Home
Jump to Risk Factors
Jump to Industries
Jump to Exposures
Jump to Event Codes
Jump to Wiki Summary

Industries
Electronic Equipment and Instruments
Drug Retail
Apparel Retail
Home Improvement Retail
Food Retail
Retail REITs
Specialty Retail
Automotive Retail
Internet Retail
Computer and Electronics Retail
Health Care Distribution and Services
Air Freight and Logistics
Oil and Gas Storage and Transportation
Oil and Gas Refining and Marketing and Transportation
Transportation
Health Care Facilities

Exposures
Economic
Military
Political reform
Regime
Express intent
Cooperate
Provide

Event Codes
Acknowledge responsibility
Warn
Force
Solicit support
Adjust
Demand
Riot
Accident
Promise policy support
Yield to order
Reward
Release or return
Vote

Wiki	Wiki Summary
Welcome to Our Village, Please Invade Carefully	Welcome To Our Village, Please Invade Carefully is a sitcom on BBC Radio 4 (pilot and first series aired on BBC Radio 2), written by Eddie Robson and produced by Ed Morrish. It concerns the invasion of the small Buckinghamshire village of Cresdon Green by an alien race called the Geonin.
Network address translation	Network address translation (NAT) is a method of mapping an IP address space into another by modifying network address information in the IP header of packets while they are in transit across a traffic routing device. The technique was originally used to avoid the need to assign a new address to every host when a network was moved, or when the upstream Internet service provider was replaced, but could not route the network's address space.
Derivative (finance)	In finance, a derivative is a contract that derives its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, and is often simply called the "underlying".
Financial system	A financial system is a system that allows the exchange of funds between financial market participants such as lenders, investors, and borrowers. Financial systems operate at national and global levels.
Foreign exchange risk	Foreign exchange risk (also known as FX risk, exchange rate risk or currency risk) is a financial risk that exists when a financial transaction is denominated in a currency other than the domestic currency of the company. The exchange risk arises when there is a risk of an unfavourable change in exchange rate between the domestic currency and the denominated currency before the date when the transaction is completed.Foreign exchange risk also exists when the foreign subsidiary of a firm maintains financial statements in a currency other than the domestic currency of the consolidated entity.
Ceramic	A ceramic is any of the various hard, brittle, heat-resistant and corrosion-resistant materials made by shaping and then firing an inorganic, nonmetallic material, such as clay, at a high temperature. Common examples are earthenware, porcelain, and brick.
Bush v. Gore	Bush v. Gore, 531 U.S. 98 (2000), was a decision of the United States Supreme Court on December 12, 2000, that settled a recount dispute in Florida's 2000 presidential election between George W. Bush and Al Gore.
Heinrich Harrer	Heinrich Harrer (German: [ˈhaɪnʁɪç ˈhaʁɐ]; 6 July 1912 – 7 January 2006) was an Austrian mountaineer, sportsman, geographer, Oberscharführer in the Schutzstaffel, and author. He was a member of the four-man climbing team that made the first ascent of the North Face of the Eiger, the "last problem" of the Alps.
Reach the Beach Relay	The Reach the Beach Relay is a long distance relay race that is run through the picturesque hills and valleys of New Hampshire at the start of foliage season. It starts from Bretton Woods and ends at Hampton Beach.
List price	The list price, also known as the manufacturer's suggested retail price (MSRP), or the recommended retail price (RRP), or the suggested retail price (SRP) of a product is the price at which its manufacturer notionally recommends that a retailer sell the product.\nSuggested pricing methods may conflict with competition theory, as they allow prices to be set higher than would be established by supply and demand.
GE Aviation Systems	GE Aviation Systems (formerly Smiths Aerospace) is an American aerospace engineering, aircraft engine and aircraft parts manufacturer.\nSmiths Aerospace was formerly one of four business units of Smiths Group plc., an engineering company and constituent of the FTSE 100 share index.
Vadilal	Vadilal Industries Ltd is an Indian ice cream and flavoured milk manufacturer. It is 115 years old as of April 2022.
Necessary and Proper Clause	The Necessary and Proper Clause, also known as the Elastic Clause, is a clause in Article I, Section 8 of the United States Constitution:\n\nThe Congress shall have Power... To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
Equity (finance)	In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets.
Ultimate Success Today	Ultimate Success Today is the fifth studio album by American post-punk band Protomartyr. Thematically inspired by lead singer Joe Casey's mid-life crisis in the wake of the band's debut being reissued, the album - conceived as a "valediction" of the band's first decade together - was recorded in 2019 at Dreamland Recording Studios in Hurley, New York with the help of producer David Tolomei.
Deontology	In moral philosophy, deontological ethics or deontology (from Greek: δέον, 'obligation, duty' + λόγος, 'study') is the normative ethical theory that the morality of an action should be based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action. It is sometimes described as duty-, obligation-, or rule-based ethics.
Whig Party (United States)	The Whig Party was a political party that espoused traditionalist conservatism in the United States during the middle of the 19th century. Alongside the slightly larger Democratic Party, it was one of the two major parties in the United States between the late 1830s and the early 1850s as part of the Second Party System.
Perennial plant	A perennial plant or simply perennial is a plant that lives more than two years. The term (per- + -ennial, "through the years") is often used to differentiate a plant from shorter-lived annuals and biennials.
Market sentiment	Market sentiment, also known as investor attention, is the general prevailing attitude of investors as to anticipated price development in a market. This attitude is the accumulation of a variety of fundamental and technical factors, including price history, economic reports, seasonal factors, and national and world events.
Agility Logistics	Agility Public Warehousing Company K.S.C.P. is a publicly traded global company headquartered in Kuwait, and is a leading provider of supply chain services, innovation and investment. The company develops and operates logistics parks across the Middle East, Africa and South Asia.
Multiple fruit	Multiple fruits, also called collective fruits, are fruiting bodies formed from a cluster of flowers, the inflorescence. Each flower in the inflorescence produces a fruit, but these mature into a single mass.
Income statement	An income statement or profit and loss account (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) is one of the financial statements of a company and shows the company's revenues and expenses during a particular period.It indicates how the revenues (also known as the “top line”) are transformed into the net income or net profit (the result after all revenues and expenses have been accounted for). The purpose of the income statement is to show managers and investors whether the company made money (profit) or lost money (loss) during the period being reported.
Pure Food and Drug Act	The Pure Food and Drug Act of 1906 was the first of a series of significant consumer protection laws which was enacted by Congress in the 20th century and led to the creation of the Food and Drug Administration. Its main purpose was to ban foreign and interstate traffic in adulterated or mislabeled food and drug products, and it directed the U.S. Bureau of Chemistry to inspect products and refer offenders to prosecutors.
External debt of Haiti	The external debt of Haiti is a notable and controversial national debt which mostly stems from an outstanding 1825 compensation to former slavers of the French colonial empire and later 20th century's corruptions. \nFrench Revolutionary and Napoleonic Wars in Europe allowed rebel Haitians slaves to out power French colonial rule and gain independence in the 1791–1804 Haitian Revolution.
Vista Equity Partners	Vista Equity Partners is an American investment firm focused on financing and forwarding software, data and technology-enabled startup businesses. Vista has invested in hundreds of companies, including Misys, Ping Identity, and Marketo.
Private-equity fund	A private-equity fund is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity.\nPrivate equity funds are typically limited partnerships with a fixed term of 10 years (often with annual extensions).
Atomic commit	In the field of computer science, an atomic commit is an operation that applies a set of distinct changes as a single operation. If the changes are applied, then the atomic commit is said to have succeeded.
Six-factor Model of Psychological Well-being	The Six-factor Model of Psychological Well-being is a theory developed by Carol Ryff which determines six factors which contribute to an individual's psychological well-being, contentment, and happiness. Psychological well-being consists of positive relationships with others, personal mastery, autonomy, a feeling of purpose and meaning in life, and personal growth and development.
Fact	A fact is something that is true. The usual test for a statement of fact is verifiability, that is whether it can be demonstrated to correspond to experience.
Comparable transactions	Comparable transactions, in the context of mergers and acquisitions, is one of the conventional methods to value a company for sale. The main approach of the method is to look at similar or comparable transactions where the acquisition target has a similar business model and similar client base to the company being evaluated.
Analog horror	Analog horror is a niche subgenre of horror fiction and an offshoot of the "found footage" technique. Often cited as originating from early 2010s Internet videos, analog horror is characterized by low-fidelity graphics, cryptic messages, and visual styles reminiscent of late 20th century television (often set between the 1960s and 1990s).
Inhibitory control	Inhibitory control, also known as response inhibition, is a cognitive process – and, more specifically, an executive function – that permits an individual to inhibit their impulses and natural, habitual, or dominant behavioral responses to stimuli (a.k.a. prepotent responses) in order to select a more appropriate behavior that is consistent with completing their goals.
Directors Label	Directors Label is a series of DVDs devoted to notable music video directors.\nFirst released in 2003 by Palm Pictures, the series was created by Spike Jonze, Chris Cunningham, and Michel Gondry, the subjects of the first three volumes.
Incident management	An incident is an event that could lead to loss of, or disruption to, an organization's operations, services or functions. Incident management (IcM) is a term describing the activities of an organization to identify, analyze, and correct hazards to prevent a future re-occurrence.

Risk Factors
CUISINE SOLUTIONS INC ITEM 1A RISK FACTORS The following risk factors should be read carefully in connection with evaluating the Company’s business and the forward-looking information contained in this Annual Report on Form 10-K Any of the following risks could materially adversely affect the Company’s business, operating results, financial condition and the actual outcome of matters as to which forward-looking statements are made in this Annual Report on Form 10-K While the Company believes it has identified and discussed below the key risk factors affecting its business, there may be additional risks and uncertainties that are not presently known or that are not currently believed to be significant that may adversely affect the Company’s business, performance or financial condition in the future
9 _________________________________________________________________ The Company’s foreign operations subject it to a number of risks
In fiscal year 2006, 30dtta6prca of the Company’s sales were generated in foreign countries
The Company’s foreign operations are subject to the risks described in this section, as well as risks related to fluctuations in the value of the US Dollar as compared to the local currencies, economic and political uncertainties in such countries
The Company’s subsidiaries generally conduct their businesses in local currency and, for purposes of financial reporting, their results are translated into US Dollars based on average exchange rates prevailing during a reporting period
During times of a strengthening US Dollar, the Company’s reported revenues and operating income will be reduced because the local currency will be translated into fewer US dollars
As a result, the foreign exchange fluctuations could adversely affect the Company’s profitability
Increases in interest rates may have an adverse impact on the Company’s profitability
The Company has total outstanding short-term borrowings of dlra1cmam000cmam000 which accrue interest at a variable rate based on prevailing interest rates (8dtta5prca as of June 24, 2006)
The Company has not used derivative financial instruments to hedge its interest rate exposure
Therefore, the Company cannot assure that future interest rate increases will not have a negative impact on its business, financial position or operating results
Fluctuation in the availability and price of raw materials may increase the Company’s operating costs, resulting in an adverse impact on the Company’s margins
The Company purchases certain raw materials that are subject to availability and price fluctuations caused by seasonality, weather and other factors
While the movements of raw material costs and the fluctuation of availability are uncertain in fiscal 2005, the Company developed strategic purchasing programs to purchase its raw materials from a number of different suppliers internationally with annual arrangements
However, the implementation of these strategies might not effectively limit or eliminate the exposure to a decline in operating results due to changes in raw material prices and availability
Therefore, the Company cannot assure you that future costs and availability fluctuations in raw material will not have a negative impact on its margins, which could harm the Company’s business, financial position or results of operations
The Company does not enter into long term contracts with its customers, and the loss of one or more significant customers could have a material adverse impact on the Company’s business, results of operations and financial condition
A large portion of Cuisine Solutions’ revenue has traditionally come from the supply of its products to travel-related customers
In fiscal year 2002 and 2003, the Company’s sales declined tremendously as the travel-related industries experienced a major set back in the wake of the September 11, 2001 terrorist attacks
Since fiscal 2004, Cuisine Solutions has made a concerted effort to diversify its sales into other sales channels
Growth in those areas continues to reduce the Company’s dependency on the travel industry
However, the success in implementing this diversification strategy might not limit or eliminate the risk of concentration of sales to certain number of customers
In fiscal 2006, one Military distributor and one Retail customer replaced retail customers as the Company’s two largest customers
Generally, the Company does not enter into long term supply contracts with its customers and, as a result, these customers may generally discontinue purchasing the Company’s products at any time
For example, the Company cannot guarantee that the Army will continue to purchase the items from the Company since the length of time that US troops will remain in the war zones can not be anticipated
The Company is exposed to a number of risks associated with food production, any of which could result in a material adverse effect on the Company
The Company faces all of the risks inherent in the production and distribution of frozen food products, including contamination, adulteration, spoilage, and the associated risks of product liability litigation, which may occur even with an isolated event
Although the Company has modern production facilities, has obtained the governmental approvals that it believes are required for its operations, and employs what it believes are the necessary processes and equipment in order to insure food safety, there can be no assurance that the Company’s procedures will be adequate to prevent the occurrence of such events
Claims alleging problems with the Company’s products, whether or not successful, would likely be expensive to defend, distract management’s attention and could potentially expose the Company to significant liabilities
Although the Company maintains insurance to protect itself against such liabilities, these policies are subject to exclusions and limitations, and there can be no assurance that such insurance would be sufficient to satisfy such liabilities
In any event, regardless of the merit or ultimate success of any claims, such accusations could significantly harm the Company’s reputation, thereby leading to a material adverse effect on the Company’s sales and results of operations
The markets in which the Company competes are highly competitive
The food industry is highly competitive
While the Company currently faces little direct competition in the US from very large competitors in the premium, fully cooked, frozen food market, these potential competitors could choose to enter the Company’s markets
Such company’s are larger and have access to significantly greater financial and other resources than the Company
If large food companies elect to enter the premium markets in which the Company competes, they could outspend the Company and decrease the Company’s market share and potentially drive down prevailing prices in these markets, which would have a material adverse impact on the Company’s results of operations
10 _________________________________________________________________ The Company depends on common carriers to deliver its products, and the disruption of such delivery channels could have an adverse impact on the Company’s ability to deliver its products to market
Logistics and other transportation-related costs have a significant impact on the Company’s earnings and results of operations
The Company uses multiple forms of transportation to bring its products to market
They include trucks, planes, rail cars, and ships
Disruption to the timely supply of these services or increases in the cost of these services for any reason, including availability or cost of fuel, regulations affecting the industry, or labor shortages in the transportation industry, could have an adverse effect on the Company’s ability to serve its customers, and could have a material adverse effect on the Company’s financial performance
As a food company, we are required to comply with many federal, state and local laws and regulations, and the failure to comply with applicable laws could have a material adverse impact on the Company’s reputation and results of operations
The company’s facilities and products are subject to many laws and regulations administered by the United States Department of Agriculture, the Federal Food and Drug Administration, and other federal, state, local, and foreign governmental agencies relating to the processing, packaging, storage, distribution, advertising, labeling, quality, and safety of food products
The Company’s failure to comply with applicable laws and regulations could subject it to administrative penalties and injunctive relief, civil remedies, including fines, injunctions and recalls of its products, and negative publicity
Our future financial performance is subject to a number of additional uncertainties, any of which could have a material adverse impact on the Company’s business, results of operations and financial condition
The Company’s ability to generate cash to meet its expenses and debt service obligations and to otherwise reduce its debt as anticipated will depend on its future performance, which will be affected by financial, business, economic, legislative, regulatory and other factors, including potential changes in consumer preferences, the success of product and marketing innovation and pressure from competitors
Many of these factors are beyond the Company’s control
Any factor that negatively affects the Company’s results of operations, including its cash flow, may also negatively affect its ability to pay the principal and interest on its outstanding debt
If the Company is unable to reduce its debt as anticipated, its interest expense could be materially higher than anticipated and its financial performance could be adversely affected
If the Company does not have enough cash to pay its debt service obligations, it may be required to amend its credit facility or indentures, refinance all or part of its existing debt, sell assets, incur additional indebtedness or raise equity
The Company cannot assure you that it will be able, at any given time, to take any of these actions on terms acceptable to it or at all
The market price of the Company’s common stock may fluctuate significantly for reasons beyond the Company’s control and potentially unrelated to the Company’s performance
The market price and marketability of the Company’s common stock may from time to time be significantly affected by numerous factors, including many over which the Company has no control and that may not be directly related to the Company
These factors include the following: • price and volume fluctuations in the stock market from time to time, which are often unrelated to the operating performance of particular companies; • significant volatility in the market price and trading volume of shares of food companies, which is not necessarily related to the operating performance of these companies; • changes in regulatory policies; • changes in the Company’s earnings or variations in the Company’s operating results; • any shortfall in the Company’s revenue or net income or any increase in losses from levels expected by securities analysts; • departure of key personnel of the Company; • operating performance of companies comparable to the Company; • general economic trends and other external factors; • loss of one or more of the Company’s significant customers; and • loss of a major funding source
Fluctuations in the trading prices of the Company’s shares may adversely affect the liquidity of the trading market for the shares and, if the Company seeks to raise capital through future equity financings, its ability to raise such equity capital
The market for the Company’s common stock has recently been characterized by relatively low trading volume, and high trading volume could result in a significant decline in the Company’s stock price
In the past, the market for the Company’s common stock has been characterized by low and somewhat sporadic trading volume, which has in the past led to extreme price volatility
A large volume of stock being sold into the market at any one time or over a short period of time, or the perception that such events will occur, could cause the Company’s stock price to rapidly decline
11 _________________________________________________________________ Members of the Vilgrain family and their affiliates control a majority of the Company’s common stock and are able to exert significant control over the Company’s future direction
Members of the Vilgrain family and their affiliates together control approximately 59dtta8prca of the Company’s outstanding common stock
As a result, these stockholders, if they act together, are able to exert significant influence, as a practical matter, on all matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions
Additionally, three members of the Vilgrain family serve on the Company’s board of directors, including Stanislas Vilgrain, who also serves as the Company’s chief executive officer
As a result, this concentration of ownership and representation on the Company’s board of directors and management may delay, prevent or deter a change in control, could deprive the Company’s stockholders of an opportunity to receive a premium for their common stock as part of a sale of the Company or its assets and might reduce the market price of the Company’s common stock