MIRA INFORM REPORT

 

 

Report Date :

11.08.2011

 

IDENTIFICATION DETAILS

 

Name :

WHOLE FOODS MARKET INC

 

 

Registered Office :

550 Bowie St Austin, TX 78703-4694

 

 

Country :

United States

 

 

Financials (as on) :

26.09.2010

 

 

Date of Incorporation :

15.08.1978

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Ownership and operation of natural and organic food supermarkets.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 3,000,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Normal

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

Legal Name:

Whole Foods Market INC

 

 

Legal Address

550 Bowie St Austin, TX 78703-4694 USA

Operative Address

550 Bowie St Austin, TX 78703-4694 USA

Telephone:

+1 (512) 477-4455

ID :

0044435900

Fax:

+1 (512) 482-7000

Legal Form:

Corporation for Profit

Email:

info@wholefoodsmarket.com

Registered in:

Texas

Website:

http://wholefoodsmarket.com

Date Created:

1978

Manager:

Mr. John P. Mackey Co-Founder, Co-Chief Exec. Officer

Date Incorporated:

August 15th 1978

Staff:

61,000

Stock:

172,953,403

 

 

Value:

No Par Value

Activity:

Ownership and operation of natural and organic food supermarkets.

 

 

BANKS

 

Name of the Bank

JPMorgan Chase Bank

 

Name of the Bank

Wells Fargo Bank

BUSINESS

 

HISTORY

 

The company was created in 1980.

PRINCIPAL ACTIVITY

 

Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets.

Products/Services description:

 

It offers produce, seafood, grocery, meat and poultry, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins. It also provides specialty products, such as beer, wine, and cheese; body care and educational products, such as books; and floral, pet, and household products.

Sales are:

 

Retail

Clients:

 

General Clients

Operations area:

 

National, International

The company imports from Worldwide

The company export to Canada United Kingdom

Competitors:

 

Local, regional, national and international conventional and specialty supermarkets, etc.

The subject employs 61,000 employee(s)

 

 

 

 

PAYMENTS

 

made on a 55 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at 550 Bowie Street

Austin, TX 78703-4644 United States

The property is:

 

Owned

Branches:

 

As of September 27, 2009, the company operated 284 stores comprising 273 stores in 38 U.S. states and the District of Columbia; 6 stores in Canada; and 5 stores in the United Kingdom.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

YES

Capital:

 

% of Shares Held by All Insider and 5% Owners:  NaN

% of Shares Held by Institutional & Mutual Fund Owners:  NaN

% of Float Held by Institutional & Mutual Fund Owners:     NaN

Number of Institutions Holding Shares:     -

 

Shareholders Parent Company(ies):

 

Major Direct Holders (shares)

SOKOLOFF JONATHAN D: N/A 

SEIFFER JONATHAN A: N/A     

MACKEY JOHN P: 1,051,266    

SUD JAMES P: 134,706

GREEN EQUITY INVESTORS V, L.P: 127,252

 

Top Institutional Holders (%)

 

Leonard Green & Partners, L.P.: 9.89%

BAILLIE GIFFORD AND COMPANY: 7.06%

JENNISON ASSOCIATES LLC: 6.47%

PRICE (T.ROWE) ASSOCIATES INC: 4.70%

VANGUARD GROUP, INC. (THE): 4.32%

STATE STREET CORPORATION: 3.12%

FMR LLC: 2.82%

COLUMBUS CIRCLE INVESTORS: 2.79&

American Century Companies, Inc.:2.75&

NORTHERN TRUST CORPORATION: 2.25%

 

Top Mutual Fund Holders (%)

 

GROWTH FUND OF AMERICA INC: 1.69&

HARBOR CAPITAL APPRECIATION FUND: 1.51%

PRICE (T.ROWE) MID CAP GROWTH FUND: 1.42%

VANGUARD MID-CAP INDEX FUND: 1.00%

Wells Fargo Advantage Growth Fd: 0.97%

FIDELITY GROWTH COMPANY FUND: 0.94%

VANGUARD TOTAL STOCK MARKET INDEX FUND: 0.91%

Powershares Exhg Traded Fd Tr-Powershares QQQ Tr, Series 1: 0.89%

FIDELITY BLUE CHIP GROWTH FUND: 0.88%

AMCAP FUND: 0.77%

Management:

 

Glenda Flanagan, Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

John Mackey, Co-Chief Executive Officer and Director (Principal Executive Officer)

Walter Robb, Co-Chief Executive Officer and Director (Principal Executive Officer)

Dr. John B. Elstrott, Chairman of the Board

Gabrielle E. Greene, Director

Shahid M. Hassan, Director

Stephanie Kugelman, Director

Jonathan A. Seiffer, Director

Morris J. Siegel, Director

Jonathan D. Sokoloff, Director

Dr. Ralph Z. Sorenson, Director

William A Tindell, Director

Related Companies:

 

Allegro Coffee Company

Fresh & Wild Holding Limited     

Fresh & Wild Limited     

Mrs. Gooch’s Natural Food Markets, Inc.

Nature’s Heartland, Inc. 

The Sourdough, A European Bakery, Inc.

WFM Beverage Corp.    

WFM Beverage Holding Company          

WFM Gift Card, LLC      

WFM Hawaii, LLC         

WFM IP Investments, Inc.          

WFM IP Management, Inc.        

WFM Northern Nevada, Inc.       

WFM Private Label Management, Inc.     

WFM Private Label, L.P.

WFM Procurement Investments, Inc.      

WFM Properties Holdings, Inc.   

WFM Purchasing Management, Inc.       

WFM Purchasing, L.P.  

WFM Select Fish, Inc.  

WFM Southern Nevada, Inc.      

WFM-WO, Inc. 

Whole Food Company, Inc.        

Whole Foods Market — WO, Inc.           

Whole Foods Market California, Inc.       

Whole Foods Market Canada, Inc.          

Whole Foods Market Distribution, Inc.    

Whole Foods Market Finance, Inc.         

Whole Foods Market Group, Inc.

Whole Foods Market IP, L.P.     

Whole Foods Market Pacific Northwest, Inc.       

Whole Foods Market Procurement, Inc.  

Whole Foods Market Rocky Mountain/Southwest I, Inc.   

Whole Foods Market Rocky Mountain/Southwest, L.P.    

Whole Foods Market Services, Inc.        

Whole Foods Market Southwest Investments, Inc.           

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

The subject is a public company traded at the stock exchange NASDAQ: WFM. Please find enclosed the financial statements.

 

Legal Fillings

 

There are 5 UCCs files listed with the Secretary of State of Texas.

 

 

There are various claims, lawsuits, and pending actions against the Company and its subsidiaries incident to the operations of its businesses. It is the opinion of management, after consultation with counsel, that the ultimate resolution of such claims, lawsuits and pending actions will not have a material adverse effect on the Company’s consolidated financial position, results of operations or liquidity.

 

 

For information:

 

The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America. 

 

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

 

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

 

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

 

 



 Rating

 

Local credit bureau gave a Correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

WHOLE FOODS MARKET INC is a public company that trades at the NASDAQ stock exchange.

 

It is a big sized US company as it currently has a staff of 61,000 employees.

 

It was incorporated for business in 1978. Therefore, it has more than 32 years of experience.

 

Whole Foods Market, Inc. engages in the ownership and operation of natural and organic food supermarkets.

The income per employee remains pretty good for the company’s size.

 

Credit line may be considered for USD 3,000,000-.

 

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public Records

YES

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.20

UK Pound

1

Rs.73.51

Euro

1

Rs.64.76

 

 

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

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

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.