MIRA INFORM REPORT

Report Date :

23.06.2012

IDENTIFICATION DETAILS

Name :	SYMBAN LIGHTING CORP
Registered Office :	99 First Gulf Blvd., Brampton, Ontario L6W 4T8
Country :	Canada
Date of Incorporation :	08.05.1997
Legal Form :	Corporation for Profit
Line of Business :	Wholesale Lighting Systems and Equipment
No. of Employees :	22

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

Max. 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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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: USD Branch Situation:Medium

IDENTIFICATION
Legal Name:	SYMBAN LIGHTING CORP
Trade Name:	Symban Lighting
Legal Address	99 First Gulf Blvd., Brampton, Ontario L6W 4T8
Operative Address	99 First Gulf Blvd., Brampton, Ontario L6W 4T8
Telephone:	+1-905-450-5999	ID :	3398536
Fax:	+1-905-450-5999	Legal Form:	Corporation for Profit
Email:	rma@symbanlighting.com	Registered in:	Canada
Website:	http://www.symbanlighting.com	Date Created:	1997
Manager:	Themi - President	Date Incorporated:	May 08th 1997
Staff:	22	Stock:	N.A.
		Value:	N.A.
Activity:	Wholesale Lighting Systems and Equipment

BANKS
Name of the Bank	Royal Bank of Canada
BUSINESS
HISTORY
	SYMBAN LIGHTING CORP known as Symban Lighting was created in 1997
PRINCIPAL ACTIVITY
	SYMBAN LIGHTING CORP. manufactures and supplies a wide range of H.I.D. and compact fluorescent fixtures, incandescent, halogen, fluorescent, and high intensity discharge lamps, fluorescent and high intensity discharge ballasts, and electronic low voltage transformers for the world-wide market. These are available in a wide range of wattages, voltages and colours to meet all your requirements.
Products/Services description:
	The company offer the following products: Lamps Decorative Lamps, Incandescent Lamps, Reflector Lamps, PAR Lamps, Halogen Lamps, Compact Fluorescent Lamps, Linear fluorescent Lamps, Metal halide Lamps, Mercury Vapour Lamps, High Pressure Sodium Lamps, Miniature Lamps Electronic Ballasts and Transformers Compact Fluorescent Ballasts, Linear Fluorescent Ballasts, Metal Halide Ballasts, High Pressure Sodium Ballasts Fixtures LUNAR, PULSAR, SATELLITE, JUPITER, SOLAR Mini, SOLAR, SATURN
Sales are:
	Wholesale
Suppliers:
	Zhejiang Hengdian Imp. & Exp. Co., Ltd. 3rd Floor, World Trade Office Plaza, World Trade Centre Zhejiang, 122, Shuguang Road, Hangzhou, Zhejiang, China, 310 007 TDC POWER PRODUCTS CO.,LTD RM C13,5/F NO.210 SEC.3 TA TUNG RD.,SHI CHIH CITY, TAIPEI HSIEN,TAIWAN NANJING NEW-HIGH JINGWEI ELECTRIC CO.,LTDNO.28 BLDG,NANJING HIGH TECH ZONE,NANJING CHINA
Operations area:
	National, International, Local
The company imports from China, Taiwan,
The company exports to Germany, the U.K., Japan, the U.S., Mexico, Korea, Italy, China
The subject employs 22 employees
PAYMENTS
	regular
LOCATION
Headquarters
	99 First Gulf Blvd., Brampton, Ontario L6W 4T8
The property is:
	Owned
Business Overview:
	The US roofing and siding industry includes about 20,000 companies with combined annual revenue of about $30 billion. Most companies are small, local contractors, with annual revenue less than $1 million. Large commercial roofers include Tecta America and CentiMark. Commercial and residential roofing are quite different, and most companies specialize in one or the other. COMPETITIVE LANDSCAPE Demand for roofing services is closely tied to local real estate construction. This highly fragmented industry has few large companies and little repeat business. Roofing technology is relatively simple and there are no economies of scale aside from the ability to handle several projects at once. Companies compete based mainly on price. Because roofs need regular maintenance and often must be replaced every 20 years or so, roofing provides relatively steady work compared to other work that depends chiefly on new construction.

Shareholders - Manager - Related Companies
Listed at the stock exchange:
	NO
Shareholders Parent Company(ies):
	Mr. Themi Tsinoglou would be the company's main shareholder.
Management:
	Angelo - Vice President Angelo Vice President sales@symbanlighting.com Christina - General Manager Manager christina@symbanlighting.com Steve - Operations Manager Steve steve@symbanlighting.com Adrian - Warehouse Manager Adrian info@symbanlighting.com Dave - Sales Manager Dave dave@symbanlighting.com Derek - Customer Service Derek derek@symbanlighting.com Josephine - Customer Service Josephine josephine@symbanlighting.com Joy - Customer Service Joy joy@symbanlighting.com Howie - Customer Service Howie howie@symbanlighting.com Baljit - Customer Service Baljit Service baljit@symbanlighting.com Stephen - Sales Support Stephen stephen@symbanlighting.com Oma - Purchasing Assistant Oma Assistant oma@symbanlighting.com Karen - Receptionist Karen karen@symbanlighting.com Sandra - Accounts Receivable Sandra Receivable sandra@symbanlighting.com Sara - Office Administration Sara Administration sara@symbanlighting.com Natasha - Office Administration Natasha Administration natasha@symbanlighting.com
Financials - COMMERCIAL TRENDS AND FORECAST
As a private company the subject does not publish any financial statements.
We have contacted the receptionist who refused to provide us any financial data on grounds of confidentiality.
Legal Fillings
The sources consulted record no detrimental legal or labor court information.

Rating
Local credit bureau gave a Normal credit rate. The company is in Good Standing. This means that all local and federal taxes were paid on due date.
Final Opinion
	SYMBAN LIGHTING CORP known also as Symban Lighting has 15 years of experience in the market as light systems and equipment wholesaler, from their only location in Canada. This company imports some of their prime materials as well as export to some other countries the final products. We also found that the company had to recall some of their products for quality and announced that the consumers should stop using recalled products immediately (16 May 2012). After our research we did not find legal record against the company and based on the data collected we believe a credit line could be considered for USD 40,000

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

APPENDIX
Person Interviewed
	The receptionist
Comments
	She indicated us at the company was not any person to answer our questions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.99
UK Pound	1	Rs.88.97
Euro	1	Rs.71.57

INFORMATION DETAILS

Report Prepared by :

PRL

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.