MIRA
INFORM REPORT
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Report Date : |
26.11.2011 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL FOOD GROUP INC |
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Registered Office : |
2401 Police Center Dr Ste 240 Plant City, FL 33566-7139 |
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Country : |
United States |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Packaged Frozen Food Merchant Wholesalers |
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No. of Employees : |
80 |
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 : |
$5,000 (USD) |
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Status : |
Good |
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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 30, 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 and address
International Food
Group Inc
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Business
Description
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Founded in 1993, International Food Group is a distribution company
that serves the food service industry throughout the Caribbean, Central and
South America, Europe, Asia and the Middle East. It supplies meat, poultry
produce, food ingredients, packaging materials and equipment to quick service
restaurants. The company operates a more than 95,000-square-foot warehouse
that features refrigerated, frozen and dry facilities. International Food
Group provides shipping and online ordering services for frozen and dry
products. It also offers documentation services that include certificates
from the United States Department of Agriculture and the Manufacturers Health
and Analysis Certificate. The company is certified by ASI Food Safety
Consultants. International Food Group serves over 1,500 restaurants
worldwide, including KFC, Pizza Hut, Taco Bell, Wendy's, Tony Roma's and
Kenny Roger's Roasters restaurants. The company is located in Plant City,
Fla. |
Industry
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Industry |
Food Processing |
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ANZSIC 2006: |
3609 - Other Grocery Wholesaling |
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NACE 2002: |
5139 - Non-specialised wholesale of food,
beverages and tobacco |
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NAICS 2002: |
424420 - Packaged Frozen Food Merchant
Wholesalers |
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UK SIC 2003: |
5139 - Non-specialised wholesale of food,
beverages and tobacco |
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US SIC 1987: |
5141 - Groceries, General Line |
Key Executives
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News
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1 - Profit &
Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
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Corporate Structure News
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International
Food Group Inc |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Houston, TX |
United States |
Retail (Grocery) |
39,323.5 |
46,000 |
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Subsidiary |
College Park, GA |
United States |
Food Processing |
|
1,100 |
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Subsidiary |
Norton, MA |
United States |
Food Processing |
|
1,100 |
|
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Subsidiary |
Walnut, CA |
United States |
Food Processing |
646.0 |
1,000 |
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Subsidiary |
Pleasant Grove, CA |
United States |
Food Processing |
15.0 |
1,000 |
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Subsidiary |
Olathe, KS |
United States |
Food Processing |
|
802 |
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Branch |
Wichita, KS |
United States |
Food Processing |
51.2 |
45 |
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Subsidiary |
Kent, WA |
United States |
Food Processing |
|
750 |
|
|
Subsidiary |
Palmetto, FL |
United States |
Food Processing |
500.0 |
700 |
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Subsidiary |
Canton, MI |
United States |
Food Processing |
400.0 |
700 |
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Subsidiary |
Des Plaines, IL |
United States |
Food Processing |
372.0 |
700 |
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Subsidiary |
Pocomoke City, MD |
United States |
Food Processing |
251.5 |
700 |
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Subsidiary |
Fremont, CA |
United States |
Food Processing |
0.5 |
700 |
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Branch |
Salinas, CA |
United States |
Food Processing |
94.4 |
83 |
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Subsidiary |
Cleveland, OH |
United States |
Food Processing |
325.0 |
650 |
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Subsidiary |
Houston, TX |
United States |
Food Processing |
|
650 |
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Subsidiary |
Baraboo, WI |
United States |
Food Processing |
|
601 |
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Subsidiary |
Denver, CO |
United States |
Food Processing |
350.0 |
600 |
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Subsidiary |
Memphis, TN |
United States |
Food Processing |
340.0 |
600 |
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Subsidiary |
Medley, FL |
United States |
Food Processing |
320.0 |
600 |
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Subsidiary |
Jessup, MD |
United States |
Food Processing |
264.4 |
600 |
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Subsidiary |
Ocoee, FL |
United States |
Food Processing |
30.0 |
600 |
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Subsidiary |
Atlanta, GA |
United States |
Food Processing |
|
600 |
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Branch |
Auburndale, FL |
United States |
Food Processing |
76.4 |
25 |
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Subsidiary |
The Colony, TX |
United States |
Food Processing |
|
575 |
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Subsidiary |
Wilsonville, OR |
United States |
Food Processing |
296.0 |
560 |
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Branch |
Bend, OR |
United States |
Food Processing |
27.3 |
24 |
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Branch |
Springfield, OR |
United States |
Food Processing |
27.3 |
24 |
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Subsidiary |
Clifton Park, NY |
United States |
Food Processing |
75.0 |
550 |
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Subsidiary |
St Paul, MN |
United States |
Food Processing |
|
550 |
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Subsidiary |
Nashville, TN |
United States |
Food Processing |
|
550 |
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Subsidiary |
Limerick |
Ireland |
Food Processing |
219.1 |
506 |
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Subsidiary |
Lubbock, TX |
United States |
Food Processing |
|
501 |
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Subsidiary |
Concord, NC |
United States |
Food Processing |
450.0 |
500 |
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Subsidiary |
Lincoln, NE |
United States |
Food Processing |
280.0 |
500 |
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Branch |
Omaha, NE |
United States |
Food Processing |
56.9 |
50 |
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Subsidiary |
Warners, NY |
United States |
Food Processing |
22.5 |
500 |
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Branch |
Tonawanda, NY |
United States |
Food Processing |
27.3 |
24 |
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Subsidiary |
Jackson, WI |
United States |
Food Processing |
|
500 |
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Subsidiary |
Harrisburg, PA |
United States |
Food Processing |
|
500 |
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Subsidiary |
Jackson, MS |
United States |
Food Processing |
|
500 |
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Subsidiary |
Rocky Hill, CT |
United States |
Food Processing |
|
500 |
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Subsidiary |
Philadelphia, PA |
United States |
Food Processing |
350.0 |
450 |
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Subsidiary |
Louisville, KY |
United States |
Food Processing |
15.0 |
450 |
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Subsidiary |
Tolleson, AZ |
United States |
Food Processing |
|
450 |
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Subsidiary |
Riviera Beach, FL |
United States |
Food Processing |
|
440 |
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Subsidiary |
Norman, OK |
United States |
Food Processing |
10.0 |
420 |
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Branch |
Tulsa, OK |
United States |
Food Processing |
47.8 |
42 |
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Subsidiary |
Modesto, CA |
United States |
Food Processing |
40.0 |
414 |
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Subsidiary |
Westbrook, ME |
United States |
Food Processing |
220.0 |
400 |
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Subsidiary |
Poway, CA |
United States |
Food Processing |
141.9 |
400 |
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Subsidiary |
Billings, MT |
United States |
Food Processing |
|
400 |
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Subsidiary |
Harahan, LA |
United States |
Food Processing |
|
400 |
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Branch |
Baton Rouge, LA |
United States |
Food Processing |
56.9 |
50 |
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Branch |
Gulfport, MS |
United States |
Retail (Grocery) |
8.9 |
40 |
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Branch |
Lake Charles, LA |
United States |
Food Processing |
22.7 |
20 |
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Subsidiary |
Grand Rapids, MI |
United States |
Food Processing |
|
400 |
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Subsidiary |
Albuquerque, NM |
United States |
Food Processing |
|
400 |
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Subsidiary |
Columbia, SC |
United States |
Food Processing |
|
400 |
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Subsidiary |
Harrisonburg, VA |
United States |
Food Processing |
|
400 |
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Subsidiary |
Calera, AL |
United States |
Food Processing |
170.0 |
370 |
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Subsidiary |
Jacksonville, FL |
United States |
Food Processing |
|
370 |
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Subsidiary |
Little Rock, AR |
United States |
Food Processing |
|
361 |
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Branch |
Fort Smith, AR |
United States |
Food Processing |
27.3 |
24 |
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Subsidiary |
Round Rock, TX |
United States |
Food Processing |
|
350 |
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Subsidiary |
Post Falls, ID |
United States |
Food Processing |
|
350 |
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Branch |
Spokane, WA |
United States |
Food Processing |
27.3 |
24 |
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Subsidiary |
Lincoln, IL |
United States |
Food Processing |
40.0 |
325 |
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Subsidiary |
Cincinnati, OH |
United States |
Food Processing |
|
310 |
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Subsidiary |
Columbus, OH |
United States |
Food Processing |
125.0 |
300 |
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Subsidiary |
San Antonio, TX |
United States |
Food Processing |
75.0 |
300 |
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Branch |
Corpus Christi, TX |
United States |
Food Processing |
45.5 |
40 |
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Subsidiary |
Harmony, PA |
United States |
Food Processing |
|
300 |
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Subsidiary |
Vancouver, BC |
Canada |
Food Processing |
|
300 |
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Branch |
Vancouver, BC |
Canada |
Food Processing |
116.5 |
130 |
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Branch |
Nanaimo, BC |
Canada |
Food Processing |
40.8 |
47 |
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Subsidiary |
Geneva, AL |
United States |
Food Processing |
|
300 |
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Subsidiary |
Oxnard, CA |
United States |
Food Processing |
|
300 |
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Subsidiary |
Front Royal, VA |
United States |
Food Processing |
|
300 |
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Branch |
Salinas, CA |
United States |
Food Processing |
27.3 |
24 |
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Subsidiary |
Selma, NC |
United States |
Food Processing |
|
300 |
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Subsidiary |
Indianapolis, IN |
United States |
Food Processing |
|
300 |
|
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Subsidiary |
Ankeny, IA |
United States |
Food Processing |
|
275 |
|
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Subsidiary |
Houston, TX |
United States |
Food Processing |
300.0 |
250 |
|
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Branch |
Dallas, TX |
United States |
Food Processing |
794.3 |
260 |
|
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Branch |
Houston, TX |
United States |
Food Processing |
763.8 |
250 |
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Branch |
San Antonio, TX |
United States |
Food Processing |
38.7 |
70 |
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Branch |
Denver, CO |
United States |
Food Processing |
110.0 |
36 |
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Subsidiary |
Vernon, CA |
United States |
Restaurants |
61.8 |
250 |
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Subsidiary |
Knoxville, TN |
United States |
Food Processing |
|
250 |
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Subsidiary |
Las Vegas, NV |
United States |
Food Processing |
|
220 |
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Subsidiary |
Boise, ID |
United States |
Food Processing |
100.0 |
210 |
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Subsidiary |
Dublin, OH |
United States |
Food Processing |
4,000.0 |
200 |
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Branch |
San Antonio, TX |
United States |
Food Processing |
454.8 |
400 |
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Branch |
Harrisburg, PA |
United States |
Business Services |
398.0 |
350 |
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Branch |
Columbus, OH |
United States |
Food Processing |
398.0 |
350 |
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Branch |
Danville, IL |
United States |
Food Processing |
341.1 |
300 |
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Branch |
Charlotte, NC |
United States |
Food Processing |
170.6 |
150 |
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Branch |
Denver, CO |
United States |
Food Processing |
170.6 |
150 |
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Branch |
Kansas City, MO |
United States |
Food Processing |
170.6 |
150 |
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Branch |
Clackamas, OR |
United States |
Business Services |
125.1 |
110 |
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Branch |
Westborough, MA |
United States |
Food Processing |
91.0 |
80 |
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Branch |
Monroe, MI |
United States |
Food Processing |
80.7 |
71 |
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Branch |
Stockton, CA |
United States |
Food Processing |
68.2 |
60 |
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Branch |
Pryor, OK |
United States |
Food Processing |
27.3 |
24 |
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Branch |
Newnan, GA |
United States |
Food Processing |
27.3 |
24 |
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Subsidiary |
West Jordan, UT |
United States |
Food Processing |
300.0 |
200 |
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Subsidiary |
St Charles, MO |
United States |
Food Processing |
99.9 |
200 |
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Branch |
Springfield, MO |
United States |
Retail (Grocery) |
13.9 |
60 |
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Subsidiary |
Suffolk, VA |
United States |
Food Processing |
87.2 |
200 |
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Subsidiary |
Irvine, CA |
United States |
Food Processing |
87.0 |
200 |
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Subsidiary |
Lincoln, NE |
United States |
Food Processing |
39.5 |
200 |
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Subsidiary |
St Paul, MN |
United States |
Food Processing |
|
200 |
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Subsidiary |
Fargo, ND |
United States |
Food Processing |
5.0 |
150 |
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Subsidiary |
Monmouth Jct, NJ |
United States |
Personal and Household Products |
300.0 |
125 |
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Branch |
Lorain, OH |
United States |
Business Services |
15.6 |
45 |
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Branch |
Atlanta, GA |
United States |
Miscellaneous Fabricated Products |
14.3 |
43 |
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Branch |
Odenton, MD |
United States |
Miscellaneous Fabricated Products |
13.3 |
40 |
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Branch |
Orlando, FL |
United States |
Personal and Household Products |
27.3 |
38 |
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Branch |
Concord, NC |
United States |
Business Services |
10.4 |
30 |
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Branch |
Garland, TX |
United States |
Business Services |
10.4 |
30 |
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Subsidiary |
Mississauga, ON |
Canada |
Personal Services |
|
25 |
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Subsidiary |
Fremont, CA |
United States |
Food Processing |
64.0 |
125 |
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Subsidiary |
Northwood, OH |
United States |
Food Processing |
|
125 |
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Subsidiary |
Las Vegas, NV |
United States |
Food Processing |
305.5 |
100 |
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Subsidiary |
Portland, OR |
United States |
Food Processing |
|
100 |
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Subsidiary |
Washington, DC |
United States |
Food Processing |
|
100 |
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Subsidiary |
Plant City, FL |
United States |
Food Processing |
91.0 |
80 |
|
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Subsidiary |
Anchorage, AK |
United States |
Food Processing |
|
62 |
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Subsidiary |
Etobicoke, ON |
Canada |
Restaurants |
|
60 |
|
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Branch |
Peterborough, ON |
Canada |
Food Processing |
732.9 |
500 |
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Branch |
Port Coquitlam, BC |
Canada |
Food Processing |
662.1 |
450 |
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Branch |
Calgary, AB |
Canada |
Food Processing |
653.4 |
450 |
|
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Branch |
Mississauga, ON |
Canada |
Food Processing |
594.5 |
400 |
|
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Branch |
Acheson, AB |
Canada |
Food Processing |
576.4 |
400 |
|
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Branch |
Winnipeg, MB |
Canada |
Miscellaneous Capital Goods |
151.9 |
300 |
|
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Branch |
Montreal, QC |
Canada |
Restaurants |
22.6 |
230 |
|
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Branch |
Lakeside, NS |
Canada |
Food Processing |
288.2 |
200 |
|
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Branch |
Kingston, ON |
Canada |
Business Services |
235.4 |
160 |
|
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Branch |
Regina, SK |
Canada |
Food Processing |
220.7 |
150 |
|
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Branch |
Moncton, NB |
Canada |
Food Processing |
145.2 |
100 |
|
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Branch |
Dieppe, NB |
Canada |
Food Processing |
145.2 |
100 |
|
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Branch |
Mount Pearl, NL |
Canada |
Food Processing |
144.6 |
100 |
|
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Branch |
Vancouver, BC |
Canada |
Food Processing |
89.6 |
100 |
|
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Branch |
Milton, ON |
Canada |
Restaurants |
9.9 |
100 |
|
|
Branch |
Sturgeon Falls, ON |
Canada |
Food Processing |
118.2 |
80 |
|
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Branch |
Etobicoke, ON |
Canada |
Food Processing |
53.5 |
75 |
|
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Branch |
Lakeside, NS |
Canada |
Food Processing |
72.1 |
50 |
|
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Branch |
Etobicoke, ON |
Canada |
Food Processing |
44.0 |
50 |
|
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Branch |
Thunder Bay, ON |
Canada |
Miscellaneous Capital Goods |
25.8 |
50 |
|
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Branch |
Mississauga, ON |
Canada |
Business Services |
13.6 |
30 |
|
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Subsidiary |
Austin, TX |
United States |
Food Processing |
|
50 |
|
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Subsidiary |
Houston, TX |
United States |
Food Processing |
625.0 |
|
|
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Branch |
Pompano Beach, FL |
United States |
Food Processing |
180.7 |
265 |
|
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Branch |
Orlando, FL |
United States |
Retail (Grocery) |
42.2 |
190 |
|
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Subsidiary |
Forest Park, GA |
United States |
Food Processing |
102.3 |
150 |
|
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Branch |
Hartford, CT |
United States |
Food Processing |
159.2 |
140 |
|
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Branch |
Jacksonville, FL |
United States |
Food Processing |
92.1 |
135 |
|
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Branch |
S San Francisco, CA |
United States |
Food Processing |
55.0 |
120 |
|
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Subsidiary |
Denver, CO |
United States |
Food Processing |
75.0 |
110 |
|
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Branch |
Nashville, TN |
United States |
Food Processing |
68.2 |
100 |
|
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Branch |
Turlock, CA |
United States |
Food Processing |
68.2 |
100 |
|
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Branch |
Charlotte, NC |
United States |
Retail (Grocery) |
17.8 |
80 |
|
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Branch |
Las Vegas, NV |
United States |
Food Processing |
40.9 |
60 |
|
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Branch |
Savannah, GA |
United States |
Food Processing |
36.1 |
53 |
|
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Subsidiary |
Oklahoma City, OK |
United States |
Food Processing |
|
50 |
|
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Branch |
Broken Arrow, OK |
United States |
Food Processing |
13.6 |
20 |
|
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Branch |
Fort Myers, FL |
United States |
Food Processing |
27.3 |
40 |
|
|
Branch |
Gainesville, FL |
United States |
Food Processing |
20.5 |
30 |
|
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Subsidiary |
Nashville, TN |
United States |
Food Processing |
17.1 |
25 |
|
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Branch |
City Of Industry, CA |
United States |
Food Processing |
15.0 |
22 |
|
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Subsidiary |
Jersey City, NJ |
United States |
Food Processing |
175.0 |
|
|
|
Subsidiary |
Longview, TX |
United States |
Food Processing |
|
|
|
|
Subsidiary |
Alachua, FL |
United States |
Food Processing |
|
|
Executives Report
|
Manufacturing: Nestle to expand coffee pod production in Britain
Guardian (UK): 24 November 2011
[What follows is the full text of the news story.]
Nestle, the
international food group, has announced plans to expand production at one of
its British plants, creating 300 jobs. The announcement of the investment at
Nestle's coffee production site in Tutbury, near Burton upon Trent, was
welcomed by David Cameron, the prime minister, as "excellent news"
for Britain's manufacturing sector. Nestle said 300 jobs would be created at
the factory by 2013 as it expands the production of coffee pods for its Nescafe
Dolce Gusto range. The pounds 110m investment will build 12 new production
lines for pods to be sold in Britain and exported to 38 other countries. PA
Sysco announces
executive leadership team promotions
Datamonitor RetailWire: 07 November 2011
[What follows is the full text of the news story.]
Sysco Corporation,
which sells, markets and distributes food products to restaurants, healthcare
and educational facilities, has announced executive leadership team promotions.
Mike Green,
Executive Vice President-Food Service Operations, was promoted to Executive
Vice President and Group President. Green will oversee all Sysco operating
companies, including all US and Canada broadline companies, meat companies,
SYGMA, FreshPoint, International Food Group, Sysco Guest Supply and Pallas
Foods in Ireland.
Green began his
foodservice career in 1981, serving 10 years in various sales and management
positions before joining Sysco Food Services of Chicago. He progressed through
numerous roles of increasing responsibility in his Sysco career, chiefly in the
Midwestern United States, before moving to Sysco's corporate headquarters in
2010 for his current role.
Larry Pulliam,
Executive Vice President-Food Service Operations, was promoted to Executive
Vice President and Group President. Pulliam will oversee Sysco's contract
sales, distribution services, sustainability, supply chain services,
procurement services, business transformation and information technology
functions.
Pulliam began his
foodservice career in 1975 in Fort Worth, Texas. He joined Sysco in 1987 and
has since served in numerous leadership capacities at Sysco's corporate
headquarters and various Sysco operating companies and specialty companies
throughout North America, including Sysco Houston. Pulliam has been in his
current position since July 2009.
Russell Libby,
Vice President, General Counsel and Secretary, was promoted to Senior Vice
President and will continue to oversee Sysco's legal affairs, mergers and
acquisitions. Libby joined Sysco in 2007 as Assistant Vice President-Mergers
& Acquisitions and Real Estate and was promoted to his current position
earlier in 2011. He began his career in 1991 as a corporate associate with
Arnall Golden Gregory, LLP, in Atlanta, Ga. He also has held leadership
positions at Liuski International, Inc., a computer distribution and
manufacturing company; COFRA Holding A.G., a Swiss international conglomerate;
and Good Energies, Inc., an investment advisor.
Brian Beach, Vice
President and President-Sysco Ventures, was promoted to Senior Vice President
and will continue to lead Sysco's pursuit and development of strategic
foodservice opportunities, particularly in the areas of restaurant technology
and applications.
Beach joined Sysco
in early 2011 from the University of Florida where he was senior vice president
for administration and business ventures and chief of staff to the president.
He began his career in 1991 at Ernst and Young as a senior consultant, followed
by roles at Allen C. Ewing & Co. Investment Bankers, Synagen Capital
Partners and SI Ventures, a technology-focused venture capital firm.
"We have an
outstanding leadership team," said Bill DeLaney, Sysco President and CEO.
"These promotions reflect the strength and depth of the team and will
enhance our ability to successfully execute our annual business plan,
effectively implement our multi-year business transformation efforts and
accomplish our key strategic objectives."
Sysco Announces
Leadership Team Promotions
GlobeNewswire: 04 November 2011
[What follows is the full text of the news story.]
HOUSTON, Nov. 4,
2011 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced the
following executive leadership team promotions:
Mike Green,
Executive Vice President-Food Service Operations, was promoted to Executive
Vice President and Group President. Green will oversee all Sysco operating
companies, including all U.S. and Canada broadline companies, meat companies,
SYGMA, FreshPoint, International Food Group, Sysco Guest Supply and Pallas
Foods in Ireland. Green began his foodservice career in 1981, serving 10 years
in various sales and management positions before joining Sysco Food Services of
Chicago. He progressed through numerous roles of increasing responsibility in
his Sysco career, chiefly in the Midwestern United States, before moving to
Sysco's corporate headquarters in 2010 for his current role.
Larry Pulliam,
Executive Vice President-Food Service Operations, was promoted to Executive
Vice President and Group President. Pulliam will oversee Sysco's contract
sales, distribution services, sustainability, supply chain services,
procurement services, business transformation and information technology
functions. Pulliam is a longstanding leader in the industry, who began his
foodservice career in 1975 in Fort Worth, Texas.�He joined Sysco in 1987 and
has since served in numerous leadership capacities at Sysco's corporate
headquarters and various Sysco operating companies and specialty companies
throughout North America, including Sysco Houston. Pulliam has been in his
current position since July 2009.�
Russell Libby,
Vice President, General Counsel and Secretary, was promoted to Senior Vice
President and will continue to oversee Sysco's legal affairs, mergers and
acquisitions. Libby joined Sysco in 2007 as Assistant Vice President-Mergers
& Acquisitions and Real Estate and was promoted to his current position
earlier this year.� He began his career in 1991 as a corporate associate with
Arnall Golden Gregory, LLP, in Atlanta, Ga.� He also has held leadership
positions at Liuski International, Inc., a computer distribution and
manufacturing company; COFRA Holding A.G., a Swiss international conglomerate;
and Good Energies, Inc., an investment advisor.�
Brian Beach, Vice
President and President-Sysco Ventures, was promoted to Senior Vice President
and will continue to lead Sysco's pursuit and development of strategic
foodservice opportunities, particularly in the areas of restaurant technology
and applications. Beach joined Sysco in early 2011 from the University of
Florida where he was senior vice president for administration and business
ventures and chief of staff to the president. He began his career in 1991 at
Ernst and Young as a senior consultant, followed by roles at Allen C. Ewing
& Co. Investment Bankers, Synagen Capital Partners and SI Ventures, a
technology-focused venture capital firm.
"We have an
outstanding leadership team," said Bill DeLaney, Sysco President and CEO.
"These promotions reflect the strength and depth of the team and will
enhance our ability to successfully execute our annual business plan,
effectively implement our multi-year business transformation efforts and accomplish
our key strategic objectives."
Each of these
Sysco leaders will report directly to DeLaney.
About Sysco
Sysco is the
global leader in selling, marketing and distributing food products to
restaurants, healthcare and educational facilities, lodging establishments and
other customers who prepare meals away from home. Its family of products also
includes equipment and supplies for the foodservice and hospitality industries.
The company operates 177 distribution facilities serving approximately 400,000
customers. For the fiscal year 2011 that ended July 2, 2011 the company
generated record sales of more than $39 billion. For more information about
Sysco visit the company's Internet home page at www.sysco.com and for investor
relations news follow us at www.twitter.com/SyscoStock.
The Sysco
Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=747
CONTACT: Charley
Wilson
Vice President, Corporate
Communications
T
281-584-2423
Source: Sysco
Corporation
DJ Premier Foods
Appoints Michael Clarke CEO, Schofield To Retire
OsterDowJones: 14 July 2011
[What follows is the full text of the news story.]
LONDON, Jul 14,
2011 (Dow Jones Commodities News via Comtex) -- Premier Foods PLC (PFD.LN), an
International food group that houses the Hovis, Oxo and Branston brands under
its portfolio, said Thursday it has appointed Mike Clarke, currently President
of Kraft Foods Europe, as Chief Executive Officer of the Company with effect
from Sep. 1.
MAIN FACTS:
-As previously
announced, Robert Schofield, the current CEO, is retiring from the Company and
will now leave the business following a short handover.
-Shares closed
Wednesday at 18 pence valuing the company at GBP434.04 million.
-By Ian Walker,
Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com
(END) Dow Jones
Newswires
07-14-110215ET
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.17 |
|
|
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.43 |
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.