MIRA INFORM REPORT

Report Date :

20.10.2007

IDENTIFICATION DETAILS

Name :	CORP SERVICE CO

Registered Office :	2711 Centerville Rd Ste 400, Wilmington, DE 19808-1645

Country :	United States

Date of Incorporation :	04/17/1920

Legal Form :	Institutions

Line of Business :	Business Consulting Services

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 :	No Complaints

Litigation :	Clear

Company Information

CORP SERVICE CO
2711 CENTERVILLE RD STE 400
WILMINGTON, DE 19808-1645
(302) 636-5400

Business Identification Number:

715432198

File Established:

PRIOR TO 01/1977

Date of Incorporation:

04/17/1920

SIC code:

BUSINESS SERVICES, NEC - 7389

Executive Summary

Intelliscore for CORP SERVICE CO

54.20

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
32% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF CURRENT ACCOUNTS

LENGTH OF CREDIT HISTORY GREATER THAN AVERAGE

BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

Research Tips

Additional information may be available on this business.

Other recommended searches:

Order Public Record

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings: details (FILED 09/04)

Judgment filings:

Total collections:

Sum of legal filings:

$1,773

UCC filings: details (FILED 05/03)

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:

Trade balance of all trades (10):

$427,700

Average balance previous 5 quarters:

$40

Highest credit amount extended: details

$5,000

6 month balance range:

$0 - $0

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

Legal Filings and Collections

Tax Liens

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

10/11/2004

State Tax Lien

Released

$1,773

2004193887

TRAVIS COUNTY CLERK-

09/21/2004

State Tax Lien

Filed

$1,773

2004179917

TRAVIS COUNTY CLERK-

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

ELEC EQUIP

09/2007

07/2006

CREDIT

$300

CUST 1 YR

GENL MERCH

09/2007

02/2007

CREDIT

$5,000

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

$5,300

DBT: 0

Newly Reported

DBT:

Trade Lines Totals

$5,300

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 1 YR

BUS SERVCS

08/2006

07/2006

NET 30

=COMPUTERS

06/2006

05/2006

$1,361,800

$426,600

86%

13%

+NEWSPAPERS

05/2005

NET 30

$700

100%

PACKAGING

09/2006

NET 30

CUST 3 YR

+PETROLEUM

10/2004

VARIED

$100

100%

PROMPT

=PETROLEUM

03/2007

02/2007

VARIED

$400

$300

47%

53%

CUST 5 YR

TELECOM

03/2005

09/2004

NET 30

CUST 2 YR

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

Q2 - 07

APR-JUN

Q1 - 07

JAN-MAR

Q4 - 06

OCT-DEC

Q3 - 06

JUL-SEP

$200

100%

Inquiries

Summary of Inquiries

Business
Category

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

MAR07

FEB07

ACCT SVCS

ADVERTISNG

FARM MACH

GENERAL

HEATNG&A/C

LEASING

PAINTS

TELECOM

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 CONTINUED Date: 10/03/2006

Filing Number: 7128857784

Original Filing Date: 10/03/2006

Original Filing Number: 1365945

Original Filing State: AR

Jurisdiction: PULASKI COUNTY CIRCU

Secured Party:

Collateral:

UCC TERMINATED Date: 06/01/2004

Filing Number: 4164525 0

Original Filing Date: 06/24/2003

Original Filing Number: 31599334

Original Filing State: DE

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: BANK OF AMERICA, N.A.

Collateral:

UCC FILED Date: 05/01/2003

Filing Number: 3112430 7

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: CITIZENS BANK OF MASSACHUSETTS, AS AGENT MA BOSTON 02109 55

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

Commercial Finance Relationships

Banking Relationships

Financial Institution: CITIZENS SAVINGS BANK

Address: 1 CITIZENS PLAZA PROVIDENCE RI02903

Phone: (401) 456-7000

Account Type: BORROWER

Date Opened: 06/05/2003

Account Rating: NO COMMENT AS OF 02/28/2005

Note: NOTE: ACCOUNT CLOSED AS OF 01/04/2005

Financial Institution: CITIZENS SAVINGS BANK

Address: 1 CITIZENS PLAZA PROVIDENCE RI02903

Phone: (401) 456-7000

Account Type: BORROWER

Date Opened: 06/05/2003

Account Rating: NO COMMENT AS OF 02/28/2005

Account Balance: HIGH SEVEN FIGURES

Financial Institution: CITIZENS SAVINGS BANK

Address: 1 CITIZENS PLAZA PROVIDENCE RI02903

Phone: (401) 456-7000

Account Type: BORROWER

Date Opened: 06/05/2003

Account Rating: NO COMMENT AS OF 08/31/2006

Note: NOTE: ACCOUNT CLOSED AS OF 12/19/2005

Financial Institution: CITIZENS SAVINGS BANK

Address: 1 CITIZENS PLAZA PROVIDENCE RI02903

Phone: (401) 456-7000

Account Type: BORROWER

Date Opened: 08/18/2006

Account Rating: NO COMMENT AS OF 09/29/2006

Financial Institution: CITIZENS BANK-COMMERCIAL REAL

Address: ONE CITIZENS DRIVE RIVERSIDE RI02915

Phone: (401) 456-7495

Account Type: BORROWER

Date Opened: 06/05/2003

Account Rating: NO COMMENT AS OF 05/31/2005

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF MONTANA

State of Origin: MT

Date of Incorporation: 04/17/1920

Current Status: Active - IN GOOD STANDING

Business Type: Institutions - Unknown

Charter Number: F021623

Additional Company Background Information

Key Personnel

Principal(s):	DONALD CARTWRIGHT
	MIKE HISLOP
	KEVIN OUBRE, MANAGER

Operating Information

Business Type: Institutions

Primary SIC Code: BUSINESS SERVICES, NEC - 7389

Secondary SIC Code: BUSINESS CONSULTING SERVICES, NEC - 8748

Additional SIC Code: 8999 - 8111

Number of Employees: 21

Sales: $3,000,000

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