MIRA INFORM REPORT

Report Date :

05.11.2007

IDENTIFICATION DETAILS

Name :	LEVIAN CORP
Registered Office :	235 Great Neck Road, Great Neck, New York 11021 – 3301
Country :	United States
Date of Incorporation :	03 / 1980
Com. Reg. No.:	701911549
Legal Form :	Institutions
Line of Business :	Schools and Educational SVCS

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 :	Slow by 5 days
Litigation :	Clear

Company Information

LEVIAN CORP
235 GREAT NECK RD
GREAT NECK, NY 11021-3301
(516) 466-7200

Business Identification Number:

701911549

File Established:

03/1980

Date of Incorporation:

09/24/1998

SIC code:

SCHOOLS & EDUCATIONAL SVCS, NEC - 8299

Executive Summary

  Intelliscore for LEVIAN CORP

51.40

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

100

High risk

Low risk

MEDIUM TO HIGH RISK
30% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF CURRENT ACCOUNTS
	NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS
	LENGTH OF CREDIT HISTORY GREATER THAN AVERAGE
	RATIO OF ACCOUNTS PAYING FASTER THAN INDUSTRY

  Current DBT range compared to all industries*

5 DBT
($79,000 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

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

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings: details (FILED 03/01)

1

Total collections: details (PLACED 08/04)

1

Sum of legal filings:

$1,193

UCC filings: details (FILED 12/03-04/07)

7

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

3

Highest DBT previous 6 months:

7

Highest DBT previous 5 quarters:

7

Total continuous trades:

4

Current continuous trade balance:

$79,000

Trade balance of all trades (10):

$89,000

Average balance previous 5 quarters:

$42,760

Highest credit amount extended: details

$80,400

6 month balance range:

$23,500 - $80,500

* 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 Receivable, Contracts, Hereafter Acquired Inventory, Leases, Notes Receivable or Proceeds.

  7 month DBT trends

90+

60

30

0

7

6

3

2

5

5

0

Apr07

May07

Jun07

Jul07

Aug07

Sep07

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

0

2

3

6

4

0

3Q06

4Q06

1Q07

2Q07

3Q07

Performance Analysis

Predicted DBT for 01/02/2008: 5 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 CONTRCT

Legal Filings and Collections

Collections
Date Placed	Status	Original Balance	Outstanding Balance	Date Closed	Agency	Agency Phone
08/2004	Open Account	$11,818	$11,818		CITI - DELL COLLECTIONS	(800) 685-4484

Judgments
File Date	Filing Type	Status	Amount	Plaintiff	Filing Number	Jurisdiction
03/25/2002	Judgment	Satisfied	$1,193	NYC DEPARTMENT OF FINANCE	001390613	NEW YORK COUNTY REG
03/12/2001	Judgment	Filed	$1,193	NYC DEPARTMENT OF FINANCE	001390613	NEW YORK 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
+AIR TRANS	09/2007			$80,400	$78,900	65%	35%				CUST 17 YR
OFFC SUPPL	10/2007	05/2007	CREDIT	$10,500	$0
PACKAGING	10/2007		NET 30		$0						CUST 1 YR
+TELECOM	10/2007		NET 30	$300	$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	4	$91,200	$79,000	65%	35%				DBT: 5
Newly Reported	0								DBT:
Trade Lines Totals	4	$91,200	$79,000	65%	35%				DBT: 5

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		$0						CUST 2 YR
CELLUL/PAG	10/2005	09/2005	NET 30	$200	$0						CUST 4 YR
+LEASING	06/2007		CONTRCT	$16,000	$9,900	100%					CUST 1 YR
-OFFC SUPPL	06/2005	03/2005	NET	$1,200	$100				100%		HLDG-ORD
OFFC SUPPL	11/2005	04/2003	CREDIT		$0						CUST 3 YR
TEMP HELP	08/2006		NET 7	$400	$0

Monthly Payment Trends

Payment Trends Analysis
SCHOOLS & EDUCATIONAL SVCS, NEC INDUSTRY SIC: 8299

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

5

$79,000

65%

35%

SEP07

90%

5

5

$79,000

65%

35%

AUG07

88%

5

2

$57,000

84%

16%

JUL07

89%

5

3

$64,500

82%

18%

JUN07

90%

5

6

$72,700

57%

43%

MAY07

90%

5

7

$80,500

56%

44%

APR07

90%

4

0

$23,500

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	4	$66,800	76%	24%
Q2 - 07	APR-JUN	6	$58,900	62%	38%
Q1 - 07	JAN-MAR	3	$37,700	81%	19%
Q4 - 06	OCT-DEC	2	$24,800	86%	14%
Q3 - 06	JUL-SEP	0	$25,600	97%	3%

Inquiries

Summary of Inquiries
Business Category	NOV07	OCT07	SEP07	AUG07	JUL07	JUN07	MAY07	APR07	MAR07
BANK					1
CRED CARD		1
TELECOM							1
Totals		1			1		1

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		1
JUL - DEC	2006	1	1
JAN - JUN	2006	1	1
JUL - DEC	2005	1	1
PRIOR TO JUL	2005		3
Total		3	7

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

  UCC Filings

UCC FILED Date: 04/17/2007

Filing Number: 200704175406701

Jurisdiction: SEC OF STATE NEW YOR

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

Collateral: EQUIP, FURN & FIX

UCC FILED Date: 07/03/2006

Filing Number: 200607035663130

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: BANK OF AMERICA, N.A. CT FARMINGTON 06032 70 BATTERSON PARK

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 06/27/2006

Filing Number: 200606270533986

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: BANK OF AMERICA, N.A. CT FARMINGTON 06032 70 BATTERSON PARK

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

UCC FILED Date: 12/13/2005

Filing Number: 200512136087747

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: CANON FINANCIAL SERVICES, INC. NJ MOUNT LAUREL 08054 158 GAI

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 05/12/2004

Filing Number: 200405120497575

Jurisdiction: SEC OF STATE NEW YOR

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

Collateral: EQUIP, UNDEFINED

UCC FILED Date: 03/29/2004

Filing Number: 200403290313629

Jurisdiction: SEC OF STATE NEW YOR

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

Collateral: EQUIP, UNDEFINED

UCC FILED Date: 12/05/2003

Filing Number: 200312051937578

Jurisdiction: SEC OF STATE NEW YOR

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

Collateral: EQUIP, UNDEFINED

Commercial Finance Relationships

  Leasing Relationships

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 12/2005

Original Lease Amount: $33,300

Lease Product Type: EQUIPMENT

Lease Term: 60 Months

Current Due Date: 10/01/2007

Current Scheduled Amount Due: $515

Amount of Overdue Payments: $0

Remaining Balance: $21,605

Current Payments: 16

Late Payments: 5

Company Background Information

  Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF NEW YORK

State of Origin: NY

Date of Incorporation: 09/24/1998

Business Type: Institutions - Non-Profit

Charter Number: 2300383

Agent: THE CORPORATION

Agent Address: 235 GREAT NECK RD GREAT NECK, NY

  Additional Company Background Information

Key Personnel

Principal(s):	LINDA HALLER, OWNER
	LARRY LE VIAN, OWNER
	VIN VAJJHALA, VICE PRESI

Operating Information

Business Type: Institutions

Primary SIC Code: SCHOOLS & EDUCATIONAL SVCS, NEC - 8299

Secondary SIC Code: JEWELRY, PRECIOUS METAL - 3911

Additional SIC Code: 7389 - 5944

Number of Employees: 90

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