MIRA INFORM REPORT

Report Date :

3^rd March, 2007

IDENTIFICATION DETAILS

Name :	ALEMBIC, INC.

Registered Office :	1420 Mohawk Road, Mohegan Lake, New York 10547, United States.

Country :	United States

Date of Incorporation :	21.06.1995

Legal Form :	Corporation - Private

Line of Business :	Imports and Resells specialty chemicals.

RATING & COMMENTS

MIRA’s Rating :

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/normal.	Small

Status :	Satisfactory

Payment Behaviour :	Unknown

Litigation :	Clear

IDENTIFICATION & EXECUTIVE SUMMARY

Company Name : ALEMBIC, INC.

Address : 1420 MOHAWK ROAD

City : MOHEGAN LAKE

State/Province : NEW YORK

Zip Code : 10547

Country : UNITED STATES

Telephone : 914 526 4843

Facsimile : 914 526 2914

Legal Form : Corporation - Private

Website : No web site

@rating Opinion :

Business Activity : The Company imports and resells specialty chemicals.

As of :

Sales / Revenue :

Net Income :

Total Equity :

Number of Employees : 26

NOTE TO CLIENT

Contact person: Ms. Diane Fremont, President.

Ms. Fremont provided the information for this report.

LEGAL

Legal Form : Corporation - Private

Since (D/M/Y) : 21/06/1995

State/Province of Incorporation : NY

Status : ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

The Company is incorporated in the state of New York.

Selected Entity Name : ALEMBIC, INC.

Selected Entity Status Information Current Entity Name : ALEMBIC, INC.

Initial DOS Filing Date : JUNE 21, 1995

County : WESTCHESTER

Jurisdiction : NEW YORK

Entity Type : DOMESTIC BUSINESS CORPORATION

Current Entity Status : ACTIVE

Selected Entity Address Information DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

C/O THOMAS E TYRE

17D CROMWELL PLACE

MOHEGAN LAKE, NEW YORK, 10547-1134

Chairman or Chief Executive Officer

DIANE FREMONT

1420 MOHAWK RD

MOHEGAN LAKE, NEW YORK, 10547-1307

Principal Executive Office

DIANE FREMONT

1420 MOHAWK RD

MOHEGAN LAKE, NEW YORK, 10547-1307

Registered Agent

NONE

Managers/Key Personnel

Ms. Diane Fremont President

Mr. David Purpi Vice President

AFFILIATED ENTITIES

There are no affiliated companies or subsidiaries.

BANKS

Mellon Bank

Telephone: 1 800-336-8895

Facsimile:

Account Number:

Account Manager:

Ms. Fremont confirmed the bank, however, declined to provide any additional banking information.

PAYMENT HISTORY

No payment history was found on the Company.

FINANCIAL INFORMATION

Ms. Fremont declined to provide the Company's financials.

CURRENT OPERATIONS

NAICS Code: 4226 Chemical and Allied Products Wholesalers

Number of Employees: 26

Business Activity

The Company imports and resells specialty chemicals.

The Subject imports and resells various chemicals used as ingredients in the food and pharmaceutical fields.

The above heading address is the sole location and is a private residence.

TRADE REFERENCES

Ms. Fremont declined to provide trade references.

PUBLIC RECORD

No derogatory legal action was filed against the Subject nor were there any Uniform Commercial Codes that were filed by the Subject.

A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.

GENERAL COMMENTS

The Company imports and resells specialty chemicals. No payment history was found, and Management declined to provide trade references for the Company. Legal indicate no negative litigation taken against the Subject.

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/normal.	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