MIRA INFORM REPORT

Report Date :

08.05.2008

IDENTIFICATION DETAILS

Name :	CAPS CANADA CORPORATION
Registered Office :	456 Silver Creek Industrial Dr Tecumseh, ON N8N4Y3
Country :	Canada
Date of Incorporation :	09/2003
Com. Reg. No.:	0063009814
Legal Form :	Private Limited Company
Line of Business :	Chemical Preparations

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear

Company Information

CAPS CANADA CORPORATION
456 SILVER CREEK INDUSTRIAL DR
TECUMSEH, ON N8N4Y3
(519) 727-4618

File Number:	0063009814
Subject Number:	TY2283
File Established:	09/2003

Legal and Derogatory Items

Bankruptcy filings:		0
	Most recent	N/A

Judgments:		0
	Amount	N/A
	Most recent	N/A

Suits:		0
	Amount	N/A
	Most recent	N/A

Collection claims:		0
	Amount	N/A
	Most recent	N/A

Returned checks:		0
	Amount	N/A
	Most recent	N/A

Credit Information

Number of lines:
	Financial	0
	Trade	26

Total balance:
	Financial	$0
	Trade	$73,626

High credit limit:
	Financial	$0
	Trade	$111,018

Average balance:
	Financial	0
	Trade	$2,832

Inquiries:

34

Payment Information

Quarterly Payment Trends
Quarters	Composite Index	Payment Index	Total Trade Lines	Total Balance	Current	30	60	90
Q1 - 2008	9	31	13	$44,519	27%	59%	14%	0%
Q4 - 2007	7	12	12	$66,836	64%	36%	0%	0%
Q3 - 2007	4	15	15	$60,907	49%	49%	1%	0%
Q2 - 2007	8	2	18	$51,023	95%	5%	0%	0%
Q1 - 2007	4	11	17	$58,053	67%	33%	0%	0%
Q4 - 2006	4	17	15	$67,136	50%	47%	3%	0%
Q3 - 2006	4	20	14	$65,498	43%	53%	4%	0%
Q2 - 2006	4	1	14	$48,093	97%	3%	0%	0%
Q1 - 2006	14	5	15	$53,842	87%	12%	1%	0%

Trade Payment Experiences
Supplier	Date Reported	High Credit	Total Balance	Current	30	60	90
Mfr-Beverage	May 2008	$171	$170	$170	$0	$0	$0
Mfr-Air Conditioning Equipment	May 2008	$944	$944	$944	$0	$0	$0
Wholesale-Elec Equip	May 2008	$1,172	$273	$273	$0	$0	$0
Wholesale-Mens Wear	Apr 2008	$675	$675	$675	$0	$0	$0
Whlsl-Ind Mach Sppls	Apr 2008	$61	$61	$1	$0	$60	$0
VIPOND FIRE PROTECTION INC	Apr 2008	$3,959	$252	$252	$0	$0	$0
Whlsl-Professnl Equp	Apr 2008	$1,177	$1,177	$332	$845	$0	$0
Whlsl-Farm Supplies	Apr 2008	$1,511	$1,511	$0	$1,511	$0	$0
Lending Institution	Apr 2008	$0	$0	$0	$0	$0	$0
Business Services	Apr 2008	$19,811	$19,345	$19,345	$0	$0	$0
Whlsl-Industrl Paper	Mar 2008	$18,996	$18,996	$6,301	$6,379	$6,316	$0
Whlsl-Ind Mach Sppls	Mar 2008	$278	$278	$0	$278	$0	$0
Lending Institution	Feb 2008	$18,238	$549	$549	$0	$0	$0
Whlsl-Durable Goods	Feb 2008	$564	$564	$564	$0	$0	$0
Mfr-Pump & Pumping Equipment	Feb 2008	$2,218	$2,218	$0	$2,218	$0	$0
Mfr-Truck/Trailer	Jan 2008	$199	$199	$0	$199	$0	$0
Business Services	Jan 2008	$6,975	$6,975	$2,450	$4,525	$0	$0
Whlsl-Constr/Mine Eq	Dec 2007	$184	$184	$184	$0	$0	$0
Transportation Serv	Dec 2007	$2,312	$2,312	$814	$1,498	$0	$0
Transportation Serv	Nov 2007	$10,000	$500	$500	$0	$0	$0
Wholesale-Elec Equip	Sep 2007	$493	$66	$0	$66	$0	$0
Transportation Serv	Aug 2007	$1,117	$1,117	$493	$559	$42	$23
Transportation Serv	Aug 2007	$1,794	$1,794	$1,794	$0	$0	$0
Trucking (APTA)	Jul 2007	$12,530	$12,530	$12,402	$128	$0	$0
Whlsl-Electronic Pts	May 2007	$5,000	$297	$297	$0	$0	$0
Whlsl-Ind Mach Sppls	Apr 2007	$639	$639	$216	$423	$0	$0
Total		$111,018	$73,626	$48,556	$18,629	$6,418	$23

# - Indicates Long Term Secured Debit, which is NOT included in the PI and CI calculation.

Banking Information

Bank Relationships

This bank report was obtained on: Sep 07, 2007
Bank Name:	THE BANK OF NOVA SCOTIA OUELLETTE & PARK
Address:	388 OUELLETTE AVE WINDSOR, ON N9A6P1 Branch: 002, Transit: 71852
Reference:	MIKE BOSTON Phone: (519) 973-5311 Fax: (519) 973-5332
Account Type(s):	Current account
Account Opened:	Dec ,
Account Balance:	Low 6 figures
Returned Checks:	None
Line of Credit Details
Credit Line Type(s):	Line of credit
Line of Credit Date:	Dec ,
Line of Credit Authorized:	Low 7 figures
Rating on Line of Credit:	Not available
Secured? By What?:	Not available
Loan Details
Loan Type(s):	Term loan
Loan Date:	Not available
Loan Amount:	Low 7 figures
Still Owing:	Not available
Terms:	Not available
Rating:	Not available
Secured? By What?:	Not available
Signing Officer(s):	Not available

Company Background Information

Other Names or Addresses

Multiple names and/or addresses have been reported for this business. Validations are listed below. Regardless of which address you've chosen to pull this report for, the information is identical.

CAPSCANADA CORP, 456 SILVER CREEK INDUSTRIAL DR, TECUMSEH, ON N8N4Y3

CAPS CANADA CORPORATION, 456 SILVER CREEK INDUSTRIAL DR, TECUMSEH, ON N8N4Y3

Inquiries

Inquiries
Inquiry Date	Inquirer's Name/Industry
Apr 01, 2008	DEL FINANCIAL
Apr 01, 2008	Mfr-Air Conditioning Equipment
Mar 28, 2008	Transportation Serv
Feb 11, 2008	Whlsl-Industrl Paper
Feb 11, 2008	Whlsl-Industrl Paper
Feb 11, 2008	Whlsl-Industrl Paper
Nov 28, 2007	DEL FINANCIAL
Nov 21, 2007	Lending Institution
Nov 19, 2007	Whlsl-Industrl Paper
Nov 19, 2007	Whlsl-Industrl Paper
Nov 19, 2007	Whlsl-Industrl Paper
Nov 16, 2007	DEL FINANCIAL
Oct 30, 2007	PANALPINA INC
Oct 18, 2007	Trucking
Oct 08, 2007	Lending Institution
Sep 19, 2007	Transportation Serv
Aug 22, 2007	Transportation Serv
Jul 11, 2007	DEL FINANCIAL
Jul 10, 2007	DEL FINANCIAL
Jul 06, 2007	Business Services
Jun 27, 2007	DEL FINANCIAL
May 09, 2007	DEL FINANCIAL
Apr 26, 2007	GE CAN EQP FINANCING
Apr 18, 2007	Business Services
Mar 13, 2007	Whlsl-Electronic Pts
Feb 14, 2007	DEL FINANCIAL
Oct 24, 2006	Mfr-Paper Box
Aug 22, 2006	Wholesale-Elec Equip
Jul 31, 2006	Business Services
Jul 23, 2006	DEL FINANCIAL
Jul 21, 2006	DEL FINANCIAL
Jul 21, 2006	DEL FINANCIAL
Jul 06, 2006	GE CAN EQP FINANCING
Apr 19, 2006	Business Services

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