MIRA INFORM REPORT

Report Date :

18.05.2011

IDENTIFICATION DETAILS

Name :	CYMRU TRADING, INC.

Registered Office :	101 Kalmus, Costa Mesa Ca 92626

Country :	United States

Date of Incorporation :	11.06.1980

Com. Reg. No.:	C0960925

Legal Form :	Corporation for Profit

Line of Business :	Commercialization of rugs, carpets and floor coverings

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 20,000.
Status :	Small Company
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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Cymru Trading Inc
Address in the order:	DBA HArts Rugs & Carpets 101 Kalmus Sr. Costa Mesa

Legal Name:	CYMRU TRADING, INC.
Trade Name:	Hart s Rugs and Carpets
Legal Address	101 KALMUS COSTA MESA CA 92626 USA
Operative Address	101 KALMUS COSTA MESA CA 92626 USA
Telephone:	(714) 434-8440	Registration Number :	C0960925
Fax:	(714) 434-8347	Legal Form:	Corporation for Profit
Email:	-	Registered in:	California
Website:	www.hartsrugs.com	Date Created:	1978
Manager:	PHILLIP HART - Manager	Date Incorporated:	June 11, 1980
Staff:	15	Stock:	N.A.
		Value:	N.A.
Activity:	Commercialization of rugs, carpets and floor coverings

BANKS

Name of the Bank	1ST ENTERPRISE BANK
Location	818 W 7TH ST STE 220 LOS ANGELES CA 90017

BUSINESS

HISTORY
	The company was created in 1978 by Mark and Phillip Hart.
PRINCIPAL ACTIVITY
	It operates as a designer showroom and purveyor of mid range to high end area rugs, carpeting and floor coverings
Products/Services description:
	The showroom displays over 2,000 rugs, representing over $6,000,000 of inventory. It also has carpets, hard floor coverings,
Sales are:
	Wholesale, Retail
Operations area:
	National
The company imports from India, Pakistan, Nepal
The company does not export
The subject employs 15 employee(s)
PAYMENTS
	made on a 30 days basis - monitored over the last 12 months
LOCATION
Headquarters
	101 KALMUS COSTA MESA CA 92626
Surface area:
	7,200 sq. ft
The property is:
	Owned
Branches:
	The company does not have any branches.

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	Philip and Mark Hart are the owners.
Management:
	Philip Hart - President Mark Hart - Vice President
Related Companies:
	Subsidiary: Hereford Import, Inc.

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted Christian, Sales, who refused to provide us any financial data on grounds of confidentiality.

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	2,400,000

Legal Fillings

There are some UCC** files listed with the Secretary of State of California.

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

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

Final Opinion

The subject has 33 years experience in the business.

it is a small size, well established, family owned company.

No adverse record has been found.

A credit line may be considered for USD 20,000.

SUMMARY

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

APPENDIX

Person Interviewed
	Christian
Position
	Sales
Comments
	He confirmed all the information in this report, but refused to provide any financial data.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.07
UK Pound	1	Rs.63.57
Euro	1	Rs.72.97

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.