OTC Bulletin Board

S & P Company Insight for MARANI BRANDS INC

Business Summary: Marani Brands, Inc. engages in the distribution of wine and spirit products manufactured in Armenia. The company's signature product is Marani Vodka, a premium vodka which is manufactured exclusively for the company in Armenia.
  13152 Raymer Street, Suite 1A
  North Hollywood , CA 91605
  Phone: 818-503-5200
  Fax: 818-503-4478
  Website: http://www.maranispirit.com
  Gruber & Company
Transfer Agent
  Standard Transfer & Trust Co., Inc.
Employees:  9
ShareHolders:  50
Founded:  2001
Domicile:  Nevada

Marani Brands, Inc. engages in the distribution of wine and spirit products manufactured in Armenia. The company's signature product is Marani Vodka, a premium vodka which is manufactured exclusively for Marani Brands in Armenia. Marani Vodka is made from winter wheat harvested in Armenia, distilled three times, aged in oak barrels lined with honey and skimmed dried milk, then filtered 25 times. Bottling of the product occurs at the Eraskh distillery in Armenia. In addition to the company's premium vodka, in the future Marani Brands intends to distribute the following products: various premium brandy products manufactured by Eraskh; and a line of sweet dessert wines manufactured by Eraskh. The company's marketing and business plan is focused on maintaining and expanding its channels of distribution and enhancing brand recognition for Marani Brands' premium vodka product through its rebranding, advertising, promotional and distributor relations efforts. The company is a client of Southern Wine & Spirits of America, Inc., a distributor of alcoholic beverages. Marani Brands has also established additional distributors in certain states, and it intends to enter into arrangements with other distributors to maximize distribution of its products in the United States. The company also identified appropriate distributors of Marani Vodka in India, and it began shipping in June 2009. Marani Brands sells its products principally to wholesalers for resale to retail outlets including grocery stores, package liquor stores, chain and boutique hotels, bars and restaurants. In the future, in addition to selling its products to wholesalers, the company may sell its products directly to major retailers and chains.
History:  INCORPORATED in Nevada July 31, 2001, as Elli Tsab, Inc.; name changed to Patient Data Corp. Apr. 15, 2004, to Fit For Business International, Inc. Jan. 13, 2005, and to Marani Brands, Inc. Mar. 24, 2008. On Apr. 7, 2008, the company acquired Margrit Enterprises International, Inc. through the merger of a wholly owned subsidiary of the company into Margrit, which changed its name to Marani Spirits, Inc. As part of the merger, the shareholders representing 100% of Margrit's issued and outstanding Common shares exchanged their shares for 100,000,000 Common shares of the company. As additional consideration, the company issued, at closing, 42,594,616 Common shares to Purrell Partners, LLC, or its assigns (the Purrell Group); and a warrant to purchase 10,000,000 Common shares at an exercise price of $0.10 per share to the Purrell Group. Margrit Enterprises International, Inc. was incorporated in California in December 2001.
Great Hawk, Inc.
Marani Spirits, Inc.


 Margrit  EyraudChairman, President & Chief Executive Officer
 Ara  ZartarianExec VP & Chief Operating Officer
 Ani  KevorkianChief Financial Officer

 Margrit  Eyraud
 Ani  Kevorkian
 Ara  Zartarian
 Annual Report

Annual Report
Income Statement
Net sales402168
Cost of Sales17749
Operating Expenses6,5983,660
Oper. income(6,373)(3,541)
Direct Offering Costs--11,779
Interest income3010
Loss on Disposal of Fixed Assets6--
Derivative income(247)104
Interest exp.119161
Net income(6,715)(15,367)
Share earns. basic($0.04)($0.12)
Share earns. diluted($0.04)($0.12)
Balance Sheet
Cash & equiv.1,1162,461
Accts. rec., net13930
Tot. curr assets1,4562,568
Net property--6
Total assets1,4662,608
Notes pay.33080
Line of Credit1,000--
Accts. pay.632261
Accrued Expenses45494
Derivative Liability247--
Tot. curr. liabs.2,663435
Notes pay.125250
Common stock, $0.001 par181170
Paid-in cap.22,82619,428
Stock Subscriptions Payable60--
Retained earns.(24,389)(17,675)
Total liabs.1,4662,608
 * Effective April 7, 2008, Marani Brands, Inc. issued 157.7 million com. shs. for all of the outstanding shs. of Margrit Enterprises International, Inc. (MEI). Transaction was acctd. for as a reverse acquis., with (MEI) being deemed the acquiring company. MEI subsequently changed its name to Marani Spirits, Inc.
 Interim Report

Interim Report   
Data Not Available
 Pro Forma Report

Pro Forma Report   
Data Not Available
 Quarterly Report

Quarterly Report Information   
Quarterly Revenue, US$
  2010   1110,000
  2010   240,000
  2009   120,000
  2009   290,000
  2009   380,000
  2009   4210,000
  2009   Full Year 400,000
  2008   120,000
  2008   220,000
  2008   340,000
  2008   450,000
  2008   Full Year 170,000
  2007   Full Year 170,000
Quarterly Net Income, US$
  2010   1210,000
  2010   25,160,000
  2009   1(770,000)
  2009   2(3,370,000)
  2009   3(670,000)
  2009   4(1,890,000)
  2009   Full Year (6,710,000)
  2008   Full Year (3,440,000)
  2007   Full Year (540,000)
Quarterly EPS, US$
  2010   1Nil
  2010   2.03
  2009   1Nil
  2009   2(.02)
  2009   3Nil
  2009   4(.01)
  2009   Full Year (.04)
  2008   1(.02)
  2008   2(.15)
  2008   3(.01)
  2008   4(.05)
  2008   Full Year (.11)
  2007   Full Year (5.79)
 Stock Data

Capitalization as of 06/30/2009:
 Authorized SharesOutstanding Shares
Common $0.001 par300,000,000181,401,796
LONG TERM DEBT: $124,680.
Common $0.001 par
Stockholders:  10/09/2009, 50.
PRINCIPAL STOCKHOLDERS: June 30, 2009, Margrit Eyraud owned or controlled 21.4% of the Common, J.B. Black Sea Fund 14%, Ani Kevorkian 9.9%, Ara Zartarian 5.9% and RBC Dexia Investor Services Bank S.A. Luxembourg 5.1%.
Transfer Agent:  Standard Transfer & Trust Co., Inc.   Las Vegas , NV
OTC Bulletin Board( Primary): MRIB
OTC Bulletin Board20091.80000.0100
OTC Bulletin Board20086.00000.5100
OTC Bulletin Board200717.50001.2500
DIVIDENDS: Common $0.001 par: No cash. Common reverse split 1-for-250, Mar. 31, 2008.