MIRA INFORM REPORT

 

 

Report Date :

20.11.2007

 

IDENTIFICATION DETAILS

 

Name :

NEWELL RECYCLING LLC

 

 

Registered Office :

1359 Central Ave, East Point, Ga 30344-4946

1359 Central Ave, Atlanta, Ga 30344-4946

 

 

Country :

United States

 

 

Date of Incorporation :

Prior To 01/1977

 

 

Legal Form :

Institutions

 

 

Line of Business :

Scrap and Waste Materials Wholesaling.

 

 

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 :

Slow by 6 days

 

 

Litigation :

Clear

 

 

Company Information

 

 

NEWELL RECYCLING LLC
1359 CENTRAL AVE
EAST POINT, GA 30344-4946
(404) 766-1621

Business Identification Number:

724980084

File Established:

PRIOR TO 01/1977

Date of Incorporation:

12/29/1980

SIC code: 

SCRAP AND WASTE MATERIALS WHLSNG - 5093

 

Matching Name and Address

 

 

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

NEWELL RECYCLING LLC
1359 CENTRAL AVE
ATLANTA, GA 30344-4946

 

Executive Summary

 

 

  Intelliscore for NEWELL RECYCLING LLC

 

 

58.79

 

 

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 RISK
40% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF CURRENT ACCOUNTS

NUMBER OF TRADES NET 1-30 TERMS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

NUMBER OF RECENTLY ACTIVE ACCOUNTS



  Current DBT range compared to all industries*

6 DBT
($29,700 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 02/06)

1

Judgment filings:

0

Total collections: details (PLACED 07/05)

1

Sum of legal filings:

$143

UCC filings: details (FILED 10/99-11/07)

31

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

10

Highest DBT previous 6 months:

17

Highest DBT previous 5 quarters:

17

Total continuous trades:

21

Current continuous trade balance:

$29,700

Trade balance of all trades (45):

$100,200

Average balance previous 5 quarters:

$35,560

Highest credit amount extended: details

$143,000

6 month balance range:

$15,500 - $37,100

* 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

 


14

 


14

 


17

 


11

 


3

 


5

 


6

 

0

May07

Jun07

Jul07

Aug07

Sep07

Oct07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


9

 


1

 


1

 


9

 


9

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

Predicted DBT for 01/16/2008: 6 DBT

Payment Trend Indication:
Are Improving Toward Term Requirements

Industry payment comparison:
Has paid slower 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

07/2005

Open Account

$240

 

$240

 

 

NCO GROUP

(800) 735-6008

 

 

 

 

Tax Liens

 

File
Date

Filing
Type

Status

Amount

Filing
Number

Jurisdiction

06/15/2006

State Tax Lien

Released

$688

 

B525 P447

FULTON COUNTY SPR CO

02/22/2006

State Tax Lien

Filed

$143

 

B1896 P268

GWINNETT CO SPR COUR


 

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

 

 

 

$1,000

$1,000

100%

 

 

 

 

CUST 21 YR

+BLDG MATRL

11/2007

10/2007

VARIED

 

$1,200

$1,100

100%

 

 

 

 

CUST 1 YR

+COMPUTERS

11/2007

10/2007

CREDIT

 

$20,200

$7,300

100%

 

 

 

 

 

+ELEC SUPLR

11/2007

 

N10PRXO

 

$143,000

$13,600

73%

21%

6%

 

 

CRED PEND

 ELEC SUPLR

09/2007*

 

 

 

 

$0

 

 

 

 

 

 

 EQUIPMENT

11/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 8 YR

 FACTOR

08/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 7 YR

 FINCL SVCS

10/2007

02/2007

NET30

 

$900

$0

 

 

 

 

 

 

 FINCL SVCS

10/2007

06/2007

NET

 

$1,500

$0

 

 

 

 

 

CUST 3 YR

=FREIGHT

11/2007

10/2007

VARIED

 

$3,400

$1,300

 

100%

 

 

 

 

-INDUS SUPL

10/2007

10/2007

VARIED

 

$2,300

$2,300

55%

9%

 

36%

 

CUST 4 YR

 MACH DISTR

07/2007

02/2003

1/10N30

 

 

$0

 

 

 

 

 

CUST 4 YR

 MACH DISTR

09/2007

 

CREDIT

 

 

$0

 

 

 

 

 

CUST 3 YR

+MED SUPPLY

11/2007

 

VARIED

 

$700

$200

100%

 

 

 

 

 

 METAL DIST

11/2007

07/2005

VARIED

 

$100

$0

 

 

 

 

 

CUST 15 YR

 OFFC SUPPL

11/2007

05/2005

CREDIT

 

 

$0

 

 

 

 

 

ACCTCLOSED

 OFFC SUPPL

11/2007

06/2001

CREDIT

 

$3,000

$0

 

 

 

 

 

 

=PACKAGING

11/2007

10/2007

NET 30

 

$3,000

$2,100

100%

 

 

 

 

CUST 2 YR

 SAFTY PROD

07/2007

06/1999

NET 30

 

 

$0

 

 

 

 

 

CUST 8 YR

+TELECOM

11/2007

 

NET 30

 

$1,600

$600

100%

 

 

 

 

 

+TEMP HELP

09/2007

08/2007

ROI

 

$8,600

$200

 

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

21

 

 

$190,500

$29,700

79%

15%

3%

3%

 

DBT: 6

Newly Reported

1

 

 

$0

$0

 

 

 

 

 

DBT: 0

Trade Lines Totals

22

 

 

$190,500

$29,700

79%

15%

3%

3%

 

DBT: 6

 

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 5 YR

-BLDG MATRL

09/2006

 

N15PRXO

 

$2,500

$1,800

33%

35%

 

32%

 

 

-COMPUTERS

06/2006

05/2006

 

 

$21,300

$3,800

 

60%

40%

 

 

 

 CONSTRUCTN

07/2006

 

N15PRXO

 

$46,600

$0

 

 

 

 

 

 

+CRED CARD

05/2007

05/2007

N30PRXO

 

$5,300

$2,100

100%

 

 

 

 

CUST 18 YR

 ELEC DISTR

09/2006

 

NET 30

 

 

$0

 

 

 

 

 

PROMPT

-ELEC MFG

09/2006

 

NET 30

 

$8,200

$500

 

 

100%

 

 

 

 FACTOR

09/2006

02/2001

NET 30

 

 

$0

 

 

 

 

 

 

 FACTOR

02/2007

11/2006

NET 30

 

$2,000

$0

 

 

 

 

 

 

 FREIGHT

06/2007

 

VARIED

 

$900

$0

 

 

 

 

 

 

+FRGHT FWRD

08/2006

07/2006

NET 15

 

$400

$400

100%

 

 

 

 

SATSFTRY

 INDUS SUPL

01/2005

12/2004

VARIED

 

 

$0

 

 

 

 

 

CUST 6 YR

+LEASING

11/2006

 

NET 30

 

$700

$700

100%

 

 

 

 

CUST 5 YR

+LEASING

09/2007

 

CONTRCT

 

$2,600

$1,900

100%

 

 

 

 

 

+LEASING

06/2007

 

CONTRCT

 

$75,400

$58,300

100%

 

 

 

 

 

 MANUFCTRNG

04/2005

10/2004

NET 30

 

 

$0

 

 

 

 

 

CUST 3 YR

-OFFC SUPPL

06/2007

05/2007

NET

 

$600

$400

 

 

100%

 

 

CUST 1 YR

 PAINTS

12/2004

 

VARIED

 

 

$0

 

 

 

 

 

 

+PLUMBING

04/2007

04/2007

NET 10

 

$100

$100

100%

 

 

 

 

 

 SAFTY PROD

03/2006

 

NET 30

 

 

$0

 

 

 

 

 

CUST 1 YR

 TEMP HELP

04/2007

 

NET 7

 

 

$0

 

 

 

 

 

 

-TRANSPORTN

06/2007

02/2007

NET 30

 

$100

$100

34%

 

66%

 

 

30 DYS SLO

+WHLSE TRAD

12/2006

 

NET 30

 

$900

$400

100%

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
SCRAP AND WASTE MATERIALS WHLSNG INDUSTRY SIC: 5093

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

6

$29,700

 

79%

15%

3%

3%

 

OCT07

86%

5

5

$22,700

 

84%

11%

1%

4%

 

SEP07

86%

5

3

$37,100

 

89%

7%

2%

2%

 

AUG07

87%

4

11

$15,500

 

74%

9%

12%

5%

 

JUL07

88%

4

17

$24,600

 

69%

13%

5%

4%

9%

JUN07

88%

4

14

$22,000

 

73%

11%

3%

9%

4%

MAY07

87%

4

14

$23,100

 

64%

13%

16%

7%

 

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

9

$25,700

 

80%

9%

5%

3%

3%

Q2 - 07

APR-JUN

9

$28,200

 

76%

12%

7%

4%

1%

Q1 - 07

JAN-MAR

1

$37,400

 

94%

5%

1%

 

 

Q4 - 06

OCT-DEC

1

$16,300

 

94%

6%

 

 

 

Q3 - 06

JUL-SEP

9

$70,200

 

67%

21%

12%

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

MAR07

FACTOR

 

 

 

 

1

 

 

 

 

 

FLOOR COVR

 

 

1

 

 

 

 

 

 

 

GENERAL

 

 

2

1

1

 

 

 

 

 

PETRO&COAL

 

1

 

 

 

 

 

 

 

 

TRANSPORTN

 

 

1

 

 

 

 

 

 

 

Totals

1

4

1

2

 

 

 

 

 

 

UCC Profile

 

The number of UCC Filings is summarized with the 10 most recent listed below.


A full UCC detail report is available within 72 hours by entering UCC-724980084-C032283873 into the Business ID Number field on the BizApps order page.

 

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JUL - PRESENT

 

2007

 

2

3

3

 

JAN - JUN

 

2007

 

3

2

 

 

JUL - DEC

 

2006

1

2

2

 

 

JAN - JUN

 

2006

1

2

 

 

 

JUL - DEC

 

2005

2

2

 

 

 

PRIOR TO JUL

 

2005

3

20

1

 

1

Total

 

7

31

8

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.

 

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  UCC Filings

 

UCC FILED Date: 11/01/2007

Filing Number: 0700373759

Jurisdiction: SEC OF STATE TEXAS

Secured Party: TCF EQUIPMENT FINANCE, INC. MN MINNETONKA BEACH 55305 11100

Collateral:  


UCC FILED Date: 07/02/2007

Filing Number: 06007007999

Jurisdiction: FULTON SPR COURT

Secured Party: KOMATSU FINANCIAL LIMITED PARTNERSHIP IL ROLLING MEADOWS 600

Collateral:  


UCC FILED Date: 03/20/2007

Filing Number: 06007003483

Jurisdiction: FULTON SPR COURT

Secured Party: WACHOVIA BANK, NATIONAL ASSOCIATION GA ATLANTA 30363 171 17T

Collateral:  


UCC FILED Date: 03/20/2007

Filing Number: 06007003495

Jurisdiction: FULTON SPR COURT

Secured Party: WACHOVIA BANK, NATIONAL ASSOCIATION GA ATLANTA 30363 171 17T

Collateral:  


UCC FILED Date: 07/31/2006

Filing Number: 0600256595

Jurisdiction: SEC OF STATE TEXAS

Secured Party: THE CIT GROUP/EQUIPMENT FINANCING, INC. AZ TEMPE 85285 P.O.

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 03/10/2006

Filing Number: 06006003060

Jurisdiction: FULTON SPR COURT

Secured Party: WACHOVIA BANK, NATIONAL ASSOCIATION GA ATLANTA 30363 SOUTHTR

Collateral:  


UCC FILED Date: 01/04/2006

Filing Number: 0600001464

Jurisdiction: SEC OF STATE TEXAS

Secured Party: CATERPILLAR FINANCIAL SERVICES CORPORATI TN NASHVILLE 37203

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC TERMINATED Date: 01/22/2007

Filing Number: 0700022498

Original Filing Date: 01/04/2006

Original Filing Number: 0600001464

Original Filing State: TX

Jurisdiction: SEC OF STATE TEXAS

Secured Party: CATERPILLAR FINANCIAL SERVICES CORPORATI TN NASHVILLE 37203

Collateral:  


UCC FILED Date: 08/23/2005

Filing Number: 0500264085

Jurisdiction: SEC OF STATE TEXAS

Secured Party: CIT BANK UT SALT LAKE CITY 84106 2180 SOUTH 1300 EAST, SUITE

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 08/12/2005

Filing Number: 0500252835

Jurisdiction: SEC OF STATE TEXAS

Secured Party: INTER-TEL LEASING, INC. TX HOUSTON 77055 1140 WEST LOOP NORT

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF GEORGIA

State of Origin: GA

Date of Incorporation: 12/29/1980

Current Status: Active


Business Type: Institutions - Profit

Charter Number: J051917

 

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  Additional Company Background Information

 

Key Personnel

Principal(s): 

JOHN NEWELL, OWNER

 

SEAN BREWER, PLANT MANA

 

MATTHEW DRAIN, OWNER


Operating Information

Business Type: Institutions


Primary SIC Code: SCRAP AND WASTE MATERIALS WHLSNG - 5093

Secondary SIC Code: BUSINESS SERVICES, NEC - 7389

Additional SIC Code: 3499 - 3341


Number of Employees: 120

Sales: $75,000,000


 

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