MIRA INFORM REPORT
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Report Date : |
20.08.2011 |
IDENTIFICATION DETAILS
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Name : |
SAPUTO CHEESE USA INC |
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Registered Office : |
800 E Paige Ave, Tulare, CA 93274-6863 |
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Country : |
United States |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Branch Company |
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Line of Business : |
Manufacturing Natural Cheese |
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 : |
$50,000 (USD) |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Saputo Cheese USA Inc
800 E Paige Ave
Tulare, CA 93274-6863
United States
Tel: 559-687-8411
Fax: 559-687-6330
Synthesis
Employees: 250
Company Type: Private Branch
Corporate Family: 59
Companies
Ultimate Parent: Saputo
Inc.
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 222.5
Total Assets: NA
Business Description
Establishments
primarily engaged in manufacturing natural cheese (except cottage cheese),
processed cheese, cheese foods, cheese spreads, and cheese analogs (imitations
and substitutes). These establishments also produce by-products, such as raw
liquid whey.
Industry
Industry Food Processing
ANZSIC 2006: 1133 - Cheese and
Other Dairy Product Manufacturing
NACE 2002: 1551 - Operation
of dairies and cheese making
NAICS 2002: 311513 - Cheese
Manufacturing
UK SIC 2003: 15512 - Butter and
cheese production
US SIC 1987: 2022 - Natural,
Processed, and Imitation Cheese
Key Executives
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Name |
Title |
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Bill Schrieber |
President & Chief Executive Officer |
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Susan Guard |
Director-Human Resources |
News
|
Title |
Date |
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DCI Cheese
Company Enters Definitive Merger Agreement With Saputo Inc. |
23-Feb-2011 |
|
DCI Cheese
Company Enters Definitive Merger Agreement With Saputo Inc. |
21-Feb-2011 |
|
Giordano's
to continue operating despite bankruptcy filing |
18-Feb-2011 |
|
DCI Cheese
Company Enters Definitive Merger Agreement With Saputo Inc. |
17-Feb-2011 |
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
800 E Paige Ave
Tulare, CA, 93274-6863
Tulare County
United States
Tel: 559-687-8411
Fax: 559-687-6330
Sales USD(mil): 222.5
Assets USD(mil): NA
Employees: 250
Industry: Food
Processing
Company Type: Private
Branch
Quoted Status: Not
Quoted
President & Chief
Executive Officer: Bill
Schrieber
Contents
· Industry Codes
· Business Description
· Financial Data
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
3603 - Dairy Produce Wholesaling
1133 - Cheese and Other Dairy Product Manufacturing
NACE 2002 Codes:
5133 - Wholesale of dairy produce, eggs and edible oils and fats
1551 - Operation of dairies and cheese making
NAICS 2002 Codes:
311513 - Cheese Manufacturing
424430 - Dairy Product (except Dried or Canned) Merchant Wholesalers
US SIC 1987:
5143 - Dairy Products, Except Dried or Canned
2022 - Natural, Processed, and Imitation Cheese
UK SIC 2003:
51331 - Wholesale of dairy produce
15512 - Butter and cheese production
Business
Description
Establishments
primarily engaged in manufacturing natural cheese (except cottage cheese),
processed cheese, cheese foods, cheese spreads, and cheese analogs (imitations
and substitutes). These establishments also produce by-products, such as raw
liquid whey.
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Credit Report as of 02/01/2011
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Location |
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800 E Paige Ave |
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County: |
Tulare |
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MSA: |
Visalia, CA |
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Phone: |
559-687-8411 |
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Fax: |
559-687-6330 |
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URL: |
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ABI©: |
598378537 |
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Annual Sales: |
$222,500,000 (USD) |
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Employees: |
250 |
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Facility Size(ft2): |
40,000+ |
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Business Type: |
Private |
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Location Type: |
Branch |
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Corp. Affiliation: |
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RECOMMENDED
CREDIT LIMIT * |
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$50,000 (USD) |
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Primary Line of
Business: |
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SIC: |
2022-01 - Cheese Processors (Mfrs) |
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NAICS: |
311513 - Cheese Mfg |
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Secondary Lines of
Business: |
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SICs: |
5143-01 - Cheese-Wholesale |
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NAICS: |
424430 - Dairy Prod Merchant Whols |
Table of Contents
Profile Links
· Similar Businesses in the Area
· Closest Neighbors
External Links
· Parent OneSource Profile
· Similar Businesses in the Area *
Marquez Brothers
International
179 S 11th Ave
Hanford, CA 93230-5056
Leprino Foods Co
351 Belle Haven Dr
Lemoore, CA 93245-9247
Land O'Lakes
Industrial Cheese
400 S M St
Tulare, CA 93274-5431
Leprino Foods Co
490 F St
Lemoore, CA 93245-2661
Saputo Cheese USA
Inc
901 E Levin Ave
Tulare, CA 93274-6525
Hilmar Cheese Co
9001 Lander Ave
Hilmar, CA 95324-8320
Saputo Cheese USA
Inc
691 Inyo Ave
Newman, CA 95360-1403
Los Banos Foods
Inc
1175 E Pacheco Blvd
Los Banos, CA 93635-4331
Peluso Co
429 H St
Los Banos, CA 93635-4113
* Similar Businesses are
defined as the closest businesses sharing the same six-digit primary SIC code (
2022-01 - Cheese Processors (Mfrs)) regardless of size.
Closest Neighbors
Joe Coelho
Trucking
671 E Paige Ave
Tulare, CA 93274-6858
K C Russell &
Son
375 E Paige Ave
Tulare, CA 93274-8902
L & M
Irrigation
375 E Paige Ave
Tulare, CA 93274-8902
Baker Distributing
Co
695 E Paige Ave
Tulare, CA 93274-6858
Evans & Sons
Hay Harvesting
497 E Paige Ave
Tulare, CA 93274-6854
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 59 |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Saint Leonard, QC |
Canada |
Food Processing |
5,925.5 |
10,200 |
|
|
Subsidiary |
Lincolnshire, IL |
United States |
Food Processing |
|
1,850 |
|
|
Branch |
Lena, WI |
United States |
Food Processing |
412.8 |
430 |
|
|
Branch |
Tulare, CA |
United States |
Food Processing |
222.5 |
250 |
|
|
Branch |
Tulare, CA |
United States |
Food Processing |
178.0 |
200 |
|
|
Branch |
Big Stone City, SD |
United States |
Retail (Grocery) |
21.9 |
190 |
|
|
Branch |
Fond Du Lac, WI |
United States |
Retail (Grocery) |
17.3 |
150 |
|
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Branch |
Tulare, CA |
United States |
Food Processing |
171.9 |
130 |
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Branch |
New London, WI |
United States |
Retail (Grocery) |
9.8 |
85 |
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Branch |
Hancock, MD |
United States |
Food Processing |
25.0 |
75 |
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Branch |
Sainte-Marie, QC |
Canada |
Food Processing |
362.0 |
700 |
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Branch |
Burnaby, BC |
Canada |
Fish and Livestock |
179.1 |
350 |
|
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Branch |
Saint-Raymond, QC |
Canada |
Retail (Grocery) |
39.7 |
270 |
|
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Subsidiary |
Georgetown, ON |
Canada |
Food Processing |
70.3 |
250 |
|
|
Branch |
Abbotsford, BC |
Canada |
Fish and Livestock |
34.5 |
120 |
|
|
Branch |
Trenton, ON |
Canada |
Retail (Grocery) |
16.2 |
110 |
|
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Subsidiary |
Newman, CA |
United States |
Food Processing |
89.0 |
100 |
|
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Branch |
Woodbridge, ON |
Canada |
Retail (Grocery) |
14.8 |
100 |
|
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Branch |
Saint-Leonard, QC |
Canada |
Food Processing |
25.6 |
60 |
|
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Subsidiary |
Richfield, WI |
United States |
Retail (Grocery) |
460.0 |
50 |
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|
Branch |
Suamico, WI |
United States |
Food Processing |
45.0 |
200 |
|
|
Branch |
Santa Rosa, CA |
United States |
Food Processing |
106.8 |
120 |
|
|
Branch |
Bentonville, AR |
United States |
Food Processing |
27.3 |
24 |
|
|
Branch |
Quebec, QC |
Canada |
Food Processing |
25.2 |
48 |
|
|
Branch |
Surrey, BC |
Canada |
Fish and Livestock |
13.0 |
45 |
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Branch |
Winkler, MB |
Canada |
Fish and Livestock |
9.6 |
35 |
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Branch |
Delta, BC |
Canada |
Food Processing |
39.7 |
27 |
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Branch |
Wetaskiwin, AB |
Canada |
Fish and Livestock |
6.2 |
22 |
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|
Branch |
Grande Prairie, AB |
Canada |
Fish and Livestock |
5.7 |
20 |
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Branch |
Saint John, NB |
Canada |
Fish and Livestock |
5.7 |
20 |
Executive report
|
Executives |
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President & Chief Executive Officer |
Chief Executive Officer |
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Director-Human Resources |
Human Resources Executive |
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DCI Cheese Company
Enters Definitive Merger Agreement With Saputo Inc.
DCI Cheese Company
Economics &
Business Week: 23 February 2011
[What follows is the full text of the news story.]
DCI Cheese Company
("DCI") announced that the company has entered into a definitive
merger agreement whereby Saputo Cheese USA Inc., a wholly owned subsidiary of
Saputo Inc., will acquire Fairmount Cheese Holdings Inc.
("Fairmount"), parent company of DCI Cheese Co. The transaction is
anticipated to be completed in March 2011.
"We are very
excited to become a part of the Saputo team," says Michael Mulhern, CEO of
Fairmount. "Saputo is a high performance organization with significant manufacturing
and operational resources which will enhance our ability to better serve
customers."
Saputo produces,
markets and distributes a wide array of products of the utmost quality,
including cheese, fluid milk, yogurt, dairy ingredients and snack-cakes. Saputo
is the 12th largest dairy processor in the world, the largest in Canada, the
third largest in Argentina, among the top 3 cheese producers in the United
States and the largest snack-cake manufacturer in Canada. Saputo's products are
sold in more than 40 countries under well-known brand names such as Saputo,
Alexis de Portneuf, Armstrong, Baxter, Dairyland, Danscorella, De Lucia,
Dragone, DuVillage 1860, Frigo Cheese Heads, Kingsey, La Paulina, Neilson,
Nutrilait, Ricrem, Stella, Treasure Cave, HOP&GO!, Rondeau and Vachon.
Saputo is a publicly traded company whose shares arelisted on the Toronto Stock
Exchange under the symbol SAP.
DCI Cheese Company
Enters Definitive Merger Agreement With Saputo Inc.
Daily Pak Banker
(Pakistan): 21 February 2011
[What follows is
the full text of the news story.]
Karachi, Feb. 21
-- DCI Cheese Company ("DCI") today announced that the company has
entered into a definitive merger agreement whereby Saputo Cheese USA Inc., a
wholly owned subsidiary of Saputo Inc., will acquire Fairmount Cheese Holdings
Inc. ("Fairmount"), parent company of DCI Cheese Co. The transaction
is anticipated to be completed in March 2011. "We are very excited to
become a part of the Saputo team," says Michael Mulhern, CEO of Fairmount.
"Saputo is a high performance organization with significant manufacturing
and operational resources which will enhance our ability to better serve
customers." Saputo produces, markets and distributes a wide array of
products of the utmost quality, including cheese, fluid milk, yogurt, dairy
ingredients and snack-cakes. Saputo is the 12th largest dairy processor in the
world, the largest in Canada, the third largest in Argentina, among the top 3
cheese producers in the United States and the largest snack-cake manufacturer
in Canada. Saputo's products are sold in more than 40 countries under
well-known brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter,
Dairyland, Danscorella, De Lucia, Dragone, DuVillage 1860, Frigo Cheese Heads,
Kingsey, La Paulina, Neilson, Nutrilait, Ricrem, Stella, Treasure Cave,
HOP&GO!, Rondeau and Vachon. Saputo is a publicly traded company whose
shares are listed on the Toronto Stock Exchange under the symbol SAP Published
by HT Syndication with permission from Daily Pak Banker. For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
Giordano's to continue operating despite bankruptcy
filing
Chicago Tribune (IL): 18 February 2011
[What follows is the full text of the news story.]
Feb.
18--Giordano's, known for its "world famous Chicago stuffed pizza,"
won court approval Thursday to use a portion of its $36 million bankruptcy loan
to continue operating.
Fifth Third Bank
provided the financing. The bank agreement outlines the possible sale of the
company.
Giordano's
operates six company-owned stores in the Chicago area, four joint-venture
stores and 35 franchisee locations, according to its court filing. Giordano's
also sells frozen stuffed pizzas via overnight delivery.
The pizza chain
and 32 affiliate businesses filed for Chapter 11 bankruptcy reorganization
Wednesday in federal court in Chicago. It owes $45.7 million to its main
lender, Fifth Third Bank, according to the filing.
In addition to Giordano'sEnterprises
Inc., affiliated businesses that filed for bankruptcy include Americana Foods
Inc. of Mount Prospect, a major food supplier to Giordano's restaurants in
Illinois, and Randolph Partners LP, a real estate holding company that owns 12 buildings
leased to four company-owned restaurants, two joint ventures and six
franchisees.
Giordano's was
founded in 1974 by Efren and Joseph Boglio, immigrants from Argentina. In 1988
John and Eva Apostolou purchased control of the casual dining eatery that
offered an array of Italian food but was primarily known for its stuffed pizza.
Beginning in 2005
the chain expanded outside Illinois for the first time, opening six stores in
northern and central Florida, according to the filing.
Calls to lawyers involved
in the filing weren't returned Thursday.
According to the
filing, major unsecured creditors include Saputo Cheese USA, with a claim of
$426,678; Bartlett-based Greco & Sons Inc., with a claim of $213,694;
Giordano'sAdvertising Fund, with a claim of $150,777; Heinz North America, with
a claim of $131,801; and Tardella Foods Inc., with a claim of $29,963.
Giordano's is the
latest big Chicago restaurant chain to declare bankruptcy in the last 14
months. Boston Blackie's filed for Chapter 11 protection in December 2009. It
initially kept the burger joints open, but many later closed.
In January 2010,
the parent company of pizzeria chain Uno Chicago Grill filed for Chapter 11
bankruptcy. It emerged in July with a plan to cut its debt from $176.3 million
to about $40 million.
To see more of the
Chicago Tribune, or to subscribe to the newspaper, go to
http://www.chicagotribune.com.
Copyright (c)
2011, Chicago Tribune
Distributed by McClatchy-Tribune
Information Services.
For more
information about the content services offered by McClatchy-Tribune Information
Services (MCT), visit www.mctinfoservices.com, e-mail
services@mctinfoservices.com, or call 866-280-5210 (outside the United States,
call +1 312-222-4544)
DCI Cheese Company Enters Definitive Merger
Agreement With Saputo Inc.
PR Newswire US: 17 February 2011
[What follows is the full text of the news story.]
RICHFIELD, Wis.,
Feb. 17, 2011 /PRNewswire/ -- DCI Cheese Company ("DCI") today
announced that the company has entered into a definitive merger agreement
whereby Saputo Cheese USA Inc., a wholly owned subsidiary of Saputo Inc., will
acquire Fairmount Cheese Holdings Inc. ("Fairmount"), parent company
of DCI Cheese Co. The transaction is anticipated to be completed in March 2011.
"We are very
excited to become a part of the Saputo team," says Michael Mulhern, CEO of
Fairmount. "Saputo is a high performance organization with significant
manufacturing and operational resources which will enhance our ability to
better serve customers."
Saputo produces,
markets and distributes a wide array of products of the utmost quality,
including cheese, fluid milk, yogurt, dairy ingredients and snack-cakes. Saputo
is the 12th largest dairy processor in the world, the largest in Canada, the
third largest in Argentina, among the top 3 cheese producers in the United
States and the largest snack-cake manufacturer in Canada. Saputo�s products
are sold in more than 40�countries under well-known brand names such as
Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Danscorella, De
Lucia, Dragone, DuVillage 1860, Frigo Cheese Heads, Kingsey, La Paulina,
Neilson, Nutrilait, Ricrem, Stella, Treasure Cave, HOP&GO!, Rondeau and
Vachon. Saputo is a publicly traded company whose shares arelisted on the
Toronto Stock Exchange under the symbol SAP.
About DCI Cheese Company
An innovative
leader in the cheese industry since 1975, Richfield, Wisconsin-based DCI Cheese
Company is the largest importer, manufacturer and marketer of specialty cheeses
and other restaurant-quality prepared foods in the United States. The company
offers an impressive portfolio of fully-owned or�exclusively-held imported
and domestic specialty cheese brands including Black Diamond�, Goldy's�, il
Giardino�, Joan of Arc�, King's Choice�, Meza�, Nikos�,Organic
Creamery� and Salemville�, among others. DCI's value-added products can be
found in restaurants, grocery stores, club stores and specialty shops across
the country. DCI's mission is to be the leading solution-based provider in the
cheese industry and actively seeks strategic partnerships to expand their
manufacturing, branding, sales, marketing and distribution. For more information
on DCI Cheese Company and their portfolio of specialty cheese and prepared food
brands, visit www.dcicheeseco.com.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
UK Pound |
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.