MIRA INFORM REPORT

Report Date :

11.05.2011

IDENTIFICATION DETAILS

Name :	ARBIN CORPORATION (ARBIN INSTRUMENTS)

Registered Office :	762 Peach Creek Cut Off, College Sta, Tx 77845-8704

Country :	United States

Date of Incorporation :	25.07.1991

Legal Form :	Corporation for Profit

Line of Business :	Testing Instrumentation 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

Maximum Credit Limit :	USD 80,000
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:	Arbin Instruments
Address in the order:	762 Peach Creek Cut Off Road, College Station, TX 77845
Comments on data supplied:	Please note that "Arbin Instruments" is a trade name of the company "ARBIN CORPORATION".
Legal Name:	ARBIN CORPORATION (Arbin Instruments)
Trade Name:	Arbin Instruments
Legal Address	762 PEACH CREEK CUT OFF, COLLEGE STA, TX 77845-8704, USA

Telephone:	(979) 690-2751	ID :	0120080700
Fax:	(979) 690-2761	Legal Form:	Corporation for Profit
Email:	sales@arbin.com	Registered in:	Texas
Website:	http://www.arbin.com/	Date Created:	1991
Manager:	John Zhang, President	Date Incorporated:	July 25th, 1991
Staff:	40	Stock:	NA
		Value:	NA
Activity:	Testing instrumentation supplier.

BUSINESS

HISTORY
	The company was created in 1991. It has worldwide representation in Canada, China, Egypt, France, Germany, India, Israel, Korea, Singapore, Malaysia, Spain, and Taiwan.
PRINCIPAL ACTIVITY
	The company manufactures and supplies testing instrumentation.
Products/Services description:
	The company manufactures the following products: BT2000 - Battery Testing System EVTS - Electric Vehicle Testing System SCTS - Supercapacitor Testing System MSTAT - Electrochemical Testing System FCTS H-Series - PEM Fuel Cell Testing System FCTS L-Series - Liquid Fuel Cell Testing System Dew Point Humidifier - DPH Among many others.
Clients:
	Energy storage device and energy conversion device markets
Operations area:
	National, International
The subject employs 40 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at: 762 Peach Creek Cut Off, College Sta, TX 77845-8704, USA

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The company is privately held. Mr. John Zhang appears to be the major shareholder. However, this information was not verified by the company.
Management:
	John Zhang, President Ping Jiang, Manager
Related Companies:
	Arbin Instruments, LLC

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted Ms. Grace Santana, Accounting Department, 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	5,500,000
The cash flow is	normal

Legal Fillings

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

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 40 people and has been in business for 19 years.

A credit line may be considered for USD 80,000

SUMMARY

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

APPENDIX

Person Interviewed
	Ms. Grace Santana
Position
	Accounting Department
Comments
	The person contacted refused to provide any kind of information on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.73
UK Pound	1	Rs.73.21
Euro	1	Rs.63.90

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.