MIRA INFORM REPORT

Report Date :

27.01.2011

IDENTIFICATION DETAILS

Correct Name :	AMERICAN ROLAND FOOD CORPORATION

Registered Office :	71 West 23rd Street, New York, New York, 10010

Country :	United States

Date of Incorporation :	10.11.1967

Legal Form :	Corporation for Profit

Line of Business :	Importer and distributor of groceries

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 25,000.
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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

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:	American Roland Food Corp
Address in the order:	71 West, 23 Street, New York, NY 10010

Legal Name:	American Roland Food Corporation

Legal Address	71 West 23rd Street, New York, New York, 10010, USA.

Telephone:	(212) 741-8290	ID :	216052
Fax:	212) 741-8855	Legal Form:	Corporation for Profit
Email:	N.A.	Registered in:	New York
Website:	www.rolandfood.com	Date Created:	N.A.
Manager:	Charles E Scheidt, President	Date Incorporated:	NOVEMBER 10, 1967
Staff:	10	Stock:	200
		Value:	No Par Value
Activity:	Importer and distributor of groceries

BANKS

Name of the Bank

JP Morgan Chase Bank

BUSINESS

HISTORY
	American Roland Food Corp. was incorporated in 1967 in New York.
PRINCIPAL ACTIVITY
	Importer and distributor of groceries.
Products/Services description:
	American Roland Food Corp. engages in importing and marketing specialty foods. It offers various selections of products, including Asian specialties, baked items, cocktail items, condiments and spices, cooking wine, desserts and chocolate, snails and snail accessories, snail shells, fruit, grains and noodles, non-foods, oils, sauces, seafood, snacks, teas, truffles and pates, vegetables, vinegars, and recipes. The company also distributes the owned trademark ROLAND.
Sales are:
	Wholesale
Brands:
	Roland
Clients:
	Restaurants, home kitchens, supermarkets, club stores, gourmet shops, online stores, and ethnic deli markets.
Operations area:
	National, International, Local
The company imports from worldwide
The company exports to Latin America
The subject employs 10 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at 71 West 23rd Street, New York, NY 10010, USA.
Branches:
	The company has an additional warehouse facility in Dayton, NJ, USA.

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	American Roland Food Corp is family owned and run business owned by the Scheidt family.
Management:
	Charles E. Scheidt, President Joanne Scheidt, Director

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted the operator of the company who refused to provide any financial information without knowing the name of the inquiring party.

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

Currency	DATE
USD	2009
Turnover	1,400,000
The cash flow is	Normal

Legal Fillings

There are no 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 US company as it has currently a staff of 10 employees. It has been incorporated for business for 43 years.

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

A credit line may be considered for USD 25,000.

SUMMARY

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

APPENDIX

Position
	Operator
Comments
	The person contacted refused to provide any information on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.53
UK Pound	1	Rs.72.78
Euro	1	Rs.62.14

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.