|
Report No. : |
352058 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BUNGE SA |
|
|
|
|
Registered Office : |
Route De Florissant 13, 1206 Genève/GE |
|
|
|
|
Country : |
Switzerland |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Year of Establishment : |
1818 |
|
|
|
|
Com. Reg. No.: |
020.3.915.530-2 |
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|
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|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Integrated, global agribusiness and food company operating in the
farm-to-consumer food chain with worldwiede distribution capabilities. |
|
|
|
|
No. of Employee : |
150-249 |
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 |
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|
|
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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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. 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 from 2011-14.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.
|
Source
: CIA |
BUNGE SA
Operating address:
route de
Florissant 13 Postal
address:
1206 Genève/GE Case
postale 518
Switzerland/CH 1200
Genève 12/GE
Switzerland/CH
Telephone: 022
5929100
Fax: 022
5929102
Web
site: http://www.bunge.com
E-mail: info@bunge.com
WIN
Worldbox No.: CH0001066585
VAT-No.: CHE-102.479.861 MWST
UID-No.: CHE102479861
Established: 1818
History: 2001: Limited company
1818: Established from Johann Peter Gottlieb
Bunge
Line
of Business: Trade brokers,
Consumer goods wholesale
Industry
Division: Wholesale trade
Industry-code (NACE): 4619 Agents involved in the sale of a variety
of goods
4639 Non-specialised wholesale of food,
beverages and tobacco
Import/Export: Agency
Banks: UBS Ltd
CS Credit
Suisse
Coverage: Company
Figures: estimated
Financial
year: 2015
Employees: 150-249
Integrated, global agribusiness and food
company operating in the farm-to-consumer food chain with worldwiede
distribution capabilities.
Geneva is the headquarters of Bunge Europe,
Middle East & Africa (EMEA).
Information on property ownership was not
available.
Company
No: 020.3.915.530-2
UID-No.: CHE102479861
Legal
form: Company limited by
shares
Registration: 26.02.2001
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
History: Date of Statutes:
17.07.2009
Date of
Statutes: 12.02.2003
Date of
Statutes: 09.07.2002
Date of
Statutes: 11.09.2001
Date of
Statutes: 21.02.2001
Date of
Incorporation Statutes: 09.08.1977
Entry Deleted Name
14.09.2001 Bunge
SA
26.02.2001 Lagran AG
26.02.2001 14.09.2001 Bunge Agribusiness SA
Entry Deleted Legal domicile
26.02.2001 Genève,
Switzerland
26.02.2001 Zürich, Switzerland
Entry Deleted Address
11.07.2002 route
de Florissant 13, 1206 Genève/GE, Switzerland/CH
30.05.2001 11.07.2002 rue de Villereuse 22, 1200 Genève/GE,
Switzerland/CH
26.02.2001 30.05.2001 c/Patrick Chabrier, avocat, avenue Dumas 20,
1200 Genève/GE, Switzerland/CH
13.02.1998 26.02.2001 Claridenstrasse 20, 8002 Zürich,
Switzerland/CH
Entry Deleted Capital
11.07.2002 Share
Capital CHF 6,150,000, paidup CHF 6,150,000
Entry Deleted Capital Structure
11.07.2002 6,150
Registered shares with restricted transferability of CHF 1,000.--
Title Name
President Tommy Jensen
Citizen:
Denmark
Residential
address: Scezecin, Poland
joint
signature of two
Registered
since: 21.05.2012
Vice-President George Allard II
Citizen:
United States of America
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 31.03.2015
Director Jordi
Costa Vilarrasa
Citizen:
Spain
Residential
address: Genève, Switzerland
joint
signature of two
Registered
since: 21.05.2012
Director Pascal
Pionchon
Citizen:
France
Residential
address: Cuvat, France
joint
signature of two
Registered
since: 14.04.2011
Director Vesselina
Shaleva
Citizen:
Bulgaria
Residential
address: 1200 Genève/GE, Switzerland
joint
signature of two
Registered
since: 09.08.2010
Director Brian
Thomsen
Citizen:
Denmark
Residential
address: 1255 Corsier/GE, Switzerland
joint
signature of two
Registered
since: 17.01.2005
Title Name
Director William
Lee Mc Clain
Citizen:
United States of America
Residential
address: 1200 Genève/GE, Switzerland
joint
signature of two
Registered
since: 14.10.2005
Director Henri
Rieux
Citizen:
France
Residential
address: 1200 Genève/GE, Switzerland
joint
signature of two
Registered
since: 17.01.2005
Member
with signing authority Alberto
Alvarez
Citizen:
Lancy, Switzerland
Residential
address: Bernex, Switzerland
joint
signature of two
Registered
since: 22.08.2001
Member
with signing authority Vincent Minna
Citizen:
Genève, Switzerland
Residential
address: 1200 Genève/GE, Switzerland
joint
signature of two
Registered
since: 26.02.2001
Member
with procuration Paul Bateson
Citizen:
United Kingdom
Residential
address: Chêne-Bougeries, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 22.02.2008
Member
with procuration Sandrine Charvier
Citizen:
France
Residential
address: Allonzier la Caille, France
joint
power of attorney of two, Restricted signatory powers
Registered
since: 04.09.2009
Member
with procuration Dominique
Currat
Citizen:
Fiaugères, Switzerland
Residential
address: Thônex, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 10.12.2002
Member
with procuration Christos
Dimopoulos
Citizen:
Genève, Switzerland
Residential
address: Onex, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 17.01.2005
Member
with procuration Cândido Dos
Santos
Citizen:
Portugal
Residential
address: 1200 Genève/GE, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 08.06.2009
Member
with procuration Eduardo
Doyhambehere
Citizen:
France
Residential
address: Genève, Switzerland
joint
power of attorney of two
Registered
since: 01.10.2015
Member
with procuration Jean-Eudes
Gautrot
Citizen:
Sumiswald, Switzerland
Residential
address: Veyrier, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 05.09.2006
Member
with procuration Françoise
Gris
Citizen:
Genève, Switzerland
Residential
address: Vernier, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 15.06.2012
Member
with procuration Andrea
Hernandez
Citizen:
Founex, Switzerland
Residential
address: Gilly, Switzerland
joint
power of attorney of two
Registered
since: 08.12.2011
Member
with procuration Louis
Leclezio
Citizen:
Genève, Switzerland
Residential
address: Thônex, Switzerland
joint
power of attorney of two
Registered
since: 15.06.2012
Member
with procuration Serge Levy
Citizen:
France
Residential
address: Troinex, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 27.11.2003
Member
with procuration Giovanni
Ravano
Citizen:
Italy
Residential
address: Chêne-Bougeries, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 19.12.2001
Member
with procuration David Rigby
Citizen:
Zürich, Switzerland
Residential
address: Prangins, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 22.08.2001
Member
with procuration Philipe John
Ryan
Citizen:
United Kingdom
Residential
address: Chavannes-des-Bois, Switzerland
joint
power of attorney of two
Registered
since: 01.10.2015
Member
with procuration Alexandre
Shahram Sabeti
Citizen:
Genève, Switzerland
Residential
address: Collonge-Bellerive, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 08.12.2011
Member
with procuration Louis Touzin
Citizen:
Canada
Residential
address: Gland, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 13.11.2009
Member
with procuration Christian
Voland
Citizen:
France
Residential
address: Bramois, Switzerland
joint
power of attorney of two
Registered
since: 24.04.2013
Member
with procuration Vladimir
Zinkovski
Citizen:
Netherlands
Residential
address: Chêne-Bougeries, Switzerland
joint
power of attorney of two, Restricted signatory powers
Registered
since: 15.02.2005
Title Name
Auditor Deloitte
SA
Residential
address: Meyrin, Switzerland
Registered
since: 26.02.2001
Name: Bunge Limited
City/Country: Hamilton, Bermuda/BM
No.
of owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: Koninklijke Bunge BV
City/Country: Rotterdam, Netherlands/NL
Interest: 100,00% voting right,
100,00% capital interest
Name: ECOINVEST CARBON SA
City/Country: Genève/GE, Switzerland/CH
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2014 31.12.2013 31.12.2012 31.12.2011 31.12.2010
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Intangible fixed
assets 605.0 718.0 646.0 1,113.0
Land and buildings 1,155.0 1,198.0
Other tangible
fixed assets 4,733.0 4,319.0
Tangible fixed
assets 5,626.0 6,075.0 5,888.0 5,517.0
Financial fixed
assets 557.0 241.0 273.0 600.0
other fixed assets 1,563.0 1,975.0 3,209.0 2,917.0
Fixed assets 8,351.0 9,009.0 10,016.0 10,147.0
Stocks 5,554.0 5,796.0 6,590.0 5,733.0
Trade accounts
receivable 1,840.0 2,144.0 2,471.0 2,459.0
Cash & Cash
Equivalents 362.0 742.0 569.0 835.0
Securities 162.0
other trade
accounts 4,989.0 8,447.0 7,021.0 5,472.0
Accruals 336.0 481.0 613.0 575.0
Other current
assets 5,687.0 9,832.0 8,203.0 6,882.0
Current assets 13,081.0 17,772.0 17,264.0 15,074.0
Total assets 21,432.0 26,781.0 27,280.0 25,221.0 26,001.0
Capital 5,744.0 5,658.0 5,600.0 5,520.0
Other shareholders
funds 2,702.0 4,199.0 5,262.0 6,187.0
Total shareholders
equity 8,446.0 9,857.0 10,862.0 11,707.0 12,554.0
Minority interests 281.0 268.0 431.0 368.0
long term debt
(financial debts) 2,855.0 3,179.0 3,532.0 3,348.0
Other non current
liabilities 1,146.0 942.0 894.0 905.0
Non current
liabilities 4,001.0 4,121.0 4,426.0 4,253.0
short term debt
(financial debts) 2,345.0 1,465.0 2,317.0 733.0
Trade accounts
payable 3,248.0 3,522.0 3,319.0 3,173.0
Accruals 769.0 940.0 1,069.0 1,179.0
other accounts
payable 2,342.0 6,608.0 4,856.0 3,808.0
other current
liabilities 3,111.0 7,548.0 5,925.0 4,987.0
Current
liabilities 8,704.0 12,535.0 11,561.0 8,893.0
Shareh. equity,
min. int. & liabilities 21,432.0 26,781.0 27,280.0 25,221.0
Sales 57,161.0 61,347.0 63,494.0 58,743.0
Net sales 57,161.0 61,347.0 63,494.0 58,743.0
Other operating
revenue 44.0 7.0
Operating revenue 57,161.0 61,391.0 63,494.0 58,750.0 45,707.0
Cost of goods sold 54,540.0 58,587.0 60,916.0 56,015.0
Gross profit 2,621.0 2,804.0 2,578.0 2,735.0
Other operating
expenses 1,691.0 1,559.0 2,342.0 1,569.0
Operating result 930.0 1,245.0 236.0 1,166.0 3,050.0
Interest revenues 87.0 76.0 78.0 102.0
other financial
revenues 64.0 56.0 230.0 37.0
Financial income 151.0 132.0 308.0 139.0
Interest expenses 347.0 363.0 317.0 302.0
other financial
expenses 1,494.0 1,157.0 792.0 1,243.0
Financial expenses 1,841.0 1,520.0 1,109.0 1,545.0
Financial result -1,690.0 -1,388.0 -801.0 -1,406.0
Result before
extraordinary items -760.0 -143.0 -565.0 -240.0
Extraordinary
income 32.0 97.0
Extraordinary
Result 32.0 97.0 0.0 0.0
Result before
taxes -728.0 -46.0 -565.0 -240.0
Taxes 249.0 904.0 191.0 44.0
Result before
minority interests -977.0 -950.0 -756.0 -284.0 2,354.0
minority interests -6.0 -94.0 -20.0 -33.0
Result for the
financial year -971.0 -856.0 -736.0 -251.0
Cash flow
Depreciation 607.0 568.0 570.0 526.0 443.0
Cash flow -370.0 -382.0 -186.0 242.0
Cash flow from
operating activities 1,399.0 2,225.0 -457.0 2,614.0
Investments in
tangible fixed assets 839.0 1,042.0 1,095.0 1,125.0 1,072.0
Cash flow from
investing activities -685.0 -429.0 -967.0 -1,220.0
Cash flow from
financing activities -1,058.0 -1,565.0 1,206.0 -1,060.0
Others -36.0 -58.0 -48.0 -77.0
Change in
liquidity -380.0 173.0 -266.0 257.0
Liquidity at
beginning of the year 742.0 569.0 835.0 578.0
Liquidity at end
of the year 362.0 742.0 569.0 835.0
Research and
Development 20.0 19.0 19.0 21.0
Added value 226.0 885.0 322.0 588.0
Working Capital 4,146.0 4,418.0 5,742.0 5,019.0
Net Current Assets 4,377.0 5,237.0 5,703.0 6,181.0
Sales per Employee 1.6 1.8 1.8
Gross cost land
and buildings 2,512.0 2,466.0 2,239.0 2,262.0
Gross cost other
tangible fixed assets 6,113.0 6,059.0 5,889.0 5,220.0
Gross cost total 8,625.0 8,525.0 8,128.0 7,482.0
Employees at year end 35,000 35,000 36,000 33,021
Class: 100%
Name: Oleina SA
City/Country: Genève/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
28.04.2015 2015 0 Legal
actions
31.12.2014 2014 1 7,996.-- Opposition filed
31.12.2013 2013 0 Legal
actions
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
31.12.2006 2006 0 Legal
actions
31.12.2005 2005 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:
SEP 2013: CHF 67.00, paid.
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
is considered to be good.
Payment
experiences: Payment habits are
considered good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
|
CHF |
1 |
Rs. 65.12 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.