MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
LOUIS DREYFUS
CORPORATION |
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Registered Office : |
7255 Goodlett |
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Country : |
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Date of Incorporation : |
1929 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged in buying,
classing, warehousing and shipping of cotton. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: LOUIS
DREYFUS CORPORATION
Trade Name(s): Memtex
Cotton Company
Allenberg Cotton Company
Front Street Cotton Company
Address: 7255
Goodlett
City: CORDOVA
State/Province:
Zip Code: 38016
Country: UNITED
STATES
Telephone: 901
383-5000
Facsimile: 901
383-5010
Founded
(D/M/Y): / /1929
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
300
Legal Form: Corporation
- Private
Website: www.allenberg.com
Business Activity: The Subject is engaged in buying,
classing, warehousing and shipping of cotton.
NOTE TO CLIENT
The information in
this report was provided by Mr. Tommy Haden, Chief Financial Officer.
REGARDING A REQUEST
FOR FRONT STREET COTTON COMPANY, PLEASE BE ADVISED THAT THIS IS A TRADE NAME
OWNED BY LOUIS DREYFUS CORPORATION FOR WHICH A REPORT FOLLOWS.
NOTE: The requested
address, PO BOX 3254, is a mailing address for the Company. The heading address
is the headquarters location.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 09/02/1989
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
File Number: 2186903
Incorporation Date /
Formation Date: 02/09/1989
Entity Name: LOUIS
DREYFUS CORPORATION
Entity Kind:
CORPORATION
Entity Type: GENERAL
Residency: FOREIGN
State: NY
REGISTERED AGENT INFORMATION
Name: THE
CORPORATION TRUST COMPANY
Address: CORPORATION
TRUST CENTER
City:
County: NEW CASTLE
State: DE
Postal Code: 19801
Phone: (302)658-7581
Name I.D. Number
LOUIS DREYFUS
CORPORATION 0174650
Business Type*:
CORPORATION
Profit/Nonprofit:
FOR PROFIT
Status*: ACTIVE
Date of
Formation/Qualification: 07/03/1986
Domestic/Foreign:
FOREIGN
Place of
Incorporation/Organization: DE
Duration: PERPETUAL
FYC(Fiscal Year
Closing) Month: MAY
Principal Office:
Address Line 1:
Address Line 2: P.O.
City:
State: CT
Zip: 068970810
Other than
Registered Agent:
Name: CORPORATION
SERVICE COMPANY
Address Line 1: 2908
POSTON AVENUE
Address Line 2:
City:
State: TN
Zip: 372030000
Managers/Key
Personnel
Mr. Joseph
Nicosia Chief Executive Officer
Mr. Anthony
Tancredi President
Mr. Thomas
Malone Chief Operating Officer
Mr. Tommy Haden Chief Financial Officer
AFFILIATED ENTITIES
Louis Dreyfus Cotton
International -
Agricultural FRM
Louis Dreyfus
Louis Dreyfus
Louis Dreyfus Coffee
Ocean Freight
The Subject is
believed to have numerous other affiliates, a complete list was not available.
Parent Companies
Parent Company: Louis Dreyfus SAS
1 Rue Armand
et Eyjene Peygeout
Telephone: (33) 147771700
BANKS
TN
Telephone:
Facsimile:
Account Number:
Account Manager:
Mr. Haden stated
that the Subject has relationships with numerous banks, none of which is considered
primary. He did not provide any further information.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-05 05-03 0000000 100 100
0 0 0
0 100
APPAREL
07-05 91-05 VARIED 103800 28100
100 0 0 0 0
COMMUN SVC 07-05 00-00 NET 21 1700 1700
100 0 0 0
0 CUST 1 YR
EQUIPMENT
07-03 07-03 NET 30 100 100
100 0 0 0
0 CUST 3 YR
FACTOR
07-03 05-05 NET 30 0 0
0 0 0
0 0
FACTOR
07-06 07-05 NET 30 3500 1000
100 0 0 0 0
FACTOR
07-03 07-02 NET 30 1900 400
100 0 0 0 0
FACTOR
07-02 06-07 NET 30 1100 0
0 0 0
0 0
FACTOR
07-05 07-04 NET 30 1600 0
0 0 0
0 0
FACTOR
07-05 07-05 VARIED 2400 700
100 0 0
0 0
FACTOR
07-05 07-04 NET 30 17100 0
0 0 0
0 0 CUST
8 YR
FACTOR
07-05 02-10 NET 30 0 0
0 0 0
0 0
FACTOR
07-03 07-02 NET 30 1700 600
100 0 0 0 0
FACTOR
07-02 06-11 NET 30 1400 0
0 0 0
0 0
FARM SUPPL 07-05 06-10 VARIED 300
300 100 0 0
0 0 CUST 13 YR
FINCL SVCS 07-05 06-12 CONTRCT 3100 0
0 0 0
0 0 CUST 13 YR
PETROLEUM
07-03 07-02 VARIED 2000 1000
100 0 0 0
0 CUST 45 YR
TELECOM
07-05 00-00 NET 30 400 200
100 0 0 0 0
TELECOM
07-05 00-00 NET30 6400 3200
100 0 0 0 0
TEXTILES
07-04 00-00 NET 30 0 0
0 0 0
0 0 CUST
7 YR
TRANSPORTN 07-06 00-00 NET 20 0
0 0 0 0 0
0 CUST 8 YR
TRANSPORTN 07-05 02-04 VARIED 0
0 0 0
0 0 0
CUST 6 YR
TRANSPORTN 07-04 00-00 NET 30 200
0 0 0
0 0 0
CUST < 1 Y
TRUCK DLR
07-05 00-00 CONTRCT 11000
10500 81 19
0 0 0
WAREHOUSE
07-05 07-04 VARIED 9100 9100
97 3 0
0 0 CUST
1 YR
AIR TRANS
06-06 06-06 0000000 28100
16600 99 0
0 0 1
CUST 31 YR
AIR TRANS
06-11 00-00 NET 30 13400 4500
59 41 0
0 0 COLLECTION
APPAREL
04-12 04-08 NET 60 6000 0
0 0 0
0 0
CHEMICALS
05-07 00-00 NET 30 200 200
0 50 50
0 0
COMMUN SVC 06-03 06-03 NET 30 400
0 0 0
0 0 0
COMPUTERS
06-06 06-05 0000000 10300
1000 0 17 83 0 0
CRED CARD
07-06 07-05 REVOLVE 200
200 100 0 0
0 0 CUST 36 YR
CRED CARD
07-05 07-04 N30PRXO 800
300 100 0 0
0 0 CUST 35 YR
FACTOR
06-09 06-08 NET 30 2500 1900
45 55 0
0 0
FACTOR
06-08 00-00 VARIED 100 100
0 200 100 100 100
FACTOR
06-09 00-00 NET 30 2000 0
0 0 0
0 0
FACTOR
07-01 06-02 NET 30 1600 0
0 0 0
0 0
FACTOR
06-12 04-03 NET 30 0 0
0 0 0
0 0
FACTOR
07-01 06-12 NET 14500 0
0 0 0
0 0 CUST
7 YR
FOOD
07-01 07-01 0000000 2400
1600 0 100 0
0 0 CUST 90 YR
FRGHT FWRD 06-01 05-12 NET 15 1400
100 100 0 0
0 0 SATSFTRY
OFFC SUPPL 05-11 05-07 CREDIT 100
0 0 0
0 0 0
CUST 11 YR
OFFC SUPPL 04-08 04-05 NET 30 0
0 0 0
0 0 0
CUST 7 YR
PRNTG& PUBL 06-02 04-03 NET 10 200
0 0 0 0 0 0
PRNTG& PUBL 06-05 00-00 VARIED 1700
0 0 0
0 0 0
TEMP HELP
06-06 00-00 ROI 20700 6900
100 0 0 0 0
TRANSPORTN 06-07 00-00 NET 15 400
0 0 0
0 0 0
ACCTCLOSED
CURRENT QUARTER 168900
57000 96 4
0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070600
0 0 1 56000 96
4 0 0 0
20070500
0 0 0 13800 100 0
0 0 0
20070400
0 0 1 36900 94
6 0 0 0
20070300
0 0 0 31700 97
3 0 0 0
20070200
0 0 0 37500 98
2 0 0 0
20070100
0 0 0 68700 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 1 34200 96
4 0 0 0
Fourth
2006 0 52000 100 0
0 0 0
Third
2006 0 47400 97
3 0 0 0
Second
2006 1 108200 96
4 0 0 0
First
2006 2 38700 84
16 0 0 0
FINANCIAL INFORMATION
Financial details
for the Subject were not provided. The Group of companies is reported to have
sales in the $1 - $5 billion US Dollar range, however this could not be
confirmed.
HISTORY
The Subject originated
in 1929. They were known as Allenberg Cotton Company, Inc. until the current
parent purchased that entity in 1981.
CURRENT OPERATIONS
NAICS Code: 42
Wholesale Trade
Number of
Employees: 300
Business Activity:
The Subject is
engaged in buying, classing, warehousing and shipping of cotton.
Mailing Address:
BRANCHES:
Allenberg Cotton Co.
806 747-7836
806 747-1991 Fax
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Allenberg Cotton Co.
219 East Second
Avenue
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Allenberg Cotton Co.
________________________________________
WAREHOUSE LOCATIONS:
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ADMC
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TDC I
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TDC II
671 Bodley
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Morrow, GA 30260
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TMDC I
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TMDC II
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TMDC III
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Stateline Warehouse
PUBLIC RECORD
No judgments or
bankruptcy filings were found. One lien was found which does not appear to have
impacted normal operations.
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Debtor Address:
LOUIS DREYFUS CORPORATION
LOUIS DREYBUS CORP
Secured Parties:
COLOR TOOL BOX
Filing Date:
3/12/2003
Filing Number:
0002190672
Filing Type: INITIAL
FILING
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Filing Number: B647 P451
Filing Type: COUNTY TAX LIEN
Filing Office:
Filing Date: 12/18/2006
DEBTOR INFORMATION
Debtor: LOUIS
DREYFUS CORP
Debtor Type: BUSINESS
Tax Payer ID Number:
XX-XXXXXXX
CREDITOR INFORMATION
Creditor:
LIEN INFORMATION
Total Amount: 160
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Debtor Address:
LOUIS DREYFUS CORPORATION
10 WEST PORT
Secured Parties: MANUFACTURER
AND DEALER SERVICES LLC
Filing Date:
7/27/2001
Filing Number:
0002085825
Filing Type: INITIAL
FILING
GENERAL COMMENTS
LOUIS DREYFUS
CORPORATION is well established with operations dating from 1929. The operation
history revealed one tax lien which does not appear to have impacted normal
operations. Payments are made on time. The subject is considered to be
responsible for normal business transactions at this time.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)