MIRA INFORM REPORT

Report Date :

04.03.2011

IDENTIFICATION DETAILS

Name :	CHORUS GIRL INC
Registered Office :	1407 Broadway Suite 1611 New York, NY 10018
Country :	United States
Date of Incorporation :	21.08.1981
Legal Form :	Corporation for Profit
Line of Business :	Women\'s Apparel

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	USD 10,000
Status :	Small Company
Payment Behaviour :	Regular
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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
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 Government: Federal Economic Risk: Nil	Currency: USD Branch Situation:Stable

IDENTIFICATION
Comments on data supplied:	Please note that the address provided is that of the Distribution Center of the company. The company is headquertered at 1407 Broadway Suite 1611 New York, NY 10018, USA.
Legal Name:	Chorus Girl Inc
Legal Address	1407 Broadway Suite 1611 New York, NY 10018, USA
Telephone:	(212) 764-0575	ID :	717975
Fax:	(212) 764-0575	Legal Form:	Corporation for Profit
Email:	sales@chorusgirl.com	Registered in:	New York
Website:	http://www.chorusgirl.com	Date Created:	1981
Manager:	Roger Batra, President	Date Incorporated:	August 21st, 1981
Staff:	4	Stock:	200
		Value:	No Par Value
Activity:	Women\'s Apparel

BANKS
Name of the Bank	BANK OF BARODA
Location	1 PARK AVE NEW YORK NY 10016- 5802

BUSINESS
HISTORY
	The company was created in 1981.
PRINCIPAL ACTIVITY
	This is a company engaged in Women's Apparel.
Products/Services description:
	The company distributes women's apparel such as tops, bottoms & trends. It is a garment import and sourcing company specialized in ladies casual lifestyle.
Sales are:
	Wholesale
Operations area:
	National
PAYMENTS
	regular
LOCATION
Headquarters
	1407 Broadway Suite 1611 New York, NY 10018, USA
Comments on location:
	Headquarters
Branches:
	Distribution Center: 41-15, 23rd Street, Long Island City, New York, NY 11101

Shareholders - Manager - Related Companies
Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The company is privately held. Despite our long searches, we could not identify the shareholders and the person contacted refused to provide that information on grounds of confidentiality.
Management:
	Roger Batra, President Sonu Batra, Vice President

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted the company that 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.

Comments on the financial data: The company`s estimated annual revenue is between USD 2.5 and 5 millions. However, we could not verify this figure with the company, as the person contacted refused to provide any information on grounds of confidentiality.

Legal Fillings

There are 7 UCC** files 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 records 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 American company. It employs 4 people. It has been in business for 29 years. A credit line may be considered for USD 10,000

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

APPENDIX
Person Interviewed
	Operator
Comments
	The person contacted only confirmed the address of the company. He refused to provide any more information on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.96
UK Pound	1	Rs.73.37
Euro	1	Rs.62.33

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.