MIRA INFORM REPORT

Report Date :

19.09.2014

IDENTIFICATION DETAILS

Name :	TRANSNATIONAL FOODS, INC.
Registered Office :	1110 Brickell Avenue, Ste 808, Miami, FL 33131 – USA
Country :	United States
Date of Incorporation :	19.09.2002
Legal Form :	Corporation – Profit
Line of Business :	Subject is engaged in importing and selling food products internationally. It offers bakery products, beverages, breakfast cereals, cereal granola bars, sugar wafers, canned meats, canned sea foods, canned vegetables and mushrooms, canned fruits, condiments, dressings and sauces, snacks, oils, olives and peppers, pasta and rice, peanut butter, preserves, jams, jellies, marmalade and spreads, and soups and bullions.
No of Employees :	26

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Slow but correct
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 01, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
United States	A1	A1

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

UNITED STATES - ECONOMIC OVERVIEW

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops below 6.5% or inflation rises above 2.5%. In late 2013, the Fed announced that it would begin scaling back long-term bond purchases to $75 billion per month in January 2014 and reduce them further as conditions warranted; the Fed, however, would keep short-term rates near zero so long as unemployment and inflation had not crossed the previously stated thresholds. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.

Source : CIA

Company name & address

TRANSNATIONAL FOODS, INC.

Address: 1110 Brickell Avenue, Ste 808, Miami, FL 33131 - USA

Telephone: +1 305-365-9652

Fax: +1 305-503-6780

Website: www.transnationalfoods.com

Corporate ID#: P02000030159

State: Florida

Judicial form: Corporation – Profit

Date incorporated: 09-19-2002

Stock: 2,000 shares common

Value: USD 1= par value

Name of manager: MARCELO YOUNG

ACTIVITIES & OPERATIONS

IST

Business:

Transnational Foods, Inc., a sourcing vendor, engages in importing and selling food products internationally. It offers bakery products, beverages, breakfast cereals, cereal granola bars, sugar wafers, canned meats, canned sea foods, canned vegetables and mushrooms, canned fruits, condiments, dressings and sauces, snacks, oils, olives and peppers, pasta and rice, peanut butter, preserves, jams, jellies, marmalade and spreads, and soups and bullions.

The company’s services include global procurement, import/export warehousing, trade shows private label development, and sales and customer service.

It serves supermarkets, wholesalers, dollar stores, convenience stores, and distributors.

Transnational Foods, Inc. was founded in 2002 and is based in Miami, Florida with procurement offices in South America and Asia.

The company has locations in Shandong, China; and Buenos Aires, Argentina, as well as distribution centers in the United States.

Major brands include PAMPA, SO NATURAL, ALI’S, and others.

Clients include WALGREEN’S, PUBLIX, DOLLAR TREE, FAMILY DOLLAR…

Office of the Foreign Assets Control (OFAC):

The company is not listed on the OFAC list.

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.

Suppliers include:

CAMPOSOL S.A.

CALLE FRANCISCO GRANA 155 URB. SANTA CATALINA, LA VICTORIA LIMA, PERU

NIZA S.A.

AV MADERO 1020 PISO 16 BUENOS AIRES C C1106ACX ARGENTINA

AGROZAFRA S.A. PARAGUAY

EIN: 01-06549999

Staff: 26

Operations & branches:

At the headquarters, we find the corporate office, on lease.

SHAREHOLDERS & MANAGERS

Shareholders:

This is a private Company.

Management:

Marcelo YOUNG is the President, Director and CEO.

Americo PRENESTE is Director and COO.

Francisco YOUNG is Director and Executive Vice President.

As far as we know, they are involved in other corporations, including:

PAMPA BEVERAGES, LLC

1110 Brickell Avenue, Ste 808, Miami, FL 33131

Incorporated in Florida on 05-02-2003

ID# L03000015884

FINANCIALS

In United States, privately held corporations are not required to publish any financials.

On a direct call, a financial assistant controlled the present report.

Sales declared for year 2013 is in the range of USD 70,000,000+

The business is profitable.

Banks: Sun Trust Bank

Mertcantil Commerce Bank

LEGAL FILINGS

Legal filings & complaints:

As of today date, there is no legal filing pending with the Courts.

Secured debts summary (UCC):

File number: 201400690895

Date filed: 02-04-2014

Lapse date: 02-04-2019

Secured Party: Wells Fargo Bank

300 Tri-State International, Lincolnshire, IL 60069

File number: 201400599014

Date filed: 01-21-2014

Lapse date: 01-21-2019

Secured Party: NMHG Financial Services, Inc.

PO Box 35701, Billings, MT 59107

File number: 201308483366

Date filed: 02-21-2013

Lapse date: 02-21-2018

Secured Party: Mercantil Commercebank

220 Alhambra Circle, Coral Gables, FL 33134

File number: 201002929502

Date filed: 07-26-2010

Lapse date: 07-26-2015

Secured Party: Sun Trust Bank

303 Peachtree Street NE, Atlanta, GA 30308

File number: 201002822201

Date filed: 07-07-2010

Lapse date: 07-07-2015

Secured Party: Sun Trust Bank

303 Peachtree Street NE, Atlanta, GA 30308

COMPANY CREDIT HISTORY

TRADE REFERENCES:

Date reported: August 2014

High credit: USD 15,000

Now owing: 0

Past due: 0

Last purchase: July 2014

Line of business: Office supply

Paying status: 7 days beyond terms

Date reported: August 2014

High credit: USD 40,000

Now owing: 0

Past due: 0

Last purchase: July 2014

Line of business: Payroll

Paying status: As agreed

Date reported: August 2014

High credit: USD 800

Now owing: 0

Past due: 0

Last purchase: July 2014

Line of business: Telecommunications

Paying status: 6 days beyond terms

DOMESTIC CREDIT HISTORY:

Domestic credit history appears as follow:

Monthly Payment Trends - Recent Activity

Date	Balance	Current	Up to 30 DBT	31-60 DBT	61-90 DBT	>90 DBT
04/14	$32,000	52%	6%	22%	16%	4%
05/14	$39,800	47%	17%	3%	29%	4%
06/14	$31,000	52%	18%	16%	9%	5%
07/14	$27,500	47%	27%	13%	8%	5%
08/14	$20,100	44%	9%	19%	21%	7%
09/14	$21,500	82%	11%	0%	0%	7%

National Credit Bureaus gave a medium credit rating.

According to our credit analysts, during the last 6 months, domestic payments were made with an average of 7 to 15 days beyond terms.

INTERNATIONAL CREDIT HISTORY:

Payments of imports are currently made with an average of 2 to 5 days beyond terms.

OTHER COMMENTS:

The Company maintains its business.

The bank confirmed late payments but remains confident.

The Company is in good standing.

This means that all local and federal taxes were paid on due date.

Last report was filed on 02-27-2014.

The risk is medium/low.

OUR OPINION:

A business connection may be conducted but we suggest you to check regularly the way of payments.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.05
UK Pound	1	Rs.99.55
Euro	1	Rs.78.57

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	TPT

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.