MIRA INFORM REPORT

Report Date :

21.04.2008

IDENTIFICATION DETAILS

Name :	FIBRE SOURCE INTERNATIONAL CORP

Registered Office :	237 W 35th St Fl 17 New York, NY 10001-1905

Country :	United States

Date of Incorporation :	09.19.1984

Com. Reg. No.:	823496046

Legal Form :	Private Limited Company

Line of Business :	Durable Goods

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 :	2 days beyond terms

Litigation :	Clear

Matching Name and Address

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

FIBRE SOURCE INTERNATIONAL CORP
369 LEXINGTON AVE
NEW YORK, NY 10017-6506

Executive Summary

Intelliscore for FIBRE SOURCE INTERNATIONAL CORP

57.30

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
37% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

RECENTLY DELINQUENT OR DEROGATORY AVG ACCOUNT BALANCES

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF OTHER TRADES

Current DBT range compared to all industries*

2 DBT
($1,700 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:

Cautionary UCC filings present?

Trade Information

Monthly average DBT:

Highest DBT previous 6 months:

Highest DBT previous 5 quarters:

Total continuous trades:

Current continuous trade balance:

$1,700

Trade balance of all trades (8):

$18,300

Average balance previous 5 quarters:

$420

Highest credit amount extended: details

$2,500

6 month balance range:

$0 - $2,500

* 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.

7 month DBT trends

90+

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Current

Quarterly DBT trends (previous 5 quarters)

90+

1Q07

2Q07

3Q07

4Q07

1Q08

Performance Analysis

Predicted DBT for 06/18/2008: 2 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 0000000

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

+AIR TRANS

03/2008

NET 30

$2,500

$1,700

98%

CUST 18 YR

FACTOR

04/2008

NET 30

CUST 8 YR

LUMBR&WOOD

02/2008

02/2001

VARIED

CUST 13 YR

SAFTY PROD

03/2008

NET30

CUST 8 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

$2,500

$1,700

98%

DBT: 2

Newly Reported

DBT:

Trade Lines Totals

$2,500

$1,700

98%

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

+AIR TRANS

11/2007

$200

$100

100%

CUST 17 YR

LEASING

02/2008

CONTRCT

$700

LEASING

03/2008

CONTRCT

$3,600

CUST 1 YR

+LUMBR&WOOD

04/2006

VARIED

$170,200

$16,500

100%

Monthly Payment Trends

Payment Trends Analysis
DURABLE GOODS, NEC, WHLSNG INDUSTRY SIC: 5099

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$1,700

98%

MAR08

89%

$1,700

98%

FEB08

89%

$2,200

98%

JAN08

88%

$2,500

99%

DEC07

89%

NOV07

89%

OCT07

90%

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

$2,100

98%

Q4 - 07

OCT-DEC

Q3 - 07

JUL-SEP

Q2 - 07

APR-JUN

Q1 - 07

JAN-MAR

Inquiries

Summary of Inquiries

Business
Category

APR08

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

BANK

Totals

Commercial Finance Relationships

Banking Relationships

Financial Institution: CHASE MANHATTAN BANK

Address: 4 METROTECH CENTER BROOKLYN NY11245

Phone: (212) 552-2222

Account Type: CHECKING ACCOUNT

Account Rating: NO COMMENT AS OF 01/02/2007

Leasing Relationships

Leasing Company: NON-DISCLOSED

Origination Date: 06/2006

Original Lease Amount: $1,808

Lease Product Type: EQUIPMENT

Lease Close Date: 09/2011

Lease Term: 64 Months

Current Scheduled Amount Due: $28

Amount of Overdue Payments: $0

Remaining Balance: $1,119

Late Payments: 0

Company Background Information

Additional Company Background Information

Key Personnel

Principal(s):	RONALD J. SCOZA, OWNER
	RICHARD LITTLE, VICE PRESI
	CHROSTINE IANNOTTA

Operating Information

Business Type: Institutions

Primary SIC Code: DURABLE GOODS, NEC, WHLSNG - 5099

Number of Employees: 14

Sales: $2,000,000

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

MIRA INFORM REPORT

Company Information

Matching Name and Address

Executive Summary

Performance Analysis

Trade Payment Information

Trade Payment Totals

Additional Payment Experiences

Monthly Payment Trends

Quarterly Payment Trends

Inquiries

Commercial Finance Relationships

Company Background Information