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Report No. : |
350062 |
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Report Date : |
21.11.2015 |
IDENTIFICATION DETAILS
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Name : |
BESTSELLER AS |
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Formerly Known As : |
A/S AF 30/8 1982 BESTSELLER WHOLESALE A/S |
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Registered Office : |
Fredskovvej 5, Brande 7330 |
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Country : |
Denmark |
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Financials (as on) : |
2014 |
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Date of Incorporation : |
30.08.1982 |
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Com. Reg. No.: |
88216512 |
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Legal Form : |
Limited Company |
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Line of Business : |
· Wholesale of clothing · Renting of non-residential buildings |
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No. of Employees : |
2256 [2014] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Denmark |
A2 |
A2 |
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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 |
DENMARK - ECONOMIC OVERVIEW
This thoroughly modern market economy features a high-tech
agricultural sector, state-of-the-art industry with world-leading firms in
pharmaceuticals, maritime shipping and renewable energy, and a high dependence
on foreign trade. Denmark is a member of the European Union (EU); Danish
legislation and regulations conform to EU standards on almost all issues. Danes
enjoy a high standard of living and the Danish economy is characterized by
extensive government welfare measures and an equitable distribution of income.
Denmark is a net exporter of food and energy and enjoys a comfortable balance
of payments surplus, but depends on imports of raw materials for the
manufacturing sector. Within the EU, Denmark is among the strongest supporters
of trade liberalization. After a long consumption-driven upswing, Denmark's
economy began slowing in 2007 with the end of a housing boom. Housing prices
dropped markedly in 2008-09 and, following a short respite in 2010, have since
continued to decline. Household indebtedness is still relatively high at more
than 275% of gross disposable income in the first half of 2013. The global
financial crisis has exacerbated this cyclical slowdown through increased
borrowing costs and lower export demand, consumer confidence, and investment.
Denmark made a modest recovery in 2010, in part because of increased government
spending; however, the country experienced a technical recession in late
2010-early 2011 and has been slow to emerge from it in 2012-14 . Historically
low levels of unemployment rose sharply with the recession and have remained at
about 6% in 2010-13, based on the national measure, about two-thirds average EU
unemployment. An impending decline in the ratio of workers to retirees will be
a major long-term issue. Denmark maintained a healthy budget surplus for many
years up to 2008, but the budget balance swung into deficit in 2009, where it
remains. In spite of the deficits, the new coalition government delivered a
modest stimulus to the economy in 2012. Despite previously meeting the criteria
to join the European Economic and Monetary Union (EMU), Denmark has negotiated
an opt-out with the EU and is not required to adopt the euro.
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Source
: CIA |
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Business Name |
Bestseller A/S |
|
Country |
DENMARK |
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Company Registration Number |
88216512 |
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Activity Code |
464210 |
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Activity Description |
Wholesale of
clothing |
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Company Status |
Active (Active) |
|
Local Description |
Businesses at
this level are regarded as having excellent creditworthiness. Small businesses
only have a limited possibility of achieving this level. Businesses at this
level are in a class by themselves and will have results or financial
foundations which are among the best in the country. The credit risk is
regarded as minimal. |
Basic
Information
|
|
|
Business Name |
Bestseller A/S |
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Registered Company Name |
Bestseller A/S |
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Company Registration Number |
88216512 |
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Country |
DENMARK |
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Date of Company Registration |
30/08/1982 |
|
Legal Form |
Limited Company |
|
Company Status |
Active (Active) |
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Currency of this Report |
DKK |
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Principal Activity Code |
464210 |
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Principal Activity Description |
Wholesale of clothing |
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Contact Address |
Fredskovvej 5, Brande 7330 |
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Contact Telephone Number |
99423200 |
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Main
Address
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Address |
Fredskovvej 5, Brande 7330 |
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Country |
DENMARK |
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Telephone |
99423200 |
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Activity Code |
Activity
Description |
|
464210 |
Wholesale of
clothing |
|
682040 |
Renting of
non-residential buildings |
contact@bestseller.com
www.bestseller.com
A/S AF 30/8 1982
BESTSELLER WHOLESALE A/S
|
Year |
Number of Employees |
|
2014 |
2256 |
|
2013 |
1990 |
|
2012 |
1810 |
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Real
Estate
|
|
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Real Estate |
No |
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Other
Trading Names
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|
Type |
Name |
|
Business name |
Bestseller Retail
A/S |
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Popular name |
Bestseller
Danmark |
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Popular name |
Jack & Jones |
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Popular name |
Jacqueline De
Young |
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Global
Trading Information
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Export |
Worldwide |
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Import |
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Other
Information
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Type |
Text |
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Historical data |
The company has
per 1998 transferred some of its former activities to Bestseller Detail A/S
(REG 242.941). |
|
Historical data |
The company
merged on 02-05-2006 with Ejendomsselskabet af 27/4 1998 A/S (CVR 10048893),
the registered company being the continuing one |
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Type |
Text |
|
Historical data |
The company merged on 13-02-2014 with Bestseller Retail A/S
(CVR 30731999), the registered company being the continuing one. |
|
Historical data |
The company merged on 20-08-2014 with Aktieselskabet af 17.11.2011 (CVR 31620171), the registered company being the continuing one. |
|
Capital conditions |
Fully paid up |
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Date Format |
MM-DD |
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Accounts Start Date |
08-01 |
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Accounts End Date |
07-31 |
Profit
and Loss
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|||
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Financial Year |
2014 |
2013 |
2012 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Revenue |
11.661.953.000 |
10.911.711.000 |
10.080.722.000 |
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Operating Profit |
1.585.114.000 |
1.103.443.000 |
912.400.000 |
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Retained Profit |
913.968.000 |
732.058.000 |
770.300.000 |
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Balance
Sheet
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|||
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Financial Year |
2014 |
2013 |
2012 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Land & Buildings |
- |
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Plant & Machinery |
- |
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TOTAL ASSETS |
9.146.220.000 |
9.127.830.000 |
8.741.968.000 |
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Other Reserves |
5.509.499.000 |
5.580.610.000 |
6.001.781.000 |
Share
Capital Structure
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Nominal Share
Capital |
110.000.000 DKK |
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Shareholders
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Shareholder |
Address |
% Shares Held |
|
Bestseller United A/S |
Fredskovvej 5 Brande 7330 DNK |
100 |
Current
Directors
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|
Name |
Appointment Date |
Position |
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Anders Holch Povlsen |
04/07/2001 |
Managing director |
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Lisbeth Holm Højgaard |
25/04/2003 |
General manager |
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|
Lise Kaae |
03/02/2009 |
General manager |
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|
Merete Bech Povlsen |
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Chairman |
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Troels Holch Povlsen |
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Member of the board |
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Anders Holch Povlsen |
24/09/1998 |
Member of the board |
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|
Finn Poulsen |
04/07/2001 |
Member of the board |
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Anders Holch Povlsen |
03/06/2003 |
Sales |
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Ultimate
Holding Parent
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Ultimate Holding
Company Name |
Bestseller United A/S |
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Ultimate Holding
Company Country |
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Subsidiary
Companies
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Subsidiary Name |
Country |
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Bestseller AS |
NORWAY |
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Bestseller Sverige AB |
SWEDEN |
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Bestseller Textilhandels GmbH |
GERMANY |
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Bestseller Retail Europe A/S |
DENMARK |
|
Bestseller Norge Detalj AS |
NORWAY |
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Bestseller Retail AS |
NORWAY |
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Bestseller Retail Deutschland GmbH |
GERMANY |
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Bestseller Tekstil Ltd. |
TURKEY |
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Bestseller Handels GmbH |
AUSTRIA |
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Bestseller Wholesale UK Ltd. |
UNITED KINGDOM |
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Bestseller Retail Ireland Ltd. |
IRELAND |
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Bestseller Retail Denmark A/S |
DENMARK |
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AHPK GmbH |
GERMANY |
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Bestseller Retail Belgium BVBA |
BELGIUM |
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Bestseller Wholesale Belgium BVBA |
BELGIUM |
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Bestseller Retail Finland OY |
FINLAND |
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Bestseller Italy SpA |
ITALY |
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Bestseller United Italy SpA |
ITALY |
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Bestseller Wholesale France SaS |
FRANCE |
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Subsidiary Name |
Country |
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Bestseller Retail
(Schweiz) AG |
SWITZERLAND |
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Bestseller Rus
LLC |
RUSSIAN
FEDERATION |
|
Bestseller Retail
UK Ltd. |
UNITED KINGDOM |
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BRN Best Retail
Norge AS |
NORWAY |
|
V.M. Retail B.V. |
NETHERLANDS |
|
Bestseller
Wholesale Canada Inc |
CANADA |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.09 |
|
|
1 |
Rs.101.04 |
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Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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|
-- |
NB |
New Business |
-- |
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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.