MIRA INFORM REPORT

 

 

Report Date :           

24.05.2011

 

IDENTIFICATION DETAILS

 

Name :

CARGILL INTERNATIONAL SA

 

 

Registered Office :

Chemin de Normandie 14 1206 Genève

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.05.2010 (Group)

31.05.2009 (Company)

 

 

Date of Incorporation :

31.05.2000

 

 

Com. Reg. No.:

660.1.179.000-6 / 523755

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Trading of grain, oilseeds and vegetable oils, sugar and ocean freight; as well as energy

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

CHF 25'000'000

Status :

Good

Payment Behaviour :

Regular

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)

Switzerland

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Company name

 

Cargill International SA

 

 

Operating address

 

Chemin de Normandie 14

1206 Genève

Switzerland/CH

Telephone:                    022 7032111

Fax:                             022 7032555

Web site:                      http://www.cargill.com/worldwide/switzerland/de/index.jsp

E-mail:                         info@cargill.ch

VAT-No.:                      CHE-105.550.610

 

 

Profile

 

Established:                  1956

Line of Business:           Trade brokers

Industry Division:           Wholesale trade

Industry-code (NACE):     4611     Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

Import/Export:               Agency

Export sales:                100.0%

Banks:                         CS Credit Suisse

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  600-799

Sales:                          CHF 10 Bil +

 

 

Activity

 

The company is responsible for Cargill's world-wide trading of grain, oilseeds and vegetable oils, sugar and ocean freight; as well as energy including petroleum products, coal, electricity and CO2.

 

Real Estate

 

Real Estate:                    The company owns extensive property.

 

 

Company Register

 

Company No:                660.1.179.000-6 / 523755

Legal form:                    Company limited by shares

Registration:                 31.05.2000

Legal status:                 active

Responsible Register:    Registre du commerce du canton de Genève

Auditor:                        KPMG SA, Genève

History:                        Date of Incorporation Statutes: 09.03.1988

                                    Date of Statutes: 26.05.2004

                                    Date of Statutes: 24.05.2000

 

Entry            Deleted   Name

31.05.2000                    Cargill International SA

 

Entry            Deleted   Legal domicile

31.05.2000                    Genève, Switzerland

 

Entry            Deleted   Address

31.05.2000                    chemin de-Normandie 14, 1200 Genève/GE, Switzerland/CH

 

Entry            Deleted   Capital

25.08.2004                    Share Capital CHF 183'000'000, paidup CHF 183'000'000

31.05.2000    25.08.2004  Share Capital CHF 423'000'000, paidup CHF 423'000'000

 

Entry            Deleted   Capital Structure

25.08.2004                    10'000 Registered shares of CHF 18'300.--

31.05.2000    25.08.2004  10'000 Registered shares of CHF 42'300.--

 

Entry            Deleted   Activity (original Language)

31.05.2000                    Négoce international de matières premières, notamment de produits agricoles, alimentaires et pétroliers, transport maritime, ainsi qu'opérations financières y afférentes.

 

Entry            Deleted   Remarks (original Language)

31.05.2000                    Publishing authority: FOSC.

31.05.2000                    Reports: Communication aux actionnaires: lettre recommandée.

 

Official Administration

 

Title                                           Name

President                                    Norman Hay, Origin: United Kingdom, Address: Genève/GE, Switzerland, single signature, Appointment: 29.04.2005

Vice-President                            Hans U. Rueedi, Origin: Gächlingen, Switzerland, Address: Bernex, Switzerland, single signature

Company Secretary                     Cédric Grandjean, Origin: Bellerive, Switzerland, Address: Genève/GE, Switzerland, single signature, Appointment: 11.12.2002

Executive Director                       Dana E. Nelson , Origin: United States of America, Address: 1245 Collonge-Bellerive/GE, Switzerland, single signature, Appointment: 19.02.2010

Executive Director                       Paul Naar, Origin: Netherlands, Address: Aerdenhout, Netherlands, single signature, Appointment: 08.12.2008

Executive Director                       Thomas Intrator, Origin: Münchwilen, Switzerland, Address: Thônex, Switzerland, single signature

Executive Director                       Emery Koenig, Origin: United States of America, Address: Waconia, United States of America, single signature

 

Management

Title                                           Name

General Director                          Jean-Olivier Kerr, Origin: France, Address: Bernex, Switzerland, single signature

General Director                          Hans U. Rueedi, Origin: Gächlingen, Switzerland, Address: Bernex, Switzerland, single signature

General Director                          Norman Hay, Origin: United Kingdom, Address: Genève/GE, Switzerland, single signature, Appointment: 29.04.2005

General Director                          Thomas Intrator, Origin: Münchwilen, Switzerland, Address: Thônex, Switzerland, single signature

General Director                          Dana E. Nelson , Origin: United States of America, Address: 1245 Collonge-Bellerive/GE, Switzerland, single signature, Appointment: 19.02.2010

Director                                      Patrick Bracken, Origin: United States of America, Address: Genève/GE, Switzerland, single signature, Appointment: 29.04.2005

Director                                      Neal Sawatzke , Origin: United States of America, Address: 1228 Plan-les-Ouates /GE, Switzerland, single signature, Appointment: 29.08.2008

Director                                      Dave Buchanan , Origin: United States of America, Address: Chêne-Bougeries , Switzerland, single signature

Director                                      Peter Bishton , Origin: United Kingdom, Address: Contamine-sur-Arve, France, single signature

Director                                      Ivo Sarjanovic , Origin: Argentina, Address: Thônex, Switzerland, single signature

Director                                      David Gabriel, Origin: United States of America, Address: Genève /GE, Switzerland, single signature, Appointment: 12.12.2006

Director                                      Jonathan Drake, Origin: United Kingdom, Address: Collonge-Bellerive , Switzerland, single signature

Director                                      Gerrit-Jan Van den Akker , Origin: Netherlands, Address: 1224 Chêne-Bougeries/GE, Switzerland, single signature

Director                                      Andreas Rickmers, Origin: Germany, Address: 1228 Plan-les-Ouates/GE, Switzerland, single signature, Appointment: 21.09.2007

Director                                      Jean-François Muse, Origin: France, Address: 1255 Veyrier/GE, Switzerland, single signature, Appointment: 10.12.2007

Vice-Director                               Radu Vernescu, Origin: Genève, Switzerland, Address: 1009 Pully/VD, Switzerland, single signature

Vice-Director                               Lloyd Wantschek , Origin: United Kingdom, Address: Genève/GE, Switzerland, single signature, Appointment: 11.12.2009

Vice-Director                               Jeremy Broome , Origin: United Kingdom, Address: Meinier, Switzerland, single signature

Vice-Director                               John Brunton , Origin: United Kingdom, Address: Genève/GE, Switzerland, single signature

Vice-Director                               Jeremy Bryan , Origin: Netherlands, Address: Collonge-Bellerive , Switzerland, single signature, Appointment: 31.01.2001

Vice-Director                               Peter Ensink, Origin: Netherlands, Address: Genève/GE, Switzerland, single signature, Appointment: 17.12.2001

Vice-Director                               Fausto Filice, Origin: Italy, Address: Troinex, Switzerland, single signature

Vice-Director                               Nicola Jarvis, Origin: United Kingdom, Address: Veigy-Foncenex, France, single signature, Appointment: 12.12.2006

Vice-Director                               Stefan Leenen, Origin: Netherlands, Address: Carouge/GE, Switzerland, single signature, Appointment: 16.02.2008

Vice-Director                               Samuel Schmid , Origin: St. Gallen, Switzerland, Address: Genolier, Switzerland, single signature

Vice-Director                               Stefano Tonti , Origin: Italy, Address: Genève/GE, Switzerland, single signature

Vice-Director                               Jan Dieleman, Origin: Netherlands, Address: Genève/GE, Switzerland, single signature, Appointment: 12.12.2006

Vice-Director                               Andrew James, Origin: United Kingdom, Address: Pont-de-Fillinges, France, single signature, Appointment: 02.01.2004

Vice-Director                               Adam Birkett , Origin: United Kingdom, Address: Crozet, France, single signature, Appointment: 12.12.2006

Vice-Director                               Alex Sanfeliu , Origin: Spain, Address: Troinex, Switzerland, single signature, Appointment: 02.01.2004

Vice-Director                               Timothy Turney, Origin: United Kingdom, Address: Carouge/GE, Switzerland, single signature

Vice-Director                               Michel Meyer, Origin: France, Address: Genève/GE, Switzerland, single signature

Vice-Director                               Roger Janson, Origin: Netherlands, Address: Genève/GE, Switzerland, single signature, Appointment: 31.01.2001

Vice-Director                               Bradley Hibbs, Origin: United States of America, Address: Chêne-Bourg, Switzerland, single signature, Appointment: 14.12.2005

Vice-Director                               Françoise Deshusses , Origin: Corsier, Switzerland, Address: Genève/GE, Switzerland, single signature, Appointment: 31.01.2001

Vice-Director                               John Andrew Barker , Origin: United Kingdom, Address: Veyrier, Switzerland, single signature

Vice-Director                               Vanessa Ballard , Origin: United Kingdom, Address: Genève/GE, Switzerland, single signature, Appointment: 11.12.2009

Vice-Director                               Torben Andreasen , Origin: Denmark, Address: Genève/GE, Switzerland, single signature, Appointment: 10.12.2007

Vice-Director                               Scott Naatjes, Origin: United States of America, Address: Lakeville, United States of America, single signature, Appointment: 14.04.2009

Vice-Director                               Paul Webborn, Origin: United Kingdom, Address: Beaumont, France, single signature, Appointment: 02.01.2004

Vice-Director                               Daudi Lelijveld, Origin: Netherlands, Address: Veigy-Foncenex, France, single signature, Appointment: 12.12.2006

Vice-Director                               Olivier Demierre, Origin: Billens, Switzerland, Address: Genève/GE, Switzerland, single signature, Appointment: 11.12.2002

Vice-Director                               Cédric Grandjean, Origin: Bellerive, Switzerland, Address: Genève/GE, Switzerland, single signature, Appointment: 11.12.2002

Vice-Director                               Frank Stalhandske, Origin: Sweden, Address: Carouge, Switzerland, single signature, Appointment: 31.01.2001

Vice-Director                               Alain Delachaux-dit-GAy, Origin: Le Locle, Switzerland, Address: Onex, Switzerland, single signature

Vice-Director                               Dominique Le Doeuil , Origin: France, Address: Carouge, Switzerland, single signature, Appointment: 29.08.2008

Vice-Director                               Yannick Lecamp, Origin: France, Address: Veyrier, Switzerland, single signature

Vice-Director                               Mehmet Tosun , Origin: Turkey, Address: 1200 Genève/GE, Switzerland, single signature, Appointment: 19.11.2010

Vice-Director                               Richard Payne , Origin: United Kingdom, Address: 1200 Genève/GE, Switzerland, single signature, Appointment: 19.11.2010

Vice-Director                               Patrice Bougault , Origin: France, Address: Ornex, France, single signature, Appointment: 10.12.2007

Vice-Director                               Niels Den Nijs, Origin: Netherlands, Address: Genève /GE, Switzerland, single signature, Appointment: 19.02.2010

Vice-Director                               Michael Dwyer , Origin: United Kingdom, Address: Genève /GE, Switzerland, single signature, Appointment: 11.12.2002

Vice-Director                               Michal Godyn , Origin: Plan-les-Ouates, Switzerland, Address: 1227 Carouge/GE, Switzerland, single signature, Appointment: 10.12.2007

Vice-Director                               Olivier Josse , Origin: France, Address: Pers-Jussy, France, single signature

Vice-Director                               Alex Leite , Origin: Brazil, Address: 1200 Genève/GE, Switzerland, single signature, Appointment: 10.12.2007

Vice-Director                               Santiago Torres , Origin: Uruguay, Address: Genève , Switzerland, single signature, Appointment: 16.02.2008

Vice-Director                               Helene Ziv-Douki, Origin: France, Address: Genève , Switzerland, single signature, Appointment: 16.02.2008

Member with procuration              Jamie Mckenzie, Origin: United Kingdom, Address: Le Vaud, Switzerland, single power of attorney, Appointment: 17.02.2011

Member with procuration              Raymond Hall, Origin: United States of America, Address: Genève/GE, Switzerland, single power of attorney, Appointment: 17.02.2011

Member with procuration              Damien Hiroux, Origin: Belgium, Address: Thônex, Switzerland, single power of attorney, Appointment: 17.02.2011

 

 

Executive board

 

Title                                           Name

Chief Financial Officer                  Norman Hay

Chief Business Segment Officer    Thomas Intrator

Chief Business Segment Officer    Jean-Olivier Kerr

Chief Business Segment Officer    Andreas Rickmers

Chief Business Segment Officer    Patrick Bracken

Chief Business Segment Officer    David Gabriel

Chief Business Segment Officer    Gerrit-Jan Van den Akker

Chief Business Segment Officer      Hans U. Rueedi

 

 

Financial Data Cargill International Ltd

 

Consolidation:               unconsolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.05.2009        31.05.2008        31.05.2007        31.05.2006        31.05.2005

Number of months:                                       12                    12                    12                    12                    12

Currency:                                                mil. CHF           mil. CHF           mil. CHF           mil. CHF           mil. CHF

 

Operating revenue                                        30'000.0            34'600.0            25'699.0            22'333.0            18'275.0

Capital                                                            183.0                183.0                183.0                183.0                183.0

 

Employees  at year end                                      600                   600                  550                   500                  475

Employees inland                                               600                   600                  550                   500                  475

Employees abroad                                                 0                      0                      0                      0                      0

 

 

Financial Data Cargill Group

 

Consolidation:               consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.05.2010        31.05.2009        31.05.2008        31.05.2007        31.05.2006

Number of months:                                       12                    12                    12                    12                    12

Currency:                                                mil. USD           mil. USD           mil. USD           mil. USD           mil. USD

 

Operating revenue                                      107'882.0          115'059.0          119'011.0            88'266.0            75'208.0

Operating result                                             4'630.0              6'679.0

Result before minority interests                       2'603.0              3'334.0             3'951.0              2'343.0             1'727.0

Total shareholders equity                              26'585.0            24'976.0            23'137.0            18'715.0            15'990.0

Total assets                                                60'847.0            62'905.0            74'312.0            58'469.0            47'337.0

 

Employees  at year end                                 131'000             159'000             158'500             158'000

 

 

Ultimate Parent Company

 

Name:                            Cargill Incorporated

City/Country:                   Wayzata, United States of America/US

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Cargill Incorporated

City/Country:                 Wayzata, United States of America/US

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                          Arlon Group (Europe) SA

City/Country:                 Fribourg, Switzerland/CH

 

Name:                          Cargill Services Switzerland SARL

City/Country:                 Genève, Switzerland/CH

 

Name:                          Cerestar Holding BV

City/Country:                 Mechelen, Belgium/BE

 

Name:                          Provimi Kliba S.A.

City/Country:                 Penthalaz, Switzerland/CH

 

 

Investments

 

Class:                          100%

Name:                          Blattmann Schweiz AG

City/Country:                 Wädenswil, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Legal Actions

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Credit Information

 

Financial Situation:        The financial situation is good.

 

Payment experiences:   Payment habits are considered good.

 

Maximum Credit:           CHF 25'000'000

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.28

UK Pound

1

Rs.73.30

Euro

1

Rs.63.61

 

 

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.