MIRA INFORM REPORT

Report Date :

15.03.2011

IDENTIFICATION DETAILS

Name :	ROBERT TALBOTT INC

Registered Office :	P o Box 996 Carmel Valley, California, 93924, U.S.

Country :	United States

Date of Incorporation :	04.01.1951

Legal Form :	Corporation for Profit

Line of Business :	Manufactures Apparel

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 150,000.
Status :	Satisfactory
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

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:	Robert Talbott Inc
Address in the order:	2901, Montrey Salinas Hwy Monterey CA 93940 California 93924-0996

Legal Name:	Robert Talbott inc
Trade Name:	Robert Talbott Vineyards / Robert Talbott Carmel
Legal Address	PO BOX 996 CARMEL VALLEY, California, 93924, U.S.
Operative Address	2901 Monterey Salinas Hwy, Monterey, California 93940, U.S.
Mailing Address	P.O. BOX 996 Carmel Valley, California 93924, U.S.
Telephone:	+1 (831) 649-6000	ID :	C0250584
Fax:	+1 (831) 649-4244	Legal Form:	Corporation for Profit
Email:	info@roberttalbott.com	Registered in:	California
Website:	www.roberttalbott.com	Date Created:	1950
Manager:	Jerome Politzer, CEO	Date Incorporated:	January 04, 1951
Staff:	250	Stock:	NA
		Value:	NA
Activity:	The company manufactures apparel.

BANKS

Name of the Bank WELLS FARGO BANK

Name of the Bank US BANK

BUSINESS

HISTORY
	The company was founded in Monterey, California in 1950.
PRINCIPAL ACTIVITY
	The company manufactures apparel for men and women in America.
Products/Services description:
	It offers blouses, knits, jackets, bottoms, dresses, and accessories, as well as neckwear, shirts, sportswear, formalwear, outwear, belts, bow ties, and cufflinks. The company also produces and sells wine online, as well through distributors.
Sales are:
	Retail
Clients:
	General clientele
Operations area:
	National, International, Local
The company export to worldwide
The subject employs 250 employee(s)
Comments on staff:
	The subject has 250 employees at group level.
PAYMENTS
	made on a 45 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The company is headquartered at 2901 Monterey Salinas HWY, Monterey, California 93940, USA.
Branches:
	The company has several branches throughout the United States.
Business Overview:
	The US apparel manufacturing industry includes about 8,000 companies that have combined annual revenue of about $20 billion. Large companies include Levi Strauss, Phillips-Van Heusen, VF Corporation, and Warnaco. The industry is fragmented: the 50 largest companies generate less than 40 percent of revenue. The industry includes knitting mills, but most apparel is cut and sewn.

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	The company is privately held. Despite our long searches we could not identify the names of the main shareholders.
Management:
	Jerome Politzer, CEO Richard Cohen, President Jeff Payne, IT Executive Vivian Wu, Finance Executive Ignacio Alvarez, Human Resources Executive John Moran, Telecommunications Executive

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted a representative from the accountant department who refused to provide us any financial data on grounds of confidentiality.

However our financial sources could provide us with the following data (estimates):

Currency	DATE
USD	2009
Turnover	7,940,000
Operating Income	213,000
Net Income	174,000
Net worth	800,000
Bank liabilities	120,000
The cash flow is	Normal

Currency	DATE
USD	2007
Turnover	7,500,000

Legal Fillings

There are 9 UCC** files listed with the Secretary of State of California.

Filing Number: 107248300813

Filing Date: 10-13-2010

Filing Jurisdiction: CALIFORNIA

Secured Party: ROSENTHAL & ROSENTHAL OF CALIFORNIA, INC.

Secured Party Address: 21700 OXNARD ST WOODLAND HILLS CA 91367- 3642

Debtor: ROBERT TALBOTT, INC.

Debtor Address: 2901 SALINAS HWY 68 MONTEREY CA 93940- 6400

Filing Number: 100017363283

Filing Date: 06-16-2010

Filing Jurisdiction: TEXAS

Secured Party: HP VILLAGE PARTNERS, LP

Secured Party Address: 47 HIGHLAND PARK VLG STE 208 DALLAS TX 75205- 2741

Debtor: ROBERT TALBOTT, INC.

Debtor Address: TALBOTT STUDIO CARMEL VALLEY CA 93924

414 MIRADOR CT MONTEREY CA 93940- 7616

Filing Number: 097198646909

Filing Date: 06-05-2009

Filing Jurisdiction: CALIFORNIA

Secured Party: WELLS FARGO BANK, NATIONAL ASSOCIATION

Secured Party Address: 50 RAGSDALE DR STE 100 MONTEREY CA 93940- 7804

Debtor: ROBERT TALBOTT, INC.

Debtor Address: 2901 SALINAS HWY MONTEREY CA 93940- 6400

Debtor: ROBERT TALBOTT, INC.

Debtor Address: 2901 SALINAS HWY 68 MONTEREY CA 93940- 6400

Filing Number: 097193930839

Filing Date: 04-17-2009

Filing Jurisdiction: CALIFORNIA

Secured Party: DEERE & COMPANY

Secured Party Address: 6400 NW 86TH ST JOHNSTON IA 50131- 2945

Debtor: ROBERT TALBOTT, INC.

Debtor Address: 2901 SALINAS HWY MONTEREY CA 93940- 6400

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 company has been in business for 60 years, it has a staff of 250 employees which makes it a medium sized company.

Sales increased from the year 2007 to 2009.

Profitability is correct, indebtedness is controlled and the cash flow is normal.

Therefore, a credit line may be considered for USD 150,000.

SUMMARY

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

APPENDIX

Person Interviewed
	Representative from the Accountant Department.
Comments
	The lady refused to provide us or verify any of the information. However, we sent an email to the Accountant Department, but we did not get any answer yet.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.15
UK Pound	1	Rs.72.59
Euro	1	Rs.62.95

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

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.