MIRA INFORM REPORT

Report Date :

28.05.2011

IDENTIFICATION DETAILS

Name :	RED RIVER FOODS INCORPORATED

Registered Office :	9020 Stony Point PKWY STE 380, Richmond ,VA ,23235

Country :	United States

Date of Incorporation :	11.11.1990

Legal Form :	Corporation for Profit

Line of Business :	Wholesaler of Food products

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 30,000
Status :	Small Company
Payment Behaviour :	No Complaints
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United States

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

Bottom of Form

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATIOn

Ordered as:	Red River Foods Inc
Address in the order:	9020 Stony Point Parkway Ste #380 Richmond VA 23235-1944

Legal Name:	Red River Foods Incorporated

Legal Address	9020 Stony Point PKWY STE 380 Richmond ,VA ,23235, USA

Telephone:	+1 (804) 320-1800	Document Number :	0366998-3
Fax:	+1 (804) 320-1896	Legal Form:	Corporation for Profit
Email:	NA	Registered in:	Virginia
Website:	www.redriverfoods.com	Date Created:	1990
Manager:	James A. Phipps, President	Date Incorporated:	November 11th, 1990
Staff:	15	Stock:	5,000
		Value:	NA
Activity:	Wholesaler of Food products

BANKS

Name of the Bank

Bank of America

BUSINESS

HISTORY
	Red River Foods, Incorporated is a private company created in 1990.-
PRINCIPAL ACTIVITY
	Red River Foods, Incorporated is working as an importer and wholesaler of food products.
Products/Services description:
	The company imports a wide variety of tree nuts, dried fruit, seeds, and specialty snack products.
Sales are:
	Wholesale
Clients:
	They supply the bakery, confectionary, cereal, dairy, and snack food industries. Retailers.
Operations area:
	National, International
The company imports from Worldwide, depending on the demand
The company does not export
Trade References:
	Despite our searches we were not able to find any company's trade references
The subject employs 15 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at 9020 Stony Point Parkway, Suite 380, Richmond, VA 23235 USA

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	This is a private company. Mr. James A. Phipps is the company main shareholders.
Management:
	James A Phipps, President Sarah Gravie, Accountant
Related Companies:
	Red River Foods, Inc. 155 Granada Street, Suite Q Camarillo, California 93010 USA Gold Harbor Commodities, Inc. Northgate Office Building, Suite 302 9750 Third Avenue N.E.

Financials - COMMERCIAL TRENDS AND FORECAST

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

However our financial sources could provide us with the following data.

Those figures are estimates provided by confidential banking and financial institutions working with the company.

Currency	DATE
USD	2010
Turnover	2,000,000
The cash flow is	Normal

Legal Fillings

There is one UCC** files listed with the Secretary of State of Virginia.

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 which employs 15 people and has 21 years of experience in the market.

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

The company's income remains fair for its size.

The subject's length of payment has remained regular.

The company' debt level is correct at this time.

The subject can handle a credit line for USD 30,000.-

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 us any information on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.21
UK Pound	1	Rs.74.31
Euro	1	Rs.64.40

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%)

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