MIRA INFORM REPORT

Report Date :

15.02.2008

IDENTIFICATION DETAILS

Name :	PREMIER DISPERSION, INC

Registered Office :	100 Industrial Drive, Union SC 29379

Country :	United States

Date of Incorporation :	23.02.1973

Legal Form :	Corporation - Private

Line of Business :	Producer of Organic and Inorganic Pigment Colorant Dispersions, Application Auxiliaries, and Chemicals

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 :	No Complaints

Litigation :	Clear

IDENTIFICATION & EXECUTIVE SUMMARY

Company Name: PREMIER DISPERSION, INC.

Trade Name:

Address: 100 INDUSTRIAL DRIVE

City: UNION

Founded (D/M/Y):

State/Province: SC

Zip Code: 29379

Sales / Revenue: -

Country: UNITED STATES

Net Income:

Telephone: 864-427-0338

Total Equity:

Facsimile: 864-427-5824

Number of Employees:

URL www.premiercolorsinc.com

Legal Form: Corporation - Private

Shareholder:

Business Activity: The Subject is engaged as a producer of organic and inorganic pigment colorant dispersions, application auxiliaries, and chemicals.

NOTE TO CLIENT

NOTE: The provided name PREMIER DISPERSION is incorrect. The correct legal name of the sole company located at the provided address is: PREMIER COLORS, INC. The name "DISPERSION" is a reference to the business activity of PREMIER COLORS, INC.

Several messages were left with the Subject but we received no response to either our telephone inquiries or a written request sent via fax. As such, information in this report cannot be substantiated. However, should we receive information from the Subject at a later time, this report will be updated accordingly.

LEGAL

Legal Form: Corporation - Private

Incorporation State SC

Status: ACTIVE

Since (D/M/Y): 23/02/1973

The company is NOT required to publish an annual financial report.

SOUTH CAROLINA CORPORATE REGISTRY:

PREMIER COLORS, INC.

DOMESTIC / FOREIGN: Domestic

STATUS: Good Standing

STATE OF INCORPORATION / ORGANIZATION: SOUTH CAROLINA

FILE DATE: 02/23/1973

REGISTERED AGENT INFORMATION

REGISTERED AGENT NAME: DONNIE W PLYLER

ADDRESS: 100 INDUSTRIAL DR

CITY: UNION

STATE: SC

ZIP: 29379 0000

MANAGERS / KEY PERSONNEL

Ms. Lisa Blackwell Office Manager

Mr. Donnie Plyler General Manager

AFFILIATED COMPANIES

The company's website reports no affiliates/subsidiaries.

BANKS

State/Province: SC

Country: UNITED STATES

We could not obtain any bank information at this time.

PAYMENT HISTORY


	BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
	CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS
	---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------
	AIR TRANS 08-01 00-00 NET 30 200 0 0 0 0 0 0 CUST 3 YR
	CHEMICALS 07-10 07-09 NET 30 7600 7600 100 0 0 0 0
	FINCL SVCS 08-02 08-01 VARIED 300 0 0 0 0 0 0
	FREIGHT 08-02 05-07 VARIED 600 0 0 0 0 0 0
	PACKAGING 08-01 00-00 NET 30 100 0 0 0 0 0 0 CUST 2 YR
	TRANSPORTN 08-01 00-00 NET 30 2300 300 100 0 0 0 0 PROMPT
	AIR TRANS 05-09 05-07 100 0 0 0 0 0 0
	AUTO LEASE 08-01 08-01 VARIED 48900 11200 100 0 0 0 0 SATSFTRY
	CRED CARD 07-06 06-08 REVOLVE 300 0 0 0 0 0 0 CUST 31 YR
	FINCL SVCS 06-08 00-00 VARIED 37800 0 0 0 0 0 0 ACCTCLOSED
	FRGHT FWRD 07-02 07-01 NET 15 500 100 100 0 0 0 0 SATSFTRY
	GENERAL 05-02 04-08 NET 30 0 0 0 0 0 0 0 CUST 17 YR
	LEASING 08-02 00-00 CONTRCT 2300 0 0 0 0 0 0 CUST 3 YR
	RUBR&PLAST 06-06 06-07 0000000 66300 66300 100 0 0 0 0 CUST 2 YR
	CURRENT QUARTER 11100 7900 100 0 0 0 0

	Payment Trends
	INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
	DATE CUR DBT DBT $ % 30 60 90 91+
	-------- --- --- --- -------- --- --- --- --- ---
	20080100 0 6 0 8000 100 0 0 0 0
	20071200 0 5 0 7700 100 0 0 0 0
	20071100 0 6 0 7900 100 0 0 0 0
	20071000 0 6 0 300 100 0 0 0 0
	20070900 0 5 11 1900 82 0 9 9 0
	20070800 0 5 11 1900 82 0 9 9 0
	Payment History - Quarterly Averages
	BALANCE CUR 1- 31- 61-
	QUARTER YEAR DBT $ % 30 60 90 91+
	-------- ------ --- -------- --- --- --- --- ---
	Fourth 2007 0 300 100 0 0 0 0
	Third 2007 10 1400 84 0 8 8 0
	Second 2007 5 2300 86 5 7 2 0
	First 2007 0 300 99 1 0 0 0
	Fourth 2006 11 1800 71 22 0 0 7

FINANCIAL INFORMATION

We could not obtain any financial information and outside sources provided no insight into the financial condition of the Company.

CURRENT OPERATIONS

SIC Code:

NAICS Code: 325

Chemical Manufacturing

Business Activity:

The Subject is engaged as a producer of organic and inorganic pigment colorant dispersions, application auxiliaries, and chemicals.

The headquarters and sole location is at the heading address. The company's website reports no branch locations/divisions.

================

PUBLIC

================

A Nationwide search of public records and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.

COMMENTS

The Subject is engaged as a well-established producer of organic and inorganic pigment colorant dispersions, application auxiliaries, and chemicals. Payment records are considered to be generally satisfactory and a search of public records and bankruptcy courts returned no derogatory information or record of the Company filing a bankruptcy petition.

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