MIRA INFORM REPORT

 

 

Report Date :

03.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

THE O'DELL CORP

 

 

Registered Office :

P O Box 540 Ware Shoals, SC 29692-0540

 

 

Country :

United States

 

 

Date of Incorporation :

01/1977

 

 

Com. Reg. No.:

724541082

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Brooms and Brushes

 

 

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 13 days

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

Company Information

 

 

THE O'DELL CORP
PO BOX 540
WARE SHOALS, SC 29692-0540
(864) 861-2222

Business Identification Number:

724541082

File Established:

PRIOR TO 01/1977

SIC code: 

BROOMS & BRUSHES - 3991

 

Matching Name and Address

 

 

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

ODELL CORP THE
13833 INDIAN MOUND RD
WARE SHOALS, SC 29692-3533

 

Executive Summary

 

 

  Intelliscore for THE O'DELL CORP

 

 

73.59

 

 

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 TO MEDIUM RISK
76% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DELINQUENT ACCOUNTS

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF OTHER TRADES



  Current DBT range compared to all industries*

13 DBT
($9,500 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

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

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings: details (FILED 10/03-12/05)

4

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

2

Highest DBT previous 6 months:

13

Highest DBT previous 5 quarters:

13

Total continuous trades:

9

Current continuous trade balance:

$9,500

Trade balance of all trades (23):

$10,700

Average balance previous 5 quarters:

$9,620

Highest credit amount extended: details

$57,800

6 month balance range:

$2,900 - $9,500

* 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 Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

  7 month DBT trends

 

90+

60

30

 


0

 


0

 


0

 


3

 


6

 


7

 


13

 

0

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


1

 


2

 


2

 


1

 


1

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 05/28/2008: 13 DBT

Payment Trend Indication:
Payments Are Increasingly Late

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

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and 0000000

 

 

Back to top

 

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

02/2008

 

NET 30

 

$1,400

$300

100%

 

 

 

 

CUST 6 YR

+BUS SERVCS

03/2008

 

NET 7

 

$2,000

$2,000

100%

 

 

 

 

 

=FINCL SVCS

03/2008

01/2008

CONTRCT

 

$6,100

$1,100

100%

 

 

 

 

 

-FREIGHT

03/2008

12/2007

VARIED

 

$5,800

$2,200

 

 

100%

 

 

 

-PACKAGING

12/2007

10/2007

1/10N30

 

$57,800

$900

 

100%

 

 

 

 

+PACKAGING

03/2008

 

NET 30

 

$1,400

$400

100%

 

 

 

 

CUST 3 YR

 SAFTY PROD

03/2008*

 

NET30

 

 

$0

 

 

 

 

 

 

 SAFTY PROD

11/2007*

07/2007

NET 30

 

 

$0

 

 

 

 

 

 

+TRANSPORTN

03/2008

 

NET 30

 

$10,700

$500

100%

 

 

 

 

PROMPT

 TRNS EQUIP

03/2008

 

VARIED

 

 

$0

 

 

 

 

 

CUST 16 YR

+TRUCK DLR

03/2008

 

CONTRCT

 

$7,700

$2,100

69%

31%

 

 

 

 

 

 

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

9

 

 

$92,900

$9,500

61%

16%

23%

 

 

DBT: 13

Newly Reported

2

 

 

$0

$0

 

 

 

 

 

DBT: 0

Trade Lines Totals

11

 

 

$92,900

$9,500

61%

16%

23%

 

 

DBT: 13

 

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

09/2005

09/2005

 

 

<$100

$0

 

 

 

 

 

 

 AUTO LEASE

05/2006

 

VARIED

 

$28,800

$0

 

 

 

 

 

CUST 6 YR

 BUS SERVCS

04/2007

04/2007

NET 30

 

 

$0

 

 

 

 

 

 

 COMMUN SVC

08/2006

 

NET 20

 

$100

$0

 

 

 

 

 

 

 COMPUTERS

09/2005

12/2004

 

 

 

$0

 

 

 

 

 

 

 CONSTRUCTN

07/2006

 

N15PRXO

 

 

$0

 

 

 

 

 

 

 FACTOR

02/2007

03/2006

NET 30

 

 

$0

 

 

 

 

 

 

 FACTOR

05/2005

 

VARIED

 

 

$0

 

 

 

 

 

 

 FINCL SVCS

09/2005

09/2005

CONTRCT

 

$15,900

$0

 

 

 

 

 

ACCTCLOSED

+LEASING

11/2005

 

CONTRCT

 

$400

$400

100%

 

 

 

 

 

+OFFC SUPPL

11/2005

09/2005

CREDIT

 

$2,200

$300

100%

 

 

 

 

CUST 7 YR

=OFFC SUPPL

07/2007

06/2007

NET 30

 

$1,500

$500

27%

73%

 

 

 

CUST 16 YR

 

Monthly Payment Trends

 

 

Payment Trends Analysis
BROOMS & BRUSHES INDUSTRY SIC: 3991

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

13

$9,500

 

61%

16%

23%

 

 

FEB08

88%

6

7

$7,000

 

54%

46%

 

 

 

JAN08

74%

7

6

$5,900

 

62%

36%

2%

 

 

DEC07

87%

6

3

$5,900

 

79%

21%

 

 

 

NOV07

87%

6

0

$5,000

 

100%

 

 

 

 

OCT07

83%

7

0

$3,900

 

97%

3%

 

 

 

SEP07

83%

7

0

$3,000

 

100%

 

 

 

 

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q4 - 07

OCT-DEC

1

$4,900

 

91%

9%

 

 

 

Q3 - 07

JUL-SEP

1

$4,700

 

91%

9%

 

 

 

Q2 - 07

APR-JUN

2

$12,200

 

94%

5%

 

 

1%

Q1 - 07

JAN-MAR

2

$8,900

 

88%

11%

1%

 

 

Q4 - 06

OCT-DEC

1

$17,400

 

93%

7%

 

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

TELECOM

 

 

 

 

 

 

 

 

2

Totals

 

 

 

 

 

 

 

 

2

 

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

JAN - PRESENT

 

2008

 

 

 

 

 

JUL - DEC

 

2007

 

 

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

PRIOR TO JAN

 

2006

1

4

 

 

 

Total

 

1

4

 

 

 

 

** 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: 12/06/2005

Filing Number: 051206-0832136

Jurisdiction: SEC OF STATE S CAROL

Secured Party: COUNTYBANK SC GREENWOOD 29648 419 MAIN STREET

Collateral: ACCTS REC, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 09/23/2005

Filing Number: 050923-1204430

Jurisdiction: SEC OF STATE S CAROL

Secured Party: CMH SERVICES, INC. SC COLUMBIA 29202 P.O. BOX 6

Collateral: EQUIP


UCC FILED Date: 07/20/2005

Filing Number: 050720-1016391

Jurisdiction: SEC OF STATE S CAROL

Secured Party: CROWN CREDIT COMPANY OH NEW BREMEN 45869 40 S WASHINGTON STR

Collateral: EQUIP


UCC FILED Date: 10/08/2003

Filing Number: 031008-1251360

Jurisdiction: SEC OF STATE S CAROL

Secured Party: NEW HOLLAND CREDIT COMPANY PA NEW HOLLAND 17557 100 BRUBAKER

Collateral: EQUIP

 

Company Background Information

 

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

RICK PHILLIPS, CHIEF EXEC

 

WILLIAM O'DELL, PRESIDENT

 

JOHN H. STROUD, PRESIDENT


Operating Information

Primary SIC Code: BROOMS & BRUSHES - 3991

Secondary SIC Code: LOCAL TRUCKING, WITHOUT STORAGE - 4212

Additional SIC Code: 2392 - 4213


Number of Employees: 110

Sales: $20,000,000

 

 

 

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