MIRA INFORM REPORT

Report Date :

05.12.2007

IDENTIFICATION DETAILS

Name :	STEVE & BARRY'S UNIVERSITY SPORTSWEAR STEVE & BARRY'S-INDIANA
Registered Office :	12 Harbor Park Dr, Prt Washingtn, Ny 11050-4649 250 100 W 33rd St, New York, Ny 10001
Country :	United States
Date of Incorporation :	06/17/1983
Legal Form :	Institutions
Line of Business :	Miscellaneous Apparel & Accessories - Retail

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	6 days beyond terms
Litigation :	Clear

Company Information

STEVE & BARRY'S UNIVERSITY SPORTSWEAR
12 HARBOR PARK DR
PRT WASHINGTN, NY 11050-4649
(516) 626-1607

Business Identification Number:

701240668

File Established:

12/1996

Date of Incorporation:

06/17/1983

SIC code:

MISC APPAREL & ACCESSORIES-RETAIL - 5699

Matching Name and Address

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

STEVE & BARRY'S-INDIANA
250 100 W 33RD ST
NEW YORK, NY 10001

Executive Summary

  Intelliscore for STEVE & BARRY'S UNIVERSITY SPORTSWEAR

4.04

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

100

High risk

Low risk

HIGH RISK
1% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS
	NUMBER OF RECENT COLLECTION ACCOUNTS
	NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS
	BALANCE ON HIGH CREDIT

  Current DBT range compared to all industries*

6 DBT
($931,700 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 7 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 09/02-11/07)

26

Judgment filings: details (FILED 05/02-04/07)

10

Total collections: details (PLACED 06/04-10/07)

6

Sum of legal filings:

$176,155

UCC filings: details (FILED 08/99-10/07)

139

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

4

Highest DBT previous 6 months:

7

Highest DBT previous 5 quarters:

7

Total continuous trades:

37

Current continuous trade balance:

$931,700

Trade balance of all trades (68):

$1,023,900

Average balance previous 5 quarters:

$761,420

Highest credit amount extended: details

$2,131,200

6 month balance range:

$711,000 - $988,400

* 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+

60

30

0

3

6

5

7

6

6

0

May07

Jun07

Jul07

Aug07

Sep07

Oct07

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

2

3

7

2

6

0

3Q06

4Q06

1Q07

2Q07

3Q07

Performance Analysis

Predicted DBT for 01/30/2008: 6 DBT

Payment Trend Indication:
Payments Are Increasingly Late

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

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

Legal Filings and Collections

Collections
Date Placed	Status	Original Balance	Outstanding Balance	Date Closed	Agency	Agency Phone
10/2007	Open Account	$3,575	$3,575		NEWTON & ASSOCIATES	(800) 509-6060
03/2007	Paid in Full	$2,800	$0	03/2007	REVENUE ASSURANCE PARTNERS, LL	(985) 626-1963
03/2007	Open Account	$376	$376		CAINE & WEINER CO.	(818) 226-6000
10/2006	Open Account	$458	$458		RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
09/2006	Open Account	$4,502	$4,502		RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
06/2004	Closed, Creditors Request	$2,851	$2,851	06/2004	A.G. ADJUSTMENTS LTD	(516) 752-3000

Tax Liens
File Date	Filing Type	Status	Amount	Filing Number	Jurisdiction
11/08/2007	State Tax Lien	Filed	$2,777	50867678	GREENVILLE COUNTY CI
11/08/2007	State Tax Lien	Filed	$2,777	50867871	KERSHAW COUNTY CIRCU
11/08/2007	State Tax Lien	Filed	$786	50867872	KERSHAW COUNTY CIRCU
11/21/2007	State Tax Lien	Released	$1,253	50841740	GREENVILLE COUNTY CI
10/08/2007	State Tax Lien	Filed	$2,778	50855142	GREENVILLE COUNTY CI
10/11/2007	State Tax Lien	Filed	$2,778	50857173	KERSHAW COUNTY CIRCU
10/11/2007	State Tax Lien	Filed	$786	50857174	KERSHAW COUNTY CIRCU
09/05/2007	State Tax Lien	Filed	$2,692	B3279P1059	INGHAM COUNTY REGIST
08/06/2007	State Tax Lien	Filed	$1,253	50841740	GREENVILLE COUNTY CI
08/06/2007	State Tax Lien	Released	$983	00062007	GREENE COUNTY RECORD
08/06/2007	State Tax Lien	Released	$983	200711170	CAPE GIRARDEAU COUNT
08/13/2007	State Tax Lien	Released	$988	00097007	GREENE COUNTY RECORD
08/13/2007	State Tax Lien	Released	$988	200711575	CAPE GIRARDEAU COUNT
08/16/2007	State Tax Lien	Released	$983	133557	ST. LOUIS COUNTY REC
08/17/2007	State Tax Lien	Released	$988	134611	ST. LOUIS COUNTY REC
06/06/2007	State Tax Lien	Filed	$988	134611	ST. LOUIS COUNTY REC
06/19/2007	State Tax Lien	Released	$18,636	07TW000155	RACINE COUNTY CIRCUI
06/25/2007	State Tax Lien	Released	$984	200709007	CAPE GIRARDEAU COUNT
06/26/2007	State Tax Lien	Released	$984	00080807	GREENE COUNTY RECORD
06/28/2007	State Tax Lien	Released	$984	134237	ST. LOUIS COUNTY REC
05/02/2007	State Tax Lien	Filed	$984	200706311	CAPE GIRARDEAU COUNT
05/29/2007	State Tax Lien	Filed	$988	200707599	CAPE GIRARDEAU COUNT
05/31/2007	State Tax Lien	Released	$1,038	0658696	NASSAU COUNTY REG
04/05/2007	State Tax Lien	Released	$19,647	E431315512W0048	NASSAU COUNTY REG
04/09/2007	State Tax Lien	Filed	$983	200704906	CAPE GIRARDEAU COUNT
04/11/2007	State Tax Lien	Filed	$983	133557	ST. LOUIS COUNTY REC
04/20/2007	State Tax Lien	Released	$319	00037407	GREENE COUNTY RECORD
04/20/2007	State Tax Lien	Released	$319	132917	ST. LOUIS COUNTY REC
04/23/2007	State Tax Lien	Released	$319	200705666	CAPE GIRARDEAU COUNT
03/01/2007	State Tax Lien	Released	$83,203	305510	HINDS COUNTY CIRCUIT
03/28/2007	State Tax Lien	Filed	$18,636	07TW000155	RACINE COUNTY CIRCUI
02/20/2007	State Tax Lien	Filed	$319	200702321	CAPE GIRARDEAU COUNT
02/22/2007	State Tax Lien	Filed	$319	132917	ST. LOUIS COUNTY REC
01/03/2007	State Tax Lien	Filed	$235	2007CV00022NT	DAUPHIN COUNTY COURT
11/17/2006	State Tax Lien	Filed	$67,095	305510	HINDS COUNTY CIRCUIT
04/11/2006	State Tax Lien	Released	$970	200508122284	NASSAU COUNTY REG
04/11/2006	State Tax Lien	Released	$1,568	20060123637	NASSAU COUNTY REG
03/22/2006	State Tax Lien	Filed	$19,647	2006032214	NASSAU COUNTY REG
01/05/2006	State Tax Lien	Filed	$1,568	20060123637	NASSAU COUNTY REG
12/14/2005	State Tax Lien	Filed	$9,075	20050127143	LEON COUNTY FEDERAL
07/18/2005	State Tax Lien	Filed	$1,546	200508054070	NASSAU COUNTY REG
07/27/2005	State Tax Lien	Filed	$970	200508122284	NASSAU COUNTY REG
01/28/2005	State Tax Lien	Filed	$7,139	2005020795	NASSAU COUNTY REG
02/11/2004	State Tax Lien	Released	$885	BK45PG121	FULTON COUNTY SPR CO
09/25/2003	State Tax Lien	Filed	$885	BK10011PG132	FULTON COUNTY SPR CO
01/29/2003	State Tax Lien	Released	$1,726	BK9940PG217	FULTON COUNTY SPR CO
09/19/2002	State Tax Lien	Filed	$1,726	BK9804PG432	FULTON COUNTY SPR CO

Judgments
File Date	Filing Type	Status	Amount	Plaintiff	Filing Number	Jurisdiction
04/16/2007	Judgment	Filed	$149	STATE OF ARKANSAS	TJ31003	GARLAND COUNTY COURT
03/27/2007	Judgment	Filed	$1,043	NYS COMMISSIONER OF LABOR	20070327181	NASSAU COUNTY REG
01/10/2007	Judgment	Filed	$1,043	NYS COMMISSIONER OF LABOR	20070110551	NASSAU COUNTY REG
11/01/2006	Judgment	Filed	$1,042	NYS COMMISSIONER OF LABOR	200611011975	NASSAU COUNTY REG
06/20/2006	Judgment	Filed	$980	NYS TAX COMISSION	20060620753	NASSAU COUNTY REG
05/22/2006	Judgment	Satisfied	$863	NYS COMMISSIONOR OF LABOR	200511161465	NASSAU COUNTY REG
04/26/2006	Judgment	Filed	$1,038	NYS COMMISSIONER OF LABOR	200604261561	NASSAU COUNTY REG
02/03/2006	Judgment	Filed	$1,153	CITY OF CHARLESTON	06510906	KANAWHA COUNTY COMM
11/01/2005	Judgment	Filed	$863	NYS COMMISSIONOR OF LABOR	200511161465	NASSAU COUNTY REG
08/10/2005	Judgment	Filed	$14,710	RONALD J COOK	03LM185	CHAMPAIGN COUNTY CIR
05/10/2002	Judgment	Filed	$3,421	TRI EXPRESS INC	JT02012642	NASSAU COUNTY REG

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
=ADVERTISNG	08/2007	05/2007	NET 30	$2,000	$2,000	1%	1%	98%
+AIR TRANS	10/2007			$1,800	$400	100%					CUST 7 YR
APRL DISTR	11/2007		CASH		$0						CUST 8 YR
+APRL MENS	11/2007	11/2007	NET 30	$2,131,200	$221,500	100%
+BUS SERVCS	11/2007		NET 7	$238,500	$104,600	88%		12%
-CHEMICALS	11/2007		NET 30	$300	$300			55%		45%
CHEMICALS	11/2007		NET 30	$100	$0
+COMPUTERS	11/2007			$316,000	$306,000	100%					CUST 2 YR
COMPUTERS	11/2007	03/2007	CREDIT	$45,000	$0						ACCTCLOSED
DP EQUIP	10/2007		NET 30		$0
-EQUIPMENT	11/2007		NET 30	$700	$700				100%
-FACTOR	08/2007	12/1999	NET 30	$2,600	$2,600				69%	31%
-FACTOR	10/2007		NET 30	$33,400	$1,000		67%	33%
-FACTOR	09/2007		VARIED	$134,000	$75,200			100%
FACTOR	11/2007		NET 30	$60,100	$0						CUST 2 YR
FACTOR	11/2007	05/2006	VARIED	$561,000	$0
=FACTOR	10/2007	10/2007	NET 90	$82,900	$82,900	79%	21%
=FINCL SVCS	10/2007	10/2007	NET30	$15,700	$4,000	92%	8%
FINCL SVCS	11/2007	10/2003	NET 30	$29,600	$0
-FINCL SVCS	11/2007	10/2007	NET	$27,800	$2,800	1%	1%	1%	16%	81%	CUST 4 YR
FINCL SVCS	11/2007	11/2007	CONTRCT		$0						SATSFTRY
FREIGHT	11/2007	09/2006	VARIED		$0
GENERAL	10/2007		CONTRCT		$0
=GIFTWARE	11/2007*		CONTRCT	$200	$200	3%	97%
=HEATNG&A/C	10/2007		NET 30	$195,600	$77,800	7%	93%
INDUS MACH	10/2007		NET 30		$0
NEWSPAPERS	11/2007	03/2007	NET 15	$25,200	$0
NEWSPAPERS	10/2007	05/2007	NET 30	$16,900	$0
NEWSPAPERS	10/2007		5/15N30		$0
NEWSPAPERS	10/2007		DISCNT	$500	$0
OFFC SUPPL	11/2007	01/2002	CREDIT		$0						ACCTCLOSED
=PACKAGING	11/2007	10/2007	NET 30	$48,900	$48,900	94%	6%				CUST 8 YR
PLUMBING	08/2007	02/2000	NET30		$0
+TELECOM	10/2007		NET 30	$1,000	$200	100%
TEMP HELP	11/2007		NET 7	$10,900	$0
TRANSPORTN	09/2007		NET 15		$0						ACCTCLOSED
-TRANSPORTN	09/2007*	05/2007	NET 30	$100	$100				100%		60 DYS SLO
+UTILITY	10/2007	10/2007	NET	$7,300	$800	100%					PROMPT
=UTILITY	07/2007*		NET 15	$600	$600		100%
WAREHOUSE	11/2007	01/2001	VARIED		$0						ACCTCLOSED

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	37	$3,989,000	$931,700	80%	10%	10%			DBT: 6
Newly Reported	3	$900	$900	1%	89%		10%		DBT: 21
Trade Lines Totals	40	$3,989,900	$932,600	80%	10%	10%			DBT: 6

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
ADMIN	05/2005		CREDIT		$0						CUST 37 YR
-AIR TRANS	11/2006		NET 30	$38,400	$2,300	2%	72%	4%	9%	13%	COLLECTION
APPAREL	03/2007	10/2003	NET 30		$0
BUS SERVCS	02/2007	02/2007	NET 30		$0
CELLUL/PAG	11/2004	10/2004	NET 30		$0						CUST 5 YR
+CELLUL/PAG	01/2007		NET 30	$100	<$100	100%					CUST 8 YR
CELLUL/PAG	05/2005	04/2005	NET 30		$0						CHARGE OFF
-CHEMICALS	04/2006		NET 30	$200	$100		50%	50%
CHEMICALS	05/2007		NET 30	$500	$0
CHEMICALS	06/2007		NET 30	$300	$0
-COMPUTERS	06/2006	05/2006		$92,500	$29,000		24%	75%	1%
CONST MACH	09/2006		NET 30	$800	$0						CUST 6 YR
-ELEC EQUIP	04/2007	09/2006	CONTRCT	$18,900	$4,700					100%
-EQUIP LEAS	10/2007	06/2007	NET 30	$228,500	$16,000					100%
FACTOR	01/2007	07/1998	NET 30		$0
FINCL SVCS	03/2006	03/2006	CONTRCT		$0						SATSFTRY
+FRGHT FWRD	05/2007	05/2007	VARIED	$100	$100	100%
GENERAL	02/2005	05/2003	NET 30		$0						CUST 3 YR
+GIFTWARE	08/2005	08/2005	NET 60	$12,400	$9,500	100%					CUST 4 YR
INDUS MACH	07/2006		NET		$0
NEWSPAPERS	12/2006		NET 30	$7,900	$0						CUST 86 YR
-NEWSPAPERS	01/2007		NET 15	$7,200	$500				100%
NEWSPAPERS	07/2005		NET 30	$8,700	$0
-NEWSPAPERS	02/2007		NET 30	$25,600	$25,600			63%	37%
+OFFC EQUIP	11/2004	11/2004	NET 30	$600	$600	100%					CUST 3 YR
-RENTALS	10/2006		NET 10	$2,500	$2,500		1%	6%	93%
+TEMP HELP	01/2007		NET 10	$900	$300		100%
TRANSPORTN	11/2004		VARIED		$0

Monthly Payment Trends

Payment Trends Analysis
MISC APPAREL & ACCESSORIES-RETAIL INDUSTRY SIC: 5699

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

6

$931,700

80%

10%

10%

OCT07

77%

7

6

$961,700

81%

9%

9%

1%

SEP07

78%

7

7

$988,400

86%

3%

8%

1%

2%

AUG07

79%

6

5

$762,500

83%

12%

2%

3%

JUL07

80%

6

6

$799,800

87%

3%

8%

2%

JUN07

80%

6

3

$806,300

87%

8%

5%

MAY07

79%

6

0

$711,000

97%

3%

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	6	$846,700	85%	6%	6%	2%	1%
Q2 - 07	APR-JUN	2	$704,200	92%	6%	2%
Q1 - 07	JAN-MAR	7	$848,600	78%	10%	11%	1%
Q4 - 06	OCT-DEC	3	$628,600	84%	15%	1%
Q3 - 06	JUL-SEP	2	$779,000	92%	6%	2%

Inquiries

Summary of Inquiries
Business Category	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07	JUN07	MAY07	APR07
ACCT SVCS					1
ADV MEDIA			3
APPAREL									1
BRDCASTING			1
COMMUNICTN				1
COMMUN SVC		1	1	1
DISPOSAL				1
EQUIPMENT									1
FACTOR								1
FINCL SVCS							1
GENERAL		1	3		3		1
PACKAGING				2
PLUMBING							1
RENTALS				1
SERV ASSOC		1
TELECOM			1	1		1
Totals		3	9	7	4	1	4	1	2

UCC Profile

The number of UCC Filings is summarized with the 10 most recent listed below.

A full UCC detail report is available the same business day by entering UCC-701240668-C032336859 into the Business ID Number field on the BizApps order page.

UCC Summary		Filings
Date Range	Year	Cautionary UCCs^**	Total Filed	Released/ Term'd	Cont	Amended/ Assigned
JUL - PRESENT	2007	4	9	8
JAN - JUN	2007	1	1
JUL - DEC	2006	6	16			2
JAN - JUN	2006	4	6
JUL - DEC	2005	3	14			3
PRIOR TO JUL	2005	55	93		3	13
Total		73	139	8	3	18

** 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: 10/17/2007

Filing Number: 200710176012774

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: DOLPHIN CAPITAL CORPORATION MO MOBERLY 65270 1720 CRETE STRE

Collateral: UNDEFINED

UCC FILED Date: 08/24/2007

Filing Number: 207073531

Jurisdiction: SEC OF STATE TENNESS

Secured Party: THE CIT GROUP/BUSINESS CREDIT, INC., AS CA LOS ANGELES 9007

Collateral: HEREAFTER AQUIRED PROP, EQUIP, FURN & FIX, INVENTORY, UNDEFINED

UCC FILED Date: 08/23/2007

Filing Number: 2007082304705

Jurisdiction: SEC OF STATE PENNSYL

Secured Party: THE CIT GROUP/BUSINESS CREDIT, INC. AS A CA LOS ANGELES 9007

Collateral: EQUIP, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 08/23/2007

Filing Number: 20072265621

Jurisdiction: SECRETARY OF STATE O

Secured Party: THE CIT GROUP/BUSINESS CREDIT, INC. AS A CA LOS ANGELES 9007

Collateral: 

UCC FILED Date: 08/22/2007

Filing Number: 2007 3205480

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: THE CIT GROUP/BUSINESS CREDIT, INC. AS A CA LOS ANGELES 9007

Collateral: HEREAFTER AQUIRED PROP, INVENTORY, FURN & FIX, EQUIP, UNDEFINED

UCC FILED Date: 08/22/2007

Filing Number: 200723670935

Jurisdiction: SEC OF STATE WASHING

Secured Party: THE CIT GROUP/BUSINESS CREDIT, INC. AS A CA LOS ANGELES 9007

Collateral: 

UCC FILED Date: 08/15/2007

Filing Number: 2007 3253878

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: CAPITAL DATA, INC. WI MILWAUKEE 53202 310 EAST BUFFALO STREE

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 08/06/2007

Filing Number: 2007 3158978

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: NORTH FORK EQUIPMENT LEASING NY JERICHO 11753 99 JERICHO TUR

Collateral: EQUIP, UNDEFINED

UCC FILED Date: 03/26/2007

Filing Number: 200703268122331

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SALMON RUN SHOPPING CENTER LLC NY SYRACUSE 13202 4 CLINTON S

Collateral: ACCTS REC, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP

UCC FILED Date: 12/04/2006

Filing Number: 6421310 4

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: US EXPRESS LEASING, INC. NJ PARSIPPANY 07054 10 WATERVIEW BL

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

Commercial Finance Relationships

  Leasing Relationships

Leasing Company: NON-DISCLOSED

Origination Date: 01/2005

Original Lease Amount: $3,348

Lease Product Type: EQUIPMENT

Lease Close Date: 01/2008

Lease Term: 37 Months

Current Scheduled Amount Due: $90

Amount of Overdue Payments: $0

Remaining Balance: $93

Late Payments: 0

Company Background Information

  Additional Company Background Information

Key Personnel

Principal(s):	KYLE GROPH
	DOUG HUNTER, MIS MANAGE
	KEVIN HUNTER, PARTNER

Operating Information

Business Type: Institutions

Primary SIC Code: MISC APPAREL & ACCESSORIES-RETAIL - 5699

Secondary SIC Code: COLLEGES & UNIVERSITIES, NEC - 8221

Additional SIC Code: 5621 - 2389

Number of Employees: 749

Sales: $700,000,000

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