MIRA INFORM REPORT

Report Date :

01.04.2008

IDENTIFICATION DETAILS

Name :	J E HAMMER & SOHNE INC
Registered Office :	71 W 47th St Ste 1500 New York, NY 10036-2819
Country :	United States
Date of Incorporation :	03/2001
Com. Reg. No.:	700730806
Legal Form :	Private Limited Company
Line of Business :	Jewelry and Precious Stones

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear

Company Information

J E HAMMER & SOHNE INC
71 W 47TH ST STE 1500
NEW YORK, NY 10036-2819
(917) 777-0850

Business Identification Number:

700730806

File Established:

03/2001

SIC code:

JEWELRY & PRECIOUS STONES WHLSNG - 5094

Executive Summary

  Intelliscore for J E HAMMER & SOHNE INC

62.05

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

100

High risk

Low risk

MEDIUM RISK
46% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF OTHER TRADES
	NUMBER OF DELINQUENT ACCOUNTS
	NUMBER OF ACTIVE ACCOUNTS
	NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

  Current DBT range compared to all industries*

0 DBT
($1,200 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 7 DBT        Same industry: 5 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections: details (PLACED 10/05)

1

Sum of legal filings:

$0

UCC filings:

0

Cautionary UCC filings present?

No

Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

0

Highest DBT previous 5 quarters:

3

Total continuous trades:

3

Current continuous trade balance:

$1,200

Trade balance of all trades (6):

$3,000

Average balance previous 5 quarters:

$760

Highest credit amount extended: details

$1,200

6 month balance range:

$100 - $1,200

* 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.

  7 month DBT trends

90+

60

30

0

0

0

0

0

0

0

0

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

3

2

0

2

0

0

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 05/28/2008: 1 DBT

Payment Trend Indication:
Are Stable

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

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

Legal Filings and Collections

Collections
Date Placed	Status	Original Balance	Outstanding Balance	Date Closed	Agency	Agency Phone
10/2005	Paid in Full	$0	Undisclosed	05/2006	ENVIRONMENTAL CONTROL BOARD	(212) 361-1400

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	02/2008	02/2008		$1,200	$1,200	100%					CUST 7 YR
AIR TRANS	02/2008		NET 30		$0						CUST 2 YR
TRANSPORTN	03/2008		VARIED		$0						CUST 8 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	3	$1,200	$1,200	100%					DBT: 0
Newly Reported	0								DBT:
Trade Lines Totals	3	$1,200	$1,200	100%					DBT: 0

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
=COMPUTERS	06/2006	05/2006		$500	$500		100%
+LEASING	02/2008		CONTRCT	$1,300	$1,300	100%
LEASING	04/2007		CONTRCT	$8,900	$0						CUST 3 YR

Monthly Payment Trends

Payment Trends Analysis
JEWELRY & PRECIOUS STONES WHLSNG INDUSTRY SIC: 5094

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

0

$1,200

100%

FEB08

88%

5

0

$1,200

100%

JAN08

88%

5

0

$400

100%

DEC07

89%

4

0

$300

100%

NOV07

89%

4

0

$500

100%

OCT07

90%

4

0

$700

100%

SEP07

90%

4

0

$100

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+
Q4 - 07	OCT-DEC	0	$500	100%
Q3 - 07	JUL-SEP	2	$500	86%	14%
Q2 - 07	APR-JUN	0	$800	100%
Q1 - 07	JAN-MAR	2	$1,000	89%	11%
Q4 - 06	OCT-DEC	3	$1,000	82%	18%

Inquiries

Summary of Inquiries
Business Category	MAR08	FEB08	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07
BANK					1
Totals					1

Company Background Information

  Additional Company Background Information

Key Personnel

Principal(s):	MAJIT ALGOUNEH
	BIRESH PATEL, PRESIDENT

Operating Information

Primary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094

Number of Employees: 10

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