MIRA INFORM REPORT

Report Date :

02.08.2011

IDENTIFICATION DETAILS

Name :	6IX SIGMA APPAREL NETWORK LLC

Registered Office :	114 Serenade Lane, Woodstock, Georgia 30188

Country :	United States

Date of Incorporation :	16.05.2002

Legal Form :	Limited Liability Company

Line of Business :	Knit Goods

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Small Company

Payment Behaviour :	No Complaints

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United States

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

Comments on the rating:

A Credit line maybe considered

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	6IX Sigma Apparel Network LLC
Address in the order:	347 West 36th Street Suite 10018
Comments on data supplied:	The exact address is listed below.
Legal Name:	6IX SIGMA APPAREL NETWORK LLC
Trade Name:	Sixsigma Apparel Network
Legal Address: Trade Name:	114 SERENADE LANE WOODSTOCK, GEORGIA 30188, USA 347 West 36 St - Suite No 803, New York, Ny 10018, USA

Telephone:	+ 1 (212) 563-2160	Corporate ID :	2768263
Fax:	+ 1 (212) 563-4294	Legal Form:	Limited Liability Company
Email:	NA	Registered in:	New York
Website:	NA	Date Created:	1998
Manager:	Bilal Sethi, Owner	Date Incorporated:	MAY 16, 2002
Staff:	6	Stock:	NA
		Value:	NA
Activity:	Knit Goods

BANKS

Name of the Bank	HSBC Bank
Name of the Bank	STERLING NATIONAL BANK

BUSINESS

HISTORY
	The company was established in 1998.
PRINCIPAL ACTIVITY
	6IX.SIGMA APPAREL NETWORK LLC is a private company located in the US. The structure is also doing business as Sixsigma Apparel Network. The structure is working as a wholesaler of nondurable goods. This is an established structure. This is a small company.
Sales are:
Wholesale
Operations area:
	National
Trade References:
	Despite our efforts we were unable to confirm any trade reference.
The subject employs 6 employee(s)
PAYMENTS
Regular
Comments on location:
	Single location

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	Bilal Sethi, Owner.
Management:
	Bilal Sethy, Officer. Dilal Sethi, President. Andrea Wilson, Office Manager.

Financials - COMMERCIAL TRENDS AND FORECAST

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

However our financial sources could provide us with the following data.

Those figures are estimates provided by confidential banking and financial institutions working with the company.

Currency	DATE
USD	2010
Turnover	$1 to 2.5 million

Legal Fillings

There is 1 recent UCC** file listed with the Secretary of State of New York.

Filing Number: 0407205604772

Filing Date: 07-20-2009

Secured Party: HSBC BANK USA, NATIONAL ASSOCIATION

Debtor: 6IX SIGMA APPAREL NETWORK LLC

There are no legal filings listed with the District Court.

The last annual report was filed on 2010.

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

This is a small company with 6 employees and 13 years of operations.

The turnover is correct for its size.

The company’s length of payment is believed to be regular.

The entity has experience in the industry.

The company can bear a credit line.

A business connection can be conducted.

SUMMARY

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.05
UK Pound	1	Rs.72.40
Euro	1	Rs.63.46

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
----	NB	New Business	----

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.