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Report No. : |
307729 |
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Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
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Name : |
BUNGE AGRITRADE SA |
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Registered Office : |
C/O Dr. Luis Bonavita 1294, Oficina 2301, WTC Free Zone, Montevideo,
Montevideo 11400 |
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Country : |
Uruguay |
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Date of Incorporation : |
June 2011 |
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Legal Form : |
Private Company |
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Line of Business : |
· Engaged as Trader of Agriculture Products such as Soyabean Hull Pellets, Corn, Soybean Meals and Soybean Pellets. · Subject is also engaged in Selling Vegetable Oils · Engaged in offering Technical Advice and Business Information Grain and Fertilizer |
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No. of Employee : |
02 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Uruguay |
A2 |
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 |
URUGUAY ECONOMIC OVERVIEW
Uruguay has a free market economy characterized by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending. Following financial difficulties in the late 1990s and early 2000s, economic growth for Uruguay averaged 8% annually during the period 2004-08. The 2008-09 global financial crisis put a brake on Uruguay's vigorous growth, which decelerated to 2.6% in 2009. Nevertheless, the country managed to avoid a recession and keep positive growth rates, mainly through higher public expenditure and investment, and GDP growth reached 8.9% in 2010 but slowed in 2012-13, the result of a renewed slowdown in the global economy and in Uruguay's main trade partners and Common Market of the South (Mercosur) counterparts, Argentina and Brazil. Uruguay has sought to expand trade within Mercosur and with non-Mercosur members. Uruguay's total merchandise trade with Mercosur since 2006 has increased by nearly 70% to more than $5 billion while its total trade with the world has almost doubled to roughly $23 billion in 2013.
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Source
: CIA |
STATUTORY
INFORMATION
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Order: |
BUNGE AGRITRADE SA |
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Address in theorder: |
WTC Free Zone-Dr. Luis Bonavita 1294 Oficina 2301-C.P. 11300
Montevideo, Uruguay |
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Legal Name: |
Bunge Agritrade SA |
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TradeName: |
Bunge Agritrade |
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ID: |
549300J3BQQSLFONGC55 |
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Date Created: |
2011 |
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Date Incorporated: |
June 2011 |
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Legal Address: |
C/O Dr. Luis Bonavita 1294, Oficina 2301, WTC Free Zone, Montevideo
11400, Uruguay |
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Operative Address: |
C/O Dr. Luis Bonavita 1294, Oficina 2301, WTC Free Zone, Montevideo
11400, Uruguay |
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Telephone: |
598 2626 2000 |
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Fax: |
598 2626 2000 |
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Legal Form: |
Private Company |
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Email: |
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Registered in: |
Uruguay |
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Website: |
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Manager: |
WTC Free Zone |
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Staff: |
2 |
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Activity: |
· Engaged as Trader of Agriculture Products such as Soyabean Hull Pellets, Corn, Soybean Meals and Soybean Pellets. · Subject is also engaged in Selling Vegetable Oils ·
Engaged in offering Technical Advice and
Business Information Grain and Fertilizer |
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BANKS |
Banco Central de Uruguay |
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The company does not make its banking data public |
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HISTORY
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The company started business in 2011. It is a subsidiary of BUNGE
LIMITED. The company operates the Uruguayan address strategically for its tax purposes.
The address at which its located corresponds to a third party which works as
the local agent. |
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PRINCIPAL ACTIVITY |
· Engaged as Trader of Agriculture Products such as Soyabean Hull Pellets, Corn, Soybean Meals and Soybean Pellets. · Subject is also engaged in Selling Vegetable Oils ·
Engaged in offering Technical Advice and
Business Information Grain and Fertilizer |
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Products/Services description: |
Soyabean Hull Pellets, Soybean Meals and Soybean Pellets. |
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Brands: |
BUNGE AGRITRADE |
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Sales are: |
Wholesale |
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Clients: |
COOPERATIVA COLANTA |
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Suppliers: |
Bunge Limited |
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Operations area: |
National and International |
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The company imports from |
USA |
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The company exports to |
USA, Colombia |
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The subject employs |
2 employees |
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Payments: |
No complaints |
LOCATION
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Headquarters: |
50 Main Street |
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Registered At: |
C/O Dr. Luis Bonavita 1294 |
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Industry: |
Companies in this industry manufacture gases, dyes and pigments,
chlorine and caustic soda, sulfuric and nitric acids, and organic chemicals. Industrial chemicals include gases like oxygen and nitrogen, dyes and
pigments, chlorine and caustic soda, sulfuric and nitric acids, and thousands
of organic chemicals. Unlike advanced chemicals that are manufactured through
complicated chemical reactions, most industrial chemicals are made by
extraction and purification from natural substances, including minerals,
natural gas, petroleum, plants, air, and water. Oxygen and nitrogen gas are
made by freezing air, phosphates from marine deposits, ethanol by fermenting
corn, chlorine from salt water, and a large number of chemicals are made by
boiling petroleum. |
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GROUP STRUCTURE AND SUBSIDIARY
COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders %: |
This is a private company. Its major
holder is: |
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Management: |
WTC Free Zone |
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RelatedCompanies: |
BUNGE URUGUAY SA |
FINANCIAL
INFORMATION
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This is a private company which does not make its financial figures
public. The following information
corresponds to its parent company. |
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IncomeStatement-BUNGE LIMITED |
2013 |
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Revenue |
61 347 000 |
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GrossProfit |
2 760 000 |
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OperatingIncome |
1 201 000 |
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Diluted EPS |
1 550 000 |
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Total Assets |
26 781 000 |
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Total Liabilities |
16 924 000 |
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LEGAL
FILINGS
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There are no legal connected to the subject |
SUMMARY
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BUNGE AGRITRADE SA is an Uruguayan company
registered in Uruguay for trade and tax purposes. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No complaints |
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CASH FLOW |
Good |
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STATUS |
Active |
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ENTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We called at WTC Free Zone, address located of the company. They
confirmed that was the legal address for the company but refused to provide
any kind of data. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.96 |
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|
1 |
Rs.94.41 |
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Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.