MIRA INFORM REPORT

Report Date :

14.06.2011

IDENTIFICATION DETAILS

Name :	DIVINITY CREATION

Registered Office :	43, Penny Royal Crescent Brampton, Ontario L6S 6J6

Country :	Canada

Year of Establishment :	2005

Com. Reg. No.:	Not Available

Legal Form :	Corporation for Profit

Line of Business :	Clothing Retailer

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	USD 3,000
Status :	Small Company
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)

Canada

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

Bottom of Form

GEOPOLITICS - CANADA

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Divinity Creation
Address in the order:	43, Penny Royal Crescent Brampton, Ontario L6S 6J6

Legal Name:	DIVINITY CREATION

Legal Address	43, Penny Royal Crescent Brampton, Ontario L6S 6J6

Telephone:	905 790-7642	Registration Number :	N.A.
Fax:	905 790 7967	Legal Form:	Corporation for Profit
Email:	N.A.	Registered in:	Canada
Website:	N.A.	Date Created:	2005
Manager:	Thomas Xavier, President	Date Incorporated:	N.A.
Staff:	2	Stock:	N.A.
		Value:	N.A.
Activity:	Clothing retailer.

BANKS

Name of the Bank

NATIONAL BANK OF CANADA

BUSINESS

HISTORY
	The company was created in 2005
PRINCIPAL ACTIVITY
	Divinity Creation operates as a clothing retailer.
PAYMENTS
	regular
LOCATION
Headquarters
	43, Penny Royal Crescent Brampton, Ontario L6S 6J6

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	This is a private company. The Xavier family is the main shareholder.
Management:
	Thomas Xavier – President Sheba Xavier – Vice President

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company‚ the subject does not publish any financial statements.
We have contacted the company, 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:

Currency	DATE
CAD	2010
Turnover	552,944
The cash flow is	NORMAL

Currency	DATE
USD	2008
Turnover	600,000
The cash flow is	NORMAL

Legal Fillings
The sources consulted record no detrimental legal or labor court information.

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 Canadian company, which employs 2 people and has 5 years of experience in the market.

The profitability has decreased in the past two years.

A credit may be considered for USD 3,000

SUMMARY

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

APPENDIX

Comments
	The company refused to provide us any information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.87
UK Pound	1	Rs.72.83
Euro	1	Rs.64.37

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.