MIRA INFORM REPORT

Report Date :

05.12.2007

IDENTIFICATION DETAILS

Name :	REPUBLIC CLOTHING CORP REPUBLIC CLOTHING

Registered Office :	1440 Broadway Fl 14, New York, Ny 10018-2314 225 W 39th St, New York, Ny 10018-3103

Country :	United States

Date of Incorporation :	02/1985

Legal Form :	Institutions

Line of Business :	Business Services Womens & Misses Outerwear

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

Matching Name and Address

This business is linked to the one displayed above. The report shows the best view of the business.

REPUBLIC CLOTHING CORP
1440 BROADWAY FL 14
NEW YORK, NY 10018-2314

Executive Summary

Intelliscore for REPUBLIC CLOTHING

62.99

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

MEDIUM RISK
47% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF OTHER TRADES

NUMBER OF DELINQUENT ACCOUNTS

PRESENCE OF DELINQUENT ACCOUNTS

Current DBT range compared to all industries*

0 DBT
($3,700 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT Same industry: 5 DBT

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections:

Sum of legal filings:

UCC filings: details (FILED 04/03)

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

Highest DBT previous 6 months:

Highest DBT previous 5 quarters:

Total continuous trades:

Current continuous trade balance:

$3,700

Trade balance of all trades (12):

$23,000

Average balance previous 5 quarters:

$6,340

Highest credit amount extended: details

$12,000

6 month balance range:

$1,400 - $4,100

* Days Beyond Terms (DBT) is a dollar weighted calculation of the average number of days that payment was made beyond the invoice due date based on trades on file that have been updated in the previous 3 months.

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

7 month DBT trends

90+

May07

Jun07

Jul07

Aug07

Sep07

Oct07

Current

Quarterly DBT trends (previous 5 quarters)

90+

3Q06

4Q06

1Q07

2Q07

3Q07

Performance Analysis

Predicted DBT for 01/30/2008: 1 DBT

Payment Trend Indication:
Are Stable

Industry payment comparison:
Has paid sooner than 50% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and 0000000

Trade Payment Information

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

Business
Category

Date
Reported

Last
Sale

Payment
Terms

Recent
High
Credit

Balance

Cur

1-30

31-60

61-90

91+

Comments

+AIR TRANS

10/2007

$12,000

$3,100

100%

CUST 14 YR

+BUS SERVCS

11/2007

NET 7

$1,100

$500

100%

COMPUTERS

11/2007

06/2005

CREDIT

FACTOR

09/2007

VARIED

+OFFC SUPPL

11/2007

09/2007

CREDIT

$200

$100

100%

PACKAGING

11/2007

NET 30

CUST 1 YR

+TRUCK DLR

11/2007*

CONTRCT

$100

100%

Trade Payment Totals

Trade Payment Experiences

Account Status
Days Beyond Terms

Type

Lines
Reported

Recent
High
Credit

Balance

Cur

1-30

31-60

61-90

91+

Comments

Continuously Reported

$13,300

$3,700

100%

DBT: 0

Newly Reported

$100

100%

DBT: 0

Trade Lines Totals

$13,400

$3,800

100%

DBT: 0

Additional Payment Experiences

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

Business
Category

Date
Reported

Last
Sale

Payment
Terms

Recent
High
Credit

Balance

Cur

1-30

31-60

61-90

91+

Comments

AIR TRANS

11/2006

NET 30

$100

CUST 9 YR

FACTOR

05/2005

04/2005

VARIED

<$100

+LEASING

11/2007

NET 30

$14,600

47%

51%

+LEASING

09/2007

CONTRCT

$3,900

$3,300

81%

19%

+LEASING

06/2007

CONTRCT

$1,400

$1,300

100%

CUST 3 YR

Monthly Payment Trends

Payment Trends Analysis
BUSINESS SERVICES, NEC INDUSTRY SIC: 7389

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$3,700

100%

OCT07

89%

$4,000

100%

SEP07

88%

$2,500

100%

AUG07

88%

$3,300

100%

JUL07

89%

$2,800

100%

JUN07

89%

$1,400

100%

MAY07

90%

$2,500

100%

Quarterly Payment Trends

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q3 - 07

JUL-SEP

$2,900

100%

Q2 - 07

APR-JUN

$5,600

100%

Q1 - 07

JAN-MAR

$9,000

100%

Q4 - 06

OCT-DEC

$7,600

100%

Q3 - 06

JUL-SEP

$6,600

100%

Inquiries

Summary of Inquiries

Business
Category

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

EQUIP LEAS

Totals

UCC Profile

The UCC Filings are summarized and listed below.

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs^**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JUL - PRESENT

2007

JAN - JUN

2007

JUL - DEC

2006

JAN - JUN

2006

JUL - DEC

2005

PRIOR TO JUL

2005

Total

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

UCC Filings

UCC FILED Date: 04/25/2003

Filing Number: 200304255025625

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: TIGER LEASING, LLC NY NEW YORK 10007 157 CHAMBERS STREET 10T

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC AMENDED Date: 10/21/2004

Filing Number: 200410215884696

Original Filing Date: 08/20/1999

Original Filing Number: 108529

Original Filing State: NY

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: THE CIT GROUP/COMMERCIAL SERVICES, INC.

Collateral:

Company Background Information

Additional Company Background Information

Key Personnel

Principal(s):	STEVEN SALL, PRESIDENT
	ALISON CHO

Operating Information

Business Type: Institutions

Primary SIC Code: BUSINESS SERVICES, NEC - 7389

Secondary SIC Code: WOMENS & MISSES OUTERWEAR, NEC - 2339

Number of Employees: 34

Sales: $1,700,000

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	Unfavourable & favourable factors carry similar weight in credit consideration. 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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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%)

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

MIRA INFORM REPORT

Company Information

Matching Name and Address

Executive Summary

Trade Payment Information

Trade Payment Totals

Additional Payment Experiences

Monthly Payment Trends

Quarterly Payment Trends

Inquiries

UCC Profile

Company Background Information