MIRA INFORM REPORT

 

 

Report Date :           

04.11.2011

 

IDENTIFICATION DETAILS

 

Name :

KANGADIS FOODS INC

 

 

Registered Office :

55 Corporate Dr, Hauppauge, NY 11788-2021

 

 

Country :

United States 

 

 

Year of Establishment :

2007

 

 

Legal Form :

Private Independent company

 

 

Line of Business :

supermarkets, Food Stores, and Grocery Stores

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

$100 (USD)

 

 

Status :

Small Company 

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

----

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Kangadis Foods Inc

55 Corporate Dr

Hauppauge, NY 11788-2021

United States

Tel:       631-231-4548

 

 

Synthesis     

 

Employees:                  2

Company Type:            Private Independent

Incorporation Date:         2007

Financials in:                 USD (Millions)

Reporting Currency:       US Dollar

Annual Sales:               0.5

Total Assets:                 NA

 

 

Business Description     

 

Stores, commonly known as supermarkets, food stores, and grocery stores, primarily engaged in the retail sale of all sorts of canned foods and dry goods, such as tea, coffee, spices, sugar, and flour; fresh fruits and vegetables; and fresh and prepared meats, fish, and poultry.

 

Industry

Industry            Retail (Grocery)

ANZSIC 2006:    4110 - Supermarket and Grocery Stores

NACE 2002:      5211 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

NAICS 2002:     445110 - Supermarkets and Other Grocery (except Convenience) Stores

UK SIC 2003:    5211 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

US SIC 1987:    5411 - Grocery Stores

 

           

Key Executives   

 

Name                           Title    

Marilyn Cruz                  Manager           

 

ABI Number: 654792886

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

Corporate Overview

 

Location

55 Corporate Dr

Hauppauge, NY, 11788-2021

Suffolk County

United States

Tel:       631-231-4548

           

Sales USD(mil):             0.5

Assets USD(mil):           NA

Employees:                   2

Industry:                        Retail (Grocery)

Incorporation Date:         2007

Company Type:             Private Independent

Quoted Status:              Not Quoted

Manager:                       Marilyn Cruz

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Additional Information

 

Industry Codes

ANZSIC 2006 Codes:

4110     -          Supermarket and Grocery Stores

 

NACE 2002 Codes:

5211     -          Retail sale in non-specialised stores with food, beverages or tobacco predominating

 

NAICS 2002 Codes:

445110  -          Supermarkets and Other Grocery (except Convenience) Stores

 

US SIC 1987:

5411     -          Grocery Stores

 

UK SIC 2003:

5211     -          Retail sale in non-specialised stores with food, beverages or tobacco predominating

 

Business Description

Stores, commonly known as supermarkets, food stores, and grocery stores, primarily engaged in the retail sale of all sorts of canned foods and dry goods, such as tea, coffee, spices, sugar, and flour; fresh fruits and vegetables; and fresh and prepared meats, fish, and poultry.

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

0.5

1 Year Growth

NA

 

Additional Information

ABI Number:

654792886

 

 

 

 

 

 

Credit Report as of 10/01/2009

 

Location

55 Corporate Dr
Hauppauge, NY 11788-2021
United States

 

County:

Suffolk

MSA:

New York, NY

 

Phone:

631-231-4548

 

ABI©:

654792886

 

Annual Sales:

$494,000 (USD)

Employees:

2

 

Facility Size(ft2):

0 - 2,499

 

Business Type:

Private

Location Type:

Single Location

 

Recommended Credit Limit *

   $100 (USD)

 

Primary Line Of Business:

 

SIC:

5411-04 - Food Products-Retail

NAICS:

445110 - Supermarkets & Other Grocery Stores

 

Table of Contents

 

Profile Links

Similar Businesses in the Area

Closest Neighbors

 

Jaf Food Products Inc

115 S 2nd St Ste: 6

Bay Shore, NY 11706-1045        

 

Naturally Free Food Inc

9 Singer Ln

Smithtown, NY 11787-3711        

 

Borellas Farm Stand

485 Edgewood Ave

St James, NY 11780-1649

 

Sage Foods Shipping Department

60 Davids Dr

Hauppauge, NY 11788-2041       

 

American Food Distributors Inc

325 Wireless Blvd Ste: 1

Hauppauge, NY 11788-3973       

 

Compare Food

1819 5th Ave

Bay Shore, NY 11706-1721

 

Dpr Food Services

467 Brook Ave Ste: E

Deer Park, NY 11729-7223        

 

Mission Foods

214 Candlewood Rd

Bay Shore, NY 11706-2217        

 

Suffolk Food Corp

32 Wheeler Rd

Central Islip, NY 11722-2158

 

Tanagro Foods

435 Brook Ave

Deer Park, NY 11729-6829

 

   * Similar Businesses are defined as the closest businesses sharing the same six-digit primary SIC code ( 5411-04 - Food Products-Retail) regardless of size.

 

Closest Neighbors

 

Allied Van Lines

1 Corporate Dr

Hauppauge, NY 11788-2036       

 

S Al Semispecialists-America

43 Corporate Dr

Hauppauge, NY 11788-2021       

 

Bay Shore Storage Warehouse Inc

1 Corporate Dr

Hauppauge, NY 11788-2036

 

Flexible Business Systems

85 Corporate Dr

Hauppauge, NY 11788-2021       

 

Metal Dynamics International Corp

25 Corporate Dr

Hauppauge, NY 11788-2021       

 

Country Life LLC

101 Corporate Dr

Hauppauge, NY 11788-2021

 

GSE Dynamics Inc

25 Corporate Dr

Hauppauge, NY 11788-2077       

 

Pds International Mail Services

85 Corporate Dr

Hauppauge, NY 11788-2021

 

 

EXECUTIVE REPORT

 

Executives

 

Name

Title

Function

 

Marilyn Cruz

 

Manager

Other

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.37

UK Pound

1

Rs.78.50

Euro

1

Rs.67.59

 

 

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.