MIRA INFORM REPORT

Report Date :

30.01.2008

IDENTIFICATION DETAILS

Name :	ORQIS MEDICAL

Registered Office :	14, Orchard Ste 100, Lake Forest, CA

Country :	United States

Date of Incorporation :	27.07.1998

Com. Reg. No.:	01/1996

Legal Form :	Institutions

Line of Business :	Miscellaneous Retail Stores

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Executive Summary

Intelliscore for ORQIS MEDICAL

81.43

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

LOW RISK

91% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF GOOD ACCOUNTS

NUMBER OF RECENTLY ACTIVE ACCOUNTS

NUMBER OF CURRENT ACCOUNTS

SMALL, IF ANY, RATIO OF BAD ACCOUNTS TO TOTAL ACCOUNTS

Current DBT range compared to all industries*

0 DBT
($8,500 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT Same industry: 8 DBT

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections:

Sum of legal filings:

UCC filings: details (FILED 07/99-08/06)

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

Highest DBT previous 6 months:

Highest DBT previous 5 quarters:

Total continuous trades:

Current continuous trade balance:

$8,500

Trade balance of all trades (18):

$18,900

Average balance previous 5 quarters:

$9,840

Highest credit amount extended: details

$14,900

6 month balance range:

$3,700 - $25,200

* 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+

Jul07

Aug07

Sep07

Oct07

Nov07

Dec07

Current

Quarterly DBT trends (previous 5 quarters)

90+

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 03/26/2008: 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 CONTRCT

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

12/2007

$7,700

$3,800

100%

CUST 9 YR

+BUS SERVCS

01/2008

NET 30

$100

100%

+COMPUTERS

01/2008

11/2007

CREDIT

$14,900

$4,300

100%

+INDUS SUPL

10/2007

04/2007

NET 30

$400

<$100

100%

CUST 4 YR

OFFC SUPPL

01/2008

11/2004

CREDIT

+PACKAGING

01/2008

12/2007

NET 30

$1,500

$200

100%

CUST 8 YR

SAFTY PROD

11/2007*

04/2005

NET 30

CUST 2 YR

TEMP HELP

01/2008

NET 7

$700

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

$25,300

$8,500

100%

DBT: 0

Newly Reported

DBT: 0

Trade Lines Totals

$25,300

$8,500

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

11/2006

NET 30

$4,200

$100

100%

COLLECTION

BUS SERVCS

04/2005

NET 30

COMPUTERS

05/2005

CREDIT

CUST 37 YR

=COMPUTERS

06/2006

05/2006

$3,300

$1,500

100%

MED CHEM

03/2005

08/2004

2/20N30

+MED EQUIP

08/2006

NET 30

$5,300

$2,000

100%

+OFFC EQUIP

06/2006

NET 30

$3,800

<$100

100%

CUST 1 YR

=RUBR&PLAST

03/2005

02/2005

VARIED

$2,400

100%

CUST 1 YR

+TELECOM

07/2005

06/2005

NET EOM

$400

$100

100%

CUST 2 YR

-TEMP HELP

07/2005

ROI

$7,500

$4,200

65%

35%

Monthly Payment Trends

Payment Trends Analysis
MISCELLANEOUS RETAIL STORES, NEC INDUSTRY SIC: 5999

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

$8,500

100%

DEC07

81%

$4,000

100%

NOV07

82%

$6,500

94%

OCT07

83%

$4,200

100%

SEP07

84%

$17,500

97%

AUG07

84%

$15,800

93%

JUL07

82%

$25,200

99%

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

$4,900

97%

Q3 - 07

JUL-SEP

$15,900

96%

Q2 - 07

APR-JUN

$10,900

100%

Q1 - 07

JAN-MAR

$4,000

100%

Q4 - 06

OCT-DEC

$13,500

100%

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: 08/01/2006

Filing Number: 6265157 8

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: LIGHTHOUSE CAPITAL PARTNERS V, L.P. FOR CA GREENBRAE 94904

Collateral: UNDEFINED

UCC FILED Date: 08/01/2006

Filing Number: 6265178 4

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: LIGHTHOUSE CAPITAL PARTNERS V, L.P. FOR CA GREENBRAE 94904

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

UCC FILED Date: 11/12/2004

Filing Number: 4323409 5

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: LIGHTHOUSE CAPITAL PARTNERS V, L.P. FOR CA GREENBRAE 94904

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

UCC FILED Date: 11/08/2004

Filing Number: 4314931 9

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: LIGHTHOUSE CAPITAL PARTNERS V, L.P. FOR CA GREENBRAE 94904

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

UCC FILED Date: 07/14/1999

Filing Number: 199920460093

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: SILICON VALLEY BANK CA SANTA CLARA 95054 3003 TASMAN DR

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

UCC FILED Date: 07/14/1999

Filing Number: 9920460093

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: SILICON VALLEY BANK CA SANTA CLARA 95054 3003 TASMAN DR

Collateral:

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 07/27/1998

Current Status: Active

Business Type: Institutions - Profit

Charter Number: 02115848

Agent: MARIBETH PETERS

Agent Address: 1647 HARTNELL AVE STE 12 REDDING, CA

Additional Company Background Information

Key Personnel

Principal(s):	GAIL HO, OFFICE MAN
	IRENE PARKER
	JOHN MARKOVICH

Operating Information

Business Type: Institutions

Primary SIC Code: MISCELLANEOUS RETAIL STORES, NEC - 5999

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

MIRA INFORM REPORT

Company Information

Executive Summary

Performance Analysis

Trade Payment Information

Trade Payment Totals

Additional Payment Experiences

Monthly Payment Trends

Quarterly Payment Trends

UCC Profile

UCC Filings

Company Background Information