MIRA INFORM REPORT
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Report No. : |
303153 |
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Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PEPE JEANS NEDERLAND B.V. |
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|
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Registered Office : |
Keizersgracht 321, 1016EE Amsterdam |
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|
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Country : |
Netherlands |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
28.03.2000 |
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Com. Reg. No.: |
34131868 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale of Outerwear |
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No. of Employees : |
NIL |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NETHERLANDS - ECONOMIC OVERVIEW
Netherlands is the
sixth-largest economy in the euro-zone and is noted for its stable industrial relations,
moderate unemployment and inflation, sizable trade surplus, and 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. 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 nationalized two banks and
injected billions of dollars of capital into other financial institutions, to
prevent further deterioration of a crucial sector. 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. To recover, the government 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
austerity measures in early 2011, mainly reducting expenditures, which resulted
in an improved budget deficit in 2011. However, in 2012 tax revenues dropped,
GDP contracted, and the budget deficit deteriorated. In 2013, the government
budget deficit decreased to 3.3% of GDP due to increased government revenue
from higher taxes. However, spending on social benefits also increased, due to
a rise in unemployment benefits and payments for pensions. The high
unemployment rate and tax increases have contributed to continued decreases in
household disposable income, causing the Dutch economy to contract.
|
Source
: CIA |
Company
Summary
|
Company name |
Pepe Jeans Nederland B.V. |
|
Operative address |
Keizersgracht
321 1016EE Amsterdam Netherlands |
|
Legal form |
Private Company |
|
Registration number |
KvK-nummer: 34131868 |
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VAT-number |
808922464 |
|
Year |
2014 |
|
Mutation |
2013 |
|
Mutation |
2012 |
|
Fixed assets |
400 |
|
|
400 |
|
|
400 |
|
Total receivables |
|||||||
|
|
|||||||
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Total equity |
11.892 |
|
-2,22 |
12.162 |
|
-13,89 |
14.123 |
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Short term liabilities |
535 |
|
-45,80 |
987 |
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|
|
|
|
|||||||
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Net result |
-270 |
|
86,23 |
-1.961 |
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-15,90 |
-1.692 |
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|
|||||||
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Working capital |
11.492 |
|
-2,30 |
11.762 |
|
-14,29 |
13.723 |
|
Quick ratio |
22,48 |
|
73,99 |
12,92 |
|
|
|
Company
Information
Company name Pepe Jeans
Nederland B.V.
Trade names Pepe Jeans
Nederland B.V.
Operative address Keizersgracht 321
1016EE Amsterdam
Netherlands
Correspondence address Keizersgracht 321
1016EE Amsterdam
Netherlands
Telephone number 0205893888
Fax number 0205893880
Email address alex.roefs@pepejeans.com
Registration
Registration number KvK-nummer:
34131868
Branch number 000019283903
VAT-number 808922464
Status Active
First registration company register 2000-04-06
Memorandum 2000-03-28
Establishment date 2000-03-28
Legal form Private Company
Last proposed admendment 2000-11-17
Issued placed capital EUR 25.000
Paid up share capital EUR 25.000
Activities
SBI Wholesale of
outerwear (46421)
Exporter No
Importer No
Goal Nationale en
internationale groothandel in kleding. Tevens beheermaatschappij
Relations
Shareholders Pepe
Jeans Europe B.V.
Keizersgracht 321
1016EE Amsterdam
Netherlands
Registration number: 332722190000
Percentage: 100%
Companies on same address
Pepe International
B.V.
Registration number: 333042210000
Pepe Jeans Europe B.V.
Registration number: 332722190000
Stichting Architektenonderzoek Wonen en
Woonomgeving (Stawon)
Registration number: 411992210000
Stichting Jonge Architecten Prijs
Registration number: 412139170000
Stichting Integraal Werkende Architecten
Registration number: 342643690000
Hackett Netherlands B.V.
Registration number: 579546230000
Management
Active management N.S.
Soneji (Nishith Shashikant)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2001-06-28
Date of birth: 1963-08-01, Kampala, UG
Involved with the following companies
·
Pepe
Jeans Europe B.V.
Keizersgracht 321
1016EE Amsterdam
Netherlands
Registration number: 332722190000
Function: Manager
N.P. Midgley (Nigel Peter)
Netherlands
Competence: Jointly authorized
Function: Manager
Starting date: 2005-08-17
Date of birth: 1965-09-23, Birmingham, GB
Involved with the following companies
·
Pepe
Jeans Europe B.V.
Keizersgracht 321
1016EE Amsterdam
Netherlands
Registration number: 332722190000
Function: Manager
Employees
Total according to the chamber of commerce
|
Year |
2014 |
2010 |
2009 |
|
Total |
0 |
1 |
1 |
Payments
Description Payments
are made regularly no complaints are known
Key
Figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
22,48 |
12,92 |
|
|
|
|
Current ratio |
22,48 |
12,92 |
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|||||
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Working capital/ balance total |
0,92 |
0,89 |
0,97 |
0,97 |
0,98 |
|
Equity / balance total |
0,96 |
0,92 |
1,00 |
1,00 |
1,00 |
|
Equity / Fixed assets |
29,73 |
30,41 |
35,31 |
39,54 |
43,16 |
|
Equity / liabilities |
22,23 |
12,32 |
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|
|
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Balance total / liabilities |
23,23 |
13,32 |
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Working capital |
11.492 |
11.762 |
13.723 |
15.415 |
16.862 |
|
Equity |
11.892 |
12.162 |
14.123 |
15.815 |
17.262 |
|
Mutation equity |
-2,22 |
-13,89 |
-10,70 |
-8,38 |
-9,15 |
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Mutation short term liabilities |
-45,80 |
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|
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|
|||||
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Return on total assets (ROA) |
-2,17 |
-14,91 |
-11,98 |
-9,15 |
-8,10 |
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Return on equity (ROE) |
-2,27 |
-16,12 |
-11,98 |
-9,15 |
-8,10 |
|
Operating result |
-270 |
-1.896 |
-1.692 |
-1.447 |
-1.398 |
|
Net result after taxes |
-270 |
-1.961 |
-1.692 |
-1.447 |
-1.398 |
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|
|||||
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EBIT |
-270 |
-1.896 |
-1.692 |
-1.447 |
-1.398 |
Summary The 2014 financial
result structure is a postive working captial of 11.492 euro, which is in
agreement with 92 % of the total assets of the company.
The working capital has diminished with -2.3
% compared to previous year. The ratio, with respect to the total assets of the
company has however, increased.
The deterioration between 2013 and 2014 has
mainly been caused by a reduction of the current assets.
The current ratio of the company in 2014 was
22.48. If the current ratio exeeds 3.0, the company may not be using its current
assets or its short-term financing facilities efficiently .
The quick ratio in 2014 of the company was
22.48. A company with a Quick Ratio of more than 1 can currently pay back its
current liabilities.
The 2013 financial result structure is a
postive working captial of 11.762 euro, which is in agreement with 89 % of the
total assets of the company.
The working capital has diminished with
-14.29 % 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 a reduction of the current assets.
The current ratio of the company in 2013 was
12.92. If the current ratio exeeds 3.0, the company may not be using its
current assets or its short-term financing facilities efficiently .
The quick ratio in 2013 of the company was
12.92. A company with a Quick Ratio of more than 1 can currently pay back its
current liabilities.
Financial
Statement
Last annual account 2014
Remark annual account The
company is obliged to file its financial statements.
Type of annual account Corporate
Annual account Pepe
Jeans Nederland B.V.
Keizersgracht 321
1016EE Amsterdam
Netherlands
Registration number: 341318680000
Balance
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
2010-03-31 |
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Financial fixed assets |
400 |
400 |
400 |
400 |
400 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-03-31 |
2013-03-31 |
2012-03-31 |
2011-03-31 |
2010-03-31 |
|
Fixed assets |
400 |
400 |
400 |
400 |
400 |
|
|
|||||
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Total receivables |
|
195 |
486 |
||
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Liquid funds |
12.027 |
12.749 |
13.723 |
15.220 |
16.376 |
|
Current assets |
12.027 |
12.749 |
13.723 |
15.415 |
16.862 |
|
Total assets |
12.427 |
13.149 |
14.123 |
15.815 |
17.262 |
|
|
|||||
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Issued capital |
25.000 |
25.000 |
25.000 |
25.000 |
25.000 |
|
Other reserves |
-13.108 |
-12.838 |
-10.877 |
-9.185 |
-7.738 |
|
Total reserves |
-13.108 |
-12.838 |
-10.877 |
-9.185 |
-7.738 |
|
Total equity |
11.892 |
12.162 |
14.123 |
15.815 |
17.262 |
|
|
|||||
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Short term liabilities |
535 |
987 |
|
||
|
Total short and long term
liabilities |
535 |
987 |
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||
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Total liabilities |
12.427 |
13.149 |
14.123 |
15.815 |
17.262 |
Summary The total assets of
the company decreased with -5.49 % between 2013 and 2014.
The total assets are entirely composed of
current assets.
Assets reduction is explained by a Net Worth
decrease of -2.22 %, and an indebtedness reduction of -45.8 %.
In 2014 the assets of the company were 3.22
% composed of fixed assets and 96.78 % by current assets. The assets are being
financed by an equity of 95.69 %, and total debt of 4.31 %.
The total assets of the company decreased
with -6.9 % between 2012 and 2013.
The total assets are entirely composed of
current assets.
In 2013 the assets of the company were 3.04
% composed of fixed assets and 96.96 % by current assets. The assets are being
financed by an equity of 92.49 %, and total debt of 7.51 %.
Profit
and Loss
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Operating expenses |
270 |
1.896 |
1.692 |
1.447 |
1.398 |
|
Operating result |
-270 |
-1.896 |
-1.692 |
-1.447 |
-1.398 |
|
|
|||||
|
Financial expenses |
|
65 |
|
|
|
|
Financial result |
|
-65 |
|
|
|
|
Result on ordinary operations
before taxes |
-270 |
-1.961 |
-1.692 |
-1.447 |
-1.398 |
|
|
|||||
|
Result of ordinary activities after
taxes |
-270 |
-1.961 |
-1.692 |
-1.447 |
-1.398 |
|
|
|||||
|
Net result |
-270 |
-1.961 |
-1.692 |
-1.447 |
-1.398 |
Summary The operating
result of the company grew with 85.76 % between 2013 and 2014. 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 85.45 % of the analysed period,
being equal to 2013 % in the year 2014.
The Net Result of the company decreased by
86.23 % 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 85.92
% of the analysed period, being -2.27 % in the year 2014.
The company's financial structure has slowed
down its financial profitability.
The operating result of the company declined
with -12.06 % 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 -24.46 % of the analysed period,
being equal to 2012 % in the year 2013.
The Net Result of the company increased by
-15.9 % 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 -34.56
% of the analysed period, being -16.12 % in the year 2013.
The company's financial profitability has
been positively affected by its financial structure.
Analysis
Branch (SBI) Wholesale trade
(no motor vehicles and motorcycles) (46)
Region Groot Amsterdam
In the Netherlands 109662 of the companies
are registered with the SBI code 46
In the region Groot Amsterdam 10512 of the
companies are registered with the SBI code 46
In the Netherlands 2387 of the bankrupcties are
published within this sector
In the region Groot Amsterdam 209 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 Amsterdam is normal
Publications
Filings 12-08-2014: De
jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.
22-05-2013: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
23-05-2012: De jaarrekening over 2012
(gebroken boekjaar) is gepubliceerd.
22-08-2011: De jaarrekening over 2011
(gebroken boekjaar) is gepubliceerd.
18-11-2010: De jaarrekening over 2010
(gebroken boekjaar) is gepubliceerd.
Company
structure
Relations 4
Pepe Jeans SL
Spain
• Pepe Jeans Europe B.V.
Keizersgracht 321
1016EE Amsterdam
Netherlands
Registration number: 332722190000
• Pepe Jeans Nederland B.V.
Keizersgracht 321
1016EE Amsterdam
Netherlands
Registration number: 341318680000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.94.28 |
|
Euro |
1 |
Rs.73.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.