MIRA INFORM REPORT

Report No. :	484680
Report Date :	09.01.2018

IDENTIFICATION DETAILS

Name :	HILCO IP SERVICES, LLC
Registered Office :	251 Little Falls Drive, Wilmington, New Castle, De, 19808, USA
Country :	United States
Date of Incorporation :	31.08.2011
Legal Form :	Corporation
Line of Business :	Subject Provides Financial Services.
No. of Employees :	11

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
United States	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

UNITED STATES - ECONOMIC OVERVIEW

The US has the most technologically powerful economy in the world, with a per capita GDP of $57,300. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.

In the US, 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, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.

Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.

The onrush of technology has been a driving factor in 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. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. 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 and oil has a major impact on the overall health of the economy. Crude 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 climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.

The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US 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, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. 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, 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. In 2012, the Federal Government reduced the growth of spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.

Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.

In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - 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.

In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short-term rates near zero until unemployment dropped below 6.5% or inflation rose above 2.5%. In late 2013, the Fed announced that it would begin scaling back long-term bond purchases to $75 billion per month in January 2014 and further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increases. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With US GDP growth below 2%, the Fed has opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.

Source : CIA

STATUTORY INFORMATION
Order:	HILCO STREAM BANK (The name given in the order is the name used to transact business in Massachusetts. However, main jurisdiction of the company is in Delaware, where its legal name is Hilco IP Services, Llc).
Legal Name:	HILCO IP SERVICES, LLC
Trade Names:	HILCO STREAMBANK
ID:	5032586
Date Created:	2011
Date Incorporated:	8/31/2011
Legal Address:	251 Little Falls Drive, Wilmington, New Castle, De, 19808, USA
Operative Address:	980 Washington St. Suite 330 Dedham, MA 02026, USA
Telephone:	781.471.1239
Fax:	-
Legal Form:	Corporation
Email:	dperess@hilcoglobal.com
Registered in:	DELAWARE
Website:	www.hilcostreambank.com
Contact:	Gabe Fried – Chief Executive Officer
Staff:	11
Activity:	NAICS 1: Investment Advice SIC 1: Investment Advice
Banks:	BANK OF AMERICA
History:	Streambank Llc was founded in 2006. In 2011, the company was acquired by Hilco Trading, LLC and changed its name. Hilco Streambank is the intellectual property services division of Hilco Global, one of the largest asset disposition firms in the world.
Parent Company:	As of September 6, 2011, Hilco Ip Services, LLC operates as a subsidiary of: Hilco Trading, LLC. 5 Revere Drive Suite 206 Northbrook, IL 60062 United States
Key Developments:	Richelle Kalnit Joins Hilco Streambank as Senior Vice President Oct 16 17 Hilco Streambank announced the appointment of Richelle Kalnit as Senior Vice President at the market leading intellectual property advisory firm. Ms. Kalnit will be based in New York City, and will focus on management of IP disposition engagements for Hilco Streambank's extensive list of clients, while expanding the firms successful retail and brand IP business. Ms. Kalnit joins Hilco Streambank with 12 years of legal experience at two of the nation's top law firms. Most recently, Ms. Kalnit served as a senior associate attorney at the law firm Cooley LLP, where she focused on large retail transactions as well as litigation. Brand And Related Intellectual Property Assets Of Hhgregg To Be Sold Jun 13 17 A sale motion is seeking authorization to sell the brand and related intellectual property assets of hhgregg, Inc. (OTCPK:HGGG.Q) has been filed with the Bankruptcy Court on June 8, 2017. The sale motion calls for interested parties to submit bids for the intellectual property assets by June 22, 2017, at 5:00 PM EDT. The intellectual property assets include the hhgregg® brand-related trademarks, the domain names and other digital assets associated with the e-commerce website www.hhgregg.com, and hhgregg's extensive customer database of over 16 million customer files with 5 million associated email addresses. An auction for all the hhgregg® intellectual property assets has been proposed for Monday, June 26, 2017 at 10:00 AM EDT, at the offices of Debtors' counsel, Ice Miller LLP. Hilco Streambank, LLC acted as intellectual property sales consultant to hhgregg. Hilco Streambank Seeking Competing Offers Apr 6 16 Outdoor Direct Corporation has accepted a stalking horse bid of $0.35 million for the Brinkmann grilling and outdoor cooking brand and related intellectual property. A motion to approve bidding procedures was filed with the Bankruptcy Court and is scheduled to be heard on April 18, 2016. The proposed bid procedures provide for the following:Bid Deadline: May 5, 2016. Auction Date: May 10, 2016 minimum Over-Bid: $0.4 Hilco Streambank, LLC and Piper Jaffrey are jointly marketing the assets and seeking additional bids.
PRINCIPAL ACTIVITY
	Hilco IP Services, LLC provides financial services.
Products/Services description:	The company offers valuation, monetization, and advisory services.
Brands:	HILCO STREAMBANK
Sales are:	Retail
Clients:	Private Consultants
Suppliers:	NA
Operations area:	National and International
The subject employs	11 employees
Payments:	No Complaints
LOCATION
Headquarters :	980 Washington St. Suite 330 Dedham, MA 02026, USA
Comments on Address:	-
Branches:	Hilco Streambank 1500 Broadway 8th Floor New York, NY 10036
Related Companies:	No related comapnies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	As of September 6, 2011, Hilco Ip Services, LLC operates as a subsidiary of: Hilco Trading, LLC. 5 Revere Drive Suite 206 Northbrook, IL 60062 United States
Management:	Gabe Fried – Chief Executive Officer Jack Hazan – Executive Vice President David Peress - Executive Vice President Richelle Kalnit – Senior Vice President Benjamin Kaplan – Associate Michael Manopla – Associate Michael E. Beyda – Associate Zach Kalish - Associate Amy Potter - Vice President Dmitriy Chemlin - Director of Digital Assets Nick Ryan - Marketing Director
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Revenue	1.500.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	No found.
GOVERNMENT CONTRACTS	No records found.
CASES	No records found.
TRADEMARKS	TLD ADVISORS Business consulting services, namely, marketing and sales strategy for new top level domains, generic top level domains,… Owned by: Hilco IP Services, LLC Serial Number: 87397436
RENEWAL HISTORY	No records found.
UCC	No records found.
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
	Hilco Ip Services, Llc is a small organization in the investment advisors industry located in Dedham, MA. It opened its doors in 2011 and now has an estimated $1.3 million in yearly revenue and 11 regular employees. The company operates nationally and internationally. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	David Peress
POSITION	Vice President
COMMENTS	He confirmed the name of the company, the address of the headquarters and location, the date of creation of the company, the number of employees and the name of the Chief Executive Officer.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.35
UK Pound	1	INR 85.89
Euro	1	INR 76.15
US Dollar	1	INR 63.62

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.