MIRA INFORM REPORT

Report Date :

25.10.2007

IDENTIFICATION DETAILS

Name :	OTC INTERNATIONAL LTD CO

Registered Office :	3100 47th Ave, Long Is City, Ny 11101-3068

Country :	United States

Date of Incorporation :	01/02/1998

Legal Form :	Institutions

Line of Business :	Mail Order Houses Jewelry & Precious Stones Wholesaling

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	2 days beyond terms

Litigation :	Clear

Company Information

OTC INTERNATIONAL LTD CO
3100 47TH AVE
LONG IS CITY, NY 11101-3068
(718) 391-7400

Business Identification Number:

700847996

File Established:

04/1992

Date of Incorporation:

01/02/1998

SIC code:

MAIL ORDER HOUSES – 5961

Executive Summary

Intelliscore for OTC INTERNATIONAL LTD CO

60.68

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

MEDIUM RISK
43% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DELINQUENT ACCOUNTS

NUMBER OF CURRENT ACCOUNTS

Current DBT range compared to all industries*

2 DBT
($8,700 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: details (FILED 03/01-06/03)

Total collections:

Sum of legal filings:

$204,115

UCC filings: details (FILED 12/03-12/05)

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:

$8,700

Trade balance of all trades (14):

$8,800

Average balance previous 5 quarters:

$11,780

Highest credit amount extended: details

$54,000

6 month balance range:

$4,200 - $8,700

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

7 month DBT trends

90+

Apr07

May07

Jun07

Jul07

Aug07

Sep07

Current

Quarterly DBT trends (previous 5 quarters)

90+

3Q06

4Q06

1Q07

2Q07

3Q07

Performance Analysis

Predicted DBT for 12/19/2007: 2 DBT

Payment Trend Indication:
Are Improving Toward Term Requirements

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

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

Legal Filings and Collections

Judgments

File
Date

Filing
Type

Status

Amount

Plaintiff

Filing
Number

Jurisdiction

06/16/2003

Judgment

Filed

$107,909

NYC DEPARTMENT OF FINANCE

000787144

QUEENS CNTY REG COUR

03/06/2003

Judgment

Satisfied

$96,206

NYC DEPARTMENT OF FINANCE

000607335

QUEENS CNTY REG COUR

08/15/2001

Judgment

Satisfied

$2,263

NYC DEPARTMENT OF FINANCE

000610204

QUEENS CNTY REG COUR

03/26/2001

Judgment

Filed

$96,206

NYC DEPARTMENT OF FINANCE

000607335

QUEENS CNTY REG COUR

03/12/2001

Judgment

Satisfied

$13,996

NYC DEPARTMENT OF FINANCE

000397277

QUEENS CNTY REG COUR

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

08/2007

06/2007

$54,000

$6,600

100%

CUST 5 YR

COMPUTERS

10/2007

11/2003

CREDIT

$7,500

FINCL SVCS

10/2007

03/2004

CONTRCT

$5,300

CUST 10 YR

FINCL SVCS

10/2007

CONTRCT

SATSFTRY

PACKAGING

10/2007

12/2004

NET 30

CUST 3 YR

+TELECOM

10/2007

NET 30

$4,000

$2,100

56%

44%

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

$70,800

$8,700

89%

11%

DBT: 2

Newly Reported

DBT:

Trade Lines Totals

$70,800

$8,700

89%

11%

DBT: 2

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

<$100

CUST 4 YR

+COMMUN SVC

06/2006

NET 30

$100

<$100

100%

FINCL SVCS

03/2006

CONTRCT

SATSFTRY

GENERAL

02/2005

03/1999

NET 30

CUST 10 YR

MANUFCTRNG

10/2006

CERTCHK

NEWSPAPERS

05/2007

NET 30

$100

PETROLEUM

03/2007

VARIED

ACCTCLOSED

TRANSPORTN

07/2006

NET 15

ACCTCLOSED

Monthly Payment Trends

Payment Trends Analysis
MAIL ORDER HOUSES INDUSTRY SIC: 5961

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$8,700

89%

11%

SEP07

84%

$8,700

89%

11%

AUG07

82%

$8,700

89%

11%

JUL07

83%

$4,500

69%

30%

JUN07

83%

$6,500

64%

36%

MAY07

86%

$4,200

69%

30%

APR07

87%

$7,500

89%

11%

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

$6,800

90%

10%

Q2 - 07

APR-JUN

$3,700

72%

28%

Q1 - 07

JAN-MAR

$17,100

68%

30%

Q4 - 06

OCT-DEC

$17,000

84%

16%

Q3 - 06

JUL-SEP

$14,300

86%

14%

UCC Profile

The number of UCC Filings is summarized with the 10 most recent listed below.

A full UCC detail report is available within 72 hours by entering UCC-700847996-C032186818 into the Business ID Number field on the BizApps order page.

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: 12/23/2005

Filing Number: 200512231357924

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SOVEREIGN BANK PA WYOMISSING 19160 1130 BERKSHIRE BLVD.

Collateral: VEHICLES, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 12/06/2005

Filing Number: 200512061292893

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SOVEREIGN BANK PA WYOMISSING 19160 1130 BERKSHIRE BLVD.

Collateral: VEHICLES, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 12/05/2005

Filing Number: 200512051289553

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: RHODE ISLAND HOSPITAL TRUST NATIONAL BAN RI PROVIDENCE 02903

Collateral: FURN & FIX, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 12/05/2005

Filing Number: 23321649

Jurisdiction: SEC OF STATE NEW JER

Secured Party: SOVEREIGN BANK PA WYOMISSING 19160 1130 BERKSHIRE BLVD

Collateral: FURN & FIX, INVENTORY, UNDEFINED

UCC FILED Date: 11/17/2005

Filing Number: 200511171234169

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SOVEREIGN BANK PA WYOMISSING 19160 1130 BERKSHIRE BLVD

Collateral: FURN & FIX, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 11/10/2005

Filing Number: 200511101209213

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SOVEREIGN BANK, A FEDERAL SAVINGS BANK PA WYOMISSING 19160 1

Collateral: VEHICLES, ACCTS REC, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 10/24/2005

Filing Number: 200510241144921

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SOVEREIGN BANK, A FEDERAL SAVINGS BANK PA WYOMISSING 19160 1

Collateral: VEHICLES, ACCTS REC, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 10/14/2005

Filing Number: 200510141109940

Jurisdiction: SEC OF STATE NEW YOR

Secured Party:

Collateral: EQUIP, FURN & FIX, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 10/11/2005

Filing Number: 200510111095929

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: FLEET NATIONAL BANK MA BOSTON 02110 100 FEDERAL STREET

Collateral: VEHICLES, ACCTS REC, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 10/06/2005

Filing Number: 200510061080559

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: RHODE ISLAND HOSPITAL TRUST NATIONAL BAN RI PROVIDENCE 02903

Collateral: VEHICLES, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF NEW YORK

State of Origin: NY

Date of Incorporation: 01/02/1998

Business Type: Institutions - Non-Profit

Charter Number: 2213400

Additional Company Background Information

Key Personnel

Principal(s):	YORAM SHEINMAN, PRESIDENT
	LEE ROTHLEIN, CHIEF FINA
	JOE CLEARY, CONTROLLER

Operating Information

Business Type: Institutions

Primary SIC Code: MAIL ORDER HOUSES - 5961

Secondary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094

Additional SIC Code: 5944 - 5900

Number of Employees: 52

Sales: $8,000,000

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