MIRA INFORM REPORT

 

 

Report Date :

26.12.2007

 

IDENTIFICATION DETAILS

 

Name :

MIOX CORP

 

 

Registered Office :

5500 Midway Park Pl Ne, Albuquerque, Nm 87109-5800

 

 

Country :

United States

 

 

Date of Incorporation :

01/10/1994

 

 

Legal Form :

Institutions

 

 

Line of Business :

Service Industry Machinery

 

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 :

Regular

 

 

Litigation :

Clear

 

 

Company Information

 

 

MIOX CORP
5500 MIDWAY PARK PL NE
ALBUQUERQUE, NM 87109-5800
(505) 343-0090

Business Identification Number:

798345338

File Established:

10/1994

Date of Incorporation:

01/10/1994

SIC code: 

SERVICE INDUSTRY MACHINERY, NEC - 3589

 

Matching Name and Address

 

 

This business is linked to the one displayed above. The report shows the best view of the business.

MIOX CORP
5601 BALLOON FIESTA PKWY NE
ALBUQUERQUE, NM 87113-2101

 

Executive Summary

 

 

  Intelliscore for MIOX CORP

 

 

52.76

 

 

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
31% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF RECENT COLLECTION ACCOUNTS

NUMBER OF GOOD ACCOUNTS

HISTORY OF SLOW PAYING ACCOUNTS

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO



  Current DBT range compared to all industries*

0 DBT
($5,600 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 5 DBT

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections: details (PLACED 10/06)

1

Sum of legal filings:

$0

UCC filings: details (FILED 11/04-06/07)

4

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

1

Highest DBT previous 6 months:

4

Highest DBT previous 5 quarters:

14

Total continuous trades:

11

Current continuous trade balance:

$5,600

Trade balance of all trades (29):

$12,400

Average balance previous 5 quarters:

$33,560

Highest credit amount extended: details

$137,100

6 month balance range:

$1,100 - $7,800

* 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+

60

30

 


3

 


3

 


0

 


4

 


0

 


0

 


0

 

0

Jun07

Jul07

Aug07

Sep07

Oct07

Nov07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


7

 


6

 


2

 


14

 


2

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

Predicted DBT for 02/20/2008: 1 DBT

Payment Trend Indication:
Are Improving Toward Term Requirements

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

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and CONTRCT

 

 

 

 

Legal Filings and Collections

 

 

  Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

10/2006

Paid in Full

$1,708

 

$0

 

10/2006

RECEIVABLE MANAGEMENT SERVICES

(000) 000-0000

 

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

 

 

 

$4,000

$300

100%

 

 

 

 

CUST 13 YR

-CHEMICALS

12/2007*

 

CREDIT

 

$600

$600

 

100%

 

 

 

 

-CHEMICALS

12/2007*

 

NET 30

 

$1,300

$200

 

100%

 

 

 

 

+COMPUTERS

12/2007

 

 

 

$5,200

$3,300

100%

 

 

 

 

CUST 3 YR

+ELEC DISTR

11/2007*

 

VARIED

 

$1,400

$1,400

100%

 

 

 

 

 

 ELEC SUPLR

12/2007*

05/2007

 

 

 

$0

 

 

 

 

 

 

 FINANCE

11/2007

03/2007

NET 30

 

$137,100

$0

 

 

 

 

 

 

 FINCL SVCS

12/2007

 

NET 30

 

 

$0

 

 

 

 

 

 

 FINCL SVCS

12/2007

 

NET

 

 

$0

 

 

 

 

 

CUST 2 YR

 FREIGHT

12/2007

09/2007

VARIED

 

$7,600

$0

 

 

 

 

 

 

+INDUS SUPL

10/2007

08/2007

NET 30

 

$700

$100

48%

52%

 

 

 

CUST 13 YR

=PACKAGING

12/2007

11/2007

NET 30

 

$1,500

$600

100%

 

 

 

 

CUST 12 YR

 PERSNLSVCS

12/2007

08/2006

ROI

 

$8,200

$0

 

 

 

 

 

 

 R&D

11/2007

 

NET 30

 

$400

$0

 

 

 

 

 

 

+TELECOM

12/2007

 

NET30

 

$3,600

$1,300

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

11

 

 

$168,300

$5,600

99%

1%

 

 

 

DBT: 0

Newly Reported

4

 

 

$3,300

$2,200

64%

36%

 

 

 

DBT: 5

Trade Lines Totals

15

 

 

$171,600

$7,800

89%

11%

 

 

 

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

+AIR TRANS

11/2006

 

NET 30

 

$2,000

$2,000

49%

51%

 

 

 

COLLECTION

 BUS SERVCS

06/2007

 

NET 30

 

$200

$0

 

 

 

 

 

 

+COMMUN SVC

08/2006

 

NET 20

 

$1,000

$200

100%

 

 

 

 

 

 COMPUTERS

05/2005

 

CREDIT

 

 

$0

 

 

 

 

 

CUST 37 YR

+FREIGHT

06/2007

04/2007

VARIED

 

$30,400

$600

100%

 

 

 

 

CIA

 LEASING

11/2007

 

CONTRCT

 

$800

$0

 

 

 

 

 

 

 LEASING

12/2004

 

CONTRCT

 

<$100

$0

 

 

 

 

 

 

+OFFC EQUIP

03/2005

03/2005

NET 30

 

$300

$300

100%

 

 

 

 

 

=OFFC SUPPL

06/2007

06/2007

NET

 

$800

$400

50%

50%

 

 

 

CUST 8 YR

=PETRO&COAL

02/2006

 

NET 30

 

$7,700

$800

100%

 

 

 

 

 

 PLASTICS

01/2005

 

NET 30

 

 

$0

 

 

 

 

 

 

+RENTALS

09/2005

 

NET 10

 

$100

$100

100%

 

 

 

 

 

+TELECOM

03/2005

 

NET 30

 

$200

$200

100%

 

 

 

 

 

 WHLSE TRAD

12/2006

 

N10PRXO

 

 

$0

 

 

 

 

 

SATSFTRY

 

Monthly Payment Trends

 

 

Payment Trends Analysis
SERVICE INDUSTRY MACHINERY, NEC INDUSTRY SIC: 3589

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

0

$5,600

 

99%

1%

 

 

 

NOV07

83%

5

0

$1,900

 

97%

3%

 

 

 

OCT07

85%

5

0

$4,500

 

99%

1%

 

 

 

SEP07

82%

5

4

$1,400

 

92%

 

8%

 

 

AUG07

83%

5

0

$3,400

 

100%

 

 

 

 

JUL07

82%

5

3

$2,300

 

82%

18%

 

 

 

JUN07

83%

5

3

$3,800

 

80%

20%

 

 

 

 

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

2

$2,300

 

92%

6%

2%

 

 

Q2 - 07

APR-JUN

14

$3,900

 

76%

6%

 

18%

 

Q1 - 07

JAN-MAR

2

$2,200

 

90%

10%

 

 

 

Q4 - 06

OCT-DEC

6

$67,200

 

67%

32%

 

 

1%

Q3 - 06

JUL-SEP

7

$92,200

 

58%

41%

1%

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

DP SOFTWR

 

 

 

 

 

 

1

 

 

ELEC DISTR

 

 

 

 

 

 

 

1

 

INSURANCE

 

 

 

1

 

 

 

 

 

Totals

 

 

 

1

 

 

1

1

 


 

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

JUL - PRESENT

 

2007

 

 

 

 

 

JAN - JUN

 

2007

1

1

 

 

 

JUL - DEC

 

2006

 

 

 

 

1

JAN - JUN

 

2006

 

 

 

 

 

JUL - DEC

 

2005

1

2

 

 

 

PRIOR TO JUL

 

2005

1

1

 

 

 

Total

 

3

4

 

 

1

 

** 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.

 

Back to top

 

  UCC Filings

 

UCC FILED Date: 06/29/2007

Filing Number: 2007 2477122

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: TRIPLEPOINT CAPITAL LLC CA MENLO PARK 94025 2420 SAND HILL R

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED


UCC AMENDED Date: 07/21/2006

Filing Number: 6253876 7

Original Filing Date: 07/21/2006

Original Filing Number: 5295191 2

Original Filing State: DE

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: SILICON VALLEY BANK

Collateral:  


UCC FILED Date: 10/25/2005

Filing Number: 20050018889B

Jurisdiction: SEC OF STATE NEW MEX

Secured Party: US BANCORP MN MARSHALL 56258 1310 MADRID STREET STE 101

Collateral: EQUIP


UCC FILED Date: 09/23/2005

Filing Number: 5295191 2

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: SILICON VALLEY BANK CA SANTA CLARA 95054 3003 TASMAN DRIVE

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


UCC FILED Date: 11/10/2004

Filing Number: 20040019810G

Jurisdiction: SEC OF STATE NEW MEX

Secured Party: LOS ALAMOS NATIONAL BANK NM SANTA FE 87505 2009 GALISTEO STR

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

Commercial Finance Relationships

 

  Leasing Relationships

 

Leasing Company: LEASING SERVICES

Address: CEDAR RAPIDS, 52406-0609

Phone: (319) 365-8000

Origination Date: 03/2006

Original Lease Amount: $28,223

Lease Product Type: OFFICE EQUP

Lease Term: 60 Months

Payment Interval: 12/YEAR

Payment Type: FIXED

Current Scheduled Amount Due: $470

Amount of Overdue Payments: $0

Remaining Balance: $18,815

Late Payments: 0

 

Company Background Information

 

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

JOHN GEARHART

 

CURT MITCHKE, PRESIDENT

 

RODNEY HERRINGTON, VICE PRESI


Operating Information

Business Type: Institutions


Primary SIC Code: SERVICE INDUSTRY MACHINERY, NEC - 3589

Secondary SIC Code: MISC APPAREL & ACCESSORIES-RETAIL - 5699

Additional SIC Code: 5812 - 5063


Number of Employees: 27

Sales: $4,000,000


 

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