MIRA INFORM REPORT

Report Date :

26.04.2011

IDENTIFICATION DETAILS

Name :	EMERALD SEED COMPANY

Registered Office :	P O Box 1670 El Centro CA 92243

Country :	United States

Date of Incorporation :	27.11.1995

Legal Form :	Corporation for Profit

Line of Business :	Supplier of vegetable seeds

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 10.000.

Status :	Small Company

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:	Emerlad Seed Company
Address in the order:	P O Box 1670 E1 Centro CA 92244, U.S.
Legal Name:	Emerald Seed Company
Legal Address	P O Box 1670 El Centro CA 92243, U.S.
Operative Address	444 S 8th St. El Centro California, 92243, U.S.
Telephone:	+1 (760) 353 1036	ID :	C1773545
Fax:	+1 (760) 353 2233	Legal Form:	Corporation for Profit
Email:	sales@emeraldseed.com	Registered in:	California
Website:	http://www.emeraldseed.com	Date Created:	1995
Manager:	J. Michael Dessert, Ph.D. President	Date Incorporated:	November 27, 1995
Staff:	10	Stock:	NA
		Value:	NA
Activity:	Supplier of vegetable seeds

BANKS

Name of the Bank

VALLEY INDEPENDENT BANK

BUSINESS

HISTORY

	The company was created in the year 1995.
PRINCIPAL ACTIVITY
	The company engages in the supply for vegetable seeds.
Products/Services description:
	Artichoke Seed Asparagus Seed Beet - Prestige Seed Beet Red Express Seed Beet Sterling Seed Broccoli - Royal Favor Seed Broccoli - Royal Gem Seed Broccoli - Royal Quest Seed Butterhead Lettuce Seed Cabbage - Crimson Emerald Seed Cabbage - EM Majestic Seed Carrot - Emerald Bounty Seed Cauliflower - EM Brilliant Seed Chinese Cabbage - EM Napa Seed Cucumber - Action Seed Leaf Lettuce - EM Green Seed
Sales are:
	Wholesale
Brands:
	Emerald
Clients:
	Food growers Farming industry
Operations area:
	National, Local
The company imports from Chile, Hon Kong
The company does not export
Trade References:
	The person contacted refused to provide the names of their suppliers on grounds of confidentiality
The subject employs 10 employee(s)
PAYMENTS
	made on a 50 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The company is headquartered at 444 S 8th St. El Centro California, 92243, U.S.

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	The company is privately held by J. Michael Dessert, Ph.D.
Management:
	J. Michael Dessert, Ph.D. President Robert J. Brown Sales & Marketing Manager Adrienne Duarte Sales Coordinator Irene Roa Export Documentation Manager David Anzola Sales Representative - South America

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted the company but refused to provide us any financial data on grounds of confidentiality.

However our financial sources could provide us with the following data (estimates):

Currency	DATE
USD	2010
Turnover	680.000

Legal Fillings

There are 3 UCC’s files listed with the Secretary of State of California.

There are no legal filings listed with the District Court.

For information:

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 company has been in business for 15 years it has a staff of 10 employees which makes it a small sized company.

There were no legal filings found against the company or its legal representatives.

A credit line may be considered for USD 10.000.

SUMMARY

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

APPENDIX

Comments
	We contacted the company but the receptionist refused to provide all the information requested.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.45
UK Pound	1	Rs.73.35
Euro	1	Rs.64.78

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%)

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.