MIRA INFORM REPORT

Report Date :

28.11.2012

IDENTIFICATION DETAILS

Name :	METRIX CO.
Registered Office :	4400 Chavenelle Road, Dubuque, IA 52002
Country :	United States
Date of Incorporation :	1964
Legal Form :	Corporation – Profit
Line of Business :	Manufacturer of medical devices.
No. of Employees :	115

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 (31.03.2011)	Current Rating (30.06.2012)
United States	A1	A1

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

United States - ECONOMIC OVERVIEW

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $48,100. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices increased another 50% between 2006 and 2008. In 2008, soaring oil prices threatened inflation and caused a deterioration in the US merchandise trade deficit, which peaked at $840 billion. In 2009, with the global recession deepening, oil prices dropped 40% and the US trade deficit shrank, as US domestic demand declined, but in 2011 the trade deficit ramped back up to $803 billion, as oil prices climbed once more. The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP; total government revenues from taxes and other sources are lower, as a percentage of GDP, than that of most other developed countries. The wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the US budget deficit and public debt - through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform bill that will extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. Long-term problems include inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, sizable current account and budget deficits - including significant budget shortages for state governments - energy shortages, and stagnation of wages for lower-income families.

Source : CIA

Company name

METRIX CO.

Address

4400 Chavenelle Road, Dubuque, IA 52002 - USA

Telephone: +1 563-556-8800

Fax: +1 563-556-4704

Website: www.metrixco.com

Corporate ID#: 27563

State: Iowa

Judicial form: Corporation – Profit

Date incorporated: 05-24-1979

Date founded: 1964

Stock: 500,000 shares common, voting

4,500,000 shares common, non voting

Value: No par value

Name of manager: Daniel SCHOEN

ACTIVITIES & OPERATIONS

IST

Business:

The Metrix Company is a full-service custom manufacturer of medical devices. Based out of Dubuque, Iowa, the Company manufactures both in the United States and the Dominican Republic and supply to a world-wide market.

Suppliers include:

CRISTALERIA PELDAR S.A.
Calle 39 Sur no. 48-180 Medellin Colombia

EIN: -

Staff: 115

Operations & branches

At the headquarters, we find a factory, warehouse and office, on

43,000 sq. ft. owned.

The Company maintains another factory located in

Parque Industrial Itabo

Haina, San Cristobal

Dominican Republic

SHAREHOLDERS & MANAGERS

Shareholders:

This is a SCHOEN family company.

Management:

Daniel SCHOEN is the President, Director and CEO

Graduate from the University of Iowa in 1985 with a B.A. in Communication.

John SCHOEN is Treasurer and Director.

Fuerste DONNELLE is Secretary and Treasurer.

Other Directors include Jeff MOOTS, John O’CONNOR and J. Andrew SCHOEN.

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

Subsidiaries

And partnership: None

FINANCIALS

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

On a direct call, a financial assistant controlled the present report.

Sales declared for year 2011 is in the range of USD 16,500,000= with a net profit of USD 800,000=

The business is said to be regular.

Banks: Dubuque Bank & Trust

555 John F Kennedy Road, Dubuque, IA 52002

Phone: (563) 589-2150

LEGAL FILINGS

Legal filings & complaints:

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

Secured debts summary (UCC): None

Haut du formulaire

COMPANY CREDIT HISTORY

Trade references:

Date reported: November 2012

High credit: USD 8,000+

Now owing: 0

Past due: 0

Last purchase: October 2012

Line of business: Office supply

Paying status: 2 days beyond terms

Date reported: November 2012

High credit: USD 180,000+

Now owing: 0

Past due: 0

Last purchase: October 2012

Line of business: Payroll

Paying status: As agreed

Date reported: November 2012

High credit: USD 1,000

Now owing: 0

Past due: 0

Last purchase: October 2012

Line of business: Telecommunications

Paying status: On terms

Date report: November 2012

High credit: USD 50,000

Now owing: 0

Past due: 0

Line of business: Insurance

Paying status: On terms

Domestic credit history:

Monthly Payment Trends - Recent Activity

Date	Balance	Current	Up to 30 DBT	31-60 DBT	61-90 DBT	>90 DBT
06/12	$20,000	97%	3%	0%	0%	0%
07/12	$19,400	98%	2%	0%	0%	0%
08/12	$20,400	88%	12%	0%	0%	0%
09/12	$18,800	82%	18%	0%	0%	0%
10/12	$19,600	96%	4%	0%	0%	0%
11/12	$21,600	93%	7%	0%	0%	0%

National Credit Bureaus gave a correct credit rating.

According to our credit analysts, during the last 6 months, 93% of trade experience indicates a regular payment.

Domestic payments are usually made with an average of 1 to 2 days beyond 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 on 5 figures high.

The Company is in good standing.

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

Last report was filed on 06-14-2012.

The risk is low.

Our opinion:

A business connection may be conducted.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.70
UK Pound	1	Rs.89.34
Euro	1	Rs.72.35

INFORMATION DETAILS

Report Prepared by :

SDA

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.