MIRA
INFORM REPORT
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Report Date : |
19.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
SCHREIBER FOODS INTERNATIONAL, INC. |
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Registered Office : |
300 Corporate Drive,
Mahwah, NJ 07430 |
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Country : |
United States |
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Date of Incorporation : |
04.28.1980 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Importer and Distributor
Groceries |
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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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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Maximum |
USD 500,000 |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Stable |
IDENTIFICATION
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Company Name: |
SCHREIBER FOODS INTERNATIONAL, INC. |
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Address: |
300 Corporate Drive, Mahwah, NJ 07430 - USA |
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Phone: Facsimile: Website: ID: State: Managers: |
201-327-3535 |
Date founded: |
04-28-1980 Corporation - Profit 2,500 shares common no par value 18 |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Importer and distributor groceries |
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BANKS
Bank of America
The Bank of New York…
BUSINESS
The Company is doing
business under AMBROSIA QUALITY FOODS.
Schreiber Foods
International has been importing canned and preserved fruits, vegetables, tuna
and specialty foods for the Foodservice Directory of fast food brands,
restaurant franchises and chains, restaurants.
Brands include AMBROSIA and
COCO LOPEZ.
At above address, we find a
warehouse and office, on 6,500 sq. foot, on rent.
The Company maintains
warehouses in Houston, TX and Los Angeles, CA.
The Company make purchases
in the U.S. and imports from worldwide.
Payments are made usually
on a 60 days net.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The parent company is:
SCHREIBER FOODS INC.
425 Pine Street
Green Bay, WI 54301
Ph: 920-437-7601
Fx: 920-437-1617
Founded in 1945, Schreiber Foods Inc. is a global enterprise and among
the world s largest privately held cheese
companies. Schreiber Foods provides products to fast food restaurants
and store-brand cheese products to
grocery chains and wholesalers. It has production facilities throughout
the United States, Brazil, Germany and
Mexico. The company has distribution centers in the United States, as
well as joint venture partners in France,
India and Saudi Arabia.
The President is Howard
SCHREIBER.
Vice President icnlude
Scott SMOLLAR and Scott LEAH.
Patricia SCHREIBER is
Secretary and Treasurer.
They are involved in other
corporations including the parent company.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company, that
corporation does not publish any financials.
An estimate sale for year
2006 is in the range of USD 18,900,000=
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Fiscal Year |
2006 |
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TURNOVER
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18,900,000 |
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GROSS
PROFIT |
N.A. |
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NET
INCOME |
2,300,000 |
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LIABILITIES |
700,000 |
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Cash-flow is said to be
regular and the business is profitable.
There is one active UCC
file # 1334744, listed with the Secretary of State of New Jersey.
No legal filing listed with
the District Court
Branch payments trend:
In the North East, during
the year 2006:
- 4% of the were
developing the business on a low risk of late payment,
- 88%, on a medium risk,
and
- 8% on a high risk of late payment.
- 40% of them saw sales
stable versus last 3 years
- 60% saw the business
declining.
RATING
Local credit bureau gave a
correct credit rate.
The Company is in “good
standing”.
This means only that all
local and federal taxes were paid on due date.
Last annual report was filed
on February 13, 2007.
Our final opinion:
- This is a medium size
business working on the regional north east market.
- As far as we know,
payments are made on 36 days basis.
A credit line may be
considered.
A business connection may be
conducted.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Satisfying Controlled Regular |
PUBLIC PAYMENTS |
No Regular |
ADVISED
CREDIT
USD 500,000
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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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%)