MIRA INFORM REPORT

Report Date :

28.02.2008

IDENTIFICATION DETAILS

Name :	SEMICONDUCTOR INSIGHTS INC

Registered Office :	3000 Solandt Road, Kanata, On, K2k 2x2

Country :	Canada

Date of Incorporation :	01/01/1989

Legal Form :	Provincially Chartered Corporation - Private

Line of Business :	The Company is a micro-electronic consulting group.

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 :	Regular

Litigation :	Clear

IDENTIFICATION & EXECUTIVE SUMMARY

Company Name: SEMICONDUCTOR INSIGHTS INC.

Trade Name:

Address: 3000 SOLANDT ROAD

City: KANATA

State/Province: ON

Zip Code: K2K 2X2

Country: CANADA

Telephone: 613 599-6500 Number of Employees: 120

URL www.semiconductor.com

Legal Form: Provincially Chartered Corporation - Private

Shareholder:

Business Activity: The Company is a micro-electronic consulting group.

Founded (D/M/Y): 01/01/1989

Sales / Revenue: -

Net Income:

Total Equity:

Facsimile: 613 599-6501

NOTE TO CLIENT

Person Contacted: Ms. Tammi Salmon, Finance Manager. Ms. Salmon declined to confirm any information and deferred all information to a written request sent via e-mail. If she responds the report will be updated at that time.

LEGAL

Legal Form: Provincially Chartered Corporation - Private

Status: ACTIVE

Since (D/M/Y): 27/06/1989

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

The Firm is registered in Ontario under the following:

Name: SEMICONDUCTOR INSIGHTS INC.

Corp Id: 000841092

Date: 6/27/1989

Status: ACTIVE

Jurisdiction: ONTARIO

MANAGERS / KEY PERSONNEL

Mr. Harry Page President

Mr. Emil Alexov Vice President - Sales

Mr. Sam Sgabellone Vice Pres. & Chief Financial Officer

Mr. Randall Freeborn Vice President

Ms. Tammi Salmon Finance Manager

SUBSIDIARIES

SEMICONDUCTOR INSIGHTS EUROPE

Country: CANADA

SYMAGERY MICROSYSTEMS INC

State/Province: ON

Country: CANADA

BANKS

ROYAL BANK OF CANADA

Address: 90 SPARKS ST

City: OTTAWA

State/Province: ON

Zip Code: K1P 5T6

Country: CANADA

Telephone: 613 564-4308

Facsimile: 416 974-9797

Balance: Low 7 figures Line of Credit Details: Authorized Amount: Low 6 figures

PAYMENT HISTORY

Supplier's Name/Industry Terms Amount/Pay Habits/Comments

Rptd Open Credit Credit High Total Current Past Due/Pay Period

Date Date Limit Limit Dt. Credit Owing $ 1st 2nd 3rd

------------------------------------------------------------------------------

ROYAL BANK VISA: DLA-2008/01/07 287, Merged accts #

*Feb Oct/2002 35,000 35,016 18,718 18,718 0 0 0

Transportation Serv:

*Feb 0 750 750 600 0 0 150

Whlsl-Ind Mach Sppls:

*Feb 0 1,894 1,894 1,687 207 0 0

Manufacturing Indust:

*Jan 0 22,419 7,950 0 7,950 0 0

Whlsl-Professnl Equp:

*Jan 0 3,466 3,466 2,301 1,165 0 0

Transportation Serv:

*Dec 0 11,416 11,416 11,329 87 0 0

------- ------- ------- ------- ------- -------

P.I. = 13 90 Days 74,961 44,194 34,635 9,409 0 150

Reported ------- ------- ------- ------- ------- -------

Publisher-Newspaper:

*Nov 0 529 529 0 529 0 0

Wholesale-Elec Equip:

*Oct 0 2,531 2,531 2,531 0 0 0

Services-Computer:

*Aug 0 490 490 490 0 0 0

Transportation Serv: Merged accts

*Aug 0 480 480 8 472 0 0

------- ------- ------- ------- ------- -------

P.I. = 13 Total 78,991 48,224 37,664 10,410 0 150

Reported ------- ------- ------- ------- ------- -------

PAYMENT TRENDS

------------------------------------------------------------------------------

Payment C.I. Number of Total Current Overdue

Quarters Index Score Suppliers Owing $ 1st 2nd 3rd

------------------------------------------------------------------------------

4 Qtr/2007 2 11 6 43,911 43,145 616 0 150

3 Qtr/2007 15 3 8 62,305 44,603 17,552 0 150

2 Qtr/2007 4 11 7 49,943 46,581 3,362 0 0

1 Qtr/2007 14 5 6 9,428 8,488 790 0 150

4 Qtr/2006 0 5 7 49,510 49,360 0 0 150

3 Qtr/2006 1 5 5 25,921 25,490 281 150 0

2 Qtr/2006 0 5 7 38,571 38,571 0 0 0

1 Qtr/2006 0 8 4 39,938 39,938 0 0 0

4 Qtr/2005 0 5 6 30,041 29,906 135 0 0

FINANCIAL INFORMATION

Ms. Salmon declined to provide financial statements or annual sales, therefore the Firm's condition could not be evaluated. A written inquiry was sent via e-mail, if she responds the report will be updated at that time.

HISTORY

State of Incorporation: ON.

The Subject was established as an independent Company in July 1989.

In 04/92, Dr. Doug Smeaton joined the Subject as President. Formerly, Dr. Smeaton was Senior Vice President and General Manager of MITEL SEMICONDUCTOR (now ZARLINK SEMICONDUCTOR)

In March 1994, the Company was repatriated from U.S. owners through a management-led leveraged buy-out.

SYMAGERY MICRO SYSTEMS INC. was previously a division to the Subject. In 10/00, the division spun off the Subject becoming a separate legal entity and the Subject's sister company. The Subject has been recognized twice by the Financial Post and Arthur Andersen as one of 'Canada's Fifty Best Managed Private Companies

CURRENT OPERATIONS

SIC Code: 7389

NAICS Code: 54149

Other Specialized Design Services

Number of Employees: 120

Business Activity:

The Company is a micro-electronic consulting group. The Subject specializes in the analysis of the design and process technology contained in state of the art semiconductor devices, technical analysis of semiconductor patents, and provision of product design services. The Subject specializes in memory technologies; microprocessors, microcontrollers and DSPs; smart cards; analog, mixed signal and telecommunication circuitry; ASICs, FPGAs, PLDs and logic ICs; and electronic subassemblies and systems.

The heading address is the Firm's headquarters and consists of office space.

The Firm also has a branch location at:

3026 Solandt Rd

Kanata, ON K2K 2A5

T:613 592-2592

TRADE REFERENCES

EAG EVANS EAST

Address:

Amount Outstanding:

Telephone:

408 530-3500

Amount Past Due:

Facsimile:

408 5303501

High Credit Utilized:

Contact:

Terms:

Credit Limit:

Days to Pay:

We are currently awaiting a response.

Harvest Trading Group

Address:

Amount Outstanding:

Telephone:

781 982-7300

Amount Past Due:

Facsimile:

781 982-7301

High Credit Utilized:

Contact:

Terms:

Credit Limit:

Days to Pay:

We are currently awaiting a response.

Pipeline Electronics

Address:

Amount Outstanding:

Telephone:

330 225-5319

Amount Past Due:

Facsimile:

High Credit Utilized:

Contact:

Terms:

Credit Limit:

Days to Pay:

We are currently awaiting a response.

PUBLIC RECORD

No judgements, tax liens or bankruptcy petitions were traced to the Firm.

COMMENTS

The Firm is a well established microelectronic consulting group. The payment record is satisfactory. No judgments, tax liens or bankruptcy petitions were traced to the Firm. The Firm is considered responsible for normal trade relations.

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