MIRA INFORM REPORT

 

 

Report Date :

12.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

PRECISION HYDRAULIC CYLINDERS

 

 

Registered Office :

196 N Hwy 41  Beulaville, NC 28518

 

 

Country :

United States

 

 

Date of Incorporation :

04/2002

 

 

Com. Reg. No.:

726092505

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Aluminum Sheet, Plate and Foil

 

 

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 1 day

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

 

Company Information

 

 

PRECISION HYDRAULIC CYLINDERS
196 N HWY 41
BEULAVILLE, NC 28518
(910) 298-0100

Business Identification Number:

726092505

File Established:

04/2002

SIC code: 

ALUMINUM SHEET, PLATE & FOIL - 3353

 

Matching Name and Address

 

 

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

PRECISION HYDRAULIC CYLINDERS INC
P. O. BOX 1589
BEULAVILLE, NC 28518-1589

 

Executive Summary

 

 

  Intelliscore for PRECISION HYDRAULIC CYLINDERS

 

 

64.90

 

 

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
51% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

NUMBER OF GOOD ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS



  Current DBT range compared to all industries*

1 DBT
($58,600 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 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 09/05-08/07)

3

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

1

Highest DBT previous 6 months:

2

Highest DBT previous 5 quarters:

2

Total continuous trades:

13

Current continuous trade balance:

$58,600

Trade balance of all trades (21):

$172,900

Average balance previous 5 quarters:

$55,260

Highest credit amount extended: details

$73,300

6 month balance range:

$17,600 - $82,800

* 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

 


1

 


2

 


2

 


1

 


0

 


1

 

0

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


0

 


1

 


2

 


1

 


1

 

0

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

1Q08

 

 

Performance Analysis

 

Predicted DBT for 06/04/2008: 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 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

02/2008

 

 

$2,500

$500

100%

 

 

 

 

CUST 10 YR

 AIR TRANS

02/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 2 YR

+BUS SERVCS

03/2008

 

NET 7

 

$1,900

$1,400

100%

 

 

 

 

 

+ELEC DISTR

02/2008

 

NET 30

 

$21,900

$7,800

100%

 

 

 

 

PROMPT

=EQUIPMENT

03/2008

 

NET 30

 

$20,200

$4,400

 

100%

 

 

 

 

 FACTOR

03/2008

12/2004

NET 30

 

 

$0

 

 

 

 

 

CUST 4 YR

+FREIGHT

03/2008

02/2008

VARIED

 

$1,400

$1,400

100%

 

 

 

 

 

+IRON&STEEL

03/2008

 

NET 30

 

$73,300

$36,100

100%

 

 

 

 

 

 IRON&STEEL

03/2008

 

NET 30

 

 

$0

 

 

 

 

 

 

+MISC MANUF

02/2008*

 

VARIED

 

$700

$700

100%

 

 

 

 

 

+PACKAGING

03/2008

10/2006

NET 30

 

$2,000

$1,700

97%

3%

 

 

 

CUST 10 YR

 SAFTY PROD

03/2008

 

NET30

 

 

$0

 

 

 

 

 

CUST 1 YR

+TRANSPORTN

03/2008

02/2008

NET 30

 

$5,500

$2,300

99%

 

 

 

1%

90+DYS SLO

+TRUCK DLR

03/2008

 

CONTRCT

 

$3,000

$3,000

95%

5%

 

 

 

 

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

13

 

 

$131,700

$58,600

92%

8%

 

 

 

DBT: 1

Newly Reported

1

 

 

$700

$700

100%

 

 

 

 

DBT: 0

Trade Lines Totals

14

 

 

$132,400

$59,300

92%

8%

 

 

 

DBT: 1

 

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

 BLDG MATRL

08/2007

07/2007

VARIED

 

$500

$0

 

 

 

 

 

 

 COMMUN SVC

08/2006

 

NET 20

 

 

$0

 

 

 

 

 

 

 ELEC EQUIP

10/2006

 

NET 30

 

$300

$0

 

 

 

 

 

 

 FACTOR

02/2007

 

NET 30

 

 

$0

 

 

 

 

 

 

+FACTOR

05/2006

 

NET 30

 

$201,200

$113,500

100%

 

 

 

 

 

 LEASING

05/2005

 

CONTRCT

 

$3,100

$0

 

 

 

 

 

 

+TELECOM

05/2006

 

NET 30

 

$100

$100

100%

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
ALUMINUM SHEET, PLATE & FOIL INDUSTRY SIC: 3353

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

1

$58,600

 

92%

8%

 

 

 

FEB08

83%

6

0

$54,200

 

100%

 

 

 

 

JAN08

80%

6

1

$31,300

 

94%

6%

 

 

 

DEC07

82%

5

2

$82,800

 

90%

10%

 

 

 

NOV07

84%

5

2

$55,900

 

90%

10%

 

 

 

OCT07

84%

4

1

$70,600

 

94%

6%

 

 

 

SEP07

80%

6

0

$65,700

 

97%

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+

Q1 - 08

JAN-MAR

1

$48,000

 

95%

5%

 

 

 

Q4 - 07

OCT-DEC

1

$69,800

 

91%

9%

 

 

 

Q3 - 07

JUL-SEP

2

$67,600

 

90%

10%

 

 

 

Q2 - 07

APR-JUN

1

$55,900

 

94%

5%

1%

 

 

Q1 - 07

JAN-MAR

0

$35,000

 

100%

 

 

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

APR08

MAR08

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

BUREAU

 

 

 

 

 

 

 

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

 

 

 

 

 

JUL - DEC

 

2007

1

1

 

 

 

JAN - JUN

 

2007

 

 

1

 

 

JUL - DEC

 

2006

1

1

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

PRIOR TO JAN

 

2006

 

1

3

 

 

Total

 

2

3

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.

 

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  UCC Filings

 

UCC FILED Date: 08/08/2007

Filing Number: 20070076418G

Jurisdiction: SEC OF STATE N CAROL

Secured Party: BRANCH BANKING AND TRUST COMPANY NC WILMINGTON 115 N.

Collateral: EQUIP, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 11/15/2006

Filing Number: 20060109592F

Jurisdiction: SEC OF STATE N CAROL

Secured Party: MAZAK CORPORATION KY FLORENCE 41042 8025 PRODUCTION DRIVE

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 09/29/2005

Filing Number: 20050093239E

Jurisdiction: SEC OF STATE N CAROL

Secured Party: THE TOWN OF BEULAVILLE NC BEULAVILLE 28518 P.O. BOX 130

Collateral: EQUIP


UCC TERMINATED Date: 05/06/2004

Filing Number: 20040045481K

Original Filing Date: 01/01/2001

Original Filing Number: 2004001239

Original Filing State: NC

Jurisdiction: SEC OF STATE N CAROL

Secured Party: MAZAK CORPORATION KY FLORENCE 41042 8025 PRODUCTION DR

Collateral:  


UCC TERMINATED Date: 05/06/2004

Filing Number: 20040045483A

Original Filing Date: 01/01/2001

Original Filing Number: 2004001345

Original Filing State: NC

Jurisdiction: SEC OF STATE N CAROL

Secured Party: MAZAK CORPORATION KY FLORENCE 41042 8025 PRODUCTION DR

Collateral:  


UCC TERMINATED Date: 03/02/2005

Filing Number: 20050019831M

Original Filing Date: 01/01/2001

Original Filing Number: 2004002048

Original Filing State: NC

Jurisdiction: SEC OF STATE N CAROL

Secured Party: MAZAK CORPORATION KY FLORENCE 41042 8025 PRODUCTION DR

Collateral:  


UCC TERMINATED Date: 02/20/2007

Filing Number: 20070017603H

Original Filing Date: 01/01/2001

Original Filing Number: 2006010959

Original Filing State: NC

Jurisdiction: SEC OF STATE N CAROL

Secured Party: MAZAK CORPORATION KY FLORENCE 41042 8025 PRODUCTION DRIVE

Collateral:  

 

Company Background Information

 

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

LEANN ATKINSON, EXECUTIVE

 

LYNDA BARR, VICE PRESI

 

DARIN SULLIVAN, VICE PRESI


Operating Information

Primary SIC Code: ALUMINUM SHEET, PLATE & FOIL - 3353

 

 

 

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