MIRA INFORM REPORT
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Report No. : |
318296 |
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Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
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Name : |
DIDI FASHION B.V. |
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|
|
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Registered Office : |
Celsiusstraat 2 1704RW Heerhugowaard |
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Country : |
Netherlands |
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|
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
02.01.1977 |
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Com. Reg. No.: |
KvK-nummer: 37046339 |
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Legal Form : |
Private Company |
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Line of Business : |
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No. of Employee : |
467 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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|
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Payment Behaviour : |
Slow |
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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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NETHERLANDS ECONOMIC OVERVIEW
Netherlands, the sixth-largest economy in the euro-zone, is
noted for its important role as a European transportation hub, sizable trade
surplus, stable industrial relations, and moderate unemployment and inflation.
Industry focuses on 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 food-processing and export.
Netherlands, along with 11 of its EU partners, began circulating the euro
currency on 1 January 2002. The Dutch financial sector suffered as a RESULT
of
the global financial crisis, due in part to the high exposure of some Dutch
banks to US mortgage-backed securities. In 2008, the government injected
billions of dollars of capital into financial institutions to stem the
deterioration. To address the economic downturn, the government also sought to
stimulate the domestic economy by accelerating infrastructure programs,
offering corporate tax breaks for employers to retain workers, and expanding
export credits. 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 austerity measures in early 2011 to reduce the budget deficit,
and, in 2013, the government brought the budget deficit below the euro-zone
limit of 3% of GDP. Though the Dutch economy remains fragile, a gradual
improvement in GDP growth in 2014 helped reduce the deficit further through an
increase in government tax revenues. Private consumption remains subdued
because of high unemployment, low wage growth, and still-high levels of debt,
which together with tax increases, have made households reluctant to spend.
Private investment and export growth are susceptible to slower activity in the
Netherlands’ European trading partners and geopolitical tensions that constrain
international trade.
|
Source
: CIA |
Summary
Company name DIDI FASHION B.V.
Operative address Celsiusstraat 2
1704RW Heerhugowaard
Netherlands
Legal form Private Company
Registration number KvK-nummer: 37046339
VAT-number 004963015
|
Year |
2013 |
Mutation |
Mutation |
|
Fixed assets |
956.000 |
|
|
|
Total receivables |
3.042.000 |
|
|
|
Total equity |
-75.000 |
|
|
|
Short term liabilities |
9.594.000 |
|
|
|
Net result |
-7.035.000 |
|
|
|
Working capital |
-1.031.000 |
|
|
|
Quick ratio |
0,38 |
|
|
Contact
information
Company name Didi Fashion B.V.
Trade names Didi Fashion B.V.
Didi
DiDi
DIDI Fashion
DIDI
Operative address Celsiusstraat 2
1704RW Heerhugowaard
Netherlands
Correspondence address Postbus 134
1700AC Heerhugowaard
Netherlands
Telephone number 0883225500
Fax number 0725751443
Email address info@didi.nl
Website www.coltex.nl
Registration
Registration number KvK-nummer: 37046339
Branch number 000017943329
VAT-number 004963015
Status Active
Memorandum 1979-09-26
Establishment date 1977-01-02
Legal form Besloten Vennootschap
Last proposed admendment 1985-05-20
Issued placed capital EUR 68.067
Paid up share capital EUR 68.067
Activities
SBI Manufacture of other outerwear (1413)
Wholesale of outerwear (46421)
Exporter No
Importer No
Goal Ontwerpen en vervaardigen van en groothandel in damesconfectie
Relations
Shareholders Didi Holding B.V.
Celsiusstraat 2
1704RW HEERHUGOWAAR
Netherlands
Registration number: 593142060000
Percentage: 100%
Companies on same address Amount: 95
Liability statements Coltex Retail Group B.V.
Celsiusstraat 2
1704RW Heerhugowaard
Netherlands
Registration number: 310244830000
date of issue: 2012-06-07
Starting date: 2010-06-30
End date: 2013-12-30
Management
Active management Belfin HHW B.V.
Celsiusstraat 2
1704RW HEERHUGOWAARD
Netherlands
Registration number: 371437940000
Competence: Fully authorized
Function: Manager
Starting date: 2014-12-08
Active management
Shadan Management B.V.
Celsiusstraat 2
1704RW Heerhugowaard
Netherlands
Registration number: 371437950000
Competence: Fully authorized
Function: Manager
Starting date: 2014-12-08
Employees
Total according to the Chamber of Commerce 467
|
Year |
2015 |
2013 |
2012 |
2011 |
2002 |
|
Total |
467 |
488 |
8 |
8 |
8 |
Payments
Description Slow
Key
figures
|
Year |
2013 |
|
Quick ratio |
0,38 |
|
Current ratio |
0,89 |
|
Working capital/ balance total |
-0,11 |
|
Equity / balance total |
-0,01 |
|
Equity / Fixed assets |
-0,08 |
|
Equity / liabilities |
-0,01 |
|
Balance total / liabilities |
0,99 |
|
Working capital |
-1.031.000 |
|
Equity |
-75.000 |
|
Return on total assets (ROA) |
-63,92 |
|
Return on equity (ROE) |
8.113,33 |
|
Gross profit margin |
-12,25 |
|
Net profit margin |
-12,23 |
|
Average collection ratio |
6,00 |
|
Average payment ratio |
18,91 |
|
Equity turnover ratio |
-766,91 |
|
Total assets turnover ratio |
6,04 |
|
Fixed assets turnover ratio |
60,17 |
|
Inventory conversion ratio |
11,63 |
|
Turnover |
57.518.000 |
|
Gross margin |
29.204.000 |
|
Operating result |
-7.044.000 |
|
Net result after taxes |
-7.035.000 |
|
Cashflow |
-5.807.000 |
|
EBIT |
-7.044.000 |
|
EBITDA |
-5.816.000 |
Summary The 2013 financial result structure is a negative working captial of -1.031.000 euro, which is
in agreement with -11 % of the total assets of the company.
The current ratio of the company in 2013 was 0.89. When the current ratio is below 1.5, the
company may have problems meeting its short-term obligations.
The quick ratio in 2013 of the company was 0.38. A company with a Quick Ratio of less than
1 cannot 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 Didi Fashion B.V.
Celsiusstraat 2
1704RW Heerhugowaard
Netherlands
Registration number: 370463390001
Balance
|
Year |
2013 |
|
End date |
2013-12-31 |
|
Tangible fixed assets |
956.000 |
|
Fixed assets |
956.000 |
|
Total stock |
4.945.000 |
|
Total receivables |
3.042.000 |
|
Liquid funds |
576.000 |
|
Current assets |
8.563.000 |
|
Total assets |
9.519.000 |
|
Year |
2013 |
|
End date |
2013-12-31 |
|
Issued capital |
68.000 |
|
Share premium reserve |
5.088.000 |
|
Other reserves |
1.804.000 |
|
Non-distributable profit |
7.035.000 |
|
Total reserves |
20.962.000 |
|
Total equity |
-75.000 |
|
Accounts payable |
353.000 |
|
Other short term liabilities |
9.241.000 |
|
Short term liabilities |
9.594.000 |
|
Total short and long term liabilities |
9.594.000 |
|
Total liabilities |
9.519.000 |
Summary In 2013 the assets of the company were 10.04 % composed of fixed assets and 89.96 % by
current assets. The assets are being financed by an equity of -0.79 %, and total debt of
100.79 %.
Profit
and loss
|
Year |
2013 |
|
Revenues |
57.518.000 |
|
Net turnover |
57.518.000 |
|
Year |
2013 |
|
Gross margin |
29.204.000 |
|
Wages and salaries |
12.020.000 |
|
Amorization and depreciation |
1.228.000 |
|
Sales |
28.314.000 |
|
other operating costs |
23.000.000 |
|
Operating expenses |
64.562.000 |
|
Result in subsidiaries |
1.347.000 |
|
Operating result |
-7.044.000 |
|
Financial income |
16.000 |
|
Financial expenses |
404.000 |
|
Financial result |
-388.000 |
|
Result on ordinary operations before taxes |
-6.085.000 |
|
Result of ordinary activities after taxes |
-6.085.000 |
|
Extraordinary expense |
950.000 |
|
Extraordinary result after taxation |
-950.000 |
|
Net result |
-7.035.000 |
Summary The company's Financial Profitability has been neutrally affected by the financial activities in
comparison to the EBITs behaviour. The result of these variations is the unchanged
profitability of the analysed period, remaining unchanged at 8113.33 % in the year 2013.
Analysis
Branch (SBI) Manufacture of wearing apparel (14)
Region Noord-Holland Noord
In the Netherlands 2055 of the companies are registered with the SBI code 14
In the region Noord-Holland Noord 65 of the companies are registered with the SBI code 14
In the Netherlands 40 of the bankrupcties 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 Noord-Holland Noord is normal
Publications
Consent statements 06-12-2013: Voor boekjaar 2012 is een instemmingsverklaring gedeponeerd.
15-06-2012: Voor boekjaar 2011 is een instemmingsverklaring gedeponeerd.
08-06-2012: Voor boekjaar 2010 is een instemmingsverklaring gedeponeerd.
Liability statements 30-12-2013: Per 27-12-2013 is een aansprakelijkheidsverklaring door Coltex Retail Group B.V. ingetrokken.
15-06-2012: Per 07-06-2012 is een aansprakelijkheidsverklaring door Coltex Retail Group B.V. gedeponeerd.
08-06-2012: Per 07-06-2012 is een aansprakelijkheidsverklaring door Coltex Beheer B.V.ingetrokken.
08-06-2012: Per 07-06-2012 is een aansprakelijkheidsverklaring door Coltex Retail Group B.V. gedeponeerd.
Filings 14-01-2015: De jaarrekening over 2013 is gepubliceerd.
Functions 22-12-2014: Per 08-12-2014 is bestuurder 37143795 Shadan Management B.V. in functie getreden.
22-12-2014: Per 08-12-2014 is bestuurder 37143794 Rim Management B.V. in functie getreden.
22-12-2014: Per 08-12-2014 is bestuurder 37022644 Coltex Holding B.V. uit functie getreden.
11-07-2012: Per 01-01-2012 is gevolmachtigde Cornelis Simon Jozef Stoop uit functie getreden.
10-10-2011: Per 01-09-2011 is gevolmachtigde Pieter Willem Kersloot uit functie getreden.
Company
structure
Relations 15
Rim
Investments B.V.
Oranje
Nassaulaan 50H
1075AR
AMSTERDAM
Netherlands
Registration
number: 370699400000
•
Belfin HHW B.V.
Celsiusstraat
2
1704RW
HEERHUGOWAARD
Netherlands
Registration
number: 371437940000
•
Elzavast Nederland B.V.
Celsiusstraat
2
1704RW
HEERHUGOWAARD
Netherlands
Registration
number: 371481540000
•
Registration number: 617379090000
•
Didi Holding B.V.
Celsiusstraat
2
1704RW
HEERHUGOWAARD
Netherlands
Registration
number: 593142060000
•
Didi Fashion B.V.
Celsiusstraat
2
1704RW
Heerhugowaard
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.