MIRA INFORM REPORT

 

 

Report Date :

20.11.2007

 

IDENTIFICATION DETAILS

 

Name :

AMVAC CHEMICAL CORP

 

 

Registered Office :

4100 E Washington Blvd, Los Angeles, Ca 90023-4406

2110 Davie Ave, Cty Of Cmmrce, Ca 90040-1706

 

 

Country :

United States

 

 

Date of Incorporation :

08/10/1945

 

 

Legal Form :

Institutions

 

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 :

Slow by 7 days

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

AMVAC CHEMICAL CORP
4100 E WASHINGTON BLVD
LOS ANGELES, CA 90023-4406
(323) 264-3910

Business Identification Number:

796864440

File Established:

PRIOR TO 01/1977

Date of Incorporation:

08/10/1945

 

Matching Name and Address

 

 

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

AMVAC CHEMICAL CORP
2110 DAVIE AVE
CTY OF CMMRCE, CA 90040-1706

 

Executive Summary

 

 

  Intelliscore for AMVAC CHEMICAL CORP

 

 

86.57

 

 

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
99% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF RECENTLY ACTIVE ACCOUNTS

NUMBER OF CURRENT ACCOUNTS

LENGTH OF CREDIT HISTORY GREATER THAN AVERAGE



  Current DBT range compared to all industries*

7 DBT
($433,400 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT       

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings: details (FILED 02/03)

1

Total collections:

0

Sum of legal filings:

$4,000

UCC filings: details (FILED 03/99-06/05)

3

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

7

Highest DBT previous 6 months:

12

Highest DBT previous 5 quarters:

12

Total continuous trades:

28

Current continuous trade balance:

$433,400

Trade balance of all trades (51):

$446,600

Average balance previous 5 quarters:

$188,720

Highest credit amount extended: details

$228,000

6 month balance range:

$307,700 - $578,200

* 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

 


4

 


5

 


7

 


12

 


10

 


7

 


7

 

0

May07

Jun07

Jul07

Aug07

Sep07

Oct07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


3

 


3

 


2

 


3

 


10

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

Predicted DBT for 01/16/2008: 7 DBT

Payment Trend Indication:
Show No Identifiable Trend

 

 

 

 

Legal Filings and Collections

 

 

  Judgments

File
Date

Filing
Type

Status

Amount

Plaintiff

Filing
Number

Jurisdiction

03/05/2003

Judgment

Satisfied

$4,000

 

REYNOLDS KREBS

SCCV012908

PLYMOUTH COUNTY DIST

02/06/2003

Judgment

Filed

$4,000

 

REYNOLDS KREBS

SCCV012908

PLYMOUTH COUNTY DIST

 

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

 

 

 

$3,800

$3,500

100%

 

 

 

 

CUST 12 YR

+BOTL SUPLR

09/2007

 

NET 30

 

$159,600

$31,500

100%

 

 

 

 

 

+BUS SERVCS

11/2007

 

NET 7

 

$4,600

$3,000

100%

 

 

 

 

 

=CHEMICALS

10/2007

 

CREDIT

 

$4,300

$1,900

64%

36%

 

 

 

 

+CHEMICALS

10/2007

09/2007

NET 30

 

$180,800

$46,800

100%

 

 

 

 

 

-CHEMICALS

11/2007

 

NET 30

 

$700

$500

 

50%

50%

 

 

 

 COMPUTERS

11/2007

08/2001

CREDIT

 

$20,000

$0

 

 

 

 

 

 

 ELEC EQUIP

10/2007

 

NET 30

 

$300

$0

 

 

 

 

 

CUST 10 YR

-ELEC EQUIP

10/2007

11/2007

CONTRCT

 

$10,300

$7,900

19%

42%

8%

8%

23%

 

-ELEC MFG

10/2007

 

VARIED

 

$7,600

$2,600

18%

 

6%

76%

 

CUST 7 YR

 ELEC SUPLR

09/2007*

 

 

 

 

$0

 

 

 

 

 

 

 EQUIPMENT

11/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 2 YR

 FACTOR

07/2007

03/2006

NET 30

 

 

$0

 

 

 

 

 

 

-FACTOR

08/2007

 

NET 30

 

$115,100

$83,200

 

100%

 

 

 

CUST 7 YR

 FINCL SVCS

10/2007

03/2007

CONTRCT

 

$900

$0

 

 

 

 

 

CUST 2 YR

+FREIGHT

11/2007

07/2007

VARIED

 

$50,200

$13,300

51%

40%

 

9%

 

 

 GENERAL

10/2007

 

CONTRCT

 

 

$0

 

 

 

 

 

 

 INDUS SUPL

10/2007

12/2006

NET 30

 

$22,600

$0

 

 

 

 

 

CUST 5 YR

+INDUS SUPL

10/2007

09/2007

NET 30

 

$35,900

$7,800

100%

 

 

 

 

CUST 17 YR

+MANUFCTRNG

11/2007

10/2007

VARIED

 

$228,000

$228,000

67%

33%

 

 

 

CUST 1 YR

=MED SUPPLY

11/2007

 

VARIED

 

$3,300

$400

 

100%

 

 

 

 

-MISC MANUF

10/2007

06/2007

NET 30

 

$300

$200

 

 

 

100%

 

 

+OFFC SUPPL

11/2007

10/2007

CREDIT

 

$5,500

$200

100%

 

 

 

 

ACCTCLOSED

=PACKAGING

11/2007

10/2007

NET 30

 

$700

$100

100%

 

 

 

 

CUST 4 YR

 SAFTY PROD

09/2007

 

NET 30

 

$2,400

$0

 

 

 

 

 

CUST 21 YR

+TEMP HELP

08/2007

09/2007

ROI

 

$10,600

$2,500

100%

 

 

 

 

 

 TEMP HELP

11/2007

 

NET 7

 

$3,200

$0

 

 

 

 

 

 

 TRANSPORTN

09/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST < 1 Y

 

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

28

 

 

$870,700

$433,400

60%

39%

 

1%

 

DBT: 7

Newly Reported

1

 

 

$0

$0

 

 

 

 

 

DBT: 0

Trade Lines Totals

29

 

 

$870,700

$433,400

60%

39%

 

1%

 

DBT: 7

 

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

+AGRI CHEM

11/2004

11/2004

NET 30

 

$700

$700

100%

 

 

 

 

 

 AGRI CHEM

01/2007

 

NET 30

 

 

$0

 

 

 

 

 

 

+AIR TRANS

11/2006

 

NET 30

 

$700

$600

100%

 

 

 

 

COLLECTION

 BUS SERVCS

02/2006

02/2006

NET 30

 

 

$0

 

 

 

 

 

 

 COMMUN SVC

06/2005

04/2005

NET 30

 

<$100

$0

 

 

 

 

 

 

 COMPUTERS

05/2005

 

CREDIT

 

 

$0

 

 

 

 

 

CUST 37 YR

=COMPUTERS

06/2006

05/2006

 

 

$8,400

$100

 

100%

 

 

 

 

+CRED CARD

06/2007

05/2007

REVOLVE

 

$2,700

$2,400

100%

 

 

 

 

CUST 20 YR

 DP EQUIP

07/2005

 

NET 30

 

 

$0

 

 

 

 

 

 

+ELEC SUPLR

04/2006

 

N10PRXO

 

$1,600

$1,600

100%

 

 

 

 

7 DAYS LAT

 ELEC SUPLR

04/2005

 

VARIED

 

 

$0

 

 

 

 

 

 

-FINCL SVCS

06/2005

 

NET 20

 

$1,200

$900

 

100%

 

 

 

 

 FREIGHT

06/2007

 

VARIED

 

$600

$0

 

 

 

 

 

 

+FREIGHT

12/2005

11/2005

VARIED

 

$700

$700

100%

 

 

 

 

 

+FRGHT FWRD

05/2007

05/2007

VARIED

 

$11,500

$3,100

66%

34%

 

 

 

 

 GENERAL

02/2005

03/2001

NET 60

 

 

$0

 

 

 

 

 

CUST 14 YR

 LEASING

02/2005

 

NET 30

 

 

$0

 

 

 

 

 

 

+LEASING

09/2007

 

CONTRCT

 

$3,100

$3,100

100%

 

 

 

 

 

 METAL DIST

02/2007

05/2004

VARIED

 

 

$0

 

 

 

 

 

CUST 3 YR

 OFFC SUPPL

09/2006

03/1998

CREDIT

 

 

$0

 

 

 

 

 

ACCTCLOSED

 SERVICES

04/2006

05/2005

VARIED

 

$7,700

$0

 

 

 

 

 

 

 TRANSPORTN

07/2006

01/2006

NET 15

 

$13,800

$0

 

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis

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

7

$433,400

 

60%

39%

 

1%

 

OCT07

N/A

N/A

7

$513,600

 

56%

43%

 

1%

 

SEP07

N/A

N/A

10

$372,100

 

40%

58%

1%

1%

 

AUG07

N/A

N/A

12

$355,900

 

35%

57%

8%

 

 

JUL07

N/A

N/A

7

$418,400

 

55%

45%

 

 

 

JUN07

N/A

N/A

5

$377,900

 

71%

27%

2%

 

 

MAY07

N/A

N/A

4

$421,000

 

79%

19%

2%

 

 

 

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

10

$260,700

 

48%

47%

4%

1%

 

Q2 - 07

APR-JUN

3

$345,100

 

83%

16%

1%

 

 

Q1 - 07

JAN-MAR

2

$118,200

 

86%

13%

1%

 

 

Q4 - 06

OCT-DEC

3

$67,200

 

79%

20%

1%

 

 

Q3 - 06

JUL-SEP

3

$152,400

 

82%

18%

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

MAR07

GENERAL

 

 

 

 

 

1

 

 

 

 

Totals

 

 

 

 

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

 

 

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

JUL - DEC

 

2005

 

 

 

 

 

PRIOR TO JUL

 

2005

 

3

 

 

1

Total

 

 

3

 

 

1

 

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

 

Back to top

 

  UCC Filings

 

UCC FILED Date: 06/27/2005

Filing Number: 057032164876

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: THOMPSON TRACTOR CO., INC. AL BIRMINGHAM 35202 P O BOX 10367

Collateral: EQUIP, UNDEFINED


UCC FILED Date: 05/19/2005

Filing Number: 057027545510

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: THOMPSON TRACTOR CO., INC. AL BIRMINGHAM 35202 P O BOX 10367

Collateral: EQUIP, UNDEFINED


UCC FILED Date: 03/26/1999

Filing Number: 9908860449

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: BANK OF THE WEST CA LOS ANGELES 90017 601 S FIGUEROA ST

Collateral:  


UCC AMENDED Date: 05/23/2002

Filing Number: 2002144C0175

Original Filing Date: 01/01/2001

Original Filing Number: 1999088604

Original Filing State: CA

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: SANWA BANK CALIFORNIA, AS AGENT CA LOS ANGELES 90017 601 S

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

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 08/10/1945

Current Status: Active


Business Type: Institutions - Profit

Charter Number: 00199048


Agent: JAMES A BARRY

Agent Address: 4695 MACARTHUR CT STE 1250 NEWPORT BEACH, CA


 

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