MIRA INFORM REPORT

 

 

Report Date :

20.11.2007

 

IDENTIFICATION DETAILS

 

Name :

DEXXON DIGITAL STORAGE INC

 

 

Registered Office :

7611 Green Meadows Dr, Lewis Center, Oh 43035-9445

 

 

Country :

United States

 

 

Date of Incorporation :

02/1995

 

 

Legal Form :

Institutions

 

 

Line of Business :

Miscellaneous Retail Stores

Stationery Supplies Wholesaling

 

 

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 3 days

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

DEXXON DIGITAL STORAGE INC
7611 GREEN MEADOWS DR
LEWIS CENTER, OH 43035-9445
(740) 548-7179

Business Identification Number:

752275654

File Established:

02/1995

Date of Incorporation:

07/03/2003

SIC code: 

MISCELLANEOUS RETAIL STORES - 5900

 

Executive Summary

 

 

  Intelliscore for DEXXON DIGITAL STORAGE INC

 

 

58.06

 

 

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
38% 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 GOOD ACCOUNTS

RATIO OF BALANCE ON SLOW PAYING ACCOUNTS TO ALL BALANCES



  Current DBT range compared to all industries*

3 DBT
($278,800 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 7 DBT

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 05/04)

1

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$218

UCC filings: details (FILED 08/03-03/06)

3

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

2

Highest DBT previous 6 months:

4

Highest DBT previous 5 quarters:

5

Total continuous trades:

6

Current continuous trade balance:

$278,800

Trade balance of all trades (12):

$502,300

Average balance previous 5 quarters:

$113,740

Highest credit amount extended: details

$344,200

6 month balance range:

$113,200 - $295,500

* 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.

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

 

 

 

  7 month DBT trends

 

90+

60

30

 


3

 


2

 


2

 


3

 


4

 


3

 


3

 

0

May07

Jun07

Jul07

Aug07

Sep07

Oct07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


4

 


4

 


5

 


3

 


2

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

Predicted DBT for 01/16/2008: 3 DBT

Payment Trend Indication:
Are Stable

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

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

 

 

 

 

Legal Filings and Collections

 

 

  Tax Liens

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

05/27/2004

State Tax Lien

Filed

$218

 

20040047681

LEON COUNTY FEDERAL

 

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

 

 

 

$122,500

$1,500

99%

 

 

 

1%

CUST 4 YR

+DISTRIBUTR

08/2007

 

NET 30

 

$344,200

$277,200

77%

23%

 

 

 

 

 FINCL SVCS

11/2007

11/2007

CONTRCT

 

 

$0

 

 

 

 

 

SATSFTRY

 SAFTY PROD

09/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 7 YR

 TRUCK DLR

11/2007

 

CONTRCT

 

$35,500

$0

 

 

 

 

 

 

+UTILITY

09/2007

 

NET

 

$7,700

<$100

100%

 

 

 

 

PROMPT

 

 

 

 

 

 

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

6

 

 

$509,900

$278,800

77%

23%

 

 

 

DBT: 3

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

6

 

 

$509,900

$278,800

77%

23%

 

 

 

DBT: 3

 

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 2 YR

=COMPUTERS

06/2006

05/2006

 

 

$10,900

$900

 

100%

 

 

 

 

+DP EQUIP

07/2006

07/2006

DISCNT

 

+$100,000

+$100,000

100%

 

 

 

 

CUST 3 YR

+FACTOR

12/2004

 

NET 30

 

$153,600

$122,600

100%

 

 

 

 

 

 TRANSPORTN

11/2004

 

VARIED

 

 

$0

 

 

 

 

 

 

 TRANSPORTN

12/2005

 

NET 15

 

 

$0

 

 

 

 

 

ACCTCLOSED

 

Monthly Payment Trends

 

 

Payment Trends Analysis
MISCELLANEOUS RETAIL STORES INDUSTRY SIC: 5900

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

3

$278,800

 

77%

23%

 

 

 

OCT07

83%

7

3

$278,800

 

77%

23%

 

 

 

SEP07

84%

7

4

$285,500

 

76%

24%

 

 

 

AUG07

84%

6

3

$295,500

 

77%

23%

 

 

 

JUL07

84%

6

2

$127,300

 

87%

13%

 

 

 

JUN07

84%

6

2

$113,200

 

90%

10%

 

 

 

MAY07

85%

6

3

$140,700

 

83%

14%

3%

 

 

 

 

 

 

 

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

$51,300

 

85%

15%

 

 

 

Q2 - 07

APR-JUN

3

$134,500

 

79%

20%

1%

 

 

Q1 - 07

JAN-MAR

5

$146,000

 

66%

34%

 

 

 

Q4 - 06

OCT-DEC

4

$118,500

 

73%

27%

 

 

 

Q3 - 06

JUL-SEP

4

$118,400

 

76%

23%

 

1%

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

MAR07

TELECOM

 

 

 

 

 

 

 

 

 

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

1

1

 

 

 

JUL - DEC

 

2005

 

 

 

 

 

PRIOR TO JUL

 

2005

2

2

 

 

 

Total

 

3

3

 

 

 

 

** 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: 03/30/2006

Filing Number: 6107419 4

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: IBM CREDIT LLC NY ARMONK 10504 1 NORTH CASTLE DRIVE

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 03/24/2004

Filing Number: 4082579 6

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: LEASENET GROUP, INC. OH DUBLIN 5450 FRANTZ ROAD, SUITE

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 08/12/2003

Filing Number: 3228396 1

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: THE HUNTINGTON NATIONAL BANK OH COLUMBUS 43215 41 SOUTH HIGH

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

 

Commercial Finance Relationships

 

 

  Banking Relationships

 

Financial Institution: HUNTINGTON NATIONAL BANK

Address: 41 S. HIGH STREET COLUMBUS OH43215

Phone: (317) 237-2518

Account Type: BORROWER

Date Opened: 08/29/2003

Account Rating: NO COMMENT AS OF 10/20/2007

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF OHIO

State of Origin: OH

Date of Incorporation: 07/03/2003

Current Status: Active


Business Type: Institutions - Unknown

Charter Number: 1397864

 

Back to top

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

BEV FEKETE, DIRECTOR O

 

MARTHA PRATT, DIRECTOR O

 

SIMON GARNEAU, PRESIDENT


Operating Information

Business Type: Institutions


Primary SIC Code: MISCELLANEOUS RETAIL STORES - 5900

Secondary SIC Code: STATIONERY SUPPLIES WHLSNG - 5112

Additional SIC Code: 4225 - 7371


Number of Employees: 41


 

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