MIRA INFORM REPORT

Report Date :

18.10.2007

IDENTIFICATION DETAILS

Name :	UNITED SOUTHERN WASTE MATERIAL CO

Registered Office :	2800 W Illinois Ave, Dallas, TX 75233-1006

Country :	United States

Date of Incorporation :	Prior To 01/1977

Legal Form :	Institutions

Line of Business :	Industrial Launderers

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.	Small

Status :	Moderate

Payment Behaviour :	Slow by 10 days

Litigation :	Clear

Company Information

UNITED SOUTHERN WASTE MATERIAL CO
2800 W ILLINOIS AVE
DALLAS, TX 75233-1006
(214) 467-9100

Business Identification Number:

771242925

File Established:

PRIOR TO 01/1977

SIC code:

INDUSTRIAL LAUNDERERS – 7218

Tax ID:

75-0713383

Executive Summary

Intelliscore for UNITED SOUTHERN WASTE MATERIAL CO

58.51

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

MEDIUM TO HIGH RISK
39% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF CURRENT ACCOUNTS

NUMBER OF TRADES NET 1-30 TERMS

NUMBER OF RECENTLY ACTIVE ACCOUNTS

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

Current DBT range compared to all industries*

10 DBT
($21,400 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: details (PLACED 02/07)

Sum of legal filings:

UCC filings: details (FILED 12/06)

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:

$21,400

Trade balance of all trades (19):

$24,900

Average balance previous 5 quarters:

$16,220

Highest credit amount extended: details

$37,700

6 month balance range:

$7,800 - $38,700

* 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: 10 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid slower 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

02/2007

Open Account

$272

RECEIVABLE MANAGEMENT SERVICES

(000) 000-0000

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

COMPUTERS

09/2007

01/2004

CREDIT

$15,000

FACTOR

10/2007

NET 30

CUST 2 YR

FACTOR

10/2007

03/2005

NET 30

CUST 3 YR

+FRGHT FWRD

06/2007*

06/2007

VARIED

$300

100%

NEWSPAPERS

09/2007

07/2007

NET 30

$400

OFFC SUPPL

09/2007

07/2007

CREDIT

$7,500

ACCTCLOSED

=PACKAGING

09/2007

08/2007

1/10N30

$37,700

$21,300

45%

48%

PLUMBING

08/2007

08/2003

NET30

CUST 10 YR

+SAFTY PROD

09/2007

NET 30

$100

100%

SAFTY PROD

07/2007

11/1999

NET 30

CUST 8 YR

TRANSPORTN

09/2007

NET 30

CUST < 1 Y

TRANSPORTN

10/2007

NET 20

$400

WAREHOUSE

09/2007

06/2007

VARIED

$300

CUST 2 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

$61,400

$21,400

45%

48%

DBT: 10

Newly Reported

$300

100%

DBT: 0

Trade Lines Totals

$61,700

$21,700

46%

47%

DBT: 10

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

$700

$300

76%

24%

COLLECTION

+CRED CARD

06/2007

04/2007

REVOLVE

$900

100%

CUST 11 YR

+FACTOR

09/2006

08/2006

NET 30

$1,200

100%

FACTOR

09/2006

NET 30

GENERAL

02/2005

03/2003

NET 30

CUST 6 YR

+INDUS MACH

12/2006

COD

$800

100%

Monthly Payment Trends

Payment Trends Analysis
INDUSTRIAL LAUNDERERS INDUSTRY SIC: 7218

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$21,400

45%

48%

AUG07

92%

$24,000

44%

56%

JUL07

92%

$38,700

54%

19%

27%

JUN07

92%

$21,800

100%

MAY07

92%

$21,600

98%

APR07

92%

$12,800

44%

56%

MAR07

93%

$7,800

56%

44%

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

$27,900

49%

37%

14%

Q2 - 07

APR-JUN

$18,700

86%

14%

Q1 - 07

JAN-MAR

$12,300

74%

26%

Q4 - 06

OCT-DEC

$14,000

80%

20%

Q3 - 06

JUL-SEP

$8,200

80%

20%

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: 12/07/2006

Filing Number: 0600398716

Jurisdiction: SEC OF STATE TEXAS

Secured Party: JPMORGAN CHASE BANK, NA TX HOUSTON 77210 COLLATERAL MGMT SMA

Collateral: EQUIP, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF TEXAS

State of Origin: TX

Current Status: Inactive

Business Type: Institutions - Profit

Charter Number: 0008717100

Federal Tax ID: 75-0713383

State Tax ID: 17507133837

Agent: SOL LEVINE

Agent Address: 301 N WALTON ST DALLAS, TX

Additional Company Background Information

Key Personnel

Principal(s):	DORIS LEVINE, OWNER
	MIKE LEVINE, PRESIDENT
	PHYLLIS SCOTT, DIRECTOR

Operating Information

Business Type: Institutions

Primary SIC Code: INDUSTRIAL LAUNDERERS - 7218

Secondary SIC Code: SURFACE ACTIVE AGENTS - 2843

Additional SIC Code: 5093 - 5251

Number of Employees: 150

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