Edgar Filing: Stevia Corp

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the quarterly period ended: June 30, 2011

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the transition period from __________ to __________

Commission File Number 333-152365

STEVIA CORP.
(Name of registrant as specified in its charter)

Nevada 98-0537233
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification Number)

7117 US 31 S, Indianapolis, IN 46227
(Address of Principal Executive Offices) (Zip Code)

(888) 250-2566
(Registrant's telephone number)

Securities registered pursuant to Section 12(b) of the Act:

None None
(Title of each class) (Name of each exchange on which registered)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. [X] Yes [ ] No

Indicate by check mark whether the registrant has submitted electronically and
posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). [ ] Yes [ ] No

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company. See
the definitions of "large accelerated filer," "accelerated filer," and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ] Accelerated filer [ ]
Non-accelerated filer [ ] Smaller reporting company [X]
(do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). [ ] Yes [X] No

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

Class Outstanding at July 25, 2011
----- ----------------------------
Common stock, $.001 par value 58,800,000

STEVIA CORP.
FORM 10-Q

June 30, 2011

INDEX

PAGE
----

PART I--FINANCIAL INFORMATION

Item 1. Financial Statements............................................ 4

Condensed Balance Sheets as of June 30, 2011 (Unaudited) and
March 31, 2011 Audited)............................................. 5

Condensed Statements of Operations for the three month periods
ended June 30, 2011 and 2010 and for the period from May 21, 2007
(inception) to June 30, 2011 (Unaudited)............................ 6

Condensed Statements of Cash Flows for the three month periods
ended June 30, 2011 and 2010 and for the period from May 21, 2007
(inception) to June 30, 2011 (Unaudited)............................ 7

Condensed Statements of Stockholders' Equity (Deficit) for the
three month period ended June 30, 2011 and for the period from
May 21, 2007 (inception) to June 30, 2011 (Unaudited)............... 8

Notes to Financial Statements....................................... 9

Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations....................................... 16

Item 3. Quantitative and Qualitative Disclosures About Market Risk...... 18

Item 4. Controls and Procedures......................................... 18

PART II--OTHER INFORMATION

Item 1. Legal Proceedings............................................... 20

Item 1A. Risk Factors.................................................... 20

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds..... 20

Item 3. Defaults Upon Senior Securities................................. 20

Item 4. Reserved........................................................ 20

Item 5. Other Information............................................... 20

Item 6. Exhibits........................................................ 20

Signatures............................................................... 21

FORWARD-LOOKING STATEMENTS

This Report on Form 10-Q contains forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Reference is made in particular to the description of our plans and
objectives for future operations, assumptions underlying such plans and
objectives, and other forward-looking statements included in this report. Such
statements may be identified by the use of forward-looking terminology such as
"may," "will," "expect," "believe," "estimate," "anticipate," "intend,"
"continue," or similar terms, variations of such terms, or the negative of such
terms. Such statements are based on management's current expectations and are
subject to a number of factors and uncertainties, which could cause actual
results to differ materially from those described in the forward-looking
statements. Such statements address future events and conditions concerning,
among others, capital expenditures, earnings, litigation, regulatory matters,
liquidity and capital resources, and accounting matters. Actual results in each
case could differ materially from those anticipated in such statements by reason
of factors such as future economic conditions, changes in consumer demand,
legislative, regulatory and competitive developments in markets in which we
operate, results of litigation, and other circumstances affecting anticipated
revenues and costs, and the risk factors set forth under the heading "Risk
Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31,
2011, filed on July 14, 2011.

As used in this Form 10-Q, "we," "us" and "our" refer to Stevia Corp., which is
also sometimes referred to as the "Company."

YOU SHOULD NOT PLACE UNDUE RELIANCE ON THESE FORWARD LOOKING STATEMENTS

The forward-looking statements made in this report on Form 10-Q relate only to
events or information as of the date on which the statements are made in this
report on Form 10-Q. Except as required by law, we undertake no obligation to
update or revise publicly any forward-looking statements, whether as a result of
new information, future events, or otherwise, after the date on which the
statements are made or to reflect the occurrence of unanticipated events. You
should read this report and the documents that we reference in this report,
including documents referenced by incorporation, completely and with the
understanding that our actual future results may be materially different from
what we expect or hope.

PART I--FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

STEVIA CORP.
(A Development Stage Company)
June 30, 2011
Index to Consolidated Financial Statements

Contents Page(s)
-------- -------

Consolidated Balance Sheet at June 30, 2011 (Unaudited).................. 5

Consolidated Statement of Operations for the Period from April 11, 2011
(Inception) through June 30, 2011 (Unaudited) ........................... 6

Consolidated Statement of Stockholders' Deficit for the Period from
April 11, 2011 (Inception) through June 30, 2011 (Unaudited)............. 7

Consolidated Statement of Cash Flows for the Period from April 11, 2011
(Inception) through June 30, 2011 (Unaudited)............................ 8

Notes to the Consolidated Financial Statements (Unaudited)............... 9

Stevia Corp.
(A Development Stage Company)
Consolidated Balance Sheet

June 30, 2011
-------------
Assets
Cash $ 353,098
---------

Total Current Assets 353,098
---------

Total Assets $ 353,098
=========

Liabilities
Accounts payable and accrued liabilities $ 116,190
Due to related party 18,938
Convertible notes payable 350,000
---------

Total Current Liabilities 485,128
---------

Total Liabilities 485,128
---------
Stockholders' Deficit
Common stock at $0.001 par value: 100,000,000 shares authorized;
58,800,000 shares issued and outstanding 58,800
Additional paid in capital (176,988)
Deficit accumulated during the development stage (13,842)
---------

Total Stockholders' Deficit (132,030)
---------

Total Liabilities and Stockholders' Deficit $ 353,098
=========

See accompanying notes to the consolidated financial statements

Stevia Corp.
(A Development Stage Company)
Consolidated Statement of Operations

Period from
April 11, 2011
(Inception)
through
June 30, 2011
-------------

Revenue $ --
------------
Operating expenses
Professional fees 13,071
General and administrative 100
------------
Total operating expenses 13,171

Other (income) expense:
Interest expense 671
------------
Total other (income) expense 671
------------

Loss before income taxes 13,842

Provision for income taxes --
------------

Net loss $ (13,842)
============

Net loss per common share - basic and diluted $ (0.00)
============

Weighted common shares outstanding - basic and diluted 55,800,000
============

See accompanying notes to the consolidated financial statements

Stevia Corp.
(A Development Stage Company)
Consolidated Statement of Stockholders' Deficit
For the period from April 11, 2011 (Inception) through June 30, 2011

Deficit
Accumulated
Additional During the Total
Common Stock Paid in Development Stockholders'
Shares Amount Capital Stage Deficit
------ ------ ------- ----- -------

Balance, April 11, 2011 (date of inception) 100 $ 100 $ -- $ -- $ 100

Reverse acquisition 58,799,900 58,700 (176,988) -- (118,288)

Net loss (13,842) (13,842)
----------- -------- ---------- --------- ----------

Balance, June 30, 2011 58,800,000 $ 58,800 $ (176,988) $ (13,842) $ (132,030)
=========== ======== ========== ========= ==========

See accompanying notes to the consolidated financial statements

Stevia Corp.
(A Development Stage Company)
Consolidated Statement of Cash Flows

Period from
April 11, 2011
(Inception)
through
June 30, 2011
-------------
Cash Flows from Operating Activities:
Netloss $ (13,842)
Adjustments to reconcile net loss to net cash
used in operating activities:
Changes in operating assets and liabilities
Accounts payable and accrued liabilities 13,742
---------
Net Cash Used in Operating Activities (100)
---------

Cash Flows from Investing Activities:
Cash received from reverse acquisition 3,198
---------
Net Cash Provided By Investing Activities 3,198
---------

Cash Flows from Financing Activities:
Proceeds from convertible note payable 350,000
---------
Net Cash Provided By Financing Activities 350,000
---------

NET CHANGE IN CASH 353,098

CASH AT BEGINNING OF PERIOD --
---------

CASH AT END OF PERIOD $ 353,098
=========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid $ --
=========
Income taxes paid $ --
=========

See accompanying notes to the consolidated financial statements

Stevia Corp.
(A Development Stage Company)
June 30, 2011
Notes to the Consolidated Financial Statements
(Unaudited)

NOTE 1 - ORGANIZATION AND OPERATIONS

Stevia Corp. (formerly Interpro Management Corp) (the "Company"), incorporated
in the State of Nevada on May 21, 2007, is a company with business activities
focused on developing and offering web based software that will be designed to
be an online project management tool used to enhance an organization's
efficiency through planning and monitoring the daily operations of a business.

On June 23, 2011 (the "Closing Date"), the Company closed a voluntary share
exchange transaction with Stevia Ventures International Ltd. ("Ventures"), a
business company incorporated in the British Virgin Islands ("BVI") pursuant to
a Share Exchange Agreement (the "Exchange Agreement") by and among the Company,
BVI and George Blankenbaker, the stockholder of BVI (the "BVI Stockholder"). BVI
owns certain rights relating to stevia production, including certain assignable
exclusive purchase contracts and an assignable supply agreement related to
stevia. The Company issued 12,000,000 common shares for 100% of the issued and
outstanding shares of Stevia Ventures International Ltd.

For accounting purposes, the Share Exchange Transaction has been accounted for
as an acquisition of BVI by the Registrant under the reverse acquisition method
for business combinations, with BVI being the accounting acquirer, as set forth
in paragraph 805-40-45-1 of the FASB Accounting Standards Codification. The
results of operations of Stevia Corp. have been included in the consolidated
financial statements since the date of the reverse acquisition. The historical
financial statements of Ventures are presented as the historical financial
statements of the Company.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION - INTERIM FINANCIAL INFORMATION

The accompanying unaudited interim financial statements and related notes have
been prepared in accordance with accounting principles generally accepted in the
United States of America ("U.S. GAAP") for interim financial information, and
with the rules and regulations of the United States Securities and Exchange
Commission ("SEC") to Form 10-Q and Article 8 of Regulation S-X. Accordingly,
they do not include all of the information and footnotes required by U.S. GAAP
for complete financial statements. The unaudited interim financial statements
furnished reflect all adjustments (consisting of normal recurring accruals)
which are, in the opinion of management, necessary to a fair statement of the
results for the interim periods presented. Interim results are not necessarily
indicative of the results for the full year. These financial statements should
be read in conjunction with the financial statements of the Company for the
period from April 11, 2011 (inception) through April 30, 2011 and notes thereto
contained in the Company's Report on Form 8-K as filed with the SEC on June 29,
2011.

DEVELOPMENT STAGE COMPANY
The Company is a development stage company as defined by section 810-10-20 of
the FASB Accounting Standards Codification. The Company is still devoting
substantially all of its efforts on establishing the business and its planned
principal operations have not commenced. All losses accumulated since inception
have been considered as part of the Company's exploration stage activities.

USE OF ESTIMATES
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Management bases its estimates on historical experience and on various
assumptions that are believed to be reasonable under the circumstances, the
results of which form the basis for making judgments about the carrying values
of assets and liabilities that are not readily apparent from other sources.

The Company's significant estimates include income taxes provision and valuation
allowance of deferred tax assets, the fair value of financial instruments; and
the assumption that the Company will continue as a going concern. Those
significant accounting estimates or assumptions bear the risk of change due to
the fact that there are uncertainties attached to those estimates or
assumptions, and certain estimates or assumptions are difficult to measure or
value.

Management regularly reviews its estimates utilizing currently available
information, changes in facts and circumstances, historical experience and
reasonable assumptions. After such reviews, and if deemed appropriate, those
estimates are adjusted accordingly. Actual results could differ from those
estimates. Actual results could differ from those estimates.

FAIR VALUE OF FINANCIAL INSTRUMENTS MEASURED ON A RECURRING BASIS
The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards
Codification for disclosures about fair value of its financial instruments and
paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph
820-10-35-37") to measure the fair value of its financial instruments. Paragraph
820-10-35-37 establishes a framework for measuring fair value in accounting
principles generally accepted in the United States of America (U.S. GAAP), and
expands disclosures about fair value measurements. To increase consistency and
comparability in fair value measurements and related disclosures, Paragraph
820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to
valuation techniques used to measure fair value into three (3) broad levels. The
fair value hierarchy gives the highest priority to quoted prices (unadjusted) in
active markets for identical assets or liabilities and the lowest priority to
unobservable inputs. The three (3) levels of fair value hierarchy defined by
Paragraph 820-10-35-37 are described below:

Level 1 Quoted market prices available in active markets for identical assets or
liabilities as of the reporting date.

Level 2 Pricing inputs other than quoted prices in active markets included in
Level 1, which are either directly or indirectly observable as of
the reporting date.

Level 3 Pricing inputs that are generally observable inputs and not corroborated
by market data.

Financial assets are considered Level 3 when their fair values are determined
using pricing models, discounted cash flow methodologies or similar techniques
and at least one significant model assumption or input is unobservable.

The fair value hierarchy gives the highest priority to quoted prices
(unadjusted) in active markets for identical assets or liabilities and the
lowest priority to unobservable inputs. If the inputs used to measure the
financial assets and liabilities fall within more than one level described
above, the categorization is based on the lowest level input that is significant
to the fair value measurement of the instrument.

The carrying amounts of the Company's financial assets and liabilities, such as
cash, prepaid expenses, accounts payable and accrued liabilities, approximate
their fair values because of the short maturity of these instruments. The
Company's convertible notes payable approximates the fair value of such
instrument based upon management's best estimate of interest rates that would be
available to the Company for similar financial arrangements at June 30, 2011.

Transactions involving related parties cannot be presumed to be carried out on
an arm's-length basis, as the requisite conditions of competitive, free-market
dealings may not exist. Representations about transactions with related parties,
if made, shall not imply that the related party transactions were consummated on
terms equivalent to those that prevail in arm's-length transactions unless such
representations can be substantiated.

It is not however, practical to determine the fair value of advances from
stockholders due to their related party nature.

RELATED PARTIES
The Company follows subtopic 850-10 of the FASB Accounting Standards
Codification for the identification of related parties and disclosure of related
party transactions.

Pursuant to Section 850-10-20 the Related parties include a. affiliates of the
Company; b. Entities for which investments in their equity securities would be
required, absent the election of the fair value option under the Fair Value
Option Subsection of Section 825-10-15, to be accounted for by the equity method
by the investing entity; c. trusts for the benefit of employees, such as pension
and profit-sharing trusts that are managed by or under the trusteeship of
management; d.principal owners of the Company; e. management of the Company; f.
other parties with which the Company may deal if one party controls or can
significantly influence the management or operating policies of the other to an
extent that one of the transacting parties might be prevented from fully
pursuing its own separate interests; and g. Other parties that can significantly
influence the management or operating policies of the transacting parties or
that have an ownership interest in one of the transacting parties and can
significantly influence the other to an extent that one or more of the
transacting parties might be prevented from fully pursuing its own separate
interests.

The financial statements shall include disclosures of material related party
transactions, other than compensation arrangements, expense allowances, and
other similar items in the ordinary course of business. However, disclosure of
transactions that are eliminated in the preparation of consolidated or combined
financial statements is not required in those statements. The disclosures shall
include: a. the nature of the relationship(s) involvedb. description of the
transactions, including transactions to which no amounts or nominal amounts were
ascribed, for each of the periods for which income statements are presented, and
such other information deemed necessary to an understanding of the effects of
the transactions on the financial statements; c. the dollar amounts of
transactions for each of the periods for which income statements are presented
and the effects of any change in the method of establishing the terms from that
used in the preceding period; and d. mounts due from or to related parties as of
the date of each balance sheet presented and, if not otherwise apparent, the
terms and manner of settlement.

COMMITMENTS AND CONTINGENCIES
The Company follows subtopic 450-20 of the FASB Accounting Standards
Codification to report accounting for contingencies. Certain conditions may
exist as of the date the consolidated financial statements are issued, which may
result in a loss to the Company but which will only be resolved when one or more
future events occur or fail to occur. The Company assesses such contingent
liabilities, and such assessment inherently involves an exercise of judgment. In
assessing loss contingencies related to legal proceedings that are pending
against the Company or unasserted claims that may result in such proceedings,
the Company evaluates the perceived merits of any legal proceedings or
unasserted claims as well as the perceived merits of the amount of relief sought
or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material
loss has been incurred and the amount of the liability can be estimated, then
the estimated liability would be accrued in the Company's consolidated financial
statements. If the assessment indicates that a potential material loss
contingency is not probable but is reasonably possible, or is probable but
cannot be estimated, then the nature of the contingent liability, and an
estimate of the range of possible losses, if determinable and material, would be
disclosed.

Loss contingencies considered remote are generally not disclosed unless they
involve guarantees, in which case the guarantees would be disclosed. Management
does not believe, based upon information available at this time, that these
matters will have a material adverse effect on the Company's consolidated
financial position, results of operations or cash flows. However, there is no
assurance that such matters will not materially and adversely affect the
Company's business, financial position, and results of operations or cash flows.

FISCAL YEAR END
The Company elected March 31 as its fiscal year ending date.

CASH EQUIVALENTS
The Company considers all highly liquid investments with maturities of three
months or less at the time of purchase to be cash equivalents.

REVENUE RECOGNITION
The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards
Codification for revenue recognition. The Company will recognize revenue when it
is realized or realizable and earned. The Company considers revenue realized or
realizable and earned when it has persuasive evidence of an arrangement that the
services have been rendered to the customer, the sales price is fixed or
determinable, and collectability is reasonably assured.

INCOME TAXES
The Company accounts for income taxes under Section 740-10-30 of the FASB
Accounting Standards Codification. Deferred income tax assets and liabilities
are determined based upon differences between the financial reporting and tax
bases of assets and liabilities and are measured using the enacted tax rates and
laws that will be in effect when the differences are expected to reverse.
Deferred tax assets are reduced by a valuation allowance to the extent
management concludes it is more likely than not that the assets will not be
realized. Deferred tax assets and liabilities are measured using enacted tax
rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in the statements
of operations in the period that includes the enactment date.

The Company adopted section 740-10-25 of the FASB Accounting Standards
Codification ("Section 740-10-25"). Section 740-10-25 addresses the
determination of whether tax benefits claimed or expected to be claimed on a tax
return should be recorded in the financial statements. Under Section 740-10-25,
the Company may recognize the tax benefit from an uncertain tax position only if
it is more likely than not that the tax position will be sustained on
examination by the taxing authorities, based on the technical merits of the
position. The tax benefits recognized in the financial statements from such a
position should be measured based on the largest benefit that has a greater than
fifty percent (50%) likelihood of being realized upon ultimate settlement.
Section 740-10-25 also provides guidance on de-recognition, classification,
interest and penalties on income taxes, accounting in interim periods and
requires increased disclosures. The Company had no material adjustments to its
liabilities for unrecognized income tax benefits according to the provisions of
Section 740-10-25.

The estimated future tax effects of temporary differences between the tax basis
of assets and liabilities are reported in the accompanying consolidated balance
sheets, as well as tax credit carry-backs and carry-forwards. The Company
periodically reviews the recoverability of deferred tax assets recorded on its
consolidated balance sheets and provides valuation allowances as management
deems necessary.

Management makes judgments as to the interpretation of the tax laws that might
be challenged upon an audit and cause changes to previous estimates of tax
liability. In addition, the Company operates within multiple taxing
jurisdictions and is subject to audit in these jurisdictions. In management's
opinion, adequate provisions for income taxes have been made for all years. If
actual taxable income by tax jurisdiction varies from estimates, additional
allowances or reversals of reserves may be necessary.

NET LOSS PER COMMON SHARE
Net loss per common share is computed pursuant to section 260-10-45 of the FASB
Accounting Standards Codification. Basic net loss per common share is computed
by dividing net loss by the weighted average number of shares of common stock
outstanding during the period. Diluted net loss per common share is computed by
dividing net loss by the weighted average number of shares of common stock and
potentially outstanding shares of common stock during each period.

There were no potentially dilutive shares outstanding as of June 30, 2011.

CASH FLOWS REPORTING
The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards
Codification for cash flows reporting, classifies cash receipts and payments
according to whether they stem from operating, investing, or financing
activities and provides definitions of each category, and uses the indirect or
reconciliation method ("Indirect method") as defined by paragraph 230-10-45-25
of the FASB Accounting Standards Codification to report net cash flow from
operating activities by adjusting net income to reconcile it to net cash flow
from operating activities by removing the effects of (a) all deferrals of past

operating cash receipts and payments and all accruals of expected future
operating cash receipts and payments and (b) all items that are included in net
income that do not affect operating cash receipts and payments.

SUBSEQUENT EVENTS
The Company follows the guidance in Section 855-10-50 of the FASB Accounting
Standards Codification for the disclosure of subsequent events. The Company
evaluates subsequent events from the date of the balance sheet through the date
when the financial statements are issued. Pursuant to ASU 2010-09 of the FASB
Accounting Standards Codification, the Company as an SEC filer considers its
financial statements issued when they are widely distributed to users, such as
through filing them with the SEC on the EDGAR system.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
In January 2010, the FASB issued the FASB Accounting Standards Update No.
2010-06 "FAIR VALUE MEASUREMENTS AND DISCLOSURES (TOPIC 820) IMPROVING
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS", which provides amendments to
Subtopic 820-10 that require new disclosures as follows:

1. Transfers in and out of Levels 1 and 2. A reporting entity should
disclose separately the amounts of significant transfers in and out of
Level 1 and Level
2 fair value measurements and describe the reasons for the transfers. 2.
Activity in Level 3 fair value measurements. In the reconciliation for
fair value measurements using significant unobservable inputs (Level
3), a reporting entity should present separately information about
purchases, sales, issuances, and settlements (that is, on a gross
basis rather than as one net number).

This Update provides amendments to Subtopic 820-10 that clarify existing
disclosures as follows:

1. Level of disaggregation. A reporting entity should provide fair value
measurement disclosures for each class of assets and liabilities. A
class is often a subset of assets or liabilities within a line item in
the statement of financial position. A reporting entity needs to use
judgment in determining the appropriate classes of assets and
liabilities.
2. Disclosures about inputs and valuation techniques. A reporting entity
should provide disclosures about the valuation techniques and inputs
used to measure fair value for both recurring and nonrecurring fair
value measurements. Those disclosures are required for fair value
measurements that fall in either Level 2 or Level

This Update also includes conforming amendments to the guidance on employers'
disclosures about postretirement benefit plan assets (Subtopic 715-20). The
conforming amendments to Subtopic 715-20 change the terminology from MAJOR
CATEGORIES of assets to CLASSES of assets and provide a cross reference to the
guidance in Subtopic 820-10 on how to determine appropriate classes to present
fair value disclosures. The new disclosures and clarifications of existing
disclosures are effective for interim and annual reporting periods beginning
after December 15, 2009, except for the disclosures about purchases, sales,
issuances, and settlements in the roll forward of activity in Level 3 fair value
measurements. Those disclosures are effective for fiscal years beginning after
December 15, 2010, and for interim periods within those fiscal years.

In December 2010, the FASB issued the FASB Accounting Standards Update No.
2010-28, INTANGIBLES--GOODWILL AND OTHER (TOPIC 350): WHEN TO PERFORM STEP 2 OF
THE GOODWILL IMPAIRMENT TEST FOR REPORTING UNITS WITH ZERO OR NEGATIVE CARRYING
AMOUNTS ("ASU 2010-28"). Under ASU 2010-28, if the carrying amount of a
reporting unit is zero or negative, an entity must assess whether it is more
likely than not that goodwill impairment exists. To make that determination, an
entity should consider whether there are adverse qualitative factors that could
impact the amount of goodwill, including those listed in ASC 350-20-35-30. As a
result of the new guidance, an entity can no longer assert that a reporting unit
is not required to perform the second step of the goodwill impairment test
because the carrying amount of the reporting unit is zero or negative, despite
the existence of qualitative factors that indicate goodwill is more likely than
not impaired. ASU 2010-28 is effective for public entities for fiscal years, and
for interim periods within those years, beginning after December 15, 2010, with
early adoption prohibited.

In December 2010, the FASB issued the FASB Accounting Standards Update No.
2010-29, BUSINESS COMBINATIONS (TOPIC 805): DISCLOSURE OF SUPPLEMENTARY PRO
FORMA INFORMATION FOR BUSINESS COMBINATIONS ("ASU 2010-29"). ASU 2010-29
specifies that if a public entity presents comparative financial statements, the
entity should disclose revenue and earnings of the combined entity as though the
business combination(s) that occurred during the current year had occurred as of
the beginning of the comparable prior annual reporting period only. The
amendments in this Update also expand the supplemental pro forma disclosures
under Topic 805 to include a description of the nature and amount of material,
nonrecurring pro forma adjustments directly attributable to the business
combination included in the reported pro forma revenue and earnings. The amended
guidance is effective prospectively for business combinations for which the
acquisition date is on or after the beginning of the first annual reporting
period beginning on or after December 15, 2010. Early adoption is permitted.

Management does not believe that any other recently issued, but not yet
effective accounting pronouncements, if adopted, would have a material effect on
the accompanying consolidated financial statements.

NOTE 3 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As reflected in the accompanying
financial statements, the Company had a deficit accumulated during the
development stage of $13,842 at June 30, 2011 and a net loss of $13,842 for the
interim period then ended, respectively, with no revenues earned since
inception.

While the Company is attempting to generate sufficient revenues, the Company's
cash position may not be enough to support the Company's daily operations.
Management intends to raise additional funds by way of a public or private
offering. Management believes that the actions presently being taken to further
implement its business plan and generate sufficient revenues provide the
opportunity for the Company to continue as a going concern. While the Company
believes in the viability of its strategy to generate sufficient revenues and in
its ability to raise additional funds, there can be no assurances to that
effect. The ability of the Company to continue as a going concern is dependent
upon the Company's ability to further implement its business plan and generate
sufficient revenues.

The financial statements do not include any adjustments that might be necessary
if the Company is unable to continue as a going concern.

NOTE 4 - DUE TO RELATED PARTY

The amount owing to stockholder is unsecured, non-interest bearing and due on
demand.

NOTE 5 - CONVERTIBLES NOTE PAYABLE

On February 14, 2011, the Company issued a convertible note for $250,000. The
note bears interest at 10% per annum and is due on February 14, 2012.

The note may be converted into common stock of the Company should the Company
complete a private placement with gross proceeds of at least $100,000. The
conversion price shall be the same as the private placement price on a per share
basis.

On June 23, 2011, the Company issued a convertible note for $100,000. The note
bears interest at 10% per annum and is due on June 23, 2012.

NOTE 6 - SUBSEQUENT EVENTS

Management has evaluated all events that occurred after the balance sheet date
through the date when these financial statements were issued to determine if
they must be reported. The Management of the Company has determined that there
were no reportable subsequent events to be disclosed.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS.

The following discussion should be read in conjunction with our consolidated
financial statements and notes thereto included elsewhere in this Quarterly
Report on Form 10-Q. Forward looking statements are statements not based on
historical information and which relate to future operations, strategies,
financial results or other developments. Forward-looking statements are based
upon estimates, forecasts, and assumptions that are inherently subject to
significant business, economic and competitive uncertainties and contingencies,
many of which are beyond our control and many of which, with respect to future
business decisions, are subject to change. These uncertainties and contingencies
can affect actual results and could cause actual results to differ materially
from those expressed in any forward-looking statements made by us, or on our
behalf. We disclaim any obligation to update forward-looking statements.

BACKGROUND AND PLAN OF OPERATIONS

We are a development stage company that has recently acquired certain rights
relating to stevia production, including certain assignable exclusive purchase
contracts and an assignable supply agreement related to stevia.

We plan to generate revenue through two primary sources: (i) the sale of stevia
grown on our own farmed property and (ii) our farm management services, which
will provide plant breeding, agricultural protocols, post-harvest techniques and
other services to stevia growers.

Our initial farming efforts and farm management service are focused in Vietnam
and Indonesia. We plan to partner with leading refiners to create a reliable
purchasing source for both the stevia we grow as well as that produced by our
contract grower partners using our methods and technologies. In Vietnam we have
established several nurseries and test fields in several provinces through our
grower partners. We are also in final discussions with two major institutes to
enter into formal cooperative agreements for stevia research and development.

Our initial focus and capital expenditures will be directed toward intellectual
property development which will attempt to identify optimal cultivar varieties
for intended growing sites, develop and test propagation protocols, develop
cultivation technology including an intercropping system and regional
adaptability test, and develop post-harvest and refinery processes. Once such
protocols and technologies are established, we plan to expand our commercial
farming of stevia using such intellectual property, with the goal of 5,000 Ha of
production by the end of our sixth fiscal year, while also marketing such
farming methods and technologies to other stevia farmers.

RESULTS OF OPERATIONS

We have had limited operations to-date, which have primarily consisted of
securing purchase and supply contracts and office space and developing
relationships with potential partners.

Our auditors have issued a going concern opinion. This means that there is
substantial doubt that we can continue as an on-going business for the next
twelve months unless we obtain additional capital.

FINANCIAL CONDITION AS OF JUNE 30, 2011

We reported total current assets of $353,098 at June 30, 2011 consisting of
cash. Total current liabilities reported of $485,128 consisted of accounts
payable and accrued liabilities of $116,190, due to related party of $18,938 and
convertible note payable of $350,000. We had a working capital deficit of
$132,030 at June 30, 2011.

Stockholders' Deficiency was $132,030 at June 30, 2011.

CASH AND CASH EQUIVALENTS

As of June 30, 2011, we had cash of $353,098. We anticipate that a substantial
amount of cash will be used as working capital and to execute our strategy and
business plan. As such, we further anticipate that we will have to raise
additional capital through debt or equity financings to fund our operations
during the next 6 to 12 months.

RESULTS OF OPERATIONS

The following discussion of the financial condition, results of operations, cash
flows, and changes in our financial position should be read in conjunction with
our audited consolidated financial statements and notes included in our Annual
Report on Form 10-K for the fiscal year ended March 31, 2011.

As a development stage company, we currently have limited operations,
principally directed at potential acquisition targets and revenue-generating
opportunities.

The financial statements mentioned above have been prepared in conformity with
U.S. GAAP and are stated in United States dollars.

PERIOD FROM INCEPTION (APRIL 11, 2011) TO JUNE 30, 2011

During the period from inception (April 11, 2011) to June 30, 2011, we incurred
a comprehensive loss of $13,842. This loss was largely attributed to
professional fees associated with our formation and related transactions of
$13,071.

LIQUIDITY AND CAPITAL RESOURCES

As at June 30, 2011 we have $353,098 in cash and $485,128 in current
liabilities. As at June 30, 2011, our total assets were $353,098 and our total
liabilities were $485,128. Our net working capital deficiency as at June 30,
2011 was, on a pro forma basis, $132,030.

Our current cash requirements are significant due to the planned development and
expansion of our business, including intellectual property development, initial
field trials and planning and readiness development for the commercialization
that we hope to begin in year three. During the three month period ended June
30, 2011, we funded our operations from the proceeds of convertible notes.
Additionally, we raised $100,000 during the three month period ended June 30,
2011 from the issuance of convertible notes. We are currently reliant on short
term financing arrangements to meet our short-term and long-term obligations.
Changes in our operating plans, increased expenses, acquisitions, or other
events, may cause us to seek additional equity or debt financing in the future.

For the three month period ended June 30, 2011, we used net cash of $100 in
operating activities. Net cash from Investing activities totaled $3,198. Net
cash received from financing activities reflected an increase in notes payable
of $350,000.

Our management believes that we will be able to generate sufficient revenue or
raise sufficient amounts of working capital through debt or equity offerings, as
may be required to meet our short-term and long-term obligations. We will
require additional capital to expand our commercial production to reach our
target of 5,000 Ha in Vietnam. In order to execute on our business strategy, we
will require additional working capital, commensurate with our operational
needs. Such working capital will most likely be obtained through equity or debt
financings until such time as our operations are producing revenue in excess of
operating expenses. There are no assurances that we will be able to raise the
required working capital on terms favorable, or that such working capital will
be available on any terms when needed.

OFF-BALANCE SHEET ARRANGEMENTS

We have not entered into any other financial guarantees or other commitments to
guarantee the payment obligations of any third parties. We have not entered into
any derivative contracts that are indexed to our shares and classified as
shareholder's equity or that are not reflected in our consolidated financial
statements. Furthermore, we do not have any retained or contingent interest in
assets transferred to an unconsolidated entity that serves as credit, liquidity
or market risk support to such entity. We do not have any variable interest in
any unconsolidated entity that provides financing, liquidity, market risk or
credit support to us or engages in leasing, hedging or research and development
services with us.

CRITICAL ACCOUNTING ESTIMATES

The preparation of financial statements in conformity with generally accepted
accounting principles of the United States (GAAP) requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the year. The more significant areas requiring the use of estimates
include asset impairment, stock-based compensation, and future income tax
amounts. Management bases its estimates on historical experience and on other
assumptions considered to be reasonable under the circumstances. However, actual
results may differ from the estimates.

The discussion and analysis of our financial condition and results of operations
are based upon our financial statements, which have been prepared in accordance
with GAAP. We believe certain critical accounting policies affect our more
significant judgments and estimates used in the preparation of the financial
statements. A description of our critical accounting policies is set forth in
our Annual Report on Form 10-K for the year ended March 31, 2011. As of, and for
the three months ended June 30, 2011, there have been no material changes or
updates to our critical accounting policies.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

We carried out an evaluation, under the supervision and with the participation
of our management, including our principal executive officer and principal
financial officer, of the effectiveness of the design of our disclosure controls
and procedures (as defined by Exchange Act Rules 13a-15(e) or 15d-15(e)) as of
June 30, 2011 pursuant to Exchange Act Rule 13a-15. Based upon that evaluation,
our Principal Executive Officer and Principal Financial Officer concluded that
our disclosure controls and procedures are not effective as of June 30, 2011 in
ensuring that information required to be disclosed by us in reports that we file
or submit under the Exchange Act is recorded, processed, summarized, and
reported within the time periods specified in the Securities and Exchange
Commission's rules and forms. This conclusion is based on findings that
constituted material weaknesses. A material weakness is a deficiency, or a
combination of control deficiencies, in internal control over financial
reporting such that there is a reasonable possibility that a material
misstatement of the Company's interim financial statements will not be prevented
or detected on a timely basis.

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

In performing the above-referenced assessment, our management identified the
following material weaknesses:

i) We have not achieved the optimal level of segregation of duties
relative to key financial reporting functions.
ii) We did not have an audit committee or an independent audit committee
financial expert. While not being legally obligated to have an audit
committee or independent audit committee financial expert, it is the
management's view that to have an audit committee, comprised of
independent board members, and an independent audit committee
financial expert is an important entity-level control over our
financial statements.

We are currently reviewing our disclosure controls and procedures related to
these material weaknesses and expect to implement changes in the near term,
including identifying specific areas within our governance, accounting and
financial reporting processes to add adequate resources and personnel to
potentially mitigate these material weaknesses.

Our present management will continue to monitor and evaluate the effectiveness
of our internal controls and procedures and our internal controls over financial
reporting on an ongoing basis and are committed to taking further action and
implementing additional enhancements or improvements, as necessary and as funds
allow.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate. All internal control systems,
no matter how well designed, have inherent limitations. Therefore, even those
systems determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

There were no changes in our internal control over financial reporting that
occurred during the three month period ending June 30, 2011 that have materially
affected or are reasonably likely to materially affect our internal control over
financial reporting.

PART II--OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 1A. RISK FACTORS.

None.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. RESERVED.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

Exhibit Number Name
-------------- ----

2.1(1) Share Exchange Agreement dated June 23, 2011

2.2(1) Make Good Escrow Agreement dated June 23, 2011

3.1(2) Articles of Incorporation, including all amendments to date

3.2(3) Amended and Restated Bylaws

10.1(1) Convertible Promissory Note, with Vantage Associates SA, dated
June 23, 2011

31 Rule 13a-14(a)/15d-14(a) Certification (Principal Executive
Officer and Principal Financial Officer)

32 Section 1350 Certifications

101(4) Interactive data files pursuant to Rule 405 of Regulation S-T.

Footnotes to Exhibits Index

(1) Incorporated by reference to the Current Report on Form 8-K filed on June
29, 2011.
(2) Incorporated by reference to the Form S-1 filed on July 16, 2008 and the
Current Report on Form 8-K filed March 9, 2011.
(3) Incorporated by reference to the Current Report on Form 8-K filed on March
22, 2011.
(4) To be filed by Amendment

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.

STEVIA CORP.

Dated: August 15, 2011 /s/ George Blankenbaker
-------------------------------------------------
By: George Blankenbaker
Its: President, Secretary, Treasurer and Director
(Principal Executive Officer, Principal Financial
Officer and Principal Accounting Officer)