MIRA INFORM REPORT

Report Date :

06.05.2008

IDENTIFICATION DETAILS

Name :	KODIAK TRAILER COMPONENTS
Registered Office :	7600 Sand St Fort Worth, TX 76118-6925
Country :	United States
Date of Incorporation :	11.14.1997
Com. Reg. No.:	784255405
Legal Form :	Private Limited Company
Line of Business :	Automotive Repair Shops

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

Status :	Good
Payment Behaviour :	Slow by 11 days
Litigation :	Clear

Company Information

KODIAK TRAILER COMPONENTS
7600 SAND ST
FORT WORTH, TX 76118-6925
(817) 284-2356

Business Identification Number:

784255405

File Established:

05/1997

Date of Incorporation:

11/14/1997

SIC code:

AUTOMOTIVE REPAIR SHOPS, NEC - 7539

Executive Summary

  Intelliscore for KODIAK TRAILER COMPONENTS

67.81

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

100

High risk

Low risk

MEDIUM RISK
58% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	HISTORY OF SLOW PAYING ACCOUNTS
	NUMBER OF RECENTLY ACTIVE ACCOUNTS
	RATIO OF BALANCE ON DELINQUENT ACCOUNTS TO ALL BALANCES
	RATIO OF BALANCE ON SLOW PAYING ACCOUNTS TO ALL BALANCES

  Current DBT range compared to all industries*

11 DBT
($12,200 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 10 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings: details (FILED 12/03)

1

Cautionary UCC filings present?

No

Trade Information

Monthly average DBT:

9

Highest DBT previous 6 months:

20

Highest DBT previous 5 quarters:

20

Total continuous trades:

11

Current continuous trade balance:

$12,200

Trade balance of all trades (17):

$13,000

Average balance previous 5 quarters:

$7,680

Highest credit amount extended: details

$8,400

6 month balance range:

$4,600 - $14,200

* 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.

  7 month DBT trends

90+

60

30

6

6

3

20

11

11

11

0

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

2

14

7

6

13

0

1Q07

2Q07

3Q07

4Q07

1Q08

Performance Analysis

Predicted DBT for 07/02/2008: 11 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 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
+AIR TRANS	03/2008	03/2008		$1,100	$600	48%	52%				CUST 19 YR
-AIR TRANS	03/2008		NET 30	$2,400	$2,400	13%	60%		27%		CUST 5 YR
+BLDG MATRL	04/2008	03/2008	CREDIT	$800	$300	100%					ACCTCLOSED
FACTOR	04/2008	07/2004	NET 30		$0						CUST 4 YR
FREIGHT	04/2008	11/2007	VARIED	$4,900	$0
+FREIGHT	04/2008	03/2008	VARIED	$3,000	$600	72%	28%
+OFFC SUPPL	04/2008	03/2008	CREDIT	$900	$100	100%
=PACKAGING	04/2008		NET 30	$800	$500	15%	85%				CUST 5 YR
PLUMBING	03/2008		NET30		$0						CUST 5 YR
=TRANSPORTN	04/2008		NET 30	$8,400	$7,700	49%	51%				PAYS-SLOW
TRUCK DLR	04/2008		CONTRCT	$500	$0

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	11	$22,800	$12,200	44%	51%		5%		DBT: 11
Newly Reported	0								DBT:
Trade Lines Totals	11	$22,800	$12,200	44%	51%		5%		DBT: 11

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
BUS SERVCS	12/2006		NET 30	$200	$0
+ELEC SUPLR	07/2007		NET30	$800	$100	100%
FACTOR	05/2007	06/2004	NET 30		$0
+LEASING	01/2006		CONTRCT	$500	$500	50%	50%
SAFTY PROD	05/2007		NET 30		$0						CUST 4 YR
+TELECOM	06/2005		NET 30	$200	$200	100%

Monthly Payment Trends

Payment Trends Analysis
AUTOMOTIVE REPAIR SHOPS, NEC INDUSTRY SIC: 7539

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

11

$12,200

44%

51%

5%

MAR08

83%

10

11

$14,200

64%

28%

5%

3%

FEB08

82%

11

11

$9,500

76%

6%

13%

5%

JAN08

82%

11

20

$10,200

29%

47%

20%

4%

DEC07

86%

8

3

$4,900

83%

17%

NOV07

86%

8

6

$12,100

61%

39%

OCT07

84%

10

6

$10,400

67%

28%

5%

Quarterly Payment Trends

Payment History - Quarterly Averages				Account Status Days Beyond Terms
Quarter	Months	DBT	Balance	Cur	1-30	31-60	61-90	91+
Q1 - 08	JAN-MAR	13	$11,300	57%	28%	10%	3%	2%
Q4 - 07	OCT-DEC	6	$9,100	67%	31%	2%
Q3 - 07	JUL-SEP	7	$8,200	70%	25%	1%	4%
Q2 - 07	APR-JUN	14	$7,600	66%	21%	4%	3%	6%
Q1 - 07	JAN-MAR	2	$2,200	86%	14%

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
JAN - JUN	2006
PRIOR TO JAN	2006		1
Total			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: 12/08/2003

Filing Number: 0400503214

Jurisdiction: SEC OF STATE TEXAS

Secured Party: AMERICAN EXPRESS BUSINESS FINANCE TX HOUSTON 77002 600 TRAVI

Collateral: 

Company Background Information

  Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF TEXAS

State of Origin: TX

Date of Incorporation: 11/14/1997

Current Status: Active

Business Type: Institutions - Profit

Charter Number: 0146726600

State Tax ID: 17527375939

Agent: WILLIAM E GLIDEWELL

Agent Address: 7600 SAND ST FORT WORTH, TX

  Additional Company Background Information

Key Personnel

Principal(s):	WILLIAM GLIDEWELL, PRESIDENT
	RON CUMMINS, MIS MANAGE
	CARUSO SALVETORE

Operating Information

Business Type: Institutions

Primary SIC Code: AUTOMOTIVE REPAIR SHOPS, NEC - 7539

Secondary SIC Code: TRAVEL TRAILERS & CAMPERS - 3792

Additional SIC Code: 5511 - 5013

Number of Employees: 5

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