|
Report No. : |
317170 |
|
Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LOUIS DREYFUS COMMODITIES SUISSE SA |
|
|
|
|
Registered Office : |
Route de l'Aéroport 29, 1218 Le
Grand-Saconnex/GE, Switzerland/CH |
|
|
|
|
Country : |
Switzerland
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
1851 |
|
|
|
|
Com. Reg. No.: |
660.0.971.006-5 |
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|
|
|
Legal Form : |
Company limited by shares |
|
|
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Line of Business : |
The activities include the trade of commodities such as grains,
oilseeds, rice, sugar, ethanol, coffee and cotton. Products: - Soybeans, soybean meal, soybean oil,
refined soybean oil - Rapeseed, rapeseed meal, rapeseed oil,
refined rapeseed oil - Sunflower seed, sunflower meal,
sunflower oil - Palm oil and palm oil products - Biodiesel, glycerin - Cotton seed, cottonseed oil, and
cottonseed meal - Crystal sugar - CG Sugar - Liquid sugar - Liquid inverted sugar - VHP sugar - Refined sugar - Hydrous ethanol - Anhydrous ethanol - Neutral ethanol |
|
|
|
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No. of Employees : |
240 |
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 : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
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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, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy
with low unemployment, a highly skilled labor force, and a per capita GDP among
the highest in the world. Switzerland's economy benefits from a highly
developed service sector, led by financial services, and a manufacturing
industry that specializes in high-technology, knowledge-based production. Its
economic and political stability, transparent legal system, exceptional
infrastructure, efficient capital markets, and low corporate tax rates also
make Switzerland one of the world's most competitive economies. The Swiss have
brought their economic practices largely into conformity with the EU's to
enhance their international competitiveness, but some trade protectionism
remains, particularly for its small agricultural sector. The fate of the Swiss
economy is tightly linked to that of its neighbors in the euro zone, which
purchases half of all Swiss exports. The global financial crisis of 2008 and
resulting economic downturn in 2009 stalled export demand and put Switzerland
in a recession. The Swiss National Bank (SNB) during this period effectively
implemented a zero-interest rate policy to boost the economy as well as prevent
appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises currently unfolding in neighboring euro-zone
countries pose a significant risk to Switzerland's financial stability and are
driving up demand for the Swiss franc by investors seeking a safe-haven
currency. The independent SNB has upheld its zero-interest rate policy and
conducted major market interventions to prevent further appreciation of the
Swiss franc, but parliamentarians have urged it to do more to weaken the
currency. The franc's strength has made Swiss exports less competitive and
weakened the country's growth outlook; GDP growth fell below 2% per year during
2011-13. Switzerland has also responded to increasing pressure from individual
neighboring countries, the EU, the US, and international institutions to reform
its banking secrecy laws. Consequently, the government agreed to conform to
OECD regulations on administrative assistance in tax matters, including tax
evasion. The government has renegotiated its double taxation agreements with
numerous countries, including the US, to incorporate the OECD standard, and is
considering the possibility of imposing taxes on bank deposits held by
foreigners. These steps hurt Switzerland's long history of bank secrecy.
|
Source
: CIA |
LOUIS DREYFUS COMMODITIES SUISSE SA
Route de
l'Aéroport 29
1218 Le
Grand-Saconnex/GE
Switzerland/CH
Telephone: 022
7992700
Fax: 022
5927468
Web
site: http://www.ldcom.com
E-mail: gen-hr@ldcom.com
WIN
Worldbox No.: CH0007122055
VAT-No.: CHE-112.891.016 MWST
UID-No.: CHE112891016
Established: 1851
History: 1851: Established from Léopold Louis-Dreyfus
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
Banks: unknown
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 240
Sales: CHF 200-400 Mio
The activities include the trade of
commodities such as grains, oilseeds, rice, sugar, ethanol, coffee and cotton.
Products:
- Soybeans, soybean meal, soybean oil,
refined soybean oil
- Rapeseed, rapeseed meal, rapeseed oil,
refined rapeseed oil
- Sunflower seed, sunflower meal, sunflower
oil
- Palm oil and palm oil products
- Biodiesel, glycerin
- Cotton seed, cottonseed oil, and
cottonseed meal
- Crystal sugar
- CG Sugar
- Liquid sugar
- Liquid inverted sugar
- VHP sugar
- Refined sugar
- Hydrous ethanol
- Anhydrous ethanol
- Neutral ethanol
Information on property ownership was not
available.
Company
No: 660.0.971.006-5
UID-No.: CHE112891016
Legal
form: Company limited by
shares
Registration: 19.04.2006
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Statutes:
06.07.2009
Date of
Statutes: 15.06.2009
Date of
Statutes: 19.09.2007
Date of
Statutes: 22.12.2006
Date of
Statutes: 23.10.2006
Date of
Statutes: 14.07.2006
Date of
Statutes: 15.06.2006
Date of Incorporation
Statutes: 13.04.2006
Entry Deleted Name
20.06.2006 Louis
Dreyfus Commodities Suisse SA
19.04.2006 20.06.2006 DOMITIUS SA
Entry Deleted Legal domicile
19.07.2006 Le
Grand-Saconnex, Switzerland
19.04.2006 19.07.2006 Genève, Switzerland
Entry Deleted Address
19.07.2006 Route
de l'Aéroport 29, 1218 Le Grand-Saconnex/GE, Switzerland/CH
19.04.2006 19.07.2006 c/o Pfyffer et Associés, Avocats, Rue
François-Bellot 6, 1200 Genève/GE, Switzerland/CH
Entry Deleted Capital
11.01.2007 Share
Capital CHF 87,106,100, paidup CHF 87,106,100
19.04.2006 11.01.2007 Share Capital CHF 100,000, paidup CHF 100,000
Entry Deleted Capital Structure
11.01.2007 871,061
Registered shares of CHF 100.--
13.11.2006 11.01.2007 1,000 Registered shares of CHF 100.--
19.04.2006 13.11.2006 1,000 Bearer shares of CHF 100.--
Entry Deleted Activity
15.07.2009 Trade
in all materials, agricultural commodities, goods, finished or semi -finished,
directly or indirectly, including the purchase, management and operation of all
businesses; operating, chartering vessels or any related transactions; study,
design, development, operation, management, stewardship , governance,
organization, financing, control of all business or industrial, commercial,
financial, agricultural, securities or property; acquisition, operation, sale
and exchange of all buildings, excluding operations prohibited, all building
constructions, for its own needs, whether for sale or for rent; use of
available capital of the company, including purchase, subscription or
acquisition in any manner whatsoever, broadcast, sale or trading of shares,
stocks and securities of all kinds; formation of any associations, companies,
unions or businesses regardless of objects: the granting of all securities for
the performance of any enterprise, the acquisition of interests, direct or
indirect support to the creation of any new company, merger of existing
companies, partial or total disposal of assets and, in any method whatsoever;
provision of credit facilities for its subsidiaries, affiliates and sister
companies for commercial and/or asset acquisitions, including in particular the
application of issuing guarantees, sureties, guarantees bid guarantees good
performance, letters of credit and guarantees of payment in full responsibility
on behalf of subsidiaries, sister companies and subsidiaries (see complete
statutes for full objectives).
Entry Deleted Remarks
active Note:
The identification under number CH- 660-0971006-5 is replaced by the
CHE-112891016 business identification number (IDE/UID).
17.06.2014 Merger:
Takeover of the assets and liabilities of Louis Dreyfus Commodities IT Services
Suisse SA at The Grand Saconnex (CHE-
114 496 961), according to the merger agreement of 06.12.2014 and the balance
sheet at 31.12.2013, with assets of CHF 7'196'372, liabilities to third parties
of CHF 6'096'190 or net assets of CHF 1'100'182. The entire share capital of
both companies being owned by the same shareholder, the merger does not give
rise to a capital increase or an allocation of shares.
18.06.2013 Merger:
Takeover of the assets and liabilities of Louis Dreyfus Commodities Freight
Suisse SA, at Le Grand- Saconnex (CH-660-1262007-8) according to the merger agreement
of 14.06.2013 and the balance sheet at 31.12.2012, with assets of CHF
16'583'393, liabilities to third parties of CHF 4'498'499 or net assets of CHF
12'084'894. The entire share capital of both companies being owned by the same
shareholder, the merger does not give rise to a capital increase or an
allocation of shares.
Takeover of the assets and liabilities of LOUIS DREYFUS COMMODITIES
JUICES SWITZERLAND SA, Le Grand- Saconnex (CH- 660-2679011-8 ) according to the
merger agreement of 14.06.2013 and the balance sheet at 31.12.2012, with assets
of CHF 1'122'613'841, liabilities to third parties of CHF 1'035'970'873 or net
assets of CHF 86'642'968. The entire share capital of both companies being
owned by the same shareholder , the merger does not give rise to a capital
increase or an allocation of shares.
25.06.2009 Reports:
Communication to shareholders registered letter or fax .
11.01.2007 Contribution
in kind/Asset takeover: According contract of 22.12.2006, all the shares of the
company Louis Dreyfus & Co Limited, Cardiff, UK, being 32'445'000 shares of
USD 1 for a value of CHF 114'432'000, in return for which are given 343'296
shares of CHF 100 registered shares and the balance constituting a premium.
19.04.2006 Publishing
authority: SHAB Swiss Gazette
Title Name
Vice-President Federico Cerisoli
Citizen:
Argentina
Residential
address: Presidente Derqui, Argentina
single
signature
Registered
since: 14.08.2013
Director Gerrit Jan
Akker
Citizen:
Netherlands
Residential
address: Genève/GE, Switzerland
single
signature
Director Alexandre
Montavon
Citizen:
Boécourt, Switzerland
Residential
address: 1200 Genève/GE, Switzerland
single
signature
Registered
since: 19.04.2006
Director Walter
Soares
Citizen:
United States of America
Residential
address: Chêne-Bougeries, Switzerland
single
signature
Registered
since: 06.01.2014
Title Name
Chairman
of the management Gerrit Jan Akker
Citizen:
Netherlands
Residential
address: Genève/GE, Switzerland
single
signature
Director David
Adcroft
Citizen:
Grande-Bretagne, Switzerland
Residential
address: Mies, Switzerland
joint
signature of two
Registered
since: 14.08.2007
Director Paul
Akroyd
Citizen:
Grande-Bretagne, Switzerland
Residential
address: Genève/GE, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Director Pierre
Bounameaux
Citizen:
Belgium
Residential
address: Gland, Switzerland
joint
signature of two
Registered
since: 25.06.2007
Director Tim
Bourgois
Citizen:
Belgium
Residential
address: 120 Trélex/VD, Switzerland
joint
signature of two
Registered
since: 14.08.2007
Director Thierry de
Testas de Folmont
Citizen:
France
Residential
address: Chêne-Bougeries, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Director Guy Du
Bois de Montule
Citizen:
France
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Director Guy Hogge
Citizen:
Grande-Bretagne, Switzerland
Residential
address: Chêne-Bougeries, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Director Aman
Khanna
Citizen:
Grande-Bretagne, Switzerland
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Director Trishul
Mandana
Citizen:
Grande-Bretagne, Switzerland
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Director David
Ohayon
Citizen:
France
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 06.12.2006
Director Markus
Reis
Citizen:
Germany
Residential
address: Collogne-Bellerive, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Director Frédéric
Viel
Citizen:
France
Residential
address: Genolier, Switzerland
joint
signature of two
Registered
since: 07.05.2007
Vice-Director Jacques Alexander
Citizen:
Belgium
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 14.08.2007
Vice-Director Peregrine Allen
Citizen:
Grande-Bretagne, Switzerland
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 30.01.2008
Vice-Director Adriano Bagnasco
Citizen:
Italy
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 30.01.2008
Vice-Director Pierre de Somer
Citizen:
Belgium
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 14.08.2007
Vice-Director Frédéric
Delacrausaz
Citizen:
Epalinges, Switzerland
Residential
address: Crissier, Switzerland
joint
signature of two
Registered
since: 28.03.2008
Vice-Director Maria Tereza Do
Carmo
Citizen:
Grande-Bretagne, Switzerland
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Vice-Director Pascal Durouchoux
Citizen:
France
Residential
address: Thônex, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Vice-Director Ezz El Din El
Sherif
Citizen:
Genève, Switzerland
Residential
address: Bellevue, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Vice-Director Linda Ferguson
Creismeas
Citizen:
Ireland
Residential
address: Prevessin Moëns, France
joint
signature of two
Registered
since: 29.11.2006
Vice-Director Jean-Manuel
Villaret
Citizen:
France
Residential
address: Saint-Genis-Pouilly, France
joint
signature of two
Registered
since: 29.11.2006
Vice-Director Felix Von Pezold
Citizen:
Zürich, Switzerland
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 29.11.2006
Vice-Director Wim Wyn
Citizen:
Belgium
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 14.08.2007
Vice-Director Pierre-Yves
Zimmerli
Citizen:
Männedorf, Switzerland
Residential
address: Rolle, Switzerland
joint
signature of two
Registered
since: 28.03.2008
Member
with procuration Gaston Nogues
Citizen:
Argentina
Residential
address: Gingins, Switzerland
joint
power of attorney of two
Registered
since: 08.10.2012
Member
with procuration Gaston Noques
Citizen:
Argentina
Residential
address: Gingins, Switzerland
joint
power of attorney of two
Registered
since: 08.10.2012
Member
with procuration César Soares
Citizen:
Portugal
Residential
address: Genève/GE, Switzerland
joint
power of attorney of two
Registered
since: 08.10.2012
Title Name
Auditor Deloitte
SA
Residential
address: Meyrin, Switzerland
Id:
CH-660-0778984-7
Registered
since: 05.05.2009
Title Name
Chief
Executive Officer David
Adcroft
Name: Louis Dreyfus Holding
B.V.
City/Country: Amsterdam, Netherlands/NL
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012
Number of months: 12 12 12
Currency: mil.
USD mil. USD mil. USD
Statement norm: Local GAAP Local GAAP Local
GAAP
Other tangible
fixed assets 3,847.0 3,673.0 3,370.0
Tangible fixed
assets 3,847.0 3,673.0 3,370.0
Financial fixed
assets 764.0 788.0 829.0
other fixed assets 278.0 278.0 222.0
Fixed assets 4,889.0 4,739.0 4,421.0
Stocks 6,013.0 5,508.0 5,977.0
Trade accounts
receivable 7,480.0 7,963.0 7,730.0
other trade
accounts 1,051.0 965.0 1,010.0
Other current
assets 1,051.0 965.0 1,010.0
Current assets 14,544.0 14,436.0 14,717.0
Total assets 19,433.0 19,175.0 19,138.0
Other shareholders
funds 4,919.0 4,980.0 4,709.0
Total shareholders
equity 4,919.0 4,980.0 4,709.0
Minority interests 16.0 49.0 57.0
long term debt
(financial debts) 2,939.0 3,586.0 2,570.0
Other non current
liabilities 730.0 689.0 658.0
Non current
liabilities 3,669.0 4,275.0 3,228.0
short term debt
(financial debts) 6,154.0 4,942.0 6,195.0
Trade accounts
payable 4,675.0 4,929.0 4,949.0
other current
liabilities 0.0 0.0 0.0
Current
liabilities 10,829.0 9,871.0 11,144.0
Shareh. equity,
min. int. & liabilities 19,433.0 19,175.0 19,138.0
Net sales 64,719.0 63,596.0 57,140.0
Other operating
revenue 61.0
Operating revenue 64,780.0 63,596.0 57,140.0
Cost of goods sold 62,919.0 61,854.0 54,819.0
Gross profit 1,861.0 1,742.0 2,321.0
Other operating
expenses 797.0 801.0 788.0
Operating result 1,064.0 941.0 1,533.0
Financial income 0.0
other financial
expenses 227.0 180.0 195.0
Financial expenses 227.0 180.0 195.0
Financial result -227.0 -180.0 -195.0
Result before
extraordinary items 837.0 761.0 1,338.0
Extraordinary
expenses 151.0
Extraordinary
Result -151.0
Result before
taxes 837.0 761.0 1,187.0
Taxes 191.0 122.0 235.0
Result before
minority interests 646.0 639.0 952.0
Result for the
financial year 646.0 639.0 952.0
Added value 837.0 761.0 1,187.0
Working Capital 8,818.0 8,542.0 8,758.0
Sales per Employee 3.0 2.9
Employees at year end 21,700 22,000
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct
Name: Louis Dreyfus
Commodities International AG
City/Country: Luzern/LU, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Class: 50-100%
Type: indirect, Group-Level
1
Name: Louis Dreyfus Holding
B.V.
City/Country: Amsterdam, Netherlands/NL
Interest: 85,00% voting right,
85,00% capital interest
The Group is privately held by the
Louis-Dreyfus family, controlled by the Robert Louis-Dreyfus trust and
approximately 15% employee-owned. Founded and based in Europe, LDCommodities
enjoys strong regional presence in North and South America, Europe, Asia, the
Middle-East and Africa.
LDCommodities operates with the drive of a
young organization, tempered and fuelled by 160 years of experience and
expansion in the field of agricultural commodities. Today, with offices in more
than 55 countries and over 34,000 employees at the peak season, the Group
stands strong, pragmatic and diversified, guided by a multi-cultural management
staff devoted to its aims and to its unique business model.
Key Figures:
Established in 1851
Presence in more than
55 countries:
6 regions organized around 4 segments and 13
main platforms
Over 20,000 employees at the peak season
Over US$57 billion net sales (FY 2012)
Over US$1.1 billion consolidated net profit
- group share (FY 2012)
Name: Louis Dreyfus
Commodities B.V.
City/Country: Rotterdam, Netherlands/NL
Class: 100%
Name: Socef, Société
Commerciale de Céréales & Financière SA
City/Country: Cointrin/GE, Switzerland/CH
Interest: 100,00% voting right,
100,00% capital interest
Balance sheet publication:
The subject company does not publish balance
sheet or turnover figures.
Control date Year No. Amount CHF Status
16.12.2013 2013 1 6,657,885.-- Opposition filed
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
31.12.2007 2007 0 Legal
actions
Official bankruptcy reports:
No bankruptcy publications available on the
subject.
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.
The company is not listed in the
WorldCompliance database.
Debt collection case:
AUG 2012: CHF 1'911.00, paid.
MAR 2009: CHF 640.00, paid.
NOV 2008: CHF 498.00.
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
appears to be good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.56 |
|
|
1 |
Rs.93.56 |
|
Euro |
1 |
Rs.67.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.