MIRA INFORM REPORT

 

 

Report Date :

06.08.2011

 

IDENTIFICATION DETAILS

 

Name :

UNIVERSAL COOPERATIVES INC

 

 

 

 

Registered Office :

1300 Corporate Ctr Curv Saint Paul, MN 55121-2487

 

 

 

 

Country :

United States

 

 

 

 

Year of Establishment:

1972

 

 

 

 

Com. Reg. No.:

COOP-3839

 

 

 

 

Legal Form :

Corporation for Profit

 

 

 

 

Line of Business :

Tire-Distributor, Pesticide and Other Agricultural Chemical Manufacturing, Other Chemical and Allied Products Merchant Wholesalers

 

 

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 :

USD 2,000,000

Status :

Good

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Medium

 

 

IDENTIFICATION

 

Legal Name:

Universal Cooperatives Inc

 

 

Legal Address

1300 Corporate Ctr Curv

Saint Paul, MN

55121-2487,

United States

 

 

Telephone:

+ 1 (651) 239-1000

Registration Number :

COOP-3839

Fax:

+ 1 (651) 239-1000

Legal Form:

Corporation for Profit

Email:

info@ucoop.com

Registered in:

Minnesota

Website:

www.ucoop.com

Date Created:

1972

Manager:

Terry J Bohman CEO

Date Incorporated:

October 7, 1980

Staff:

200-900 (Est.) employees

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Tire-Distributor,Pesticide and Other Agricultural Chemical Manufacturing,Other Chemical and Allied Products Merchant Wholesalers

Farm Supplies Merchant Wholesalers

 

 

 

BANKS

 

Name of the Bank

US BANK

 

Name of the Bank

FIRST MINNETONKA CITY BANK

 

Name of the Bank

ASSOCIATED BANK

 

Name of the Bank

FIRST SECURITY BANK-WEST

 

Name of the Bank

FAIRVIEW BANK

 

BUSINESS

 

HISTORY

 

The company was formed November 1, 1972 by a merger of United Cooperatives, Inc. of Alliance, Ohio and National Cooperatives, Inc. of Albert Lea, Minnesota.

 

PRINCIPAL ACTIVITY

 

The company procures, warehouses, and distributes over-the-counter animal health products, such as a line of micro-ingredients for livestock feeds, which include amino acids, antibiotics, antioxidants, coccidiostats, dewormers, growth promotants, vitamins, premixes, biologicals, endectocides, insecticides, instruments, powders and boluses, rodenticides, and topicals.

 

In addition, Universal Cooperative blends lubricants and motor oils, gear lubes and transmission oils, hydraulic and specialty oils; and offers rawhide dog chews, including a line of rawhide chips, sticks, strips, and bones, as well as hooves, fantasy chews, and novelty items.

 

It has international business partners.

 

Products/Services description:

 

 

Pesticide and Other Agricultural Chemical Manufacturing

 

Motor Vehicle Supplies and New Parts Merchant Wholesalers

 

Tire and Tube Merchant Wholesalers

 

Drugs and Druggists' Sundries Merchant Wholesalers

 

Other Chemical and Allied Products Merchant Wholesalers

 

Farm Supplies Merchant Wholesalers

 

Brands:

 

Universal Cooperatives, Inc. owns the CO-OP brand, which is used on tires, batteries, farm chemicals, animal health products, twine, and lubricants.

Operations area:

 

 

National, International

The company export to Canada, Brazil ,and France

 

Trade References:        Despites long searches we were unable to confirm the trade references with the staff.

PAYMENTS

 

regular

Comments on location:

 

Universal is headquartered in Eagan, Minnesota with production/distribution facilities in Arkansas, Idaho, Kansas, Kentucky, Minnesota, Nebraska, North Dakota, Ohio, Canada, Brazil and France.

 

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Universal Cooperatives, Inc is owned by 14 regional agricultural cooperatives:

 

Alabama Farmers Cooperatives, Inc.

Decatur, Alabama  

 

CHS, Inc.

St. Paul, Minnesota 

 

LaCoop Federee

Montreal, Quebec, Canada  

 

Countrymark Cooperative, Inc.

Indianapolis, Indiana 

 

Federated Co-operatives, Limited

Saskatoon, Saskatchewan, Canada

 

GROWMARK, Inc.

Bloomington, Illinois 

 

Intermountain Farmers Association

Salt Lake City, Utah 

 

Land O' Lakes, Inc.

Minneapolis, Minnesota

 

MFA Incorporated

Columbia, Missouri 

 

Dairy Farmers of America

Springfield, Missouri

 

Southern States Cooperatives, Inc.

Richmond, Virginia  

 

 

Tennessee Farmers Cooperative

LaVergne, Tennessee  

 

 

United Farmers of Alberta

Calgary, Alberta, Canada  

 

 

Union InVivo

Paris, France 

 

 

Management:

 

 

TERRENCE J BOHMAN, PRESIDENT

RON UTTERBACK,     CHAIRMAN

BART KRISLE,       VICE CHAIRMAN

 

 

 

 

 

 

 

 

 

 

 

 

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

 

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

 

USD

2010

 

Turnover

$375,688,416

 

 

Currency

DATE

USD

2008

Turnover

306,013,420

The cash flow is

NORMAL




 




Legal Fillings

 There are several UCC files listed with the Secretary of State of Minnesota.

 

 

Filing Date:  06-24-2011

Secured Party:  GENERAL ELECTRIC CAPITAL CORPORATION

Debtor:  UNIVERSAL COOPERATIVES INC

 

 

 

 

Filing Number:  201021913242

Filing Date:  10-25-2010

Secured Party:  GREATAMERICA LEASING CORPORATION

Debtor:  UNIVERSAL COOPERATIVES, INC.

 

 

 

 

Filing Number:  201020879298

Filing Date:  07-15-2010

Secured Party:  LEASE FINANCE GROUP INC

Debtor:  UNIVERSAL COOPERATIVES, INC.

 

 

 

 

Filing Number:  201020879553

Filing Date:  07-15-2010

Secured Party:  LEASE FINANCE GROUP INC

Debtor:  UNIVERSAL COOPERATIVES, INC.

 

 

 

 

Filing Number:  201020424744

Filing Date:  06-01-2010

Secured Party:  PNCEF, LLC

Debtor:  UNIVERSAL COOPERATIVES, INC.

 

 

 

 

 

 

Filing Number:  100007899620

Filing Date:  03-19-2010

Secured Party:  US BANCORP

Debtor:  UNIVERSAL COOPERATIVES INC

 

 

 

 

There are no legal filings listed with the District Court.

 

 

 

The last annual report was filed on 2010.

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

 

 

For information:

 

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

 

 

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America. 

 

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

 

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

 

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

 



 Rating

 

Local credit bureau gave a good credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

UNIVERSAL COOPERATIVES, INC. is a medium sized US company. It was incorporated in 1980.

 

The company has years of experience in the industry.

 

The structure’s activity is diversified which may allow the company to reach important income.

 

The turnover has increased since 2008.

 

The UCC found confirm the trust from the financial institutions.

 

There were no legal filings found against the company or its legal representatives.

 

We believe that the business can bear a credit line with confidence.

 

A business connection can be conducted.

 

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public Records

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 




ADVISED CREDIT

USD 2,000,000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.80

UK Pound

1

Rs.72.85

Euro

1

Rs.63.11

 

 

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

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.