MIRA INFORM REPORT

 

 

Report Date :

25.01.2008

 

IDENTIFICATION DETAILS

 

Name :

DNP INTERNATIONAL CO. INC

 

 

Registered Office :

3035 Red Hat Ln City Industry, CA 90601-1551

 

 

Country :

United States

 

 

Date of Incorporation :

03.02.1999

 

 

Com. Reg. No.:

857959795

 

 

Legal Form :

Institutions

 

 

Line of Business :

Drugs & Proprietaries

 

 

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 :

Small Company

 

 

Payment Behaviour :

Slow by 5 Days

 

 

Litigation :

Clear

 

 

Company Information

 

 

DNP INTERNATIONAL
3035 RED HAT LN
CITY INDUSTRY, CA 90601-1551
(562) 205-1430

Business Identification Number:

857959795

File Established:

02/1997

Date of Incorporation:

03/02/1999

SIC code: 

DRUGS & PROPRIETARIES WHLSNG - 5122

 

Executive Summary

 

 

  Intelliscore for DNP INTERNATIONAL

 

 

54.55

 

 

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
33% 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 TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

NUMBER OF RECENTLY ACTIVE ACCOUNTS



  Current DBT range compared to all industries*

5 DBT
($5,400 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:

0

Judgment filings:

0

Total collections: details (PLACED 04/05-10/07)

2

Sum of legal filings:

$0

UCC filings: details (FILED 03/07)

1

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

7

Highest DBT previous 6 months:

14

Highest DBT previous 5 quarters:

14

Total continuous trades:

14

Current continuous trade balance:

$5,400

Trade balance of all trades (23):

$10,800

Average balance previous 5 quarters:

$2,860

Highest credit amount extended: details

$2,500

6 month balance range:

$800 - $5,400

* 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

 


14

 


7

 


8

 


3

 


7

 


5

 


5

 

0

Jul07

Aug07

Sep07

Oct07

Nov07

Dec07

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


6

 


2

 


8

 


10

 


5

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 03/19/2008: 5 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, CREDIT, and 0000000

 

 

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Legal Filings and Collections

 

 

  Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

10/2007

Settlement Paid Full

$583

 

$427

 

11/2007

RECEIVABLE MANAGEMENT SERVICES

(000) 000-0000

04/2005

Closed, Uncollected

$1,206

 

$1,206

 

05/2005

RECEIVABLE MANAGEMENT SERVICES

(000) 000-0000

 

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 2 YR

+BUS SERVCS

01/2008

 

NET 30

 

$100

$100

100%

 

 

 

 

 

-CHEMICALS

01/2008

 

NET 30

 

$600

$300

 

100%

 

 

 

 

+CHEMICALS

10/2007

09/2007

NET 30

 

$2,500

$2,300

93%

7%

 

 

 

 

-CHEMICALS

01/2008

 

NET 30

 

$100

$100

 

100%

 

 

 

 

-CHEMICALS

01/2008

 

NET 30

 

$400

$300

 

50%

50%

 

 

 

 COMPUTERS

01/2008

02/2005

CREDIT

 

 

$0

 

 

 

 

 

 

+ELEC EQUIP

11/2007

11/2007

CONTRCT

 

$500

$200

100%

 

 

 

 

 

 FACTOR

12/2007

 

NET 30

 

$200

$0

 

 

 

 

 

CUST 3 YR

 FREIGHT

01/2008

08/2007

VARIED

 

$1,400

$0

 

 

 

 

 

 

+FREIGHT

01/2008

12/2007

VARIED

 

$2,300

$2,100

67%

33%

 

 

 

 

 OFFC SUPPL

01/2008

09/2001

CREDIT

 

 

$0

 

 

 

 

 

 

 PACKAGING

01/2008

 

NET 30

 

 

$0

 

 

 

 

 

CUST 3 YR

 PLUMBING

11/2007

08/2001

NET30

 

 

$0

 

 

 

 

 

CUST 6 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

14

 

 

$8,100

$5,400

73%

25%

2%

 

 

DBT: 5

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

14

 

 

$8,100

$5,400

73%

25%

2%

 

 

DBT: 5

 

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

 

$5,800

$0

 

 

 

 

 

 

 AIR TRANS

11/2006

 

NET 30

 

 

$0

 

 

 

 

 

CUST 6 YR

=COMPUTERS

06/2006

05/2006

 

 

$5,100

$500

 

100%

 

 

 

 

=FACTOR

07/2007

06/2007

NET 30

 

$3,600

$3,600

94%

 

4%

2%

 

 

 GENERAL

02/2005

09/2003

NET 30

 

 

$0

 

 

 

 

 

CUST 2 YR

+LAUNDRY

11/2006

 

NET 30

 

$600

$100

100%

 

 

 

 

 

+LEASING

11/2007

 

CONTRCT

 

$1,100

$1,100

100%

 

 

 

 

 

 PACKAGING

01/2006

03/2003

NET 30

 

 

$0

 

 

 

 

 

 

+TELECOM

06/2005

 

NET 30

 

<$100

<$100

100%

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
DRUGS & PROPRIETARIES WHLSNG INDUSTRY SIC: 5122

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

5

$5,400

 

73%

25%

2%

 

 

DEC07

76%

5

5

$4,500

 

70%

30%

 

 

 

NOV07

72%

7

7

$4,400

 

74%

17%

9%

 

 

OCT07

71%

6

3

$3,100

 

80%

20%

 

 

 

SEP07

75%

6

8

$900

 

46%

54%

 

 

 

AUG07

73%

6

7

$1,300

 

53%

47%

 

 

 

JUL07

75%

6

14

$2,000

 

53%

25%

22%

 

 

 

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

5

$4,000

 

74%

23%

3%

 

 

Q3 - 07

JUL-SEP

10

$1,400

 

52%

38%

10%

 

 

Q2 - 07

APR-JUN

8

$3,700

 

71%

21%

4%

4%

 

Q1 - 07

JAN-MAR

2

$4,600

 

90%

10%

 

 

 

Q4 - 06

OCT-DEC

6

$600

 

68%

27%

5%

 

 

 

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

1

1

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

PRIOR TO JAN

 

2006

 

 

 

 

 

Total

 

1

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: 03/14/2007

Filing Number: 077106249288

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: UNITED COMMERCIAL BANK CA SAN FRANCISCO 94111 555 MONTGOMERY

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

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 03/02/1999

Current Status: Active


Business Type: Institutions - Profit

Charter Number: 02103319


Agent: WILLIAM LEE

Agent Address: 3035 RED HAT LN CITY INDUSTRY, CA

 

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  Additional Company Background Information

 

Operating Information

Business Type: Institutions


Primary SIC Code: DRUGS & PROPRIETARIES WHLSNG - 5122

Secondary SIC Code: MISCELLANEOUS RETAIL FOOD STORES - 5499


Number of Employees: 1

Sales: $150,000

 

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