MIRA INFORM REPORT

Report Date :

02.01.2008

IDENTIFICATION DETAILS

Name :	CAROLINAS RECYCLING GROUP LLC

Registered Office :	PO Box 578 , Lyman, Sc 29365-0578

Country :	United States

Date of Incorporation :	02/1997

Legal Form :	Institutions

Line of Business :	Secondary nonferrous metals Scrap and waste materials whlsng

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 2 days

Litigation :		Clear
	Company Information

CAROLINAS RECYCLING GROUP LLC
PO BOX 578
LYMAN, SC 29365-0578
(864) 233-2747

Business Identification Number:

726605937

File Established:

02/1997

Date of Incorporation:

11/24/1998

SIC code:

SECONDARY NONFERROUS METALS - 3341

Matching Name and Address

This business is linked to the one displayed above. The report shows the best view of the business.

CAROLINA RECYLING GROUP
2061 NAZARETH CHURCH RD
SPARTANBURG, SC 29301-5943

Executive Summary

Intelliscore for CAROLINAS RECYCLING GROUP LLC

32.87

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
20% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

NUMBER OF RECENT COLLECTION ACCOUNTS

PRESENCE OF DELINQUENT ACCOUNTS

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

Current DBT range compared to all industries*

2 DBT
($64,700 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

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

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections: details (PLACED 07/07-11/07)

Sum of legal filings:

UCC filings: details (FILED 05/00-01/08)

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:

$64,700

Trade balance of all trades (41):

$189,400

Average balance previous 5 quarters:

$97,220

Highest credit amount extended: details

$66,700

6 month balance range:

$64,700 - $136,700

* 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 Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

7 month DBT trends

90+

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Current

Quarterly DBT trends (previous 5 quarters)

90+

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 05/28/2008: 2 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

Legal Filings and Collections

Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

11/2007

Open Account

$15,481

RECEIVABLE MANAGEMENT SERVICES

(000) 000-0000

07/2007

Open Account

$476

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

ADVERTISNG

03/2008

NET 30

CUST 5 YR

+AIR TRANS

02/2008

$1,900

$400

100%

CUST 22 YR

AIR TRANS

02/2008

NET 30

CUST 5 YR

+BLDG MATRL

02/2008

01/2008

CREDIT

$5,700

$3,000

100%

+COMMUN SVC

03/2008

NET 30

$66,700

$35,000

100%

CUST 4 YR

FACTOR

03/2008

05/2006

NET 30

CUST 3 YR

FACTOR

02/2008

NET 30

CUST 1 YR

FINCL SVCS

02/2008

11/2007

VARIED

$40,800

ACCTCLOSED

=FINCL SVCS

03/2008

02/2008

VARIED

$5,700

$3,100

79%

21%

+FREIGHT

03/2008

02/2008

VARIED

$8,900

$1,100

100%

GLASS

03/2008

01/2008

NET 30

$800

CUST 5 YR

+INDUS MACH

02/2008

NET 30

$600

33%

67%

=INDUS SUPL

03/2008

VARIED

$7,000

$6,400

30%

69%

CUST 8 YR

MACHINERY

01/2008

06/2007

NET 30

$400

MED SUPPLY

03/2008

VARIED

+PACKAGING

03/2008

12/2007

NET 30

$2,800

$1,200

100%

CUST 7 YR

PETROLEUM

03/2008

NET 20

$200

+PLUMBING

12/2007

NET 10

$900

<$100

100%

PRNTG&PUBL

03/2008

VARIED

=SAFTY PROD

03/2008

NET30

$3,300

$1,500

23%

77%

CUST 10 YR

-TRANSPORTN

03/2008

09/2007

NET 15

$13,900

$100

100%

DISPUTE

+TRANSPORTN

03/2008

NET 30

$1,000

$400

100%

PROMPT

TRANSPORTN

03/2008

01/2006

NET 20

+TRNS EQUIP

03/2008

$16,000

$11,800

100%

CUST 4 YR

WAREHOUSE

02/2008

CREDIT

$25,800

ACCTCLOSED

WAREHOUSE

02/2008

07/2007

CREDIT

$300

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

$202,700

$64,700

90%

10%

DBT: 2

Newly Reported

DBT:

Trade Lines Totals

$202,700

$64,700

90%

10%

DBT: 2

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

AUTO LEASE

11/2007

10/2007

VARIED

$43,600

ACCTCLOSED

-CHEMICALS

07/2006

05/2006

NET 30

$1,700

100%

=COMPUTERS

06/2006

05/2006

$43,300

$40,500

82%

14%

=CONST MACH

02/2008

VARIED

$13,600

95%

CUST 27 YR

=CONST MACH

05/2005

VARIED

$1,000

99%

CUST 24 YR

CONSTRUCTN

07/2006

N15PRXO

+CONSTRUCTN

03/2007

01/2007

VARIED

$9,600

$200

100%

CUST 4 YR

CRED CARD

03/2008

NET 30

$36,300

ACCTCLOSED

DP EQUIP

11/2005

NET 30

FACTOR

02/2007

01/2006

NET 30

$900

-FINCL SVCS

07/2006

COD

$3,800

100%

+MISC MANUF

04/2007

VARIED

$63,800

100%

MISC MANUF

01/2006

VARIED

$600

+TELECOM

04/2007

NET 30

$300

<$100

100%

EXLENT ACC

TRUCK DLR

01/2007

CONTRCT

$300

Monthly Payment Trends

Payment Trends Analysis
SECONDARY NONFERROUS METALS INDUSTRY SIC: 3341

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$64,700

90%

10%

FEB08

82%

$115,800

96%

JAN08

87%

$136,700

74%

25%

DEC07

85%

$106,300

96%

NOV07

72%

$109,400

98%

OCT07

71%

$122,000

99%

SEP07

71%

$116,200

98%

Quarterly Payment Trends

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q4 - 07

OCT-DEC

$112,600

98%

Q3 - 07

JUL-SEP

$120,200

98%

Q2 - 07

APR-JUN

$108,000

97%

Q1 - 07

JAN-MAR

$74,500

97%

Q4 - 06

OCT-DEC

$70,800

99%

Inquiries

Summary of Inquiries

Business
Category

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

BLDG MATRL

MACHINERY

TELECOM

Totals

UCC Profile

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

A full UCC detail report is available the same business day by entering UCC-726605937-C033279836
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

JAN - PRESENT

2008

JUL - DEC

2007

JAN - JUN

2007

JUL - DEC

2006

JAN - JUN

2006

PRIOR TO JAN

2006

Total

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

UCC Filings

UCC FILED Date: 01/02/2008

Filing Number: 080102-1052072

Jurisdiction: SEC OF STATE S CAROL

Secured Party: SUNTRUST LEASING CORPORATION MD TOWSON 21286 300 EAST JOPPA

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 09/06/2007

Filing Number: 070906-1605481

Jurisdiction: SEC OF STATE S CAROL

Secured Party: WACHOVIA BANK, NATIONAL ASSOCIATION, AS NC CHARLOTTE 28288

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 08/23/2007

Filing Number: 070823-1104521

Jurisdiction: SEC OF STATE S CAROL

Secured Party: SUNTRUST LEASING CORPORATION MD TOWSON 21286 300 EAST JOPPA

Collateral: EQUIP, HEREAFTER AQUIRED PROP, VEHICLES, UNDEFINED

UCC FILED Date: 08/06/2007

Filing Number: 070806-1009068

Jurisdiction: SEC OF STATE S CAROL

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION GA ALPHARETTA 30005 100

Collateral: HEREAFTER AQUIRED PROP, EQUIP, UNDEFINED

UCC FILED Date: 07/25/2007

Filing Number: 070725-1014216

Jurisdiction: SEC OF STATE S CAROL

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION GA ALPHARETTA 30005 100

Collateral: HEREAFTER AQUIRED PROP, EQUIP, UNDEFINED

UCC FILED Date: 06/11/2007

Filing Number: 070611-1410504

Jurisdiction: SEC OF STATE S CAROL

Secured Party: REGIONS EQUIPMENT FINANCE, LTD AL BIRMINGHAM 35203 1900 5TH

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 04/16/2007

Filing Number: 070416-1147052

Jurisdiction: SEC OF STATE S CAROL

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION GA ALPHARETTA 30005 100

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 11/01/2006

Filing Number: 061101-1015496

Jurisdiction: SEC OF STATE S CAROL

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION GA ALPHARETTA 30005 100

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 10/30/2006

Filing Number: 0060939382

Jurisdiction: ALABAMA SECRETARY OF

Secured Party: REGIONS BANK AL MONTGOMERY 36102 P.O. BOX 1203

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC AMENDED Date: 04/14/2006

Filing Number: 060414-0936314

Original Filing Date: 06/01/2006

Original Filing Number: 060601-144

Original Filing State: SC

Jurisdiction: SEC OF STATE S CAROL

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION

Collateral:

Commercial Finance Relationships

Leasing Relationships

Leasing Company: NON-DISCLOSED

Origination Date: 10/2006

Original Lease Amount: $1,880

Lease Product Type: EQUIPMENT

Lease Close Date: 10/2010

Lease Term: 48 Months

Payment Interval: 12/YEAR

Payment Type: FIXED

Current Due Date: 03/30/2008

Current Scheduled Amount Due: $39

Number of Payments Overdue: 1

Amount of Overdue Payments: $39

Remaining Balance: $1,253

Current Payments: 11

Late Payments: 5

Leasing Company: NON-DISCLOSED

Origination Date: 06/2005

Original Lease Amount: $1,776

Lease Product Type: EQUIPMENT

Lease Close Date: 09/2010

Lease Term: 64 Months

Current Scheduled Amount Due: $27

Amount of Overdue Payments: $0

Remaining Balance: $761

Late Payments: 0

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF TENNESSEE

State of Origin: TN

Date of Incorporation: 11/24/1998

Current Status: Inactive

Business Type: Institutions - Profit

Charter Number: 0371939

Agent: C T CORPORATION SYSTEM

Agent Address: 800 S GAY ST KNOXVILLE, TN

Additional Company Background Information

Key Personnel

Principal(s):	TOM TUSCHMAN, CHIEF EXEC
	DARLENE STRYK, OWNER
	JIMMY KNIGHT

Operating Information

Business Type: Institutions

Primary SIC Code: SECONDARY NONFERROUS METALS - 3341

Secondary SIC Code: SCRAP AND WASTE MATERIALS WHLSNG - 5093

Additional SIC Code: 3399 - 3312

Number of Employees: 100

Sales: $30,000,000

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