MIRA INFORM REPORT

 

 

Report Date :

13.02.2008

 

IDENTIFICATION DETAILS

 

Name :

BANGOR ELECTRONICS CO INC

 

 

Registered Office :

10 Industrial Park Rd, Bangor, Mi 49013-1246

 

 

Country :

United States

 

 

Date of Incorporation :

08/1984

 

 

Com. Reg. No.:

748076993

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Semiconductors & Related Devices

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

 

BANGOR ELECTRONICS CO
10 INDUSTRIAL PARK RD
BANGOR, MI 49013-1246
(269) 427-7944

Business Identification Number:

748076993

File Established:

08/1984

SIC code: 

SEMICONDUCTORS & RELATED DEVICES - 3674

 

Matching Name and Address

 

 

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

BANGOR ELECTRONICS CO INC
100 INDUSTRIAL PARK
BANGOR, MI 49013-1264

 

Executive Summary

 

 

 

  Intelliscore for BANGOR ELECTRONICS CO

 

 

66.64

 

 

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
55% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF DELINQUENT ACCOUNTS

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS

NUMBER OF OTHER TRADES

  Research Tips

Additional information may be available on this

 

business.

Other recommended searches:

Order Public Record

 

 

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 06/94-05/98)

2

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

2

Highest DBT previous 6 months:

15

Highest DBT previous 5 quarters:

15

Total continuous trades:

7

Current continuous trade balance:

$0

Trade balance of all trades (11):

$400

Average balance previous 5 quarters:

$0

Highest credit amount extended: details

$100

6 month balance range:

$0 - $0

** 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.

 

 

 

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

01/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 6 YR

 INDUS SUPL

02/2008

 

N30

 

 

$0

 

 

 

 

 

CUST 2 YR

 OFFC SUPPL

01/2008

12/1998

CREDIT

 

 

$0

 

 

 

 

 

 

 PACKAGING

01/2008

10/2007

NET 30

 

<$100

$0

 

 

 

 

 

CUST 9 YR

 PAPER PROD

01/2008

 

NET 30

 

 

$0

 

 

 

 

 

 

 SAFTY PROD

11/2007

09/1999

NET 30

 

 

$0

 

 

 

 

 

CUST 14 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

7

 

 

$100

$0

 

 

 

 

 

DBT: 0

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

7

 

 

$100

$0

 

 

 

 

 

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

 BANK

10/2005

09/2005

VARIED

 

$1,700

$0

 

 

 

 

 

CUST 16 YR

 CHEMICALS

04/2007

02/2007

NET 30

 

$200

$0

 

 

 

 

 

 

-LEASING

02/2005

 

NET 30

 

$400

$400

50%

 

50%

 

 

 

 MACH DISTR

07/2007

03/2001

1/10N30

 

 

$0

 

 

 

 

 

CUST 8 YR

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
SEMICONDUCTORS & RELATED DEVICES INDUSTRY SIC: 3674

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

$0

 

 

 

 

 

 

DEC07

81%

6

15

$100

 

 

100%

 

 

 

NOV07

82%

6

0

$100

 

100%

 

 

 

 

OCT07

82%

6

0

$0

 

 

 

 

 

 

SEP07

82%

6

0

$0

 

 

 

 

 

 

AUG07

81%

6

0

$0

 

 

 

 

 

 

JUL07

81%

6

0

$100

 

100%

 

 

 

 

 

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

2

2

 

2

3

Total

 

2

2

 

2

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.

 

Back to top

 

  UCC Filings

 

UCC AMENDED Date: 04/05/2004

Filing Number: 20040696077

Original Filing Date: 04/05/2004

Original Filing Number: C858156

Original Filing State: MI

Jurisdiction: SEC OF STATE MICHIGA

Secured Party: NATIONAL CITY BANK OF MI/IL MI OSHTEMO 49077 PO BOX 1040

Collateral:  


UCC AMENDED Date: 03/19/2004

Filing Number: 20040566301

Original Filing Date: 03/19/2004

Original Filing Number: C858155

Original Filing State: MI

Jurisdiction: SEC OF STATE MICHIGA

Secured Party: NATINAL CITY BANK OF MI/IL MI OSHTEMO 49077 1 NATIONAL CITY

Collateral:  


UCC CONTINUED Date: 03/12/2003

Filing Number: 20030471194

Original Filing Date: 03/12/2003

Original Filing Number: D376276

Original Filing State: MI

Jurisdiction: SEC OF STATE MICHIGA

Secured Party: NATIONAL CITY BANK OF MI/IL MI KALAMAZOO 49013 108 EAST MICH

Collateral:  


UCC AMENDED Date: 06/10/1999

Filing Number: D529038

Original Filing Date: 06/10/1999

Original Filing Number: D376276

Original Filing State: MI

Jurisdiction: SEC OF STATE MICHIGA

Secured Party: FIRST OF AMERICA BANK, N.A. MI KALAMAZOO 49007 108 EAST MICH

Collateral:  


UCC CONTINUED Date: 04/08/1999

Filing Number: D500885

Original Filing Date: 04/08/1999

Original Filing Number: C858155

Original Filing State: MI

Jurisdiction: SEC OF STATE MICHIGA

Secured Party: NATIONAL CITY BANK OF MICHIGAN/ILLINOIS MI KALAMAZOO 49007 1

Collateral:  


UCC FILED Date: 05/19/1998

Filing Number: D376276

Jurisdiction: SEC OF STATE MICHIGA

Secured Party: FIRST OF AMERICA BANK, N.A. MI KALAMAZOO 49007 109 EAST MICH

Collateral: EQUIP, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 06/28/1994

Filing Number: C858155

Jurisdiction: SEC OF STATE MICHIGA

Secured Party: FIRST OF AMERICA BANK-MICHIGAN, N.A. MI KALAMAZOO 49007 108

Collateral: ACCTS REC, EQUIP, HEREAFTER AQUIRED PROP

 

Company Background Information

 

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

AL ANTHONY, OWNER

 

ALBERT ANTHONY, PRESIDENT

 

KELLEY REO, ACCOUNT MA


Operating Information

Primary SIC Code: SEMICONDUCTORS & RELATED DEVICES - 3674

Secondary SIC Code: PLASTICS PRODUCTS, NEC - 3089

Additional SIC Code: 3429 - 3499


Number of Employees: 74

 

 

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