MIRA INFORM REPORT

Report Date :

02.04.2008

IDENTIFICATION DETAILS

Name :	FINE GEMS
Registered Office :	550 S Hill St Ste 1548 , Los Angeles, Ca 90013-2416
Country :	United States
Date of Incorporation :	02/07/1980
Legal Form :	Private Limited Company
Line of Business :	Fine earthenware food utensils Jewelry & precious stones whlsng

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

FINE GEMS
550 S HILL ST STE 1548
LOS ANGELES, CA 90013-2416
(213) 627-8804

Business Identification Number:

799307742

File Established:

04/1993

Date of Incorporation:

02/07/1980

SIC code:

FINE EARTHENWARE FOOD UTENSILS - 3263

Executive Summary

Intelliscore for FINE GEMS

40.62

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

Key score factors:

	BALANCE ON HIGH CREDIT
	NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS
	NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO
	NUMBER OF COLLECTION ACCOUNTS

  Current DBT range compared to all industries*

0 DBT
($48,500 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 7 DBT        Same industry: 3 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections: details (PLACED 07/05-01/06)

5

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:

0

Total continuous trades:

2

Current continuous trade balance:

$48,500

Trade balance of all trades (5):

$48,600

Average balance previous 5 quarters:

$41,660

Highest credit amount extended: details

$50,800

6 month balance range:

$33,700 - $48,600

* 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

0

0

0

0

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
01/2006	Closed, Uncollected	$214	$214	06/2006	RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
12/2005	Closed, Uncollected	$214	$214	12/2005	RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
09/2005	Open Account	$214	$214		RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
08/2005	Open Account	$214	$214		RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
07/2005	Open Account	$214	$214		RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000

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
ADVERTISNG	03/2008		NET 30		$0						CUST 5 YR
+BANK	02/2008	02/2008	CONTRCT	$50,800	$48,500	100%

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	2	$50,800	$48,500	100%					DBT: 0
Newly Reported	0								DBT:
Trade Lines Totals	2	$50,800	$48,500	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
+AIR TRANS	09/2007	05/2007		$100	$100	100%					CUST 5 YR
BUS SERVCS	02/2007	02/2007	NET 30		$0
CRED CARD	03/2008		CREDIT		$0						ACCTCLOSED

Monthly Payment Trends

Payment Trends Analysis
FINE EARTHENWARE FOOD UTENSILS INDUSTRY SIC: 3263

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

$48,500

100%

FEB08

94%

3

0

$48,500

100%

JAN08

95%

2

0

$48,600

100%

DEC07

96%

1

0

$48,600

100%

NOV07

96%

1

0

$48,500

100%

OCT07

97%

1

0

$39,400

100%

SEP07

91%

3

0

$33,700

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+
Q4 - 07	OCT-DEC	0	$45,500	100%
Q3 - 07	JUL-SEP	0	$23,600	100%
Q2 - 07	APR-JUN	0	$39,000	100%
Q1 - 07	JAN-MAR	0	$50,800	100%
Q4 - 06	OCT-DEC	0	$49,400	100%

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 02/07/1980

Current Status: Active

Business Type: Institutions - Profit

Charter Number: 00951646

  Additional Company Background Information

Key Personnel

Principal(s):

ARASTU H. SHAHID, OWNER

Operating Information

Business Type: Institutions

Primary SIC Code: FINE EARTHENWARE FOOD UTENSILS - 3263

Secondary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094

Number of Employees: 4

Sales: $550,000

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