| Delaware                                                                                     |   | 13-2622429                                                      |
|----------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------|
| (State                or Other Jurisdiction of                Incorporation or Organization) |   | (IRS                Employer Identification                No.) |

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ITEM      1.      FINANCIAL STATEMENTS

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| Interim                    Consolidated Balance Sheets at March 31, 2007(Unaudited) and December 31,                    2006                                                                                                   | 1      |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                |   |
| Interim                  Consolidated Statements of Changes in Stockholders’ Deficiency for the                  Three Months Ended March 31, 2007 (Unaudited) and for the Year Ended                  December 31, 2006 | 2      |
|                                                                                                                                                                                                                                |   |
| Interim                  Consolidated Statements of Operations and Comprehensive Loss for the                  Three Months Ended March 31, 2007 and 2006                  (Unaudited)                                    | 3      |
|                                                                                                                                                                                                                                |   |
| Interim                  Consolidated Statements of Cash Flows for the Three Months Ended                  March 31, 2007 and 2006 (Unaudited)                                                                                 | 4      |
|                                                                                                                                                                                                                                |   |
| Condensed                  Notes to the Consolidated Interim Financial Statements                  (Unaudited)                                                                                                                      | 5-7    |

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|                                                                                                                                                          |   | (Unaudited)                March 31,                2007 |        | December 31,                2006 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|-------------|---------------------------------------|--------|
| ASSETS                                                                                                                                                        |   |                                                          |        |                                  |   |
| Current                Assets                                                                                                                                 |   |                                                          |        |                                  |   |
| Cash                                                                                                                                                          |   | $                                                             | 49,149      |                                  | $      | 2,968 |   |
| Accounts                Receivable                                                                                                                            |   |                                                          | 22,061      |                                  |   | 9,515 |   |
| Other                receivable                                                                                                                               |   |                                                          | 91,576      |                                  |   | 77,942 |   |
| Inventories                                                                                                                                                   |   |                                                          | 45,436      |                                  |   | 39,564 |   |
| Total                Current Assets                                                                                                                           |   |                                                          | 208,222     |                                  |   | 129,989 |   |
|                                                                                                                                                          |   |                                                          |        |                                  |   |   |   |
| Long                Term Assets                                                                                                                               |   |                                                          |        |                                  |   |   |   |
| Taxes                Recoverable                                                                                                                              |   |                                                          | 253,486     |                                  |   | 258,975 |   |
| Long                term deposits                                                                                                                             |   |                                                          | 500         |                                  |   | 500 |   |
|                                                                                                                                                          |   |                                                          | 253,986     |                                  |   | 259,475 |   |
|                                                                                                                                                          |   |                                                          |        |                                  |   |   |   |
| Property,                Plant and Equipment - Net of Accumulated Depreciation                                                                                |   |                                                          | 1,897,894   |                                  |   | 1,862,122 |   |
|                                                                                                                                                          |   |                                                          |        |                                  |   |   |   |
| Total                Assets                                                                                                                                   |   | $                                                             | 2,360,102   |                                  | $      | 2,251,586 |   |
| LIABILITIES                AND STOCKHOLDERS’ DEFICIENCY                                                                                                 |   |                                                          |        |                                  |   |   |   |
| Current                Liabilities                                                                                                                            |   |                                                          |        |                                  |   |   |   |
| Short                term bank loans                                                                                                                          |   | $                                                             | 1,647,796   |                                  | $      | 1,646,564 |   |
| Current                maturities of long-term bank loans                                                                                                     |   |                                                          | 782,153     |                                  |   | 782,153 |   |
| Accounts                Payable                                                                                                                               |   |                                                          | 361,200     |                                  |   | 321,272 |   |
| Tax                institutions                                                                                                                               |   |                                                          | 2,014,842   |                                  |   | 1,915,816 |   |
| Other                payables                                                                                                                                 |   |                                                          | 1,886,900   |                                  |   | 2,020,413 |   |
| Total                Current Liabilities                                                                                                                      |   |                                                          | 6,692,891   |                                  |   | 6,686,218 |   |
| Long                Term Liabilities                                                                                                                          |   |                                                          |        |                                  |   |   |   |
| Long                term bank loans                                                                                                                           |   |                                                          | 144,693     |                                  |   | 253,374 |   |
| Allowance                for severance pay                                                                                                                    |   |                                                          | 114,025     |                                  |   | 104,497 |   |
| Convertible                notes                                                                                                                              |   |                                                          | 11,618,394  |                                  |   | 10,823,425 |   |
| Total                Long Term Liabilities                                                                                                                    |   |                                                          | 11,877,112  |                                  |   | 11,181,296 |   |
|                                                                                                                                                          |   |                                                          |        |                                  |   |   |   |
| Total                Liabilities                                                                                                                              |   |                                                          | 18,570,003  |                                  |   | 17,867,514 |   |
|                                                                                                                                                          |   |                                                          |        |                                  |   |   |   |
| Stockholders’                Deficiency                                                                                                                 |   |                                                          |        |                                  |   |   |   |
| As                of March 31, 2007 and December 31, 2006 - Common shares of $ 0.001                par                value; Authorized: 400,000,000 shares; |   |                                                          |             |                                  |   |  |   |
| As                of March 31, 2007 - Issued and outstanding: 108,400,000;                                                                                    |   |                                                          |        |                                  |   |   |   |
| As                of December 31, 2006 - Issued and outstanding 104,250,000                                                                                   |   |                                                          | 108,400     |                                  |   | 104,250 |   |
| Additional                Paid-In Capital                                                                                                                     |   |                                                          | 1,548,356   |                                  |   | 1,199,756 |   |
| Accumulated                Deficit                                                                                                                            |   |                                                          | (17,358,644 | )                                     |   | (16,540,299 | ) |
| Accumulated                Other Comprehensive Loss                                                                                                           |   |                                                          | (508,013    | )                                     |   | (379,635 | ) |
| Total                Stockholders’ Deficiency                                                                                                           |   |                                                          | (16,209,901 | )                                     |   | (15,615,928 | ) |
|                                                                                                                                                          |   |                                                          |        |                                  |   |   |   |
| Total                Liabilities and Stockholders’ Deficit                                                                                              |   | $                                                             | 2,360,102   |                                  | $      | 2,251,586 |   |

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|                                                   |   | Number                of Shares |        | Common                Stock |   | Additional                Paid-In Capital |   | Accumulated                Deficit |      | Accumulated                Other Comprehensive Income (Loss) |   | Total                Stockholders’ Deficiency |   |
|--------------------------------------------------------|--------|---------------------------------|-------------|-----------------------------|--------|-------------------------------------------|--------|------------------------------------|-----------|--------------------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                                   |   |                            |        |                        |   |                                      |   |                               |      |                                                         |   |                                                |   |
| Balance                December 31, 2005               |   |                            | 100,000,000 |                        |   | 100,000                                   |   |                               | 371,381   |                                                         |   | (12,962,775                                         | )      |   | (177,983 | ) |   | (12,669,377 | ) |
| Issuance                of shares to service provider  |   |                            | 250,000     |                        |   | 250                                       |   |                               | 32,375    |                                                         |   | -                                                   |   |   | - |   |   | 32,625 |   |
| Issuance                of shares to parent company    |   |                            | 4,000,000   |                        |   | 4,000                                     |   |                               | 796,000   |                                                         |   |                                                |   |   |   |   |   | 800,000 |   |
| Net                loss for the period                 |   |                            | -           |                        |   | -                                         |   |                               | -         |                                                         |   | (3,577,524                                          | )      |   | - |   |   | (3,577,524 | ) |
| Other                Comprehensive Loss for the Period |   |                            | -           |                        |   | -                                         |   |                               | -         |                                                         |   | -                                                   |   |   | (201,652 | ) |   | (201,652 | ) |
| Balance                December 31, 2006               |   |                            | 104,250,000 |                        | $      | 104,250                                   |   | $                                  | 1,199,756 |                                                         | $      | (16,540,299                                         | )      | $ | (379,635 | ) | $ | (15,615,928 | ) |
| Issuance                of shares to related parties   |   |                            | 4,150,000   |                        |   | 4,150                                     |   |                               | 348,600   |                                                         |   | -                                                   |   |   | - |   |   | 352,750 |   |
| Net                loss for the period                 |   |                            | -           |                        |   | -                                         |   |                               | -         |                                                         |   | (818,345                                            | )      |   | - |   |   | (818,345 | ) |
| Other                Comprehensive Loss for the Period |   |                            | -           |                        |   | -                                         |   |                               | -         |                                                         |   | -                                                   |   |   | (128,378 | ) |   | (128,378 | ) |
|                                                   |   |                            |        |                        |   |                                      |   |                               |      |                                                         |   |                                                |   |   |   |   |   |   |   |
| Balance                March 31, 2007 (Unaudited)      |   |                            | 108,400,000 |                        | $      | 108,400                                   |   | $                                  | 1,548,356 |                                                         | $      | (17,358,644                                         | )      | $ | (508,013 | ) | $ | (16,209,901 | ) |

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|                                                                   |   | Three                Months Ended March 31, |        |
|------------------------------------------------------------------------|--------|---------------------------------------------|-------------|
|                                                                        |   | 2007                                        |        | 2006 |   |
|                                                                   |   |                                        |        |   |   |
| Revenues                from Coffee Production                         |   | $                                           | 55,788      |   | $ | 182,859 |   |
| Operating                Expenses                                      |   |                                        |        |   |   |   |   |
| Cost                of revenues                                        |   |                                        | 117,344     |   |   | 253,824 |   |
| General                and administrative expenses                     |   |                                        | 367,781     |   |   | 467,875 |   |
| Total                Operating Expenses                                |   |                                        | 485,125     |   |   | 721,699 |   |
|                                                                   |   |                                        |        |   |   |   |   |
| Loss                From operations                                    |   |                                        | (429,337    | ) |   | (538,840 | ) |
| Financial                Expenses, net                                 |   |                                        | (380,913    | ) |   | (202,341 | ) |
| Other              Expenses                                            |   |                                        | (8,095      | ) |   | — |   |
|                                                                   |   |                                        |        |   |   |   |   |
| Net                Loss for the period                                 |   |                                        | (818,345    | ) |   | (741,181 | ) |
|                                                                   |   |                                        |        |   |   |   |   |
| Other                Comprehensive Loss                                |   |                                        |        |   |   |   |   |
| Foreign                Currency Translation                            |   |                                        | (128,378    | ) |   | (144,942 | ) |
| Comprehensive                Loss for the Period                       |   | $                                           | (946,723    | ) | $ | (886,123 | ) |
|                                                                   |   |                                        |        |   |   |   |   |
| Net                Loss Per Share - Basic and Diluted                  |   | $                                           | (0.01       | ) | $ | (0.01 | ) |
|                                                                   |   |                                        |        |   |   |   |   |
| Weighted                Average Shares Outstanding - Basic and Diluted |   |                                        | 107,708,333 |   |   | 100,083,333 |   |

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|                                                                                                                         |   | Three                Months Ended March 31, |     |
|------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|----------|
|                                                                                                                              |   | 2007                                        |     | 2006 |   |
| Cash                Flows from Operating Activities                                                                          |   |                                        |     |   |   |
| Net                Loss For the Period                                                                                       |   | $                                           | (818,345 | ) | $ | (741,181 | ) |
| Adjustments                To Reconcile Net Income For The Period To Net Cash Flows From Operating                Activities |   |                                        |     |   |   |   |   |
| Depreciation                                                                                                                 |   |                                        | 36,928   |   |   | 36,401 |   |
| Deferred                Income Taxes                                                                                         |   |                                        | 44,361   |   |   | 5,011 |   |
| Provision                for Contingencies                                                                                   |   |                                        | -        |   |   | 43,215 |   |
| Increase                in allowance for bad debts                                                                           |   |                                        | 41,216   |   |   | - |   |
| Interest                due to convertible notes                                                                             |   |                                        | 354,225  |   |   | 206,954 |   |
| Changes                in Operating Assets and Liabilities                                                                   |   |                                        |     |   |   |   |   |
| Accounts                Receivable                                                                                           |   |                                        | (53,390  | ) |   | (6,457 | ) |
| Inventories                                                                                                                  |   |                                        | (4,325   | ) |   | 28,952 |   |
| Other                receivable                                                                                              |   |                                        | (10,791  | ) |   | (18,765 | ) |
| Taxes                Recoverable                                                                                             |   |                                        | 15,617   |   |   | (12,707 | ) |
| Accounts                Payable                                                                                              |   |                                        | 35,612   |   |   | 112,626 |   |
| Other                Payable                                                                                                 |   |                                        | 162,639  |   |   | 170,453 |   |
| Net                Cash Flows from Operating Activities                                                                      |   |                                        | (190,782 | ) |   | (175,498 | ) |
|                                                                                                                         |   |                                        |     |   |   |   |   |
| Net                Cash Flows from Investing Activities                                                                      |   |                                        | —  |   |   | — |   |
|                                                                                                                         |   |                                        |     |   |   |   |   |
| Cash                Flows from Financing Activities                                                                          |   |                                        |     |   |   |   |   |
| Repayment                of Debt                                                                                             |   |                                        | (33,544  | ) |   | (199,683 | ) |
| Loan                from Related Party                                                                                       |   |                                        | (199,602 | ) |   | 147,872 |   |
| Proceeds                from issuance of convertible note                                                                    |   |                                        | 470,000  |   |   | 150,000 |   |
| Net                Cash Flows from Financing Activities                                                                      |   |                                        | 236,854  |   |   | 98,189 |   |
|                                                                                                                         |   |                                        |     |   |   |   |   |
| Increase                (decrease) in cash and cash equivalents                                                              |   |                                        | 46,072   |   |   | (77,309 | ) |
| Effect                of Exchange Rate Changes of Cash                                                                       |   |                                        | 109      |   |   | 702 |   |
| Net                Change in Cash                                                                                            |   |                                        | 46,181   |   |   | (76,607 | ) |
| Cash                - Beginning of Period                                                                                    |   |                                        | 2,968    |   |   | 84,217 |   |
| Cash                - End of Period                                                                                          |   | $                                           | 49,149   |   | $ | 7,610 |   |

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|   | a. | On                January 4, 2007, the Board of Directors authorized the issuance of                3,150,000 shares of the Company’s Common Stock to two of the Company’s                officers in consideration for their services. The shares were issued                on                January 18, 2007. Based on the closing price of the Company’s Common Stock                as recorded on the OTC Bulletin Board at the Issuance Date the value                recorded in for the services was estimated to be                $267,750. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | On                January 10, 2007, the Company issued a convertible promissory note                in the                principal amount of $150,000 to a third party (the “January Note”). The                note bears annual interest of 10% and matures after two years. At                any time                after the first six months, the holder has the right to convert the                principal and interest due into fully paid and non-assessable shares                of                the Company’s Common Stock, par value $.001 per share (the “Common                Stock”). The number of shares of Common Stock to be issued upon such                conversion shall be equal to the quotient obtained by dividing the                entire                principal amount plus accrued interest (if any) by                0.25. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | On                August 20, 2006, the Board of Directors authorized the issuance of                1,000,000 shares of the Company’s Common Stock to two of the Company’s                shareholders in consideration for their personal guarantees to two                banks                in Brazil in connection with loans received from those banks by BDFC.                The                shares were issued on January 18, 2007. Based on the closing price                of the                Company’s Common Stock as recorded on the OTC Bulletin Board at the                Issuance Date, the value of the guarantees was estimated to be                $85,000. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | On                January 31, 2007, the Company issued a convertible promissory note                in the                principal amount of $100,000 to a third party. The note bears annual                interest of 11% and matures after one year. At any time after the                first                six months, the holder has the right to convert the principal and                interest                due into fully paid and non-assessable shares of the Company’s Common                Stock, par value $.001 per share (the “Common Stock”). The number of                shares of Common Stock to be issued upon such conversion shall be                equal to                the quotient obtained by dividing the entire principal amount plus                accrued                interest (if any) by 0.35. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | e. | On                February 21, 2007, the Company issued a promissory note in the principal                amount of $100,000 to a third party. The note bears annual interest                of                10.5% and matures on January 30, 2008. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f. | On                March 13, 2007, the Company issued a promissory note in the principal                amount of $120,000 to a third party. The note bears annual interest                of 9%                and matures after one year. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | h. | On                March 19, 2007, the Company issued a promissory note in the principal                amount of $100,000 to a third party. The note bears annual interest                of 10                % and matures after two years. At any time after the first six months,                the                holder has the right to convert the principal and interest due into                fully                paid and non-assessable shares of the Company’s Common Stock, par value                $.001 per share (the “Common Stock”). The number of shares of Common Stock                to be issued upon such conversion shall be equal to the quotient                obtained                by dividing the entire principal amount plus accrued interest (if                any) by                0.25. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ITEM                2. | MANAGEMENT’S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                OPERATIONS |
|------------------------|---------------------------------------------------------------------------------------------------------------------------|

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| a) | Evaluation                of Disclosure Controls and Procedures. As at March 31, 2007, the                Company’s management carried out an evaluation, under the supervision of                the Company’s Chief Executive Officer and the Chief Financial Officer, of                the effectiveness of the design and operation of the Company’s system of                disclosure controls and procedures pursuant to the Securities and                Exchange                Act, Rule 13a-15(d) and 15d-15(d) under the Exchange Act. Based upon                that                evaluation, the Chief Executive Officer and Chief Financial Officer                concluded that the Company’s disclosure controls and procedures were                effective, as of the date of their evaluation, for the purposes of                recording, processing, summarizing and timely reporting material                information required to be disclosed in reports filed by the Company                under                the Securities Exchange Act of                1934. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | Changes                in internal controls. There were no changes in the Company’s internal                controls over financial reporting, that occurred during the period                covered                by this report that have materially affected, or are reasonably likely                to                materially                affect, the Company’s internal control over financial                reporting. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

In      this      quarter, the Company was not a party to any litigation of any kind.

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Not      applicable.

The      Company has not defaulted on any senior securities.

Not      applicable.

ITEM 6.   EXHIBITS      AND REPORTS ON FORM 8-K

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| Number |   | Title                                                                                                                                                                                                                |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                 |
| 31.1   |   | Certification                by Yaron Arbell, Chief Executive Officer, Pursuant to Section 302                of the                Sarbanes-Oxley Act of 2002                                                       |
|   |   |                                                                                                                                                                                                                 |
| 31.2   |   | Certification                by Daniel Ollech , Chief Financial Officer, Pursuant to Section 302                of the                Sarbanes-Oxley Act of 2002                                                     |
|   |   |                                                                                                                                                                                                                 |
| 32.1   |   | Certification                by Yaron Arbell, Chief Executive Officer, Pursuant to 18 U.S.C.                Section 1350, as Adopted Pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002   |
|   |   |                                                                                                                                                                                                                 |
| 32.2   |   | Certification                by Daniel Ollech , Chief Financial Officer, Pursuant to 18 U.S.C.                Section 1350, as Adopted Pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002 |

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Pursuant      to the requirements of Section 13 or 15(d) of the Securities Exchange Act of      1934, as amended, the Registrant has duly caused this Report to be signed on      its      behalf by the undersigned, thereunto duly authorized, in New York, New York,      on      the 14th day of November 2006.

|         |                                                              |                            |
|--------------|-------------------------------------------------------------------|---------------------------------|
|         | B                & D FOOD, CORP.                              |
|    |                                                         |                       |
|              | By:                                                     | /s/                Yaron Arbell |
|         | Yaron                ArbellChief                Executive Officer |

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