MIRA INFORM REPORT

Report Date :

21.01.2012

IDENTIFICATION DETAILS

Name :	AARTI IMPEX INC.
Registered Office :	11 Eagle Plains Dr, Brampton, ON L6R 3M6
Country :	Canada
Year of Establishment :	2006 (not verified)
Legal Form :	Corporation for Profit
Line of Business :	Exporter of textile products.
No. of Employees :	4

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

Maximum Credit Limit :	USD 80,000
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, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Canada	A1	A1

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

GEOPOLITICS – CANADA
POLITICAL DATA	ECONOMIC DATA
Form of Government: Federal Economic Risk: Nil	Currency: 100.00 CAD = 98.6019 USD Branch Situation: Stable

IDENTIFICATION
Legal Name:	Aarti Impex Inc.
Legal Address	11 Eagle Plains Dr, Brampton, ON L6R 3M6, Canada.
Operative Address	11 Eagle Plains Dr, Brampton, ON L6R 3M6, Canada.
Telephone:	+1 (905) 799 1973	ID :	NA
Fax:	+1 (647) 438 4749	Legal Form:	Corporation for Profit
Email:	sandeep@aartiimpex.info	Registered in:	Canada
Website:	www.aartiimpex.info	Date Created:	2006 (not verified)
Manager:	Sandeep Gupta, President.	Date Incorporated:	NA
Staff:	4	Stock:	NA
		Value:	NA
Activity:	Exporter of textile products.

BANKS
Name of the Bank	Royal Bank of Canada
Name of the Bank	Scotia Bank
BUSINESS
HISTORY
	The company would ha been founded in 2006.
PRINCIPAL ACTIVITY
	The subject offers all types of Yarns to cater the need of all types of knitting and weaving units.
Products/Services description:
	Its products are divided in: Yarns. Fabrics. Dyes and Textile Chemicals.
Sales are:
	Wholesale
Suppliers:
	Ginni International, India Vardhman textiles limited, India
Operations area:
	National, International
The company imports from Asia.
The company export to Colombia, Peru, Venezuela and Dominican Republic.
The subject employs 4 employee(s)
Comments on staff:
	This information was verified by the company.
PAYMENTS
	made on a 30-45 days basis - monitored over the last 12 months
LOCATION
Headquarters
	The company is headquartered at: 11 Eagle Plains Dr, Brampton, ON L6R 3M6, Canada.
Branches:
	The company has branch offices in: India. Bolivia. Colombia.

Shareholders - Manager - Related Companies
Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	The company is owned by the Gupta Family.
Management:
	The management structure of the company is integrated by: Sandeep Gupta, President. Puja Gupta, Vice President.

Financials - COMMERCIAL TRENDS AND FORECAST
As a private company the subject does not publish any financial statements.
We have contacted Sandeep Gupta, President of the company, who provided us with the following data:
Currency	DATE
USD	2011
Turnover	Over 4,000,000
The cash flow is	Normal

Currency	DATE
USD	2010
Turnover	Over 3,000,000
The cash flow is	Normal

Legal Fillings

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

Rating
Local credit bureau gave a Correct credit rate.
Final Opinion
	This small sized company would almost have 6 years of experience in its industry. Although it is a quite new company, during its history has managed to enter many markets around the world, and gaining an interesting reputation. Operations seems to be increasing its level according to the 2010 and 2011 annual revenues evolution. The company is becoming to be established in the market. No legal filings were found against the subject. A credit line may be considered for USD 80,000.-

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

APPENDIX
Person Interviewed
	Female Representative.
Comments
	She said she did not remember the creation date of the company. She checked us the following information: Management Structure. Sharholders. For the rest of the information she asked us to send her an e-mail. We received their answer with the following data: Payment Terms. Estimated Annual Revenues. Suppliers. Staff. Imports & Exports. Banks.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.33
UK Pound	1	Rs.77.97
Euro	1	Rs.64.31

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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