MIRA INFORM REPORT

Report Date :

20.11.2007

IDENTIFICATION DETAILS

Name :	OSI OPTICAL ELECTRONICS

Registered Office :	12525 Chadron Ave, Hawthorne, CA 90250-4807

Country :	United States

Date of Incorporation :	04/1983

Legal Form :	Institutions

Line of Business :	Radio, TV and Electronics Stores

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 :	Small Company

Payment Behaviour :	Slow by 8 days

Litigation :	Clear

Executive Summary

Intelliscore for OSI OPTICAL ELECTRONICS

53.25

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
31% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

RECENTLY DELINQUENT OR DEROGATORY AVG ACCOUNT BALANCES

NUMBER OF DELINQUENT ACCOUNTS

Current DBT range compared to all industries*

8 DBT
($4,700 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

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

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections:

Sum of legal filings:

UCC filings: details (FILED 03/04-07/07)

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:

$4,700

Trade balance of all trades (6):

$4,700

Average balance previous 5 quarters:

$5,640

Highest credit amount extended: details

$15,100

6 month balance range:

$3,600 - $9,000

* 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 Receivable, Contracts, Hereafter Acquired Inventory, Leases, Notes Receivable or Proceeds.

7 month DBT trends

90+

May07

Jun07

Jul07

Aug07

Sep07

Oct07

Current

Quarterly DBT trends (previous 5 quarters)

90+

3Q06

4Q06

1Q07

2Q07

3Q07

Performance Analysis

Predicted DBT for 01/16/2008: 8 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid slower than 50% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and 0000000

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

09/2007

08/2007

$15,100

$300

50%

CUST 21 YR

+BUS SERVCS

11/2007

NET 7

$8,400

$3,700

83%

17%

ELEC EQUIP

10/2007

NET 30

$200

CUST 9 YR

ELEC EQUIP

10/2007

11/2006

NET 30

$200

CUST 1 YR

+MANUFCTRNG

08/2007

07/2007

VARIED

$1,600

$200

100%

CUST 1 YR

=PACKAGING

11/2007

10/2007

NET 30

$3,000

$500

95%

CUST 16 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

$28,500

$4,700

83%

17%

DBT: 8

Newly Reported

DBT:

Trade Lines Totals

$28,500

$4,700

83%

17%

DBT: 8

Monthly Payment Trends

Payment Trends Analysis
RADIO, TV, AND ELECTRONICS STORES INDUSTRY SIC: 5731

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$4,700

83%

17%

OCT07

84%

$3,600

43%

57%

SEP07

86%

$9,000

87%

13%

AUG07

82%

$4,600

77%

20%

JUL07

82%

$4,800

69%

23%

JUN07

84%

$5,700

99%

MAY07

87%

$5,200

99%

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

$6,100

79%

18%

Q2 - 07

APR-JUN

$5,900

80%

19%

Q1 - 07

JAN-MAR

$6,200

80%

20%

Q4 - 06

OCT-DEC

$5,600

96%

Q3 - 06

JUL-SEP

$4,400

97%

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 Receivable, Contracts, Hereafter Acquired Inventory, Leases, Notes Receivable or Proceeds.

UCC Filings

UCC FILED Date: 07/27/2007

Filing Number: 077123746643

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: WACHOVIA BANK, NATIONAL ASSOCIATION, AS NC CHARLOTTE 28288

Collateral:

UCC AMENDED Date: 12/27/2006

Filing Number: 0670966053

Original Filing Date: 12/27/2006

Original Filing Number: 0670908926

Original Filing State: CA

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION MD HUNT VALLEY 21030 4

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 07/05/2006

Filing Number: 067076482121

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: CANON FINANCIAL SERVICES NJ MT LAUREL 08054 158 GAITHER DRIV

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 02/22/2005

Filing Number: 057016665652

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: ORBOTECH, INC. MA BILLERICA 01821 44 MANNING ROAD

Collateral: UNDEFINED

UCC FILED Date: 03/19/2004

Filing Number: 200408461002

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: BANK OF THE WEST CA ROSEMEAD 91770 9000 EAST VALLEY BLVD.

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC TERMINATED Date: 07/27/2007

Filing Number: 0771237328

Original Filing Date: 03/19/2004

Original Filing Number: 0408461002

Original Filing State: CA

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: BANK OF THE WEST CA ROSEMEAD 91770 9000 EAST VALLEY BLVD.

Collateral:

UCC TERMINATED Date: 07/27/2007

Filing Number: 0771237450

Original Filing Date: 01/29/1997

Original Filing Number: 9703060038

Original Filing State: CA

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: SANWA BANK CALIFORNIA CA ROSEMEAD 91770 9000 E VALLEY BLVD

Collateral:

Commercial Finance Relationships

Leasing Relationships

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 10/2006

Original Lease Amount: $15,300

Lease Product Type: EQUIPMENT

Lease Term: 37 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $425

Amount of Overdue Payments: $0

Remaining Balance: $10,625

Current Payments: 11

Late Payments: 0

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 10/2006

Original Lease Amount: $13,500

Lease Product Type: EQUIPMENT

Lease Term: 37 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $343

Amount of Overdue Payments: $0

Remaining Balance: $9,343

Current Payments: 11

Late Payments: 0

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 04/2007

Original Lease Amount: $16,740

Lease Product Type: EQUIPMENT

Lease Term: 37 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $418

Amount of Overdue Payments: $0

Remaining Balance: $14,368

Current Payments: 5

Late Payments: 0

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 08/2007

Original Lease Amount: $13,500

Lease Product Type: EQUIPMENT

Lease Term: 36 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $375

Amount of Overdue Payments: $0

Remaining Balance: $12,750

Current Payments: 2

Late Payments: 0

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 08/2007

Original Lease Amount: $21,204

Lease Product Type: EQUIPMENT

Lease Term: 37 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $589

Amount of Overdue Payments: $0

Remaining Balance: $20,615

Current Payments: 1

Late Payments: 0

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 10/2006

Original Lease Amount: $13,500

Lease Product Type: EQUIPMENT

Lease Term: 37 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $362

Amount of Overdue Payments: $0

Remaining Balance: $9,362

Current Payments: 11

Late Payments: 0

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 07/2006

Original Lease Amount: $15,300

Lease Product Type: EQUIPMENT

Lease Term: 37 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $376

Amount of Overdue Payments: $0

Remaining Balance: $9,301

Current Payments: 10

Late Payments: 4

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 04/2007

Original Lease Amount: $16,020

Lease Product Type: EQUIPMENT

Lease Term: 36 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $397

Amount of Overdue Payments: $0

Remaining Balance: $13,302

Current Payments: 5

Late Payments: 1

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 09/2007

Original Lease Amount: $10,793

Lease Product Type: EQUIPMENT

Lease Term: 37 Months

Current Due Date: 11/01/2007

Current Scheduled Amount Due: $299

Amount of Overdue Payments: $0

Remaining Balance: $10,793

Late Payments: 0

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 03/12/1990

Current Status: Active

Business Type: Institutions - Profit

Charter Number: 01660062

Agent: C T CORPORATION SYSTEM

Agent Address: 818 W 7TH ST LOS ANGELES, CA

Additional Company Background Information

Key Personnel

Principal(s):	AJAY MEHRA, CHIEF FINA
	VICTOR SZE
	JOHN J. WHELAN, CHIEF OPER

Operating Information

Business Type: Institutions

Primary SIC Code: RADIO, TV, AND ELECTRONICS STORES - 5731

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

Executive Summary

Trade Payment Information

Trade Payment Totals

Monthly Payment Trends

Quarterly Payment Trends

UCC Profile

UCC Filings

Commercial Finance Relationships

Company Background Information