MIRA INFORM REPORT

Report Date :

06.05.2011

IDENTIFICATION DETAILS

Name :	FIBERELECTRONICS, LLC
Registered Office :	2140 South Dupont Highway, Camden Kent De, 19934
Country :	United States
Date of Incorporation :	25.08.2000
Legal Form :	Limited Liability Company
Line of Business :	Telecommunication services provider.

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 50,000
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	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 correct company`s name is listed below.
Legal Name:	FIBERELECTRONICS, LLC
Legal Address	2140 South Dupont Highway, Camden Kent De, 19934, USA (incorporators)
Operative Address	1431 Wicomico St, Baltimore, Maryland 21230, USA (headquarters)
Telephone:	(410) 783-7894	ID :	3282602
Fax:	(410) 729-3483	Legal Form:	Limited Liability Company
Email:	info@fiberelectronics.com	Registered in:	Delaware
Website:	http://www.fiberelectronics.com/	Date Created:	2000
Manager:	Mubariz Razvi, President	Date Incorporated:	August 25th, 2000
Staff:	21	Stock:	NA
		Value:	NA
Activity:	Telecommunication services provider.

BANKS
Name of the Bank	THE COLUMBIA BANK
Location	7168 COLUMBIA GATEWAY DR COLUMBIA MD 21046- 2132
BUSINESS
HISTORY
	The company was created in the year 2000. It has a manufacturing facility in Pakistan.
PRINCIPAL ACTIVITY
	The company is engaged in telecommunication. It manufactures optical interconnects.
Products/Services description:
	The company provides the following products and services: Optical Jumpers and Pigtails Tactical Fiber Optic Assemblies (TFOCA) Passive Components Consultancy and Project Management Supply Chain management Research & Development Installation and Repair Services
Operations area:
	National, International
The company imports from worldwide, depending on the demand
The company export to worldwide, depending on the demand
The subject employs 21 employee(s)
PAYMENTS
	made on a 45 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The legal address of the company is that of the registrant officer: 2140 South Dupont Highway, Camden Kent De, 19934, USA However, it is headquartered at: 1431 Wicomico St Baltimore, Maryland 21230, USA
Comments on location:
	The company was incorporated in Delaware due to tax purposes, however, it is headquartered in Maryland.

Shareholders - Manager - Related Companies
Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The company is privately held. Mr. Mubariz Razvi is the major shareholder of the company.
Management:
	Mubariz Razvi, President Richard Finch, Executive Officer

Financials - COMMERCIAL TRENDS AND FORECAST
As a private company the subject does not publish any financial statements.
We have contacted Mubariz Razvi, President, who provided us with the following data:
Currency	DATE
USD	2010
Turnover	2,400,000
The cash flow is	normal

Legal Fillings

There is one UCC** file listed with the Secretary of State of Delaware.

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. It employs 21 people and has been in business for 10 years. A credit line may be considered for USD 50,000

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

APPENDIX
Person Interviewed
	Mubariz Razvi
Position
	President
Comments
	The person contacted provided the following information: Address Creation Date Activity Number of employees President`s name Shareholder Exports Imports Payment to suppliers Estimated annual revenue

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.57
UK Pound	1	Rs.73.58
Euro	1	Rs.66.23

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.