MIRA INFORM REPORT

Report Date :

11.06.2011

IDENTIFICATION DETAILS

Correct Name :	SHANE CO

Registered Office :	8085 S Chester # 300, Centennial, CO 80112

Country :	United States

Date of Incorporation :	01.07.1971

Legal Form :	Corporation for Profit

Line of Business :	Not Available

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 – 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

Bottom of Form

GEOOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Western Stone & Metal Corp
Address in the order:	8085 South Chester Street, Centennial Co 80112
Legal Name:	SHANE CO (Western Stone & Metal Corp)
Trade Name:	Western Stone & Metal Corp
Legal Address	8085 S Chester # 300, Centennial, CO 80112, United States.
Telephone:	+1 (303) 792-3500	ID :	19871270356
Fax:	N/A	Legal Form:	Corporation for Profit
Email:	N/A	Registered in:	Colorado
Website:	N/A	Date Created:	1971
Manager:	Thomas Shane, Manager	Date Incorporated:	July 1st, 1971
Staff:	100-249	Stock:	N/A
		Value:	N/A
Activity:	N/A

BANKS

Name of the Bank

US Bank

BUSINESS

HISTORY
	The company was created in the year 1971.
PRINCIPAL ACTIVITY
	The female representative we talked to, refused to confirm if this company operates as a jewelry wholesaler.
Operations area:
	National, Local
The company imports from Worldwide
PAYMENTS
	TO BE MONITORED
Branches:
	There were no branches found for this company.

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	This is a privately held company. Despite our long searches it has not been possible to identify the shareholders
Management:
	Thomas Shane, Manager

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted a female representative from the accounting payable dept, but she refused to provide us any financial data on grounds of confidentiality. She was disrespectful and dropped the call while we were talking. Our agent called back again, but we were directly transferred to a voice mail. We left a message without getting any positive outcomes.

Legal Fillings

There are 93 UCC** files listed with the Secretary of State of Colorado.

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 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 company with100 to 249 employees and 40 years of experience.

We were able to find a website for Shane Co. although we couldn't confirm the link between the subject company and the website.

There were no legal filings found against the company or its legal representatives.

We've contacted the company, in order to confirm basic information to fulfill this report; However the person we talked to refused to provide us any information and hung up on us.

There was no financial information found for the company.

At this point, considering that the company refused to cooperate, and due to the fact that we couldn't determine the company's staff or its main activity.

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

Person Interviewed
	Female representative from the accounting payable dept
Comments
	She refused to provide us any financial data on grounds of confidentiality. She was disrespectful and dropped the call while we were talking. Our agent called back again, but we were directly transferred to a voice mail. We left a message without getting any positive outcomes.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.72
UK Pound	1	Rs.72.93
Euro	1	Rs.64.72

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.