MIRA
INFORM REPORT
|
Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
BUNGE AGRITRADE S.A. |
|
|
|
|
Registered Office : |
Brigadier General Juan Antonio Lavalleja Ruta 8 9065
Edificio Arroba2 Montevideo, 91600 |
|
|
|
|
Country : |
Uruguay |
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Manufacturer of Food Products |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
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|
|
|
Litigation : |
-- |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Uruguay |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
URUGUAY - ECONOMIC OVERVIEW
Uruguay has a free market economy characterized by an
export-oriented agricultural sector, a well-educated work force, and high
levels of social spending. Following financial difficulties in the late 1990s
and early 2000s, economic growth for Uruguay averaged 8% annually during the
period 2004-08. The 2008-09 global financial crisis put a brake on Uruguay''s
vigorous growth, which decelerated to 2.6% in 2009. Nevertheless, the country
managed to avoid a recession and keep positive growth rates, mainly through
higher public expenditure and investment, and GDP growth reached 8.9% in 2010
but fell to about 3.5% in 2012, the result of a renewed slowdown in the global
economy and in Uruguay''s main trade partners and Common Market of the South
(Mercosur) counterparts, Argentina and Brazil. Uruguay has sought to expand
trade within Mercosur and with non-Mercosur members. Uruguay''s total
merchandise trade with Mercosur since 2006 has increased by nearly 70% to more
than $5 billion while its total trade with the world has almost doubled to
roughly $20 billion.
|
Source
: CIA |
Company name and address
BUNGE AGRITRADE S.A.
|
Brigadier General Juan Antonio Lavalleja Ruta 8 9065
Edificio Arroba2 Montevideo, 91600 Uruguay
|
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||||||||||||||||||||||
Business Description
Food Products Mfr
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
|
|
NAICS 2002: |
|
|
UK SIC 2003: |
|
|
UK SIC 2007: |
4621 -
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds |
|
US SIC 1987: |
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate:
USD 1 = USD 1
|
|
|
|
|
|
ANZSIC 2006 Codes: |
||
|
3312 |
- |
Cereal Grain Wholesaling |
|
NACE 2002 Codes: |
||
|
5121 |
- |
Wholesale of grain, seeds and animal feeds |
|
NAICS 2002 Codes: |
||
|
424510 |
- |
Grain and Field Bean Merchant Wholesalers |
|
US SIC 1987: |
||
|
5153 |
- |
Grain and Field Beans |
|
UK SIC 2003: |
||
|
5121 |
- |
Wholesale of grain, seeds and animal feeds |
|
UK SIC 2007: |
||
|
4621 |
- |
Wholesale of grain, unmanufactured tobacco, seeds and
animal feeds |
Food Products Mfr
Corporate
Family
Corporate Structure News
Total Corporate Family Members: 179
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
White Plains, NY |
United States |
Food Processing |
60,991.0 |
36,000 |
|
|
Asset/product line purchase pending.See corporate
structure news on Bunge Ltd for details |
||||||
|
Subsidiary |
Neuilly-sur-Seine |
France |
Food Processing |
|
5,751 |
|
|
Subsidiary |
Oakville, ON |
Canada |
Food Processing |
|
150 |
|
|
Branch |
Hamilton, ON |
Canada |
Food Processing |
179.6 |
120 |
|
|
Branch |
Nipawin, SK |
Canada |
Food Processing |
115.7 |
80 |
|
|
Branch |
Russell, MB |
Canada |
Food Processing |
66.8 |
60 |
|
|
Branch |
Edmonton, AB |
Canada |
Miscellaneous Capital Goods |
31.8 |
60 |
|
|
Branch |
Fort Saskatchewan, AB |
Canada |
Food Processing |
185.5 |
53 |
|
|
Branch |
Saint-Hyacinthe, QC |
Canada |
Chemical Manufacturing |
30.9 |
35 |
|
|
Branch |
Wainwright, AB |
Canada |
Food Processing |
15.6 |
29 |
|
|
Branch |
Quebec, QC |
Canada |
Miscellaneous Transportation |
1.0 |
7 |
|
|
Branch |
Saint-Jean-Sur-Richelieu, QC |
Canada |
Crops |
22.1 |
6 |
|
|
Branch |
Saint-Lambert-De-Lauzon, QC |
Canada |
Crops |
21.9 |
6 |
|
|
Branch |
Sainte-Madeleine, QC |
Canada |
Crops |
18.6 |
5 |
|
|
Branch |
Humboldt, SK |
Canada |
Miscellaneous Transportation |
0.6 |
4 |
|
|
Branch |
Humboldt, SK |
Canada |
Miscellaneous Transportation |
0.6 |
4 |
|
|
Branch |
Richmond, BC |
Canada |
Food Processing |
3.4 |
3 |
|
|
Branch |
Winnipeg, MB |
Canada |
Food Processing |
1.6 |
3 |
|
|
Branch |
Sainte-Elisabeth, QC |
Canada |
Crops |
7.3 |
2 |
|
|
Branch |
Bedford, NS |
Canada |
Food Processing |
1.5 |
1 |
|
|
Branch |
Osler, SK |
Canada |
Food Processing |
0.5 |
1 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Crops |
2,333.8 |
1,000 |
|
|
Subsidiary |
Saint Louis, MO |
United States |
Crops |
37.8 |
500 |
|
|
Branch |
Decatur, IN |
United States |
Food Processing |
9.8 |
215 |
|
|
Branch |
Destrehan, LA |
United States |
Food Processing |
1,068.5 |
200 |
|
|
Branch |
Council Bluffs, IA |
United States |
Food Processing |
385.9 |
200 |
|
|
Branch |
Bellevue, OH |
United States |
Food Processing |
257.4 |
150 |
|
|
Branch |
Decatur, AL |
United States |
Food Processing |
28.3 |
122 |
|
|
Branch |
Kearny, NJ |
United States |
Food Processing |
119.5 |
70 |
|
|
Branch |
Osceola, AR |
United States |
Crops |
7.3 |
20 |
|
|
Division |
Morristown, IN |
United States |
Crops |
|
20 |
|
|
Branch |
Cincinnati, OH |
United States |
Crops |
1.5 |
18 |
|
|
Branch |
Bradley, IL |
United States |
Crops |
1.4 |
17 |
|
|
Branch |
Marion, OH |
United States |
Crops |
1.4 |
17 |
|
|
Division |
Pawtucket, RI |
United States |
Food Processing |
1.4 |
17 |
|
|
Branch |
Lake Providence, LA |
United States |
Miscellaneous Transportation |
2.7 |
15 |
|
|
Branch |
Rosedale, MS |
United States |
Crops |
1.4 |
15 |
|
|
Branch |
Sherrill, AR |
United States |
Miscellaneous Transportation |
0.9 |
15 |
|
|
Division |
Fulton, IL |
United States |
Crops |
|
14 |
|
|
Branch |
La Grange, MO |
United States |
Miscellaneous Transportation |
1.2 |
7 |
|
|
Branch |
Hull, IL |
United States |
Miscellaneous Transportation |
1.1 |
7 |
|
|
Branch |
Lisle, IL |
United States |
Chemical Manufacturing |
11.2 |
5 |
|
|
Branch |
Burnsville, MN |
United States |
Food Processing |
7.2 |
5 |
|
|
Branch |
Mayersville, MS |
United States |
Miscellaneous Transportation |
0.5 |
4 |
|
|
Branch |
Little Rock, AR |
United States |
Airlines |
0.7 |
3 |
|
|
Branch |
Augusta, AR |
United States |
Trucking |
0.4 |
3 |
|
|
Branch |
Darrow, LA |
United States |
Miscellaneous Transportation |
0.2 |
1 |
|
|
Subsidiary |
St Louis, MO |
United States |
Food Processing |
|
450 |
|
|
Branch |
Danville, IL |
United States |
Crops |
804.9 |
300 |
|
|
Subsidiary |
Atchison, KS |
United States |
Food Processing |
274.5 |
97 |
|
|
Branch |
Cairo, IL |
United States |
Food Processing |
299.7 |
81 |
|
|
Branch |
Emporia, KS |
United States |
Food Processing |
333.4 |
75 |
|
|
Branch |
Delphos, OH |
United States |
Food Processing |
87.5 |
51 |
|
|
Branch |
Marks, MS |
United States |
Food Processing |
5.0 |
3 |
|
|
Subsidiary |
St Louis, MO |
United States |
Miscellaneous Transportation |
|
425 |
|
|
Branch |
Morristown, IN |
United States |
Miscellaneous Transportation |
14.5 |
100 |
|
|
Branch |
Grand Tower, IL |
United States |
Miscellaneous Transportation |
10.2 |
65 |
|
|
Branch |
Caruthersville, MO |
United States |
Miscellaneous Transportation |
2.6 |
15 |
|
|
Branch |
Shawneetown, IL |
United States |
Miscellaneous Transportation |
2.4 |
15 |
|
|
Branch |
Chicago, IL |
United States |
Miscellaneous Transportation |
2.4 |
15 |
|
|
Branch |
Osceola, AR |
United States |
Miscellaneous Transportation |
1.8 |
14 |
|
|
Branch |
Augusta, AR |
United States |
Miscellaneous Transportation |
1.5 |
12 |
|
|
Branch |
Mc Gregor, IA |
United States |
Miscellaneous Transportation |
1.4 |
11 |
|
|
Branch |
Memphis, TN |
United States |
Miscellaneous Transportation |
1.3 |
11 |
|
|
Branch |
Waterloo, IN |
United States |
Miscellaneous Transportation |
1.4 |
10 |
|
|
Branch |
Helena, AR |
United States |
Miscellaneous Transportation |
1.3 |
10 |
|
|
Branch |
Greenville, MS |
United States |
Miscellaneous Transportation |
1.1 |
10 |
|
|
Branch |
Portageville, MO |
United States |
Miscellaneous Transportation |
1.6 |
9 |
|
|
Branch |
Louisiana, MO |
United States |
Miscellaneous Transportation |
1.6 |
9 |
|
|
Branch |
Hull, IL |
United States |
Miscellaneous Transportation |
1.4 |
9 |
|
|
Branch |
Blytheville, AR |
United States |
Miscellaneous Transportation |
1.0 |
8 |
|
|
Branch |
Vidalia, LA |
United States |
Miscellaneous Transportation |
1.3 |
7 |
|
|
Branch |
Jonesville, LA |
United States |
Miscellaneous Transportation |
1.3 |
7 |
|
|
Branch |
Mermentau, LA |
United States |
Miscellaneous Transportation |
1.3 |
7 |
|
|
Branch |
Wareham, MA |
United States |
Miscellaneous Transportation |
0.9 |
7 |
|
|
Branch |
Yazoo City, MS |
United States |
Miscellaneous Transportation |
0.8 |
7 |
|
|
Branch |
Vicksburg, MS |
United States |
Miscellaneous Transportation |
0.8 |
7 |
|
|
Branch |
St Joseph, LA |
United States |
Miscellaneous Transportation |
1.1 |
6 |
|
|
Branch |
Jennings, LA |
United States |
Miscellaneous Transportation |
1.1 |
6 |
|
|
Branch |
Arkansas City, AR |
United States |
Miscellaneous Transportation |
0.8 |
6 |
|
|
Branch |
Lettsworth, LA |
United States |
Miscellaneous Transportation |
0.9 |
5 |
|
|
Branch |
Hickman, KY |
United States |
Miscellaneous Transportation |
0.8 |
5 |
|
|
Branch |
Burlington, IA |
United States |
Miscellaneous Transportation |
0.6 |
5 |
|
|
Branch |
Des Arc, AR |
United States |
Miscellaneous Transportation |
0.6 |
5 |
|
|
Branch |
St Charles, AR |
United States |
Miscellaneous Transportation |
0.6 |
5 |
|
|
Branch |
Dyersburg, TN |
United States |
Miscellaneous Transportation |
0.6 |
5 |
|
|
Branch |
Jonesville, LA |
United States |
Miscellaneous Transportation |
0.7 |
4 |
|
|
Branch |
Poplar Bluff, MO |
United States |
Miscellaneous Transportation |
0.7 |
4 |
|
|
Branch |
Newport, AR |
United States |
Miscellaneous Transportation |
0.5 |
4 |
|
|
Branch |
Blytheville, AR |
United States |
Miscellaneous Transportation |
0.4 |
3 |
|
|
Branch |
Finley, TN |
United States |
Miscellaneous Transportation |
0.4 |
3 |
|
|
Branch |
Owensboro, KY |
United States |
Miscellaneous Transportation |
1.1 |
2 |
|
|
Branch |
Harrisburg, IL |
United States |
Miscellaneous Transportation |
0.3 |
2 |
|
|
Branch |
Brownville, NE |
United States |
Miscellaneous Transportation |
0.3 |
2 |
|
|
Branch |
Grady, AR |
United States |
Miscellaneous Transportation |
0.3 |
2 |
|
|
Branch |
Gunnison, MS |
United States |
Miscellaneous Transportation |
0.2 |
2 |
|
|
Branch |
Mc Leansboro, IL |
United States |
Miscellaneous Transportation |
0.2 |
1 |
|
|
Branch |
Clarendon, AR |
United States |
Miscellaneous Transportation |
0.1 |
1 |
|
|
Subsidiary |
Mannheim, Baden-WĂ¼rttemberg |
Germany |
Crops |
431.4 |
180 |
|
|
Subsidiary |
Hilter Am Teutoburger Wald, Niedersachsen |
Germany |
Food Processing |
182.9 |
260 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Food Processing |
1,932.6 |
40 |
|
|
Subsidiary |
Hilter Am Teutoburger Wald, Niedersachsen |
Germany |
Food Processing |
53.9 |
3 |
|
|
Subsidiary |
Singapore |
Singapore |
Crops |
2,927.9 |
100 |
|
|
Subsidiary |
White Plains, NY |
United States |
Crops |
|
100 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
28.5 |
80 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
27.2 |
69 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
28.4 |
175 |
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
80 |
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Investment Services |
0.0 |
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Investment Services |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
6.9 |
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Investment Services |
|
|
|
|
Climate
Change Capital Private Equity Co-Investment (Gp) Ltd. |
Subsidiary |
London |
United Kingdom |
Investment Services |
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
0.0 |
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Sant Just Desvern |
Spain |
Crops |
|
80 |
|
|
Subsidiary |
Lille |
France |
Food Processing |
1.1 |
34 |
|
|
Subsidiary |
Saint Louis, MO |
United States |
Crops |
|
31 |
|
|
Branch |
Crete, NE |
United States |
Food Processing |
256.3 |
150 |
|
|
Branch |
Fithian, IL |
United States |
Food Processing |
7.6 |
3 |
|
|
Subsidiary |
Coral Gables, FL |
United States |
Business Services |
|
21 |
|
|
Subsidiary |
White Plains, NY |
United States |
Crops |
|
17 |
|
|
Subsidiary |
Rotterdam |
Netherlands |
Crops |
|
15 |
|
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Personal Services |
|
13 |
|
|
Subsidiary |
Caparica, SetĂºbal |
Portugal |
Food Processing |
89.1 |
11 |
|
|
Subsidiary |
Dalian |
China |
Crops |
|
10 |
|
|
Subsidiary |
Morristown, IN |
United States |
Crops |
|
8 |
|
|
Subsidiary |
South Melbourne, VIC |
Australia |
Crops |
|
8 |
|
|
Subsidiary |
Rotterdam |
Netherlands |
Crops |
|
7 |
|
|
Subsidiary |
St Louis, MO |
United States |
Food Processing |
|
5 |
|
|
Branch |
Bradley, IL |
United States |
Food Processing |
529.7 |
300 |
|
|
Branch |
Bradley, IL |
United States |
Food Processing |
529.7 |
300 |
|
|
Branch |
Fort Worth, TX |
United States |
Food Processing |
15.1 |
5 |
|
|
Subsidiary |
St Louis, MO |
United States |
Oil and Gas Operations |
|
5 |
|
|
Subsidiary |
White Plains, NY |
United States |
Investment Services |
|
2 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
3.1 |
1 |
|
|
Subsidiary |
London |
United Kingdom |
Crops |
66.0 |
4 |
|
|
Subsidiary |
Rotterdam |
Netherlands |
Crops |
|
|
|
|
Subsidiary |
Kruszwica |
Poland |
Food Processing |
789.4 |
1,168 |
|
|
Subsidiary |
Budapest |
Hungary |
Food Processing |
603.2 |
433 |
|
|
Subsidiary |
Istanbul |
Turkey |
Food Processing |
|
235 |
|
|
Subsidiary |
Ravenna |
Italy |
Crops |
726.9 |
180 |
|
|
Branch |
Ravenna, Ravenna |
Italy |
Food Processing |
|
|
|
|
Subsidiary |
Karczew |
Poland |
Food Processing |
42.9 |
150 |
|
|
Subsidiary |
Geneva |
Switzerland |
Crops |
|
75 |
|
|
Subsidiary |
Kyiv |
Ukraine |
Food Processing |
467.5 |
|
|
|
Dnipropetrovsk
Oil Extraction Plant Private Joint Stock Company With Foreign Investment |
Subsidiary |
Dnipropetrovsk |
Ukraine |
Food Processing |
37.8 |
|
|
Subsidiary |
Kruszwica |
Poland |
Food Processing |
15.4 |
50 |
|
|
Subsidiary |
Santos, SP |
Brazil |
Miscellaneous Transportation |
|
|
|
|
Branch |
Paranagua, Parana |
Brazil |
Water Transportation |
|
200 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Crops |
|
|
|
|
Subsidiary |
Tatabanya |
Hungary |
Crops |
|
|
|
|
Subsidiary |
Montevideo |
Uruguay |
Crops |
|
|
|
|
Subsidiary |
Buenos Aires |
Argentina |
Crops |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Crops |
|
|
|
|
Subsidiary |
Nicosia |
Cyprus |
Crops |
|
|
|
|
Subsidiary |
St-Tsa Kholmskaya |
Russian Federation |
Miscellaneous Transportation |
1.9 |
142 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Food Processing |
735.6 |
|
|
|
Subsidiary |
Rostov-On-Don |
Russian Federation |
Miscellaneous Transportation |
2.7 |
61 |
|
|
Subsidiary |
Bogota |
Colombia |
Crops |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Crops |
|
|
|
|
Subsidiary |
Oakville, ON |
Canada |
Crops |
|
|
|
|
Subsidiary |
Nanjing, Jiangsu |
China |
Food Processing |
|
|
|
|
Subsidiary |
White Plains, NY |
United States |
Business Services |
|
|
|
|
Subsidiary |
Kruszwica |
Poland |
Crops |
|
|
|
|
Subsidiary |
White Plains, NY |
United States |
Crops |
|
|
|
|
Subsidiary |
Saint Nazaire |
France |
Crops |
|
|
|
|
Subsidiary |
St Nazaire |
France |
Crops |
1,005.9 |
7 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.74 |
|
|
1 |
Rs.91.99 |
|
Euro |
1 |
Rs.78.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.