MIRA INFORM REPORT

Report Date :

10.11.2012

IDENTIFICATION DETAILS

Name :	KOUPER-FKS INDUSTRIES INC.
Formerly Known As :	FOR KIDS SAKE FASHIONS INC
Registered Office :	150 Boulevard Marcel-Laurin, Montreal, Quebec H4P 2J5
Country :	Canada
Year of Establishment :	1971
Legal Form :	Corporation – Profit
Line of Business :	Subject is an apparel manufacturing company that specializes in volume-based private label programs
No. of Employees :	10 + part time

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

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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
Canada	A1	A1

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

Company name & address

Company name: KOUPER-FKS INDUSTRIES INC. (in English)

INDUSTRIES KOUPER-FKS INC. (in French)

Address: 150 Boulevard Marcel-Laurin, Montreal, Quebec H4P 2J5 –

Canada

Telephone: +1 514-383-9090

Fax: +1 514-383-6289

Website: www.kouperfks.com

Company summary

Corporate ID#: 3263100

State: Federal

Judicial form: Corporation – Profit

Date incorporated: 05-27-1996

Date founded: 1971

Stock: -

Value: -

Name of manager: Gina KOURI

ACTIVITIES & OPERATIONS

History:

On May 2, 2011, name changed from FOR KIDS SAKE FASHIONS INC. (in English)

LES MODES FOR KIDS SALE LTEE (in French).

IST

Business:

Kouper FKS Industries is an apparel manufacturing company that specializes in volume-based private label programs.

The Company is working with production facilities in Canada, China, India and Bangladesh.

Sells to major department stores including Walmart, Kmart, Saks Fifth Avenue,

Macy’s, Mexx…

No name of suppliers available.

CAE: 5999

Staff: 10 + part time

Operations & branches:

At the headquarters, we find the corporate office and warehouse, on lease.

SHAREHOLDERS & MANAGERS

Shareholders:

1^st shareholder:

Gina KOURI

2^nd shareholder:

Rodney KOURI

3^rd shareholder:

Sam SHAPIRO

Management:

Gina KOURI, President

Sam SHAPIRO, Secretary

As far as we know, they are not involved in other local corporations.

Subsidiaries And partnership:

None

FINANCIALS

In Canada, privately held corporations are not required to publish any financials.

On a direct call, nobody was available to answer our questions.

We sent a fax but no answer received at this time.

However, sales estimate for year 2011 is in the range of CAD 2,200,000=

The business is said to be profitable.

Banks: HSBC

5100 Sherbrooke East, Suite 100, Montreal, Quebec H1V 3R9

LEGAL FILINGS

Legal filings & complaints:

As of today date, there is no legal filing pending with the Courts.

Secured debts summary: None

COMPANY CREDIT HISTORY

Trade references:

Date reported: October 2012

High credit: CAD 3,000

Now owing: 0

Past due: 0

Last purchase: September 2012

Line of business: Office supply

Paying status: On terms

Date reported: October 2012

High credit: USD 25,000+

Now owing: 0

Past due: 0

Last purchase: September 2012

Line of business: Payroll

Paying status: As agreed

Date reported: October 2012

High credit: USD 800

Now owing: 0

Past due: 0

Last purchase: September 2012

Line of business: Telecommunications

Paying status: On terms

Domestic credit history:

Domestic credit history appears as follow:

Monthly Payment Trends - Recent Activity

Date	Balance	Current	Up to 30 DBT	31-60 DBT	61-90 DBT	>90 DBT
04/12	$5,200	100%	0%	0%	0%	0%
05/12	$5,500	100%	0%	0%	0%	0%
06/12	$5,600	100%	0%	0%	0%	0%
07/12	$5,400	100%	0%	0%	0%	0%
08/12	$5,100	100%	0%	0%	0%	0%
09/12	$5,300	100%	0%	0%	0%	0%

National Credit Bureaus gave a correct credit rating.

According to our credit analysts, during the last 6 months, payments are made on terms.

International credit history:

Payments of imports are currently made on terms.

Other comments:

The Company maintains a regular business.

The bank confirmed a regular account.

The Company is in good standing.

This means that all local and federal taxes were paid on due date.

Last report was filed on April 7, 2011.

The risk is low.

Our opinion:

A business connection may be conducted.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.34
UK Pound	1	Rs.86.97
Euro	1	Rs.69.43

INFORMATION DETAILS

Report Prepared by :

MNL

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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