MIRA INFORM REPORT

Report Date :

02.04.2008

IDENTIFICATION DETAILS

Name :	PACIFIC DIAMOND GROUP

Registered Office :	550 S Hill St, Los Angeles, Ca 90013-1002

Country :	United States

Date of Incorporation :	03/1983

Legal Form :	Private Limited Company

Line of Business :	Jewelry Stores Jewelry, Precious Metal

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 13 days

Litigation :	Clear

Executive Summary

Intelliscore for PACIFIC DIAMOND GROUP

54.32

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
32% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF RECENT COLLECTION ACCOUNTS

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DELINQUENT ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

Current DBT range compared to all industries*

13 DBT
($700 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

DBT Norms:
All industries: 7 DBT Same industry: 10 DBT

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings: details (FILED 12/04)

Judgment filings:

Total collections: details (PLACED 04/07)

Sum of legal filings:

$90

UCC filings: details (FILED 11/01)

Cautionary UCC filings present?

Trade Information

Monthly average DBT:

Highest DBT previous 6 months:

Highest DBT previous 5 quarters:

Total continuous trades:

Current continuous trade balance:

$700

Trade balance of all trades (8):

$900

Average balance previous 5 quarters:

$520

Highest credit amount extended: details

$3,200

6 month balance range:

$200 - $2,200

* 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+

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Current

Quarterly DBT trends (previous 5 quarters)

90+

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 05/28/2008: 11 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, CREDIT, and CONTRCT

Legal Filings and Collections

Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

04/2007

Open Account

$4,540

RECEIVABLE MANAGEMENT SERVICES

(484) 242-4000

Tax Liens

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

12/23/2004

County Tax Lien

Filed

$90

20043333038

LOS ANGELES COUNTY C

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

CUST 5 YR

=AIR TRANS

01/2008

$3,200

$600

93%

CUST 6 YR

AIR TRANS

02/2008

NET 30

$200

CUST 4 YR

+BUS SERVCS

03/2008

NET 30

$100

<$100

100%

+OFFC SUPPL

01/2008*

01/2008

NET 30

$200

100%

OFFC SUPPL

03/2008

CREDIT

PACKAGING

03/2008

NET 30

CUST 4 YR

PLUMBING

11/2007

NET30

CUST 6 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

$3,500

$700

13%

87%

DBT: 13

Newly Reported

$200

100%

DBT: 0

Trade Lines Totals

$3,700

$900

32%

68%

DBT: 10

Monthly Payment Trends

Payment Trends Analysis
JEWELRY STORES INDUSTRY SIC: 5944

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$700

13%

87%

FEB08

79%

$700

93%

JAN08

79%

$2,000

61%

35%

DEC07

81%

$2,200

91%

NOV07

81%

$1,300

85%

OCT07

84%

$1,200

85%

SEP07

84%

$200

54%

46%

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

$1,100

89%

Q3 - 07

JUL-SEP

Q2 - 07

APR-JUN

$400

100%

Q1 - 07

JAN-MAR

$500

77%

11%

12%

Q4 - 06

OCT-DEC

$600

83%

Inquiries

Summary of Inquiries

Business
Category

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

BANK

CRED CARD

TELECOM

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

JAN - PRESENT

2008

JUL - DEC

2007

JAN - JUN

2007

JUL - DEC

2006

JAN - JUN

2006

PRIOR TO JAN

2006

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: 11/08/2001

Filing Number: 0131260884

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: BANK LEUMI USA CA BEVERLY HILLS 90211 8383 WILSHIRE BOULEVAR

Collateral:

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 01/18/1990

Current Status: Inactive - CHARTER SUSPENDED

Business Type: Institutions - Profit

Charter Number: 01475491

Agent: DAVID M NICHOLS

Agent Address: 25425 VALLEY VIEW LN MORENO VALLEY, CA

Additional Company Background Information

Operating Information

Business Type: Institutions

Primary SIC Code: JEWELRY STORES - 5944

Secondary SIC Code: JEWELRY, PRECIOUS METAL - 3911

Additional SIC Code: 7389 - 5094

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