MIRA INFORM REPORT

Report Date :

15.04.2011

IDENTIFICATION DETAILS

Name :	GREIGE ENTERPRISES INCORPORATED

Registered Office :	14365 Cornerstone Village DR Apt 814 Houston TX 77014

Country :	United States

Date of Incorporation :	17.11.2010

Legal Form :	Not Available

Line of Business :	Steel Retailer

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)

United States

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

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Greige Enterprises Inc
Address in the order:	14365 Cornerstone Village DR Apt Houston TX 77014 1219 USAGreige Enterprises Inc
Legal Name:	Greige Enterprises Incorporated
Legal Address	14365 Cornerstone Village DR Apt 814 Houston TX 77014
Operative Address	14365 Cornerstone Village DR Apt 814 Houston TX 77014
Telephone:	+1 (281) 748-9678	ID :	0801345212
Fax:	N/A	Legal Form:	N.A.
Email:	N/A	Registered in:	Texas
Website:	N/A	Date Created:	2010
Manager:	Imram Shaith, President	Date Incorporated:	November 17th, 2010
Staff:	3	Stock:	N/A
		Value:	N/A
Activity:	Steel retailer.

BANKS

Name of the Bank

J P Morgan Chase Bank

BUSINESS

HISTORY
	The company was created in the year 2010.
PRINCIPAL ACTIVITY
	The company is categorized under steel retailer.
Products/Services description:
	HMS1 HMS2
Sales are:
	Retail
Clients:
	General clientele
Operations area:
	National, Local
The company does not export
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at 14365 Cornerstone Village DR Apt 814 Houston TX 77014.
Branches:
	There were no branches found for this company.

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	The company is privately held and has Imram Shatih as the main shareholder.
Management:
	Imram Shaith, Owner

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted Imram Shaith, who kindly provided us with all of the information showed on this report.

He explained that there was almost no information found since this was a new company, therefore he was unable to provide any financial information.

Legal Fillings

There are no UCC** files listed with the Secretary of State of Texas.

There are no legal filings listed with the District Court.

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

For information:

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

Rating

Local credit bureau gave a Low 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 new company with less than a year of experience. It has a staff of 3 employees which makes it a small sized company.

There were no legal filings found against the company or its legal representatives.

As this is a brand new company, there was no financial information available for the year 2010.

We've contacted the company and talked to the owner, who kindly provided us with all of the information showed on this report. However he was unable to provide an estimate of sales.

Due to the fact that the company is very young still.

we suggest working with GUARANTEES.

SUMMARY

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

APPENDIX

Person Interviewed
	Imram Shatih
Position
	Owner
Comments
	He kindly provided us with all of the information showed on this report. He explained that there was almost no information found since this was a new company, therefore he was unable to provide any financial information.

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.