MIRA INFORM REPORT

Report Date :

04.12.2008

IDENTIFICATION DETAILS

Name :	DIALITE IMPORTS CORP
Registered Office :	18 E 48TH ST RM 803 New York, NY 10017-1014
Country :	United States
Date of Incorporation :	June 1988
Com. Reg. No.:	702475801
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

DIALITE IMPORTS CORP
18 E 48TH ST RM 803
NEW YORK, NY 10017-1014
(212) 355-9715

Business Identification Number:

702475801

File Established:

06/1988

SIC code:

JEWELRY & PRECIOUS STONES WHLSNG - 5094

Matching Name and Address

This business is linked to the one displayed above. The report shows the best view of the business.

DIALITE IMPORT CORP
2 W 46TH ST STE 511
NEW YORK, NY 10036-4502

Executive Summary

  Intelliscore for DIALITE IMPORTS CORP

63.38

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
48% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS
	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
($100,300 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 8 DBT        Same industry: 5 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 08/03)

1

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$355

UCC filings: details (FILED 09/04-10/05)

2

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

0

Highest DBT previous 5 quarters:

0

Total continuous trades:

3

Current continuous trade balance:

$100,300

Trade balance of all trades (5):

$100,300

Average balance previous 5 quarters:

$98,020

Highest credit amount extended: details

$100,000

6 month balance range:

$99,000 - $100,300

* 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

0

0

0

0

0

0

0

0

Aug07

Sep07

Oct07

Nov07

Dec07

Jan08

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 04/23/2008: 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

Tax Liens
File Date	Filing Type	Status	Amount	Filing Number	Jurisdiction
12/10/2003	State Tax Lien	Released	$355	001738947	NEW YORK COUNTY REG
08/20/2003	State Tax Lien	Filed	$355	001738947	NEW YORK COUNTY REG

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	01/2008		NET 30		$0						CUST 2 YR
+BANK	01/2008	01/2008	CONTRCT	+$100,000	+$100,000	100%					CUST 11 YR
+TELECOM	10/2007		NET 30	$300	$300	49%	51%

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	+$100,300	+$100,300	100%					DBT: 0
Newly Reported	0								DBT:
Trade Lines Totals	3	+$100,300	+$100,300	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
CRED CARD	01/2008	05/2007	CREDIT		$0						ACCTCLOSED
GENERAL	02/2005	04/2004	NET 30		$0						CUST 5 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

+$100,300

100%

JAN08

88%

5

0

+$100,300

100%

DEC07

88%

5

0

$99,000

100%

NOV07

89%

4

0

+$100,300

100%

OCT07

90%

4

0

+$100,300

100%

SEP07

90%

4

0

+$100,200

100%

AUG07

89%

4

0

$99,000

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	+$99,900	100%
Q3 - 07	JUL-SEP	0	+$99,800	100%
Q2 - 07	APR-JUN	0	+$96,800	100%
Q1 - 07	JAN-MAR	0	$95,600	100%
Q4 - 06	OCT-DEC	0	+$98,000	100%

Inquiries

Summary of Inquiries
Business Category	FEB08	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07	JUN07
BANK					1
TELECOM					1			1
Totals					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	2	2
Total		2	2

** 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: 10/11/2005

Filing Number: 200510111088075

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: STATE BANK OF INDIA, NEW YORK BRANCH NY NEW YORK 10022 460 P

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

UCC FILED Date: 09/09/2004

Filing Number: 200409095755478

Jurisdiction: SEC OF STATE NEW YOR

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

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

Company Background Information

  Additional Company Background Information

Key Personnel

Principal(s):	ATUL SHAH, OWNER
	PRITI SHAH, VICE PRESI

Operating Information

Primary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094

Number of Employees: 3

Sales: $550,000

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.79
UK Pound	1	Rs.73.37
Euro	1	Rs.63.08

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