MIRA INFORM REPORT

 

 

Report Date :

05.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

BUFFALO FLANGE INC

 

 

Registered Office :

PO BOX 34890 HOUSTON, TX 77234-4890

 

 

Country :

United States

 

 

Date of Incorporation :

07/1978

 

 

Com. Reg. No.:

786661746

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Iron and Steel Forgings

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Company Information

 

 

BUFFALO FLANGE INC
PO BOX 34890
HOUSTON, TX 77234-4890
(713) 943-9600

Business Identification Number:

786661746

File Established:

07/1978

SIC code: 

IRON & STEEL FORGINGS - 3462

Tax ID:

74-1855071

 

Executive Summary

 

 

  Intelliscore for BUFFALO FLANGE INC

 

 

86.28

 

 

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 GOOD ACCOUNTS

NUMBER OF RECENTLY ACTIVE ACCOUNTS

NUMBER OF CURRENT ACCOUNTS

FEW, IF ANY, SLOW PAYING ACCOUNTS



  Current DBT range compared to all industries*

0 DBT
($2,500 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 7 DBT        Same industry: 5 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 10/05-03/08)

3

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

0

Highest DBT previous 5 quarters:

0

Total continuous trades:

12

Current continuous trade balance:

$2,500

Trade balance of all trades (24):

$19,200

Average balance previous 5 quarters:

$1,360

Highest credit amount extended: details

$2,300

6 month balance range:

$900 - $3,700

* 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

 


0

 


0

 


0

 


0

 

0

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


0

 


0

 


0

 


0

 


0

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 05/28/2008: 1 DBT

Payment Trend Indication:
Are Stable

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

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

 

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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

 

 

$0

 

 

 

 

 

CUST 6 YR

+BLDG MATRL

03/2008

02/2008

CREDIT

 

$200

$200

100%

 

 

 

 

 

+BUS SERVCS

03/2008

 

NET 30

 

$100

$100

100%

 

 

 

 

 

 FACTOR

03/2008

01/2007

NET 30

 

$100

$0

 

 

 

 

 

CUST 8 YR

+FREIGHT

03/2008

02/2008

VARIED

 

$2,300

$400

100%

 

 

 

 

 

+FREIGHT

01/2008

05/2007

VARIED

 

$800

$800

100%

 

 

 

 

 

 INDUS SUPL

03/2008

06/2005

NET 30

 

$2,000

$0

 

 

 

 

 

CUST 17 YR

+OFFC SUPPL

03/2008

02/2008

CREDIT

 

$1,100

$400

100%

 

 

 

 

 

 SAFTY PROD

11/2007

05/2005

NET 30

 

 

$0

 

 

 

 

 

CUST 8 YR

+TELECOM

03/2008

 

NET 30

 

$800

$300

100%

 

 

 

 

 

 TRANSPORTN

03/2008

 

NET 30

 

 

$0

 

 

 

 

 

PROMPT

+WAREHOUSE

02/2008

12/2007

CREDIT

 

$700

$300

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

12

 

 

$8,100

$2,500

100%

 

 

 

 

DBT: 0

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

12

 

 

$8,100

$2,500

100%

 

 

 

 

DBT: 0

 

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

08/2005

 

 

$100

$0

 

 

 

 

 

 

 BANK

06/2006

05/2006

CONTRCT

 

$18,600

$0

 

 

 

 

 

 

 COMMUNICTN

11/2006

09/1998

NET 30

 

 

$0

 

 

 

 

 

 

+CRED CARD

06/2007

05/2007

REVOLVE

 

$400

$200

100%

 

 

 

 

CUST 9 YR

 CRED CARD

06/2007

05/2007

REVOLVE

 

$100

$0

 

 

 

 

 

CUST 19 YR

+CRED CARD

02/2008

02/2008

CREDIT

 

$10,900

$9,400

100%

 

 

 

 

SATSFTRY

+CRED CARD

02/2008

02/2008

N30PRXO

 

$1,300

$1,300

100%

 

 

 

 

CUST 32 YR

=FRGHT FWRD

05/2007

04/2007

VARIED

 

$100

$100

 

100%

 

 

 

 

+LEASING

03/2008

 

CONTRCT

 

$22,800

$5,300

100%

 

 

 

 

CUST 2 YR

 OFFC SUPPL

11/2005

05/2001

CREDIT

 

 

$0

 

 

 

 

 

CUST 14 YR

=PETROLEUM

03/2007

03/2007

VARIED

 

$500

$300

100%

 

 

 

 

CUST 28 YR

=TRUCK DLR

01/2007

 

CONTRCT

 

$100

$100

 

100%

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
IRON & STEEL FORGINGS INDUSTRY SIC: 3462

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

0

$2,500

 

100%

 

 

 

 

FEB08

84%

5

0

$2,200

 

100%

 

 

 

 

JAN08

85%

5

0

$3,700

 

100%

 

 

 

 

DEC07

85%

4

0

$1,300

 

100%

 

 

 

 

NOV07

86%

4

0

$900

 

100%

 

 

 

 

OCT07

85%

4

0

$1,200

 

100%

 

 

 

 

SEP07

86%

4

0

$1,000

 

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

0

$1,100

 

100%

 

 

 

 

Q3 - 07

JUL-SEP

0

$1,300

 

100%

 

 

 

 

Q2 - 07

APR-JUN

0

$1,400

 

100%

 

 

 

 

Q1 - 07

JAN-MAR

0

$1,700

 

100%

 

 

 

 

Q4 - 06

OCT-DEC

0

$1,300

 

100%

 

 

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

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

JAN - PRESENT

 

2008

 

1

 

 

 

JUL - DEC

 

2007

 

 

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

1

1

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

PRIOR TO JAN

 

2006

 

1

 

 

 

Total

 

1

3

 

 

 

 

** 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.

 

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  UCC Filings

 

UCC FILED Date: 03/11/2008

Filing Number: 0800086577

Jurisdiction: SEC OF STATE TEXAS

Secured Party: POPULAR EQUIPMENT FINANCE, INC. MO BALLWIN 63011 15933 CLAYT

Collateral:  


UCC FILED Date: 10/06/2006

Filing Number: 0600333016

Jurisdiction: SEC OF STATE TEXAS

Secured Party: US EXPRESS LEASING, INC. NJ PARSIPPANY 07054 300 LANIDEX PLA

Collateral: HEREAFTER AQUIRED PROP, EQUIP, UNDEFINED


UCC FILED Date: 10/31/2005

Filing Number: 0500337282

Jurisdiction: SEC OF STATE TEXAS

Secured Party: CITICORP LEASING, INC. NY HARRISON 10528 450 MAMARONECK AVE.

Collateral: EQUIP

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF TEXAS

State of Origin: TX

Current Status: Active


Business Type: Institutions - Profit

Charter Number: 0037429600

Federal Tax ID: 74-1855071

State Tax ID: 17418550715

 

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  Additional Company Background Information

 

Key Personnel

Principal(s): 

JOHN R. PARLETTE, PRESIDENT

 

MYRLEEN KNOTT

 

RICHARD MCGINTY, DIRECTOR O


Operating Information

Business Type: Institutions


Primary SIC Code: IRON & STEEL FORGINGS - 3462

Secondary SIC Code: VALVES AND PIPE FITTINGS, NEC - 3494

Additional SIC Code: 3429 - 3491


Number of Employees: 14

 

 

 

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