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Report No. : |
334178 |
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Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
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Name : |
MOSAIC CROP NUTRITION, LLC |
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Formerly Known As : |
GNS III ( |
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Registered Office : |
13830 Circa |
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Country : |
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Date of Incorporation : |
24.03.2004 |
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Legal Form : |
LLC |
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Line of Business : |
Subject is doing business as Mosaic Feed Ingredients, manufactures and
sells fertilizer products such as phosphate and potash crop nutrients. |
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No. of Employees : |
240 |
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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Status : |
Satisfactory |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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United States |
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 |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $54,800. In 2014, however, US GDP ran second to China’s, when compared on a Purchasing Power Parity basis; the US lost the top spot, where it had stood for more than a century. In the US, 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 has been a driving factor in 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. But the globalization of trade, and especially the rise of low-wage producers, has put additional downward pressure on wages and upward pressure on the returns to capital. 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 2014, the direct costs of the wars totaled more than $1.5 trillion, 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 dropped below 6.5% or inflation rose 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 ended the purchases during the summer of 2014. 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.
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Source
: CIA |
Company name: MOSAIC CROP NUTRITION, LLC
Address: 13830 Circa
Telephone: +1
813-671-6127
Fax: +1 813-671-6187
Website: www.mosaicco.com
Corporate ID#: 3781261
State: Delaware
Judicial form: LLC
Date incorporated: 03-24-2004
Stock: -
Value: -
Name of manager: James
T. PROKOPANKO
Business:
Mosaic Crop Nutrition, LLC, doing business as Mosaic Feed Ingredients,
manufactures and sells fertilizer products such as phosphate and potash crop
nutrients.
The company was formerly known as GNS III (U.S.), LLC and it changed its
name to Mosaic Crop Nutrition, LLC in October, 2004.
The company was incorporated in 2004 and is based in Lithia, Florida.
Mosaic Crop Nutrition, LLC operates as a subsidiary of The Mosaic
Company.
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.
No name of foreign suppliers available.
EIN: 20-1026205
Staff: 240
Operations & branches:
At the headquarters, we
find a warehouse and office.
Shareholders:
The Mosaic Company
Atria Corporate Center, Suite E490
3033 Campus Drive
Plymouth, MN 55441
The Mosaic Company produces and markets concentrated phosphate and
potash crop nutrients for the agricultural industry worldwide.
It operates through two segments, Phosphates and Potash.
The Company is listed with the NYSE under symbol MOS.
Management:
James T. PROKOPANKO is the President and CEO.
He has been the Chief Executive Officer and President of The Mosaic
Company since January 1, 2007. Mr. Prokopanko served as the Chief Operating
Officer and Executive Vice President at The Mosaic Company since July 31, 2006.
He served as the President of The Fertilizer Institute of Ontario. He served as
Corporate Vice President of Cargill Procurement of Cargill, Incorporated from
2002 to 2006 and Cargill SA/NV since 2004. He served as a Senior Vice President
of Cargill and Platform Leader of Cargills Ag Producer Service Platform since
1999. Mr. Prokopanko joined Cargill in 1978 in Winnipeg, Manitoba. From 1978 to
1981, he worked on various business expansions and acquisitions in the
Financial Information Services group and from 1981 to 1983, led the development
of Cargills fertilizer retail business in Western Canada. From 1984 to 1989, he
served as an Assistant Vice President and Regional Manager of Cargills retail
crop input and country grain elevator network in Alberta and British Columbia.
He served as an Assistant Vice President and General Manager of Cargills
Eastern Canada agriculture network of wholly owned stores, country elevators
and joint ventures serving crop producers in Ontario and Quebec. Since 1995, he
served as a Vice President of Cargills North American crop inputs business. In
his career at Cargill, Mr. Prokopanko has been engaged in retail agriculture
businesses in Canada, United States, Brazil, Argentina and the United Kingdom.
He has been the Chairman of the Board at The Fertilizer Institute since
February 7, 2012.
He serves as the Chairman of Canpotex Limited. He has been a Director of
The Mosaic Company since October 2004 and Vulcan Materials Company since
December 2009. He serves as a Trustee of Minnesota Public Radio Inc.
He serves as a Director of The Fertilizer Institute. He served as a
Director of Children's Health Care Inc. He served on the board of directors of
the Canadian Fertilizer Institute. Mr. Prokopanko holds an MBA from the University
of Western Ontario in London, Ontario and BS degree in Computer Science from
the University of Manitoba.
Other Managers include Mark J. ISSACSON and Richard L. MARL.
As far as we know, they are involved in several other corporations of
the group.
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year
2014 is in the range of USD 80,000,000+
The business is profitable.
Banks: U.S. Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary (UCC):
None