MIRA INFORM REPORT

Report Date :

15.04.2011

IDENTIFICATION DETAILS

Name :	MUNCIE RECLAMATION AND SUPPLY COMPANY

Registered Office :	300-B East High Street Jefferson City Mo 65101, U.S.

Country :	United States

Date of Incorporation :	08.06.1989

Legal Form :	Corporation for Profit

Line of Business :	Automotive Repair Services

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Usually Correct

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United States

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation: Stable

IDENTIFICATION

Ordered as:	Muncie Transit Supplly
Address in the order:	Attn. Mr. Tom Lavender Purchase Dept 3720 S Madison Street Muncie, Indiana 47302 , U.S.
Legal Name:	Muncie Reclamation And Supply Company
Legal Address	300-B East High Street Jefferson City Mo 65101, U.S.
Telephone:	+1 (765) 288-1971	ID :	00328950
Fax:	+1 (765) 286-0164	Legal Form:	Corporation for Profit
Email:	NA	Registered in:	Missouri
Website:	http://www.abc-companies.com	Date Created:	NA
Manager:	Robert Heaney, President	Date Incorporated:	June 8,1989
Staff:	46	Stock:	NA
		Value:	NA
Activity:	Automotive Repair Services

BANKS

Name of the Bank

WELLS FARGO BANK

BUSINESS

PRINCIPAL ACTIVITY
	Muncie Transit Supply is the an independent supplier of replacement parts to the transit bus industry in North America, providing replacement parts to the transit bus and coach industries since 1953.
Products/Services description:
	Expansive selection of high-quality OEM, aftermarket, and private label components.
Sales are:
	Wholesale, Retail
Clients:
	General clientele and various industries
Operations area:
	National, International
The company imports from Canada
The company does not export
Trade References:
	The person contacted refused to provide the names of their suppliers for us to check the trade references.
The subject employs 46 employee(s)
PAYMENTS
	regular
LOCATION
Headquarters
	The company is headquartered at 3720 South Madison Street Muncie, Indiana 47302

Shareholders - Manager - Related Companies

Shareholders Parent Company(ies):
	In August 2007, ABC Companies announced that it had acquired Muncie Transit Supply including its Ontario, Canada, subsidiary, Baker Transit Parts. ABC Companies 1506 30th Street NW Faribault, Minnesota 55021
Management:
	Chief Operating Officer, Robert Heaney V Pres, Hank Helmbrecht Director, Dane Cornell
Related Companies:
	Baker Transit Parts, Inc. 3481 St. Clair Parkway P.O. Box 100 Sombra, Ontario Canada N0P 2H0

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

We have contacted the company but refused to provide us any financial data on grounds of confidentiality.

Legal Fillings

There is one UCC file listed with the Secretary of State of Indiana

Filing Number: 20020067984F

Filing Date: 05-21-2002

Filing Jurisdiction: MISSOURI

Secured Party: WELLS FARGO BUSINESS CREDIT, INC.F /K/A NORWEST BUSINESS CREDIT, INC.

Secured Party Address: 100 E WISCONSIN AVE STE 1400

MILWAUKEE WI 53202- 4107

Debtor: MUNCIE RECLAMATION AND SUPPLY COMPANY D/B/A MUNCIE TRANSIT SUPPLY

Debtor Address: 3720 S MADISON ST

MUNCIE IN 47302- 5757

There are no legal filings listed with the District Court.

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

For information:

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

Rating

Local credit bureau gave a Low credit rate.

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

Final Opinion

This company has been incorporated for business for 21 years; it has a staff of 46 employees which makes it a medium sized company.

Any financial information could be gathered.

There were no legal filings found against the company or its legal representatives and we did found payment experience. However, no financial data was found.

Therefore, we suggest working with GUARANTEES.

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	LOW	Public Records	NO
Indebtedness	N.A.	Payments	REGULAR
Cash	N.A.

APPENDIX

Person Interviewed
	Receptionist
Comments
	We contacted the company, and the receptionist refused to provide us any kind of information on grounds of confidentiality.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.48
UK Pound	1	Rs.72.37
Euro	1	Rs.64.42

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	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

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.