MIRA INFORM REPORT

Report Date :

12.01.2008

IDENTIFICATION DETAILS

Name :	INTERMEC CORP
Registered Office :	6001 36th Ave W, Everett, Wa 98203-1264
Country :	United States
Financials (as on) :	31.12.2006
Date of Incorporation :	04/28/1969
Legal Form :	Institutions
Line of Business :	Computer Peripheral Equipment Business Services

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 9 days
Litigation :	Exists

Company Information

INTERMEC CORP
6001 36TH AVE W
EVERETT, WA 98203-1264
(425) 348-2600

Business Identification Number:

859105545

File Established:

09/1987

Date of Incorporation:

04/28/1969

SIC code:

COMPUTER PERIPHERAL EQUIPMENT, NE - 3577

Executive Summary

  Intelliscore for INTERMEC CORP

41.15

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
25% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS
	NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS
	NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO
	BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS

  Current DBT range compared to all industries*

9 DBT
($324,600 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 5 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 12/01-10/07)

5

Judgment filings:

0

Total collections: details (PLACED 11/05-09/07)

2

Sum of legal filings:

$8,796

UCC filings: details (FILED 06/00-11/04)

12

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

6

Highest DBT previous 6 months:

9

Highest DBT previous 5 quarters:

11

Total continuous trades:

39

Current continuous trade balance:

$324,600

Trade balance of all trades (84):

$606,100

Average balance previous 5 quarters:

$214,820

Highest credit amount extended: details

$187,700

6 month balance range:

$210,600 - $346,000

* 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

7

8

4

6

7

9

9

0

Jun07

Jul07

Aug07

Sep07

Oct07

Nov07

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

11

9

9

6

9

0

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 03/05/2008: 9 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid the same as similar firms

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

Legal Filings and Collections

Collections
Date Placed	Status	Original Balance	Outstanding Balance	Date Closed	Agency	Agency Phone
09/2007	Open Account	$237	$237		RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
11/2005	Paid in Full	$2,595	$0	12/2005	RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000

Tax Liens
File Date	Filing Type	Status	Amount	Filing Number	Jurisdiction
10/09/2007	County Tax Lien	Filed	$447	200700606841	ORANGE COUNTY RECORD
08/27/2002	State Tax Lien	Released	$4,033	03639412	MARION CNTY CIRCUIT/
03/19/2002	State Tax Lien	Released	$421	03552712	MARION CNTY CIRCUIT/
03/19/2002	State Tax Lien	Released	$3,863	03609354	MARION CNTY CIRCUIT/
03/19/2002	State Tax Lien	Released	$32	03633000	MARION CNTY CIRCUIT/
02/22/2002	State Tax Lien	Filed	$32	03633000	MARION CNTY CIRCUIT/
02/22/2002	State Tax Lien	Filed	$4,033	03639412	MARION CNTY CIRCUIT/
01/31/2002	State Tax Lien	Filed	$3,863	03609354	MARION CNTY CIRCUIT/
12/14/2001	State Tax Lien	Filed	$421	03552712	MARION CNTY CIRCUIT/

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	12/2007		NET 30		$0						CUST 4 YR
ADVERTISNG	12/2007	04/2006			$0
=AIR TRANS	11/2007	11/2007		$152,700	$152,700	69%	21%		10%		CUST 18 YR
=ALUMINUM	12/2007		1/10N30	$55,800	$16,000	46%	54%
AUTOMOTIVE	11/2007	07/2007	NET 30		$0
BUS SERVCS	09/2007	09/2007	NET 30	$200	$0
-CHEMICALS	12/2007		NET 30	$200	$100		100%
DP EQUIP	11/2007	07/2003	NET 30		$0
ELEC DISTR	12/2007		NET 30		$0
+ELEC DISTR	11/2007	11/2007	VARIED	$6,900	$1,000	100%
ELEC EQUIP	11/2007	01/2001	CREDIT	$700	$0						CUST 10 YR
+ELEC EQUIP	11/2007	11/2007	CONTRCT	$49,800	$900	100%
+ELEC MFG	12/2007	11/2007	NET 30	$5,000	$5,000	100%
+ELEC MFG	10/2007*		VARIED	$3,100	$3,100	100%					CUST 7 YR
EQUIPMENT	12/2007		NET 30	<$100	$0
-FACTOR	10/2007		VARIED	$60,500	$9,100	3%	97%
FACTOR	12/2007	02/2004	NET 30		$0						CUST 3 YR
FACTOR	12/2007	04/2007	NET 15	$3,000	$0
FINCL SVCS	12/2007	12/2007	CONTRCT		$0						SATSFTRY
=FREIGHT	12/2007	12/2007	VARIED	$163,500	$26,700	57%	27%	10%	6%
+FUEL DISTR	12/2007		VARIED	$700	$400	99%				1%
HEATNG&A/C	12/2007	10/2000			$0						CUST 1 YR
-INDUS SUPL	10/2007	10/2007	VARIED	$3,900	$1,300	48%	1%	1%	50%		CUST 7 YR
INDUS SUPL	12/2007		N30		$0						CUST 15 YR
-INDUS SUPL	11/2007		VARIED	$100	$100				100%
IRON&STEEL	12/2007	03/2005	VARIED		$0
MANUFCTRNG	11/2007	05/1999	NET 30	$25,000	$0
MATRL HNDL	12/2007		NET 30	$3,400	$0
MED SUPPLY	12/2007		VARIED		$0
+NEWSPAPERS	11/2007		NET 15	$2,400	$700	100%
NONFER MTL	11/2007	04/2005	VARIED	$200	$0
OFFC SUPPL	12/2007	01/1999	CREDIT		$0
OFFC SUPPL	12/2007	10/2003	CREDIT		$0						ACCTCLOSED
PACKAGING	12/2007		NET 30		$0						CUST 7 YR
=PAPER DIST	12/2007	04/2007	VARIED	$187,700	$107,000	70%	30%				CUST 23 YR
+PRNTG&PUBL	12/2007	12/2007	1/10N30	$6,800	$2,000	87%		13%
SAFTY PROD	12/2007		NET 30		$0
SAFTY PROD	11/2007*	06/2007	NET 30		$0						CUST 1 YR
+TELECOM	12/2007		NET 30	<$100	<$100	100%
TRANSPORTN	11/2007	11/2001	VARIED		$0						CUST 7 YR
+TRUCK DLR	12/2007		CONTRCT	$34,900	$1,500	76%	24%

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	39	$763,600	$324,600	66%	27%	1%	6%		DBT: 9
Newly Reported	2	$3,100	$3,100	100%					DBT: 0
Trade Lines Totals	41	$766,700	$327,700	66%	27%	1%	6%		DBT: 9

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
+ACCT SVCS	08/2007		VARIED	$500	$500		100%
-AIR TRANS	11/2006		NET 30	$13,100	$2,900	52%	6%	1%		41%	COLLECTION
-AUTOMOTIVE	08/2005		NET 10	$900	$900			100%
BLDG MATRL	05/2005		2/10N30	$700	$0
=BUS FORMS	12/2007		NET 30	$6,900	$300	100%
CELLUL/PAG	01/2006		NET 30		$0
COMMUNICTN	02/2007	10/2005	NET 20		$0						CUST 4 YR
COMPUTERS	05/2005		VARIED		$0						CUST 37 YR
-COMPUTERS	06/2006	05/2006		$23,000	$2,500		68%	31%		1%
-DISTRIBUTR	08/2007		NET 30	$250,600	$250,600	1%		9%	16%	74%
ELEC DISTR	08/2006	03/1999	NET 30		$0
ELEC PARTS	06/2006	05/1998	NET 30		$0						CUST 23 YR
FACTOR	06/2006	09/2003	NET 30		$0
FACTOR	05/2005	06/2002			$0
FASTNR MFG	09/2005		COD		$0
FINANCE	01/2005		NET 10		$0
FINCL SVCS	03/2006	03/2006	CONTRCT		$0						SATSFTRY
+FREIGHT	09/2007	06/2007	NET 30	$300	$300	100%
FREIGHT	12/2005	08/2005	VARIED		$0
=FRGHT FWRD	08/2007		NET30	$300	$300		100%
-FRGHT FWRD	01/2006		NET 30	$3,200	$3,100	18%		80%		2%
GENERAL	02/2005	07/2001	NET 30		$0						CUST 9 YR
GENERAL	10/2006		OTHER		$0						CUST 3 YR
=HEATNG&A/C	06/2007		NET 30	$347,400	$6,300		100%
HOUSEWARES	04/2006	07/2001	VARIED		$0
INDUS SUPL	06/2007		NET 30		$0
INDUS SUPL	08/2006		NET 30	$400	$0
LEASING	02/2005		NET 30		$0
=LUMBR&WOOD	01/2007	01/2007	VARIED	$4,600	$600	32%	68%				CUST 5 YR
MACHINERY	12/2005	10/2005	VARIED		$0
METL FNSHG	12/2007		NET 30		$0
=METL FNSHG	12/2006		VARIED	$6,800	$1,100	35%	65%
+MISC MANUF	08/2006		VARIED	$80,400	$9,000	100%
MOTR TRANS	12/2005	05/2003	NET 30		$0
OFFC SUPPL	06/2007	04/2007	DISC	$100	$0						CUST 28 YR
OFFC SUPPL	11/2005	07/2003	CREDIT		$0						CUST 8 YR
PAPER PROD	06/2005		NET 30		$0
PERSNLSVCS	08/2005	10/2002	ROI		$0
PETROLEUM	09/2006		NET 30		$0
REFRIG	06/2007		NET 45		$0
RUBBER	06/2007		VARIED	$500	$0
TELECOM	04/2007	04/2007	NET 30	$100	$0						CUST 11 YR
VIDEO	06/2006	12/1998	NET 30		$0						CUST 8 YR

Monthly Payment Trends

Payment Trends Analysis
COMPUTER PERIPHERAL EQUIPMENT, NE INDUSTRY SIC: 3577

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

9

$324,600

66%

27%

1%

6%

NOV07

85%

5

9

$344,800

61%

32%

2%

5%

OCT07

87%

5

7

$276,600

65%

29%

6%

SEP07

82%

5

6

$269,200

62%

36%

2%

AUG07

82%

6

4

$236,500

79%

19%

2%

JUL07

83%

5

8

$243,000

70%

18%

12%

JUN07

83%

5

7

$210,600

63%

32%

4%

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	9	$311,800	63%	30%	3%	4%
Q3 - 07	JUL-SEP	6	$239,600	69%	26%	5%
Q2 - 07	APR-JUN	9	$212,300	71%	19%	6%	2%	2%
Q1 - 07	JAN-MAR	9	$120,700	60%	35%	2%	1%	2%
Q4 - 06	OCT-DEC	11	$189,700	51%	42%	4%		3%

Inquiries

Summary of Inquiries
Business Category	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07	JUN07	MAY07
AUTOMOTIVE								1
BUREAU							1
COMPUTERS		2
CRED CARD					1
Totals		2			1		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-859105545-C032497873 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
JAN - JUN	2007
JUL - DEC	2006
JAN - JUN	2006
PRIOR TO JAN	2006	1	12	1		2
Total		1	12	1		2

** 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.

  UCC Filings

UCC AMENDED Date: 10/04/2005

Filing Number: 200527782759

Original Filing Date: 10/04/2005

Original Filing Number: 2005277820

Original Filing State: WA

Jurisdiction: SEC OF STATE WASHING

Secured Party: WELLS FARGO BANK N.A. WA SEATTLE 98104 999 3RD AVENUE, 10TH

Collateral: 

UCC AMENDED Date: 03/28/2005

Filing Number: 200508853126

Original Filing Date: 03/28/2005

Original Filing Number: 2000166013

Original Filing State: WA

Jurisdiction: SEC OF STATE WASHING

Secured Party: SAFECO CREDIT CO. INC. CT DANBURY 06810 44 OLD RIDGEBURY ROA

Collateral: 

UCC FILED Date: 11/24/2004

Filing Number: 200433528557

Jurisdiction: SEC OF STATE WASHING

Secured Party: BANK OF AMERICA, N.A., AS ADMINISTRATIVE CA PASADENA 91101 5

Collateral: 

UCC FILED Date: 11/23/2004

Filing Number: 200432923544

Jurisdiction: SEC OF STATE WASHING

Secured Party: JPMORGAN CHASE BANK, FORMERLY KNOWN AS M NY NEW YORK 10260 6

Collateral: 

UCC FILED Date: 09/30/2004

Filing Number: 200427570883

Jurisdiction: SEC OF STATE WASHING

Secured Party: KEYBANK NATIONAL ASSOCIATION, AS ADMINIS OH CLEVELAND 44114

Collateral: 

UCC FILED Date: 09/30/2004

Filing Number: 4275410 1

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: KEYBANK NATIONAL ASSOCIATION, AS ADMINIS OH CLEVELAND 44114

Collateral: UNDEFINED

UCC FILED Date: 05/03/2004

Filing Number: 200412548071

Jurisdiction: SEC OF STATE WASHING

Secured Party: THE ARCHIVE GROUP, INC. WA BELLEVUE 98004 PO BOX 5064

Collateral: 

UCC FILED Date: 12/02/2003

Filing Number: 200333605785

Jurisdiction: SEC OF STATE WASHING

Secured Party: WASHINGTON MUTUAL BANK WA SEATTLE 98101 1201-3RD AVE SUITE 1

Collateral: EQUIP, UNDEFINED

UCC FILED Date: 09/29/2003

Filing Number: 200327324524

Jurisdiction: SEC OF STATE WASHING

Secured Party: WASHINGTON MUTUAL BANK WA SEATTLE 98101 1201-3RD AVE., SUITE

Collateral: 

UCC FILED Date: 09/12/2003

Filing Number: 200325876766

Jurisdiction: SEC OF STATE WASHING

Secured Party: THE ARCHIVE GROUP, INC. WA BELLEVUE 98009 PO BOX 5064

Collateral: 

Company Background Information

  Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF TENNESSEE

State of Origin: TN

Date of Incorporation: 04/28/1969

Current Status: Active

Business Type: Institutions - Profit

Charter Number: 0211658

Agent: THE PRENTICE-HALL CORPORATION SYSTEM INC

Agent Address: 2908 POSTON AVE NASHVILLE, TN

Additional Company Background Information

Operating Information

Business Type: Institutions

Primary SIC Code: COMPUTER PERIPHERAL EQUIPMENT, NE - 3577

Secondary SIC Code: BUSINESS SERVICES - 7300

Additional SIC Code: 3341 - 5999

Number of Employees: 1,000

Sales: $1,000,000,000

Standard and Poor's Information

Balance sheet for fiscal year ending: DEC 31 Data current through: 03/20/2007 ($ Thousands)
		2006	2005	2004
	Cash and equivalent	184,537	256,782	267,899
	Receivables - net	158,369	180,985	157,833
	Inventory	119,027	82,088	80,854
	Other current assets	70,038	138,641	321,464
	Total current assets	531,971	658,496	828,050
	Fixed assets - net	43,453	30,820	30,375
	Investments	0	0	0
	Other assets	231,811	213,404	214,252
	Total assets	807,235	902,720	1,072,677
	Debt due in 1 year	0	0	108,500
	Notes payable	0	0	0
	Accounts payable	112,205	148,731	160,001
	Taxes payable	0	0	0
	Other current liabilities	77,029	69,380	160,334
	Total current liabilities	189,234	218,111	428,835
	Long term debt	100,000	100,000	100,000
	Other liabilities	100,397	108,806	132,608
	Net worth	417,604	475,803	411,234
	Total liab. and net worth	807,235	902,720	1,072,677

Operating statement for fiscal year ending: DEC 31 Data current through: 03/20/2007 ($ Thousands)
		2006	2005	2004
	Net sales	849,969	875,482	811,317
	Cost of goods sold	518,429	502,741	454,583
	Gross income on sales	331,540	372,741	356,734
	Expenses	285,964	318,216	306,057
	Pre-tax income	45,576	54,525	50,677
	Taxes	10,575	13,880	-1,504
	After tax income	35,001	40,645	52,181
	Extraord. inc. & discont'd ops	-2,998	21,147	-101,310
	Net income	32,003	61,792	-49,129

Critical data and ratios for fiscal year ending: DEC 31 Data current through: 03/20/2007 ($ Thousands)
		2006	2005	2004
	Tangible net worth	413,626	468,932	407,162
	Net working capital	342,737	440,385	399,215
	Current ratio (times)	3.0	1.9	0.0
	% Total debt to tang. n.w.	91.0	162.4	0.0
	% Current debt to tang. n.w.	46.5	105.3	0.0
	% After tax inc. to tang. n.w.	8.6	12.8	0.0
	% After tax inc. to net sales	4.6	6.4	0.0
	Net sales to inventory (times)	10.6	10.0	0.0
	CGS to inventory (times)	59.5	64.9	0.0
	Avg. days sales outstanding (days)	0.0	0.0	0.0

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