MIRA INFORM REPORT

 

 

Report Date :

28.11.2007

 

IDENTIFICATION DETAILS

 

Name :

NORTH AMERICAN PRODUCT

 

 

Registered Office :

19 Squadron Blvd, New City, Ny 10956-5227

 

 

Country :

United States

 

 

Date of Incorporation :

09/2007

 

 

Legal Form :

Private Company

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Company Information

 

 

NORTH AMERICAN PRODUCT
19 SQUADRON BLVD
NEW CITY, NY 10956-5227
(845) 708-8000

Business Identification Number:

874792762

File Established:

09/2007

 

Executive Summary

 

 

  Intelliscore for NORTH AMERICAN PRODUCT

 

 

49.62

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


MEDIUM TO HIGH RISK
29% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

RATIO OF BALANCE ON SLOW PAYING ACCOUNTS TO ALL BALANCES

LENGTH OF CREDIT HISTORY

PRESENCE OF AN INCONSISTENT PAYMENT TREND

FEW, IF ANY, RECENTLY ACTIVE ACCOUNTS



  Research Tips

Additional information may be available on this business.

Other recommended searches:

Order Public Record

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

0

Highest DBT previous 5 quarters:

3

Total continuous trades:

1

Current continuous trade balance:

$2,900

Trade balance of all trades (1):

$2,900

Average balance previous 5 quarters:

$1,900

Highest credit amount extended: details

$8,600

6 month balance range:

$0 - $0

 

 

 

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

09/2007

 

 

 

$8,600

$2,900

97%

3%

 

 

 

CUST 8 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

1

 

 

$8,600

$2,900

97%

3%

 

 

 

DBT: 0

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

1

 

 

$8,600

$2,900

97%

3%

 

 

 

DBT: 0

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q3 - 07

JUL-SEP

0

$3,200

 

99%

1%

 

 

 

Q2 - 07

APR-JUN

3

$6,300

 

83%

17%

 

 

 

Q1 - 07

JAN-MAR

0

$0

 

 

 

 

 

 

Q4 - 06

OCT-DEC

0

$0

 

 

 

 

 

 

Q3 - 06

JUL-SEP

0

$0

 

 

 

 

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

MAR07

BANK

 

 

1

 

 

 

 

 

 

 

Totals

 

1

 

 

 

 

 

 

 


 

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