MIRA INFORM REPORT

Report Date :

14.01.2012

IDENTIFICATION DETAILS

Name :	BUILD CANADA (MIKFA) INC

Registered Office :	25 Eastdale Cres, Richmond Hill, ON L4B 3E4

Country :	Canada

Year of Establishment :	1997

Com. Reg. No.:	Not Available

Legal Form :	Corporation for Profit

Line of Business :	Teak Wood Logs

No. of Employees :	20

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 :	USD 40,000

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Canada

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: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Legal Name:	Build Canada (Mikfa) Inc

Legal Address	25 Eastdale Cres Richmond Hill, ON L4B 3E4 Canada
Operative Address	25 Eastdale Cres Richmond Hill, ON L4B 3E4 Canada
Telephone:	+1 (905) 889-4772	Registration Number :	N.A.
Fax:	+1 (905) 889 1937	Legal Form:	Corporation for Profit
Email:	N.A.	Registered in:	ONTARIO
Website:	http://buildcanadamikfa.en.gongchang.com/	Date Created:	1997
Manager:	Tehsin Miller - President	Date Incorporated:	N.A.
Staff:	20	Stock:	N.A.
		Value:	N.A.
Activity:	Teak wood logs

BANKS

Name of the Bank

HSBC

BUSINESS

HISTORY
	The company was created in 1997
PRINCIPAL ACTIVITY
	Build Canada (Mikfa)Inc is dealing with in Teak wood logs. The company know how to handle the teak wood form. The company has an important presence in Costa Rica and Panama
Products/Services description:
	Teak Wood Round Logs Nd Roughed Squared
Sales are:
	Wholesale
The company imports from COSTA RICA and PANAMA
PAYMENTS
	regular
LOCATION
Headquarters
	25 Eastdale Cres Richmond Hill, ON L4B 3E4 Canada

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	This is a private company. The main shareholder would be Tehsin Miller
Management:
	Tehsin Miller - President Nurmeen Miller - Vice President
Related Companies:
	The company has structures related in Costa Rica and Panama

Financials - COMMERCIAL TRENDS AND FORECAST

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

We have contacted the company, who refused to provide us any financial data without knowing the name of the inquiring party.

However our financial sources could provide us with the following data.

Those figures are estimates provided by confidential banking and financial institutions working with the company.

Comments on the financial data:

The company operates with a range of revenue of between US$1 Million - US$2.5 Million

Legal Fillings

The sources consulted record no detrimental legal or labor court information.

Rating

Local credit bureau gave a correct credit rate.

Final Opinion

The company has a stable business.

It has fluent relation with foreign markets in Central America.

The financial data show a positive commercial trend.

A credit line may be considered for USD 40,000

SUMMARY

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

APPENDIX

Comments
	The company refuses to give us any information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.43
UK Pound	1	Rs.79.10
Euro	1	Rs.66.17

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.