MIRA
INFORM REPORT
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Report Date : |
02.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
LOUIS
DREYFUS COMMODITIES SUISSE SA |
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Formerly Known as : |
DOMITIUS SA |
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Registered Office : |
Route de l'Aeroport 29
1218 Le Grand-Saconnex/GE |
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Country : |
Switzerland |
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Date of Incorporation : |
19.04.2006 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
International Trading and Distribution of Agricultural Raw Materials as a Trader and
Distributor through a network
of
branches located in numerous cities throughout the world. |
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 : |
EUR 300.000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
Louis Dreyfus
Commodities Suisse SA
Line of Business
Matieres
premieres agricoles
Legal domicile
Route de
l'Aeroport 29
1218 Le
Grand-Saconnex/GE
Business address
Case postale
236
1215 Geneve
15/GE
Switzerland
Telephone: 022
7992700
Fax: 022 5927468
Homepage: http://www.louisdreyfus.com
E-Mail: info@louisdreyfus.com
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Business connections are
permissible. |
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detail assessment:
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Payments: |
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No complaints |
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individual
credit limit*: |
EUR 300.000,-- |
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
Registration: 19-04-2006
First
Publication: 25-04-2006
Last
Publication: 03-04-2008
Share
capital: 87.106.100
Paid up: 87.106.100
Divided
into: 871.061 Registered shares of 100
History: 01-11-2007 87.106.100 Capital increase
100.000 Capital by incorporation
Direct Parent com.
Louis Dreyfus
Communications Schweiz AG, 1208
Geneve/GE,
Switzerland/CH with a share of 100.
Company Management
Jean Gandar
Nigel Mamalis
Registered name
26-06-2006
Louis Dreyfus Commodities Suisse SA
Previous DOMITIUS SA
Registered domicile 19-07-2006,
1218 Le Grand-Saconnex/GE
Previous, 1200 Geneve/GE
ACTIVITY
Activity:
The company is
involved in the international trading and distribution of agricultural raw
materials as a trader and distributor through a network of branches located in
numerous cities throughout the world.
The company
trades with the following commodities:
- grains and
oilseeds
- citrus
- cotton
- sugar
- coffee
- non-ferrous
metals and commodities
- energetic
products
EMPLOYEEs
Number of
employees: 192
The group
employs 12'000 people around the world.
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Information only available against
proof of interest with a valid signature.
A current
check of the legal actions requires a justificative document with a legitimate
signature.
The business
conduct is considered very good and the current liabilities are fulfilled on
time.
FINANCIAL DATA:
Financial
position: The financial situation is
considered first rate.
Financial
Statements: The company does not disclose any financial statements.
According to the
contract from 22.12.2006, the company acquired all the shares from the company
Louis Dreyfus & Co Limited, Cardiff/Great Britain, which represented
32'445'000 shares of USD 1 for CHF 144'432'000; in return, 343'296 registered
shares of CHF 100, the balance constituting an agio.
Banker(-s)
UBS Ltd, 1200
Geneve
Auditors
Constantin
Suisse SA, Geneve
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.: Louis
Dreyfus Communications Schweiz AG, 1208
Geneve/GE,
Switzerland/CH with a share of 100.
Louis Dreyfus
Communications Schweiz AG, c/o Alber & Rolle Experts-Comptables Associes
SA, chemin Frank-Thomas 34, 1208 Geneva was registered in the commercial
register on 1 February 2000 and
operates
with a fully
liberalized share capital of CHF 14,745,000.--.
The latter is
wholly owned by the company:
- LOUIS
DREYFUS COMMUNICATIONS SA, Paris
Louis Dreyfus
Communications Schweiz AG fully owns the share capital of
the following
companies:
- Louis
Dreyfus Commodities Finance Suisse SA, Le Grand-Saconnex
- Louis
Dreyfus Commodities Metals Suisse SA, Le Grand-Saconnex
- Louis
Dreyfus Commodities Freight Suisse SA, Le
Grand-Saconnex
- Louis
Dreyfus Commodities Services Suisse SA, Le Gd-Saconnex
- Louis
Dreyfus Commodities Suisse SA, Le Grand-Saconnex
The Louis
Dreyfus Group is a multinational group of companies controlled
by Louis
Dreyfus S.A.S., a company under French law, headquartered in
Paris.
Principal
activities of the Group consist of worldwide processing,
trading and
merchandising of various agricultural and energy
commodities.
The Group is
also significantly involved in naval armament, in the
development
and operation of telecommunications infrastructures, as well
as in real
estate promotion and management.
Louis Dreyfus companies
are present in more than 53 countries, with
major office
in Beijing, Buenos Aires, London, Paris, Sao Paulo,
Singapore,
Wilton (Connecticut) and Memphis (Tennessee).
Aggregate
average annual gross sales in recent years have exceeded $20 billion.
Since its
inception the group has always been entirely in the hands of the Louis Dreyfus
family.
Associated companies:
Louis Dreyfus Commodities Freight Suisse SA,
Le
Grand-Saconnex/GE,
Switzerland/CH
Louis Dreyfus
Commodities Finance Suisse SA, Le
Grand-Saconnex/GE,
Switzerland/CH
VOLGAGRAIN SA,
Geneve/GE, Switzerland/CH
SUNGRAIN
HOLDING SA, Le Grand-Saconnex/GE,
Switzerland/CH
Louis Dreyfus
Commodities Services Suisse SA, Le
Grand-Saconnex/GE,
Switzerland/CH
Louis Dreyfus
Commodities Metals Suisse SA, Le
Grand-Saconnex/GE,
Switzerland/CH
Louis Dreyfus
Commodities Finance Suisse SA, Le
Grand-Saconnex/GE,
Switzerland/CH
LOUIS DREYFUS
TRADING LIMIDED, Londres, succursale
de Geneve,
Geneve/GE, Switzerland/CH
BOARD OF DIRECTORS:
Jean Gandar, from
France, in
Cartigny/GE/Switzerland,
President,
sole signature.
Nigel Mamalis,
from United Kingdom, in Le
Grand-Saconnex/GE/Switzerland,
Vice
President, sole signature.
Ian McIntosh,
from United Kingdom, in
Geneve/GE/Switzerland,
Member, sole
signature.
Philippe
Meurice, from France, in
Carouge/GE/Switzerland,
Member, sole
signature.
Alexandre
Montavon, from Montavon, Boecourt, in
Geneve/GE/Switzerland,
Member, sole
signature.
PERSONNEL INFORMATION
Jean Gandar,
born on 19 March 1954, lives in 1236 Cartigny, rue du
Trabli 16,
where he is owner.
Nigel Mamalis,
born on 17 July 1960, lives in 1228 Grand-Saconnex, Parc
des Mayens 5a,
where he is owner.
FURTHER MANDATES
Jean Gard:
- Louis
Dreyfus Commodities Finance Suisse SA, Le Grand-Saconnex
- Louis Dreyfus
Commodities Metals Suisse SA, Le Grand-Saconnex
- Louis
Dreyfus Commodities Freight Suisse SA, Le Grand-Saconnex
- Louis
Dreyfus Commodities Services Suisse SA, Le Grand-Saconnex
- SUNGRAIN
HOLDING SA, Le Grand-Saconnex
etc.
Nigel Mamalis:
- LOUIS
DREYFUS TRADING LIMITED, Londres, succursale de Geneve, Geneve
- Socef,
Societe Commerciale de Cereales & Financiere SA, Le
Grand-Saconnex
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.96 |
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UK Pound |
1 |
Rs.83.91 |
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Euro |
1 |
Rs.66.36 |
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%)