MIRA
INFORM REPORT
|
Report Date : |
04.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
V&D B.V. |
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Registered Office : |
Laarderhoogtweg 25 1101EB |
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Country : |
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Financials (as on) : |
01.02.2014 |
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Date of Incorporation : |
07.07.1920 |
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Com. Reg. No.: |
KvK-nummer: 34340151 |
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Legal Form : |
Besloten Vennootschap |
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Line of Business : |
Super stores |
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No. of Employees : |
5500 |
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 |
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Payment Behaviour : |
Slow but correct |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
|
High Risk |
C2 |
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Very High Risk |
D |
|
Source
: CIA |
Summary
|
Company name |
V&D B.V. |
|
|
Operative address |
Laarderhoogtweg 25 1101EB |
|
Legal form Besloten
Vennootschap
Registration number KvK-nummer: 34340151
VAT-number 820772690
|
Year |
2014 |
|
Mutation |
2013 |
|
Mutation |
2012 |
|
Fixed Assets |
157.264.000 |
|
-2,01 |
160.491.000 |
|
-2,61 |
164.800.000 |
|
Total receivables |
22.024.000 |
|
14.48 |
19.239.000 |
|
3.18 |
18.646.000 |
|
Total equity |
4.619.000 |
|
-87,45 |
36.794.000 |
V |
-10,00 |
40.883.000 |
|
Short term liabilities |
197.462.000 |
|
13,13 |
174.541.000 |
V |
-6,10 |
185.885.000 |
|
|
|||||||
|
Net result |
-42.374.000 |
|
-119,69 |
-19.288.000 |
|
-172,31 |
-7.083.000 |
|
|
|||||||
|
Working capital |
-92.121.000 |
|
-68,08 |
-54.807.000 |
|
14,20 |
-63.875.000 |
|
Quick ratio |
0,15 |
|
-11,76 |
0,17 |
|
|
0,17 |
Contact information
Company name V&D B.V.
Trade names V&D B.V.
Vroom & Dreesmann
Warenhuizen
Vroom en Dreesmann
Operative address Laarderhoogtweg
25
1101EB
Correspondence address Postbus
12640
1100AP
Telephone number 0205959111
Mobile number 0627071618
Email address info@vd.nl
Website
www.vd.nl
Registration
Registration number KvK-nummer:
34340151
Registered in Kamer
van Koophandel
Branch number 000018891527
VAT-number 820772690
Status Active
First registration company register 2009-05-22
Memorandum 2009-05-20
Establishment date 1920-07-07
Legal form Besloten
Vennootschap
Legal person since 2009-05-21
Activities
SBI Super
stores (47191)
Financial
holding (642)
Financial
holding (6420)
Exporter No
Importer No
Goal De
handel en industrie en meer in het bijzonder de detailhandel, alsmede daarmee
in
verband
staande dienstverlening en fabricage, houdster- en financieringsmaatschappij
Relations
Shareholders Divisie
Vroom & Dreesmann B.V.
Laarderhoogtweg 25
1101EB
Registration number: 341961230000
Percentage: 100%
Companies on same address
Divisie Vroom & Dreesmann
B.V.
Registration number: 341961230000
Stichting Overlegplatform
Restaurantketens
Registration number: 280794480000
La Place B.V.
Registration number: 341983780000
La Place
Registration number: 343191900000
V&D Group Holding B.V.
Registration number: 511731900000
Ajilon IT B.V.
Registration number: 290490390000
Companies on same address
Badenoch & Clark Interim
Management B.V.
Registration number: 200969930000
Liability statements V&D
Group Holding B.V.
Laarderhoogtweg 25
1101EB
Registration number: 511731900000
date of issue: 2010-12-09
Starting date: 2010-12-09
Management
ACTIVE MANAGEMENT C.M.
Velthuis (Carmen Maria)
Competence: Jointly authorized
Function: Manager
Starting date: 2010-02-01
Date of birth: 1974-04-05,
Hengelo (O), NL
Involved with the following
companies
• La Place B.V.
Laarderhoogtweg 25
1101EB
Registration number: 341983780000
Function: Manager
• V&D Group Holding
B.V.
Laarderhoogtweg 25
1101EB
Registration number: 511731900000
Function: Manager
• La Place B.V.
Laarderhoogtweg 25
1101EB
Registration number: 341983780000
Function: Proxy
D.V. Roach (Donald Vincent)
Competence: Jointly authorized
Function: Manager
Starting date: 2014-08-04
Date of birth: 1957-11-07,
C.M. Velthuis (Carmen Maria)
Competence: Limited
authorization
Function: Proxy
Starting date: 2010-02-01
Date of birth: 1974-04-05,
Hengelo (O), NL
Involved with the following
companies
• La Place B.V.
Laarderhoogtweg 25
1101EB
Registration number: 341983780000
Function: Manager
• V&D Group Holding
B.V.
Laarderhoogtweg 25
1101EB
Registration number: 511731900000
Function: Manager
• La Place B.V.
Laarderhoogtweg 25
1101EB
Registration number: 341983780000
Function: Proxy
Employees
Group total 10000
Year 2012
Total 5500
Payments
Description Payments are made regularly no
complaints are known
Key figures
|
Year |
2014 |
2013 |
2012 |
2011 |
||||||||
|
Quick ratio |
0,15 |
0,17 |
0,17 |
0,20 |
||||||||
|
Current ratio |
0,53 |
0,69 |
0,66 |
0,71 |
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|
||||||||||||
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Working capital/ balance
total |
-0,35 |
-0,20 |
-0,22 |
-0,18 |
||||||||
|
Equity / balance total |
0,02 |
0,13 |
0,14 |
0,17 |
||||||||
|
Equity / Fixed assets |
0,03 |
0,23 |
0,25 |
0,31 |
||||||||
|
Equity / liabilities |
0,02 |
0,15 |
0,17 |
0,21 |
||||||||
|
Balance Total / liabilities |
1,02 |
1,15 |
1,17 |
1,21 |
||||||||
|
Working capital |
-92.121.000 |
-54.807.000 |
-63.875.000 |
-51.386.000 |
||||||||
|
Equity |
4.619.000 |
36.794.000 |
40.883.000 |
48.269.000 |
|
|||||||
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Mutation equity |
-87,45 |
-10,00 |
-15,30 |
|
|
|||||||
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Mutation short term liabilities |
13,13 |
-6,10 |
5,34 |
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|||||||||||
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Return on total assets (ROA) |
-16,13 |
-6,88 |
-2,29 |
-0,67 |
|
|||||||
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Return on equity (ROE) |
-917,28 |
-52,42 |
-16,10 |
-3,90 |
|
|||||||
|
Gross profit margin |
-6,24 |
-2,39 |
-0,44 |
-0,66 |
|
|||||||
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Net profit margin |
-6,85 |
-2,98 |
-1,09 |
-1,09 |
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|||||||||||
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Average collection ratio |
3,13 |
3,71 |
3,49 |
0,95 |
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|||||||
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Average payment ratio |
28,09 |
33,62 |
34,76 |
7,31 |
|
|||||||
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Equity turnover ratio |
133,95 |
17,58 |
15,85 |
3,47 |
|
|||||||
|
Total assets turnover ratio |
2,36 |
2,31 |
2,26 |
0,60 |
|
|||||||
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Fixed assets turnover ratio |
3,93 |
4,03 |
3,93 |
1,07 |
|
|||||||
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Inventory conversion ratio |
8,22 |
7,19 |
7,15 |
1,88 |
|
|||||||
|
Turnover |
618.712.000 |
646.853.000 |
648.114.000 |
167.729.000 |
|
|||||||
|
Gross margin |
344.918.000 |
352.188.000 |
351.116.000 |
87.622.000 |
|
|||||||
|
Operating result |
-38.616.000 |
-15.436.000 |
-2.870.000 |
-1.108.000 |
|
|||||||
|
Net result after taxes |
-42.374.000 |
-19.288.000 |
-7.083.000 |
-1.822.000 |
|
|||||||
|
cash flow |
-13.064.000 |
9.331.000 |
18.072.000 |
3.696.000 |
|
|||||||
|
EBIT |
-38.616.000 |
-15.436.000 |
-2.870.000 |
-1.108.000 |
|
|||||||
|
EBITDA |
-9.306.000 |
13.183.000 |
22.285.000 |
4.410.000 |
|
|||||||
Summary
The 2014 financial result structure is a negative working
captial of -92.121.000 euro, which is
in agreement with -35 % of the total assets of the
company.
The working capital has diminished with -68.08 % compared
to previous year. The ratio, with
respect to the total assets of the company has however,
declined.
The deterioration between 2013 and 2014 has mainly been
caused by an increase of the
current liabilities.
The current ratio of the company in 2014 was 0.53. When
the current ratio is below 1.5, the
company may have problems meeting its short-term
obligations.
The quick ratio in 2014 of the company was 0.15. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
The 2013 financial result structure is a negative working
captial of -54.807.000 euro, which is
in agreement with -20 % of the total assets of the
company.
The working capital has increased with 14.2 % compared to
previous year. The ratio, with
respect to the total assets of the company has however,
increased.
The improvement between 2012 and 2013 has mainly been
caused by an increase of the
current assets.
The current ratio of the company in 2013 was 0.69. When
the current ratio is below 1.5, the
company may have problems meeting its short-term
obligations
Financial statement
Remark
annual account The
financial statements shown in the report relate to the consolidated financial
statements of the group.
Type of annual account Consolidated
Annual account V&D
Group Holding B.V.
Laarderhoogtweg 25
1101EB
Registration number: 511731900000
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
|
|
End date |
2014-02-01 |
2013-02-02 |
2012-01-28 |
2011-01-29 |
|
|
Intangible fixed assets |
27.335.000 |
28.709.000 |
26.310.000 |
26.263.000 |
|
|
Tangible fixed assets |
129.919.000 |
131.626.000 |
137.642.000 |
128.513.000 |
|
|
Financial fixed assets |
10.000 |
156.000 |
848.000 |
1.334.000 |
|
|
Fixed assets |
157.264.000 |
160.491.000 |
164.800.000 |
156.110.000 |
|
|
|
|||||
|
Total stock |
75.291.000 |
89.930.000 |
90.687.000 |
89.329.000 |
|
|
Accounts receivable |
5.818.000 |
3.912.000 |
5.249.000 |
6.268.000 |
|
|
Year |
2014 |
2013 |
2012 |
2011 |
|
End date |
2014-02-01 |
2013-02-02 |
2012-01-28 |
2011-01-29 |
|
Other receivables |
16.206.000 |
15.327.000 |
13.397.000 |
16.689.000 |
|
Total receivables |
22.024.000 |
19.239.000 |
18.646.000 |
22.957.000 |
|
Liquid funds |
8.026.000 |
10.565.000 |
12.677.000 |
12.794.000 |
|
Current assets |
105.341.000 |
119.734.000 |
122.010.000 |
125.080.000 |
|
Total assets |
262.605.000 |
280.225.000 |
286.810.000 |
281.190.000 |
|
|
||||
|
Total equity |
4.619.000 |
36.794.000 |
40.883.000 |
48.269.000 |
|
Long term liabilities |
49.865.000 |
64.353.000 |
51.222.000 |
43.661.000 |
|
|
Accounts payable |
|
120.205.000 |
116.101.000 |
117.287.000 |
|
|
Other short term liabilities |
|
54.336.000 |
69.784.000 |
59.179.000 |
|
|
Short term liabilities |
197.462.000 |
174.541.000 |
185.885.000 |
176.466.000 |
|
|
Total short and long term liabilities |
257.986.000 |
243.431.000 |
245.927.000 |
232.921.000 |
|
|
Total liabilities |
262.605.000 |
280.225.000 |
286.810.000 |
281.190.000 |
|
Summary
The total assets of the company decreased with -6.29 %
between 2013 and 2014.
This total assets decrease has been reflected in a
reduction of non current assets of -2.01 %.
The asset reduction results in an equity decrease of
-87.45 %. Despite the decrease, the
indebtness increased with 5.98 %.
In 2014 the assets of the company were 59.89 % composed of
fixed assets and 40.11 % by
current assets. The assets are being financed by an equity
of 1.76 %, and total debt of 98.24
%.
The total assets of the company decreased with -2.3 %
between 2012 and 2013.
This downturn is mainly retrievable in the fixed asset
decrease of -2.61 %.
Assets reduction is explained by a Net Worth decrease of
-10 %, and an indebtedness
reduction of -1.01 %.
In 2013 the assets of the company were 57.27 % composed of
fixed assets and 42.73 % by
current assets. The assets are being financed by an equity
of 13.13 %, and total debt of
86.87 %
Profit and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
|
Revenues |
618.712.000 |
646.853.000 |
648.114.000 |
167.729.000 |
|
Net turnover |
618.712.000 |
646.853.000 |
648.114.000 |
167.729.000 |
|
|
||||
|
Gross margin |
344.918.000 |
352.188.000 |
351.116.000 |
87.622.000 |
|
|
||||
|
Wages and salaries |
175.787.000 |
177.949.000 |
169.934.000 |
40.755.000 |
|
Amorization and depreciation |
29.310.000 |
28.619.000 |
25.155.000 |
5.518.000 |
|
Sales |
273.794.000 |
294.665.000 |
296.998.000 |
80.107.000 |
|
other operating costs |
178.437.000 |
161.056.000 |
158.897.000 |
42.457.000 |
|
Operating expenses |
657.328.000 |
662.289.000 |
650.984.000 |
168.837.000 |
|
Operating result |
-38.616.000 |
-15.436.000 |
-2.870.000 |
-1.108.000 |
|
|
||||
|
Financial income |
|
|
193.000 |
385.000 |
|
Financial expenses |
|
3.852.000 |
3.905.000 |
1.160.000 |
|
Financial result |
-3.753.000 |
-3.852.000 |
-3.712.000 |
-775.000 |
|
Result on ordinary operations before taxes |
-42.369.000 |
-19.288.000 |
-6.582.000 |
-1.883.000 |
|
|
||||
|
Taxation on the result of
ordinary activities |
5.000 |
|
501.000 |
-61.000 |
|
Result of ordinary activities after taxes |
-42.374.000 |
-19.288.000 |
-7.083.000 |
-1.822.000 |
|
|
||||
|
Net result |
-42.374.000 |
-19.288.000 |
-7.083.000 |
-1.822.000 |
Summary
The turnover of the company decreased by -4.35 % between
2013 and 2014.
The gross profit of the company decreased by -2.06 %
between 2013 and 2014.
The operating result of the company declined with -150.17
% between 2013 and 2014. 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 -134.45
% of the analysed period, being equal to 2013 % in the
year 2014.
Despite the decline the assets turnover increased by 2.16
% reaching 2.36.
The Net Result of the company increased by -119.69 %
between 2013 and 2014.
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 -1649.87 % of the analysed period, being -917.28 % in
the year 2014.
The company's financial profitability has been positively
affected by its financial structure.
The turnover of the company remained the same between 2012
and 2013.
The gross profit of the company has remained the same
between 2012 and 2013.
The operating result of the company declined with -437.84
% between 2012 and 2013. 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 -200.44
% of the analysed period, being equal to 2012 % in the
year 2013
Despite the decline the assets turnover increased by 2.21
% reaching 2.31.
The Net Result of the company increased by -172.31 %
between 2012 and 2013.
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 -225.59 % of the analysed period, being -52.42 % in the
year 2013.
The company's financial profitability has been positively
affected by its financial structure
Analysis
Branch (SBI) Retail
trade (not in motor vehicles) (47)
Region Groot
In the
In the region Groot Amsterdam
11502 of the companies are registered with the SBI code 47
In the
In the region Groot Amsterdam
220 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 Groot Amsterdam is normal
Publications
Consent statements 19-08-2013:
Voor boekjaar 2014 is een instemmingsverklaring gedeponeerd.
27-08-2012: Voor boekjaar 2013
is een instemmingsverklaring gedeponeerd.
20-07-2011: Voor boekjaar 2012
is een instemmingsverklaring gedeponeerd.
27-12-2010: Voor boekjaar 2011
is een instemmingsverklaring gedeponeerd.
Liability statements 27-12-2010:
Per 09-12-2010 is een aansprakelijkheidsverklaring door V & D Group
Holding B.V. gedeponeerd.
09-12-2010: Per 29-06-2010 is
een aansprakelijkheidsverklaring door Maxeda Nederland
B.V. gedeponeerd
09-12-2010: Per 09-12-2010 is
een aansprakelijkheidsverklaring door V & D Group
Holding B.V. gedeponeerd.
Functions 15-08-2014:
Per 04-08-2014 is bestuurder Donald Vincent Roach in functie getreden.
07-08-2014: Per 04-08-2014 is
gevolmachtigde Jacob Cornelio Adriano de Jonge uit functie
getreden.
07-08-2014: Per 04-08-2014 is
bestuurder Jacob Cornelio Adriano de Jonge uit functie
getreden.
13-01-2014: Per 16-12-2013 is
bestuurder Remco Peter Boerefijn uit functie getreden.
13-01-2014: Per 16-12-2013 is
bestuurder Theodorus Laurentius Gerardus Heemskerk uit
functie getreden.
13-01-2014: Per 16-12-2013 is
gevolmachtigde Remco Peter Boerefijn uit functie getreden.
13-01-2014: Per 16-12-2013 is
gevolmachtigde Theodorus Laurentius Gerardus Heemskerk
uit functie getreden.
16-01-2013: Per 07-01-2013 is
gevolmachtigde Jacob Cornelio Adriano de Jonge in functie
getreden.
16-01-2013: Per 07-01-2013 is
bestuurder Jacob Cornelio Adriano de Jonge in functie
getreden.
03-01-2013: Per 26-12-2012 is
bestuurder Mark David McKeon uit functie getreden.
03-01-2013: Per 26-12-2012 is
gevolmachtigde Mark David McKeon uit functie getreden.
12-12-2011: Per 01-10-2011 is
bestuurder Remco Peter Boerefijn in functie getreden.
12-12-2011: Per 01-12-2011 is
bestuurder Onno Cornelis Johan den Boer uit functie
getreden.
12-12-2011: Per 01-12-2011 is
gevolmachtigde Remco Peter Boerefijn in functie getreden.
12-12-2011: Per 01-12-2011 is
gevolmachtigde Onno Cornelis Johan den Boer uit functie
getreden.
14-04-2011: Per 21-05-2009 is
gevolmachtigde Fintan John Straughan uit functie getreden.
21-03-2011: Per 21-05-2009 is
bestuurder Fintan John Straughan uit functie getreden.
16-11-2010: Per 05-11-2010 is
bestuurder 33140599 Unikavee B.V. uit functie getreden.
Mergers 03-09-2012:
Op 31-08-2012 fusieakte verleden. Verkrijgende rechtspersoon: V&D B.V.,
34340151 Verdwijnende
rechtspersoon: V&D Services B.V., 50623540.
25-07-2012: Op 24-07-2012
fusievoorstel gedeponeerd. Verkrijgende rechtspersoon: V&D
B.V., 34340151 Verdwijnende
rechtspersoon: V&D Services B.V., 50623540
Company structure
Relations 106
Alter Domus Participations S.Ã
• Alter Domus Nederland B.V.
De Boelelaan 7
1083HJ
Registration number: 342709940000
• Corfas B.V.
De Boelelaan 7
1083HJ
Registration number: 343175550000
• Swan Topco B.V.
De Boelelaan 7
1083HJ
Registration number: 513130650000
• V&D Group Holding B.V.
Laarderhoogtweg 25
1101EB
Registration number: 511731900000
• Divisie Vroom & Dreesmann B.V.
Laarderhoogtweg 25
1101EB
Registration number: 341961230000
• V&D B.V.
Laarderhoogtweg 25
1101EB
Registration number: 343401510000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.54 |
|
|
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.79.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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.