MIRA INFORM REPORT

Report Date :

28.05.2011

IDENTIFICATION DETAILS

Name :	MILESTONE CLOTHING RESOURCES LLC

Registered Office :	16192 Coastal Highway, Lewes Sussex De 19958

Country :	United States

Date of Incorporation :	23.01.2008

Legal Form :	Limited Liability Company

Line of Business :	Apparel Wholesaler.

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 50,000

Status :	Small Company

Payment Behaviour :	No Complaints

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

GEOPOLITICS-UNITED STATES

POLITICAL DATA		ECONOMIC DATA
Form of Government	Federal	Currency	USD
Economic Risk	Nil	Branch Situation	Stable

IDENTIFICATION

Ordered as:

Milestone Clothing Resources LLC

Address in the order:

644, Saint Vincent Irvine CA92618

Comments on data supplied:

Dear client: After contacting the manager, we have learned that the address you provided is that of a non incorporated business unit. In fact this is just a branch of the main company located in 3747 76th Street Flushing, NY 11372 that is why we proceed on making the report under that address.

Legal Name:

Milestone Clothing Resources LLC

Legal Address:

16192 COASTAL HIGHWAY, LEWES SUSSEX DE 19958 (Register agent)


Operative Address:	3747 76th Street Flushing, NY 11372

Telephone:

+1 (718) 205-1234/+1 (646) 431-2440

ID:

4493661

Fax:

N/A

Legal Form:

Limited Liability Company

Email:

N/A

Registerd In:

Delaware

Website:

N/A

Date Created:

2008

Manager:

Pradit Paul, manager

Date Incorporated

January, 23th 2008

Staff:

8 (At group level)

Stock:

N/A

Value:

N/A

Activity:

Apparel wholesaler.

BANKS

Name of the Bank

Wells Fargo Bank

BUSINESS

HISTORY:
	This company was created in the year 2008.
PRINCIPAL ACTIVITY:
	The company operates as a apparel importer and wholesaler.
Products/Services description:
	Women's apparel Men's apparel Boy's apparel
Sales are:
	Wholesale
Clients:
	Various industries
Operations area:
	National, InterNational, Local

The company imports from Worldwide.
The company export to Worldwide.
Comments on staff:
	The company has 8 employees at group level. And 4 employees per location
Payments :
	regular
LOCATION :

Headquarters:
	This company is headquartered at 3747 76th Street Flushing, NY 11372.
Comments on location:
	The company is incorporated in Delaware for tax purposes. However it is headquartered in New York.
Branches:
	The company has another branch located in: 644, Saint Vincent Irvine CA92618

Shareholders - Manager - Related Companies


Shareholders Parent Company(ies):
	This is a privately held company. Despite our long searches it has not been possible to identify the shareholders.
Management:
	Pradit Paul, manager

Financials - COMMERCIAL TRENDS AND FORECAST

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

We've contacted Pradit Paul, manager who kindly provided us with relevant information about the company , and also provided us with the following data:

Currency	DATE
USD	2010
Turnover	4,000,000

legal fillings

There are no UCC** files 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 medium sized company with 8 employees at group level and 3 years of experience.

There were on legal filings found against the company or its legal representatives.

The manager Kindly provided us with most of the information showed on this report.

The company gave a correct profitability for the year 2010.

A credit line may be considered for USD 50,000

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	CORRECT	Public Records	NO
		Payments	REGULAR

APPENDIX

Person Interviewed:

Pradit Paul

Position:

Manager

Comments:

We've contacted him through his cellphone, and he provided us with most of the information showed on this report.

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.29
UK Pound	1	Rs.73.84
Euro	1	Rs.64.18

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.