MIRA
INFORM REPORT
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Report Date : |
12.09.2014 |
IDENTIFICATION DETAILS
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Name : |
ASSOCIATED BRANDS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.08.1985 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject produces and distributes private label, co-manufactured,
and foodservice dry packaged foods |
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No. of Employees |
650 |
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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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Canada |
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 |
CANADA ECONOMIC OVERVIEW
As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian merchandise exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its abundant natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-13 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela
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Source
: CIA |
note
Your order on: ASSOCIATED BRANDS LP
The correct name is: ASSOCIATED BRANDS, INC.
Company name and address
Company name: ASSOCIATED BRANDS, INC.
Address:
Telephone: +1 905-206-1123
Fax: +1 905-614-4535
Website: www.associatedbranbds.com
Corporate ID#: ON-001548973
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 11-15-2002
Date founded: 08-13-1985
Stock: -
Value: -
Name of
manager: Scott GREENWOOD
ACTIVITIES
& OPERATIONS
Business:
Associated Brands Inc. produces and distributes private label, co-manufactured, and foodservice dry packaged foods in North America.
The company offers powdered soft drinks, sweeteners, side dishes, bouillons, hot chocolate drinks, dry soups, stuffing, coating mixes, hot and cold beverages, desserts, cereals, baking items, cooking mixes, flavored drink mixes, iced teas, and sweeteners.
It also offers private label powder supplements for diet, body building, sports nutrition, and children's drinks; and weight management products.
In addition, the company offers cleaning clothes for various types of household cleaning and kitchen, as well as for cleaning jobs and the garage. It serves food retailers and manufacturers in Canada, the United States, the Caribbean, and Mexico.
The company was founded in 1982 and is headquartered in Mississauga, Canada with manufacturing facilities in Winnipeg, Canada; and Medina, New York.
As of October 8, 2013, Associated Brands Inc. operates as a subsidiary of Treehouse Foods, Inc.
Staff: 650
Operations
& branches:
At the
headquarters, we find the corporate office.
The Company
maintains a branch located:
7661 82nd
Street
Delta,
British Columbia V4G 1L9 - Canada
SHAREHOLDERS & MANAGERS
Shareholders:
Treehouse Foods, Inc.
2021 Spring Road, Suite 600
Oak Brook, IL 60523 - United States
The Company is listed with the NYSE under symbol THS.
Management:
Scott GREENWOOD serves as Chief Executive Officer of Associated Brands Inc. Mr. Greenwood serves as the Chief Executive Officer and President of Nellson Nutraceutical, LLC.
He served as Chief Executive Officer of New World Pasta Co. since December 8, 2005. Mr. Greenwood's served as U.S. President of Puratos Corporation, a worldwide supplier to bakery and patisserie customers.
Prior to Puratos, Mr. Greenwood served in a variety of roles of increasing responsibility and breadth at Dole Food Company, Inc., including President of Dole Fresh Flowers, Unilever and General Mills Canada, Inc.
Mr. Greenwood has more than 20 years of leading experience in the food and consumer packaged goods industries.
Ms. Suzanne SHADGETT has been Chief Financial Officer and Vice President of Associated Brands, Inc. since January 31, 2006.
As far as we know, they are involved in other corporations, including:
Associated Brands Management Holdings, Inc.
1790 Matheson Blvd, Mississauga, Ontario L4W 0B3
North America Tea and Coffee, Inc.
7861 82nd Street, Riverway Industrial Park, Delta, BC V4G 1L9 - Canad
FINANCIALS
In Canada,
privately held corporations are not required to publish any financials.
On a direct
call, nobody was available to answer our questions.
We sent a
fax but no answer received at this time.
However,
sales declared for fiscal year ending 06-30-2013 is
USD
200,000,000=
The
business is profitable.
Banks: Bank of Montreal
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LEGAL FILINGS
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC): Several
Haut du formulaire
COMPANY
CREDIT HISTORY
Trade
references:
Date
reported: August 2014
High
credit: CAD 60,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: August 2014
High
credit: CAD 1,000,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: August 2014
High
credit: CAD 1,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of
business: Telecommunications
Paying
status: On terms
Domestic credit history:
National
Credit Bureaus gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made on due date.
Other comments:
The Company
is developing a strong business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
The risk is
low.
Our opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.19 |
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1 |
Rs.98.65 |
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Euro |
1 |
Rs.78.63 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.