MIRA INFORM REPORT

Report Date :

18.03.2008

IDENTIFICATION DETAILS

Name :	ANDIN INTERNATIONAL INC
Registered Office :	609 Greenwich St Fl 5 New York, NY 10014-3610
Country :	United States
Date of Incorporation :	02.05.1981
Com. Reg. No.:	701600206
Legal Form :	Private Limited Company
Line of Business :	Jewelry, Precious Metal

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow by 2 days
Litigation :	Clear

Company Information

ANDIN INTERNATIONAL INC
609 GREENWICH ST FL 5
NEW YORK, NY 10014-3610
(212) 886-6000

Business Identification Number:

701600206

File Established:

05/1981

Date of Incorporation:

02/05/1981

SIC code:

JEWELRY, PRECIOUS METAL - 3911

Executive Summary

  Intelliscore for ANDIN INTERNATIONAL INC

27.56

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

100

High risk

Low risk

HIGH RISK
15% 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 OR DEROGATORY ACCOUNTS
	NUMBER OF RECENT COLLECTION ACCOUNTS
	BALANCE ON HIGH CREDIT

  Current DBT range compared to all industries*

2 DBT
($25,000 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

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

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 08/04-10/05)

2

Judgment filings: details (FILED 04/02-08/04)

4

Total collections: details (PLACED 02/04-04/06)

2

Sum of legal filings:

$521,653

UCC filings: details (FILED 11/03-01/07)

8

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

6

Highest DBT previous 6 months:

13

Highest DBT previous 5 quarters:

13

Total continuous trades:

10

Current continuous trade balance:

$25,000

Trade balance of all trades (17):

$35,800

Average balance previous 5 quarters:

$24,600

Highest credit amount extended: details

$30,500

6 month balance range:

$21,000 - $50,400

* 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

1

7

11

13

7

2

0

Jul07

Aug07

Sep07

Oct07

Nov07

Dec07

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

0

0

0

3

11

0

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 04/09/2008: 2 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid slower than 50% of similar firms

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
04/2006	Open Account	$173	$173		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
02/2004	Open Account	$372	$372		NCO GROUP	(800) 735-6008

Tax Liens
File Date	Filing Type	Status	Amount	Filing Number	Jurisdiction
10/21/2005	State Tax Lien	Filed	$7,772	200510211161	SACRAMENTO COUNTY RE
05/18/2005	State Tax Lien	Released	$10,411	1895896	NEW YORK COUNTY REG
08/27/2004	State Tax Lien	Filed	$10,411	001895896	NEW YORK COUNTY REG

Judgments
File Date	Filing Type	Status	Amount	Plaintiff	Filing Number	Jurisdiction
01/03/2005	Judgment	Satisfied	$269	COMMISSIONER OF LABOR	001803523	NEW YORK COUNTY REG
01/03/2005	Judgment	Satisfied	$1,814	COMMISSIONER OF LABOR	001896531	NEW YORK COUNTY REG
08/30/2004	Judgment	Filed	$1,814	COMMISSIONER OF LABOR	001896531	NEW YORK COUNTY REG
02/04/2004	Judgment	Filed	$269	COMMISSIONER OF LABOR	001803523	NEW YORK COUNTY REG
10/28/2003	Judgment	Satisfied	$500,000	AYA AZRIELANT	001673125	NEW YORK COUNTY REG
02/28/2003	Judgment	Filed	$500,000	AYA AZRIELANT	001673125	NEW YORK COUNTY REG
05/29/2002	Judgment	Satisfied	$1,387	FERRARI EXPRESS INC	261102	NEW YORK CITY CVL CT
04/09/2002	Judgment	Filed	$1,387	FERRARI EXPRESS INC	261102	NEW YORK CITY CVL CT

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	11/2005		$3,300	$2,600	91%				9%	CUST 14 YR
-AIR TRANS	01/2008		NET 30	$1,100	$100					100%	COLLECTION
DP EQUIP	12/2007	07/2001	NET 30		$0
ELEC SUPLR	01/2008		NET 30		$0						CUST 8 YR
=FINCL SVCS	01/2008	01/2008	NET 30	$25,400	$16,600	100%					SATSFTRY
+MANUFCTRNG	01/2008	12/2007	NET 30	$30,500	$5,500	91%	9%				CUST 6 YR
OFFC SUPPL	01/2008	06/1996	CREDIT		$0						ACCTCLOSED
PACKAGING	01/2008		NET 30	<$100	$0						CUST 2 YR
SAFTY PROD	12/2007		NET 30		$0
-SAFTY PROD	11/2007	09/2007	NET 30	$500	$200		100%				CUST 15 YR

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	10	$60,900	$25,000	96%	3%			1%	DBT: 2
Newly Reported	0								DBT:
Trade Lines Totals	10	$60,900	$25,000	96%	3%			1%	DBT: 2

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
=AUTO LEASE	11/2007	11/2007	VARIED	$20,200	$6,700	100%					SATSFTRY
+CELLUL/PAG	01/2007	01/2007	NET 30	$100	$100	100%					CUST 6 YR
GIFTWARE	03/2007	09/2000	NET 30		$0						CUST 10 YR
MISC MANUF	12/2005	11/2005	VARIED	$5,400	$0
+NEWSPAPERS	05/2006		NET 30	$3,900	$3,900	100%
TELECOM	06/2005		NET 30		$0
+TELECOM	05/2007	04/2007	NET 30	$1,200	<$100	100%					EXLENT ACC

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

2

$25,000

96%

3%

1%

DEC07

90%

6

7

$47,200

85%

2%

12%

1%

NOV07

90%

6

13

$50,400

40%

48%

12%

OCT07

90%

6

11

$40,900

48%

45%

3%

3%

1%

SEP07

89%

6

7

$32,700

63%

33%

3%

1%

AUG07

88%

7

1

$21,000

99%

1%

JUL07

88%

8

0

$23,800

99%

1%

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	$46,200	58%	31%	9%	1%	1%
Q3 - 07	JUL-SEP	3	$25,900	84%	14%	2%
Q2 - 07	APR-JUN	0	$22,900	99%	1%
Q1 - 07	JAN-MAR	0	$7,400	98%	2%
Q4 - 06	OCT-DEC	0	$20,600	100%

Inquiries

Summary of Inquiries
Business Category	FEB08	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07	JUN07
BUREAU						1
COMMUN SVC				1
TELECOM				1
Totals				2		1

UCC Profile

The number of UCC Filings is summarized with the 10 most recent listed below.

A full UCC detail report is available the same business day by entering UCC-701600206-C032660222
into the Business ID Number field on the BizApps order page.

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	2	2
JUL - DEC	2006
JAN - JUN	2006
PRIOR TO JAN	2006	2	6		2	2
Total		4	8		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: 01/11/2007

Filing Number: 200701115046622

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: IBM CREDIT LLC NY ARMONK 10504 1 NORTH CASTLE DRIVE

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 01/02/2007

Filing Number: 200701025004081

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: IBM CREDIT LLC NY ARMONK 10504 1 NORTH CASTLE DRIVE

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 11/22/2005

Filing Number: 200511221251887

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SOVEREIGN PRECIOUS METALS, LLC, AS COLLA RI PROVIDENCE 02903

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

UCC FILED Date: 11/18/2005

Filing Number: 200511181239414

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SOVEREIGN PRECIOUS METALS, LLC, AS COLLA RI PROVIDENCE 02903

Collateral: UNDEFINED

UCC FILED Date: 09/12/2005

Filing Number: 200509125803785

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: CITICORP VENDOR FINANCE, INC. NJ PARK RIDGE 07656 PO BOX 728

Collateral: EQUIP

UCC FILED Date: 10/18/2004

Filing Number: 200410185869596

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: CITICORP VENDOR FINANCE, INC. NJ PARK RIDGE 07656 PO BOX 728

Collateral: EQUIP, UNDEFINED

UCC FILED Date: 03/25/2004

Filing Number: 200403250309139

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: IBM CREDIT LLC NY ARMONK 10504 1 NORTH CASTLE DRIVE

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 11/28/2003

Filing Number: 200311281909436

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: VERIZON CREDIT INC. FL TAMPA 33602 201 N. FRANKLIN ST. SUITE

Collateral: EQUIP, UNDEFINED

UCC AMENDED Date: 05/11/2004

Filing Number: 200405110495238

Original Filing Date: 11/25/2003

Original Filing Number: 2003112519

Original Filing State: NY

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: FLEET PRECIOUS METALS INC., AS AGENT

Collateral: 

UCC CONTINUED Date: 08/15/2005

Filing Number: 200508155722737

Original Filing Date: 10/04/2000

Original Filing Number: 192480

Original Filing State: NY

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: 

Collateral: 

Commercial Finance Relationships

  Leasing Relationships

Leasing Company: FORD MOTOR CREDIT

Address: DEARBORN, MI 48121- 0

Phone: (313) 337-5677

Origination Date: 04/2007

Original Lease Amount: $22,386

Lease Product Type: AUTOMOTIVE

Lease Term: 39 Months

Payment Interval: 12/YEAR

Current Scheduled Amount Due: $574

Amount of Overdue Payments: $0

Remaining Balance: $16,646

Late Payments: 0

Company Background Information

  Additional Company Background Information

Key Personnel

Principal(s):	OFER AVRIELANT, CEO
	OFER AZRIELANT, PRESIDENT
	SIMON LEE

Operating Information

Business Type: Institutions

Primary SIC Code: JEWELRY, PRECIOUS METAL - 3911

Secondary SIC Code: MISC MANUFACTURING INDUSTRIES - 3900

Additional SIC Code: 3914 - 3961

Number of Employees: 100

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