MIRA INFORM REPORT

Report Date :

05.05.2007

IDENTIFICATION DETAILS

Name :	IMPORTADORA Y EXPORTADORA LOS LIDERES LIMITADA

Registered Office :	Manzana 11 Galpón 4 - Zofri Iquique I Region De Tarapacá

Country :	Chile

Date of Incorporation :	02.12.2002

Legal Form :	Limited Liability Partnership

Line of Business :	Importer, exporter and trader of fabrics and towels.

No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

26-40

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 – March 31, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Chile

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

IDENTIFICATION

T A X: 77.988.070-2

IMPORTADORA Y EXPORTADORA LOS LIDERES LIMITADA

( IMPORT EXPORT LOS LIDERES LTDA. )

Manzana 11 Galpón 4 - Zofri Iquique I Region De Tarapacá CHILE

Telephone : 56-57-390931

Fax : 56-57-417855

E_Mail : loslideres@tie.cl

SUMMARY

Started : 2002

Total Employees : 6

Payments : Prompt

Capital : 000's$ 16.000.-

Sic(s) : 5131 - 5719

Line of Business : Importer, exporter and trader of fabrics and towels.

EVALUATION

Interpretation at the end of the report.

Financial indicators

Financial statements could not be obtained, thus financial analysis cannot be carried out

COMMERCIAL INFORMATION

Commercial Bulletin : As at 03/05/2012 subject does not register protested checks, bank drafts nor promissory notes in the commercial information bulletin

Labor Bulletin : As at 03/05/2012 does not register labor infringements

Previsional Bulletin : As at 03/05/2012 does not register pension fund's infringements

Consolidated delinquency : As at 03/05/2012, subject does not register any delinquent bill

TRADE REFERENCES

Do not trade with domestic suppliers

During the last 6 months, the account holder credit history shows 6 credit review inquiries requested by telecommunications and consulting companies.

The account holder credit report reflects no delinquent payment history, no protests, and no social security and/or work infringements as of the date of this report.

AVERAGE PAYMENTS IN CHILE

International Risk and Payment Review reported in June 2011

The local delays in payment average 0-1 month.

BANKS

Subject operates with the following banks:

- Banco de Chile, branch Iquique

- Banco de Credito e Inversiones, branch Iquique

- Banco Santander Chile, branch Iquique.

OPERATIONS

Line of Business : Importer, exporter and trader of fabrics and towels.

Classification according to commercial activity:

Sic: 5131-0000 Piece goods and notions

-0104 Coated fabrics

Sic: 5719-0000 Miscellaneous homefurnishings stores

-9907 Towels

Subject is considered as a small company in this line of business, strong competition

Sales

Sales are steady throughout the year

90% wholesalers

10% retailers

National and international sales territory

Products are sold

National: 2%.

Sales conditions: 70% cash, 30% credit.

International: 98%.

Sales conditions: 70% cash, 30% with collection to 120 days.

Exports to Peru, Bolivia and Paraguay (Direct exports, not registered at National Customs Service).

Customers

Main customers are: Wholesale.

Purchases

Places orders with multiple suppliers

International: 100%

Purchase conditions: 100% letter of credit.

Imports from China, Pakistan and India (Direct imports, not registered at National Customs Service).

Employees: 6 employees

Location

- Headquarters located at Manzana 11 Galpón 4 - Zofri Iquique, Chile, commercial area, street of busy traffic, construction in good conditions

Branches

Subject does not have any branch

RELATED COMPANIES

Subject does not have any related company.

FIXED ASSETS

Real estates

Subject does not register real estates

Vehicles

Owns vehicle for the company's use

1 car

.
Machinery & Instalations

Own equipment

- Sales room and warehouses

INSURANCES

Insurance Company:

-Penta Security S.A.

ADMINISTRATION

General Mgr. & Partner : Anil Mahadev Sewani

Accountant : Hugo Godoy

LEGAL INFORMATION

Legal Structure : Limited Liability Partnership

Constitution date : 02/12/2002

Notary : Néstor Araya Blazina, Iquique

Term of duration : 5 Year automatically renewable for equal and successive periods

Legal Address : Iquique - Chile

Published in : Official Gazette dated 17/12/2002 page Nº 32

Current Social Capital : 000's$ 16.000.-

Social Initial Capital : 000's$ 16.000.-

Partner : 2

- 98,00% Mahek Anil Sewani

- 2,00% Anil Mahadev Sewani

Administration is held by General Manager.

Legal changes

Public Deed dated 21/07/2003, notary Néstor Araya Blazina, Iquique, published in the Official Gazette dated 18/08/2003 page N° 61, deed was rectified corrected constitution deed. Inscription at Trade Register within legal terms has not been carried out. According to law 19.499, have corrected flaw that required corresponding inscription and publication.

INFORMATION SOURCES

On 15/02/2012 Mr. Anil Mahadev Sewani, General Mgr. & Partner, declined financial figures, however, Submitted the data shown in this report.

-Other outside information sources.

Exchange rate

-As at 25/04/2012 $487,15 Per US$

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.72
UK Pound	1	Rs.86.98
Euro	1	Rs.70.69

INFORMATION DETAILS

Report Prepared by :

SHG

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.