MIRA INFORM REPORT

 

 

Report Date :

11.02.2008

 

IDENTIFICATION DETAILS

 

Name :

WESTERN STONE & METAL CORPORATION

 

 

Registered Office :

8085 S Chester St Ste 300 Centennial, CO 80112-3530

 

 

Country :

United States

 

 

Date of Incorporation :

11/2007

 

 

Com. Reg. No.:

876558522

 

 

Legal Form :

Private Company

 

 

Line of Business :

Retailer of Jewelry

 

 

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 14 days

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

WESTERN STONE & METAL
8085 S CHESTER ST STE 300
CENTENNIAL, CO 80112-3530
(303) 792-3500

Business Identification Number:

876558522

File Established:

11/2007

 

Executive Summary

 

 

  Intelliscore for WESTERN STONE & METAL

 

 

51.08

 

 

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
30% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

RECENTLY DELINQUENT OR DEROGATORY AVG ACCOUNT BALANCES

RATIO OF BALANCE ON SLOW PAYING ACCOUNTS TO ALL BALANCES

PRESENCE OF AN INCONSISTENT PAYMENT TREND

RATIO OF REGULARLY REPORTED TRADES TO TOTAL TRADES



  Current DBT range compared to all industries*

14 DBT
($9,200 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 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:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

11

Highest DBT previous 6 months:

15

Highest DBT previous 5 quarters:

15

Total continuous trades:

6

Current continuous trade balance:

$9,200

Trade balance of all trades (6):

$9,200

Average balance previous 5 quarters:

$7,460

Highest credit amount extended: details

$12,200

6 month balance range:

$2,000 - $14,900

* 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.

  7 month DBT trends

 

90+

60

30

 


14

 


13

 


14

 


15

 


9

 


4

 


14

 

0

Jul07

Aug07

Sep07

Oct07

Nov07

Dec07

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


14

 


13

 


14

 


13

 


11

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 04/09/2008: 15 DBT

Payment Trend Indication:
Show No Identifiable Trend

 

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

+DISTRIBUTR

01/2008

 

NET 30

 

$3,000

$1,100

82%

18%

 

 

 

 

+INDUS SUPL

01/2008

01/2008

NET 30

 

$400

$100

100%

 

 

 

 

CUST 8 YR

=MED SUPPLY

01/2008

 

VARIED

 

$1,200

$1,200

41%

43%

11%

5%

 

 

 PACKAGING

01/2008

 

NET 30

 

$100

$0

 

 

 

 

 

CUST 1 YR

 TELECOM

01/2008

 

NET 30

 

<$100

$0

 

 

 

 

 

 

=UTILITY

01/2008

 

NET 15

 

$12,200

$6,800

 

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

6

 

 

$17,000

$9,200

16%

82%

1%

1%

 

DBT: 14

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

6

 

 

$17,000

$9,200

16%

82%

1%

1%

 

DBT: 14

Monthly Payment Trends

 

 

Payment Trends Analysis

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

14

$9,200

 

16%

82%

1%

1%

 

DEC07

N/A

N/A

4

$3,900

 

78%

20%

2%

 

 

NOV07

N/A

N/A

9

$2,000

 

64%

32%

 

 

4%

OCT07

N/A

N/A

15

$14,300

 

8%

90%

1%

1%

 

SEP07

N/A

N/A

14

$14,900

 

10%

89%

1%

 

 

AUG07

N/A

N/A

13

$14,500

 

13%

87%

 

 

 

JUL07

N/A

N/A

14

$13,500

 

8%

92%

 

 

 

 

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

11

$6,700

 

29%

70%

1%

 

 

Q3 - 07

JUL-SEP

13

$14,300

 

11%

89%

 

 

 

Q2 - 07

APR-JUN

14

$4,000

 

18%

80%

 

 

2%

Q1 - 07

JAN-MAR

13

$3,600

 

14%

86%

 

 

 

Q4 - 06

OCT-DEC

14

$8,700

 

5%

95%

 

 

 

 

Commercial Finance Relationships

 

 

  Leasing Relationships

 

Leasing Company: NON-DISCLOSED

Origination Date: 11/2003

Original Lease Amount: $3,670

Lease Product Type: EQUIPMENT

Lease Close Date: 02/2009

Lease Term: 64 Months

Current Scheduled Amount Due: $57

Amount of Overdue Payments: $0

Remaining Balance: $699

Late Payments: 0

 

 

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