MIRA INFORM REPORT

Report No. :	302103
Report Date :	06.01.2015

IDENTIFICATION DETAILS

Name :	TROUW NUTRITION HIFEED B.V.

Registered Office :	Veerstraat 38 5831JN Boxmeer

Country :	Netherlands

Financials (as on) :	31.12.2013

Date of Incorporation :	01.01.1990

Com. Reg. No.:	38021507

Legal Form :	Private Company

Line of Business :	Wholesale of mixed and concentrate feeds

No. of Employees :	19

RATING & COMMENTS

MIRA’s Rating :

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Netherlands

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

NETHERLANDS - ECONOMIC OVERVIEW

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and 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. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US 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. 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. To recover, the government 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 austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract

Source : CIA

Company name and address

Company TROUW NUTRITION HIFEED B.V.

Address Veerstraat 38

5831JN Boxmeer

Netherlands

Legal form Private Company

Registration number KvK-nummer: 38021507

VAT-number 007436944

Year	2013		Mutation	2012		Mutation	2011
Fixed assets	1.013.100.000		-11,43	1.143.900.000		9,53	1.044.400.000
Total receivables	1.178.100.000		13,19	1.040.800.000		0,91	1.031.400.000

Total equity	942.200.000	%	-3,07	972.000.000		11,15	874.500.000
Short term liabilities	1.222.200.000	%	-7,04	1.314.800.000		5,10	1.251.000.000

Net result	150.801.000	%	-15,09	177.600.000	t	35,36	131.201.000

Working capital	388.900.000		8,30	359.100.000	t	41,38	254.000.000
Quick ratio	1,08		9,09	0,99		2,06	0,97

Contact information

Company name TROUW NUTRITION HIFEED B.V.

Trade names TROUW NUTRITION HIFEED B.V.

Hendrix

Selko

Milkivit

Nutreco

Operative address Veerstraat 38

5831JN Boxmeer

Netherlands

Correspondence address Postbus 234

5830AE Boxmeer

Netherlands

Telephone number 0485589988

Fax number 0485575567

Email address tnhifeed@nutreco.com

Website www.trouwnutrition.net

Registration

Registration number KvK-nummer: 38021507

Branch number 000018758452

VAT-number 007436944

Status Active

First registration company register 1990-02-23

Memorandum 1990-02-22

Establishment date 1990-01-01

Legal form Private Company

Last proposed admendment 2003-10-31

Issued placed capital EUR 18.000

Paid up share capital EUR 18.000

Activities

SBI Wholesale of mixed and concentrate feeds (46214)

Exporter No

Importer No

Goal Handel in, alsmede import en export van met name veevoeders, concentraten, premixen en

grondstoffen en alle andere goederen. Het verlenen van diensten, inclusief overdracht van

kennis, op agrarisch gebied aan anderen

Relations

Shareholders Nutreco Nederland B.V.

Veerstraat 38

5831JN Boxmeer

Netherlands

Registration number: 160587210000

Percentage: 100%

Companies on same address Amount: 16

Liability statements Nutreco N.V.

Veerstraat 38

5831JN Boxmeer

Netherlands

Registration number: 160743050000

date of issue: 1999-06-23

Starting date: 1999-06-23

Bank details

Accounts ABN Amro Bank NV

Account number: 44.53.71.196

Management

Active management

R. Kiers (Rob)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2011-05-01

Date of birth: 1980-09-23, Coevorden, NL

H. de Wildt (Harm)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2011-05-01

Date of birth: 1962-10-23, Velsen, NL

O.A. Seijler (Otto-Jan Alphons)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2014-01-01

Date of birth: 1965-07-11, Aruba, AN

Involved with the following companies

• Nutreco Nederland B.V.

Veerstraat 38

5831JN Boxmeer

Netherlands

Registration number: 160587210000

Function: Manager

A. Keesman (Aafje)

Netherlands