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MIRA INFORM REPORT
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Report No. : |
517714 |
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Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
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Name : |
BUNGE
AGRITRADE S.A. |
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Registered Office : |
Doctor Luis Bonavita 1294, Montevideo,
Montevideo, 11300 Uruguay |
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Country : |
Uruguay |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
21.01.2005 |
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Legal Form : |
Corporation |
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Line of Business : |
This
company specializes in the grain and field bean companies. |
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No. of Employees : |
15 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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Uruguay |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
URUGUAY - ECONOMIC OVERVIEW
Uruguay has a free market economy characterized by an export-oriented
agricultural sector, a well-educated workforce, and high levels of social
spending. Uruguay has sought to expand trade within the Common Market of the
South (Mercosur) and with non-Mercosur members, and President VAZQUEZ has
maintained his predecessor’s mix of pro-market policies and a strong social
safety net.
Following financial difficulties in the late 1990s and early 2000s,
Uruguay's economic growth 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; GDP growth reached 8.9% in 2010 but slowed markedly
in the period 2012-16 as a result of a renewed slowdown in the global economy
and in Uruguay's main trade partners and Mercosur counterparts, Argentina and
Brazil. Reforms in those countries should give Uruguay an economic boost.
Growth picked up in 2017.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal
Name: |
BUNGE
AGRITRADE S.A. |
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Trade
Name: |
BUNGE
AGRITRADE |
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RUC: |
215051740010 |
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Date
Created: |
2005 |
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Date
Incorporated: |
21/01/2005 |
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Legal
Address: |
Doctor Luis Bonavita 1294 Montevideo, Montevideo, 11300 Uruguay |
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Operative
Address: |
Doctor Luis Bonavita 1294 Montevideo, Montevideo, 11300 Uruguay |
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Telephone:
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00598
2626 2800 / 00598 2 6231460 |
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Fax: |
005982
6231689 |
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Legal
Form: |
Corporation |
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Email: |
NA |
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Registered
in: |
URUGUAY |
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Website:
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www.bungeuruguay.com |
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Contact: |
Mario José Reimundi Rodríguez, President |
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Staff:
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15 |
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Industry: |
Wholesale
Sector |
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BANKS
This
company does not disclose its bank details. |
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HISTORY
This
company was established in 2005. Its
previous name was ANNACLOY S.A, changing to BUNGE AGRITRADE S.A. in
03/02/2005 |
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PRINCIPAL
ACTIVITY
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This company
specializes in the grain and field
bean companies. |
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Products/Services description: |
AGRIBUSINESS:
crops and oilseeds Bunge's
agribusiness operations: -
purchase
grains and oilseeds from farmers -
store,
transport and sell raw commodities to end customers in domestic and export
markets -
process
oilseeds into protein meals and crude vegetable oil for sale to livestock
producers, feedmillers, food processors, the biofuels industry and other
customers INDUSTRY Supplies for
food and chemical industries, such as glycerine, protein, fatty acid, ammonia
and others FERTILIZERS Solid and liquid
fertilizers |
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Brands: |
NA |
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Sales
are: |
Wholesale |
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Clients: |
INCUBANDINA S.A. Ecuador ALIMENTACION BALANCEADA ALIBAL, C.A Venezuela Qbco S.A. Colombia ALICORP SAA Peru |
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Suppliers: |
Gravetal Bolivia Sa, BOLIVIA BUNGE PARAGUAY SA, PARAGUAY |
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Operations
area: |
National
and International |
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The
company imports from |
PARAGUAY, BOLIVIA |
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The
company exports to |
PUERTO RICO, VENEZUELA, PERÚ, COLOMBIA |
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The
subject employs |
15
employees |
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Payments:
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No
Complaints |
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LOCATION
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Headquarters
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Doctor Luis Bonavita 1294 Montevideo, Montevideo, 11300 Uruguay |
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Branches: |
WAREHOUSES Depósito Myrin S.A. Camino Duran 420 Montevideo 150 mil ton Depósito Terra Plaza S.A. Colonia s/n esquina De La Concordia Nueva Palmira 20 mil ton TLU - Terminal de Líquidos del Uruguay Eguren s/n esquina Solís Nueva Palmira 14300 ton Azucarlito S.A. Pbro. Horacio Meriggi s/n esquina Libertad Paysandú 3900 ton Sales Office Continuación Echevarriarza 3535(B) Ofi. 305
Complejo "Torres del Puerto" torre B. Montevideo, Uruguay |
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Related
Companies: |
There are not any related companies
registered. |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed
at the stock exchange: |
NA |
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Capital: |
UYU
$ 1.200.000 |
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Shareholders: |
This is a private company. It operates as a subsidiary of. Bunge Limited, 50 Main St Ste 635, White Plains, NY, 10606 United States. www.bunge.com |
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Management:
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Pablo Luis Gallandat Luzuriaga,
Vicepresident Mario José Reimundi Rodríguez, President |
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FINANCIAL
INFORMATION
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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USD
2016 |
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Sales
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5 100 000 |
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CASH
FLOW |
NORMAL |
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LEGAL
FILINGS
No
legal records found. |
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SUMMARY
Founded in 2004, Bunge Agritrade S.A. is an
organization in the grain and field bean companies industry located in Montevideo,
Uruguay. It has 12 years of experience in the market. Being a short-sized company, it has
approximately 15 full-time employees. This company imports from PARAGUAY and
BOLIVIA, whereas it exports to MEXICO. This is a private company, ACTIVE in
Uruguay since it was established in 2004. It operates as a subsidiary of
Bunge Limited, which is located in NY, USA. |
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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 |
Normal
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
Mercedes |
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POSITION |
Asisstant |
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COMMENTS |
She
confirmed name, parent company, address, RUC, experience, staff, managers and
capital. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.52 |
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1 |
INR 90.60 |
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Euro |
1 |
INR 79.87 |
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UYU |
1 |
INR 2.18 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.