MIRA INFORM REPORT

Report Date :

20.04.2011

IDENTIFICATION DETAILS

Name :	AMERITIN INTERNATIONAL CORPORATION

Registered Office :	4479 Central Ave, Western Springs, IL 60558

Country :	United States

Date of Incorporation :	28.01.1997

Com. Reg. No.:	59241249

Legal Form :	Corporation for Profit

Line of Business :	Steel-Distributors & Warehouse

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 :	15 000 USD
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:	Ameritin International Corp
Address in the order:	P O Box 872 Lagrange IL 60525
Legal Name:	AMERITIN INTERNATIONAL CORPORATION
Legal Address	4479 Central Ave, Western Springs, IL 60558, USA
Mailing Address	PO BOX 872, LAGRANGE IL 605525, USA
Telephone:	708-784-9400	Registration Number :	59241249
Fax:	N.A.	Legal Form:	Corporation for Profit
Email:	N.A.	Registered in:	Illinois
Website:	N.A.	Date Created:	1997
Manager:	Matthew Quinn, President	Date Incorporated:	January 28^th, 1997
Staff:	02 employees	Stock:	N.A.
		Value:	N.A.
Activity:	Steel-Distributors & Warehouse.

BANKS

Name of the Bank	WEST SUBURBAN BANK
Name of the Bank	BANK OF AMERICA
Name of the Bank	PINNACLE BANK

BUSINESS

HISTORY
	AMERITIN INTERNATIONAL CORPORATION is a private company created in 1997 and based in Illinois.
PRINCIPAL ACTIVITY
	AMERITIN INTERNATIONAL CORPORATION is working as steel distributor and warehouse. The company is also doing business as AMERITIN INTERNATIONAL
Products/Services description:
	The company is selling a full portfolio of steel products.
Sales are:
	Wholesale
Clients:
	Retailers
Operations area:
	National, International
The company does not import
The company export to India
Trade References:
	Despite our searches we were not able to find any company's trade references.
The subject employs 02 employee(s)
PAYMENTS
	made on a 30 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The company is headquartered at 4479 Central Avenue, Western Springs, IL, 60558, USA

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	Matthew Quinn is the company's main shareholder
Management:
	MATTHEW G QUINN - OWNER, President LESLIE ANNE QUINN - Secretary

Financials - COMMERCIAL TRENDS AND FORECAST

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

Currency	DATE
USD	2009
Turnover	700,000
The cash flow is	Normal

Currency	DATE
USD	2008
Turnover	580 000
The cash flow is	Normal

Legal Fillings

There are UCC files listed with the Secretary of State of Illinois.

The last annual report was filed on 12/10/2009.

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 correct credit rate.

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

Final Opinion

The company has 14 years of experience in the business.

It's a small size company with 2 employees.

The profitability is correct and payments are regular.

It's also important to notice that the company's turnover has increased in 2009.

At this time, we believe that the company can bear a credit line in the range of 15 000 USD

A credit line may be considered.

SUMMARY

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

APPENDIX

Position
	Owner
Comments
	He was able to confirm us the information in the report.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.68
UK Pound	1	Rs.72.56
Euro	1	Rs.63.53

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.