MIRA INFORM REPORT

 

 

Report Date :

20.11.2007

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL COMMUNICATION

 

 

Registered Office :

23155 Kashiwa Ct, Torrance, CA 90505-4026

 

 

Country :

United States

 

 

Date of Incorporation :

02/1997

 

 

Legal Form :

Institutions

 

 

Line of Business :

Electronic Parts and Equipment

 

 

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 40 days

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

GLOBAL COMMUNICATION
23155 KASHIWA CT
TORRANCE, CA 90505-4026
(310) 530-7274

Business Identification Number:

796962525

File Established:

02/1997

Date of Incorporation:

08/15/1997

SIC code: 

ELECTRONIC PARTS AND EQUIPMENT - 5065

 

Executive Summary

 

 

  Intelliscore for GLOBAL COMMUNICATION

 

 

50.86

 

 

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:

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS



  Current DBT range compared to all industries*

42 DBT
($7,800 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: details (FILED 09/06)

7

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$123,028

UCC filings: details (FILED 10/03-10/07)

2

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

23

Highest DBT previous 6 months:

45

Highest DBT previous 5 quarters:

45

Total continuous trades:

16

Current continuous trade balance:

$7,800

Trade balance of all trades (27):

$9,600

Average balance previous 5 quarters:

$5,380

Highest credit amount extended: details

$15,000

6 month balance range:

$4,400 - $11,500

* 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

 


11

 


12

 


16

 


30

 


27

 


45

 


42

 

0

May07

Jun07

Jul07

Aug07

Sep07

Oct07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


10

 


10

 


15

 


10

 


27

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

Predicted DBT for 01/16/2008: 40 DBT

Payment Trend Indication:
Payments Are Increasingly Late

Industry payment comparison:
Has paid slower than 75% of similar firms

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

 

 

 

 

Legal Filings and Collections

 

 

  Tax Liens

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

09/18/2006

County Tax Lien

Filed

$17,808

 

062072951

LOS ANGELES COUNTY C

09/18/2006

County Tax Lien

Filed

$19,502

 

062072952

LOS ANGELES COUNTY C

09/18/2006

County Tax Lien

Filed

$13,354

 

062072953

LOS ANGELES COUNTY C

09/18/2006

County Tax Lien

Filed

$15,876

 

062072954

LOS ANGELES COUNTY C

09/18/2006

County Tax Lien

Filed

$24,544

 

062072955

LOS ANGELES COUNTY C

09/18/2006

County Tax Lien

Filed

$18,730

 

062072956

LOS ANGELES COUNTY C

09/18/2006

County Tax Lien

Filed

$13,214

 

062072980

LOS ANGELES COUNTY C

 

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

11/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 4 YR

-AIR TRANS

09/2007

09/2007

 

 

$2,400

$1,200

14%

 

 

 

86%

CUST 9 YR

 BLDG MATRL

11/2007

10/2003

CREDIT

 

 

$0

 

 

 

 

 

ACCTCLOSED

-BUS SERVCS

11/2007

 

NET 7

 

$3,600

$2,200

52%

 

48%

 

 

 

 COMPUTERS

10/2007

 

 

 

$1,300

$0

 

 

 

 

 

 

 COMPUTERS

11/2007

09/2002

CREDIT

 

$15,000

$0

 

 

 

 

 

 

 FACTOR

10/2007

 

NET 30

 

$2,700

$0

 

 

 

 

 

 

 GENERAL

10/2007

 

CONTRCT

 

 

$0

 

 

 

 

 

 

-HEATNG&A/C

08/2007

 

NET 30

 

$3,800

$3,800

 

 

100%

 

 

 

 INDUS SUPL

10/2007

02/2005

NET 30

 

$200

$0

 

 

 

 

 

CUST 4 YR

 OFFC SUPPL

11/2007

09/2002

CREDIT

 

$5,000

$0

 

 

 

 

 

 

 OFFC SUPPL

11/2007

10/2000

CREDIT

 

$2,500

$0

 

 

 

 

 

ACCTCLOSED

=PACKAGING

11/2007

10/2007

NET 30

 

$1,100

$500

100%

 

 

 

 

CUST 7 YR

 PLUMBING

08/2007

 

NET30

 

 

$0

 

 

 

 

 

CUST 2 YR

 SAFTY PROD

09/2007

 

NET 30

 

$200

$0

 

 

 

 

 

CUST 1 YR

+TELECOM

11/2007

 

NET 30

 

$300

$100

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

16

 

 

$38,100

$7,800

25%

 

62%

 

13%

DBT: 42

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

16

 

 

$38,100

$7,800

25%

 

62%

 

13%

DBT: 42

 

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

 

 

$0

 

 

 

 

 

CUST 3 YR

=COMPUTERS

06/2006

05/2006

 

 

$2,400

$600

 

100%

 

 

 

 

+ELEC MFG

09/2006

 

VARIED

 

$1,200

$1,200

100%

 

 

 

 

 

 FACTOR

02/2007

 

NET 30

 

 

$0

 

 

 

 

 

 

 MED SUPPLY

04/2006

 

VARIED

 

 

$0

 

 

 

 

 

 

 MISC MANUF

03/2006

01/2006

VARIED

 

$9,400

$0

 

 

 

 

 

 

 OFFC SUPPL

08/2005

11/1998

CREDIT

 

 

$0

 

 

 

 

 

CUST 7 YR

 PLBG&HTNG

09/2005

07/2003

2/10N30

 

 

$0

 

 

 

 

 

CUST 3 YR

 TELECOM

11/2005

05/2005

NET 30

 

 

$0

 

 

 

 

 

CUST 6 YR

 TEMP HELP

02/2006

 

NET 7

 

$1,200

$0

 

 

 

 

 

 

 TRUCK EQP

12/2005

 

VARIED

 

$600

$0

 

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
ELECTRONIC PARTS AND EQUIPMENT INDUSTRY SIC: 5065

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

42

$7,800

 

25%

 

62%

 

13%

OCT07

84%

5

45

$7,200

 

18%

 

68%

 

14%

SEP07

83%

5

27

$11,500

 

51%

1%

39%

 

9%

AUG07

85%

5

30

$11,100

 

46%

1%

43%

 

10%

JUL07

86%

4

16

$10,000

 

53%

27%

9%

11%

 

JUN07

86%

4

12

$10,500

 

50%

36%

14%

 

 

MAY07

87%

4

11

$4,400

 

52%

37%

11%

 

 

 

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

27

$10,000

 

46%

9%

34%

4%

7%

Q2 - 07

APR-JUN

10

$6,000

 

56%

33%

11%

 

 

Q1 - 07

JAN-MAR

15

$4,600

 

45%

33%

22%

 

 

Q4 - 06

OCT-DEC

10

$3,800

 

62%

23%

15%

 

 

Q3 - 06

JUL-SEP

10

$2,500

 

75%

5%

20%

 

 

 

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

 

1

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

JUL - DEC

 

2005

 

 

 

 

 

PRIOR TO JUL

 

2005

 

1

 

 

 

Total

 

 

2

 

 

 

 

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivable, Contracts, Hereafter Acquired Inventory, Leases, Notes Receivable or Proceeds.

 

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  UCC Filings

 

UCC FILED Date: 10/16/2007

Filing Number: 077133152675

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: SILICON STORAGE TECHNOLOGY, INC. CA SUNNYVALE 94086 1171 SON

Collateral:  


UCC FILED Date: 10/01/2003

Filing Number: 200327660038

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: WELLS FARGO FINANCIAL LEASING, INC. CA NEWPORT BEACH 92660 4

Collateral: EQUIP

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 08/15/1997

Current Status: Active


Business Type: Institutions - Profit

Charter Number: 02016670


Agent: MARK L RAGGIO

Agent Address: 23155 KASHIWA CT TORRANCE, CA

 

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  Additional Company Background Information

 

Key Personnel

Principal(s): 

DON BROOKS

 

OWEN K. WU

 

CHRISTINA WONG


Operating Information

Business Type: Institutions


Primary SIC Code: ELECTRONIC PARTS AND EQUIPMENT - 5065

Secondary SIC Code: COMMUNICATION - 4800

Additional SIC Code: 3674 - 3559


Number of Employees: 60

Sales: $9,000,000

 

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