MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Bunge SA |
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Registered Office : |
Case postale 518, 1211 Geneve 12/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
17-12-1976 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
The company
is involved in the trade with primary agricultural products. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 1.000.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Detail
assessment: |
Payments: |
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The financial affairs are considered
good and in order. |
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Individual
credit limit*: |
EUR 1.000.000.-- |
Name
Bunge SA
Line of Business
Matieres premieres agricoles
Legal domicile
Route de Florissant 13
1206 Geneve/GE
Business address
Case postale 518
1211 Geneve 12/GE
Switzerland
Telephone: 022 5929100
Fax: 022 5929102
Homepage: http://www.bunge.com
E-Mail: info@bunge.com
CREDIT ADVICE
Credit opinion: EUR 1.000.000,--
This credit advice is based on information
available at the time of conducting the research, being the above indicated
date.
All amounts in this report are given in
Swiss Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint
stock company
First Publication: 17-12-1976
Last Publication: 13-12-2006
Share capital: 6.150.000
Paid up: 6.150.000
Divided into: 6.150
Registered shares of 1.000
History: 14-09-2004 6.150.000 Capital increase
05-11-1997 2.100.000 Capital increase as a result
of merger
100.000 Previous capital
Direct Parent com.: Koninklijke Bunge NV, Rotterdam,
Netherlands/NL with a share of 100.
Company Management: Poul Schroeder
Registered name 20-09-2001 Bunge SA
26-02-2001 Bunge Agribusiness SA
Previous
Lagran AG
Registered domicile 26-02-2001, 1200 Geneve/GE
Previous, 8000 Zuerich/ZH
ACTIVITY:
Activity:
The company is involved in the trade with
primary agricultural products.
EMPLOYEES:
Number of employees: 83
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: No legal actions or distraints are registered.
Report from 02-05-2001, in 1200 Geneve.
A current check of the legal actions
requires a document of justification with a legitimate signature.
The settlement of liabilities is prompt.
The business is considered correct.
FINANCIAL DATA:
Financial position: The financial affairs are considered good
and in order.
Financial Statements: The company does not
disclose any financial statements.
Consolidated key figures (in USD
1.000.000):
Groupe Bunge
31.12.2005
31.12.2004 31.12.2003 31.12.2002
12 Months 12 Months 12
Months 12 Months
Sales 24'275.0
25'168.0 22'165.0 13'882.0
Profit/Loss 530.0
469.0 411.0 255.0
Shareholder funds
4'266.0 3'375.0 2'377.0 1'472.0
Balance sheet total 11'446.0
10'907.0 9'884.0 8'349.0
Employees 23'495
24'621 23'295
Takeover from: BU.AR HOLDING
SA
1200
Geneve/GE
Type: Take
over as a result of merger
Registered on: 01-02-2006
Contract date: 20-12-2005
Balance Sheet per: 30-09-2005
Assets: 65.665
Liabilities: 24.280
Takeover from: Oleina Holding
SA
1200
Geneve/GE
Type: Take
over as a result of merger
Registered on: 01-02-2006
Contract date: 20-12-2005
Balance Sheet per: 30-09-2005
Assets: 13.957.592
Liabilities: 52.929.920
Takeover from: Cereol
International (Suisse) SA
1200
Geneve/GE
Type: Take
over as a result of merger
Registered on: 01-02-2006
Contract date: 20-12-2005
Balance Sheet per: 30-09-2005
Assets: 10.058.321
Liabilities: 1.625.329
Take over price: 8.432.992
In July 2001, the company acquired assets
and liabilities from the Zurich-based Celtic Handels AG.
Banker(-s): UBS Ltd, 1200 Geneve
Credit Suisse
(CS), 1200 Geneve
Auditors: Deloitte SA, Meyrin
Premises: The premises at the above
mentioned address are rented.
Fiscal taxation: No information is
available due to the local tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Parent com.: Koninklijke Bunge NV, Rotterdam,
Netherlands/NL with a share of 100.
Ultimate Parent com.: Bunge Ltd, White
Plains, New York, America/US.
Shareholder(s):
Koninklijke Bunge BV, Rotterdam,
Netherlands/NL.
Founded in 1818, the Bunge Group is the
world's leading supplier of primary agricultural products and vegetable oils.
The Group has about 450 operations in 32
countries.
Direct Investments:
Oleina SA, Geneve (100.0%).
BOARD OF DIRECTORS:
Poul Schroeder, from Denmark, in
Anieres/GE/Switzerland,
President, collective signature.
Jean-Louis Gourbin, from France, in
Geneve/GE/Switzerland,
Member, collective signature.
Frans Mol, from Netherlands, in
Geneve/GE/Switzerland,
Member, collective signature.
Soren Schroeder, from Denmark, in Corsier/GE/Switzerland,
Member, General Director, collective
signature.
Lane Silverman, from StA der USA, in Geneve/GE/Switzerland,
Member, collective signature.
MANAGEMENT:
Claudio Cervellati, from Italy, in Geneve/GE/Switzerland,
Director, collective signature.
Dirk Hellings, from Belgium, in
Geneve/GE/Switzerland,
Director, collective signature.
Ib Henrichsen, from Denmark, in Veyrier/GE/Switzerland,
Director, collective signature.
Jean-Yves Herpe, from France, in
Geneve/GE/Switzerland,
Director, collective signature.
Gabriel Krapf, from France, in Geneve/GE/Switzerland,
Director, collective signature.
Vincent Minna, from Geneve, in
Geneve/GE/Switzerland,
Director, collective signature.
Sergio Nasinbene, from Brazil, in
Geneve/GE/Switzerland,
Director, collective signature.
David Benedict Pearcy, from United
Kingdom, in Geneve/GE/Switzerland,
Director, collective signature.
Henri Rieux, from France, in
Geneve/GE/Switzerland,
Director, collective signature.
Daniel Rudolph-Math, from Germany, in
Nyon/VD/Switzerland,
Director, collective signature.
Peter Spierings, from Netherlands, in
Collonges/VS/Switzerland,
Director, collective signature.
Brian Thomsen, from Denmark, in
Geneve/GE/Switzerland,
Director, collective signature.
Horst P. Wurmsee, from Germany, in
Thonex/GE/Switzerland,
Director, collective signature.
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. |
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%)