help with batch script

I have a file named xyz.txt with the contents
eg:
abc/pluto/tag/ver_1.0(b0123)
abc/pippo/tag/ver_1.0(b0124)
.
and so on

I need a script which read one by one the enteries from the file xyz.txt
create folders pluto/ver_1.0(b0123) and pippo/ver_1.0(b0124) ans so on

and run a command svn checkout in corresponding folder as
svn checkout "abc/pluto/tags/ver_1.0(b0123)" in pluto/ver_1.0(b0123)
and
svn checkout "abc/pippo/tags/ver_1.0(b0124)" in pippo/ver_1.0(b0124)

thanks in advance

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