MIRA INFORM REPORT

 

 

Report Date :

22.12.2007

 

IDENTIFICATION DETAILS

 

Name :

THE WITTEMANN CO LLC

 

 

Registered Office :

2 Commerce Blvd, Palm Coast, Fl 32164-3126

 

 

Country :

United States

 

 

Date of Incorporation :

07/1980

 

 

Legal Form :

Institutions

 

 

Line of Business :

Business Services.

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

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 :

14 days beyond terms

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

THE WITTEMANN CO LLC
2 COMMERCE BLVD
PALM COAST, FL 32164-3126
(386) 445-4200

Business Identification Number:

725388271

File Established:

07/1980

SIC code: 

BUSINESS SERVICES, NEC - 7389

Tax ID:

30-0139321

 

Executive Summary

 

 

  Intelliscore for THE WITTEMANN CO LLC

 

 

79.52

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


LOW RISK
88% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

NUMBER OF RECENTLY ACTIVE ACCOUNTS

HISTORY OF SLOW PAYING ACCOUNTS

NUMBER OF GOOD ACCOUNTS



  Current DBT range compared to all industries*

14 DBT
($15,100 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:

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:

4

Highest DBT previous 6 months:

14

Highest DBT previous 5 quarters:

14

Total continuous trades:

14

Current continuous trade balance:

$15,100

Trade balance of all trades (31):

$18,700

Average balance previous 5 quarters:

$9,920

Highest credit amount extended: details

$32,700

6 month balance range:

$3,200 - $38,600

* 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.

 

 

 

 

 

  7 month DBT trends

 

90+

60

30

 


2

 


3

 


3

 


3

 


0

 


14

 


14

 

0

Jun07

Jul07

Aug07

Sep07

Oct07

Nov07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


3

 


2

 


3

 


4

 


3

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

Predicted DBT for 02/13/2008: 10 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

12/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 3 YR

 CHEMICALS

10/2007

07/2007

NET 30

 

$8,800

$0

 

 

 

 

 

 

 COMPUTERS

11/2007

08/2002

CREDIT

 

 

$0

 

 

 

 

 

 

 ELEC DISTR

12/2007

 

 

 

$100

$0

 

 

 

 

 

PROMPT

 ELEC EQUIP

11/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 86 YR

-ELEC MFG

11/2007

 

VARIED

 

$32,700

$13,800

 

100%

 

 

 

CUST 7 YR

-FINCL SVCS

11/2007

 

NET

 

$100

$100

 

100%

 

 

 

 

=FREIGHT

09/2007

 

VARIED

 

$100

$100

 

100%

 

 

 

 

=PACKAGING

12/2007

11/2007

NET 30

 

$1,000

$600

100%

 

 

 

 

CUST 2 YR

+PLUMBING

11/2007

11/2007

NET 10

 

$13,900

$500

100%

 

 

 

 

 

 SAFTY PROD

12/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 4 YR

 SAFTY PROD

11/2007*

06/2007

NET 30

 

 

$0

 

 

 

 

 

 

 TRANSPORTN

09/2007

 

NET 30

 

 

$0

 

 

 

 

 

PROMPT

 TRUCK DLR

09/2007

 

CONTRCT

 

$6,500

$0

 

 

 

 

 

 

 WELDING

11/2007

08/2007

N10PRXO

 

$1,100

$0

 

 

 

 

 

 

 

 

 

 

 

 

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

14

 

 

$64,300

$15,100

7%

93%

 

 

 

DBT: 14

Newly Reported

1

 

 

$0

$0

 

 

 

 

 

DBT: 0

Trade Lines Totals

15

 

 

$64,300

$15,100

7%

93%

 

 

 

DBT: 14

 

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

+AIR TRANS

06/2006

05/2006

 

 

$600

$600

100%

 

 

 

 

CUST 26 YR

+AIR TRANS

11/2006

 

NET 30

 

$1,200

$200

44%

56%

 

 

 

CUST 18 YR

 BUS SERVCS

10/2006

10/2006

NET 30

 

 

$0

 

 

 

 

 

 

 COMPUTERS

05/2005

 

CREDIT

 

 

$0

 

 

 

 

 

CUST 37 YR

=COMPUTERS

06/2006

05/2006

 

 

$1,100

$200

 

100%

 

 

 

 

+ELEC SUPLR

04/2005

 

VARIED

 

$3,700

$700

49%

51%

 

 

 

 

 GENERAL

02/2005

01/2003

NET 30

 

 

$0

 

 

 

 

 

CUST 20 YR

 INDUS SUPL

03/2005

11/2002

NET 30

 

$100

$0

 

 

 

 

 

CUST 7 YR

-IRON&STEEL

06/2007

 

NET 30

 

$200

$200

 

100%

 

 

 

 

 MACH DISTR

04/2007

 

VARIED

 

 

$0

 

 

 

 

 

 

+MISC MANUF

04/2007

04/2007

VARIED

 

$2,400

$800

100%

 

 

 

 

 

+OFFC SUPPL

03/2006

01/2006

NET 30

 

$100

$100

100%

 

 

 

 

CUST 18 YR

 PACKAGING

12/2005

01/1999

NET 30

 

 

$0

 

 

 

 

 

 

 PETROLEUM

03/2007

11/2001

VARIED

 

 

$0

 

 

 

 

 

ACCTCLOSED

 TRANSPORTN

12/2005

 

NET 15

 

 

$0

 

 

 

 

 

ACCTCLOSED

+WHLSE TRAD

12/2006

 

NET 30

 

$800

$800

100%

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
BUSINESS SERVICES, NEC INDUSTRY SIC: 7389

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

14

$15,100

 

7%

93%

 

 

 

NOV07

86%

6

14

$15,100

 

6%

94%

 

 

 

OCT07

88%

5

0

$38,600

 

100%

 

 

 

 

SEP07

88%

5

3

$3,900

 

80%

20%

 

 

 

AUG07

88%

5

3

$3,400

 

79%

21%

 

 

 

JUL07

89%

4

3

$3,700

 

80%

20%

 

 

 

JUN07

89%

4

2

$16,000

 

88%

12%

 

 

 

 

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

3

$4,000

 

82%

18%

 

 

 

Q2 - 07

APR-JUN

4

$7,800

 

75%

25%

 

 

 

Q1 - 07

JAN-MAR

3

$2,100

 

78%

22%

 

 

 

Q4 - 06

OCT-DEC

2

$20,900

 

96%

2%

 

2%

 

Q3 - 06

JUL-SEP

3

$14,800

 

85%

13%

1%

1%

 

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF FLORIDA

State of Origin: FL

Current Status: Active


Business Type: Institutions - Profit

Federal Tax ID: 30-0139321


Agent: CORPORATION SERVICE COMPANY

Agent Address: 1201 HAYS ST TALLAHASSEE, FL

 

Back to top

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

DANIEL GRUBER

 

HOWARD KASOW

 

CHARLES GOULDING, VICE PRESI


Operating Information

Business Type: Institutions


Primary SIC Code: BUSINESS SERVICES, NEC - 7389

Secondary SIC Code: GENERAL INDUSTRIAL MACHINERY, NEC - 3569

Additional SIC Code: 3795 - 3499


Number of Employees: 18

Sales: $3,000,000


 

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