MIRA INFORM REPORT

Report Date :

18.10.2013

IDENTIFICATION DETAILS

Name :	DOHLER HOLLAND B.V.
Registered Office :	Albusstraat 5, Oosterhout Nb, 4903 RG
Country :	Netherlands
Date of Incorporation :	23.07.2013
Com. Reg. No.:	20033050
Legal Form :	Private Subsidiary Company
Line of Business :	· Subject is in preserving of fruit, nuts, or vegetables: freezing, drying, immersing in oil or in vinegar, canning Manufacturer of fruit or vegetable food products manufacturer of jams, marmalades, and table jellies.
No. of Employees :	235

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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 sixth-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 in 2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget deficit deteriorated. Although jobless claims continued to grow, the unemployment rate remained relatively low at 6.8 percent.

Source : CIA

Company name & address

DOhler Holland B.V.

Albusstraat 5

Oosterhout Nb, 4903 RG

Netherlands

Tel: +31 0162-479500

Web: www.doehler.com

Synthesis

Employees: 235

Company Type: Private Subsidiary

Corporate Family: 8 Companies

Ultimate Parent: DÖHLER GmbH

Incorporation Date: 23-Jul-2013

Reporting Currency: NA

Annual Sales: NA

Total Assets: NA

Business Description

Dohler Holland B.V. is primarily engaged in preserving of fruit, nuts, or vegetables: freezing, drying, immersing in oil or in vinegar, canning; manufacture of fruit or vegetable food products; manufacture of jams, marmalades, and table jellies.

Industry

Industry Food Manufacturing

ANZSIC 2006: 1140 - Fruit and Vegetable Processing

ISIC Rev 4: 1030 - Processing and preserving of fruit and vegetables

NACE Rev 2: 1039 - Other processing and preserving of fruit and vegetables

NAICS 2012: 3114 - Fruit and Vegetable Preserving and Specialty Food Manufacturing

UK SIC 2007: 1039 - Other processing and preserving of fruit and vegetables

US SIC 1987: 2034 - Dried and Dehydrated Fruits, Vegetables, and Soup Mixes

Key Executives

Name	Title
Werner Ludwig	Managing director
Jacob Van Dalen	Managing director
A. Van Boekel	Sales manager
S. Van Pijkeren	Personnel manager
Robert Beerens	Member of the board

1 - Profit & Loss Item Exchange Rate: USD 1 =

2 - Balance Sheet Item Exchange Rate: USD 1 =

Corporate Overview

Location

Albusstraat 5

Oosterhout Nb, 4903 RG

Netherlands

Tel: +31 0162-479500

Web: www.doehler.com

Sales (mil): NA

Assets (mil): NA

Employees: 235

Industry: Food Processing

Incorporation Date: 23-Jul-2013

Company Type: Private Subsidiary

Quoted Status: Not Quoted

Registered No.(NLD): 20033050

Managing director: Werner Ludwig

Industry Codes

ANZSIC 2006 Codes:

1140 - Fruit and Vegetable Processing

ISIC Rev 4 Codes:

1030 - Processing and preserving of fruit and vegetables

NACE Rev 2 Codes:

1039 - Other processing and preserving of fruit and vegetables

NAICS 2012 Codes:

3114 - Fruit and Vegetable Preserving and Specialty Food Manufacturing

US SIC 1987:

2034 - Dried and Dehydrated Fruits, Vegetables, and Soup Mixes

UK SIC 2007:

1039 - Other processing and preserving of fruit and vegetables

Business Description

Dohler Holland B.V. is primarily engaged in preserving of fruit, nuts, or vegetables: freezing, drying, immersing in oil or in vinegar, canning; manufacture of fruit or vegetable food products; manufacture of jams, marmalades, and table jellies.

More Business Descriptions

Soft Drink and Ice Manufacturing

Key Corporate Relationships

Bank: ABN AMRO Bank NV, Banque Artesia Nederland NV, ING Bank NV

Corporate Family	Corporate Structure News:
	DOHLER GmbH DOhler Holland B.V.
Dohler Holland B.V. Total Corporate Family Members: 8

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
DÖHLER GmbH	Parent	Darmstadt, Hessen	Germany	Beverage Manufacturing	444.1	1,025
DOhler Neuenkirchen GmbH	Subsidiary	Neuenkirchen, Niedersachsen	Germany	Basic Chemical Manufacturing	273.0	197
Dohler Hungaria Elelmiszeripari, Kereskedelmi Es Szolgaltato Korlatolt Felelossegu Tarsasa	Subsidiary	Kerepes	Hungary	Grocery Wholesale	4.6	6
DOhler Financial Services Gmbh	Subsidiary	Darmstadt, Hessen	Germany	Consulting Services	0.3	2
Continental Fruit B.V.	Subsidiary	Oosterhout Nb, Noord-Brabant	Netherlands	Banking	455.8
DOhler Holland B.V.	Subsidiary	Oosterhout Nb, Noord-Brabant	Netherlands	Food Manufacturing		235
Doehler Roggel B.V.	Subsidiary	Roggel, Limburg	Netherlands	Grocery Wholesale	43.9
Deler Nf I B Ooo	Subsidiary	Lobnya	Russian Federation	Beverage Manufacturing	51.8

Executive report

Board of Directors

Name	Title	Function
Robert Beerens	Member of the board	Director/Board Member
Edgar Biemans	Member of the board	Director/Board Member
Cornelis Cools	Member of the board	Director/Board Member
Claudia De Rooij	Member of the board	Director/Board Member
Stefan Engelen	Member of the board	Director/Board Member
Thomas Hipp	Member of the board	Director/Board Member
Andreas Klein	Member of the board	Director/Board Member
Johannes Krijnen	Member of the board	Director/Board Member
Hans Ligtvoet	Member of the board	Director/Board Member
Franciscus Loeffen	Member of the board	Director/Board Member
Eric Quist	Member of the board	Director/Board Member
Antonius Sips	Member of the board	Director/Board Member
Wilhelmus Van Beek	Member of the board	Director/Board Member
Angela Van Den Biggelaar	Member of the board	Director/Board Member

E
xecutives

Name	Title	Function
Werner Ludwig	Managing director	Managing Director
Jacob Van Dalen	Managing director	Managing Director
S. Van Pijkeren	Personnel manager	Human Resources Executive
A. Van Boekel	Sales manager	Sales Executive

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.58
UK Pound	1	Rs.98.51
Euro	1	Rs.83.49

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%)

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