ANY ELECTRIC SUPPLY COMPANY, INC.	ANYWHERE, NEW YORK 12345-3535
	2510 Main Avenue
Mail:	PO BOX 2970 Zip 12348-2970
	PHONE: 999/555-5901
	FAX: 999/555-1146

	Branch:	SOMEPLACE, NEW JERSEY 14567
		12131 Sands Road

TYPE OF BUSINESS:	WHOLESALE ELECTRICAL SUPPLIES
NET WORTH:	$ 1,499,694 AS OF JUNE 30, 1996
INCORPORATED:	FEBRUARY 2, 1942

PRINCIPALS:	PETER DONALDSON	PRESIDENT
	VICK MILLER	SENIOR VICE PRESIDENT
	JOHN DONALDSON	VICE PRESIDENT
	ERIC DONALDSON	SECRETARY/TREASURER

ANTECEDENTS

Any Electric Supply Company, Inc. has been in business for over 54 years, having been incorporated on February 2, 1942 Mr. Herman Rainsboro was the President and principal stockholder until his retirement in April of 1972. At that time Mr. James Donaldson and Mr. Ted Schick, two long-time employees, acquired the corporation from Mr. Rainsboro. Mr. James Donaldson became President and Mr. Ted Schick became Secretary/Treasurer.

In January, 1978 Mr. Schick retired, and James Donaldson's brother, Peter, succeeded him as Secretary/Treasurer. After James Donaldson retired in 1980, Peter Donaldson became President. Peter's sons, John and Eric Donaldson, are Vice President and Secretary/Treasurer, respectively. In September, 1996, the EMCB has advised that although Peter Donaldson is still the President, he has retired and is no longer active in the day-to-day management. Vick Miller, who had been with the company since 1970, is Senior Vice President. John Donaldson has been with the organization since 1980, and his brother, Eric, since 1978.

Stock ownership is equally split between the Donaldson's.

TERRITORY COVERED AND FACILITIES

In an interview conducted recently with Mr. Eric Donaldson, he advised there are 38 employees. The company is engaged in the wholesaling of full lines of electrical supplies and lighting fixtures. They sell principally to electrical contractors throughout the Tri-State area. The corporation owns the 20,000 square foot building on Main Avenue. The branch in Someplace, New Jersey was opened in April, 1992. The 8,000 square feet of space is leased at the branch location.

REFERENCES

Leviton Manufacturing Company, Little Neck NY	Pass & Seymour, Inc., Syracuse NY
Can-Tex, Inc., Mineral Wells TX	Milwaukee Electric Tool, Brookfield WI
OZ Gedney Company, Farmington CT	Lithonia Lighting, Conyers GA
Prudential Lighting Corporation, Los Angeles CA	Spaulding Lighting, Inc., Cincinnati OH

FINANCIAL REMARKS

The Donaldson family has co-operated with the Electrical Manufacturers' Credit Bureau by making available financial information covering the fiscal year ended June 30, 1996. Balance sheet details as of that date are:

	ASSETS		LIABILITIES
	CASH	$ 254,682	ACCTS. PAYABLE	$ 440,930
	RECEIVABLES	956,637	NOTES PAYABLE	50,000
	INVENTORY	657,965	OTHER	90,420
	OTHER	3,550		__________
	TOTAL CURRENT	$1,872,834	TOTAL CURRENT	$ 581,350
			TL STOCK EQUITY	$1,499,694
	FIXED ASSETS	208,210		__________
	TOTAL ASSETS	$2,081,044	TOTAL	$2,081,044

These figures indicate a strong financial structure with a current ratio of 3.22 to 1; a quick ratio of 2.08 to 1; and a worth debt ratio of 2.57 to 1.

Since 1980, the corporation has maintained a banking relationship with West Side National Bank, 456 Waterside, New York, NY. According to Edward Kedzie, vice president at West Side National, they have a checking account with a balance in the mid five figure range. They also have an open line of credit in the low six figures which is not currently active.

PAYING RECORD (SEE CURRENT LEDGER INTERCHANGE REPORT ATTACHED)

The most recent ledger interchange report is the one dated June 6, 1996. The report showed 24 subscribers reporting, with seven commenting discount and nine stating prompt. There was quite a bit of slowness ranging from 15-67 days. The ledger interchange reports prepared through the years have always been similar.

CONCLUSION

Financial information for the period ending June 30, 1996 has once again been provided by Eric Donaldson. A member of the Donaldson family has been involved in the ownership and management of the company since 1972. Over the past years, ledger interchange reports have always indicated slowness.