|
Report Date : |
15.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
KONINKLIJKE
DOUWE EGBERTS B.V. |
|
|
|
|
Registered Office : |
Oosterdoksstraat
80 1011DK Amsterdam |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
29.05.1970 |
|
|
|
|
Com. Reg. No.: |
01045536 |
|
|
|
|
Legal Form : |
Besloten
Vennootschap |
|
|
|
|
Line of Business : |
Activities of holding companies (none financial holding) |
|
|
|
|
No. of Employees : |
26 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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 Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an 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. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. 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 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. 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. The government also 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 fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.
Source
: CIA
|
Company name |
Koninklijke Douwe Egberts
B.V. |
|
Tradename |
Koninklijke Douwe Egberts
B.V. |
|
|
Decaf |
|
|
D.E MASINR BLENDERS 1753 |
|
Address |
Oosterdoksstraat 80 |
|
|
1011DK Amsterdam |
|
|
Netherlands |
|
Mail address |
Postbus 1753 |
|
|
1000BT Amsterdam |
|
|
Netherlands |
|
Telephone number |
0205581753 |
|
E-mail address |
|
|
Website |
|
|
VAT number / RSIN |
003197402B16 |
|
Branch(es) |
Koninklijke Douwe Egberts
B.V. (01045536.0001) |
|
|
Oosterdoksstraat 80 |
|
|
1011DK Amsterdam |
|
|
Koninklijke Douwe Egberts
B.V. (01045536.0002) |
|
|
Vleutensevaart 35 |
|
|
3532AD UTRECHT |
|
|
Koninklijke Douwe Egberts
B.V. (01045536.0003) |
|
|
Oosterdoksstraat 80 |
|
|
1011DK AMSTERDAM |
Merger/Split Op
29-01-2013 merger taken place. New registration: Koninklijke Douwe Egberts
B.V., 01045536 Ceased registration: Douwe Egberts Coffee Systems International
B.V., 30054198
|
Handelsregisternummer |
01045536 |
|
Registered in |
Chamber of commerce Amsterdam |
|
Act of foundation |
29-05-1970 |
|
Date of constitution |
09-03-1895 |
|
Last change in statutes |
21-06-2012 |
|
Legal form |
Besloten Vennootschap |
|
Place of constitution |
Joure |
|
Issued capital |
230.000 |
|
Paid up capital |
230.000 |
NACE-code Activities
of holding companies (none financial holding) (7415)
SBI-code Activities
of holding companies (none financiële) (70102)
Formal objective Deelnemen
in, voeren van beheer over en financieren van in Netherlands gevestigde
companies en bedrijven. Samenwerken met en verlenen van diensten aan companies
en bedrijven waar ook ter wereld.
Employees Total:
26
Shareholder DEMB
International B.V. Oosterdoksstraat 80 1011DK AMSTERDAM Netherlands
KvK: 55020399
Active since:
01-09-2012
Percentage:
100.00%
Ultimate parent company D.E. MASINR BLENDERS 1753 N.V.
Oosterdoksstraat 80
1011DK AMSTERDAM
KvK: 54760968
Holding company DEMB International B.V. Oosterdoksstraat 80
1011DK AMSTERDAM
KvK: 55020399
Subsidiary Baro
Bestuursmaatschappij B.V. Leeuwarderweg 1 8501ZD JOURE
KvK: 01042840
DE Export B.V. Vleutensevaart 35 3532AD UTRECHT
KvK: 01053764
Douwe Egberts
Coffee Systems Netherlands B.V. Vleutensevaart 35 3532AD UTRECHT
KvK: 30035437
Douwe Egberts
Netherlands B.V. Vleutensevaart 35 3532AD UTRECHT
KvK: 30042333
Douwe Egberts
Coffee Systems Global Network B.V. Vleutensevaart 35 3532AD UTRECHT
KvK: 30166348
Affiliated companies I. Tas Ezn. B.V. Leeuwarderweg 1 8501ZD JOURE
KvK: 01078098
Douwe Egberts
Finance B.V. Oosterdoksstraat 80 1011DK AMSTERDAM
KvK: 30185001
Sara Lee/de Investments B.V. Oosterdoksstraat 80 1011DK AMSTERDAM
KvK: 33275458
Liability declaration D.E.
MASINR BLENDERS 1753 N.V. (54760968) Oosterdoksstraat 80 1011DK AMSTERDAM Issue
date: 29-06-2012
Since: 29-06-2012
|
|
|
|
Bank |
ABN Amro Bank NV |
|
|
ING Bank NV |
|
|
|
|
Real estate |
Lease |
|
|
|
Management J.A.
Baker Julie April
Authorization:
Fully authorized
Position: Manager
Date appointed: 01-11-2011
N.Y.L. Cosqueric
Nicolas Yves Louis
Authorization:
Limited authorization
Position: Vice
president
Date appointed:
01-04-2012
Date of birth:
07-12-1973
J. van Ginkel Jan
Authorization:
Fully authorized
Position: Manager
Date appointed:
01-10-2012
Date of birth:
31-03-1958
A. Huijs Arjen
Authorization:
Limited authorization
Position: Vice
president
Date appointed:
09-07-2012
Date of birth:
27-02-1976
A.M.C. Kuks Anna
Maria Cornelia
Authorization:
Limited authorization
Position: Manager
Date appointed:
01-03-2012
Date of birth:
06-10-1964
F.J.J. Saelman
Franciscus Jan Joseph
Authorization:
Fully authorized
Position: Manager
Date appointed:
12-12-2012
Date of birth:
08-08-1962 Other directorships: - Proxy: FrieslandCampina Cheese & Butter
B.V. - Amersfoort (KvK: 31016313)
J. Bennink Jan
Position:
Commissaris
Date appointed:
12-12-2012
Date of birth:
19-09-1956
G.J. de Boer-Kruyt
Gerdina Johanna
Position:
Commissaris
Date appointed:
12-12-2012
Date of birth:
18-08-1944 Other directorships: - Commissaris: Reed Elsevier Netherlands B.V. -
AMSTERDAM (KvK: 33156677)
J.O. van Klinken
Johannes Onno
Position:
Commissaris
Date appointed:
12-12-2012
Date of birth:
28-08-1969
Y.Y. Bolleurs-van
Wier Yolanda Yvette
Authorization:
Limited authorization
Position: Proxy
Date appointed:
28-01-2013
Date of birth:
10-12-1972
M. van Brakel
Margreet
Authorization:
Limited authorization
Position: Proxy
Date appointed:
08-10-2012
Date of birth:
15-07-1966
E.V. Burgers
Edward Victor
Authorization:
Limited authorization
Position: Proxy
Date appointed:
13-08-2012
Date of birth:
18-01-1971
D.F. van der
Schalk Dieuwerke Femke
Authorization:
Limited authorization
Position: Proxy
Date appointed:
09-02-2012
Date of birth:
26-04-1973
J.T.M.
Duurland-Poelen Jacqueline Theodora Maria
Authorization:
Limited authorization
Position: Proxy
Date appointed:
05-07-2011
Date of birth:
28-09-1965
P.D.A. Franken
Patrick David Anthony
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-11-2012
Date of birth:
12-09-1976
L.W. Haring Louis
Wolf
Authorization:
Limited authorization
Position: Proxy
Date appointed:
22-10-2007
Date of birth:
03-11-1955
J.W.M. den
Hartog-Storm van 's Gravesande Jonkvrouw Willemien Madelaine Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-03-2012
Date of birth:
19-12-1968
R.J. Kloezeman
Rudolf Johan
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-04-2012
Date of birth:
26-10-1958
J.B. Meertens
Johannes Bernardus
Authorization:
Limited authorization
Position: Proxy
Date appointed:
22-03-2010
Date of birth:
20-06-1958
A. Peña Mayor Antonio
Authorization:
Limited authorization
Position: Proxy
Date appointed:
03-08-2012
Date of birth:
20-02-1970
G. Puig Romagosa
Gabriel
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-04-2012
Date of birth:
15-12-1971
M. Quelle-Fontijn
Monique
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-05-2012
Date of birth:
17-09-1965
R.B. Rijnja Rogier
Benedikt
Authorization:
Limited authorization
Position: Proxy
Date appointed:
16-05-2011
Date of birth:
14-11-1962
R. Schwab Rudof
Authorization:
Limited authorization
Position: Proxy
Date appointed:
01-04-2012
Date of birth:
28-05-1954
J.T.M. Sluijs
Johannes Theodorus Maria
Authorization:
Limited authorization
Position: Proxy
Date appointed:
13-08-2012
Date of birth:
07-06-1966
A.M.J.G. Wöltgens
Anne Marie Joséphine Gertrude
Authorization:
Limited authorization
Position: Proxy
Date appointed:
09-02-2012
Date of birth:
19-04-1967
Payments Betreft
het payment experiences over het afgelopen quarter
Quarter: 1 2013: 51 Average days
|
|
invoices |
current
quarter |
|
|
Total |
32 |
100% |
148.820 |
|
Within
terms |
|
81,6% |
121.500 |
|
Delayed
0 - 30 |
4 |
15,3% |
22.730 |
|
Delayed
31 - 60 |
|
3,1% |
4.590 |
|
Delayed
61 - 90 |
|
|
|
|
Delayed 91-120 |
|
|
|
|
Delayed 120+days
|
|
|
|
|
Type of publication |
Consolidated |
|
Annual accounts van |
D.E. MASINR BLENDERS 1753 N.V. |
|
|
Oosterdoksstraat 80 |
|
|
1011DK AMSTERDAM |
|
|
KvK: 54760968 |
|
Publication |
Steady |
|
BOOKYEAR |
2012 |
|
Quick ratio |
0,67 |
|
Current ratio |
1,06 |
|
Nett workingcapital / Balance total |
0,03 |
|
Capital and reserves / Balance total |
0,15 |
|
Capital and reserves / Fixed assets |
0,30 |
|
Solvency |
0,18 |
|
Nett workingcapital |
63.586.000 |
|
Capital and reserves |
317.598.000 |
|
Nett Turnover |
2.795.018.000 |
|
Operating profit |
131.014.000 |
|
|
|
|
Annual accounts |
The published financial information is the
consolidated group information. |
|
Last annual accounts |
2012 |
|
Type of publication |
Corporate |
|
Turnover |
2012: 2.795.018.000 |
|
Gross profit |
2012: 1.007.930.000 |
|
Operating profit |
2012: 131.014.000 |
|
Result after taxes |
2012: 132.191.000 |
|
Tendency |
Not to be judged because of the absence of
sufficient financial information |
|
Capital and reserves |
2012 317.598.000 |
|
Total debt |
2012 1.846.390.000 |
|
Current ratio |
2012 1,06 |
|
Quick ratio |
2012 0,67 |
|
Nett workingcapital |
2012 63.586.000 |
|
Profitability |
More than sufficient |
|
|
Solvency |
Moderate |
|
|
Liquidity |
Own resources are worn
out |
|
|
Currency |
Euro |
|
|
BOOKYEAR |
2012 |
|
End of bookyear |
30-06-2012 |
|
Intangible assets |
386.817.000 |
|
Tangible assets |
377.437.000 |
|
Financial assets |
301.033.000 |
|
Fixed assets |
1.065.287.000 |
|
|
|
|
Stocks and work in progress |
404.863.000 |
|
Trade debtors |
282.269.000 |
|
Other amounts receivable |
191.226.000 |
|
Accounts receivable |
473.495.000 |
|
Liquid assets |
220.343.000 |
|
Current assets |
1.098.701.000 |
|
Total assets |
2.163.988.000 |
|
|
|
|
Capital and reserves |
317.598.000 |
|
Provisions |
99.340.000 |
|
Long term liabilities |
711.935.000 |
|
Trade debts suppliers |
282.060.000 |
|
Other short term debts |
753.055.000 |
|
Total short term debt |
1.035.115.000 |
|
Total debt |
1.846.390.000 |
|
Total Liabilities |
2.163.988.000 |
|
|
|
|
PROFIT & LOSS ACCOUNT |
|
|
BOOKYEAR |
2012 |
|
Turnover |
2.795.018.000 |
|
Nett Turnover |
2.795.018.000 |
|
Gross profit |
1.007.930.000 |
|
Wages employees |
430.071.000 |
|
Sales costs |
1.787.088.000 |
|
Depreciation and amortization |
84.582.000 |
|
Other operating charges |
362.263.000 |
|
Operating charges |
2.664.004.000 |
|
Result participations |
191.000 |
|
Operating profit |
131.014.000 |
|
Financial income |
149.636.000 |
|
Financial result |
149.636.000 |
|
Result before taxes |
280.841.000 |
|
Income taxes |
127.347.000 |
|
Result after taxes |
153.494.000 |
|
Extraordinary charges |
21.303.000 |
|
Extraordinary result after taxes |
-21.303.000 |
|
Nett result |
132.191.000 |
Liability statements Per 29-06-2012 filed a declaration of liability.
Per 29-06-2012 filed a withdrawal of declaration of liability.
Consent statements Over bookyear 2012 a consent agreement is filed
Merger and demerger Op 21-12-2012 merger proposal filed. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Douwe Egberts Coffee Systems International B.V., 30054198. Op 31-01-2012 merger taken place. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Decaf B.V., 33073708 ... Op 01-06-2012 merger taken place. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Kiwi European Activities of holding companies B.V., 30103361 ... Op 01-06-2012 merger taken place. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Sara Lee Household Care Netherlands B.V., 24113428 ... Op 01-06-2012 merger taken place. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Buttress B.V., 30115030. Op 31-01-2012 merger taken place. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Decaf B.V., 33073708 ... Op 26-04-2012 merger proposal filed. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Kiwi European Activities of holding companies B.V., 30103361 ... Op 26-04-2012 merger proposal filed. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Sara Lee Household Care Netherlands B.V., 24113428 ... Op 26-04-2012 merger proposal filed. New registration: Koninklijke Douwe Egberts B.V., 01045536 Ceased registration: Buttress B.V., 30115030.
Management Per 12-12-2012 is Commissaris Johannes Onno van Klinken appointed.
Per 12-12-2012 is Commissaris Jan Bennink appointed.
Per 12-12-2012 manager Franciscus Jan Joseph Saelman appointed.
Per 12-12-2012 manager Wouter Fijnaut out of office.
Per 12-12-2012 is Commissaris Frank van Oers out of office.
Per 12-12-2012 is Commissaris Alexander Hendrik George Rinnooy Kan out of office.
Per 12-12-2012 is Commissaris Cornelis Josephus Antonius van Lede out of office.
Per 01-10-2012 manager Jan van Ginkel appointed.
Per 01-10-2012 manager Ronald Franciscus Alphonsus Maria Oomes out of office.
Per 01-11-2012 is Proxy Patrick David Anthony Franken appointed.
Per 30-10-2012 is Proxy Andreas Petrus Cornelius Hoedemaker out of office.
Per 08-10-2012 is Proxy Margreet van Brakel appointed.
Per 03-08-2012 is Proxy Antonio Peña Mayor appointed.
Per 13-08-2012 is Proxy Johannes Theodorus Maria Sluijs appointed.
Per 13-08-2012 is Proxy Edward Victor Burgers appointed.
Per 16-07-2012 is Proxy Andreas Petrus Cornelius Hoedemaker appointed.
Per 01-04-2012 is Proxy Rudof Schwab appointed.
Per 09-07-2012 is Proxy Arjen Huijs appointed. Per 01-04-2012 is Proxy Nicolas Yves Louis Cosqueric appointed.
Per 01-03-2012 is Proxy Jonkvrouw Willemien Madelaine den Hartog-Storm van 's Gravesande appointed.
Per 01-03-2012 is Proxy Anna Maria Cornelia Kuks appointed.
Per 01-05-2012 is Proxy Monique Quelle-Fontijn appointed.
Per 23-04-2012 manager Anouk Lieve Nathalie Alice Biewenga-Ascoop out of office.
Per 23-04-2012 manager Harm Jan Petrus van Pelt out of office.
Per 01-04-2012 is Proxy Rudolf Johan Kloezeman appointed.
Per 01-04-2012 is Proxy Gabriel Puig Romagosa appointed.
Per 05-07-2011 is Proxy Jacqueline Theodora Maria Duurland-Poelen appointed.
Per 01-03-2012 manager Coenraad Johan Peter Terlingen out of office.
Per 01-03-2012 manager Paulus Wilhelmus Johannes Huiskens out of office.
Modifications Per 21-6-2012 statutes modified.
D.E. MASINR BLENDERS 1753
N.V. (54760968) AMSTERDAM
o CoffeeCompany Holding B.V.
(33277981)
AMSTERDAM
Subsidiary
■ The Coffee Company B.V.
(33274865) Amsterdam
Subsidiary
o DEMB International B.V.
(55020399)
AMSTERDAM
Subsidiary
■ Koninklijke Douwe Egberts
B.V. (01045536) Amsterdam
Subsidiary
■ Baro Bestuursmaatschappij
B.V. (01042840) JOURE
Subsidiary
■ Marander Assurantie Compagnie B.V.
(30046124)
UTRECHT
Subsidiary
■
DE Export B.V. (01053764)
UTRECHT
Subsidiary
■ Douwe Egberts Coffee
Systems Netherlands B.V. (30035437)
UTRECHT
Subsidiary
■
Douwe Egberts Netherlands B.V. (30042333)
UTRECHT
Subsidiary
■
Douwe Egberts Coffee Systems Global Network
B.V. (30166348)
UTRECHT
Subsidiary
■
I. Tas Ezn. B.V. (01078098)
JOURE
Subsidiary
■ Douwe Egberts Finance B.V.
(30185001)
AMSTERDAM
Subsidiary
■ Sara Lee/de Investments
B.V. (33275458)
AMSTERDAM
Subsidiary o DEMB Holding B.V.
(30003760)
AMSTERDAM
Several liability relation
■
Defacto B.V. (30055826)
AMSTERDAM
Subsidiary
o Sara Lee International B.V. (30178468)
AMSTERDAM
Several liability relation o Sara Lee/DE Global Finance
B.V. (52863859)
AMSTERDAM
Several liability relation o DE US, Inc. (56278934)
AMSTERDAM
Several liability relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.87 |
|
|
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.