MIRA INFORM REPORT

Report Date :

19.04.2011

IDENTIFICATION DETAILS

Name :	EXPERTECH CORPORATION

Registered Office :	14930 Ramona Blvd, Baldwin Park CA 91706

Country :	United States

Date of Incorporation :	13.12.2001

Legal Form :	Corporation for Profit

Line of Business :	Importer and supplier of furniture

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	USD 5.000

Status :	Small Company

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:	Expertech Corp
Address in the order:	14930 Ramona Blvd Baldwin Park, CA 91706, U.S.
Legal Name:	Expertech Corporation
Legal Address	14930 Ramona Blvd, Baldwin Park CA 91706, U.S.
Telephone:	+1 (626)-813-1971	ID :	C2385758
Fax:	+1 (626)-813-1973	Legal Form:	Corporation for Profit
Email:	NA	Registered in:	California
Website:	NA	Date Created:	NA
Manager:	Raymond Lin, President	Date Incorporated:	December 13, 2001
Staff:	4	Stock:	NA
		Value:	NA
Activity:	Importer and supplier of furniture

BUSINESS

PRINCIPAL ACTIVITY
	Importer and supplier of furniture.
Products/Services description:
	Tables Chairs Bookshelves Night table Among others...
Sales are:
	Retail
Clients:
	Distributors
Suppliers:
	Guangzhou Jianmeng Trading Co Ltd (Asia)
Operations area:
	National
The company imports from China
The company does not export
The subject employs 4 employee(s)
PAYMENTS
	made on a 50 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The Company Is Headquartered At 14930 Ramona Blvd, Baldwin Park CA 91706, U.S.

Shareholders - Manager - Related Companies

Shareholders Parent Company(Ies):
	This Is A Private Company And Raymond Lin is one of the major Shareholders.
Management:
	Raymond Lin, President Chloe Lin, Manager

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted the company but refused to provide us any financial data on grounds of confidentiality

However our financial sources could provide us with the following data (estimates):

Currency	DATE
USD	2010
Turnover	510.000

Currency	DATE
USD	2009
Turnover	520,000
The cash flow is	Normal

Legal Fillings

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

There are no legal filings listed with the District Court.

For information:

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 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 company with 4 employees and 9 years doing business.

There were no legal fillings found against the company or its legal representatives, which makes it a more reliable company.

A credit line may be considered for USD 5.000.

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	CORRECT	Public Records	NO
Indebtedness	CONTROLLED	Payments	REGULAR
Cash	NORMAL

APPENDIX

Position
	Receptionist
Comments
	We contacted the company. However, the receptionist refused to provide us with any information on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.27
UK Pound	1	Rs.7208
Euro	1	Rs.63.66

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%)

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