MIRA INFORM REPORT

Report Date :

17.08.2012

IDENTIFICATION DETAILS

Name :	BARDWIL INDUSTRIES INC
Registered Office :	777 Terrace Avenue Suite 507, Hasbrouck Heights 07064
Country :	United States of America
Date of Incorporation :	20.07.1972
Com. Reg. No.:	249706
Legal Form :	Corporation
line of business :	Providing Table Clothes, Napkins (Fabric, and Non Woven), House Hold Furnishings
No. of Employees :	285

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
United States of America	A1	A1

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

Company Name & Contact Details

Verified
Company Name:	Bardwil Industries Inc
Address:	777 Terrace Avenue Suite 507
City:	Hasbrouck Heights
State/province:	NJ
Zip/postal code:	07064
Country:	United States of America
Telephone:	+1 (201) 333 - 0112
Fax:
Website:
Remarks:	Headquarters are Locted at 1071 6^th Avenue Floor 4, New York, NY, 10018 Tel 212 944 1870 This Branch is a Domestic Housewares Store
Credit Observation Current Credit Observation: Thers is no Immediate Risk in doing Business with this company Analysis Very Well Established Positive Payment Trend Vendors Report Good Dealing With Subject Buying Volumes are Steady and High No of Employees Suggests Low Risk No Derogatory Items on Record
Company History / Operations
Capital Stock:	100% by Officers
Business Structure:	Corporation
How Listed: Business Started:	Private Company 1906
Management Control:	1906
Line of Business:	Providing Table Clothes, Napkins (Fabric, and Non Woven), House Hold Furnishings
Territory: Sales Terms: Premises: Branches:	USA Net 30 Rents Premises
Affiliations / Subsidiaries:
Company Registration & Status
Date Registered:		July 20 1972
Legal form:		Corporation
Registration no:		249706
Jurisdiction		New York
Registry status:		Active
Comments:		Company is Registered in New Jersey as a Foreign Corporation in July 1981. Rgistration No is 0100146044. Status is Active

Company Management/Officers

No of Employees:	285
Name & Title:	George Bardwil , President
Name & Title:
Name & Title:
Name & Title:
Name & Title:
Name & Title:

Legal Findings

Suits:	None
Court Judgements:	None
NSF Reported:	None
Liens / Collection:	One in 2001
Security Filings:	21 UCC Filings exist for leased equipment and assets. These secured creditors would take precedence in the unlikely event of asset liquidation.

Trade Payment Experience

Date Reported July 2012 High Credit : 10000 Now Owing : Zero Terms : Net 30 Days Past Due 1-30 days – Zero Past Due 31-60 days – Zero Past Due 61-90 days – Zero Payments Made: As Agreed Date Reported July 2012 High Credit : 2500 Now Owing : 500 Terms : Net 30 Days Past Due 1-30 days – Zero Past Due 31-60 days – Zero Past Due 61-90 days – Zero Payments Made: As Agreed Date Reported July 2012 High Credit : 5000 Now Owing : Zero Terms : Net 30 Days Past Due 1-30 days – Zero Past Due 31-60 days – Zero Past Due 61-90 days – Zero Payments Made: As Agreed Date Reported June 2012 High Credit : 2500 Now Owing : Zero Terms : Net 30 Days Past Due 1-30 days – Zero Past Due 31-60 days – Zero Past Due 61-90 days – Zero Payments Made: As Agreed

Payment Behaviour:

Business Demonstrates Positive Payment Trend

Financial Information

FINANCIAL ACCOUNTS
Description
Required to file:	No
Source:
Comments	Private Companies are not required to Publish Financial Statements

Notes & Comments

INVESTIGATIVE NOTES
Sources:	Public Court Payment Exchange Data Bases Business Registries References & Vendors.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.99
UK Pound	1	Rs.87.55
Euro	1	Rs.68.69

INFORMATION DETAILS

Report Prepared by :

SDA

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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