MIRA INFORM REPORT

Report Date :

02.04.2011

IDENTIFICATION DETAILS

Name :	INTERNATIONAL HARVEST, INC.

Registered Office :	1212 Avenue Of The Americas, Third Floor, New York, New York, 10036

Country :	United States

Date of Incorporation :	21.10.1991

Legal Form :	Corporation for Profit

Line of Business :	Certified organic, vegan and raw living foods supplier

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 40,000
Status :	Satisfactory
Payment Behaviour :	Regular
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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United States

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	International Harvest
Address in the order:	606 Franklin Ave Mount Vernon NY 10550

Legal Name:	INTERNATIONAL HARVEST, INC.

Legal Address	1212 Avenue Of The Americas, Third Floor New York, New York, 10036, USA (incorporators)
Operative Address	606 Franklin Avenue, Mount Vernon, NY 10550, USA (headquarters)
Telephone:	(914) 699-5600	ID :	1583491
Fax:	(914) 699-5626	Legal Form:	Corporation for Profit
Email:	info@internationalharvest.com	Registered in:	New York
Website:	http://www.internationalharvest.com	Date Created:	1991
Manager:	Karesse Grenier, President	Date Incorporated:	October 21st, 1991
Staff:	45	Stock:	200
		Value:	No par value
Activity:	Certified organic, vegan and raw living foods supplier.

BANKS

Name of the Bank	JPMORGAN CHASE BANK, NA
Location	PO BOX 33035 LOUISVILLE KY 40232- 3035
Name of the Bank	MARLIN BUSINESS BANK
Location	2795 E COTTONWOOD PKWY SALT LAKE CTY UT 84121- 7032

BUSINESS

HISTORY
	The company was founded in 1991.
PRINCIPAL ACTIVITY
	The company is engaged in Certified organic, vegan and raw living foods manufacturing and distribution.
Products/Services description:
	The company offers the following products: Go Big Oat Go Dried Fruits & Nuts Himalayan Harvest International Harvest Lanka Sun Organica DiSicilia Pasta
Sales are:
	Wholesale
Clients:
	Professionals of the industry.
Operations area:
	National
The company does not import
The company does not export
The subject employs 45 employee(s)
PAYMENTS
	made on a 30 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The company is headquartered at: 606 Franklin Avenue Mount Vernon, NY 10550, USA
Comments on location:
	Headquarters and operative location

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The company is privately held. The company`s shareholders are Karesse Grenier and Robert Sterling.
Management:
	Karesse Grenier, President Robert Sterling, Vice President Justin Young, Chief Operating Officer

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

We have contacted Mr. Raymond White, Bookkeeper, who provided us with the following data:

Currency	DATE
USD	2009
Turnover	2,000,000
The cash flow is	normal

Legal Fillings

There are 12 UCC** files listed with the Secretary of State of New York.

There are no legal filings listed with the District Court.

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

For information:

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

Rating

Local credit bureau gave a correct credit rate.

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

Final Opinion

This is a small sized American company. It employs 45 people and has been in business for 19 years.

The income per employee is quite low.

A credit line may be considered for USD 40,000

We suggest a follow up on the company within the next 6 to 8 months.

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	CORRECT	Public Records	NO
Indebtedness	CONTROLLED	Payments	REGULAR
Cash	NORMAL

APPENDIX

Person Interviewed
	Mr. Raymond White
Position
	Bookkeeper
Comments
	The person contacted provided the following information: Address President`s name Shareholders Number of employees Creation date Exports Imports Payment to suppliers Estimated annual revenue

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.65
UK Pound	1	Rs.71.93
Euro	1	Rs.63.24

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

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.