MIRA INFORM REPORT

Report Date :

23.01.2008

IDENTIFICATION DETAILS

Name :	E H WACHS CO
Registered Office :	600 Knightsbridge Pkwy Lincolnshire, IL 60069-3617
Country :	United States
Date of Incorporation :	01.1977
Com. Reg. No.:	823330156
Legal Form :	Private Limited Company
Line of Business :	Machine Tools, Metal Cutting Type

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

E H WACHS CO
600 KNIGHTSBRIDGE PKWY
LINCOLNSHIRE, IL 60069-3617
(847) 537-8800

Business Identification Number:

823330156

File Established:

PRIOR TO 01/1977

SIC code:

MACHINE TOOLS, METAL CUTTING TYPE - 3541

Matching Name and Address

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

E.H WACHS
100 SHEPARD AVE
WHEELING, IL 60090-6022

Executive Summary

  Intelliscore for E H WACHS CO

69.68

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
63% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF ACTIVE ACCOUNTS
	NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS
	NUMBER OF OTHER TRADES
	NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

  Current DBT range compared to all industries*

2 DBT
($569,700 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

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

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 11/03)

2

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$2,658

UCC filings: details (FILED 09/96-12/07)

9

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

1

Highest DBT previous 6 months:

2

Highest DBT previous 5 quarters:

2

Total continuous trades:

18

Current continuous trade balance:

$569,700

Trade balance of all trades (39):

$686,600

Average balance previous 5 quarters:

$538,020

Highest credit amount extended: details

$475,400

6 month balance range:

$541,000 - $630,900

* 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

1

1

2

1

1

1

2

0

Jul07

Aug07

Sep07

Oct07

Nov07

Dec07

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

1

1

1

1

1

0

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 03/19/2008: 2 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

Legal Filings and Collections

Tax Liens
File Date	Filing Type	Status	Amount	Filing Number	Jurisdiction
11/18/2003	State Tax Lien	Filed	$443	BK164PG781	KANAWHA COUNTY COMM
11/18/2003	State Tax Lien	Filed	$2,215	BK164PG787	KANAWHA COUNTY COMM

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
+AIR TRANS	11/2007			$18,300	$13,100	99%		1%			CUST 6 YR
BLDG MATRL	01/2008	03/2003	CREDIT		$0						ACCTCLOSED
+BUS SERVCS	01/2008		NET 7	$5,800	$4,000	100%
+COMPUTERS	01/2008	11/2007	CREDIT	$16,600	$15,300	100%					ACCTCLOSED
=FINCL SVCS	01/2008	12/2007	VARIED	$35,600	$13,300	100%					ACCTCLOSED
=FINCL SVCS	01/2008	12/2007	VARIED	$37,300	$20,500	100%
FINCL SVCS	12/2007	06/2007	VARIED	$2,500	$0						CUST 6 YR
FINCL SVCS	01/2008	01/2008	CONTRCT		$0						SATSFTRY
+FREIGHT	01/2008	12/2007	VARIED	$400	$400	100%
+FREIGHT	12/2007	10/2007	VARIED	$7,600	$900	100%
FRGHT FWRD	01/2008	05/2006	NET 30		$0
=INDUS SUPL	10/2007	10/2007	NET 30	$1,400	$1,100	47%	48%	5%
-IRON&STEEL	01/2008		NET 30	$72,500	$72,500	31%	45%	24%
OFFC SUPPL	01/2008	04/2002	CREDIT		$0
=PACKAGING	01/2008	12/2007	NET 30	$5,700	$5,700	51%	40%	9%			CUST 6 YR
SAFTY PROD	12/2007		NET 30	$200	$0
+SERVICES	01/2008	12/2007	NET 30	$475,400	$422,700	100%
+TRUCK DLR	01/2008		CONTRCT	$600	$200	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	18	$679,900	$569,700	91%	6%	3%			DBT: 2
Newly Reported	0								DBT:
Trade Lines Totals	18	$679,900	$569,700	91%	6%	3%			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
+AIR TRANS	11/2006		NET 30	$1,400	$300	100%					COLLECTION
=AUTO LEASE	11/2007	11/2007	VARIED	$27,300	$11,900	100%					SATSFTRY
BUS SERVCS	10/2006	10/2006	NET 30		$0
CELLUL/PAG	10/2005	09/2005	NET 30	$300	$0						CUST 2 YR
COMPUTERS	05/2005		CREDIT		$0						CUST 37 YR
=COMPUTERS	06/2006	05/2006		$11,100	$300		100%
CONST MACH	08/2006		NET 30	$4,200	$0
EQUIPMENT	07/2007		NET 30		$0
EQUIPMENT	07/2007		NET 30		$0
FINCL SVCS	11/2005	11/2005	CONTRCT	$23,400	$0						ACCTCLOSED
FINCL SVCS	03/2006	03/2006	CONTRCT		$0						SATSFTRY
+FRGHT FWRD	01/2006		NET 30	$300	$300	100%
+FRGHT FWRD	08/2006	06/2006	CASH	$300	$300	100%					SATSFTRY
+INDUS MACH	08/2007		NET 30	$4,200	$1,300	78%	1%	21%
+LEASING	11/2007		CONTRCT	$2,100	$2,100	100%
=MANUFCTRNG	04/2006	03/2006	VARIED	$1,000	$400		100%				CUST 7 YR
+METAL DIST	05/2006	05/2006	5/10N30	+$100,000	+$100,000	64%	36%
MISC MANUF	11/2006	09/2006	VARIED	$2,300	$0
OFFC SUPPL	04/2006	01/2006	NET	<$100	$0						CUST 4 YR
OFFC SUPPL	11/2005	09/2005	CREDIT	$400	$0						CUST 4 YR
TELECOM	05/2006		NET 30		$0						CUST 12 YR

Monthly Payment Trends

Payment Trends Analysis
MACHINE TOOLS, METAL CUTTING TYPE INDUSTRY SIC: 3541

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

$569,700

91%

6%

3%

DEC07

85%

5

1

$578,700

93%

6%

1%

NOV07

86%

4

1

$541,000

94%

5%

1%

OCT07

86%

4

1

$570,200

92%

8%

SEP07

85%

4

2

$630,900

90%

10%

AUG07

85%

4

1

$553,200

94%

5%

1%

JUL07

86%

4

1

$544,800

96%

3%

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	1	$563,300	93%	6%	1%
Q3 - 07	JUL-SEP	1	$576,300	93%	6%	1%
Q2 - 07	APR-JUN	1	$570,000	93%	7%
Q1 - 07	JAN-MAR	1	$507,800	94%	5%	1%
Q4 - 06	OCT-DEC	1	$472,700	94%	6%

Inquiries

Summary of Inquiries
Business Category	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07	JUN07	MAY07
CONST MACH							1
Totals							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-823330156-C032550969
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	3
JAN - JUN	2007	1	1
JUL - DEC	2006
JAN - JUN	2006
PRIOR TO JAN	2006	3	5	2	1
Total		5	9	2	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.

  UCC Filings

UCC FILED Date: 12/19/2007

Filing Number: 012790279

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: MAZAK CORPORATION KY FLORENCE 41042 8025 PRODUCTION DRIVE

Collateral: 

UCC FILED Date: 12/19/2007

Filing Number: 012790287

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: MAZAK CORPORATION KY FLORENCE 41042 8025 PRODUCTION DRIVE

Collateral: 

UCC FILED Date: 07/31/2007

Filing Number: 012353553

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: JPMORGAN CHASE BANK, N.A. IL CHICAGO 60603 120 S. LA SALLE S

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 03/28/2007

Filing Number: 011939015

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: CIT COMMUNICATIONS FINANCE CORPORATION NJ LIVINGSTON 07039 1

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC TERMINATED Date: 12/01/2005

Filing Number: 001569231

Original Filing Date: 11/18/2005

Original Filing Number: 010383986

Original Filing State: IL

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: ARTHUR MACHINERY, INC. IL ELK GROVE VILLAGE 60007 2501 LANDM

Collateral: 

UCC TERMINATED Date: 09/02/2005

Filing Number: 001561809

Original Filing Date: 08/11/2005

Original Filing Number: 010089972

Original Filing State: IL

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: FIFTH THIRD BANK (CHICAGO) IL CHICAGO 60606 233 S.WACKER DRI

Collateral: 

UCC FILED Date: 04/08/2005

Filing Number: 009711597

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: DE LAGE LANDEN FINANCIAL SERVICES, INC. PA WAYNE 19087 1111

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 04/06/2005

Filing Number: 009702768

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: IMAGETEC, L.P. NJ PARK RIDGE 07656 P.O. BOX 728

Collateral: EQUIP

UCC FILED Date: 02/08/2005

Filing Number: 009528679

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION CT DANBURY 06810 10 RIV

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 04/03/2003

Filing Number: 006800440

Jurisdiction: ILLINOIS SECRETARY O

Secured Party: AMERICAN EXPRESS BUSINESS FINANCE TX HOUSTON 77002 600 TRAVI

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

Commercial Finance Relationships

  Leasing Relationships

Leasing Company: CANON FINANCIAL SERVICES

Address: BURLINGTON, NJ 08016- 0

Phone: (800) 220-0200

Origination Date: 06/2003

Original Lease Amount: $25,051

Lease Product Type: EQUIPMENT

Lease Close Date: 06/2007

Lease Term: 48 Months

Payment Interval: 12/YEAR

Current Due Date: 12/20/2007

Current Scheduled Amount Due: $533

Amount of Overdue Payments: $586

Remaining Balance: $0

Current Payments: 36

Late Payments: 14

Company Background Information

  Additional Company Background Information

Operating Information

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

Secondary SIC Code: RESIDENTIAL BUILDING CONTRACTORS - 1520

Additional SIC Code: 3594 - 5251

Number of Employees: 100

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