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MIRA INFORM REPORT
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Report No. : |
500751 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
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Name : |
LOUIS DREYFUS COMPANY COTTON LLC |
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Registered Office : |
251 Little Falls Drive, Wilmington New Castle, De 19808 |
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Country : |
Unites States |
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Financials (as on) : |
2017 (Summarized) |
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Year of Establishment |
1921 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is distributes cotton in the United
States and internationally. |
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No. of Employees : |
100 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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Unites States |
A1 |
A1 |
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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 |
UNITES STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $57,300. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.
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, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.
Long-term problems for the US 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.
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 such as China, has put additional downward pressure on wages and upward pressure on the return 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 and oil has a major impact on the overall health of the economy. 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. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US 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, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. 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, 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. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.
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.
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 Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - 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 further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increases. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With US GDP growth below 2%, the Fed opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal
Name: |
LOUIS DREYFUS COMPANY COTTON LLC |
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Trade
Name: |
Allenberg Cotton Co. Allenberg Cotton |
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ID: |
4875820 |
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Date
Created: |
1921 |
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Date
Incorporated: |
9/23/2010 |
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Legal
Address: |
251 LITTLE FALLS DRIVE WILMINGTON New Castle DE 19808, USA |
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Operative
Address: |
7255 Goodlett Farms Pkwy Cordova, Tennessee 38016-4909 United States |
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Telephone:
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901-383-5000 |
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Fax: |
901-383-5010 |
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Legal
Form: |
Limited Liability Company |
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Email: |
The company does not have an email |
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Registered
in: |
DELAWARE |
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Website:
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www.ldc.com |
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Contact: |
Jerry D. Harris, Chairman and Co-President |
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Staff:
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100 |
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Activity: |
NAICS 1: Other Farm Product Raw Material Merchant
Wholesalers NAICS 2: Piece Goods, Notions, and Other Dry Goods
Merchant Wholesalers SIC 1: Cotton Merchants And Products SIC 2: Textiles, Woven, Nec |
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BANKS
The company does not make its banking data public |
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HISTORY
The company used to be called LD Commodities Cotton LLC,
but changed its name to Louis Dreyfus Company Cotton LLC. The company was founded in 1921 and is based in Cordova,
Tennessee. |
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PRINCIPAL
ACTIVITY
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LOUIS DREYFUS COMPANY COTTON LLC distributes cotton in the
United States and internationally. |
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Products/Services
description: |
The company engages in the farming, origination,
processing, refining, storage, transportation, and distribution of
commodities, including oilseeds, grains, rice, coffee, cotton, sugar, juice,
dairy products, fertilizers and inputs, and metals, as well as provides
freight and finance services. |
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Brands: |
No brands registered |
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Sales
are: |
Wholesale |
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Clients: |
ECUACOTTON S.A . TEXTILES MAR Y SOL S.A. |
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Suppliers: |
NA |
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Operations
area: |
National and International |
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The
company exports to |
Ecuador |
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The
subject employs |
100 employees |
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Payments:
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Regular |
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LOCATION
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Headquarters
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7255 Goodlett Farms Pkwy Cordova, Tennessee 38016-4909 United States |
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Branches: |
PO BOX 26600 FRESNO CA 93729 6600, USA It has warehousing facilities in Memphis, Tennessee;
Morrow, Georgia; Jackson, the Mississippi; Charlotte, North Carolina;
Spartanburg and Greenville, South Carolina; and Ridgeway, Virginia. |
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Related
Companies: |
It has additional offices and agencies in Geneva,
Switzerland; Antwerpen, Belgium; Beijing, China; Hong Kong; Osaka; Asuncion,
Paraguay; New Delhi, India; Buenos Aires; São Paulo SP, Brazil. |
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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: |
It acts as a subsidiary of: Louis Dreyfus Company LLC 40 Danbury Rd Wilton, Connecticut 06897-4441 United States The company operates as a subsidiary of: Louis Dreyfus Commodities B.V. Westblaak 92 3rd Floor 3012 KM Rotterdam, P7 00000 Netherlands |
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Management:
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Jerry D. Harris, Chairman and Co-President Mr. Anthony L. Tancredi, Co-President and Head of
Worldwide Cotton Merchandising Mr. Thomas F. Malone Jr., Chief Operating Officer Mr. Frank M. Weathersby Jr., Chairman of the Advisory
Board and Executive Vice President Mr. Robert R. Waters, Treasurer and Director |
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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
2017 |
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Sales
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178
700 000 |
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Cash
flow |
Normal |
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LEGAL
FILINGS
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Lawsuits: |
Louis Dreyfus Company Cotton LLC v. APL CO. PTE LTD. et al Plaintiff: Louis Dreyfus Company Cotton LLC Defendant: APL CO. PTE LTD. and M/V Bremen Express Case Number: 1:2018cv00924 Filed: February 1, 2018 Court: New York Southern District Court Office: Foley Square Office County: XX Out of State Presiding Judge: Analisa Torres Nature of Suit: Marine Cause of Action: 28:1291 Jury Demanded By: None 401 Oak Grove, LLC v. Louis Dreyfus Company Cotton
Storage, LLC Plaintiff: 401 Oak Grove, LLC Defendant: Louis Dreyfus Company Cotton Storage, LLC Counter_claimant: Louis Dreyfus Company Cotton Storage,
LLC Counter_defendant: 401 Oak Grove, LLC Case Number: 1:2017cv01430 Filed: April 24, 2017 Court: Georgia Northern District Court Office: Atlanta Office County: XX US, Outside State Presiding Judge: Orinda D. Evans Nature of Suit: Other Contract Cause of Action: 28:1441 Jury Demanded By: Defendant |
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OFAC Sanctions
List Search: |
The company is not listed in the OFAC list. |
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SUMMARY
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Louis Dreyfus Company Cotton Llc is a mid-sized, relatively
new organization in the farm-product raw materials company’s industry located
in Cordova, TN. It opened its doors in and now has an estimated $118.0
million in yearly revenue and 100 employees. The company has 97 years of experience in the business. It mainly exports to Ecuador, with no import record. It is ACTIVE in Delware, USA. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH
FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
NA |
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POSITION |
Operator |
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COMMENTS |
She confirmed the company’s website as www.ldc.com.
She confirmed that the company does not have a company email. She could not
confirm the number of employees. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.80 |
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1 |
INR 92.26 |
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Euro |
1 |
INR 80.76 |
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USD |
1 |
INR 64.96 |
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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NIY |
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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
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.