MIRA INFORM REPORT

 

 

Report Date :

14.02.2008

 

IDENTIFICATION DETAILS

 

Name :

MAXIM CRANE WORKS

 

 

Registered Office :

1165 CAMP HOLLOW RD  WEST MIFFLIN, PA 15122-3330

 

 

Country :

United States

 

 

Date of Incorporation :

07.14.1994

 

 

Com. Reg. No.:

84045112

 

 

Legal Form :

Institutions

 

 

Line of Business :

Business Services

 

 

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 2 days

 

 

Litigation :

Clear

 

 

 

 

Company Information

 

 

MAXIM CRANE WORKS
1165 CAMP HOLLOW RD
WEST MIFFLIN, PA 15122-3330
(412) 469-3700

Business Identification Number:

840451122

File Established:

04/1992

Date of Incorporation:

07/14/1994

SIC code: 

BUSINESS SERVICES, NEC - 7389

 

Matching Name and Address

 

 

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

MAXIM CRANE WORKS
1225 WASHINGTON PIKE
BRIDGEVILLE, PA 15017-2825

 

Executive Summary

 

 

  Intelliscore for MAXIM CRANE WORKS

 

 

59.07

 

 

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 TRADES NET 1-30 TERMS

NUMBER OF CURRENT ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

NUMBER OF RECENTLY ACTIVE ACCOUNTS



  Current DBT range compared to all industries*

2 DBT
($37,300 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: details (FILED 06/04)

2

Tax lien filings:

0

Judgment filings:

0

Total collections: details (PLACED 05/02)

1

Sum of legal filings:

$0

UCC filings: details (FILED 01/01-07/07)

22

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

13

Highest DBT previous 6 months:

30

Highest DBT previous 5 quarters:

30

Total continuous trades:

13

Current continuous trade balance:

$37,300

Trade balance of all trades (26):

$58,300

Average balance previous 5 quarters:

$5,880

Highest credit amount extended: details

$34,000

6 month balance range:

$2,000 - $37,900

* 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.

** 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

 


11

 


12

 


14

 


0

 


30

 


16

 


2

 

0

Jul07

Aug07

Sep07

Oct07

Nov07

Dec07

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


5

 


3

 


21

 


12

 


6

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 04/09/2008: 2 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid slower than 75% of similar firms

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

 

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Legal Filings and Collections

 

 

  Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

05/2002

Closed, Uncollected

$3,440

 

$0

 

04/2006

FIDELITY NATIONAL CREDIT SERVICES

(800) 648-9341

 

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  Bankruptcy

File
Date

Filing
Type

Status

Liability
Amount

Asset
Amount

Exempt
Amount

Owner

Filing
Number

Jurisdiction

06/14/2004

Bankruptcy

Chapter 11 Voluntary

$0

 

$0

 

$0

 

 

04027857

 

06/14/2004

Bankruptcy

Chapter 11 Voluntary

$0

 

$0

 

$0

 

 

04027861

 

 

 

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

01/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 5 YR

+AIR TRANS

12/2007

 

 

 

$14,600

$1,700

100%

 

 

 

 

CUST 23 YR

 AIR TRANS

01/2008

 

NET 30

 

$600

$0

 

 

 

 

 

CUST 7 YR

 CONST MACH

12/2007

 

VARIED

 

 

$0

 

 

 

 

 

 

 ELEC EQUIP

01/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 9 YR

 FACTOR

12/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 8 YR

=FINCL SVCS

02/2008

01/2008

VARIED

 

$34,000

$34,000

100%

 

 

 

 

 

-FREIGHT

02/2008

12/2007

VARIED

 

$5,700

$1,600

 

 

100%

 

 

 

 GENERAL

01/2008

 

CONTRCT

 

 

$0

 

 

 

 

 

 

 INDUS SUPL

12/2007

07/2007

NET 30

 

$1,100

$0

 

 

 

 

 

CUST 3 YR

 INDUS SUPL

01/2008

10/2006

NET 30

 

 

$0

 

 

 

 

 

CUST 3 YR

 PACKAGING

01/2008

12/2005

NET 30

 

 

$0

 

 

 

 

 

CUST 10 YR

 SAFTY PROD

12/2007

 

NET 30

 

$1,900

$0

 

 

 

 

 

CUST 3 YR

 

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

 

 

$57,900

$37,300

96%

 

4%

 

 

DBT: 2

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

13

 

 

$57,900

$37,300

96%

 

4%

 

 

DBT: 2

 

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

 AUTO ACCES

07/2006

 

NET 30

 

 

$0

 

 

 

 

 

 

+BUS SERVCS

09/2007

 

NET 7

 

$2,200

$700

100%

 

 

 

 

 

 COMPUTERS

05/2005

 

CREDIT

 

 

$0

 

 

 

 

 

CUST 37 YR

=COMPUTERS

06/2006

05/2006

 

 

$14,700

$14,700

 

90%

 

10%

 

 

 DP EQUIP

10/2006

 

NET 30

 

 

$0

 

 

 

 

 

 

 FACTOR

02/2007

09/2004

NET 30

 

 

$0

 

 

 

 

 

 

=FINCL SVCS

02/2006

 

NET 20

 

$1,100

$1,100

31%

69%

 

 

 

 

 GLASS

11/2006

10/2006

 

 

 

$0

 

 

 

 

 

CUST 9 YR

 INDUS MACH

07/2006

 

NET

 

 

$0

 

 

 

 

 

 

 INDUS MACH

07/2006

 

NET 30

 

 

$0

 

 

 

 

 

 

+RENTALS

12/2007

 

NET 30

 

$38,500

$4,500

100%

 

 

 

 

 

 TELECOM

10/2005

04/2005

NET 30

 

$300

$0

 

 

 

 

 

CUST 1 YR

 TRUCK DLR

08/2007

 

CONTRCT

 

$300

$0

 

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
BUSINESS SERVICES, NEC INDUSTRY SIC: 7389

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

2

$37,300

 

96%

 

4%

 

 

DEC07

87%

6

16

$3,900

 

85%

 

 

 

15%

NOV07

87%

6

30

$2,000

 

71%

 

 

 

29%

OCT07

89%

5

0

$16,800

 

100%

 

 

 

 

SEP07

89%

5

14

$4,400

 

82%

5%

 

 

13%

AUG07

89%

5

12

$5,100

 

89%

 

 

 

11%

JUL07

90%

4

11

$5,800

 

90%

 

 

 

10%

 

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

6

$6,800

 

94%

 

 

 

6%

Q3 - 07

JUL-SEP

12

$5,100

 

87%

2%

 

 

11%

Q2 - 07

APR-JUN

21

$4,500

 

80%

 

 

 

20%

Q1 - 07

JAN-MAR

3

$6,000

 

96%

1%

 

 

3%

Q4 - 06

OCT-DEC

5

$7,000

 

94%

1%

 

1%

4%

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

FEB08

JAN08

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

BANK

 

 

 

 

 

 

 

 

1

FINCL SVCS

 

 

 

 

 

 

1

 

 

GENERAL

 

 

 

 

 

 

1

 

 

MOTR TRANS

 

 

 

 

 

 

 

1

 

Totals

 

 

 

 

 

 

2

1

1

 

UCC Profile

 

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

A full UCC detail report is available the same business day by entering UCC-840451122-C032685382
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

JAN - PRESENT

 

2008

 

 

 

 

 

JUL - DEC

 

2007

1

1

 

 

1

JAN - JUN

 

2007

2

3

 

 

 

JUL - DEC

 

2006

1

2

 

 

 

JAN - JUN

 

2006

2

2

 

 

2

PRIOR TO JAN

 

2006

3

14

 

 

6

Total

 

9

22

 

 

9

 

** 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: 07/02/2007

Filing Number: 2007070500757

Jurisdiction: SEC OF STATE PENNSYL

Secured Party: BANK OF AMERICA, N. A., AS COLLATERAL AG MA BOSTON 02110 100

Collateral: FURN & FIX, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 06/29/2007

Filing Number: 2007 2483757

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: BANK OF AMERICA, N.A., AS COLLATERAL AGE MA BOSTON 02110 100

Collateral: EQUIP, UNDEFINED


UCC FILED Date: 06/29/2007

Filing Number: 2007 2485117

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: BANK OF AMERICA, N.A., AS COLLATERAL AGE MA BOSTON 02110 100

Collateral: EQUIP, FURN & FIX, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 01/31/2007

Filing Number: 2007013106788

Jurisdiction: SEC OF STATE PENNSYL

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION PA FORT WASHINGTON 1903

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 11/07/2006

Filing Number: 2006110900752

Jurisdiction: SEC OF STATE PENNSYL

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION PA FORT WASHINGTON 1903

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 10/26/2006

Filing Number: 2006102606936

Jurisdiction: SEC OF STATE PENNSYL

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION PA FORT WASHINGTON 1903

Collateral:  


UCC FILED Date: 02/23/2006

Filing Number: 6064210 8

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION, AS CT NORWALK 06851 P.

Collateral: HEREAFTER AQUIRED PROP


UCC FILED Date: 02/23/2006

Filing Number: 6064227 2

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION, AS CT NORWALK 06851 P.

Collateral: HEREAFTER AQUIRED PROP


UCC FILED Date: 10/20/2005

Filing Number: 2005102002794

Jurisdiction: SEC OF STATE PENNSYL

Secured Party: NATIONAL CITY LEASING CORPORATION KY LOUISVILLE 40202 101 SO

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 09/15/2005

Filing Number: 2005091902914

Jurisdiction: SEC OF STATE PENNSYL

Secured Party: THE AMERICAN CRANE CORPORATION NC WILMINGTON 28412 202 RALEI

Collateral: EQUIP

 

Commercial Finance Relationships

 

 

  Leasing Relationships

 

Leasing Company: NON-DISCLOSED

Origination Date: 07/2006

Original Lease Amount: $7,878

Lease Product Type: EQUIPMENT

Lease Close Date: 07/2009

Lease Term: 37 Months

Current Scheduled Amount Due: $212

Amount of Overdue Payments: $0

Remaining Balance: $3,501

Late Payments: 0

 

 

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF PENNSYLVANIA

State of Origin: PA

Date of Incorporation: 07/14/1994

Current Status: Active


Business Type: Institutions - Unknown

Charter Number: 2590021

 

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  Additional Company Background Information

 

Key Personnel

Principal(s): 

DEAN SCOTT, MANAGER

 

KEITH PHELPS, MANAGER

 

RONNIE WESTBERRY, OPERATIONS


Operating Information

Business Type: Institutions


Primary SIC Code: BUSINESS SERVICES, NEC - 7389

Secondary SIC Code: HVY CONST EQPT RENTAL & LEASING - 7353

Additional SIC Code: 5084 - 7359


Number of Employees: 500

 

 

 

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