MIRA INFORM REPORT

Report Date :

07.06.2011

IDENTIFICATION DETAILS

Name :	GLOBAL AMERICAN LINE CORPORATION (GAL)

Registered Office :	3470 Rand Road, South Plainfield, NJ 07080

Country :	United States

Year of Establishment :	2001

Legal Form :	Corporation for Profit

Line of Business :	Service Organization

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 125,000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

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

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION
Legal Name:	GLOBAL AMERICAN LINE CORPORATION (GAL)
Legal Address	3470 RAND ROAD, SOUTH PLAINFIELD, NJ 07080, USA

Telephone:	(908) 769-9500	ID :	0400407906
Fax:	(908) 769-0045	Legal Form:	Corporation for Profit
Email:	info@globalamericanline.com	Registered in:	New Jersey
Website:	http://www.globalamericanline.com	Date Created:	2001
Manager:	Mr. Mohamed. Maaty, President	Date Incorporated:	NA
Staff:	8	Stock:	NA
		Value:	NA
Activity:	Service Organization

BUSINESS
HISTORY
	The company was established in 2001.
PRINCIPAL ACTIVITY
	The company offers Integrated Freight Logistic solutions for Sea & Air.
Products/Services description:
	The company offers the following services: Ocean Freight Air Freight Warehousing & Distribution Inter Modal Transport Operations
Sales are:
	Wholesale
Clients:
	Professionals of the industry.
Operations area:
	National, International
Trade References:
	The person contacted refused to provide the names of their suppliers for us to check the trade references.
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at: 3470 RAND ROAD, SOUTH PLAINFIELD, NJ 07080, USA

Shareholders - Manager - Related Companies
Shareholders Parent Company(ies):
	This is a private company. Despite our long searches we could not identify the main shareholders and the person interviewed refused to provide us this information.
Management:
	Mr. Mohamed. Maaty, President Mr. Hamid Hussaini, Chief Executive Officer Ravi Grover, Manager

Financials - COMMERCIAL TRENDS AND FORECAST
As a private company the subject does not publish any financial statements.
We have contacted the company but the person interviewed refused to provide us any financial data on grounds of confidentiality.
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	8,342,625
The cash flow is	Normal

Legal Fillings

There are no UCC** files listed with the Secretary of State of New Jersey.

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 small sized company, with 8 employees and 10 years of experience.

The person contacted refused to provide us any kind of information about the subject on grounds of confidentiality.

Nevertheless, through our sources we could gather the estimated range of revenue for 2010. Income is very good for its size. Payments are regular.

However, there is no recent payment history by the company.

We suggest a credit line for USD 125,000

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

APPENDIX
Position
	Operator
Comments
	He refused to transfer our call to any authorized representative and ended the call without providing his name.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.72
UK Pound	1	Rs.73.46
Euro	1	Rs.65.47

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.

MIRA INFORM REPORT

GEOPOLITICS - UNITED STATES

IDENTIFICATION

BUSINESS

Shareholders - Manager - Related Companies

Financials - COMMERCIAL TRENDS AND FORECAST

Rating

SUMMARY

APPENDIX

Unit