MIRA INFORM REPORT

Report Date :

19.12.2007

IDENTIFICATION DETAILS

Correct Name :	JORDACHE ENTERPRISES INC JORDACHE LTD

Registered Office :	226 W 37th St, New York, Ny 10018-6605 1400 Broadway, New York, Ny 10018-5300

Country :	United States

Date of Incorporation :	02/09/1978

Legal Form :	Institutions

Line of Business :	Men's & Boys Trousers & Slacks

RATING & COMMENTS

MIRA’s Rating :

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 by 1 day

Litigation :	Clear

Matching Name and Address

This business is linked to the one displayed above. The report shows the best view of the business.

JORDACHE LTD
1400 BROADWAY
NEW YORK, NY 10018-5300

Executive Summary

Intelliscore for JORDACHE ENTERPRISES INC

39.10

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

MEDIUM TO HIGH RISK
25% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

PRESENCE OF DELINQUENT ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

Current DBT range compared to all industries*

1 DBT
($4,200 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT Same industry: 9 DBT

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Released

Judgment filings: details (FILED 07/01-05/03)

Total collections: details (PLACED 09/03-07/05)

Sum of legal filings:

$2,193

UCC filings: details (FILED 08/03-08/05)

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

Highest DBT previous 6 months:

Highest DBT previous 5 quarters:

Total continuous trades:

Current continuous trade balance:

$4,200

Trade balance of all trades (14):

$19,400

Average balance previous 5 quarters:

$10,180

Highest credit amount extended: details

$24,000

6 month balance range:

$4,200 - $6,700

* 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.

** 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.

7 month DBT trends

90+

Jun07

Jul07

Aug07

Sep07

Oct07

Nov07

Current

Quarterly DBT trends (previous 5 quarters)

90+

3Q06

4Q06

1Q07

2Q07

3Q07

Performance Analysis

Predicted DBT for 02/13/2008: 1 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, 0000000, and CREDIT

Legal Filings and Collections

Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

07/2005

Closed, Uncollected

$1,124

09/2005

RECEIVABLE MANAGEMENT SERVICES

(000) 000-0000

09/2003

Open Account

$62

FIDELITY NATIONAL CREDIT SERVI

(800) 648-9341

Tax Liens

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

08/09/2005

State Tax Lien

Released

$1,578

1698464

NEW YORK COUNTY REG

Judgments

File
Date

Filing
Type

Status

Amount

Plaintiff

Filing
Number

Jurisdiction

05/05/2003

Judgment

Filed

$1,578

NYC DEPARTMENT OF FINANCE

001698464

NEW YORK COUNTY REG

03/25/2002

Judgment

Satisfied

$615

NYC DEPARTMENT OF FINANCE

001435408

NEW YORK COUNTY REG

07/16/2001

Judgment

Filed

$615

NYC DEPARTMENT OF FINANCE

001435408

NEW YORK COUNTY REG

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

10/2007

$700

$100

100%

CUST 8 YR

+BUS SERVCS

11/2007

NET 7

$3,000

$1,800

100%

-FACTOR

11/2007

10/2007

NET 60

$1,200

$200

100%

=FINCL SVCS

11/2007

10/2007

CONTRCT

$24,000

$2,100

100%

CUST 2 YR

GENL MERCH

11/2007

06/2007

CREDIT

$200

PACKAGING

12/2007

NET 30

SAFTY PROD

12/2007

NET 30

CUST 7 YR

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

$29,100

$4,200

96%

DBT: 1

Newly Reported

DBT:

Trade Lines Totals

$29,100

$4,200

96%

DBT: 1

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

-AIR TRANS

11/2006

NET 30

$14,000

100%

COLLECTION

FACTOR

05/2005

01/2005

VARIED

$435,900

SATSFTRY

FACTOR

02/2006

12/1999

VARIED

FINCL SVCS

12/2004

VARIED

$300

CUST 3 YR

+LEASING

09/2006

NET 30

$100

<$100

100%

CUST 4 YR

-LEASING

11/2007

CONTRCT

$1,100

18%

28%

NEWSPAPERS

01/2006

NET 30

Monthly Payment Trends

Payment Trends Analysis
MEN'S & BOYS TROUSERS & SLACKS INDUSTRY SIC: 2325

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$4,200

96%

NOV07

67%

$4,200

96%

OCT07

67%

$5,600

88%

SEP07

66%

$5,900

100%

AUG07

66%

$6,000

100%

JUL07

70%

$6,700

100%

JUN07

77%

$6,700

100%

Quarterly Payment Trends

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q3 - 07

JUL-SEP

$6,200

100%

Q2 - 07

APR-JUN

$8,500

100%

Q1 - 07

JAN-MAR

$10,000

100%

Q4 - 06

OCT-DEC

$12,600

98%

Q3 - 06

JUL-SEP

$13,600

100%

Inquiries

Summary of Inquiries

Business
Category

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

GENERAL

Totals

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

JUL - PRESENT

2007

JAN - JUN

2007

JUL - DEC

2006

JAN - JUN

2006

JUL - DEC

2005

PRIOR TO JUL

2005

Total

** 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: 08/09/2005

Filing Number: 200508095705396

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: TOSHIBA AMERICA INFORMATION SYSTEMS, INC MO MOBERLY 65270 19

Collateral: EQUIP, HEREAFTER AQUIRED PROP

UCC FILED Date: 08/18/2003

Filing Number: 200308181481707

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: OBSERVER CORPORATION NJ UNION 07083 2400 MORRIS AVENUE

Collateral: EQUIP

Commercial Finance Relationships

Leasing Relationships

Leasing Company: NON-DISCLOSED

Origination Date: 10/2006

Original Lease Amount: $8,985

Lease Product Type: EQUIPMENT

Lease Close Date: 01/2012

Lease Term: 64 Months

Current Scheduled Amount Due: $140

Amount of Overdue Payments: $0

Remaining Balance: $6,988

Late Payments: 0

Company Background Information

Additional Company Background Information

Key Personnel

Principal(s):	BECCY SOSINSKI, OFFICE MAN
	MARY ROLLINS, PRESIDENT
	PHIL ZREICL, DIRECTOR

Operating Information

Business Type: Institutions

Primary SIC Code: MEN'S & BOYS TROUSERS & SLACKS - 2325

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

MIRA INFORM REPORT

Company Information

Matching Name and Address

Executive Summary

Legal Filings and Collections

Tax Liens

Judgments

Trade Payment Information

Trade Payment Totals

Additional Payment Experiences

Monthly Payment Trends

Quarterly Payment Trends

Inquiries

UCC Profile

Commercial Finance Relationships

Company Background Information