MIRA INFORM REPORT
|
Report No. : |
342695 |
|
Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MODEHUIZEN CLAUDIA-STRÄTER B.V. |
|
|
|
|
Registered Office : |
Stammerhove 1 1112va Diemen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
08.10.1942 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 33058678 |
|
|
|
|
Legal Form : |
Private company with common structure |
|
|
|
|
Line of Business : |
Operating stores in the area of women's outerwear, backfish-, children, fur clothing and articles damesmode- , haberdashery. |
|
|
|
|
No. of Employee : |
80 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 highTRADE 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 Modehuizen
Claudia-Sträter B.V.
Operative
address Stammerhove 1
1112VA DIEMEN
Netherlands
Legal
form Private company
with common structure
Registration
number KvK-nummer: 33058678
VAT-number
001029782
|
Year |
2014 |
Mutation |
2013 |
Mutation |
2012 |
|
Fixed assets |
3.275.000 |
-15,35 |
3.869.000 |
-9,22 |
4.262.000 |
|
Total receivables |
7.431.000 |
164,35 |
2.811.000 |
73,20 |
1.623.000 |
|
Total equity |
5.590.000 |
3,46 |
5.403.000 |
-12,30 |
6.161.000 |
|
Short term liabilities |
10.116.000 |
50,56 |
6.719.000 |
32,00 |
5.090.000 |
|
Net result |
187.000 |
-84,94 |
1.242.000 |
63,42 |
760.000 |
|
Working capital |
2.315.000 |
-56,61 |
5.335.000 |
155,39 |
2.089.000 |
|
Quick ratio |
0,80 |
-31,62 |
1,17 |
51,95 |
0,77 |
Contact
information
Company
name Modehuizen Claudia-Sträter
B.V.
Trade
names Claudia Sträter
Modehuizen Claudia-Sträter
B.V.
Operative
address Stammerhove 1
1112VA DIEMEN
Netherlands
Correspondence
address Postbus 33
1110AA DIEMEN
Netherlands
Telephone
number 020-5698500
Fax
number 0205698699
Email
address info@claudiastrater.com
Registration
Registration
number KvK-nummer: 33058678
Branch
number 000018014038
VAT-number
001029782
Status
Active
First
registration company
register
1949-04-14
Memorandum
1949-04-14
Establishment
date 1942-10-08
Legal
form Besloten vennootschap met gewone
structuur
Legal
person since 1972-03-01
Last
proposed admendment 2013-01-30
Issued
placed capital EUR 57.000
Paid
up share capital EUR 57.000
Activities
SBI
70102: Holding companies
(not financial)
Exporter
No
Importer
No
Goal Operating stores in the area of women's outerwear , backfish, children, fur clothing and articles damesmode- , haberdashery
Relations
Shareholders
2 Buy Claudia
Sträter B.V.
Stammerhove 1
1112VA Diemen
Netherlands
Registration number: 34334863
Percentage: 100%
Companies
on same address Expresso Fashion B.V.
Registration number: 33175469
New Fashions B.V.
Registration number: 18032483
2 Buy Claudia Sträter B.V.
Registration number: 34334863
Stichting Management Claudia Sträter
Registration number: 34380219
Expresso Fashion Web B.V.
Registration number: 54278678
CKS Retail NL B.V.
Registration number: 57934320
FNG GROUP NEDERLAND B.V.
Registration number: 58804293
FNG Finance B.V.
Registration number: 62201565
Liability
statements Victoria
Nederland B.V.
Overschiestraat 615EVERDIEPIN
1062XD AMSTERDAM
Netherlands
Registration number: 33140908
Starting date: 2007-11-09
End date: 2009-03-18
Management
Active
management 2 Buy Claudia
Sträter B.V.
Stammerhove 1
1112VA Diemen
Netherlands
Registration number: 34334863
Competence: Fully authorized
Function: Manager
Starting date: 2009-04-24
F.W.A. Helmstrijd Frederik Willem Andries
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 1995-11-01
Date of birth: 1959-01-14, Windlesham, GB
Involved with the following companies:
Stichting Huizer Hockey Club
Bestevaer 250
1411DT NAARDEN
Netherlands
Registration number: 32144281
Function: Chairman
Employees
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
80 |
223 |
218 |
80 |
80 |
Payments
Description The payments are regular
Key
figures
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,80 |
1,17 |
0,77 |
1,39 |
1,28 |
|
Current ratio |
1,23 |
1,79 |
1,41 |
1,89 |
1,86 |
|
Working capital/ balance
total |
0,15 |
0,34 |
0,18 |
0,33 |
0,32 |
|
Equity / balance
total |
0,36 |
0,34 |
0,54 |
0,60 |
0,45 |
|
Equity / Fixed
assets |
1,71 |
1,40 |
1,45 |
1,99 |
1,48 |
|
Equity / liabilities |
0,55 |
0,51 |
1,21 |
1,47 |
0,82 |
|
Balance total /
liabilities |
1,55 |
1,51 |
2,25 |
2,47 |
1,82 |
|
Working capital |
2.315.000 |
5.335.000 |
2.089.000 |
5.200.000 |
4.494.000 |
|
Equity |
5.590.000 |
5.403.000 |
6.161.000 |
9.401.000 |
6.285.000 |
|
Mutation equity |
3,46 |
-12,30 |
-34,46 |
49,58 |
|
|
Mutation short term
liabilities |
50,56 |
32,00 |
-13,07 |
11,89 |
|
|
Return on total
assets (ROA) |
4,44 |
10,31 |
8,92 |
15,56 |
-69,38 |
|
Return on equity
(ROE) |
12,49 |
30,39 |
16,56 |
26,11 |
-154,32 |
|
Gross profit margin |
1,96 |
4,51 |
3,19 |
7,99 |
-36,98 |
|
Net profit margin |
0,54 |
3,34 |
2,42 |
10,30 |
-30,25 |
|
Average collection ratio |
3,43 |
5,53 |
6,17 |
5,17 |
5,04 |
|
Average payment ratio |
4,66 |
13,21 |
19,35 |
17,69 |
6,38 |
|
Equity turnover ratio |
6,20 |
6,87 |
5,10 |
3,22 |
4,20 |
|
Total assets turnover
ratio |
2,21 |
2,33 |
2,74 |
1,92 |
1,89 |
|
Fixed assets turnover
ratio |
10,58 |
9,60 |
7,37 |
6,40 |
6,20 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Inventory conversion ratio |
8,04 |
8,91 |
9,59 |
10,38 |
8,68 |
|
Turnover |
34.650.000 |
37.133.000 |
31.398.000 |
30.260.000 |
26.368.000 |
|
Gross margin |
21.187.000 |
23.693.000 |
|
19.139.000 |
16.350.000 |
|
Operating result |
679.000 |
1.673.000 |
1.002.000 |
2.418.000 |
-9.750.000 |
|
Net result after
taxes |
187.000 |
1.242.000 |
760.000 |
3.116.000 |
-7.977.000 |
|
Cashflow |
800.000 |
2.026.000 |
1.615.000 |
4.084.000 |
-6.696.000 |
|
Gross profit |
|
|
31.398.000 |
|
|
|
EBIT |
679.000 |
1.673.000 |
1.002.000 |
2.418.000 |
-9.750.000 |
|
EBITDA |
1.292.000 |
2.457.000 |
1.857.000 |
3.386.000 |
-8.469.000 |
Summary The 2014 financial result structure is a postive
working captial of 2.315.000 euro, which is in agreement with 15 % of the total
assets of the company.
The working capital has diminished with
-56.61 % 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
1.23. 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
0.8. A company with a Quick Ratio of less than 1 cannot currently pay back its
current liabilities.
The 2013 financial result structure is a
postive working captial of 5.335.000 euro, which is in agreement with 34 % of
the total assets of the company.
The working capital has increased with 155.39
% 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
1.79. A company with a current ratio between 1.5 and 3.0 generally indicates
good short-term financial strength.
The quick ratio in 2013 of the company was
1.17. 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 There is no financial data
published
Type
of annual account Corporate
Annual
account Modehuizen
Claudia-Sträter B.V.
Stammerhove 1
1112VA DIEMEN
Netherlands
Registration number: 33058678
Balance
sheet
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-03-31 |
2013-03-31 |
2012-01-31 |
2011-01-31 |
2010-01-31 |
|
Intangible fixed assets |
244.000 |
199.000 |
235.000 |
329.000 |
298.000 |
|
Tangible fixed assets |
1.819.000 |
1.947.000 |
1.904.000 |
2.013.000 |
2.233.000 |
|
Financial fixed assets |
1.212.000 |
1.723.000 |
2.123.000 |
2.383.000 |
1.722.000 |
|
Fixed assets |
3.275.000 |
3.869.000 |
4.262.000 |
4.725.000 |
4.253.000 |
|
Total stock |
4.312.000 |
4.169.000 |
3.275.000 |
2.916.000 |
3.038.000 |
|
Total receivables |
7.431.000 |
2.811.000 |
1.623.000 |
1.711.000 |
4.136.000 |
|
Liquid funds |
688.000 |
5.074.000 |
2.281.000 |
6.428.000 |
2.553.000 |
|
Current assets |
12.431.000 |
12.054.000 |
7.179.000 |
11.055.000 |
9.727.000 |
|
Total assets |
15.706.000 |
15.923.000 |
11.441.000 |
15.780.000 |
13.980.000 |
|
Issued capital |
57.000 |
57.000 |
|
57.000 |
57.000 |
|
Other reserves |
5.346.000 |
4.104.000 |
|
6.228.000 |
-7.977.000 |
|
Non-distributable profit |
187.000 |
1.242.000 |
|
3.116.000 |
14.205.000 |
|
Total reserves |
5.533.000 |
5.346.000 |
|
9.344.000 |
6.228.000 |
|
Total equity |
5.590.000 |
5.403.000 |
6.161.000 |
9.401.000 |
6.285.000 |
|
Provisions |
|
51.000 |
190.000 |
324.000 |
2.262.000 |
|
Long term interest
yielding debt |
|
3.750.000 |
|
|
|
|
Financial debts |
|
|
|
200.000 |
200.000 |
|
Long term liabilities |
|
3.750.000 |
|
200.000 |
200.000 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
End date |
2014-03-31 |
2013-03-31 |
2012-01-31 |
2011-01-31 |
2010-01-31 |
|
Short term liabilities |
10.116.000 |
6.719.000 |
5.090.000 |
5.855.000 |
5.233.000 |
|
Total short and
long term liabilities |
10.116.000 |
10.520.000 |
5.090.000 |
6.379.000 |
7.695.000 |
|
Total liabilities |
15.706.000 |
15.923.000 |
11.441.000 |
15.780.000 |
13.980.000 |
Summary
The total assets of the company decreased with
-1.36 % between 2013 and 2014.
This downturn is mainly retrievable in the
fixed asset decrease of -15.35 %.
The asset reduction is in contrast with the
equity growth of 3.46 %. Due to this the total debt
decreased with -3.84 %.
In 2014 the assets of the company were 20.85
% composed of fixed assets and 79.15 % by
current assets. The assets are being financed
by an equity of 35.59 %, and total debt of
64.41 %.
The total assets of the company increased
with 39.17 % between 2012 and 2013.
Despite the assets growth, the non current
assets decreased with -9.22 %.
Asset growth is in contrasts with the net
worth decline of -12.3 %. The company's
indebtedness has, therefore, increased with
106.68 %.
In 2013 the assets of the company were 24.3 %
composed of fixed assets and 75.7 % by
current assets. The assets are being financed
by an equity of 33.93 %, and total debt of
66.07 %.
Profit
and loss
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Revenues |
34.650.000 |
37.133.000 |
31.398.000 |
30.260.000 |
26.368.000 |
|
Net turnover |
34.650.000 |
37.133.000 |
31.398.000 |
30.260.000 |
26.368.000 |
|
Gross margin |
21.187.000 |
23.693.000 |
|
19.139.000 |
16.350.000 |
|
Year |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Wages and salaries |
10.378.000 |
10.304.000 |
8.164.000 |
8.171.000 |
7.875.000 |
|
Amorization and depreciation |
613.000 |
784.000 |
855.000 |
968.000 |
1.281.000 |
|
Sales |
13.463.000 |
13.440.000 |
|
11.121.000 |
10.018.000 |
|
other operating costs |
9.517.000 |
10.932.000 |
8.977.000 |
7.582.000 |
16.944.000 |
|
Raw materials and
consumables |
|
|
12.400.000 |
|
|
|
Operating expenses |
33.971.000 |
35.460.000 |
30.396.000 |
27.842.000 |
36.118.000 |
|
Operating result |
679.000 |
1.673.000 |
1.002.000 |
2.418.000 |
-9.750.000 |
|
Financial income |
128.000 |
87.000 |
21.000 |
63.000 |
94.000 |
|
Financial expenses |
109.000 |
118.000 |
3.000 |
26.000 |
43.000 |
|
Financial result |
19.000 |
-31.000 |
18.000 |
37.000 |
51.000 |
|
Result on ordinary
operations before taxes |
698.000 |
1.642.000 |
1.020.000 |
2.455.000 |
-9.699.000 |
|
Taxation on the
result of ordinary
activities |
511.000 |
400.000 |
260.000 |
-661.000 |
-1.722.000 |
|
Result of ordinary
activities after taxes |
187.000 |
1.242.000 |
760.000 |
3.116.000 |
-7.977.000 |
|
Net result |
187.000 |
1.242.000 |
760.000 |
3.116.000 |
-7.977.000 |
Summary
The turnover of the company decreased by
-6.69 % between 2013 and 2014.
The gross profit of the company decreased by
-10.58 % between 2013 and 2014.
The operating result of the company declined
with -59.41 % 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 -56.94
% of the analysed period, being equal to 2013
% in the year 2014.
This fall has contributed to a asset turnover
decrease, whose index evolved from -5.15 to a
level of 2.21.
The Net Result of the company increased by
-84.94 % between 2013 and 2014.
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
-58.9 % of the analysed period, being 12.49 %
in the year 2014.
The company's financial profitability has
been positively affected by its financial structure.
The turnover of the company grew with 18.27 %
between 2012 and 2013.
The operating result of the company grew with
66.97 % between 2012 and 2013. 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 15.58
% of the analysed period, being equal to 2012
% in the year 2013.
Despite the growth the assets turnover decreased,
whose index evolved with -14.96 % to a
level of 2.33.
The Net Result of the company decreased by
63.42 % 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
83.51 % of the analysed period, being 30.39 %
in the year 2013.
The company's financial structure has slowed down its financial
profitability.
Analysis
Branch
(SBI) Holding companies (not
financial) (SBI code 70)
Region
Groot Amsterdam
Summary
In the Netherlands 164954
of the companies are registered with the SBI code 70
In the region Groot Amsterdam 18004 of the
companies are registered with the SBI code 70
In the Netherlands 1108 of the bankrupcties
are published within this sector
In the region Groot Amsterdam 85 of the
bankruptcies are published within this sector
The risk of this specific sector in the
Netherlands is Low
The risk of this specific sector in the
region Groot Amsterdam is Low
Publications
Deposits
30-12-2014: De jaarrekening
over 2014 (gebroken boekjaar) is gepubliceerd.
13-01-2014: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
13-01-2014: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
13-01-2014: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
13-01-2014: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
13-01-2014: De jaarrekening over 2013
(gebroken boekjaar) is gepubliceerd.
22-08-2012: De jaarrekening over 2012
(gebroken boekjaar) is gepubliceerd.
24-11-2011: De jaarrekening over 2011
(gebroken boekjaar) is gepubliceerd.
09-03-2011: De jaarrekening over 2010
(gebroken boekjaar) is gepubliceerd.
Amendments
01-02-2013: Per 30-1-2013
statuten gewijzigd.
Company
structure
Relations
4
Company
Registration
number
FNG
Group NV (B-2820 Bonheiden)
|
- - 2 Buy Claudia Sträter B.V. (Diemen)
34334863
|
- - | - - CKS Retail NL B.V. (DIEMEN)
57934320
|
- - | - - Modehuizen Claudia-Sträter B.V. (DIEMEN)
33058678
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
|
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.