MIRA
INFORM REPORT
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Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
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Name : |
J R SIMPLOT COMPANY |
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Registered Office : |
2215-B Renaissance Dr, |
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Country : |
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Year of Establishment : |
1923 |
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Legal Form : |
Corporation for Profit. |
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Line of Business : |
Food and Agribusiness Company. |
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 |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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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Legal Name: |
JR Simplot Company (Simplot) |
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Trade Name: |
Simplot |
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Legal Address |
2215-B RENAISSANCE DR, |
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Operative Address |
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Mailing Address |
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Telephone: |
(208) 336-2110 |
ID : |
C876-1955 |
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Fax: |
(208) 384-8021 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1923 |
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Manager: |
William J Whitacre, Director |
Date Incorporated: |
June 28th, 1955 |
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Staff: |
9,970 |
Stock: |
500,000 |
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Value: |
100 USD |
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Activity: |
Food and agribusiness company |
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BANKS
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Name of the Bank |
BANK OF |
BUSINESS
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HISTORY |
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The company was created in 1923. It has presence worldwide. |
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PRINCIPAL ACTIVITY |
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The company engages in food processing, fertilizer manufacturing, agriculture,
and related businesses. |
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Products/Services description: |
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Its products include animal feed, feed ingredients, agricultural
fertilizers, turf fertilizers, herbicides and combinations, spreaders, tees,
greens, seeds, and grass. It also offers food products. Its services also include animal health and nutritional programs. |
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Sales are: |
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Wholesale |
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Suppliers: |
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Blue Source, LLC |
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Operations area: |
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National, International |
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The company imports from worldwide |
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The company export to |
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The subject employs 9,970 employee(s) |
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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 legal address of the company is that of the registrant officer:
2215-B Renaissance Dr, However, it is headquartered at: |
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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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The company has other locations in: |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is privately held. Despite our long searches, we could not identify the shareholders. |
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Management: |
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Board of Directors: Bill Whitacre, Director and Executive Committee Member Scott Simplot, Chairman & Executive Committee Member Gay Simplot, Director & Executive Committee Member Ted Simplot, Director & Executive Committee Member Debbie McDonald, Director & Executive Committee Member Dale Dunn, Director Steve Beebe, Director Joe Marshall, Director Richard Hormaechea, Director |
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 the company and left a message in the voice mail of
the Accounting Department, which kept unanswered. |
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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 |
4,500,000,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are several UCC** files
listed with the Secretary of State of Nevada. There are no legal filings listed with the District Court. 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 is a big sized American company. It employs 9,970 people and has
been in business for 87 years. A credit line may be considered for USD 2,000,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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We have contacted the company and left a message in the voice mail of
the Accounting Department, which kept unanswered. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.73 |
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1 |
Rs.73.21 |
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Euro |
1 |
Rs.63.90 |
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 |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.