MIRA INFORM REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
MARIANI PACKING CO |
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Registered Office : |
500 Crocker Dr, Vacaville, CA 95688-8706 |
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Country : |
United States |
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Year of Establishment : |
1919 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Food Processing |
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 : |
$25,000 (USD) |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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
Mariani Packing Co
500 Crocker Dr
Vacaville, CA 95688-8706
United States
Tel: 707-469-6921
Fax: 707-452-2973
Toll Free: 800-672-8655
Web: www.mariani.com
Synthesis
Employees: 800
Company Type: Private Parent
Corporate Family: 2
Companies
Incorporation Date: 1919
Financials in: USD
(Millions)
Reporting Currency: US Dollar
Annual Sales: 75.0
Total Assets: NA
Business Description
For four
generations, the Mariani Packing Company has grown, dried, processed and
packaged only the finest and freshest dried fruit from prime growing regions
around the world. Processing over 125 million pounds of dried fruit each year,
Mariani Packing has grown into one of the largest independent dried fruit
processor in the United States. Mariani markets a full assortment of premium
dried fruits including dried plums, apricots, cranberries, apples, raisins and
sun-dried tomatoes. The company has its home office in Vacaville, Calif., with
four other processing sites throughout California, with the largest having 18
acres under its roof.
Industry
Industry Food
Processing
ANZSIC 2006: 1140 - Fruit and
Vegetable Processing
NACE 2002: 1533 - Processing
and preserving of fruit and vegetables not elsewhere classified
NAICS 2002: 31142 - Fruit and
Vegetable Canning, Pickling, and Drying
UK SIC 2003: 1533 - Processing
and preserving of fruit and vegetables not elsewhere classified
US SIC 1987: 2032 - Canned
Specialties
Key Executives
(Emails Available)
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Name |
Title |
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Mark A. Mariani |
Chairman & Chief Executive Officer |
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George Sousa |
President |
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Carol Murphy |
Controller |
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Miranda Ackerman |
Manager-Brand |
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David Drews |
Director-Supply Chain |
News
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Title |
Date |
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BRIEF:
Wisconsin Rapids dried cranberry producer sold |
19-Apr-2011 |
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Mariani
Dried Fruit Legacy Grows Stronger |
5-Apr-2011 |
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Japan's
chaos affects Olivehurst food exporter |
17-Mar-2011 |
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Touch LockT
Brings Innovation Back to Dried Fruit Packaging: Mariani Dried Fruit Introduces
New Micro-Hook Closure to Packaging |
10-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
500 Crocker Dr
Vacaville, CA, 95688-8706
Solano County
United States
Tel: 707-469-6921
Fax: 707-452-2973
Toll Free Tel: 800-672-8655
Web www.mariani.com
Sales USD(mil): 75.0
Assets USD(mil): NA
Employees: 800
Industry: Food
Processing
Incorporation Date: 1919
Company Type: Private
Parent
Quoted Status: Not
Quoted
Chairman &
Chief Executive Officer: Mark A.
Mariani
Contents
· Industry Codes
· Business Description
· Brand/Trade Names
· Financial Data
· Key Corporate Relationships
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
1140 - Fruit and Vegetable Processing
NACE 2002 Codes:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
NAICS 2002 Codes:
31142 - Fruit and Vegetable Canning, Pickling, and Drying
US SIC 1987:
2032 - Canned Specialties
UK SIC 2003:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
Business
Description
Establishments
primarily engaged in sun drying or artificially dehydrating fruits and
vegetables, or in manufacturing packaged soup mixes from dehydrated
ingredients.
More Business
Descriptions
For four
generations, the Mariani Packing Company has grown, dried, processed and
packaged only the finest and freshest dried fruit from prime growing regions
around the world. Processing over 125 million pounds of dried fruit each year,
Mariani Packing has grown into one of the largest independent dried fruit
processor in the United States. Mariani markets a full assortment of premium
dried fruits including dried plums, apricots, cranberries, apples, raisins and
sun-dried tomatoes. The company has its home office in Vacaville, Calif., with
four other processing sites throughout California, with the largest having 18
acres under its roof.
Brand/Trade Names
Mariani - Fruits - dried
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Key Corporate
Relationships
Bank: GE Capital Solutions,
TimePayment Corp, Wells Fargo Equipment Finance Inc, Sutta Co, Farm Credit Svc
of Mid-America, First Western Bank & Trust
Additional
Information
ABI Number: 308652361
Credit Report as of 02/01/2011
Location
500 Crocker Dr
Vacaville, CA 95688-8706
United States
County: Solano
MSA: Valej-Ffld, CA
Phone: 707-469-6921
Fax: 707-452-2973
Toll Free: 800-672-8655
URL: http://mariani.com
ABI©: 308652361
Employees: 225
Facility Size(ft2): 40,000+
Facility Own/Lease: Own
Business Type: Private
Location Type: Headquarter
RECOMMENDED CREDIT LIMIT
$25,000 (USD)
Primary Line of
Business:
SIC: 2034-98 -
Dried/Dehydrated Fruits Vegetables
NAICS: 311423 - Dried &
Dehydrated Food Mfg
Secondary Lines of
Business:
SICs: 5099-01 - Exporters (Whls)
5099-05 - Importers (Whls)
5149-12 - Fruits-Dried (Whls)
9999-66 - Federal Government Contractors
NAICS: 424490 - Other Grocery Prod
Merchant Whols
423990 - All Other Durable Goods Merchant Whols
Table of Contents
Profile Links
· Similar Businesses in the Area
· Closest Neighbors
External Links
Similar Businesses in the Area *
Sunsweet Dryers
26 E Evans Reimer Rd
Gridley, CA 95948-9544 Innovative
Foods Inc
338 N Canal St Ste: 20
S San Francisco, CA 94080-4664
Vacaville Fruit Co
830 Eubanks Dr Ste: D
Vacaville, CA 95688-8765
Patterson Nut Co Inc
100 Bartch Ave
Patterson, CA 95363
Novakovich
Orchards
14251 Fruitvale Ave
Saratoga, CA 95070-5641
Nut Express
1419 Angie Ave
Modesto, CA 95351-6845
Hill View Packing Co Inc
3680 Charter Park Dr Ste: A
San Jose, CA 95136-1358
Rio Pluma Co LLC
1900 State Highway 99
Gridley, CA 95948-9401
John Potter
Specialty Foods
406 Orange Ave
Patterson, CA 95363-9720
Forry Orchards
Shop
4300 River Rd
Colusa, CA 95932-4200
* Similar Businesses are defined as the closest businesses sharing the
same six-digit primary SIC code ( 2034-98 - Dried/Dehydrated Fruits Vegetables)
regardless of size.
Closest Neighbors
Automatic Bar
Controls Inc
1051 Aldridge Rd Ste: C
Vacaville, CA 95688-8763
Rich Mar Cabinets
Inc
1031 Aldridge Rd Ste: A
Vacaville, CA 95688-8721
SHC Intl Inc
1031 Aldridge Rd
Vacaville, CA 95688-8720
Master Dynamics
Corp
1031 Aldridge Rd Ste: D
Vacaville, CA 95688-8721
Fisher Bio
Services Inc
1001 Aldridge Rd
Vacaville, CA 95688-9282
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 2 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Vacaville, CA |
United States |
Food Processing |
75.0 |
800 |
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Branch |
Marysville, CA |
United States |
Crops |
8.5 |
50 |
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Executives Report
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BRIEF: Wisconsin
Rapids dried cranberry producer sold
Milwaukee Journal Sentinel (WI): 19 April 2011
[What follows is the full text of the news story.]
April 19--Urban Processing, a Wisconsin Rapids producer of dried
cranberries, has been purchased by Mariani Packing Co. of Vacaville, Calif.
Urban was started in 2001 by cranberry growers Cheryl and Dan Urban.
Mariani is a family-owned producer and processor of fruit that has been in
business for more than 100 years.
To see more of the Milwaukee Journal Sentinel, or to subscribe to the
newspaper, go to http://www.jsonline.com.
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)
PR Web: 05 April
2011
[What follows is
the full text of the news story.]
Vacaville, CA (Vocus/PRWEB) April 05, 2011
(PRWEB) April 1,
2011 -- On Thursday, Mark Mariani, CEO of Mariani Packing Co., welcomed the newest
member of the fourth generation to the business, his daughter, Natalie Mariani.
�We are very excited to have Natalie join us. Being a nutritionist and a
mother, she brings a unique perspective to Mariani.� Her own commitment to
health inspired her to take on the position of Corporate Communications
Manager. �When this position became available, I jumped at the chance of
being able to communicate directly with our consumers. Being a Mom and a
nutritionist, I know how important it is to feed our families well, and find
that balance of delicious and nutritious,� says Natalie.
It�s not often
that a family business lasts past its second generation, or third, or fourth.
However, Mariani Packing Co. is just such a company. Over the last century Mariani
has become the largest independent Dried Fruit processor in the United States.
They have been a leader in Dried Fruit Innovation by being First To Market with
new products (ie: Dried Cherries, Berries, and Tropical Fruits), and Packaging
(ie: Stand up Bag, Touch Lock Re-seal). Its commitment to quality and food
safety has set industry standards.
But perhaps what
really sets Mariani apart, is that after over 100 years in business, the family
still operates the day-to-day activities of the company. Started by a
Yugoslavian farmer with a vision, Paul Mariani Sr. founded the dried fruit
company on a small farm in Cupertino, CA. Three generations later, his
grandson, Mark Mariani is CEO and has lead the company to be a major player in
the global market.
As Manager of
Mariani�s Corporate Communications, Natalie has plans to spread the word. She
wants people to know, not just about the benefits of healthy eating, but about
the benefits of eating the fruits of her family�s labor. �We take great
pride in the legacy of our family, and we know, that in today�s corporate
America, the ability to trust where your food is coming from has never been
more important. We want our customers to know us, not just as a brand, but as a
family.�
Natalie is
thrilled to be joining her family�s team who all work intimately in the day-
to- day of the business. Mark�s cousin George Sousa Sr. has been Vice
Chairman at Mariani for over 50 years. George�s sons, George Jr, and Stephen
Sousa are both President and Director of Global Commodities respectively. Mark
also has 2 sons at the company. Christopher Mariani is the Director of
Facilities Management and Michael Mariani is the Director of Special Market
Sales.
Media Contact: Miranda Ackerman mackerman(at)mariani(dot)com
707.452.2832
# # #
Read the full story at
http://www.prweb.com/releases/2011/4/prweb8260803.htm
Sacramento Bee
(CA): 17 March 2011
[What follows is the full text of the news story.]
March 17--News of
last week's earthquake and tsunami in Japan dropped like a bomb at ShoEi Foods
USA in Olivehurst.
The U.S.-based
branch of the Japanese food company exports $100 million in food products to
Japan each year, and 60 large containers destined for Japan were left in limbo
when the quake hit Friday.
Since then, the
company has scrambled to figure out where all of its products are and how to
get them to the hundreds of thousands of Japanese who for years have received
food from California.
"I'm very
concerned about their future," said Don Soetaert, managing director and
chairman of the ShoEi Foods USA board, said of his Japanese customers.
"I've been going there for 39 years, and I'll tell you this: They'll pull
together. You will not see looting or any of that kind of stuff.
"They'll be
helping each other, but they won't be consuming much now."
ShoEi exports
include high-quality prunes and walnuts, which the company grows.
Beyond that, ShoEi
purchases hundreds of products from growers primarily in California. That
includes raisins, almonds, blueberries, cheeses, coconut meat and apricots, to
name just a few.
The company's
Olivehurst site includes a top-grade walnut-processing facility.
When the
earthquake rocked Japan's northeast coastline, ShoEi had commodity-laden
containers on the Port of Oakland docks, aboard ships in the Pacific Ocean and
in Japanese ports.
Since Friday,
Soetaert said, he has been sorting through chaos and confusion.
He's trying to
pinpoint containers and at the same time is doggedly determined to get food to
victims.
Containers in
Oakland were put on hold when the devastated ports in Sendai, Hitachinaka and
Kashima were closed.
Then, a go-ahead
was given for the still-functioning ports south of the hard-hit region --
Tokyo, Kobe and Yokohama among them.
Soetaert said some
ships with ShoEi products apparently were queued up off Japan's coast, waiting
to drop their cargo in ports.
The company had a
sales office in Sendai that was flattened, but workers there apparently got out
safely.
A ShoEi container
of California walnuts was swamped by the tsunami, for a bottom-line loss of
$187,000.
Soetaert was just
informed by Japanese conglomerate Mitsubishi that it was abandoning a warehouse
north of Sendai. He said the warehouse is robot-operated and stacks products --
including ShoEi exports -- "as high as 10 stories."
Soetaert said he
is also concerned about production cutbacks at Japan's massive Yamazaki Baking
Co. Ltd., which distributes food internationally.
"This bakery
is our largest customer in the country," he said. "If they're cutting
back four or five hours every day, they're going to have to cut back on a lot
of items, because they're usually going around the clock.
"We believe
there's going to be a big downturn in consumption."
Soetaert also
explained that food exports typically are received in Japan on a "just in
time" basis, meaning products are ordered on an ongoing basis and quickly
converted for consumption.
"That's a
tremendous problem. You depend on your supplier, but production is being cut
back," he said.
Soetaert said that
even when products get off ships and onto trucks, making deliveries amid
massive destruction is difficult.
"Trucks are
sent in by various people, but even if they get down the road, they don't have
the fuel to get back," he said. "You can't just fill up in the middle
of all that damage. Sometimes, they can't get through at all. The road just
ends or isn't there.
"On top of
that, it's freezing at night, and now they have the nuclear problem."
ShoEi has combined
its prune facility with Sunsweet Growers Inc., but the Olivehurst company's
problems are shared with other California growers and commodity handlers that
ship to Japan.
That includes
Diamond Foods Inc. in Stockton, Crain Walnut Shelling Inc. in Los Molinos and
Mariani Packing Co. in Vacaville.
Shippers of agricultural products say they are caught in limbo -- not
knowing how quickly food products can get unloaded at Japanese ports.
Officials of the Sacramento-based California Rice Commission and Blue
Diamond Growers said they are not experiencing demand from Japan, but that
could change if food supplies in the country decline and calls for emergency
relief increase in coming weeks.
Call The Bee'sMark Glover, (916) 321-1184.
To see more of The Sacramento Bee, or to subscribe to the newspaper, go
to http://www.sacbee.com/.
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)
PR Web: 10
February 2011
[What follows is
the full text of the news story.]
Vacaville, CA (Vocus/PRWEB) February 10, 2011
Mariani Packing
Company introduces TouchLock�, a Velcro�-like micro-hook closure system
which allows consumers to simply touch to lock and close their dried fruit bag.
Mariani has launched the TouchLock� feature on all stand-up gusseted
packaging. This is another FIRST in innovation for Mariani.
Since 1906,
Mariani has been the innovators of the dried fruit industry. Keeping in step
with this legacy, in 1989 they launched the first stand-up gusseted bag with
re-sealable zipper which not only revolutionized the dried fruit industry, but
also the packaged goods industry as a whole. With efforts towards continuous
improvement, Mariani�s TouchLock� packaging provides an easier resealing
solution for consumers.
�Consumers get
frustrated when traditional re-sealable zippers don�t close upon first
try,� states Joe Flannigan, VP Sales and Marketing. �Alignment has to be
just right to work properly. When this doesn�t happen, it makes for an
unhappy consumer and ultimately the brand experience with that consumer can be
compromised.�
Mariani�s
TouchLock� packaging does not have to be perfectly aligned to seal properly.
�As long as the micro-hooks on the sides touch, you�ll get the bond you
need to reseal your bag and keep your dried fruit fresh,� states Miranda
Ackerman, Marketing Director.
TouchLock�s
micro-hook, self-gripping fastener firmly seals the package and maintains
product freshness. The material is a food grade, heat-sealable polyethylene.
Aplix, the manufacturer of the micro-hook closure system, has granted Mariani
US exclusivity on usage for an undisclosed period of time.
About Mariani
Since 1906, the
Mariani brand has been providing premium quality dried fruit to consumers and
customers all over the globe. Mariani is the largest, independent producer of
dried fruit in the world and produces over 125 million pounds of dried fruit
each year. Products can be found in over 40,000 retail outlets in the United
States and in over 52 countries around the world. For more information, visit
http://www.mariani.com.
Media contact:
Natalie Mariani � nmariani@mariani.com / 707-452-2923 (Please contact for
images)
###
Read the full
story at http://www.prweb.com/releases/2011/2/prweb8127000.htm
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.95 |
|
UK Pound |
1 |
Rs.72.12 |
|
Euro |
1 |
Rs.63.67 |
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 |
|
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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.