MIRA INFORM REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
LOUIS DREYFUS COMMODITIES LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23.09.2010 |
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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 500,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Allenberg Cotton Co |
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Address in the order: |
7255 Goodlett |
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Legal Name: |
LOUIS DREYFUS COMMODITIES LLC (Allenberg
Cotton Co) |
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Trade Name: |
Allenberg Cotton Co |
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Legal Address |
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Operative Address |
7255 Goodlett |
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Mailing Address |
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Telephone: |
+1 (901) 383-5000 |
ID : |
4875820 |
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Fax: |
+ 1 (901) 383-5010 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1921 |
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Manager: |
Joseph T Nicosia, CEO |
Date Incorporated: |
September 23rd, 2010 |
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Staff: |
300 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Wholesales raw material and cotton. |
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BUSINESS
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HISTORY |
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This company was created in the year 1921. |
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PRINCIPAL ACTIVITY |
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This company is categorized under Cotton Merchants and Products. |
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Products/Services description: |
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Pricing, buying, classing, warehousing and shipping cotton. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries. |
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The company imports from Europe, |
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The company export to Worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The subject company is headquartered at 7255 Goodlett |
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Comments on location: |
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The company is incorporated in |
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Branches: |
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7255 Goodlett 219 |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is wohlly own subsidiary of Louis Dreyfus Group. |
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Management: |
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Joseph T Nicosia, CEO Anthony L Tancredi, President Thomas F Malone Jr, ChOO H Thomas Hayden, CFO Michael F D'Addabbo, Vice President |
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Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Tina Audrey who refused to provide us any
financial data on grounds of confidentiality. Our agent tried to call back
again to speak with a different accountant, but she stated that they did not
request any credit line. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
843,100,000 |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of Delaware. There were two legal filings found against
the company: Allenberg Cotton Co. v. Staple Cotton
Cooperative Association Filed: July 30, 2007 as 4:2007cv00123
Updated: April 6, 2010 17:02:27 Plaintiff: Allenberg Cotton Co. Defendant: Staple Cotton Cooperative
Association Presiding Judge: W. Allen Pepper Referring Judge: Eugene M. Bogen Cause Of Action: Agricultural Commodities
Act Allenberg Cotton Co. v. Staple Cotton
Cooperative Association Filed: July 19, 2006 as 2:2006cv02449
Updated: July 19, 2006 00:00:00 Presiding Judge: Judge J. Daniel Breen Referring Judge: Magistrate Judge Tu M.
Pham Cause Of Action: Agricultural Commodities
Act 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 ** 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 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
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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. |
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Final Opinion |
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This company has been in business for 90
years. It has a staff of 300 employees which makes it a medium sized company.
There were no legal filings found against the company or its legal
representatives. There were two legal filings found against
the company back in 2007. Due to the fact that the company has these
two lawsuits unsolved, A credit line may be considered for USD 500,000 |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Tina Audrey |
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Position |
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Accountant |
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Comments |
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Our agent spoke with a representative who refused to provide us with
her name and any financial data on grounds of confidentiality. We tried to
call back again to speak with a different accountant, we spoke with Ms
Audrey, but she stated that they did not request any credit line. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.17 |
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Euro |
1 |
Rs.61.88 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.