MIRA INFORM REPORT

Report Date :

05.05.2011

IDENTIFICATION DETAILS

Name :	AMERICAN ORIGINALS CORPORATION (GOTHAM DIAMONDS)

Registered Office :	122 East 42nd Street, Ste 2100, New York, New York, 10168

Country :	United States

Date of Incorporation :	29.06.2006

Legal Form :	Corporation for Profit

Line of Business :	Jewelry Supplier

RATING & COMMENTS

MIRA’s Rating :

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

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:	American Originals
Address in the order:	1156, avenue of The Americas Suite 710 New York NY 10036
Comments on data supplied:	Please note that the complete company`s name is "AMERICAN ORIGINALS CORPORATION"
Legal Name:	AMERICAN ORIGINALS CORPORATION (Gotham Diamonds)
Trade Name:	Gotham Diamonds
Legal Address	122 East 42nd Street, Ste 2100 New York, New York, 10168, USA (incorporators)
Operative Address	1156, 6th AVE, Suite 701, New York 10036, USA (headquarters)
Telephone:	(212) 836-4155	ID :	3383122
Fax:	(212) 832-1818	Legal Form:	Corporation for Profit
Email:	info@amoriginals.com	Registered in:	New York
Website:	www.amoriginals.com	Date Created:	1990
Manager:	Saumil Parikh, President	Date Incorporated:	June 29th, 2006
Staff:	9	Stock:	200
		Value:	No Par Value
Activity:	Jewelry Supplier.

BANKS

Name of the Bank

JPMORGAN CHASE BANK

BUSINESS

HISTORY
	The company was founded in 1990.
PRINCIPAL ACTIVITY
	The company distributes jewelry.
Products/Services description:
	The company distributes the following products: Rings Watches Earrings Necklaces Bracelets Pendants Diamond Jewelry Other Precious Stones
Sales are:
	Wholesale, Retail
The subject employs 9 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The legal address of the company is that of the registrant officer: 122 East 42nd Street, Ste 2100, New York, New York, 10168, USA However, it is headquartered at: 1156, 6th AVE, Suite 701, New York 10036, USA
Comments on location:
	The former company address was: 22 East, 49th Street, 6th Floor, New York, NY 10017, USA. The address: 424 Madison Ave, 6th Floor New York, NY10017, USA is a former address of the company as well.

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	This is a private company. The major shareholders are the members of the Parikh family.
Management:
	Saumil Parikh, President Rajshekhar Parikh, VP

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 any kind of information without knowing the name of the inquiring party.

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

Currency	DATE
USD	2009
Turnover	10,000,000
The cash flow is	Normal

Currency	DATE
USD	2008
Turnover	10,000,000
The cash flow is	Normal

Legal Fillings

There are 19 UCC files listed with the Secretary of State of New York.

There are no legal filings listed with the District Court.

For information:

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. It employs 9 people and has been in business for 20 years.

There is no financial data available for 2010 yet.

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 provided the following information: Address Former address Activity President`s name Shareholder Website E-mail Trade name However, she refused to provide her name.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.59
UK Pound	1	Rs.73.42
Euro	1	Rs.66.04

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.