MIRA INFORM REPORT

Report Date :

05.11.2007

IDENTIFICATION DETAILS

Name :	TRICON ENERGY LTD

Registered Office :	777 Post Oak BLVD Ste 650 Houston, Tx 77056 - 3213

Country :	United States

Date of Incorporation :	01/1997

Com. Reg. No.:	785396482

Legal Form :	Institutions

Line of Business :	Investors

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

Executive Summary

Intelliscore for TRICON ENERGY INC

61.59

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
45% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF DELINQUENT ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

Current DBT range compared to all industries*

0 DBT
($4,863,200 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT Same industry: 4 DBT

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections:

Sum of legal filings:

UCC filings: details (FILED 02/03-01/06)

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:

$4,863,200

Trade balance of all trades (8):

$4,863,200

Average balance previous 5 quarters:

$1,495,180

Highest credit amount extended: details

$4,512,500

6 month balance range:

$3,200 - $4,863,200

* 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+

Apr07

May07

Jun07

Jul07

Aug07

Sep07

Current

Quarterly DBT trends (previous 5 quarters)

90+

3Q06

4Q06

1Q07

2Q07

3Q07

Performance Analysis

Predicted DBT for 01/02/2008: 1 DBT

Payment Trend Indication:
Show No Identifiable Trend

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

09/2007

$4,000

$1,000

89%

11%

CUST 11 YR

COMPUTERS

10/2007

10/2003

CREDIT

$7,500

+MISC MANUF

10/2007

VARIED

$4,512,500

$4,360,600

100%

+PETROLEUM

10/2007

SPECIAL

+$500,000

100%

+TELECOM

10/2007

NET 30

$4,700

$1,600

64%

36%

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

+$5,028,700

+$4,863,200

100%

DBT: 0

Newly Reported

DBT:

Trade Lines Totals

+$5,028,700

$4,863,200

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 3 YR

COMPUTERS

05/2005

CREDIT

CUST 37 YR

LEASING

06/2005

CONTRCT

$900

CUST 1 YR

Monthly Payment Trends

Payment Trends Analysis
INVESTORS, NEC INDUSTRY SIC: 6799

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

+$4,863,200

100%

SEP07

91%

$3,296,400

100%

AUG07

87%

$3,200

74%

26%

JUL07

86%

+$503,800

100%

JUN07

86%

$2,268,700

100%

MAY07

83%

+$505,100

100%

APR07

90%

$2,672,600

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

+$1,267,800

100%

Q2 - 07

APR-JUN

+$1,815,500

100%

Q1 - 07

JAN-MAR

+$2,879,400

100%

Q4 - 06

OCT-DEC

$1,508,600

100%

Q3 - 06

JUL-SEP

$4,600

74%

26%

Inquiries

Summary of Inquiries

Business
Category

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

MAR07

BUREAU

CHEMICALS

GENERAL

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

UCC Filings

UCC FILED Date: 01/04/2006

Filing Number: 0600001914

Jurisdiction: SEC OF STATE TEXAS

Secured Party: FORTIS BANK S.A./N.V. YY LONDON EX3A7 CAMOMILE COURT 23 CAMO

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 10/17/2003

Filing Number: 0400452149

Jurisdiction: SEC OF STATE TEXAS

Secured Party: ING BELGIUM, BRUSSELS, GENEVA BRANCH YY CH-1204 GENEVA

Collateral:

UCC FILED Date: 03/28/2003

Filing Number: 0300223152

Jurisdiction: SEC OF STATE TEXAS

Secured Party: RZB FINANCE LLC NY NEW YORK 10036 1133 AVENUE OF THE AMERICA

Collateral:

UCC FILED Date: 03/28/2003

Filing Number: 30770750002

Jurisdiction: SEC OF STATE TEXAS

Secured Party: RZB FINANCE LLC NY NEW YORK 10036 1133 AVENUE OF THE AMERICA

Collateral:

UCC FILED Date: 02/24/2003

Filing Number: 2003022954

Jurisdiction: WASHINGTON DC RECORD

Secured Party: FORTIS BANK SA/NV LONDON CAMOMILE COURT, 23 CAMOMIL

Collateral: INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 02/21/2003

Filing Number: 0300180707

Jurisdiction: SEC OF STATE TEXAS

Secured Party: FORTIS BANK SA/NV YY LONDON EC3A7 23 CAMOMILE ST

Collateral:

UCC FILED Date: 02/21/2003

Filing Number: 0300180708

Jurisdiction: SEC OF STATE TEXAS

Secured Party: FORTIS BANK SA/NV YY LONDON EC3A7 23 CAMOMILE ST

Collateral:

UCC FILED Date: 02/21/2003

Filing Number: 27590020002

Jurisdiction: SEC OF STATE TEXAS

Secured Party: FORTIS BANK SA/NV YY LONDON EC3A7 23 CAMOMILE ST

Collateral:

UCC FILED Date: 02/21/2003

Filing Number: 27590020003

Jurisdiction: SEC OF STATE TEXAS

Secured Party: FORTIS BANK SA/NV YY LONDON EC3A7 23 CAMOMILE ST

Collateral:

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF TEXAS

State of Origin: TX

Current Status: Active

Business Type: Institutions - Profit

Charter Number: 0139761200

State Tax ID: 17605021108

Agent: DAYLE C PUGH

Agent Address: 909 FANNIN ST HOUSTON, TX

Additional Company Background Information

Operating Information

Business Type: Institutions

Primary SIC Code: INVESTORS, NEC - 6799

Number of Employees: 20

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

Executive Summary

Performance Analysis

Trade Payment Information

Trade Payment Totals

Additional Payment Experiences

Monthly Payment Trends

Quarterly Payment Trends

Inquiries

UCC Profile

UCC Filings

Company Background Information