MIRA INFORM REPORT
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Report No. : |
340669 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPERSTAR B.V. |
|
|
|
|
Registered Office : |
Luchtvaartstraat 3B 1059CA AMSTERDAM |
|
|
|
|
Country : |
Netherlands |
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|
|
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Financials (as on) : |
31.12.2013 |
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|
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Date of Incorporation : |
10.03.1972 |
|
|
|
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Com. Reg. No.: |
KvK-nummer: 37053418 |
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|
|
|
Legal Form : |
Private company with common structure |
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Line of Business : |
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|
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No. of Employees : |
5 |
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
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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) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NETHERLANDS - ECONOMIC
OVERVIEW
The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. 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 underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government 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 has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.
|
Source
: CIA |
Summary
|
Company
name |
Superstar B.V. |
|
Operative
address |
Luchtvaartstraat 3B |
|
|
1059CA AMSTERDAM |
|
|
Netherlands |
|
Legal
form |
Private company with common structure |
|
Registration
number |
KvK-nummer: 37053418 |
|
VAT-number |
008178446 |
|
Year |
2013 |
Mutation |
Mutation |
|
Total receivables |
1.665.000 |
|
|
|
Total equity |
-14.181.000 |
|
|
|
Short term liabilities |
19.699.000 |
|
|
|
Net result |
-1.833.000 |
|
|
|
Working capital |
-14.181.000 |
|
|
|
Quick ratio |
0,11 |
0,00 |
0,00 |
Contact
information
Company name Superstar B.V.
Trade names SPS Superstar
Superstar
Operative address Luchtvaartstraat
3B
1059CA
AMSTERDAM
Netherlands
Correspondence address Luchtvaartstraat
3B
1059CA
AMSTERDAM
Netherlands
Telephone number 088-3225500
Fax number 072 5742551
Email address info@sps-superstar.nl
Registration
Registration number KvK-nummer:
37053418
Branch number 000019427271
VAT-number 008178446
Status Active
First registration company register 1986-11-27
Memorandum 1986-11-27
Establishment date 1972-03-10
Legal form Private company
with common structure
Legal person since 1986-11-27
Issued placed capital EUR 45.378
Paid up share capital EUR 45.378
Activities
SBI 1413:
Manufacture of other outerwear
47712: Shops
selling ladies’ wear
47717: Shops
selling clothing accessories
Exporter No
Importer No
Relations
Shareholders Superstar
Holding B.V.
Luchtvaartstraat
3B
1059CA
Amsterdam
Netherlands
Registration
number: 37073309
Percentage:
100%
Branches (number) 66
Companies on same address (number) 12
Liability statements Coltex
Retail Group B.V.
Celsiusstraat 2
1704RW Heerhugowaard
Netherlands
Registration number:
31024483
date of issue: 2012-06-07
Starting date: 2010-06-30
End date: 2013-12-30
Management
Active management Coltex
Management B.V.
Luchtvaartstraat 3B
1059CA AMSTERDAM
Netherlands
Registration number:
59270551
Function: Manager
Employees
|
Year |
2015 |
2013 |
2012 |
2011 |
2002 |
|
Total |
5 |
276 |
5 |
5 |
5 |
Payments
Description Payments are
made regularly no complaints are known
Key figures
|
Year |
2013 |
|
Quick ratio |
0,11 |
|
Current ratio |
0,28 |
|
|
|
|
Working capital/ balance total |
-2,57 |
|
Equity / balance total |
-2,57 |
|
Equity / liabilities |
-0,72 |
|
Balance total / liabilities |
0,28 |
|
|
|
|
Working capital |
-14.181.000 |
|
Equity |
-14.181.000 |
|
Return on total assets (ROA) |
-41,12 |
|
Return on equity (ROE) |
16,00 |
|
Gross profit margin |
-4,38 |
|
Net profit margin |
-5,36 |
|
Average collection ratio |
1,73 |
|
Average payment
ratio |
20,53 |
|
Equity turnover
ratio |
-2,41 |
|
Total assets
turnover ratio |
6,19 |
|
Inventory conversion ratio |
10,12 |
|
Turnover |
34.175.000 |
|
Gross margin |
17.840.000 |
|
Operating result |
-1.498.000 |
|
Net result after taxes |
-1.833.000 |
|
Cashflow |
-1.397.000 |
|
Gross profit |
34.175.000 |
|
EBIT |
-1.498.000 |
|
EBITDA |
-1.062.000 |
Summary The 2013 financial result structure is a negative working captial of -14.181.000 euro, which is in agreement with -257 % of the total assets of the company.
The current ratio of the company in 2013 was 0.28. 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 0.11. 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 There is no
financial data published
Type of annual account Corporate
Annual account Superstar
B.V.
Luchtvaartstraat 3B
1059CA AMSTERDAM
Netherlands
Registration number: 37053418
Balance
|
Year |
2013 |
|
|
End date |
2013-12-31 |
|
|
Total stock |
3.377.000 |
|
|
Total receivables |
1.665.000 |
|
|
Liquid funds |
476.000 |
|
|
Current assets |
5.518.000 |
|
|
Total assets |
5.518.000 |
|
|
|
||
|
Issued capital |
45.000 |
|
|
Other reserves |
-12.393.000 |
|
|
Non-distributable profit |
1.833.000 |
|
|
Total reserves |
-8.727.000 |
|
|
Total equity |
-14.181.000 |
|
|
|
||
|
Accounts payable |
114.000 |
|
|
Other short term liabilities |
19.585.000 |
|
|
Short term liabilities |
19.699.000 |
|
|
Total short and long term liabilities |
19.699.000 |
|
|
Total liabilities |
5.518.000 |
|
Profit and
loss
|
Year |
2013 |
|
|
Revenues |
36.974.000 |
|
|
Other operating income |
2.799.000 |
|
|
Net turnover |
34.175.000 |
|
|
|
||
|
Gross margin |
17.840.000 |
|
|
|
||
|
Wages and salaries |
7.112.000 |
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Amorization and depreciation |
436.000 |
|
|
Sales |
16.335.000 |
|
|
other operating costs |
14.589.000 |
|
|
Operating expenses |
38.472.000 |
|
|
Operating result |
-1.498.000 |
|
|
|
||
|
Financial expenses |
771.000 |
|
|
Financial result |
-771.000 |
|
|
Result on ordinary operations before taxes |
-2.269.000 |
|
|
|
||
|
Result of ordinary activities after taxes |
-2.269.000 |
|
|
|
||
|
Extraordinary income |
436.000 |
|
|
Extraordinary result after taxation |
436.000 |
|
|
Net result |
-1.833.000 |
|
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 16 % in
the year 2013.
Analysis
Branch (SBI) Manufacture of
wearing apparel (SBI code 14)
Region Noord-Holland
Noord
Summary 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
22-06-2012: Voor boekjaar
2011 is een instemmingsverklaring gedeponeerd.
20-06-2012: Voor boekjaar 2010
is een instemmingsverklaring gedeponeerd.
Liability
statements -12-2013: Per
27-12-2013 is een aansprakelijkheidsverklaring door Coltex Retail Group
B.V. ingetrokken.
20-06-2012: Per 07-06-2012
is een aansprakelijkheidsverklaring door Coltex Retail Group
B.V. gedeponeerd.
08-06-2012: Per 25-03-2002
is een aansprakelijkheidsverklaring door Superstar International
B.V. ingetrokken.
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.
Deposits 14-01-2015: De
jaarrekening over 2013 is gepubliceerd.
Functions 22-12-2014: Per
08-12-2014 is bestuurder 59270551 Coltex Management B.V. in functie getreden.
22-12-2014: Per 08-12-2014
is bestuurder 37022644 Coltex Holding B.V. uit functie getreden.
Company
structure
Relations 15
Company Registration
number
Fiddler's (2550 Kontich)
| - - 2Buy Col2N3 B.V. (Amsterdam) 61504866
| - - | - - NLB Fashion B.V. (AMSTERDAM) 61473103
| - - | - - | - - NLB Fashion Services B.V. (Amsterdam) 62039873
| - - | - - | - - Steps Holding B.V. (AMSTERDAM) 59317469
| - - | - - | - - | - - Steps Nederland B.V. (Amsterdam) 31021116
| - - | - - | - - | - - | - - Steps Huur B.V. (AMSTERDAM) 59509198
| - - | - - | - - | - - | - - Steps Onroerend Goed B.V. (AMSTERDAM)
31024482
| - - | - - | - - Coltex Management B.V. (AMSTERDAM) 59270551
| - - | - - | - - Superstar Holding B.V. (Amsterdam) 37073309
| - - | - - | - - | - - Superstar Huur B.V. (AMSTERDAM) 59509201
| - - | - - | - - | - - Superstar B.V. (AMSTERDAM) 37053418
| - - | - - | - - Coltex Beheer B.V. (AMSTERDAM) 37070807
| - - | - - | - - | - - Coltex Holding B.V. (AMSTERDAM) 37022644
| - - | - - | - - Coltex B.V. (AMSTERDAM) 37042364
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
UK Pound |
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
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|
Report Prepared
by : |
TRU |
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.