MIRA
INFORM REPORT
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Report Date : |
14.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SCAFCO GRAIN
SYSTEMS, LLC |
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Registered Office : |
5400 E. Broadway
P.O. Box 11215, Spokane, Washington - 99216 |
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Country : |
United States |
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Date of Incorporation : |
31/07/2003 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Manufacturer of
grain storage and handling systems. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SCAFCO
GRAIN SYSTEMS, LLC
Trade Name(s): SCAFCO
GRAIN SYSTEMS CO.
Address: 5400
E. Broadway P.O. BOX 11215
City: SPOKANE
State/Province: WASHINGTON
Zip Code: 99216
Country: UNITED
STATES
Telephone: 509
535-1571
Facsimile: 509
535-9130
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Limited
Liability Company
Website: www.scafco.com
Business Activity: The Firm is a manufacturer of grain
storage and handling systems.
NOTE TO CLIENT
Person Contacted:
Mr. Arthur Mell, Vice President.
Mr. Mell declined to
provide any information, therefore the details in this report could not be
confirmed.
NOTE: The provided
name; SCAFCO GRAIN SYSTEMS CO. is a trade style for the Firm known as SCAFCO
GRAIN SYSTEMS, LLC
LEGAL
Legal Form: Limited Liability Company
Since (D/M/Y): 31/07/2003
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Firm is organized
in Washington under the following:
Name: SCAFCO GRAIN SYSTEMS, LLC
UBI Number: 602317415
Category: Limited Liability Regular
Profit/Nonprofit: Profit
Active/Inactive: Active
State of
Incorporation: WASHINTON
Date of
Incorporation: 07/31/2003
License Expiration
Date:07/31/2007
Registered Agent Information
Agent Name: LB
STONE
Address: 6200
E MAIN AVE PO BOX 11215
City: SPOKANE
State: WASHINTON
ZIP: 99212
Managers/Key
Personnel
Mr. Lawrence
Stone President
Mr. Arthur Mell Vice President
Mr. Daniel
Wambeke Vice President & Secretary
AFFILIATED ENTITIES
AFFILIATE:
SCAFCO STEEL STUD
MFG. CO.
Parent Companies
Parent Company: SCAFCO CORPORATION
WA
UNITED STATES
There are no
subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined
to provide the name of the Firm's primary bank and outside sources provided no
additional information.
PAYMENT HISTORY
We could not locate
a payment record for the Firm, however it is believed that the Firm's Parent
Company, SCAFCO CORPORATION handles the Firm's procurement.
This payment record was located at the
provided address:
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-03 00-00 NET 30 100
100 100 0 0
0 0 CUST 4 YR
ADVERTISNG 07-03 07-02 0000000 4200 3900 95 0
0 0 5 CUST 2 YR
AGRICULTR
07-03 02-11 0000000 0
0 0 0
0 0 0 CUST 96 YR
AIR TRANS
06-12 06-12 0000000 1900
1900 100 0 0
0 0 CUST 25 YR
BLDG MATRL 07-03 00-00 0000000 0 0 0 0
0 0 0
BLDG MATRL 07-03 00-00 1/10N11 400 0
0 0 0 0 0
BLDG MATRL 07-01 00-00 VARIED 100
0 0 0
0 0 0
BUS SERVCS 07-03 00-00 NET 7 2200
2200 100 0 0
0 0
COMPUTERS
07-01 00-00 CREDIT 25000 2900
98 2 0 0 0
ELEC DISTR 07-02 00-07 NET 30 0
0 0 0
0 0 0 CUST 9 YR
ELEC DISTR 07-02 07-02 NET 30 2500
100 100 0 0
0 0
ELEC SUPLR 07-03 05-12 2/10N30 700 0
0 0 0 0 0
CUST 13 YR
EQUIPMENT
06-12 00-00 ROI 600 0
0 0 0 0 0
EQUIPMENT
07-03 00-00 NET 30 3000 0
0 0 0 0 0
FACTOR
07-01 01-02 NET 0 0 0 0 0
0 0 CUST 7 YR
FINCL SVCS 07-04 07-03 NET 30 3400
700 100 0 0
0 0
FINCL SVCS 07-03 07-02 VARIED 4000
400 100 0 0
0 0 CUST 9 YR
FREIGHT
07-03 06-05 VARIED 9100 0
0 0 0 0 0
FRGHT FWRD 07-03 00-00 NET30 1400
1000 89 11
0 0 0
FRGHT FWRD 07-02 06-02 NET 30 0
0 0 0
0 0 0
HARDWARE
07-01 06-08 1/10N30 600
0 0 0
0 0 0 CUST 6 YR
HRDWR DIST 06-12 00-00 VARIED 0
0 0 0
0 0 0
INDUS SUPL 07-03 00-00 NET 30 300
0 0 0 0
0 0
INDUS SUPL 07-03 00-00 VARIED 0
0 0 0
0 0 0
INDUS SUPL 07-03 07-02 VARIED 1700
100 100 0 0
0 0
INDUS SUPL 07-03 07-03 NET10TH 3800 3800
100 0 0 0
0
IRON& STEEL 07-03 00-00 NET 30 24000
0 0 0
0 0 0 CUST 3 YR
LAWNMOWERS 07-03 00-00 CONTRCT 0 0 0 0 0
0 0
MACHINERY
06-12 00-00 NET 30 600 0
0 0 0 0 0
MATRL HNDL 07-01 06-12 NET10TH 5500 300 95 5 0
0 0
METAL
07-03 00-00 1/10N30 7800
0 0 0
0 0 0
METAL
07-02 00-00 NET 30 7300 7300
44 56 0 0 0
METAL DIST 07-03 07-03 NET 30 4000
4000 100 0 0
0 0
METAL DIST 07-02 05-01 VARIED 0
0 0 0
0 0 0 CUST 3 YR
METAL DIST 06-12 05-12 NET 30 1300
0 0 0
0 0 0 CUST 8 YR
MOTR TRANS 07-01 00-00 NET 30 14000
800 0 100 0
0 0
NEWSPAPERS 07-01 00-00 VARIED 500
0 0 0
0 0 0
NEWSPAPERS 06-12 06-03 VARIED 700
0 0 0
0 0 0
NEWSPAPERS 07-02 00-00 NET 30 3900
2500 100 0 0
0 0
NONFER MTL 07-02 03-03 VARIED 7600
0 0 0
0 0 0
OFFC SUPPL 07-01 01-12 CREDIT 0
0 0 0 0
0 0 ACCTCLOSED
OFFC SUPPL 07-01 05-03 CREDIT 2500
0 0 0
0 0 0 ACCTCLOSED
PACKAGING
07-01 06-12 NET 30 1200 100
100 0 0 0
0 CUST 7 YR
PAINTS
07-03 07-02 2/10N15 10000
5100 50 50
0 0 0 CUST 4 YR
PAINTS
07-03 00-00 NET 30 0 0 0 0 0
0 0
PLUMBING
07-01 07-01 NET 10 900 200
100 0 0 0
0
PUMP EQUIP 07-03 00-00 1/15N30 100 0
0 0 0 0 0
MACH RPAIR 07-02 00-00 NET 30 400
0 0 0
0 0 0
SAFTY PROD 07-03 06-11 NET 30 300
0 0 0
0 0 0
TEMP HELP
07-03 00-00 NET 7 400 100
0 100 0 0
0
TELECOM
07-03 00-00 NET 30 300 200
69 31 0 0 0
DISPUTE
TRNS EQUIP 07-04 00-00 NET 21 2600
2600 100 0 0
0 0 CUST 1 YR
TRUCK DLR
07-02 00-00 VARIED 0 0 0 0 0
0 0
TRUCK DLR
07-03 07-03 NET PRX 11900
800 100 0 0
0 0
TRUCK DLR
07-02 00-00 NET 30 6700 400
100 0 0 0
0
TRUCK DLR
07-02 06-03 COD-REQ 300
0 0 0
0 0 0
TRUCK DLR
07-01 05-06 NET 10 200 0
0 0 0 0 0
TRUCK DLR
07-03 00-00 NET 30 3200 2400
2 98 0 0 0
TRUCK EQP
07-03 00-00 N10PRX0 0
0 0 0
0 0 0
TRUCK EQP
07-03 00-00 COD 0 0 0 0 0
0 0 CUST 7 YR
UTILITY
07-03 00-00 NET 15 400 100
100 0 0 0
0
ADVERTISNG 05-07 05-06 NET 30 300
100 0 100 0
0 0
AIR TRANS
06-11 00-00 NET 30 800 100
100 0 0 0
0 CUST 14 YR
BLDG MATRL 05-04 00-00 N10PRXO 900 900
100 0 0 0
0 CUST 5 YR
CELLUL/PAG 04-04 04-04 NET 30 200
200 100 0 0
0 0 CUST 5 YR
CELLUL/PAG 04-10 04-09 NET 30 500
0 0 0
0 0 0 CUST 6 YR
CELLUL/PAG 04-04 04-03 NET 30 0
0 0 0
0 0 0 CUST 5 YR
COMPUTERS
06-06 05-08 0000000 4300
0 0 0
0 0 0
CONST MACH 06-10 00-00 NET 30 1100
300 100 0 0
0 0
CONST MACH 06-08 00-00 NET 30 2900
0 0 0
0 0 0
ELEC SUPLR 04-08 04-07 2/10N30 200 200
100 0 0 0
0
EQUIPMENT
06-07 00-00 NET 30 0 0 0 0 0
0 0
FACTOR
05-05 00-00 NET 30 7100 800
0 100 0 0
0
FACTOR
06-09 00-00 NET 30 34400 0
0 0 0 0 0
FACTOR
05-05 05-04 600 0
0 0 0 0 0
FACTOR
04-04 00-00 NET30 0 0 0 0 0
0 0 CUST 4 YR
FREIGHT
07-03 07-02 NET 30 1400 1400
75 25 0 0 0
FREIGHT
05-09 00-00 NET30 3100 400
46 54 0 0 0
CUST 6 YR
FREIGHT
05-05 04-06 VARIED 300 200
100 0 0 0
0
FREIGHT
05-12 05-11 VARIED 0 0 0 0 0
0 0
FUEL DISTR 05-07 00-00 VARIED 2900
2900 100 0 0
0 0
GENERAL
05-03 03-03 7600 0
0 0 0 0 0
GENERAL
05-03 03-10 0 0 0 0 0
0 0
GENERAL
05-02 04-10 NET 30 2600 2600
85 14 0 0 1
CUST 31 YR
HARDWARE
06-10 00-00 NET 15T 600
0 0 0
0 0 0
HOUSEWARES 06-04 06-04 VARIED 6200
1600 100 0 0
0 0
INDUS MACH 06-07 00-00 NET 0
0 0 0 0
0 0
INDUS MACH 06-07 00-00 NET 30 2000
0 0 0
0 0 0
INDUS SUPL 05-02 03-01 NET 30 100
0 0 0
0 0 0 CUST 3 YR
INDUS SUPL 06-08 00-00 NET 30 3000
0 0 0
0 0 0
INDUS SUPL 06-09 06-09 N10PRXO 500 500
100 0 0 0
0 CUST 6 YR
IRON& STEEL 06-03 00-00 NET 30 500
200 100 0 0
0 0
MACHINERY
06-06 00-00 0000000 0
0 0 0
0 0 0
MACHINERY
04-10 03-01 NET 20 0 0 0 0 0
0 0
MANUFCTRNG 06-07 06-06 VARIED 42000
5200 94 6
0 0 0 CUST 7 YR
MED SUPPLY 06-04 00-00 VARIED 0
0 0 0
0 0 0
METAL DIST 06-05 00-00 COD 0
0 0 0
0 0 0
METAL DIST 04-09 00-00 NET 30 7700
300 100 0 0
0 0 CUST 17 YR
OFFC SUPPL 05-11 02-03 CREDIT 0
0 0 0
0 0 0 CUST 8 YR
OFFC SUPPL 05-01 05-01 NET 30 100
100 100 0 0
0 0 CUST 4 YR
PACKAGING
06-01 00-00 NET 30 6600 0 0 0
0 0 0
PAPER PROD 06-10 00-00 VARIED 200
100 100 0 0
0 0
PAPER DIST 05-02 00-00 VARIED 0
0 0 0
0 0 0
PLASTICS
04-04 02-04 NET 30 100 0
0 0 0 0 0
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 4 YR
SMALL APPL 04-04 00-00 NET30 100
100 50 50
0 0 0 CUST 14 YR
TIRES
06-09 05-08 VARIED 500 300
0 0 0 0 100 WRITE-OFF
WELDING
04-11 04-11 NET 30 7700 1700 86 7
2 0 5
WIRE& CABLE 06-05 00-00 NET 30 0
0 0 0
0 0 0
WIRE& CABLE 05-10 00-00 NET 30 0
0 0 0
0 0 0
WIRE& CABLE 04-12 00-00 NET 30 300
0 0 0
0 0 0
CURRENT QUARTER 183600 44000
77 23 0 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 12 5 32600 71 28
0 0 1
20070200
0 13 4 36600 81 17
1 0 1
20070100
0 5 4 27000 82 17
0 0 1
20061200
0 5 3 21400 84
15 0 0 1
20061100
0 6 4 27700 91 5
1 2 1
20061000
0 6 5 21600 90 4
1 3 2
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
First
2007 4 33100 82 17 0
0 1
Fourth
2006 4 25200 86 12 0
1 1
Third
2006 5 18400 90 5 1
2 2
Second
2006 5 36500 78 20 1
0 1
First
2006 7 25100 81 10 6
1 2
FINANCIAL INFORMATION
Mr. Mell declined to
provide financial statements or annual sales, therefore the Firm's condition
could not be evaluated. A written inquiry was sent via fax, if he responds the
report will be updated at that time.
CURRENT OPERATIONS
NAICS Code: 339
Miscellaneous Manufacturing
Business Activity:
The Firm is a
manufacturer of grain storage and handling systems. The Firm provides grain silos, agriculture and commercial bins
for corn and wheat storage. The Firm also offers aeration systems which help
control insect infestation and moisture migration, and reducing grain spoilage.
The Firm target the agricultural industries.
The heading address
is the Firm sole location.
PUBLIC RECORD
No Uniform
Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well
established manufacturer of grain storage and handling systems. The presented
payment record is satisfactory. No Uniform Commercial Codes, tax liens or
bankruptcy petitions were traced to the Firm. The Firm is considered
responsible for normal trade relations.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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/normal. |
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%)