MIRA INFORM
REPORT
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Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
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Name : |
INTERFOOD, INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.09.2006 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Dairy Supplier |
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 1,000,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Interfood Inc |
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Address in the order: |
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Legal Name: |
Interfood, Inc |
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Legal Address |
Corporation Trust Center |
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Operative Address |
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Telephone: |
(781) 370-9983 |
ID : |
4214481 |
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Fax: |
(781) 370-9997 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
NA |
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Manager: |
Ferry De Veen, President |
Date Incorporated: |
September, 5th. 2006 |
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Staff: |
15 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Dairy supplier |
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BANKS
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Name of the Bank |
COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. |
BUSINESS
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PRINCIPAL ACTIVITY |
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Dairy supplier |
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Products/Services description: |
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The company supplies dairy products and solutions to the dairy
industry for various applications like recombined dairy, yoghurt or cheese. Their portfolio consists of following products: Milk powders, Butter and AMF, Cheese, Dairy proteins, Whey powders,
Permeates and lactose, Dairy
ingredients, Liquid milk products and concentrates, Condensed and evaporated
milk. The company was incorporated in |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry, mainly food industry |
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Operations area: |
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National, International |
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The subject employs 15 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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Headquarters |
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The legal address of the company is Corporation Trust Center 1209
Orange Street - However, it is headquartered at |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company which belongs to "Interfood
Group". "Interfood Group" is the main
shareholder. |
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Management: |
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- Ferry De Veen, President - Jack Engels, Vice President - Dirk Neerhoff, Secretary |
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Related Companies: |
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Interfood Interfood Australia Pty Ltd ( Interfood Latino América
Sunny International Ltd ( Interfood Interfood Polska Sp. z o.
o ( OOO Interfood Rusmol
( Interfood West Africa ( Interfood Singapore Pte
Ltd ( Interfood Molokoexport ( Interfood Interfood Latino América
- Cosbert |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the operator of the company who refused to
provide us any financial data without knowing the name of the inquiring
party. |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
120,000,000 |
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The cash flow is |
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Legal Fillings |
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There is one UCC** file listed with the Secretary
of State of Massachusetts. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** 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 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
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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. |
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Final Opinion |
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This is a small sized American company which employs 15 persons. A credit line may be consider for USD 1,000,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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Operator of the company |
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Comments |
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The person contacted refused to provide us with any information on
grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.84 |
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1 |
Rs.69.32 |
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Euro |
1 |
Rs.59.79 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.