MIRA INFORM REPORT

 

 

Report Date :

10.01.2008

 

IDENTIFICATION DETAILS

 

Name :

ENGIS CORP

ENGIS

 

 

Registered Office :

105 W Hintz Rd, Wheeling, Il 60090-6038
P. O. Box 9046, Wheeling, Il 60090-9046

 

 

Country :

United States

 

 

Date of Incorporation :

Prior To 01/1977

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Industrial Supplies Wholesaling.

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

Company Information

 

 

ENGIS CORP
105 W HINTZ RD
WHEELING, IL 60090-6038
(847) 808-9400

Business Identification Number:

849595365

File Established:

PRIOR TO 01/1977

SIC code: 

INDUSTRIAL SUPPLIES WHLSNG - 5085

 

Matching Name and Address

 

 

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

ENGIS
P. O. BOX 9046
WHEELING, IL 60090-9046

 

Executive Summary

 

 

  Intelliscore for ENGIS CORP

 

 

81.89

 

 

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
91% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF RECENTLY ACTIVE ACCOUNTS

NUMBER OF CURRENT ACCOUNTS

LENGTH OF CREDIT HISTORY GREATER THAN AVERAGE



  Current DBT range compared to all industries*

0 DBT
($288,700 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 8 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 08/03-06/06)

8

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

2

Highest DBT previous 5 quarters:

2

Total continuous trades:

15

Current continuous trade balance:

$288,700

Trade balance of all trades (29):

$298,200

Average balance previous 5 quarters:

$268,320

Highest credit amount extended: details

$240,600

6 month balance range:

$226,500 - $288,700

* 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

 


1

 


1

 


2

 


1

 


0

 


0

 


0

 

0

Jun07

Jul07

Aug07

Sep07

Oct07

Nov07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


1

 


0

 


1

 


2

 


0

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

Predicted DBT for 03/05/2008: 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

 

 

 

 

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

+CHEMICALS

10/2007

09/2007

SPECIAL

 

$15,600

$11,100

100%

 

 

 

 

 

-COMPUTERS

12/2007

09/2007

CREDIT

 

$4,500

$200

28%

15%

57%

 

 

 

 ELEC SUPLR

12/2007

08/2007

NET30

 

$3,000

$0

 

 

 

 

 

 

 FINCL SVCS

12/2007

 

VARIED

 

 

$0

 

 

 

 

 

 

=FINCL SVCS

10/2007

 

NET

 

$100

$100

100%

 

 

 

 

 

 FINCL SVCS

10/2007

06/2007

CONTRCT

 

 

$0

 

 

 

 

 

SATSFTRY

+FREIGHT

12/2007

11/2007

VARIED

 

$43,100

$4,700

76%

24%

 

 

 

 

+INDUS SUPL

11/2007

11/2007

NET 30

 

$3,400

$1,400

100%

 

 

 

 

CUST 7 YR

+IRON&STEEL

12/2007

 

NET 30

 

$8,600

$600

100%

 

 

 

 

 

+MANUFCTRNG

11/2007

10/2007

VARIED

 

$119,500

$85,500

100%

 

 

 

 

CUST 1 YR

 NEWSPAPERS

12/2007

09/2006

NET 15

 

 

$0

 

 

 

 

 

 

 PACKAGING

12/2007

11/2007

NET 30

 

 

$0

 

 

 

 

 

CUST 7 YR

 SAFTY PROD

12/2007

 

NET 30

 

 

$0

 

 

 

 

 

 

+SERVICES

12/2007

07/2007

NET 30

 

$240,600

$184,500

100%

 

 

 

 

 

+TRUCK DLR

12/2007

 

CONTRCT

 

$600

$600

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

15

 

 

$439,000

$288,700

100%

 

 

 

 

DBT: 0

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

15

 

 

$439,000

$288,700

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

06/2006

05/2006

 

 

$2,200

$2,200

99%

1%

 

 

 

CUST 30 YR

-AIR TRANS

11/2006

 

NET 30

 

$1,400

$1,400

21%

21%

1%

 

57%

COLLECTION

 BUS SERVCS

10/2006

10/2006

NET 30

 

 

$0

 

 

 

 

 

 

+CELLUL/PAG

06/2005

05/2005

NET 30

 

$100

$100

100%

 

 

 

 

CUST 2 YR

 CELLUL/PAG

05/2005

04/2005

NET 30

 

$300

$0

 

 

 

 

 

CHARGE OFF

 COMPUTERS

05/2005

 

CREDIT

 

 

$0

 

 

 

 

 

CUST 37 YR

=COMPUTERS

06/2006

05/2006

 

 

$12,100

$3,400

 

96%

 

 

4%

 

+ELEC EQUIP

09/2005

09/2005

CONTRCT

 

$800

$800

100%

 

 

 

 

 

 FINCL SVCS

03/2006

02/2006

CONTRCT

 

 

$0

 

 

 

 

 

SATSFTRY

+FREIGHT

04/2007

 

VARIED

 

$100

$100

100%

 

 

 

 

 

=FRGHT FWRD

10/2005

 

NET 30

 

$100

$100

 

100%

 

 

 

 

 INDUS SUPL

01/2007

02/1999

1/10N30

 

 

$0

 

 

 

 

 

 

+LEASING

11/2007

 

CONTRCT

 

$2,800

$1,400

100%

 

 

 

 

 

 MACH DISTR

07/2007

06/2003

1/10N30

 

 

$0

 

 

 

 

 

CUST 4 YR

 

Monthly Payment Trends

 

 

Payment Trends Analysis
INDUSTRIAL SUPPLIES WHLSNG INDUSTRY SIC: 5085

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

$288,700

 

100%

 

 

 

 

NOV07

82%

8

0

$270,100

 

99%

1%

 

 

 

OCT07

83%

7

0

$269,800

 

99%

1%

 

 

 

SEP07

82%

7

1

$231,000

 

95%

4%

1%

 

 

AUG07

83%

8

2

$235,100

 

95%

2%

3%

 

 

JUL07

86%

5

1

$256,600

 

93%

6%

1%

 

 

JUN07

86%

5

1

$259,900

 

94%

5%

1%

 

 

 

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

$275,000

 

99%

1%

 

 

 

Q3 - 07

JUL-SEP

2

$240,900

 

94%

4%

2%

 

 

Q2 - 07

APR-JUN

1

$258,700

 

97%

2%

 

1%

 

Q1 - 07

JAN-MAR

0

$254,700

 

99%

1%

 

 

 

Q4 - 06

OCT-DEC

1

$312,300

 

97%

1%

1%

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

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

1

2

 

 

 

PRIOR TO JAN

 

2006

3

6

 

 

 

Total

 

4

8

1

 

 

 

** 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 TERMINATED Date: 07/19/2007

Filing Number: 001629980

Original Filing Date: 08/31/2006

Original Filing Number: 011297692

Original Filing State: IL

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: METHODS MACHINE TOOLS INC. MA SUDBURY 01776 65 UNION AVENUE

Collateral:  


UCC FILED Date: 06/29/2006

Filing Number: 6225159 3

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: BANC ONE LEASING CORPORATION OH COLUMBUS 43240 1111 POLARIS

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 04/14/2006

Filing Number: 010857236

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: NATIONAL CITY COMMERCIAL CAPITAL CORPORA OH CINCINNATI 45203

Collateral: EQUIP, UNDEFINED


UCC FILED Date: 03/15/2004

Filing Number: 008385882

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: INFORMATION LEASING CORPORATION OH CINCINNATI 45203 1023 W 8

Collateral: EQUIP


UCC FILED Date: 01/28/2004

Filing Number: 008172447

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: INFORMATION LEASING CORPORATION OH CINCINNATI 45203 1023 W 8

Collateral: ACCTS REC, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 01/27/2004

Filing Number: 4021765 5

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: BANK ONE, NA IL CHICAGO 60603 120 S. LASALLE STREET SUITE IL

Collateral: EQUIP, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 09/19/2003

Filing Number: 007578946

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: INFORMATION LEASING CORPORATION OH CINCINNATI 45203 1023 W 8

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 08/07/2003

Filing Number: 3205069 1

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: NBD EQUIPMENT FINANCE INC MI DETROIT 48226 660 WOODWARD AVE

Collateral: EQUIP


UCC FILED Date: 08/06/2003

Filing Number: 3224664 6

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: NBD EQUIPMENT FINANCE, INC. MI DETROIT 48226 660 WOODWARD AV

Collateral: EQUIP, UNDEFINED

 

Company Background Information

 

 

  Additional Company Background Information

 

Operating Information

Primary SIC Code: INDUSTRIAL SUPPLIES WHLSNG - 5085

Secondary SIC Code: MACHINE TOOLS, METAL CUTTING TYPE - 3541

Additional SIC Code: 4522 - 3291


Number of Employees: 130

Sales: $8,000,000


 

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