MIRA INFORM REPORT
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Report Date : |
07.11.2011 |
IDENTIFICATION DETAILS
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Name : |
BERJE INC |
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Registered Office : |
5 Lawrence St, Bloomfield, NJ 07003-4691 |
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Country : |
United States |
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Year of Establishment : |
1948 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
distributor of essential oils and aromatic
chemicals |
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 : |
$10,000 (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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Berje Inc
5 Lawrence St
Bloomfield, NJ 07003-4691
United States
Tel: 973-748-8980
Fax: 973-680-9618
Web: www.berjeinc.com
sYnthesis
Employees: 54
Company Type: Private Parent
Corporate Family: 2
Companies
Incorporation Date: 1948
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 32.0
Total Assets: NA
Business Description
Berje is a global
distributor of essential oils and aromatic chemicals. With more than 50 years
of experience supplying its products to the flavor, fragrance, pharmaceutical
and allied industries, the company maintains more than 3,000 items in
inventory. Berje provides distribution operations from its facilities in New
Jersey, Los Angeles and Chicago. Offering a full range of services, the company
maintains an emphasis on strategic sourcing for a variety of institutions, from
major companies to small entrepreneurs. Berje is an integral part of the supply
chain for several multi nationals in the field of essential oil supply. Berje
maintains its head office in Bloomfield, N.J.
Industry
Industry Retail (Specialty)
ANZSIC 2006: 4279 - Other
Store-Based Retailing Not Elsewhere Classified
NACE 2002: 5233 - Retail sale
of cosmetic and toilet articles
NAICS 2002: 44612 - Cosmetics,
Beauty Supplies, and Perfume Stores
UK SIC 2003: 5233 - Retail sale
of cosmetic and toilet articles
US SIC 1987: 5087 - Service
Establishment Equipment and Supplies
Key Executives
(Emails Available)
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Name |
Title |
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Kim Bleimann |
Chairman & Chief Executive Officer |
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Piyush Patel |
Director-Finance |
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Frank Marra |
Director-Sales & Marketing |
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Brian Soto |
Administrator-Information Technology
Network |
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George Janow |
Vice President-Purchasing |
News
Title Date
Tasty Lebanese treats
Berwick/Pakenham Cardinia Leader (208 Words) 4-May-2011
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
5 Lawrence St
Bloomfield, NJ, 07003-4691
Essex County
United States
Tel: 973-748-8980
Fax: 973-680-9618
Web: www.berjeinc.com
Sales USD(mil): 32.0
Assets USD(mil): NA
Employees: 54
Industry: Retail
(Specialty)
Incorporation Date: 1948
Company Type: Private
Parent
Quoted Status: Not
Quoted
Chairman &
Chief Executive Officer: Kim
Bleimann
Contents
· Industry Codes
· Business Description
· Product Codes
· Financial Data
· Key Corporate Relationships
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
4279 - Other Store-Based Retailing Not Elsewhere Classified
NACE 2002 Codes:
5232 - Retail sale of medical and orthopaedic goods
5233 - Retail sale of cosmetic and toilet articles
NAICS 2002 Codes:
44619 - Other Health and Personal Care Stores
44612 - Cosmetics, Beauty Supplies, and Perfume Stores
US SIC 1987:
5087 - Service Establishment Equipment and Supplies
599 - Retail Stores, Not Elsewhere Classified
UK SIC 2003:
5233 - Retail sale of cosmetic and toilet articles
5232 - Retail sale of medical and orthopaedic goods
Business
Description
Establishments
primarily engaged in manufacturing perfumes (natural and synthetic), cosmetics,
and other toilet preparations. This industry also includes establishments
primarily engaged in blending and compounding perfume bases; and those
manufacturing shampoos and shaving products, whether from soap or synthetic
detergents.
More Business
Descriptions
·
Berje is a global distributor of essential oils
and aromatic chemicals. With more than 50 years of experience supplying its products
to the flavor, fragrance, pharmaceutical and allied industries, the company
maintains more than 3,000 items in
inventory. Berje provides distribution operations from its facilities in New
Jersey, Los Angeles and Chicago. Offering a full range of services, the company
maintains an emphasis on strategic sourcing for a variety of institutions, from
major companies to small entrepreneurs. Berje is an integral part of the supply
chain for several multi nationals in the field of essential oil supply. Berje
maintains its head office in Bloomfield, N.J.
·
Producer
of fragrance, flavor and aroma chemicals and essential oils. Products are sold
to the flavor and fragrance industries.
Product Codes
Product Code Product Description
CHE-AP-C Fragrance
chemicals
CHE-AP-C Essential oils
CHE-AP-F Flavor chemicals
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Credit Report as of 02/01/2011
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Location |
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5 Lawrence St |
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County: |
Essex |
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MSA: |
New York, NY |
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Phone: |
973-748-8980 |
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Fax: |
973-680-9618 |
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URL: |
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ABI©: |
304568033 |
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Employees: |
54 |
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Facility Size(ft2): |
40,000+ |
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Facility Own/Lease: |
Lease |
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Business Type: |
Private |
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Location Type: |
Headquarter |
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Recommended
Credit Limit * |
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$10,000 (USD) |
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Primary Line Of
Business: |
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SIC: |
2844-08 - Fragrance-Manufacturers |
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NAICS: |
325620 - Toilet Preparation Mfg |
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Secondary Lines
of Business: |
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NAICS: |
424690 - Other Chemical Merchant Whols |
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621999 - Misc Ambulatory Health Care Svcs |
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311942 - Spice & Extract Mfg |
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SICs: |
2087-98 - Flavoring Extracts & Syrups NEC (Mfrs) |
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5099-05 - Importers (Whls) |
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5169-16 - Chemicals (Whls) |
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5169-33 - Oils-Essential (Whls) |
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8099-09 - Holistic Practitioners |
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423990 - All Other Durable Goods Merchant Whols |
Table of Contents
Profile Links
Similar Businesses in the Area
Closest Neighbors
External Links
http://berjeinc.com
Similar Businesses in the Area *
Bertone Aromatics
26 Dora Ave
Waldwick, NJ 07463-2006
Givaudan
Fragrances Corp
300 Waterloo Valley Rd
Budd Lake, NJ 07828-1384
Polarome
International Inc
363 South St
Newark, NJ 07105-1914
Fragrances Limited
Inc
823 N Royal Ave
Front Royal, VA 22630-3519
Parfums De Coeur
Limited
85 Old Kings Hwy N
Darien, CT 06820-4724
Bedoukian Research
Inc
21 Finance Dr
Danbury, CT 06810-4133
Givaudan
Fragrances Corp
711 Ridgedale Ave
East Hanover, NJ 07936-3163
Herbs Of Happy
Hill
14705 Happy Hill Rd
Chester, VA 23831-7020
Centflor Manufacturing
Co
545 W 45th St
New York, NY 10036-3490
Givaudan
Fragrances Corp
40 W 57th St Ste: 11
New York, NY 10019-4001
* Similar Businesses are
defined as the closest businesses sharing the same six-digit primary SIC code (
2844-08 - Fragrance-Manufacturers) regardless of size.
Closest Neighbors
Gilbertex Training
Inc
5 Lawrence St Ste: 4a
Bloomfield, NJ 07003-4631
1 24 Hour 7 Day A
Emergency
5 Lawrence St
Bloomfield, NJ 07003-4631
G P BLOOMFIELD Co
LLC
5 Lawrence St
Bloomfield, NJ 07003-4631
Exacta Inc
5 Lawrence St Ste: 4a
Bloomfield, NJ 07003-4631
Fusion Graphics
Inc
217 Brook Ave Ste: 5
Passaic, NJ 07055-3300
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Corporate
Family |
Corporate
Structure News: |
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Berje Inc |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Bloomfield, NJ |
United States |
Retail (Specialty) |
32.0 |
54 |
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Subsidiary |
Sonoma, CA |
United States |
Biotechnology and Drugs |
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34 |
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Executive report
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Standard
& Poor’s
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United
States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks,
Rising Debt Burden; Outlook Negative |
|
Publication
date: 05-Aug-2011 20:13:14 EST |
·
We have lowered our long-term sovereign
credit rating on the United States of America to 'AA+' from 'AAA' and affirmed
the 'A-1+' short-term rating.
·
We have also removed both the short- and long-term ratings
from CreditWatch negative.
·
The downgrade reflects our opinion
that the fiscal consolidation plan that Congress and the Administration
recently agreed to falls short of what, in our view, would be necessary to
stabilize the government's medium-term debt dynamics.
·
More broadly, the downgrade
reflects our view that the effectiveness, stability, and predictability of
American policymaking and political institutions have weakened at a time of
ongoing fiscal and economic challenges to a degree more than we envisioned when
we assigned a negative outlook to the rating on April 18, 2011.
·
Since then, we have changed our
view of the difficulties in bridging the gulf between the political parties
over fiscal policy, which makes us pessimistic about the capacity of Congress
and the Administration to be able to leverage their agreement this week into a
broader fiscal consolidation plan that stabilizes the government's debt
dynamics any time soon.
·
The outlook on the long-term rating
is negative. We could lower the long-term rating to 'AA' within the next two
years if we see that less reduction in spending than agreed to, higher interest
rates, or new fiscal pressures during the period result in a higher general
government debt trajectory than we currently assume in our base case.
TORONTO (Standard &
Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it
lowered its long-term sovereign credit rating on the United States of America
to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the
long-term rating is negative. At the same time, Standard & Poor's affirmed
its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's
removed both ratings from CreditWatch, where they were placed on July 14, 2011,
with negative implications.
The transfer and
convertibility (T&C) assessment of the U.S.--our assessment of the
likelihood of official interference in the ability of U.S.-based public- and
private-sector issuers to secure foreign exchange for
debt service--remains
'AAA'.
We lowered our long-term
rating on the U.S. because we believe that the prolonged controversy over
raising the statutory debt ceiling and the related fiscal policy debate
indicate that further near-term progress containing the growth in public
spending, especially on entitlements, or on reaching an agreement on raising
revenues is less likely than we previously assumed and will remain a
contentious and fitful process. We also believe that the fiscal consolidation
plan that Congress and the Administration agreed to this week falls short of
the amount that we believe is necessary to stabilize the general government
debt burden by the middle of the decade.
Our lowering of the
rating was prompted by our view on the rising public debt burden and our
perception of greater policymaking uncertainty, consistent with our criteria
(see "Sovereign Government Rating Methodology and
Assumptions ," June 30, 2011,
especially Paragraphs 36-41). Nevertheless, we view the U.S. federal
government's other economic, external, and monetary credit attributes, which
form the basis for the sovereign rating, as broadly unchanged.
We have taken the ratings
off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment
of 2011 has removed any perceived immediate threat of payment default posed by
delays to raising the government's debt ceiling. In addition, we believe that
the act provides sufficient clarity to allow us to evaluate the likely course
of U.S. fiscal policy for the next few years.
The political brinksmanship
of recent months highlights what we see as America's governance and
policymaking becoming less stable, less effective, and less predictable than
what we previously believed. The statutory debt ceiling and the threat of
default have become political bargaining chips in the debate over fiscal
policy. Despite this year's wide-ranging debate, in our view, the differences
between political parties have proven to be extraordinarily difficult to
bridge, and, as we see it, the resulting agreement fell well short of the
comprehensive fiscal consolidation program that some proponents had envisaged
until quite recently. Republicans and Democrats have only been able to agree to
relatively modest savings on discretionary spending while delegating to the
Select Committee decisions on more comprehensive measures. It appears that for
now, new revenues have dropped down on the menu of policy options. In addition,
the plan envisions only minor policy changes on Medicare and little change in
other entitlements,
the containment of which
we and most other independent observers regard as key to long-term fiscal
sustainability.
Our opinion is that
elected officials remain wary of tackling the structural issues required to effectively
address the rising U.S. public debt burden in a manner consistent with a 'AAA'
rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and
Assumptions," June 30, 2011,
especially Paragraphs 36-41). In our view, the difficulty in framing a
consensus on fiscal policy weakens the government's ability to manage public
finances and diverts attention from the debate over how to achieve more
balanced and dynamic economic growth in an era of fiscal stringency and
private-sector deleveraging (ibid). A new political consensus might (or might
not) emerge after the 2012 elections, but we believe that by then, the
government debt burden will likely be higher, the needed medium-term fiscal
adjustment potentially greater, and the inflection point on the U.S.
population's demographics and other age-related spending drivers closer at hand
(see "Global Aging 2011: In The U.S., Going Gray Will Likely
Cost Even More Green, Now,"
June 21, 2011).
Standard & Poor's
takes no position on the mix of spending and revenue measures that Congress and
the Administration might conclude is appropriate for putting the U.S.'s
finances on a sustainable footing.
The act calls for as much
as $2.4 trillion of reductions in expenditure growth over the 10 years through
2021. These cuts will be implemented in two steps: the $917 billion agreed to
initially, followed by an additional $1.5 trillion that the newly formed
Congressional Joint Select Committee on Deficit Reduction is supposed to
recommend by November 2011. The act contains no measures to raise taxes or
otherwise enhance revenues, though the committee could recommend them.
The act further provides
that if Congress does not enact the committee's recommendations, cuts of $1.2
trillion will be implemented over the same time period. The reductions would
mainly affect outlays for civilian discretionary spending, defense, and
Medicare. We understand that this fall-back mechanism is designed to encourage
Congress to embrace a more balanced mix of expenditure savings, as the
committee might recommend.
We note that in a letter
to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated
total budgetary savings under the act to be at least $2.1 trillion over the
next 10 years relative to its baseline assumptions. In updating our own fiscal
projections, with certain modifications outlined below, we have relied on the
CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to
include the CBO assumptions contained in its Aug. 1 letter to Congress. In
general, the CBO's "Alternate Fiscal Scenario" assumes a continuation
of recent Congressional action overriding existing law.
We view the act's
measures as a step toward fiscal consolidation. However, this is within the
framework of a legislative mechanism that leaves open the details of what is
finally agreed to until the end of 2011, and Congress and the Administration
could modify any agreement in the future. Even assuming that at least $2.1
trillion of the spending reductions the act envisages are implemented, we
maintain our view that the U.S. net general government debt burden (all levels
of government combined, excluding liquid financial assets) will likely continue
to grow. Under our revised base case fiscal scenario--which we consider to be
consistent with a 'AA+' long-term rating and a negative outlook--we now project
that net general government debt would rise from an estimated 74% of GDP by the
end of 2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of
sovereign indebtedness is high in relation to those of peer credits and, as
noted, would continue to rise under the act's revised policy settings.
Compared with previous
projections, our revised base case scenario now assumes that the 2001 and 2003
tax cuts, due to expire by the end of 2012, remain in place. We have changed
our assumption on this because the majority of Republicans in Congress continue
to resist any measure that would raise revenues, a position we believe Congress
reinforced by passing the act. Key macroeconomic assumptions in the base case
scenario include trend real GDP growth of 3% and consumer price inflation near
2% annually over the decade.
Our revised upside
scenario--which, other things being equal, we view as consistent with the
outlook on the 'AA+' long-term rating being revised to stable--retains these
same macroeconomic assumptions. In addition, it incorporates $950 billion of
new revenues on the assumption that the 2001 and 2003 tax cuts for high earners
lapse from 2013 onwards, as the Administration is advocating. In this scenario,
we project that the net general government debt would rise from an estimated
74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.
Our revised downside
scenario--which, other things being equal, we view as being consistent with a
possible further downgrade to a 'AA' long-term rating--features less-favorable
macroeconomic assumptions, as outlined below and also assumes that the second
round of spending cuts (at least $1.2 trillion) that the act calls for does not
occur. This scenario also assumes somewhat higher nominal interest rates for
U.S. Treasuries. We still believe that the role of the U.S. dollar as the key
reserve currency confers a government funding advantage, one that could change
only slowly over time, and that Fed policy might lean toward continued loose monetary
policy at a time of fiscal tightening. Nonetheless, it is possible that
interest rates could rise if investors re-price relative risks. As a result,
our alternate scenario factors in a 50 basis point (bp)-75 bp rise in 10-year
bond yields relative to the base and upside cases from 2013 onwards. In this
scenario, we project the net public debt burden would rise from 74% of GDP in
2011 to 90% in 2015 and to 101% by 2021.
Our revised scenarios
also take into account the significant negative revisions to historical GDP
data that the Bureau of Economic Analysis announced on July 29. From our
perspective, the effect of these revisions underscores two related points when
evaluating the likely debt trajectory of the U.S. government. First, the
revisions show that the recent recession was deeper than previously assumed, so
the GDP this year is lower than previously thought in both nominal and real
terms. Consequently, the debt burden is slightly higher. Second, the revised
data highlight the sub-par path of the current economic recovery when compared
with rebounds following previous post-war recessions. We believe the sluggish
pace of the current economic recovery could be consistent with the experiences
of countries that have had financial crises in which the slow process of debt
deleveraging in the private sector leads to a persistent drag on demand. As a
result, our downside case scenario assumes relatively modest real trend GDP
growth of 2.5% and inflation of near 1.5% annually going forward.
When comparing the U.S.
to sovereigns with 'AAA' long-term ratings that we view as relevant
peers--Canada, France, Germany, and the U.K.--we also observe, based on our
base case scenarios for each, that the trajectory of the U.S.'s net public debt
is diverging from the others. Including the U.S., we estimate that these five
sovereigns will have net general government debt to GDP ratios this year
ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%.
By 2015, we project that their net public debt to GDP ratios will range between
30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at
79%. However, in contrast with the U.S., we project that the net public debt
burdens of these other sovereigns will begin to decline, either before or by
2015.
Standard & Poor's
transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment
reflects our view of the likelihood of the sovereign restricting other public
and private issuers' access to foreign exchange needed to meet debt service. Although
in our view the credit standing of the U.S. government has deteriorated
modestly, we see little indication that official interference of this kind is
entering onto the policy agenda of either Congress or the Administration.
Consequently, we continue to view this risk as being highly remote.
The outlook on the
long-term rating is negative. As our downside alternate fiscal scenario
illustrates, a higher public debt trajectory than we currently assume could
lead us to lower the long-term rating again. On the other hand, as our upside
scenario highlights, if the recommendations of the Congressional Joint Select
Committee on Deficit Reduction--independently or coupled with other
initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners--lead
to fiscal consolidation measures beyond the minimum mandated, and we believe
they are likely to slow the deterioration of the government's debt dynamics,
the long-term rating could stabilize at 'AA+'.
On Monday, we will issue
separate releases concerning affected ratings in the funds, government-related
entities, financial institutions, insurance, public finance, and structured
finance sectors.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
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.