US SAMPLE REPORT LIMITED

Transcription

1 US SAMPLE REPORT LIMITED Client ID: TEST-ID Order ID: Order Priority: Standard Client Ref: N/A Date Ordered: 06/19/2008 Requested By: Temis Lozano Date Due: 07/02/2008 Date Delivered: Credex Number: IDENTIFICATION AND HIGHLIGHTS Registration Number: (Delaware) Legal Name: Commercial name: US SAMPLE REPORT LIMITED SAMPLE REPORT Address: 000 Centerville Road, suite 400 Wilmington, DE United States Telephone: Fax: Website: Legal Form: Limited Liability Company Incorporation Date: 12/22/2004 Banks: BANK 1 Montevideo, Uruguay Business Activity: Person Interviewed: Paper distributor. Mr. John Smith, President Financial Figures 2007 Fiscal Year End: 12/31 Currency Used: USD Figures Expressed In: As Is Sales: 22,379,994 Net Income: 1,097,298 Important Notes: In this section we will answer any particular questions you might have wanted us to research while preparing this report. You may also find in this section any important comments about the company's status, or immediate foreseen changes such as an address, legal name, or ownership change.

2 Company Background US SAMPLE REPORT LIMITED was founded and incorporated in 1990 by Mr. John Smith. US SAMPLE REPORT is a company that commercializes paper internationately, particurly for companies in the Mercosur region. Mr. Smith is also the founder and President of a company in Latin America, founded in December 1990, by the name of AFFILIATED COMPANY. AFFILIATED COMPANY imports and distributes office paper in Latin America. It is the exclusive representative of the brand PAPER from South America. Executives and Shareholder Detail Name Title Shares Held (%) John Smith President 100 John A. Smith John B. Smith John C. Smith International Business Department Accounting Department Logistic Operations Business Activity International paper distributor. The company distributes office paper and different types of paper utilized by the graphic industry. Products are imported mainly from Brazil (60%), and to a lesser extent from Canada, Switzerland and from United States suppliers. Sales are focused to clients in the Mercosud region (Latin America). Premises The reported address is the office of the registered agent: REGISTERED AGENT COMPANY 0000 Centerville Road, suite 000 Wilmington, DE, US SAMPLE REPORT does not have physical facilities in the United States. All operations are handled out of the location of its affiliated company located in Latin America: AFFILIATED COMPANY S.A. Isla de Flores 0000 esq. Yaro City, Latin America Tel: Related Entities

3 Affiliated Companies: AFFILIATED COMPANY SAMPLE Calle Brasil No. 22 Local A Colonia Centro Mexico, DF Mexico Phone: Fax:

4 Commercial References Vendor: 1 SUPPLIER City, Country: Montevideo, Uruguay Telephone: Facsimile: Client Since: 2005 Credit Limit: Open USD Credit Terms: Net 30 days Max Credit Utilized: 25,000 USD Outstanding Balance: N/A USD Past Due Balance: 0 USD Last Sale: 05/2008 The company pays: on time Payment Method: checks Returned Checks: 0 Verified By: Credit Department Rating: Good customers Notes: Vendor: City, Country: SUPPLIER 1 provides storage services. The Credit Department stated that on average the monthly payments are about 11,000 USD. 2 SUPPLIER Montevideo, Uruguay Telephone: Facsimile: Client Since: 2005 Credit Limit: Open USD Credit Terms: Net days Max Credit Utilized: 10,000 USD Outstanding Balance: N/A USD Past Due Balance: 0 USD Last Sale: 05/2008 The company pays: on time Payment Method: checks Returned Checks: 0 Verified By: Mr. YY Rating: Good Notes: Vendor: City, Country: Mr. YY mentioned that the company is very responsible and pays promptly. 3 SUPPLIER Buenos Aires, Argentina Telephone: Facsimile: Verified By: Credit Department Rating: Notes: We have sent our request for information to the of credit@accounting.com, but have received no response. COMMERCIAL REFERENCES AT A GLANCE Date Vendor Credit Credit Max Credit Outstanding Past Last Currency Reported Name Terms Limit Utilized Balance Due Sale 05/ SUPPLIER USD Net 30 days Open 25,000 N/A 0 05/ SUPPLIER USD Net days Open 10,000 N/A 0 05/ SUPPLIER N/A N/A N/A N/A N/A N/A N/A Bank References BANK 1 Dr. Jose Ellauri 453 Montevideo, Uruguay Tel: Fax:

5 Deposit Account Account officer: Commercial Accounts Client Since: 2005 Average Balance: Not disclosed Number of returned checks: 0 Rating: Good Credit Facility Credit Line Amount: over 250,000 USD Type of facility: working capital/loan Outstanding Amount: revolving Secured By: fixed assets Commercial Accounts stated that the Subject's affiliated company is also a client of the bank since Commercial Accounts described US SAMPLE REPORT as 1C client, which is the bank's highest rating, based on several criterias such as cash flow, payment history, and others. The account was highly recommended. BANK 2 Zabala 1463 Montevideo, Uruguay Tel: Fax: Deposit Account Account officer: Commercial Accounts Client Since: 2004 Average Balance: Not disclosed Number of returned checks: Rating: Very Good Credit Facility Credit Line Amount: 200,000 USD Type of facility: working capital Outstanding Amount: rotating Secured By: unsecured Commercial Accounts stated that the relationship with both US SAMPLE REPORT and AFFILIATED COMPANY has been to the bank's entire satisfaction. Financial Section Fiscal Year: 2007 Fiscal Year Ends: 12/31 Data expressed in: As Is Currency Used: USD Statements are: Audited Income Statement Revenue - Sales: 22,379,994 Cost of Sales: 20,489,539 Gross Profit: 1,890,455 Selling, General and Administrative: 818,651 Operating Income: 1,071,804 Interest Expense: 21,830 Investment Income: 28,617 Additional Income: 18,707 Net Income: 1,097,298 Balance Sheet Cash: 500,939 Trade Accounts Receivable: 2,854,538

6 Inventories: 2,060,307 Total Current Assets: 5,415,784 Total Assets: 5,415,784 Accounts Payable: 2,773,007 Total Current Liabilities: 2,773,007 Total Liabilities: 2,773,007 Share Capital:. 1,500 Retained Earnings: 2,641,277 Total Shareholders Equity: 2,642,777 Notes Financial statements were audited by XXx, certified public accountants. Legal Section No Bankruptcy filings were found under the name of the subject company after a search in Bankruptcy courts nationwide. There are no Judgments or Lawsuits reported in the State of Delaware against a company under this name. No Tax Liens were found against the Company after a search with the Division of Uniform Commercial Code (UCC) of the Secretary of State of Delaware. No UCC records were found filed against the Company after a search with the Division of Uniform Commercial Code (UCC) of the Secretary of State of Delaware. Country Overview Overview Britain's American colonies broke with the mother country in 1776 and were recognized as the new nation of the United States of America following the Treaty of Paris in During the 19th and 20th centuries, 37 new states were added to the original 13 as the nation expanded across the North American continent and acquired a number of overseas possessions. The two most traumatic experiences in the nation's history were the Civil War ( ) and the Great Depression of the 1930s. Buoyed by victories in World Wars I and II and the end of the Cold War in 1991, the US remains the world's most powerful nation state. The economy is marked by steady growth, low unemployment and inflation, and rapid advances in technology. The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $46,000. 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

7 Inflation Rating 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. The response to the terrorist attacks of 11 September 2001 showed the remarkable resilience of the economy. The war in March-April 2003 between a US-led coalition and Iraq, and the subsequent occupation of Iraq, required major shifts in national resources to the military. The rise in GDP in was undergirded by substantial gains in labor productivity. Hurricane Katrina caused extensive damage in the Gulf Coast region in August 2005, but had a small impact on overall GDP growth for the year. Soaring oil prices in threatened inflation and unemployment, yet the economy continued to grow through year-end Imported oil accounts for about two-thirds of US consumption. Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits, and stagnation of family income in the lower economic groups. The merchandise trade deficit reached a record $847 billion in Together, these problems caused a marked reduction in the value and status of the dollar worldwide in % (2007 est.), 2.5% (2006 est.) FITCH: AAA/Stable S&P: AAA/Stable Exchange Rate British pounds per US dollar (01/2008), (2007), (2006). Canadian dollars per US dollar 0.99 (01/2008), 1.06 (2007), 1.13 (2006). Japanese yen per US dollar (01/2008), (2007), (2006). Euros per US dollar (01/2008), (2007), (2006). Chinese yuan per US dollar 7.18 (01/2008), 7.55 (2007), 7.97 (2006). The information contained in this report has been collected from sources deemed reliable however, it is in no way guaranteed, and CREDEXIM cannot ensure the accuracy, completeness or correctness thereof. Consequently, CREDEXIM cannot be liable for any damages, loss or injury arising directly or indirectly from the neglect or other act of failure at the procurement, collection or communication of this information. Any comments or opinion expressed are intended as guides only and CREDEXIM does not warrant and assumes no liability for the report information and comments. Client is cautioned that this material is privileged information and that its contents cannot be disclosed to the Subject or to any third party in any manner whatsoever. Any type of reproduction without CREDEXIM's written consent is prohibited.