MIRA INFORM REPORT

Report Date :

21.02.2008

IDENTIFICATION DETAILS

Name :	OPICI WINE CO OF UPSTATE NY
Registered Office :	25 De Boer Dr Glen Rock, NJ 07452-3301
Country :	United States
Date of Incorporation :	10.16.1973
Com. Reg. No.:	706230406
Legal Form :	Institutions
Line of Business :	Liquor Stores

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	R7,000,000.00
Status :	Good
Payment Behaviour :	Slow by 4 days
Litigation :	Clear

Company Information

OPICI WINE CO OF UPSTATE NY
25 DE BOER DR
GLEN ROCK, NJ 07452-3301
(201) 251-0904

Business Identification Number:

706230406

File Established:

10/1993

Date of Incorporation:

10/16/1973

SIC code:

LIQUOR STORES - 5921

Matching Name and Address

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

OPICI IMPORT CO
25 DEBOER DR
GLEN ROCK, NJ 07452

Executive Summary

  Intelliscore for OPICI WINE CO OF UPSTATE NY

77.25

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

100

High risk

Low risk

LOW TO MEDIUM RISK
84% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF ACTIVE ACCOUNTS
	NUMBER OF DELINQUENT ACCOUNTS
	NUMBER OF OTHER TRADES
	NUMBER OF CURRENT ACCOUNTS

  Current DBT range compared to all industries*

4 DBT
($47,100 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 3 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 08/04)

1

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$48,610

UCC filings: details (FILED 09/06)

1

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

2

Highest DBT previous 6 months:

4

Highest DBT previous 5 quarters:

13

Total continuous trades:

10

Current continuous trade balance:

$47,100

Trade balance of all trades (16):

$48,100

Average balance previous 5 quarters:

$42,280

Highest credit amount extended: details

$58,900

6 month balance range:

$30,100 - $47,200

* 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

3

4

4

1

0

0

4

0

Jul07

Aug07

Sep07

Oct07

Nov07

Dec07

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

5

13

3

4

0

0

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 04/02/2008: 4 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

Tax Liens
File Date	Filing Type	Status	Amount	Filing Number	Jurisdiction
08/06/2004	Federal Tax Lien	Filed	$48,610	03040240	BERGEN COUNTY REG

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
+BLDG MATRL	01/2008	12/2007	CREDIT	$800	$300	100%
+BUS SERVCS	01/2008		NET 7	$1,600	$800	100%
COMPUTERS	01/2008			$5,500	$0						CUST 1 YR
COMPUTERS	01/2008		CREDIT		$0
FINCL SVCS	01/2008	08/2007	NET 30	$4,400	$0
=FINCL SVCS	01/2008	12/2007	VARIED	$21,300	$19,900	100%
OFFC SUPPL	01/2008	11/2006	CREDIT	$300	$0						ACCTCLOSED
PACKAGING	01/2008	11/2007	NET 30	$100	$0						CUST 5 YR
+TELECOM	01/2008		NET 30	$58,900	$24,900	50%	50%
+TELECOM	01/2008		NET 30	$1,200	$1,200	100%

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	10	$94,100	$47,100	74%	26%				DBT: 4
Newly Reported	0								DBT:
Trade Lines Totals	10	$94,100	$47,100	74%	26%				DBT: 4

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	03/2005	03/2005		<$100	$0
COMPUTERS	05/2005		CREDIT		$0						CUST 37 YR
=COMPUTERS	06/2006	05/2006		$7,700	$300		100%
+LEASING	12/2007		CONTRCT	$3,300	$700	100%
PETROLEUM	03/2007	03/2007	VARIED	$2,300	$0						CUST 2 YR
TELECOM	05/2007	05/2007	NET 30	$100	$0						EXLENT ACC

Monthly Payment Trends

Payment Trends Analysis
LIQUOR STORES INDUSTRY SIC: 5921

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

4

$47,100

74%

26%

DEC07

93%

3

0

$36,600

100%

NOV07

94%

2

0

$30,100

100%

OCT07

93%

3

1

$31,600

92%

8%

SEP07

94%

3

4

$39,200

75%

25%

AUG07

94%

2

4

$40,000

75%

24%

1%

JUL07

93%

2

3

$36,900

77%

23%

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	0	$32,500	97%	3%
Q3 - 07	JUL-SEP	4	$38,500	76%	24%
Q2 - 07	APR-JUN	3	$40,900	82%	17%	1%
Q1 - 07	JAN-MAR	13	$73,300	53%	28%	19%
Q4 - 06	OCT-DEC	5	$26,200	94%		2%		4%

Inquiries

Summary of Inquiries
Business Category	FEB08	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07	JUN07
GENERAL			1
Totals			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	1	1
JAN - JUN	2006
PRIOR TO JAN	2006
Total		1	1

** 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: 09/18/2006

Filing Number: 23797703

Jurisdiction: SEC OF STATE NEW JER

Secured Party: WACHOVIA BANK, NATIONAL ASSOCIATION PA PHILADELPHIA 19107 ON

Collateral: EQUIP, FURN & FIX, INVENTORY, UNDEFINED

Company Background Information

  Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF NEBRASKA

State of Origin: NE

Date of Incorporation: 10/16/1973

Current Status: Active

Business Type: Institutions - Profit

Charter Number: 6823513

  Additional Company Background Information

Key Personnel

Principal(s):	ROSE M. OPICI, OWNER
	LINDA OPICI, TREASURER
	HUBERT OPICI, OWNER

Operating Information

Business Type: Institutions

Primary SIC Code: LIQUOR STORES - 5921

Secondary SIC Code: WINES AND DISTILLED BEV WHLSNG - 5182

Number of Employees: 200

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