MIRA INFORM REPORT

Report Date :

28.05.2011

IDENTIFICATION DETAILS

Name :	BECKNELL WHOLESALE I, LP

Registered Office :	P O Box 2008, Lubbock, TX 79408-2008

Country :	United States

Date of Incorporation :	27.06.2000

Legal Form :	Limited Partnership

Line of Business :	Farm and Garden Machinery and Equipment Merchant Wholesalers

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 :	50,000 USD.
Status :	Satisfactory
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 – 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: Stable

IDENTIFICATION

Ordered as:	Beckknell Wholealeco
Address in the order:	4930 Olson Dr Suite 100, Dallas Texas 75227

Legal Name:	BECKNELL WHOLESALE I, LP
Trade Name:	BECKNELL WHOLESALE
Legal Address	PO BOX 2008 Lubbock, TX 79408-2008, USA
Operative Address	504 E 44th Street, Lubbock, TX 79404-3422, USA
Telephone:	+ 1 (214) 388-2487	Tax ID number :	0013654510
Fax:	+ 1 (214) 338-2489	Legal Form:	Limited Partnership
Email:	becknell@becknell.com	Registered in:	Texas
Website:	http://www.becknell.com	Date Created:	1951
Manager:	Eugene Becknell, President.	Date Incorporated:	June 27, 2000
Staff:	11 employees in Texas and around 50 in Lubbock	Stock:	NA
		Value:	NA
Activity:	Farm and Garden Machinery and Equipment Merchant Wholesalers

BANKS

Name of the Bank

Bank of America

BUSINESS

PRINCIPAL ACTIVITY
	Becknell Wholesale currently employs 50 people in Lubbock, including 13 field sales representatives. Another 11 people are employed at the Dallas location. We called and email the company. We spoke with Ron Chandler. He requested the name of the final inquiring party to cooperate.
Sales are:
	Wholesale
Operations area:
	National, International
Trade References:
	We were not able to confirm the trade references with the staff.
The subject employs 11 employee(s)
PAYMENTS
	made on a 30 days basis - monitored over the last 12 months
LOCATION
Headquarters
	Becknell Wholesale opened a new branch operation in 1988 in Dallas, with warehouse and office space totaling 24,000 sq. ft The company has a wharehoue at the following address: Dallas Warehouse 4930 Olson Dr Ste 100, Dallas, TX 75227, USA Local 214-388-2487 Fax 214-338-2489 USA Watts 800-458-9389 Fax Watts 800-886-9389

Shareholders - Manager - Related Companies

Capital:
	Is a family owned company, Becknell family.
Shareholders Parent Company(ies):
	Eugene Becknell, President. Ron Chandler, Officer.

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.
However our financial sources could provide us with the following data (estimates regarding Dallas location):

Currency	DATE
USD	2010
Turnover	3,400,000
Operating Income	155,000
Net Income	89,000
Net worth	700,000
Liabilities	30,000
The cash flow is	Normal

Currency	DATE
USD	2008
Turnover	2,94 M
Net Income	17 000
Liabilities	50 000
The cash flow is	Normal

Comments on the financial data: As a private company, the subject does not publish any financial statements.

However, our financial sources could provide us with the following figures:

Legal Fillings

There are no active UCC files listed with the Secretary of State of Texas.

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 family owned company, with several years of experience.

The company presets correct income.

It status is as of now active with the secretary of state.

The length of payment appears to be correct.

We would suggest a maximum credit line in the range of 50,000 USD.

A business connection can be granted.

SUMMARY

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.21
UK Pound	1	Rs.74.31
Euro	1	Rs.64.40

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.