MIRA INFORM REPORT

Report Date :

26.05.2011

IDENTIFICATION DETAILS

Name :	SUNDANCE COMPANIES INC

Registered Office :	105 W 23rd Str, Hastings, MN, 55033

Country :	United States

Date of Incorporation :	01.02.2010

Com. Reg. No.:	3695606-2

Legal Form :	Corporation for Profit

Line of Business :	Construction

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company
Payment Behaviour :	Unknown
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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: Difficult

IDENTIFICATION

Ordered as:	Sundance Companies Inc
Address in the order:	105 West 23 Street MN 55033 Hastina

Legal Name:	Sundance Companies Inc

Legal Address	105 W 23rd Str Hastings, MN, 55033

Telephone:	651-319-0082	Registration Number :	3695606-2
Fax:	651-480-3401	Legal Form:	Corporation for Profit
Email:	info@sundancecompanies.com	Registered in:	Minnesota
Website:	http://www.sundancecompanies.com	Date Created:	1979
Manager:	Mark A Reuter	Date Incorporated:	February 1, 2010
Staff:	3	Stock:	N.A.
		Value:	N.A.
Activity:	Construction

BANKS

Name of the Bank

Merchants Bank

BUSINESS

PRINCIPAL ACTIVITY
	This is a commercial general contracting company.
Products/Services description:
	It provides commercial construction jobs from the design stage through the building stage. Its license number for "Residential Building Contr" is MI20638657.
Clients:
	Companies and final consumer
Operations area:
	Local
The company does not import
The company does not export
Trade References:
	The person contacted refused to provide the names of their suppliers for us to check the trade references.
Competitors:
	Turner Construction Company PCL Construction Enterprises, Inc. J.E. Dunn Construction Group, Inc. Hensel Phelps Construction Co.
The subject employs 3 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered and single located at the above address.

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO
Management:
	Mark Reuter, President / CEO Adam Notch, President of Operations Jake Jacobsen, Project Manager / Construction Consultant

Financials - COMMERCIAL TRENDS AND FORECAST

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

Also, as it has been created one year ago, no substantial financial information is available for the moment.

For your information, the sister company NATIVE GENERAL CONTRACTING LLC, created in 2009 by the same president Mark Reuter and having 6 employees had a 2010 turnover of 950,000 USD.

Legal Fillings

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

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 low credit rate.

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

Final Opinion

The company has 1 year in the business.

It is a small sized American company, evolving in a difficult sector.

We did not find a specific adverse record against the subject.

As the company has been created one year ago, no substantial financial information is available for the moment.

We suggest working with guarantees while monitoring the evolution of the company.

SUMMARY

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

APPENDIX

Person Interviewed
	Adam Notch
Position
	President of Operations
Comments
	He refused to provide us any information on grounds of confidentiality without knowing the name of the inquiring party.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.38
UK Pound	1	Rs.73.31
Euro	1	Rs.63.70

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.