MIRA INFORM REPORT

Report Date :

21.09.2012

IDENTIFICATION DETAILS

Name :	CHICAGO GRANITE AND MARBLE, INC.
Registered Office :	415 Busse Road, Elk Grove Village, IL 60007
Country :	United States
Date of Incorporation :	19.05.1993
Legal Form :	Private Company
Line of Business :	Importer and supplier of natural stone.
No. of Employees :	30 + 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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
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 details

Company name: CHICAGO GRANITE AND MARBLE, INC.

Address: 415 Busse Road, Elk Grove Village, IL 60007 – USA

On May 2012, the company moved to new headquarters located:

Headquarters: 10435 Seymour Avenue, Franklin Park, IL 60131 - USA

Telephone: +1 630-369-4500

Fax: +1 630-369-1300

Website: -

Corporate ID#: 57321237

State: Illinois

Judicial form: Corporation – Profit

Date incorporated: 05-19-1993

Stock: -

Value: -

Name of manager: Anik ARULA

ACTIVITIES & OPERATIONS

History:

On May 2012, the company moved to:

10435 Seymour Avenue, Franklin Park, IL 60131

Business:

Chicago Granite and Marble Inc. is importer and supplier of natural stone.

The Company imports mainly from India and China, an array of natural stones to ensure its customers have access to a year round supply of granite, marble, travertine, slate and other natural stones.

It provides stone products to meet the needs of builders, contractors, fabricators, wholesalers, retailers, architects, interior designers and tile distributors in the Midwestern United States.

EIN: -

Staff: 30 + part time

Operations & branches:

At above address, we find a showroom, warehouse and office, on

80,806 sq. feet, together with its subsidiary:

UNIVERSAL GRANITE AND MARBLE, INC.

(see photo below)

The Company still maintains a store and office located:

415 Busse Road

Elk Grove Village, IL 60007

Ph : 847-806-7000

SHAREHOLDERS & MANAGERS

Shareholders:

Anik NARULA is the major shareholder.

Management:

Anik NARULA is the President and CEO.

Graduated from United States University-Europe in 1991.

Rakesh MALHOTRA is the Secretary

Subsidiaries

And partnership:

UNIVERSAL GRANITE & MARBLE, INC.

10435 Seymour Avenue, Franklin Park, IL 60131

Incorporated in Illinois on 07-21-1995

ID# 58434191

Anik NARULA, President and CEO

Sales 2011: USD 6,500,000=

FINANCIALS

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

On a direct call, a HR assistant controlled the present report but deferred any financials.

We sent a fax but no answer received.

Outside sources (bank) gave estimate sales for year 2011 in the range of

USD 7,500,000= with a net profit of USD 150,000=

The Company is developing a regular business.

Banks: JPMorgan Chase Bank

120 S. Lasalle Street
Chicago, IL 60603

LEGAL FILINGS

Legal filings & complaints:

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

Secured debts summary (UCC):

File Number	Filing Date	Secured Party
015184612	04/14/2010	TUNDRA CONSULTING, LTD. KISSACK COURT 29 PARLIAMENT ST. RAMSEY AO IM81A-T000
015184604	04/14/2010	TUNDRA CONSULTING, LTD. KISSACK COURT 29 PARLIAMENT ST. RAMSEY AO IM81A-T000
004769244	02/13/2002	BANC ONE LEASING CORPORATION 1111 POLARIS PKWY STE A3 COLUMBUS OH 43240-0000
004769236	02/13/2002	BANC ONE LEASING CORPORATION 1111 POLARIS PKWY SUITE A3 COLUMBUS OH 43240-0000
003744200	09/25/1997	TUNDRA CONSULTING, LTD. KISSACK COURT 29 PARLIAMENT ST. RAMSEY AO IM81AT
003744199	09/25/1997	TUNDRA CONSULTING, LTD. KISSACK COURT 29 PARLIAMENT ST. RAMSEY AO IM81AT

COMPANY CREDIT HISTORY

Trade references:

Date reported: August 2012

High credit: USD 8,000+

Now owing: 0

Past due: 0

Last purchase: July 2012

Line of business: Office supply

Paying status: 3 days beyond terms

Date reported: August 2012

High credit: USD 60,000=

Now owing: 0

Past due: 0

Last purchase: July 2012

Line of business: Payroll

Paying status: As agreed

Date reported: August 2012

High credit: USD 600=

Now owing: 0

Past due: 0

Last purchase: July 2012

Line of business: Telecommunications

Paying status: As agreed

Date reported: February 2012

High credit: USD 8,000=

Now owing: 0

Past due: 0

Last purchase: January 2012

Line of business: Insurance

Paying status: As agreed

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
03/12	$20,200	100%	0%	0%	0%	0%
04/12	$17,600	100%	0%	0%	0%	0%
05/12	$18,600	100%	0%	0%	0%	0%
06/12	$18,400	100%	0%	0%	0%	0%
07/12	$19,300	100%	0%	0%	0%	0%
08/12	$20,200	100%	0%	0%	0%	0%

National Credit Bureaus gave a satisfying credit rating.

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

The Company is developing 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 04-23-2012.

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.87.91
Euro	1	Rs.70.57

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%)

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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.