MIRA INFORM REPORT

 

 

Report Date :

19.03.2013

 

IDENTIFICATION DETAILS

 

Name :

KOFFIEBRANDERIJ EN THEEHANDEL DRIE MOLLEN SINCE 1818 B.V.

 

 

Registered Office :

Zuid Willemsvaart 217 5211SH 's-Hertogenbosch

 

 

Country :

Netherlands

 

 

Date of Incorporation :

27.12.1934

 

 

Com. Reg. No.:

16054000

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of food products and beverages 

Processing of tea and coffee

 

 

No. of Employees :

55

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

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

(31.03.2012)

Current Rating

(30.06.2012)

Netherlands

A2

A2

 

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


 

CONTACTINFORMATION   

 

Company name

Koffiebranderij en Theehandel "Drie Mollen since 1818" B.V.

Tradename

Koffiebranderij en Theehandel "Drie Mollen since 1818" B.V. United Coffee

Address

Zuid Willemsvaart 217 5211SH 's-Hertogenbosch Netherlands

Mail address

Postbus 285

5201AG 's-Hertogenbosch Netherlands

Telephone number

0736871411

Telefax number

0736123325

E-mail address

info@unitedcoffee.nl

Website

www.unitedcoffee.nl 

VAT number / RSIN

006075095

Branch(es)

Koffiebranderij en Theehandel "Drie Mollen since 1818" B.V. (16054000.0001) Koopman Heeresweg 3 8701PR BOLSWARD

 

 

Press report

Date: 23-04-2012

 

Source:

 

Press report: UCC Activities of holding companies Co Ltd. (UCC), Japan's leading

 

coffee company, has today announced that it has signed a definitive agreement to

 

acquire United Coffee, Europe's leading independent coffee group, from the private equity fund, CapVest Equity Partners.

 

 

Company information

 

Handelsregisternumber

16054000

Registered in

Chamber of commerce Brabant

Act of foundation

27-12-1934

Date of constitution

17-06-1818

Continuation date

27-12-1934

Last change in statutes

10-01-2012

Legal form

Besloten Vennootschap

(Limited Company)

Place of constitution

's-Hertogenbosch

Issued capital

45.400

Paid up capital

45.400

 


 

NACE-code

MANUFACTURE OF FOOD PRODUCTS AND BEVERAGES (15)

Processing of tea and coffee (1586)

SBI-code

AGRICULTURE (01)

Processing of tea and coffee (1083)

Wholesale of coffee, tea, cocoa and spices (no raw) (4637)

Formal objective

Branden van koffie en pinda's, handel in en verpakking van koffie, thee, cacao en pinda's, alsmede het deelnemen in, financieel belang nemen bij, het management, beheer en administration voeren over en het samenwerken met andere companies en vennootschappen

 

Employees

Total: 55

Employees according to CoC

Chamber of commerce: 55

 

 

COMPANY STRUCTURE

 

Shareholder

Drie Mollen Holding B.V.

 

Zuid Willemsvaart 217

 

5211SH 'S-HERTOGENBOSCH

 

Netherlands

 

KvK:16024002

 

Percentage: 100.00%

 

 

Shareholder

United Coffee

 

Avenue Louis-CasaT 58

 

1216 Geneva

 

Switzerland

 

T: +41 (22) 716 95 95

 

E: info@unitedcoffee.com

 

 

Ultimate parent company

Drie Mollen International B.V.

 

Zuid Willemsvaart 217

 

5211SH 'S-HERTOGENBOSCH

 

KvK: 30160753

 

 

Holding company

Drie Mollen Holding B.V.

 

Zuid Willemsvaart 217

 

5211SH 'S-HERTOGENBOSCH

 

KvK:16024002

 

 

Affiliated companies

Drie Mollen Services B.V.

 

Zuid Willemsvaart 217

5211SH 'S-HERTOGENBOSCH

KvK: 16069771

 

Agem Koffie & Thee B.V.

Zuid Willemsvaart 217

5211SH 'S-HERTOGENBOSCH

KvK: 17085228


Smit & Dorlas Espresso Groep B.V.

Nijverheidsweg 1

3641RP MIJDRECHT

KvK: 33239607

 

B.V. Verenigde Koffiebranderijen VEKA

Zuid Willemsvaart 217

5211SH 'S-HERTOGENBOSCH

KvK: 16086737

 

Drie Mollen Export B.V.

Zuid Willemsvaart 217

5211SH 'S-HERTOGENBOSCH

KvK: 38017849

 

Liability declaration                    Cafe2008 Activities of holding companies B.V. (34289144)

Zuid Willemsvaart 217

5211SH 'S-HERTOGENBOSCH

 

Bank                                         F. van Lanschot Bankiers NV

ING Bank NV

 

 

MANAGEMENT

 

Management

H.C. van Benthem

 

Heleen Cristiena

 

Authorization: Fully authorized

 

Position: Manager

 

Date appointed: 01-03-2010

 

Date of birth: 03-08-1963

 

 

 

PAYMENT INFORMATION   

 

 

Payment experiences

Payments are regular, no complaints are known

 

 

Financial Information

 

Auditor                          KPMG

 

Annual Accounts           There is no financial information Published 

Tendency                      Constant

Profitability                    not to be judged

Solvency                       not to be judged

Liquidity                        sufficient                      

Currency                       Euro

 

History

 

Liability statements

Per 03-01-2013 filed a withdrawal of declaration of liability.

Per 03-01-2013 filed a declaration of liability.

Per 03-01-2013 filed a withdrawal of declaration of liability.

Per 22-07-2009 filed a withdrawal of declaration of liability by Drie Mollen International B.V..

Per 13-07-2009 filed a declaration of liability by Cafe2008 Activities of holding companies B.V..

 

 

Consent statements

Over bookyear 2009 a consent agreement is filed

Over bookyear 2010 a consent agreement is filed

Over bookyear 2011 a consent agreement is filed Over bookyear 2010 a consent agreement is filed Over bookyear 2009 a consent agreement is filed

 

 

Management

Per 20-09-2011 is Commissaris Herman Coenraad Scheffer out of office.

Per 01 -01 -2011 manager Klaus Werner out of office.

Per 30-11-2010 is Commissaris Lucas Franciscus Maria Dahlhaus out of office.

 Per 01-03-2010 manager Heleen Cristiena van Benthem appointed.

 

 

Modifications

Issued capital changed to EUR 45.400,00 Paid up capital changed to EUR 45.400,00. Per 10-1-2012 statutes modified.

 

 

Company structure

 

Drie Mollen International B.V. (30160753)

'S-HERTOGENBOSCH

 

Drie Mollen Holding B.V. (16024002)

'S-HERTOGENBOSCH Subsidiary (100%)

 

Koffiebranderij en Theehandel "Drie Mollen since 1818" B.V. (16054000)

's-Hertogenbosch

Subsidiary

 

Drie Mollen Services B.V. (16069771)

'S-HERTOGENBOSCH

Subsidiary

 

Agem Koffie & Thee B.V. (17085228)

'S-HERTOGENBOSCH

Subsidiary (100%)

 

Smit & Dorlas Espresso Groep B.V. (33239607)

MIJDRECHT

Subsidiary


Smit & Dorlas Koffiebranders B.V. (31022124)

MIJDRECHT

Subsidiary (100%)

 

Carolus Real estate Amersfoort B.V. (31034231)

MIJDRECHT

Subsidiary (100%)

 

Smit Koffie B.V. (34078687)

MIJDRECHT

Subsidiary (100%)

 

Espresso Holland B.V. (34093749)

MIJDRECHT

Subsidiary (100%)

 

B.V. Verenigde Koffiebranderijen VEKA (16086737)

'S-HERTOGENBOSCH

Management relation

 

Drie Mollen Export B.V. (38017849)

'S-HERTOGENBOSCH

Management relation

 

Otter Koffie- en Theehandel B.V. (30068603)

'S-HERTOGENBOSCH

Management relation


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.81.93

Euro

1

Rs.70.01

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.