MIRA INFORM REPORT

Report Date :

02.04.2008

IDENTIFICATION DETAILS

Name :	SAMUEL AARON INTERNATIONAL
Registered Office :	3100 47^th Ave Ste 4 C , Long Is City, NY 11101-3068
Country :	United States
Date of Incorporation :	26/06/1985
Legal Form :	Private Limited Company
Line of Business :	Jewelry, Precious Metal

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 :	Slow by 8 days
Litigation :	Clear

Company Information

SAMUEL AARON INTERNATIONAL
3100 47TH AVE STE 4C
LONG IS CITY, NY 11101-3068
(718) 392-5454

Business Identification Number:

700105620

File Established:

06/1989

Date of Incorporation:

06/26/1985

SIC code:

JEWELRY, PRECIOUS METAL - 3911

Executive Summary

  Intelliscore for SAMUEL AARON INTERNATIONAL

50.04

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
29% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS
	NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO
	NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS
	BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS

  Current DBT range compared to all industries*

8 DBT
($28,800 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

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

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 03/02)

1

Judgment filings:

0

Total collections: details (PLACED 04/05)

1

Sum of legal filings:

$1,211

UCC filings: details (FILED 07/03-09/05)

7

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

10

Highest DBT previous 6 months:

21

Highest DBT previous 5 quarters:

21

Total continuous trades:

12

Current continuous trade balance:

$28,800

Trade balance of all trades (19):

$30,300

Average balance previous 5 quarters:

$41,580

Highest credit amount extended: details

$51,100

6 month balance range:

$25,000 - $45,200

* 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.

** 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.

  7 month DBT trends

90+

60

30

5

7

6

21

14

7

8

0

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

6

7

8

6

11

0

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 05/28/2008: 8 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid the same as similar firms

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

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
04/2005	Closed, Uncollected	$110	$110	09/2005	RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000

Tax Liens
File Date	Filing Type	Status	Amount	Filing Number	Jurisdiction
04/25/2002	State Tax Lien	Released	$1,211	200204251456	SACRAMENTO COUNTY RE
03/14/2002	State Tax Lien	Filed	$1,211	200203140672	SACRAMENTO COUNTY RE

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			$26,300	$8,000	100%					CUST 24 YR
-AIR TRANS	02/2008		NET 30	<$100	<$100					100%	CUST 21 YR
=BUS SERVCS	03/2008		NET 7	$11,200	$11,200	56%		44%
COMPUTERS	03/2008	05/2005	CREDIT		$0
DP SERVCS	01/2008	10/2005			$0						CUST 3 YR
FACTOR	01/2008		VARIED		$0
=FINCL SVCS	03/2008	02/2008	VARIED	$25,100	$6,300	100%					SATSFTRY
+MANUFCTRNG	03/2008	02/2008	NET 30	$51,100	$3,100	100%					CUST 17 YR
OFFC SUPPL	03/2008	08/1997	CREDIT		$0						ACCTCLOSED
PACKAGING	03/2008		NET 30	$7,600	$0						CUST 3 YR
SAFTY PROD	03/2008		NET30		$0						CUST 8 YR
+TELECOM	03/2008		NET 30	$300	<$100	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	12	$121,700	$28,800	83%		17%			DBT: 8
Newly Reported	0								DBT:
Trade Lines Totals	12	$121,700	$28,800	83%		17%			DBT: 8

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
CELLUL/PAG	06/2005	05/2005	NET 30	$100	$0						CUST 13 YR
COMPUTERS	05/2005		CREDIT		$0						CUST 37 YR
COMPUTERS	06/2006	02/2006		$5,100	$0
HOUSEWARES	04/2006	04/2001	VARIED		$0
+LEASING	02/2008		CONTRCT	$1,900	$1,400	100%
LEASING	11/2006		CONTRCT	$4,400	$0
+OFFC EQUIP	06/2006	06/2006	NET 30	$16,700	<$100	100%					CUST 1 YR

Monthly Payment Trends

Payment Trends Analysis
JEWELRY, PRECIOUS METAL INDUSTRY SIC: 3911

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

8

$28,800

83%

17%

FEB08

85%

10

7

$25,000

84%

16%

JAN08

85%

10

14

$27,600

68%

3%

29%

DEC07

91%

6

21

$33,900

59%

10%

11%

20%

NOV07

90%

6

6

$30,100

81%

7%

12%

OCT07

91%

6

7

$45,200

71%

19%

10%

SEP07

89%

6

5

$44,000

85%

5%

10%

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	11	$36,500	70%	13%	11%	6%
Q3 - 07	JUL-SEP	6	$41,400	85%	4%	11%
Q2 - 07	APR-JUN	8	$36,500	81%	5%	13%		1%
Q1 - 07	JAN-MAR	7	$42,300	83%	5%	11%		1%
Q4 - 06	OCT-DEC	6	$51,200	74%	20%	6%

Inquiries

Summary of Inquiries
Business Category	MAR08	FEB08	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07
CRED CARD					1		2	1
LEASING		1
Totals		2			1		2	1

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	3	7
Total		3	7

** 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: 09/22/2005

Filing Number: 200509221025237

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: ABN AMRO BANK N.V., AS AGENT NY NEW YORK 10017 565 FIFTH AVE

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

UCC FILED Date: 09/21/2005

Filing Number: 5291786 3

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: HSBC BANK USA, NATIONAL ASSOCIATION NY BUFFALO 14203 ONE HSB

Collateral: UNDEFINED

UCC FILED Date: 09/21/2005

Filing Number: 5292656 7

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: ABN AMRO BANK N.V., AS AGENT NY NEW YORK 10017 565 FIFTH AVE

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

UCC FILED Date: 06/20/2005

Filing Number: 5188759 6

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: ABN AMRO BANK N.V. NY NEW YORK 10017 565 FIFTH AVENUE

Collateral: UNDEFINED

UCC FILED Date: 04/11/2005

Filing Number: 5109631 3

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: CANON BUSINESS SOLUTIONS-EAST, INC. NJ PARK RIDGE 07656 P.O.

Collateral: EQUIP

UCC FILED Date: 10/22/2004

Filing Number: 4297971 6

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: FLEET NATIONAL BANK MA BOSTON 02110 100 FEDERAL ST.

Collateral: UNDEFINED

UCC FILED Date: 07/25/2003

Filing Number: 3199853 6

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: ABN AMRO BANK N.V. NEW YORK BRANCH NY NEW YORK 10017 565 FIF

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

Commercial Finance Relationships

  Leasing Relationships

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 09/2002

Original Lease Amount: $3,096

Lease Product Type: EQUIPMENT

Lease Close Date: 09/2005

Lease Term: 36 Months

Payment Interval: 12/YEAR

Current Due Date: 08/10/2007

Current Scheduled Amount Due: $86

Amount of Overdue Payments: $86

Remaining Balance: $0

Current Payments: 35

Late Payments: 22

Company Background Information

  Additional Company Background Information

Key Personnel

Principal(s):	ROBERT KEMPLER, PRESIDENT
	RAY GODDARP, MIS MANAGE
	ROBERT WUESTE, CEO & CHAI

Operating Information

Business Type: Institutions

Primary SIC Code: JEWELRY, PRECIOUS METAL - 3911

Secondary SIC Code: COSTUME JEWELRY - 3961

Additional SIC Code: 3479 - 3914

Number of Employees: 300

Sales: $102,500,000

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