MIRA
INFORM REPORT
|
Report Date : |
20.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CARGILL AGRICOLA SA |
|
|
|
|
Registered Office : |
The Temple Financial Centre, Po Box 228, Providenciales, Tirks And
Caicos Islands |
|
|
|
|
Country : |
Turks and Caicos Islands |
|
|
|
|
Date of Incorporation : |
1965 |
|
|
|
|
Legal Form : |
International Business
Company |
|
|
|
|
Line of Business : |
Finance and Investment |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
800,000 USD |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
REQUIRED CREDIT |
ADVISED CREDIT |
|
MAXIMUM |
800,000 USD |
GEOPOLITICS
|
POLITICAL DATA |
ECONOMIC DATA |
||
|
FORM OF GOVERNMENT ECONOMIC RISK |
|
CURRENCY BRANCH SITUATION |
USD Stable |
IDENTIFICATION
|
Company Name: |
CARGILL AGRICOLA SA |
||
|
Address: |
THE TEMPLE FINANCIAL CENTRE, PO BOX 228 PROVIDENCIALES TIRKS AND CAICOS ISLANDS |
||
|
Phone: Fax: ID: State: Managers: |
(649) 946-5740 (649) 946-5739 N.A. TURKS AND CAICOS N.A. |
Date founded: |
1965 International Business
Company N.A. N.A. Nil |
|
Legal form: |
|||
|
Stock: Value: |
|||
|
Staff: |
|||
|
Business: |
Finance and Investment |
||
BANKS
BARCLAYS BANK
BUSINESS
Cargill Agricola SA is an
International Business Company / Offshore Company incorporated in Turks and Caicos
for tax purposes.
However the company does
not carry any operation in the Islands of Turks and Caicos.
It is not registered with
the Turks and Caicos Chamber of Commerce as being an active business.
It is not listed with the Turks
and Caicos yellow pages.
It is not listed with the
major local credit bureaus.
The Address provided by the client is that of the registered agent:
Temple Trust Company
Limited
The Temple Financial
Centre, P.O. Box 228, Providenciales, Turks & Caicos Islands
Ph: 649 946 5740
Fax: 649 946 5739
The agent declined to give
any information on the subject, who is protected by the law of non disclosure.
The company does not have any employee in Turks and Caicos. It uses the
registered agent staff.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The company is owned by foreign shareholders.
It is locally managed by the registered agent mentioned above.
Through outside sources we could obtain the following information:
Cargill Agricola SA in Turks and Caicos is a subsidiary of CARGILL
AGRICOLA SA in Brazil, itself a subsidiary of CARGILL, INC in the USA.
Cargill, Incorporated is an international provider of agricultural,
food/food processing, industrial, trading and financial products and services.
Cargill has been in Brazil with Cargill Agricola SA since 1965. The
roots are in the agribusiness sector, but Cargill Agricola SA is also one of
the largest food companies in the country. Headquartered in São Paulo, it has
approximately 23,000 employees in 180 towns throughout Brazil.
Direct parent
company of the subject company:
Cargill Agrícola S.A.
Av. Morumbi, 8234 – Brooklin
04703-002 – São Paulo / SP – Brazil
Tel: +55-11-5099-3311
End parent
company:
Cargill, Inc.
P.O. Box 9300
Minneapolis, MN 55440
USA
FINANCIALS – COMMERCIAL TRENDS
AND
FORECAST
As an offshore company, Cargill Agricola SA does not publish any
financials.
However our financial sources could provide us with the following
information:
Fiscal Year
12/31/2006
Turnover in USD 0
Net income in USD 7,000,000
Net Worth in USD 35,000,000
We found no subsequent public filling under the name of the company
during the elaboration of this report.
RATING
Local credit did not rate this company.
The cash is good.
Payments are made on a cash basis.
Our Final opinion:
The subject is an offshore company incorporated in Turks and Caicos but
doing business abroad.
It is part of a large international and well established group.
A credit line may be considered for USD 800,000.
We suggest making a report on the parent company:
Cargill Agrícola S.A.
Av. Morumbi, 8234 – Brooklin
04703-002 – São Paulo / SP – Brazil
Tel: +55-11-5099-3311
SUMMARY
|
FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
||
|
PROFITABILITY INDEBTNESS CASH |
GOOD CONTROLLED GOOD |
PUBLIC PAYMENTS |
NO CASH |
ADVISED CREDIT
800,000 USD
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. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)