MIRA INFORM REPORT

Report Date :

22.12.2011

IDENTIFICATION DETAILS

Name :	BIACCI INC.
Registered Office :	40 Hewlett Lane, Port Washington, NY 11050
Country :	United States
Date of Incorporation :	12.07.2001
Legal Form :	Corporation for Profit
Line of Business :	Wholesale Leather Apparel.
No. of Employees :	10 (not verified)

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Unknown
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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
United States	A1	A1

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 GovernmentGOVERNMENT	Federal	Currency	USD
Economic Risk	Nil	Branch Situation	Stable

IDENTIFICATION

Legal Name:

Biacci Inc.

Trade Name:

Biacci

Legal Address:

40 Hewlett Lane, Port Washington, NY 11050, USA.
Operative Address:	40 Hewlett Lane, Port Washington, NY 11050, USA.

Telephone:

+1 (516) 627 6322

ID:

2659920

Fax:

-

Legal Form:

Corporation for Profit

Email:

sales@biacci.com

Registerd In:

New York

Website:

www.biacci.com

Date Created:

2001 (not verified)

Manager:

Minoo Kaushal, President.

Date Incorporated

July 12th. 2001

Staff:

10 (not verified)

Stock:

200

Value:

NA

Activity:

Wholesale Leather Apparel.

BUSINESS

HISTORY:
	The company was established in 2001 and incorporated in New York.
PRINCIPAL ACTIVITY:
	Nondurable Goods Merchant Wholesalers.
Products/Services description:
	Leather goods, except footware, gloves, luggage or belting products.
Sales are:
	Wholesale
Operations area:
	National,Local
Trade References :
	The person contacted refused giving any trade references.

The subject employs 10 (not verified) employee(s)
LOCATION :
Headquarters:
	40 Hewlett Lane, Port Washington, NY 11050, USA.

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The person conctacted refused to reveal their identity.
Management:
	President: Minoo Kaushal. Vice President: Sonia Kumra. This data was not confirmed by the person contacted.
Related Companies:
	Sheen Imports Inc. This data was not confirmed by the person contacted.

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted a male representative who refused to provide us any financial data without knowing the name of the inquiring party.

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	4,000,000
The cash flow is Normal

legal fillings

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

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 Medium credit rate.

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

FINAL OPINION:

Although the subject is a small company, it seems to be well established in the market.

The company did not want to provide us any kind of information, but regarding to our own sources, we think it has a solid structure to fulfill current and future obligations.

We did not find any negative antecedents against the company.

SUMMARY

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

APPENDIX
Person Interviewed:
	Male representative.
Comments:
	Refused giving any information without knowing the inquiring party's identity.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.67
UK Pound	1	Rs.82.53
Euro	1	Rs.69.13

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.