MIRA INFORM REPORT
|
Report Date : |
20.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
UCC COFFEE BENELUX B.V. |
|
|
|
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Registered Office : |
Zuid
Willemsvaart 217, 5211SH 's-Hertogenbosch |
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|
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Country : |
Netherland |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
19.12.2007 |
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Com. Reg. No.: |
KvK-nummer: 34289144 |
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Legal Form : |
Besloten Vennootschap |
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Line of Business : |
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No of Employees : |
103 |
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 |
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|
|
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Payment Behaviour : |
Slow But Correct |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
Summary
|
Company name |
UCC Coffee Benelux B.V. |
|
Operative
address |
Zuid Willemsvaart 217 5211SH 's-Hertogenbosch Netherlands |
|
Legal form |
Besloten Vennootschap |
|
Registration
number |
KvK-nummer: 34289144 |
|
VAT-number |
818799705 |
|
Year |
2012 |
Mutation |
Mutation |
|
Fixed
assets |
320.974.817 |
|
|
|
Total
equity |
222.197.327 |
|
|
|
Short
term liabilities |
5.013.624 |
|
|
|
|
|
|
|
|
Net
result |
-2.830.928 |
|
|
|
|
|
|
|
|
Working
capital |
-5.013.624 |
|
|
Contact
information
|
Company name |
UCC Coffee Benelux B.V. |
|
Trade names |
UCC Coffee Benelux B.V. |
|
UCC Coffee Benelux |
|
|
UCC Coffee Export |
|
|
Koffiebranderij en Theehandel "Drie
Mollen sinds 1818" |
|
|
Drie Mollen Export |
|
|
Drie Mollen Services |
|
|
Drie Mollen Holding |
|
|
Drie Mollen International |
|
|
United Coffee |
|
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Verenigde Koffiebranderijen VEKA |
|
|
Favor |
|
|
Smit & Dorlas Espresso Groep |
|
|
Smit & Dorlas Koffiebranders |
|
|
Legends of tea |
|
|
Smit Koffie |
|
|
Carolus Vastgoed Amersfoort |
|
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Espresso Holland |
|
|
Agem Koffie & Thee |
|
|
Otter Koffie- en Theehandel |
|
|
Musetti Holdings |
|
|
Cafe2008 Holdings |
|
|
Operative
address |
Zuid Willemsvaart 217 |
|
5211SH 's-Hertogenbosch |
|
|
Netherlands |
|
|
Correspondence
address |
Postbus 950 |
|
5201AZ 's-Hertogenbosch |
|
|
Netherlands |
|
|
Telephone number |
0736871411 |
|
Fax number |
0736128740 |
Registration
|
Registration
number |
KvK-nummer: 34289144 |
|
Registered in |
Kamer van Koophandel Brabant |
|
Branch number |
000019497334 |
|
VAT-number |
818799705 |
|
Status |
Active |
|
First
registration company register |
2007-12-19 |
|
Memorandum |
2007-12-19 |
|
Establishment
date |
2007-12-19 |
|
Legal form |
Besloten Vennootschap |
|
Last proposed
admendment |
2013-10-11 |
Activities
|
SBI |
Processing of tea and coffee (1083) |
|
Wholesale of coffee, tea, cocoa and spices
(no raw) (4637) |
|
|
Financial holdings (642) |
|
|
Financial holdings (6420) |
|
|
Holdings (none financiele) (70102) |
|
|
Exporter |
Yes |
|
Importer |
Yes |
|
Goal |
De handel in ruwe en bewerkte koffie, thee, tabak, voorts de handel in
wijn, het branden van koffie, het bereiden van handelswaren, de vervaardiging
van producten met tabak, de handel in kantinebenodigdheden, zoals
koffiezetapparatuur, porselein, glazen voorwerpen, aardewerk. Het deelnemen in, financieren van, het samenwerken met, het
besturen van vennootschappen en andere ondernemingen. Het verkrijgen,
exploiteren en vervreemden van industriele en intellectuele eigendomsrechten,
alsmede registergoederen. |
Relations
|
Shareholders |
UCC Europe Finance
Limited |
|
United Kingdom |
|
|
Percentage: 100.00% |
|
|
Shareholders |
Name: UCC Europe Finance LIMITED |
|
Office address: One Silk Street, Londen,
EC2Y 8 HQ, United Kingdom |
|
|
Registered in: Companies Registration Office
Cardiff, United Kingdom with registration |
|
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number 7704999 |
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Only shareholder since: 12-01-2012 (date
Registration type: 13-01-2012) |
|
|
Companies on
same address |
Stichting
Uittreden Koffiebranderij en Theehandel Drie Mollen sinds |
|
1818 B.V. |
|
|
Registration number: 410840430000 |
|
|
Cooperatieve
Coffee2008 U.A. |
|
|
Registration number: 172380030000 |
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|
Liability
statements |
UCC Europe
Finance Limited |
|
5th Floor 6 St Andrew Street London |
|
|
EC4A 3AE London |
|
|
United Kingdom |
Management
|
Active
management |
W.G.A. de Laat
(Willibrordus Gerardus Antonius) |
|
Netherlands |
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Competence: Jointly authorized |
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Function: Manager |
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Starting date: 2013-05-06 |
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Date of birth: 1958-01-23, Vught, NL |
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Involved with the following companies |
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• Smit & Dorlas Koffiebranders B.V. |
|
|
Nijverheidsweg 1 |
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|
3641RP Mijdrecht |
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|
Netherlands |
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Registration number: 332396070000 |
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Function: Manager |
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|
• Smit & Dorlas Koffiebranders B.V. |
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|
Nijverheidsweg 1 |
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|
3641RP MIJDRECHT |
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|
Netherlands |
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Registration number: 310221240000 |
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Function: General Director |
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S. Ueshima
(Seisuke) |
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Netherlands |
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Competence: Fully authorized |
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Function: Manager |
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Starting date: 2012-05-18 |
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Date of birth: 1973-11-21, Ashiya-city, JP |
Employees
|
Year |
2013 |
2011 |
2010 |
2009 |
|
Total |
103 |
980 |
1 |
1 |
Payments
|
Score |
7,75 |
|
Description |
Payments made under regular condition |
Key
figures
|
Year |
2012 |
|
Working capital/ balance
total |
-0,02 |
|
Equity / balance total |
0,69 |
|
Equity / Fixed assets |
0,69 |
|
Working capital |
-5.013.624 |
|
Equity |
222.197.327 |
|
Return on total assets (ROA) |
-0,88 |
|
Return on equity (ROE) |
-1,27 |
|
Net result after taxes |
-2.830.928 |
|
|
|
|
Summary |
The 2012 financial result structure is a negative working captial of
-5.013.624 euro, which is in agreement with -2 % of the total assets of the
company. |
Financial
statement
|
Type of annual
account |
Corporate |
|
Annual account |
UCC Europe
Finance Limited |
|
5th Floor 6 St Andrew Street London |
|
|
EC4A 3AE London |
|
|
United Kingdom |
Balance
|
Year End
date |
2012 2012-12-31 |
|
Other
fixed assets |
320.974.817 |
|
Fixed
assets |
320.974.817 |
|
|
|
|
Total
assets |
320.974.817 |
|
|
|
|
Total
equity |
222.197.327 |
|
Long
term liabilities |
93.762.670 |
|
Other
short term liabilities |
5.013.624 |
|
Short
term liabilities |
5.013.624 |
|
Total
liabilities |
320.973.621 |
|
Summary |
In 2012 the assets of the company were 100 % composed of fixed assets
and 0 % by current assets. The assets are being financed by an equity of
69.23 %, and total debt of 30.77 %. |
Profit
and loss
|
Year |
2012 |
|
Financial expenses |
2.830.928 |
|
Financial result |
-2.830.928 |
|
Result on
ordinary operations before taxes |
-2.830.928 |
|
Net result |
-2.830.928 |
|
Summary |
The company's Financial Profitability has been neutrally affected by
the financial activities in comparison to the EBITs behaviour. The result of
these variations is the unchanged profitability of the analysed period, remaining
unchanged at -1.27 % in the year 2012. |
Analysis
|
Branch (SBI) |
Financiele instellingen (none Insurance en Guest-house funding) (64) |
|
|
Region |
Midden-Brabant |
|
|
In the Netherlands 361843 of the companies are registered with the SBI
code 64 |
||
|
In the region Midden-Brabant 15144 of the companies are registered
with the SBI code 64 |
||
|
In the Netherlands 2471 of the bankrupcties are published within this
sector |
||
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In the region Midden-Brabant 187 of the bankruptcies are published
within this sector |
||
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The risk of this specific sector in the Netherlands is Low |
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The risk of this specific sector in the region Midden-Brabant is Low |
||
PUBLICATIONS
|
Consent
statements |
03-05-2013: Voor boekjaar 2012 is een
instemmingsverklaring gedeponeerd. |
|
Liability
statements |
09- 01-2013: Per 03-01-2013 is een
aansprakelijkheidsverklaring door gedeponeerd. |
|
Filings |
03-04-2012: De jaarrekening over 2011 is
gepubliceerd. |
|
29-04-2011: De jaarrekening over 2010 is
gepubliceerd. |
|
|
10- 05-2010: De jaarrekening over 2009 is
gepubliceerd. |
|
|
15-07-2009: De jaarrekening over 2008 is
gepubliceerd. |
|
|
Functions |
29-05-2013: Per 06-05-2013 is bestuurder
Willibrordus Gerardus Antonius de Laat in functie getreden. |
|
29- 05-2013: Per 29-04-2013 is bestuurder
Heleen Cristiena van Benthem uit functie getreden. |
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|
30- 05-2012: Per 18-05-2012 is bestuurder Seisuke
Ueshima in functie getreden. |
|
|
21-05-2012: Per 18-05-2012 is bestuurder
Christopher John Campbell uit functie getreden. |
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24-02-2012: Per 21-02-2012 is bestuurder
Heleen Cristiena van Benthem in functie getreden. |
|
|
24-02-2012: Per 21-02-2012 is bestuurder
Per Harkjaer uit functie getreden.A340 |
|
|
06-01-2012: Per 18-08-2011 is bestuurder
Randl Louis Shure uit functie getreden. |
|
|
15-04-2010: Per 12-04-2010 is bestuurder
Klaus Werner uit functie getreden. |
|
|
15-04-2010: Per 12-04-2010 is bestuurder
Per Harkjaer in functie getreden. |
|
|
Mergers |
14- 10-2013: Op 10-10-2013 fusieakte
verleden. Verkrijgende rechtspersoon: UCC Coffee |
|
Benelux B.V., 34289144 Verdwijnende rechtspersoon:
Drie Mollen International B.V., 30160753. |
|
|
15- 08-2013: Op 13-08-2013 fusievoorstel
gedeponeerd. Verkrijgende rechtspersoon: |
|
|
Cafe2008 Holdings B.V., 34289144
Verdwijnende rechtspersoon: Drie Mollen International B.V., 30160753. |
|
|
02-04-2012: Op 29-03-2012 fusieakte
verleden. Verkrijgende rechtspersoon: Cafe2008 |
|
|
Holdings B.V., 34289144 Verdwijnende
rechtspersoon: Cafe2008 Investment B.V., 34289146. |
|
|
24-02-2012: Op 23-02-2012 fusievoorstel
gedeponeerd. Verkrijgende rechtspersoon: |
|
|
Cafe2008 Holdings B.V., 34289144
Verdwijnende rechtspersoon: Cafe2008 Investment B.V., 34289146. |
|
|
Amendments |
14-10-2013: Per 10-10-2013 statuten
gewijzigd. Per 11-10-2013 naam gewijzigd in: UCC |
|
Coffee Benelux B.V.. |
Company
structure
|
Relations
2 |
|
UCC Europe
Finance Limited |
|
United Kingdom |
|
• UCC
Coffee Benelux B.V. |
|
Zuid Willemsvaart 217 |
|
5211SH 's-Hertogenbosch |
|
Netherlands |
|
Registration number: 342891440000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. |
|
|
1 |
Rs. |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.