|
Report No. : |
317168 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
CARGILL, INCORPORATED |
|
|
|
|
Registered Office : |
15407 Mc Ginty Road West, Minneapolis, MN 55440 |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Year of Establishment : |
1865 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Produces and Markets Food and Agricultural Products; and Provides Financial
and Industrial Products and Services. |
|
|
|
|
No. of Employees : |
142,000 |
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 |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the largest and
most technologically powerful economy in the world, with a per capita GDP of
$49,800. In this market-oriented economy, private individuals and business
firms make most of the decisions, and the federal and state governments buy needed
goods and services predominantly in the private marketplace. US business firms
enjoy greater flexibility than their counterparts in Western Europe and Japan
in decisions to expand capital plant, to lay off surplus workers, and to
develop new products. At the same time, they face higher barriers to enter
their rivals' home markets than foreign firms face entering US markets. US
firms are at or near the forefront in technological advances, especially in
computers and in medical, aerospace, and military equipment; their advantage
has narrowed since the end of World War II. The onrush of technology largely
explains the gradual development of a "two-tier labor market" in
which those at the bottom lack the education and the professional/technical
skills of those at the top and, more and more, fail to get comparable pay
raises, health insurance coverage, and other benefits. Since 1975, practically
all the gains in household income have gone to the top 20% of households. Since
1996, dividends and capital gains have grown faster than wages or any other
category of after-tax income. Imported oil accounts for nearly 55% of US
consumption. Crude oil prices doubled between 2001 and 2006, the year home
prices peaked; higher gasoline prices ate into consumers' budgets and many
individuals fell behind in their mortgage payments. Oil prices climbed another
50% between 2006 and 2008, and bank foreclosures more than doubled in the same
period. Besides dampening the housing market, soaring oil prices caused a drop
in the value of the dollar and a deterioration in the US merchandise trade
deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis,
falling home prices, investment bank failures, tight credit, and the global
economic downturn pushed the United States into a recession by mid-2008. GDP
contracted until the third quarter of 2009, making this the deepest and longest
downturn since the Great Depression. To help stabilize financial markets, in
October 2008 the US Congress established a $700 billion Troubled Asset Relief
Program (TARP). The government used some of these funds to purchase equity in
US banks and industrial corporations, much of which had been returned to the
government by early 2011. In January 2009 the US Congress passed and President
Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus
to be used over 10 years - two-thirds on additional spending and one-third on
tax cuts - to create jobs and to help the economy recover. In 2010 and 2011,
the federal budget deficit reached nearly 9% of GDP. In 2012 the federal
government reduced the growth of spending and the deficit shrank to 7.6% of
GDP. Wars in Iraq and Afghanistan required major shifts in national resources
from civilian to military purposes and contributed to the growth of the budget
deficit and public debt. Through 2011, the direct costs of the wars totaled
nearly $900 billion, according to US government figures. US revenues from taxes
and other sources are lower, as a percentage of GDP, than those of most other
countries. In March 2010, President OBAMA signed into law the Patient
Protection and Affordable Care Act, a health insurance reform that was designed
to extend coverage to an additional 32 million American citizens by 2016,
through private health insurance for the general population and Medicaid for
the impoverished. Total spending on health care - public plus private - rose
from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed
the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed
to promote financial stability by protecting consumers from financial abuses,
ending taxpayer bailouts of financial firms, dealing with troubled banks that
are "too big to fail," and improving accountability and transparency
in the financial system - in particular, by requiring certain financial
derivatives to be traded in markets that are subject to government regulation
and oversight. In December 2012, the Federal Reserve Board (Fed) announced
plans to purchase $85 billion per month of mortgage-backed and Treasury
securities in an effort to hold down long-term interest rates, and to keep
short term rates near zero until unemployment drops below 6.5% or inflation
rises above 2.5%. In late 2013, the Fed announced that it would begin scaling
back long-term bond purchases to $75 billion per month in January 2014 and
reduce them further as conditions warranted; the Fed, however, would keep
short-term rates near zero so long as unemployment and inflation had not
crossed the previously stated thresholds. Long-term problems include stagnation
of wages for lower-income families, inadequate investment in deteriorating
infrastructure, rapidly rising medical and pension costs of an aging
population, energy shortages, and sizable current account and budget deficits.
|
Source
: CIA |
Your order on: CARGILL COTTON
This is a business name registered in Tennessee on March 4, 2002 under
ID# X00405307, owned by:
Company name: CARGILL, INCORPORATED
Address: 15407
Mc Ginty Road West, Minneapolis, MN 55440 - USA
Telephone: +1
952-742-7575
Fax: +1 952-742-7393
Website: www.cargill.com
Corporate ID#: 0286124
State: Delaware
Judicial form: Corporation – Profit
Date incorporated: 07-18-1930
Date founded: 1865
Stock value: 400,000
shares preferred at USD 50=
10,000 shares preferred non-voting at
USD 50=
1,585,200,000
shares common at USD 0.01=
Name of manager: Gregory
R. PAGE
Business:
Cargill, Incorporated produces and markets food and agricultural products;
and provides financial and industrial products and services.
It offers animal nutrition and feed, ingredients, and pet food to
commercial producers; trading and processing services for commodities, such as grains
and oilseeds, cotton, sugar, and steel and ferrous; farmer services, such as
grain marketing, crop protection and inputs, agronomy advisory, growing
programs, and silo management; and energy trading, and risk and supply chain
management services for power, natural gas, coal, emissions and carbon, and
petroleum markets.
The company also provides risk management, investment, and financial
solutions for food, financial, and energy customers; biodiesel and ethanol from
feedstock; natural viscosity management and texturizing agents, including
hydrocolloids, polyols, phospholipids, starches, and derivatives for personal
care applications; egg and breakfast, beef, pork, and turkey products; oils and
shortenings; and dressings and sauces.
In addition, it offers starches and additives, natural oils,
emulsifiers, lubricants, non-toxic thickeners, viscosifiers, natural oil
lubricants, deicing equipment, and polyols; and sweetening and coating agents,
excipients, base ingredients, lecithins and phospholipids, pyrogen-free
products, and absorbing and gelling agents for pharmaceutical applications.
Further, the company provides salt for food, water conditioning, industrial,
agricultural, and packaged deicing markets; and ocean transportation and
freight services, including chartering, trading, logistics, operations, and
risk management.
The company was formerly known as Cargill Elevator Company and changed
its name to Cargill, Incorporated in 1930.
Cargill, Incorporated was founded in 1865 and is based in Wayzata,
Minnesota.
The Company is also doing business as:
- CARGILL COTTON
- COTTON TRADE WAREHOUSE
Office of the Foreign
Assets Control (OFAC):
The company is not listed on the OFAC list.
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.
EIN: 41-0177680
Staff: 142,000
Operations & branches:
At the headquarters, we
find the corporate headquarters of the group, which maintains several branches
in the U.S. and worldwide, including the one located 7101 Goodlett Farms
Parkway, Cordova, TN 38016.
Shareholders:
Descendants of the founding
Cargill and MacMillan families own about
85% of the stock.
Management:
David W. MacLENNAN has been Chief Executive Officer and President of
Cargill, Incorporated since December 1, 2013 and June 2011 respectively. Mr.
MacLennan serves as President and Chief Operating Officer of Cargill Meats
Thailand Limited and Cargill Australia Limited. Mr. MacLennan serves as
President and Chief Executive Officer of Cargill Agrícola S.A and served as its
Chief Operating Officer. He served as Corporate Vice President of Cargill, Inc.
(Cargill SA/NV) and N.V. Cargill. He served as an Interim Chief Financial
Officer of Cargill, Incorporated from November 2012 to April 15, 2013. Mr.
MacLennan served as the Chief Operating Officer of Cargill, Incorporated from
June 2011 to December 1, 2013. Mr. MacLennan worked at U.S. BanCorp. Piper
Jaffray Companies. He served as Chief Financial Officer of Cargill, Inc. from
May 16, 2008 to 2011 and also served as its Senior Vice President. Mr.
MacLennan served as an Executive Vice President and Chief Financial Officer of
Cargill Financial Services Corporation (CFSC), a wholly owned subsidiary of
Cargill Inc., which conducts business in 25 countries and is the proprietary
investment arm of Cargill Inc. He was based in London as Managing Director of
Cargill's European Value Investment Group and was responsible for investments
and trading in Syndicated and Reorganized Bank Debt, Real Estate and
Non-Performing Consumer Receivables in Europe. He joined Cargill in 1991 and
served various management positions within Cargill, both in the US and abroad,
including within the financial and risk management, energy and animal protein
businesses. Mr. MacLennan served as Vice President and Manager of the North
American Real Estate and Asset Investment and Finance groups and based in
Minneapolis. He serves as Chairman of Youth Frontiers and a Director of
Admission Possible, both Minneapolis-based nonprofit organizations.
He has been a Director of CH Robinson Worldwide Inc. since August 12,
2010 and Cargill, Incorporated since June 2011.
He serves as a Director of the Bond Market Association and a Director of
First City Financial Corp. Mr. MacLennan served as a Director of Wrightwood
Capital.
Mr. MacLennan holds an M.B.A in Finance from the University of Chicago
and a B.A in English from Amherst College.
Gregory R. PAGE is the Chairman.
Marcel H.M. SMITS is the CFO.
Subsidiaries and
partnership:
There are several subsidiaries including:
Banks Cargill Agriculture Ltd.
North Star BlueScope Steel LLC
The Company reported the
following consolidated financials:
(fiscal year ending May)
|
Dollars in
millions |
2014 |
2013 |
2012 |
2011 |
2010 |
|
Sales & other revenues |
$134,872 |
$136,654 |
$133,859 |
$119,469 |
$101,308 |
|
Net earnings |
1,870 |
2,312 |
1,175 |
2,693 1 |
2,068 |
|
|
|
|
|
|
|
|
Current assets |
37,926 |
37,198 |
40,440 |
51,637 |
34,978 |
|
Net property & other assets |
24,403 |
22,682 |
22,142 |
20,657 |
25,869 |
|
Total assets |
62,329 |
59,880 |
62,582 |
72,294 |
60,847 |
|
|
|
|
|
|
|
|
Current noninterest-bearing liabilities |
15,946 |
15,204 |
16,836 |
19,019 |
14,601 |
|
Debt |
14,150 |
13,318 |
15,209 |
22,492 |
15,154 |
|
Other liabilities |
4,002 |
4,242 |
4,126 |
3,586 |
4,507 |
|
Total stockholders' equity |
28,231 |
27,116 |
26,411 |
27,197 |
26,585 |
|
Total liabilities & stockholders' equity |
62,329 |
59,880 |
62,582 |
72,294 |
60,847 |
On April 8, 2015, Cargill reported earnings results for the third quarter
and nine months ended February 28, 2015. For the quarter, the company reported
net earnings of $425 million, a 33% increase from $319 million in the year-ago
period. Revenues decreased 11% to $28.4 billion.
For nine months, the company reported net earnings of $1.63 billion, up
13% from last year.
Revenues totaled $91.97 billion.
Banks: Bank of America
JPMorgan Chase Bank
Legal filings
& complaints:
As of today date, there are several legal filing pending with various
Courts.
Secured debts
summary (UCC):
Numerous in various States.