MIRA INFORM REPORT

Report Date :

13.03.2008

IDENTIFICATION DETAILS

Name :	SIMON GOLUB & SONS INC

Registered Office :	5506 6th Ave S Seattle, WA 98108-2502

Country :	United States

Date of Incorporation :	07/02/1956

Com. Reg. No.:	810440441

Legal Form :	Private Limited Company

Line of Business :	Jewelry and Precious Stones

RATING & COMMENTS

MIRA’s Rating :

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

Executive Summary

Intelliscore for SIMON GOLUB & SONS INC

63.79

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

100

High risk

Low risk

MEDIUM RISK
49% 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 CURRENT ACCOUNTS

HISTORY OF SLOW PAYING ACCOUNTS

Current DBT range compared to all industries*

0 DBT
($45,700 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 04/96-03/07)

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:

$45,700

Trade balance of all trades (13):

$46,100

Average balance previous 5 quarters:

$21,020

Highest credit amount extended: details

$43,600

6 month balance range:

$13,100 - $45,800

* 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

-ADVERTISNG

03/2008

03/2005

<$100

100%

+AIR TRANS

01/2008

$43,600

100%

CUST 27 YR

+BUS SERVCS

02/2008

NET 7

$2,400

$1,900

100%

FREIGHT

03/2008

08/2005

VARIED

$2,200

+INDUS SUPL

02/2008

06/2006

NET 30

$400

<$100

100%

CUST 17 YR

OFFC SUPPL

02/2008

12/2007

CREDIT

$100

OFFC SUPPL

02/2008

06/2005

CREDIT

PACKAGING

03/2008

NET 30

CUST 4 YR

WAREHOUSE

02/2008

06/2007

CREDIT

<$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

$48,900

$45,700

100%

DBT: 0

Newly Reported

DBT:

Trade Lines Totals

$48,900

$45,700

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

BUS SERVCS

08/2007

NET 30

COMPUTERS

05/2005

VARIED

CUST 37 YR

LEASING

01/2008

CONTRCT

$2,200

=MANUFCTRNG

10/2007

08/2007

NET 30

$800

$400

100%

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

$45,700

100%

JAN08

88%

$45,100

100%

DEC07

89%

$14,400

92%

NOV07

89%

$30,700

96%

OCT07

90%

$34,400

100%

SEP07

90%

$13,100

100%

AUG07

90%

$35,800

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

$26,500

97%

Q3 - 07

JUL-SEP

$19,600

100%

Q2 - 07

APR-JUN

$21,000

100%

Q1 - 07

JAN-MAR

$20,000

100%

Q4 - 06

OCT-DEC

$18,000

100%

Inquiries

Summary of Inquiries

Business
Category

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

GENERAL

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: 03/15/2007

Filing Number: 200707483186

Jurisdiction: SEC OF STATE WASHING

Secured Party: THE BANK OF NOVA SCOTIA NY NEW YORK 10006 ONE LIBERTY PLAZA,

Collateral: UNDEFINED

UCC FILED Date: 03/15/2007

Filing Number: 200707584494

Jurisdiction: SEC OF STATE WASHING

Secured Party: THE BANK OF NOVA SCOTIA NY NEW YORK 10006 ONE LIBERTY PLAZA,

Collateral:

UCC FILED Date: 06/27/2006

Filing Number: 200617821535

Jurisdiction: SEC OF STATE WASHING

Secured Party: BANK OF AMERICA, N.A. RI PROVIDENCE 02903 111 WESTMINSTER ST

Collateral:

UCC FILED Date: 06/27/2006

Filing Number: 200617821672

Jurisdiction: SEC OF STATE WASHING

Secured Party: BANK OF AMERICA, N.A. RI PROVIDENCE 02903 111 WESTMINSTER ST

Collateral:

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UCC FILED Date: 02/04/2005

Filing Number: 057014870608

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: JHAVERI DIAMOND CORPORATION CA LOS ANGELES 90013 550 S. HILL

Collateral:

UCC FILED Date: 09/20/2001

Filing Number: 20012630103

Jurisdiction: SEC OF STATE WASHING

Secured Party: BANK OF AMERICA, N.A. WA SEATTLE 98104 WA1-501-13-03, 800 FI

Collateral:

UCC FILED Date: 04/02/1996

Filing Number: 960930064

Jurisdiction: SEC OF STATE WASHING

Secured Party: FLEET PRECIOUS METALS, INC RI PROVIDENCE 02903 111 WESTMINST

Collateral: INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED

Company Background Information

Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF MONTANA

State of Origin: MT

Date of Incorporation: 07/02/1956

Current Status: Active - IN GOOD STANDING

Business Type: Institutions - Unknown

Charter Number: F031418

Agent: C T CORPORATION SYSTEMS

Agent Address: 40 W LAWRENCE ST HELENA, MT

Additional Company Background Information

Key Personnel

Principal(s):	SALLIE GOLDWYN, MANAGER
	ANDREW HARRIS, CHAIRMAN O
	CYNTHIA QUACKENBUSH, VICE PRESI

Operating Information

Business Type: Institutions

Primary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094

Secondary SIC Code: JEWELRY, PRECIOUS METAL - 3911

Number of Employees: 105

Sales: $15,000,000

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

MIRA INFORM REPORT

Company Information

Executive Summary

Performance Analysis

Trade Payment Information

Trade Payment Totals

Additional Payment Experiences

Monthly Payment Trends

Quarterly Payment Trends

Inquiries

UCC Profile

Company Background Information