MIRA INFORM REPORT

Report Date :

26.10.2013

IDENTIFICATION DETAILS

Name :	TEMPO MARBLE & GRANITE LTD
Registered Office :	8611 Jane Street, Concord, Ontario L4K 2M6
Country :	Canada
Date of Incorporation :	30.03.1986
Legal Form :	Ontario Corporation - Profit
Line of Business :	The Subject is importer and wholesaler natural stone, as well as ceramics, glass, mosaics and much more.
No. of Employees :	10

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, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
Canada	A1	A1

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

canada - ECONOMIC OVERVIEW

As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-12 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly becoming an even larger economic driver with Alberta's oil sands significantly boosting Canada's proven oil reserves, ranking the country third in the world behind Saudi Arabia and Venezuela.

Source : CIA

company name and address

Company name: TEMPO MARBLE & GRANITE LTD

Headquarters: 8611 Jane Street, Concord, Ontario L4K 2M6 - Canada

Telephone: +1 416-665-7337

Fax: +1 905-660-0938

Website: www.tempomarble.com

Company summary

Corporate ID#: ON-0000669115

State: Ontario

Judicial form: Ontario Corporation - Profit

Date founded: 03-30-1986

Stock: -

Value: -

Name of manager: Peter ALOISE

ACTIVITIES & OPERATIONS

Business:

The Company is importer and wholesaler natural stone, as well as ceramics, glass, mosaics and much more.

Imports from Europe and South America.

Sells to contractors in Ontario.

Suppliers include:

Granitos Zucchi Ltda

R. Santo Antônio, 1065 - Parque Residencial de Tubarão, 29175-213, Brazil

Industria De Marmores E Granitos

Brazil

Staff: 10

Operations & branches:

At the headquarters, we find a warehouse and office, owned.

SHAREHOLDERS & MANAGERS

Shareholders:

This is a ALOISE family owned and managed company.

Management:

Peter ALOISE is the President and CEO.

Rita ALOISE is Director

(no antecedents available)

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

Subsidiaries &

Partnership: None

FINANCIALS

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

On a direct call, the manager controlled the present report.

Sales declared for year 2012 is CAD 2,500,000=

The business is said to be profitable.

Banks: Scotia Bank

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: September 2013

High credit: CAD 12,000

Now owing: 0

Past due: 0

Last purchase: August 2013

Line of business: Office supply

Paying status: On terms

Date reported: September 2013

High credit: CAD 12,000

Now owing: 0

Past due: 0

Last purchase: August 2013

Line of business: Payroll

Paying status: As agreed

Date reported: September 2013

High credit: CAD 300

Now owing: 0

Past due: 0

Last purchase: August 2013

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
04/13	$2,100	100%	0%	0%	0%	0%
05/13	$2,700	100%	0%	0%	0%	0%
06/13	$2,600	100%	0%	0%	0%	0%
07/13	$2,600	100%	0%	0%	0%	0%
08/13	$3,100	100%	0%	0%	0%	0%
09/13	$3,100	100%	0%	0%	0%	0%

National Credit Bureaus gave a satisfying credit rating.

According to our credit analysts, during the last 6 months, domestic payments were made on due date.

International credit history:

Payments of imports are currently made on terms.

Other comments:

The Company maintains a regular business.

The Company is in good standing.

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

The risk is low.

Our opinion:

A business connection may be conducted.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.63
UK Pound	1	Rs.99.94
Euro	1	Rs.85.14

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.