000 |
24.163.000 |
|
Financial income |
305.000 |
4.000 |
254.000 |
1.000 |
77.000 |
|
Financial expenses |
15.000 |
119.000 |
2.083.000 |
2.244.000 |
1.956.000 |
|
Financial result |
290.000 |
-115.000 |
-1.829.000 |
-2.243.000 |
-1.879.000 |
|
Result on ordinary operations before taxes |
37.975.000 |
30.629.000 |
28.047.000 |
23.179.000 |
21.643.000 |
|
Taxation on the result of ordinary activities |
9.113.000 |
7.024.000 |
6.733.000 |
6.035.000 |
5.607.000 |
|
Result of ordinary activities after taxes |
28.862.000 |
23.605.000 |
21.314.000 |
17.144.000 |
16.036.000 |
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Net result |
28.862.000 |
23.605.000 |
21.314.000 |
17.144.000 |
16.036.000 |
Summary
The turnover of the company grew with 13.51 % between 2012 and 2013.
The gross profit of the company decreased by -26.8 % between 2012 and
2013.
The operating result of the company grew with 24.14 % between 2012 and
2013. This
evolution implies an increase of the company's economic profitability.
The result of these changes is an increase of the company's Economic
Profitability of 46.43
% of the analysed period, being equal to 2012 % in the year 2013.
This growth has contributed to the increase in assets turnover,
increasing by 34.34 %
reaching 2.23.
The Net Result of the company decreased by 22.27 % between 2012 and
2013.
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
63.78 % of the analysed period, being 109.37 % in the year 2013.
The company's financial structure has slowed down its financial
profitability.
The turnover of the company grew with 7.01 % between 2011 and 2012.
The gross profit of the company grew with 5.12 % between 2011 and 2012.
The operating result of the company in 2011 is equal to the result in
2012. This evolution
implies an unchanged economic profitability of the company.
The result of these changes is an increase of the company's Economic
Profitability of 33.05
% of the analysed period, being equal to 2011 % in the year 2012.
This growth has contributed to the increase in assets turnover,
increasing by 30.71 %
reaching 1.66.
The Net Result of the company decreased by 10.75 % 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 47.71 % of the analysed period, being 66.78 % in the year 2012.
The company's financial structure has slowed down its financial
profitability.
Analysis
Branch (SBI)
Wholesale trade (no motor vehicles and motorcycles) (46)
Region
Midden-Brabant
In the
In the region Midden-Brabant 5737 of the companies are registered with
the SBI code 46
In the
In the region Midden-Brabant 108 of the bankruptcies are published
within this sector
The risk of this specific sector in the
The risk of this specific sector in the region Midden-Brabant is normal
Publications
Filings
07-05-2014: De jaarrekening over 2013 is gepubliceerd.
28-06-2013: De jaarrekening over 2012 is gepubliceerd.
01-08-2012: De jaarrekening over 2009 is gepubliceerd.
01-08-2012: De jaarrekening over 2010 is gepubliceerd.
01-08-2012: De jaarrekening over 2011 is gepubliceerd.
Company structure
Relations 2
Dobotex International B.V.
De Waterman 2
5215MX 's-Hertogenbosch
Registration number: 160794710000
Dobotex B.V.
De Waterman 2
5215MX 's-Hertogenbosch
Registration number: 160680070000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.97 |
|
|
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.