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Med Green Import B.V.

presented by October Netherlands

€350,000

5.4%

36 months

B

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location

Location

Bleiswijk, Netherlands

activity

Activity

Commerce

Presentation of the company

Created in 2016, Med Green Import B. V. is active in the wholesale sector. The company, managed by Iliass el Mrini, has 6 employees and is based in Bleiswijk.

Mr. Iliass el Mrini, managing director, has overall 10 years of professional experience in the sector. Rachid el Mrini, shareholder and the father of Iliass el Mrini has over 20 years of experience in the sector. Both shareholders have gained experience at Walderveen, a Dutch import company of fruits and vegetables.

The company’s main activity is:

  • wholesale of fruit and vegetables.

The company works with larger wholesalers and supermarkets all over Europe.

The company has a strong focus on citrus fruit from Marocco and Spain. Med Green purchases the fruit directly from the growers and handles strong quality requirements. Because of the direct link with the growers, the company is able to provide these parties relatively good prices and build sustainable relations.

Project Description

The company requests 350. 000 € to finance the growth in import from South Africa and Argentina. In order to deliver high quality citrus fruits throughout the year, the company wants to enter more partnership in these countries. In addition, the loan is used for the professionalisation of the logistics process. This project will be realised in the next few months.

As part of their future investment plan, the borrower may come back to the October platform within the coming quarter, up to a maximum exposure of 540000 €. Our analysis takes this into account; the rating of the borrower would not be affected, while the FCCR would become 1,1.

The amount offered on the platform is limited to 171500€, which is in line with the regulatory limits.