MIRA INFORM REPORT

Report Date :

27.04.2011

IDENTIFICATION DETAILS

Name :	SPECIALITY COMMODITIES INC

Registered Office :	1530 47th Street Nw Po Box 2667 Fargo, Nd 58108-2667,

Country :	United States

Date of Incorporation :	12.03.1987

Legal Form :	Corporation for Profit.

Line of Business :	Specialty Products Distribution.

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate

Payment Behaviour :	Unknown

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:	Speciality Commodities Inc
Address in the order:	1530 47th Street NW Fargo ND 58102

Legal Name:	Speciality Commodities Inc (SCI)
Trade Name:	SCI
Legal Address	1530 47TH STREET NW PO BOX 2667 FARGO, ND 58108-2667, USA

Telephone:	(701) 282-8222	ID :	1004700
Fax:	(701) 282-7574	Legal Form:	Corporation for Profit
Email:	info@scifargo.com	Registered in:	North Dakota
Website:	http://www.scifargo.com/	Date Created:	1987
Manager:	Larry Leinter, President	Date Incorporated:	March 12th, 1987
Staff:	30	Stock:	25,000
		Value:	USD 1.00
Activity:	Specialty products distribution.

BANKS

Name of the Bank	U.S. BANK NATIONAL ASSOCIATION
Location	800 NICOLLET MALL MINNEAPOLIS MN 55402- 7000

Name of the Bank	WELLS FARGO BANK, NATIONAL ASSOCIATION
Location	730 2ND AVE S SUITE 1000MAC MINNEAPOLIS MN 55479- 0001

Name of the Bank	WELLS FARGO BANK NORTH DAKOTA, N.A.
Location	406 MAIN AVE FARGO ND 58126- 0001
BUSINESS
HISTORY
	The company was founded in 1987.
PRINCIPAL ACTIVITY
	The company imports, manufactures, and distributes specialty products.
Products/Services description:
	The company specialty foods include nuts, edible grains and seeds, dried fruits, spices, bird and small animal, feed ingredients, non-GMO products, and organics. It also serves food and pet food manufacturers.
Sales are:
	Wholesale
Clients:
	Food and pet food manufacturers and other professionals of the industry.
Operations area:
	National
The subject employs 30 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at: 1530 47TH STREET NW PO BOX 2667 FARGO, ND 58108-2667, USA
Surface area:
	50,000 square feet.
Branches:
	The company has branches nationwide: South Kearney, NJ Los Angeles, CA Chicago, IL Minneapolis, MN San Francisco, CA Portland, OR Seattle, WA

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The company is privately held. Mr. Larry Leitner is the major shareholder of the company.
Management:
	Larry Leitner, President Randy Peterson, VP, Pet Food Merchandiser Seth Novak, Merchandiser

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted Ms. Susan, Manager, who refused to provide us any financial data without knowing the name of the inquiring party.

Legal Fillings

There are 36 UCC** files listed with the Secretary of State of North Dakota.

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 30 people and has been in business for 23 years.

There is no financial data available on the company and the person contacted refused to provide any kind of information.

However, the company has current payment experience.

We strongly suggest working with GUARANTEES.

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	N.A.	Public Records	NO
Indebtedness	N.A.	Payments	N.A.
Cash	N.A.

APPENDIX

Person Interviewed
	Mr. Susan
Position
	Manager
Comments
	The person contacted provided the following information: Address Creation date Activity President`s name Shareholders Number of employees

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.59
UK Pound	1	Rs.73.44
Euro	1	Rs.64.87

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.