MIRA INFORM REPORT

Report Date :

03.05.2011

IDENTIFICATION DETAILS

Name :	FABRICUT INC (UNIVERSAL CONVERTERS & IMPORTERS)

Registered Office :	124 E 4th St Tulsa Ok 74103.

Country :	United States

Date of Incorporation :	01.07.1959

Legal Form :	Corporation for Profit

Line of Business :	Decorative Drapery Hardware

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 :	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: 100.00 USD = 67.2863 EUR

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Universal Converters & Importers Fabricut
Address in the order:	9303 E 46th Street, Tulsa Oaklahoma 74145-4895 USA 9303.e Fabricut Oaklahoma
Legal Name:	Fabricut Inc (Universal Converters & Importers)
Trade Name:	Universal Converters & Importers
Legal Address	124 E 4TH ST Tulsa OK 74103.
Operative Address	9303 E 46th Street Tulsa, OK 74145-4829
Mailing Address	P.O. BOX 470490 Tulsa, Oklahoma 74147 USA
Telephone:	+1 (918) 622-7700	:	1900161636
Fax:	+1 (918) 665-1177	Legal Form:	Corporation for Profit
Email:	info@fabricut.com	Registered in:	Oklahoma
Website:	www.fabricut.com	Date Created:	1954
Manager:	David Finer, CEO	Date Incorporated:	July 1st, 1959
Staff:	300	Stock:	N/A
		Value:	N/A
Activity:	Decorative drapery hardware.

BANKS

Name of the Bank

Bank Of Oklahoma

BUSINESS

HISTORY
	This company was created in the year 1954.
PRINCIPAL ACTIVITY
	The company is categorized under Textile Finishing Mills, Apparel Wholesalers.
Products/Services description:
	Trimmings Bedding Drapery Multipurpose Upholstery
Sales are:
	Wholesale, Retail
Brands:
	Lillian August
Clients:
	General clientele Various industries
Operations area:
	National, International, Local
The company imports from Asia Europe
The company export to Worldwide
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at 9303 E 46TH ST Tulsa, Oklahoma 74145 USA.
Branches:
	The company does not show any branc; However it has many show rooms all over the US.

Shareholders - Manager - Related Companies

Management:

David Finer, Owner nd CEO

Ron Graham, CFO

Michael Guterman, Vice President

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted a female representative 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	2010
Turnover	630,000

Legal Fillings

There are 37 UCC** files listed with the Secretary of State of Oklahoma.

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 57 years. It has a staff of 300 employees which makes it a medium sized company.

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

We've contacted the company, but they refused to provide us any information about the company without knowing the name of the inquiring party.

The company gave a low profitability for the year 2010.

Therefore we suggest working with GUARANTEES.

SUMMARY

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

APPENDIX

Person Interviewed
	Female representative
Comments
	She refused to provide us any information about the company without knowing the name of the inquiring party.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.33
UK Pound	1	Rs.73.89
Euro	1	Rs.65.57

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%)

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.