|
Report No. : |
353258 |
|
Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CARGILL INTERNATIONAL SA |
|
|
|
|
Registered Office : |
Chemin De-Normandie 14 Case Postale 383 1206 Genčve/GE |
|
|
|
|
Country : |
Switzerland |
|
|
|
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Date of Incorporation : |
1956 |
|
|
|
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Com. Reg. No.: |
660.1.179.000-6 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Wholesale
of grain, unmanufactured tobacco, seeds and animal feeds |
|
|
|
|
No. of Employee : |
1,000 |
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 : |
Satisfactory |
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|
|
|
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 |
Cargill
International SA
Operating address:
chemin de-Normandie 14
Case postale 383
1206
Genčve/GE
Switzerland/CH
Telephone: 022 7032111
Fax: 022 7032555
Web
site: http://www.cargill.com/worldwide/switzerland
E-mail: info@cargill.ch
WIN
Worldbox No.: CH0000430835
VAT-No.: CHE-105.550.610 MWST
UID-No.: CHE105550610
Established: 1956
Line
of Business: Consumer goods
wholesale
Industry
Division: Wholesale trade
Industry-code
(NACE): 4621 Wholesale of grain, unmanufactured tobacco, seeds and animal
feeds
Import/Export: Agency
Export sales: 100,0%
Banks: CS
Credit Suisse
Coverage: Company
Figures: approximately
Financial year: 2015
Employees: 1,000
Sales: CHF
30,000,000,000.--
The Activities of the company contains Grain and oilseeds
trading, Sugar trading through joint venture Alvean, Ocean transportation and logistics,
Petroleum trading, Energy and agricultural risk management, Trade and
structured finance, Commodity Risk Management, Animal nutrition, production and
distribution.
The
operations in Switzerland is split into five global business units:
The
World Trading Unit provides access to world markets for Cargill offices
originating grains, oilseeds, vegetable oils/proteins from North and South
America. We handle the supply chain
management for Cargill's processing plants in Europe and serve customers such
as private and public companies and government agencies around the world.
Physical shipments exceed 30 million metric tons per year.
Cargill's
Ocean Transportation business manage the company's bulk ocean freight
activities and charter vessels to carry cargos on behalf of Cargill businesses
and customers worldwide, handling over 200 million metric tons of ocean freight
each year. To learn more about our ocean transportation offer.
Cargill Energy manages Cargill's worldwide trading of
petroleum products.
A branch of Cargill's Finance Trade Structure group is
active in trade and structured finance and the Commodity Risk Management
Products group provides risk mitigation tools for Cargill businesses to manage
derivatives risks.
Alvean specializes in originating, commercializing, and
trading raw and white sugar globally. The 50/50 joint venture created by
Cargill and Copersucar combines decades of experience, comprehensive global
market knowledge, trading expertise, a ta
Real Estate: It
is understood that the company owns certain property.
Company No: 660.1.179.000-6
UID-No.: CHE105550610
Legal form: Company
limited by shares
Registration: 31.05.2000
Legal status: active
Responsible Register: Registre
du commerce du canton de Genčve
History: Date
of Statutes: 26.05.2004
Date
of Statutes: 24.05.2000
Date
of Incorporation Statutes: 09.03.1988
Entry Deleted Name
31.05.2000 Cargill
International SA
Entry Deleted Legal domicile
31.05.2000 Genčve,
Switzerland
removed St John, Antigua and Barbuda
Entry Deleted Address
31.05.2000 Chemin
de-Normandie 14, 1200 Genčve/GE, Switzerland/CH
Entry Deleted Capital
25.08.2004 Share Capital
CHF 183,000,000, paidup CHF 183,000,000
Entry Deleted Capital Structure
25.08.2004 10,000
Registered shares of CHF 18,300.--
Entry Deleted Remarks
19.12.2013 Note: The
identification under number CH-660-1179000-6 is replaced by the CHE-105550610
business identification number (IDE/UID).
31.05.2000 Publishing
authority: SHAB Swiss Gazette
31.05.2000 Reports:
Communication to shareholders registered letter.
Title Name
President Thomas Intrator
Citizen:
Thônex, Switzerland
Residential
address: Thônex, Switzerland
single
signature
Registered
since: 31.05.2000
Company
Secretary Cédric Grandjean
Citizen:
Vully-les-Lacs, Switzerland
Residential
address: Genčve/GE, Switzerland
single
signature
Registered
since: 11.12.2002
Director David (Dave)
Buchanan
Citizen:
United States of America
Residential
address: Chęne-Bougeries , Switzerland
single
signature
Registered
since: 31.05.2000
Director Emery Koenig
Citizen:
United States of America
Residential
address: Waconia/MN, United States of America
single
signature
Registered
since: 31.05.2000
Director Dominique Le
Doeuil
Citizen:
France
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 29.08.2008
Director Dana E.
Nelson
Citizen: United
States of America
Residential
address: 1245 Collonge-Bellerive/GE, Switzerland
single
signature
Registered
since: 19.02.2010
Title Name
General
Director David (Dave) Buchanan
Citizen:
United States of America
Residential
address: Chęne-Bougeries , Switzerland
single
signature
Registered
since: 31.05.2000
General
Director Thomas Intrator
Citizen:
Thônex, Switzerland
Residential
address: Thônex, Switzerland
single
signature
Registered
since: 31.05.2000
General
Director Dana E. Nelson
Citizen:
United States of America
Residential
address: 1245 Collonge-Bellerive/GE, Switzerland
single
signature
Registered
since: 19.02.2010
Director Roger Janson
Citizen:
Netherlands
Residential address:
Plan-les-Ouates, Switzerland
single
signature
Registered
since: 31.01.2001
Director Cornelis
Konan
Citizen:
Netherlands
Residential
address: Collonge-Bellerive , Switzerland
single
signature
Registered
since: 23.12.2014
Director Cornelis
Gregory Konan
Citizen:
Netherlands
Residential
address: Collonge-Bellerive, Switzerland
single
signature
Registered
since: 23.12.2014
Director Dominique Le
Doeuil
Citizen:
France
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 29.08.2008
Director Jean-François
Muse
Citizen:
France
Residential
address: 1255 Veyrier/GE, Switzerland
single
signature
Registered
since: 10.12.2007
Director Andreas
Rickmers
Citizen:
Germany
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 21.09.2007
Director Alex
Sanfeliu Roca
Citizen:
Spain
Residential
address: Onex, Switzerland
single
signature
Registered
since: 02.01.2004
Director Neal
Sawatzke
Citizen:
United States of America
Residential
address: 1228 Plan-les-Ouates /GE, Switzerland
single
signature
Registered
since: 29.08.2008
Deputy
Director Mohamed Kemal Abou El Khir
Citizen:
Egypt
Residential
address: Thônex, Switzerland
single
signature
Registered
since: 12.12.2006
Deputy
Director Eric Aboussouan
Citizen:
Genčve, Switzerland
Residential
address: Cologny, Switzerland
single
signature
Registered
since: 21.11.2012
Deputy
Director Leonardo Aguiar
Citizen:
Brazil
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 16.12.2008
Deputy Director Vanessa Ballard
Citizen:
United Kingdom
Residential
address: Collonge-Bellerive, Switzerland
single
signature
Registered
since: 11.12.2009
Deputy Director Adam Birkett
Citizen:
United Kingdom
Residential
address: Chavannes-des-Bois, Switzerland
single
signature
Registered
since: 12.12.2006
Deputy
Director Jeremy Bryan
Citizen: Netherlands
Residential
address: Collonge-Bellerive , Switzerland
single
signature
Registered
since: 31.01.2001
Deputy
Director David Cordelier
Citizen:
France
Residential
address: Onex, Switzerland
single
signature
Registered
since: 11.12.2009
Deputy
Director Alain Delachaux-dit-GAy
Citizen: Le
Locle, Switzerland
Residential
address: Onex, Switzerland
single
signature
Registered
since: 31.05.2000
Deputy
Director Olivier Demierre
Citizen:
Billens, Switzerland
Residential
address: Thônex, Switzerland
single
signature
Registered
since: 11.12.2002
Deputy Director Nicola Jarvis
Citizen:
United Kingdom
Residential
address: Veigy-Foncenex, France
single
signature
Registered
since: 12.12.2006
Deputy
Director Olivier Josse
Citizen:
France
Residential
address: Pers-Jussy, France
single
signature
Registered
since: 31.05.2000
Deputy
Director Floris Onno Messing
Citizen:
Netherlands
Residential
address: Carouge, Switzerland
single
signature
Registered
since: 21.11.2012
Deputy
Director Michel Meyer
Citizen:
France
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 31.05.2000
Deputy
Director Scott Naatjes
Citizen:
United States of America
Residential
address: Lakeville/MN, United States of America
single
signature
Registered
since: 14.04.2009
Deputy Director Carlos Paz
Citizen: United States of
America
Residential
address: Collonge-Bellerive, Switzerland
single
signature
Registered
since: 19.11.2010
Deputy
Director Frank Stalhandske
Citizen:
Sweden
Residential
address: Carouge, Switzerland
single
signature
Registered
since: 31.01.2001
Deputy
Director Ludger Te Laak
Citizen:
Germany
Residential address: Meinier, Switzerland
single
signature
Registered
since: 02.12.2011
Deputy
Director Lloyd Wantschek
Citizen:
United Kingdom
Residential
address: Genčve/GE, Switzerland
single
signature
Registered
since: 11.12.2009
Deputy
Director George Wells
Citizen:
United Kingdom
Residential
address: Chęne-Bougeries , Switzerland
single
signature
Registered
since: 12.12.2006
Deputy Director Helene Ziv-Douki
Citizen:
France
Residential
address: Genčve , Switzerland
single
signature
Registered
since: 16.12.2008
Vice-Director Cédric Grandjean
Citizen:
Vully-les-Lacs, Switzerland
Residential
address: Genčve/GE, Switzerland
single
signature
Registered
since: 11.12.2002
Vice-Director Alexander Gruber
Citizen:
Germany
Residential
address: Onex, Switzerland
single
signature
Registered
since: 16.12.2008
Vice-Director Patrick Locken
Citizen:
United States of America
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 23.12.2014
Vice-Director Andrew Page
Citizen:
United States of America
Residential
address: Collonge-Bellerive , Switzerland
single
signature
Registered
since: 23.12.2014
Vice-Director Todd Joseph Thul
Citizen:
United States of America
Residential
address: Veyrier, Switzerland
single
signature
Registered
since: 08.01.2014
Vice-Director Joost van der Steen
Citizen:
Netherlands
Residential
address: Chęne-Bougeries , Switzerland
single
signature
Registered
since: 21.11.2012
Member
with procuration Alexei
Bashkaikin
Citizen:
Russia
Residential
address: Thônex, Switzerland
joint
power of attorney of two
Registered
since: 31.01.2001
Member
with procuration Bobbie
Cottrell
Citizen:
Australia
Residential
address: Genčve/GE, Switzerland
single
power of attorney
Registered
since: 27.02.2015
Member
with procuration Michael Curzi
Citizen:
Genčve, Switzerland
Residential
address: Genčve, Switzerland
single
signature
Registered
since: 18.09.2015
Member
with procuration Joshua Martin
Citizen:
Australia
Residential
address: Veyrier, Switzerland
single
power of attorney
Registered
since: 16.12.2008
Member
with procuration Lars Pohjola
Citizen:
Genčve, Switzerland
Residential
address: Lancy, Switzerland
joint
power of attorney of two
Registered
since: 16.12.2008
Member
with procuration Timothy Turney
Citizen:
United Kingdom
Residential
address: Troinex, Switzerland
single
power of attorney
Registered
since: 31.05.2000
Title Name
Auditor KPMG SA
Residential address:
Genčve, Switzerland
Id: CH-660-0466992-4
Registered since:
14.01.2010
Title Name
Chief
Business Segment Officer Thomas
Intrator
Chief
Business Segment Officer Andreas
Rickmers
Name: Cargill, Incorporated
City/Country: Wayzata/Minnesota, United States of
America/US
No.
of owner/-s: 1
Owner: The company is foreign owned.
Class: 100%
Name: Cargill, Incorporated
City/Country: Wayzata/Minnesota, United States of
America/US
Interest: 100,00% voting right, 100,00%
capital interest
Name: Arlon
Group (Europe) SA
City/Country: Fribourg/FR,
Switzerland/CH
Name: Cargill Services Switzerland SARL
City/Country: Genčve/GE, Switzerland/CH
Name: Cerestar Holding BV
City/Country: Mechelen, Belgium/BE
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.05.2015 31.05.2014 31.05.2013 31.05.2012 31.05.2011
Number of months: 12 12 12 12 12
Currency: mil.
USD mil. USD mil. USD mil. USD mil.
USD
Operating revenue 120,393.0 134,872.0 136,654.0 133,859.0 119,469.0
Operating result 1,926.0 1,885.0 2,413.0 1,440.0 3,109.0
Result before
minority interests 1,583.0 1,822.0 2,312.0 1,175.0 2,693.0
Total shareholders
equity 27,318.0 28,183.0 27,116.0 26,411.0 27,197.0
Total assets 59,239.0 62,281.0 59,880.0 62,582.0 72,294.0
Employees at year end 153,000 143,000 140,000 139,000 130,000
Class: 100%
Name: Alta
Via Sŕrl
City/Country: Fribourg/FR,
Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest
Class: 100%
Name: Cargill Commodity Services SARL
City/Country: Genčve/GE, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest (since 02.02.2011)
Class: 100%
Name: Cargill Global Commodity Services
Sŕrl
City/Country: Genčve/GE, Switzerland/CH
Interest: 100,00% voting right, 100,00%
capital interest (since 03.12.2012)
Class: 100%
Name: Provimi Kliba S.A.
City/Country: Lucens/VD, 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
24.02.2015 2015 0 Legal actions
31.12.2014 2014 0 Legal actions
31.12.2013 2013 1 1,775,903.-- Opposition filed
31.12.2012 2012 1 1,699,517.-- Opposition filed
31.12.2011 2011 1 76,324.-- 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
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.
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: Regular
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
|
CHF |
1 |
Rs.67.53 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TRU |
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.