MIRA INFORM REPORT

Report Date :

01.03.2008

IDENTIFICATION DETAILS

Name :	BISON STEEL INC

Registered Office :	2 Main St Depew, NY 14043-3323

Country :	United States

Date of Incorporation :	02.08.1991

Com. Reg. No.:	717159454

Legal Form :	Private Limited Company

Line of Business :	Misc Fabricated Wire Products

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

Matching Name and Address

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

BISON STEEL INC
2 MAIN ST MARY JO
DEPEW, NY 14043

Executive Summary

Intelliscore for BISON STEEL INC

79.32

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

LOW RISK
87% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

HISTORY OF SLOW PAYING ACCOUNTS

FEW, IF ANY, RECENTLY ACTIVE ACCOUNTS

NUMBER OF CURRENT ACCOUNTS

FEW, IF ANY, TRADES WITH A HIGH BAL TO HIGH CRED LIMIT RATIO

Current DBT range compared to all industries*

0 DBT
($400 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

DBT Norms:
All industries: 8 DBT Same industry: 11 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:

$400

Trade balance of all trades (10):

$400

Average balance previous 5 quarters:

$620

Highest credit amount extended: details

$1,000

6 month balance range:

$100 - $1,700

* 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+

Aug07

Sep07

Oct07

Nov07

Dec07

Jan08

Current

Quarterly DBT trends (previous 5 quarters)

90+

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 04/23/2008: 1 DBT

Payment Trend Indication:
Are Improving Toward Term Requirements

Industry payment comparison:
Has paid sooner than 50% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and CONTRCT

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

FREIGHT

02/2008

07/2007

VARIED

$900

MACH DISTR

01/2008

09/2006

1/10N30

CUST 1 YR

METAL

01/2008

1/10N30

PAPER DIST

02/2008

03/2006

1/10N30

CUST 9 YR

+TELECOM

01/2008

NET 30

$800

$400

100%

WAREHOUSE

02/2008

06/2000

CREDIT

ACCTCLOSED

WELDING

02/2008

04/2006

N10PRXO

$1,000

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

$2,700

$400

100%

DBT: 0

Newly Reported

DBT:

Trade Lines Totals

$2,700

$400

100%

DBT: 0

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

CRED CARD

01/2008

08/2000

CREDIT

ACCTCLOSED

ELEC SUPLR

04/2005

VARIED

TELECOM

06/2005

NET 30

Monthly Payment Trends

Payment Trends Analysis
MISC FABRICATED WIRE PRODUCTS INDUSTRY SIC: 3496

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$400

100%

JAN08

51%

$400

100%

DEC07

79%

$300

100%

NOV07

78%

$100

100%

OCT07

88%

$300

100%

SEP07

84%

$1,700

20%

80%

AUG07

84%

$1,700

20%

80%

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

$200

100%

Q3 - 07

JUL-SEP

$1,500

22%

78%

Q2 - 07

APR-JUN

$700

59%

41%

Q1 - 07

JAN-MAR

$400

75%

25%

Q4 - 06

OCT-DEC

$300

100%

Company Background Information

Additional Company Background Information

Key Personnel

Principal(s):

EDWIN C. BAILEY, PRESIDENT

Operating Information

Business Type: Institutions

Primary SIC Code: MISC FABRICATED WIRE PRODUCTS - 3496

Secondary SIC Code: METAL DOORS, SASH, AND TRIM - 3442

Additional SIC Code: 3569

Number of Employees: 4

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

Company Background Information