MIRA INFORM REPORT

Report Date :

05.01.2012

IDENTIFICATION DETAILS

Correct Name :	BIJAN RUGS LLC

Registered Office :	3010 W Anderson Ln #1, Austin, TX 78757, USA.

Country :	United States

Date of Incorporation :	29.03.2007

Legal Form :	Limited Liability Company

Line of Business :	Rug importers and dealers

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Moderate

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

United States

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

GEOPOLITICS

POLITICAL DATA

ECONOMIC DATA

Form of Government

GOVERNMENT

Federal

Currency

USD

Economic Risk

Nil

Branch Situation

Stable

IDENTIFICATION

Legal Name:

BIJAN RUGS LLC

Trade Name:

Bijan Rugs

Legal Address:

3010 W Anderson Ln #1, Austin, TX 78757, USA.
Operative Address:	3010 W Anderson Ln #1, Austin, TX 78757, USA. (Not Verified)

Telephone:

+1 (512) 302 9191

ID:

0800794537

Fax:

+1 (512) 302 9898

Legal Form:

Limited Liability Company

Email:

bijanrug@yahoo.com

Registerd In:

Texas

Website:

www.rugsbybijan.com

Date Created:

Manager:

Date Incorporated

March 29th. 2007

Staff:

Stock:

Value:

Activity:

Rug importers and dealers.

BUSINESS

HISTORY:
	The business of the company started four generations ago in Iran as a wholesale rug dealer. They opened their first location in the US in San Antonio and quickly expanded to Austin, Lafayette, and Baton Rouge.
PRINCIPAL ACTIVITY:
	Rug importers and dealers. The company also has its own looms in India.
Products/Services description:
	Dear client, Your order was on: BRC Corporation DBA Bijan Exclusive Oriental Rugs, 3010 West Anderson Lane, Suite-1, Austin, Texas 78757 USA Phone: +1 (512) 302 9191 We have tried to reach the subjects as provided: BRC Corporation DBA and Bijan Exclusive Oriental Rugs, but none of them have any legal entity nor current business. There is no mention in yellow pages, neither in the Secretary of State of Texas. The address and the number provided is that of Bijan Rugs LLC. (www.rugsbybijan.com). We have contacted the company and the male representative that reached our call verified that the company's legal name would be "Bijan Rugs LLC." The report was done on this company. Our searches in local yellow pages led us to no positive results as regards detailed and reliable information on Bijan Rugs LLC. Moreover, the person contacted refused to provide any information. When looking for the legal name provided by the person interviewed, we found out another possible related address: 17390 Preston Road # 275, Dallas, TX 75252, USA. This address could not be checked with this male representative. As regards the company’s activities: The subject has over 50,000 rugs in stock. They work with antiques, contemporary, transitional, and traditional collections in all sizes and colors. They also provide its clients with any size or customized design according their specifications. The company also offer the following services related to rugs: Appraisal. Cleaning. Repair. Padding.
Sales are:
	Wholesale,Retail
Operations area:
	National,Local

The company imports from Worldwide, depending on demand..



Payments :
	regular
LOCATION :

Headquarters:
	3010 W Anderson Ln #1, Austin, TX 78757, USA. (Not verified)
Branches:
	The company has opened locations among its history in: San Antonio, Lafayette and Baton Rouge. It is about to open a new location at: 2901 W Anderson Ln, Austin, TX 78757, USA.

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	NO

Shareholders Parent Company(ies):
	This is a family owned and operated company.
Management:
	We could not check this information with the company.

Financials - COMMERCIAL TRENDS AND FORECAST

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

legal fillings

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

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 seems to be in expansion since it was created.

According to its huge variety of products and services, it should have a significant penetration in the market.

As having its own looms located at India, the company is backwards integrated, and would be able to continue operating although any of its international suppliers decide to stop doing business with it.

No legal filings were found against the subject.

We could not find any reliable financials for the subject, and the company did not want to cooperate.

We suggest working with guarantees.

SUMMARY

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

APPENDIX

Person Interviewed:


	Male representative.
Comments:
	We have contacted this person many times and he kept on saying that he was very busy with clients, and he did not have time to answer our questions. He just confirmed that the company legal name is "Bijan Rugs LLC".

Standard & Poor’s

United States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative

Publication date: 05-Aug-2011 20:13:14 EST

· We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.

· We have also removed both the short- and long-term ratings from CreditWatch negative.

· The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.

· More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

· Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.

· The outlook on the long-term rating is negative. We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

TORONTO (Standard & Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it lowered its long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the long-term rating is negative. At the same time, Standard & Poor's affirmed its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's removed both ratings from CreditWatch, where they were placed on July 14, 2011, with negative implications.

The transfer and convertibility (T&C) assessment of the U.S.--our assessment of the likelihood of official interference in the ability of U.S.-based public- and private-sector issuers to secure foreign exchange for

debt service--remains 'AAA'.

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.

Our lowering of the rating was prompted by our view on the rising public debt burden and our perception of greater policymaking uncertainty, consistent with our criteria (see "Sovereign Government Rating Methodology and Assumptions ," June 30, 2011, especially Paragraphs 36-41). Nevertheless, we view the U.S. federal government's other economic, external, and monetary credit attributes, which form the basis for the sovereign rating, as broadly unchanged.

We have taken the ratings off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment of 2011 has removed any perceived immediate threat of payment default posed by del