MIRA INFORM REPORT

Report Date :

12.03.2008

IDENTIFICATION DETAILS

Name :	BHC DIAMONDS USA INC

Registered Office :	580 5th Ave Rm 609 New York, NY 10036-4725

Country :	United States

Date of Incorporation :	09/1999

Com. Reg. No.:	83827825

Legal Form :	Private Limited Company

Line of Business :	Jewelry and Precious Stone

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 BHC DIAMONDS USA INC

80.15

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
89% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

RATIO OF REGULARLY REPORTED TRADES TO TOTAL TRADES

FEW, IF ANY, SLOW PAYING ACCOUNTS

Current DBT range compared to all industries*

0 DBT
($100,000 Balance)

0-15

16-50

51+

80%

11%

% of US businesses falling within DBT range

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

Legal Filings and Collections

Bankruptcy filings:

Tax lien filings:

Judgment filings:

Total collections:

Sum of legal filings:

UCC filings: details (FILED 11/04-12/04)

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:

$100,000

Trade balance of all trades (3):

$100,000

Average balance previous 5 quarters:

$53,440

Highest credit amount extended: details

$100,000

6 month balance range:

$0 - $100,000

* 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+

Aug07

Sep07

Oct07

Nov07

Dec07

Jan08

Current

Quarterly DBT trends (previous 5 quarters)

90+

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 05/07/2008: 1 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 0000000

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

+BANK

02/2008

CONTRCT

+$100,000

100%

CUST 4 YR

COMPUTERS

02/2008

10/2003

CREDIT

OFFC SUPPL

02/2008

03/2005

CREDIT

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

+$100,000

100%

DBT: 0

Newly Reported

DBT:

Trade Lines Totals

+$100,000

100%

DBT: 0

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

+$100,000

100%

JAN08

88%

+$100,000

100%

DEC07

89%

NOV07

89%

$1,200

100%

OCT07

90%

+$100,000

100%

SEP07

90%

+$100,000

100%

AUG07

90%

+$100,000

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

Q3 - 07

JUL-SEP

+$100,000

100%

Q2 - 07

APR-JUN

+$100,000

100%

Q1 - 07

JAN-MAR

+$67,200

100%

Q4 - 06

OCT-DEC

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: 12/07/2004

Filing Number: 200412076019698

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: FLEET NATIONAL BANK CT FARMINGTON 06032 70 BATTERSON PARK RO

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 11/29/2004

Filing Number: 200411295992770

Jurisdiction: SEC OF STATE NEW YOR

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

Collateral: HEREAFTER AQUIRED PROP

Company Background Information

Additional Company Background Information

Key Personnel

Principal(s):

CHIRAG GANDHI, PRESIDENT

Operating Information

Primary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094

Number of Employees: 4

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

Monthly Payment Trends

Quarterly Payment Trends

UCC Profile

Company Background Information