MIRA INFORM REPORT

Report Date :

15.10.2007

IDENTIFICATION DETAILS

Name :	HUNTINGTON ALLOYS

Registered Office :	3200 Riverside Dr, Huntington, WV 25705-1737

Country :	United States

Date of Incorporation :	09/23/1955

Legal Form :	Institutions

Line of Business :	Nonferrous Rolling & Drawing

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

Company Information

HUNTINGTON ALLOYS
3200 RIVERSIDE DR
HUNTINGTON, WV 25705-1737
(304) 526-5419

Business Identification Number:

843574973

File Established:

PRIOR TO 01/1977

Date of Incorporation:

09/23/1955

SIC code:

NONFERROUS ROLLING & DRAWING, NEC - 3356

Executive Summary

Intelliscore for HUNTINGTON ALLOYS

73.24

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

LOW TO MEDIUM RISK
75% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

NUMBER OF DELINQUENT ACCOUNTS

NUMBER OF CURRENT ACCOUNTS

Current DBT range compared to all industries*

0 DBT
($13,000 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

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

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections:

Sum of legal filings:

UCC filings: details (FILED 02/03-01/07)

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:

$13,000

Trade balance of all trades (23):

$25,400

Average balance previous 5 quarters:

$10,560

Highest credit amount extended: details

$30,600

6 month balance range:

$800 - $39,500

* 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+

Mar07

Apr07

May07

Jun07

Jul07

Aug07

Current

Quarterly DBT trends (previous 5 quarters)

90+

3Q06

4Q06

1Q07

2Q07

3Q07

Performance Analysis

Predicted DBT for 12/12/2007: 1 DBT

Payment Trend Indication:
Are Stable

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

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

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

BLDG MATRL

09/2007

VARIED

$13,800

DP EQUIP

08/2007

NET 30

$200

+ELEC EQUIP

08/2007

NET 30

$2,200

100%

CUST 76 YR

+ELEC EQUIP

07/2007

05/2007

CONTRCT

$30,600

$10,400

100%

ELEC SUPLR

09/2007*

=FREIGHT

06/2007

VARIED

$500

$100

100%

PACKAGING

10/2007

NET 30

$2,800

CUST 8 YR

+SAFTY PROD

09/2007

NET 30

$1,600

$300

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

$51,700

$13,000

99%

DBT: 0

Newly Reported

DBT: 0

Trade Lines Totals

$51,700

$13,000

99%

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

CUST 3 YR

=COMPUTERS

06/2006

05/2006

$14,700

$600

97%

ELEC DISTR

05/2006

NET 30

ELEC EQUIP

01/2005

NET 30

$100

-ELEC MFG

05/2006

CIA

$2,000

$200

100%

CUST 10 YR

ELEC SUPLR

04/2005

VARIED

=INDUS SUPL

05/2007

04/2007

VARIED

$14,700

$4,400

26%

74%

CUST 12 YR

-LEASING

10/2004

09/2004

N30

$3,700

100%

CUST 1 YR

MACH DISTR

12/2005

VARIED

METAL DIST

10/2004

12/2002

VARIED

CUST 4 YR

METAL DIST

01/2005

11/2004

5/10N30

$200

-MISC MANUF

04/2007

03/2007

VARIED

$23,400

$1,400

100%

=OFFC EQUIP

11/2005

10/2005

NET 30

$1,000

100%

CUST 5 YR

-PREC INSTR

09/2006

08/2006

NET 30

$1,100

100%

TRANSPORTN

11/2004

VARIED

$500

Monthly Payment Trends

Payment Trends Analysis
NONFERROUS ROLLING & DRAWING, NEC INDUSTRY SIC: 3356

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$13,000

99%

AUG07

81%

$29,300

94%

JUL07

81%

$21,200

99%

JUN07

78%

$39,500

96%

MAY07

74%

$22,600

97%

APR07

81%

$21,100

99%

MAR07

85%

$800

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

$21,800

95%

Q2 - 07

APR-JUN

$27,700

97%

Q1 - 07

JAN-MAR

$900

94%

Q4 - 06

OCT-DEC

$1,600

87%

13%

Q3 - 06

JUL-SEP

$800

84%

16%

Inquiries

Summary of Inquiries

Business
Category

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

MAR07

FEB07

GENERAL

Totals

UCC Profile

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

A full UCC detail report is available within 72 hours by entering UCC-843574973-C032140911 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

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: 01/17/2007

Filing Number: 2007 0211143

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: NALCO COMPANY IL NAPERVILLE 60563 1601 WEST DIEHL ROAD

Collateral: EQUIP, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 03/15/2006

Filing Number: 200600852095

Jurisdiction: SEC OF STATE W VIRGI

Secured Party: PORTMAN EQUIPMENT WV NITRO 25143 5 PARK ROAD

Collateral: EQUIP

UCC FILED Date: 12/09/2005

Filing Number: 5388150 6

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: ALLIED METALS CORPORATION MI TROY 48083 1750 STEPHENSON HWY.

Collateral: INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 09/14/2005

Filing Number: 200500761747

Jurisdiction: SEC OF STATE W VIRGI

Secured Party: PORTMAN EQUIPMENT WV NITRO 25143 5 PARK ROAD

Collateral: EQUIP

UCC FILED Date: 06/24/2005

Filing Number: 200500717101

Jurisdiction: SEC OF STATE W VIRGI

Secured Party: PORTMAN EQUIPMENT WV NITRO 25143 5 PARK ROAD

Collateral: EQUIP

UCC FILED Date: 11/10/2004

Filing Number: 4317360 8

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: REPUBLIC BANK UT WEST BOUNTIFUL 84087 801 NORTH 500 WEST SUI

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 06/16/2004

Filing Number: 4165823 8

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: INTERNATIONAL NICKEL, INC. NJ SADDLE BROOK 07663 PARK 80 WES

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 06/16/2004

Filing Number: 4165829 5

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: INTERNATIONAL NICKEL, INC. NJ SADDLE BROOK 07663 PARK 80 WES

Collateral: UNDEFINED

UCC FILED Date: 11/26/2003

Filing Number: 3313677 0

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: CREDIT LYONNAIS, NEW YORK BRANCH, AS AGE NY NEW YORK 10019 1

Collateral: UNDEFINED

UCC FILED Date: 11/12/2003

Filing Number: 3298085 5

Jurisdiction: SEC OF STATE DELAWAR

Secured Party:

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

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 09/23/1955

Current Status: Inactive

Business Type: Institutions - Profit

Charter Number: 00309624

Additional Company Background Information

Key Personnel

Principal(s):	WILLIAM BELCHER, PLANT MANA
	JAMES GILLISPIE
	MARY J. FLAGG

Operating Information

Business Type: Institutions

Primary SIC Code: NONFERROUS ROLLING & DRAWING, NEC - 3356

Number of Employees: 1,153

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