MIRA
INFORM REPORT
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Name :
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CORE FURNACE
SYSTEMS CORP
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Registered Office :
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100 Cherrington Pkwy Coraopolis, PA 15108-4327
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Country :
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United States
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Date of Incorporation :
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07.18.1997
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Com. Reg. No.:
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714850642
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Legal Form :
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Private Limited Company
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Line of Business :
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Engineering Services
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RATING
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STATUS
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PROPOSED CREDIT LINE
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41-55
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Ba
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Overall operation is considered normal. Capable to meet normal commitments.
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Satisfactory
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Status :
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Satisfactory
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Payment Behaviour :
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Regular
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Litigation :
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Clear
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CORE FURNACE
SYSTEMS CORP
100 CHERRINGTON PKWY
CORAOPOLIS, PA 15108-4327
(412) 262-2240
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Business Identification Number:
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714850642
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File Established:
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05/2003
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Date of Incorporation:
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07/18/1997
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SIC code:
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ENGINEERING
SERVICES - 8711
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Intelliscore for CORE FURNACE
SYSTEMS CORP
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0-32.47
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32.48-58.63
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58.64-70.19
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70.2-77.71
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77.72-100
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MEDIUM TO HIGH RISK
25% of businesses indicate a higher risk of becoming seriously
delinquent than this business
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Key score factors:
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NUMBER OF DEROGATORY ACCOUNTS
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NUMBER OF TRADES WITH A HIGH BALANCE TO
HIGH CREDIT RATIO
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PRESENCE OF AN INCONSISTENT PAYMENT
TREND
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RATIO OF BALANCE ON SLOW PAYING
ACCOUNTS TO ALL BALANCES
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Current DBT range compared to
all industries*
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% of US
businesses falling within DBT range
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DBT
Norms:
All industries: 8 DBT
Same industry: 6 DBT
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Legal Filings and Collections
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UCC filings: details (FILED 11/03)
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1
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Cautionary UCC filings present?
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No
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Trade Information
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Highest DBT previous 6 months:
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14
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Highest DBT previous 5 quarters:
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14
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Total continuous trades:
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12
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Current continuous trade balance:
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$121,200
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Trade balance of all trades (19):
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$123,000
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Average balance previous 5 quarters:
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$44,880
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Highest credit amount extended: details
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$115,300
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6 month balance range:
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$5,800 -
$125,200
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* 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.
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7 month DBT trends
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0
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Aug07
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Sep07
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Oct07
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Nov07
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Dec07
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Jan08
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Current
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Quarterly DBT trends (previous
5 quarters)
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Performance Analysis
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Predicted
DBT for 05/07/2008: 1 DBT
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Payment
Trend Indication:
Show No Identifiable Trend
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Industry
payment comparison:
Has paid slower than 50% of similar firms
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Most
Frequent Industry Purchasing Terms:
NET 30, CREDIT, and 0000000
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Trade Payment Information
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Trade
Payment Experiences
(Trade Lines With an (*) after date are newly reported)
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Account
Status
Days Beyond Terms
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Business
Category
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Date
Reported
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Last
Sale
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Recent
High
Credit
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Cur
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1-30
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31-60
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61-90
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91+
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Comments
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+AIR TRANS
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01/2008
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08/2007
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$7,400
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$200
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100%
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CUST 26 YR
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+AIR TRANS
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01/2008
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NET 30
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$2,300
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$2,200
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89%
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11%
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COLLECTION
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BLDG
MATRL
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01/2008
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10/2007
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VARIED
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$400
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$0
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DP
EQUIP
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12/2007
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NET 30
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$1,800
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$0
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+ELEC EQUIP
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02/2008
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NET 30
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$400
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$300
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100%
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CUST 11 YR
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-ELEC MFG
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01/2008
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CIA
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$69,200
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$3,200
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92%
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5%
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3%
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CUST 8 YR
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ELEC
SUPLR
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02/2008
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05/2007
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NET30
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$25,000
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$0
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FREIGHT
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03/2008
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05/2006
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VARIED
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$200
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$0
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MACH
DISTR
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01/2008*
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11/2006
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NET 30
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$0
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MACH
DISTR
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02/2008
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VARIED
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$26,000
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$0
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+MANUFCTRNG
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01/2008
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01/2008
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NET 30
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$115,300
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$115,300
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100%
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PACKAGING
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03/2008
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NET 30
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$100
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$0
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CUST 3 YR
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SAFTY
PROD
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12/2007
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NET 30
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$0
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Trade
Payment Experiences
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Account
Status
Days Beyond Terms
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Type
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Lines
Reported
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Cur
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1-30
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31-60
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61-90
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91+
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Comments
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Continuously
Reported
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12
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$248,100
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$121,200
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98%
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2%
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DBT: 0
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Newly
Reported
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1
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$0
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$0
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DBT: 0
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Trade Lines
Totals
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13
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$248,100
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$121,200
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98%
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2%
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DBT: 0
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Additional Payment Experiences
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Trade
Payment Experiences
(Trade Lines With an (*) after date are newly reported)
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Account
Status
Days Beyond Terms
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Business
Category
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Date
Reported
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Last
Sale
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Recent
High
Credit
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Cur
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1-30
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31-60
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61-90
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91+
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Comments
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COMPUTERS
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05/2005
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CREDIT
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$0
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CUST 37 YR
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COMPUTERS
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06/2006
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04/2006
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$400
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$0
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=FREIGHT
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08/2005
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05/2005
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VARIED
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$500
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$200
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100%
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LEASING
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04/2007
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CONTRCT
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$8,900
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$0
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CUST 1 YR
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-MISC MANUF
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09/2006
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08/2006
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VARIED
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$4,600
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$1,600
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100%
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CUST 1 YR
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NEWSPAPERS
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05/2006
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01/2006
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NET 30
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$1,300
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$0
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Payment
Trends Analysis
ENGINEERING SERVICES INDUSTRY SIC: 8711
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Account
Status
Days Beyond Terms
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Date
Reported
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Industry
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Business
DBT
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Balance
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Cur
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1-30
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31-60
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61-90
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91+
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CURRENT
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N/A
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N/A
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0
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98%
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2%
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JAN08
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87%
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6
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1
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94%
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6%
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DEC07
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86%
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7
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14
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8%
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92%
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NOV07
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86%
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7
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14
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8%
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92%
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OCT07
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88%
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4
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4
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75%
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23%
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2%
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SEP07
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90%
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4
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12
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33%
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59%
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8%
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AUG07
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90%
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4
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8
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54%
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41%
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5%
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Payment
History - Quarterly Averages
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Account
Status
Days Beyond Terms
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Quarter
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Months
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DBT
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Balance
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Cur
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1-30
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31-60
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61-90
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91+
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Q4 - 07
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OCT-DEC
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13
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13%
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87%
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Q3 - 07
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JUL-SEP
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11
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31%
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66%
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3%
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Q2 - 07
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APR-JUN
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5
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64%
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36%
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Q1 - 07
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JAN-MAR
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6
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58%
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42%
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Q4 - 06
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OCT-DEC
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1
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92%
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8%
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Summary of Inquiries
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Business
Category
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MAR08
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FEB08
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JAN08
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DEC07
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NOV07
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OCT07
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SEP07
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AUG07
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JUL07
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1
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1
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1
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Totals
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1
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1
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1
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The UCC Filings are summarized and listed below.
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UCC Summary
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Filings
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Date Range
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Year
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Cautionary
UCCs**
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Total
Filed
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Released/
Term'd
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Cont
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Amended/
Assigned
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2008
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2007
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2007
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2006
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2006
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2006
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1
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Total
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1
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** 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.
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UCC FILED Date: 11/06/2003
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Filing Number: 20031109657
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Jurisdiction: SEC OF
STATE PENNSYL
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Secured Party: CITIZENS
BANK OF PENNSYLVANIA PA PITTSBURGH 15219 525 WILLIA
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Collateral:
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Commercial Finance
Relationships
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Financial Institution: CITIZENS
SAVINGS BANK
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Address: 1 CITIZENS
PLAZA PROVIDENCE RI02903
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Phone: (401)
456-7000
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Account Type: BORROWER
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Date Opened: 11/05/2003
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Account Rating: NO COMMENT
AS OF 09/29/2006
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Financial Institution: CITIZENS SAVINGS BANK
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Address: 1 CITIZENS
PLAZA PROVIDENCE RI02903
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Phone: (401)
456-7000
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Account Type: BORROWER
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Date Opened: 04/28/2006
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Account Rating: NO COMMENT
AS OF 09/29/2006
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Financial Institution: CITIZENS SAVINGS BANK
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Address: 1 CITIZENS
PLAZA PROVIDENCE RI02903
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Phone: (401)
456-7000
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Account Type: BORROWER
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Date Opened: 03/01/2006
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Account Rating: NO COMMENT
AS OF 09/29/2006
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Leasing Company: CANON
FINANCIAL SERVICES
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Address: BURLINGTON,
NJ 08016- 0
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Phone: (800) 220-0200
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Origination Date: 01/2005
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Original Lease Amount: $22,032
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Lease Product Type: EQUIPMENT
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Lease Term: 37 Months
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Payment Interval: 12/YEAR
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Current Due Date: 03/01/2008
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Current Scheduled Amount Due: $612
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Amount of Overdue Payments: $0
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Remaining Balance: $0
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Current Payments: 34
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Late Payments: 2
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Company Background Information
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THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE
OF PENNSYLVANIA
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State of Origin: PA
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Date of Incorporation: 07/18/1997
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Current Status: Active
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Business Type: Institutions - Unknown
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Charter Number: 2766246
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Additional Company Background Information
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Key Personnel
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Principal(s):
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RYAN ERDELY, MARKETING
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DOMINIC M. FACCONE, PRESIDENT
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DAVID ROSS, MANAGER
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Operating Information
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Business Type: Institutions
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Primary SIC Code: ENGINEERING SERVICES - 8711
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Secondary SIC Code: INDUSTRIAL
FURNACES AND OVENS - 3567
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Additional SIC Code: 3544 -
3547
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Number of Employees: 75
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Sales: $50,000,000
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RATING
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STATUS
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PROPOSED CREDIT LINE
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>86
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Aaa
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Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums
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Unlimited
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71-85
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Aa
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Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums
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Large
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56-70
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A
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Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums
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Fairly Large
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41-55
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Ba
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Overall operation is considered normal. Capable to meet normal
commitments.
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Satisfactory
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26-40
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B
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Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average.
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Small
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11-25
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Ca
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Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity
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Limited with
full security
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<10
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C
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Absolute credit risk exists. Caution needed to be exercised
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Credit not
recommended
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NR
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In view of the lack of information, we have no basis upon which to
recommend credit dealings
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No Rating
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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%)
