MIRA INFORM REPORT

Report Date :

08.10.2007

IDENTIFICATION DETAILS

Name :	TECUMSEH POWER CO INC

Registered Office :	325 Industrial Park Rd, Dunlap, Tn 37327-3468

Country :	United States

Date of Incorporation :	03/2004

Legal Form :	Limited Liability Company

Line of Business :	Internal Combustion Engines

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 :	Slow by 8 days

Litigation :	Clear

Company Information

TECUMSEH POWER CO INC
325 INDUSTRIAL PARK RD
DUNLAP, TN 37327-3468
(423) 949-5470

Business Identification Number:

738127342

File Established:

03/2004

SIC code:

INTERNAL COMBUSTION ENGINES, NEC - 3519

Executive Summary

Current DBT range compared to all industries*

8 DBT
($200 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

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

Quarterly DBT trends (previous 5 quarters)

90+

3Q06

4Q06

1Q07

2Q07

3Q07

7 month DBT trends

90+

103

Mar07

Apr07

May07

Jun07

Jul07

Aug07

Current

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections:

Sum of legal filings:

UCC filings:

Cautionary UCC filings present?

Trade Information

Monthly average DBT:

Highest DBT previous 6 months:

103

Highest DBT previous 5 quarters:

103

Total continuous trades:

Current continuous trade balance:

$200

Trade balance of all trades (2):

$200

Average balance previous 5 quarters:

$180

Highest credit amount extended: details

$3,600

6 month balance range:

$200 - $1,000

Performance Analysis

Predicted DBT for 12/05/2007: 20 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid the same as similar firms

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

* 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.

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

+FREIGHT

06/2007

VARIED

$3,600

$200

49%

51%

PACKAGING

09/2007

NET 30

CUST 1 YR

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

$3,600

$200

49%

51%

DBT: 8

Newly Reported

DBT:

Trade Lines Totals

$3,600

$200

49%

51%

DBT: 8

Monthly Payment Trends

Payment Trends Analysis
INTERNAL COMBUSTION ENGINES, NEC INDUSTRY SIC: 3519

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$200

49%

51%

AUG07

80%

$200

49%

51%

JUL07

78%

$200

49%

51%

JUN07

80%

$200

49%

51%

MAY07

80%

103

$1,000

94%

APR07

80%

103

$1,000

94%

MAR07

82%

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

$200

49%

51%

Q2 - 07

APR-JUN

$700

85%

Q1 - 07

JAN-MAR

Q4 - 06

OCT-DEC

Q3 - 06

JUL-SEP

Company Background Information

Additional Company Background Information

Key Personnel

Principal(s):

EARL JOHNSON, PLANT MANA

Primary SIC Code: INTERNAL COMBUSTION ENGINES, NEC - 3519

Number of Employees: 600

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