MIRA
INFORM REPORT
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Report Date : |
23rd
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
CARGILL, INCORPORATED |
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Registered Office : |
15407
McGinty Road West, MS 126 Wayzata,
Minnesota 55391, United States |
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Country : |
United States |
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Financials (as on) : |
31/12/2005 |
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Date of Incorporation : |
18/07/1930 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged in trading of grain, cotton, sugar, and
petroleum; financial trading; food processing; futures brokering; and feed
and fertilizer production |
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name: CARGILL, INCORPORATED
Address: 15407
McGinty Road West, MS 126
City: Wayzata
State/Province: MINNESOTA
Zip
Code: 55391
Country: UNITED
STATES
Telephone: 952
742-7575
Facsimile: 952
742-6969
Legal
Form: Corporation - Private
Website: www.cargill.com
@rating
Opinion:
As
of: 31/12/2005
Sales
/ Revenue: 71,066
Net
Income: 2,103
Total
Equity: 12,252
Number
of Employees: 124,000
Business
Activity:
Cargill's
diversified operations include grain, cotton, sugar, and petroleum trading;
financial trading; food processing; futures brokering; and feed and fertilizer
production.
NOTE TO CLIENT
NOTE:
REGARDING A REQUEST FOR CARGILL FERROUS INTERNATIONAL LOCATED AT
12700
WHITEWATER DRIVE IN MENNETONKA, MN 55343. THAT IS A DIVISION OF
CARGILL,
INCORPORATED.
The
Company was contacted on June 22, 2006. Ms. Rani Misra, in the Treasury
department, confirmed the information in this report.
CREDIT
RATING:
RATING
CODE: 3
RATING
VALUE: MEDIUM RISK
LEGAL
Legal
Form: Corporation - Private
Since
(D/M/Y): 18/07/1930
State/Province
of Incorporation: DE
Status:
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report. The Company is
incorporated in the State of Delaware:
File
Number: 0286124
Incorporation
Date / Formation Date: 07/18/1930
Entity
Name: CARGILL, INCORPORATED
Entity
Kind: CORPORATION Entity Type: GENERAL
Residency:
DOMESTIC State: DE
REGISTERED
AGENT INFORMATION
Name:
THE CORPORATION TRUST COMPANY
Address:
CORPORATION TRUST CENTER 1209 ORANGE STREET
City:
WILMINGTON County: NEW CASTLE
State:
DE Postal Code: 19801
The
Company is qualified in the State of Minnesota:
Filing
Number: 7673
Entity
Type: Foreign Corporation
Original
Date of Filing: 11/23/1936
Entity
Status: Active
Name: Cargill, Incorporated
Address: 15615 McGinty Rd W
Wayzata,
MN, 55391
Home
State: DE
Managers/Key Personnel
Mr.
Warren R. Staley Chairman & Chief Executive Officer
Mr.
Robert L. Lumpkins Vice Chairman
Mr.
Gregory R. Page President & Chief Operating Officer
AFFILIATED ENTITIES
There
are over 300 subsidiaries worldwide and over 30 divisions throughout the United
States.
Main
Subsidiaries:
Banks
Cargill Agriculture Ltd.
Cargill
Meat Solutions, Inc.
Advance
Brands, LLC
Taylor
Packing Co., Inc.
Horizon
Milling, LLC
The
Mosaic Company
BANKS
Deutsche
Bank AG
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
We
could not confirm this as being the company's primary bank.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 05-11 00-00 VARIED 0
0 0 0
0 0 0
ADVERTISNG 06-01 05-09 UNK 700
700 0 0
0 0 100 CUST 2 YR
AGRI SUPPL 05-12 00-00 VARIED 5800
0 0 0
0 0 0 CUST 5 YR
AIR TRANS 05-12 05-12 NET 30
18600 18600 91
9 0 0 0
AIR TRANS 05-12 00-00 NET 30
21100 21100 73
10 0 17 0 CUST 25 YR
APPAREL 05-12 05-10 VARIED
18700 3300 95
5 0 0 0
BLDG MATRL 05-11 00-00 NET 30 2400
500 19 81 0 0
0
BOTL SUPLR 05-12 00-00 NET 30 0
0 0 0
0 0 0
BUS SERVCS 05-12 05-12 NET 30 0
0 0 0
0 0 0
CELLUL/PAG 06-01 00-00 NET 30 100
0 0 0
0 0 0
CERAMICS 06-01 00-00 NET 30
0 0 0
0 0 0 0 CUST
5 YR
CHEMICALS 06-01 05-12 NET 30
4700 2100 100 0
0 0 0
COMPUTERS 06-01 05-12 UNK
85000 800 0
11 55 18 16
DAIRY PROD 05-12 00-00 VARIED 3500
300 100 0 0
0 0
DISTRIBUTR 05-12 00-00 NET30 800
0 0 0
0 0 0
DP EQUIP 05-11 03-05 NET 30
400 0 0
0 0 0 0
ELEC DISTR 05-12 00-00 NET 25 1600
300 100 0 0
0 0
ELEC DISTR 05-12 00-00 VARIED 0
0 0 0
0 0 0 CUST 12 YR
ELEC DISTR 05-11 00-00 NET 30 0
0 0 0
0 0 0 PROMPT
ELEC SUPLR 06-01 00-00 1/10PRX 0 0 0 0 0 0 0
FACTOR 06-01 05-12 NET 30
14700 14700 66
34 0 0 0 CUST
6 YR
FACTOR 06-01 05-01 NET 30
100 0 0
0 0 0 0
FINCL SVCS 06-01 00-00 VARIED 0
0 0 0
0 0 0
FINCL SVCS 06-01 05-06 NET 1100 0 0 0
0 0 0 CUST 2 YR
FIREPROTEC 05-11 00-00 NET 30 0
0 0 0
0 0 0
FOOD 06-01 06-01 VARIED
265600 0 0
0 0 0 0 CUST 12 YR
FOOD DISTR 05-11 05-05 NET 30 14400
400 100 0 0
0 0 CUST 2 YR
FREIGHT 06-01 05-10 VARIED
1100 600 0
0 0 17 83
FREIGHT 06-01 05-12 VARIED
7700 5400 21
78 1 0 0
FRGHT FWRD 05-12 00-00 NET 30 12800
2700 96 1 1 0
2
FRGHT FWRD 05-12 05-12 NET 30 4500
0 0 0 0
0 0
FRGHT FWRD 05-10 05-09 VARIED 900
400 48 52 0 0
0
HTNG SUPLR 06-01 05-12 VARIED 1500
700 100 0 0
0 0 CUST 6 YR
HTNG SUPLR 05-12 04-11 COD 0
0 0 0
0 0 0 COD
HOUSEWARES 05-10 00-00 VARIED 0
0 0 0
0 0 0
INDUS SUPL 06-01 00-00 VARIED 900
0 0 0
0 0 0 CUST 6 YR
INDUS SUPL 05-11 00-00 NET 30 300
300 100 0 0
0 0
INDUS SUPL 05-12 05-02 COD 500
0 0 0
0 0 0 CUST 1 YR
INDUS SUPL 06-01 05-06 NET 30 300
0 0 0
0 0 0 CUST 4 YR
JANTR SUPL 06-01 04-09 NET 100
0 0 0
0 0 0 CUST 8 YR
MACH DISTR 06-01 05-12 NET 20 19600
2200 42 51 0 7
0 CUST 94 YR
MANUFCTRNG 05-12 02-02 NET 21 0
0 0 0
0 0 0
MANUFCTRNG 06-01 04-11 NET 30 1200
0 0 0
0 0 0 CUST 7 YR
METL FNSHG 06-01 00-00 NET 30 0
0 0 0
0 0 0
MISC MANUF 06-01 00-00 VARIED 900
0 0 0
0 0 0
MISC MANUF 05-12 05-12 VARIED 11300
11300 100 0 0
0 0
MOTR TRANS 05-12 05-12 VARIED 209000
104800 100 0 0
0 0
OFFC SUPPL 05-12 05-12 VARIED 8300
4800 60 30
10 0 0 CUST 9 YR
OFFC SUPPL 05-10 05-10 NET 30 300
100 100 0 0
0 0 CUST 7 YR
OFFC SUPPL 05-12 00-02 CREDIT 2500
0 0 0
0 0 0
OFFC SUPPL 05-11 00-00 NET 30 1000
300 100 0 0
0 0
OIL REFNG 05-12 00-00 UNK
1665600 14700 50
38 12 0 0
PACKAGING 06-01 00-00 NET 30
500 100 100 0
0 0 0 CUST 10 YR
PAINTS 06-01 04-01 VARIED
600 600 0
0 0 0 100 WRITE-OFF
PETROLEUM 06-01 00-00 SPECIAL 2498900
0 0 0
0 0 0
PETROLEUM 06-01 05-01 VARIED
5800 0 0
0 0 0 0 CUST 35 YR
PETROLEUM 06-01 04-06 COD 0 0 0 0 0
0 0
PLBG& HTNG 05-12 05-05 2/10N30 0
0 0 0
0 0 0
PLBG SUPLR 05-12 00-00 VARIED 0
0 0 0
0 0 0
PRNTG& PUBL 05-12 00-00 VARIED 0
0 0 0
0 0 0
PRNTG SUPL 06-01 02-10 VARIED 20500
0 0 0
0 0 0 CUST 23 YR
RESTR SUPL 06-01 03-06 VARIED 3400
0 0 0
0 0 0 CUST 16 YR
SAFTY PROD 05-12 00-00 NET 30 1600
1600 100 0 0
0 0 CUST 14 YR
SAFTY PROD 06-01 00-04 NET 30 0
0 0 0
0 0 0 CUST 8 YR
SERVICES 05-12 05-11 NET
4800 0 0
0 0 0 0 CUST 35 YR
SOAP 05-12 00-00 2/10N30 1000
100 0 100 0
0 0
TEMP HELP 06-01 00-00 NET 10
15400 2600 70
30 0 0 0 CUST
1 YR
TELECOM 06-01 00-00 NET 30
800 400 100 0
0 0 0
TELECOM 05-12 05-11 NET 30
100 0 0
0 0 0 0 CUST 2 YR
TELECOM 06-01 00-00 NET 30
0 0 0
0 0 0 0
TRANSPORTN 06-01 00-00 NET 10 0
0 0 0
0 0 0
TRANSPORTN 06-01 00-00 NET 10 0
0 0 0
0 0 0
TRNS EQUIP 06-01 00-00 VARIED 4200
300 58 13
0 0 29 CUST 10 YR
TRUCK DLR 06-01 99-11 NET PRX 3300
0 0 0
0 0 0
TRUCK DLR 06-01 00-00 CONTRCT 3000
100 0 0
0 0 100
UTILITY 05-12 00-00 NET 15
2657500 490400 0
100 0 0 0
ADV NOVLTY 03-08 00-12 VARIED 0
0 0 0
0 0 0 SATSFTRY
AGRI CHEM 04-10 04-10 VARIED
8689100 6266900 77
23 0 0 0
AIR TRANS 03-06 00-00 NET 7 0 0 0 0 0
0 0
AUTO ACCES 03-05 00-00 NET 30 14800
14800 79 9 0 0 12
AVIAT SUPL 05-06 00-00 NET 30 200700
45400 50 50 0 0
0
BEVERAGES 05-03 00-00 NET 30 0 0 0 0 0
0 0
BLDG MATRL 03-06 00-00 VARIED 2600
2600 0 100 0
0 0
BUS SERVCS 04-02 98-02 NET 30 0
0 0 0 0
0 0
COMMUN SVC 04-06 04-02 NET 30 500
0 0 0
0 0 0
COMPUTERS 05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
COMPUTERS 05-08 00-00 SPECIAL 0
0 0 0
0 0 0
COMPUTERS 04-02 00-00 NET 30 0 0 0 0 0
0 0
CONST MACH 05-02 00-00 MULTI 400
100 100 0 0
0 0
CONST MACH 04-06 96-09 VARIED 281100
0 0 0
0 0 0 CUST 20 YR
CRED CARD 05-09 00-00 NET 0 0 0 0 0
0 0
CRED CARD 06-01 05-12 REVOLVE 3500
100 100 0 0
0 0 CUST 41 YR
CRED CARD 06-01 05-12 REVOLVE 13200
1600 100 0 0
0 0 CUST 42 YR
CRED CARD 03-07 00-00 NET 0 0 0 0 0
0 0 CUST 13 YR
CRED CARD 03-04 03-04 N25PRXO 2900
2900 100 0 0
0 0
CRED CARD 05-12 00-00 NET 30 0 0 0 0 0
0 0 CUST 16 YR
DP SUPPLY 03-11 00-00 VARIED 0 0 0 0 0
0 0
ELEC MFG 04-03 04-01 NET 30
4800 1900 81
0 19 0 0
ELEC MFG 03-02 97-11 NET 30
0 0 0
0 0 0 0
ELEC MFG 04-11 00-00 VARIED
45900 45900 83
6 4 0 7 CUST
8 YR
ELEC SUPLR 05-04 00-00 VARIED 3300
500 0 69
0 0 31
FACTOR 04-01 02-10 NET 30
0 0 0
0 0 0 0
FINCL SVCS 03-06 00-00 VARIED 0
0 0 0
0 0 0 CUST 1 YR
FINCL SVCS 04-12 04-08 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
FOOD 03-05 03-04 VARIED
11800 4100 100 0
0 0 0
FOOD 03-05 00-00 NET 30
1255900 1255900 100 0
0 0 0
FOOD 03-09 03-01 NET 30
63100 0 0
0 0 0 0
FREIGHT 04-01 03-11 NET 30
2000 2000 0
100 0 0 0
FRGHT FWRD 03-02 00-00 NET 30 0
0 0
0 0 0 0
FRGHT FWRD 03-06 03-01 CONTRCT 800 800
0 0 0 0 100
GENERAL 03-04 02-12 NET 10
3000 0 0
0 0 0 0 CUST
7 YR
GENERAL 05-02 04-06 NET 30
0 0 0
0 0 0 0 CUST
1 YR
GENERAL 04-02 03-11 OTHER
100000 0 0
0 0 0 0 CUST 10 YR
GROCERY 05-01 00-00 DISCNT
15000 0 0
0 0 0 0 SATSFTRY
INDUS SUPL 04-05 00-00 NET 30 0
0 0 0
0 0 0
JANTR SUPL 04-01 00-00 VARIED 900
300 100 0 0 0
0 CUST 4 YR
LEASING 03-12 03-11 CASH
200 200 0
100 0 0 0
CUST 7 YR
LEASING 04-10 00-00 VARIED
166200 149400 0
100 0 0 0
LEASING 05-12 00-00 CONTRCT 2400
700 100 0 0
0 0
LEASING 06-01 00-00 CONTRCT 3900
1700 100 0 0
0 0 CUST 2 YR
LUMBR& WOOD 04-06 04-03 VARIED 1400
0 0 0
0 0 0
MANUFCTRNG 04-02 00-00 NET 30 0
0 0 0
0 0 0
MANUFCTRNG 03-12 03-11 VARIED 1500
1500 100 0 0
0 0
OFFC EQUIP 05-03 00-00 VARIED 400
0 0 0
0 0 0 CUST 1 YR
OFFC EQUIP 03-04 03-02 NET 30 1900
1900 0 100 0
0 0 CUST 16 YR
PACKAGING 03-03 03-03 NET 30
35500 19800 97
3 0 0 0 CUST
3 YR
PACKAGING 04-01 00-00 NET 30
2200 0 0
0 0 0 0
PAINTS 04-03 04-01 VARIED
600 0 0
0 0 0 0 WRITE-OFF
PHOTO EQP 04-03 00-00 VARIED
600 0 0
0 0 0 0
PLBG& HTNG 05-08 05-02 2/10N30 3300
100 0 0
0 100 0 CUST 22 YR
PRNTG& PUBL 05-02 00-00 NET 30 5500
300 100 0 0
0 0
PRNTG& PUBL 03-09 00-00 NET 30 0
0 0 0
0 0 0
PRNTG SUPL 04-08 00-00 NET 30 5500
2500 100 0 0
0 0
PROP MGMT 04-07 00-00 NET 30
2000 2000 100 0
0 0 0
RENTALS 05-09 00-00 NET 30
23000 2600 0
100 0 0 0
TEMP HELP 04-01 00-00 NET 7
900 0 0
0 0 0 0
TRANSPORTN 04-11 00-00 VARIED 100
0 0 0
0 0 0
TRNS EQUIP 04-02 01-02 VARIED 0
0 0 0
0 0 0 CUST 4 YR
TRUCK DLR 04-09 00-00 NET 30 0 0 0 0 0
0 0
WHLSE TRAD 04-04 00-00 VARIED 4600
3500 100 0 0
0 0
WHLSE TRAD 04-02 03-04 NET 30 900 0
0 0 0 0 0
CUST 7 YR
WHLSE TRAD 04-01 03-12 2/10N30 0 0 0 0 0
0 0
WHLSE TRAD 03-05 00-00 NET 30 1000
1000 0 100 0
0 0
ADMIN 05-05 03-02 NET 30
0 0 0
0 0 0 0 CUST 37 YR
CURRENT QUARTER 7631000 707300
26 73 0 1 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30
60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20060100 0 11 12 702000 26 72
1 1 0
20051200 0 10 13 1114200 13 86
1 0 0
20051100 0 12 8 113600 74 14
11 0 1
20051000 0 11 14 2564000 9 91
0 0 0
20050900 0 8 2 226900 94 3
3 0 0
20050800 0 8 12 1014100 24 75
1 0 0
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30
60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2005 12 635300 22 77 1
0 0
Third
2005 12 1267400 18 82 0
0 0
Second 2005 10 426600 38 60 2
0 0
First
2005 7 1071000 53 46 1
0 0
Fourth
2004 13 1701300 11 89 0
0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2005 31/12/2004 31/12/2003
Consolidated Consolidated Consolidated
Sales / Revenues 71,066 62,907 54,390
RESULTS
Net Income 2,103 1,331
1,290
ASSETS
Total Current Assets 27,952 37,154 25,957
Property Plant & Equip 20,308
12,542 11,579
Total Fixed Assets 20,308 12,542 11,579
Total Assets 48,260 49,696
37,536
LIABILITIES
Total Current Liab 21,383 30,174 20,394
Total Liabilities 21,383 30,174 20,394
EQUITY
Total Equity 12,252 10,491
9,762
FINANCIAL ANALYSIS
Actual Previous Percentage of total assets
31/12/2005 31/12/2004 31/12/2005 31/12/2004
Total Current Assets 27,952 37,154 57.92 74.76
Total Assets 48,260
49,696 100.00 100.00
Total Current Liab 21,383 30,174
44.31 60.72
Total Liabilities 21,383 30,174
44.31 60.72
Total Equity 12,252
10,491 25.39 21.11
Financial
statements are in US $ Millions.
CURRENT OPERATIONS
NAICS
Code: 42251 Grain and Field Bean Wholesalers
SIC
Code: 5153
Number of Employees: 124,000
Business Activity:
Cargill's diversified operations
include grain, cotton, sugar, and petroleum trading; financial trading; food
processing; futures brokering; and feed and fertilizer production.
Cargill's brands include Diamond
Crystal (salt), Gerkens (cocoa), Honeysuckle White (poultry), and Sterling
Silver (fresh meats).
The above heading address is the
headquarters location. The facility is owned and consists of 560,000 square
feet.
There are approximately 1000
locations in 72 countries worldwide. The Company's mailing address is:
P.O. Box 9300
Minneapolis, MN 55440-9300
PUBLIC RECORD
Filing Number: 41546391
Filing Date: 06/04/2004
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF YORK STS
DOVER, DE 19901
DEBTOR INFORMATION
Debtor(s): CARGILL INC.
15407 MCGINTY RD W
WAYZATA, MN 55391
SECURED PARTY OR CREDITOR
INFORMATION
Secured Party: PCS SALES (USA), INC.
1101 SKOKIE BLVD STE. 400
NORTHBROOK, IL 60062
---------------------
Filing Number: 41546342
Filing Date: 06/04/2004
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF YORK STS
DOVER, DE 19901
DEBTOR INFORMATION
Debtor(s): CARGILL INC.
15407 MCGINTY RD W
WAYZATA, MN 55391
SECURED PARTY OR CREDITOR
INFORMATION
Secured Party: PCS SALES (USA), INC.
1101 SKOKIE BLVD STE. 400
NORTHBROOK, IL 60062
---------------------
Filing Number: 41546367
Filing Date: 06/04/2004
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF YORK STS
DOVER, DE 19901
DEBTOR INFORMATION
Debtor(s): CARGILL INC.
15407 MCGINTY RD W
WAYZATA, MN 55391
SECURED PARTY OR CREDITOR
INFORMATION
Secured Party: PCS SALES (USA), INC.
1101 SKOKIE BLVD STE. 400
NORTHBROOK, IL 60062
----------------------
No petitions for bankruptcy
protection were found.
GENERAL COMMENTS
Cargill's diversified operations
include grain, cotton, sugar, and petroleum trading; financial trading; food
processing; futures brokering; and feed and fertilizer production. The payment
record is satisfactory and the operating history is clear. No derogatory
information was found. This company is considered responsible for normal
business transactions.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |