MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
PARAMOUNT FARMS,
INC. |
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Registered Office : |
11444 Olympic
Blvd., |
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Country : |
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Date of Incorporation : |
30/01/1989 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Engaged in the
growing, harvesting, processing and wholesaling pistachios and almonds. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: PARAMOUNT
FARMS, INC.
Address: 11444
Olympic Blvd.
City:
State/Province:
Zip Code: 90064
Country: UNITED
STATES
Telephone: 310
966-4685
Facsimile: 310
966-4695
Founded
(D/M/Y): / /1976
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 400
Legal Form: Corporation
- Private
Website: www.paramountfarms.com
Business Activity: The Company is engaged in the growing,
harvesting, processing and wholesaling
pistachios
and almonds.
NOTE TO CLIENT
PERSON
CONTACTED: Receptionist,
no name provided
The Receptionist
confirmed the headquarters address and contact information all other inquires
were differed to Ms. Cristina Renosa in the accounting department. Several
detailed messages have been left for Ms. Renosa requesting company information.
As of this writing no response has been received. If, however a response is
received the report will be amended.
The address provided
on corresponds to a branch location the headquarters location is at the address
listed above.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 30/01/1989
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Delaware
Corporation:
--------------------
Entity Name:
PARAMOUNT FARMS, INC.
File Number: 2185946
Incorporation Date /
Formation Date: 01/30/1989
Entity Kind:
CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT
INFORMATION
Name: THE
PRENTICE-HALL CORPORATION SYSTEM, INC.
Address:
City:
State: DE Postal
Code: 19808
----------------------------------------------------------------------
-----------------------
PARAMOUNT FARMS,
INC.
Number: C1632993
Date Filed: 2/3/1989
Status: active
Jurisdiction:
Address
11444 W OLYMPIC BLVD
10TH FLOOR
LOS
Agent for Service of Process
CORPORATION SERVICE
COMPANY WHICH WILL DO BUSINESS IN CALIFORNIA AS
CSC - LAWYERS
INCORPORATING SERVICE
Managers/Key
Personnel
Mr. Stewart
Resnick President
Mr. Greg Dunn Chief Financial Officer
Mr. David
Szeflin Vice President
AFFILIATED ENTITIES
We could not learn
the names of affiliated companies.
Parent Companies
Parent Company: ROLL
INTERNATIONAL CORPORATION
11444 West Olympic Boulevard
LOS ANGELES CA 90064
UNITED STATES
SUBSIDIARIES:
The Franklin Mint
Paramount Farming
Company
Paramount Citrus
Association
Teleflora LLC
Bundy Properties.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
We could not obtain any
bank information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-08 00-00 0000000 2300
400 100 0 0
0 0 CUST 24 YR
CHEMICALS
07-09 00-00 CREDIT 1100 1100
100 0 0 0 0
CHEMICALS
07-10 07-09 NET 30 82600 74400
9 91 0
0 0
CONST MACH 07-10 06-06 NET PRX 2700 0
0 0 0 0 0
EQUIPMENT
07-09 07-06 NET PRX 800
0 0 0
0 0 0
GENERAL
07-09 00-00 CONTRCT 0
0 0 0
0 0 0
MED SUPPLY 07-07 00-00 VARIED 10100
300 100 0 0
0 0
PACKAGING
07-10 00-00 NET 30 0 0
0 0 0
0 0 CUST
3 YR
PETROLEUM
07-10 07-09 NET 20 316400 271500
48 52 0
0 0
TRUCK DLR
07-10 00-00 CONTRCT 500
0 0 0
0 0 0
UTILITY
07-07 00-00 NET 15 474500 474500
100 0 0 0 0
BLDG MATRL 06-09 00-00 N15PRXO 1800 0
0 0 0
0 0
CELLUL/PAG 06-12 06-11 NET 30 100
0 0 0
0 0 0
COMPUTERS
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
ELEC EQUIP 05-01 00-00 NET 30 200
0 0 0 0 0 0
ELEC SUPLR 05-04 00-00 VARIED 700
0 0 0
0 0 0
EQUIPMENT
06-07 00-00 NET 30 0 0
0 0 0
0 0
FINCL SVCS 07-05 00-00 NET 20 11000
11000 100 0 0 0 0
GENERAL
05-02 02-12 NET 30 0 0
0 0 0
0 0 CUST
7 YR
LUMBR& WOOD 07-04 07-03 NET 10 3800
3800 100 0 0
0 0
SERVICES
06-04 05-11 VARIED 4800 0
0 0 0
0 0
TEMP HELP
07-05 07-06 ROI 8400 1900
100 0 0 0 0
TELECOM
06-10 00-00 NET30 1200 0
0 0 0
0 0
TELECOM
07-05 07-02 NET 30 100 0
0 0 0
0 0 CUST
8 YR
TRUCK EQP
05-12 00-00 VARIED 400 0
0 0 0
0 0
CURRENT QUARTER 889900 821100
75 25 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070900
0 8 0 539900 100 0
0 0 0
20070800
0 9 0 581400 100 0
0 0 0
20070700
0 9 1 280200 91
9 0 0 0
20070600
0 9 3 325800 79
21 0 0 0
20070500
0 6 0 113200 100 0
0 0 0
20070400
0 5 7 198100 51
49 0 0 0
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Third
2007 0 575800 97
3 0 0 0
Second
2007 2 236200 87
13 0 0 0
First
2007 5 130600 66
34 0 0 0
Fourth
2006 8 361600 50
50 0 0 0
Third
2006 0 448900 100 0
0 0 0
FINANCIAL
INFORMATION
We could not obtain
any financial information and outside sources provided no insight into the
financial status of the company.
CURRENT OPERATIONS
NAICS Code: 311911
Roasted Nuts and Peanut Butter Manufacturing
SIC Code: 2068
Number of
Employees: 400
Business Activity:
The Company is
engaged in the growing, harvesting, processing and wholesaling pistachios and
almonds.
The products are
distributed internationally.
The above address is
the headquarters for the Subject.
There is a plant and
farm at the address listed below
13646 Highway 33,
Lost Hills, CA
93249, Tel:
661-797-6500. The plant is 900,000 square feet in size.
PUBLIC RECORD
Name Searched:
PARAMOUNT FARMS INC.
Case Name:
BARDETSKAYA NINA, et al v. PARAMOUNT FARMS INC
Case Type: CIVIL
Civil Case Number:
NC 036770
Filing Date:
03/23/2005
Secured Party:
PLAINTIFF DEFENDANT COMMENT
BARDETSKAYA NINA
PARAMOUNT FARMS INC
GREENE JEFFREY
PARAMOUNT FARMS INC
GRIFFIN BETTY PARAMOUNT
FARMS INC
GRIFFIN DONALD
PARAMOUNT FARMS INC
KELLEY PATRICIA
PARAMOUNT FARMS INC
KELLEY WILLIAM
PARAMOUNT FARMS INC
NEGRETE ELARDIO
PARAMOUNT FARMS INC
NEGRETE GUADALUPE
PARAMOUNT FARMS INC
SCHILDKNECHT LOIS
PARAMOUNT FARMS INC
YANDELL PAUL
PARAMOUNT FARMS INC
YANDELL PRISCILLA
PARAMOUNT FARMS INC
-----------
Name Searched:
PARAMOUNT FARMS INC.
Case Number: 255895
Case Type:
CIVIL-PERSONAL INJURY OTHER
Defendant: PARAMOUNT
FARMS INC
Filing Date:
7/6/2005
Filing Type: CIVIL
Plaintiff: BALL JUDY
-----------
Name Searched:
PARAMOUNT FARMS INC.
Case Name: GARCIA
IGNACIO v. AMERICAN PROT INDUST, et al
Case Type: CIVIL
Civil Case Number:
SC 071511
Filing Date:
03/29/2002
Secured Party:
PLAINTIFF DEFENDANT COMMENT
GARCIA IGNACIO
AMERICAN PROT INDUST
GARCIA IGNACIO P F I
AGRIBUSINESS CO INC
GARCIA IGNACIO
GARCIA IGNACIO
PARAMOUNT CITRUS ASSN INC
GARCIA IGNACIO
PARAMOUNT CITRUS EXCH
GARCIA IGNACIO
PARAMOUNT FARMS INC
GARCIA IGNACIO
PARAMOUNT GROWERS COOP INC
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Name Searched: PARAMOUNT
FARMS INC.
Debtors: PARAMOUNT
FARMS INC [BUSINESS]
11444 OLYMPIC BLVD
LOS
Filing Date:
11/29/2000
Filing Number:
0033660639
History: Date Time
Number Type
09/12/2005 12:44 PM
0570410195 CONTINUATION
Secured Party: NMHG FINANCIAL
SERVICES, INC [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
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Name Searched:
PARAMOUNT FARMS INC.
Case Name: CONOPCO
INC, et al v. ROLL INTERNATL CORP, et al
Case Type: CIVIL
Civil Case Number:
BC 243968
Filing Date:
01/25/2001
Secured Party:
PLAINTIFF DEFENDANT COMMENT
CONOPCO INC ROLL
INTERNATL CORP
UNILEVER UNITED
STATES INC PARAMOUNT FARMS INC
UNILEVER UNITED
STATES INC ROLL INTERNATL CORP
-----------
Name Searched:
PARAMOUNT FARMS INC.
Defendant Counsel:
Heath, Levi William [COR LD NTC]
Akin Gump Strauss
Hauer & Feld
Century Twr Plz 2029
Century Park E,
310-229-1000 Email:
LHEATH@AKINGUMP.COM
Barrick, Stephen J
[COR LD NTC]
Akin Gum
Defendant: Paramount
Farms, Inc
Massey-Fair
Industrial, Inc
COUNTER CLAIMANT:
Paramount Farms, Inc
COUNTER DEFENDANT:
Great Host International, Inc
Filing Date:
4/6/2007
Filing Type: Civil
Plaintiff Counsel:
Azar, Phillip, II [COR LD NTC]
Attorney at Law
Offices
713-752-2000
Plaintiff: Great
Host International, Inc Doing Business as Andalucia Nuts
Company
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Name Searched:
PARAMOUNT FARMS INC.
Case Name:
SAMIMI-BERJIS PARVANEH v. COSTCO WHOLESALE CORPORATION, et. al
Case Type: CIVIL
Civil Case Number:
GIC860869
Defendant: COSTCO
WHOLESALE CORPORATION
PARAMOUNT FARMS INC
Filing Date:
02/03/2006
Plaintiff:
SAMIMI-BERJIS PARVANEH
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Name Searched:
PARAMOUNT FARMS INC.
Case Name: Paramount
Farms Inc. v. Amin Ali, et al
Case Type: CIVIL
Civil Case Number:
BC 338660
Filing Date:
08/22/2005
Secured Party:
PLAINTIFF DEFENDANT COMMENT
Paramount Farms Inc.
Amin Ali
Paramount Farms Inc.
Primex International Trading
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Name Searched:
PARAMOUNT FARMS INC.
Defendant Counsel:
Asch, Andrew Eric [COR LD NTC]
Roll International
Corporation Legal Department
11444 West Olympic
Boulevard, 10TH Floor
310-966-5700 Email:
Aasch@roll.com
Abbott, Sarah C [COR
LD NTC]
Roll I
Defendant: Paramount
Farms Inc A Delaware Corporation
Does 1-50 Inclusive
Demand: $ 75,000
Filing Date:
11/6/2006
Filing Type: Civil
Plaintiff Counsel:
Taylor, D Clay [COR LD NTC]
D Clay Taylor Law
Offices
1300 Nicollet Mall
5002 Merchandise Mart
612-904-7376
Humphrey, J Scott
[COR LD NTC]
818-753-3184
Plaintiff: Klass
Ingredients Inc A New York Corporation
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Name Searched:
PARAMOUNT FARMS INC.
Case Name: O'BRIEN-PLUNKETT
THERESA v. COSTCO WHOLESALE CORPORATION, et al
Case Type: CIVIL
Civil Case Number:
PC 038797
Filing Date:
05/18/2006
Secured Party:
PLAINTIFF DEFENDANT COMMENT
O'BRIEN-PLUNKETT
THERESA COSTCO WHOLESALE CORPORATION
O'BRIEN-PLUNKETT THERESA
PARAMOUNT FARMS INC.
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Name Searched:
PARAMOUNT FARMS INC.
Case Number: 258225
Case Type: OTHER
CIVIL COMPLAINTS
Defendant: PARAMOUNT
FARMS INC
Filing Date:
5/22/2006
Filing Type: CIVIL
Plaintiff: LEON JOSE
ALBERT
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Name Searched:
PARAMOUNT FARMS INC.
Case Number: 258825
Case Type:
CIVIL-PERSONAL INJURY OTHER
Defendant: DREIS AND
KRUMP
PARAMOUNT FARMS INC
Filing Date:
8/8/2006
Filing Type: CIVIL
Plaintiff: HUGHES
RICHARD
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Name Searched:
PARAMOUNT FARMS INC.
Parties: ANDRADE
SALUD (CROSS-DEFENDANT)
CARMONA JOSE
(CROSS-DEFENDANT)
ESTATE OF SALUD
ANDRADE (CROSS-DEFENDANT)
ORANGE COVE-SANGER
CITRUS ASSOCIATION (CROSS-COMPLNT)
PARAMOUNT CITRUS ASSOCIATION
(CROSS-COMPLNT)
PARAMOUNT CITRUS
ASSOCIATION (CROSS-DEFENDANT)
Case Number: 248679
Case Type: PERSONAL
INJURY OTHER
Defendant: AMERICAN
PROTECTION INDUSTRIES
ORANGE COVE-SANGER
CITRUS ASSOCIATION
PARAMOUNT CITRUS
PARAMOUNT CITRUS ASSOCIATION
INC
PARAMOUNT CITRUS
ASSOC INC
PARAMOUNT CITRUS
CORPORATION
PARAMOUNT CITRUS
EXCHANGE
PARAMOUNT FARMS INC
PARAMOUNT GROWERS
COOPERATIVE INC
PFI AGRIBUSINESS CO
INC
PFI AGRIBUSINESS
COMPANY INC
Filing Date:
10/21/2002
Filing Type: CIVIL
Plaintiff: GARCIA
AGNACIO
GARCIA IGNACIO
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Name Searched:
PARAMOUNT FARMS INC.
Case Name:
CHRISTENSEN BRETT, et al v. BEN& JERRYS HOMEMADE INC, et al
Case Type: CIVIL
Civil Case Number:
BC 243856
Filing Date:
01/24/2001
Secured Party:
PLAINTIFF DEFENDANT COMMENT
CHRISTENSEN BRETT
BEN& JERRYS HOMEMADE INC
FILING DATE:
01/24/2001
CHRISTENSEN BRETT
VONS CO INC
FILING DATE:
01/24/2001
VONS CO INC
PARAMOUNT FARMS INC AMENDMENT
FILING DATE:
04/25/2001
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A search of bankruptcy
courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
Paramount Farms Inc.
is a well established firm, engaged in the growing and processing of pistachios
and almonds. Payment record is satisfactory. There are several civil suits
filed against the company, the status is uncertain as no further information is
currently available at this time. No bankruptcy petitions have been filed by
the company. There are several civil
suits filed against the company, the status is uncertain as no further
information is currently available at this time. No bankruptcy petitions have
been filed by the company.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)