MIRA INFORM REPORT

Report Date :

22.04.2008

IDENTIFICATION DETAILS

Name :	CONTROL COMPONENTS INC
Registered Office :	22591 Avenida Empresa Rcho Sta Marg, CA 92688-2003
Country :	United States
Date of Incorporation :	09.10.1981
Com. Reg. No.:	811375710
Legal Form :	Private Limited Company
Line of Business :	Auto and Home Supply Retail Stores

RATING & COMMENTS

MIRA’s Rating :

Ba

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 3 days
Litigation :	Clear

Company Information

CONTROL COMPONENTS INC
22591 AVENIDA EMPRESA
RCHO STA MARG, CA 92688-2003
(949) 858-1877

Business Identification Number:

811375710

File Established:

04/1987

Date of Incorporation:

09/10/1981

SIC code:

AUTO & HOME SUPPLY RETAIL STORES - 5531

Executive Summary

  Intelliscore for CONTROL COMPONENTS INC

51.65

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

100

High risk

Low risk

MEDIUM TO HIGH RISK
30% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF TRADES NET 1-30 TERMS
	NUMBER OF CURRENT ACCOUNTS
	NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS
	NUMBER OF RECENTLY ACTIVE ACCOUNTS

  Current DBT range compared to all industries*

3 DBT
($1,034,200 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 8 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections: details (PLACED 11/05-10/06)

4

Sum of legal filings:

$0

UCC filings: details (FILED 02/06-11/06)

3

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

2

Highest DBT previous 6 months:

4

Highest DBT previous 5 quarters:

4

Total continuous trades:

28

Current continuous trade balance:

$1,034,200

Trade balance of all trades (42):

$1,162,900

Average balance previous 5 quarters:

$823,260

Highest credit amount extended: details

$719,000

6 month balance range:

$752,300 - $1,034,500

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

  7 month DBT trends

90+

60

30

4

1

2

2

2

3

3

0

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

2

0

1

2

3

0

1Q07

2Q07

3Q07

4Q07

1Q08

Performance Analysis

Predicted DBT for 06/18/2008: 3 DBT

Payment Trend Indication:
Are Stable

Industry payment comparison:
Has paid sooner 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
10/2006	Closed, Uncollected	$4,927	$821	11/2006	VENGROFF, WILLIAMS & ASSOC.	(949) 263-1300
03/2006	Closed, Uncollected	$135	$135	06/2006	RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
02/2006	Closed, Uncollected	$135	$135	08/2006	RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
11/2005	Open Account	$748	$748		FIDELITY NATIONAL CREDIT SERVICES	(800) 648-9341

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	04/2008		NET 30		$0						CUST 5 YR
=AIR TRANS	01/2008	10/2007		$58,900	$100	37%	63%				CUST 13 YR
-AIR TRANS	03/2008		NET 30	$13,000	$5,100	62%	11%		3%	24%	CUST 26 YR
BLDG MATRL	02/2008		CREDIT		$0
COMPUTERS	04/2008	03/2004	CREDIT		$0						ACCTCLOSED
ELEC EQUIP	03/2008		NET 30	$700	$0						CUST 11 YR
+ELEC MFG	01/2008		NET 30	$8,400	$900	100%					CUST 8 YR
FACTOR	02/2008		NET 30		$0
FACTOR	04/2008		NET 30		$0						CUST 7 YR
+FINCL SVCS	04/2008	03/2008	VARIED	$29,300	$15,700	100%
-FREIGHT	04/2008	02/2008	VARIED	$32,400	$800			100%
=FREIGHT	04/2008	03/2008	VARIED	$3,300	$1,200		100%
GENERAL	03/2008		CONTRCT		$0
=INDUS SUPL	04/2008	04/2008	NET 30	$48,600	$22,200	22%	67%	11%			CUST 22 YR
+IRON&STEEL	04/2008		NET 30	$99,800	$13,700	99%	1%
MED SUPPLY	03/2008		VARIED	$600	$0
OFFC SUPPL	04/2008	05/1997	CREDIT		$0
PACKAGING	04/2008		NET 30		$0						CUST 2 YR
PERSNLSVCS	04/2008	07/2006	ROI		$0
PETROLEUM	04/2008	02/2007	CREDIT	$500	$0
PLUMBING	03/2008		NET30		$0						CUST 1 YR
+PLUMBING	03/2008	03/2008	NET 10	$317,000	$317,000	37%	63%
REFRIG	04/2008		NET 30		$0
SAFTY PROD	03/2008		NET30		$0						CUST 1 YR
+SERVICES	04/2008	04/2008	NET 30	$719,000	$656,600	100%
+TELECOM	04/2008		NET 30	$2,100	$900	49%	51%				DISPUTE
TEMP HELP	04/2008		NET 7	$6,700	$0
TRUCK DLR	04/2008		CONTRCT	$600	$0

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	28	$1,340,900	$1,034,200	79%	21%				DBT: 3
Newly Reported	0								DBT:
Trade Lines Totals	28	$1,340,900	$1,034,200	79%	21%				DBT: 3

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
CELLUL/PAG	03/2006	03/2006	NET 30		$0
COMPUTERS	05/2005		CREDIT		$0						CUST 37 YR
COMPUTERS	06/2006	11/2005		$7,500	$0
=CONST MACH	11/2006		VARIED	$1,600	$1,600	1%	99%
FACTOR	07/2007	08/2006	NET 30		$0
-FRGHT FWRD	12/2005		COD	$26,200	<$100					100%
GENERAL	08/2005		N10PRXO	$2,800	$0
HOUSEWARES	01/2006		VARIED		$0
+METAL DIST	02/2007	02/2007	VARIED	$213,400	$94,100	78%	22%				CUST 6 YR
PLUMBING	07/2005		NET30		$0						CUST 3 YR
SERVICES	09/2005	01/2003	VARIED	$10,900	$0
=TELECOM	03/2007		NET 30	$900	$300	36%	33%	31%			DISPUTE
+TEMP HELP	07/2006		NET 30	$14,600	$14,600	72%	28%
+TEMP HELP	03/2007	02/2007	ROI	$18,000	$18,000		100%

Monthly Payment Trends

Payment Trends Analysis
AUTO & HOME SUPPLY RETAIL STORES INDUSTRY SIC: 5531

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

3

$1,034,200

79%

21%

MAR08

82%

8

3

$1,003,300

79%

21%

FEB08

83%

7

2

$921,900

90%

8%

2%

JAN08

79%

8

2

$853,800

86%

14%

DEC07

81%

8

2

$807,000

89%

9%

2%

NOV07

81%

8

1

$776,500

96%

3%

1%

OCT07

82%

9

4

$974,900

78%

21%

1%

Quarterly Payment Trends

Payment History - Quarterly Averages				Account Status Days Beyond Terms
Quarter	Months	DBT	Balance	Cur	1-30	31-60	61-90	91+
Q1 - 08	JAN-MAR	3	$925,700	85%	14%	1%
Q4 - 07	OCT-DEC	2	$852,700	87%	12%	1%
Q3 - 07	JUL-SEP	1	$891,000	93%	6%	1%
Q2 - 07	APR-JUN	0	$686,400	99%	1%
Q1 - 07	JAN-MAR	2	$760,500	90%	8%	2%

Inquiries

Summary of Inquiries
Business Category	APR08	MAR08	FEB08	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07
ELEC EQUIP				1
FINCL SVCS	1
LEASING					1
PERSCOMPTR		1
TEMP HELP						1
Totals	1	1		1	1	1

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
JAN - PRESENT	2008
JUL - DEC	2007
JAN - JUN	2007
JUL - DEC	2006		2
JAN - JUN	2006	1	1
PRIOR TO JAN	2006
Total		1	3

** 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: 11/21/2006

Filing Number: 6407633 7

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: CLUNE & COMPANY LC KS MISSION 66201 PO BOX 350

Collateral: EQUIP

UCC FILED Date: 10/10/2006

Filing Number: 6350435 4

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: US BANCORP MN MARSHALL 56258 1310 MADRID STREET STE 101

Collateral: EQUIP

UCC FILED Date: 02/27/2006

Filing Number: 6068258 3

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: XEROX CORPORATION TX LEWISVILLE 75057 1301 RIDGEVIEW BLDG 30

Collateral: EQUIP, 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: 09/10/1981

Current Status: Inactive

Business Type: Institutions - Profit

Charter Number: 01089715

Agent: ALICE SCHROEDER

Agent Address: 28994 GROMER AVE WASCO, CA

  Additional Company Background Information

Key Personnel

Principal(s):	MAHESH SHAH
	IAN WHITING, PRESIDENT
	FRANK RUSCONI, MANAGER

Operating Information

Business Type: Institutions

Primary SIC Code: AUTO & HOME SUPPLY RETAIL STORES - 5531

Secondary SIC Code: INDUSTRIAL VALVES - 3491

Additional SIC Code: 3823 - 3492

Number of Employees: 400

Sales: $350,000,000

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