MIRA INFORM REPORT

Report Date :

30.03.2011

IDENTIFICATION DETAILS

Name :	UNIVERSAL COMMODITIES TEA TRADING INC
Registered Office :	2 Broadway 29th Fl New York, New York, 10004
Country :	United States
Date of Incorporation :	10.12.1990
Legal Form :	Corporation for Profit
Line of Business :	Tea importers and distributors

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Maximum Credit Limit :	USD 20,000
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 – 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
Ordered as:	Universal Commodities Tea Trading Inc
Address in the order:	141 Parkway Road, Suite 20 Bronxvile, New York 10708
Legal Name:	Universal Commodities Tea Trading INC
Legal Address	2 Broadway 29th Fl New York, New York, 10004 - USA
Operative Address	141 Parkway Road, Suite 20 Bronxville, New York 10708 - USA
Telephone:	+1 914-779-5700	ID :	1494349
Fax:	+1 914-779-5742	Legal Form:	Corporation for Profit
Email:	universaltea@uctt.com	Registered in:	New York
Website:	http://www.uctt.com	Date Created:	1990
Manager:	Domenick Ciaccia, President	Date Incorporated:	December 10th., 1990
Staff:	9	Stock:	200
		Value:	no par value
Activity:	Tea importers and distributors

BANKS
Name of the Bank	BANK OF AMERICA, N.A.
BUSINESS
HISTORY
	The comapny was created in 1990
PRINCIPAL ACTIVITY
	The comapny import and distributes Tea.
Products/Services description:
	The company is engaged in providing: Black Tea · Green Tea · Instant Tea · Decaffeinated Tea · Specialty/Gourmet Tea · Flavored Tea · Organic Tea · Bulk Tea Blends
Sales are:
	Wholesale
Clients:
	Specialty Stores
Operations area:
	National, Local
The company imports from Asia
The company does not export
The subject employs 9 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at 141 Parkway Rd Ste 20 Bronxville NY 10708- 3618 - USA
The property is:
	Owned
Branches:
	The company reports no branch locations
Business Overview:
	The US wholesale food distribution industry includes about 33,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $670 billion. Major companies include McLane Company, SUPERVALU, SYSCO, and US Foodservice. The industry is concentrated: the 50 largest companies generate about 50 percent of revenue.

Shareholders - Manager - Related Companies
Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The Company Is Privately Held By Domenick Ciaccia
Management:
	Domenick Ciaccia President

Financials - COMMERCIAL TRENDS AND FORECAST
As a private company the subject does not publish any financial statements.
We have contacted the operator of 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. Those figures are estimates provided by confidential banking and financial institutions working with the company.
Currency	DATE
USD	2009
Turnover	1,400,000
The cash flow is	Normal

Legal Fillings

There are several UCC** file 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 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 which employs 9 persons and has 20 years of experience in the market. There were no legal filings found against the company or its legal representative (we have found that DOMENICK CIACCIA is the main shareholder). The income per employee remains pretty fair for the company's size. A credit line may be consider for USD 20,000.-

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

APPENDIX
Position
	Operator
Comments
	The person contacted refused to provide us any information on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.67
UK Pound	1	Rs.71.63
Euro	1	Rs.63.09

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.