MIRA INFORM REPORT

Report Date :

03.01.2011

IDENTIFICATION DETAILS

Correct Name :	IMAX CORPORATION (IMAX WORLDWIDE IMPORTS)

Registered Office :	12502 E 55th St - Tulsa OK 74146

Country :	United States

Date of Incorporation :	27.02.1984

Legal Form :	Corporation for Profit

Line of Business :	Imports home and garden accessories and sells to retailers across the country.

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 :	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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

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:	Imax Corporation
Address in the order:	P O Box 472188, Tulsa, OK, 74147

Legal Name:	Imax Corporation (Imax Worldwide Imports)
Trade Name:	Imax Worldwide Imports
Legal Address	12502 E 55th St - Tulsa OK 74146 - USA

Mailing Address	P.O. Box 472188, Tulsa, OK 74147, USA.
Telephone:	(800) 882-4629	ID :	1900416279
Fax:	(918) 249-1000	Legal Form:	Corporation for Profit
Email:	info@imaxcorp.com	Registered in:	Oklahoma
Website:	http://www.imaxcorp.com/	Date Created:	1984
Manager:	Al Bulak, President	Date Incorporated:	February, 27th. 1984
Staff:	165	Stock:	NA
		Value:	NA
Activity:	Imports home and garden accessories and sells to retailers across the country.

BANKS

Name of the Bank	WELLS FARGO BANK, NATIONAL ASSOCIATION
Name of the Bank	LANDMARK BANK, N.A.

BUSINESS

HISTORY
	The company was founded in 1984.
PRINCIPAL ACTIVITY
	Imports home and garden accessories and sells to retailers across the country.
Products/Services description:
	Al and Faye Bulak started in 1984 as a small company importing copper flower containers. The company has over 38,000 customers, 128 road reps and product showing in 20 showrooms worldwide. The company has a 500,000 square foot distribution center. Products include: Candle lighting, Ceramics, Clocks & Time pieces, Decorative Accents, Frames, Furniture, Garden, Glassware, Lighting, Metalware, Organized Living, Wall Décor.
Sales are:
	Retail
Clients:
	General clientele
Operations area:
	National, International, Local
The subject employs 165 employee(s)
LOCATION
Headquarters
	The company is headquartered in 12502 E 55TH ST, TULSA, OK 74146, USA.
Comments on location:
	Other locations in Dallas, Atlanta, Chicago, North Carolina, Las Vegas and China.

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	This is a private company. AL and FAYE Bulak are the main shareholders.
Management:
	Al Bulak, President Faye Bulak, Director Brian Bonnick, Manager Lisa Flynn, Accountant

Financials - COMMERCIAL TRENDS AND FORECAST

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

Comments on the financial data: We were unable to speak with any member of the company in order to get any financial data.

Legal Fillings

There are several UCC** files listed with the Secretary of State of Oklahoma.

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

This is a medium sized American company, with 165 employees and 26 years of experience.

We don’t have any payment experience for this company, no trade reference were provided.

We can state that the company is Active in the Secretary of State of Oklahoma and currently doing business. However, we called the company several times, but in all cases we were transferred to its general voicemail.

We suggest working with guarantees

SUMMARY

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

APPENDIX

Position
	General voicemail
Comments
	We were unable to speak with any member of the company. We left some messages in order to contact them as soon as possible and get the required information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.81
UK Pound	1	Rs.59.81
Euro	1	Rs.69.29

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.