MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALLENBERG COTTON COMPANY |
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Registered Office : |
7255 Goodlett Farms Parkway, Cordova, TN 38016 |
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Country : |
United States |
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Date of Incorporation : |
07.03.1986 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Raw Material
and 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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Maximum Credit Limit : |
USD 2,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
2,000,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
ALLENBERG COTTON
COMPANY |
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Address: |
7255 Goodlett
Farms Parkway, Cordova, TN 38016, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (901) 383-5000 + 1 (901) 383-5010 0174650 Delaware Anthony Tancredi,
President |
Date founded: |
07/03/1986
Corporation for Profit N.A. 300 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesales raw material and cotton |
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BANKS
Wells Fargo
BUSINESS
Business & Operations:
Allenberg Cotton is a private company located in Cordova, Tennessee.
Allenberg Cotton's line of business is wholesaler of farm products and raw
materials.
Allenberg Cotton Co., based outside Memphis in Cordova, Tennessee, has
almost 300 employees in the United States, all engaged in some aspect of
pricing, buying, classing, warehousing or shipping cotton.
The company maintains cotton originating and sales offices across the
United States in areas where cotton is grown and near its customers. The Louis
Dreyfus cotton group of companies maintains offices and agencies in major
cities around the world, including Antwerp, Beijing, Hong Kong, Osaka, Sao
Paulo, Asuncion, Geneva, New Delhi and Buenos Aires.
Allenberg handles several
million bales of cotton annually, with nearly 75 percent going for export.
Along with its overseas affiliates, the combined shipments of US and foreign
growths topped 7.0 million bales in 2007.
Now a wholly owned division of Louis Dreyfus, Allenberg Cotton Co. is
led by Joseph Nicosia, Chief Executive Officer, who started in Louis Dreyfus'
grain division in 1980; Thomas Malone, Chief Operating Officer and a 40 year
veteran of Allenberg; and Anthony Tancredi, President and head of worldwide
cotton merchandising. Today, Allenberg Cotton Co. ranks as one of the largest
cotton merchandising organizations in the world.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Anthony Tancredi,
President.
The parent company is Louis
Dreyfus Corporation.
Louis Dreyfus Corporation
87 avenue de la Grande
Armée
F-75782 Paris Cedex 16,
France
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Allenberg Cotton Company does not publish any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
843,100,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a
regular basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a medium company
working worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See above Regular |
ADVISED
CREDIT
2,000,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.30 |
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UK Pound |
1 |
Rs.86.13 |
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Euro |
1 |
Rs.68.72 |
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%)