MIRA INFORM REPORT

Report Date :

15.04.2011

IDENTIFICATION DETAILS

Correct Name :	P AND R IMPEX LTD.

Registered Office :	43 Valley Woods Rd Unit 100, North York, Ontario M3a 2r5

Country :	Canada

Date of Incorporation :	Not Available

Legal Form :	Limited Company

Line of Business :	Motor Vehicle Supplies Distribution

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate

Payment Behaviour :	Regular

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Canada

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

GEOPOLITICS - CANADA

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: 100.00 USD = 96.2370 CAD

Branch Situation: Difficult

IDENTIFICATION

Ordered as:	P And R Impex
Address in the order:	18, Concorde Place 205, Don Mills Ontario M3C 3T9, CANADA
Comments on data supplied:	Please note that the address provided is incorrect. The correct address is listed below.
Legal Name:	P And R Impex LTD.

Legal Address	43 VALLEY WOODS RD UNIT 100, North York, Ontario M3A 2R5, Canada (not verified)

Telephone:	(416) 447-3342	ID :	NA
Fax:	NA	Legal Form:	Limited Company
Email:	NA	Registered in:	Canada
Website:	NA	Date Created:	NA
Manager:	RAJA SINGH, President	Date Incorporated:	NA
Staff:	2	Stock:	NA
		Value:	NA
Activity:	Motor Vehicle Supplies distribution.

BUSINESS

PRINCIPAL ACTIVITY
	The company distributes Motor Vehicle Supplies.
Sales are:
	Wholesale
Clients:
	Professionals of the industry.
The subject employs 2 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at: 43 VALLEY WOODS RD UNIT 100, North York, Ontario M3A 2R5, Canada (not verified)

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The company is privately held. Mr. Raja Singh appears to be the major shareholder. However, this information was not verified by the company.
Management:
	Raja Singh, Manager

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted the telephone number, and were tranferred to a general voice mail. We left a message which kept un answered.

Legal Fillings

The sources consulted record no detrimental legal or labor court information.

Rating

Local credit bureau gave a correct credit rate.

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

Final Opinion

This is a small sized Canadian company and employs 2 people.

There is no financial data available con the company.

We strongly suggest working with GUARANTEES.

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	N.A.	Public	NO
Indebtedness	N.A.	Payments	N.A.
Cash	N.A.

APPENDIX

Comments
	We have contacted the telephone number, and were tranferred to a general voice mail. We left a message which kept un answered.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.48
UK Pound	1	Rs.72.37
Euro	1	Rs.64.42

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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